Bitcoin Forum

We are always in the down trend of $1200 to $0 which started from last year, $6xx is already the top bubble we can reach after all these Dead Cat Bounces

Finally the $6xx bubble is going to burst, another dump to $550 then rebounce to $56x can be expected in 48 hours

Money in bitcoin is right now on the capital flight ! Fake VC-money involded news & large companies & ethereum are helping the way out!

A troll quoting another troll, classic.   ::)

Price is recovering, the downtrend to zero has ended  ;D

Yeah I mean 'falllling' is an obvious troll. Is mmitech a known troll as well? I don't buy those predictions either, but bears aren't always wrong!

The "downtrend to $0" is impossible, if the price will fall to $100 there will be so many buyers that the value will be raised to the current levels.

Ignoring trolls is a full time job here.

Yes. BTC will struggle. Such is the life of a new technology over 75% of everyone's head.

I will continue to use BTC as a currency until it's dead, because I will use what the people give value to rather than what the government says is worth something.

I dont see any large company helping yet. can you elaborate on what you meant there?

I doubt we'll see the 600 resistence broken in 48 hours. There is no reason for that.


Also no downtrend to 0, there is only a no trend that can go anywhere but to 0

Depends on your definition. Some trolls are just super annoying bears that shamelessly talk their book, then whine when they lose money.

WTF?

There isn't enough FUD on the forum to post this? haha.
Great try, troll. If you don't bought some BTC at good prices is not our problem  ;)

troll on troll....sexy

He's probably right. All we need is one nice piece of FUD and we'll see the price plummet. The mythical date of July 24 has come and will soon go, and we're still struggling to stay at 50% of the all time high. It looks like we could be facing months of the same old bearshit.

Don't be nervous...

Is not the first time that Bitcoin moves. And more or less ~30-40$ ... so keep calm xD

This happened lots of days  :D
FUD is not good for you haha

But this will be interesting. We can wait and gather around when the 48 hours are over, to properly laugh at another attempt to spread FUD.

I hate to agree, but this is probably correct.  There's an awful lot of selling pressure above, and the price seems kind of fragile right now, especially with a couple shorter term technical supports being breached.

Edit: if it can't hold on to $600, then $550 is the next major support, so it would probably end up there pretty quickly.

Hehe, best comment so far, i like those apocaliptic prophesies. A dump to 550 can be true but downtrend from 1200 to 0 really? :D

Why is 24 July a mythical date?

not true, because if there were a crash, you wouldn't know the details about it. it could be something that crumbles the whole bitcoin network.

The last two bubble peaks were 234 days apart. The 24th was 234 days after the last one. I think the world is just a teensier bit less predictable than that.

Good one. I hope price crashes too. I need to buy back some cheaper coins.

Aha, yes, I see now why he it called it "mythical".  Thanks for the explanation.

I, too, am hoping that the price continues upward.  But you can't completely discount the possibility that we're headed to 0 (or at least close to it).  Purely from a trading perspective, we're not.  But there's always the possibility of unexpected bad events that could lead to things like the banning of bitcoin worldwide.

You lost all credibility by saying 0 there. Its simply not going to happen, every point it goes down its exponentially harder to go down more.

I do think it might just reach 500. I am keeping some fiat handy just in case.

Well that prediction to 0 can be explained when you look at his username and you see "falling"  :D

Thats what he meant? I thought he kept falling off his bed. Might actually be true though as it seems he may have got a head injury somewhere.
They do not even troll well these days :(

Up or down...I am agnostic. Really don't care.

If it goes up, my stake grows in value and purchasing power.

If it goes down, I buy. Tough for me to buy right here, but we are close.

good to know, need to buy some cheap coins!

There are so many unseen things happening that it is impossible to predict. If it goes down I will scoop up some cheap bit coin. If it goes up I will simply hold on to it.

Hoping the same.

Will scoop up some in the 300-400 range. Not going to buy at this level.

Makes me wonder if you are going to see $1000 this year....

And if it rallies like a mad man into 5 digits only to crash down to mid four digits you'd still agree that buying at this level is a bad move?  See, idk what's going to happen, but this logic of "i hope it crashes so i get more cheap coins" seems a hell of a lot riskier than just cost averaging irrespective of price.

Same kind of guys that panic dumped in the peak at $2, hehe.

Sell cheap, we´re are buying.

5000 BTC worth of support on bitstamp alone from here to $550.

Good luck with that lol

All of this just means more and more opportunities for smart long run sighted people to keep collecting more and more Bitcoin. Can't wait to see how the Ethereum thing turns out. Hope Vitalik doesn't pull a Karpeles on the investors.

I really think the OP is just trolling.

First day here for me but I think I've just recognized the first troll of the forum. :D

It's just people that want to buy at low prices because they haven't done before.
They're spreading some FUD, so we have to ignore them,  :D it's the best thing that we can do haha.

I think it depends on how much capital you have and your general strategy.  It sounds to me like tooil is just being patient, which is a very good virtue to practice in trading and investing.  Such a strategy reduces overall risk of loss considerably.  The trade-off, of course, is that your risk of missing a big rally is greater.

