when will we be degoxed?

[indiemax]

The biggest problem with Bitcoin is the myth of holding the coins will make the owner rich

unfortunately those holding will end up being the masters of the demise of Bitcoin

before the masses pile in,it needs to be spent and proven to be worth something   

what sort of worth does holding Bitcoin create,sod all

[yayayo]

The biggest problem with Bitcoin is the myth of holding the coins will make the owner rich

unfortunately those holding will end up being the masters of the demise of Bitcoin

before the masses pile in,it needs to be spent and proven to be worth something   

what sort of worth does holding Bitcoin create,sod all

I disagree. Hodling increases the value of Bitcoin, because there are less Bitcoin available for sale. It's the same with precious metals: Most of the theoretical supply is not available at the market, because it is held by central banks, private individuals, and investment vehicles. This has a positive effect on valuation.

Selling Bitcoin via payment processors that immediately cash out to USD at any price will lead to a declining fiat/Bitcoin exchange rate. Spending Bitcoin only makes sense if the receiver does not buy fiat with it.

ya.ya.yo!

[Amph]

The biggest problem with Bitcoin is the myth of holding the coins will make the owner rich

unfortunately those holding will end up being the masters of the demise of Bitcoin

before the masses pile in,it needs to be spent and proven to be worth something  

what sort of worth does holding Bitcoin create,sod all

I disagree. Hodling increases the value of Bitcoin, because there are less Bitcoin available for sale. It's the same with precious metals: Most of the theoretical supply is not available at the market, because it is held by central banks, private individuals, and investment vehicles. This has a positive effect on valuation.

Selling Bitcoin via payment processors that immediately cash out to USD at any price will lead to a declining fiat/Bitcoin exchange rate. Spending Bitcoin only makes sense if the receiver does not buy fiat with it.

ya.ya.yo!

yeah ok, but if everyone is holding, the price can't increase for sure, there must be some sort of equilibrium between holdin,g buying and selling

[ensurance982]

If you mean by 'degoxed' 'going up again' then I guess as soon as the long-term downtrend is being broken. When this actually happens depends on the date and the lines you're drawing and most likely is somewhere between $250-$350.

[tokeweed]

the willybot knocked the price around and sucked in alot of speculators.
assuming most were in it for the short term gain and not because they fundamentally thought bitcoin itself was a great idea then most will have been exiting since Nov 2013.
so in thinking about where the price might go now it seems sensible to try to guess when the bot fooled the market.
if it was not until that month then Oct 2013 is a point we might go back to - it had an opening price of $123 and closed at $198. we are not far off the closing price now. However the price jumped 61% in that month so it looks like some decent amount of speculation was going on.

so if people want a rough guide to where we might end up

- if you are bullish then it maybe say $170-$200.
 - if you are bearish you might go back in time a bit to feb 2103 when the opening price was $20 and closing $33 with a similar % rise for the month (65%). so the price now might go to say $26 -$34.

time will tell but since despite all the positive things coming up in the next 12 months and which are far more positive than bitcoin's prospects in 2013 we have no decent demand happening.
so I see at least the price going down another $30-$50 easily and if no buyers move in a slow drop down to sub $100.
 

I think it will be another slump for BTC's price in 2015.  That's just me...  I know others think otherwise and have valid points and arguments behind it.

[afbitcoins]

The biggest problem with Bitcoin is the myth of holding the coins will make the owner rich

unfortunately those holding will end up being the masters of the demise of Bitcoin

before the masses pile in,it needs to be spent and proven to be worth something   

what sort of worth does holding Bitcoin create,sod all

Aside from hodling I paid for a VPS using bitcoin this eve. It is the future

[WhatTheGox]

the willybot knocked the price around and sucked in alot of speculators.
assuming most were in it for the short term gain and not because they fundamentally thought bitcoin itself was a great idea then most will have been exiting since Nov 2013.
so in thinking about where the price might go now it seems sensible to try to guess when the bot fooled the market.
if it was not until that month then Oct 2013 is a point we might go back to - it had an opening price of $123 and closed at $198. we are not far off the closing price now. However the price jumped 61% in that month so it looks like some decent amount of speculation was going on.

