Bitcoin Forum
October 17, 2017, 06:13:53 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Bottom will be 230-270  (Read 3727 times)
wobber
Legendary
*
Offline Offline

Activity: 1064


View Profile
October 04, 2014, 11:21:22 PM
 #1

Bubble retrace from 1.1 to 0.55 ~=
Bubble retrace from 32 to 7 =~80%
Bubble retrace from 266 to 50 =~80%
If bubble retrace from 1160 is also ~80% that would mean prices of about 233.

WE ARE VERY NEAR THE BOTTOM.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
1508220833
Hero Member
*
Offline Offline

Posts: 1508220833

View Profile Personal Message (Offline)

Ignore
1508220833
Reply with quote  #2

1508220833
Report to moderator
1508220833
Hero Member
*
Offline Offline

Posts: 1508220833

View Profile Personal Message (Offline)

Ignore
1508220833
Reply with quote  #2

1508220833
Report to moderator
1508220833
Hero Member
*
Offline Offline

Posts: 1508220833

View Profile Personal Message (Offline)

Ignore
1508220833
Reply with quote  #2

1508220833
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508220833
Hero Member
*
Offline Offline

Posts: 1508220833

View Profile Personal Message (Offline)

Ignore
1508220833
Reply with quote  #2

1508220833
Report to moderator
1508220833
Hero Member
*
Offline Offline

Posts: 1508220833

View Profile Personal Message (Offline)

Ignore
1508220833
Reply with quote  #2

1508220833
Report to moderator
1508220833
Hero Member
*
Offline Offline

Posts: 1508220833

View Profile Personal Message (Offline)

Ignore
1508220833
Reply with quote  #2

1508220833
Report to moderator
exocytosis
Sr. Member
****
Offline Offline

Activity: 476


View Profile
October 04, 2014, 11:27:01 PM
 #2


If bubble retrace from 1160 is also ~80% that would mean prices of about 233.


That's a big if.

It's different this time. The bottom is zero.
BusyBeaverHP
Full Member
***
Offline Offline

Activity: 190


View Profile
October 04, 2014, 11:29:20 PM
 #3

I don't know about everyone else, but this is my buying price target:



If it doesn't happen, I'll just have to catch something on the way up.
knight22
Legendary
*
Offline Offline

Activity: 1358


--------------->¿?


View Profile
October 04, 2014, 11:30:28 PM
 #4


If bubble retrace from 1160 is also ~80% that would mean prices Angry of about 233.


That's a big if.

It's different this time. The bottom is zero.

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

touhonoob
Jr. Member
*
Offline Offline

Activity: 42


View Profile
October 04, 2014, 11:44:32 PM
 #5


If bubble retrace from 1160 is also ~80% that would mean prices of about 233.


That's a big if.

It's different this time. The bottom is zero.
zero means infinite cheap coins  Cheesy
Kontridder
Member
**
Offline Offline

Activity: 70


View Profile
October 04, 2014, 11:44:49 PM
 #6

so what do we do at the bottom ? Kiss
maker88
Sr. Member
****
Offline Offline

Activity: 336


View Profile
October 04, 2014, 11:53:08 PM
 #7


If bubble retrace from 1160 is also ~80% that would mean prices Angry of about 233.


That's a big if.

It's different this time. The bottom is zero.

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

well said
kokojie
Legendary
*
Offline Offline

Activity: 1666



View Profile
October 04, 2014, 11:54:11 PM
 #8

You don't get it, there's no bottom. There's a perpetual PoW mining expense that is sucking value out of Bitcoin. As long as no new money coming in, Bitcoin will perpetually fall in value. So you better wish there's new money coming in to boost the price.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
exocytosis
Sr. Member
****
Offline Offline

