panic kicking in, sub 200 by friday

[kwukduck]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

[blumangroup]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I always hear it from newbies but very rare i hear it from someone who has been around for as long as you, mind telling us what this serious panic is over and which relevant channels?

I won't be getting out at this point what is the point if you have invested what you can afford to lose, i go even further why get out if you have already wrote the money/coin off?

Thanks for the advice and i will come back here to congratulate you Friday if by some crazy miracle you are right, (which you won't be)  

 

[Hyena]

time to buy!

[kefky]

We'll see sub 200 by friday 

[xDan]

There is some serious panic going on in relevant channels.

What you mean is: You saw the ~$8 price drop and immediately posted, hoping to take credit.

...

The obvious source of fear is the Foundation drama.

[lophie]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

It would be more informative and fruitful if you have actually news or reasons to think this might happen.

[Amph]

time to buy!

if we all buy now, we won't see sub 200 by friday, mind blow

i don't see any panic selling, just a 8-9 dollars crash, is that panic selling?

[razen489]

Shocked to learn about the price dip https://www.coingecko.com/en/price_charts/bitcoin/usd
when i was looking around at my altcoins portfolio 

[ensurance982]

Why isn't the price crashing even further? There's still a nice fat bid-wall that can be sold into right now. If the whaleclub is so sure about this, why not sell now for an even bigger profit?

[razen489]

Why isn't the price crashing even further? There's still a nice fat bid-wall that can be sold into right now. If the whaleclub is so sure about this, why not sell now for an even bigger profit?

Continue to bait

[ensurance982]

Why isn't the price crashing even further? There's still a nice fat bid-wall that can be sold into right now. If the whaleclub is so sure about this, why not sell now for an even bigger profit?

Continue to bait

Bears are out of ammo at this point. We should see another major drop over the next hour or two, yeah. If nothing has happened by then, I wouldn't be surprised to be back at $553 tonight.

[Q7]

And so which channel was that? Any news event that could suddenly cause the panic situation? Yeah, I saw the dip but other than that, I don't see any justification to your claim. Anyway, if it really does happen, I already have fund on standby to grab at that price.

[ensurance982]

And so which channel was that? Any news event that could suddenly cause the panic situation? Yeah, I saw the dip but other than that, I don't see any justification to your claim. Anyway, if it really does happen, I already have fund on standby to grab at that price.

Well, it's mostly the  recent small-time bullish channel starting in January 2015 that's now pressing against the longterm bearish resistance. The biggest question now is whether we will be smashed down by that resistance or whether we break out of the bear market for good.

[zyzzbrah]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

[ensurance982]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

[Ibistru]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

Is this a new scheme: dump and pump and dump?

[ensurance982]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

Is this a new scheme: dump and pump and dump?

This is called shorting. Use the small bounces to short, and then sell the dip. Effectively this is: short the pump, close the dip... Preferrably on margin.

[tokeweed]

time to buy!

At sub 200, yes.  Orders are in place at 170 - 180. 

Missed the last one. 

[Shiver]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

[ensurance982]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

[SirChiko]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then

[pleaseexplain]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

[ensurance982]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then

Yeah, but there's a difference between continuing to spread FUD and voicing honest concerns and reasonable doubts about the Bitcoin ecosystem/technology in general.

[ensurance982]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

[Shiver]

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Fair comment, though we have to remember that some of the larger companies coming on the the scene won't be using exchanges as their preferred trough to scoop up coins, and they won't be spending a lot of time on forums such as this one like we do in order to determine where the market is going, they'll be laying the tracks for the market directly.  That will be reflected in our minion serving exchanges price eventually though when word gets out.

That said, even the larger companies behaviour will pale into insignificance compared to a viral take off by mainstream using those services as their conduit.  The connector companies between the two isn't really in place yet though to roll out their wares to mainstream, so we need patience while the laggards catch up with the visionaries and early adopters (I'd still call todays people early adopters), which looks like at least a few years to me (next month marks my 5th year of watching this market, though it doesn't feel like that long).  

We've come a long way, but you can see in the threads that a lot of us are resigned to the fact that we're not going to be having moon parties every couple of months if it is to be a credible technology.

[EDIT: 4th year in BTC, not 5th - I can't even count on one hand it seems]

[ensurance982]

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Fair comment, though we have to remember that some of the larger companies coming on the the scene won't be using exchanges as their preferred trough to scoop up coins, and they won't be spending a lot of time on forums such as this one like we do in order to determine where the market is going, they'll be laying the tracks for the market directly.  That will be reflected in our minion serving exchanges price eventually though when word gets out.

