Crash will bottom at $30, you heard it HERE first.

[BitcoinMillionaire]

Mark my words people.
Timeframe, within 30 days.



It will follow the footsteps of silver and gold:



 

[bassclef]

hear hear!

[ElectricMucus]

This will last significantly longer than 30 days.

[BitcoinMillionaire]

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.

[Luckybit]

I hope so because I'll buy.

[smoothie]

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

[Anenome5]

Good, time to mop up the coins of fools.

[massivebitman]

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!

[ElectricMucus]

Good, time to mop up the coins and fiat of fools.

FTFY

[BitcoinMillionaire]

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.

[massivebitman]

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.

[BitcoinMillionaire]

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

[SlipperySlope]

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

[BitcoinMillionaire]

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

Thanks.

[zkay]

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.

[bitcon]

dammit prouhon, quit making shill accounts.

[warpio]

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

[dasein]

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?

[BitcoinMillionaire]

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.

[veken0m]

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? https://twitter.com/MarkTOByrne/status/322082976915668992