|
Title: BTC below $200 Post by: aurel57 on January 14, 2015, 11:01:18 AM Wondering where the bottom will be? And who is selling at these prices??
Title: Re: BTC below $200 Post by: Cummins59 on January 14, 2015, 11:19:27 AM I called this 2 weeks ago and everyone here claimed I was insane. My advice is to Buy BTC now for a short term rally and then dump. When it breaks this support level it will hit $127. Currently there is ZERO incentive to mine unless you have free equipment and free electric. Right now look for every cloudhashing service to bust.
Title: Re: BTC below $200 Post by: Parazyd on January 14, 2015, 11:24:56 AM Just about everyone is selling.
Miners dumping to pay for electricity, BFL got a court order to pay out all the refunds to people ($8M), but them having only 1.2M USD in fiat. Title: Re: BTC below $200 Post by: Cummins59 on January 14, 2015, 11:28:28 AM We were going to open with MegaBigPower last year. We would have been fucked and I had electric at .08 and free warehouse space with all electic in place.
Title: Re: BTC below $200 Post by: aurel57 on January 14, 2015, 01:36:43 PM I sure didn't see this coming but will ride it out. Just wonder if it's just the dynamics of Bitcoins for the future?
Title: Re: BTC below $200 Post by: Cummins59 on January 14, 2015, 01:41:56 PM I like BTC but the truth of the matter is that it is only valuable as a money laundering currency where speed, not stability has value.
Title: Re: BTC below $200 Post by: Amph on January 14, 2015, 01:53:40 PM this is the bottom or jus slightly below that, don't expect double digit, it will not happen
Title: Re: BTC below $200 Post by: NotLambchop on January 14, 2015, 01:57:18 PM I sure didn't see this coming but will ride it out. Just wonder if it's just the dynamics of Bitcoins for the future? Bitcoin--Sound Money That's Full Of SurprisesTM Title: Re: BTC below $200 Post by: Cummins59 on January 14, 2015, 01:59:43 PM So, since you have much more trading knowledge and BTC knowledge, what will drive BTC prices forward?
Ease of Use? Accountability? Profitability? Consumer Security? Stability? Acceptance? Please explain....... Title: Re: BTC below $200 Post by: joesmoe2012 on January 14, 2015, 02:00:43 PM Looks like its back above $200 now, not sure that it'll stick though.
Title: Re: BTC below $200 Post by: HarmonLi on January 14, 2015, 02:04:02 PM Looks like its back above $200 now, not sure that it'll stick though. Never thought I'd be glad to see $200 ;D But I gotta say... over the last days I was like "that wasn't enough. We need to see a bigger drop. On higher volume, panic, and all." Today it feels like this time it could've been the time. Also, if we fail to break out this time, we will quickly go deeper and don't have to wait for weeks or months, hopefully. |