Bitcoin Forum
December 04, 2016, 08:30:30 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Dropped below $3  (Read 2200 times)
Minsc
Full Member
***
Offline Offline

Activity: 210


View Profile
October 24, 2011, 08:25:58 AM
 #1

I still think it's going to stagnate around $3 for a week or more and slowly rise before a big crash at the end of November.

1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480840230
Hero Member
*
Offline Offline

Posts: 1480840230

View Profile Personal Message (Offline)

Ignore
1480840230
Reply with quote  #2

1480840230
Report to moderator
1480840230
Hero Member
*
Offline Offline

Posts: 1480840230

View Profile Personal Message (Offline)

Ignore
1480840230
Reply with quote  #2

1480840230
Report to moderator
1480840230
Hero Member
*
Offline Offline

Posts: 1480840230

View Profile Personal Message (Offline)

Ignore
1480840230
Reply with quote  #2

1480840230
Report to moderator
ArsenShnurkov
Legendary
*
Offline Offline

Activity: 1386



View Profile
October 24, 2011, 08:28:37 AM
 #2

big crash at the end of November

Which event do you expect?
Minsc
Full Member
***
Offline Offline

Activity: 210


View Profile
October 24, 2011, 08:30:43 AM
 #3

big crash at the end of November

Which event do you expect?

It crashes around the end and start of a month.

And 2012 will make the price rise, but people speculate so they'll buy in early in December.  That's pretty much the future.

1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
wobber
Legendary
*
Offline Offline

Activity: 1050


View Profile
October 24, 2011, 08:33:15 AM
 #4

Lines on graph or it won't happen.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
worldinacoin
Hero Member
*****
Offline Offline

Activity: 658



View Profile WWW
October 24, 2011, 08:35:42 AM
 #5

I predict that Bitcoin will be $3.14331235522321 exactly on the 28 Nov 2011 1312 PST.
Minsc
Full Member
***
Offline Offline

Activity: 210


View Profile
October 24, 2011, 08:36:53 AM
 #6

Lines on graph or it won't happen.

Since either July or August it crashes since the start of each month.  I made a thread about it speculating why and people were all no, you're wrong.  But it keeps doing that.  I much later made a thread going "how come people only hack sites at the start of the month when the price is bound to go down?" and nobody knew.

The other proofs I posted earlier in this thread.

Oh and these line graphs are wrong.


1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
zby
Legendary
*
Offline Offline

Activity: 1431


View Profile
October 24, 2011, 08:50:46 AM
 #7

Lines on graph or it won't happen.

Since either July or August it crashes since the start of each month.  I made a thread about it speculating why and people were all no, you're wrong.  But it keeps doing that.  I much later made a thread going "how come people only hack sites at the start of the month when the price is bound to go down?" and nobody knew.

The other proofs I posted earlier in this thread.

The latest crash was on the 17th - that's right in the middle of the month.
Minsc
Full Member
***
Offline Offline

Activity: 210


View Profile
October 24, 2011, 09:10:44 AM
 #8

The latest crash was on the 17th - that's right in the middle of the month.

It started dropping at the end of September.  It gradually went down.  It lasted longer than normal, but it still followed the pattern.

1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
October 24, 2011, 09:12:00 AM
 #9

This is just the pause that refreshes.  The price will be well above $3 very soon.  Short term profit taking at the moment.

I don't want to sound like a 'bear' all the time (I prefer the term realist myself), so there's a bullish prediction.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Minsc
Full Member
***
Offline Offline

Activity: 210


View Profile
October 24, 2011, 09:14:31 AM
 #10

Yeah I don't think it'll crash either.  It should stay around $3 and slowly stagnate/climb.

1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
zby
Legendary
*
Offline Offline

Activity: 1431


View Profile
October 24, 2011, 09:24:47 AM
 #11

The latest crash was on the 17th - that's right in the middle of the month.

It started dropping at the end of September.  It gradually went down.  It lasted longer than normal, but it still followed the pattern.

The last peak was at 20th of September - this is also more in the middle then at the end of that month.
anu
Legendary
*
Offline Offline

Activity: 938


P2P Everything


View Profile WWW
October 24, 2011, 11:24:30 AM
 #12

There was some weird stuff going on when trading at the $3 limit:

1. There was something like a wall but it didn't show up. But it seemed to react too fast for a bot.
2. All my deals at $3 were confirmed by MtGox via email, but most of the deals didn't show up in the ticker #bitcoin-market

Can anyone enlighten me?

Zero Reserve - A distributed Bitcoin Exchange

Install - Getting Started - BitcoinTalk Thread - Github Source
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
October 24, 2011, 11:30:11 AM
 #13

Interesting spike from $2.92 or so to $3.08.  Pretty much instant up and down.  Asks all dried up to that level and the bids followed, then it dropped back down again.

