Morecoin analysis [bitcoin/USD market observations]

[SirLolicon]

people will keep lowering the exchange rate at this rate..  Have to fix up how they think about rush selling and buying.

[1714676741]

1714676741

[8up]

We exactly touched the supportline from $2 to $150.

[Amph]

^^^^^^^^^^^^^^^
This.

Chinese are selling btc like crazy so they can buy stocks. It is the reverse of the 2013 bubble that saw Chinese driving up btc price to 1200. We are looking at btc going down to 120 in the next following days.

it has been said many time, that it was willy bot, an hacker that hacked gox and start pumping the price to cash out in a second phase a big amount, and causing the current enormous drop

personally i'll not be touched by these swings, still holding

[srgkrgkj]

^^^^^^^^^^^^^^^
This.

Chinese are selling btc like crazy so they can buy stocks. It is the reverse of the 2013 bubble that saw Chinese driving up btc price to 1200. We are looking at btc going down to 120 in the next following days.

it has been said many time, that it was willy bot, an hacker that hacked gox and start pumping the price to cash out in a second phase a big amount, and causing the current enormous drop

personally i'll not be touched by these swings, still holding

agreed mate ill be holding to the end too which will hopefully not be messy lol

[Morecoin Freeman]

Market seems afraid to buy even though we are severely oversold already.
I believe the opportunity to buy into a favorable position is now.

[BitmoreCoin]

The bottom is more like in $150. The price will fall in the following days, you should just wait a couple day until the price hits bottom. The price is in downtrend at the moment and will probably go down.

I will buy more when it reaches $150.

[zinjo]

Why everyone thinks that bitcoin rates going down ?
Seems like its going up slowly not down 

[rememberme]

It is still going to dump, i must agree that the real bounce will be at 100-150.

[zinjo]

I feel like you guys trying to bring up panic 
Seems like its going up and up (already $237)
But i'm still scared because of you guys D:

[rememberme]

i sold yesterday, still waiting for it to decrease, way too much panic in markets to buy my whole pot back. Waiting patiently.

[zinjo]

i sold yesterday, still waiting for it to decrease, way too much panic in markets to buy my whole pot back. Waiting patiently.

if i sell my coins right now, then I'll lose $30-$55 per coin 

[rememberme]

fuck, if only my loss was that low.

[zinjo]

fuck, if only my loss was that low.

well, about $1k is big loss for me 

[8up]

i sold yesterday, still waiting for it to decrease, way too much panic in markets to buy my whole pot back. Waiting patiently.

if i sell my coins right now, then I'll lose $30-$55 per coin  

You could possibly loose much more, if you don't sell now, but are not able to hold until 2017+!

I tried to draw a comparison of sentiment (perfect case study is this forum from august 2011 to november 2011), hashpower (we are still growing!) and chart patterns between 2011 and 2014/2015

I come to the conclusion, that we could have seen merely the first half of the correction, which took us 15 month, while back in 2011 it only took us 3 month. If one is assuming that the 2011 bubble is somehow unfolding again only lasting around 5 times longer. We would not see $200+ until the beginning of 2017! The price could go as low as $60 and swing around $100 for a long time. Personally I feel like it is not worth taking the risk to sell all my stash, even if I could tripple my bitcoin holdings, if this folds out as suggested.

[WhatTheGox]

fuck, if only my loss was that low.

well, about $1k is big loss for me 

Time to buy some more to average dollar cost to lower whats the alternative sell to in the hope to rebuy cheaper? fk that.

[zinjo]

fuck, if only my loss was that low.

well, about $1k is big loss for me 

Time to buy some more to average dollar cost to lower whats the alternative sell to in the hope to rebuy cheaper? fk that.

to be honest, i have no idea what to do..
I earned my 20BTC hardly while it's was about $285/BTC
Currently waiting for some higher ranked user to confirm if its good idea to sell bitcoins now or keep them.

[randy8777]

my target for this month is $250 if we then manage to stay above $250 we might see the price recover further. buy while it is still cheap. don't be too late.

[AtheistAKASaneBrain]

Indeed. Indicators are showing bulls are coming in strong. If you don't get loaded right now with BTC you shall meet regret and desperation in the future. Enjoy.

[zinjo]

Indeed. Indicators are showing bulls are coming in strong. If you don't get loaded right now with BTC you shall meet regret and desperation in the future. Enjoy.

Elaborate ? You think bitcoin rates will be going up or down?

[infofront]

Indeed. Indicators are showing bulls are coming in strong. If you don't get loaded right now with BTC you shall meet regret and desperation in the future. Enjoy.

Just like a month or so ago, when everyone was saying we'd blast straight through $300 on the way to the moon?