Prepare for a new big drop.

[kwukduck]

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!

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[Chef Ramsay]

There could be a drop back into the mid-200s in the next few days/weeks yet that's where the area where traders and bulls are looking to scoop up heavy so it's unlikely to go below the trendline. And from there, the next bull market of galaxy potential could be lifted off at.

[Dilla]

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

[Dilla]

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.

[ask]

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

[Parazyd]

There's simply too many people who will buy at ~250-280, don't expect a lower drop than that. If somehow we go below, don't expect it to last long and grab your cheap coins.

[ivyleague1985]

The drop towards $200s has been talked over and over by people on this forum, so don't even dream it to come.

Only panic sale can trigger massive price drop, but do you feel any panic or fear among people when they are talking about $200s? At least I don't.

[carlosiness]

thumbs up for old good prices

[finnile]

There's simply too many people who will buy at ~250-280, don't expect a lower drop than that. If somehow we go below, don't expect it to last long and grab your cheap coins.

I think one factor that effects that is how fast the drop happens. I remmeber, when the price was around 450, then people used to say if it would go to 300, then they would buy 50K worth of bitcoins. But the drop was happening really fast, and a lot of them didn't. However the high 200 , and the low 300 does look like a stable bottom for now.

[magicmexican]

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.

Thats just my opinion, but if it would break 275$ i wouldnt go full retard buying it at that price, it would most likely go to the lower end of 2xx range

[Meuh6879]

Now that the holidays are over and demand is lower than ever

Yes and it's a good thing to "view" the low level ... long term life economies can project on good futur.



and ... like you see, big UP on the red line (normally ?). 

[jertsy]

There's simply too many people who will buy at ~250-280, don't expect a lower drop than that. If somehow we go below, don't expect it to last long and grab your cheap coins.

I think one factor that effects that is how fast the drop happens. I remmeber, when the price was around 450, then people used to say if it would go to 300, then they would buy 50K worth of bitcoins. But the drop was happening really fast, and a lot of them didn't. However the high 200 , and the low 300 does look like a stable bottom for now.

I remember people talking like that in September.

The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.

[phlogistonq]

I think one factor that effects that is how fast the drop happens. I remmeber, when the price was around 450, then people used to say if it would go to 300, then they would buy 50K worth of bitcoins. But the drop was happening really fast, and a lot of them didn't. However the high 200 , and the low 300 does look like a stable bottom for now.

Rate of change definately plays a role, but IMO the reverse one.
If the drop happens rapidly, it is likely to be a panic-driven selloff that quickly rebounds = instant profit for those that buy the dip.
If, however, it happens slowly (like the current trend), it reflects people slowly losing faith and I would hesitate to buy at any level until there is some clear indication of a trend reversal.

[mlferro]

I think one factor that effects that is how fast the drop happens. I remmeber, when the price was around 450, then people used to say if it would go to 300, then they would buy 50K worth of bitcoins. But the drop was happening really fast, and a lot of them didn't. However the high 200 , and the low 300 does look like a stable bottom for now.

Rate of change definately plays a role, but IMO the reverse one.
If the drop happens rapidly, it is likely to be a panic-driven selloff that quickly rebounds = instant profit for those that buy the dip.
If, however, it happens slowly (like the current trend), it reflects people slowly losing faith and I would hesitate to buy at any level until there is some clear indication of a trend reversal.

makes sense!
but thinking in the current conjecture, which would be a rapid drop?  which would be a slow drop?

what is the reference for measured the drop?

[thms]

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.

Correct time to enter is when 1 BTC= $100. You could make almost 3x more.

[Rawted]

Double digits this year.

[cbeast]

Double digits this year.

You keep saying that, but then why not single digits?

[Pastafarian]

Wherever it goes, I'm a buyer 

[johnyj]

Almost everyone who want to sell have already sold, now the only sell pressure comes from daily coin generation, and since many profit oriented mining operations are going to shut down, the mining will shift to home miners, who are the backbone of bitcoin ecosystem. A true bitcoin miner never sell more than 10% of his coins in 5 years period

[cbeast]

A true bitcoin miner never sell more than 10% of his coins in 5 years period

This is year six coming up. A lot of mining was done the first year.