Bitcoin Forum

Economy => Speculation => Topic started by: fonzie on August 16, 2014, 01:14:03 PM



Title: No more below 500$ Next Stop 1(0)0000$!
Post by: fonzie on August 16, 2014, 01:14:03 PM
Vote!


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: TrollinU on August 16, 2014, 01:36:30 PM
Nope


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: fonzie on August 16, 2014, 01:43:59 PM
Nope

STOP TROLLING; THIS IS SERIOUS!


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Stery on August 16, 2014, 01:50:59 PM
The price is still stuck little above the $500 mark.

I dont think the price will move over $750 mark till the end of this year


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: exocytosis on August 16, 2014, 01:56:29 PM
Price will go to a more sustainable 450ish level mid-term, then continue downwards to the desperation phase.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Torque on August 16, 2014, 01:59:12 PM
Confirmed.  Because fonzie is Proudhon.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: valvalis on August 16, 2014, 02:01:23 PM
$10K is to damn high.
IMHO $1K is  possible price for bitcoin until 2016


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: fonzie on August 16, 2014, 02:06:49 PM
$10K is to damn high.
IMHO $1K is  possible price for bitcoin until 2016

Who are you trying to fool? No more below 5 digits in 2015!


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Wandererfromthenorth on August 16, 2014, 02:17:29 PM
Bullish Fonzie:




http://forums.watchuseek.com/attachments/f2/1295598d1385598127-what-your-opinions-watch-not-sure-if-trolling-serious.jpg.png


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Wilhelm on August 16, 2014, 02:21:49 PM
Not sure could be 1(0)0000K $!  8)


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: mr angry on August 16, 2014, 02:30:41 PM
It's only $504 and could go either way, but I doubt it's going to shoot up to silly prices any time soon.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Schickeria on August 16, 2014, 02:41:51 PM
Oh fonzie. You are my favorite bear troll. If you want to be a one these exaggerated bulls, could you not be a bit more innovative? Invent some new form, a more entertaining form?


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: bomb177 on August 16, 2014, 02:42:36 PM
Are you the opposite of falliiing?
"Next stop 10000$" seems too much optimistic so far...


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Tzupy on August 16, 2014, 03:04:22 PM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: fonzie on August 16, 2014, 03:08:50 PM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Tzupy on August 16, 2014, 03:12:37 PM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: fonzie on August 16, 2014, 03:15:42 PM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.

If almost everybody is consistent about the huge upcoming rebound(trend reversal), who is going to front run it? What´s going to happen next?  :)


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: exocytosis on August 16, 2014, 03:16:48 PM
We haven't seen the end of this yet. Sub-450 will be reached in less than a fortnight. Then true desperation will kick in, bringing us quickly to 300ish prices.

But it's needed to shake out all the weak hands.  ::)


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Wandererfromthenorth on August 16, 2014, 03:20:15 PM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.
But it doesn't make sense to find a new bottom just below the one we just saw at $480 (bitstamp) and $450 (Bitfinex), if we are going lower we going to $0 lol


https://ip.bitcointalk.org/?u=http%3A%2F%2Foi61.tinypic.com%2Fs4qv7d.jpg&t=543&c=DmlWsmx6LfsaOQ




Either the bottom is in or the new bottom will be down to the pits of hell (400 or lower)


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Xer0 on August 16, 2014, 03:23:31 PM
it could shortly drop to -100


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: fonzie on August 16, 2014, 03:24:33 PM
it could shortly drop to -100

Better sell now and rebuy for 400$


Fool will be fools....


