Bottom will be 230-270

[wobber]

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.

[1715427856]

1715427856

[1715427856]

1715427856

[exocytosis]

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]

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]

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.

 

[touhonoob]

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 

[Kontridder]

so what do we do at the bottom ?

[maker88]

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.

 

well said

[kokojie]

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.

[exocytosis]

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]

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]

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.

[sublime5447]

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.

[exocytosis]

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]

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.  

[exocytosis]

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.  

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

[MoreFun]

I won't feed beartrolls anymore.

[DeadCoin]

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.  

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]

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]

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]

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