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Author Topic: bitstamp critical support at 530  (Read 1397 times)
jaybny
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February 21, 2014, 01:44:02 AM
 #1

530 should hold.. looks like a buy here on bitstamp. gl

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bananas
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February 21, 2014, 01:44:44 AM
 #2

looks like a sell asap
jaybny
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February 21, 2014, 01:46:35 AM
 #3

fot those not looking in the very long term looks like a sell asap

yes - should see a large volume capitulation and snap back to 660 , or else we go straight to 266... im calling a bottom

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February 21, 2014, 01:47:34 AM
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The lower we fall the better it will bounce  Grin

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February 21, 2014, 01:53:01 AM
 #5

Imagine the market frenzy as a buildup of kinetic energy...

Since I don't know anybody who has lost faith in the technology, blockchain security, or generally the long term outlook on Bitcoin, I believe this will only end in "up."

The market is driven by speculators and right now if you're selling; you're losing unless you can buy back at the right time...

This movement is the catalyst we need and as soon as we can get this Gox situation behind us, the faster and further we'll climb...

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February 21, 2014, 01:57:58 AM
 #6

Imagine the market frenzy as a buildup of kinetic energy...

Since I don't know anybody who has lost faith in the technology, blockchain security, or generally the long term outlook on Bitcoin, I believe this will only end in "up."

The market is driven by speculators and right now if you're selling; you're losing unless you can buy back at the right time...

This movement is the catalyst we need and as soon as we can get this Gox situation behind us, the faster and further we'll climb...

You bring up a very solid point. This is like the silkroad crash all over again. Everyone thought BTC was done for; the panic sellers sold stupid low and ended up losing in the end. I'm going to ride this out, i'm confident the price will be back up near 1k by the summer. It's just painful to watch really....

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rapsaodan84
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February 21, 2014, 01:58:04 AM
 #7

Bitcoin will bounce once Gox issues are done. And I mean either solved or bankrupted.

After that, Bitcoin will go back to its path to $1k and beyond.
Obi-Wan Coinobi
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February 21, 2014, 02:04:01 AM
 #8

It's a bull trap. This will go down below $500. (on stamp)
jaybny
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February 21, 2014, 02:05:40 AM
 #9

It's a bear trap. This will go down below $500.

you mean a bull trap? i doubt it. 700 before 500 

Obi-Wan Coinobi
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February 21, 2014, 02:07:54 AM
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It's a bear trap. This will go down below $500.

you mean a bull trap? i doubt it. 700 before 500 

yes bull
bananas
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February 21, 2014, 02:09:01 AM
 #11

I seriously believe it wil go back to around $100 or less and then remain stable in that value for long(several months to one year)
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February 21, 2014, 02:11:49 AM
 #12

ive heard more anouncements of companies and sites that are going to accept bitcoins in the last 2 monts then the last 3 years combined.

if anything i`d say thrust in btc is growing faster and faster...


jaybny
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February 21, 2014, 02:14:24 AM
 #13

I seriously believe it wil go back to around $100 or less and then remain stable in that value for long(several months to one year)

only if crypto 2.0 takes it over. only way Bitcoin dies is if it becomes a napster, myspace, aol, blackberry, palm-pilot .. etc.

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February 21, 2014, 02:17:13 AM
 #14

I seriously believe it wil go back to around $100 or less and then remain stable in that value for long(several months to one year)

that still is a real option.

the only thing thats holding bitcoin back in my opinion is the fact that people, and mostly we the miners en people who speculate in btc. see btc as an investment that you schould hold on to.

btc in my opnion wont really take off until it becomes something that is used everyday.
something like paypal or  the wallet you keep on your phone to pay for the bus or coffee.

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February 21, 2014, 02:21:13 AM
 #15

i read somewhere that less then one percent of btc is traded, that little percentage of all btc out there is responsible for the volatility that is still inherent in btc because most of it is just sitting on harddrives arround the world.

until btc becomes something you use instead of something you invest in, like gold for example we cant move forward.
i strongly believe that

bananas
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February 21, 2014, 02:22:32 AM
 #16

ive heard more anouncements of companies and sites that are going to accept bitcoins in the last 2 monts then the last 3 years combined.

if anything i`d say thrust in btc is growing faster and faster...



they just got greedy after seeing it skyrocketing, it is not about trust
nlsupernova
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February 21, 2014, 02:25:44 AM
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ive heard more anouncements of companies and sites that are going to accept bitcoins in the last 2 monts then the last 3 years combined.

if anything i`d say thrust in btc is growing faster and faster...



they just got greedy after seeing it skyrocketing, it is not about trust

big companys like google dont take rash decisions just out of greed. sure they see profit potential in it, but i`m sure there has been a risk assesment wich turned out to be positive. wich means they feel btc is thrustworthy and they also are confident that people percieve btc to be thrust worthy.

if not it would only hurt their brand.

vpitcher07
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February 21, 2014, 02:36:47 AM
 #18

ive heard more anouncements of companies and sites that are going to accept bitcoins in the last 2 monts then the last 3 years combined.

if anything i`d say thrust in btc is growing faster and faster...



they just got greedy after seeing it skyrocketing, it is not about trust

big companys like google dont take rash decisions just out of greed. sure they see profit potential in it, but i`m sure there has been a risk assesment wich turned out to be positive. wich means they feel btc is thrustworthy and they also are confident that people percieve btc to be thrust worthy.

if not it would only hurt their brand.

Google is the type of company who goes out on limbs and makes products that are very risky. Look at google plus. I'd say that it's a total failure but no one is defining google by the failure of google plus. If they accepted BTC and did something with it and it failed I don't really see how that could hurt their brand. They're almost too big to fail. Even if every product they make totally sucks, their search engine is still the best in the world and nothing even comes close to it.

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nlsupernova
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February 21, 2014, 03:01:54 AM
 #19

ive heard more anouncements of companies and sites that are going to accept bitcoins in the last 2 monts then the last 3 years combined.

if anything i`d say thrust in btc is growing faster and faster...



they just got greedy after seeing it skyrocketing, it is not about trust

big companys like google dont take rash decisions just out of greed. sure they see profit potential in it, but i`m sure there has been a risk assesment wich turned out to be positive. wich means they feel btc is thrustworthy and they also are confident that people percieve btc to be thrust worthy.

if not it would only hurt their brand.

Google is the type of company who goes out on limbs and makes products that are very risky. Look at google plus. I'd say that it's a total failure but no one is defining google by the failure of google plus. If they accepted BTC and did something with it and it failed I don't really see how that could hurt their brand. They're almost too big to fail. Even if every product they make totally sucks, their search engine is still the best in the world and nothing even comes close to it.

google plus was done because facebook became to large and was threatning their main buisiness. ad revenue from google sites..
people flocked to facebook far to much, it was an act to protect the company from facebook.

they are not threatned by the almighty dollar, it still their best friend. they are not going to use btc now to protect themself because the dollar is stealing their traffic.

totally different situation . they have nothing to do with eachother

also if google enables people to store btc in their wallet, and in one day btc prices go down 50 %. dont you think that would generate massive amounts of bad press with googles name in bold letter in every doomsday headline.
that would defenatly hurt the google brand. and surely people will sue google for not protecting them against their own ignorance an stupidity. thats how the world works, sadly enough.

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February 21, 2014, 03:02:38 AM
 #20

I think it will bounce back up to 700 thats just me.
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