Down to 35? Or up to 100?

[wobber]

Since the drop today was ~50 usd, coud it drop 20 more? Or get up 50 again, even 120? I think it can...

[zeroday]

Just look at market depth and ask yourself

[wobber]

Just look at market depth and ask yourself

I'm not very good with that...

[M4v3R]

Market depth at one moment will tell you nothing. It's very easy to manipulate by big players. Wall often are pulled back as soon as they're hit. You can't fight the trend.

[adamstgBit]

the bottom is in 2- 5 weeks, obviously we won't be dropping down at the same rate as we have been, but its not going to shoot up 100% just "Because Bitcoin" ( lol it might, but it will correct back down fast... )

the bear market will be short lived tho, try not to lose your cool....


look to accumulate slowly... very slowly!

[symbot]

I am not usually into technical analysis, but $50 is the 100-day moving average price (which has provided support in past bear markets) and it is a key psychological level.  At least short-term there should be support at $50.

Unless there isn't.

[Spekulatius]

the bottom is in 2- 5 weeks, obviously we won't be dropping down at the same rate as we have been, but its not going to shoot up 100% just "Because Bitcoin" ( lol it might, but it will correct back down fast... )

the bear market will be short lived tho, try not to lose your cool....


look to accumulate slowly... very slowly!

No offence Adam, but I think you are too slow
What Wall Street does in a year, Bitcoin does in a day.
Your 2-5 weeks estimation I think will be a thing of the past by Monday.
EVERYBODY GET IN ON THE ROLLERCOASTER! NEXT STOP: 100$$$!!!

[Malawi]

I am not usually into technical analysis, but $50 is the 100-day moving average price (which has provided support in past bear markets) and it is a key psychological level.  At least short-term there should be support at $50.

Unless there isn't.

You might be correct short term. But I think it's a fake bottom, that may last a day or two(if that long).

[wobber]

the bottom is in 2- 5 weeks, obviously we won't be dropping down at the same rate as we have been, but its not going to shoot up 100% just "Because Bitcoin" ( lol it might, but it will correct back down fast... )

the bear market will be short lived tho, try not to lose your cool....


look to accumulate slowly... very slowly!

No offence Adam, but I think you are too slow
What Wall Street does in a year, Bitcoin does in a day.
Your 2-5 weeks estimation I think will be a thing of the past by Monday.
EVERYBODY GET IN ON THE ROLLERCOASTER! NEXT STOP: 100$$$!!!

100 IS TOO LOW!

[wopwop]

looking at a loss?

[wobber]

Yes.

[Crazy]

wobber, just tuck it away for 5 or 10 years and don't stress it. If everything goes well you might actually be holding something valuable by then. That is, if speculative idiots don't crash BTC into the ground first.

[adamstgBit]

Yes.

sorry to hear that... I understand how easy it is to buy bitcoins on a high, when its your first time buying... i had to hold myself back many times from unloading my bank account into bitcoin for just a quick 50% after it went over 100$

wobber, just tuck it away for 5 or 10 years and don't stress it. If everything goes well you might actually be holding something valuable by then. That is, if speculative idiots don't crash BTC into the ground first.

+1

don't worry about it.

hopefully you have some money left, and you can buy some more as it goes down so you can lower your avg price. ( this is what i did in 2011 )

[wopwop]

3 things can happen:

1. to 0, disappears completely (it came from nothing, it can go back to nothing)
2. goes lower
3. goes higher

so 2 to 1 bad odds if you hold bitcoin bought at higher prices than now

[nwbitcoin]

My gut feeling is that confidence in all things bitcoin has been broken, and so the prices are going to drop for quite some time.

Back in Feburary, just when the prices started going insane at about $30, I though the right price was around $19 or so.  We do have more people on board now, so it would be fair to say that the right valuation, based on trading volume etc is possibly around $25 -$30 - so I'm expecting it to drop to $20 before it doesn't drop any further.  Its going to take a while, maybe a month, but we will be back up again by Xmas!

However, I don't expect LTC to drop much below $1 - that is the biggest thing from this week's trading!

of course, my 0.0002 BTC is worth less these days!

[Bitsaurus]

Most people last night were saying it would hold at $100 thinking the Monday rally would support it.

That lifeboat never arrived.

I think we'll hit the 2011 $32 sometime this week and probably dance +/- 20 around 50.

[Malawi]

My gut feeling is that confidence in all things bitcoin has been broken, and so the prices are going to drop for quite some time.

Back in Feburary, just when the prices started going insane at about $30, I though the right price was around $19 or so.  We do have more people on board now, so it would be fair to say that the right valuation, based on trading volume etc is possibly around $25 -$30 - so I'm expecting it to drop to $20 before it doesn't drop any further.  Its going to take a while, maybe a month, but we will be back up again by Xmas!

However, I don't expect LTC to drop much below $1 - that is the biggest thing from this week's trading!

of course, my 0.0002 BTC is worth less these days!

Agreed.

Nice to see someone with some sense. (IOW agrees with me)

Lets hope that BTC will stay pretty stable at least for a few months. We want the long term bull thing going, not a rocket out of control.

[adamstgBit]

 
at 20$ a coin, i'm taking out a personal loan fuck! LOL    
I really think its going to stabilize and flat line on the cheap 50$, i'm looking to hit the buy button sometime this week at 40

[fr33d0miz3r]

[cbeast]