Bitcoin Forum

here we go boys.

the final slide has begun.

china will sell till we hit 250 and a panic usa will bring us to 199 in the morning.

night.

Only 5 hrs away from "morning" in the USA.  I don't think it'll drop ~$100 that quick...

You grossly underestimate Bitcoin.

For every seller there is a buyer ;)

the wall only has 50% left, poor fella gave away 15K bitcoins as a charity.

No doubt.

Many a post in these forums insisting we'll never go below 400 again...um, we'll never see 300 -- dammit, 200s aren't gonna happen...

It seems to me the very reality of the 30k wall is enough to anticipate it'll drop into the 100-200 range this week.

You grossly underestimate my estimate.

How do you know its not insider trading.  Maybe big announcement tomorrow will crash the price

Bitcoin has fallen as much in terms of percentages (and dollar amounts) in the past. A $100 drop would only represent a ~ 33% drop from current levels and bitcoin has crashed 50%+ in less then an hour before.

I don't think it will happen, but it is certainly a possibility and if it does happen it would make for a great opportunity to buy more bitcoin

Dear Santa


Please bring us $100 bitcoins for xmas! Thank you!  :P

That is a possibility, without many facts it's as good as any. Although it is very hard to imagine such an announcement.

It'd have to be on the scale of a full national de facto ban with criminal penalties involved for "news" to crash it. But there are multi million dollar corporations who have invested billions into bitcoin infrastructure - there's no national ban in this country regardless (and only noted since it's apparently usa setting the standard, for better or worse).

The gox event and the china situation seem to be the two biggest influences of the bitcoin market. The rest of the bad news and even all of the good news otherwise doesn't seem to have any impact one way or the other.

Or, there's about to be a global solar flare or EMP that kills power and internet.

 :P

And the charity is over, congratulations to the last lucky buyer of 11,000 coins in one go!

Won't be too long before we hit 400 again after the wall is gone.

There. Nothing. It actually went up $20-30.

Hodl predictions until the business day closes, though. It's not even lunch yet...

It aint over til it's over.  ;)

Is that the final slide? Where does the final slide end? Do you reckon it's going to go to $0? I fail to see how this is a probable outcome. A possible one, yes, but not a probable one at all, I believe!

Me and a lot here have been saying it nonstop: BTC will hit on the floor lower than any of the regular posters here ever wanted to recognize.. no doubt it will sky rocket again eventually (or go up in a smooth way), it will go up anyway, but there is going to be a big fucking crash and a lot of Bitcoin ritchies of the early days are going to give their Bitcoins to newcomers that are willing to invest. A much needed redistribution of coins.

So this crash was not enough? How greedy are you?  :D

Interesting, but the people from the early days do know how to keep their coins, time has shown that they don't act as emotionally as later investors do! Also, I think there aren't any numbers that show that this redistribution is actually happening!

Just off the trend and dynamics, the price was already dropping before the whale/wall business though...so I'm still inclined to think this was an anomaly and it'll reset the downward trend a bit lower.

If it gets into the mid 200 range, I'd expect a panic sell off to some degree which could absolutely send it below 100.

But I also see the mid 200 range being a sweet spot for long timers to go ahead and enjoy a bitcoin sale which would begin moving it back up.

Is it out of the realm of possibility or probability that the same whale or anyone else might do exactly the same thing next weekend?


My personal inclination is that it'll hit mid 200s in October and cause a sell off crash, then it'll start jumping up to 500ish by the end of the year.

It's not a prediction, just kind of how I see the dynamics of what's been happening and would've likely gone there regardless of Mr Whale.

Thoughts?

The whale's sell off has no doubt generated publicity, and proved how big the bitcoin market is. The final hour/half hour of the sale saw millions of dollars worth of bitcoins sold. That's impressive by anyone's standards and might help to start pushing the price up, as people who missed out try to buy before the price really shoots up.

i don't think it will happen that much fast
but we can say like this 399 in the morning

Give it a month before that final drop for $200ish mark.

Yay I was wrong for once :)

Maybe will happen tomorrow night?

The market is just correcting itself based on the leading exchange not being there.

Or may it happen day after tomorrow?