HOW MUCH will Bitcoin go down ?

[fixxi.net]

Saw bitcoin is 750 USD right now. How much you guys think it will go down and stabilize to.

Also how long the stabilization period you think will last before the next jump.

[EvilPanda]

Saw bitcoin is 750 USD right now. How much you guys think it will go down and stabilize to.

Also how long the stabilization period you think will last before the next jump.

It has already been down, now it's time to go up. You see the jump happening right now and ask how long before the next?
P.S. This should be in speculation.

[iPaulito]

Saw bitcoin is 750 USD right now. How much you guys think it will go down and stabilize to.

Also how long the stabilization period you think will last before the next jump.

There is nothing for sure but we will probably not get under those $400 low ever. If BTC is banned by all countries we will look to 0 of course. Last news being overstock.com with 5M unique visitors daily!!! Will begin accepting BTC. If you did not buy 400-500 are the best prices you will probably get

[bryant.coleman]

It can go down below the $400 levels. If there is a massive sell-off in China, then it can even return to the pre-China boom levels. A lot of BTC is still stuck with BTC China, with people unable to withdraw to CNY. 

[granathus]

It can go down below the $400 levels. If there is a massive sell-off in China, then it can even return to the pre-China boom levels. A lot of BTC is still stuck with BTC China, with people unable to withdraw to CNY. 

They are not unable to withdraw CNY, they are unable to deposit fresh CNY to the exchange.

[esse83]

It can go down below the $400 levels. If there is a massive sell-off in China, then it can even return to the pre-China boom levels. A lot of BTC is still stuck with BTC China, with people unable to withdraw to CNY. 

They are not unable to withdraw CNY, they are unable to deposit fresh CNY to the exchange.

They can withdraw until 31. january, then neither are possible.

[steelboy]

It can go down below the $400 levels. If there is a massive sell-off in China, then it can even return to the pre-China boom levels. A lot of BTC is still stuck with BTC China, with people unable to withdraw to CNY. 

They are not unable to withdraw CNY, they are unable to deposit fresh CNY to the exchange.

They can withdraw until 31. january, then neither are possible.

Where is this info from? I have not heard that

[bassclef]

Truth is nobody knows. Whatever you do, don't listen to anybody on this forum.

[cbeast]

Remember, it will go way up. Eventually. Someday.

[knightcoin]

//# HOW MUCH will Bitcoin can go down ?

Zero ( zero; BrE: /ˈzɪərəʊ/ or AmE: /ˈziːroʊ/ ) ... nap

[TERA]

Hmm the walls at 400-550 on Gox and stamp look pretty convincing. I remember thinking the same thing after the 575 bottom too though.

[MatTheCat]

Saw bitcoin is 750 USD right now. How much you guys think it will go down and stabilize to.

Also how long the stabilization period you think will last before the next jump.

The charts of the two big USD exchanges suggest that a sort of double bottom has formed (at least in Bitcoin terms), which is kind of bullish.

The BTC China charts however, suggest that there is another heavy slam dunk to come.

BTC China is leading this market.

I have heavy buy-in tranches set up between $100 - $230, but also have capital ready should the market correct back down to around the $400 level, and show that it is ready to spring back up again.

If anyone considers a $100 - $200 buy in tranche to be a bit crazy, just think how you would have thought about a $380 buy in tranche just 14 days ago, it would have been impossible, right?

[cbeast]

//# HOW MUCH will Bitcoin can go down ?

Zero ( zero; BrE: /ˈzɪərəʊ/ or AmE: /ˈziːroʊ/ ) ... nap

That can only happen if and only if the protocol is broken. That is very unlikely. Someone somewhere will always mine, and someone somewhere will always covet bitcoins. Even if a New Coke comes out, some folks will always want the one and only original.

[TERA]

Saw bitcoin is 750 USD right now. How much you guys think it will go down and stabilize to.

Also how long the stabilization period you think will last before the next jump.

The charts of the two big USD exchanges suggest that a sort of double bottom has formed (at least in Bitcoin terms), which is kind of bullish.

The BTC China charts however, suggest that there is another heavy slam dunk to come.

