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Bitcoin Forum > Economy > Economics > Speculation > Will this weekend see the make or break of BTC?
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ravenjt (OP)
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October 08, 2014, 01:56:40 PM
 #1
We have seen regular weekly drops in the USD price of BTC for the past month, mostly at the weekends.
If we have really seen the bottom, then this weekend should see prices rise sharply.
But if we see another sharp drop, to another new low for the year, then the future for the BTC price will be very bleak indeed, at least for the next few years.

What's your expectation for this weekend?
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October 08, 2014, 02:06:20 PM
 #2
Quote from: ravenjt on October 08, 2014, 01:56:40 PM
We have seen regular weekly drops in the USD price of BTC for the past month, mostly at the weekends.
If we have really seen the bottom, then this weekend should see prices rise sharply.
But if we see another sharp drop, to another new low for the year, then the future for the BTC price will be very bleak indeed, at least for the next few years.

What's your expectation for this weekend?



no expectation, nothing to do with next several years  Shocked
We might have already bottomed or will bottom anywhere between $72 (unlikely) and $240-266 (possible)
i very much like the fact that hashing speed is flatlining
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October 08, 2014, 02:07:32 PM
 #3
Quote from: ravenjt on October 08, 2014, 01:56:40 PM
We have seen regular weekly drops in the USD price of BTC for the past month, mostly at the weekends.
If we have really seen the bottom, then this weekend should see prices rise sharply.
But if we see another sharp drop, to another new low for the year, then the future for the BTC price will be very bleak indeed, at least for the next few years.

What's your expectation for this weekend?



sharp drop => panic buying for cheap coins => sharp rise
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October 08, 2014, 02:10:04 PM
 #4
My expectation is that a weekend won't make or break BTC.
Skoupi
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October 08, 2014, 02:12:20 PM
 #5
Quote from: ravenjt on October 08, 2014, 01:56:40 PM
But if we see another sharp drop, to another new low for the year, then the future for the BTC price will be very bleak indeed, at least for the next few years.

The future of bitcoin isn't tied to daily or monthly price fluctuations whatsoever. Only the future of speculators that gamble on the price is.
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October 08, 2014, 02:16:40 PM
 #6
You're right, the next weekend is critical.





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the joint
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October 08, 2014, 02:17:26 PM
 #7
Quote from: Thomas-s on October 08, 2014, 02:16:40 PM
You're right, the next weekend is critical.

Why?
ravenjt (OP)
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October 10, 2014, 09:51:01 PM
 #8
The market is eerily calm as the weekend begins...
BlindMayorBitcorn
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October 10, 2014, 11:51:48 PM
 #9
Quote from: Thomas-s on October 08, 2014, 02:16:40 PM
You're right, the next weekend is critical.

The Next 12 Hours Are Critical For BitcoinTM
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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October 10, 2014, 11:54:27 PM
 #10
Next minute is critical.
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October 11, 2014, 05:40:55 AM
 #11
What is this all about critical ?
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