Bitcoin Forum

I really never expected to see another crazy price rise like this again so soon.  I think that $175 might be where alot of people decide to dump coins, especially if they missed out on selling at $180+ last time round. They won't want to risk missing the boat a second time. 

I predict This will followed by a crash to around $70 - $80.  I think we will then see a series of gradually reducing bubbles and pops over the coming months until the price stabilises around $140.  Once its stabilised for a few months we'll finally see some major retailers accept bitcoin and then lift off begins.  ;D

This poll needs higher options.

this is relatively on par with my projections. well done.

Done.  If anyone is brave enough to hold beyond the previous ATH when there is far less hype than before then they must have balls of steel.
(I realsie this has mead eit look like 15 predicted $250...they didn't they just predicted $250+ as that was the highest option available at the time).

179? 219? 289?

Hmmm.

I dunno...

Maybe not past it, but who knows where the bubble would've ended if it hadn't popped?

I reckon there's actually more interest now that before the bubble.

If you saw the interview with the Gox Ceo, you could see that the money is there.

Yeah.. this poll is pretty off now  :P Is there a way to reset it?

250$ really ?  ::) ::)
This is full of April newcomers.

Projections?

Are u kidding.

Lets face it we're all gambling

I believe that the price is being manipulated by people who don't care about the long-term success of Bitcoin. I believe they will continue to induce wild and unexpected runs and crashes in order to create panic buying near the top and panic selling near the bottom.  They scoff at the true believers as they rake in their profits.

I believe the only way to accurately call the tops and bottoms would be to be priivy to their plans.

I also believe it is possible to profit from their artificial volatility by gradually selling all the way up, and using that fiat to back buy orders at lower prices on the way back down. For example, sell at $160 and place a buy order for slightly more coins at $150.  Repeat every few points.

In order to succeed at this strategy, you must not buy in a panic when it seems the price will never crash again, and not cancel your buy orders in a panic when it all seems to be falling apart.  Their goal is to make you panic and lose money.  You have to be smarter than they think you are.

Hey I voted when it said 250+ as did many other people. Now it just looks like we all voted 250, hahaha.

Which is likely to happen

What is likely to happen?

Correction at 250 and not more.

There is no boogeyman.

I'd imagine it will certainly hover around that general price, but I don't see any super repeat of the crash/correction from early April. We're bound to have more 'flash crashes' that we've been having over the last 5 months.

Come on bears, grow some balls. It is not "correction o'clock" every two weeks. You had your correction already, you should have made the most of it while you had the chance.

Only correction upwards at 400$.

the pattern is: higher than the latest one

under the notion of "fool me once, shame on you... fool me twice, shame on me"

A lot of people just lost a lot of money when they panic sold on the way down.. only to see it bounce right back up..    

Not everyone will be so quick to panic sell again below the previous ATH...

I think we are going to shoot past 266, and that will turn out to be a very strong support level for the next crash.  

Sigg

By day trading like that you are enabling the manipulators you speak of. Just hold your coins and you are keeping the price more stable.

Yes, exactly. A correction is not the same as a crash. The next correction could be from $250 to $220 or from $400 to $350.

These flash crashes don't seem to change the overall up trend. The previous correction has indeed been completed, there probably won't be another crash in the immediate future.

I only just caught up properly onthe paypal news.  I'd revise my estimate to 195 before a correction now.  I think theres a real psychological barrier to going past 200, this month at least.

Why no 4-digit options?

I think next major correction (to below half of pre-crash rates) is gonna be somewhere between 1000 and 2000 USD.

I think the options are way to limited, I think this range is less close minded.

• $150
• $250
• $350
• $450
• $550
• $650
• $750
• $850
• $950
• $1000+
• $1,000,000+ (lol)

For the record I chose over $400+, if the price starts to dramatically climb again I see people hanging on watching the numbers climb then a massive dump/BTC giveaway ;) will occur when a tiny blip occurs in the rise lol. I am to layed back to care either way, I am confident that my coins will be worth a lot in the future regardless, I am to layed back for panic exchanges.

aaaaaand we are in a correction.

It's funny, I get more nervous when BTC is climbing than I do when it crashes.  I feel we should be at $110 - $130.

Is it fair to give the $165 voters some credit then?  Or has the correction not been big enough to warrant that?

So in your "no price manipulation" scenario, who placed the 5,000 BTC market sell order that started the crash, who performed the DDoS attack, and was it purely coincidental that they occurred one right after the other?  And what was the purpose of the DDoS if not to induce panic selling by the person who started the crash?

It seems more likely to me that the two events were organized by some individual or group in order to achieve a common goal, presumably to crash the market in order to sell high and buy low.

However, I am open to alternative explanations.

I don't understand.  I don't have enough resources to have a major impact on the price, but logically it would seem to me that the little trades I made today should have served to slightly reduce volatility, if anything.

I've been selling 1 BTC for every three points rise in price.  After the sell orders execute, I place buy orders 20 points lower than my sell points.  When those buys execute, I place the original sell orders over again.

It would seem to me that my sells at 129 through 165 should have slightly helped to cool the rally, and that my repurchases at 142 and 145 would have helped slow the correction.

How can selling during a rally and repurchasing during a correction increase the volatility?  Please explain.

Whether it's caused by market manipulators or some natural forces unknown to me,  the volatility in Bitcoin seems to be here to stay.  I would think the true believers would be eager to use their coins to reduce the volatility, especially when you can turn a little profit in the process!