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Hullo
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January 16, 2016, 08:58:18 PM |
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No price will not go below 350 $ but will be seen reverse trend.It is quite possible to see price above 400$ again by the end of tomorrow.This was a short term dump for short period of time.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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UnknownUsername
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January 16, 2016, 09:18:04 PM |
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maybe price will drop to $350 so i waiting bitcoin fall to the that price for buy some coins but im so confused why price fall fast.
prices dropped $100 before right? It could also happen this year lol. |
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uki
Legendary
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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January 16, 2016, 09:56:33 PM |
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Next support is 340 dollar, so it will take a matter of days we will get there.
I am sure the selling has started and we end up (eventually) to around 300 dollar again.
Which is still a great value for your money considering where we were last year.
there are actually quite many support lines between $400 and $350 and one of them should definitely stop the correction. $380, $370 and $363 are the levels to watch. In my opinion we would need something really big to break below $350. |
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UnknownUsername
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January 16, 2016, 11:42:51 PM |
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Next support is 340 dollar, so it will take a matter of days we will get there.
I am sure the selling has started and we end up (eventually) to around 300 dollar again.
Which is still a great value for your money considering where we were last year.
there are actually quite many support lines between $400 and $350 and one of them should definitely stop the correction. $380, $370 and $363 are the levels to watch. In my opinion we would need something really big to break below $350. price will drop by $25 in the next 4-5 days. I keep on reading the same support here, support there. Price drop is inevitable |
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iram1011
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January 16, 2016, 11:45:23 PM |
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The price is going down. I expect it to reach below 350$.
What are your thoughts?
this is a good time to buy... because when price go up people say "why I don't buy when price was below 400$"? yes...buy... this is a good moment  |
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Newcoins2020
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January 17, 2016, 12:08:07 AM |
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Right now it's unsure where the price is going. I would wait and see if there is some more information.
This is way to risky for me.
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Tasmonid
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Activity: 109
Merit: 10
Decentralized Transportation Economy
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January 17, 2016, 01:39:18 PM |
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Right now it's unsure where the price is going. I would wait and see if there is some more information.
This is way to risky for me.
The market will recover from the recent sell off. When the stock market drops more, some people will come to buy more bitcoins. |
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Ruzka
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January 17, 2016, 01:44:13 PM |
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The price is going down. I expect it to reach below 350$.
What are your thoughts?
Well it looks like you was right when you posted this. It did indeed drop to $352 on Bitfinex briefly. My thoughts are all over the place, I have little to no idea where this is heading but I do have a feeling it was just whales creating a panic over recent news so they could stock up on some cheap coinage. It worked and now probably a recovery back to $400. We'll see. |
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n2004al
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January 17, 2016, 02:08:31 PM |
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The price is going down. I expect it to reach below 350$.
What are your thoughts?
It is easy to answer to this question. The price is going down? Then what? It is the first time? Naturally not. As it was happen tens of times will go again up and again down and again up. This is the story of every kind of currency. Being that traditional one or being crypto. There is nothing strange here. Especially for bitcoin there is nothing new or heavy in this situation. Who was here at that time can remember that after the crack of MtGox the price fall from about 12000 us dollar one bitcoin at about 100 us dollar one. And stayed there for months. Comparing to that situation this one is a joke. What are for bitcoin 60-70 us dollar down? Nothing. And already is giving signs of "back on itself". There is since yesterday that is stable and even with an easy up. Before, this situation comes after one month... So nothing was happen.. One ordinary day like all the days of bitcoin. Needed some other days end everything will be story... |
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cinnamon_carter
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It's about time -- All merrit accepted !!!
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January 17, 2016, 02:24:21 PM |
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while there are always many factors that cause the exchange rate of btc to "old type money" like euros, dollars ect.... to bounce around when you consider the amout of bitcon total value is a tiny percent of the value of 'all' estimates of the entire old style world money supply .....some ideas come to mind
(i feel the market share metric is not an ideal way to measure 'value' but it is probably easiest to discuss assuming market share was real and if all bitcoin that exist were sold instantly the amount exchanged would be this figure)
recent events in bitcoin trends show that many external companies that focus on payment systems and other technology along with several traditional financial sacred cows are investing resources to attempt to shape the future development of bitcoin in a way that would be an advantage to their future plans or products that involve btc (whatever theose plans are)
some large financial institutions , many of which are global corporations have access to so much 'money' for investment purposes it would be a drop in the bucket to their bottom line for them to gradually purchase bitcoiin and for several of these players to hold a lot of btc
even if these parties are not working together to intentionally manipulate the exchange rate of btc there is no real way of knowing how many holders of bitcoin are well enough backed to sell bitcoin intentionally at a loss just to drive down the price
this is of course somewhat difficult to prove but to anyone paying attention to pending regulations, pending development of bitcoin and other events in the bitcoin world (like shills who are trying hard but fail and run away after being unable to push wall street agendas to cause permanent changes to the bitcoin source code which most users and miners of bitcoin do not agree with but would benefit the wall st crowd) I think it easy to conclude those who currently control the 'creation' of money world wide don't really want bitcoin around unless it is going to fit in their existing systems and they can get a piece of the action.
so what will happen next
expect continued market manipulation of the exchange rate of btc up and down by parties who have such resources available and motivation also. I hope I am wrong but I can imagine this bouncing around for several years......
