Bitcoin Forum

It will happen. Concern is quickly going to turn into panic.

Thank you for your professional opinion.  Will take it into consideration.

If it goes that low it will have hit full capitulation, the end result of that is usually a complete wipeout.

fudge yeah, that's why i'm here :D

Sounds like an amazing buying opportunity. Nothing has changed with bitcoin except that people who thought its future was mostly in China are now crapping their pants with fear. I never thought China was the future of bitcoin -- it's a Communist country with an extremely authoritarian government. America, Europe, India, the Middle East, and other parts of the world will be more than happy to buy cheaper bitcoins from the unfortunate sellers who thought this revolutionary new technology was just a quick speculative pump-and-dump driven by China.

Actually I heard it is going to $0.01, so everyone sell right now and jump in when it hits that number.   ::)

"Be greedy when others are fearful."

No problem. Naturally, I'm speculating. Doing exactly the same thing as 99% of all BTC holders.

We're just about all equal in our professionalism at this point.

Bitcoins are going to stabilize in the double digits. It was $13 in January, anything $20-$50 is a good price for a 100%-500% increase. You can't expect huge gains like this to be sustainable.

In reality $5 would be a good price based on current utility as a currency. Might shake out all the speculators at least.

Using reason, no, you shouldn't.

I was speaking to a friend yesterday who was convinced BTC can grow infinitely. A lot of people here are thinking the exact same thing. Mass delusion is what this is.

When btc-e is higher than mt gox... you've got a problem

Next week would be perfect for $100, I get paid then, will pick up a couple more BTC.

I sold 0.5 bitcoins at 750$ If bitcoin goes 50 i 'll buy like 7 of those  ;D
I don't think it's going to happen though. 500 maybe but 50  ::)

It might happen today folks.

I'd rather have btc more or less stable at 5$ than this bloody mess.

You're wrong...

Bitcoin will crash to $30.

http://www.londonlovesbusiness.com/business-in-london/investment/alessio-rastani-why-bitcoin-will-crash-to-30/6149.article

If nothing else, at least these threads tell me who not to listen to. Keep on keeping on or whatever.

Nah. I dont think the crash is over, but I'd be surprised to see below $300 anytime soon.

how many bitcoins do you wish to bet? (escrowed)

are you EM's alter ego? who pays you to post on here?

That's why we have an IGNORE toggle on the left under their name!  :-)

I reserve that for especially obnoxious people. As annoying as the specimens in this thread are, one must know faulty arguments to be able to deal with them.

Referring to people as specimens is enough to qualify as especially obnoxious in my books   ;D

Seriously? A crash to $30? Not 35, not 25 but 30$...  ::)

Oh my, it looks so possible after it just touched 550 on stamp.

i don't see $100, but possibly $300. we'll see! it should be an interesting weekend.

it does look like it will fall to $200, given the current downward trend.

In my opinion market will stabilize at $150-200 price point.

IMHO $450  :)

100$ ? I would also say 450-460 should be a good target for buying.
100$ would be a christmas gift for all but also does damage to the mid-term trend.

I noticed a typo in the TT. $100 should be $1000  ;)

It will keep dropping. People would have already been trying to buy up 'cheap' coins at $600-$700, but they're not.
They will continue to wait until it bottoms out at around $100.

Not going to have the same drastic effect of April due to . 1)Lack of Blockchain forking 2) Lack of Exchange Singularity 3) Lack of Additional onset panic from the prior two concerns.  We didn't have a blockchain split, we had a whale dump 5000 coins on a low moral day, with misinterprited news and he dumped 5000 more after the ending of the GoxLoop™ and was able to get his coins back +40%... dont let the dream drive you to greed. 

https://bitcoinaverage.com/#USD

See all those places where the squiggly line is going up? That's people buying.

Yeah, it'l blow over within a few weeks. Might take a while to get back to the old levels if china really is backing out, but personally I can live with a tenfold increase every year instead of the 100fold we had until recently.

I wonder where all those die hard hoarders are... You know the usual ones that started screaming "Panic sellers are idiots more cheap coins for us".

Here are your cheap coins. Why don't you buy?????  :-[

While I'm not one of those posting about "cheap coins" usually, I did buy some now (although I didn't have much fiat at the exchanges since I'm mostly holding and already have some coins in cold storage) and don't regret it.

OP is delusional...

he/she wish to buy our coins CHEAP... don't let him/her


i think hes a she or shes a he...

:D

It's amazing how people shit their pants when this happens...lol

Buy in @ intervals and sell @ intervals.

I did at 720, I consider it good price. But I sold at about 1000, that why 720 is good price for me

Bitcoin is mass delusion.

Anyone who denies this is fully taking part in it.

I 'm not talking about you. I 'm talking about hoarders. You look like you are day trading.

funny thing is that your username is bitbeg... what does it mean? ur begging for bitcoins? lol

Because it upsets the hugbox.

I personally dont think we will be seeing either price anytime soon though.  Right now. I'd be surprised if we saw below 300 for any significant amount of time.  10000 is a pipe dream IMO.