That said, even the larger companies behaviour will pale into insignificance compared to a viral take off by mainstream using those services as their conduit.  The connector companies between the two isn't really in place yet though to roll out their wares to mainstream, so we need patience while the laggards catch up with the visionaries and early adopters (I'd still call todays people early adopters), which looks like at least a few years to me (next month marks my 5th year of watching this market, though it doesn't feel like that long). 

We've come a long way, but you can see in the threads that a lot of us are resigned to the fact that we're not going to be having moon parties every couple of months if it is to be a credible technology.

Yeah that's what I'm thinking, as well. I think you can indeed cause a panic selling of some sort, but the volume and magnitude will be insignificant. People who can be 'tricked' into selling most likely don't have that many coins. You could put up a bid-wall, though and try to cause as many people as possible into selling into that wall of yours.

[pleaseexplain]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

[ensurance982]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

I believe the technology is highly interesting and it is a one-of-a-kind asset (don't get started on altcoins, they don't matter) and it will have its place in the financial world. We need to find out which place this is still, though. It's now mostly speculation-driven.

[sana54210]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I also think any current news most likely won't push the price of Bitcoin to that point. That being said, the price will jump right back if incase that might happen as we had seen time and time again. So right now there is no need for such panic, but just hold tight to your seat with bitcoin buckled up with you  

[Shiver]

I often wonder why things like Gold aren't going through the roof given that the major currencies are of an age where they're ready to fail in classic style, but have to remind myself that the gold markets are not the gold (the menu is not the meal), and that if I were a nation state, I wouldn't be making public announcements about my hoarding habits on an open exchange.

So for bitcoin, if I were a company capable of bringing a game changer to market, I'd be quite happy to see prices stagnant or even a little lower, and I might even play with (in relative terms) petty money to keep it there, even if there are some bottom feeders (what people call whales) nibbling away at my food, until I'm good and ready to blow the doors off to my own schedule.

I'm not a trader btw, I'd suck at that so I stay away from asset burning behaviour, and just watch with curiosity from the sidelines polishing my coins and waiting.

[ensurance982]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I also think any current news most likely won't push the price of Bitcoin to that point. That being said, the price will jump right back if incase that might happen as we had seen time and time again. So right now there is no need for such panic, but just hold tight to your seat with bitcoin buckled up with you  

Nah, serious and significant trendlines will be broken then. At least we will continue the bear-market for another few months, or so. We may see another dull summer...

[pleaseexplain]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

I believe the technology is highly interesting and it is a one-of-a-kind asset (don't get started on altcoins, they don't matter) and it will have its place in the financial world. We need to find out which place this is still, though. It's now mostly speculation-driven.

I am also a believer that bitcoin has its place but in terms of its price i think it has always been highly speculated virtually since day 1. eg price on april 11 2011 was 96c. Price on june 20 2011 was $17.36. that is some rise over just 70 days

[dropt]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I always hear it from newbies but very rare i hear it from someone who has been around for as long as you, mind telling us what this serious panic is over and which relevant channels?

I won't be getting out at this point what is the point if you have invested what you can afford to lose, i go even further why get out if you have already wrote the money/coin off?

Thanks for the advice and i will come back here to congratulate you Friday if by some crazy miracle you are right, (which you won't be)  

 

The current owner of of the kwukduck account is believed to be someone other than the person who created it.

[coinpr0n]

If there are reasons for this speculations I guess the only news I heard that might be affecting it that way is the Bitcoin Foundation's mismanagement of their funds. But why would that affect the price and cause a panic? I don't know.

[gentlemand]

The current owner of of the kwukduck account is believed to be someone other than the person who created it.

There are a few very consistent doom mongers who've been around since time immemorial. I would not want to be living inside their skulls these days.

[SirChiko]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then

Yeah, but there's a difference between continuing to spread FUD and voicing honest concerns and reasonable doubts about the Bitcoin ecosystem/technology in general.

Did you do what i did or are you just assuming cuz of this post? I checked few pages of his posts and there were no positive posts about bitcoin, only the negative ones.
Some people are even paid for doing this

[techgeek]

Prices are stable in my view.

