Bitcoin Forum

Bye bye $440's.

The price is amazing I expect it to hit 500 soon maybe even 800.

Dont get too cocky tho it could tank any time a new craig wright is named satoshi...

We still need to test $440 a few more times to be sure it is the bottom. If it is established, the price will rise fast.

Holding strong.

$440 is the bottom until it is not.

I do not think we will see 440 anymore this year as the halving is fastly approaching.  ;)
It can only go up from here guys.

for the time being, the $440 is the bottom. but we will know definite in June or July or just after halving.

Well I have to eat those words since we are there again  :-\
But it is not going down it is just staying right at $440 so that is the bottom  :D

This is all due to current DAO token hypes making eth soar in trading as eth is must to buy DAO tokens lets see how market will react when trading for DAO tokens will start.

$440 has never been a bottom. even $400 isn't a real bottom. people like to think that the price will never go below a certain price level because they are invested. i am sure that if they look at things from a realistic point of view that they will realize that there is barely anything keeping the price away from sub $400 prices, even now. literally no price level is safe. and even if some price levels get "supported" with solid buy order created by bots, it's not what it seems. bots will in 99% of the times pull back their support as soon as the price comes very close to their trigger levels.

You are quite right as I just checked it is $439 so that $440 bottom that I just said only an hour ago has just crumbled. So I agree with you. No price is safe at this time.

the price right now is under $440 in some exchanges. I do not understand why there is a big gap between bitfiniex and coinbase now (more than $10) ! but I do not consider the price break the level except it does in all major exchanges

Coinbase has a very low volume.Therefore this exchange is not really relevant.
Bitstamp, Bitfinex, Kraken, and the chinese exchanges are the ones you have to look at.
Possible that we could go down to $430 to $435. But Eth is almost at the top imo. These are the last attempts to shake out the weak hands.If you sell your BTC now and switch to Eth your would be really dumb. If you have some spare money left this might be a good opportunity to buy a bit more Bitcoin!

This is called one step back before next jump.I think it is quite possible to see a temporary price of under 440 $ which will be last time under this level.Once it will begin to rise again then 440 $ will be part of history and will be remembered as bottom.I think it is normal up/down before boost.

Hello 430s :'(

It coming closer now to that. Last I looked it dropped $2. I think for the weekend perhaps. Lets hope it is that  :-\
So it is $437  :'(

We don't need to worry even if price drops, as in coming time price  will start to move up, and having will take price to a higher level.

Bitfinex dropped even to $435.1 and I believe it will go even lower than that in the coming 24 hours.

Chinese exchanges however refuse to follow the downside road as they are like $7 to $8 higher than all other exchanges.

thats true in my opinion, bitcoin price will be way much higher pretty soon and it will surely reach new heights during the upcoming 2 months or so as the block reward halving will happen

in my opinion the bitcoin price might even reach the new all time high this year because people will surely hope to jump in and start making as much money as possible

Price is back to 440 but for how long? At this moment it doesn't seem it will hold that price long if you ask me. Before the end of the week the price will be at least back to 430.
That is offcourse if we can't manage to have enough buy support.

I didn't see it go to $435 as bitfinex is not a proper way to watch the price. I trust in bitstamp price to be a standard across all boards to go by.

Just browse through the various orderbooks of the major exchanges. You'll see that there is no buy support at all anywhere near the current prices.

This is needed to get the price back to $400 on various exchanges.

Bitfinex ~6500BTC
Bitstamp ~2600BTC
BTC-E ~2800BTC

So you see it going back to $400 from this information given to you by the other exchanges?
I just don't see it. If they can also give a time when this is happening that would be more useful too.

Bye bye, 440, be welcome 430! But 400, you are the next invited to this party! Now the question is what is going to be the next support level. I have read about $200 again! It might occur? It's just a matter of time.

Bitfinex is the top exchange that the majority of the people look at.

Bitstamp has lost a lot traders and interest from people as it is falling behind without stopping.

Just FYI, even Bitstamp touched $435 today.

So you are saying that I should be following the price that bitfinex is giving to sell my bitcoins for?

It all depends on the trading sites that you will execute your sell.

If you are in bitfinex then it's obvious you will follow the price there.

If you are in other exchange site or will use any services to convert  your bitcoin to fiat, it has it's own rate of bitcoin to usd exchange.

there will always be some differences between the price of bitcoin in different exchangers, you should choose an exchanger based on other things for example if they are legit or have good trade volume also based on their deposit and withdrawal methods for fiat.

Eh, anything could happen. We could hit $100, $250, or even 1k. It all depends on supply and demand.

I also expect the price to hit $500 any time soon now but not $800 that is just way to high. I predict that the price has to hit $500 in at least 2 months if not then that means that the halving has come in.

I didn't say the price will go back to $400 at all. I was just pointing out how weak the support on all exchanges is by showing how many coins there are put up as being support.

realistically it will most likely not go below $300 this year, but that doesn't mean the price will not try to test the lower $300 price levels. bitcoin will never stop surprising people. weird things can happen with enough panic going through the markets.

That is nice if that will happen but the most people are hoping that the value will be higher soon and that is perfect for the people with Bitcoin.
But you also need some making investment to earn profit in the future.

Ah, I get what you are getting at now. Yes because I agree with you there. There just isn't enough in the way of support on any of these exchanges. I do hope this can change in the future so we can have stability on all boards when it comes to a determined price from day to day trading.

I do hope we get back up to ~$470 soon.

 ::)

When it does take off, $470 will not be a level to hold it back.  :)

That is nice if that would be the bottom because you can see that the halving is coming towards to us and that is perfect for the future and people with Bitcoin.
But it is really hard to know that you can make some more money with it but we have to see and wait.

That was the barrier for a long time but we have passed that and the price is up to $500. With the price at $500 I think that people are going to sell some coins in order to make a profit.

Bitfinex is somewhat of a benchmark exchange when it comes to the price, but that doesn't mean you should just focus on that exchange if your exchange of choice is Bitstamp.

I for example use Kraken as my exchange of choice. I use it to sell and buy at, but if Kraken for example is $5-$10 lower than Bitfinex, I prefer to wait till the price of Kraken comes closer to Bitfinex as it needs to catch up.

There are some who think current levels are a peak, before we descend again.
I am not one of them.  :)

300$ ? really man no i don't think price can go down to that level with upcoming halving lots of other news like you may see short term rise after DAO token distribution get over and those tokens come into the market.

The value of the Bitcoin seems not stable and that is not that bad and the most are also thinking that the value will be more worth so that can be nice for the people that is already waiting for a price increase.
It is still hard to know what will happen because it is a currency it is really hard to know what will happen.

 :) ;) ;D :-*

the new bottom is $440 these days although i have got this feeling that this bottom is going to change soon and give its place to another price which is also higher thatn that.

The hard thing of gambling is that it is impossible to predict for what will happen with the value and that is the problem so sometimes you dont even know what to do.
But the halving is coming and you also see now that the price is rising slowly so that would be really nice for the people with already Bitcoin.

Looking like I was pretty darn close...  

Call masta, hehe

that is very good prediction. The price is around $743 at the moment. I think the recent big rise is due to the long consolidation.

I agree we trended around 220-240 for a very long period of time.  Bought a few coins there.. was pleading with two of my friends to buy but they were "waiting a bit" now both are like .. shit..

I bought some when the price was around $400 early this year. I thought that was a good price to buy.