$350 will be the bottom - page 6. | Bitcointalksearch.org

uki

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Quote from: romero121 on April 10, 2016, 11:23:34 AM

The price has bumped to $470 as quoted by the mate during the end of last year with a hope to reach $500 but fortunately it didn't reached. That $500 will be reached soon.

What is soon to you? one day? one week? two months?
$500 won't be reached that easily, and once we get there expect many people taking profits.

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Quote from: Gotumoot on April 07, 2016, 03:35:15 PM

Quote from: randy8777 on April 07, 2016, 07:02:29 AM

Quote from: vatusasid on April 07, 2016, 06:41:17 AM

Quote from: Kollor on April 05, 2016, 09:15:06 AM

Quote from: ElpadroBitcoin on April 05, 2016, 02:49:52 AM

Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

Yeah, $350 is the new bottom right now..Buy time at above $350 is over,.. The price is just circling around $400...So everyone should take advantage of the price now as we are expecting a more upward movement of the price...We should buy now if we can as we are only 2 months to halving...

The price is mainly above the $400 level. So the $400 number could be the bottom price in the near future.

we will only figure out whether the $400 price level is the bottom or not once there is a dump pushing the price very close to the $400 level. then we can say that the bottom for now is $400. otherwise the previous low of below $400 is still the real bottom.

That is right. We need something like this: the price was pumped to $470, then it drops a lot, but still higher than $400.

The price has bumped to $470 as quoted by the mate during the end of last year with a hope to reach $500 but fortunately it didn't reached. That $500 will be reached soon.

uki

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Quote from: LazerViking on April 05, 2016, 01:03:31 AM

I believe KennyR is right. It doesn't necessarily have to happen, but I do think we will see the price below $400 one last time. One more big dump just to shake out the weak hands. $385 is a good guess for where it will end up after it gets whacked down. That would be my buy target, if I was to buy more. But, if I didn't currently own any bitcoins, I would't wait and would just buy now to be safe. Because a $35 difference isn't that much.
My next big prediction is that we will never see $350 bitcoins ever again. Just as we will never see $70 bitcoins again and haven't since the last meteoric rise. I think we are on the verge of the next big move up. We will stay steadily climbing higher until $450-470. Then right before/during/or right after the reward halving we will get the knock down on the price as an attempt to scare everyone out of their positions. It will work on a few, but for the ones who have been around for a while, we will just HODL and yawn. This knock down will not last long, and will be the last opportunity for cheap coins before the moonshot.

$350 never again? Well, let me disagree. While I see $350 as good and solid mid-term support I wouldn't say it can't be breached. The same way we had $2xx price after going to ath, we may also see people disappointed with the 'halving effect' dumping in mass and pushing the price lower, where 'theoretically' it shouldn't ever be. Bear in mind that after this halving 75% of all coins will be already mined. That means there are enough coins in circulation to push the price arbitrary low.

uki

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Quote from: randy8777 on April 07, 2016, 07:02:29 AM

Quote from: vatusasid on April 07, 2016, 06:41:17 AM

Quote from: Kollor on April 05, 2016, 09:15:06 AM

Quote from: ElpadroBitcoin on April 05, 2016, 02:49:52 AM

Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

Yeah, $350 is the new bottom right now..Buy time at above $350 is over,.. The price is just circling around $400...So everyone should take advantage of the price now as we are expecting a more upward movement of the price...We should buy now if we can as we are only 2 months to halving...

The price is mainly above the $400 level. So the $400 number could be the bottom price in the near future.

we will only figure out whether the $400 price level is the bottom or not once there is a dump pushing the price very close to the $400 level. then we can say that the bottom for now is $400. otherwise the previous low of below $400 is still the real bottom.

Things have not changed much in the last two months. $350 is the mid-term bottom, but we also didn't leave in the rear mirror for good. There is simply not enough reasons to move in other direction than sideways and thus any calls about $400 becoming new bottom are too early.

