Bitcoin Forum

How low can it fall this weekend and upcoming week?

It's going to $20,000 by March.

Sellers getting impatient sooner than I thought. Missed this shorting opportunity.

Yeah, i think by the time the Europeans wake up, it might hit below 160.

I'm shorting, but (for now) it has not been a overly pleasant ride ;)
Let's see.

I figured we had finished the move when we hit the .382. Either top of A of IV or IV complete, I cant really tell, so we could go higher after a big healthy dump, but still a lower low to be put in, I think. Sub-150. Maybe even some margin runs........ :P

Possible. I'd see next stop 175$, then we'll see.

I agree. We may have just finished A and I could see $175 as a short term bottom. (I was aiming to close shorts at $180 in case this were to play out)

Famous chinese whale investors Wei To Lo and Sum Ting Wong are disappointed with currents prices.

not so much, we are already near the bottom, maybe it can fall around 125-150 at worst

today i got back from my vacations.... and the price is sub $200??? :O
What happened?

bstamp has ben hacked, 19kBTC lost
people are dumping coins and hardware
folks are turning into fiat winnings from ponzi schemes

Again to stay safe on the sideline to see how far down this thing can go. If you check out the chart and trading volume over at major exchangers, it's the same pattern like what we observed last week.

price is fluctuating but this wont do any good.
price was bellow 200 now again is over so this is only spike more then anything else.

Look at the chart for the last 6 months. (http://bitcoincharts.com/charts/bitstampUSD#rg180ztgMzm1g90zm2g25) There's been a consistent $50 variation around a declining trend.

It doesn't look good when you put it like that. It feels like it was a bumpy road, so I hadn't really noticed how regular the decline was... Well, hope it stops soon!

150 soon

It seems to keep going down in steps pretty regularly. I hope it stops soon ut I'm keeping an open mind.

lol so they dumping with 1 week delay? It seems people are not ready for net technology if they react on things 10 days after they happen.

The wary it has been going recently, it is just a matter of time until the next beat down. Ignoring that, the creep up looks good at the moment, but that has happened before...

"how low can it go?"

The answer: always lower - production of new coins is not going to stop. The dumps will not stop, so there is no lowest price. I think since we broke the exponential trend the wise people already left the ship. Extreme dumping can occure anytime.

same as extreme buying can occure anytime

If the exponential trend and all pipedreams wasn't broken, then maybe. Right now you just have a hell of a sellresistance and more coins each day while the streets are full of people who already heard of bitcoin and think it's a scam and going to zero and conventional wisdom maybe isn't so stupid afterall.

The Bitcoin experiment ends with the almost too simple conclusion: 'You can not be a store of value and be an inflationary coin at the same time' - but remember: someone, somewhere long ago did think 'really hard and exceptionally DEEP about it - so it can't be wrong - the "experts" must know'


99% of you people still fail to see how you fell for the hype and you will fall again for it...

Hoarding Bitcoin is 'proof of sheep' - and when nobody wants to hold it because it can't hold its value, then what will the value be?

Don't think it can't drop another 90% because it just dropped 90% - your logic is wrong and doesn't apply to coins. This shit can go down another 99,999% from here. All that keeps it alive is some random misguided millionaire people throwing good money after bad and being the laughing stock amongst their likes for it aswell as people like yourself who fell for all the hype.

The price is volatile. When it gets more used, adopted, the price will be stable.

pipedreams

Bitcoin is impotent. If it were potent it would already have shown what is possible but it can't. Poor little Bitcoin suffers from a little inflation. But people like their coins intentionally worthless and volatile ...

There are more adoptions than 1 year ago.

where? i see 200+ or around that, pretty stable to be honest

The "adoption" doesn't matter (it's a lie btw). Inflation matters more. Basic math but you people are really bad at it.

'Stable' a little longer and we'll go lower. There's no pressure to buy on that ponzi of yours. And why should people?

another steeling of btc this is hilarious now dont you all think.

No, i think its hilarious how some people ruin themselves with buying on the way down believing it is certain to come back up, while it isn't ...

$200 is a pretty strong resistance/support level, and the prices established in the 200+ level after going sub 200 for a while.

I doubt we will lose $200 again because the dumpers are out of ammo at the moment. 

Just a rational comment: since when has 200 actually become some real resistance/support? Also, given the bear market that is still going on, I wouldn't even dare to say that I consider it unlikely that we won't lose 200 again.

Dude are you scared of this? Litecoin is down 97, 97%! Fuck, now thats something.

Wait! It can go down 97,97% more!

There is no bottom to it. I'll buy from 50 cents down a little bit in case i still have reason to believe it could come back up to 1$ at least.

Litecoin is BTC copycat that is not accepted anywhere.

Not different from any other shitcoin

still it can go down but like you said hard to happen no more ammo unless they buy some new ones.
i would like to see it little up for change if you all agreed if nothing more for 10-20$ just little spark of change.

Does it seem a double-dip and reversal for you, or it just indicates the down-trend to continue?

there is no pressure to sell either, this is why it's stable now...

now many traders are simple the one that bought to high to dump now and leave, they will not do that

Litecoin never tried to reinvent the wheel. It's not bad to have at least two main coins and LTC filled the "silver" spot nicely, unfortunately its tanking a lot lately. We'll see. I think once cryptos go mainstrema LTC can rebound.

Litecoin grew to #2 on the back of SHA256 ASICs. GPU miners could still use their rigs.

Scrypt ASICs changed all that.

only speculation but if happen any coin will do dont you all think.

I think we will stabilize on or around 200 for now. We need to really be 250+ to be comfortable with the way cloud mining and other bitcoin economy is right now

this is really what is need to happen.

It has just happened.