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Topic: $590 won't hold! Another dump to $550 can be expected in 48hours - page 2. (Read 5016 times)

hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
2.5 hours left. Things aren't looking pretty, but I'd accept bets that we won't be at $550 withing 3 hours Smiley
sr. member
Activity: 644
Merit: 260
When the price down, people buy BTC
and because many people but BTC, the price went up again

this case usually happen, and the low price only lasts about a week (if i'm right)

It depends, if the drop is caused by a bad news, usually the panic sellers will enter in the game together with trading bots,
crashing the price by a large percent.
sr. member
Activity: 252
Merit: 251
Knowledge its everything
When the price down, people buy BTC
and because many people but BTC, the price went up again

this case usually happen, and the low price only lasts about a week (if i'm right)
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
Up or down...I am agnostic. Really don't care.

If it goes up, my stake grows in value and purchasing power.

If it goes down, I buy. Tough for me to buy right here, but we are close.

I am also happy with either up and down, but I do care a lot. Mainly because it makes the day interesting and I also like counting my profits Smiley

Tough call for me now, sold at 650, and wondering whether to buy in now. I will wait over the weekend and see how it moves.
newbie
Activity: 21
Merit: 0
I bought at $650...  :l
hero member
Activity: 532
Merit: 500
We are always in the down trend of $1200 to $0 which started from last year, $6xx is already the top bubble we can reach after all these Dead Cat Bounces

The "downtrend to $0" is impossible, if the price will fall to $100 there will be so many buyers that the value will be raised to the current levels.

$100.00 people will flock on it like flies on poo. The price will sky rocket way past $1000 with all the pump coming in. I'd love to see it to give me a chance to bag hold some coins Smiley
Maybe, but maybe not.  Unless the price slowly descends to 100 over a long period of time, it would take something pretty catastrophic for price to drop that far.  It barely got down to that on Gox even when bankruptcy was almost certain--I'm thinking something like the US and China both banning bitcoin.  If that happened, would you still want to buy in?
full member
Activity: 168
Merit: 100
We are always in the down trend of $1200 to $0 which started from last year, $6xx is already the top bubble we can reach after all these Dead Cat Bounces

The "downtrend to $0" is impossible, if the price will fall to $100 there will be so many buyers that the value will be raised to the current levels.

$100.00 people will flock on it like flies on poo. The price will sky rocket way past $1000 with all the pump coming in. I'd love to see it to give me a chance to bag hold some coins Smiley
newbie
Activity: 56
Merit: 0
We are always in the down trend of $1200 to $0 which started from last year, $6xx is already the top bubble we can reach after all these Dead Cat Bounces

Finally the $6xx bubble is going to burst, another dump to $550 then rebounce to $56x can be expected in 48 hours

Money in bitcoin is right now on the capital flight ! Fake VC-money involded news & large companies & ethereum are helping the way out!

Quote
Quote from: mmitech on Today at 12:37:19 PM
how easy it became to bring the price to its knees, a 1000 BTC dump cause so much attention, there is no more interest in buying Bitcoin .... I have a feeling that the adoption rate is decreasing instead of slowing down or stopping, many people are getting out.

if things keeps this way, I will have to cash out everything in a month or so, better take my profits while I can.
What are guys like Falling afraid of. While he spends his days jerking off, the speculators here are busy putting their money where their mouth is and are busy losing and making money. Yes it could go to 0$ so what! its not the end of the world, most of us have the balls to take it and start over. My bet is that in 2 years time it will be worth more than now, it may not be but thats where I am.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Just about 20 more hours and we can close this FUD thread and move on continue with the sideways movement!
hero member
Activity: 675
Merit: 507
Freedom to choose
We are always in the down trend of $1200 to $0 which started from last year, $6xx is already the top bubble we can reach after all these Dead Cat Bounces

Good one. I hope price crashes too. I need to buy back some cheaper coins.
That would be great. I just spent 1.2BTC at $620. I would love to replace them at $500. A fall to 0 is laughable and shows a lack of understanding, but when the price goes down I buy. This strategy has never failed me. I have yet to loose a penny.

Supply and Demand will never allow the price to drop to $0, only if SHA/SSL is compromised. And then the question is bitcoin being affected by those exploits?

If people are patient they will watch the next bull run, then buy on the 2nd dip. First dip is the dead cat bounce, second is usually where the new support levels will be.. *usually*
legendary
Activity: 2730
Merit: 1288
We are always in the down trend of $1200 to $0 which started from last year, $6xx is already the top bubble we can reach after all these Dead Cat Bounces

Good one. I hope price crashes too. I need to buy back some cheaper coins.


it will it will, just patience my friend  Wink
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
We are always in the down trend of $1200 to $0 which started from last year, $6xx is already the top bubble we can reach after all these Dead Cat Bounces

Good one. I hope price crashes too. I need to buy back some cheaper coins.
That would be great. I just spent 1.2BTC at $620. I would love to replace them at $500. A fall to 0 is laughable and shows a lack of understanding, but when the price goes down I buy. This strategy has never failed me. I have yet to loose a penny.
hero member
Activity: 532
Merit: 500
Hoping the same.

Will scoop up some in the 300-400 range. Not going to buy at this level.

And if it rallies like a mad man into 5 digits only to crash down to mid four digits you'd still agree that buying at this level is a bad move?  See, idk what's going to happen, but this logic of "i hope it crashes so i get more cheap coins" seems a hell of a lot riskier than just cost averaging irrespective of price.
I think it depends on how much capital you have and your general strategy.  It sounds to me like tooil is just being patient, which is a very good virtue to practice in trading and investing.  Such a strategy reduces overall risk of loss considerably.  The trade-off, of course, is that your risk of missing a big rally is greater.

But really, at the moment, it doesn't look like we're going anywhere fast, so patience seems wise.  I know things can turn on a dime, but we've had loads of positive news lately, and none of it has been enough to make BTC break $700.  We need either some news that's a real game-changer or some major market to open up (country, investment fund, ETF, etc.) to move us higher.
legendary
Activity: 1960
Merit: 1130
Truth will out!
First day here for me but I think I've just recognized the first troll of the forum. Cheesy

It's just people that want to buy at low prices because they haven't done before.
They're spreading some FUD, so we have to ignore them,  Cheesy it's the best thing that we can do haha.
member
Activity: 68
Merit: 10
First day here for me but I think I've just recognized the first troll of the forum. Cheesy
full member
Activity: 196
Merit: 100
Hi
We are always in the down trend of $1200 to $0 which started from last year, $6xx is already the top bubble we can reach after all these Dead Cat Bounces

Good one. I hope price crashes too. I need to buy back some cheaper coins.
I really think the OP is just trolling.
sr. member
Activity: 322
Merit: 250
All of this just means more and more opportunities for smart long run sighted people to keep collecting more and more Bitcoin. Can't wait to see how the Ethereum thing turns out. Hope Vitalik doesn't pull a Karpeles on the investors.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
5000 BTC worth of support on bitstamp alone from here to $550.

Good luck with that lol
hero member
Activity: 784
Merit: 500
A troll quoting another troll, classic.   Roll Eyes

Same kind of guys that panic dumped in the peak at $2, hehe.

Sell cheap, we´re are buying.
legendary
Activity: 1512
Merit: 1000
Hoping the same.

Will scoop up some in the 300-400 range. Not going to buy at this level.

And if it rallies like a mad man into 5 digits only to crash down to mid four digits you'd still agree that buying at this level is a bad move?  See, idk what's going to happen, but this logic of "i hope it crashes so i get more cheap coins" seems a hell of a lot riskier than just cost averaging irrespective of price.
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