Bitcoin Forum

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

There could be a drop back into the mid-200s in the next few days/weeks yet that's where the area where traders and bulls are looking to scoop up heavy so it's unlikely to go below the trendline. And from there, the next bull market of galaxy potential could be lifted off at.

We might see a drop at the double bottom of upper 200s, but will be a brief visit.

You and me both, and probably a lot of others.

So current price is the bottom :)

There's simply too many people who will buy at ~250-280, don't expect a lower drop than that. If somehow we go below, don't expect it to last long and grab your cheap coins.

The drop towards $200s has been talked over and over by people on this forum, so don't even dream it to come.

Only panic sale can trigger massive price drop, but do you feel any panic or fear among people when they are talking about $200s? At least I don't.

thumbs up for old good prices :)

I think one factor that effects that is how fast the drop happens. I remmeber, when the price was around 450, then people used to say if it would go to 300, then they would buy 50K worth of bitcoins. But the drop was happening really fast, and a lot of them didn't. However the high 200 , and the low 300 does look like a stable bottom for now.

Thats just my opinion, but if it would break 275$ i wouldnt go full retard buying it at that price, it would most likely go to the lower end of 2xx range

Yes and it's a good thing to "view" the low level ... long term life economies can project on good futur.

http://imagizer.imageshack.us/a/img908/944/3eT4nv.jpg

and ... like you see, big UP on the red line (normally ?).  ::)

I remember people talking like that in September.

Rate of change definately plays a role, but IMO the reverse one.
If the drop happens rapidly, it is likely to be a panic-driven selloff that quickly rebounds = instant profit for those that buy the dip.
If, however, it happens slowly (like the current trend), it reflects people slowly losing faith and I would hesitate to buy at any level until there is some clear indication of a trend reversal.

makes sense!
but thinking in the current conjecture, which would be a rapid drop?  which would be a slow drop?

what is the reference for measured the drop?

Correct time to enter is when 1 BTC= $100. You could make almost 3x more.

Double digits this year.

You keep saying that, but then why not single digits?

Wherever it goes, I'm a buyer  :D

Almost everyone who want to sell have already sold, now the only sell pressure comes from daily coin generation, and since many profit oriented mining operations are going to shut down, the mining will shift to home miners, who are the backbone of bitcoin ecosystem. A true bitcoin miner never sell more than 10% of his coins in 5 years period

This is year six coming up. A lot of mining was done the first year.  :o

very unlikely, many people will buy at 100-200 range is not even funny, worse case scenario is 200 or around that

The biggest mining operations might force everyone else out by continuing to mine when it's unprofitable. They have probably got the money to do it saved from earlier this year when mining was very profitable.

I think the only thing that is certain right now is that BTC will eventually rise. It is just a matter of time.

In statistic terms there is a lot of probability that bitcoin will rise and not drop. Then, there are many interest about bitcoin and no one would want that bitcoin drop to 100-150$. So, keep calm and wait for the next year, 'cause I think that thing will be better than this year  :)

I don't think we go beyond the previous bubblepeak of USD 257.

It's interesting to see analyses more bearish than mine. ;D
https://www.tradingview.com/v/MW7ZZW0C/
https://www.tradingview.com/v/DMMyayp9/

It might happen this droop will have mythical dimensions.

Too many people sell for new year and christmas, wait for 2015, I expect some small rally on the first week.

Like Venus de Willendorf?

Everyone that sold for tax purposes has sold. Buying for the new tax season starts in about 40 hours.

Surprisingly, the 24 hr volume on bitstamp has also gone down. Which might be one reason for the stable price.

Shopping centers are out of stock of many things I want. Oh my gods! They are gone forever! This time of year is when I used to like to go on warm weather vacations except now I live there. My point is, this is only a cycle thing. I didn't expect it to go this low, but I'm not too surprised.

I thought the same as you until I saw the last series of "home" miners i.e. the SP20 and the S5. For a few bucks you'll get the best J/G ratio and without worrying about pre-orders.

I think that mining centralization is less a threath that I suppose it was a few months ago.

See: https://blockchain.info/pools?timespan=4days

This has always been true, and will be again.  I don't see us going significantly lower.

The question posed was this year (2015). There will still be a set percentage of people buying in at the "absolute bottom" marks along the way - keeping it treading above that line through 2015.

