$500 - how did you know?

[Joe200]

So there was a lot of talk on this forum about sub-$500. I just assumed it was crazy talk. I was wrong.

How did you figure that the price would drop below $500? I want to learn.

[ja2pa]

There is nothing what Jedi's dont know...

[wobber]

magic

[MGUK]

So there was a lot of talk on this forum about sub-$500. I just assumed it was crazy talk. I was wrong.

How did you figure that the price would drop below $500? I want to learn.

]

Hit the zoom out button on the graph.

[Hyena]

some dude had a dream of a drop before it happened. not me, my dreams are all bullish. but there was some other dude, I think we might want to give him credit for that

[escrow.ms]

some dude had a dream of a drop before it happened. not me, my dreams are all bullish. but there was some other dude, I think we might want to give him credit for that

Masterluc ?

[nicekettle]

How did you figure that the price would drop below $500? I want to learn.

Just like in every other case when people talk about Bitcoin price - they guessed.

[EuroTrash]

rpietila, few days ahead. Educated guess of a mad trader.

OTOH: Chinese mania started when they broke 2000 CNY. So yesterday I said at a meetup that if you have the balls to trade then you should place buy orders around the USD equivalent of 2500 CNY. But I also said: that number is mostly a guess out of my ass. Although I looked confident and showed charts on my phone as "proof".

I know you are reading this you're welcome, dude...

[ironstove]

Patterns.

[chrsjrcj]

What goes up, must come down.

[Joe200]

What patterns? I know what goes up must come down. I am asking about the specific $500 target. Teach me.

[yomofo]

reddit told me so

http://www.reddit.com/r/Bitcoin/comments/1sgjxw/post_by_a_chinese_citizen_on_how_the_china_rally/

[Joe200]

OTOH: Chinese mania started when they broke 2000 CNY. So yesterday I said at a meetup that if you have the balls to trade then you should place buy orders around the USD equivalent of 2500 CNY. But I also said: that number is mostly a guess out of my ass. Although I looked confident and showed charts on my phone as "proof".

So price will drop to $400?

I see the mania in USD as starting around mid-$200. So we will drop all the way back there? Is this how crashes work?

[cbeast]

Hit the zoom out button on the graph.

Just don't tell anyone how far to zoom out. 

[Rygon]

https://bitcointalk.org/index.php?topic=374042.20;topicseen

Called it yesterday, although I didn't think the price would drop quite that fast. The trend is similar to when we hit the ATH in April, although it managed to hold on a little bit longer before some kind of bad news happened at a major exchange (Mtgox in April, btcchina now). I won't pretend to call the bottom, but based on the sentiment and the estimation of fiat waiting to get in, I think it'll be somewhere between $200-$300.

[YoYa]

Bounce of 20 Nov low and support from 200SMA on the 12hr.....it's not rocket science. Break these and we're looking at the 200SMA on the 1D.

[EuroTrash]

So price will drop to $400?

Check the stamp bottom today.

[KeyserSozeMC]

It will hit 20 bucks in December 25th.

[Hawker]

Bounce of 20 Nov low and support from 200SMA on the 12hr.....it's not rocket science. Break these and we're looking at the 200SMA on the 1D.

Does that even mean anything?

[jake23l]

OTOH: Chinese mania started when they broke 2000 CNY. So yesterday I said at a meetup that if you have the balls to trade then you should place buy orders around the USD equivalent of 2500 CNY. But I also said: that number is mostly a guess out of my ass. Although I looked confident and showed charts on my phone as "proof".

So price will drop to $400?

I see the mania in USD as starting around mid-$200. So we will drop all the way back there? Is this how crashes work?

I don't know what happened, but Coinbase actually dropped to $400 when I randomly woke up this AM and checked my phone.  Grabbed a few coins at that price, wish I had more fiat.