criptix
Legendary
 Offline
Activity: 2464
Merit: 1145
|
 |
October 04, 2014, 10:07:02 PM |
|
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  |
|
|
|
|
BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
|
October 04, 2014, 10:08:04 PM |
|
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. |
|
|
|
|
|
fonzie
|
|
October 04, 2014, 10:10:09 PM |
|
Break-out you fools! BITCOIN = THE FUTURE OF MONEY BUY BUY BUY |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
|
|
October 04, 2014, 10:11:07 PM |
|
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! |
|
|
|
|
|
fonsie
|
|
October 04, 2014, 10:11:17 PM |
|
Well at least the transaction costs are getting cheaper this way.  |
|
|
|
|
|
NotLambchop
|
|
October 04, 2014, 10:12:58 PM |
|
...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. |
|
|
|
|
BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
|
October 04, 2014, 10:14:36 PM |
|
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. |
|
|
|
|
|
Bitcoins101
|
|
October 04, 2014, 10:15:04 PM |
|
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). |
|
|
|
|
LRENZ
Newbie
Offline
Activity: 55
Merit: 0
|
|
October 04, 2014, 10:15:24 PM |
|
Panic buying time
|
|
|
|
|
|
|
|
AirFlame
|
|
October 04, 2014, 10:16:38 PM |
|
Panic buying time
There will be dump in some minutes other did not dump before they will do now. |
|
|
|
|
|
fonzie
|
|
October 04, 2014, 10:16:56 PM |
|
We reached a new BTC swaps ATH today:
12359 BTC
Former one in April was 12128BTC
|
|
|
|
|
|
sbrzol
|
|
October 04, 2014, 10:18:13 PM |
|
<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
|
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
October 04, 2014, 10:18:58 PM |
|
We reached a new BTC swaps ATH today:
12359 BTC
Former one in April was 12128BTC
Noone will care until there is a squeeeeze. |
|
|
|
|
|
AirFlame
|
|
October 04, 2014, 10:19:36 PM |
|
<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. |
|
|
|
|
|
fonzie
|
|
October 04, 2014, 10:20:18 PM |
|
<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? |
|
|
|
|
|
AirFlame
|
|
October 04, 2014, 10:24:57 PM |
|
Here come the bulls?  Nope. The buys are not so big for bulls. If You see bull buys will be 300-900 BTC |
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2380
Merit: 1142
|
|
October 04, 2014, 10:25:48 PM |
|
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.
That is very very unlikely. I would like to wager, but if you think Bitcoin will drop that hard it's unlikely you'll be willing to wager denominated in Bitcoin. |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
|
|
October 04, 2014, 10:26:01 PM |
|
being bearish on bitcoin is like taking a coffee with 7 sugars.
|
|
|
|
|
|
sbrzol
|
|
October 04, 2014, 10:26:25 PM |
|
<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? did you analyzed them? so what is your conclusion? how many times your conclusion/speculation turned to truth? |
|
|
|
|
|
Poll
