Bitcoin Forum

bitcoin is going down pretty hard, please give your opinion:

Is GABI going to use their fund to short bitcoin or buy up the price in the next 48hours?


BTW, if you have been fooled by fonsie / dropt / maker88 / Sevvero and other bull scammers to buy in the recent dead cat bounces:
you can now ask them to pay you back :)

Not today, it's too soon. Maybe tomorrow.

what a surprise another bear post by falllling  ::)

If it does fall that low, it will take more than a week or two.

How do you position yourself to benefit from the down trend?

Buy the crap out of it, does anyone here actually believe BTC will never see new highs again? hahaha

I agree, don't think we'll even hit $450 today.

Will join in on the fun and games though - My predictions for rest of year 2014:

BTC $

Bottom: $411

Top: $1724

(Price will stay around $410-$600, then a significant ~19+ day rally will begin)

A lot of margin traders will make net loss (Fiat & BTC) during this rally period, due to liquidation times >28Hrs

There are more chances to reach $500 than to go to $450 in my opinion.

i think it will raise soon to 1000$+

and the minimum it will be is 400$ i think

$400 is believed to be line of profit for miners. Most of them will stop selling coins if price will fall below this level.

I'm quite certain we won't go down to $400 today. I think, we may go back to $400 at some point in time, but even that is quite uncertain in my books. Today would be a very very big surprise!

Ha, no! Hell no! That's much too low to drop for a day. Even in these uncertain times, dropping to $400 would be insane. There's too much resistance and people willing to buy coins that cheap. The only thing that could go to $400 is a cascading liquidation of margined longs on Finex. But even that's not very probable!

We will go up again today, or at least tomorrow! This is just a lone hiccup in an otherwise fruitful market!

:D Now, I wait for staaaagnating.

Success!

The only scammer is fallling he promised 3xx$ and 0$ coins last time we were at 450$, lot of people sold to buy cheaper and we went back to 520$, those people bought at 520$ and we went down again. Ask fallling to pay back your losses.

I did nothing but tell people to hodl, everybody who listened and now has less BTC can ask for compensation. (wich is impossible BTW)

20% in one day? Who on earth would bet on something like this happening?

Somebody stupid like fallling, that's what he did and now he's talking or at least he's trying to talk the price down, so he can buy as much BTC with the money he got from picking up cans at the side of the road.

It's completely obvious we won't go down to 400! We'll remain at this level for the time being. This is the new all-time level, it's decided!

Not today, but maybe within a few days. Total bottom - realistic 200-250 USD or in absolutely bearish case - 100 USD ;) But I bet the first variant :)

after months of crazy swings, price is looking pretty solid... so not today, not tomorrow, not for weeks or months, if ever again. good luck.

I'd be highly surprised if we go below $350. That would be painful enough in my books, but we've been there before for a short visit. I guess people do get quite fearful when we're approaching those realms again!

Price seems to go down on Sunday so I can see $450 but then I expect it will work its way back up over the week.  It's called a trading range.  I'm a little disappointed its not closer to 600 in the aftermath of the US Marshall Service auction, but oh well...

Good Luck!

I thought $480 was the lowest, but I did not know the price seems to go down on Sunday. Maybe it will go down to $450.

Well we were definitely going in that direction after the auction! The price went back down at about $550 though. It seems people weren't willing to buy more coins so we went back down again. Sadly, this shows that we can't rely on a single "big event" to bring us up again, anymore!

Do you think the auction winner paid less than today's price?

Price goes down to 475.

Everyone weeping except falllling.

if "everyone" have listened to me to cut losses at $620 or $5xx then they would have no need to weep

This mean you don't have any Bitcoin in your wallet ?
You sold all your Satoshi in order to "cut your losses" ?  ;D

At Bitstamp:

on 2013-12-06 it dropped from 1020 to 814 (20%),
on 2014-03-27 it dropped from 581 to 475 (19%).

These were only open-to-close changes.  There were several days when it dropped more than 20% in less than 24h, but in most of those days the price recovered partially by the end of the day.

thanks for the given data

• You also told people to "cut looses" at $460, then it went >$500.
• You also told people it'd never go above $517 and it did 10 minutes later.
• You told people it was going to $350 on the last sub $500 dip, it only went to $45x and then back above to $520

Summary:  You're an idiot.

By my count, we are in a similar position now, but the movements take significantly longer, so I doubt we'll see a daily 20% drop soon.

No we won't get to $400 today not even tomorrow.The price will go up slowly the next weeks.HODL and you are safe do not listen to falllling he is a troll...

http://www.thestreet.com/static/rules1.html

Bulls make money, bears make money, pigs get slaughtered.

Remember to control risk.

Both of those drops were reactions to Chinese government "bans". Since the end of April, there haven't been any similar bad news relevant to the Chinese markets.  That may be why the drops have been more gradual: they have been vague "epidemics of pessimism" rather than bomb blasts.

EDIT: Actually I don't know whether the 2013-12-06 drop was due to the "december decree".  The decree was published a week later, is that right?  If so, then the  2013-12-06 may have been triggered by inside info, or by other causes.

my opinion is that, we are on the week end, it's normal, will recover again soon

LOL...awesome.

