We leave 500. Target 200. Trade recommendation.

[datehunter]

The price is still dropping, it's $452 at the moment, can't believe it.

[ajareselde]

The price is still dropping, it's $452 at the moment, can't believe it.

what is there not to believe in ?
bitcoin as a pay-service doesnt neet to have high value to be used.
bitcoin will survive, but your investments may not.

[CryptoCarmen]

Someone says we are going to the moon, some others that we will go to zero, so... make yourself agree!

Zero will only happen if another cryptocurrency completely takes all of the market from Bitcoin because it is technically superior. Since this is unlikely, and because crypto will be a major part of society in the not so distant future, the price of Bitcoin should go to what most people here would refer to as "the moon".

I dont think even then. zero could happen if there would be some technical flaw, that would make btc totally unusable. But for most people that BTC is 1 USD is same as zero.

[var53]

Even if another cryptocurrency completely takes all of the market from Bitcoin I expect there would be a small hard core group of supporters trading it at very low prices.

[guy_wonderful]

Strong BUY.

LOL

[dompsairs]

The price is still dropping, it's $452 at the moment, can't believe it.

what is there not to believe in ?
bitcoin as a pay-service doesnt neet to have high value to be used.
bitcoin will survive, but your investments may not.

How in the fuck Bitcoin can be a success without mass usage? and how isn't this directly related to high prices? give me a break.

[scarsbergholden]

after 6 months + of bear market surely the weak hands have all been shook out?

Now it seems like shorters just attacking despite positive developments.

We can have positive developments and infrastructure investment for a long time and continue to be in a bear market. These things are not necessarily directly related, nor do they occur in a vacuum. The relationship between BTCUSD and the infrastructure of the BTC economy is not immediately clear. People can cite things like Metcalfe's law, but it is not clear that user adoption is (at all) happening to the extent that justifies a valuation on that basis.

[inca]

after 6 months + of bear market surely the weak hands have all been shook out?

Now it seems like shorters just attacking despite positive developments.

We can have positive developments and infrastructure investment for a long time and continue to be in a bear market. These things are not necessarily directly related, nor do they occur in a vacuum. The relationship between BTCUSD and the infrastructure of the BTC economy is not immediately clear. People can cite things like Metcalfe's law, but it is not clear that user adoption is (at all) happening to the extent that justifies a valuation on that basis.

Both transaction volumes and wallet numbers have risen throughout the year. Infrastructure and seed capital has rocketed in the last twelve months.

What metrics other than declining price are you using to justify a falling valuation for bitcoin going forward?

[scarsbergholden]

after 6 months + of bear market surely the weak hands have all been shook out?

Now it seems like shorters just attacking despite positive developments.

We can have positive developments and infrastructure investment for a long time and continue to be in a bear market. These things are not necessarily directly related, nor do they occur in a vacuum. The relationship between BTCUSD and the infrastructure of the BTC economy is not immediately clear. People can cite things like Metcalfe's law, but it is not clear that user adoption is (at all) happening to the extent that justifies a valuation on that basis.

Both transaction volumes and wallet numbers have risen throughout the year. Infrastructure and seed capital has rocketed in the last twelve months.

What metrics other than declining price are you using to justify a falling valuation for bitcoin going forward?

Transaction volumes and wallet numbers are horrible data points for accurately measuring user adoption. We may be able to glean something, but taking those metrics to assume that exponential growth in adoption is happening would be a huge leap of faith.

Infrastructure and seed capital can continue to rocket for some time while we continue in a bear market. There is absolutely no reason why not. If you build it, they will come...... or...... maybe not. VCs make fail investments all the time.

[guy_wonderful]

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.

Last support aproaching "445-420" , when broken fastly moves to diretion of target.

So we should sell now?

 cool kids are selling now.

[arbitrage001]

Will load up 10 bitcoin if it really hit 200 for a short term trade.

[guy_wonderful]

Will load up 10 bitcoin if it really hit 200 for a short term trade.

Note!! that I will post next forecast when target is aproaching!!
Price could go under 200 easily! I for exemple, currently really want to see 1 btc per $50

Stay in touch via twitter. https://twitter.com/guy_wonderful (Forecasts posts synchronized)

[TSE]

anyway chart analysis worked very well for btc in the past...

[spazzdla]

Fallin like a rock.. .

[guy_wonderful]

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.

Last support aproaching "445-420" , when broken fastly moves to diretion of target.

5 usd left. (424 current)

[Beliathon]

420 is floor, buy up till $500 while you can!

[guy_wonderful]

Must admit that there has been a bit lower bears pressure as expected. Thought price 400 will break two hours ago... But that's nothing special. We just met 400 - Psihological price level, which also acts as, and already reached - new lows from April 10. What can be better? If you still not in the shorts, greatest time to do so...


P.S.
I really wonder why this my thread was moved from Economics to Sub section speculations.... Pfffff.

[guy_wonderful]

Next important price - 344, which is "historical low."
That's the last bastion before moving to the target. When 344 broken, let's say reaches 320, could very fast (in two days), reach 2xx per 1btc.

Here also we can make a trading recomandation. Sell at 320, STOP at 340-360 380 Target same. That's also is a short therm.

Some speculations.. and a bit of controversy.
344 important fundamentaly. "That's the new prices from time anybody talked about regulations of bitcoin for first time" For many that could mean that price enters in a new phase. For next few years we could trade in a halway of 50-200.< but that's just "speculation" for today, just a fast look to the posible real future of btc. Real forecast could be made just when target price reached.

[bathrobehero]

I really wonder why this my thread was moved from Economics to Sub section speculations.... Pfffff.

So that I could find it. ^^

[Eastwind]

$200 is possible, maybe caused by margin call. Long term, it will be higher.