2 week target $160

[uki]

Things were also looking like this back at the beginning of February and we did a slow but surprise breakout there, as well. I think chances are still quite good that this is "it"

Indeed. I know what I've been doing these last few months, and selling isn't it. There's a definite and growing possibility that the tide has turned.

Agree, the trend reversal process has started. It takes quite long usually with few bumps on the way. The important thing is not to sew lower lows and I think so far we may say that. Going back to $200 is possible, but not very much lower than that.

[inca]

The new monthly pivot is at 259 and we got rejected well before. Testing the weekly support at 220 is a very probable thing at this point.

Rejected you say? The price is still in the 250's with a long weekend ahead of us.

[Snipe85]

Things were also looking like this back at the beginning of February and we did a slow but surprise breakout there, as well. I think chances are still quite good that this is "it"

Indeed. I know what I've been doing these last few months, and selling isn't it. There's a definite and growing possibility that the tide has turned.

Agree, the trend reversal process has started. It takes quite long usually with few bumps on the way. The important thing is not to sew lower lows and I think so far we may say that. Going back to $200 is possible, but not very much lower than that.

I agree with you guys. Bears are doing all they can to spread doom projections, but despite their efforts we are standing strong above $230. There's just no fear in the air, or is there?

[Snipe85]

You mean after all those broken promised bottoms at $800 $600 $400 $300 $200 given, you are now sure $200 is the "real" bottom again?
Let's see how you get this one wrong again

Date Registered:   Today at 06:50:44 PM
Posted:               Today at 06:55:09 PM

You made a new account just for that single lame post and it took you whole 5 min to squeeze it out? That's just pathetic.

[yefi]

You mean after all those broken promised bottoms at $800 $600 $400 $300 $200 given, you are now sure $200 is the "real" bottom again?
Let's see how you get this one wrong again

Well, you can discount me from the broken-promises club. I've never said anything was certain, and actually have been bearish since the bubble burst.

Long-term momentum is showing a shift now, at a price where it makes sense. It might yet reverse, but you might also be quite surprised by the results if it doesn't...

[erikalui]

Ok, jokes are over.

Analyzing the charts and order books today i noticed how we will fall straight down to $160 if we break $230.
Chances are around 93% that we break $230 within the upcoming 2 week period.

This will be the start of the crash I've been talking about! Fasten your seat belts for the drop of your or get out while you can!

If the price reduces to $160, then I guess I will hold my bitcoins rather than selling them at such a low rate. I know that the price will soon go down but I don't want to be negative and I don't mind waiting for it to reach $300 again. Bitcoins have been in the market for more than 3 years so these price fluctuations won't matter much.

[Amph]

Things were also looking like this back at the beginning of February and we did a slow but surprise breakout there, as well. I think chances are still quite good that this is "it"

Indeed. I know what I've been doing these last few months, and selling isn't it. There's a definite and growing possibility that the tide has turned.

Agree, the trend reversal process has started. It takes quite long usually with few bumps on the way. The important thing is not to sew lower lows and I think so far we may say that. Going back to $200 is possible, but not very much lower than that.

You mean after all those broken promised bottoms at $800 $600 $400 $300 $200 given, you are now sure $200 is the "real" bottom again?
Let's see how you get this one wrong again

well there must be a bottom at the end, the real bottom is the one where the price will hold for most time, current price is a good candidate for this

for this reason i still doubt that we will see sub 200

[Lauda]

You mean after all those broken promised bottoms at $800 $600 $400 $300 $200 given, you are now sure $200 is the "real" bottom again?
Let's see how you get this one wrong again

well there must be a bottom at the end, the real bottom is the one where the price will hold for most time, current price is a good candidate for this

for this reason i still doubt that we will see sub 200

Don't be so sure of that. Bad news tend to hit us frequently. We could see some exchange completely collapsing and people panic. When they panic, people act irrationally.
I'm actually hoping that we do not see the price go further down. If I could, I'd buy thousands per month. Unfortunately I'm not part of the 'elite'.

[spinnel]

You mean after all those broken promised bottoms at $800 $600 $400 $300 $200 given, you are now sure $200 is the "real" bottom again?
Let's see how you get this one wrong again

well there must be a bottom at the end, the real bottom is the one where the price will hold for most time, current price is a good candidate for this

for this reason i still doubt that we will see sub 200

Don't be so sure of that. Bad news tend to hit us frequently. We could see some exchange completely collapsing and people panic. When they panic, people act irrationally.
I'm actually hoping that we do not see the price go further down. If I could, I'd buy thousands per month. Unfortunately I'm not part of the 'elite'.

Good news seems to drive the price down faster than bad news.

[calme]

Then wouldn't that mean that so-called bad news is good news? If a major hack or something happens, should we call it good news from now on?

[uki]

Good news seems to drive the price down faster than bad news.

Can you give any example of 'good news' that drive the price down quickly? I am very curious.

[leen93]

without any good reason (postive/negative news) we aren't leaving the 200 - 300$ range in the next weeks

[Amph]

Then wouldn't that mean that so-called bad news is good news? If a major hack or something happens, should we call it good news from now on?

it seems that good news is resulting in a bad price and bad news is resulting in nothing, basically we can only go down, and go up only thanks to whales's manipulation

Good news seems to drive the price down faster than bad news.

Can you give any example of 'good news' that drive the price down quickly? I am very curious.

when microsft started accepting bitcoin, i recall that the price went down(the famous drop under 200), the same for other major companies(dell, newegg ecc...)

[Hazir]

Then wouldn't that mean that so-called bad news is good news? If a major hack or something happens, should we call it good news from now on?

it seems that good news is resulting in a bad price and bad news is resulting in nothing, basically we can only go down, and go up only thanks to whales's manipulation

Good news seems to drive the price down faster than bad news.

