Going back down to 230, then 180, then 150, then 66?

[indiemax]

never sell at a loss when a crash happens you dont sell... you buy, and you buy as much as you can

yeah right,If everyone did that the supply would would be gone in puff of smoke and the price would hit the moon

plenty of opportunity to top up this last year or so 

[kenbytes]

There is no way you can predict prices 100% all the time. This isn’t news it almost reads as a script to get people to panic sell.

[Amph]

Bitcoin will have another bubble, the only question is what has to happen first. Clearly we are not close to a bubble kicking in and frankly I am starting to doubt the coming halving will be the catalyst most people are considering.

My prediction is that the price MUST drop so low that a shift in ownership can take place. Price needs to drop so low that long time whale holders give up and sell. At this point a whole new population of speculators will swarm in and start the next bubble.

I think the price has to drop below $100 for this to happen and probably a lot lower.

Bitcoin in double digits? I am sure a lot of people will rush in when that happens.

it's the reason why we will never see double digits, it would make a big increase in demand so fast that the price will return at current state

today price is already a physical barrier

[lyth0s]

realistically speaking, you are trolling or just try to spread fud. especially when you state that bitcoin will go down to $66
any serious bitcoiner know that below $100 is not.going to happen.

Even though bitcoin price is low and xiao is a troll, there is technically nothing stopping bitcoin price from being dumped down to the $66 level. Especially if a larger holder like Draper were to dump (very unlikely, but still possible).

The real question is what do you think of the fundamentals and where do you see the future supply/demand balance being.

[bytezero]

Heh, today's cheap coin can be tomorrow's expensive coin

[cryptojumper]

One of the important things is - are there going to be new people like me that would like to own some newly mined btc, because if not then downtrend is inevitable since I think current owners can't or don't want to absorb all new coins and that is why the price is dropping.

[Bejkn]

impossible, if the price break $100, bitcoin is over.
so the big whales would save price before it dead

[Bitcoiner2015]

never sell at a loss when a crash happens you dont sell... you buy, and you buy as much as you can

says someone who obviously loses lots of money all of the time trading.
If you think it will fall further, sell, if you don't then don't.  Each decision is independent of previous ones, easy.

[opossum]

never sell at a loss when a crash happens you dont sell... you buy, and you buy as much as you can

This is not a rule never sell at a loss, the smartest have at times had to sell at a loss to be able to continue trading with something that is not sinking! With you mentality when a crash happens and you keep buying, what happens when the crash is to major to bounce back anywhere near where it was? If you see a crash coming sell at a loss and buy back at a later date when it has balanced out and you end up with more without risking more. The only guys that can hold all the way down are the guys who brought in early on.

[HI-TEC99]

never sell at a loss when a crash happens you dont sell... you buy, and you buy as much as you can

This is not a rule never sell at a loss, the smartest have at times had to sell at a loss to be able to continue trading with something that is not sinking! With you mentality when a crash happens and you keep buying, what happens when the crash is to major to bounce back anywhere near where it was? If you see a crash coming sell at a loss and buy back at a later date when it has balanced out and you end up with more without risking more. The only guys that can hold all the way down are the guys who brought in early on.

I had the mentality to never sell at a loss when I got into alts, and held some until they became near worthless. I now wish I had got 50% OF my money back when I had the chance. Although bitcoin's not the same as a shit alt I now consider selling at a loss if the price crashes far enough.

[MF Doom]

never sell at a loss when a crash happens you dont sell... you buy, and you buy as much as you can

This is not a rule never sell at a loss, the smartest have at times had to sell at a loss to be able to continue trading with something that is not sinking! With you mentality when a crash happens and you keep buying, what happens when the crash is to major to bounce back anywhere near where it was? If you see a crash coming sell at a loss and buy back at a later date when it has balanced out and you end up with more without risking more. The only guys that can hold all the way down are the guys who brought in early on.

I had the mentality to never sell at a loss when I got into alts, and held some until they became near worthless. I now wish I had got 50% OF my money back when I had the chance. Although bitcoin's not the same as a shit alt I now consider selling at a loss if the price crashes far enough.

I too was foolish enough to think (even as the price was dropping) that I could at least break even.  This never happened, adn ended up selling for a loss last summer.  In hindsight it was a good call becasue we've only gone down since then.

The worst thing you can do is listen to the super-bulls on here who "guarantee" that the price will go back through the roof.  Most of them probably hold very little to begin with, or have been holding since 1btc was less than $1.  They seem to think holding while suffering losses makes them superior to others, but really it only makes them look like fools.

[damiano]

never sell at a loss when a crash happens you dont sell... you buy, and you buy as much as you can

This is not a rule never sell at a loss, the smartest have at times had to sell at a loss to be able to continue trading with something that is not sinking! With you mentality when a crash happens and you keep buying, what happens when the crash is to major to bounce back anywhere near where it was? If you see a crash coming sell at a loss and buy back at a later date when it has balanced out and you end up with more without risking more. The only guys that can hold all the way down are the guys who brought in early on.