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Xer0 on August 16, 2014, 03:53:08 PM
Cpt. Fonzie ;)
http://abload.de/img/82361_economy-sinking87suh.jpg


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: maker88 on August 16, 2014, 05:11:29 PM
it could shortly drop to -100

cant wait! ill load up on bitcoin if someone will pay me $100 for each one i take off their hands! :D


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: jcoin200 on August 16, 2014, 05:20:28 PM
I don't think we'll go any further down, but 10k seems blindly optimistic. I mean with more merchants coming abord people will spend btc, and most companies cash out immediately. There is not a steady stream of new buyers, therefore it's creates an overall drop in price.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Equate on August 16, 2014, 05:28:30 PM
I don't think we'll go any further down, but 10k seems blindly optimistic. I mean with more merchants coming abord people will spend btc, and most companies cash out immediately. There is not a steady stream of new buyers, therefore it's creates an overall drop in price.

If  BTC reaches to $1k by the end of year , even then I would be happy but $10k is rather too optimistic.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: ArticMine on August 16, 2014, 05:41:33 PM
I voted NO since it is quite possible that we go into the 400's in the next few days or even weeks; however 10000$ or even 100000$ is also quite possible over the next year.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Bitcopia on August 16, 2014, 05:55:25 PM
But it doesn't make sense to find a new bottom just below the one we just saw at $480 (bitstamp) and $450 (Bitfinex), if we are going lower we going to $0 lol


https://ip.bitcointalk.org/?u=http%3A%2F%2Foi61.tinypic.com%2Fs4qv7d.jpg&t=543&c=DmlWsmx6LfsaOQ




Either the bottom is in or the new bottom will be down to the pits of hell (400 or lower)

The next level of heavy support is around $440. We may go there and double bottom before it's all over.

P.S. I can't believe I'm posting in a fonzie topic.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Ayers on August 16, 2014, 06:34:03 PM
keeps dreaming, it won't happen, big whales will save us, they will start buy if it go too low


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: criptix on August 16, 2014, 06:38:34 PM
what happened fonzie, why bull mode since the last 2 months?  :D


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: TrollinU on August 16, 2014, 07:51:24 PM
Nope

STOP TROLLING; THIS IS SERIOUS!

I'm being serious
What is this "trolling" word? That is some new phrase you crazy kids use now? I know it as a slow criuse around a lake while fishing.  ???

My reply is that we are not going to stay above $500 for ever, and a "next stop" of $10k is utterly ridiculous. If we have a  simple consolidation at $530 then that would be the next stop wouldn't it? No way are we going for $10k this year.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: InwardContour on August 16, 2014, 08:18:53 PM
Nope

STOP TROLLING; THIS IS SERIOUS!

I'm being serious
What is this "trolling" word? That is some new phrase you crazy kids use now? I know it as a slow criuse around a lake while fishing.  ???

My reply is that we are not going to stay above $500 for ever, and a "next stop" of $10k is utterly ridiculous. If we have a  simple consolidation at $530 then that would be the next stop wouldn't it? No way are we going for $10k this year.

You can't be serious, your nick says all!
I'm joking, btw my worthless prediction is that the value will stop falling soon and in few weeks will start a slow rise.
This rally will lasts several months but the real bubble probably will start the next year.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Benjig on August 16, 2014, 09:37:59 PM
Dont make this kind of topics now or ethereum will continue dumping their coins seeing we are still "optimistic" and we are not worried.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: fonzie on August 16, 2014, 09:39:54 PM
Dont make this kind of topics now or ethereum will continue dumping their coins seeing we are still "optimistic" and we are not worried.

No one really cares about Ethereum and their lousy ~20kBTC, let those fools sell if they are really doing it. Market will eat those up in no time.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: TrollinU on August 16, 2014, 09:41:15 PM
Nope

STOP TROLLING; THIS IS SERIOUS!

I'm being serious
What is this "trolling" word? That is some new phrase you crazy kids use now? I know it as a slow criuse around a lake while fishing.  ???

My reply is that we are not going to stay above $500 for ever, and a "next stop" of $10k is utterly ridiculous. If we have a  simple consolidation at $530 then that would be the next stop wouldn't it? No way are we going for $10k this year.

