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Question: Will spazzdla's call be right, $440 we will never go under again.
Yes - 9 (40.9%)
No - 13 (59.1%)
Total Voters: 22

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Author Topic: That's it, $440 was the bottom.  (Read 2140 times)
Lionidas
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May 22, 2016, 09:55:33 PM
Last edit: May 22, 2016, 11:49:15 PM by Lionidas
 #21

It coming closer now to that. Last I looked it dropped $2. I think for the weekend perhaps. Lets hope it is that  Undecided
So it is $437  Cry
Bitfinex dropped even to $435.1 and I believe it will go even lower than that in the coming 24 hours.

Chinese exchanges however refuse to follow the downside road as they are like $7 to $8 higher than all other exchanges.
I didn't see it go to $435 as bitfinex is not a proper way to watch the price. I trust in bitstamp price to be a standard across all boards to go by.
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May 22, 2016, 09:57:15 PM
 #22

Price is back to 440 but for how long? At this moment it doesn't seem it will hold that price long if you ask me. Before the end of the week the price will be at least back to 430.
That is offcourse if we can't manage to have enough buy support.

Just browse through the various orderbooks of the major exchanges. You'll see that there is no buy support at all anywhere near the current prices.

This is needed to get the price back to $400 on various exchanges.

Bitfinex ~6500BTC
Bitstamp ~2600BTC
BTC-E ~2800BTC

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May 22, 2016, 10:20:39 PM
 #23

Price is back to 440 but for how long? At this moment it doesn't seem it will hold that price long if you ask me. Before the end of the week the price will be at least back to 430.
That is offcourse if we can't manage to have enough buy support.

Just browse through the various orderbooks of the major exchanges. You'll see that there is no buy support at all anywhere near the current prices.

This is needed to get the price back to $400 on various exchanges.

Bitfinex ~6500BTC
Bitstamp ~2600BTC
BTC-E ~2800BTC
So you see it going back to $400 from this information given to you by the other exchanges?
I just don't see it. If they can also give a time when this is happening that would be more useful too.

The parasite hates three things: free markets, free will, and free men.
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May 22, 2016, 10:27:03 PM
 #24

Bye bye, 440, be welcome 430! But 400, you are the next invited to this party! Now the question is what is going to be the next support level. I have read about $200 again! It might occur? It's just a matter of time.
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May 22, 2016, 10:50:48 PM
 #25

It coming closer now to that. Last I looked it dropped $2. I think for the weekend perhaps. Lets hope it is that  Undecided
So it is $437  Cry
Bitfinex dropped even to $435.1 and I believe it will go even lower than that in the coming 24 hours.

Chinese exchanges however refuse to follow the downside road as they are like $7 to $8 higher than all other exchanges.
Imdidn't see it go to $435 as bitfinex is not a proper way to watch the price. I trust in bitstamp price to be a standard across all boards to go by.

Bitfinex is the top exchange that the majority of the people look at.

Bitstamp has lost a lot traders and interest from people as it is falling behind without stopping.

Just FYI, even Bitstamp touched $435 today.
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May 22, 2016, 11:50:44 PM
 #26

It coming closer now to that. Last I looked it dropped $2. I think for the weekend perhaps. Lets hope it is that  Undecided
So it is $437  Cry
Bitfinex dropped even to $435.1 and I believe it will go even lower than that in the coming 24 hours.

Chinese exchanges however refuse to follow the downside road as they are like $7 to $8 higher than all other exchanges.
Imdidn't see it go to $435 as bitfinex is not a proper way to watch the price. I trust in bitstamp price to be a standard across all boards to go by.

Bitfinex is the top exchange that the majority of the people look at.

Bitstamp has lost a lot traders and interest from people as it is falling behind without stopping.

Just FYI, even Bitstamp touched $435 today.
So you are saying that I should be following the price that bitfinex is giving to sell my bitcoins for?
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May 23, 2016, 12:01:33 AM
 #27


So you are saying that I should be following the price that bitfinex is giving to sell my bitcoins for?

