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Title: Bottom will be 230-270 Post by: wobber on October 04, 2014, 11:21:22 PM Bubble retrace from 1.1 to 0.55 ~=
Bubble retrace from 32 to 7 =~80% Bubble retrace from 266 to 50 =~80% If bubble retrace from 1160 is also ~80% that would mean prices of about 233. WE ARE VERY NEAR THE BOTTOM. Title: Re: Bottom will be 230-270 Post by: exocytosis on October 04, 2014, 11:27:01 PM If bubble retrace from 1160 is also ~80% that would mean prices of about 233. That's a big if. It's different this time. The bottom is zero. Title: Re: Bottom will be 230-270 Post by: BusyBeaverHP on October 04, 2014, 11:29:20 PM I don't know about everyone else, but this is my buying price target:
https://i.imgur.com/ddQBZZF.jpg If it doesn't happen, I'll just have to catch something on the way up. Title: Re: Bottom will be 230-270 Post by: knight22 on October 04, 2014, 11:30:28 PM If bubble retrace from 1160 is also ~80% that would mean prices >:( of about 233. That's a big if. It's different this time. The bottom is zero. ::) ::) ::) ::) ::) Title: Re: Bottom will be 230-270 Post by: touhonoob on October 04, 2014, 11:44:32 PM If bubble retrace from 1160 is also ~80% that would mean prices of about 233. That's a big if. It's different this time. The bottom is zero. Title: Re: Bottom will be 230-270 Post by: Kontridder on October 04, 2014, 11:44:49 PM so what do we do at the bottom ? :-*
Title: Re: Bottom will be 230-270 Post by: maker88 on October 04, 2014, 11:53:08 PM If bubble retrace from 1160 is also ~80% that would mean prices >:( of about 233. That's a big if. It's different this time. The bottom is zero. ::) ::) ::) ::) ::) well said Title: Re: Bottom will be 230-270 Post by: kokojie on October 04, 2014, 11:54:11 PM You don't get it, there's no bottom. There's a perpetual PoW mining expense that is sucking value out of Bitcoin. As long as no new money coming in, Bitcoin will perpetually fall in value. So you better wish there's new money coming in to boost the price.
Title: Re: Bottom will be 230-270 Post by: exocytosis on October 05, 2014, 12:07:14 AM A $230 Bitcoin is a crazy overpriced coin. Such high prices can only occur in a market still delusional after years of MtGox manipulation schemes. It'll prove unsustainable in the long term, as more miners have to sell more of their coins to pay their bills, while cultists, whales, developers, early adopters and business insiders also dump larger quantities of coins, since they all are slowly realizing the Bitcoin scam is effectively over. The public perception of Bitcoin is tarnished forever, and nothing can save this sinking ship. Almost no new fiat is entering the exchanges. You'll struggle to find buyers for your coins when you panic sell them for $20 in a month or two.
Title: Re: Bottom will be 230-270 Post by: gnode on October 05, 2014, 12:09:49 AM You don't get it, there's no bottom. There's a perpetual PoW mining expense that is sucking value out of Bitcoin. As long as no new money coming in, Bitcoin will perpetually fall in value. So you better wish there's new money coming in to boost the price. No you don't get it. BTC's market cap is 5 billion, compare to following, "Competition in the mutual fund business exploded this week as rivals sparred for a share of the billions of dollars flowing out of Pacific Investment Management Co., which commands $2 trillion in investments. . Gross, known on Wall Street as the "bond king," stirred up the industry last month when he quit — after clashing with other Pimco executives — to run a comparatively tiny portfolio for Janus Capital Management. Investors responded by pulling $23.5 billion from Pimco's Total Return Fund, which Gross had personally managed." One bond mutual fund is 2 trillion market cap. When this "big money" pours into BTC the price will skyrocket. Title: Re: Bottom will be 230-270 Post by: MoreFun on October 05, 2014, 12:11:11 AM A $230 Bitcoin is a crazy overpriced coin. Such high prices can only occur in a market still delusional after years of MtGox manipulation schemes. It'll prove unsustainable in the long term, as more miners have to sell more of their coins to pay their bills, while cultists, whales, developers, early adopters and business insiders also dump larger quantities of coins, since they all are slowly realizing the Bitcoin scam is effectively over. The public perception of Bitcoin is tarnished forever, and nothing can save this sinking ship. Almost no new fiat is entering