|
Title: Can we see the bottom? Post by: Bobblehead Pete on March 25, 2015, 02:50:35 PM http://www.newsbtc.com/2015/03/25/bitcoin-price-continues-to-decline-where-will-it-stop/
I need some experts analyst here. Right now, bitcoin sits at $246. Will this continue? If yes, at what level will it stop? Title: Re: Can we see the bottom? Post by: Snail2 on March 25, 2015, 03:04:11 PM You can check it out on the Speculation board. There are tons of predictions, so just pick one what you like :). ("Eeny, meeny, miny, moe" is a great prediction tool over there as I see.)
BTW I'm doing my calculations according to the BTC/BTC pair. That's always in the green... :) Title: Re: Can we see the bottom? Post by: CoinDiver on March 25, 2015, 03:05:34 PM Which bottom? :)
Title: Re: Can we see the bottom? Post by: NUFCrichard on March 25, 2015, 03:11:07 PM http://www.newsbtc.com/2015/03/25/bitcoin-price-continues-to-decline-where-will-it-stop/ They will manipulate the price down until they can't make any more money from that, then they will manipulate the price up.I need some experts analyst here. Right now, bitcoin sits at $246. Will this continue? If yes, at what level will it stop? The one thing that traders hate is stability, they can't make money from Bitcoin staying at one price all the time, so rise and fall is the way it goes. The bitcoin economy is growing, transactions per day are increasing, screw the price, things are going good for bitcoin. Title: Re: Can we see the bottom? Post by: Amph on March 25, 2015, 03:38:33 PM we are near it probably, as i doubt it will lower under 200, there are some strong wall before that
Title: Re: Can we see the bottom? Post by: needFREElunch on March 25, 2015, 03:42:10 PM I think that it will bottom out at about 230. But if it doesn't stop going down there I think it will go to 150 because of all of the people panic selling like what always happens when there are price swings.
Title: Re: Can we see the bottom? Post by: neoneros on March 25, 2015, 03:44:53 PM So now would be a good time to buy, but never more than you can afford to lose!! 8)
The fluctuation is a good thing for traders, but I rather have more places to spend bitcoin other than exchanges :( Title: Re: Can we see the bottom? Post by: Lauda on March 25, 2015, 04:03:29 PM You've posted the thread in the wrong section. I guess it is okay since it's going to get moved soon.
Anyhow there was/is a lot of debate on the bottom. Obviously predictions are wrong most of the time, the market has a free spirit. The bottom could be the current price, it could be $200, who knows. I would say however that we might not go under $200 anymore. We don't have to rush, even though I'd like to see the price recover a bit. Title: Re: Can we see the bottom? Post by: ShetKid on March 25, 2015, 04:56:16 PM http://www.newsbtc.com/2015/03/25/bitcoin-price-continues-to-decline-where-will-it-stop/ I need some experts analyst here. Right now, bitcoin sits at $246. Will this continue? If yes, at what level will it stop? Its impossible to predict the bottom, as any large holder could dump anytime. But I doubt we would go below 200 in the following months. Title: Re: Can we see the bottom? Post by: oblivi on March 25, 2015, 05:01:51 PM He talks about setting a stop loss at 241 as if that would save your ass... with Bitcoin you never know, and you might as well cancel your orders right when it starts to climb back up to 500+. Personally I never leave orders opened or else I cant sleep.
Title: Re: Can we see the bottom? Post by: maku on March 25, 2015, 05:07:16 PM http://www.newsbtc.com/2015/03/25/bitcoin-price-continues-to-decline-where-will-it-stop/ I need some experts analyst here. Right now, bitcoin sits at $246. Will this continue? If yes, at what level will it stop? Its impossible to predict the bottom, as any large holder could dump anytime. But I doubt we would go below 200 in the following months. Title: Re: Can we see the bottom? Post by: Slaxt on March 25, 2015, 05:44:36 PM I think that it will bottom out at about 230. But if it doesn't stop going down there I think it will go to 150 because of all of the people panic selling like what always happens when there are price swings. 230 sounds reasonable as a bottom below that to much resistance unless something like massive holdings cash in am talking massive, and then it will only touch 160-170 for a couple of minutes 'flash crash' people will be panic straight into the whales. Game set match, then them same panic sellers will buy back in at 190-200 and complete the game.. op think the bottom was 160's we should not go there again.. Title: Re: Can we see the bottom? Post by: mitus-2 on March 25, 2015, 05:55:12 PM impossibile to predict but i place my bottom of the bottom at 220 usd/BTC.
there are a lot of walls and resistance before that point Title: Re: Can we see the bottom? Post by: hugs1BTC on March 25, 2015, 05:56:48 PM I think Bitcoin will never go under 200$, it's becoming too popular.
