Bitcoin Forum
August 19, 2019, 03:27:18 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: BTC crashed as predicted, will crash again and stay at 100  (Read 3517 times)
gollum
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


In Hashrate We Trust!


View Profile
February 24, 2014, 01:49:56 AM
 #1

I am confident that the price of BTCUSD will trade around 100-150 the coming months at ALL exchanges, not only MtGox.
Sell your coins at BTC-e and other exchanges while greater fools are paying huge premiums to you.

Current situation


Original analysis from 6th of Feb 2014
Seems like MtGox is the "Lehman Brothers" of the bitcoin world.
My analysis points out that BTC/USD might crash down to $100



What software is this? care to share?


Here you are:
https://www.tradingview.com/e/?symbol=MTGOX%3ABTCUSD#
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Skinnkavaj
Sr. Member
****
Offline Offline

Activity: 469
Merit: 250


English Motherfucker do you speak it ?


View Profile
February 24, 2014, 01:59:53 AM
 #2

No one cares about Mtgox BTC/USD anymore.
This should be posted in speculation as well.

gollum
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


In Hashrate We Trust!


View Profile
February 24, 2014, 02:01:06 AM
 #3

No one cares about Mtgox BTC/USD anymore.
This should be posted in speculation as well.
My prediction is that all exchanges will trade at 100, not only MtGox
Cyberdyne
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500



View Profile
February 24, 2014, 02:01:14 AM
 #4

Okay thanks.

I'm confident that in 2024, it won't really matter much either way.

*continues to buy*
noviapriani
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
February 24, 2014, 02:05:51 AM
 #5

Not gonna happen on all exchanges. I'm still buying now. Very big chance that it will go big than go below 100.

bananas
Sr. Member
****
Offline Offline

Activity: 294
Merit: 253


View Profile
February 24, 2014, 02:08:02 AM
 #6

Explain your prediction? MtGox related data does not explain anything 'cause they are in another dimension.
gollum
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


In Hashrate We Trust!


View Profile
February 24, 2014, 02:11:19 AM
 #7

Explain your prediction? MtGox related data does not explain anything 'cause they are in another dimension.
MtGox volume and assets (claimed by clients) is still a very huge part of all bitcoin exchanges.
We cant dismiss the MtGox price as an isolated price, it will affect other exchanges as well since the price in sharp negative trend on all exchanges.

Imagine early adaptors rushing for the exit, Im not even thinking about Satoshi who owns more than 1 million coins, but early miners and guys like the stupid fat hobbit Karpeles. Even if they just sell 20% of their holdings it will push down the price towards 80-100 and keep it there for months.
Blinken
Sr. Member
****
Offline Offline

Activity: 337
Merit: 250



View Profile
February 24, 2014, 02:11:52 AM
 #8

Moderator !!! Where's the moderator when you need him?

Who let this clown in? Seriously, we need better bouncers.

Bitcoin ♦♦♦ Trust in Mathematics, Not Bankers ♦♦♦
dopecoindude
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000


The Dude Of DopeCoin


View Profile WWW
February 24, 2014, 02:13:20 AM
 #9

Moderator !!! Where's the moderator when you need him?

Who let this clown in? Seriously, we need better bouncers.


Better mod's is sooo true. How did this guy sneak in ?

It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
gollum
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


In Hashrate We Trust!


View Profile
February 24, 2014, 02:14:53 AM
 #10

Moderator !!! Where's the moderator when you need him?

Who let this clown in? Seriously, we need better bouncers.


Better mod's is sooo true. How did this guy sneak in ?
Don't blame me the analyst for the crash, I'm just giving you the truth. But ignore it, make your own bullish analysis instead.
Littleshop
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000



View Profile WWW
February 24, 2014, 02:22:45 AM
 #11

I am confident that the price of BTCUSD will trade around 100-150 the coming months at ALL exchanges, not only MtGox.
Sell your coins at BTC-e and other exchanges while greater fools are paying huge premiums to you.

Current situation


Original analysis from 6th of Feb 2014
Seems like MtGox is the "Lehman Brothers" of the bitcoin world.
My analysis points out that BTC/USD might crash down to $100



What software is this? care to share?


Here you are:
https://www.tradingview.com/e/?symbol=MTGOX%3ABTCUSD#

Looking at your charts I see a huge price increase coming as we bounce off the lower line. 

gollum
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


In Hashrate We Trust!


View Profile
February 24, 2014, 02:28:07 AM
 #12

Looking at your charts I see a huge price increase coming as we bounce off the lower line.  
It's possible, but let's see where bitcoin stabilizes first. We don't know what patterns may form yet after it has bottomed.
The only thing that is certain right now is that 100 should be okey price for buy.
pleiotropik
Full Member
***
Offline Offline

Activity: 144
Merit: 100


View Profile
February 24, 2014, 02:38:22 AM
 #13

I always keep Fiat in the garage in case the BTC takes a dump.

That said, the mtgox dump to $100 occurred inside a black box.
 Who, in his right mind would prefer to keep fiat instead of BTCinside the gox in the remote chance that someday he would  be able to redeem either one.  This, specially in light of the fact that mtgox was always better at redeeming btc than than fiat.  the moment mtgox closed the only door of escape for depositors the price went from mark to market to mark to fantasy, then from mark to fantasy to mark to unicorns and onwards to Mark to Karpeles: the Leprechaun that stole the btc pot at the end of the unicorn's rainbow fart. the "price" at gox is meaningful only in the sense that it satisfies some frappuccino fantasy of an overweight undertalented autistic nerd.

back to the beginning: have plenty of wallpaper (usd) to exchange for btc at $500; $400; $300; $200; and $100... why? coz as mother goose says: never put all eggies in a single basket.