BTC China is leading this market.

I have heavy buy-in tranches set up between $100 - $230, but also have capital ready should the market correct back down to around the $400 level, and show that it is ready to spring back up again.

If anyone considers a $100 - $200 buy in tranche to be a bit crazy, just think how you would have thought about a $380 buy in tranche just 14 days ago, it would have been impossible, right?

I'm not sure about this double bottom:

Crash 1:
Gox: 570
Bit stamp: 550
Btce: 550

Crash 2:
Gox: 455
Bit stamp: 375
Btce: 420

The difference between 550 and 375 on stamp is huge. That's a 32% loss. Maybe you should be looking at this on a log scale. In comparison, the double bottom in April was 55 and 50, which are only 10% apart.

What I am impressed with, though, is the volume. There was a big volume increase on the second crash in western exchanges. Btce alone did 150k. This would suggest that the next crash might be the double bottom.

[humanitee]

Truth is nobody knows. Whatever you do, don't listen to anybody on this forum.

+1

hahaha, if so don't take this advice!
Or my advice just now!

[esse83]

It can go down below the $400 levels. If there is a massive sell-off in China, then it can even return to the pre-China boom levels. A lot of BTC is still stuck with BTC China, with people unable to withdraw to CNY. 

They are not unable to withdraw CNY, they are unable to deposit fresh CNY to the exchange.

They can withdraw until 31. january, then neither are possible.

Where is this info from? I have not heard that

http://www.bloomberg.com/news/2013-12-18/btc-china-says-it-can-t-accept-new-deposits-for-bitcoin-trading.html

“The PBOC statement on Dec. 5 was somewhat vague and there is more clarity now,” Zennon Kapron, managing director of financial consultancy Kapronasia, said in an interview yesterday in Shanghai. “The way it’s reading now is that after the Chinese New Year, you won’t be able to get your money off the platforms.”

After all, they did stop deposits right away, so what else can the deadline be about than withdrawals. But I guess its possible that Im wrong.. but I would not keep my money there after 31. of january.

[MatTheCat]

I'm really interested in hearing the rationale behind "BTCChina is leading this market".

oh, I dunno, small things like BTC China being at least $100 ahead on the way up, $100 dollars lower than anywhere else on the way down. The fact that BTC has exploded on positive Chinese government/ PBOC statements, and imploded on the negative ones.

Tell you what....you continue to look at what is happening on LocalBitcoins or wherever you think the market is bieng made, and I will keep looking to China, and we will see how we both get on.

[MatTheCat]

You are saying it was leading the market during the rally and the crash. I agree with that.

I'm talking about the recent run up. I don't see any evidence that China is leading anymore. The bad news in China may have permanently changed things, or at least put the ball in a different court for the time being.

I don't know what I said to make you so angry with me... I think you must have misinterpreted something.

Edit: I can tell you in advance how I will "get on". I don't day trade Bitcoin regardless of what I talk about in the speculation forum. As much as I would love to do my part to even out some of these spikes, I don't trust a single exchange with fiat or bitcoins. I've learned over the past few years that when there is a massive run up in the exchange rate, there is going to be a strong correction. If you wait long enough, in most cases you will be able to make a winning trade. Yet, there are a few cases where you would have been left in the dust, and those are the ones I would like to avoid (should there ever be an exchange which I trust with my money).

Possibly I have a hyperphobic intolerance of anyone who disagrees with what I think. Something I need to work on perhaps.

But I certainly wasn't angry at you. If was, I would have swore at you and insulted you. I seem to be able to do that on this forum without getting banned....its great!

[MatTheCat]

China certainly doesn't seem to be leading at the time of this post.

Edit: Well after every other exchange pushed down, China gave in and followed.

Edit2: It looks like every other exchange is following Gox at the moment.

Edit3: Definitely Gox.

yeah, ok, Gox leads for the last 20 minutes.

What time is it in Beijing at the moment?

I know what side of the fence I am sitting on. You are free to place your bets wherever u wish.

[Wilhelm]

BITCOIN IS GOING FOR A PLUMMET AGAIN HODL OR SODL!!!!

(we want cheap coinz!!!! )