the exchanges. You'll struggle to find buyers for your coins when you panic sell them for $20 in a month or two. $3 billion ($230) for a next generation currency is nothing and is not expensive at all. If it fails, it doesn't matter where you buy. So, you are full of shit and FUDster. Anyone who believe in BTC, these are very good prices now, for all others, $300 for digital money is still worthless. Title: Re: Bottom will be 230-270 Post by: sublime5447 on October 05, 2014, 12:11:42 AM You don't get it, there's no bottom. There's a perpetual PoW mining expense that is sucking value out of Bitcoin. As long as no new money coming in, Bitcoin will perpetually fall in value. So you better wish there's new money coming in to boost the price. Its not pow or pos that is the problem its mined coins in general, coins need to be issued into existence the mining should just secure the network and ledger. The reason there is no bottom is the same reason bitcoin isn't currency.. Bitcoin doesn't have a market price. Title: Re: Bottom will be 230-270 Post by: exocytosis on October 05, 2014, 12:14:53 AM So, you are full of shit and FUDster. Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am. So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are. Title: Re: Bottom will be 230-270 Post by: MoreFun on October 05, 2014, 12:18:58 AM So, you are full of shit and FUDster. Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am. So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are. Yea trollbears won the last few months, congrats. I meant you are full of shit like saying $230 BTC is expensive. $3 billion to realize BTC potential is a pocket money and can not even work on that vision at these prices. So growth or nothing. You believe in BTC or not. You win or you lose. You troll or you don't. :P Title: Re: Bottom will be 230-270 Post by: exocytosis on October 05, 2014, 12:21:21 AM So, you are full of shit and FUDster. Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am. So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are. Yea trollbears won the last few months, congrats. I meant you are full of shit like saying $230 BTC is expensive. $3 billion to realize BTC potential is a pocket money and can not even work on that vision at these prices. So growth or nothing. You believe in BTC or not. You win or you lose. You troll or you don't. :P A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not. Title: Re: Bottom will be 230-270 Post by: MoreFun on October 05, 2014, 12:22:59 AM I won't feed beartrolls anymore.
Title: Re: Bottom will be 230-270 Post by: DeadCoin on October 05, 2014, 12:47:47 AM So, you are full of shit and FUDster. Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am. So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are. Yea trollbears won the last few months, congrats. I meant you are full of shit like saying $230 BTC is expensive. $3 billion to realize BTC potential is a pocket money and can not even work on that vision at these prices. So growth or nothing. You believe in BTC or not. You win or you lose. You troll or you don't. :P A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not. No, I think you're too bearish. Bitcoin will not fail so soon. I see a brutally strong resistant point cca at least 100. (I'm a long term bear, but bitcoin mania won't so die soon, it's just human nature, don't worry). Capitulation will have to wait for a while. Maybe year or two at least. It will happen eventually, but not yet. Title: Re: Bottom will be 230-270 Post by: exocytosis on October 05, 2014, 12:53:31 AM No, I think you're too bearish. Bitcoin will not fail so soon. I see a brutally strong resistant point cca at least 100. (I'm a long term bear, but bitcoin mania won't die soon, it's just human nature, don't worry). Capitulation will have to wait for a while. Maybe year or two at least. It will happen eventually, but not yet. Uhm ... you do realize that everyone saw "brutally strong resistant points" at 340, 400, 450, 600, 800 ... etc., right? A "resistance point" at 100 might be clearly visible now, but when we're at 140, that point has moved to $50 or thereabouts. The goal posts are moving all the time, just like the buy-ins of the cultist bulltards who claimed that 600 dollar coins were "cheap", just a couple of months ago. Title: Re: Bottom will be 230-270 Post by: pristontale on October 05, 2014, 01:01:33 AM Bubble retrace from 1.1 to 0.55 ~= Bubble retrace from 32 to 7 =~80% Bubble retrace from 266 to 