And: Gollum's charts are perfectly valid from a technical standpoint.
pleiotropik
Full Member
***
Offline Offline

Activity: 144
Merit: 100


View Profile
February 24, 2014, 02:42:24 AM
 #14

sorry.... adding to the above... except Gollum makes one weird statement: "Prices will stabilize at $100"  WTF??? when have prices stabilized in any commodity? calling "Preciouuuusssssssssssssss..." (Huh)  you have been tainted by the floating all seeing eye p'rhaps?
Ibian
Legendary
*
Offline Offline

Activity: 2002
Merit: 1182



View Profile
February 24, 2014, 02:49:44 AM
 #15

Bet ya on it. 2 coins. Set your time limit and precise terms.

Look inside yourself, and you will see that you are the bubble.
gollum
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


In Hashrate We Trust!


View Profile
February 24, 2014, 02:50:02 AM
 #16

sorry.... adding to the above... except Gollum makes one weird statement: "Prices will stabilize at $100"  WTF??? when have prices stabilized in any commodity? calling "Preciouuuusssssssssssssss..." (Huh)  you have been tainted by the floating all seeing eye p'rhaps?
Look at the chart again, the price stabilized after the crashes each year: several months of lower and lower volatility.
When volatility->0 the probability->100% for a breakout.
But if the breakout will be to the upside or downside this time is to early to speculate about.
It could go from 100 to 10$ or from 100 to 2000-5000
pleiotropik
Full Member
***
Offline Offline

Activity: 144
Merit: 100


View Profile
February 24, 2014, 02:58:15 AM
 #17


It could go from 100 to 10$ or from 100 to 2000-5000

Thanks, now your statement has technical meaning...  As the dark clouds of monetary central bank disorder gather to pound the euro and the Yuan/yen into pulp from which the FED will QE to infinity, my wager remains in favor of the deflationary nature of BTC. Since you are hedging both ways (2k>  or $100<) i'm pretty certain you can write a warrant to reflect your position in favor of extreme volatility. I rather sit on my hands and keep my btc in cold storage and move as much fiat into commodities as possible.
pungopete468
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 500



View Profile WWW
February 24, 2014, 03:04:14 AM
 #18

Unless some serious flaw is discovered that requires a hard fork I wouldn't expect to see prices fall that low for any moderate period of time; no more than a few hours to a day at the most...

It would practically be considered "charitable selling" because that's giving Bitcoin away at this stage of the game.

Everybody who's involved in Bitcoin has a price. That number where, should we reach it, they will throw everything they have at buying as many as possible. The difference between now and when the price was in the $100's is the size of the community and the strength we've gained from the storms we've weathered.

Even the Bears who sold everything last week have a number where they put it all back on the line... I highly doubt that number is below the lower trend line of your chart; likely much higher to mitigate the risk of being pinched...


███████████████████████████████████████████
███████████████████████████████████████████
███████████████████████████████████████████
'''''''''''''''''''''''''''''Z█████████
                          _o█████████
                        ,d████████
                      ,d████████
                     █████████
███████████████████████████
█████████████████████████
███████████████████████
          ███████████
        ,d████████
      ,█████████
   _o█████████
  d█████████
███████████████████████████████████████████
███████████████████████████████████████████
███████████████████████████████████████████

▄▄▄██████▄▄▄
▄▄████████████████▄▄
▄█████▀▀        ▀▀█████▄
████▀                ▀████
███▀    ▄▄▄▄▄▄▄▄▄       ▀███
███      █   ▄▄ █▀▄        ███
██▀      █  ███ █  ▀▄      ▀██
███       █   ▀▀ ▀▀▀▀█       ███
███       █  ▄▄▄▄▄▄  █       ███
███       █  ▄▄▄▄▄▄  █       ███
██▄      █  ▄▄▄▄▄▄  █      ▄██
███      █          █      ███
███▄    ▀▀▀▀▀▀▀▀▀▀▀▀    ▄███
████▄                ▄████
▀█████▄▄        ▄▄█████▀
▀▀████████████████▀▀
▀▀▀██████▀▀▀

◾ 0%  trading  FEE
Zooom

Ex

CRYPTO
EXCHANGE
......  BITCOINTALK                 

..A N N..

....B O U N T Y....
......
......
......
......
..TRADE NOW..
bananas
Sr. Member
****
Offline Offline

Activity: 294
Merit: 253


View Profile
February 24, 2014, 03:05:54 AM
 #19

OP makes sense. I also believe it will go down to around USD$100 but i did not make any deep analysis, i believe so just 'cause there was absolutely no legit explanation for the rise past 100. And 100 was a stable value for several months.
bananas
Sr. Member
****
Offline Offline

Activity: 294
Merit: 253


View Profile
February 24, 2014, 03:14:57 AM
 #20

Explain your prediction? MtGox related data does not explain anything 'cause they are in another dimension.
MtGox volume and assets (claimed by clients) is still a very huge part of all bitcoin exchanges.
We cant dismiss the MtGox price as an isolated price, it will affect other exchanges as well since the price in sharp negative trend on all exchanges.

Imagine early adaptors rushing for the exit, Im not even thinking about Satoshi who owns more than 1 million coins, but early miners and guys like the stupid fat hobbit Karpeles. Even if they just sell 20% of their holdings it will push down the price towards 80-100 and keep it there for months.

Forgive-me, i stopped reading once i saw mtgox written in it, but i see those graphs are before the mess which is completely valid and reflects the market.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!