Bitcoin Forum

Ok, jokes are over.

Analyzing the charts and order books today i noticed how we will fall straight down to $160 if we break $230.
Chances are around 93% that we break $230 within the upcoming 2 week period.

This will be the start of the crash I've been talking about! Fasten your seat belts for the drop of your or get out while you can!

I'm ready

http://www.stemthreads.com/images/cool-car-seat-for-dogs-ebay-dog-with-brown-tangled-fur-dog-sitting-with-black-seat-belt-dark-brown-dog-sleeping-on-car-seat.jpg

I guess there is nothing wrong with that. Where did you pull that chance from, a hat?
The price dropping just gives more people more potential to buy in at lower prices. The market isn't as exciting as it was back in '13.

i would say chances are 93% that the price will rise, i don't expect the price to fall below 200

any value beolow 200 will trigger a good buy that will rise the price above 200 again

Predicting the price based on order books isn't the best way. Orders come in after the price starts falling .Before that, its empty most of the times.

I have the full balance of my second mortgage waiting......

Chances are that 93% 100% of OP's posts are bullshit

Wait where did you get your stats? can you screen cap your picture on your prediction.. is it the trendline you are seeing?

I mean it can break at $160 you say but it can also retract back upwards within mins as well back to $200ish.

 :D :D ;D ;D

I don't see how anybody could make a percentage based prediction on a rise or fall just by analyzing charts, unfortunately. OP is clearly another who likes to spread fud.

Woah. Where did the 93% chance came from? o.O

Well even if we crossed the $230 boundary, or even managed to hit $200, chances are most positive-minded traders will consider this as yet another good entry point and buy orders will force the price to go upwards.

Quoted.  ::)
If you want... you can post your technical analysis here, too.

We'll see

Uggg, troll feeding.  Just don't.

i'll be over the moon to buy at 220 let alone anything under 200, there is probably more chance against this kinda drop then you think.  Lots of rich holders have a big incentive to keep the price up.

Forget just keeping the price up.  Think of how much more Bitcoin we can buy for our money at lower prices.  If Bitcoin really ever did drop to $10 per coin with lots of supply, I could pick up a million Bitcoin for a measley $10 million.  That's almost 5% of the entire money supply.  There is no way the rest of the ecosystem would ever let me do that.  So there is no way it would ever reach that price.  Even $100 per coin is out of the question.  At that price there is far too much money buying.

from this point we're more likely going to see a rise. can't see it going below $200 again considering there is no major bad news.

Even some "bad news" (unless catastrophic) wouldn't lead the price to drop that far... remember there are multi-million dollar players in Bitcoin all over the place, they simply wouldn't allow such a crash to lead to prices hitting those kind of lows... they'd be buying up the coin themselves.

This is pretty on point.

The fact that one of founders of facebook, Chamath Palihapitiya like this guy.

Who has so much funds in bitcoin, he would prob go back and bring his own money to bring back up the price. The dude owns a basketball team the warriors, owns another sub sectior for stocks like people who sell shares of yelp in. Yes, he owns that too.

I dont think the price will effect much when they can hold their price.

I freaking hope it goes farther I want sub $100 btc.

You realize that if something like that will happen MOST of the people will be selling everything, and it could be the end of bitcoin? We may not recover after this.

I can quite honestly say that Bitcoin will never reach less than $100 per coin longer than it takes me to move my funds to exchanges.  I can quite happily keep price above that level by myself, thank you.

I have a feeling it would/will be the final capulation.

There are only so many bitcoins that can be sold.

Although it does seem anytime it dips below $200 everyone and their mother start buying sooooo perhaps we never will see double digits again.

I am prepared for both.

Every price level on the way down, people say "once bitcoin goes through that level, it will trigger buying which will stabilize the price". AT some point, the people doing the buying will be all out of dry powder...

What you fail to realize is the lower the price gets, the easier it is to buy the market up.  Let's say there are 100,000 coins sitting on exchanges ready to be dumped at market price.  (Yes, silly, but let's look at this extreme case.)  If I jump in at $100 per coin with a limit order, I can absorb the entirety of the market dump all by myself with just $10 million, and end up 100,000 coins wealthier with a market that has no more ammunition to sell.

