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keystroke (OP)
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December 18, 2014, 06:53:13 PM |
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I think we might have to break down below the ATH of early 2013 for a bit. It won't be pretty and it will certainly cause a lot of pain -- pain by design. Markets can be nasty. Good luck and hold on tight. If we can go down there and then come back up it will prove we are an unstoppable force, ready for anything. I will be buying around $266 if we get there.
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"The difference between a castle and a prison is only a question of who holds the keys."
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Luckylui
Full Member
 Offline
Activity: 154
Merit: 100
STILL MISSING MY 12 BTC FROM SCAMOOLAHPAL! >:O
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December 18, 2014, 06:54:05 PM |
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I think we might have to break down below the ATH of early 2013 for a bit. It won't be pretty and it will certainly cause a lot of pain -- pain by design. Markets can be nasty. Good luck and hold on tight. If we can go down there and then come back up it will prove we are an unstoppable force, ready for anything. I will be buying around $266 if we get there.
I shall be waiting!  |
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Luckylui
Full Member
Offline
Activity: 154
Merit: 100
STILL MISSING MY 12 BTC FROM SCAMOOLAHPAL! >:O
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December 18, 2014, 07:02:21 PM |
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I am still hurting from Moola scam  I wish I got them back!! |
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unent
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December 18, 2014, 07:19:49 PM |
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The TA crowd won't be happy until we break down below the ATH of early 2013. It might be a self fulfilling prophecy that we go down that far.
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keystroke (OP)
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December 18, 2014, 07:39:00 PM |
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Exactly. Might be a grind down over the next month or so. Markets need to be brutal like this. Only the strong survive and all that.
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"The difference between a castle and a prison is only a question of who holds the keys."
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ravenjt
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December 18, 2014, 07:42:29 PM |
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Surely the strong sold out at 1,000 a year ago and will quadruple their btc when they buy back in at 266
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FatherBob
Member
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Activity: 69
Merit: 10
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December 18, 2014, 07:56:59 PM |
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...Markets need to be brutal like this...
It's only doing this because it loves you. |
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keystroke (OP)
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December 18, 2014, 08:28:50 PM |
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Surely the strong sold out at 1,000 a year ago and will quadruple their btc when they buy back in at 266
The strong already have a large amount of their net worth in BTC so it makes sense to stay diversified. They might get back a little just for the thrill of it though. |
"The difference between a castle and a prison is only a question of who holds the keys."
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leopard2
Legendary
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Activity: 1372
Merit: 1014
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December 18, 2014, 11:11:35 PM |
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Yes it can break 266 and go to 200ish, so that is a good buying range; I doubt that large investors will cash out - just not enough alternatives - so money will remain in exchanges and used for buying back at low prices.
I am more worried about industrial miners and governments.
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Truth is the new hatespeech.
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criptix
Legendary
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Activity: 2464
Merit: 1145
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December 18, 2014, 11:13:34 PM |
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if we break 270 it will be huge, because btc never went down the previous ath. i can already see all the people pressing sell until we reach 1xx. but i believe 270 with hold  |
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Dilla
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December 18, 2014, 11:14:56 PM |
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I am constantly checking and have my fiat ready for the $200's range. Will be exciting to see how low it will go.
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leopard2
Legendary
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Activity: 1372
Merit: 1014
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December 18, 2014, 11:20:28 PM |
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the thing to keep in mind is that lots of people wait for lower prices
at the same time, large BTC owners cannot simply take the cash out; most exchanges will ask too many questions; if you owned 10 000 coins which exchange would you trust so many coins and $$$? Especially in a crash scenario?
See the issue?
And then withdraw to which bank account? Questions, taxes, closed accounts ... No, I believe large investors will either not sell or sell and re-invest.
Small fish like us cannot move the market.
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Truth is the new hatespeech.
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goldsun
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December 18, 2014, 11:23:27 PM |
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I think we might have to break down below the ATH of early 2013 for a bit. It won't be pretty and it will certainly cause a lot of pain -- pain by design. Markets can be nasty. Good luck and hold on tight. If we can go down there and then come back up it will prove we are an unstoppable force, ready for anything. I will be buying around $266 if we get there.
Ready for anything, really? What will you say once we get into the same position as now, but maybe in another price range? I am not sure if it's just gowing down and then come back up and be ready for anything. It will take something more than just that. People said once merchants starts to accept bitcoin, the price will rise. So many merchants that are accepting bitcoin now, and the price is still falling. It wasn't like this when there wasn't many merchants around. |
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unent
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December 19, 2014, 12:16:56 AM |
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the thing to keep in mind is that lots of people wait for lower prices
at the same time, large BTC owners cannot simply take the cash out; most exchanges will ask too many questions; if you owned 10 000 coins which exchange would you trust so many coins and $$$? Especially in a crash scenario?
See the issue?
And then withdraw to which bank account? Questions, taxes, closed accounts ... No, I believe large investors will either not sell or sell and re-invest.
Small fish like us cannot move the market.
Before last Christmas there were far fewer exchanges for the whales to cash out from, and people were already mistrusting Mt Gox. Now the whales can cash out far more and probably do not mind answering a few questions and paying taxes. If the price crashes further they may well reinvest some cash but they may also withdraw a large chunk of cash. |
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keystroke (OP)
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January 04, 2015, 08:49:58 PM |
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Looks like it is happening. |
"The difference between a castle and a prison is only a question of who holds the keys."
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samson
Legendary
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Activity: 2097
Merit: 1068
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January 04, 2015, 08:52:47 PM |
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Looks like it is happening. It sure is |
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keystroke (OP)
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January 04, 2015, 09:48:36 PM |
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I've now bought back a total of about 2/3 of what I had sold around $1,100.
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"The difference between a castle and a prison is only a question of who holds the keys."
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BitCoinNutJob
Legendary
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Activity: 1316
Merit: 1000
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January 04, 2015, 09:52:32 PM |
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I've now bought back a total of about 2/3 of what I had sold around $1,100.
Sick trading skills dude, you must of made a ton. Cant say i was as lucky as you, mtgox messed up my buy in strategy on the way back down for the most part. |
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picolo
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January 04, 2015, 09:57:05 PM |
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I think we might have to break down below the ATH of early 2013 for a bit. It won't be pretty and it will certainly cause a lot of pain -- pain by design. Markets can be nasty. Good luck and hold on tight. If we can go down there and then come back up it will prove we are an unstoppable force, ready for anything. I will be buying around $266 if we get there.
Good call, we went all the way down to 255$ and it might not be over. |
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applesRyummy
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January 05, 2015, 01:52:33 AM |
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Yes it can break 266 and go to 200ish, so that is a good buying range; I doubt that large investors will cash out - just not enough alternatives - so money will remain in exchanges and used for buying back at low prices.
I am more worried about industrial miners and governments.
I would not be surprised that we do go to ~200 if the price falls below ~266. However that is a very big if. The ~260 level appears to be a new resistance, at least in the short term |
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