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Author Topic: [CHART] BTC Price bearish  (Read 2116 times)
Deprecate
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March 28, 2014, 09:11:46 PM
 #21

BTC will hold 500+-, after all the shit news from China, IRS and Russia how could it possibily become even shittier.

EU is not gonna take a dump over BTC to make it worse hopefully.

500+- will hold and we'll see a slow progressive increase from there.
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March 31, 2014, 01:20:30 PM
 #22

Many try to predict the future prices based on absolutely nothing. Ohh it's falling, so It should fall some more. Almost if not all of the rapid declines in prices had a reason behind it. Big or small. A rumor can spread like wildfire just like we see with the supposed Chinese ban. So if you try to predict the future give a sound argument. If the rumor is true we could reach 300$ even lower since China has 80+% of trades.
from where did you know that China has 80+% of trades?
i hope it just rumor that BTC will be banned in china

I used to watch http://fiatleak.com/ a lot. Without China Bitcoin will be sent into stone age again. At least considering the price cause investment companies and startups are doing really well in Europe and USA.
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March 31, 2014, 08:22:29 PM
 #23

I'm actually scared shitless... the price keeps falling, then returning to $500, only to fall even further than before. let's hope europe doesn't decide to act like china, because then i will shit bricks

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March 31, 2014, 08:43:30 PM
 #24

Many try to predict the future prices based on absolutely nothing. Ohh it's falling, so It should fall some more. Almost if not all of the rapid declines in prices had a reason behind it. Big or small. A rumor can spread like wildfire just like we see with the supposed Chinese ban. So if you try to predict the future give a sound argument. If the rumor is true we could reach 300$ even lower since China has 80+% of trades.
from where did you know that China has 80+% of trades?
i hope it just rumor that BTC will be banned in china

I used to watch http://fiatleak.com/ a lot. Without China Bitcoin will be sent into stone age again. At least considering the price cause investment companies and startups are doing really well in Europe and USA.

Nah. The exchanges there are mainly zero fee. This means the volume is largely made up of day traders and bots selling the same coin to each other thousands and thousands of times.

There aren't zero fee exchanges anywhere else to my knowledge. If there were the volume would be huge in that country too. Many are guessing that most Chinese exchange data is fake.

We haven't heard of much or any investment or innovation coming from China. That's what'll grow Bitcoin. All they're doing is using it to speculate. Short term hit, yes. Long term, there's a whole world beyond there.

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