Bitcoin is on its way to zero. Just who will be the last greater fool... That is the question. BTW, ironic that this is fools day.  

I can 100% guarantee it will never hit $0.  See above.

I seem to remember someone who considers himself quite the financial guru making this exact same declaration just before the price hit the $90's.

Never say never  ;D

Uhhm, you do realize that the moment we reached sub $100, most people will hurriedly sell their holdings and thus adding fuel to the downward spiral of bitcoinm right? Though we can fairly say that there are some people like you who will buy coins when it reached that amount, but that's just not the case. :3 Panic might trigger those hands to sell instantly after all, rather than to lose and get nothing in the end.

Honestly, no longer than it takes me to move my funds to exchanges.  At less than $100 per coin, I will take every coin offered.

damn, you might be right on that one. but am still hoping it stays on the 250 or somewhere around..

One ECM jammer, EMP or global power surge and bitcoin will be dead. Something like bitcoin crash can happen after 51% attack as well. For now I would rather believe that bitcoin could be de dead than it will cost more than $1000 again.

if it ever hits 0 or below 50, ill sell pretty much whatever i have to buy bitcoins.
it has been adopted by too many people for them to let it fall.
huge mafia dealers, governments and a great number of millionaires willing to risk their money in it..

they will do whatever they can to keep it stable or part-stable, this is how it works.

if it falls down by a huge margin, it means probably some people are making it happen so that the selling rush happens and they will get it back again up its price

i mean coming from a newbie, most people wont probably pay attention to what i said, but still i made my point.

An ECM jammer or global power surge would bring down the internet and all traditional fiat payment systems as well.  This is not a Bitcoin-killing scenario.  It's a societal collapse scenario.  If this happens, your dollars will be just as worthless.  Currency will be water, food, and ammo.  It's silly to bring up such a scenario here.

Just $10 mil. The kind of money a discerning gentleman uses each week as toilet paper.

$10 million is the price of a decent house here in Silicon Valley.  It's not that much these days.  I would consider that the minimum savings for a middle class retirement today.

I'm forever losing a million dollars down the back of the sofa, so no need to try and explain to me.

It prettily seems as a troll for me  ::)

That 10 million figure just goes to show how ludicrously tiny this whole thing is still. There's a bizarro disconnect between the amount of noise generated and what's actually occurring in terms of market happenings.

There are tens of thousands of people who could single handedly drive things through the floor or the roof.

Lucky for us supply is limited.  So through the floor is just not possible.  A single $-wealthy person can hold the floor at a level of at least $100 per coin against any number of $-wealthy people.  You need Bitcoins to tank the market, and there aren't enough Bitcoins in sellers hands to move it beyond there as long as there is one person holding the line (buying).

I have seen a lot of similarly honestly thoughts that BTC will never go under 500, under 400, under 300, under 200. Reality is everything is possible.

Firstly op with his 93% guarantee  :D

I thought these predictions were only reserved for the newbie accounts. "silly me"

Anyway dothebeats has a point with what would happen if we hit $100 major panic upon panic, most of the people who weeks earlier claimed they would buy up as much as they could at that price, when and 'if' that price came their bottom would fall out in most cases the only ones buying would be the truly hardcore and the whales, then.....

You would check the price one day a week or two later and realize how you have missed an awesome opportunity threw fear then buy in with the rest who got scared and fuel the mini pump back to where it was, it is hard but with risk comes reward.

93%  ;D :D ;D

Not so.  Everything is not possible.  For a ridiculous example, if you place a limit order to purchase 21,000,000 Bitcoins at $100 per coin, tell me how price could ever drop below $100?  For a more realistic example, you could do the same thing with an order for 100,000 Bitcoins and still accomplish the same thing, as there aren't a great deal of Bitcoins actually available for selling at exchanges right now.

buying at current price is not the same as buying at 50-100 or lower, maybe it's not under 200, but the lower the price the more strong the buyers support, this should be an easy logic to understand, so no every price aren' t the same

And how the hell did you arrive at 93%??

i would love to receive an explanation about it too.. i mean 93%  :o

I'm tiered of the situation in this: neither dying nor being success. Come on, 10$ or 1000$.