You can't be serious, your nick says all!
I'm joking, btw my worthless prediction is that the value will stop falling soon and in few weeks will start a slow rise.
This rally will lasts several months but the real bubble probably will start the next year.

I'm serious as a heart attack!
My nickname is my initials and the "U" is because I use my university computer. Am I being punked with right now? Where's the camera?


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: counter on August 17, 2014, 04:10:53 AM
Not saying we won't see some dips but I'm liking how the market is handling this stagnation in the market recently I expect there will be some serious buying in the coming months.  What the price is doing now I think is very healthy IMO.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Hfleer on August 17, 2014, 04:22:02 AM
Not saying we won't see some dips but I'm liking how the market is handling this stagnation in the market recently I expect there will be some serious buying in the coming months.  What the price is doing now I think is very healthy IMO.

yes, even the bitfinex flashcrash wasn't as severe as in the past. the markets are maturing very fast!


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: AceWallen on August 17, 2014, 04:45:17 AM
Not saying we won't see some dips but I'm liking how the market is handling this stagnation in the market recently I expect there will be some serious buying in the coming months.  What the price is doing now I think is very healthy IMO.

yes, even the bitfinex flashcrash wasn't as severe as in the past. the markets are maturing very fast!

this has been a pretty slow grind down. while i hope that the bottom is in, bouncing where we did (old support + heavily oversold) is not a surprise. but it doesn't mean this is over. i know that we may not have even see the panic hit yet.

just best not to deny the possibilities....


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Hfleer on August 17, 2014, 04:49:33 AM
Not saying we won't see some dips but I'm liking how the market is handling this stagnation in the market recently I expect there will be some serious buying in the coming months.  What the price is doing now I think is very healthy IMO.

yes, even the bitfinex flashcrash wasn't as severe as in the past. the markets are maturing very fast!

this has been a pretty slow grind down. while i hope that the bottom is in, bouncing where we did (old support + heavily oversold) is not a surprise. but it doesn't mean this is over. i know that we may not have even see the panic hit yet.

just best not to deny the possibilities....

Sure but last year, such a drop would have triggered much bigger panic than it did today. People finally start to realize that Bitcoin has a treshold of value that all people agree that it is "time" to rebuy some.

Even bears would agree that 300 and lower is very unrealistic ;)


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: tss on August 17, 2014, 05:06:42 AM
nope


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: jaberwock on August 17, 2014, 05:40:28 AM
No way.

We couldn't affor a rise from the 300's to the 1000's without some dips.

And there is not enough adoption now even to make it back to the 1000's.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: rissssing on August 17, 2014, 06:04:47 AM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Sevvero on August 17, 2014, 07:19:44 AM
Nope

STOP TROLLING; THIS IS SERIOUS!
No, it is not.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: NapoleonBonaparte on August 17, 2014, 07:27:46 AM
Dont make this kind of topics now or ethereum will continue dumping their coins seeing we are still "optimistic" and we are not worried.

No one really cares about Ethereum and their lousy ~20kBTC, let those fools sell if they are really doing it. Market will eat those up in no time.

When someone has controlled of 20k btc, I won't call them fools. They manage to raise a lot of money from bitcoin whale and wealthy investors, there must be something they are offering that is unique to the crypto community.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Hfleer on August 17, 2014, 11:59:32 AM
Dont make this kind of topics now or ethereum will continue dumping their coins seeing we are still "optimistic" and we are not worried.

No one really cares about Ethereum and their lousy ~20kBTC, let those fools sell if they are really doing it. Market will eat those up in no time.

When someone has controlled of 20k btc, I won't call them fools. They manage to raise a lot of money from bitcoin whale and wealthy investors, there must be something they are offering that is unique to the crypto community.

Even so, why do you think this has anything to do with the demand/supply of BTC price?


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: ajareselde on August 17, 2014, 04:23:31 PM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: mr angry on August 17, 2014, 05:25:33 PM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..