But really, at the moment, it doesn't look like we're going anywhere fast, so patience seems wise.  I know things can turn on a dime, but we've had loads of positive news lately, and none of it has been enough to make BTC break $700.  We need either some news that's a real game-changer or some major market to open up (country, investment fund, ETF, etc.) to move us higher.

That would be great. I just spent 1.2BTC at $620. I would love to replace them at $500. A fall to 0 is laughable and shows a lack of understanding, but when the price goes down I buy. This strategy has never failed me. I have yet to loose a penny.

it will it will, just patience my friend  ;)

Supply and Demand will never allow the price to drop to $0, only if SHA/SSL is compromised. And then the question is bitcoin being affected by those exploits?

If people are patient they will watch the next bull run, then buy on the 2nd dip. First dip is the dead cat bounce, second is usually where the new support levels will be.. *usually*

Just about 20 more hours and we can close this FUD thread and move on continue with the sideways movement!

What are guys like Falling afraid of. While he spends his days jerking off, the speculators here are busy putting their money where their mouth is and are busy losing and making money. Yes it could go to 0$ so what! its not the end of the world, most of us have the balls to take it and start over. My bet is that in 2 years time it will be worth more than now, it may not be but thats where I am.

$100.00 people will flock on it like flies on poo. The price will sky rocket way past $1000 with all the pump coming in. I'd love to see it to give me a chance to bag hold some coins :)

Maybe, but maybe not.  Unless the price slowly descends to 100 over a long period of time, it would take something pretty catastrophic for price to drop that far.  It barely got down to that on Gox even when bankruptcy was almost certain--I'm thinking something like the US and China both banning bitcoin.  If that happened, would you still want to buy in?

I bought at $650...  :l

I am also happy with either up and down, but I do care a lot. Mainly because it makes the day interesting and I also like counting my profits :)

Tough call for me now, sold at 650, and wondering whether to buy in now. I will wait over the weekend and see how it moves.

When the price down, people buy BTC
and because many people but BTC, the price went up again

this case usually happen, and the low price only lasts about a week (if i'm right)

It depends, if the drop is caused by a bad news, usually the panic sellers will enter in the game together with trading bots,
crashing the price by a large percent.

2.5 hours left. Things aren't looking pretty, but I'd accept bets that we won't be at $550 withing 3 hours :)

3 hours or 7 hours doesn't matter, all we know it's the uptrend has surely gone and the price can only drop harder from now (the feeling you have about "things don't look pretty")

how far can $550 be? its just matter of a short periods of time

of cause it will drop much more, $550 is just the next temporarily stop

No. This kind of movement is typical for Bitcoin. We enter a phase of flatline movement or a minor downtrend for a month or so. But this doesn't change anything in the bigger picture!

"of cause it will drop much more, $550 is just the next temporarily stop" doggy much much crash, such bitcoin

Spare your breath people, you can clearly see at his writing skills, he's all in on dogecoin.  ;D

Which fonzie are you? The original bearish one, the bullish one? Or the one that jumped the shark in the 70s?

I'm the one that's long term bullish... me no much ride shark, such sad

It's been 48 hours and the price is now $596.12. Why no dump to $550 then rebounce to $56x?

Because he's wrong, like just about every other time...

you seem to be wrong, it's 48+ hours since you posted this statement and guess what, price didn't change at all, 595$. Now, will you say you were wrong or we have to keep track of you so we all know you are just another FUD spreader?

He's not going to reply 9/10, but next month he'll create a bunch more threads with "Another dump to 650$/700$ incoming"

Yeah, that would leave us at a lower point than we are now. I guess I'll pass on that offer :D

Good thing we have a Speculation section in the forum. Hope it's easy for most people to reallise that OP is simply trolling rather than giving reasonable predictions.

Corrected, they will be just happy like now when the price re-bounce to $495 after a drop to $450

Just came to point out that the prediction didn't hold even with an additional hour bonus time.

$590 will be broken once the $600 wall build up

What exactly is the point of you making these threads about these SMALL price fluctuations? Who gives a fuck that it will drop 40$?

You do realize that the amount of money that went INTO bitcoin at this point is:

http://maddam.no/wp-content/uploads/pengar.jpg

The amount of money that could potentially come into bitcoin over the next years is:

http://gamepodunk.com/uploads//gallery/album_6/gallery_5_6_76874.png



Given the fact that there's only a tiny amount of bitcoins on the exchanges dictating the price, you see now how stupid your BIG DROP announcements look.

What's the deal with this Falling guy? If he somehow has something to gain by making the price fall, and you would assume he does since he spends a lot of time telling us how it will fall in different scenarious and that it is better to sell... then why on earth is he calling himself Falling, and thereby making sure nobody will ever listen to him?  ::) ???

The world needs stupid people too, so we should be glad we've got him.  ;D

That's actually a much more modes prediction. That may actually happen, not that unrealistic!!!

Mods really should ban newbie accounts from posting in the speculation forum.... Please and thank you.