wobber (OP)
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November 03, 2014, 02:41:02 AM |
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Remember when in May I said that there won't be any rally in the next few months? Now, seeing the price going down so much, I am CONFIDENT we won't see anything more than $400 in the next 6-8 months, even more. Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low. Nothing, but nothing is gonna happen. Thing is, I know people sell at a loss to get out but that's only going to put even more downward pressure on the price  |
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seleme
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Duelbits.com
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November 03, 2014, 02:51:48 AM |
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There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.
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Newbie1022
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November 03, 2014, 03:09:20 AM |
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He means buying volume. That said, I think we are up from, here... more or less.
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Nrcewker
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November 03, 2014, 05:10:24 AM |
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the end of this year would a explosion
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Ibian
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November 03, 2014, 05:14:55 AM |
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Yep. Whoever is keeping the price down has no reason to stop. On the upside, we can't go much lower from here either.
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Look inside yourself, and you will see that you are the bubble.
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fewcoins
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November 03, 2014, 05:58:46 AM |
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He means buying volume. That said, I think we are up from, here... more or less.
Basically... more or less  |
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SBradford
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November 03, 2014, 06:00:24 AM |
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Well you might be right, but what is 6 months in the big picture? In years and decades? It's nothing really.
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Nagle
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November 03, 2014, 08:15:43 AM |
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There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.
The number of transactions is up, but the total amount of the transactions is not. |
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thms
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November 03, 2014, 08:25:39 AM |
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Bitcoin is going to crash to below $50 in the first few weeks of 2015.
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Elwar
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Viva Ut Vivas
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November 03, 2014, 08:46:38 AM |
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The amount of despair I have seen lately tells me that it is a great time to buy.
I prefer hysteria...but a long period of despair is good too.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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adaseb
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November 03, 2014, 08:47:38 AM |
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No that is not true. There are rallies. and each and every rally that we had for almost the same 6 months was sold off.
I made some good money selling on rallies.
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spiderbrain
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November 03, 2014, 08:52:30 AM |
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I'm not convinced. At some point the low price will discourage new mining operations from starting, and the price will stabilise. That is a signal for an entry point for people who have been waiting for this downtrend to end before buying in. That said, I don't think we're going over 600 until the next reward halving, but bitcoin is, in general, entirely unpredictable, so who knows.
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zby
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November 03, 2014, 09:39:11 AM |
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What if a rally was just waiting for this thread?
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AceWallen
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November 03, 2014, 09:43:18 AM |
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On the upside, we can't go much lower from here either.
we can't? |
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seleme
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Duelbits.com
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November 03, 2014, 10:06:31 AM |
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There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.
The number of transactions is up, but the total amount of the transactions is not. He didn't say transactions but trading volume and last bottom at 275 had the biggest volume last 6-7 months. |
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JimboToronto
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You're never too old to think young.
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November 03, 2014, 10:11:22 AM |
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Whoever is keeping the price down has no reason to stop.
Other than running out of bitcoins to sell. |
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NotLambchop
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November 03, 2014, 10:17:06 AM |
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The amount of despair I have seen lately tells me that it is a great time to buy.
I prefer hysteria...but a long period of despair is good too.
Less talk. More buying. Problem solved. |
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cinder
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November 03, 2014, 10:20:58 AM |
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Remember when in May I said that there won't be any rally in the next few months? Now, seeing the price going down so much, I am CONFIDENT we won't see anything more than $400 in the next 6-8 months, even more. Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low. Nothing, but nothing is gonna happen. Thing is, I know people sell at a loss to get out but that's only going to put even more downward pressure on the price Rally only comes when you least expected it. The condition for rally is actually quite high as the supply will start going down due to negative profit. |
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EFS
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Crypto Swap Exchange
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November 03, 2014, 10:21:32 AM |
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I love these type of threads. If we can see more threads like this, then we can say the time has come. We only need a few more weeks/months.
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wobber (OP)
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November 03, 2014, 10:27:32 AM |
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I love these type of threads. If we can see more threads like this, then we can say the time has come. We only need a few more weeks/months.
But you won't see any. Almost everyone still thinks 10,000 per BTC by the end of the year. |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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