If all the banks refuse to do business with the exchanges it could drop to lower than 10$ again!


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Ayers on August 17, 2014, 07:34:11 PM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..

remember that in the 2016 there will be another halving in the block value, this should rise the price, at least in theory


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: counter on August 18, 2014, 03:07:28 AM
Not saying we won't see some dips but I'm liking how the market is handling this stagnation in the market recently I expect there will be some serious buying in the coming months.  What the price is doing now I think is very healthy IMO.

yes, even the bitfinex flashcrash wasn't as severe as in the past. the markets are maturing very fast!

this has been a pretty slow grind down. while i hope that the bottom is in, bouncing where we did (old support + heavily oversold) is not a surprise. but it doesn't mean this is over. i know that we may not have even see the panic hit yet.

just best not to deny the possibilities....

Agreed, there is a good bit of hesitation and somewhat rightfully so in my opinion.  Too many things to take into consideration when you think of where we could go and why.  My gut is there will be some dips but nothing long term unless something happens to cause a panic selling.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: NapoleonBonaparte on August 18, 2014, 04:05:17 AM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..

remember that in the 2016 there will be another halving in the block value, this should rise the price, at least in theory

You will need to take ASIC miner cost into consideration also. Everything being equal, if the price ASIC miner cut in half also, then the price will remain where it will be.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Tzupy on August 18, 2014, 08:44:40 AM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.

And the possibility became true, China is dragging everybody down, including Bullfinex which looked very bullish for a while.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: fonzie on August 18, 2014, 08:48:04 AM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.

And the possibility became true, China is dragging everybody down, including Bullfinex which looked very bullish for a while.

You were right, western ones remained bullish stayin almost 10-15$ above China, but in the end Chinaman remained stronger. I have not the slightest idea were we will stop next.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: unpure on August 18, 2014, 10:35:58 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: falllling on August 18, 2014, 10:41:04 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.

yes, bitcoin is going to nowhere but down, dead cat bounces won't help


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: mr angry on August 18, 2014, 01:19:52 PM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

You can buy at $450 right now!


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Ayers on August 18, 2014, 02:37:45 PM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..

remember that in the 2016 there will be another halving in the block value, this should rise the price, at least in theory

You will need to take ASIC miner cost into consideration also. Everything being equal, if the price ASIC miner cut in half also, then the price will remain where it will be.


but what i mean, is that less dumping will happne, half of dumping of now, because less coin are produced, no matter the asic in cost


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: unpure on August 19, 2014, 07:18:43 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.

yes, bitcoin is going to nowhere but down, dead cat bounces won't help

The bounce back is higher than what a normal dead cat can do.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: fonsie on August 19, 2014, 07:24:09 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.

yes, bitcoin is going to nowhere but down, dead cat bounces won't help

The bounce back is higher than what a normal dead cat can do.

Just ignore him, he's a scammer.


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: Newbie1022 on August 19, 2014, 07:26:23 AM
And the crazies are back!!!!


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: falllling on August 19, 2014, 07:29:57 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.

yes, bitcoin is going to nowhere but down, dead cat bounces won't help

The bounce back is higher than what a normal dead cat can do.

remember the dead cat bounce from $475 to $520 at 2 days ago? did it help?
would you be happy if you buy at this time at $48x and drop back to $3xx 2 days later?
so, do NOT buy in traps, bitcoin is going to nowhere but down, the final capitulation incoming!


Title: Re: No more below 500$ Next Stop 1(0)0000$!
Post by: User705 on August 19, 2014, 07:32:40 AM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.

And the possibility became true, China is dragging everybody down, including Bullfinex which looked very bullish for a while.

You were right, western ones remained bullish stayin almost 10-15$ above China, but in the end Chinaman remained stronger. I have not the slightest idea were we will stop next.

That's because Chinese miners and manufacturers could care less about bitcoin.  They want dollars.  The selling pressure is over 2 million usd per day of new coins.