I already sold all my coins... waiting to get back at $200

[ravenjt]

Since the mini price recovery of summer 2014, the BTC/USD price has declined in a series of steps, occurring in mid Aug 2014 (600 to 500), mid Sep 2014 (500 to 400), early Oct 2014 (400 to 300, then back to around 350), then a long period of relative stability until the big drop to around 200 in early Jan 2015.

Each step was preceded by a few days of gradual price declines. This decline took the price to just below the recent lowest price. So, for example:
- in 10-12 Aug 2014 the price drifted down to around 550, which was the lowest price for a few months. The next day the price fell sharply to below 500.
- in 13-16 Sep 2014 the price drifted down to 450, again just a new recent low. The next day the price fell sharply to below 400.
- in early Jan 2015, the Bitstamp closedown caused the price to fall to a new low of below 300, which then triggered the sharp fall to around 200.

So my hypothesis is that if the price drifts down to 200, then we will see the next big step down, very quickly (within a day to two of the price drifting down to 200) falling to 100.

Don't buy at 200. It will be the next big fall.
Either:
- wait until 100; or
- buy now, as you believe that BTC will never fall to 200 again.

[1715614149]

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[Q7]

You might regret having done that. Looks like the Price is going back up again after hitting 250 and there's a sign of strong buying going on. Regardless, anything can still happen from here. Probably you were right, probably not but for me I'm not taking the chance so still holding on to mine.

[1Referee]

Since the mini price recovery of summer 2014, the BTC/USD price has declined in a series of steps, occurring in mid Aug 2014 (600 to 500), mid Sep 2014 (500 to 400), early Oct 2014 (400 to 300, then back to around 350), then a long period of relative stability until the big drop to around 200 in early Jan 2015.

Each step was preceded by a few days of gradual price declines. This decline took the price to just below the recent lowest price. So, for example:
- in 10-12 Aug 2014 the price drifted down to around 550, which was the lowest price for a few months. The next day the price fell sharply to below 500.
- in 13-16 Sep 2014 the price drifted down to 450, again just a new recent low. The next day the price fell sharply to below 400.
- in early Jan 2015, the Bitstamp closedown caused the price to fall to a new low of below 300, which then triggered the sharp fall to around 200.

So my hypothesis is that if the price drifts down to 200, then we will see the next big step down, very quickly (within a day to two of the price drifting down to 200) falling to 100.

Don't buy at 200. It will be the next big fall.
Either:
- wait until 100; or
- buy now, as you believe that BTC will never fall to 200 again.

If you think it will go to $100 level then place your buy orders there.

I only think you'll waste a lot time waiting for your buy order to get filled

[mr.coinstrader]

I am confident that BTC wil go up again soon.

[dropt]

You were mining bitcoin in 2010. How far you have fallen.

I believe the general consensus is that the creator of the kwukduck account sold it to it's current owner, who BTW is a complete moron.  Best just add him to your ignore last like the rest of us. 

[BillyBobZorton]

Maybe even lower, depending how fast it reaches 200.

I think it's generally a bad idea to sell ALL coins unless we are at an obvious bubble, even then you can fuck up. We may go up right now as we speak.

[ThatDGuy]

You were mining bitcoin in 2010. How far you have fallen.

I believe the general consensus is that the creator of the kwukduck account sold it to it's current owner, who BTW is a complete moron.  Best just add him to your ignore last like the rest of us. 

This is the most likely possibility, solid suggestion.

[RodeoX]

Sold all your coins? Ouch, sorry to hear it bud.

[inca]

You were mining bitcoin in 2010. How far you have fallen.

I believe the general consensus is that the creator of the kwukduck account sold it to it's current owner, who BTW is a complete moron.  Best just add him to your ignore last like the rest of us. 

This is the most likely possibility, solid suggestion.

Shame to see an old account wrecked.

[btcxyzzz]

200$ is too low, question is whether Bitcoin will be ever that low again.

[okthen]

Good luck with that...
Do yourself a favor an at least put some buying orders on the way down - maybe with some luck you'll get something filled.
Setting a mental goal that has no real reason to happen is never a good idea!

[tyrexs]

on the way back to $200, nice prediction

[afbitcoins]

Rather than selling I'm accumulating. Thanks for the coins

[manis]

If Bitcoin is anyway going to the moon, it doesn't matter whether you get in at $250 or slightly lower.
I would rather not take the chance of a bull run just after I sold my coins. 

[stonerider]

Maybe even lower, depending how fast it reaches 200.

@thms,

Thanks for the cheap coins you sold!

I really think you f'd up.

Now, go and re-buy those coins you sold. Do it now. Don't wait. Fix the mistake. Sooner, rather than later, since it will get more and more expensive. Literally.

Take my advice or leave it, your choice. I don't care. You're just a stranger on the interweb. Why do I care if you are drowning???

[cbeast]

Dollar cost averaging is the most sensible strategy for investment and divestment. Anything else is gambling.

[redhawk979]

200$ is too low, question is whether Bitcoin will be ever that low again.

Seriously, been hearing this at 600, 500, 400, etc...when is this turnaround coming?

[Bit_Happy]

Maybe even lower, depending how fast it reaches 200.

Sorry to hear about your huge mistake:
Fundamentals are king, so the only smart move is to buy and hold at this time.

[BitCoinNutJob]

very risky move the trend line could still be upwards from the $166 bottom, we've now held above $250 for a while and if we hold much longer this could actually be a small dip and buy back opportunity.

[Tzupy]

Buying at a predetermined price is a bad strategy IMO.
In this case, 200$ - because if the critical support level of 210$ won't hold, then going down as low as 120$ is possible.