Its back where it was before the whole mt.gox manipulation where other exchanges priced it, before the $1,000 hype. You gotta factor in the rich people who hold bitcoin, they wouldnt let drop for no reason.

If they really wanted to, they can buy in the losses to retain that price value making it feel more secure to recover all those orders.

[arbitrage001]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

May get back in at 150.

[dothebeats]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I am torn in between: whether to believe in you (because you've stayed longer than me in this forum and in the bitcoin economy as well) or to resist the uneasiness I'm feeling every time a Hero Member or a Legendary member of this forum posts something like this. It's not that I don't trust my decisions, it's just that it keeps me thinking whether this guys are just spreading FUD or really voicing out what's really happening far beyond our sights. Well maybe I'll just believe in my own judgments rather than anyone else's. After all, you couldn't trust anybody in the internet.

[carlosiness]

we hear the same panic for about half a year, i don't matter. it was inroduced not for making a profit.

[techgeek]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

May get back in at 150.

That seems pretty reasonable buy point, cause its like a reset back in 2013.

And getting the chance of now real events to happen, if they do. Hopefully during that time, something great happens within this year. A lot of things can happen 5-6 months time. Cant predict the future, but the price you pay is preparing for it like it may reach $300ish?

[dothebeats]

If there are reasons for this speculations I guess the only news I heard that might be affecting it that way is the Bitcoin Foundation's mismanagement of their funds. But why would that affect the price and cause a panic? I don't know.

Exactly. What can possible be the cause of this price drop to go as low as sub-$200? I really don't think it has something to do with the drama that's happening within the Foundation. Well as I view it, most of the users here doesn't even care about what's happening in the Foundation; they are more focused on what's really happening in the bitcoin ecosystem, sans the foundation.

[Shiver]

I wouldn't give too much credibility to someone just because they have a lot of posts.  It's not a good metric as I see it.  Once they've passed a dozen or so posts they'd get called out by the community if they were spreading FUD (either optimistic or pessimistic).

I know naming numbers is a fate worse than death here, but I'll do it anyway.  It looks to me (from charts only) that the current baseline would add about $70ish dollars per coin over the next year, ignoring all the spikes in both directions that will occur in the meantime, which could be significantly above or below that depending on the time frame of the person trying to make a point.  That may not be exciting compared to the Meth rush we're used to, but it's a darn sight better than negative interest in the banks.

Does anyone remember Richard Branson saying with his UK fund that just putting your money in FTSE and doing nothing, out performed more than 90% of fund managers?

[Pecunia non olet]

Panic at this low level is good. We need double digits or even single digits for a new bullrun back to 500$ or so before we can finally put it to rest. It's not entirely dead yet. Show must go on ...

[inca]

Panic at this low level is good. We need double digits or even single digits for a new bullrun back to 500$ or so before we can finally put it to rest. It's not entirely dead yet. Show must go on ...

Run along now, playtime is over.

[1Referee]

I love panic! Can't wait for it to happen. I have useless fiat waiting to buy Bitcoin with at any time 

Only I don't think we will see sub $200 this year anymore. Support at that level is just too strong.

[uki]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

another missed 'prediction' from you?
I think it is better to focus on the longer term perspective, rather than scream every second day sub $200.
You may accidentally nail it after hundreds of times, but that is not the point.

[Dilla]

Lol no, just no. Stop.

[Enjorlas]

Lol no, just no. Stop.

You won't be laughing for long.

[Dump3er]

Why isn't the price crashing even further? There's still a nice fat bid-wall that can be sold into right now. If the whaleclub is so sure about this, why not sell now for an even bigger profit?

Continue to bait

Bears are out of ammo at this point. We should see another major drop over the next hour or two, yeah. If nothing has happened by then, I wouldn't be surprised to be back at $553 tonight.

It's not a typo, it's delusion for sure! 

