Bitcoin will be at $125-$150 tomorrow

[mgio]

Why?

Just because I say so. There are enough doom and gloom speculation posts today without any basis in fact other than the authors noticed bitcoin had a bad day and want to be the first to predict "the sky is falling". Yes, people are frustrated. They wish they had sold at the peak of the bubble instead of bought. And they are selling now perhaps. Sell low and buy high, it never made sense to me, but at you if you followed the advice on this forum, that's exactly what you would end up doing.

Remember when bitcoin passed $200 and everyone was saying it's going to hit $300 so BUY BUY BUY. Yet less than 24 hours later it had crashed to half it's value.

And when it was crashing, people were predicting a $30 bottom or lower. We hit a low bottom but we bounced back up, no, it was not the end of bitcoin. And today is not the end of bitcoin either.

[Surpbitcoin]

Care to place a bet on that?

[Babylon]

You should have thrown some words in there that don't make sense in the context.  Fibonacci, maybe quantum, named off some animals.  The raccoons totally have a chance to take advantage of the possums.  Then people would think there was more than just a hunch and it would end up bolstering confidence and start driving the market back up.

[notme]

Care to place a bet on that?

I don't get why you guys always want to bet on price.  We have exchanges that let you do just that.

[Surpbitcoin]

Care to place a bet on that?

I don't get why you guys always want to bet on price.  We have exchanges that let you do just that.

I offer to bet because I see it as an easy win! And besides, it makes things interesting when everyone can watch the bet evolve.

[BitPirate]

Look at the 30 day picture on Bitcoinity.

Doesn't look like a significant crash right now -- or much scope for a rebound.

Which is: insanely bullish!

We're recovering from one of the most insane crashes ever, and there she goes -- tootling along with strong support at or around $100.


This bodes very well for the price this time next year.

The short-term bears may be cashing out and standing at the sidelines sweating, ready for the next surge -- but ultimately it is all quibbling over cheap coins. This time next year they will be cheap at 10x the price.

[bitcon]

fiat on standby.

[Surpbitcoin]

Look at the 30 day picture on Bitcoinity.

Doesn't look like a significant crash right now -- or much scope for a rebound.

Which is: insanely bullish!

We're recovering from one of the most insane crashes ever, and there she goes -- tootling along with strong support at or around $100.


This bodes very well for the price this time next year.

The short-term bears may be cashing out and standing at the sidelines sweating, ready for the next surge -- but ultimately it is all quibbling over cheap coins. This time next year they will be cheap at 10x the price.

I've been watching that chart and I see a sinking ship tring to stay afloat.

[cbeast]

For Bitcoin to rally, it needs some good news on the development front; or even better, some bad news from the global economic front.

[BitPirate]

Look at the 30 day picture on Bitcoinity.

Doesn't look like a significant crash right now -- or much scope for a rebound.

Which is: insanely bullish!

We're recovering from one of the most insane crashes ever, and there she goes -- tootling along with strong support at or around $100.


This bodes very well for the price this time next year.

The short-term bears may be cashing out and standing at the sidelines sweating, ready for the next surge -- but ultimately it is all quibbling over cheap coins. This time next year they will be cheap at 10x the price.

I've been watching that chart and I see a sinking ship tring to stay afloat.

Sucks to be you...! :-)

[Surpbitcoin]

Look at the 30 day picture on Bitcoinity.

Doesn't look like a significant crash right now -- or much scope for a rebound.

Which is: insanely bullish!

We're recovering from one of the most insane crashes ever, and there she goes -- tootling along with strong support at or around $100.


This bodes very well for the price this time next year.

The short-term bears may be cashing out and standing at the sidelines sweating, ready for the next surge -- but ultimately it is all quibbling over cheap coins. This time next year they will be cheap at 10x the price.

I've been watching that chart and I see a sinking ship tring to stay afloat.

Sucks to be you...! :-)

Only time will tell, am I the sucker or are you? Soon we'll see.

[hubbabubbabaker]

Based on the fibonnaci sequence I can see the price breaking the quantum barrier and shifting light poles. Tetra-magnetic forces seem strong and downward trend looks like a meerkat bounce. We should see a kangaroo rally that will set the price rising towards the palo-phalic zone, possibly breaking the all time high. Readings on flux capacitor show increased acceleration to about 80 market buy orders per mile within the next few hours. We're heading back to the future folks. Trust me, I have a doctorate in making money. Sky's the limit baby.

