Bitcoin is going to crash below zero

[afbitcoins]

Been ages since i posted here. An unfortunate loss of my password coupled with emails not coming through telling me the new one whenever I tried to change it has kept me locked out for months. Anyway after a moment of inspiration I suddenly remembered my password so here I am.

Thought I might aswell share my latest speculation on bitcoin price. In summary after the latest fall in price it looks pretty clear that the trend is still down, chart below shows Bitstamp data in US$ with 1 day candles.



On my log chart below, this is all fitting the picture I've had for some time now of a sideways, or slightly downwards consolidation. I still think the path shown by my arrows is likely kind of action. I first placed on that chart back in September when the price first fell into that channel and so far they have fitted the picture pretty well.



My feeling is that price trend is destined to eventually reverse back to the long term bullish trend probably where the bottom trendline lies. There will be more bitcoin bubbles in good time.

edit: I don't really think bitcoin will crash below zero, but that doesn't mean it couldn't

[afbitcoins]

P.S I blog my thoughts on bitcoin as well as gold and silver regularly. All visitors very welcome. Link in sig

[BTCjust]

I do not understand these two pictures, do you mean the price is going the bottom $257 and then the price reach $900 by rocket?

[fewcoins]

Glad you're back bro... Short term speculation & long term should now be kept separate. I like how you made two graphs. Near perfect lines.
Personally, I covered all my shorts yesterday at 345~ but there is no doubt we are still in a long term downtrend.
With that being said, that is how I made all my money in the stock market by buying during the crash when nobody wanted any stock & talked about the dollar/US collapse.
Turned out to all be a gimic like always, after thinking about this & calculating the accumilation, I nibbled a few coins up today over 300 of them @ approx. 350
If we somehow do get near 330 I will go full leverage since as of right now a break below 300 is impossible & bounce to 400 is likely.
Good luck to all! 

[afbitcoins]

I do not understand these two pictures, do you mean the price is going the bottom $257 and then the price reach $900 by rocket?

Both showing similar thing which is really just that we are still in a longish term down trend. The lower chart is similar but on a log price scale. As a long term perma bull I'm hoping bottom will be around that region where the bottom trendline is which is a long term bullish trend going back almost to the start of bitcoin.

I'm not really showing what happens after next, when rocket may take off, may post another chart later to show longer term bullish expectations.

[Omikifuse]

What means bitcoin crash below 0

Instead of you paying low for BTC, people will pay for you to buy their bitcoins?

[1Referee]

edit: I don't really think bitcoin will crash below zero, but that doesn't mean it couldn't

How will Bitcoin crash below zero, you have to explain this to me.

There is a huge difference in what people think will happen.

Bitcoin is so unpredictable, that it's nearly impossible to imagine what way it will go.

[redsn0w]

If the bitcoin price will drop to zero *surely* I will buy at least 100 BTC because I  believe in this new currency .

[Buffer Overflow]

Below zero?

[NotLambchop]

Below zero?

Yes
You will be fined for each coin you own, filthy Bitcoiner...



...and sent to the gulags for rehabilitation.

[sandykho47]

hahaha, below zero
That's 101% impossible 

do you mean you pay someone to buy your bitcoin ?

[keystroke]

Below zero?

Yes
You will be fined for each coin you own, filthy Bitcoiner...



...and sent to the gulags for rehabilitation.

First they have to find us all. I'll be sending the Bitcoin One out to securely evacuate all permabulls to the secret base.

[sandy47bt]

How can bitcoin price below zero ?
I doubt your brain is working

Below zero?

Yes
You will be fined for each coin you own, filthy Bitcoiner...



...and sent to the gulags for rehabilitation.

Hahaha, i just secure my wallet.dat / private key to small memory card and hide it carefully.
And nobody can find my bitcoin

[tspacepilot]

You're talking about a crash below zero (you say it could happen).  But that would mean you'd have to pay people to take your bitcoins.  That's seems quite unlikely to me.  Even if bitcoin hits zero (no one will pay you for them).  You can simply erase your bitcoin wallet for free---you don't have to pay anyone to get rid of them (which is what a below zero price would mean).

[Cassandra_PR]

.@sandy47bt; keystroke

Your trickery won't save you, Bitcoin criminal scum.
        YOU CAN NOT HIDE!
  http://s11.postimg.org/oo94hyl43/No_Hide_Night_Brit.jpg

[Dilla]

I don't think anyone caught on to the joke of "below zero" and took it literally.

[BillyBobZorton]

I don't think anyone caught on to the joke of "below zero" and took it literally.

What was the joke? I dont reckon having aspergers ..

[criptix]

crash below zero, does that mean people will actually pay me to take their bitcoin??

WTF I WANT CRASH BELOW ZERO NAOW

 

/edit

fuck i feel dumb, i shoulda have read the 20 post before me ._.

[redsn0w]

crash below zero, does that mean people will actually pay me to take their bitcoin??

WTF I WANT CRASH BELOW ZERO NAOW

 

If the price will crash to zero I will buy  a lot of bitcoin , that's sure.  I still believe in bitcoin and in its technology.

[arbitrage001]

crash below zero, does that mean people will actually pay me to take their bitcoin??

WTF I WANT CRASH BELOW ZERO NAOW

 

If the price will crash to zero I will buy  a lot of bitcoin , that's sure.  I still believe in bitcoin and in its technology.

Cost below zero means the owner needs to give you incentive/money to get the coin off their hand. Of course everyone will "buy" below 0.