Gotumoot

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Quote from: randy8777 on April 07, 2016, 07:02:29 AM

Quote from: vatusasid on April 07, 2016, 06:41:17 AM

Quote from: Kollor on April 05, 2016, 09:15:06 AM

Quote from: ElpadroBitcoin on April 05, 2016, 02:49:52 AM

Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

Yeah, $350 is the new bottom right now..Buy time at above $350 is over,.. The price is just circling around $400...So everyone should take advantage of the price now as we are expecting a more upward movement of the price...We should buy now if we can as we are only 2 months to halving...

The price is mainly above the $400 level. So the $400 number could be the bottom price in the near future.

we will only figure out whether the $400 price level is the bottom or not once there is a dump pushing the price very close to the $400 level. then we can say that the bottom for now is $400. otherwise the previous low of below $400 is still the real bottom.

That is right. We need something like this: the price was pumped to $470, then it drops a lot, but still higher than $400.

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Quote from: vatusasid on April 07, 2016, 06:41:17 AM

Quote from: Kollor on April 05, 2016, 09:15:06 AM

Quote from: ElpadroBitcoin on April 05, 2016, 02:49:52 AM

Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

Yeah, $350 is the new bottom right now..Buy time at above $350 is over,.. The price is just circling around $400...So everyone should take advantage of the price now as we are expecting a more upward movement of the price...We should buy now if we can as we are only 2 months to halving...

The price is mainly above the $400 level. So the $400 number could be the bottom price in the near future.

we will only figure out whether the $400 price level is the bottom or not once there is a dump pushing the price very close to the $400 level. then we can say that the bottom for now is $400. otherwise the previous low of below $400 is still the real bottom.

vatusasid

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Quote from: Kollor on April 05, 2016, 09:15:06 AM

Quote from: ElpadroBitcoin on April 05, 2016, 02:49:52 AM

Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

Yeah, $350 is the new bottom right now..Buy time at above $350 is over,.. The price is just circling around $400...So everyone should take advantage of the price now as we are expecting a more upward movement of the price...We should buy now if we can as we are only 2 months to halving...

The price is mainly above the $400 level. So the $400 number could be the bottom price in the near future.

Kollor

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Quote from: ElpadroBitcoin on April 05, 2016, 02:49:52 AM

Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

Yeah, $350 is the new bottom right now..Buy time at above $350 is over,.. The price is just circling around $400...So everyone should take advantage of the price now as we are expecting a more upward movement of the price...We should buy now if we can as we are only 2 months to halving...

ElpadroBitcoin

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Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

LazerViking

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I believe KennyR is right. It doesn't necessarily have to happen, but I do think we will see the price below $400 one last time. One more big dump just to shake out the weak hands. $385 is a good guess for where it will end up after it gets whacked down. That would be my buy target, if I was to buy more. But, if I didn't currently own any bitcoins, I would't wait and would just buy now to be safe. Because a $35 difference isn't that much.
My next big prediction is that we will never see $350 bitcoins ever again. Just as we will never see $70 bitcoins again and haven't since the last meteoric rise. I think we are on the verge of the next big move up. We will stay steadily climbing higher until $450-470. Then right before/during/or right after the reward halving we will get the knock down on the price as an attempt to scare everyone out of their positions. It will work on a few, but for the ones who have been around for a while, we will just HODL and yawn. This knock down will not last long, and will be the last opportunity for cheap coins before the moonshot.

richardsNY

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Quote from: BitMaxz on April 04, 2016, 11:47:41 AM

Quote from: peta4e on April 04, 2016, 11:41:42 AM

Quote from: EastBirth on April 04, 2016, 11:26:35 AM

Quote from: oblivi on March 27, 2016, 12:46:27 PM

Well it turns out OP was right. If you do a zoom out in Bitcoinwisdom.com you will see that the bottom was around that range, and we have been far out of that price since then. It's safe to say we are not going to see anything near 350$ again.

