$350 will be the bottom - page 14. | Bitcointalksearch.org

MatTheCat

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Quote from: sishendaoye on January 24, 2016, 08:13:56 AM

Fair enough.
Although bitcoin is a chinese cashcow, things will change if more western investors step in.
I am sure they will rescape the market into their profit.

BTC is limited supply. Chinese Bitcoin Cowboys already holding a serious amount of those. Nobody knows for sure how much, but enough to control market at this current point in time. If anyone doesn't think that BTC is controlled from China, then they just aint been apying attention. BTC cowboys no doubt Bought loads on crash down, buy loads from Chinese Miners or perhaps 'they' are the Chinese Miners? China is where the majority of BTC is mined today.

Wealthly Chinese have a motivation invest heavily into BTC that western capital lacks......Capital Flight......and this won't be Chinese investors en masse...this will be a tiny Cabal of Chinese BTCers that are slapping this mkt around like a bitch.

sishendaoye

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Quote from: MatTheCat on January 24, 2016, 07:08:31 AM

Quote from: arbitrage on January 24, 2016, 07:05:09 AM

Yes 350 to 380 looking now like bottom for now!
But who knows for sure, we here just speculate?
This is good price for start!

If enough people go Long here, and place Stops below $380, you can be sure BTC will pierce right through $380. If enough Long Stops are down at $350. You can be sure that BTC will pierce right through that level as well.

BTC is Chinese Cowyboy Cashcow and nothing else. They don't want the public getting in on their action at the base of moves, they want the public buying/selling into momentum which they engineer into market, on a FOMO basis.

I still like $320 Bitcoin......but because I would be looking to go Long right there, just no doubt thousands of other technical based traders would also be looking to go Long there, with Stops all being placed down below $300, probably BTC will ultimately go to $290, before taking off again. Wipe every fucker out, then take off out some 'bearish' consolidation triangle making bTC seem like it is going to tank even futher wiping out a lot of Short Stops in the process.

Fair enough.
Although bitcoin is a chinese cashcow, things will change if more western investors step in.
I am sure they will rescape the market into their profit.

MatTheCat

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Quote from: arbitrage on January 24, 2016, 07:05:09 AM

Yes 350 to 380 looking now like bottom for now!
But who knows for sure, we here just speculate?
This is good price for start!

If enough people go Long here, and place Stops below $380, you can be sure BTC will pierce right through $380. If enough Long Stops are down at $350. You can be sure that BTC will pierce right through that level as well.

BTC is Chinese Cowyboy Cashcow and nothing else. They don't want the public getting in on their action at the base of moves, they want the public buying/selling into momentum which they engineer into market, on a FOMO basis.

I still like $320 Bitcoin......but because I would be looking to go Long right there, just no doubt thousands of other technical based traders would also be looking to go Long there, with Stops all being placed down below $300, probably BTC will ultimately go to $290, before taking off again. Wipe every fucker out, then take off out some 'bearish' consolidation triangle making bTC seem like it is going to tank even futher wiping out a lot of Short Stops in the process.

arbitrage

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Yes 350 to 380 looking now like bottom for now!
But who knows for sure, we here just speculate?
This is good price for start!

azguard

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Quote from: 1Referee on January 23, 2016, 05:20:49 AM

I am quite sure that if we are heading towards $350 again that it will not hold as there is too much selling pressure on the market.

nope we might come to 380 and that is all we gonna hold here around 400 for another month no need to get worried

1Referee

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I am quite sure that if we are heading towards $350 again that it will not hold as there is too much selling pressure on the market.

MatTheCat

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Quote from: tokeweed on January 23, 2016, 05:04:49 AM

Quote from: LazerViking on January 22, 2016, 03:18:45 PM

$350 will be the bottom

This kind of thinking is what makes people lose money trading.

yep.

tokeweed

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Quote from: LazerViking on January 22, 2016, 03:18:45 PM

$350 will be the bottom

This kind of thinking is what makes people lose money trading.

bajing

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after price hit more than $400 2 days ago, still have a chance price down to below $350 maybe in the end of this month. i see now trader is try make price down

MatTheCat

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Quote from: randy8777 on January 23, 2016, 03:16:26 AM

we all think we know where the bottom is, but in fact, we don't know how low the price will go when the panic starts to pick up again. so far it seems to be $350-$360, but it all can be dumped down if a whale wants to.

