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Author Topic: 780 broken.. 500 .. maybe even 220-240 again... ?  (Read 4223 times)
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January 13, 2017, 08:47:07 PM
 #61

block size trolls will also show up if segwit is activated and working correctly. after a while these exact trolls will start another round of war against bitcoin as then 2mb is not enough anymore and holding back bitcoin's growth according to them. long story short, whatever happens, trolls will always find something to fud about.

While I agree that this scenario would be possible, I think it would be much more expensive for the trolls to attack a blockchain which is able to manage all "legit" transactions. If we compare the average block size growth (see a chart here: https://blockchain.info/charts/avg-block-size?timespan=2years) then we see that in 2016 there was a growth of aproximately 30%. That means that if this growth continues, with SegWit we will have about 2 years to find a solution.

The problem is that if even legit transacations are beginning to be excluded from the blockchain (that's what I expect if SegWit is not activated soon), then trolls could do much more harm - and generate a lot of panic, mostly among new users. A price crash of epic dimensions would be a very probable consequence.

It could happen, and it's good in one point. The threat makes people improve their defenses, that is what will happen with Bitcoin technology, it's always being improved because there is always a threat against it.

And even this issue takes a bit more time to be fixed, the community and enthusiasts know the potential of Bitcoin and won't give up so easily using Crypto-Currencies.

 
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January 13, 2017, 09:20:27 PM
 #62

Thanks God bitcoin loos like coming back on it's previous high price level. I expect it will jump around 900$ for some time after rising. I really don't know the reason of last fall. maybe someone could tell the reason and please without guessing, real facts.
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January 13, 2017, 09:26:24 PM
 #63

I hope this time we won't have such a situation and btc is going to stabilize soon. There are more people trusting it now. And no big reason to continue selling. So, I believe bitcoin won't drop lower than $500. However, we must remember that even $200 is not a catastrophy. It will just mean we'll need to wait for another 2 or three years and at that time I hope btc will become $1k and finally stabilize there.

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January 13, 2017, 09:31:45 PM
 #64

bitcoin is not that weak. although bitcoin prices fell in a relatively short time, but, I feel that bitcoin is able to maintain its price at this time. Well, bitcoin prices are down from $ 1,100 to $ 780, but, at this time the condition of bitcoin prices can be said to have become normal. bitcoin price becomes $ 822 today, and I believe, bitcoin prices have stabilized and will continue to go up from this point.
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January 13, 2017, 10:03:43 PM
 #65

Get some  buying ready around 220-240.. ?! :S  not looking good boys.

Get some buying ready around $820 it is looking good boys Smiley
A drop then a correction then a rise after being steady for a while
Meanwhile the Chinese central bank recent action had a negative impact on the price for sure

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January 13, 2017, 11:02:32 PM
 #66

In my eyes it cannot go lower than the amount of 500 dollar that is just the limit in my eyes, lower than that is simply not possible anymore.
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January 13, 2017, 11:05:36 PM
 #67

Price won't drop much lower than $800.
I don't know what kind of drugs you guys are smoking, but there is no way it will drop to $200 until Bitcoin is totally dead.
All this fake news out of China was just some FUD so whales could scoop up coins cheap from weak investors before the next pump.

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January 14, 2017, 12:41:04 PM
 #68

Price won't drop much lower than $800.
I don't know what kind of drugs you guys are smoking, but there is no way it will drop to $200 until Bitcoin is totally dead.
All this fake news out of China was just some FUD so whales could scoop up coins cheap from weak investors before the next pump.
Absolutely, I totally agree with you. Bitcoin prices will not go down to $ 200, because bitcoin is now different than before. Bitcoin prices were down a few days ago is very reasonable because of the fluctuations and the fact that prices are now up again. Bitcoin prices were down a few days ago only temporary and certainly the price will soon recover. So if someone said that bitcoin price of will drop to $ 200 I think it was less precise.
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January 14, 2017, 01:45:59 PM
 #69

Price won't drop much lower than $800.
I don't know what kind of drugs you guys are smoking, but there is no way it will drop to $200 until Bitcoin is totally dead.
All this fake news out of China was just some FUD so whales could scoop up coins cheap from weak investors before the next pump.

It did drop lower than $800 but not lower than $700.  Seeing bitcoin at $200 is far from my imagination eventhough I wish it could.  But well reality, there is more supporter now than before.  I guess the current crash is just accumulation stage.

Get some buying ready around $820 it is looking good boys Smiley
A drop then a correction then a rise after being steady for a while
Meanwhile the Chinese central bank recent action had a negative impact on the price for sure

I agree on this.
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January 14, 2017, 01:56:49 PM
 #70

Price won't drop much lower than $800.
I don't know what kind of drugs you guys are smoking, but there is no way it will drop to $200 until Bitcoin is totally dead.
All this fake news out of China was just some FUD so whales could scoop up coins cheap from weak investors before the next pump.

That is why we should not be drinking coffee too much in the morning while looking at the price chart.  Cheesy

Anyway, I really don't see it dropping below $600, it needs a massive FUD to shake the community and sell their coins to whales. This things actually happens many times already, the hacks, the dramas, the real satoshi issue and so on, but none of it drop the price to a very low, it just get back to the track after bumping and creating a small price dip.