Exactly, the bottom price for the near future will be around $350. After the halving, the bottom will be $400 or more.

Yeah I don't think that bitcoin will go below $400 even after the halving as the price is rising slowly now so we can expect higher price even after the halving.

But there's a possibility that the price will crash again back below $400 we dont know what will happen after halving maybe instead the price is slowly increasing the price will slow decrease..

At this point we still may see the price fall below $400 as the current price of $419 most likely won't survive a good dump. If after the block halving the price goes up to around $550-$600 the probability of seeing the price go sub $400 is getting smaller and smaller. Only time will tell.

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Quote from: peta4e on April 04, 2016, 11:41:42 AM

Quote from: EastBirth on April 04, 2016, 11:26:35 AM

Quote from: oblivi on March 27, 2016, 12:46:27 PM

Well it turns out OP was right. If you do a zoom out in Bitcoinwisdom.com you will see that the bottom was around that range, and we have been far out of that price since then. It's safe to say we are not going to see anything near 350$ again.

Exactly, the bottom price for the near future will be around $350. After the halving, the bottom will be $400 or more.

Yeah I don't think that bitcoin will go below $400 even after the halving as the price is rising slowly now so we can expect higher price even after the halving.

But there's a possibility that the price will crash again back below $400 we dont know what will happen after halving maybe instead the price is slowly increasing the price will slow decrease..

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Quote from: EastBirth on April 04, 2016, 11:26:35 AM

Quote from: oblivi on March 27, 2016, 12:46:27 PM

Well it turns out OP was right. If you do a zoom out in Bitcoinwisdom.com you will see that the bottom was around that range, and we have been far out of that price since then. It's safe to say we are not going to see anything near 350$ again.

Exactly, the bottom price for the near future will be around $350. After the halving, the bottom will be $400 or more.

Yeah I don't think that bitcoin will go below $400 even after the halving as the price is rising slowly now so we can expect higher price even after the halving.

gtglener

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Quote from: EastBirth on April 04, 2016, 11:26:35 AM

Quote from: oblivi on March 27, 2016, 12:46:27 PM

Well it turns out OP was right. If you do a zoom out in Bitcoinwisdom.com you will see that the bottom was around that range, and we have been far out of that price since then. It's safe to say we are not going to see anything near 350$ again.

Exactly, the bottom price for the near future will be around $350. After the halving, the bottom will be $400 or more.

But I don't think that the bottom of it will be $400 or $350, the time a day before halving the price will be reached to about $550 or $600, and after that when halving occur the price will cross about $800 or iff we were lucky then it will reach to or will cross $1000, and after that everyone will have to use it for some normal use as I am seeing, and so it will not come back much faster.

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Quote from: oblivi on March 27, 2016, 12:46:27 PM

Well it turns out OP was right. If you do a zoom out in Bitcoinwisdom.com you will see that the bottom was around that range, and we have been far out of that price since then. It's safe to say we are not going to see anything near 350$ again.

Exactly, the bottom price for the near future will be around $350. After the halving, the bottom will be $400 or more.

oblivi

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Well it turns out OP was right. If you do a zoom out in Bitcoinwisdom.com you will see that the bottom was around that range, and we have been far out of that price since then. It's safe to say we are not going to see anything near 350$ again.

Red-Apple

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Quote from: Ulloa on March 27, 2016, 03:55:35 AM

Quote from: Hashminers on March 06, 2016, 05:39:21 PM

Quote from: uki on March 06, 2016, 04:51:00 PM

Quote from: Mickeyb on March 06, 2016, 01:25:08 PM

Quote from: MaritiJames3 on March 06, 2016, 01:17:20 PM

350 is the new low. I've seen the price go down a few times. But it did not pass the 350 mark.
Which means it's a low with some good buy support.

