Bitcoin Forum

Bears did three major attacks after the grand crash to $166 (bitfinex).

First tanks the price to $172, second tanks it to $197 and the recent one tanks it to $198.

Strength of the bear attacks are getting weaker and volume of bear attacks is shrinking. In addition, we see higher lows.

We may have to say bye bye to sub-$200 coins. Congrats to those sub-$200 purchases.

i only hope this recent increase in price is not only a little "jump back"

I have a feeling this weekend we are either going to plummet to new lows or hit a bull market

I am pretty sure it will go all the way up.

Just have some faith.

Let's pray $160 really was the true bottom.

I'm seeing this too. Markets are always searching, or discovering, price levels high and low. It also acts as a tool for big money to test the market for supply during lull periods and pick up more cheap coins.

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

You cannot believe how much people panic sold in the crash. I guess almost all weak hands who bought in 2014 were already shaken out. They must regret to death sooner or later. But that is the sympathetic reality of trading.

I watched the bear whale sell off and there were initially people putting sell orders a few cents below the whale's. Those people must have regretted it during the rally not long afterwards.

Those who listened to bears  & sold @$160 have lost $50.  Those who listened to bulls and bought @1200 lost $1,000.  So  ...yeah.

those who bought above current price, have only one choice

keeps buying

^
No, they can make the smart choice & sell.

and then buy later when its cheaper  :P Big Risk, People keep buying.

It was $300 at the beginning of the month. $270 five days ago. Now we're at $210. The trend is still downward. Dropping all the way to $152 was a momentary crash in the middle of the night, but after the crash, the price was still down $50.

Exactly. Keep buying to mitigate your losses and lower your break even number. Much smarter than selling like some of these other dipshits.

Bulls keep lowering their standards  ::)

https://bitcointalk.org/index.php?topic=338989.msg3635585#msg3635585

The difference between a bull and a bear is that a bull doesn't make dumb emotional decisions and rides it out, whereas a bear gets pessimistic and emotional and sells at a loss and then whines.

Too short time scales. It will keep going below 200.

160 is the mark we should be looking at. If it stays over that for a few weeks, then the bear market is over.

Suggesting a bottom at $800, 700, 600, 500, 400, 300 is an evil.

But when a bottom is formed in $16x and the level of $200 holds after two bear attacks, it is REASONABLE to call a bottom and suggest a buy.

In comparison, suggesting people to short at $800, 700, 600, 500, 400, 300 is wise.

But suggesting people to short from $160-200 to $0 is evil, greedy and scamming.

Making your font BOLD or in RED won't change the fact.

Did you see how spring works in elementary school? Yes, spring compresses and then resilience makes it JUMP. So is the price.

And don't forget, you pay interests to short. Either the price crashes again in short term, or you will continue to pay for it. While, bulls can be much more patient than you, because they pay nothing to keep the coins. Just one spike, they will catch you.

To shake out new buyers who just bought around 160-200, you need to at least push the price to $150 for stop losses and to sub-$100 for another panic sale. Ask yourself, can you achieve that? And how many coins can you borrow to achieve that?

Anyway, good lucks to you, bold font guy.

what good news says this is the bottom?

from what I see nothing has fundamentally changed apart from more peeps have been selling expecting lower prices

mining, price and the difficulty will show the way soon ;D

Inertia thinking always leads one to believe that history will repeat itself. But the history of bitcoin contains more surprises than repetition.

Food for thoughts

https://bitcointalk.org/index.php?topic=926458.0

My sentiments exactly ! Well put.

Although having just read some of NotLambchop's posting history which has completely blown me away, I think I now feel the need to balance up with one of his gems....

https://i.imgur.com/yYqoc5s.png

It's a veritable richness - the most consistently adversarial posting history I've ever seen while witty and articulate to boot...

https://bitcointalk.org/index.php?action=profile;u=263109;sa=showPosts;start=3840

NotLambChop needs an illustrator to bring this stuff fully to life. It could be the "Charlie Hebdo" of crypto !....possible crypto IPO - can't loose.

I can't say $200 won't be breached, you guys are so quickly jumping to conclusions.

