Bitcoin Forum

Economy => Speculation => Topic started by: im3w1l on November 20, 2013, 12:55:09 AM



Title: Testing the 500 support
Post by: im3w1l on November 20, 2013, 12:55:09 AM
To break or not to break


Title: Re: Testing the 500 support
Post by: im3w1l on November 20, 2013, 01:03:42 AM
And, it's gone


Title: Re: Testing the 500 support
Post by: pera on November 20, 2013, 01:06:42 AM
support at $500? but 500 was just three days ago  :D
400 would be more realistic for a serious bull...


Title: Re: Testing the 500 support
Post by: wobber on November 20, 2013, 01:28:21 AM
Still, price is insane. Dropping and climbing like that is not healthy.


Title: Re: Testing the 500 support
Post by: favelle75 on November 20, 2013, 01:32:15 AM
I need 270. Will support hardly bellow. :)

I'll let out a hardy bellow at $350, tank you very much.  ;)


Title: Re: Testing the 500 support
Post by: proudhon on November 20, 2013, 01:38:06 AM
Still, price is insane. Dropping and climbing like that is not healthy.

Is everyone's memory really that short?  People said this when it went from ~$1 to ~$0.5 in spring 2011.  And again in the summer of 2011.  And in 2012.  And early 2013.  Hell, I was one of the most obnoxious ones saying it.  The fact is, volatility like this will be with the bitcoin market for a long time.  There's just no way around it.  Coins need to get more widely distributed and there need to be more services accepting bitcoin.  It's going to take a long time people.

This level of volatility is frustrating.  But, it's encouraging that so far the bitcoin ecosystem has been able to bounce back from it.  I'd say that's a sign of health.  We're growing.  It's going to be painful.  But more and more it's looking like this whole experiment has what it takes to stick around and be a major system for global commerce.


Title: Re: Testing the 500 support
Post by: FlipPro on November 20, 2013, 01:42:24 AM
Still, price is insane. Dropping and climbing like that is not healthy.

Is everyone's memory really that short?  People said this when it went from ~$1 to ~$0.5 in spring 2011.  And again in the summer of 2011.  And in 2012.  And early 2013.  Hell, I was one of the most obnoxious ones saying it.  The fact is, volatility like this will be with the bitcoin market for a long time.  There's just no way around it.  Coins need to get more widely distributed and there need to be more services accepting bitcoin.  It's going to take a long time people.

This level of volatility is frustrating.  But, it's encouraging that so far the bitcoin ecosystem has been able to bounce back from it.  I'd say that's a sign of health.  We're growing.  It's going to be painful.  But more and more it's looking like this whole experiment has what it takes to stick around and be a major system for global commerce.
I remember Proudhon :D


Title: Re: Testing the 500 support
Post by: porcupine87 on November 20, 2013, 01:50:37 AM
On Gox there are over 10 000 btc on buy until 500$


Title: Re: Testing the 500 support
Post by: im3w1l on November 20, 2013, 03:37:09 AM
And, it's gone
Nah, not really yet, it just went to 480 and then back up.


Title: Re: Testing the 500 support
Post by: pera on November 20, 2013, 05:36:45 AM
So...


Title: Re: Testing the 500 support
Post by: 2double0 on November 20, 2013, 05:55:08 AM
Itll crash till around 300 maybe?


Title: Re: Testing the 500 support
Post by: bitcoin carpenter on November 20, 2013, 06:04:20 AM
I'm guessing 3 maybe 400 bottom
It seems like yesterday though when 140 was the ceiling