Can you give any example of 'good news' that drive the price down quickly? I am very curious.

when microsft started accepting bitcoin, i recall that the price went down(the famous drop under 200), the same for other major companies(dell, newegg ecc...)

I is really funny that when we have some really awesome bitcoin news: like you mention Microsoft acceptance, big hardware online store acceptance or something like that price of bitcoin is not rising at all, and as I recall in these cases it event went down a bit. But from the other side when we can even SLIGHTLY disturbing news: like when that ultra tiny chinese altcoin exchange got hacked last month or so, price of bitcoin went down momentarily. What a pessimistic bunch we are...

[gentlemand]

I is really funny that when we have some really awesome bitcoin news: like you mention Microsoft acceptance, big hardware online store acceptance or something like that price of bitcoin is not rising at all, and as I recall in these cases it event went down a bit. But from the other side when we can even SLIGHTLY disturbing news: like when that ultra tiny chinese altcoin exchange got hacked last month or so, price of bitcoin went down momentarily. What a pessimistic bunch we are...

But the shit news like Gox, China's endless ban etc directly affected people holding coins right now. Most of the 'good' news is laying foundations for the future, not really doing much in the here and now.

However there's no denying that the market absolutely adores a good panic.

[Lauda]

when microsft started accepting bitcoin, i recall that the price went down(the famous drop under 200), the same for other major companies(dell, newegg ecc...)

I is really funny that when we have some really awesome bitcoin news: like you mention Microsoft acceptance, big hardware online store acceptance or something like that price of bitcoin is not rising at all, and as I recall in these cases it event went down a bit. But from the other side when we can even SLIGHTLY disturbing news: like when that ultra tiny chinese altcoin exchange got hacked last month or so, price of bitcoin went down momentarily. What a pessimistic bunch we are...

You guys do realize that those companies do not hold Bitcoin? The more sales they have the worse it is. They instantly just convert to fiat. That's one of the problems of today.
Although you're right. People here tend to be pessimistic and panic often which hurts the price.
The real question is can we change anything about it?

[uki]

Then wouldn't that mean that so-called bad news is good news? If a major hack or something happens, should we call it good news from now on?

it seems that good news is resulting in a bad price and bad news is resulting in nothing, basically we can only go down, and go up only thanks to whales's manipulation

Good news seems to drive the price down faster than bad news.

Can you give any example of 'good news' that drive the price down quickly? I am very curious.

when microsft started accepting bitcoin, i recall that the price went down(the famous drop under 200), the same for other major companies(dell, newegg ecc...)

I is really funny that when we have some really awesome bitcoin news: like you mention Microsoft acceptance, big hardware online store acceptance or something like that price of bitcoin is not rising at all, and as I recall in these cases it event went down a bit. But from the other side when we can even SLIGHTLY disturbing news: like when that ultra tiny chinese altcoin exchange got hacked last month or so, price of bitcoin went down momentarily. What a pessimistic bunch we are...

If the main content of the 'news' is only a future thingy, without much real stuff that is already done and ready to use then no wonder it has no real impact on the price. Meanwhile the attack on an exchange is quite real money that is lost, and moreover is directly affecting the trust in Bitcoin.

[Amph]

when microsft started accepting bitcoin, i recall that the price went down(the famous drop under 200), the same for other major companies(dell, newegg ecc...)

I is really funny that when we have some really awesome bitcoin news: like you mention Microsoft acceptance, big hardware online store acceptance or something like that price of bitcoin is not rising at all, and as I recall in these cases it event went down a bit. But from the other side when we can even SLIGHTLY disturbing news: like when that ultra tiny chinese altcoin exchange got hacked last month or so, price of bitcoin went down momentarily. What a pessimistic bunch we are...

You guys do realize that those companies do not hold Bitcoin? The more sales they have the worse it is. They instantly just convert to fiat. That's one of the problems of today.
Although you're right. People here tend to be pessimistic and panic often which hurts the price.
The real question is can we change anything about it?

if they sell someone must buy, the problem aren't those big companies selling like mad, but the buyers which are lowering their walls, and the fact that there are few strong buyers out there, the rest are just scared newbies

[Lauda]

You guys do realize that those companies do not hold Bitcoin? The more sales they have the worse it is. They instantly just convert to fiat. That's one of the problems of today.
Although you're right. People here tend to be pessimistic and panic often which hurts the price.
The real question is can we change anything about it?

if they sell someone must buy, the problem aren't those big companies selling like mad, but the buyers which are lowering their walls, and the fact that there are few strong buyers out there, the rest are just scared newbies

Must? No they don't have to buy. You do realize how Bitpay works right? If they sell more than people are buying the price is going down.
I'm actually disappointed that these large companies do not keep a percentage of the Bitcoins that they receive. They're financially strong, they could do it.

[Amph]

You guys do realize that those companies do not hold Bitcoin? The more sales they have the worse it is. They instantly just convert to fiat. That's one of the problems of today.
Although you're right. People here tend to be pessimistic and panic often which hurts the price.
The real question is can we change anything about it?

if they sell someone must buy, the problem aren't those big companies selling like mad, but the buyers which are lowering their walls, and the fact that there are few strong buyers out there, the rest are just scared newbies

Must? No they don't have to buy. You do realize how Bitpay works right? If they sell more than people are buying the price is going down.
I'm actually disappointed that these large companies do not keep a percentage of the Bitcoins that they receive. They're financially strong, they could do it.

how they can sell more then people are buying if no one buy? you can't sell more if no one is buying what you are selling...my point is that there must be always someone who is buying what you are selling, not talking about the price, so we could be tanked to $1 already...

anyway the price is tanking not because they sell more, but because buyers lower their walls, if they see much selling pressure or because there are not enough buyers at the highest wall value