Prepare for a new big drop.

[resya]

We might see a drop at the double bottom of upper 200s, but will be a brief visit.

If we go to $275 I will go 100% fiat-to-Bitcoin.

I doubt we get there though.

You and me both, and probably a lot of others.

So current price is the bottom

I think btc new big drop is pure troll, if you dont buy this time you will be so sorry, thats all that matters. this is the 2014 low, buy now or lose another year of your life

[1713991977]

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[Amph]

never seen double big drop in a row, it won't happen, we are staying at current value for a long time

[panju1]

never seen double big drop in a row, it won't happen, we are staying at current value for a long time

I hope we do that... until the next bull run in anticipation of the block reward halving.

[screwUdriver]

what many dumbos in here don't realize:
if it breaks below 280$ now for much longer than half a day it's finito, done with, over, byby - all your dreams will be crushed in that case and bitcoin back to 5$ because the longterm bulltrend to which everyone is pointing all the time would be broken, a new bearmarket on the super-trend would start and we'd likely end up sub 1$ prices.

We're dangerously close to that trendline. It'll be one epic panic if we break that. If it doesn't bounce now you can burry your pipedreams.

I would somewhat doubt we will see sub $1 bitcoin as there are probably not enough people willing to sell at lower levels and enough people willing to buy at sub $200 and sub $100 levels. I do agree that sub $280 will probably mean a further >$50 drop at least

[sgk]

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

[inca]

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

You and everyone else. Hence the price isn't budging

[fearlesscat10]

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

You and everyone else. Hence the price isn't budging

So it'd be a good time to buy now before the 2015 high?

[asdlolciterquit]

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

this make sense to me.

Few people thinks the same, man...i see a lot of thread talking about this bull run coming. Are they trying to convince us or themself?

[Silverspoon]

Are they trying to convince us or themself?

Both.  I see those fanatics starving in their trenches, quarreling with rats for the remnants of their rotting, half-eaten comrades & dreaming of world domination.

[arieq]

Bitcoin is embarassing at this point.. I can't even tell people about it, it's just a stagnant waste-land... If I haven't been sitting in fiat for weeks now I'd be really annoyed.

[screwUdriver]

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

That would probably actually be the worst price to buy at. If we break through the $300 level then we will most likely see a significant drop below that. It would probably be wise to wait some period of time to see how far the price falls before buying sub 300

[gog1]

looks like the Chinese market is leading the sell off this time

[twiifm]

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

That would probably actually be the worst price to buy at. If we break through the $300 level then we will most likely see a significant drop below that. It would probably be wise to wait some period of time to see how far the price falls before buying sub 300

Bottom fishing can be dangerous if you don't set hard stops.  I don't reccomend if unless you have trading ecperience

[kingscrown]

drop is here!

[sgk]

drop is here!

Let it drop! Waiting to buy lower!

[Nikinger]

2011 disaster is repeating. Recovery is possible but it's unsure if it will ever recover, maybe it's stepping now in the path of the Second Life bubble which never recovered.

[kwukduck]

IT HAS BEGUN.

This is the last week you'll be able to sell btc for 300 USD.
Get out before total collapse! There will be no recovery!

[Tzupy]

IT HAS BEGUN.

This is the last week you'll be able to sell btc for 300 USD.
Get out before total collapse! There will be no recovery!

Oh, come on, "total collapse"? The bubble continues to deflate, at some point there should be be a true recovery.
But it's possible to be the last week with price above 300$ for several months.

[inca]

2011 disaster is repeating. Recovery is possible but it's unsure if it will ever recover, maybe it's stepping now in the path of the Second Life bubble which never recovered.

Disaster? Lets see where we are in a few months. There are a lot of people dying to buy bitcoin on this forum. Hint: everyone bashing it.

[Net5kY]

IT HAS BEGUN.

This is the last week you'll be able to sell btc for 300 USD.
Get out before total collapse! There will be no recovery!

It's not funny..