We are headed to $50

[galdur]

I don´t read this junk. Maybe it´ll be garbage collectors.

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[cellard]

Too bad that men in white coats haven´t picked this fruitcake up YET.

Not even Warren Buffet sees it comming, it's kinda funny being a pioneer, all these "old respectable people" being objectively wrong as fuck.

[NotLambchop]

I remember when those stodgy old clowns laughed at me for investing in BTCeanie BTCabies.
Look at me now

[Bit_Happy]

I've been thinking a lot about the current state of affairs, and the picture has started to become clear.  This bear market is as painful (and in many ways more painful) as the 2011-2012 bear market.  That suggests that the "level" of the current bear market within the cycle corresponds to that previous bear market.

That means that the corresponding bull markets are:

$0 ---> $32
$2 ---> $1160

In order for a bull market to be born, the price has to revisit very close to the bull market peak one cycle back.  That's the only way the weak hands will be shaken out.  We've had a lot of weak hands who still think every $20 upswing is the start of a new bubble, who think making money in Bitcoin is easy, and who still have "faith" in the price without knowing the first thing about the technology.  They need to be shaken out because they're weak hands; they're dumb money.  Only when they're replaced by stronger hands who think long term and know better Bitcoin's place in the future world will the new bull market be born.  

In other words, the price has to get close to $32.  And by that, I don't mean "close" in linear terms, but rather, in log terms, so there's more room for error.  I think the final low will be something more like $50-$80.  

I'm going to be buying hand-over-fist at those levels from the weak hands who will panic sell.

Also, based on some fractal similarity I'm seeing--which I will divulge later after the new bull starts--the next bull will be powerful, as powerful on a log scale as the prior two full cycles combined.  When the dumb money panics, it will be the buying opportunity of a lifetime.

$50 is possible, but the strong fundamentals could make Right Now a true once-in-a-lifetime opportunity to catch the first ever move towards $5,000. No one knows for certain, and that makes it more exciting.  

Aren't you ignoring the 2013 peak, 266 usd, which did crash to a bit below 40 before the runup to 1160?

that is actually a good point. Talking about big scheme of things, one usually did not mention granularity and such "quick" events may be filtered out.
So if we apply the analysis from the OP to the levels you mentioned, revisiting somewhere around $200 should theoretically end the correction.

[galdur]

Too bad that men in white coats haven´t picked this fruitcake up YET.

Not even Warren Buffet sees it comming, it's kinda funny being a pioneer, all these "old respectable people" being objectively wrong as fuck.

Well, when you have a marketplace that is totally devoid of any regulation and law enforcement and thereby make it a magnet for criminals then all confidence and trust goes out the window. Result: no volume, no buying interest, constantly tanking price of what is being traded in that marketplace. It isn´t really much of a rocket science and it has always been eminently predictable.

[RodeoX]

Too bad that men in white coats haven´t picked this fruitcake up YET.

Not even Warren Buffet sees it comming, it's kinda funny being a pioneer, all these "old respectable people" being objectively wrong as fuck.

lol. Then again why would he know? When I have a software question I generally don't look for a senior citizen.

[galdur]

The usual excuses from the usual retards were old ages ago. Focus on what they avoid mentioning.

[thebitcoinquiz.com]

I am really glad to see people criticising these troll boxes and people are actually showing faith in BTC. You guys are the ones who are helping in maintain BTC its price.

[NotLambchop]

I am really glad to see people criticising these troll boxes and people are actually showing faith in BTC. You guys are the ones who are helping in maintain BTC its price.

>guys

Its one d00d, brah, with a bunch of socks.  I see he's got you totally bamboozled

[galdur]

This lamb whatever guy isn´t a troll, he´s a fucking nutbag. He has some serious issues. Everybody sees this but as so often with nutcases nobody does anything about it. It would be oh so insensitive.

[NotLambchop]

^

OMG, I sent all my coin to Anon calling hisself Havelock, and nao he gone done and runed away!

Sorry for your loss!

[ThatDGuy]

This lamb whatever guy isn´t a troll, he´s a fucking nutbag. He has some serious issues. Everybody sees this but as so often with nutcases nobody does anything about it. It would be oh so insensitive.

Just hit the ignore button, it's very easy.

[galdur]

This lamb whatever guy isn´t a troll, he´s a fucking nutbag. He has some serious issues. Everybody sees this but as so often with nutcases nobody does anything about it. It would be oh so insensitive.

Just hit the ignore button, it's very easy.

Of course I´ve hit the ignore button. I don´t read this nutcase, only see that it posts here.

[ThatDGuy]

This lamb whatever guy isn´t a troll, he´s a fucking nutbag. He has some serious issues. Everybody sees this but as so often with nutcases nobody does anything about it. It would be oh so insensitive.

Just hit the ignore button, it's very easy.

Of course I´ve hit the ignore button. I don´t read this nutcase, only see that it posts here.

There are quite a lot of blank boxes on most post pages that are wasted and have to be scrolled-through - I wouldn't mind an option to just remove the blank post as well.

[NotLambchop]

...
Just hit the ignore button, it's very easy.

If he was smart enough to use the ignore button, would he send coin to a Canadian Anon as a Panamanian Anon in turn pretending to be Havelock, Bitcoin's Premiere Securities Exchange?
Checkmate.

[futurebit640]

I do not see it falling to $50 during our life time.

[AtheistAKASaneBrain]

I do not see it falling to $50 during our life time.

We are headed to 600, lol at 50. These guys should quit their FUDster jobs, its over buddys.

[galdur]

Bitcoin has been behaving rather well since the Jan. bottom.

If you remember the Nov. bounce the Jan.one was similar and at first it looked like BTC was going back to the familiar grinding down. But that reversed about five weeks ago at 225 or so. I don´t trust it all that well YET but any healthy behavior that lasts for weeks has to be a promising sign.

Good luck, g

[deluxeCITY]

I do not see it falling to $50 during our life time.

We are headed to 600, lol at 50. These guys should quit their FUDster jobs, its over buddys.

One step at a time first we are trying to keep at 300 which its having trouble with so what makes you say we are heading to $600?

That's almost as bad as the $50 prediction it is not going to happen unless we get awesome news like the $50 won't happen unless we get terrible news.

Have to add i do not believe we will get the terrible news and we will more than likely get the good but it is not here yet is it.

[picolo]

I do not see it falling to $50 during our life time.

We are headed to 600, lol at 50. These guys should quit their FUDster jobs, its over buddys.

50$ seems very far streched. 600$ not that much.