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Topic: $300 or $800 next? - page 4. (Read 10694 times)

legendary
Activity: 1918
Merit: 1018
March 28, 2014, 08:16:34 PM
#78


$400 is down well over 50%, so much of the danger is gone.
A chart like that sure makes it look like it could go either way.

It can go either way; there is a lot of support below 500$ so I wouldn't bet on 400$ but it is possible; once a few support are broken it can go down sharply finding a new support

All this drama, all this negativity will stop and the price will spike up
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
March 28, 2014, 07:55:44 PM
#77


$400 is down well over 50%, so much of the danger is gone.
A chart like that sure makes it look like it could go either way.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
March 27, 2014, 11:13:53 PM
#76
Well now I'm a little curious if that bottom will really hold or if we will see 300 briefly likely not still lol
legendary
Activity: 1722
Merit: 1000
March 27, 2014, 10:20:07 PM
#75
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member
Activity: 72
Merit: 10
March 27, 2014, 08:14:22 PM
#74
i get the impression that that bitcoins are overbought, with the bans in china
legendary
Activity: 1918
Merit: 1018
March 27, 2014, 08:11:15 PM
#73

It is rebouncing now 483$

I know this type of rebounce it is right before the next dip..

EDIT : it diped Wink then rebounced again
legendary
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
March 27, 2014, 07:52:33 PM
#72
Zero soon.

You made me laugh.

I think we will see +/- 400 in the next 48 hours. After that it will stabilize about 600 in a few days. And in a few weeks, we will rise towards the $800 again Smiley.
sr. member
Activity: 336
Merit: 250
sr. member
Activity: 406
Merit: 250
March 27, 2014, 07:09:54 PM
#70
Zero soon.
hero member
Activity: 518
Merit: 500
March 27, 2014, 06:53:23 PM
#69
475 stamp  Huh
member
Activity: 84
Merit: 10
March 27, 2014, 03:26:02 PM
#68
The price fell to $440 when gox fell apart.  IMO the floor is $400.  When people go dump crazy there will be to many buyers to let it go lower.

A Chinese buying spree is what stopped Western markets from going sub-400 during the Gox fiasco. If those Chinese gamblers get their liquidity cut off I don't see what would hold it up.
That liquidity works both ways
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
March 27, 2014, 03:18:51 PM
#67
The price fell to $440 when gox fell apart.  IMO the floor is $400.  When people go dump crazy there will be to many buyers to let it go lower.

A Chinese buying spree is what stopped Western markets from going sub-400 during the Gox fiasco. If those Chinese gamblers get their liquidity cut off I don't see what would hold it up.
legendary
Activity: 1722
Merit: 1000
March 27, 2014, 01:46:30 PM
#66
The price fell to $440 when gox fell apart.  IMO the floor is $400.  When people go dump crazy there will be to many buyers to let it go lower.
full member
Activity: 224
Merit: 100
March 27, 2014, 01:41:31 PM
#65
legendary
Activity: 1918
Merit: 1018
March 27, 2014, 01:29:51 PM
#64
The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.

Long term the price will rise and there is a lot of support each time we go down a tiny bit

A huge problem in the protocol or something similar is always possible but it is probably priced in and unlikely
A huge problem in the protocol is definitely not priced in.

It is priced in but ponderated by the probability of it happening so the price would obviously tanked a lot if a huge problem of the protocol rises

I think there is a higher probability of a huge good news than a huge bad news but maybe it is priced in as well Wink
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
March 27, 2014, 01:27:57 PM
#63
The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.

Long term the price will rise and there is a lot of support each time we go down a tiny bit

A huge problem in the protocol or something similar is always possible but it is probably priced in and unlikely
A huge problem in the protocol is definitely not priced in.

Well the split issue with two blockchains for a bit and the problem with Gox I say it is partially priced in now

If the blockchain went off in two directions now I think we would be in for some more tumbling!
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
March 27, 2014, 12:59:19 PM
#62
The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.

Long term the price will rise and there is a lot of support each time we go down a tiny bit

A huge problem in the protocol or something similar is always possible but it is probably priced in and unlikely
A huge problem in the protocol is definitely not priced in.

Well the split issue with two blockchains for a bit and the problem with Gox I say it is partially priced in now
sr. member
Activity: 293
Merit: 250
March 27, 2014, 12:50:20 PM
#61
The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.

Long term the price will rise and there is a lot of support each time we go down a tiny bit

A huge problem in the protocol or something similar is always possible but it is probably priced in and unlikely
A huge problem in the protocol is definitely not priced in.
legendary
Activity: 1918
Merit: 1018
March 27, 2014, 12:42:32 PM
#60
The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.

Long term the price will rise and there is a lot of support each time we go down a tiny bit

A huge problem in the protocol or something similar is always possible but it is probably priced in and unlikely
newbie
Activity: 16
Merit: 0
March 27, 2014, 10:30:26 AM
#59
The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.
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