Bad news can only trigger drops that are already possible at a certain market stage, maybe amplify them a bit ( like 10% - 15% ).
Bad news also made the market move faster. If the bad news from China would have continued, we would have hit the bottom and by now we would be going up.
The lack of new bad news (since April) from China puzzles me. But maybe the PBoC wants the bubble to deflate gracefully, to avoid social unrest.

havent scammed anyone or told anyone to buy retard. just cuz i buy and explain why i buy and why i think your ridiculous predictions are not logical thoughts doesn't mean i told anyone else to do such things. the difference between us is you DO tell people what to do, and that is sell at a loss. i would never tell anyone to sell or to buy, thats their choice, and thats why you're such a piece of shit, you try and make people do things based on fear not logic, and the fact you try to influence them at all also makes you a horrible person. once again i didn't tell anyone to buy, i just bought some myself, and explained why. so I'm a scammer? clearly you have proven you don't know what that word means. like most words.

It's gonna go to $450, i don't think lower, but who knows.

Enough fall for the weekend .Lets hope BTC will see some uptrend on Monday.

I don't think that the PBoC is paying attention to bitcoin anymore.  They have blocked all uses that could matter to them, namely as currency of commerce, as investment instrument, and as alternative to official banks.  Bitcoin in China is now just a gambling tool -- and the PBoC does not care about gambling.

If Chinese citizens use bitcoins to move their money out of China, that is actually good for China's economy because it means that foreigners who buy the worthless bitcoins from the Chinese for dollars are paying for their citizens' expenses abroad.  The reverse traffic (foreigners selling bitcoins at the Chinese exchanges and withdrawing the CNY) must be too small to worry.

Other Chinese government agencies may still be worried about uses of biitcoin for illegal commerce, bribery, subversion, etc..  The consumer protection entities may be worried about people believing in moontalk and losing their savings.  However, those agencies already forced the exchanges to use strict KYC/AML procedures, and forbade them to aggressively market bitcoin to the public.  Presumably they are satisfied with the status quo too.

must be the newegg labor sale

It is amazing how a period of stagnation can suddenly correlate to the long term failure of Bitcoin...   ::) 
I'm truly impressed by the approach and timing of these threads but the lack luster amount of facts given by the OP is just too much for me to ignore.  Even if the price goes to $400 so what?  What has been proven other then a predicitoin for a single day?  Don't people deserve more information then OP is willing to give them in order to be taken seriously?

Death of bitcoin is inevitable, but timing is hard to predict. It could be hours, days, maybe even weeks before it finally collapses.

Isn't Coinbase or something pulling a Gox as well?

I've been offline for a couple of days. I just logged on and noticed that BTC had crashed again, thus activating and filling a buy order I foolishly had placed a bit too high, since I've been way too bullish on Bitcoin lately.


EDIT: Phew ... I was wrong. My order was actually placed a bit lower than I thought, just barely low enough to not be activated. So I'm gonna pull it now, and place it somewhere sub-400 instead, since we're going very low near-term, due to the impending collapse of Coinbase and several other BTC entities.

I heard they recently ran out of bitcoins, but I've not heard anything about them pulling a Gox. Where did you hear that?

So many newbie account bears & trolls are being made. My only question in regards to them all is how many are owned by falllling?

Bitcoin will never again drop below $425 for more than a few seconds at a time.

any one think that GABI is going to short bitcoin with their $200 million dollars?

NO, it is confirmed by a source inside GABI.

How much can you earn by picking up cans at the side of the road? There is a guy round our way who does it.

If we see $200 itll only be for a second. Too many of us would sell everything that we own and buy as many bitcoins at that price as we could. Then again, china gave us our most massive pump. They're also the biggest miners and could give us the biggest squeeze. I wouldn't mind a few months of a $200 bitcoin.

Same here. Sometimes I think that I wouldn't mind if 200$ were kept until next halving. I always wanna cry when I see how much money is pumped into mining, with reduced rewards maybe some miners would switch off and some shady asic companies would fall.

When is the next halving likely to be?

We're all owned by Goldman Sachs and JP Morgan Chase. And The Fed.

Last November, people said the same thing about sub-800 prices as well. Look at the situation now. BTC can't even sustain a price above 500. Too much selling and way too little buying happening.

If we get to 200, those who currently are bulls won't do much buying. Instead, they'll panic sell every bitcoin in their possession.

Possible. And I'll buy. ;D

silly people never learn btc goes up always

So, we're still well above $400 it seems! I guess we can close that poll now, since it didn't happen - as expected. Also, I guess there are no news about GABI, are there? Guess them shorting is rather an interesting conspiracy theory, than an actual possibility.

POLL closed, i think they are already shorting with a part of their fund

I think you're a looser scammer!

agree

should i reopen this poll again?

Insider info. Moon gonna collide the Earth. We all die in just days. Time to dump everything! Do you agree ?

agree, cut loose from earth

News just in: Fallling was wrong, AGAIN.  ::)

confirmed, don't fall for fallling his scams

Fallling is buying cheap coins, he lost money also ;)

Paypal news pry yet priced in, also people might be standing by for what Apple have to say tomorrow.

if we don't hold at 450, I could see 350 instead.  ::)