[SkyValeey]

Sub 200$ by friday is possible. But I'd say sub 230$:) sub 200$? well, in april, yes, but till friday... That would be painful for bulls:)

[johnyj]

Not when mining is barely make up the electricity

It seems the daily 3600 coins mined are not a big deal, but 10 days will be 36000 coins, and 100 days will be 360K coins, it will affect market slowly but surely. When they are extremely profitable, most of them will be dumped right away, but now when they can even be underwater, these coins will be hoarded, thus dramatically reduce the daily coin supply on market

And the difficulty is on the rise, means the infrastructure investment has not stopped

[Cconvert2G36]

Not when mining is barely make up the electricity

It seems the daily 3600 coins mined are not a big deal, but 10 days will be 36000 coins, and 100 days will be 360K coins, it will affect market slowly but surely. When they are extremely profitable, most of them will be dumped right away, but now when they can even be underwater, these coins will be hoarded, thus dramatically reduce the daily coin supply on market

And the difficulty is on the rise, means the infrastructure investment has not stopped

I see it the opposite way. Costs are relatively fixed in terms of electricity and facility. A lower coin price means a greater % of mined coins need to be sold to meet costs. When the price is higher, the miner may elect to keep a greater % of profits in btc. And no serious (non-hobbyist) miner is running at an operating loss right now, that level is probably somewhere in the low to mid $1xx.

[totoy]

[dexX7]

Keep in mind, and I'm not saying this is the case here: there is always the chance that high profile accounts are hijacked, bought or otherwise used to orchestrate a specific opinion. Echoing the OP by fresh accounts can serve as further indicator. If there is any suspicion, it may help to compare the sentiment of the message with post histories, to spot irregularities.

[Amph]

Keep in mind, and I'm not saying this is the case here: there is always the chance that high profile accounts are hijacked, bought or otherwise used to orchestrate a specific opinion. Echoing the OP by fresh accounts can serve as further indicator. If there is any suspicion, it may help to compare the sentiment of the message with post histories, to spot irregularities.

it could be, because if you see his post history, he wasn't posting so much before in this section, but his style seems the same...

[nanobrain]

Keep in mind, and I'm not saying this is the case here: there is always the chance that high profile accounts are hijacked, bought or otherwise used to orchestrate a specific opinion. Echoing the OP by fresh accounts can serve as further indicator. If there is any suspicion, it may help to compare the sentiment of the message with post histories, to spot irregularities.

Yeah, its gotta be some sort of collusion/plot/troll army -- it couldn't possibly be a genuine post that claims what most people have already figured out....Bitcoin supply is way outstripping demand.

[ensurance982]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then

Yeah, but there's a difference between continuing to spread FUD and voicing honest concerns and reasonable doubts about the Bitcoin ecosystem/technology in general.

Did you do what i did or are you just assuming cuz of this post? I checked few pages of his posts and there were no positive posts about bitcoin, only the negative ones.
Some people are even paid for doing this

Well, I wasn't only talking about his posts... I was merely implying that there are other people who voice critical concerns about Bitcoin, but they base their criticism on facts and intelligently phrase their concerns. (And they still accept other peoples' opinions!)

[Hyena]

It's Friday in my time zone, 5000 bitcoins should be sold on stamp for the price to drop under 200. not going to happen, OP is a liar.

[coinpr0n]

It's Friday in my time zone, 5000 bitcoins should be sold on stamp for the price to drop under 200. not going to happen, OP is a liar.

Speculation goes hand-in-hand with wishful thinking. Nice try though.

[atlosas]

I think if the price drops below 236 we will see some downward action to 210s.

[ensurance982]

It's Friday in my time zone, 5000 bitcoins should be sold on stamp for the price to drop under 200. not going to happen, OP is a liar.

I still give it till Saturday noon CET, I guess. Then every place on Earth had the chance to see a sub-$200 coin, and if it didn't happen, well - at least this thread was wrong. I guess you need to be a contrarian investor these days in order to keep your hopes up....

[1Referee]

Bitstamp orderbook is currently a joke. A medium size dump can trigger panic sellers to dump their coins.

If a whale wants to dump it to very low $200 at bitstamp, he won't have much problems doing so.

[tokeweed]

Which exchange is the driver? 

[spazzdla]

Bitstamp orderbook is currently a joke. A medium size dump can trigger panic sellers to dump their coins.

If a whale wants to dump it to very low $200 at bitstamp, he won't have much problems doing so.

You don't know this.  I'd bet there is a very small amount of people that will sell on even a sub $100 dip.

[kefky]

Which exchange is the driver? 

I guess btc-e

[DonQuijote]

I think if the price drops below 236 we will see some downward action to 210s.

+1
My maths say the same

[bitebits]

I think if the price drops below 236 we will see some downward action to 210s.

+1
My maths say the same

236$ - 26$ ? At least pretend :p

[erikalui]

It has already reached $233 but I am still waiting for a day and then selling it at the bitstamp rate. It won't be a big loss for me though but I am going to be patient and wait for a month to see if it keeps decreasing or increasing. Hoping that it does not go below $230 the next week.

