Bitcoin Forum

we are right now going back to $4xx, yes, what you saw these days was just another dead cat bounce as i keep telling you :)

bitcoin is not going to anywhere but down, $4xx and $3xx, drop your hope and sell now to cut loose!

remember NEVER buy in any fake recover traps next time!

dead cat bounce at first time:
http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=1&i=&c=1&s=2014-08-16&e=2014-08-18&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

second time:
http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=2&i=&c=1&s=2014-08-18&e=2014-08-23&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

third time:
http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=1&i=&c=1&s=2014-09-01&e=2014-09-06&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

I would hate to have a lot of money invested in bitcoin right now, it would definitely be hard to get a good night's sleep. I'm sure a lot of people are getting tired of seeing their investments struggle and gradually lose money, and are probably cutting their loose to sack it away in the stock markets or spend it on newegg.

lol what?  omg spend it all on newegg now!

No time to explain. Honey we are going to spend our life savings at newegg.  ;D

https://bitcointalk.org/index.php?topic=15652.0

Wait, so sell those coins?  Are you sure?

Not really.  I have a substantial amount invested and I sleep just fine.  Up, down, up, down.  Same boat rocking in the same ocean.  NBD.

HAHAHA  ;D

Are people seriously spending Bitcoin on stuff they do not really need instead of selling when they want to divest?

I am gearing up this time to buy at 350-400 this time.

Remember, there are insane amount of money are invested into ASIC mining. There will be miners will stop the mining to buy it if is cheaper to buy than mine.

Desperate to buy at sub $400!!

The price is dropping a bit since yesterday but I don't think we will ever see sub 400$ prices.

I'd gander we will see a few more flash crashes deep into the $300 if not $200 in a desperate attempt to get us HODLers to sell.  Don't be a bitch, hodl and buy when they try to manipulate.  When someone dumps 10k coins on the market they are hoping to pick up 15k at a lower price.

Or some millionaire wants a paycheck for the month. Sell 6000 at 550, rebuy 600 at 400. Years salary in your pocket, no btc lost.

This isn't a fake recovery trap, it's a trap for panic sellers, look at the price in this moment!

Up and down, up and down...
I really can't predict where we are going, but I hold and hope in some brighter future.
and I am more ready to $ 600 again  ;D

Those two charts look nothing alike. ???

Does it mean the opposite of a dead cat bounce will happen? ???

Should I wait for an "analyst confirmed uptrend and BUY rating" and end up paying double the price it is at now. ???

What will we do with fifteen thousand usb sticks dear? :)

Yes it's a fun time to learn to trade.
Made 18% profit by trading and got caught hard whilst sleeping. Mistake in risk management :(
Luckily still 8% profit in a few days which isn't bad.

Big whales are laughin in your ass as you feed them cheap BTC. In 6 month, sellers = suicidal.

nice

I just tried to make a purchase on www.scan.co.uk using Bitcoin.

It took too long for the confirmations to complete (almost 2 hours for 6 confirmations)....

Payment was refused....

Guess I will just pay with fiat instead and just have to put up with the total inconvenience of my order being processed and readied for dispatch within 5 minutes......

Tchoh, digital cash payments are sooooooooo 20th century!

I think the smart investors knew ahead of time to only invest what they could afford to loose and that is why we won't be going on an indefinite downtrend as the OP suggests.  This is hodl mentality has spread and it is obvious the dumpers will have to buy back at a loose if they keep gambling with their coins..  I think they keep hoping if they fud the coins will come but that plan does not seem to be working so good if you ask me.

Some think falllling is a troll but he might be right.

There's something wrong here. Bubbles come when you least expect them. too many people are expecting this bubble, it doesn't work like that.

The market is not clear, if we are in the capitulation phase, despair phase to follow and a lot of people will get burned.

https://i.imgflip.com/bewy4.jpg

Fixed that for ya.  BTW, Did you sell all your coins at $470 like Falllling told you to?  Because you were pretty sure he was right on the money.

https://i.imgur.com/g957dOi.jpg

loose: not firmly or tightly fixed in place; detached or able to be detached
lose: be deprived of or cease to have or retain

No, I just give my advice. You are big enough to make your own decisions.

The bulltards get angry when you point out stuff like this.

Or you could not be a cheapskate and include a 0.00001 BTC transaction fee.  Surely you can afford less than a penny.

History will tell who is right and smart and who is wrong and fool here...

It is certainly surprising watching how people still reply to this kind of threads.

What determines bitcoin’s price?

its not what its who. and "who" is all who disagree with the current price and choose to act.

FTFY

https://i.imgur.com/eig3sIg.jpg

This is exactly right. You should never invest/gamble something that you are not willing to lose and/or not willing to not have access to for a long time. This will not only prevent you from becoming financially ruined when your investment goes to zero, but will also allow/help you take emotion out of investing, helping to prevent you from wanting to buy when the price is high and sell when the price is low.

totally, we need to shake weaker hands one more time. Sellers have to stop selling for the new rally to begin.

there is no weak hands, stop lying
http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=1&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

Nice chart.

