fcmatt
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Activity: 2072
Merit: 1001
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February 16, 2014, 10:45:40 PM |
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When was the last time Gox btc price was less than half of the other exchanges? Do you really believe they have the fiat and/or btc to make things right? I'm just a dumb newbie, please explain where my mistakes lie..
It is half due to fear. No facts involved. Just fear. They have made so much money from trading fees they would have to be the biggest imbeciles in btc history to lose enough not to cover customer funds. Lets turn it around. What makes you think they dont have the fiat or btc? is there any fact floating around i have not read that says they are broke? They had a prob with withdraws. Maybe even lost some btc to some hack related to it. I doubt enough to break them tho. Withdraws will be turned on again. I doubt they will just close their doors and wait for the lawsuits... Highly unlikely. |
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chesthing
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Activity: 1414
Merit: 1000
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February 16, 2014, 10:54:50 PM |
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There are people who bought btc in December for a grand that still haven't gotten their btc and can't get their money back. If what you say is true what would explain that other than outright fraud or being broke? of course it's possible it was so badly mismanaged they could be broke, it's happened on this scale lots of times.
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coinforecasts
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Activity: 52
Merit: 0
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February 17, 2014, 06:45:55 PM |
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Hey out there! Any comments or posts on the BTC market forecast? I am still betting it will fall down and reach 550-560 shortly. Even the crossover on the 4H chart did not reverse the trend. Potential resistance at 648 (BTC-e) was not breached.
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JimboToronto
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You're never too old to think young.
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February 17, 2014, 06:56:14 PM |
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Short term: $1200 by July 2014 Medium term: $10,000 by April 2015 Medium-long term: $500,000 by 2020 Long term: $1,000,000 by 2040  |
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coinforecasts
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Activity: 52
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February 17, 2014, 08:02:28 PM |
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Short term: $1200 by July 2014 Medium term: $10,000 by April 2015 Medium-long term: $500,000 by 2020 Long term: $1,000,000 by 2040 Wow, sounds impressive but I don't think BTC will last that long |
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Arcas
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February 17, 2014, 08:19:04 PM |
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2.2k by December is my vote.
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coinforecasts
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Activity: 52
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February 18, 2014, 04:33:07 PM |
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Quite choppy market today. Seems that BTC's challenging 615 to test the grounds before falling down. Any thoughts?
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chesthing
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Activity: 1414
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February 18, 2014, 06:15:38 PM |
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It will probably trade between $550-$650 for a long time (a long time in btc is a week or 2). After that, you tell us.
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coinforecasts
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February 21, 2014, 04:17:40 PM |
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BTC's slowly but surely approaching 500 to breach it in a short while, a 1d graph shows.
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findgreenland
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Activity: 93
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February 21, 2014, 05:18:56 PM |
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Real life is always more dramatic than what you can think of.
look what happend in the past two weeks, and who knows what will happen later?
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coinforecasts
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Activity: 52
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February 21, 2014, 05:26:31 PM |
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Real life is always more dramatic than what you can think of.
look what happend in the past two weeks, and who knows what will happen later?
The thing is that I am doing technical analysis on the BTC market and see that trend is still on negative territory (since January 27th) and may be taking further steps down (as EW shows). |
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rmines
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February 21, 2014, 05:28:41 PM |
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I'm also pessimistic on the short term.
Once gox will stop with their services, all media will cover this story (a lot of them still think mgox is the only btc exchange).
This will create panic and a significant price drop.
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Cyberlight
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February 21, 2014, 05:33:17 PM |
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Short term: $1200 by July 2014 Medium term: $10,000 by April 2015 Medium-long term: $500,000 by 2020 Long term: $1,000,000 by 2040 I think we're at 1 million before 2020. |
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coinforecasts
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February 21, 2014, 05:48:47 PM |
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I'm also pessimistic on the short term.
Once gox will stop with their services, all media will cover this story (a lot of them still think mgox is the only btc exchange).
This will create panic and a significant price drop.
It may also trigger an opposite effect (my subjective viewpoint). Mt.Gox is loosing grounds and lots of bitcoiners aware of their end. The may artificially be keeping the exchange afloat to pull all their funds out. Once they're down - a huge cashflow will be distributed to the other exchangers. It's quite a long process I think (a few months) and again that's my personal viewpoint. What I am seeing right now is the market challenging supports to breach them afterwards. |
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rmines
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February 21, 2014, 05:51:16 PM |
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Short term: $1200 by July 2014 Medium term: $10,000 by April 2015 Medium-long term: $500,000 by 2020 Long term: $1,000,000 by 2040 I think we're at 1 million before 2020. I don't think so. 90% of all bitcoin holders would already sell if they were offered 100K for 1 BTC. |
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Cyberlight
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February 21, 2014, 07:14:56 PM |
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Short term: $1200 by July 2014 Medium term: $10,000 by April 2015 Medium-long term: $500,000 by 2020 Long term: $1,000,000 by 2040 I think we're at 1 million before 2020. I don't think so. 90% of all bitcoin holders would already sell if they were offered 100K for 1 BTC. You mean kids with weak hands, investors (and real men) will hodl. |
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coinforecasts
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Activity: 52
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February 22, 2014, 05:03:23 PM |
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An unexpected rally is currently running on the whole BTC market. We'll see what may come afterwards
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rmines
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February 22, 2014, 05:35:05 PM |
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Short term: $1200 by July 2014 Medium term: $10,000 by April 2015 Medium-long term: $500,000 by 2020 Long term: $1,000,000 by 2040 I think we're at 1 million before 2020. I don't think so. 90% of all bitcoin holders would already sell if they were offered 100K for 1 BTC. You mean kids with weak hands, investors (and real men) will hodl. Right, like an investor getting a 1000% ROI won't sell  |
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Wilhelm
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Activity: 1652
Merit: 1265
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February 22, 2014, 06:24:52 PM |
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Short term: $1200 by July 2014 Medium term: $10,000 by April 2015 Medium-long term: $500,000 by 2020 Long term: $1,000,000 by 2040 I think we're at 1 million before 2020. I don't think so. 90% of all bitcoin holders would already sell if they were offered 100K for 1 BTC. You mean kids with weak hands, investors (and real men) will hodl. I'm pro HODL but 100K for 1BTC would mean that I can live a comfortable life and do what I want without having to work. Walking away with millions might seem weak but who cares Waiting for 2040 means you will be 26 years older and assuming your atleast 18 you would be in or after your midlife crisis (44 years at least). Yeah buy a porsche and do a comb-over .... 100K is the point at which I would cash out some to live the life I dreamt of. I will HODL some for the 1000K+  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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coinforecasts
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Activity: 52
Merit: 0
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February 24, 2014, 07:17:21 PM |
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Hello there!
After a sharp rally on Saturday 22th we came back to regular $590-$550 range. The bearish sentiment is still prevailing and new lows can be viewed in a L/T basis (1-1.5 months). However, we may witness a potential breakout in 3 days (based on TJ's Ellipse of EW analysis) and reach 626.00 on February 27th.
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