Bitcoin Forum

Who thinks we could see these prices in the near future?

I plan to load up on bitcoins if we get below $125 and buy like 30. However, if I'm thinking like this, maybe there will be too much buy pressure to get to this price again as other will wants to jump on these cheap coins.

I still can't tell if we're on the way up or not honestly. I thought we were, but now I'm not so sure.

Only time will tell I guess.

Buy pressure? LOL, look at the order books, the only thing happening with buy pressure is it's reducing by the minute.

With current economy you pretty much have a guarantee we'll see $100 rather sooner than later.

Re-read my post. I said buy pressure when and if we get closer to those prices...not at the current moment. How can you know there won't be more buying if we reach extremely low prices?

Because the economy is dying, the few bulls left just got killed by the winkelvii and coinbase...
Sure, bears can become bulls, but it requires working fundamentals, which are completely lacking here..

Give it a couple of weeks...

You mean because you are better at guessing the future?

I'd be surprised if we hit below $150 again...too many people won't be able to resist such cheap coins. If we do somehow hit $50 to $100, I think it's going to have an even larger boomerang effect. Too many people will be salivating at ridiculously cheap coins and will mass buy.

We've also had similar percentage drops from previous ATHs that rebounded...

The price of everything though has seemed to of dropped along with t he price of bitcoins.... maybe not "everything" but i noticed gas is cheaper/milk/sodas/food in general/weed (even the black market jumped on board) with this pricec decrease

but to answer your question i would not be suprised if i woke up one day and seen it below $100, also wouldnt be real suprised if i woke up one day and seen in +$1,000 

volatile
[vol-uh-tl, -til or, esp. British, -tahyl]
Spell Syllables
Synonyms Examples Word Origin
adjective
1.
evaporating rapidly; passing off readily in the form of vapor:
Acetone is a volatile solvent.
2.
tending or threatening to break out into open violence; explosive:
a volatile political situation.
3.
changeable; mercurial; flighty:
a volatile disposition.
4.
(of prices, values, etc.) tending to fluctuate sharply and regularly:
volatile market conditions.
5.
fleeting; transient:
volatile beauty.
6.
Computers. of or relating to storage that does not retain data when electrical power is turned off or fails.
7.
able to fly or flying.  <---- maybe flying to the mooon:???

Because nobody knows how low it will go and want to be on the right side of the market when it turns, that is, buying on dips and selling into the buying frenzy. Averaging on the way down is a valid strategy if you're going to hold long term.

Not just possible but that price will be seen soon ;)

I stick at a stabilizing price around 50 dollars in 6 months from now, although it might end up as high as 100. This price level however is unsustainable. Bitcoin is getting more ancient with the day, with development being nearly non-existent and being overtaken by crypto 2.0. At some point, a lot of the people here that are religiously devoted to Bitcoin will realize that, but only when it's too late. The sad thing is that the people that will realize it too late will be the bagholders that bought at 3xx+ prices.  Those people will take the hardest blows, without any opportunity to recover.

As for the short term: in 3 weeks time (before Chinese new year) we'll likely be back at 150, if not lower. Could happen in a matter of days, but we'll see.

who's surpassing bitcoin in terms of developers engaged? Are you crazy? Follow the money...
Crypto 2.0? How about we see crypto 1.0 before that?

^name another coin that's going to be an ETF? Name another coin that's widely accepted by business like Bitcoin? Mainstream is just getting used to the thought of Bitcoin and crypto. There will be no replacement anytime soon. Stop with that bs.

Ripple's XRP would be one, although the Ripple system is much more than Bitcoin will ever be. I'm not aware of the size of the development team behind BitsharesX and NXT, but something tells me those still outnumber the number of people that work on Bitcoin. There has hardly been any true development on the Bitcoin protocol in a long time.


Ah yes, and adoption is 'ever increasing' right? Bitcoin is dying: it has been dying since December 2013, and it will keep on going  in the same direction for months to come. The reversal in the bear market won't happen overnight, as some of you people that are deeply underwater seem to think. Rather, it will take months for Bitcoin to properly stabilize. No such stabilisation is taking place now and 'the mainstream' you are talking about only exists in your head. The average Joe is NOT interested in Bitcoin. Don't tell yourself nonsense just because you've invested into this thing.

Well, thats what was the case with the fist low of 275. But it dropped. Then 152, was the new low, and its hard to say, buy support will stand strong at that level.

I don't think the next big thing has to be related to crypto at all.  All Visa/Mastercard/etc needs to do is develop credit card 2.0, having learned from Bitcoin's strengths and weaknesses.  If they don't, someone else will.  All people really care about is ease of use and the ability to dispute charges.  As for the price, perhaps Bitcoin's true weakness is that instead of purely being a payment technology, it is a currency with a relatively small market cap.  As such, it will be perpetually slammed with volatility.  Instead of the technology making the headlines, it is the price.  The cart has been placed before the horse ..