Care to narrow that down just a little more?  ???

Because you are on a forum about bitcoins and pretty much everyone here believes in the coin's long term value. (Some may speculate in the mean time but i think they are into bitcoin as well)

Next week?

Probably 700- 1000, possibly 600-1100, long shot of <500 or ATH.

12m+ coins even at 1k USD is still chicken feed in the global market and just as susceptible to pump+dump as any other cryto.
only time and an expanded market will give us a stable value of coins, until then its gonna be a rollercoaster

Do not forget to buy back. Train is leaving. :-) Choo Chooo MOFO

I've you have been around for a while you might have noticed that the bottom of each crash is higher than the peak of the previous bubble. So below $300 is unlikely.

Also it makes more sense to use a log scale when buying/selling bitcoin.

http://bitcoincharts.com/charts/mtgoxUSD#tgMzbgEzm1g10zm2g25zi1gRSIzl

Price per BTC or mBTC?

Nope , what you are doing is called spreading FUD.

Well , rptiella called the 300k price and we all know what he was labeled :)

$100 very soon.

on bitcointalk.org, everyone is a superpro genius economist/investor.. until they are not.

I thought this thread is from early 2013, but wait, OP posted this prediction today  :)
$100 next week is as unrealistic as ATH next week  :)

I certainly hope so. My position could use an influx of cheap coin :)

I would be quite worried if we saw $100 again.

I would buy at 100. It's I can't see it getting that low.

I think I can.

The reason $100 is unlikely - only a factor or 2 more likely than $0 (which you might think is likely, but that's another story) - is because when the price was $120, Second Market started taking investments that could not leave the market place for 12 months. Tens of millions have gone into the market that can't come out for a long time.  Meanwhile the rally has attracted ten of thousands of investors and traders into the market. Every one of them would have to leave along with $$$ that was there previous to $120.

So unless someone just wants to dump 100k coins on a market order, which would never happen for obvious reasons, $100 is prettu unlikely unless we pass it along the way to $0.

Meanwhile 10k is only about 8.5x the ATH. And BTC went up about 60x in value this year.  So its not unheard of.

People have trouble with the exponential function. Used to call $100 crazy and unsustainable too.

BTC could well now be into its stabilization phase.

This is where there have been enough coins mined and the prospect of getting the rest wills start to look like the preserve of the few deep pocketed miners. Most will abandon mining as it get harder and the investment goes up. They are costing more to produce.

If this is a phase with BTC finding its true price, then the speculators will make a lot more money, both BTC and other currencies.

After all, what is value and wealth. Are you thinking short term or long term?

K

I bet Alessio Rastani feels like a f#cking retard right now!!!! The worst thing about traders is when they try to be f#cking physics!!! If I wanted to know the future I would just break out my Ouija board. Its a clear sign that any time any of these f#cking analysts or traders make big claims like this. The market will go in the exact other direction. Stock Market perfect example... Upgrades and downgrades.... Yeah it might pop in that direction for 1-3 days but then stand by for it to go the other way,,, they predict that shit at the end of a move to get the final exhaust buyers in there that feel like the missed the train and jump on just as it goes over the fucking cliff... That BOA shit about 1300 was a perfect example of that bullshit on wall street.. Yeah it has potential to be at 1300 but profsionals aren't going to buy it at 1200 for a small 8% gain so that every person that bought it at 1k sells at 1300 and the guy can't get out with their large position...

Panic sells ended, I dont see how $100 could be reached, you would need to dump a lot of cheap coins, too much risk for whale

Although your technical analysis is thorough and well done, i tend to disagree  ::)

i don't think he have the guts to reply to this thread anymore...

he failed failing...

lol

3 more days.
OP!  Any news on the below $100 ETA?

I don't think jpm can file their patent that fast  :P :P

It's getting a bit closer to $100............Dont' think we'll ever see it that low again!  Too much demand for it now to drop under $500 i think.
I know if it dropped to $500 i'd probably run out and buy a few more BTC at that price.

Ok on this advice I sold all my coins for $150. Thanks for the heads up.  :D

I might have been off by a couple of weeks. To all the people that said it will never go down to $100-- let's just wait and see.

Next week is here and the lowest price was around 400. Wanna make another guess?

Common , if the title would have been 400 ,people would still have laughed one week ago.
But many of those really pissed their pants the last two days.

Gotta love Bitcoin, what a ride!  ;D

wanna bet that it hits 1000 before it hits 100? we will select a trusted member for escrow.

Ok for any bear with a pair, set up a small bet here: http://bitbet.us/bet/672/btc-will-hit-1000-without-dropping-to-100/

Would be copying it to any thread claiming $100 :)

Oh hell yea, totally making a bet on that.

I dont think we will see $100 again ever

true that! what a crazy few days..... i may collapse from no sleep soon

$100 not likely, too many buying Bitcoins when price falling.
Only possible if some idiot dumped a lot of coins at once, like 100,000 Bitcoins