and we are officially off to test the previous high at around $270

[DeadCoin]

just a matter of time now, odds are very high. Don't see why any large specs would bother buying until they see what happens at 270.

that 270 doesn't hold and this could get ugly.

I had a 50k buy order in at 270 but now I'm just gonna wait and see what happens there.

Why do people keep insisting previous high is important? Imo April low and mid-2013 period between two bubbles are much more important resistant points than peak from previous bubble. Even tough I don't think any of them are relevant, bitcoin will continue it's course regardless of those numbers 266 or 100 or 400 is just like any other.

[Gargulan]

just a matter of time now, odds are very high. Don't see why any large specs would bother buying until they see what happens at 270.

that 270 doesn't hold and this could get ugly.

I had a 50k buy order in at 270 but now I'm just gonna wait and see what happens there.

Why do people keep insisting previous high is important? Imo April low and mid-2013 period between two bubbles are much more important resistant points than peak from previous bubble. Even tough I don't think any of them are relevant, bitcoin will continue it's course regardless of those numbers 266 or 100 or 400 is just like any other.

Last phase of bubble is usually hysterical, 50% correction before making a new high is not unconventional in the last phase of a bubble.

[jasonjm]

wow this forum has become pessimistic

last time i was here was 6 months ago or more maybe and then it was bitcoin to the moon, buy now before the next super spike etc

now more than half the posts are bitcoin sucks

[blitzbad]

wow this forum has become pessimistic

last time i was here was 6 months ago or more maybe and then it was bitcoin to the moon, buy now before the next super spike etc

now more than half the posts are bitcoin sucks

you mean many people are complaining about the price crash? that's because bitcoin is going to the final capitulation and more and more people can see the fact now

[mano21]

just a matter of time now, odds are very high. Don't see why any large specs would bother buying until they see what happens at 270.

that 270 doesn't hold and this could get ugly.

I had a 50k buy order in at 270 but now I'm just gonna wait and see what happens there.

At this point it's kind of fun.

To see where the bottom fishing will stop.

I'm guessing 299 is when people will just stop to care LOL.

[Wandererfromthenorth]

A major bounce should happen around $180-$200.
Then it eithers pumps and stabilises or it's done for.

[jasonjm]

I don't think "odds are very high" but I wouldn't mind picking up some coin under $300

lol

didn't even take 24 hrs, my time frame was 1 month or so

[Xiaoxiao]

its the approximate previous spike high give or take a few dollars

go look at bitcoin chart

i think it was around april 2013 if I am not mistaken, im sure someone here will give exact date and exact $ level.

April 10th 2013, $266. I remember that day pretty well. Gox froze and was down for hours. When they reopened, trading zigzagged between $50 and $150 violently for a while. That terminated the spring-2013 run-up.

of course GOX froze.  It is the biggest market manipulator out there.  It froze during many pre ample to crashes, to decide which route to take to make the most $.

[jasonjm]

MTgox and butterfly labs should have gone into business together.

the 2 sets of biggest thieves on planet earth, in one unholy matrimony

testing the waters:

http://imgur.com/7Zdffks

[jasonjm]

hmmm I hope I get those coins, looking like a rather fortuitous buy in, so far

next buy in will be at $180 ($10 0000) and after that $90 ($20 000), if those levels are ever seen

[mnmShadyBTC]

its the approximate previous spike high give or take a few dollars

go look at bitcoin chart

i think it was around april 2013 if I am not mistaken, im sure someone here will give exact date and exact $ level.

April 10th 2013, $266. I remember that day pretty well. Gox froze and was down for hours. When they reopened, trading zigzagged between $50 and $150 violently for a while. That terminated the spring-2013 run-up.

of course GOX froze.  It is the biggest market manipulator out there.  It froze during many pre ample to crashes, to decide which route to take to make the most $.

The price declined because Gox was frozen, people got scarred and sold their coins, not the other way around.

I would speculate that we continue to see significant price declines up until the DPR/SR trial at which time we could potentially see a recovery

[jasonjm]

why would the DPR trial affect btc prices? just interested to hear your logic?

I would assume the winklevoss etf being denied or approved would drive prices more.