Bitcoin Forum

Market is still unstable.  Current price will not hold.  I expect drop under 400 usd on Bitfinex this night...

It might be more effective if you could spell common English words correctly.

This should recover tonight, i dont expect sub 400.

Agreed... mondays are typically volatile days too both for uptrends and downtrends, in this case the latter...

I wonder how low we're going.

Why do you expect a drop under 400 usd on Bitfinex this night? Is it just because the market is still unstable, or do you have other reasons?

falllling, is that you?

We'd have to set off a margin call for that to happen. The base price across exchanges almost certainly will not go below 400. Probably stops at 420 in a bearish scenario. But, Finex could go that far if there is a flasher. Sure.

There is still a lot of de-leveraging to go. I think we have some ways to go before we hit bottom. There will come a point however that will cause buyers to swoop in and start to buy massively and will cause the price to go up significantly

nope, everyone think in the same way, bitcoin is going to nowhere but down!

I remember when they said it won't fall below $400. It got below $350. Two months later, it got to $680. I'm not at all concern if price drops, it fact, I will be buying anytime it's below $400

What?  In that other thread you were telling people it was going up.  That one guy even took a max leveraged long on your explicit advice!

When it come to trading, big trend like this will mean most trend traders will short the coin until there is a signal of trend reversing.

So far, there is no sign the down trend has ended.

If we crash under $300 do you think we finally reach the bottom or we will go down again ($200)?

we will go down again! $300 and $200 and lower!

Shaking out weak hands  ;D