50 =~80% If bubble retrace from 1160 is also ~80% that would mean prices of about 233. WE ARE VERY NEAR THE BOTTOM. If there's one thing we speculators should all agree about, it's that NOBODY knows the bottom. Title: Re: Bottom will be 230-270 Post by: leopard2 on October 05, 2014, 01:04:01 AM You don't get it, there's no bottom. There's a perpetual PoW mining expense that is sucking value out of Bitcoin. As long as no new money coming in, Bitcoin will perpetually fall in value. So you better wish there's new money coming in to boost the price. you don't seem to realize that there will be no new coins when they have all been mined...50% have already been mined...so that theory of yours will maximally explain a 50% drop from now on have a look at other coins what happened when PoW phase ended...they explode Title: Re: Bottom will be 230-270 Post by: DeadCoin on October 05, 2014, 01:15:46 AM No, I think you're too bearish. Bitcoin will not fail so soon. I see a brutally strong resistant point cca at least 100. (I'm a long term bear, but bitcoin mania won't die soon, it's just human nature, don't worry). Capitulation will have to wait for a while. Maybe year or two at least. It will happen eventually, but not yet. Uhm ... you do realize that everyone saw "brutally strong resistant points" at 340, 400, 450, 600, 800 ... etc., right? A "resistance point" at 100 might be clearly visible now, but when we're at 140, that point has moved to $50 or thereabouts. The goal posts are moving all the time, just like the buy-ins of the cultist bulltards who claimed that sub 600 dollar coins were "cheap", just a couple of months ago. You clearly said $10 six months from now, I'm very bearish on bitcoin but I just don't agree. I don't believe we'll see below $50 within the next six months. Let the time tell who was right. But then again, I might be talking to a troll with an agenda, in that case fuck off Title: Re: Bottom will be 230-270 Post by: spiderbrain on October 05, 2014, 01:43:26 AM A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not. This is going to be a fun quote next year. Title: Re: Bottom will be 230-270 Post by: spiderbrain on October 05, 2014, 01:44:16 AM WE ARE VERY NEAR THE BOTTOM. Thanks, wobber, that's almost bullish. Title: Re: Bottom will be 230-270 Post by: nuff on October 05, 2014, 05:47:04 AM sub $280 bitcoins? post 2013? are you joking or you just pull a figure out of your arse?
Title: Re: Bottom will be 230-270 Post by: wobber on October 05, 2014, 09:43:42 AM sub $280 bitcoins? post 2013? are you joking or you just pull a figure out of your arse? We're about $35 to that target. Give it a few days and we're there. We'll see who wins and who loses. Title: Re: Bottom will be 230-270 Post by: Amph on October 05, 2014, 09:50:07 AM So, you are full of shit and FUDster. Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am. So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are. Yea trollbears won the last few months, congrats. I meant you are full of shit like saying $230 BTC is expensive. $3 billion to realize BTC potential is a pocket money and can not even work on that vision at these prices. So growth or nothing. You believe in BTC or not. You win or you lose. You troll or you don't. :P A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not. i'm quoting this for further "gtfo", but i know, you won't be here anymore by that time Title: Re: Bottom will be 230-270 Post by: wobber on October 05, 2014, 09:59:01 AM $13 more USD and we change the prefix from 3 to 2. And along with it, new panic sell will pave the way to 250s!
Title: Re: Bottom will be 230-270 Post by: Dalmar on October 05, 2014, 10:29:36 AM Bubble retrace from 1.1 to 0.55 ~= Bubble retrace from 32 to 7 =~80% Bubble retrace from 266 to 50 =~80% If bubble retrace from 1160 is also ~80% that would mean prices of about 233. WE ARE VERY NEAR THE BOTTOM. In 2011 the bubble retraced from $32 to $2, that's a 93.75% decline. 1160 minus 93.75% it can go as low as $72.5 Title: Re: Bottom will be 230-270 Post by: wobber on October 05, 2014, 10:33:08 AM Title: Re: Bottom will be 230-270 Post by: µ on October 05, 2014, 10:35:47 AM Bubble retrace from 1.1 to 0.55 ~= Bubble retrace from 32 to 7 =~80% Bubble retrace from 266 to 50 =~80% If bubble retrace from 1160 is also ~80% that would mean prices of about 233. WE ARE VERY NEAR THE BOTTOM. Sounds good :) Title: Re: Bottom will be 230-270 Post by: icey on October 05, 2014, 10:44:36 AM I'd love me some $230 coins!