This is just short sighted garbage.  Dying since Dec 2013?  It rocketed up to retarded levels in a matter of weeks, sure, but to say that Bitcoin is dying because that bubble has been deflating for a year is preposterous.  You need to look outside of the speculation forum and start paying attention to what's happening to the rest of the Bitcoin economy.


I'd agree with most of this.  But I don't think that average joe will even be aware when he's using bitcoin in the future, average joe is dumb as shit.

Yep but these were quite big summs and lower prices will also atract people with less money (normal people) and they will be happy they can buy  1 whole or more whole bitcoins and not some decimal numbers, i imagine big support under 150/100.

What a ridiculous statement.


The difference between bears and bulls boil down to this; Bears think short term & fully formed, bulls think longer term evolution.


That being said, Bitcoin is in a bear market. Bears have been well and truly correct since Dec 2013. It very well might head back into the 100's.

But stocks, commodities, economies etc aren't dying just because their 'price' drops; the price is important but also only one piece of the pie.

I have stopped thinking there is something impossible, after we dropped down to 152. Only a bag dumper holding 3-4K coins is needed to take us down to 190's.

It's going to go a lot lower than $190

I think,Yes is the way to 100-125 maybe this week.

Good post, too few people give reasonable and well thought out reasoning for negative sentiment.

If it drops and stabilizes around $100-$150 the bitcoin economy is going to collapse. It might as well drop to $50 or less at that point. Most mining can not function at that price. We got a taste of this when a lot of cloud companies were shutting down when it hit $175 including most of bitmains miners. With CEX out of the picture difficulty will not shoot up for a while but bitcoin must stay above $200 unless the difficulty starts drops 10%+

Seems to me that the system will just re-establish equilibrium at a sustainable (lower) difficulty.

That is true but keep in mind that if difficulty is going to drop drastically (20-25%) it will take a very long time since block generation will be extremely slow due to diffculty and hash rate out there. It could essentially lead to a 2 week time for a change in difficulty which could do a lot of harm. Kind of like a domino effect. Difficulty drop is only beneficial when its in smaller amounts 5-10% mainly

At perfect equilibrium the difficulty change is supposed to happen every two weeks.

In my opinion the mining difficulty is a non-issue.  The network survived the drop from $32 -> $2, it also survived the first halving which is effectively the same as an instantaneous drop in earnings by 50%

Interesting.  What is the rationale for difficulty adjustments taking so long?

Did you look at the volume at $155? It was the highest we saw in a long time, every other drop encountered just shallow demands and even sells weren't that big because people weren't scared enough. We had huge sells and buys during the last "bottom". Whether that was the bottom remains to be seen, but I'm pretty positive we won't go lower than $180 when this correction waves are over.

I'll go out on a limb and say the same 'record market volume' when it hit the $150 low were the same ones flipping for an immediate %50-100 profit upon the coinbase news.  Yet another mini pump and dump cycle for immediate profits.

The real opposition bitcoin has to face now is how many of the people in it are solely in for investment purposes and not a true faith in the technology?

Market psychology will be an uphill battle, because so many of the current holders will be willing to dump at the first sign of a dip and pump.   Having to overcome the psychology of an already popped bubble market without having the holders continually dump for profits makes it hard for me to ever envision this stuff hitting 1k again, let alone 500 bucks. 

At least I'll own a neat relic of the bitcoin fad- Trezor

it is possible..

i would like to see someone who knows more about the costs and math involved than myself to calculate using asic manufacturer costs to show how much mining actually costs a producers of asic equipment to produce a coin over a 6-12 month period..

that would be very interesting.

I think $130-$140 is definitely possible. I don't see double digits but that last rally was a trap. We're going back down.

Possible? Always was. But now it becomes more and more probable.

It's always possible. I think it will only happens when the're is again a big hack somewhere with a lot of stolen bitcoins. Normally it wont hit the $100-$125 i guess.

$100 is still possible, but for now it's impossible.
It will happen if there are big dump & panic sells :(

And my prediction said we can see $300 again soon :)

i like to watch the top 1000  adddreses  (the whales ):
http://bitcoinrichlist.com/top100?page=1

you will see there many of the richest bitcoiners  have been adding to their holdings during the last few months of depression
i see this as them probably getting stronger and they will eventuially relieve a lot of small timers of their coins before
pushing it to a new ATH and keeping it up there $$$$ ,maybe even $$$$$

stability will come after volatility but only when the big boys decide its time ,now theyre just greedily adding to their collections
at this time when the market is easily manipulated by FUD

You're looking at this the wrong way. $150 coins aren't cheap. They're ridiculously overvalued. The only thing Bitcoin's "good" for is buying illegal stuff on the deep web. The blockchain can handle a whopping 2.7 transactions per second, which makes Bitcoin completely useless as anything resembling a mainstream currency. After this Gox bubble/speculation phase, Bitcoin will go back to a reasonable and sustainable value which reflects its potential as a deep web currency for criminals. That value is somewhere in the double or single digits.

