Bitcoin Forum

Price is falling - now $252. In these uncertain times for bitcoin it could easily go a lot lower and quickly
The key questions are
1. will the person or group who would not it go below $177 last time (Jan 14th) come in again and
2. when (eg at $200 or $177 or lower). :-\

You'd like to hope so. Obviously you have to try & look for positives in any situation. In a situation where the price literally crashed to shit it'd be an opportunity to stock up on a lot of cheap coins.

I do not want to see us fall below 200 again though. It's hard to see us even getting back above 300 in the short to medium term. Pretty depressing, shitty times for bitcoin at the moment :(

I'm thinking about selling and buying back later.  I can't see any reason price would go up from here will all the bad media attention around the fork.

I really don't get why people are selling when they should actually buy like mad. If you buy before fork, you will have bitcoins in two forks so no matter which one (or both) will be continued, you have bitcoins in both forks so you are safe. And in the opposite, when you sell, then you will have to decide which fork to buy in later ... Twisted logic huh?

If you have 100btc at 250$ your portfolio is 25K usd

If you have 2x100 btc in two chains you would have 50k usd! Not possible.

You have to go at least /2

So at least 250/2 per btc...

The whole fork thing is overly dramatized. It's a big deal that needs to get resolved for sure. And when not handled properly by the devs it could cause serious drama but I'm confident that the devs care enough are out their creation and it's users to attempt concensus and a smooth transition

You don't get it. By buying before fork you are betting that one of them will succeed. And you have the same amount of shares in both of them which means you always win no matter what. If you sell, you are losing both and will have to guess later which one will win.

No you don't get it! Market will not let you double spend and suddenly be x2 richer. It will self adjust so you get at most the same amount of capital invested. AT BEST.

Please reread what i typed. I didn't say anything about double spend or that you will be 2 times richer. I said that no matter which fork will win, you will have it's shares and don't have to guess which one will it be. And if new fork for example will retain it's value and old one will still be mined because some people will want to, then you will be able to sell your bitcoins from old fork if someone will pay for them doh. It's so hard to get it?

Would the person or group let it go below, hmmmm nope I will be buying as I did last time and many many more will be doing the same and that is what kept it a lift plus a few whales wanting cheap coin, team effort and all that lol

There is a saying, 'when there is blood on the streets'

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Granted this time is a little more risky but if you have spare funds why not?

I know what you say - let me rephrase it (lost in translation :P ).

If you don't sell now you will end up having coins in both chains at about the same value total in USD.

So better to sell now and double your coins in the winning chain.

Hope I made it more clear!

So if today marketcap is 4bn, in order not to end up with 8bn marketcap, it will fall at least to 2bn.

What makes you think both chains would have the same value?
If they are valued equally, which is the winner??

We don't know - that's why 'the market' will self adjust to a worst case scenario (equal weight).

It is creepy how the big support at 130$ (previous breakout for the last bubble ATH) is 260/2. 260 is where the last XT code was released.

I don't think there was a person or a group last time and I don't think there will be person or a group if it happens in the near future. We were all buying, all that saw a great opportunity and who believe in this technology. I first have bought 3 BTCs a bit higher at $190 when we had the last blood bath.

At what price this might happen this time? I don't know, there are big resistances in front of us. I sure hope we don't get to the prices of $177, but if we do, I know it will just be to hard not to add few to my stash.

I don't think there is a need for any group to intervene and manipulate the price. Bitcoin does have support, and even tho i doubt price will fall under
$200, even if it does, there's no chance it will stay there. The only think that i am certain off is this; The more we come closer to block halving, the more
debates, news, and FUD will be thrown in people's faces.

I say it would stay at a price point temporarily, but most will take it as a serious sign which they should depending on the latest news of bitcoin.

Despite being a great money transmitter, its only if technical situations arise like how we are about to split the bitcoin w. the whole block debate. And after they do it based on how transaction times respond.

You can never overly dramatize anything related to Bitcoin, but I'm biased. ;D

It shows that even the people developing the Bitcoin software have some screws loose, how tasty is that?

i wouldn't mind buying more coins at lower levels, but it can't continue endlessly. as it looks now i think we are heading towards low $200's.