Title: Re: Bottom will be 230-270 Post by: wobber on October 06, 2014, 11:43:53 AM So far $275 on Bitstamp!
Title: Re: Bottom will be 230-270 Post by: Gargulan on October 06, 2014, 01:59:36 PM Bubble retrace from 1.1 to 0.55 ~= Bubble retrace from 32 to 7 =~80% Bubble retrace from 266 to 50 =~80% If bubble retrace from 1160 is also ~80% that would mean prices of about 233. WE ARE VERY NEAR THE BOTTOM. In 2011 the bubble retraced from $32 to $2, that's a 93.75% decline. 1160 minus 93.75% it can go as low as $72.5 That is disturbing. And bitcoin survive the 2011 correction? Title: Re: Bottom will be 230-270 Post by: serenitys on October 06, 2014, 02:33:21 PM Dead serious.
If it tanked hard down to $2 coins, would you A) bail permanently out of bitcoin B) fucking shop til you drop C) other Title: Re: Bottom will be 230-270 Post by: xcapator on October 06, 2014, 03:18:51 PM A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not. This is going to be a fun quote next year. How about the fact that there are only 13 million BTC and everyone will want one by the 1st quarter of next year ? do the smart thing, drain your fiat and go all BTC... rise while the rest fall Title: Re: Bottom will be 230-270 Post by: fewcoins on October 06, 2014, 03:59:55 PM So, you are full of shit and FUDster. Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am. So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are. Yea trollbears won the last few months, congrats. I meant you are full of shit like saying $230 BTC is expensive. $3 billion to realize BTC potential is a pocket money and can not even work on that vision at these prices. So growth or nothing. You believe in BTC or not. You win or you lose. You troll or you don't. :P A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not. No, I think you're too bearish. Bitcoin will not fail so soon. I see a brutally strong resistant point cca at least 100. (I'm a long term bear, but bitcoin mania won't so die soon, it's just human nature, don't worry). Capitulation will have to wait for a while. Maybe year or two at least. It will happen eventually, but not yet. Very true! There is plenty of dumb money on here to keep buying BTC the entire way down... There will be plenty of dead cat bounces like what is happening today!!! Title: Re: Bottom will be 230-270 Post by: wobber on October 08, 2014, 11:31:56 AM Will we go lower than 275? I guess not...
Title: Re: Bottom will be 230-270 Post by: fewcoins on October 08, 2014, 02:53:28 PM Will we go lower than 275? I guess not... Only time will tell! Title: Re: Bottom will be 230-270 Post by: serenitys on October 08, 2014, 02:59:16 PM I'll be more than happy to buy all your bitcoins today for $20 each, $10 even...if they're that worthless I'll sure be glad to take them off your hands.
The very fact there's no way in hell you'll actually hand them over to me for $10 a piece only illuminates just how full of shit you really are when it comes down to placing no value on this worthless magic internet money, now don't it. Title: Re: Bottom will be 230-270 Post by: piramida on October 08, 2014, 03:00:43 PM A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not. This is going to be a fun quote next year. Doubt it will, nobody will remember who the hell was exocytosis by next year. Them beartrolls will be remembered as fallllling and clones :) Title: Re: Bottom will be 230-270 Post by: anu on October 08, 2014, 03:17:19 PM It's different this time. This is the single most expensive sentence for traders. Title: Re: Bottom will be 230-270 Post by: fewcoins on October 09, 2014, 11:42:01 PM How low will we go on this correction?!
Title: Re: Bottom will be 230-270 Post by: calchuchesta on October 10, 2014, 05:13:02 PM How low will we go on this correction?! Lower than you might thing. Substract 40 to the price you think, thats my motto now. |