First, as the price gets lower it is going to be harder to reach new lows obviously. This is where most people get on my case because even though I was one of only like 5 people who predicted bitcoin dropping from $30-$2.00, I was saying at the time it would reach $1.00.

So naturally people get on my case for not predicting correct a drop from $2.00 to $1.00, but they overlook the fact that I was the only bear from $30 to $2.00. Go figure.

That being said, I still think $200 is too high for bitcoin when adaption and interest is falling.

The price looks to be doing its typical wait before dropping further. It isn't really gaining anymore, volume is quickly dropping. Even on BTCE volume is really drying up. Signs point for another drop. You see, the fundamentals are still there that don't support $200 dollar bitcoins.

I think we are heading for $100-$150 and it will hold that position for a while.

Mostly everything said in this post is what people have said at every price level on the way down.

Here's another belter...

Someone (a guy called "questionAuthority") is trying to sell notLambChop the idea that Andreas Antonopolis is a person of supreme integrity and that "people love him" because "he sells a constant positive image of Bitcoin".

NotLambChop replies...

https://i.imgur.com/wTjWxHf.png

While I try to think it is over and put on high hopes that the price will rise again, I'll still continue to put cautious on what's to come next. Currently it's still hovering at 207 and another coordinated attack will easily bring it down back to sub 200 level.

> implying $50, 48 hour dead cat bounce translates to bull reversal of 7 month, $1000 crash

http://photos1.blogger.com/blogger/1814/1795/1600/tom2.jpg

Buy, buy, BUY!!

Agreed

LOL. Awesome 8)

I missed that one :D

Sub-$200 coins coming in 4.. 3.. 2.. 1..

$199.663 on BTC-e.  
--
All major USD exchanges now just below $200.
--
Now bouncing around in the $198-202 range.

say hello to sub 200 :)

OP got owned and should apologize for another stupid prediction.

Obvious it's going to go a lot lower from this point. I think $100 you can then argue it won't go to double digits.

The price is holding right at $200 ± $1.  The wall at 200 is gone. Things are very quiet.

Shills gonna shill.


lol@ivyleague

You should be sued for defamation of character.  No way would a Harvard or MIT grad make such asinine predictions based on non-sensical/non-existent fairy logic.  I'm guessing you probably graduated from University of Phoenix.  Class of '0never.

it's sub 200 right now.  prepare for a nasty dip to at least 150 again, perhaps even lower.

We're back at $197. What do you think now? I think we're headed lower. Not happy for my cold storage, but I am in a good short right now. Aiming for $180 to start....but this could develop into a sub-$150 situation too.

Little bounce here, but not enough to close shorts from $220.

Welcome back sub-200
OP must feel silly now for buying overpriced coins.
I recommend you sell now before losing half the value this weekend.
There's a storm upcoming.

He didn't buy a single bitcoin, I can assure you that (he'll never post proof).

Simply another bagholder looking to shill up the price with sensationalist forum guarantees.  Dime a dozen.

OP might want to lock thread LOL  :P

Talking about eating one own words XD

OP will not show his face again around here

He's an absolute idiot who is beyond being a bulltard.

His only post are how paper money will crash this year and bitcoin will reach infinity

The price volatility of bitcoin is keeping everyone up. And I can't see it's getting any better very soon. But some of the new adopters are really happy to buy bitcoin at such a low price.

Just dropped below the sub 200 few hours ago. And talk about missed opportunity. I don't this is over yet as I have a feeling it's going to be another round of onslaught.

You could be right. I doubt it. Volume is anaemic. The bid walls on finex are creeping higher.

Those that bought at below 10 are laughing at all these threads. Lucky cunts :(

I would say that if the price falls below $200 for a sustained period of time then it will likely fall much further. We did break below $200 however it quickly rebounded above within a few hours.

The price is steady, just below $200 right now.  $199.58 on Bitstamp. Volume is low. There are no walls. It's very quiet. Maybe some big traders took the weekend off.

People got bored and moved on.

Anybody know what the price was when the Winkle twins bought in?

Since they bought during 2012, presumably not in one chunk, the price was between 4$ and 15$.

PS. I remembered what I wrote some time ago. ;D