[POLL] What will be the bottom?

[wonkytonky]

if we can eat the 80-sell wall, we will have seen the bottom at 60. If not, the bottom will be lower I guess...

 80 sell wall can be eaten.. and then what? if nobody buys much higher .. it will drop again..  and that wall probably will be sold again

we are not in trend reversel yet..    also the buying power is not that hot in last rebounce (well if we can call it that, it was 3 big byers.. not all of us panic buying. )

well it doenst matter for me where it goes.; i'm shorting or going long whatever direction it goes... but I think we needs to hit 50 or at least very low 60's  before the massive buying starts again..

big wales can push it much deeper into 40's but i think thats not going to happen  though 'im placing some lucky bids there

[samson]

if we can eat the 80-sell wall, we will have seen the bottom at 60. If not, the bottom will be lower I guess...

LOL, we could rise to $100, bounce off the resistance and then dip well below $50 in the resulting sell off - this is Bitcoin prepare for the unexpected.

I doubt this will happen - $80 failed, people aren't ready to buy. If they do so it will be grudgingly on a short term trade and they will take profit when targets are met and wait for new lows to go long.

[bitcon]

I bought at $190 

[dnaleor]

I bought at $190  

that's just stupid, no offence...

I sold half of my BTC around 200$ because the price was growing to fast... (doubling and 8-9 days...)




Seems like we are at the bottom...
Although there is still a small chance to drop quickly towards 35$ and then go up again, straight towards 100$  

[Bitcopia]

if we can eat the 80-sell wall, we will have seen the bottom at 60. If not, the bottom will be lower I guess...

$80 failed, people aren't ready to buy. If they do so it will be grudgingly on a short term trade and they will take profit when targets are met and wait for new lows to go long.

Yesterday $80 failed, today it didn't. Tomorrow it might again. Who knows. Unless you are a day / swing trader, you shouldn't care. You should solely be focused on the news, such as v 0.9 merchant upgrades and what's going on in Argentina and the newly created access for Kenya....

[dominicus]

if we can eat the 80-sell wall, we will have seen the bottom at 60. If not, the bottom will be lower I guess...

$80 failed, people aren't ready to buy. If they do so it will be grudgingly on a short term trade and they will take profit when targets are met and wait for new lows to go long.

Yesterday $80 failed, today it didn't. Tomorrow it might again. Who knows. Unless you are a day / swing trader, you shouldn't care. You should solely be focused on the news, such as v 0.9 merchant upgrades and what's going on in Argentina and the newly created access for Kenya....

Yeah...especially the "newly created access for Kenya"....next up: Sealand!

[Bitcopia]

if we can eat the 80-sell wall, we will have seen the bottom at 60. If not, the bottom will be lower I guess...

$80 failed, people aren't ready to buy. If they do so it will be grudgingly on a short term trade and they will take profit when targets are met and wait for new lows to go long.

Yesterday $80 failed, today it didn't. Tomorrow it might again. Who knows. Unless you are a day / swing trader, you shouldn't care. You should solely be focused on the news, such as v 0.9 merchant upgrades and what's going on in Argentina and the newly created access for Kenya....

Yeah...especially the "newly created access for Kenya"....next up: Sealand!

Hahaha funny man. It is funny, and I learned something new! Sealand is a real principality. The main difference between it and Kenya is about 41,000,000 people.

[dnaleor]

Now that we are going up, you can also vote in this poll
https://bitcointalk.org/index.php?topic=254273.0

[dominicus]

if we can eat the 80-sell wall, we will have seen the bottom at 60. If not, the bottom will be lower I guess...

$80 failed, people aren't ready to buy. If they do so it will be grudgingly on a short term trade and they will take profit when targets are met and wait for new lows to go long.

Yesterday $80 failed, today it didn't. Tomorrow it might again. Who knows. Unless you are a day / swing trader, you shouldn't care. You should solely be focused on the news, such as v 0.9 merchant upgrades and what's going on in Argentina and the newly created access for Kenya....

