There has got to be a bottom soon?

[dreamspark]

Lol@thinking that anything below the previous $150 bottom is illogical.  

There is no 'law' stating what btc's market should be.  It's simply supply vs demand + investor sentiment.  Hitting single digits isn't any more out of the question than being at double or triple digits....and at this point all 3 are equally possible.    It's anybody's guess.

You think the likelihood of hitting single digits is the same as being at triple digits 

Chances of being at triple digits is 100% (we're there) so your basically stating that with 100% certainty we will hit single digits.

I'm speaking in terms of the future, Einstein. The chances of being at single or double digits is just about as probable as it is being in the triple digits a year from now.

It really isn't but your free to think what you like.

Oh, I get it.  Your crystal ball is cooler than all others.

Now tell me what next Sunday's winning Powerbucks lotto numbers are.

You're free to think what you like.

[flipstyle]

Lol@thinking that anything below the previous $150 bottom is illogical.  

There is no 'law' stating what btc's market should be.  It's simply supply vs demand + investor sentiment.  Hitting single digits isn't any more out of the question than being at double or triple digits....and at this point all 3 are equally possible.    It's anybody's guess.

You think the likelihood of hitting single digits is the same as being at triple digits 

Chances of being at triple digits is 100% (we're there) so your basically stating that with 100% certainty we will hit single digits.

I'm speaking in terms of the future, Einstein. The chances of being at single or double digits is just about as probable as it is being in the triple digits a year from now.

It really isn't but your free to think what you like.

Oh, I get it.  Your crystal ball is cooler than all others.

Now tell me what next Sunday's winning Powerbucks lotto numbers are.

You're free to think what you like.

Indeed, which is why I posted what I posted...as you also did yourself. 

[exocytosis]

Double digits won't happen, there are way to many people waiting to buy at such price level.

Back in the days of $1200 coins, I recall most posters saying "sub 1000 won't happen, there are way too many people waiting to buy at such price level".

This phrase was repeated all the way down to where we are now: "sub 700 won't happen", "sub 600 won't happen", etc.


Try googling the word "sentiment". You might learn a thing or two.


Double and single digits will happen, btw. They'll happen in 2015. And price won't magically rebound. It'll stay low for the rest of Bitcoin's history, reflecting the true value of this blockchain experiment.

[bassclef]

Double digits won't happen, there are way to many people waiting to buy at such price level.

Back in the days of $1200 coins, I recall most posters saying "sub 1000 won't happen, there are way too many people waiting to buy at such price level".

This phrase was repeated all the way down to where we are now: "sub 700 won't happen", "sub 600 won't happen", etc.

Try googling the word "sentiment". You might learn a thing or two.

Actually I use your posts as a reverse indicator to make money. How's that for sentiment?

[exocytosis]

Double digits won't happen, there are way to many people waiting to buy at such price level.

Back in the days of $1200 coins, I recall most posters saying "sub 1000 won't happen, there are way too many people waiting to buy at such price level".

This phrase was repeated all the way down to where we are now: "sub 700 won't happen", "sub 600 won't happen", etc.

Try googling the word "sentiment". You might learn a thing or two.

Actually I use your posts as a reverse indicator to make money.

Good for you. Then I guess you should buy all those "cheap coins" right now? 3600 new "cheap coins" are created every day. Please gobble them all up. Take up some more loans to finance your gambling habit, leaving you even deeper in the red.

[bassclef]

Is somebody talking?

[SANGEETH]

its hard to reach, once done its ntng

[fat buddah]

No one can predict whether there is a bottom or not or whether it sinks to double or go up to four digits

I can with certainty predict it's not going to 4 digits within the next 14 months - 100% certain

[Torque]

I can with certainty predict it's not going to 4 digits within the next 14 months - 100% certain

Quoted so I can later rub your fat buddah nose it it if it does  

[fat buddah]

I can with certainty predict it's not going to 4 digits within the next 14 months - 100% certain

Quoted so I can later rub your fat buddah nose it it if it does  

LOL - yes, please.

[Erdogan]

Mister Satoshi Einstein invented gravity in 2009, and it has plagued us ever since.

[manselr]

Bottom is as low as people want to risk it to try to invest as low as possible (you can miss the train if you wait too much)

[bigtimespaghetti]

Bottom is as low as people want to risk it to try to invest as low as possible (you can miss the train if you wait too much)

Train missing is FOMO talk. There are always more opportunities.

[a fool and his money ...]

Bottom is as low as people want to risk it to try to invest as low as possible (you can miss the train if you wait too much)

what train? The ghost train? Are you still FOMOing? You need lobotomy.


Quick, quick buy before you miss the ghosttrain!

[Nagle]

Well, last night's low was $208.  Around $220-$225 now.

As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion.  Both of those holes have now been plugged.  Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble. 

[bigtimespaghetti]

Well, last night's low was $208.  Around $220-$225 now.

As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion.  Both of those holes have now been plugged.  Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble. 

Interesting points, I think you could certainly be on to something.

[AtheistAKASaneBrain]

Well, last night's low was $208.  Around $220-$225 now.

As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion.  Both of those holes have now been plugged.  Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble. 

We'll have a very long period at 120-220 territory imo.

[Chef Ramsay]

Well, last night's low was $208.  Around $220-$225 now.

As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion.  Both of those holes have now been plugged.  Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble. 

We'll have a very long period at 120-220 territory imo.

Either that or this thing could be on the move to 300 before we know it, nobody knows. Some say we've bottomed while others think we have more room to move. One thing is for sure, somebody is gonna get played coming up here. Place your bets.

[viboracecata]

Now and in a long time the bottom will be $200, let the whale to eat enough bitcoins, and then the price can pump

[tss]

I can with certainty predict it's not going to 4 digits within the next 14 months - 100% certain

Quoted so I can later rub your fat buddah nose it it if it does  

why do you say that?   it's actually quite reasonable. 

despite inflation of 10% i can see btc price rise steady 10-25% per year for the next 10 years..

and btw nothing wrong with that!  let's not be greedy children.