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Check out my coin Photon Merge Mine 5 other Blake 256 coins - 6x your hash power https://www.blakecoin.org/The obvious choice is not always the best choice. LOOK DEEPER - Look into the Blake 256 Family -- CC |
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tbterryboy
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January 17, 2016, 03:11:29 PM |
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I dont see the price doing any large swing in the next week or so. The most likely outcome from now (383$) is it settling somewhere between 370 and 390 and being extremely boring for quite a while.
I do foresee some big movements in this upcoming week, like testing $500 levels again. World stocks are trading in red. Gold is on uptrend. So, bitcoin will join with gold. |
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Bitcoinbro
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January 17, 2016, 10:09:47 PM |
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We could have gone back easily to 300.
But we saw good resistance.
It's good to see people now 370 dollar is way to cheap for bitcoin and they started buying again.
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interbtc
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January 17, 2016, 11:23:37 PM |
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I dont see the price doing any large swing in the next week or so. The most likely outcome from now (383$) is it settling somewhere between 370 and 390 and being extremely boring for quite a while.
I do foresee some big movements in this upcoming week, like testing $500 levels again. World stocks are trading in red. Gold is on uptrend. So, bitcoin will join with gold. There is near 0% chance it will test 500$ in such a short span of time right after the friday's blood bath. Historically, it takes quite a long time for price to recover and stabilize after this kind of news. So probably going to be the same pattern - boring for a while, maybe even longer than i expect. Didn't the price zig-zag before every large bullrun ? None the less, there's no point in arguing since noone knows what the market will decide to do next, it's so unpredictable and volatile, but i'm guessing this is only the beggining of yet another attempt of manipulation. |
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Oscoda
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January 18, 2016, 12:39:10 AM |
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Just give it a few days and you will see the price will rise again.
When you are trading, be patient too.
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uki
Legendary
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Merit: 1000
cryptojunk bag holder
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January 18, 2016, 12:41:54 AM |
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there are actually quite many support lines between $400 and $350 and one of them should definitely stop the correction. $380, $370 and $363 are the levels to watch. In my opinion we would need something really big to break below $350.
price will drop by $25 in the next 4-5 days. I keep on reading the same support here, support there. Price drop is inevitable Price drop by $25 is exactly in line with what I wrote above. |
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MaritiJames3
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January 18, 2016, 10:32:38 PM |
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Just give it a few days and you will see the price will rise again.
When you are trading, be patient too.
I presume the price will go up to it's former level again. Today we saw the price climb a little bit, which means we got still the majority of the investors on board. |
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mixan
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TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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January 18, 2016, 10:36:29 PM |
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there are actually quite many support lines between $400 and $350 and one of them should definitely stop the correction. $380, $370 and $363 are the levels to watch. In my opinion we would need something really big to break below $350.
price will drop by $25 in the next 4-5 days. I keep on reading the same support here, support there. Price drop is inevitable Price drop by $25 is exactly in line with what I wrote above. Not one big price drop all at once, that would mean something very wrong has happened. And it seems that anything relating to bitcoin is on hold at this time and has not been revealed in the news yet. Cryptsy, Russia banning it, China economic meltdown hence all those mines lost all those are in limbo and nothing has happened there yet. |
The parasite hates three things: free markets, free will, and free men.
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elite3000
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January 18, 2016, 11:25:00 PM |
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I doubt. All the cryptsy situation is known and they confessed they can't pay, so things can't get worse unless someone discovers that they stole their own coins or something like that
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mixan
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Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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January 19, 2016, 04:20:54 AM |
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I doubt. All the cryptsy situation is known and they confessed they can't pay, so things can't get worse unless someone discovers that they stole their own coins or something like that
Yes they have been sued so more facts will be exposed during the court hearings as the judge would like to know all and everything about this company and it's procedures while it's business is still running. I would assume the judge would like to throw the book at them for as many faults they have done and as many they can find in open court. |
The parasite hates three things: free markets, free will, and free men.
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DomesticTrader
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January 19, 2016, 08:24:29 AM |
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I guess the price will touch the old low soon, or maybe a miracle will happen and we see it go up again.
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