How low can it go?

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Bitcoin Forum > Economy > Economics > Speculation > How low can it go?

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Question:

Which recent low do you see being taken out before the new year?

None. The bottom is in.

575 ~ December 6-7

450 ~ Novemeber 20

290 ~ November 10

Lower than 290

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Topic: How low can it go? (Read 879 times)

shmadz (OP)

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How low can it go?

December 18, 2013, 01:39:51 AM

The numbers and dates are taken very roughly from the 4 hour chart of Gox from bitcoinwisdom.

Spoiler alert: stop reading now and make your choice.

OK, I was just looking at that 4 hour chart and I'm wondering how many of those recent lows we are about to test. The chart looks kinda sick right now. And then I saw this from FOX http://www.youtube.com/watch?v=sV1t-YYkCiE ... Anytime I see fox giving a favourable interview or segment, I am very wary.

And then the dude drops an obvious "BitCon" at the end (fast-forward to 8:00) and then it really makes me wonder...

So what do you think? How low are we gonna go?

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.

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Xer0

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Re: How low can it go?

December 18, 2013, 01:46:55 AM

GeniuSxBoY

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Re: How low can it go?

December 18, 2013, 01:48:27 AM

Be humble!

pbody

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Re: How low can it go?

December 18, 2013, 01:51:42 AM

who knows. I hope it drops to 200. I wouldn't call that segment favorable. Its more the opposite.

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shmadz (OP)

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Re: How low can it go?

December 18, 2013, 02:00:40 AM

Quote from: pbody on December 18, 2013, 01:51:42 AM

who knows. I hope it drops to 200. I wouldn't call that segment favorable. Its more the opposite.

I'm already 90% btc to 10% fiat in my trading account, though if it went that low I can always scrounge up more fiat. Grin

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996

shmadz (OP)

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Re: How low can it go?

December 18, 2013, 11:46:47 AM

Update: well, that didn't take long, 575 was taken out like it wasn't even there, though the 450 level does seem to be putting up some resistance.

I'm still hopeful that we can break out to the down-side and start the new year off in the 150-200 range (which is still 1000% increase from previous Jan 1)

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996

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Bitcoin Forum > Economy > Economics > Speculation > How low can it go?

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