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Question: Will the price of Bitcoin be below $100 at some point in 2015
yes - 39 (48.8%)
no - 41 (51.3%)
Total Voters: 80

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Author Topic: Double digits in 2015?  (Read 1979 times)
ronald98
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April 11, 2015, 09:07:54 AM
 #21

According to the alltime EW chart we would either be at wave A, ending with double digits or the beginning of wave 5 going up uP UP.

Double digits?
There will be a lot of people willing to jump in once Bitcoin goes below $200.  Smiley

Same was said at numerous points over the last year. The first time breaking a psychological barrier, it is bought up quickly, but the 2nd or third time, especially if it is driven down very deep into that next range, makes it harder, less likely and more risky to happen.

....

Everyone jumped at the chance to buy sub $300 when that psychological barrier as broken, but people don't seem too keen to buy now it down to $235. A similar scenario could arise if the double digits psychological barrier is broken.
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April 11, 2015, 02:20:34 PM
 #22

According to the alltime EW chart we would either be at wave A, ending with double digits or the beginning of wave 5 going up uP UP.

Double digits?
There will be a lot of people willing to jump in once Bitcoin goes below $200.  Smiley

Same was said at numerous points over the last year. The first time breaking a psychological barrier, it is bought up quickly, but the 2nd or third time, especially if it is driven down very deep into that next range, makes it harder, less likely and more risky to happen.

....

Everyone jumped at the chance to buy sub $300 when that psychological barrier as broken, but people don't seem too keen to buy now it down to $235. A similar scenario could arise if the double digits psychological barrier is broken.

Eveyone knows BTC will play a major role in the future at several key levels (social, technological and economical). So lower prices are only bigger opportunities for whales to take advantage of those that keep waiting forever for that "perfect buying price" that never seems to arrive.
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April 11, 2015, 03:02:31 PM
 #23

If we look at the big players likes banks and companies like IBM and paypal, this is only the beginning. Bitcoin may seem like old news to a lot of techies but for the rest of the world it's still in the very early developing stages. Enjoy the low prices while you can.

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April 11, 2015, 03:31:11 PM
 #24

According to the alltime EW chart we would either be at wave A, ending with double digits or the beginning of wave 5 going up uP UP.

If we did hit double digits it would be for some terrible news and probably the quickest drop down and recovery ever since everyone will be rebuying for start of next bull rally at that point.
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April 11, 2015, 03:49:19 PM
 #25


Society doesn't scale.
Fabrizio89
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April 11, 2015, 05:14:19 PM
 #26

Yes, sell everything asap. Wink
ensurance982
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April 11, 2015, 06:35:40 PM
 #27

According to the alltime EW chart we would either be at wave A, ending with double digits or the beginning of wave 5 going up uP UP.

Double digits?
There will be a lot of people willing to jump in once Bitcoin goes below $200.  Smiley

Same was said at numerous points over the last year. The first time breaking a psychological barrier, it is bought up quickly, but the 2nd or third time, especially if it is driven down very deep into that next range, makes it harder, less likely and more risky to happen.

....

Everyone jumped at the chance to buy sub $300 when that psychological barrier as broken, but people don't seem too keen to buy now it down to $235. A similar scenario could arise if the double digits psychological barrier is broken.

The buying pressure will be insanely high if we break down below $100! The buying pressure was pretty big at $220 already. Many people are more than willing to throw some more FIAT notes at Bitcoin should we come close to the previous bottom at ~$170, I'm certain this situation is a bit like back in 2011 when everyone was expecting to get sub-$2 coins again - never happened!

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BitcoinNewbie15
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April 11, 2015, 06:36:07 PM
 #28

I'm not sure if we will see double digits this year... But I guess it is possible.
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April 11, 2015, 07:14:11 PM
 #29

I very much hope not, but if it does, buy, buy, buy. 

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April 11, 2015, 09:12:23 PM
 #30

hmm we havent come across double figure for over a year, plus sideways market makes sure u cant go wrong lol

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April 12, 2015, 04:10:39 AM
 #31

Double digits is possible, but it's difficult to know without knowing how much ammo this bear whale has.  If it's done right we could potentially hit double digits, but that would be with the assistance of the stop losses kicking in.  I'm thinking 133-166 is the range it would most likely fall to.  This whale is so close in triggering the first set of major stop losses which I feel are in the 215-225 range.

Just out of curiosity, does every market that goes through a long-ish bull or bear market have a unique individual that is personally responsible for that market condition? For example, is there a "gold whale"?

There could even be a whale who's personally responsible for several different markets at once, no? Jesus, maybe?

Probably so

I'd imagine so there is probably only 1-2 real bear whales and same for bull whales.

