don't panic, btc is doing well !

[resya]

If BTC is doing well, why would anyone panic

Well, BTC is like a great ship, there's nothing wrong with the ship but passengers screaming and running off the ship. You stop and ask the passengers why, they answer "I dunno, cuz everyone else is."

I love the ship of bitcoin. It is beautiful and I love the concept. I am being real now. I am protecting my assets that I have left and I would recommend you all do the same.

[1714887831]

1714887831

[1714887831]

1714887831

[nowfel]

we just bought a ticket of moon we need to prepare first to sit in the vehicles of moon be patients guys we will up before april...

[AweSomeNes]

My theory:

Microsoft want to take over all bitcoins and doing something that the price is going down now but within a month btc will 1000$+ again believe me i dreamed about it today!

[DonYo]

10k by next week, when the ETF launches. 100k by Christmas.

can't stop laughing at that GIF... does that make me a bad person?

Better with music 
https://www.youtube.com/watch?v=Awf45u6zrP0

[mmortal03]

10k by next week, when the ETF launches. 100k by Christmas.

can't stop laughing at that GIF... does that make me a bad person?

Yes, poor kitty

It's okay, he still had all nine lives when that was filmed.

[nauane]

I love the ship of bitcoin. It is beautiful and I love the concept. I am being real now. I am protecting my assets that I have left and I would recommend you all do the same.

So you're right. I do the same

[mindrust]

there is nothing bad about panicking.

 panic raises adrenaline levels of the human body.

adrenaline keeps you alive.


panic is good. panic keeps you alive.

don't believe ppl say "don't panic"

panic!!

panic!!

[franckuestein]

For some people, bitcoin is not just a decentralized project, they've invested money and we know what people think about money… they don't want to lose anything, lol.

Anyway as you've said (OP) people tend to dramatize everything. It's obvious that BTC price is falling, but once people understand the real potential of what they have on their hands, bitcoin is going to continue rising.

Let's see what happens that 2015-16  

[jaredboice]

Troll Spotter: mindtrust is a serial troll.  I've seen him in multiple threads spewing his FUD. just add to ignore list

[NotLambchop]

Don't be sad, bagholders.  What's important is that you've tried!

10k by next week, when the ETF launches. 100k by Christmas.

[jaredboice]

^NotLampchop also a troll 

[ajw7989]

Of course btc will shoot up if it becomes an ETF the real challenge is IF it becomes an ETF. 10k might be a little crazy but 1k is more realistic within the first year of becoming an ETF if it makes it

[NotLambchop]

Of course btc will shoot up if it becomes an ETF the real challenge is IF it becomes an ETF. 10k might be a little crazy but 1k is more realistic within the first year of becoming an ETF if it makes it

Let your dreams comfort you as your slick BTCeanie BTCabies Bitcoin investment tanks.

[mindrust]

Troll Spotter: mindtrust is a serial troll.  I've seen him in multiple threads spewing his FUD. just add to ignore list

This is a speculation thread.

Do you know what means "SPECULATION" ?

[erre]

10k by next week, when the ETF launches. 100k by Christmas.

can't stop laughing at that GIF... does that make me a bad person?

Yes, poor kitty

It's okay, he still had all nine lives when that was filmed.

He didn't die, there are some photos of him on the Internet. He is just a little bit pissed off  for being linked in a public forum. And no, he did not buy bitcoins:

http://m.quickmeme.com/img/32/328102029f7e4c98787343d58820601e0d24fb333207a7da24d3401fd2535ee6.jpg

[1Referee]

Only noobs panic.

People with at least some level of trading experience are having a good time now.

It might be the last chance to buy at these levels, don't miss it.

[rogerdonkey]

Only noobs panic.

People with at least some level of trading experience are having a good time now.

It might be the last chance to buy at these levels, don't miss it.

agree dont panic, its time to buy it now...

[lyth0s]

It did quite a bit more than just go from 15 to 1200 and back to the current 330's.

I've posted a similar thing a few times before, but I'll try to be a bit more concise here.

A look at bubble peak / correction bottom magnitudes in BTC. Numbers rough estimates:

2011: peak in the 30's, post-peak bottom: 6.25% of peak price.
2013: peak at 266, post-peak bottom: 15% of peak price.
2013-2014: peak at 1166. post-peak bottom: TBD

If the crash is as severe as in 2011, the bottom would be about 73 USD/BTC.
If the crash is as severe as in 2013, bubble 1, that would put the bottom at 175 USD.

If you assume bubble volatility is decreasing, you can do some  horrible overinterpretation of the two datapoints we have.

Assuming a linear decrease in volatility, comparing the known peak-to-bottom ratios, you would expect a bottom at 23.75% of peak. That's 277 USD.

Assuming the ratio itself changes as much this time as it did pefore, you'd expect a bottom at 36%, 420 USD. That expectation obviously has been invalidated.

Note: These are not predictions. Maybe interesting for post fact evaluation of overall market changes.
 

Thank you for your analysis. It'll be interesting if the low is truly in the high 200's.

[Melbustus]

It did quite a bit more than just go from 15 to 1200 and back to the current 330's.

I've posted a similar thing a few times before, but I'll try to be a bit more concise here.

A look at bubble peak / correction bottom magnitudes in BTC. Numbers rough estimates:

2011: peak in the 30's, post-peak bottom: 6.25% of peak price.
2013: peak at 266, post-peak bottom: 15% of peak price.
2013-2014: peak at 1166. post-peak bottom: TBD

If the crash is as severe as in 2011, the bottom would be about 73 USD/BTC.
If the crash is as severe as in 2013, bubble 1, that would put the bottom at 175 USD.

If you assume bubble volatility is decreasing, you can do some  horrible overinterpretation of the two datapoints we have.

Assuming a linear decrease in volatility, comparing the known peak-to-bottom ratios, you would expect a bottom at 23.75% of peak. That's 277 USD.

Assuming the ratio itself changes as much this time as it did pefore, you'd expect a bottom at 36%, 420 USD. That expectation obviously has been invalidated.

Note: These are not predictions. Maybe interesting for post fact evaluation of overall market changes.
 

I don't think the 2013 spring peak-to-trough number is correct. Specifically, it looks like you're using $40 as the post-$266 low, but IIRC, it never broke below $50.00.

[WhatsBitcoin]

Down, down, down. Thats all I ever see nowadays when I go to bitstamp.net.