It aint the whales that were tricked into piling into $400+ Bitcoin just two days ago, only to see not a dramatic surge up towards $500, but a rapid pullback to $30 beneath where the majority of Joe Retail bought in. Selling pressure in Bitcoin is here in abundance at the moment. Whales will nudge Bitcoin gently back up, and see if retail wants to take her much further, before they boot the bucket back over, and send her back down, below $350, at which point the majority of the retail holders will capitulate, and start selling their BTC at firesale prices to the whales waiting down below.

This is how this market works these days. BTC is cornered to fuck and controlled by the Chinese BTC Cabals. It is their cash cow, and the market action that you are seeing, has nothing to do with anything, other than whales ripping the arse out of the market, in order to to extract max profits from it, as Chinese New Year approaches on the 8th.

randy8777

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we all think we know where the bottom is, but in fact, we don't know how low the price will go when the panic starts to pick up again. so far it seems to be $350-$360, but it all can be dumped down if a whale wants to.

Amph

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350 is the bottom like 150 was the bottom, or 200, if you don't want to consider that dump to 156 on one exchange when we were at 2xx range

by the end of this year range 500-1k is easily approachable, with a peak of 1k-2k range, supposedly...

BitHodler

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I am afraid that the bottom is somewhere closer to $300 instead of $350.

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Im reading your comments and I see we need to prepare for some hell of a ride. Like someone above me said " lotta people are gonna be shitting their pants." Well anyway I`m keeping my coins for after halving for sure. This ups and downs are just normal thing for bitcoin as we can see.

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Quote from: mtnsaa on January 22, 2016, 06:23:21 PM

I thought we were past this whole turbulence section but we are still in the middle of it. Very surprised to see the price back at below $400 after we bounced back to $425 just a couple of days ago. I agree support is strong at $350 but if articles and negative opinions continue to pile up I won't be so sure where the price will end up. I'm sure Bitcoin will recover eventually to close out the year around $500-600 if not more.

It's not due to the articles as much as it is that the possibility of hard fork is still real. Higher block size is objectively better for higher market cap as long as the block size doesn't reduce decentralization beyond what pools already do, but it will temporarily flash crash price until after it's over.

TLDR: 2-8MB Blocks good for long term price, bad for short term price.

mtnsaa

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I thought we were past this whole turbulence section but we are still in the middle of it. Very surprised to see the price back at below $400 after we bounced back to $425 just a couple of days ago. I agree support is strong at $350 but if articles and negative opinions continue to pile up I won't be so sure where the price will end up. I'm sure Bitcoin will recover eventually to close out the year around $500-600 if not more.

richardsNY

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I also think the bottom is at $350. I just hope we won't go down too much the comming days/weeks. It took us a long time to build up this price, but it just takes a few days to lose all progress that we made.

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Quote from: Morecoin Freeman on January 22, 2016, 03:37:29 PM

I call that $350 will be broken. Prepare.

Less possibilities because the value is trying to get stabilized at the range of 380$. Why I say this is during few days back while it fall in value the same scenario took place.

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If we can't make a move above 400 soon (which I don't think we will) then it's very possible that we'll fall to lower than 350, or even sub-300 before something sparks another rally. All the bad press is just coming down on us and the market can't take it, nevermind the whales using it to their advantage

MatTheCat

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Quote from: Morecoin Freeman on January 22, 2016, 03:37:29 PM

I call that $350 will be broken. Prepare.

Yep...I like $310, although I never did get my entry on this short trade (instead, I tried to play Long bounces, and got burned by the mkt once again):

https://www.tradingview.com/chart/BTCUSD/TivbFXdk-Short-Trade-Location-Hits/

One guy I know however, and who I rate very highly, reckons $280 -$290.

Whole lotta people are gonna be shitting their pants.

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