so if people want a rough guide to where we might end up

- if you are bullish then it maybe say $170-$200.
 - if you are bearish you might go back in time a bit to feb 2103 when the opening price was $20 and closing $33 with a similar % rise for the month (65%). so the price now might go to say $26 -$34.

time will tell but since despite all the positive things coming up in the next 12 months and which are far more positive than bitcoin's prospects in 2013 we have no decent demand happening.
so I see at least the price going down another $30-$50 easily and if no buyers move in a slow drop down to sub $100.
 

I think it will be another slump for BTC's price in 2015.  That's just me...  I know others think otherwise and have valid points and arguments behind it.

The smart money is quietly in this period, if we have 1 last sharp drop then fine but its no big deal if right after we are testing ATHs few months later.  Whales are controlling the market perfectly keeping the prices down to accumulate.

[thejaytiesto]

the willybot knocked the price around and sucked in alot of speculators.
assuming most were in it for the short term gain and not because they fundamentally thought bitcoin itself was a great idea then most will have been exiting since Nov 2013.
so in thinking about where the price might go now it seems sensible to try to guess when the bot fooled the market.
if it was not until that month then Oct 2013 is a point we might go back to - it had an opening price of $123 and closed at $198. we are not far off the closing price now. However the price jumped 61% in that month so it looks like some decent amount of speculation was going on.

so if people want a rough guide to where we might end up

- if you are bullish then it maybe say $170-$200.
 - if you are bearish you might go back in time a bit to feb 2103 when the opening price was $20 and closing $33 with a similar % rise for the month (65%). so the price now might go to say $26 -$34.

time will tell but since despite all the positive things coming up in the next 12 months and which are far more positive than bitcoin's prospects in 2013 we have no decent demand happening.
so I see at least the price going down another $30-$50 easily and if no buyers move in a slow drop down to sub $100.
 

I think it will be another slump for BTC's price in 2015.  That's just me...  I know others think otherwise and have valid points and arguments behind it.

The smart money is quietly in this period, if we have 1 last sharp drop then fine but its no big deal if right after we are testing ATHs few months later.  Whales are controlling the market perfectly keeping the prices down to accumulate.

This is just what I said in another thread. That is the correct analysis on the current situation. Too bad most of the average joes in here don't get it. You have to think with a whale mentality to understand what's going on, otherwise you get lost as you think from your POV only.

[ensurance982]

the willybot knocked the price around and sucked in alot of speculators.
assuming most were in it for the short term gain and not because they fundamentally thought bitcoin itself was a great idea then most will have been exiting since Nov 2013.
so in thinking about where the price might go now it seems sensible to try to guess when the bot fooled the market.
if it was not until that month then Oct 2013 is a point we might go back to - it had an opening price of $123 and closed at $198. we are not far off the closing price now. However the price jumped 61% in that month so it looks like some decent amount of speculation was going on.

so if people want a rough guide to where we might end up

- if you are bullish then it maybe say $170-$200.
 - if you are bearish you might go back in time a bit to feb 2103 when the opening price was $20 and closing $33 with a similar % rise for the month (65%). so the price now might go to say $26 -$34.

time will tell but since despite all the positive things coming up in the next 12 months and which are far more positive than bitcoin's prospects in 2013 we have no decent demand happening.
so I see at least the price going down another $30-$50 easily and if no buyers move in a slow drop down to sub $100.
 

I think it will be another slump for BTC's price in 2015.  That's just me...  I know others think otherwise and have valid points and arguments behind it.

The smart money is quietly in this period, if we have 1 last sharp drop then fine but its no big deal if right after we are testing ATHs few months later.  Whales are controlling the market perfectly keeping the prices down to accumulate.

I really don't know what to believe, it could very well be that whales are trying to accumulate even more but there's no proof of that. If they were really buying that much that would be an increase in buying pressure and the price would have to go out to some point, you can only keep the price low for so long.