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Author Topic: BITCOIN is going DOWN  (Read 3625 times)
rememberme (OP)
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January 13, 2015, 10:39:35 AM
 #1

Guys guys!! what is the floor?

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mayax
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January 13, 2015, 10:49:05 AM
 #2

yes. it will go under 150 USD very soon. many people are selling, they are sick of hacking and other similar stories.

Also, the average people cannot mine anymore so Bitcoin becomes drab.
PolyCoin-Team
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January 13, 2015, 10:50:30 AM
 #3

$230 at the moment.

mayax
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January 13, 2015, 11:07:08 AM
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The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD
newIndia
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January 13, 2015, 11:10:18 AM
 #5

Guys guys!! what is the floor?

40 USD is the floor.

viriat0
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January 13, 2015, 11:11:47 AM
 #6

30$ Buy thousands! Smiley
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January 13, 2015, 11:12:32 AM
 #7

Current average at $233.58.

Great.
Getting ready to buy.

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lihuajkl
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January 13, 2015, 11:13:47 AM
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The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD
i don't think the fake transactions have any impact on the price of it! They r just trying competing with each other with the trading volume!
yaswanthnlr
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January 13, 2015, 11:25:07 AM
 #9

Current TODAY'S LOW$227.79
mayax
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January 13, 2015, 11:26:10 AM
 #10

The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD
i don't think the fake transactions have any impact on the price of it! They r just trying competing with each other with the trading volume!

Many transactions = people are interested in Bitcoin and they keep buying
Few transactions = no interest in Bitcoin and they are selling

It is like a fire. you have to put some wood in it if you want to keep burning. The wood is the fake transactions.

Imagine that the exchangers will show the real transactions. 1/10 from what it is now. The people will be no longer interested about this business.
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January 13, 2015, 11:26:30 AM
 #11

It's going down alright. 40 bucks drop in just 24 hours period. Amazing.

Naruto.me
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January 13, 2015, 11:27:52 AM
 #12

Guys guys!! what is the floor?
I think the floor is 200 ............... For today only Grin
BTCevo
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January 13, 2015, 11:30:19 AM
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I will be buying today if price goes below $200 for sure! Bargain time!
mayax
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January 13, 2015, 11:31:47 AM
 #14

I am very curious when the big exchangers will start selling their Bitcoin.

Example: Bitstamp or Bitfinex cannot stay and waiting how the price is falling. They have a lot of BTC which will worth "dust" soon if they do not exchange now. They will have to sell to each other  Grin
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January 13, 2015, 11:40:33 AM
 #15

I will be buying today if price goes below $200 for sure! Bargain time!

i think as you
i will buy 2 bitcoin if we will see prize which under 200 dolar..
it has some risk but i think i should buy...
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January 13, 2015, 11:44:10 AM
 #16

Guys guys!! what is the floor?

40 USD is the floor.

What Shocked where you got that number from , It will never drop that much , never .
what could possibly make it drop to that price

flipstyle
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January 13, 2015, 11:50:33 AM
 #17

Guys guys!! what is the floor?

40 USD is the floor.

What Shocked where you got that number from , It will never drop that much , never .
what could possibly make it drop to that price

Right.  Just like it couldn't drop to 500 when it was 700.  Or it was impossible to drop to 400 when it was 500.  

The indicators, trade volume, and trends all point to a huge price crash.  Breaking 200 resistance would be both a gigantic blow to the market physically and psychologically.  It's already to the point miners are losing money.

Hell, the fact it breeched its previous low of $250 is significant.  

Will be interesting to see where this long downtrend eventually goes.  I'm hesitant to buy in just a bit, but I think I'm going to wait.  Feels like a huge trap right now, and the only ones making money are the daytraders shorting every 5 minutes.
mayax
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January 13, 2015, 11:50:56 AM
 #18

Guys guys!! what is the floor?

40 USD is the floor.

What Shocked where you got that number from , It will never drop that much , never .
what could possibly make it drop to that price

According to Bitcoin.org, the price of a bitcoin is determined by supply and demand. In reality, the price is set by the big exchangers (4-5).

But they will forced to cut the price down in the end. Now, the people are selling and the exchangers will have to sell too. This moment it will be so funny. We will see how large amount of BTC is moved from other to each other until one of them will remain with the loss. Smiley)
ujka
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January 13, 2015, 11:53:18 AM
 #19

The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD
You thing there must be fake transactions for that trading volume? Chinese exchanges operate with 0% trading fee, traders there are using that for high frequency trading on smallest move. That is generating tons of volume.
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January 13, 2015, 11:55:51 AM
 #20

Guys guys!! what is the floor?

40 USD is the floor.

What Shocked where you got that number from , It will never drop that much , never .
what could possibly make it drop to that price

According to Bitcoin.org, the price of a bitcoin is determined by supply and demand. In reality, the price is set by the big exchangers (4-5).

But they will forced to cut the price down in the end. Now, the people are selling and the exchangers will have to sell too. This moment it will be so funny. We will see how large amount of BTC is moved from other to each other until one of them will remain with the loss. Smiley)


Exchangers sells to who exactly ? since they are manipulating the price ...if they bought when the price was about 300$ for example , what they are going to earn if they sell it for lower price now like ~235$ , It wouldn't make sense if they are losing money instead of earning money to be honest
shouldn't they inscrease the price so they earn more ? or they manipulate it and make it lower so they buy a lot of BTC and sells after

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