Bitcoin Forum

Economy => Speculation => Topic started by: evolve on February 15, 2014, 01:30:30 AM



Title: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: evolve on February 15, 2014, 01:30:30 AM
Pull out your crystal balls and make a prediction!


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: TERA on February 15, 2014, 01:33:48 AM
Either support was already found at 530 or support will be found at 400 in about a month from now.

I'm confused by the poll - I guess it's based on gox? Why would you do that?


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: evolve on February 15, 2014, 01:37:23 AM
I guess it's based on gox? Why would you do that?

Gox is the legacy price, and even though noone wants to admit it, Gox still drives the market in a large way.


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: TERA on February 15, 2014, 01:40:00 AM
I guess it's based on gox? Why would you do that?

Gox is the legacy price, and even though noone wants to admit it, Gox still drives the market in a large way.
Gox does drive the market but only with a smaller ratio of effect now. Yesterday gox price was under half of Bitstamp price. Even though it affects the price, it does not actually represent the price of bitcoin.  If I want to buy a bitcoin right now and use it at a merchant or if I want to sell a bitcoin and receive cash right now, it is going to be based on Bitstamp price. The actual mtgox price is meaningless. Nobody actually thinks bitcoins are worth $300 now.


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: evolve on February 15, 2014, 01:47:10 AM
Bitstamp froze withdrawals too, and as far as I'm concerned their price is just about realistic as Gox's regardless of spread.  

If you have confidence in any of these exchanges, I have a bridge to sell you.  I've been here long enough to watch multiple exchanges fold and run with the money, and none of the current ones inspire any confidence in me, tbh.

Not that it matters, really.....this poll is about Gox price (which is leading/driving the crash). If you prefer Bitstamps price, figure out an estimated spread and apply that to Goxs price and vote.  Seems simple enough to me.


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: Holliday on February 15, 2014, 02:38:49 AM
Somewhere around $3500 in late August (Stamp, Gox won't exist by then).

I like ice cream.


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: evolve on February 16, 2014, 06:19:57 AM
300 broken


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: bitcon on February 16, 2014, 07:12:12 AM
gox should have halted trading when they stoppped withdrawals.   now they should just take their site offline


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: zby on February 16, 2014, 07:35:21 AM
If you call it The Great Bitcoin Crash of 2014 - than it should at least be in the same league as The Great Bitcoin Crash of 2011 - when it crashed 95%. That would be around $60.


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: evolve on February 16, 2014, 07:38:45 AM
Give it a few days, its coming.


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: keewee on February 16, 2014, 07:41:44 AM
Under $300 now so that narrows the choices  :)


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: Mythul on February 16, 2014, 07:50:37 AM
We will set 0-10 for a few seconds.


Title: Re: [poll] Call the bottom of The Great Bitcoin Crash of 2014
Post by: Wilhelm on February 16, 2014, 07:58:32 AM
This is the same as the $32 --> $2 crash and we all know we hit $1100 that year.
Now we went from $1100 --> $600
We will soon start the rise from $600 to $30k :P