Morecoin analysis [bitcoin/USD market observations]

[LFC_Bitcoin]

400 USD bitcoins in 2015 are certainly realistic. I am a HODLER & very bullish but I still like to try & stay realistic, I'm not a deluded idiot expecting 10,000 USD coins in the short term.

I think we could even reach 500 USD coins before the New Year but 400 is a pretty good, realistic target. I'll be disappointed if we don't break 400 before January 2016 to be honest.

[1715497481]

1715497481

[1715497481]

1715497481

[1715497481]

1715497481

[1715497481]

1715497481

[1715497481]

1715497481

[Amph]

we could see $400 within 2015. Yes, really.

I hope we could see much more than 400 within 2015. It's 5 months to go, and 5 months is very long term in bitcoinland. We used to have a rally every 7-8 months.

the last long time of 220-250 range is telling me that 5 months can not be enough this time for something bigger than 400-500, if for every tiny move up, we need the same time frame to sustain it, then we can expect another big move toward 400 and that's it for 2015

i'm not talking about random pump that might occur in these 5 months

[Wary]

we could see $400 within 2015. Yes, really.

I hope we could see much more than 400 within 2015. It's 5 months to go, and 5 months is very long term in bitcoinland. We used to have a rally every 7-8 months.

the last long time of 220-250 range is telling me that 5 months can not be enough this time for something bigger than 400-500, if for every tiny move up, we need the same time frame to sustain it, then we can expect another big move toward 400 and that's it for 2015

i'm not talking about random pump that might occur in these 5 months

I don't want to sound like a "deluded idiot"(C) LFC_Bitcoin  , but:

1. There are epochs in bitcoin. We had one-year downtrend. Now we have half-year consolidation. Then uptrend will start. I expect it to happen earlier than in 5 months.
2. People tend to expect tomorrow to be about the same as yesterday. We don't expect times to change. That's why people were over-optimistic during rally and are (IMO) over-pessimistic now. They expect for consolidation to go on forever.
3. Reward halving is one year away. It should cause price doubling. But the doubling won't happen overnight. It should start much earlier.
4. ETF. They cannot drag it forever. There are still chances (however slim ) of it happening this year.

That's why I expect more than 30% up (i.e. $400) this year, although not necessarily ATH.

[futurebit640]

400 USD bitcoins in 2015 are certainly realistic. I am a HODLER & very bullish but I still like to try & stay realistic, I'm not a deluded idiot expecting 10,000 USD coins in the short term.

I think we could even reach 500 USD coins before the New Year but 400 is a pretty good, realistic target. I'll be disappointed if we don't break 400 before January 2016 to be honest.

yes, I hope also. I'm really didn't like the bubble scenario and free fall. I'll be happy, if we will reach stabilized 400USD per BTC until end of this year.

[Morecoin Freeman]

I have been increasing my position this weekend.
Fortunately this was a good weekend to invest fresh money.

The market is oversold on multiple time frames, which should indicate a price increase to happen soon.

Status: Bought some good amounts at $268 and at $261.
(BITCOIN PRICE INDEX $264.71)

[nicked]

Whew! I'm glad to hear that I'm not the only one that bought at $268.00.

[Morecoin Freeman]

Bottom is in at $250! The market is screaming oversold.
This went lower than I expected, which is not good. A bad month in trading for me.

Status: Holding onto my buys from $268, $261 and $256.
(BITCOIN PRICE INDEX $250.05)

[r3t4rD4life]

I really hope that you are right.  Too scared to buy, too scared to sell, feeling like a frog slowly being boiled.

[zeroday]

Today's low: 246.7

Over 20k was dumped but it recovered to 250 fast.

[ask]

Today's low: 246.7

Over 20k was dumped but it recovered to 250 fast.

Today's low was under 200.

[xIronCrossx]

Today's low: 246.7

Over 20k was dumped but it recovered to 250 fast.

Today's low was under 200.

Depending on the exchange, I think only Bitfinex was actually under $200. Coinbase low was around $217.

[relm9]

Today's low: 246.7

Over 20k was dumped but it recovered to 250 fast.

Today's low was under 200.

Depending on the exchange, I think only Bitfinex was actually under $200. Coinbase low was around $217.

Seeing $200 as the low for Coinbase, unless you mean the regular site and not the exchange. BTC-E, which usually has a lower price than the rest, surprisingly didn't go past $220.

[xIronCrossx]

It looks like $200 was an outlier, most of the sells were around the $218ish mark.

I didn't check the exchange during the big drop though, so I could be wrong and there were more sells. But from the chart it looks like just a small blip.

[EternalWingsofGod]

It looks like $200 was an outlier, most of the sells were around the $218ish mark.

I didn't check the exchange during the big drop though, so I could be wrong and there were more sells. But from the chart it looks like just a small blip.

That was a surprise today, was not expecting to see it back at the low range of $210 even if it was a brief touch
Sitting at around $230 dollars now is not a great sign for upward movement but a potential sign of even further downward momentum
(That said bleeding aside it could stabalize again)

[Morecoin Freeman]

I increased my position again today...
Level of max pain is reached with a lot of FUD on the forums too, so $220 is a strong buy for me.

Some people are waiting for another flash crash at bitfinex.
These sort of events do not happen often. They will probably miss out on cheap coins.

The market is severely OVERSOLD at this time.

(BITCOIN PRICE INDEX $219.50)

[klee]

I increased my position again today...
Level of max pain is reached with a lot of FUD on the forums too, so $220 is a strong buy for me.

Some people are waiting for another flash crash at bitfinex.
These sort of events do not happen often. They will probably miss out on cheap coins.

The market is severely OVERSOLD at this time.

(BITCOIN PRICE INDEX $219.50)

[EternalWingsofGod]

This is a triggered event due to the Chinese stock market tanking from all the leverage and margin calls
The fact its this strong of an effect in Bitcoin as well makes me wonder how strong the
BTC/CHN pair is not the BTC/USD pair
(Although to be fair all the big indexes were bleeding today)

[Kazimir]

I always wonder how people interpret this advice:

- Buy low, sell high.

Ok, so now you buy some (regardless at which price levels) and you see the price dropping.

Following the advice to buy low, sell high would imply waiting until the price rises above your original buying level. This can be a *looong* wait (if ever) and might cause your losses to become substantial (up to 100%).

In theory, buy low sell high is great advice. In practice, not so much.

[talks_cheep]

I always wonder how people interpret this advice:

- Buy low, sell high.

Ok, so now you buy some (regardless at which price levels) and you see the price dropping.

Following the advice to buy low, sell high would imply waiting until the price rises above your original buying level. This can be a *looong* wait (if ever) and might cause your losses to become substantial (up to 100%).

In theory, buy low sell high is great advice. In practice, not so much.

Well, then just buy HIGH and sell LOW, like most people on this forum do.

[smoothie]

there is a good chance that no meaningful rally will take place for some time.

We either go side ways for a while or we slowly go downwards.

Block size issue needs to be resolved and done with before price can even attempt to go towards a new ATH or even $500 etc.

I do not believe we have reached the level of max pain yet.