Bitcoin had its fifteen minutes of fame.

The downtrend is still evident. I think we'll drop to a lower bottom than $150 before the next rally. Not so sure we'll reach double digits, but it's possible.

Oh yeah for sure and that's why winkles are investing into this and working on this, cuz it's already doomed. Makes no sense ;) u probably already sold right?

Large investors put money in Enron too, shortly before it went bankrupt. It's not uncommon for rich people to make bad investments.

Well, it's still possible of course, but double digits are still some time coins away, you should always keep that in mind. Sure, there are a lot of bears that will be shorting the current market, but there's no guarantee they won't be wiped out just like the bulls were before!

it would only fail if we let it fail and i wont ,and i know many others who will continue using it and supporting it
its not a company that can go bankrupt
thats one of the mains strengths of btc  ,there is no greedy CEO to make bad decisions

Yes possible for sure!

End of bitcoin

We first have to break the previous bottom of around $150-$175. If we really do approach those levels, a lot of people will anticipate forming a double-bottom there, which would in fact be a very bullish sign and give us much needed support for going up!

I am a long term bull on bitcoin.  Winkies are obviously too, and as it continues to develop and evolve it will be a roller coaster ride.  I think the real telling point in price will be the halving in, what, 2016?   Until then, if it does get down to under $100 I am going to buy 50 more.  At least.  
Again, this is what I can afford to lose, and basically have written it off, that way I am never tempted to sell, until it is on the far side of the moon anyway, and even then...

I think the pessimistic people are people who sold at a loss. Why else spend all day talking trash about bitcoin on forums and trying to create a negative mood?

It's easy... They keep telling themselves it is the right thing they sold or stayed out of the Bitcoin game altogether. They need a lot of confirmation that the thing they did was the right thing and thus tell each other that Bitcoin is going down. It's one way how human psychology works.

Well, maybe they are the people who sold at the right price then. Its hard to be optimistic all the time when price falls from 600 to 200 in a matter of 2 months.

who said it should be easy ? volatility is not everyone
people who bought in the last year thinking they will triple their money or to  the moon are getting into a panic
its not going to be moon time for awhile ,think of it in years or even decades  ,not  days or weeks or months

Didn't you see how much volume there was at 155? I don't think anyone will let that level breaks for others to take cheaper coins than that... too many fat hands at sub 200.

People have been saying that exact same thing for the past year, just sub in different numbers.  No one thought it could break 500, then 400, then 300, then 200, now 100.  I wouldn't be surprised if we see double digits (if only for a day or few hours).  Interest just isn't there, and lots of people who have been burned are out now.

i dont know how you can say the interest is not there ,the infrastructure is expanding almost daily and the supply of coins will decrease over time
you got your eft ,block halving,regulated exchanges and maybe mcdonalds coming soon 
its true some people who got goxxed will jump off the train but thats a small % and many more will get on to replace them

Yeah sure, but at some point the hands just get so 'fat' that there's no breaking that resistance. The greed of people works both ways... People won't be willing to let other buy the 'cheap coins' at $150 while waiting for the price to go lower - which it may not.

Well you posted a pessimistic question

Some times I really think it would have been better if we never had Bitcoin above $1000 in 2013.

At that point Bitcoin realistically wasn't even worth $200 but it peaked at over $1100....

We're now much further and enjoy more adoption of merchants than ever before.

Bitcoin believers, including myself, can look through this, but the normal non tech people can't, they see this as a major step back.

It would have been a very healthy situation if we in 2015 would hit an ATH in the range of $400-$500.

before fabuary ends we will see a price mark of 350-400$ per bitcoin,while the year end seems to be closing around 1100usd

Man,  $100 would be a truly psychological barrier for a lot of people. Breaking that would bring us into new realms of desperation. I'm talking about 5 year holders liquidating assets in order not to lose everything... Don't hope we'll see those levels ever again!

It's possible but if it does get to that level, I'm sure the buying frenzy will get the price going back up quickly.. And I'm sure there are a lot of buyers waiting at that level doing the same.

i believe it but not for this month
 :P :P

Now, no now, no wait now, no wait wait now definitely. It reminds me of a man lost in the desert, convincing himself that the next dune will be the last.

And I said the same thing, when I held from 1000, to 800, to 700 and realized my chances of losing more money were not worth the slim chance of making a small amount.

With current eceonomy you pretty much have a guarantee we'll see $10000 rather sooner than later. Wait for EUR to crash hard and watch people start getting scared of leaving money no their banks and searchginf for alternative ways to store wealth. Look at Greece, its the begining.