panic kicking in, sub 200 by friday

[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.