It all depends on the trading sites that you will execute your sell.

If you are in bitfinex then it's obvious you will follow the price there.

If you are in other exchange site or will use any services to convert  your bitcoin to fiat, it has it's own rate of bitcoin to usd exchange.

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May 23, 2016, 04:14:47 AM
 #28

It coming closer now to that. Last I looked it dropped $2. I think for the weekend perhaps. Lets hope it is that  Undecided
So it is $437  Cry
Bitfinex dropped even to $435.1 and I believe it will go even lower than that in the coming 24 hours.

Chinese exchanges however refuse to follow the downside road as they are like $7 to $8 higher than all other exchanges.
Imdidn't see it go to $435 as bitfinex is not a proper way to watch the price. I trust in bitstamp price to be a standard across all boards to go by.

Bitfinex is the top exchange that the majority of the people look at.

Bitstamp has lost a lot traders and interest from people as it is falling behind without stopping.

Just FYI, even Bitstamp touched $435 today.
So you are saying that I should be following the price that bitfinex is giving to sell my bitcoins for?

there will always be some differences between the price of bitcoin in different exchangers, you should choose an exchanger based on other things for example if they are legit or have good trade volume also based on their deposit and withdrawal methods for fiat.

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May 23, 2016, 04:16:53 AM
 #29

Eh, anything could happen. We could hit $100, $250, or even 1k. It all depends on supply and demand.
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May 23, 2016, 07:50:22 AM
 #30

The price is amazing I expect it to hit 500 soon maybe even 800.

Dont get too cocky tho it could tank any time a new craig wright is named satoshi...
I also expect the price to hit $500 any time soon now but not $800 that is just way to high. I predict that the price has to hit $500 in at least 2 months if not then that means that the halving has come in.


                ,╓▄▄▄▄▄▄▄▄▄╓                 
            ╓▄█████████████████▄╖           
         ╓▄█████▀▀'▒,,,,,╠'▀▀█████▄,         
       ,▓███▀╜,▄▄███████████▄▄,╙▀████╖       
      ▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄     
     ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌     
    ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌   
   ]███▌┌███▌ ▐███         ███▄ ▐███ ▐███,   
   ▐███ ▐███ .███           ███  ███▌ ███▌   
   ▐███ ▐███ '███           ███  ███▌ ███▌   
   ]███@╙███@ ▀██▌        ,▄██▌ ▐███ ▐███`   
    ▓███ ▐███▄ ╙██▀╩     9███╜ ╔███▀,███▌   
     ████,╙███▌               ▓███╜,████     
      ▀███▄ ▀╜                 ▀▀ ▄███▌     
       ╙████▄,                 ╓▄████╜       
         ╙█████▄▄╓,       ,╓▄▄█████▀         
            ▀▀█████████████████▀▀           
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May 23, 2016, 08:04:45 AM
 #31

Price is back to 440 but for how long? At this moment it doesn't seem it will hold that price long if you ask me. Before the end of the week the price will be at least back to 430.
That is offcourse if we can't manage to have enough buy support.

Just browse through the various orderbooks of the major exchanges. You'll see that there is no buy support at all anywhere near the current prices.

This is needed to get the price back to $400 on various exchanges.

Bitfinex ~6500BTC
Bitstamp ~2600BTC
BTC-E ~2800BTC
So you see it going back to $400 from this information given to you by the other exchanges?
I just don't see it. If they can also give a time when this is happening that would be more useful too.

I didn't say the price will go back to $400 at all. I was just pointing out how weak the support on all exchanges is by showing how many coins there are put up as being support.

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May 23, 2016, 10:17:46 AM
 #32

Eh, anything could happen. We could hit $100, $250, or even 1k. It all depends on supply and demand.

realistically it will most likely not go below $300 this year, but that doesn't mean the price will not try to test the lower $300 price levels. bitcoin will never stop surprising people. weird things can happen with enough panic going through the markets.
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May 23, 2016, 12:41:11 PM
 #33

It coming closer now to that. Last I looked it dropped $2. I think for the weekend perhaps. Lets hope it is that  Undecided
So it is $437  Cry
Bitfinex dropped even to $435.1 and I believe it will go even lower than that in the coming 24 hours.

