Sub $100 in spite of good news?

[altcoin hitler]

I was reading the forums months ago when people were scoffing at the mere suggestion 'what if' bitcoin drops to 100 or less but now that it's made it to 100s already and even briefly jumping into the 300 before dropping back down to the mid 200s, resisting good news, isn't it realistic at this point to consider it very well can drop to 100 or below? If it's not reasonable please offer reasons why it just can't. Thanks.

The bump up from ~200 to 300 was a fast 50% gain, and those types of profits are very exciting for traders. Many people know that BTC is already over-sold, so smart money is buying and holding, not anticipating even lower levels.

how do you determine it being oversold?

[YourNewGod]

This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.

pipedreams and buying on hopium, hype, promises

-> doing it wrong

Nuttin' wong with hopium

[altcoin hitler]

This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.

pipedreams and buying on hopium, hype, promises

-> doing it wrong

Nuttin' wong with hopium

Better than nuttin, right.
People need something to believe in, true.

[hodlmybtc]

This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.

pipedreams and buying on hopium, hype, promises

-> doing it wrong

Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?

If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.

Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.

[YourNewGod]

This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.

pipedreams and buying on hopium, hype, promises

-> doing it wrong

Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?

If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.

Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.

Heard of whales using bots? lol.

[Amph]

stop dreaming about sub 100, not gonna happen, to much buy pressure there, sub 200 is tough enough, we are staying here for a while

[altcoin hitler]

Heard of whales using bots? lol.

Whale-miners dumping equally all over the market with bots? 2.5 BTC every 60 seconds ...  Sure possible. Most likely true.

[altcoin hitler]

Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?

If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.

Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.

oooh. A sour 'hodlmybtc'.


I'm not hoping for sub 100$, i know it's inevitable most likely. All 3600 coins are sold daily - on average. More coins have been mined in the past that also maybe need to dump at one point.

why is it repeated so much? Maybe because it's a major marketforce (the supply)?

Sure, pump and dump volume is impressive. What's the point of that?

you keep 'hodlyourbitcoin' and maybe go for some fresh air in case it's too much for you. Remember: price isn't important for a true believer.

I maybe really need to quit the forum as only brainless people seem to be here now and everyone who isn't a bull is suspected to be a paid shill and insulted for being spot on.

I feel much better since i have let go of the bull on the 5th of january. And suddenly i make bitcoin while being in pain for so long.... you need to capitulate and be desperate before we can move up again. You're still in denial stage.

[Xiaoxiao]

What don't you understand?  What a lot of you perceive as "good news" is nothing but news.  They are events that occur as a result of the financial shockwaves caused by bitcoin.

[altcoin hitler]

What don't you understand?  What a lot of you perceive as "good news" is nothing but news.  They are events that occur as a result of the financial shockwaves caused by bitcoin.

Market is much too sensible to 'news' in general. It's all bullshit. Why would anyone want a news-driven market? So the media can dictate the price? I think volatility cause by 'news' is pretty annoying.

It litters my TA. News is noise in the charts.

[MatTheCat]

What don't you understand?  What a lot of you perceive as "good news" is nothing but news.  They are events that occur as a result of the financial shockwaves caused by bitcoin.

Market is much too sensible to 'news' in general. It's all bullshit. Why would anyone want a news-driven market? So the media can dictate the price? I think volatility cause by 'news' is pretty annoying.

It litters my TA. News is noise in the charts.

News is fucking bullshit 99% of the time.

Zum Beispiel: http://www.cnbc.com/id/101311601

[pooya87]

i seriously doubt if the price can reach 100$ ish now or at least in near future, it might drop a little before going up though

[YourNewGod]

I was reading the forums months ago when people were scoffing at the mere suggestion 'what if' bitcoin drops to 100 or less but now that it's made it to 100s already and even briefly jumping into the 300 before dropping back down to the mid 200s, resisting good news, isn't it realistic at this point to consider it very well can drop to 100 or below? If it's not reasonable please offer reasons why it just can't. Thanks.

The bump up from ~200 to 300 was a fast 50% gain, and those types of profits are very exciting for traders. Many people know that BTC is already over-sold, so smart money is buying and holding, not anticipating even lower levels.

