Further sell-off incoming

[xavier]

Hi guys -

Just like to add a prediction for the price. Based on recent price movements, I think that we are going to see - over the next 2-3 weeks - a further sell-off in BTC, to below the 100 level.

I see the price stabilizing at around 90, barring any bullish news.

That's my prediction!

Cheers!

[nobbynobbynoob]

I've been buying in very small chunks recently. Probably won't be buying more - unless the price dips to $90ish or lower. Definitely not selling at these firesale prices, however: lots of potentially bullish background news is brewing. I predict a minimum of about $400 by Juneish next year.

[FNG]

And I see large buyers showing up once the asks build up. They were hungry as fuck before..No reason to think they're still not hungry.

Wait for it..

[ElectricMucus]

I can't post it nearly enough.

[FNG]

I can't post it nearly enough.

Doesn't match up at all...

Regretting not buying in yet?

[Walsoraj]

Gox withdrawal issues have prolonged "denial" stage many months. The net effect will be a much longer and deeper capitulation.

[FNG]

Gox withdrawal issues have prolonged "denial" stage many months. The net effect will be a much longer and deeper capitulation.

lets just hope it happens before http://money2020.com/

[lucas.sev]

I can't post it nearly enough.

Doesn't match up at all...

Regretting not buying in yet?

Here is some help  

[Odalv]

I can't post it nearly enough.

Doesn't match up at all...

Regretting not buying in yet?

Here is some help  

lol, do not be naive.

[lucas.sev]

lol, do not be naive.

I'm not saying it will happen, I just wanted to help him see how they align, as he said 'doesn't match up at all' when it clearly does

[byronbb]

Hahahaha we aren't even into institutional investor phase yet you half-wits.

[telemaco]

Gox withdrawal issues have prolonged "denial" stage many months. The net effect will be a much longer and deeper capitulation.

Greenwald or his boyfriend will release new information soon that will be the final demise of bitcoin.
Probably one specific document between those 50.000 where clearly talks about Bitcoin & NSA.

Bitcoin will probably go to 0.1 zimbawaean (??) dollars. I am bullish though after that.


j/k

[rampantparanoia]

Hahahaha we aren't even into institutional investor phase yet you half-wits.

Your signature reads:

Everyone has a plan until they are punched in the face.  --Mike Tyson

Are you ready for a punch in the face? Cause it's gonna be a kick in the nuts.

[Miz4r]

I do see a head and shoulders pattern forming so that would be about a 20 dollar drop from here. Capitulation? lol

[Walsoraj]

Capitulation = (1) acknowledgement of previous bubble (2) admission that bitcoin is over-priced and (3) extreme skepticism by almost everyone, including mega-bulls, that price will climb up steadily and/or a new bubble will form.

Suppose we flash-crash to single digits within 24 hours. This is not capitulation. The crash is too quick to dry up all the fiat. Enough would remain for an immediate flood of buys in anticipation of a reverse flash upward, effectively forming a new bubble.

Real capitulation will come in one of two ways:

(1) very very slow ride down, lasting months or maybe years; or

(2) flash crash to single digits or cents, and price remaining within that range for months or maybe years.

Pick your poison. One is most definitely on the horizon. I'm leaning towards (2) but only if we see repeated flash crashing over shorter and shorter periods. This will quickly dry up any remaining fiat sitting on the exchanges and discourage new depositors.

[telemaco]

Capitulation = (1) acknowledgement of previous bubble (2) admission that bitcoin is over-priced and (3) extreme skepticism by almost everyone, including mega-bulls, that price will climb up steadily and/or a new bubble will form.

Suppose we flash-crash to single digits within 24 hours. This is not capitulation. The crash is too quick to dry up all the fiat. Enough would remain for an immediate flood of buys in anticipation of a reverse flash upward, effectively forming a new bubble.

Real capitulation will come in one of two ways:

(1) very very slow ride down, lasting months or maybe years; or

(2) flash crash to single digits or cents, and price remaining within that range for months or maybe years.

Pick your poison. One is most definitely on the horizon. I'm leaning towards (2) but only if we see repeated flash crashing over shorter and shorter periods. This will quickly dry up any remaining fiat sitting on the exchanges and discourage new depositors.

Not going to happen. Heck even politicians are going to start getting bitcoins for their campaigns really soon (2014):

http://www.bloomberg.com/news/2013-09-05/bitcoin-and-politics-what-could-go-wrong-.html

[Miz4r]

Since when did you become such a megabear Walsoraj? I thought you were the opposite of Jaroslaw but it turns out you're even worse lol. Anyway I see no reason for a real capitulation anymore, I really wonder what has transformed you from megabull to megabear. Both are delusional ofcourse.

[telemaco]

Since when did you become such a megabear Walsoraj? I thought you were the opposite of Jaroslaw but it turns out you're even worse lol. Anyway I see no reason for a real capitulation anymore, I really wonder what has transformed you from megabull to megabear. Both are delusional ofcourse.

Any doctor will tell you that is not good to have the head downwards for so long. He is probably confused.

[Walsoraj]

Since when did you become such a megabear Walsoraj? I thought you were the opposite of Jaroslaw but it turns out you're even worse lol. Anyway I see no reason for a real capitulation anymore, I really wonder what has transformed you from megabull to megabear. Both are delusional ofcourse.

I was overcome by the force of pure reason.


And I sold by coins.

[zoinky]

Always fun to read people make wild predictions on the price based on just how they are feeling.