[Surpbitcoin]

Based on the fibonnaci sequence I can see the price breaking the quantum barrier and shifting light poles. Tetra-magnetic forces seem strong and downward trend looks like a meerkat bounce. We should see a kangaroo rally that will set the price rising towards the palo-phalic zone, possibly breaking the all time high. Readings on flux capacitor show increased acceleration to about 80 market buy orders per mile within the next few hours. We're heading back to the future folks. Trust me, I have a doctorate in making money. Sky's the limit baby.

+100 

[UltimateReaper]

Based on the fibonnaci sequence I can see the price breaking the quantum barrier and shifting light poles. Tetra-magnetic forces seem strong and downward trend looks like a meerkat bounce. We should see a kangaroo rally that will set the price rising towards the palo-phalic zone, possibly breaking the all time high. Readings on flux capacitor show increased acceleration to about 80 market buy orders per mile within the next few hours. We're heading back to the future folks. Trust me, I have a doctorate in making money. Sky's the limit baby.

Damn Straight

http://25.media.tumblr.com/tumblr_luytrippev1qjamtho1_500.jpg

You had me at Tetra-magnetic

[Jaroslaw]

Why?

Just because I say so. There are enough doom and gloom speculation posts today without any basis in fact other than the authors noticed bitcoin had a bad day and want to be the first to predict "the sky is falling". Yes, people are frustrated. They wish they had sold at the peak of the bubble instead of bought. And they are selling now perhaps. Sell low and buy high, it never made sense to me, but at you if you followed the advice on this forum, that's exactly what you would end up doing.

Remember when bitcoin passed $200 and everyone was saying it's going to hit $300 so BUY BUY BUY. Yet less than 24 hours later it had crashed to half it's value.

And when it was crashing, people were predicting a $30 bottom or lower. We hit a low bottom but we bounced back up, no, it was not the end of bitcoin. And today is not the end of bitcoin either.

If you belives in this shit sell your house and buy bitcoins, you will have two houses tomorrow

[hubbabubbabaker]

Why?

Just because I say so. There are enough doom and gloom speculation posts today without any basis in fact other than the authors noticed bitcoin had a bad day and want to be the first to predict "the sky is falling". Yes, people are frustrated. They wish they had sold at the peak of the bubble instead of bought. And they are selling now perhaps. Sell low and buy high, it never made sense to me, but at you if you followed the advice on this forum, that's exactly what you would end up doing.

Remember when bitcoin passed $200 and everyone was saying it's going to hit $300 so BUY BUY BUY. Yet less than 24 hours later it had crashed to half it's value.

And when it was crashing, people were predicting a $30 bottom or lower. We hit a low bottom but we bounced back up, no, it was not the end of bitcoin. And today is not the end of bitcoin either.

If you belives in this shit sell your house and buy bitcoins, you will have two houses tomorrow

We have to account for taxes on capital gains... price target moved up to $220!! Buy, buy buy!

[baracuda]

It could just as easily hit 75 tomorrow. If you can afford for your $150k to drop to $120k ($30,000 lost...) and not be afraid, then yes, you might be able to hold long enough for it to go back up to 200. But, good chance is if you invest all your money and it drops another 20% you'll panic, sell, and then it'll jump back up 30% the following day. That's just how it works.

[ronaldlee0917]

By next week, maybe

[BitPirate]

It could just as easily hit 75 tomorrow. If you can afford for your $150k to drop to $120k ($30,000 lost...) and not be afraid, then yes, you might be able to hold long enough for it to go back up to 200. But, good chance is if you invest all your money and it drops another 20% you'll panic, sell, and then it'll jump back up 30% the following day. That's just how it works.

Bears have a funny way of putting words in other people's mouths...

I can tell you this: Me, and a great many people here, would *not* sell if the coins they bought dropped by 20%, because we are not fools. If this describes you, then fair game. However, not everyone has such weak hands.

[baracuda]

not everyone has such weak hands.

True.

I keep buying each time it drops 10%