If it goes to $275, are you going to keep faith or just give up save the little.

[gjgjg]

Please enlight me.

The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.

It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.

But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.

Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.

[AGD]

Please enlight me.

The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.

It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.

But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.

Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.

Thats correct, but where is the statistic that says, that most (or at least alot of) people think that 275 is a "magic" number? Link?

[Flashman]

To all those who think the sky is falling, aka chicken littles, aka fairweather friends, SELL IT ALL BEFORE YOU LOSE YOUR HOMES!!!!! then GTFO, leave this to the adults, kthxbye.

[solomon]

I add on news, not price. I think bitlicence will be crucial

[gjgjg]

Please enlight me.

The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.

It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.

But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.

Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.

Thats correct, but where is the statistic that says, that most (or at least alot of) people think that 275 is a "magic" number? Link?

Im not supporting 275, I could come up with a technical reason or maybe its an average mid/long term buyer price or something, I dont know.
My own 'down trend alarm' is 50$.

[cryyptc]

Please enlight me.

The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.

It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.

But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.

Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.

Thats correct, but where is the statistic that says, that most (or at least alot of) people think that 275 is a "magic" number? Link?

i made it up/\ didn't it not touch $275 and springboard last time?  :\   hmmm

[cryyptc]

Why exactly 275$? Will OP as the same question with another number anytime the price changes?
 (If it goes to 250$..., If it goes to 1$..., if it goes to 100000$....)

What is so fraggin interesting about what the people do when the price hits 275?

Looks like you don't really understand how the market works  

On the market, that I understand, I bought some BTC for less than 100$/BTC and sold a few for 800$ (could have been 1200$) and invested some for 500$. Now I make some BTC on a regular basis, without doing anything. I don't mind if the price is 275. I would maybe start buying below 200 or even less.
Looks like you can easily explain why 275$ is such an important number. Please enlight me.

/\retracement if it holds $275 and skyrockets..it might have a fighting chance. As it stands now it looks like there exists systemic fraud all over the place....stay tuned ! 

Same if it goes to 250 and then skyrocket. We are already at a level where miners shut down due to unprofitability, so in the long run the price of BTC correlates with the production cost.

the whole competitive mining scheme with bitcoin is wasteful... if bitcoin people were highly organized they would waste less energy worldwide.    ~this is a fact

[AGD]

Please enlight me.

The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.

It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.

But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.

Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.

Thats correct, but where is the statistic that says, that most (or at least alot of) people think that 275 is a "magic" number? Link?

i made it up/\ didn't it not touch $275 and springboard last time?  :\   hmmm

"Last time" does not necessarily mean, that it will happen "next time"

[Q7]

I've already have my place in place. 
Buy at 250, further buy order place at 200 and another one steady at 150. Let's see how far down the price can go. I've prepared the fund in anticipation for the drop.

[Flashman]

I add on news, not price. I think bitlicence will be crucial

It's looking a lot more reasonable now.

[Atdhe]

Please enlight me.

The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.

It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.

But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.

Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.

Thats correct, but where is the statistic that says, that most (or at least alot of) people think that 275 is a "magic" number? Link?

The link is this thread, because now everyone who read this will have the stupid number 275 in his head.

However, as I said, for me the turning point are fundamental factors. This is why i started to buy at 360-375 and I will continue. The pivotal point for me is that with recent prices some people stop mining. It would seem it does not change a lot, because still the 3K+ btc go to market every day, but I think that the bigger miners can at least change the pace of inflow.

And that might be enough, because there are still money from paper economy flowing into btc. Now even bankers noticed bitcoin and they do not refuse it, they just say one day, maybe... it is big news. Change of trend might change of downtrend to another hype and that hype might go quite high. Especially if the money from ripple will flow back into btc... I mean if ripple is useless it will cause not ripple but huge wave that will help btc one day. But it is also possible that ripple will suck blood from btc. Who knows. But I agree that under those circumstances to think about some 275 number is a bit silly.

[Flashman]

Especially if the money from ripple will flow back into btc...

Yah, ripple is looking shaky lately, depends how long the VCs are willing to keep it on life support I guess.

[Lauda]

If it ever drops back to $1 I'm selling all that I own (except a big cardboard box (coated), in which I will live for the next few years) and buying Bitcoin.
I don't really care about the price drops, they don't make me nervous or anything, just eager to get more.

[cryyptc]

Please enlight me.

The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.

It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.

But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.

Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.

Thats correct, but where is the statistic that says, that most (or at least alot of) people think that 275 is a "magic" number? Link?

i made it up/\ didn't it not touch $275 and springboard last time?  :\   hmmm

"Last time" does not necessarily mean, that it will happen "next time"

retracement wat? ~ you are talking to a chartist with over 7 years experience... i know NOTHING!    /\rotflmfao

[jsgayo]

keep faith .wait and wait

[Aemon]

I'll keep saving.  I am going to give it another whole year at the very least.  If it goes up, great, if it doesn't, it isn't the end of the world I am not investing much into Bitcoin that it will completely bankrupt me.

[cryyptc]

keep faith .wait and wait

faith in what? :  mtgox, inputs.io, dooglus, ripple,,, errr shitcoin 2.0 ? lmfao ...please elaborate what we are "waiting" on!

[reRaise]

There is too much downward pressure from miners dumping and too little capital to hold it, the next halving in 2016 will help since less dumping by miners will happen and bitcoins network effect has grown much more with more capital flowing into the network. From here i can see the upward pressure more powerful than the downward.

[Flashman]

faith in what? :  mtgox, inputs.io, dooglus, ripple,,, errr shitcoin 2.0 ? lmfao ...please elaborate what we are "waiting" on!

Is that all you got? http://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_%282008%E2%80%93present%29

[cryyptc]

faith in what? :  mtgox, inputs.io, dooglus, ripple,,, errr shitcoin 2.0 ? lmfao ...please elaborate what we are "waiting" on!

Is that all you got? http://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_%282008%E2%80%93present%29

/\how did the big banks "fail"~ they got all the taxpayers money from the bailout!! muuahahah




LOOK AT NUMBER #22 i moderated that thread!!!!..prolly still own some PFF "coins" Lols