Well then better have some patience because 2015 is going to be like this. Bitcoin will objectively speaking never die unless you live 10000 years so yeah.

that is just speculations. nothing is concrete with bitcoins.. you can sleep on your bitcoin value at 100k usd and wake up to find they are worth 1$

agreed on that... its not a tangible good that has a certain hi-low value which will stay on a proper amount

but still we also have to agree that it is standing pretty much comfortable on 230-260 for the time being

totally agrees, i read somewhere on the forum about something happening on 15 april 2015. i dont know what it is but some are pretty excited about it

they are probably waiting for the price to rise high, ive noticed many buyers are buying even more bitcoins for the time being, anybody noticed?

some will cry blood if that is not the case LOL

thats the thing with bitcoins. it might really rise to 500usd :D (just hoping)

or it might drop to 200 or less which will yes, be painful

Agreed, the medium-term trend has probably turned up, so there is little chance of a "crash" below $200.

The exchange with your order gets hacked :P

Things were also looking like this back at the beginning of February and we did a slow but surprise breakout there, as well. I think chances are still quite good that this is "it"

just a newbie speculating : my best price i can imagine during this month is 315$ at highest. IF the boom happens

It isn´t going to the moon any time soon but seems to have a recent support at about 250. And it hasn´t seemed to be on the verge of the next collapse for almost three months. I´ll take any positive signs and hope for the best. Good luck, g

If a boom happens, I'd imagine it not going above $400 within a month, tops. But I think your target of $315 makes sense for the most part. One thing, though: we need to get above $310-$325 in order to confirm a breakout from previous resistance levels there. If bit we may bounce off again!!!

agreed! what i noticed is people are pushing noobs to buy at a higher price all the time.. market + 8% market + 11%
this is gradually making a point on the market. see previously it was 235, hit up straight within a week to 297 before dropping again in a week.. but what happened is it stayed more or less firm on the 240-255 mark..
which is still a 10$ rise if we suppose it stood most of the time on 248...

every little time there is a push for a boom, the price will rise a little more.. exchangers are finding bitcoin more and more profitable because its easier for them to drive the price up than fiat which needs a lot of govt and gdp change..

but still just a newbie's observation

its an impressive observation man. you are probably right but gdp??
what is gdp?

DEFINITION of 'Gross Domestic Product - GDP' The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis.

google is not down yet!

Indeed. I know what I've been doing these last few months, and selling isn't it. There's a definite and growing possibility that the tide has turned.

Maybe, but I remember mid Nov. 450 to mid Jan. 170. It´s too early to tell but so far the signs seem good. If and once it gets solidly entrenched at 350 or so or better for a few weeks it´ll start to look very promising to me.

Well honestly with bitcoin you can never be sure about anything, who would have thought in 2010 what bitcoin would be a few years later? When the price was 1$ no one probably thought it could go up more than 10$ maybe 100$ but it went to 1000$ so a lot of things can happen ina really short amount of time

One thing I learnt about bitcoin being with the market for last two year, even if I am not a market guy, is that nothing is certain about it's price. People from September 2013 didn't realize that it would peak that high. And people of Feb 2014 didn't think it would drop so low.

So anything is possible. 8) 8)

Well, not everybody. September was too early, but once we hit 200 in October some of us saw what was coming. Wachtwoord pretty much nailed it. By Feb the bubble burst was clear. SWIM sold out in December at just over $1000 (the double-top with the falling momentum was a great sign to get out).

That's what we have been talking about for 6 months already

I think chances are about 93% that this quackduck OP is a 100% counter-indicator here. Bitcoin may drop from here but I doubt it´ll be much below 250. That´s the recent support IMO.

