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Question: What will be the bottom price before the long climb?
$266 - 34 (37.8%)
$310 - 18 (20%)
$365 - 24 (26.7%)
$1 - 14 (15.6%)
Total Voters: 90

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Author Topic: Call the bottom  (Read 2724 times)
Elwar
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September 30, 2014, 09:55:23 AM
 #1

We have never hit a previous high after a new spike in the price so we are close to the bottom.

What price do you believe will be the low.

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Hunyadi
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September 30, 2014, 09:58:05 AM
 #2

Low 352.

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September 30, 2014, 09:59:51 AM
 #3

Previous low at $365 should hold for the next 4 months or so Cool

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September 30, 2014, 10:03:13 AM
 #4

somewhere between $85 and $266.

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im0rtel
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September 30, 2014, 10:03:22 AM
 #5

 its going down down down to the ground. btc by the end of the year will be around 200 $ on a downwards trend.
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September 30, 2014, 10:06:52 AM
 #6

We have never hit a previous high after a new spike in the price so we are close to the bottom.
...

Past performance ...

But it also depends on how you define 'spike' - maybe 266 was not an individual spike - but was just a part of the run up to 1200?
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September 30, 2014, 10:12:36 AM
 #7

"What will be the bottom price before the long climb? "

I can't answer because I don't believe there will be another long climb.

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EuroTrash
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September 30, 2014, 10:17:13 AM
 #8

We have never hit a previous high after a new spike in the price so we are close to the bottom.

Never say never.

There could be a quick and painful dip below 266.

Personally I am hodling on cold storage atm but were I not doing so, in order to try and sleep safe at night (lol @ this... as if that's even possible when most of your money is a number in a bitcoin exchange), today I'd leave a catch-all bid at 280$.

Long climb or not, BTC USD price has always been asymptotically proportional to the estimated transaction volume in USD which is slowly rising even while the price is declining. There will be a time when the transaction volume will be enough to sustain the price. That will be the bottom.

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Elwar
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September 30, 2014, 10:18:12 AM
 #9

But it also depends on how you define 'spike' - maybe 266 was not an individual spike - but was just a part of the run up to 1200?

With a 6 month cool down period?

There are 3 clear spikes in price over the last few years.

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September 30, 2014, 10:19:33 AM
 #10

Between 266 and 310 would be my guess.
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September 30, 2014, 10:25:55 AM
 #11

"What will be the bottom price before the long climb? "

I can't answer because I don't believe there will be another long climb.
+

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September 30, 2014, 11:08:30 AM
 #12

Looks like the ship has a leak and has started sinking slowly. I own over 100 coins and I will sink with this ship. HODLING! Bought at 680, you can guess how much loss it will be  Undecided
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September 30, 2014, 11:14:23 AM
 #13

Hodl to the death.

Likely bottom, speculatively, is around $300ish for reasons that Elwar has already given.

The absolute lowest possible bottom is of course $0. It's part of the inherent risk and the reason why bitcoin gains aren't "free moniez".

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September 30, 2014, 11:38:15 AM
 #14

at around 200s give or take. If we'd go to even 199.99 there would lots of buys, so I doubt it will go to 1xx.

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September 30, 2014, 06:38:58 PM
 #15

I don't think it will go below $330..

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September 30, 2014, 06:44:49 PM
 #16

284.
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September 30, 2014, 07:02:02 PM
 #17

Previous low at $365 should hold for the next 4 months or so Cool

Here we go!

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September 30, 2014, 09:30:07 PM
 #18

I'm 50/50 on this.  Either yesterday's low of $365 was the bottom, or $365 fails and we retest the 11 April low of $339.

roy
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September 30, 2014, 09:44:25 PM
 #19

somewhere aroung the 300's

We might have already reached the bottom

Or not


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September 30, 2014, 09:50:39 PM
 #20

360+ (already)

OR

280-300 between 10/4 and 10/7
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