Title: Re: Can we see the bottom? Post by: Lauda on March 25, 2015, 05:58:37 PM I think Bitcoin will never go under 200$, it's becoming too popular. The popularity doesn't effect the price. Actually it's nowhere near from being "too popular". Facebook is too popular with 1.4 Billion users. Bitcoin doesn't even have 5 million users. That's the issue. The increasing adoption via Bitpay actually just makes the price go down. I wish that some of these big companies actually kept their Bitcoin. It's not like they don't have enough money to support keeping a few million $ in Bitcoin. Title: Re: Can we see the bottom? Post by: lucasjkr on March 25, 2015, 06:04:28 PM http://www.newsbtc.com/2015/03/25/bitcoin-price-continues-to-decline-where-will-it-stop/ I need some experts analyst here. Right now, bitcoin sits at $246. Will this continue? If yes, at what level will it stop? Its impossible to predict the bottom, as any large holder could dump anytime. But I doubt we would go below 200 in the following months. You're looking for rationality in a market driven by speculation. There is nothing fundamental underpinning bitcoins value, and the market just isn't very deep. A small change in sentiment by just a few people can end up adding or removing a lot of buyers from the market, and that drives prices far more than it does in, say, most equities... Likewise for most equities, buyers and sellers cluster their bids and asks right near the current value. With bitcoin, not so much the case, causing huge moves on a daily basis. Wheres the bottom? That's anyones guess. Title: Re: Can we see the bottom? Post by: Nowi on March 25, 2015, 06:11:23 PM On internet are tons of predictions, I thing BTC will fall little bit at next few days too, but as last months it will also go back to 290+ per Dollar ;)
Title: Re: Can we see the bottom? Post by: Shiver on March 25, 2015, 06:38:46 PM How many times have we all read ad nauseam "don't invest more than you can afford to lose"? If people actually did that then there would be no panic selling.
Personally there is no bottom price that would make me sell. Only personal circumstances that squeezed me would make me sell anything, not anything to do with the market, only because I'd run out of resources elsewhere. Title: Re: Can we see the bottom? Post by: randy8777 on March 25, 2015, 07:23:25 PM if traders could spot bottoms then he or she would make a huge load of money.
my guess is that it will not go below $200 buy support there looks strong. Title: Re: Can we see the bottom? Post by: lucasjkr on March 25, 2015, 09:29:59 PM People are being over dramatic it isn't a huge drop yet, hell what have we dropped in the last 2 weeks 20 bucks? I don't think we will even drop below 230. 20 dollar drop in the last two weeks... How many dollar drop since new years... How many more dollars dropped since the previous new year... It'd be great to see it make a sustained move in the other direction, or even just staying flat for a few months, rather than this continual downward grind... $230 is only $13 dollars away... Where is the buy support? Unless a new gang of buyers appears on the horizon, the continuous trickle of coins hitting market from miners needing to pay expenses will easily knock through that floor $13 below us... Title: Re: Can we see the bottom? Post by: Natalia_AnatolioPAMM on March 25, 2015, 10:06:02 PM I think Bitcoin will never go under 200$, it's becoming too popular. judging by some statistics, it will reach 30$ sooner or later Title: Re: Can we see the bottom? Post by: HI-TEC99 on March 25, 2015, 10:29:24 PM I think Bitcoin will never go under 200$, it's becoming too popular. judging by some statistics, it will reach 30$ sooner or later What statistics? Some predict sub 100, or even 50, but 30 is very low. Title: Re: Can we see the bottom? Post by: afbitcoins on March 25, 2015, 11:59:59 PM I still hypothesise that we already saw the bottom
https://bitcointalk.org/index.php?topic=952219.msg10425593#msg10425593 Title: Re: Can we see the bottom? Post by: ajareselde on March 26, 2015, 01:22:46 AM well the price was rather stabile @220, before this last tankin happened, then it went to 300, and now when its ~245 everyone panicking ?!
its bouncing like a ping pong, because it reacts to every news and speculation, but the fact that it remained over 200$ should suggest that there is enough support to stop price from declining even further. if it drops under 200, we will have a nosedive, but i doubt it. cheers |