We'll see about that in a few weeks. I expect it to drop down by at least $50 when its dumped later on

$350 has been a solid bottom since the last November pump. That is already something, and as mentioned it has been tested as a support twice or three times already, with relatively negative set of news (Mike leaving Bitcoin for good, Cryptsy going out of business, etc.). therefore I think, at least until halving we should hold $350 as a bottom. Later on, with the disappointment with price action on halving, the situation may change, and I don't exclude sub-$350 prices.

Well the price did sail for weeks around the 320 border. Which is a pretty good low for me. From 200 to 250 to 320.
This is what i can call steady progress. Let's see and find out if the new support is 400 dollar.

Indeed 350 is very low for the bottom, I hope that only 400 will be the bottom for Bitcoin, so it will not fall down that much.
You can also see that the value is now a bit stable so that is quite okay for Bitcoin, but we are of course waiting for a price increase.

even if the price goes below $400, that is going to be extremely temporary.

so it might go down because of a dump in order to create a chance for buying more by traders but it will come back up fast.

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Quote from: Ulloa on March 27, 2016, 03:55:35 AM

Quote from: Hashminers on March 06, 2016, 05:39:21 PM

Quote from: uki on March 06, 2016, 04:51:00 PM

Quote from: Mickeyb on March 06, 2016, 01:25:08 PM

Quote from: MaritiJames3 on March 06, 2016, 01:17:20 PM

350 is the new low. I've seen the price go down a few times. But it did not pass the 350 mark.
Which means it's a low with some good buy support.

We'll see about that in a few weeks. I expect it to drop down by at least $50 when its dumped later on

$350 has been a solid bottom since the last November pump. That is already something, and as mentioned it has been tested as a support twice or three times already, with relatively negative set of news (Mike leaving Bitcoin for good, Cryptsy going out of business, etc.). therefore I think, at least until halving we should hold $350 as a bottom. Later on, with the disappointment with price action on halving, the situation may change, and I don't exclude sub-$350 prices.

Well the price did sail for weeks around the 320 border. Which is a pretty good low for me. From 200 to 250 to 320.
This is what i can call steady progress. Let's see and find out if the new support is 400 dollar.

Indeed 350 is very low for the bottom, I hope that only 400 will be the bottom for Bitcoin, so it will not fall down that much.
You can also see that the value is now a bit stable so that is quite okay for Bitcoin, but we are of course waiting for a price increase.

Bitcoin might go down till $385. The reason is bitcoin has got circulated around $385 for a long time.

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Quote from: Hashminers on March 06, 2016, 05:39:21 PM

Quote from: uki on March 06, 2016, 04:51:00 PM

Quote from: Mickeyb on March 06, 2016, 01:25:08 PM

Quote from: MaritiJames3 on March 06, 2016, 01:17:20 PM

350 is the new low. I've seen the price go down a few times. But it did not pass the 350 mark.
Which means it's a low with some good buy support.

We'll see about that in a few weeks. I expect it to drop down by at least $50 when its dumped later on

$350 has been a solid bottom since the last November pump. That is already something, and as mentioned it has been tested as a support twice or three times already, with relatively negative set of news (Mike leaving Bitcoin for good, Cryptsy going out of business, etc.). therefore I think, at least until halving we should hold $350 as a bottom. Later on, with the disappointment with price action on halving, the situation may change, and I don't exclude sub-$350 prices.

Well the price did sail for weeks around the 320 border. Which is a pretty good low for me. From 200 to 250 to 320.
This is what i can call steady progress. Let's see and find out if the new support is 400 dollar.

Indeed 350 is very low for the bottom, I hope that only 400 will be the bottom for Bitcoin, so it will not fall down that much.
You can also see that the value is now a bit stable so that is quite okay for Bitcoin, but we are of course waiting for a price increase.

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Quote from: vatusasid on March 15, 2016, 09:27:36 AM

After a few months since the OP, the lower bound of the price is $400 now. The price is floating above it for some time.

I think the price will be $400 this month and it will be $450 in April. Then it will go above $500 in May.

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