Yeah...especially the "newly created access for Kenya"....next up: Sealand!

Hahaha funny man. It is funny, and I learned something new! Sealand is a real principality. The main difference between it and Kenya is about 41,000,000 people.

The Sealand story is cute, and the whatever leader of the principality was considering bitcoining his empire....but moving on to that of a German bank and exchange.  This story had a bigger effect than the 41MM Kenyans story.
For all the great equalizing intentions of the bitcoin community, the blessing of bankers and fiat carries the day with a 20% bump in price.
http://www.coindesk.com/germanys-bitcoin-de-and-fidor-bank-ag-form-partnership/

[Bitcopia]

For all the great equalizing intentions of the bitcoin community, the blessing of bankers and fiat carries the day with a 20% bump in price.
http://www.coindesk.com/germanys-bitcoin-de-and-fidor-bank-ag-form-partnership/

I love this kind of news. And the UK's HMRC stating that exchanges don't need to register. Tectonic shifts are occurring.

[XXthetimeisnowXX]

i guess 65.42  you were way off....your highest selection was lower than what it was hahaha.

[dnaleor]

i guess 65.42  you were way off....your highest selection was lower than what it was hahaha.

at bitstamp we actuallèy hit almost 60$

[samson]

if we can eat the 80-sell wall, we will have seen the bottom at 60. If not, the bottom will be lower I guess...

LOL, we could rise to $100, bounce off the resistance and then dip well below $50 in the resulting sell off - this is Bitcoin prepare for the unexpected.

I doubt this will happen - $80 failed, people aren't ready to buy. If they do so it will be grudgingly on a short term trade and they will take profit when targets are met and wait for new lows to go long.

I'm sticking with this ^

I grudgingly bought a few hundred in the $80's on the way up and dumped today at about $99 on the way down.

Right now I'm waiting for lower prices.

[monkeybars]

I predict we've already hit bottom  . . . the price won't go below $70 again

[solex]

I predict $50.01 exactly

[dominicus]

Another quite unique aspect of Bitcoin pricing, which is purely speculative on my part, but becoming more obvious (at least to me) over the last few months, is the stiction of BTC pricing.  After a big movement in price, up or down, caused or accompanied by large trade volume, the pricing "sticks" to a narrow pricing band for several days or weeks until another wave of high-vol trading occurs and resets the price elsewhere.

3-day price stiction run.

New wave to break the stiction is due to hit, I'd say between now and Friday.  Heading Up? Down?
I say...up would make better statistical sense.

In full disclosure, I unloaded the last of my coins at $98.  Waiting this one out.

[mp420]

I bought at $190 

Ha! I sold at $190. Effectively, you bought your BTC from me.

[dominicus]

Another quite unique aspect of Bitcoin pricing, which is purely speculative on my part, but becoming more obvious (at least to me) over the last few months, is the stiction of BTC pricing.  After a big movement in price, up or down, caused or accompanied by large trade volume, the pricing "sticks" to a narrow pricing band for several days or weeks until another wave of high-vol trading occurs and resets the price elsewhere.

3-day price stiction run.

New wave to break the stiction is due to hit, I'd say between now and Friday.  Heading Up? Down?
I say...up would make better statistical sense.

In full disclosure, I unloaded the last of my coins at $98.  Waiting this one out.

Damn...right about the timing of the wave, not the direction!

[Tzupy]

The bottom of the current drop may be at 86 or at 80, depends on how bearish the sellers are today.
I placed a small buy order at 86.xx, but I believe it's eventually going down to 80.xx.

[samson]

The bottom of the current drop may be at 86 or at 80, depends on how bearish the sellers are today.
I placed a small buy order at 86.xx, but I believe it's eventually going down to 80.xx.

So after it hits $80.xx what then ? Straight to the moon ?