If anyone still don't think we are in bubble territory after seeing this chart.

Read this:
http://en.wikipedia.org/wiki/Tulip_mania

Is this how high you expect the next future bubble to go?

http://s14.postimg.org/iqpl8kvv5/bubble.png

Yes, yess, feel these whales cheap coins, cmon kids, feed them, feed them until they cannot breathe from soo much cheap coins, make them FAAAT, BTC FAAAT. You are going to cry tears of fire and butthurt in 1 year. Print this thread, mark it with gold, then put fluorescent all over this reply.

so we've got an unidentified part of the dot com bubble chart randomly circled, with an idiot newbie claiming we are here for no reason except that he is fallings gimp, and another idiot claiming tulip manic(you're only the 48 millionth person to try and make that nonexistent connection) meanwhile no one has provided any reason for these things. you guys are about as reliable as miss cleo

Tulip Mania?  Really?  You absolutely, positively have to be the dumbest M'Fer on this entire board.  In fact, your mere existence here drops the average intelligence quotient by 32 points.  There isn't a scenario imagineable where your views and input could be considered valuable in even the slightest of senses.

Welcome to ignore.

Falllling you idiot, you cropped the wrong part of the graph!  That part shows support for an up trend!

Yes our graph looks exactly like the Tulip Craze (which only lasted 3 years)  ::)

http://www.thebubblebubble.com/wp-content/uploads/2012/05/Tulipomania.gif

The true idiot is the one who can't handle discussion and calls someone an idiot simply for disagreeing with him.

You should go to learn what is happening when we are in a truly vertical parabola and a fast sharp surge.

The large 30% move down from the last peak show the start of a bursting bubble.

http://3.bp.blogspot.com/-rKS8j1Ik_Q8/UqJNbiUbJCI/AAAAAAAAE6o/H5STd_AQxCQ/s1600/Wave+Count+BITCOIN+12-5-2013.png

My response to this is that, unlike Bitcoin, Tulips had no value and no utility.

Bitcoin obviously offers a hell of alot more than tulips do and it has the hashrate to support a $5xx price point

SMH at these fools

Disagree.  If you want intellectual debate, you need to offer an intelligent view/opinion in the first place.  Posting random charts and saying, "IT'S GOING TO FINAL CAPITULATION, DON'T LOOSE YOUR MONEY" is not a well founded, logical and rational view backed by fact and interpretation of those facts.

There's no question that the 'bubble popped' after the $1xxx heights (as far as btcers define bubbles).  However, this isn't even a bubble, the Tulip Mania was a bubble because it worked itself up, popped, and never returned even a marginal percentage of the value(s) obtained during the/its bubble.  Bitcoin surges up, and then corrects downwards.  The only possible period where BTC saw a 'bubble' was the $3x to $2 crash.  Sitting here and saying we're in a bubble and 'final capitulation' is coming is ignoring all of the facts and trends that BTC has gone through in favour of ignorance and misunderstanding of the real facts.

They had a value.

By 1636 the tulip bulb became the fourth leading export product of the Netherlands, after gin, herring and cheese. The price of tulips skyrocketed because of speculation in tulip futures among people who never saw the bulbs.

By 2013 the price of bitcoin skyrocketed because of speculation in cryptocurrencies futures among people who never saw the source code?

Be honest, are you 100% in bitcoin or 100% in fiat right now?

http://zachandjody.com/blog/wp-content/uploads/2011/06/15.jpg

Neither.  But it doesn't matter since I have a negative cost basis.  Yes, that's right, It could go to zero and I'd still be in the black.

This chart doesnt even relate to the market movement, at least come with something substantial if you wanna make us believe you.

People who equate Bitcoin to tulip, don't know what is Bitcoin and don't know what they are talking about. It's like equating Internet to the dot com bubble. And here we all are, using the interwebs.

600 in 4 days, mark my words here

+1

Marked.

Is there really any consequences of being wrong?

You can plant a tulip bulb, get a flower, and each bulb splits into two bulbs every year. That's some sort of value, even if it's not a huge amount of value.

In this moment we have just dropped under the $500 line, it's time for another crash or it will recover?

Yes, I let you kick the OP

If it falls to 400 then Im going all in as we all know that it will eventually recover. But,  while I think we will get into the 400's, I think it will be tough to get below 450.. if we get below that point, it will probably test the 400 point..

If we don't break 600 soon we could go down 100-200 points,

I honestly don't think we're going much lower than 490 in this particular correction. But there will of course be more severe corrections later on. I think BTC can gravitate towards 500 for a while.

Indicators disagree, daily stochastic RSI is around 80 meaning overbought.

I hope it does go up :'(

We are still in the downtrend started by the big bubble crash, let's hold and see when this drop will end.

agreed, bitcoin is going to nowhere but down!

Relax and wait for bitcoin mining to hit next difficulty increase around 25% and watch the price go up after that. That alone will decrease the btc dump happening and increase the price.

I think you underestimate the profit margin of some of those corporate mines.

I would equate the blockchain technology to the internet. And bitcoin and all the altcoins to dotcom companies.

