DaFockBro
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Activity: 126
Merit: 0
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February 24, 2014, 03:18:05 AM |
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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.
A $7.2 billion market cap is still peanuts, there's really nowhere for the price to go but up in the medium-long term. When the price was $100, the $1.2 billion market cap for revolutionary technology was a joke. We'll never see an average of $100 per coin ever again. OP is spreading FUD to try to push the price lower and buy up some cheap coins. |
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DanielVG
Sr. Member
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Activity: 266
Merit: 250
I want free lunch, i'm gonna go with this guy.
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February 24, 2014, 03:22:59 AM |
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A lot of people would welcome a crash to 100$  |
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pleiotropik
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February 24, 2014, 03:26:06 AM |
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A lot of people would welcome a crash to 100$ Word... and maybe i'll catch some unicorns the same day  |
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DaFockBro
Newbie
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Activity: 126
Merit: 0
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February 24, 2014, 03:37:00 AM |
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A lot of people would welcome a crash to 100$ Word... and maybe i'll catch some unicorns the same day And maybe the Pope will convert to Judaism, and Mark Karpeles will stop drinking coffee milkshakes for breakfast...you never know. |
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bananas
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February 24, 2014, 04:40:42 PM |
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There is always lots of defensive people when someone talks about price drops, accusations of FUD etc. Speculation on rises never get any bad comments. I know some people bought at high and so have such reaction but a big price drop is benefical to everyone at this stage, more people can join, at the current values it is very risky or even financially prohibitive for most to join. Bitcoin is a small community that needs to grow.
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bananas
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February 24, 2014, 04:45:58 PM |
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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.
A $7.2 billion market cap is still peanuts, there's really nowhere for the price to go but up in the medium-long term. When the price was $100, the $1.2 billion market cap for revolutionary technology was a joke. We'll never see an average of $100 per coin ever again. OP is spreading FUD to try to push the price lower and buy up some cheap coins. 1.2 or 7.2 coming from about the same bank accounts does not make any difference. |
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Tirapon
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February 24, 2014, 05:35:36 PM
Last edit: February 24, 2014, 05:47:31 PM by Tirapon |
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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.
Points should be awarded for this post: you definitely get some points. I would love to see $100 BTC on stamp, and I have my fiat ready. Its just not gonna happen though... EDIT: Perhaps a little harsh towards Mark Karpeles though, I don't know him but I hear he's a good guy. Still, pretty f*cking funny. |
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sbryant31
Newbie
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Activity: 27
Merit: 0
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February 24, 2014, 05:42:03 PM |
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Can you give one fundamental reason why btc should crash?s
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ArpFlush
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February 24, 2014, 06:13:51 PM |
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Can you give one fundamental reason why btc should crash?s
Because everybody buys Flappycoin now |
"Panic Selling is not an Investment Strategy"
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cosmofly
Full Member
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Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
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February 24, 2014, 07:35:26 PM |
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I agree, its over
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gollum (OP)
Sr. Member
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Activity: 434
Merit: 250
In Hashrate We Trust!
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February 25, 2014, 02:34:01 AM |
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Can you give one fundamental reason why btc should crash?s
I work with technical analysis just like professional traders, not fundamental analysis. |
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bananas
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February 25, 2014, 03:09:03 AM |
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About -20% today, currently at $481. It is happening. My fiat is ready!
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bananas
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February 25, 2014, 03:16:08 AM |
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Going down non stop! $100 is coming soon.
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infofront
Legendary
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Activity: 2632
Merit: 2790
Shitcoin Minimalist
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February 25, 2014, 03:19:52 AM |
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At this point, the bulls are just the suckers who bought in way too high.
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bananas
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February 25, 2014, 03:29:32 AM |
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At this point, the bulls are just the suckers who bought in way too high.
Been watching live ticker for Bitstamp all day long, sell orders are often coming in high amounts, bids in very small amounts. The whale who dropped a sell order of thousands BTC yesterday at $579 or so, did not sell. |
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Tirapon
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February 25, 2014, 03:42:27 AM
Last edit: February 25, 2014, 05:42:30 PM by Tirapon |
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At this point, the bulls are just the suckers who bought in way too high.
I am bullish for 2014. I bought at ~10 USD. I'm expecting that once the dust settles, we will hopefully get a bit of stability for a while, and then the next move should be yet another spectacular rally. I'd say we'll see a new ATH by summer. |
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