Well all the bullishness in this thread is all well and nice, yeah... But chances still are quite high that we, at some point, will bounce off some (imaginary, or not) resistance and fall back into the downwards-spiral.

even if it drops to 160, it wont be that long for getting again at 200+

there are way more high ballers than us who deals in 5-10 bitcoins at a time

Seatbelt buckled.

Ten days...

nobody wants to say what will happen on the 14-15  ??? ??? ??? ???

to the moon ;)

dream on buddy!

It won't be straight at all. It will be choppy as hell once we bounce off 220, if you have a good short hold it but babysit it because things could turn around very fast, otherwise be careful.

this seems more like an attempt to incite noobs to dump, and then  buy cheap coin, instead of a good prediction

sub 200 is long gone, we have casehardened the 230 floor long time ago

The new monthly pivot is at 259 and we got rejected well before. Testing the weekly support at 220 is a very probable thing at this point.

Agree, the trend reversal process has started. It takes quite long usually with few bumps on the way. The important thing is not to sew lower lows and I think so far we may say that. Going back to $200 is possible, but not very much lower than that.

Rejected you say? The price is still in the 250's with a long weekend ahead of us.

I agree with you guys. Bears are doing all they can to spread doom projections, but despite their efforts we are standing strong above $230. There's just no fear in the air, or is there?
http://www.ohmagif.com/wp-content/uploads/2012/03/cat-chasing-away-bear.gif

Date Registered:   Today at 06:50:44 PM
Posted:               Today at 06:55:09 PM

You made a new account just for that single lame post and it took you whole 5 min to squeeze it out? That's just pathetic.

Well, you can discount me from the broken-promises club. I've never said anything was certain, and actually have been bearish since the bubble burst.

Long-term momentum is showing a shift now, at a price where it makes sense. It might yet reverse, but you might also be quite surprised by the results if it doesn't...

If the price reduces to $160, then I guess I will hold my bitcoins rather than selling them at such a low rate. I know that the price will soon go down but I don't want to be negative and I don't mind waiting for it to reach $300 again. Bitcoins have been in the market for more than 3 years so these price fluctuations won't matter much.

well there must be a bottom at the end, the real bottom is the one where the price will hold for most time, current price is a good candidate for this

for this reason i still doubt that we will see sub 200

Don't be so sure of that. Bad news tend to hit us frequently. We could see some exchange completely collapsing and people panic. When they panic, people act irrationally.
I'm actually hoping that we do not see the price go further down. If I could, I'd buy thousands per month. Unfortunately I'm not part of the 'elite'.

Good news seems to drive the price down faster than bad news.

Then wouldn't that mean that so-called bad news is good news? If a major hack or something happens, should we call it good news from now on?

Can you give any example of 'good news' that drive the price down quickly? I am very curious.

without any good reason (postive/negative news) we aren't leaving the 200 - 300$ range in the next weeks

it seems that good news is resulting in a bad price and bad news is resulting in nothing, basically we can only go down, and go up only thanks to whales's manipulation


when microsft started accepting bitcoin, i recall that the price went down(the famous drop under 200), the same for other major companies(dell, newegg ecc...)

I is really funny that when we have some really awesome bitcoin news: like you mention Microsoft acceptance, big hardware online store acceptance or something like that price of bitcoin is not rising at all, and as I recall in these cases it event went down a bit. But from the other side when we can even SLIGHTLY disturbing news: like when that ultra tiny chinese altcoin exchange got hacked last month or so, price of bitcoin went down momentarily. What a pessimistic bunch we are...

But the shit news like Gox, China's endless ban etc directly affected people holding coins right now. Most of the 'good' news is laying foundations for the future, not really doing much in the here and now.

However there's no denying that the market absolutely adores a good panic.

You guys do realize that those companies do not hold Bitcoin? The more sales they have the worse it is. They instantly just convert to fiat. That's one of the problems of today.
Although you're right. People here tend to be pessimistic and panic often which hurts the price.
The real question is can we change anything about it?