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January 16, 2017, 01:00:06 PM
 #71

block size trolls will also show up if segwit is activated and working correctly. after a while these exact trolls will start another round of war against bitcoin as then 2mb is not enough anymore and holding back bitcoin's growth according to them. long story short, whatever happens, trolls will always find something to fud about.

The problem is that if even legit transacations are beginning to be excluded from the blockchain (that's what I expect if SegWit is not activated soon), then trolls could do much more harm - and generate a lot of panic, mostly among new users. A price crash of epic dimensions would be a very probable consequence.

i do some occasional trading, and if there is another epic crash that will bring down the price to levels significantly lower than the one we are sitting at right now, then it doesn't really bother me. but if i look at what damage this inflicts on the image of bitcoin by non bitcoiners and others, then it's of course something i don't want to become reality. but it's something we can't do anything about. especially when you consider how easy it is for trolls to manipulate the way of thinking of these newbies.
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January 16, 2017, 01:13:25 PM
 #72

What bothers me most are not general public somewhat negative stance towards bitcoin - which is understandable because they are uneducated in this matter.
But I can't believe that some old time members of crypto community are so pessimistic and FUD-susceptible.

Last dump was caused by overreaction (like always) and after initial news that Chinese government will try to 'regulate' exchanges there is ZERO indication that stricter restrictions would be put in place.
The dump and downward trend is OVER!
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January 16, 2017, 01:18:03 PM
 #73

I don't beleive that Bitcoin will fall that deep. One price correction and everyone is full of ultra negative predictions, there is no ground for this. Besides the price is now around 800$ which is not that bad and doesn't indicate further big dump. There is no reason for spreading panic on the market and make damage even worse.

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January 16, 2017, 05:39:22 PM
 #74

We can see $ 800 this week, we can see fake pumps from time to time. And now the price of 825 dollars, they can panic in the market. Not to miss the opportunity to buy.

IMO, it will stay there for a while. May be one or two months, before rising once again. The next time the exchange rate touches $1,000 per coin, it is going to stay. Those who had a target of $1,000 have mostly sold their coins. So we are not going to witness another mass sell-off, if the exchange rate hits $1,000 per coin again.
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January 16, 2017, 05:50:55 PM
 #75

if youre prediction bitcoin price down until reach 200 dollar
youre only joke not serious
youre prediction not use analys, only emotional, because bitcoin price is down after reach over 1000 dollar/bitcoin
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January 16, 2017, 06:02:55 PM
 #76

We can see $ 800 this week, we can see fake pumps from time to time. And now the price of 825 dollars, they can panic in the market. Not to miss the opportunity to buy.

IMO, it will stay there for a while. May be one or two months, before rising once again. The next time the exchange rate touches $1,000 per coin, it is going to stay. Those who had a target of $1,000 have mostly sold their coins. So we are not going to witness another mass sell-off, if the exchange rate hits $1,000 per coin again.
i hope that the price will rise again back to $1000 but i think this time we will experience of decrease or stable price.
Unless if there is a news new adoption or more adoption are come that can affect the market value..
I think this coming march we will see price increase until may..



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January 16, 2017, 06:58:45 PM
 #77

780 broke for like, 16 hours, but 750 held pretty strong. and then we went back above 800 and havent gone much lower. id say this is the sort of outlier drop that doesnt count as breaking a trend. contrarily though, we have seen a bit of a triple top at the 838 level over the last few days, so either that resistance level is going to hold and well drop lower in to the 650s, or itll break and back to 900 we go. time will tell.
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January 16, 2017, 07:00:48 PM
 #78

We can see $ 800 this week, we can see fake pumps from time to time. And now the price of 825 dollars, they can panic in the market. Not to miss the opportunity to buy.

IMO, it will stay there for a while. May be one or two months, before rising once again. The next time the exchange rate touches $1,000 per coin, it is going to stay. Those who had a target of $1,000 have mostly sold their coins. So we are not going to witness another mass sell-off, if the exchange rate hits $1,000 per coin again.
i hope that the price will rise again back to $1000 but i think this time we will experience of decrease or stable price.
Unless if there is a news new adoption or more adoption are come that can affect the market value..
I think this coming march we will see price increase until may..

africa is becoming interested in bitcoin. places like nigeria where theres actually a wealthy upper class of people are looking to use it more and more. thats a big market that isnt really tapped.
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January 17, 2017, 09:29:15 AM
 #79

Now, it is really hard to predict that bitcoin would be come in future at $220 to $240. Well, first of all, no one like that bitcoin come in a low price also including me, i like to see bitcoin in a high price, because it is a chance to make money. But only few people like that bitcoin come back in a low price, because they want to buy a lot of bitcoins. But before one year ago, i mean in 2016 of March i saw bitcoin was under $300, even before this 2016, bitcoin was go in a high price, So its hope and also chances are here that bitcoin might be come at $200 to $300 in future once again.
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January 17, 2017, 02:45:04 PM
 #80

Not this time and not on this year since bitcoin is already built strong unlike on its earliest years which price crash was easily happened but now it just dip 20% of the price but no tend to go down even more and just stop and rose up again now as i speak we are now on $880 price which is really good recovery on the sudden price decrease.

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