They are the ones who have the power to move and manipulate the market.  Rest are just the normal Bears and bulls, but I think about 15% of the traders in here are just pigs that get slaughtered
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April 12, 2015, 08:41:08 AM
 #32

Double digits is possible, but it's difficult to know without knowing how much ammo this bear whale has.  If it's done right we could potentially hit double digits, but that would be with the assistance of the stop losses kicking in.  I'm thinking 133-166 is the range it would most likely fall to.  This whale is so close in triggering the first set of major stop losses which I feel are in the 215-225 range.

Just out of curiosity, does every market that goes through a long-ish bull or bear market have a unique individual that is personally responsible for that market condition? For example, is there a "gold whale"?

There could even be a whale who's personally responsible for several different markets at once, no? Jesus, maybe?

Probably so

I'd imagine so there is probably only 1-2 real bear whales and same for bull whales.

They are the ones who have the power to move and manipulate the market.  Rest are just the normal Bears and bulls, but I think about 15% of the traders in here are just pigs that get slaughtered

Revise that up buddy.
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April 12, 2015, 08:58:18 AM
 #33

Anythign is possible with bitcoin. If we see double digits, I'm buying a fistful of coins.
Like he said anything is possible for bitcoin. Back in 2009 none believed that bitcoin would hit $10 and now look where it is, bitcoin speculation is really exciting because everything is possible.
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April 13, 2015, 02:49:49 PM
 #34

Worrying about BTC going double digits is like the same as worrying about BTC going from 15 to 3 USD when BTC crashed and "was dead" back in the day. Time will put things into perspective.
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April 13, 2015, 09:33:57 PM
 #35

Double digits is possible, but it's difficult to know without knowing how much ammo this bear whale has.  If it's done right we could potentially hit double digits, but that would be with the assistance of the stop losses kicking in.  I'm thinking 133-166 is the range it would most likely fall to.  This whale is so close in triggering the first set of major stop losses which I feel are in the 215-225 range.

Just out of curiosity, does every market that goes through a long-ish bull or bear market have a unique individual that is personally responsible for that market condition? For example, is there a "gold whale"?

There could even be a whale who's personally responsible for several different markets at once, no? Jesus, maybe?

1.  BTC980,000*. Satoshi Nakamoto

2.  BTC400,000*. HD Moore (AHA)

3.  BTC400,000*. Dustin D. Trammell (AHA)

4.  BTC400,000*. Tod Beardsley (AHA)

5.  BTC350,000*. "Dread Pirate Roberts" a.k.a. "DPR"

6.  BTC300,000.  Roger Ver

7.  BTC300,000*. "knightmb"

8.  BTC200,000. Mark Karpeles

8.5  BTC182,592. "Loaded"

9.  BTC174,000*. FBI (Federal Bureau of Investigation, USA)

10.  BTC119,000. AsicMiner Management Team of 3 (names?)

11.  BTC110,000. Cameron and Tyler Winklevoss

12.  BTC100,000. "klaus"

13.  BTC100,000. "mezzomix"

14.  BTC75,000. "artforz"

15.  BTC70,000. Erik Voorhees

17.  BTC30,000. "nakowa"

18.  BTC30,000. Mircea Popescu

19.  BTC30,000. "Goat"

20.  BTC25,000. Chamath Palihapitiya

21.  BTC25,000. Gavin Andresen

22.  BTC20,000. Max Keiser

23.  BTC20,000. "Theymos"

24.  BTC1000,000. Uncountable hackers and stealers

I am pretty sure roger ver does not have 300,000 BTC.


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neurotypical
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April 13, 2015, 09:50:38 PM
 #36

Double digits is possible, but it's difficult to know without knowing how much ammo this bear whale has.  If it's done right we could potentially hit double digits, but that would be with the assistance of the stop losses kicking in.  I'm thinking 133-166 is the range it would most likely fall to.  This whale is so close in triggering the first set of major stop losses which I feel are in the 215-225 range.

Just out of curiosity, does every market that goes through a long-ish bull or bear market have a unique individual that is personally responsible for that market condition? For example, is there a "gold whale"?

There could even be a whale who's personally responsible for several different markets at once, no? Jesus, maybe?

Probably so

I'd imagine so there is probably only 1-2 real bear whales and same for bull whales.

They are the ones who have the power to move and manipulate the market.  Rest are just the normal Bears and bulls, but I think about 15% of the traders in here are just pigs that get slaughtered

Its very difficult to move the BTC market in relevant magnitudes. I would say only a handful of 5% mega whales on coordination can generate as much pressure.

Altcoins, for sure they are insanely manipulated.
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