No more rallies for a looong time

[inca]

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.

Really? Lol.

[jaberwock]

He means buying volume. That said, I think we are up from, here... more or less.

everytime someone sells, another one buys.


So the buying volume is equal the selling volume.

No idea what you meant

[fewcoins]

He means buying volume. That said, I think we are up from, here... more or less.

everytime someone sells, another one buys.


So the buying volume is equal the selling volume.

No idea what you meant

Yes, except most "sellers" don't really have btc but rather they're shorting it! So they need to buy back those bitcoins at some point... That's what will really make this thing rocket upwards

[wobber]

He means buying volume. That said, I think we are up from, here... more or less.

everytime someone sells, another one buys.


So the buying volume is equal the selling volume.

No idea what you meant

Yes, except most "sellers" don't really have btc but rather they're shorting it! So they need to buy back those bitcoins at some point... That's what will really make this thing rocket upwards

Yes. rockets... I have this magic globe and I can see it too.

[Supercrypt]

i think max we can see this year is 500$ per BTC
even it seems hard now

[PenAndPaper]

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.

I don't want to doubt your psychic abilities or to imply that your crystal ball isn't working but the trading volume was really high on mid Sept - mid Oct (maybe on a 6 month high). Does "bearwhale slaying" ring any bells?

[picolo]

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

I am confident we will see more than 400$ in the next 4months and probably before the end of the year, the market is volatile and there is a lot of selling going on but bulls will come back and bid the price up soon

[K128kevin2]

Volume seems to have been going up a lot and prices are still shifting a lot. Definitely still a lot of people trading. I am almost positive that you are incorrect to say that we will not see prices over $400 in the next 6-8 months. That seems like a very unreasonable prediction.

[SBradford]

Depends what is your definition of long time. For some it's an overnight for others it is a lifetime. Define your longtime? 6 months? 5 years ? 20 years? 50 years?

[ravenjt]

This market is volatile enough to see 400+ prices AND still be on a downward trend

[grimoir]

Depends what is your definition of long time. For some it's an overnight for others it is a lifetime. Define your longtime? 6 months? 5 years ? 20 years? 50 years?

i don't think he has got any idea what he is talking about. he is the kind of guy (legendary) who thought bitcoin will never reach $100 a coin back in 2010/2011.

[xybersurfer]

He means buying volume. That said, I think we are up from, here... more or less.

everytime someone sells, another one buys.


So the buying volume is equal the selling volume.

No idea what you meant

the difference is that some trades are:
- triggered by a buy
- the others are triggered by a sell

i think the first drives the price up and the second does the opposite

[djangocoin]

Doesn't it usually tank before a huge bubble? you know so they can buy back cheap en masse then sell high etc...

[kingscrown]

i have a feelign we will surpass 420 within next few days - fingers crossed

[wobber]

For me it seems too predictable to have a rally in november again so it won't happen. Preparing to sell at 370 and buy back lower (even 320 would do it).

[Tzupy]

For me it seems too predictable to have a rally in november again so it won't happen. Preparing to sell at 370 and buy back lower (even 320 would do it).

Um, my strategy would be different. If 420$ resistance won't be broken within about a week, prepare to buy below 250$.

[fewcoins]

For me it seems too predictable to have a rally in november again so it won't happen. Preparing to sell at 370 and buy back lower (even 320 would do it).

Um, my strategy would be different. If 420$ resistance won't be broken within about a week, prepare to buy below 250$.

Correct, 420 resistance will be a very important ceiling I hope we can break. If we only touch 400 then yes I would be very worried... but staying more or less at 350 isn't scary it's predictable.