Bitcoin Forum

Most permabulls are talking about moon these days because of GBTC and kncminer ETN, i say they are just more ways to sell-off.

Sub 200$ incoming!

People are saying about sub 200 since the last sub 200 time, and no sub 200so far.

And I see nothing that might indicate this time we will reach sub 200

I might be a bit premature, but I am sure you are welcomed to the list.

Please add some reasoning to your statement, so at least we can discuss. This is purely FUD.

yes I also clicked this link, actually hoping thered be some reasoning behind it but no, its another newbie spreading fud  :(

Implying you've been around these parts for awhile.  How about you post from your normal account.

I believe manny of the top FUD-spreaders have been banned by now, actually. They have multiple accounts by now, that's also one of the reasons why so many new accounts are spreading all the bearish FUD these days, I believe!

No kidding, guess who? It's so tedious setting up all these new socks that will be ignored right out of the gate, that the throwaways need to come out on some stupid shit right out of the gate. Either that or new payment terms for basement chop.

OP is shorting and is making threads because he is underwater.

Someone opened a few thousand BTC shorts on bitfinex today and suddenly the forum starts getting flooded with threads from new accounts about how bitcoin price will go down:

http://bfxdata.com/swaphistory/btc.php

In reality price seems pretty solid so if they close their shorts without the price going down they will lose allot of money due to slippage (eg. if you try to buy 3k bitcoins, the price will go up to 345+ due to thin amount of bitcoins currently listed in the orderbooks.).

Leveraging makes you do crazy things

Why waste time creating an account just to say we are going nowhere but down with no arguments at all?

Poor guy (OP) is shorting. please have some sympathy. They may have lost allot of money.

This thread may just save them and turn a likely loss into a profit. Please dont take a dump on the straws that they are grasping at.

Queuing that Chris Rock episode w/ Rick James, "Leverage is a helluva drug." Or thereabouts. Now is not the time to short like this. If anything just sell coins and buy back lower if that's your MO, don't get bent over a barrel on leverage. You won't live to fight another day in this testy market that's going to change soon.

Very wise advice.

Also we understand that markets go up and down and people may lose money, but please for the love of god stop creating useless threads like this one...

We are sorry for your loss! Now please stop making shitty threads on sock puppet accounts!

I know first hand how strong that drug is! I dont think i slept a full night for a few years when I traded currencies.

Yeah, I believe we all know who we are talking about :D A young sheep, right? I don't even think he's invested in any way... Don't even think he's getting paid for that, either. I believe most of them are just convincing themselves that it's better to not get invested - they fear risk. (Which is okay, but why don't they just keep that to themselves)

Yeah but most of the trolls opening new threads on this board don't have anything near that kind of money, I'm pretty sure. It's the other way around, the shorting/selling took place, their alarms went off, and they started to rejoice and post those threads.

Sub $200 might happen for a very short time, but don't think many large traders will risk their coins with trying to trigger panic sellers to sell as the halving is getting closer.

I think the price will dance between $200-$250 for a few months before advancing to higher levels. Basically there is no reason for sub $200 anymore.

Im not agree i think sub $200 will happen in two month again. Will see it will happen or not, because i see chart seem like going down and when sub $200 happen its hard for bitcoin price will up again

If we indeed go below $213, and subsequently even $200, we need to quickly form a double-bottom at our last low we made in January. If we fail to do that, then it's panic time. We'd be in the $150 then and start to hurt the whole Bitcoin ecosystem.

That was basically what was attempted on finex and okcoin last night.

i do think we'll see sub $200 this month if not, surely next month. sell pressure is too strong. buy orders won't hold much longer. my prediction is a low of $190

Too many players are in now. BTC is ENORMOUS! Don't fool yourselves. There's simply no turning back. Buy now or miss your last chance

20k coins dump was not enough to bring prices to sub 230.

I wonder what kind of cataclysm would cause a sub-200 drop

That wasn't a 20k coin dump. One of the buys actually sent the price above where the dump started on finex. It was also precipitated by major errors in display and functionality on the exchange, disrupting the market. The show of strength was in not soiling the sheets in reaction to that.

Everyone thinks that news controls the price of bitcoin. It doesn't. I agree with you on that part.

However, from a trading standpoint, under 200$ isn't likely. Possible? Definitely. Just not likely. The charts show an upcoming end to the super downtrend we went through in 2014 to early 2015.

Speculation and exposure will bring more bubbles, whether or not the currency is worth it's bread. I would argue there is a bubble building now, possible double bottom completed, and "bitcoin" Google searches are up to levels not seen since late 2013.

So obviously I am bullish, at the moment. I am one of the people who think bitcoin is the best money we have ever seen, however, I do not believe that affects price in any way. Everyday people need to adopt bitcoin for it to have value. If we don't see rapid adoption within the next few years, I could see under 200 easily.

I think 20k coins is enough for dump price.
Because some people was thinking want buy coins now, they waiting price under $200.

no one in his right mind will dump 20k to force the market to go sub 200, to assist at a fierce purchase that it will bring it above 200 again, it would mean going full retarded

I guess, majority is waiting for that price