Quote from: thesilence981 on February 18, 2012, 07:24 pmok were at 4.2 right now soo that 4.3 wasnt the lowest, i just bought $300usd, hoping for a turn around!!Investing in Bitcoin to sell for profit is always going to be a risky venture due to the volatility of the market. I made a huge amount over the course of 2 weeks, but could've lost an equally huge amount over the course of 3 days due to the price dropping. That's the thing about Bitcoin - when it crashes, it crashes big! And recovery generally takes a period of up to 9 weeks.Market manipulators are the ones to watch out for, and ironically, they're the ones you CAN'T watch out for - they dump a huge amount of coins onto the market at once to try push the price lower, then buy up more at the lower prices. The first time this happened there was a relatively small amount of coins dumped onto the market and things went crazy - the last time there was over a 100K BTC dumped and there was very little market movement, which would indicate speculators are becoming much less affected by huge dumps like this, and Bitcoin is stabilising somewhat as a commodity (most speculators would see Bitcoin as a commodity to make money off rather than as a currency to purchase goods and services with, at least in the short term.)The 100K BTC dropped by the manipulator which failed to impact the market then brought a second, larger manipulator out of the shadows who managed to successfully push the price down, and buying up more coins. I can't see this happening again for another 2 - 3 months as the manipulators will likely be attempting to examine each others most probable strategies, now that the smaller manipulator knows there is someone larger out there.Quote from: pine on February 19, 2012, 03:45 pmPlease don't waste your time trying to predict currency movements. It is a giant waste of your energies.Predicting currency movements is not necessarily a waste of your energies, although for those not well versed in it, it can lose you a lot of money.Predicting commodity movements, however, is much less of a mug's game. Bitcoins are, for the most part (to speculators) a commodity which is traded or hoarded in order to produce a profit at the sale-point. The relatively successful Bitcoin currency trader needs to be completely up to date with the speculation of Bitcoin as a commodity in order to maintain that success.- graham greene