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Comment by StavrosK | Hacker News Reader

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StavrosK·

Welp, time to sell.

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Welp, time to sell.

The price two days later: $234. Up $84.

Required reading for prognosticators:

I'm Raising My Bitcoin Price Target To $400 http://www.businessinsider.com/im-raising-my-bitcoin-price-t...

Hindsight is 40/40.

I can imagine it's investor-minded people who are just trying to ride the wave. We'll know what the floor is at some point over and over again, which would be the only time to buy - unless society starts to distrust it - which might be good at least for keeping the investment-profit schemed people out.

Yeah, as far as I'm concerned, the floor is around $20ish.

So many people are waiting for a crash so they can buy in. The floor is much higher - if it does crash, i'd say either the historical $30 mark. Or somewhere 50+ like $70

At $20 I feel there would be so much renewed demand from such a low price it would never stay there, almost an immediate rebound.

You could have also said that 19 days ago, when it was at $50. Oh, look, someone did: https://news.ycombinator.com/item?id=5397922

There seems a Sunday-Tuesday surge in prices, perhaps as people who learned they wanted some over the weekend in Asia-Europe-Americas get their funds in and make their purchases. So Tuesday may be a better time - I have a hunch it'll break $200 by then.

Still, as suggested in my downvoted reply to the above 'sell at $50' comment, $500 would be a better time for some profit-taking.

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