If the main content of the 'news' is only a future thingy, without much real stuff that is already done and ready to use then no wonder it has no real impact on the price. Meanwhile the attack on an exchange is quite real money that is lost, and moreover is directly affecting the trust in Bitcoin.

if they sell someone must buy, the problem aren't those big companies selling like mad, but the buyers which are lowering their walls, and the fact that there are few strong buyers out there, the rest are just scared newbies

Must? No they don't have to buy. You do realize how Bitpay works right? If they sell more than people are buying the price is going down.
I'm actually disappointed that these large companies do not keep a percentage of the Bitcoins that they receive. They're financially strong, they could do it.

how they can sell more then people are buying if no one buy? you can't sell more if no one is buying what you are selling...my point is that there must be always someone who is buying what you are selling, not talking about the price, so we could be tanked to $1 already...

anyway the price is tanking not because they sell more, but because buyers lower their walls, if they see much selling pressure or because there are not enough buyers at the highest wall value

Your is only a supposition, and as supposition it could be true but it could be false (this is normal). However I don't think the bitcoin price will drop to 160 dollars, if it will go down I will buy (for sure) 300-400 dollars of bitcoin, because I think the price will go up after the next block reward halving.

I hope all this speculation will end one day, and the price will be more stable than the previous years (and also of this year).

The reason we have so many posters in the speculation section of the forum is pretty obvious. So far there is not enough deployment facts, just the speculative news about what can be done and who is interested in Bitcoin. Such speculative fuel was behind the last two bubbles and may create the third one as well. But if we look for a stable rising trend, we need to have better adoption than so far. Without that, it is only speculation.

Pretty sure it will not be  below $160 in a week.

As soon as we went below 200 there was a flash dump down to 150 during the last major crash. If we go below 200 again it's possible we go below 160 in a week. I'm not saying we will go below 200 but if we do things could crash very quickly.

just for the sake of speculation: fundamentally not much changed (regarding mass adoption) in the last 2-3 years. Thus it is not improbable to say that the price may revisit the same levels as 2-3 years ago due to the same fundamentals. Just saying.

Already a week gone buddy. Shit better hits the fan before 14th or this will be yet another failed FUDfag.

 No way we will be 160 by 14... game over for OP.

https://i.imgur.com/Px72iwr.jpg

So what do you say? Maybe 200 first.

260 first. Why 200? It doesn't make much sense.

This really looks like a shorter's chart. Green candles indicate the price going down? Reminds me of a bizarro-type of chart. Guess this is the tarmi-theme :D

He already sadly is...just checks his topics and posts he is trolling and spreading fud everywhere..

"2 week target $160"

http://cdn.meme.am/images/300x/9794307.jpg

Only a few days left OP ... We are waiting

Yeah colors are inverted, pretty weird to see.
Anyway, OP is running out of time, unless someone wants to dump a couple million dollars before 48 hours lol.

Highly improbable. Someone who would do this is either plainly dumb or stupid. $160 is kinda far as of the current times. Support is still holding on.

A single whale wouldn't be enough to crush the actual buy supports on that area. It would take several whales and panic sellers following in.

And also, even if the whale dumped a big load, the price will soon recover because most of the traders do have a buy order in sub-$200. Even if we reached that level, we will not remain in there for too long because the buy pressure will always be there, considering that the coins are cheap.

many tend to forget that support is also consisted of many whales that sold at the last good pump(300), all those guys are now supporting the 200 barrier, it will not fall to sub 200 ever, unless they want to

maybe it will happen in this week price under $200

Kwuk where have the days of you supporting Bitcoin gone lol prices at 160 are not forseeable until a month at the earliest according to my analysis

Kwuk's going to miss the deadline by a few weeks. But, bitcoin's march to $160 continues...

How often do you make a new sock? My guess is somewhere between 2 and 3 days.

Kwuk has failed, so will Kwuk under "farting_shot" and all your other accounts will fail. Just give up buddy.

Yea i fail totally.. being right about this thing sinking hard all along...
We are dropping a steady 3-4% per day and it's only accelerating.
The past few days have clearly shown there isn't even a small chance of recovery.

Drug addicts are bad, but bitcoiners are a whole new level of denial and cognitive dissonance.

We'll see about that.