Bitcoin Forum

i still remember this news on coindesk http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/
where he predicts price will fall hard some where this year, which came past, but he kinda still believe in it.

and now one guy has all 30k btc, did he buy low or high? i believe we don't know yet.

we might know if the non-winners disclose there highest bid.

what do you guys thing, would 30k be dumped slowly or like falling brick?

what if he is holding the 30k for months+, regardless buying it for a low cheap?

If he holds for months, that causes deflation making less BTC in circulation = higher price.

i can't make sense of it, because, this 30k been held as hostage for long time, and btc already hit 1k+ usd.

edit: oh yea there is still that 100k+ btc i heard , still held as hostage, so ?

https://bitcointalk.org/index.php?topic=675470.0

Refer to my thread there ^

no we've past that threshold. the new threshold now would be ~500 usd.

In a past thread i read those 30k are nothing but just a little trip for Bitcoin, a little trip that with so much gossip, scandal and whispering made Bitcoin prices pump.

So much good news for Bitcoin this days, i see that 200 usd crash very far away...

It can happen though. We saw bitcoin's ath at $1200 and we saw it dropped to $450. That could possibly happen if another big time rumor and scandal appears and cause panic to hodlers :D

Would I like it to go as low as 200 and less again?

Hell yes I would, since I'm holding barely pennies of a bitcoin and trading alt for bit (it's taking a very long time).

Will it happen? Probably not, I think we've reached as everyone has said a threshold here and we'll be steady in the 400-600 range for a while. I'm not speculator type guy, but yeah don't think it's going to happen unless some scandal happens or whatever.

rapidly dropping level of insight on this forum: check

tl;dr of this topic: zero useful posts, this one included.

Yes. Sell sell sell!

This feels very pre-bubble.

Haven't you read the news? http://www.forbes.com/sites/kashmirhill/2014/07/02/tim-draper-silk-road-bitcoin-auction/ The winner wouldn't dump the coins, and will create new service which provide liquidity and confidence in the market, which will increase the BTC price.

Here, read a little: http://bitcoinrichlist.com/top100 (http://bitcoinrichlist.com/top100)

and stop defecating threads like this when you feel bored.

Jesus...  >:(

hi guys, looks like it might crash to about 300 range, what you say guys?

70$

The chances for it are so slim that i can say clearly NO!
And if it ever happens , all the people screaming for cheap coins are not really going to be that happy.

There is no reason for bitcoin to suddenly recover at 200 and not at 400 let's say.

will be sub 100 until end of the year

And there is no reason for bitcoin to suddenly recover at 400 and not at 200 lets say, or is there?

0$ has historically proven to be a rock solid base for recovery so far

$200 USD is too low, I think it's very unlikely that the value will reach that price, maybe we have just hit the bottom yesterday...

Bitcoin is likely to range between $200 to $300 and maybe less, it will take time... But now I've bought back in. I expect a spike to $550  before the next dumps.

Oh god i just realized that some of you are really serious in here. Lol

This would really be a huge crash, the final capitulation.
If it will happen, expect a rocket train leaving the station some seconds later.

I'm assuming they are posting just for the sake of making any reply.
If you look at the market depth, for example at Bitstamp, you will see a huge difference.
To get the price to $550+ the ask is around 2.8k, to get it to $450 the bid is around 6.8k.

If it goes below $400 then the guy who brought the silk road bitcoins might panic dump. He must have paid over $400 and if he sells it could push the price down really fast.

Maybe he is already dumping and this is the result? That would be good news since Bitcoin seems to be surviving :)

Crashes caused by over leverage can be this large, and bitcoin related crashes have been this large in the past. I think the absolute worse case scenario would be that we see a drop to the mid $200 range and if this were to happen it would be a huge opportunity to buy.

It is important to note that past crashes of bitcoin have been very big however the price would almost always recover quickly (at least partially) within hours.

the probability say no, but no one know for sure, i just hope the whales don't let it reach that point

Well technically anything can happen, but let us be realistic on here, there's tons of boat missers with big cash trying to get in BIG into the Bitcoin game. Talk wall street players and co.

There is a ton of support in the $400 range and the $300 range. There is no way we're going lower. I'm buying at any price.

We are rebounding high this time, the value in this moment just hit 0.521 on BitStamp, I guess the downtrend is going to be broken.
Anyway I'm almost sure that the price won't crash to $200, it would trigger ALOT of buy volume.

There was also  a ton of support in the $1000-$900-$800-$700-$600 range....

No actually it wasn't.
When the first crashed came the support at the 900+ evaporated in a matter of hours.

Indeed you might think that there is 'strong' support at some prices but there actually isn't. Once the price starts moving down, people start moving their buy orders down. I highly doubt that it will keep going down but who knows (remember $60 last year and what happened after).

It's impossible that the value will reach $200 but just in case pm me so I'll buy them all...

Wow, you have $2.4B?

some of those that dumped at higher price may buy again, in theory the more you come down the more support there is

I've noticed some buy walls are already gone, we are going down.

It's a domino effect. Winklevoss twins, Tim Draper and other big whales could panic sell. Maybe, they are already dumping...

