Bitcoin Price Crashes; $200 Next?

[alani123]

After an impressive rise during the Coinbase euphoria, bitcoin price didn’t manage to remain near the reached peak levels. Although Bitfinex BTC/USD climbed up to $314 a bearish bias has started haunting the bitcoin price  once again. In the meantime, the 24 hour trading volume dropped by about 100.000 BTC

Source:
http://newsbtc.com/2015/01/29/bitcoin-price-crashes-200-next/

What do you think? Who'll win tomorrow's battle? Bears or Bulls?

[1714973678]

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[damiano]

Looks like bears are on vacation

[cesckat]

Wall Observer is your topic 
https://bitcointalk.org/index.php?topic=178336.0

Now there are some walls on bitfinex, we'll see

[thresher]

Looks like bears are on vacation

Bears aren't on vacation, they just wait for people to feel secure and then dump in big chunks, causing those same people who felt secure to dump more.  Happens everyday.

[Pecunia non olet]

Looks like bears are on vacation

nah, just waiting for the buyers to be exhausted for the dump - maybe everyone gets warm and running and we'll get a better price. So waiting with the dump can pay off but doesn't look so much like anyone would be brave enough to pump it right now. Pumps are always welcome.

[yayayo]

I don't think it will crash back to 200 again. There's simply too much positive news at the moment.

Regardless we will have to wait a few more months before a new uptrend may be established imho... certainly there will be more BTC news from Wallstreet.

ya.ya.yo!

[leex1528]

hmm, I am confused by this, it already has crashed below $200 and has been going down for over 1 year consistently.  Why is anyone surprised?

[cryptopaddles]

I'm guessing we may see another 200 btc again.  Far more likely to see a 200 btc before we see it hit 1000 again.

[Pecunia non olet]

Yeah, that's it. No demand, lots supply. Price too high. Buy later cheaper...

Buysupport is 80% fake anyways.

[leex1528]

Its just not looking good for BTC, more and more of it is out each day, and all that means is more supply and less demand.

[arvindr]

After an impressive rise during the Coinbase euphoria, bitcoin price didn’t manage to remain near the reached peak levels. Although Bitfinex BTC/USD climbed up to $314 a bearish bias has started haunting the bitcoin price  once again. In the meantime, the 24 hour trading volume dropped by about 100.000 BTC

Source:
http://newsbtc.com/2015/01/29/bitcoin-price-crashes-200-next/

What do you think? Who'll win tomorrow's battle? Bears or Bulls?

Wouldn't there be another upward run after the announcement on 2nd ? Or is that not going to affect it in anyway ?

[ParabellumLite]

hi im new here how to post and how to use this forum  

Don't buy: you have been warned this time, and probably no one else will warn you anymore. From now on, everyone will tell you that Bitcoin will be worth 10.000 bucks in 1 month or 1 year, and that the bottom has been 'reached'. If you have bought, sell now. Heed my words, as people like you always lose money. Walk away and never look back.

[finlon]

hi im new here how to post and how to use this forum 

Well its just like any other forum on the internet. Create an account, and post.
Obviously, requires a little knowledge of bitcoin to get around.

[rosh]

Looks like bears are on vacation

The bears seem to be active in the market.
Steady decline in value since hitting $300.

[waterpile]

hi im new here how to post and how to use this forum 

try to look around the different sections and try to read the rules of each section.

[OrientA]

Looks like bears are on vacation

The bears seem to be active in the market.
Steady decline in value since hitting $300.

Bitcoin could be useful long term. The price is volatile in short term.

[fullhouse]

   if the price dump to 50$ i will buy 100BTC

but i think that's impossible

[leex1528]

  if the price dump to 50$ i will buy 100BTC

but i think that's impossible

So you are going to spend 5,000 dollars of BTC if it turns out it goes to $50.  That is a huge investment, it is going to happen eventually, just not sure when, and if it will recover again.

[foxbitcoin]

I really hope prices will rise eventually, otherwise my gf will kill me

[alani123]

I really hope prices will rise eventually, otherwise my gf will kill me

What was your buy in price?