I am pretty sure I know what I am talking about.

so, bitcoin = netscape

?

too drastict, 4 days is a very short time for that prediction

Lots of people will line up to buy at 400.

Last time it hit this low, there is a strong resistance at 400 and it stays there for over a month.

The Winklevii has an insanely big position and will buy as soon as they think price is getting way to low. We have "good whales" among us guaranteeing Bitcoin will not crash. Enjoy the buttburt months from now when it's higher than ever and you didnt bought/sold all of your cheapo ass coins to whales.

Up and down, up and down... I really can't predict where we are going, but I hold and hope in some brighter future.

They are the one that bring bitcoin all the way from 20 to over 260+.

The price crashed down to 66 later and stay below 100 for a while. I don't see any suppose whale trying to buy up all the coins to 200 before China bubble.

We will continue to rebound in the 450$ 650$ range for a long time, maybe bitcoin have reached a sort of stability.

It seems like a lot of people are preparing to go all in at 400.

I might buy a few more at 400 and will sell it 500 for 20% gain.

Back up to $510 now, it'll go up to $550 and drop around the $450-$500 mark.

Why?

because $5xx is just a dead cat bounce! a fake recover!

Hahaha I really hate to give the game away but predicting the "xth" dead cat bounce is a hilarious strategy,

I'm predicting the next surge soon, all the indicators are starting to come together.

I think the next surge will not be slower and have a lower peak than expected, maybe around 3 months and maybe get us up to $2.5k

Ah, a moon prediction? Interesting. What time frame, and what indicators are you looking at? I'd love to see a chart. The daily and weekly are quite bearish. Until I see a strong reversal on the daily, I make no assumptions about a big move to the upside.

The value has been stable for too many days now, probably soon there will be some movement.

504$ right now, the $400 value seems too far away from here to be reached in a couple of days.

Moon and stars told me that actually it's perpetual dead pussy bounce and its cycle always ends higher than previous one.
It's a shame that you cannot distinguish dead cat and dead pussy....

4-5 days is too many?  ;D

The price has been pinned at range 495-505 for the last 4-5 days.

This is the moment of truth. Will bull prevail or will bear finally beat bull? Place your bet!!

Yep the market may just be shaking off weak hands before prices increase once again ???
or falllings prediction may come true ???

if fallling prediction will be true again, than it mean only one thing, fallling is a whales that is manipulating the market

Weak hand should be shaken off by now after 2 weeks of down trend.

The next resistance line is at around 400. If this level can not hold, then 400 is where it will be on next resistance test.

He is probably the minion of some whale that wants to get in.
Or he is a cunning bastard with a plan to drop bitcoin so low that the cascading upsurge will create a new ATH beyond your wildest dreams.

or he's perma-butthurt from selling his $1214 coins at $500

most of you can see the downfall of bitcoin coming but refuse to admit it

Stupid is as stupid does.  And most certainly stupid is listening to you.

looks very likely given the fast drop from 500+ wonder if it will go under 400 ?

The prediction will be true if we will see a little more panic sellers exiting the game in these days, but if not we will rise again.

A lot of panic speculators in bitcoin right now. Time to get rid of them anyway.

In any case, if the price drop to 400, that will awake many sleeping giants.

if the price drop to 1000,900,800,700,..400, 300, 200, 100, 50, 10, 1, 0.1, that will awake many sleeping giants.

thank you

it's happening

drop is the only way out!

Where is it happening? price seems to be relatively stable.

You're my favourite troll. Every thread I see I enjoy more :) Part of me hopes you're a closet bull doing this for your own amusement.

He is everybody's favourite. :)

Falllling becoming worried we won't see the long-promised big drop? :) Would be so good to see him being proven wrong. Almost more fun than having my stash appreciate in value! Almost.

i will be right again of cause

FTFY :)
Yeah, there may be some more drops, sure. But your strategy of proclaiming Bitcoin's complete breakdown forever may prove to be faulty. I think it will prevail in the long-run, even if there are a few speed bumps along the road!

I too haven't really figured out his exact motives... He may be someone who has lost a lot of money and thus decided to get out of Bitcoin. He is now effectively convincing himself that it was the right decision! Human psychology is an interesting thing!

thanks, can't tell much about the future of long-term now, the final capitulation problem comes first

Bitcoin will of course have it's share of bubbles and it's share of crashes, but over the long run it will likely increase in value. What will ultimately cause the price to increase is more people using it and adopting it for the majority of their commerce.

well, volume is very low, I guess most ppl who sell at this point are pro miners. So this could turn to be double bottom.

Got to admit anyone who has anything invested in bitcoin right now probably is worried and I can't say I blame them. Worrying is only our way of dealing with what we are seeing. I truly believe we will see it go up but it's just taking time.

$456.3 and continue to go down!

Where? Bitstamp 463 Bitfinex 464...

that's its low in 24hours


it'll get lower don't worry

I don't worry just because bitcoin will rise again one day nad that day could be closer than expected.

Cool, thanks, ok  ::)

fallllllllllllling

"dead cat bounce!" "dead cat bounce!"

haha