Incorrect. See this kind of writing is not helping anyone.
No really 'whale' will sell out his BTC, especially since the twins say stuff like this: http://www.cnbc.com/id/101190181#.
You don't need to worry.

I completely agree. There is too much money on the sidelines that would hop in long before it ever gets that low.

No, because it will take time, there is no massive drop in price. Some also wanted to buiy cheap ltc below $10...

it will take so much time, that the chance are so slim that it would happen

Your account was created a month ago. Reviewing your post history its pretty clear you are a troll, simply posting to encourage selling. Welcome to ignore.

hi guys, looks like my question is becoming true,  almost as low as 200 usd

True whales don't sell, because they see the potential. The Winklevoss are heavily investing with their Gemini project. They know this is a very long term race to win.
You didn't saw Warren Buffet selling his stocks when they went down after he bought, he holded most of them for 10 years and made measly profits from them, thats how you make money. But this time is differently, Warren Buffet is too old to get BTC, but you can still learn from his advice and apply it to modern times.

If it crash below $200, it will die. No profit for mining at that point and with the halving so close = death.

then it has already been killed, because it crashed below 200 about a month ago, was around 152(the lowest)

http://s17.postimg.org/ju4sm86ln/image.jpg (http://postimg.org/image/ju4sm86ln/)

But that was a dump pike, not a trend...

The trend has been very clear: slow downward march to zero.

More cheap coins for the whales and don't worry about the price just hold it.

So you didn't bought them all?!

it is not going to, its been  already crashing for a long time!

This is incorrect. If you look at the 3m chart you would see quite the instability but not a final downward trend.
I'll assume you're another account made for spreading FUD among the people.

I guess lessons in economics are needed. We've had this in the past and there is nothing to fear.
Remember when this happened: http://www.coindesk.com/price-bitcoin-drops-400-btc-e-flash-crash/
there was so much panic back then.

It's going to keep on crashing because you don't get any interest % on your BTC and likewise once the Fed starts raising rates everyone would jump on the USD and forfeit the BTC.

USD in the long run provides more security and interest % as well.
True, it has been a worse investment for the past 7 years but no more.

Bitcoin currently is a great long-term investment, people only get affected by short-term downtrend and therefore think it's a horrible invesment.

Browse through the entire forum and you'll see very little fiat fans. Most people here believe in Bitcoin which will pay off big time eventually.

In the short term, bitcoin loses value.
In the medium term, bitcoin loses value.
In the long term, bitcoin loses value.

You are all losers.

just ignore the troll, 3 newbies posting about crash.. seems pretty legit.

I admit to having created this account to voice a dissenting opinion. I've been on the forum since 2012, am not a noob. Due to being disillusioned with btc, I am now warning noobs to stay away from btc, the siren call. It will ruin your life, just like it did to countless others here.

Some people just don't know when they're adding nothing of value to a thread besides sharting on and on. I'm sure scientists will be interested in taking a peak inside someone's brain to see what went so wrong.

some big miners will die, but not btc itself. It would survive one way or another.

Of course what would happen in the meantime until the stabilization won't be good

I don't think it will fluctuate that much as of yet and the market price will hold steady now. I don't see any reason to crash that below or rise that high. I am currently holding up.

if you bought at the peak it's not bitcoin fault, bitcoin is an asset, it's normal to have all sort of manipulation, up&down ecc....

I guess he's mainly talking about the psychological factors involved with investing in speculative assets and losing money by doing so. But you're right, it's not Bitcoin's fault at all. You could argue that it was Mt. Gox's fault for creating an inflated price (if they really did that with 'Willy') but that's about it...

It is going up up up from here.  Buy now.

yes i think bitcoin will get raise again , at least for 350 USD im sure . so this is the right time to buy a lot of bitcoin. am i right?

at this point it is always the right time to buy if you plan to hold your coins for a long time. just make sure you don't wait too long as it will rise as we come closer to the block halving.

ya sure i did to buy everytime when i think it the right time. because im pretty optimist bitcoin will rise at least to 350-400 USD in a couple months. so why not to buy it now in 200++ usd.

Yes.  This is a very good time to go all in.

Because it could go down 50%, or even more, first. And if you waited for that to happen, you could make even more - if it actually happens! There's no guarantee at all that Bitcoin will perform in a certain way. If you are really sure that Bitcoin will go to $350-$400 in a couple of months, and won't go down below current prices, why don't you do margin trading? Because it is very dangerous!
Always keep in mind that things may turn out for the worse!

If you've been here since 2012 and you haven't made a lot of money and you're not holding a lot of bitcoins, you're doing something wrong.

Even if you sold a lot of $10 coins when the price hit $100, you should still have hundreds or thousands left to hold.

Or are you one of those bears who thought that bitcoins were overpriced in the $5-$10 range, expected them to go back down under a dollar and never bought while they were cheap?

Perhaps if you spent less time worrying about the "countless others" who supposedly "ruined their lives" and more time getting your own affairs in order then maybe you could have joined the countless others who made a lot of money with Bitcoin since 2012. 

I guess it isn't as hard as you may think, it just takes a few bad trades, a wrong investment, or just losing all your coins on Gox - I really don't think that there are only a few people who experienced such a story. In that case it may be the best for your mental health to keep telling yourself that BTC is going to fail...