I think we now know he was one of the holders who didn't think of selling at 1K+

[Hazir]

Bitcoin is now under $250 threshold again... How awesome was couple weeks ago when we thought that price will pierce $300 and suddenly everything shattered. Maybe we reached 'optimal' price for bitcoins? And value around $250 will be standard bitcoin price of the future?

[WhatTheGox]

You cant analyse bitcoin the same way you analyse some more established stocks or markets. Bitcoin is in early stages, and extremely volatile,
so the most TA wont get u far most of the time,we are dependant on news and legal issues every day, and that is how you can predict the movement most efficiently.
There is a fact that will always move bitcoin forward, and that is this very speculation, because every trader is here to make a profit, and you cant make a longterm profits by slamming the price to the ground.
While there is money to be made from bitcoin, price will ping pong, but its just a matter of year when it will have its next eruption, and we wont see these prices ever again.

cheers

Thats a very good point about TA in early stage markets.  Surely these TA models are based on the mean average of all markets in history which might not be as good for early stage markets.  Even if thats not the case, how often are the early stage markets revolutionary designs like bitcoin?  TA might struggle.

[opossum]

never sell at a loss when a crash happens you dont sell... you buy, and you buy as much as you can

This is not a rule never sell at a loss, the smartest have at times had to sell at a loss to be able to continue trading with something that is not sinking! With you mentality when a crash happens and you keep buying, what happens when the crash is to major to bounce back anywhere near where it was? If you see a crash coming sell at a loss and buy back at a later date when it has balanced out and you end up with more without risking more. The only guys that can hold all the way down are the guys who brought in early on.

I had the mentality to never sell at a loss when I got into alts, and held some until they became near worthless. I now wish I had got 50% OF my money back when I had the chance. Although bitcoin's not the same as a shit alt I now consider selling at a loss if the price crashes far enough.

I too was foolish enough to think (even as the price was dropping) that I could at least break even.  This never happened, adn ended up selling for a loss last summer.  In hindsight it was a good call becasue we've only gone down since then.

The worst thing you can do is listen to the super-bulls on here who "guarantee" that the price will go back through the roof.  Most of them probably hold very little to begin with, or have been holding since 1btc was less than $1.  They seem to think holding while suffering losses makes them superior to others, but really it only makes them look like fools.

At least you now no that you do not need to hold all the way to worthlessness, not saying bitcoin will go that way but if i sensed it then i would sell even if i missed the first get out and i was losing. Bitcoin is very similar to the alts it just has more adoption and more people willing to keep it propped up, could be why this dump since 1000+ has taken so long we keep getting fresh fools willing to buy where the alts don't they just get forgotten.

That is the thing we talk ourself into believing that it will break even or go to profit but that is us putting our hopes & emotions on the market and that will never work out well because the market does not care for our emotions. So there you have your own proof sometimes it is good to sell at a loss. I have done quite a few times on alts and then i ended up with profit after buying back at the bottom and holding double what i would have had if i held all the way.

So many bulls are living in the previous bubble and not looking at reality again kind of putting their emotions on the market and they believe we will be hitting the moon every 5-10dollar rise in price

[Xiaoxiao]

Bitcoin should stabilize at around $100. I can see bitcoin's bottom at $20-$50 and spiking to 190-200 and then stabilizing at around $100.

[cryptojumper]

Bitcoin should stabilize at around $100. I can see bitcoin's bottom at $20-$50 and spiking to 190-200 and then stabilizing at around $100.

What is going to happen with asics if that's the case? Will it will be profitable to produce them? Or the profit margin when selling is so big that they will just reduce the price, because I doubt asics will just become THAT more efficient over night to keep up with the price.

[Amph]

Bitcoin should stabilize at around $100. I can see bitcoin's bottom at $20-$50 and spiking to 190-200 and then stabilizing at around $100.

What is going to happen with asics if that's the case? Will it will be profitable to produce them? Or the profit margin when selling is so big that they will just reduce the price, because I doubt asics will just become THAT more efficient over night to keep up with the price.

that scenario is unlikely, miners are not that stupid they aren't dumping so much now, they have already made roi and they electricity is very cheap, no reason to help early adopters to crash the market, thus price will not fall to that point

and if it happen, it would simply force the smallest farm to exit out of the mining game, price also is based on btc so they will cost less

[Xiaoxiao]

Bitcoin should stabilize at around $100. I can see bitcoin's bottom at $20-$50 and spiking to 190-200 and then stabilizing at around $100.

What is going to happen with asics if that's the case? Will it will be profitable to produce them? Or the profit margin when selling is so big that they will just reduce the price, because I doubt asics will just become THAT more efficient over night to keep up with the price.

that scenario is unlikely, miners are not that stupid they aren't dumping so much now, they have already made roi and they electricity is very cheap, no reason to help early adopters to crash the market, thus price will not fall to that point

and if it happen, it would simply force the smallest farm to exit out of the mining game, price also is based on btc so they will cost less

The miners still hold a very minority of the coins.  The majority of coins are still held by early adopters.

[tokeweed]

never sell at a loss when a crash happens you dont sell... you buy, and you buy as much as you can

Lol...  Talk about desperate...