199 in the morning

[serenitys]

Just off the trend and dynamics, the price was already dropping before the whale/wall business though...so I'm still inclined to think this was an anomaly and it'll reset the downward trend a bit lower.

If it gets into the mid 200 range, I'd expect a panic sell off to some degree which could absolutely send it below 100.

But I also see the mid 200 range being a sweet spot for long timers to go ahead and enjoy a bitcoin sale which would begin moving it back up.

Is it out of the realm of possibility or probability that the same whale or anyone else might do exactly the same thing next weekend?


My personal inclination is that it'll hit mid 200s in October and cause a sell off crash, then it'll start jumping up to 500ish by the end of the year.

It's not a prediction, just kind of how I see the dynamics of what's been happening and would've likely gone there regardless of Mr Whale.

Thoughts?

[krb91]

The whale's sell off has no doubt generated publicity, and proved how big the bitcoin market is. The final hour/half hour of the sale saw millions of dollars worth of bitcoins sold. That's impressive by anyone's standards and might help to start pushing the price up, as people who missed out try to buy before the price really shoots up.

[Tstar]

i don't think it will happen that much fast
but we can say like this 399 in the morning

[brand]

Give it a month before that final drop for $200ish mark.

[mano21]

Yay I was wrong for once

[CryptoCarmen]

here we go boys.

the final slide has begun.

china will sell till we hit 250 and a panic usa will bring us to 199 in the morning.

night.

Maybe will happen tomorrow night?

[brand]

The market is just correcting itself based on the leading exchange not being there.

[CryptoCarmen]

Or may it happen day after tomorrow?