Well I for one don't think it will drop, it will remain steady.

what many dumbos in here don't realize:
if it breaks below 280$ now for much longer than half a day it's finito, done with, over, byby - all your dreams will be crushed in that case and bitcoin back to 5$ because the longterm bulltrend to which everyone is pointing all the time would be broken, a new bearmarket on the super-trend would start and we'd likely end up sub 1$ prices.

We're dangerously close to that trendline. It'll be one epic panic if we break that. If it doesn't bounce now you can burry your pipedreams.

There will be a lot of opportunity in this scenario. But I do not think we will see the mega drop. Panic, yes,  but not a washout like that.

Point is as the price gets lower it takes less people to literally buy the entire "sell-able" supply... remember not everyone is selling and not everyone has their coins on exchanges or online at all for that matter.

At $200 per coin, I can literally buy all the bitcoins for sale with no issues... Other people who aren't broke (Less than $200K income per year) can join in on the buying and that's what is happening now and preventing BTC from breaking $300. Now the 2015 pump is on the way so good luck to all!  :-*

I think btc new big drop is pure troll, if you dont buy this time you will be so sorry, thats all that matters. this is the 2014 low, buy now or lose another year of your life

never seen double big drop in a row, it won't happen, we are staying at current value for a long time

I hope we do that... until the next bull run in anticipation of the block reward halving.

I would somewhat doubt we will see sub $1 bitcoin as there are probably not enough people willing to sell at lower levels and enough people willing to buy at sub $200 and sub $100 levels. I do agree that sub $280 will probably mean a further >$50 drop at least

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

You and everyone else. Hence the price isn't budging :)

So it'd be a good time to buy now before the 2015 high?

this make sense to me.

Few people thinks the same, man...i see a lot of thread talking about this bull run coming. Are they trying to convince us or themself?

Both.  I see those fanatics starving in their trenches, quarreling with rats for the remnants of their rotting, half-eaten comrades & dreaming of world domination.

http://s1.postimg.org/3wrtddx2n/itsok.jpg

Bitcoin is embarassing at this point.. I can't even tell people about it, it's just a stagnant waste-land... If I haven't been sitting in fiat for weeks now I'd be really annoyed.

That would probably actually be the worst price to buy at. If we break through the $300 level then we will most likely see a significant drop below that. It would probably be wise to wait some period of time to see how far the price falls before buying sub 300

looks like the Chinese market is leading the sell off this time

Bottom fishing can be dangerous if you don't set hard stops.  I don't reccomend if unless you have trading ecperience

drop is here!

Let it drop! Waiting to buy lower! ;D

2011 disaster is repeating. Recovery is possible but it's unsure if it will ever recover, maybe it's stepping now in the path of the Second Life bubble which never recovered.

IT HAS BEGUN.

This is the last week you'll be able to sell btc for 300 USD.
Get out before total collapse! There will be no recovery!

Oh, come on, "total collapse"? The bubble continues to deflate, at some point there should be be a true recovery.
But it's possible to be the last week with price above 300$ for several months.

Disaster? Lets see where we are in a few months. There are a lot of people dying to buy bitcoin on this forum. Hint: everyone bashing it.

It's not funny..

Don't feed the troll...drop are just normal.

well if you trolls do believe what you are saying here then you most probably are sure bitcoin is not going up by this summer? bet here! https://www.betmoose.com/bet/bitcoin-above-500-in-june-2015-1065

Who are you trying to fool?
Bitcoin technology has been surpassed by 3 generations of new crypto currencies.
Bitcoin is slow, bulky, insecure, not anonymous, centralized, halted development, shitty difficulty adjustment.
Most coins have been hacked or scammed from legit users, market is completely cornered by those criminals.

I see somebody invested in some shitcoin, right? Good for you, no other way to learn but to lose it all once in a while.

Shitcoin beats buttcoin in all factors i mentioned before.

Bitcoin, as a currency itself, is pretty much done with. The only positive to come out of this will be the Blockchain and it's secure ledger usage.

Except one - the level of adoption.

u were right dude!

We'll see in a few days after CES 2015 with IBM's ADEPT and the World of Bitcoin exhibits.

Interesting. I am sure the site is receiving a lot more bets now.

You were in bitcoin since 2010 and you believe it will collapse ?

What's this?

https://i.imgur.com/TbEEO4S.png

http://stockcharts.com/school/data/media/chart_school/technical_indicators_and_overlays/relative_strength_in/rsi-5-ebaydiverg.png

welcome to the normal price, let's bitcoinize