[Amph]

I think if the price drops below 236 we will see some downward action to 210s.

+1
My maths say the same

well this guess was wrong, we are returning to the previous price, or at least the dump has stopped, sub 200 is even more wrong, and since there is enough buy support at 230, it will not drop further

[ensurance982]

Alright, the dumping is continuing - I give you that. But we're still not even half-way to $200! I dare you bears, I double dare you, actually!

[Cconvert2G36]

Well, Friday is drawing to a close. $230 has held so far, but not if a few k get dropped from here.

[tokeweed]

This is going sideways...

[Enjorlas]

The original poster's prediction was actually pretty close. Perhaps not Friday, but Sunday or Monday we might see this sub $200.

[tokeweed]

The original poster's prediction was actually pretty close. Perhaps not Friday, but Sunday or Monday we might see this sub $200.

Are you willing to bet your balls for it?

[Paashaas]

The only thing that makes Bitcoin go to sub $200 is a new decent hack/scam.

[Enjorlas]

The original poster's prediction was actually pretty close. Perhaps not Friday, but Sunday or Monday we might see this sub $200.

Are you willing to bet your balls for it?

That is a poor argument.

You are basically saying, since I am not willing to take an extreme risk for something, the opposite must happen.

Careful..

[Enjorlas]

The only thing that makes Bitcoin go to sub $200 is a new decent hack/scam.

Or the ordinary market forces. Supply and demand.

[tokeweed]

The only thing that makes Bitcoin go to sub $200 is a new decent hack/scam.

Or a big wave of sells coming...  Which we are not seeing. 

[tokeweed]

The original poster's prediction was actually pretty close. Perhaps not Friday, but Sunday or Monday we might see this sub $200.

Are you willing to bet your balls for it?

That is a poor argument.

You are basically saying, since I am not willing to take an extreme risk for something, the opposite must happen.

Careful..

No, I am saying that predictions that come from random people on the internet are mostly people talking out of their asses.  And yes that certainly includes ME!  

[merve10495]

I really don't see this happening just because one day the price went down a bit more than usual.

That being said. I'll come back on Friday if it does happen and say well called.

[tokeweed]

I really don't see this happening just because one day the price went down a bit more than usual.

That being said. I'll come back on Friday if it does happen and say well called.

Wait...  is it next friday?  ....  Or today friday?   

[HeliKopterBen]

I really don't see this happening just because one day the price went down a bit more than usual.

That being said. I'll come back on Friday if it does happen and say well called.

Wait...  is it next friday?  ....  Or today friday?   

Yesterday.  It didn't happen

[Okurkabinladin]

The fact, that mega crash didnt happen, shouldnt placate you. It only means, that we are for drawn out grind down and the price can end up much lower, than 200.

[inca]

The fact, that mega crash didnt happen, shouldnt placate you. It only means, that we are for drawn out grind down and the price can end up much lower, than 200.

You seem to know the future quite well. Could you please tell me next week's lottery numbers please?

[Okurkabinladin]

Inca,
you need to know future winning lottery numbers to realize, there is nothing suggesting lasting reversal from bear market? I hope not.

[inca]

Inca,
you need to know future winning lottery numbers to realize, there is nothing suggesting lasting reversal from bear market? I hope not.

Just making the obvious point that unless it was you market selling 20,000 coins last week, which I assume it is not, then you have no idea which direction the price will move, let alone the nature of the future market movements.

[Warren Buffett]

Just making the obvious point that unless it was you market selling 20,000 coins last week, which I assume it is not, then you have no idea which direction the price will move, let alone the nature of the future market movements.

That applies to you as well, but that doesn't stop you from making price predictions.

[atlosas]

I think if the price drops below 236 we will see some downward action to 210s.

+1
My maths say the same

well this guess was wrong, we are returning to the previous price, or at least the dump has stopped, sub 200 is even more wrong, and since there is enough buy support at 230, it will not drop further

Yes, the support kinda held.

[Fabrizio89]

Sorry man

[Gibbs187x]

i just bought btc 

[Borisz]

Well swings are a bit bigger that "usual", but it's not under 200. First I also didn't know which Friday it should be, maybe the next one or the one after that etc. I'll keep a closer eye on the prices, but I sometimes feel that panic is only there because people tell others there is panic