Everyone pulled their asks suddenly?  Unlikely.  MtGox has a bit more explaining to do.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Dan The Man
Sr. Member
****
Offline Offline

Activity: 336



View Profile
October 24, 2011, 02:48:11 PM
 #14

I don't know if you guys bother to look at past patterns or anything, but this exact same situation has happened already in August and September. The price plummits, then spikes up, then declines slowly, then rises slowly. Expect the price to steadily decline for at least one more day, maybe more to something in mid $2 range. After that another multi-day rise back up to around $3, maybe over maybe under, and then back into the stability for a while. It's exactly how I predicted the price going above $3.

ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
October 24, 2011, 03:06:23 PM
 #15

I can see a sharp decline coming.  All the price has to do is make a gentle selloff into $2.8.  Then when the bid wall gets pulled all hell breaks loose.  It may look calm now but it won't be calm when the wall gets pulled from under your feet.
However, I could be wrong and the price could just be going the other way.

(BFL)^2 < 0
Edward50
Hero Member
*****
Offline Offline

Activity: 546



View Profile
October 24, 2011, 04:21:18 PM
 #16

I can see a sharp decline coming.  All the price has to do is make a gentle selloff into $2.8.  Then when the bid wall gets pulled all hell breaks loose.  It may look calm now but it won't be calm when the wall gets pulled from under your feet.
However, I could be wrong and the price could just be going the other way.


I agree with your observation. People around here are still way too optimistic. If the past is any predictor, we should be testing the old lows very shortly, and going below them. People still think we are just heading higher. How much will it take for them to realize that bitcoin can not maintain a high price. The psychological levels keep getting reset on people, now people think that bitcoins are $3.00 and anything over means bitcoin is doing great.

When the price gets lower this time, many buyers will think twice before buying and thinking we will be heading over $3.00 again after this recent failed rally.

The only thing that people can bet on is if the manipulator will keep the price afloat. He is the only reason why bitcoin ever went over 3.00 and has not fallen below 2.00.

Most people here just do not understand how small of a market there are for people who want bitcoins. This is a very tiny hobby community. Most people who want bitcoins, own them. With 7,500 bitcoins coming into the market everyday, in a week, we will have over 50,000 new bitcoins that miners will have extra. These will contine to put pressure on the price. Even the manipulator with his 50,000 bidwall, can do very little with the amount of coins coming into market. Yes I know they are all not sold, but there is still the pressure of these out there.

Has nobody looked at my posts when the price drops so fast, and has looked at the actual bid demand? Without the manipulator pumping up the price every .05 cents, we would be close to a few hunderd bitcoin by normal buyers at every .05 increment.

We will be heading lower. If that 2.8 wall falls, all hell will break loose. I don't speak from my ass here. I am speaking from bitcoins history, I am predicting this based on what bitcoin has always done, actual historical analysis. This is a much better prediction then most people saying we will go higher, that is based completely contrary to what bitcoin has been doing.




Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
anu
Legendary
*
Offline Offline

Activity: 938


P2P Everything


View Profile WWW
October 24, 2011, 04:32:57 PM
 #17


 If that 2.8 wall falls, all hell will break loose.


There is not wall, everyone knows that. So why would it matter that a nonexisting wall disappeares?

Zero Reserve - A distributed Bitcoin Exchange

Install - Getting Started - BitcoinTalk Thread - Github Source
johnj
Full Member
***
Offline Offline

Activity: 154


View Profile
October 24, 2011, 04:41:24 PM
 #18


 If that 2.8 wall falls, all hell will break loose.


There is not wall, everyone knows that. So why would it matter that a nonexisting wall disappeares?

yeah I'm a bull and even I know that wall is fake.  the question is, do -other- people know the wall is fake.  Probably.  There was a similar wall at 4.50, and that broke with ease.

1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
October 24, 2011, 04:46:44 PM
 #19

Well somebody with alot of coins could hit it in time and buy them back once the price has collapsed further.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Nagle
Legendary
*
Offline Offline

Activity: 1204


View Profile WWW
October 24, 2011, 05:27:32 PM
 #20

As usual, we had a recovery after a big drop, and, as usual, it lasted about 3 days max. (Well, this time we had a fourth day, a Sunday when the price didn't change much, before the drop).

We now resume our regularly scheduled long, slow slide.

Mt. Gox, last 4 months, with 30 day trailing moving average (brown line)

The trend is rather obvious. It's a trailing moving average, so it's useful to shift it 15 days to the left to line it up with the actual prices.

 I starting pointing this out about two months back, and the trend has been quite consistent since then.  It may be leveling off a little as we approach zero. The moving average has been dropping by $4 per month since the end of June.  This month, it might only drop $3. 

Not much longer to go.
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!