I guess we're now re-testing a very very long term support line. This is worrying! If we break below $350 - I don't like this saying at all usually - we're doomed!
I truly think we're fucked if we cross that point. It simply shouldn't go that low if Bitcoin is healthy. If we cross it then there is something seriously wrong and there will be a good chance it won't go up anymore. Actually, I would look at it differently. If we go that low, and people really do start cashing out at a major loss, then we're looking at another 2+ years before even getting near the last ATH. Because no matter how revolutionary bitcoin may be, the Average Joe just doesn't care enough to continue to lose money. Period. The average joe never cared about bitcoin. Maybe in 10 years, maybe not but for now he has no impact. Maybe a few as a lemming crowd buying up the last leg up of a bubble or the last leg down of a capitulation. Meanwhile forget about the average joe. |
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I feel dumpers running out of ammo, and shorts will have to cover soon.
This thing could bounce like a Mofo.
Also one of the things i've been reading for months and months. Dumpers out of ammo. Weak hands shaken out soon. We're near the bittom. Etc. one has to admit that's true Since there is no ammo at all, one keeps telling useless stuff. |
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There's a reason why there's a substantial growth potential in price - because there's a substantial risk that it'll all go tits up.)
That's it. Sometimes I wonder that people have no problem to assume and welcome 5000% price spikes but aren't capable to understand that this game has two sides. Now we are experiencing the other side. Maybe it will stop soon, but I give it a lot higher likelihood to go down further. I'm not sad about it. It will cool down the maniac, at least for a while and give good entry points for people - hopefully being aware of the risks. |
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rpietila failed to call the bottom, but I won't.
The bottom is 347$.
274.97$ |
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This is so fucked up.. makes zero fucking sense anyone thinks there's a chance for sub 300?? I don't know if I will sell my whole fucking stash or leverage HARD if we would sub 300  Of course there is a chance. This would mean capitulation. But it has not to happen. |
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My speculation - I think we're seeing a downtrend.
You are my hero! The world is not that stupid as I thought!  Edit: And there has it gone, our sustainable 450. |
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Dipped again, bought again. Cheap coins for everyone who wants them!
Obviously no one The fact that the price has been sustained at, or above $450 for a while, with more BTC being created daily, shows plenty of people want them.  Really ? I cant remember since when the price was/is sustained @ $450, wait... is it since the time it was $550 and you said we will never see $500 again, or is it since the time the price was $650 and you said you feel a bubble forming ? cant really blame you, people are just desperate..... meanwhile lets do something fun, you ask your inspiration (risto, for readers who doesn't know) about how many coins he still hold and he have to sign a message were coins are contained, and come back to me with the answer and I will make it more fun and interesting with few other facts. So what a fair price would be for you? Please don't quote it! But he's correct here. I really have no problem with bullish outlooks but sometimes it looks like people are not able to see the fact that meanwhile we are in a downtrend and it sounds absolutely delusional atm talking about a sustainable 450, where we are now 1 hour and it made a ridiculous bounce. It seems to be impossible that "reasonable" people (not trolls) start to make reasonable comments, without delusion, conspiracies or starting a melodrama. |
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price seems to have a strong tendency to rise, but it keeps getting knocked down b4 any momentum can build
<chart of bitcoin doing nothing but falling>
You got dem rose tinted specs on again haven't you ?? OK ... there is one big green dildo on there, I'll give you that much lol poeple see wtv they want to see, i am no different. You don't want to answer me, hm? I give it one more try. What's the difference for you between a bear raid (manipulation) and a bear market as a normal market behaviour? Don't you think it's getting a bit too melodramatic? can you repeat the question? I asked, if it makes any further differnence for you to see it as a normal market behaviour or a bear raid, except the second lets you feel more as a victim. |
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price seems to have a strong tendency to rise, but it keeps getting knocked down b4 any momentum can build
<chart of bitcoin doing nothing but falling>
You got dem rose tinted specs on again haven't you ?? OK ... there is one big green dildo on there, I'll give you that much lol poeple see wtv they want to see, i am no different. You don't want to answer me, hm? I give it one more try. What's the difference for you between a bear raid (manipulation) and a bear market as a normal market behaviour? Don't you think it's getting a bit too melodramatic? |
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There is no manipulation people. Blitz, our mod, said so. This is totally natural market behaviour.
If it's better for you to believe in bear raid, ok. But in conclusion it makes no difference what the reason is. lol manipulation IS natural market behaviour.
Okay, now supposing it's all a big manipulation. What does it change, except feeling oneself more victim? |
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Dead cat bounce, fake recovery, or failed to get through the $450s this time? What's your opinion? I'm really not sure, and quite scared, shorted a tiny tad more. Not convinced this is the bottom.
No. I don't think that this is the bottom. The bottom quite likely will be followed by heavy volume spikes and large divergences. This looks more like a small correction. |
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It's going to be fun to watch then support at 440$ will be broken.  I don't think this will happen yet. Looks like a small bounce is incoming. you call 1400 BTC support ? what happened to the 10K and 20K BTC walls that we've seen at the beginning of this year ? You was talking with Tzupy, not? I don't care about this wall, but I see divergences indicating a bounce. |
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It's going to be fun to watch then support at 440$ will be broken. I don't think this will happen yet. Looks like a small bounce is incoming. |
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That's true! But you think the Bitcoin price will stay below 300$ or 250$ for one month. Even when that happens it will increase again. I keep them in my pocket, because there is a lot of votality on the price on this moment.
Some of you guys are talking like it's just all written down in the books. Why don't you better say "I suppose it will increase again" and not "it will increase again". It makes the impression of lemmings jumping from the cliff... |
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Is it possible for bitcoin price to trade below 400?
It's obviously possible to trade as low as BTC production price is reached, currently well below US$300. Nobody will sell them bellow what it costs to mine them. Except that limit, everything else depends on the demand. If we hit that price watch for datacenter movement to locations with extremely cool climate and dirt cheap electricity. Nearly all prices are possible regarding the poll, even prices near 0$. You are talking about realistic prices, that's another thing. |
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is it possible for bitcoin price to trade below 400:
strong yes - 28 (25%)
strong no - 10 (8.9%)
yes. - 29 (25.9%)
no. - 14 (12.5%)
idk but i cut my looses! - 1 (0.9%)
IDK, but I say HODL! - 30 (26.8%)
Total Voters: 112 Not many times I've seen poll results accepting a downfall..! almost 67% of feels that btc might trade below 400. Wait and watch if that happens. Usually the opposite happens. Markets often move in the opposite direction of what most market participants expect. Is it possible for bitcoin price to trade below 400? Why it should not be possible? 0,10$ is possible same as 100,000$ is possible. Stupid poll, or is it that I understand it wrong? |
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Feels great to see my life savings just dissappear Can't sell at this huge loss either..  fucking hell when playing with life savings maybe some stop losses are in order. I probably won't be selling, (maybe but not sure) I'm taking loans if we go sub 400 I will be incredibly fucked if this thing goes wrong... That would be stupid. Better sell now or quick and set an stop loss for a upswing, for example ~490/520. Yet price is moving slowly, but if you sell into momentum you could get burned hard. Or hold all the way till the bottom. |
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Actually this bear market accumulates very high tension for an upcoming buble..
More tension we accumulate and more high will be the explosion... And that's exactly what derpinheimer said, and it's correct: With this kinda assumption you fuel capitulation, not a bubble. |
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/Push Ryn! You don't like your fans anymore?  |
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