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Title: Bear's last hope: we stay between $200 and $300 until july 2016 Post by: BlackSpidy on July 01, 2015, 09:47:19 PM Bitcoin is a deflationary currency by nature. It was unique in implementing this idea until the altcoins came to be. Satoshi's invention will be like the lighbulb, world changing, revolutionary, widely implemented and spreading into new markets years after the inventor's death. Anyways, I believe that bitcoin will follow a base uptrend indefinitely, be it lineal or logarithmic. I believe that there is a floor at $100. we will never again see double digit bitcoins (unless you scam someone out of their bitcoins).
We are at the end of the beartrend since the ATH. We can see now-obvious bottom of $150. The price has only been moving upwards since last month (after the week of absolute boredom both bears and bulls suffered through). The next halving is coming, just one year and 6 months to go, we've all seen the speculative boom Litecoin went through. Litecoin's price tripled its price since may. At the moment, Litecoin is trying to break part the $4 mark. Bitcoin will go back above $300, it's only a matter of "when". At the moment, the best case scenario for bears (that is actually possible to happening). Is no movement upwards until 2016. By bitcoin's deflationary nature, and seeing Litecoin's undeniable revival (with a debatable lifespan after the halving), the most bearish scenario that I can think up (that has a realistic chance of happening) is a perpetual repeat of what we've seen since january 20th of this year (failure to rise above $300 and failure to crash below $200) until 2016, followed by a push up and beyond $1300 (peaking somewhere below $4000 sometime 2017) TLDR: This is the "best" the bears realistically can do: https://i.imgur.com/GrZeEkg.png Title: Re: Bear's last hope: we stay between $200 and $300 until july 2016 Post by: oblivi on July 02, 2015, 06:29:12 PM Hardcores bear will get caught in the trap of waiting "just a little bit lower". They always think "just wait a little bit, it will crash".
If only they knew they are gambling with losing a spot in the most important technological protocol since TCP/IP ever, if they understood that 100, 150, 230 doesn't matter, they would stop fucking around and getting in already. But can we do about this? Not much beside saying it, but ultimately it's their decision to do something about it. Just be glad for yourself that you get it, and that you were there to own complete units of a Bitcoin once it was feasible for the middle class (or even low if you hustled a lot). Good luck and let's enjoy the ride. Title: Re: Bear's last hope: we stay between $200 and $300 until july 2016 Post by: tarmi on July 02, 2015, 06:56:57 PM lovely.
it's a wonderful thing to see bulltards lowering their targets and expectations with time. 300 will be the best opportunity to short bitcoin since january coinbase pump. Title: Re: Bear's last hope: we stay between $200 and $300 until july 2016 Post by: Amph on July 02, 2015, 07:01:01 PM i don't think they care, they will end up shorting again, only in a different range, if you think that shorting has anything to do with the price you're being naive
as long as there are certain kind of swings, and the price do not keep rising indefinitely, there is always a good spot for shorting Title: Re: Bear's last hope: we stay between $200 and $300 until july 2016 Post by: tyrexs on July 02, 2015, 08:05:22 PM i see in chart now strong in price $250 and no reason for price will dumping and i hope this price stable in a month, then up again to $270
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