Is April 15th really doomsday or is nothing going to happen?

[bitcoinsrus]

I keep reading (on this forum) references to April 15th price crashing.  What is your take about this date (5 days from now)?

[spazzdla]

Heavy drop, followed by slow ralley, then price bubble again.  I will be buying April 15/16

[kittucrypt]

Whats with the April 15?

[kooke]

Whats with the April 15?

- It's the day Bitcoin died

- It's the day Bitcoin rose from the ashes and prepared for liftoff

- Nothing happened

All depends on whom you ask.

[Dalmar]

It's now pretty clear that the PBOC will close all banking relations Chinese bitcoin exchanges have. There's no reason for them to selectively pick on some exchanges. The bottom will be in when there's no denial anymore and Chinese liquidity starts drying up. 

[leoragraves666]

Not much will happen besides a sharp drop due to manipulation then in 6 months time we shall have a new bubble. I predict btc going somewhere 350-375, ltc around 8.5. Then we go to new highs.

[kittucrypt]

Bitcoin existed before the Chinese participation pumped it up so much. And when it reached $800-1000 we saw influx of all sorts of people into the arena. I think it is probably good thing that we are seeing this correction. It will help weed out a lot of speculators and probably the real enthusiasts would stick around.

[kooke]

Bitcoin existed before the Chinese participation pumped it up so much. And when it reached $800-1000 we saw influx of all sorts of people into the arena. I think it is probably good thing that we are seeing this correction. It will help weed out a lot of speculators and probably the real enthusiasts would stick around.

As long as there's volatility, there's going to be speculators trying to profit from it.

[IamComrade]

today is dooms day

[kittucrypt]

Bitcoin existed before the Chinese participation pumped it up so much. And when it reached $800-1000 we saw influx of all sorts of people into the arena. I think it is probably good thing that we are seeing this correction. It will help weed out a lot of speculators and probably the real enthusiasts would stick around.

As long as there's volatility, there's going to be speculators trying to profit from it.

For bitcoin, volatility can be a function of price too. Not all speculation is bad. Infact you need speculators for proper price discovery. It's the madness and greed which gets weeded out at such times. And I believe its for good.

[Malin Keshar]

in two weeks we will know

[Nagle]

Since this is a known future event, don't expect much to happen on the day itself. The market has already responded, which is part of why Bitcoin dropped from $450 to $385 in the last day.

[precrime3]

Whats with the April 15?

April 15th is when US tax filing is due, so everyone is deciding what to do, pay taxes, and how to pay taxes, at least thats what I have interpreted.

[bitcoinsrus]

Whats with the April 15?

April 15th is when US tax filing is due, so everyone is deciding what to do, pay taxes, and how to pay taxes, at least thats what I have interpreted.

[precrime3]

Is your purpose in life to find a meme/picture that describes what you could say using words? 

[YipYip]

Since this is a known future event, don't expect much to happen on the day itself. The market has already responded, which is part of why Bitcoin dropped from $450 to $385 in the last day.

And it should zig instead of the expected zag

[precrime3]

Since this is a known future event, don't expect much to happen on the day itself. The market has already responded, which is part of why Bitcoin dropped from $450 to $385 in the last day.

And it should zig instead of the expected zag

Yeah most likely