Bitcoin Forum

This downward trend going to continue slowly and gradually, bottoming at $520.
I suspect $520 to come ard end july/ during 1st week aug.

buy when you see 520.

Everyone's coming up with their assumptions and forecasts. Only to revisit their threads in a few months and claim their superpowers :D

On what basis do you assume that the drop will stop at 520$, have you seen some big resistance/buy orders at that price, and on what exchange?

slowly and gradually = within 5 days. lol, nice use of language.

I heard China is banning Bitcoin. It's the end. :P

price is unlikely to drop below 500. $520 is a good entry price, and might be last chance to buy cheap btc.

so far newbies whom i convinced to invest in btc, have profited, from my call few months ago to buy when price was flutuating ard 400-450.

Wheres the T/A or fundamental analysis?

I agree that it will go further down.
Alot of people are in denial about it , and are thinking of reasons why it should be >1000$, but better than that i thing we should ask ourselfs; why should it be >500 or 400$ for that matter.
And also, when bitcoin lost that first layer of support, it was not a problem, but if it looses that second, and much thicker layer of support @550, we could easily see 400$

Sub 300$ incoming???

No

At least the volume is finally increasing :P

You must be new here. This is practically rocking the market to sleep.

Whats so great about heavy negative volume, that is marking of your coins loosing value.
The first layer of support is broken, now even the second layer is getting chopped, and if it gets eaten, there will be no more buy interest, whoever wants to buy will allready have their coins.
Im just trying to say that i just dont see anything good developing from this.

It might not look like it, but your coins have more value now then they did on nov 30 2013, even if the price is lower. It's not all about the ticker price of a bunch of exchanges that equates in $ volume to a piss in a bucket in the eyes of wall street money.

the bottom can be at 550, but that depends who are the ones selling coins.

Haven't we now successfully confirmed a quadruple bottom at $570? UNBREAKABLE!

You know the saying keep trying and then when you hit the mark eventually show it off :)
Although One way or the other this sideways movement will stop somewhere ...
Well slightly downward movement right now but I think its still sideways more or less.

Anyways if it doesn't drop to the 420 range again I will be satisfied  ;D
Too many 420 threads haha

Theres a support at ard 520, too.

What you guys may don't get is the fact that all the butthurt wall street investors are watching Bitcoin with tiger eyes about to jump in on the gazelles (aka weak hands) to get themselves some cheap ass meat.

Wall street investors are in the bitcoin business since months in my opinion, they won't come all together pumping the price all at once.

Yeah but even better, so they're watching, coming in waves, waiting for the next bubble maybe... I guess some of the bigger investors just wait until it makes sense for them to invest, volume-wise. It may still be a penny stock for some of them.

Could you provide us some links or so about these Wall Street investors who are already bitcoiniacs?

I would rather call that years. Some entered in 2012 already....

i'm waiting for the bottom to come @ 520, which might drag till couple of weeks more.

introduced friends and colleagues to invest in bitcoin last year when price was under $100. price now still up by abt 600%.

Just look at the leaked bidder list for the SR auction.

Soooo, you want us to dump a few coins in order to push the price down, so you can buy some more cheap coins for your own??? Nice try, but thanks, I'll pass!!!

It will go much lower then just 520.

We reverted the downtrend after we bottoned at the 570's

Now there is no down neither up trend, and we need some good volume to see if we are seriously going down or going to recover, or stay at this level. Anything said now is like trying to guess the result of a tails or head throw, you may be right, but only for chance

Well.. Thousands of coins are mined everyday. MtGox 200k coins are going to get sold, Ulbricht's coins are also going to be sold. And of course payment processors are selling bitcoins which people use when they use their pre-2013 acquired bitcoins for example to buy new (Dell) computers (to use Bitcoin, of course!!) etc. So there definitely are selling pressure.. How about buying pressure?