Another $30 thread

[BitcoinAshley]

Hey, I just noticed there are two threads near the top of the page that mention $30 in the thread title. But bitcoins are $105. So now I want one too, just to be ironic.

Are there people who actually think BTC is going down to $30 anytime soon? Delusionally ranting about how "the real capitulation hasn't started yet" while not giving any legitimate support for the implication that we aren't currently in a capitulation period from the ridiculous $266 bubble? What do we think all the sideways motion has been from... maturity? Ha ha ha ha ha.

Discuss 

Also: I made a $30 thread at $105 before it was cool.

[ElectricMucus]

30 is somewhat unlikely to be the bottom.

It's either above that or below that. Time will tell. However that you guys are bragging that we are at 105 is a strong indicator that we are overbought and see further downside in the short term.

[jeannie]

I don't think it is possible.  The lowest it can get is $90 before climbing up again

[mvidetto]

Hey, I just noticed there are two threads near the top of the page that mention $30 in the thread title. But bitcoins are $105. So now I want one too, just to be ironic.

Are there people who actually think BTC is going down to $30 anytime soon? Delusionally ranting about how "the real capitulation hasn't started yet" while not giving any legitimate support for the implication that we aren't currently in a capitulation period from the ridiculous $266 bubble? What do we think all the sideways motion has been from... maturity? Ha ha ha ha ha.

Discuss 

Also: I made a $30 thread at $105 before it was cool.

You lost me at sideways motion.  I have no idea how the drop in price over the last two weeks can be described as sideway motion.

[Kluge]

Go below $50, you're going to find a ton of buy pressure. I suspect a good few would clean out their retirement accounts at $30.

[HeliKopterBen]

30 would invalidate the elliott impulse count.  Im betting the 80+% decline from 266 to 50 was the bottom.

[ElectricMucus]

30 would invalidate the elliott impulse count.  Im betting the 80+% decline from 266 to 50 was the bottom.

But 32 wouldn't, hint hint.
and then 266 could have been  the top of wave 5. In which case we would go down, waay down...

[HeliKopterBen]

30 would invalidate the elliott impulse count.  Im betting the 80+% decline from 266 to 50 was the bottom.

But 32 wouldn't, hint hint.
and then 266 could have been  the top of wave 5. In which case we would go down, waay down...

I believe 31.9 was the June 2011 high on Mtgox.  I will look it up if we get close lol and yes if this level were breached it would be bearish.  We shall see.

[Adrian-x]

I am still open to the idea of single digits, or low teens, but then this is Bitcoin and it has nothing to do with me. It has to do with what people perceived as risk in the global Economy and who sees a benefit in Bitcoin, it looks to me like we are leaning towards growth.     

[BitcoinAshley]

You lost me at sideways motion.  I have no idea how the drop in price over the last two weeks can be described as sideway motion.

Oops, you must have just gotten involved in bitcoin just a few days ago. We were going sideways for quite a while there buster. Well give or take $5 here and there. In Bitcoin world, trading in a $5-$10 range for more than a day or two is legit "sideways." But let's not get too technical.

30 is somewhat unlikely to be the bottom.

It's either above that or below that.

Right, so x < 30.00 > x that's a great prediction 

Time will tell. However that you guys are bragging that we are at 105 is a strong indicator that we are overbought and see further downside in the short term.

Yes, semi-sarcastic sentiment in the Speculation subforum of Bitcointalk is a great gauge of market conditions.

This capitulation phase is missing despair...  I think it will be arround $60

Oh IDK, the people who bought at $260 are pretty sad right now.

AMIDOINITRITE?

Pretty much.

[Crypt_Current]

Back in late 2011 when we played between $2 - $3, there were numerous posts about how we should expect sub- $1 prices

 

[lucas.sev]

Back in late 2011 when we played between $2 - $3, there were numerous posts about how we should expect sub- $1 prices

 

low of 2$ in 2011 is equivalent of today's 16$.

[Crypt_Current]

30 is somewhat unlikely to be the bottom.

It's either above that or below that. Time will tell. However that you guys are bragging that we are at 105 is a strong indicator that we are overbought and see further downside in the short term.

No one is bragging, troll.

[Crypt_Current]

Back in late 2011 when we played between $2 - $3, there were numerous posts about how we should expect sub- $1 prices

 

low of 2$ in 2011 is equivalent of today's 16$.

THIS is exactly what I was referring to!   

[ElectricMucus]

30 is somewhat unlikely to be the bottom.

It's either above that or below that. Time will tell. However that you guys are bragging that we are at 105 is a strong indicator that we are overbought and see further downside in the short term.

No one is bragging, troll.

No one.

[MAbtc]

30 is somewhat unlikely to be the bottom.

It's either above that or below that. Time will tell. However that you guys are bragging that we are at 105 is a strong indicator that we are overbought and see further downside in the short term.

This, pretty much. And what a horrible thread.