Call the Bottom Here !

[ablewasiereisawelba]

Better question: When are you guys going to buy in again?

When it falls again which will be in the next 24 hours and somewhere near the bottom.

Also, to add, it's not going to be $1000 anytime soon. Confidence is low, fear is up. We're in a downward trend! Those that think we're going to hit $1000 are in denial or simply having a laugh.

Care to place a bet on this?

[PenAndPaper]

For me the real bottom is the price before the china hype and especially before the baidu hype. People that bought big then will sell sooner or later.

[SuperHakka]

look at march april. it tok about 3 weeks for the bull move to the top starting in march, the same amount of time approx starting in november.

in april the crash took 7 days of consecutive red bars. we are in day 3 at the mo, so about halfway. i predicts we hit bottom next wednesday and the bottom will be 224.

[GigaCoin]

look at march april. it tok about 3 weeks for the bull move to the top starting in march, the same amount of time approx starting in november.

in april the crash took 7 days of consecutive red bars. we are in day 3 at the mo, so about halfway. i predicts we hit bottom next wednesday and the bottom will be 224.

thanks for the info Hakka, i was just thinking earlier to study the timeframes of last time's bullrun.

[T.Stuart]

look at march april. it tok about 3 weeks for the bull move to the top starting in march, the same amount of time approx starting in november.

in april the crash took 7 days of consecutive red bars. we are in day 3 at the mo, so about halfway. i predicts we hit bottom next wednesday and the bottom will be 224.

This bubble is totally different. Many things have changed since April. If you look at the April bubble there was one top - here we have two. In my humble opinion this changes the dynamic of the fall. I would say that the upward trend changed more than 3 days ago, which throws your calculation out significantly I believe.

[beaconpcguru]

Infinitely wrong, the crash in April was due to a blockchain fork and Mt Gox's 8 hours of lag and inability to login which put out limitless fear.  Without something major like another fork, or the us military saying they are going to unleash marshal law on bitcoin supporters... 50% retrace is what you get.  Sorry the bottom for you is in Oct, your now in the company of those that are waiting for the bottom from January and added to those that are waiting from the bottom last summer.

[bitcoin44me]

Bottom will be 100 usd. And then, go for 10k

[T.Stuart]

look at march april. it tok about 3 weeks for the bull move to the top starting in march, the same amount of time approx starting in november.

in april the crash took 7 days of consecutive red bars. we are in day 3 at the mo, so about halfway. i predicts we hit bottom next wednesday and the bottom will be 224.

Remember also that we're in the middle of a weekend now, sometimes a bit of a downer for bitcoin. But $700 is being tested and holding so far, suggesting strong support.

[JimboToronto]

Bottom will be 100 usd. And then, go for 10k

I think you're underestimating it.

Bottom will be 0.01 usd. And then, go for 10M 

[PenAndPaper]

I don't think there is a more safe bet for a false prediction than to look previous crashes and try to apply them today without having a clue about what caused each crash.

[SuperHakka]

Infinitely wrong, the crash in April was due to a blockchain fork and Mt Gox's 8 hours of lag and inability to login which put out limitless fear.  Without something major like another fork, or the us military saying they are going to unleash marshal law on bitcoin supporters... 50% retrace is what you get.  Sorry the bottom for you is in Oct, your now in the company of those that are waiting for the bottom from January and added to those that are waiting from the bottom last summer.

young grasshopper, with wisdom you will learn that in markets, there are no reasons and causes, there is only prices and volume. remember what Neo said, "there is no reason".

[T.Stuart]

Infinitely wrong, the crash in April was due to a blockchain fork and Mt Gox's 8 hours of lag and inability to login which put out limitless fear.  Without something major like another fork, or the us military saying they are going to unleash marshal law on bitcoin supporters... 50% retrace is what you get.  Sorry the bottom for you is in Oct, your now in the company of those that are waiting for the bottom from January and added to those that are waiting from the bottom last summer.

young grasshopper, with wisdom you will learn that in markets, there are no reasons and causes, there is only prices and volume. remember what Neo said, "there is no reason".

I prefer to quote Dirty Harry (to myself of course)

[JimboToronto]

Bottom? 576

[T.Stuart]

I would think that bottom has already been reached. For the price to reach 400 someone have to dump 40 000 BTC (on gox alone), To reach 500: 25000 BTC (all assuming no new buy orders). That imho is not going to happen.

750 is the new bottom

[kireinaha]

If my calculations are correct, we're going to see some serious shit.

Testing the upper resistance of 700-750, unless some good news comes out soon I expect we'll be bouncing off and then we could see levels at $400 or below by Monday.

[GeniuSxBoY]

It must go up before it can crash down any further.

True or False?

[kjj]

We heard you already, kuroth. Stop the inane bragging.

He's not bragging, he's advertising.  Just click Ignore.

[windjc]

If my calculations are correct, we're going to see some serious shit.

Testing the upper resistance of 700-750, unless some good news comes out soon I expect we'll be bouncing off and then we could see levels at $400 or below by Monday.

Perhaps.

Or perhaps not nearly as much money left the market for good as you assume. And if that's the case, there are 2 reasons that channel might not sustain. A) new money coming in next week. B) money sitting on the sidelines waiting for lower prices. Over 100 million of it across the exchanges in fact.

[PenAndPaper]

A) new money coming in next week.

It will take for a while for new money to come in right now. The shock for a 50% flash crash was huge. Right now for outsiders bitcoin equals volatility.

[GigaCoin]

A) new money coming in next week.

It will take for a while for new money to come in right now. The shock for a 50% flash crash was huge. Right now for outsiders bitcoin equals volatility.

Actually there has been a huge buying spree past 3 days which helped it from free fall, about 250Million USD worth