Activity: 476


View Profile
October 05, 2014, 12:07:14 AM
 #9

A $230 Bitcoin is a crazy overpriced coin. Such high prices can only occur in a market still delusional after years of MtGox manipulation schemes. It'll prove unsustainable in the long term, as more miners have to sell more of their coins to pay their bills, while cultists, whales, developers, early adopters and business insiders also dump larger quantities of coins, since they all are slowly realizing the Bitcoin scam is effectively over. The public perception of Bitcoin is tarnished forever, and nothing can save this sinking ship. Almost no new fiat is entering the exchanges. You'll struggle to find buyers for your coins when you panic sell them for $20 in a month or two.

gnode
Sr. Member
****
Offline Offline

Activity: 475


View Profile
October 05, 2014, 12:09:49 AM
 #10

You don't get it, there's no bottom. There's a perpetual PoW mining expense that is sucking value out of Bitcoin. As long as no new money coming in, Bitcoin will perpetually fall in value. So you better wish there's new money coming in to boost the price.

No you don't get it. BTC's market cap is 5 billion, compare to following,

"Competition in the mutual fund business exploded this week as rivals sparred for a share of the billions of dollars flowing out of Pacific Investment Management Co., which commands $2 trillion in investments. .

Gross, known on Wall Street as the "bond king," stirred up the industry last month when he quit — after clashing with other Pimco executives — to run a comparatively tiny portfolio for Janus Capital Management. Investors responded by pulling $23.5 billion from Pimco's Total Return Fund, which Gross had personally managed."

One bond mutual fund is 2 trillion market cap. 

When this "big money" pours into BTC the price will skyrocket.
MoreFun
Legendary
*
Offline Offline

Activity: 798


R★teI.CO


View Profile WWW
October 05, 2014, 12:11:11 AM
 #11

A $230 Bitcoin is a crazy overpriced coin. Such high prices can only occur in a market still delusional after years of MtGox manipulation schemes. It'll prove unsustainable in the long term, as more miners have to sell more of their coins to pay their bills, while cultists, whales, developers, early adopters and business insiders also dump larger quantities of coins, since they all are slowly realizing the Bitcoin scam is effectively over. The public perception of Bitcoin is tarnished forever, and nothing can save this sinking ship. Almost no new fiat is entering the exchanges. You'll struggle to find buyers for your coins when you panic sell them for $20 in a month or two.



$3 billion ($230) for a next generation currency is nothing and is not expensive at all. If it fails, it doesn't matter where you buy. So, you are full of shit and FUDster. Anyone who believe in BTC, these are very good prices now, for all others, $300 for digital money is still worthless.

RteI.CO . T o p . I C O . L i s t .
Pre-ICO: 20th Sep +200%
ICO: 1st Oct +50%
sublime5447
Hero Member
*****
Offline Offline

Activity: 784



View Profile
October 05, 2014, 12:11:42 AM
 #12

You don't get it, there's no bottom. There's a perpetual PoW mining expense that is sucking value out of Bitcoin. As long as no new money coming in, Bitcoin will perpetually fall in value. So you better wish there's new money coming in to boost the price.


Its not pow or pos that is the problem its mined coins in general, coins need to be issued into existence the mining should just secure the network and ledger.

The reason there is no bottom is the same reason bitcoin isn't currency.. Bitcoin doesn't have a market price.





COBINHOOD – ZERO TRADING FEE CRYPTOCURRENCY EXCHANGE 
slack
Telegram
exocytosis
Sr. Member
****
Offline Offline

Activity: 476


View Profile
October 05, 2014, 12:14:53 AM
 #13

So, you are full of shit and FUDster.


Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am.

So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are.

MoreFun
Legendary
*
Offline Offline

Activity: 798


R★teI.CO


View Profile WWW
October 05, 2014, 12:18:58 AM
 #14

So, you are full of shit and FUDster.


Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am.

So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are.



Yea trollbears won the last few months, congrats.

I meant you are full of shit like saying $230 BTC is expensive. $3 billion to realize BTC potential is a pocket money and can not even work on that vision at these prices. So growth or nothing. You believe in BTC or not. You win or you lose.
You troll or you don't.  Tongue

RteI.CO . T o p . I C O . L i s t .
Pre-ICO: 20th Sep +200%
ICO: 1st Oct +50%
exocytosis
Sr. Member
****
Offline Offline

Activity: 476


View Profile
October 05, 2014, 12:21:21 AM
 #15

So, you are full of shit and FUDster.


Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am.

So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are.



Yea trollbears won the last few months, congrats.

I meant you are full of shit like saying $230 BTC is expensive. $3 billion to realize BTC potential is a pocket money and can not even work on that vision at these prices. So growth or nothing. You believe in BTC or not. You win or you lose.
You troll or you don't.  Tongue


A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not.



MoreFun
Legendary
*
Offline Offline

Activity: 798


R★teI.CO


View Profile WWW
October 05, 2014, 12:22:59 AM
 #16

I won't feed beartrolls anymore.

RteI.CO . T o p . I C O . L i s t .
Pre-ICO: 20th Sep +200%
ICO: 1st Oct +50%
DeadCoin
Full Member
***
Offline Offline

Activity: 238


View Profile
October 05, 2014, 12:47:47 AM
 #17

So, you are full of shit and FUDster.


Nope, my post history proves I've been pretty much exactly right in my price predictions the last 3-4 months, at least. If anything I've been a tiny bit too bullish. I probably still am.

So I'm not full of shit. But you and the other mindless cultist bulltard drones, definitely are.



Yea trollbears won the last few months, congrats.

I meant you are full of shit like saying $230 BTC is expensive. $3 billion to realize BTC potential is a pocket money and can not even work on that vision at these prices. So growth or nothing. You believe in BTC or not. You win or you lose.
You troll or you don't.  Tongue


A $10 Bitcoin will be too expensive six months from now. History will prove me right, whether the cultists like it or not.





No, I think you're too bearish. Bitcoin will not fail so soon. I see a brutally strong resistant point cca at least 100. (I'm a long term bear, but bitcoin mania won't so die soon, it's just human nature, don't worry). Capitulation will have to wait for a while. Maybe year or two at least. It will happen eventually, but not yet.
exocytosis
Sr. Member
****
Offline Offline

Activity: 476


View Profile
October 05, 2014, 12:53:31 AM
 #18

No, I think you're too bearish. Bitcoin will not fail so soon. I see a brutally strong resistant point cca at least 100. (I'm a long term bear, but bitcoin mania won't die soon, it's just human nature, don't worry). Capitulation will have to wait for a while. Maybe year or two at least. It will happen eventually, but not yet.


Uhm ... you do realize that everyone saw "brutally strong resistant points" at 340, 400, 450, 600, 800 ... etc., right?

A "resistance point" at 100 might be clearly visible now, but when we're at 140, that point has moved to $50 or thereabouts. The goal posts are moving all the time, just like the buy-ins of the cultist bulltards who claimed that 600 dollar coins were "cheap", just a couple of months ago.




pristontale
Newbie
*
Offline Offline

Activity: 22


View Profile
October 05, 2014, 01:01:33 AM
 #19

Bubble retrace from 1.1 to 0.55 ~=
Bubble retrace from 32 to 7 =~80%
Bubble retrace from 266 to 50 =~80%
If bubble retrace from 1160 is also ~80% that would mean prices of about 233.

WE ARE VERY NEAR THE BOTTOM.

If there's one thing we speculators should all agree about, it's that NOBODY knows the bottom.
leopard2
Legendary
*
Offline Offline

Activity: 1229


View Profile
October 05, 2014, 01:04:01 AM
 #20

You don't get it, there's no bottom. There's a perpetual PoW mining expense that is sucking value out of Bitcoin. As long as no new money coming in, Bitcoin will perpetually fall in value. So you better wish there's new money coming in to boost the price.

you don't seem to realize that there will be no new coins when they have all been mined...50% have already been mined...so that theory of yours will maximally explain a 50% drop from now on

have a look at other coins what happened when PoW phase ended...they explode

Truth is the new hatespeech.
Pages: [1] 2 3 »  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!