Bitcoin Forum

Hi guys -

Just like to add a prediction for the price. Based on recent price movements, I think that we are going to see - over the next 2-3 weeks - a further sell-off in BTC, to below the 100 level.

I see the price stabilizing at around 90, barring any bullish news.

That's my prediction!

Cheers!

I've been buying in very small chunks recently. Probably won't be buying more - unless the price dips to $90ish or lower. Definitely not selling at these firesale prices, however: lots of potentially bullish background news is brewing. I predict a minimum of about $400 by Juneish next year.

And I see large buyers showing up once the asks build up. They were hungry as fuck before..No reason to think they're still not hungry.

Wait for it..

http://bitcoincharts.com/charts/chart.png?width=800&m=mtgoxUSD&SubmitButton=Draw&r=1460&i=Weekly&c=0&s=&e=&Prev=&Next=&t=M&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=0&p=0&
http://upload.wikimedia.org/wikipedia/commons/thumb/4/4b/Stages_of_a_bubble.png/800px-Stages_of_a_bubble.png

I can't post it nearly enough. ;D

Doesn't match up at all...

Regretting not buying in yet?

Gox withdrawal issues have prolonged "denial" stage many months. The net effect will be a much longer and deeper capitulation.

lets just hope it happens before http://money2020.com/

Here is some help  ;)


https://i.imgur.com/cGbcrgH.png

lol, do not be naive.

I'm not saying it will happen, I just wanted to help him see how they align, as he said 'doesn't match up at all' when it clearly does

Hahahaha we aren't even into institutional investor phase yet you half-wits.

Greenwald or his boyfriend will release new information soon that will be the final demise of bitcoin.
Probably one specific document between those 50.000 where clearly talks about Bitcoin & NSA.

Bitcoin will probably go to 0.1 zimbawaean (??) dollars. I am bullish though after that.


j/k :)

Your signature reads:


Are you ready for a punch in the face? Cause it's gonna be a kick in the nuts.

I do see a head and shoulders pattern forming so that would be about a 20 dollar drop from here. Capitulation? lol

Capitulation = (1) acknowledgement of previous bubble (2) admission that bitcoin is over-priced and (3) extreme skepticism by almost everyone, including mega-bulls, that price will climb up steadily and/or a new bubble will form.

Suppose we flash-crash to single digits within 24 hours. This is not capitulation. The crash is too quick to dry up all the fiat. Enough would remain for an immediate flood of buys in anticipation of a reverse flash upward, effectively forming a new bubble.

Real capitulation will come in one of two ways:

(1) very very slow ride down, lasting months or maybe years; or

(2) flash crash to single digits or cents, and price remaining within that range for months or maybe years.

Pick your poison. One is most definitely on the horizon. I'm leaning towards (2) but only if we see repeated flash crashing over shorter and shorter periods. This will quickly dry up any remaining fiat sitting on the exchanges and discourage new depositors.

Not going to happen. Heck even politicians are going to start getting bitcoins for their campaigns really soon (2014):

http://www.bloomberg.com/news/2013-09-05/bitcoin-and-politics-what-could-go-wrong-.html

Since when did you become such a megabear Walsoraj? I thought you were the opposite of Jaroslaw but it turns out you're even worse lol. Anyway I see no reason for a real capitulation anymore, I really wonder what has transformed you from megabull to megabear. Both are delusional ofcourse. :P

Any doctor will tell you that is not good to have the head downwards for so long. He is probably confused.

I was overcome by the force of pure reason.


And I sold by coins.

Always fun to read people make wild predictions on the price based on just how they are feeling.

In the tech world, I'd consider venture capitalists "smart money" rather than "institutional investors."

If the Winklevoss twins' ETF or the Coinsetter hype come to pass, we'll see institutional trading (market making and arbitrage, not necessarily investing). After that, mutual funds and such - that's institutional investment.

It won't be smooth.

We'll see.

lol

You can come to Vancouver and try to punch me if you want BRAH

If I came, I'd be too busy checking out the women in Vancouver to bother.

;D

We'll see OP is right.

I doubt OP is right, the ebay thing alone would suggest bigger demmand for BTC, not lower

Could be a bear trap. Bitstamp currently has positive money flow while Gox has negative money flow. Interesting because the StochRSI now indicates they are both oversold. It seems Bitstamp is Bullish and Gox is Bearish.  Bitstamps "positive money" flow is larger than Gox's "negative money" flow; Seems like a battle between exchanges and looks like Gox USD volume is about even with Bitstamp atm, so Bitstamp may take the bullish lead. It will be interesting to see which way we go.

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=90&i=Daily&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=21&a2=&m2=3&x=0&i1=CMF&i2=&i3=StochRSI&i4=&v=0&cv=0&ps=0&l=0&p=0&

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=90&i=Daily&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=21&a2=&m2=3&x=0&i1=CMF&i2=&i3=StochRSI&i4=&v=0&cv=0&ps=0&l=0&p=0&

Yep, this hits the situation we are in right on the button.

https://i.imgur.com/rN8o2.gif

That is because you have nothing insightful to offer and choose to instead copy and paste an overposted image without providing reasoning for your predictions.

We are done with "despair" and will see another peak soon.  Granted, the process will probably repeat itself a few times before we get to a more stable point.  ;)

I have nothing insightful to offer in overly monotonous shitposting threads without providing reasoning for my participation.  At least I'm not alone. :-*

If you are so bored with these threads, why do you keep coming back?

I enjoy the attention I guess.

or no life.

Could be better, but complaining is besides the point. I'd argue that the people who attack me in that manner are even more pathetic.

Maybe. But what if you're wrong? In case you read the direction wrong, would it not be of some benefit to dollar cost average? One could argue that regardless of direction it would be profitable, in the long run. Unless the price doesn't move at all. How likely is that?

bubble is over, returned to mean: https://bitcointalk.org/index.php?topic=292175

Zealots are never awesome.

Says the bear zealot.

Right I regularly write stuff like: "OMG nsa backdoor in SHA-2 all your coins are now worthless!11"

Truth.