criptix
Legendary
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Activity: 2464
Merit: 1145
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October 04, 2014, 10:03:31 PM |
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Did not brake 2000 CNY. Bullish.
Give it a few more hours. Even with China now up, we're still moving mostly downwards. BTC-e is way under the rest of the market (a dominant sign these days that the price will continue to move down) and despite some recent buying power in the past hour or two, shorting is still either uncharacteristically expensive (Bitfinex) or trading at a significantly lower price than on the trading half of the exchange (OKCoin). btc-e is always or atleast 99,9% of all time lower then the rest... btw. buying at 350 done, lets see if we visit 300  Hmm do You think btc-e lost the coins and they are lower from the rest ?  i think its rather that btc-e always has poor liquidity. there orderbook is super-thin, thats why we usually see flash crashes there if something happens |
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exocytosis
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October 04, 2014, 10:04:31 PM |
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Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.
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wasserman99
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October 04, 2014, 10:06:13 PM |
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Keep calm and resist.
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Bitcoins101
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October 04, 2014, 10:06:35 PM |
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A while ago I thought we would have reached the bottom as that would have been the miners' fallback price.
I was wrong. We will go lower and lower.
And lower.
Too stupid to think FedRes would just let it happen like this...
It's kind of like what happened with Dogecoin last January. It popped onto Cryptsy at 220 satoshis, gradually went down, and down, and down, and down, and down. This was despite being the most well known coin at the time behind Bitcoin and Litecoin, having the highest individual transactions volume of all coins, and literally being the most talked about and used coin (behind bitcoin) at the time. But, it just kept going down and down and down. Eventually, it bounced hugely to nearly 300 satoshis. We may see something like that here. ...or we may not. |
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criptix
Legendary
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Activity: 2464
Merit: 1145
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October 04, 2014, 10:07:02 PM |
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Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.
burn  |
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BitChick
Legendary
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Activity: 1148
Merit: 1001
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October 04, 2014, 10:08:04 PM |
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Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.
There are too many people involved in BTC that are willing to buy coins at prices higher than double digits. The reason we see higher bottoms in the price each time the price rises is because there are more people involved in BTC and the greater the distribution, it becomes more and more difficult for the price to go lower. I am sure someone could explain this better than I am doing here. But the fact that bottom price this time around has hit above $300 now twice is actually extremely bullish for Bitcoin. We have established the new low. After the next rise or bubble there will be a new low at that point. It will probably be close to the last ATH, which was $1200 or so. That seems to be the pattern anyways. |
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fonzie
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October 04, 2014, 10:10:09 PM |
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Break-out you fools! BITCOIN = THE FUTURE OF MONEY BUY BUY BUY |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 04, 2014, 10:11:07 PM |
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Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.
There are too many people involved in BTC that are willing to buy coins at prices higher than double digits. The reason we see higher bottoms in the price each time the price rises is because there are more people involved in BTC and the greater the distribution, it becomes more and more difficult for the price to go lower. I am sure someone could explain this better than I am doing here. But the fact that bottom price this time around has hit above $300 now twice is actually extremely bullish for Bitcoin. We have established the new low. After the next rise or bubble there will be a new low at that point. It will probably be close to the last ATH, which was $1200 or so. That seems to be the pattern anyways. ya but... this time its different! |
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fonsie
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October 04, 2014, 10:11:17 PM |
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Well at least the transaction costs are getting cheaper this way.  |
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NotLambchop
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October 04, 2014, 10:12:58 PM |
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...But the fact that bottom price this time around has hit above $300 now twice is actually extremely bullish for Bitcoin. We have established the new low. ... Classic. |
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BitChick
Legendary
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Activity: 1148
Merit: 1001
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October 04, 2014, 10:14:36 PM |
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Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.
There are too many people involved in BTC that are willing to buy coins at prices higher than double digits. The reason we see higher bottoms in the price each time the price rises is because there are more people involved in BTC and the greater the distribution, it becomes more and more difficult for the price to go lower. I am sure someone could explain this better than I am doing here. But the fact that bottom price this time around has hit above $300 now twice is actually extremely bullish for Bitcoin. We have established the new low. After the next rise or bubble there will be a new low at that point. It will probably be close to the last ATH, which was $1200 or so. That seems to be the pattern anyways. ya but... this time its different! Isn't that what they always say!? If it gets to double digits you can say "I told you so."  Trust me, even BitchicksHusband, (who is much more bearish than I am) was arguing about this with me this morning and was trying to convince me to sell because "it isn't the same this time." Ugg. That hurt. I convinced him to wait it out at least.  I was willing to sell some if he really wanted to, but thankfully he agreed to be a little more patient. |
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Bitcoins101
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October 04, 2014, 10:15:04 PM |
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Did not brake 2000 CNY. Bullish.
Give it a few more hours. Even with China now up, we're still moving mostly downwards. BTC-e is way under the rest of the market (a dominant sign these days that the price will continue to move down) and despite some recent buying power in the past hour or two, shorting is still either uncharacteristically expensive (Bitfinex) or trading at a significantly lower price than on the trading half of the exchange (OKCoin). btc-e is always or atleast 99,9% of all time lower then the rest... btw. buying at 350 done, lets see if we visit 300 /edit hashrate is increasing, so im not in super panic mode yet The market moves down when BTC-e is further below the market than usual. When they're closer or even at or over like they were few weeks back for a few days, it's usually a pretty good sign that the market is going to be going up (which it did). |
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LRENZ
Newbie
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Activity: 55
Merit: 0
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October 04, 2014, 10:15:24 PM |
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Panic buying time
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AirFlame
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October 04, 2014, 10:16:38 PM |
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Panic buying time
There will be dump in some minutes other did not dump before they will do now. |
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fonzie
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October 04, 2014, 10:16:56 PM |
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We reached a new BTC swaps ATH today:
12359 BTC
Former one in April was 12128BTC
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sbrzol
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October 04, 2014, 10:18:13 PM |
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<350 - 91 (59.1%)
>350 - 63 (40.9%)
until we see such statistics , so many bulls 41% the price will keep going down
perhaps if only 10-20% bulls left the price will start rising again
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inca
Legendary
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Activity: 1176
Merit: 1000
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October 04, 2014, 10:18:58 PM |
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We reached a new BTC swaps ATH today:
12359 BTC
Former one in April was 12128BTC
Noone will care until there is a squeeeeze. |
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AirFlame
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October 04, 2014, 10:19:36 PM |
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<350 - 91 (59.1%)
>350 - 63 (40.9%)
until we see such statistics , so many bulls 41% the price will keep going down
perhaps if only 10-20% bulls left the price will start rising again
I don't agree the price will be dumped 2x more times before it go up. |
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fonzie
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October 04, 2014, 10:20:18 PM |
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<350 - 91 (59.1%)
>350 - 63 (40.9%)
until we see such statistics , so many bulls 41% the price will keep going down
perhaps if only 10-20% bulls left the price will start rising again
How many times before in your life have you analyzed market sentiment statistics and their actual impact to the market price. Do you have any real experince or have you heard about that @ the university of Bitcointalk? |
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