Bitcoin Forum
June 07, 2024, 07:38:29 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Was the 340 the bottom?
yes
no

Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Survey time! Was 340 the final bottom?  (Read 4425 times)
piramida
Legendary
*
Offline Offline

Activity: 1176
Merit: 1010


Borsche


View Profile
April 16, 2014, 04:14:58 PM
 #81


Hear me now, believe me later... that base has not formed yet.  And as such, any spike in price will be short lived.  It needs a base to power the next run.


Have a look at how the bases were forming in all previous crashes. After hitting a minimum, the price bounces back up and sits there for a month or two, getting comfortable. So the ~500 range (or more broadly, 400-600 range) would, as predicted long ago, be the new base from where we take off in several months. But the downtrend is over at this point.

i am satoshi
freedomno1
Legendary
*
Offline Offline

Activity: 1806
Merit: 1090


Learning the troll avoidance button :)


View Profile
April 16, 2014, 11:49:55 PM
 #82


Hear me now, believe me later... that base has not formed yet.  And as such, any spike in price will be short lived.  It needs a base to power the next run.


Have a look at how the bases were forming in all previous crashes. After hitting a minimum, the price bounces back up and sits there for a month or two, getting comfortable. So the ~500 range (or more broadly, 400-600 range) would, as predicted long ago, be the new base from where we take off in several months. But the downtrend is over at this point.

Same agreement looking forward to a fairly stable point guess I'll ponder selling some position around the end of the year on the assumption the next bubble breaks ATH + 80% then wait for the reversal lol.

Believing in Bitcoins and it's ability to change the world
Mythul
Sr. Member
****
Offline Offline

Activity: 644
Merit: 250


View Profile
April 17, 2014, 04:46:05 AM
 #83

I am not sure we will ever see $360 again, like we never say $64 or $266 (flash crash by $102 guys excluded).
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!