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Author Topic: Crash will bottom at $30, you heard it HERE first.  (Read 7714 times)
BitcoinMillionaire
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April 13, 2013, 03:54:53 AM
 #1



Mark my words people.
Timeframe, within 30 days.



It will follow the footsteps of silver and gold:



 Wink

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April 13, 2013, 03:55:30 AM
 #2

hear hear!
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April 13, 2013, 03:56:55 AM
 #3

This will last significantly longer than 30 days.
BitcoinMillionaire
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April 13, 2013, 03:58:15 AM
 #4

You only need to look at that massive spike in volume on the big red candle of the most recent week to see that we aren't getting back to those highs anytime soon.

Now, can someone please tell me how I can short bitcoins or play the downside in any way?

Are there derivatives yet or a spread betting platform of some sort?

This is a legitimate question, please answer if you know how.

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April 13, 2013, 04:00:00 AM
 #5

I hope so because I'll buy.
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April 13, 2013, 04:00:48 AM
 #6

LOL now that you said it the price will never go that low for very long or ever at all.

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April 13, 2013, 04:01:22 AM
 #7

Good, time to mop up the coins of fools.

Democracy is the original 51% attack.
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April 13, 2013, 04:02:56 AM
 #8

You only need to look at that massive spike in volume on the big red candle of the most recent week to see that we aren't getting back to those highs anytime soon.
Haha... I think you only need to look at that spike to see how much momentum there will be for a recovery.

True, people panicked, but the currency dipped to 1/4 of its pre crash value, and interest is higher than ever.

People are now used to the gox outages, and they'll be fixed eventually. Anyone watching can see there is a perfect opportunity to scoop!

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April 13, 2013, 04:03:15 AM
 #9

Good, time to mop up the coins and fiat of fools.
FTFY
BitcoinMillionaire
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April 13, 2013, 04:04:56 AM
 #10

Look at the chart of silver guys.

I'm bullish long term on coins for sure, but in the interim, not so much. I'll definitely be picking them up at $30 though.

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April 13, 2013, 04:06:20 AM
 #11

Oh yeah... I reckon we've already seen the bottom now.

It'd take some serious fear to send the price lower now.

Nobody want's to sell at a loss, so they're going to hold.

Even the early investors aren't going to want to miss the ride up.

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April 13, 2013, 04:10:40 AM
 #12

For what its worth, silver has just made a new low if you check out the chart.

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April 13, 2013, 04:12:15 AM
 #13

Sure, you can short bitcoins at bitfinex, and you can buy puts from MPOe or CoinBr which is a convenient broker for MPOe.
BitcoinMillionaire
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April 13, 2013, 04:17:16 AM
 #14

Sure, you can short bitcoins at bitfinex, and you can buy puts from MPOe or CoinBr which is a convenient broker for MPOe.

Thanks.

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April 13, 2013, 04:20:11 AM
 #15

Sure, you can short bitcoins at bitfinex, and you can buy puts from MPOe or CoinBr which is a convenient broker for MPOe.

See my signature. Smiley
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April 13, 2013, 04:27:36 AM
 #16

dammit prouhon, quit making shill accounts.

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April 13, 2013, 04:32:11 AM
 #17

The thing is, if EVERYONE thinks the chart will bottom at $30 or higher, then you can be sure it WON'T hit $30...
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April 13, 2013, 04:37:48 AM
 #18

For what its worth, silver has just made a new low if you check out the chart.


how is the recent drop in silver and gold related to BTC?
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April 13, 2013, 04:41:46 AM
 #19

The thing is, if EVERYONE thinks the chart will bottom at $30 or higher, then you can be sure it WON'T hit $30...

But I don't think everyone does think this.


For what its worth, silver has just made a new low if you check out the chart.


how is the recent drop in silver and gold related to BTC?

Its not that relevant, but just take a look at when the silver bubble burst. It has never recovered to those highs, and in fact, has suffered a steady decline and keeps making lower lows.

Bitcoin will do the same I'm guessing. It won't be reaching that high of $260 anytime soon, thats for sure.


Also, bitcoin, gold and silver are all pretty similar commodities to me. Bitcoin has one slight advantage in that there is a certainty of the supply of it, whereas with gold and silver we could stumble upon vast reserves somewhere underground, however unlikely that may be.

Also, bitcoin can be transferred almost instantly to the otherside of the world, and in large amounts too. Whereas gold and silver are less easily transferred.

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April 13, 2013, 04:44:08 AM
 #20

For what its worth, silver has just made a new low if you check out the chart.


how is the recent drop in silver and gold related to BTC?

This perhaps? Wink https://twitter.com/MarkTOByrne/status/322082976915668992

Bitcoinium android app free on Google Play! https://play.google.com/store/apps/details?id=com.veken0m.cavirtex&hl=en

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