Rockford
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May 05, 2013, 02:18:58 AM

Agree, you'r buying instinct is state of the art. Those 700 bought at 134 day before 40% crash is the move of the Master tactician  Grin

It was irresistible, goat sold to me at 3% discount to Gox!!  Embarrassed

At the time of the deal the terms were in your favour (if we skip over the no-escrow part). Goat admitted to making a slightly unprofitable deal to see whether you could actually cough up $92k. That the market went significantly south after that is just bad luck (and unimportant in the long run).

At that time I did not fully buy back. I could buy back in full now and be better off. I just assumed we were going up, silly me.

However I'm not going to buy back all now, I want lows 70s!!!

Smiley

FWIW $80 was the low for a long-time, maybe forever.  

$115 is Fair Value for Bitcoin NOW.

sqrt (Peak $266 / Low $50)  = 2.31

sqrt (Retrace peak $166.4 / Retrace low $79) = 1.45

$266 / 2.31 = $115.2
$166 / 1.45 = $114.5
  $79 * 1.45 = $114.5
  $50 * 2.31 = $115.2

Expect Bitcoin fx rate to oscillate with a median value of $115 for some time, at least until next major news-fed feeding frenzy!

+1

 Cool I had the same conclusion/theory/gut feeling