bigtimespaghetti (OP)
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bigtimespaghetti.com
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January 30, 2015, 09:26:11 PM |
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sentiment is abysmal, the spec forum is overrun with bearish posts.
Perhaps one last washout when the bear market ends or... Smashes down into double digits? That will be some serious blood on the streets.
Doesn't loo like 200 will be our last stop down at the moment, but it seems perhaps this is a serious juncture in terms of cycle too.
Just writing some thoughts. keep level heads and powder dry!
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1Referee
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January 30, 2015, 09:32:24 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
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bigtimespaghetti (OP)
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Activity: 1652
Merit: 1057
bigtimespaghetti.com
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January 30, 2015, 09:37:25 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
The recent spike down and up seemed largely technical in nature rather than news driven to me. |
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ssmc2
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Activity: 2002
Merit: 1040
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January 30, 2015, 10:00:17 PM |
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TA and sentiment does indeed seem to be indicating a bottoming out point.
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Dilla
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January 30, 2015, 10:23:15 PM |
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Imagine the pump when the winklevii release the exchange and etf IF the coinbase exchange doubled the price.
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damiano
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103 days, 21 hours and 10 minutes.
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January 30, 2015, 10:25:51 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
The recent spike down and up seemed largely technical in nature rather than news driven to me. No way, Coinbase pump was done very well..that was all news |
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gustav
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January 30, 2015, 10:30:49 PM
Last edit: January 30, 2015, 10:44:43 PM by gustav |
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too much gravity look at uno, it doesn't give a shit  I had to stop selling because i can't get back in lower. tbqh i stopped to care about bottoms for Bitcoin. I can't see it before the halving. |
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ronald98
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January 31, 2015, 12:40:15 AM |
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I doubt we have hit the bottom with two more US marshals auctions left to go.
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JessicaSe
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January 31, 2015, 11:31:21 AM |
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imo bottom is already there and now it is trading at pivot point of 230$ that supporting it
we hope to see bitcoin again 260-270 next weeks
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mailmansDOGE
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January 31, 2015, 11:38:47 AM |
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I personally hope that this is the bottom.
If bitcoin drops down below 150$ then it will really make me cry.
I am fearful of people leaving bitcoin due to price drop and when people leave there is always a drop in demand and thus drop in prices.
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anshar
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January 31, 2015, 11:44:00 AM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
The recent spike down and up seemed largely technical in nature rather than news driven to me. No way, Coinbase pump was done very well..that was all news Coinbase probably made a few million from such a pump. |
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Poolie
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Activity: 68
Merit: 10
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January 31, 2015, 11:45:43 AM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
It's possible and we and the miners will be in big trouble if it happens, but I don't think it will go that low. I'm hoping for a series of good news that will send the price going the other way and I think we'll get some this year but the question is how long do with have to wait? |
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anshar
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January 31, 2015, 11:46:18 AM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
It's possible and we and the miners will be in big trouble if it happens, but I don't think it will go that low. I'm hoping for a series of good news that will send the price going the other way and I think we'll get some this year but the question is how long do with have to wait? Just more miners dropping out. This is good for me, as I am a small scale cloud hasher. |
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ndnh
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Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
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January 31, 2015, 11:52:17 AM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
It's possible and we and the miners will be in big trouble if it happens, but I don't think it will go that low. I'm hoping for a series of good news that will send the price going the other way and I think we'll get some this year but the question is how long do with have to wait? Just more miners dropping out. This is good for me, as I am a small scale cloud hasher. Double digit is not possible. Even a 150 will make a lot of people put tons of money in. the resistance is strong. |
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thelibertycap
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January 31, 2015, 12:03:06 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
It's possible and we and the miners will be in big trouble if it happens, but I don't think it will go that low. I'm hoping for a series of good news that will send the price going the other way and I think we'll get some this year but the question is how long do with have to wait? Just more miners dropping out. This is good for me, as I am a small scale cloud hasher. Double digit is not possible. Even a 150 will make a lot of people put tons of money in. the resistance is strong. you are saying ~55% drop in bitcoin is now impossible? could you also tell us where did you buy your magic crystal ball? |
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anshar
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January 31, 2015, 12:10:24 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
It's possible and we and the miners will be in big trouble if it happens, but I don't think it will go that low. I'm hoping for a series of good news that will send the price going the other way and I think we'll get some this year but the question is how long do with have to wait? Just more miners dropping out. This is good for me, as I am a small scale cloud hasher. Double digit is not possible. Even a 150 will make a lot of people put tons of money in. the resistance is strong. you are saying ~55% drop in bitcoin is now impossible? could you also tell us where did you buy your magic crystal ball? Its very much possible and has happened. |
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Q7
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January 31, 2015, 12:28:25 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
I agree, the more it gets lower, the higher the resistance. The order book in exchangers will not reflect this but I'm sure, if it suddenly drops to $100, imagine the amount of funds serious buyers are willing to put in to grab the coins. |
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anshar
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January 31, 2015, 12:33:03 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
I agree, the more it gets lower, the higher the resistance. The order book in exchangers will not reflect this but I'm sure, if it suddenly drops to $100, imagine the amount of funds serious buyers are willing to put in to grab the coins. Over 7000btc is dumped every day to cover mining costs. I dont think bids can take those hits. |
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ajareselde
Legendary
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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January 31, 2015, 12:36:57 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
I agree, the more it gets lower, the higher the resistance. The order book in exchangers will not reflect this but I'm sure, if it suddenly drops to $100, imagine the amount of funds serious buyers are willing to put in to grab the coins. exactly, i doubt double digits will happen, im the first one whos waiting for something like that to happen and invest, and i think there are tons of ppl that think the same. people are starting to think of their investment in terms of 5+years, and they're pretty sure they will make a profit. |
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thelibertycap
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January 31, 2015, 01:03:05 PM |
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Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
I agree, the more it gets lower, the higher the resistance. The order book in exchangers will not reflect this but I'm sure, if it suddenly drops to $100, imagine the amount of funds serious buyers are willing to put in to grab the coins. exactly, i doubt double digits will happen, im the first one whos waiting for something like that to happen and invest, and i think there are tons of ppl that think the same. people are starting to think of their investment in terms of 5+years, and they're pretty sure they will make a profit. short term trading spikes are usually irrational and form a true top or bottom. bitfinex leveraged shorts are for sure greedy and it is not easy to wipe them out and convert to the long side. there is no better cure for low prices than lower prices. where are all those people proclaiming how they are going to buy shitload of coins $200? well maybe they did or were too late but it was not enough to support the price that managed to fall to ~$150. there is a bitcoin hard fork ahead of us and its popularity is not very high. in other thread people laughed me off as this little gavin project, a bitcoin hardfork, is certainly below the radar and has miniscule impact on prices but we are getting closer to that day with every week and i just can't see a true rally until this is resolved. some people might put off buying millions just to be sure bitcoin is not fucked and everything went alright y know i expect the price to oscillate around these levels but who knows what black swan might happen. i converted 1/4 of my btc i bought @$160 to altcoins already. the altcoin scene is in better shape than ever - if you are a contrarian the church of satoshi members might start to see the value in other forks and not just in gavincoin |
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