panic kicking in, sub 200 by friday

[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!