Chinese exchanges however refuse to follow the downside road as they are like $7 to $8 higher than all other exchanges.
I didn't see it go to $435 as bitfinex is not a proper way to watch the price. I trust in bitstamp price to be a standard across all boards to go by.
That is nice if that will happen but the most people are hoping that the value will be higher soon and that is perfect for the people with Bitcoin.
But you also need some making investment to earn profit in the future.
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May 23, 2016, 12:56:26 PM
 #34

Price is back to 440 but for how long? At this moment it doesn't seem it will hold that price long if you ask me. Before the end of the week the price will be at least back to 430.
That is offcourse if we can't manage to have enough buy support.

Just browse through the various orderbooks of the major exchanges. You'll see that there is no buy support at all anywhere near the current prices.

This is needed to get the price back to $400 on various exchanges.

Bitfinex ~6500BTC
Bitstamp ~2600BTC
BTC-E ~2800BTC
So you see it going back to $400 from this information given to you by the other exchanges?
I just don't see it. If they can also give a time when this is happening that would be more useful too.

I didn't say the price will go back to $400 at all. I was just pointing out how weak the support on all exchanges is by showing how many coins there are put up as being support.
Ah, I get what you are getting at now. Yes because I agree with you there. There just isn't enough in the way of support on any of these exchanges. I do hope this can change in the future so we can have stability on all boards when it comes to a determined price from day to day trading.

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May 23, 2016, 09:35:44 PM
 #35

I do hope we get back up to ~$470 soon.

 Roll Eyes

Smiley
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May 24, 2016, 01:39:04 AM
 #36

I do hope we get back up to ~$470 soon.

 Roll Eyes

When it does take off, $470 will not be a level to hold it back.  Smiley
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May 24, 2016, 07:22:41 AM
 #37

That is nice if that would be the bottom because you can see that the halving is coming towards to us and that is perfect for the future and people with Bitcoin.
But it is really hard to know that you can make some more money with it but we have to see and wait.

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May 24, 2016, 09:20:39 AM
 #38

Bye bye $440's.

$440 is the bottom until it is not.
That was the barrier for a long time but we have passed that and the price is up to $500. With the price at $500 I think that people are going to sell some coins in order to make a profit.
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May 24, 2016, 10:14:02 AM
 #39

It coming closer now to that. Last I looked it dropped $2. I think for the weekend perhaps. Lets hope it is that  Undecided
So it is $437  Cry
Bitfinex dropped even to $435.1 and I believe it will go even lower than that in the coming 24 hours.

Chinese exchanges however refuse to follow the downside road as they are like $7 to $8 higher than all other exchanges.
Imdidn't see it go to $435 as bitfinex is not a proper way to watch the price. I trust in bitstamp price to be a standard across all boards to go by.

Bitfinex is the top exchange that the majority of the people look at.

Bitstamp has lost a lot traders and interest from people as it is falling behind without stopping.

Just FYI, even Bitstamp touched $435 today.
So you are saying that I should be following the price that bitfinex is giving to sell my bitcoins for?
Bitfinex is somewhat of a benchmark exchange when it comes to the price, but that doesn't mean you should just focus on that exchange if your exchange of choice is Bitstamp.

I for example use Kraken as my exchange of choice. I use it to sell and buy at, but if Kraken for example is $5-$10 lower than Bitfinex, I prefer to wait till the price of Kraken comes closer to Bitfinex as it needs to catch up.
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May 24, 2016, 05:03:04 PM
 #40

That is nice if that would be the bottom because you can see that the halving is coming towards to us and that is perfect for the future and people with Bitcoin.
But it is really hard to know that you can make some more money with it but we have to see and wait.

There are some who think current levels are a peak, before we descend again.
I am not one of them.  Smiley
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