Exactly.

I expect to see it around $200 after this dump.

It's a good guess but it'll most likely go down to the 220s and then ramp back up to the 300 territory before retracing back to a consolidation point, like 260ish.

i think could be corrrect. I'd expect it to bounce around in the 200$-range for weeks and months to come. We're lucky if it doesn't dip into 100$-range. Being stable in 300$-range is out of sight.

My "guess" is based on research.
I can see it staying in 200ish range for 2-3 weeks, then moon.

I'm calling it. Keep watching

[fonzie]

But but,

bank of america said that 1300$ is the real price of Bitcoin. 

http://www.forbes.com/sites/kashmirhill/2013/12/05/bank-of-america-analysts-say-bitcoins-value-is-1300/

[inca]

Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?

If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.

Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.

oooh. A sour 'hodlmybtc'.


I'm not hoping for sub 100$, i know it's inevitable most likely. All 3600 coins are sold daily - on average. More coins have been mined in the past that also maybe need to dump at one point.

why is it repeated so much? Maybe because it's a major marketforce (the supply)?

Sure, pump and dump volume is impressive. What's the point of that?

you keep 'hodlyourbitcoin' and maybe go for some fresh air in case it's too much for you. Remember: price isn't important for a true believer.

I maybe really need to quit the forum as only brainless people seem to be here now and everyone who isn't a bull is suspected to be a paid shill and insulted for being spot on.

I feel much better since i have let go of the bull on the 5th of january. And suddenly i make bitcoin while being in pain for so long.... you need to capitulate and be desperate before we can move up again. You're still in denial stage.

If 3600 coins being produced per day is bearish, why was 7200 coins per day bullish?

Oh and I buy coins each month no matter the price. If there are less than ten thousand people like me around the world that will suck up all coin supply at these prices..

Of course next year it becomes 1800 coins a day. Only 5000 people buying around the world monthly to support the price..and that excludes paupers and the rich.

Price may weaken, sure, but buying in a halving range with an exponentially decreasing coin inflation rate is a bit like buying bonds in the knowledge of progressive future interest rate falls.

Hint: look up the relationship of bond prices to interest rates..

The problem with this forum is it populated by short term traders using technical analysis, but ignoring the much bigger picture.

[g-unit]

Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?

If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.

Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.

oooh. A sour 'hodlmybtc'.


I'm not hoping for sub 100$, i know it's inevitable most likely. All 3600 coins are sold daily - on average. More coins have been mined in the past that also maybe need to dump at one point.

why is it repeated so much? Maybe because it's a major marketforce (the supply)?

Sure, pump and dump volume is impressive. What's the point of that?

you keep 'hodlyourbitcoin' and maybe go for some fresh air in case it's too much for you. Remember: price isn't important for a true believer.

I maybe really need to quit the forum as only brainless people seem to be here now and everyone who isn't a bull is suspected to be a paid shill and insulted for being spot on.

I feel much better since i have let go of the bull on the 5th of january. And suddenly i make bitcoin while being in pain for so long.... you need to capitulate and be desperate before we can move up again. You're still in denial stage.

If 3600 coins being produced per day is bearish, why was 7200 coins per day bullish?

Oh and I buy coins each month no matter the price. If there are less than ten thousand people like me around the world that will suck up all coin supply at these prices..

Of course next year it becomes 1800 coins a day. Only 5000 people buying around the world monthly to support the price..and that excludes paupers and the rich.

Price may weaken, sure, but buying in a halving range with an exponentially decreasing coin inflation rate is a bit like buying bonds in the knowledge of progressive future interest rate falls.

Hint: look up the relationship of bond prices to interest rates..

The problem with this forum is it populated by short term traders using technical analysis, but ignoring the much bigger picture.

I agree. Too many people are looking to "get rich quick" so they cry when they can't cash out without losing money.

[rosh]

Heard of whales using bots? lol.

Whale-miners dumping equally all over the market with bots? 2.5 BTC every 60 seconds ...  Sure possible. Most likely true.

What do they gain by doing this?