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Re:Bitcoin’s Rise: What If It Is Not A Bubble? by daeken on Wednesday April 03, 2013 @12:55PM (#5487249)
That sentiment may be common, but it's by no means universal. Even if I suspected a crash were coming (which I do -- end of this month or early next month, after it hits $200-225), that wouldn't affect the fact that I'm buying, simply the price I'd be willing to buy at. It's all just a matter of risk vs reward.
Re:Bitcoin’s Rise: What If It Is Not A Bubble? by wtvanhest on Wednesday April 03, 2013 @12:59PM (#5487287)
Why do you think $200-$225 is the number it will hit? Why do you think end of this month or next month? Why not this week or 1 year from now?
Re:Bitcoin’s Rise: What If It Is Not A Bubble? by daeken on Wednesday April 03, 2013 @01:16PM (#5487417)
The time estimation is based on the number -- just based on the rate of increase, I'm probably not far off. The number, though, is complete guesswork, purely based on discussions I've had with people about BTC's current rise; no evidence in the least. I have little enough to lose here that I'm willing to go by my gut on it; if it turns out I'm wrong, I won't be losing any sleep, which is always nice.
Re:Bitcoin’s Rise: What If It Is Not A Bubble? by notb on Wednesday April 03, 2013 @01:41PM (#5487633)
Its also a self fulfilling prophecy. When everyone colludes to start selling at the $200 mark, it will certainly burst.
Re:Bitcoin’s Rise: What If It Is Not A Bubble? by daeken on Wednesday April 03, 2013 @01:43PM (#5487650)
That's a large part of why I'm thinking it'll happen. There's something "different" about $200 when people talk about the rise of Bitcoin; that number just makes people uncomfortable. I don't think it'll rise much beyond that, this time around. (Though I do think that the eventual value of BTC will be much, much, much higher, years down the road.)
Re:Bitcoin’s Rise: What If It Is Not A Bubble? by miles on Wednesday April 03, 2013 @02:19PM (#5487958)
Why do you think $200-$225 is the number

Indeed:

I'm Raising My Bitcoin Price Target To $400

http://www.businessinsider.com/im-raising-my-bitcoin-price-t...

Re:Bitcoin’s Rise: What If It Is Not A Bubble? by aneth4 on Thursday April 04, 2013 @04:20AM (#5491573)
Just some advice - if you think the market will top out at $200, take your profits at 20-25% less gain than your maximum. You are highly unlikely to predict the exact peek, and highly likely to overestimate it. Greed and delusion are powerful forces.

I'd be selling now, and have sold 75% of my holdings.

I might be a buyer again at $20.