780 broken.. 500 .. maybe even 220-240 again... ? - page 4.

Slow death

legendary

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I read something interesting.

Quote from: http://www.coindesk.com/bitcoin-freefall-prices-drop-200/

The answer to whether the current bitcoin rally is sustainable may lie in the volume numbers, or the amount of money traded per day across global bitcoin exchanges.

At least one exchange operator reported that the volume picture is different this year than it was during the last market high in late 2013, which saw prices cross the $1,100 mark before tumbling over the months to come.

When reached for comment, representatives from Chinese bitcoin exchange Huobi – which boasts nearly a quarter of the world’s bitcoin trading market share – said that the situation is very different from three years ago.

Exchange reps told CoinDesk:

"In 2013, when the price was 8,000 yuan, the weekly trading volume was 393,000 BTC, with an amplitude of the week up to 103%. The trading volume was very small. Today, bitcoin [prices] broke 8,000 yuan with 735m BTC trading volume, which is expected to double in a week."

The firm added: "Current trading volume is 37x of that in 2013 and bitcoin price fluctuates 15.95%, which is much more stable than the year 2013."

http://www.coindesk.com/bitcoin-freefall-prices-drop-200

I hope it does not fall below $600 because i will have many Losses

lottery248

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beware of your keys.

Quote from: Factmine on January 12, 2017, 01:47:09 AM

Quote from: Omega Weapon on January 12, 2017, 12:24:13 AM

Quote from: spazzdla on January 11, 2017, 01:15:29 PM

Get some buying ready around 220-240.. ?! :S not looking good boys.

I don't think we are going to see those prices again but if we do, I have my cash ready to exchange it for bitcoin, I was not part of the bitcoin world when those prices were real but now that I’m here I will be ready if it happens.

I agree, I don't think too that we would reach $200 levels again. Maybe the lowest is at $600 but never $200. But if it does go back at that point, I would buy the shit out of it and never think twice about it. I believe bitcoins would still matter in the far future and this is just a temporary setback for us and just a preparation for something greater.

+1 if bitcoin come to 200, i would buy 2 to 3 bitcoins eagerly, though, this kind of drop is indeed not happen, even if it is, it would only last for a short time because bitcoin has been going more popular over 2016.
CNY is limiting its financial flow, that's probably why the price of bitcoin drops

Amph

legendary

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it can't drop that low no more, you are forgotting the resistance at those level below 500 that brought us here, it can go lower to $700 and that's it

i still believe it can rise as a fast as it was dumped

Quote from: nydiacaskey01 on January 12, 2017, 01:44:40 AM

Not sure what happened last night when suddenly from $900 it dropped to $850 and then $770. i don't think it has something to do with the usual weak day trading whenever we approach weekend but I'm hoping that somehow this will pick up again next week Starting Monday or Tuesday. Although I see some good news in the Altcoin trading side I see a lot of greens over there but over here its red.

it was because of chinese dumping thinking that their government might size some of their exchange

Factmine

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Quote from: Omega Weapon on January 12, 2017, 12:24:13 AM

Quote from: spazzdla on January 11, 2017, 01:15:29 PM

Get some buying ready around 220-240.. ?! :S not looking good boys.

I don't think we are going to see those prices again but if we do, I have my cash ready to exchange it for bitcoin, I was not part of the bitcoin world when those prices were real but now that I’m here I will be ready if it happens.

I agree, I don't think too that we would reach $200 levels again. Maybe the lowest is at $600 but never $200. But if it does go back at that point, I would buy the shit out of it and never think twice about it. I believe bitcoins would still matter in the far future and this is just a temporary setback for us and just a preparation for something greater.

nydiacaskey01

legendary

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Not sure what happened last night when suddenly from $900 it dropped to $850 and then $770. i don't think it has something to do with the usual weak day trading whenever we approach weekend but I'm hoping that somehow this will pick up again next week Starting Monday or Tuesday. Although I see some good news in the Altcoin trading side I see a lot of greens over there but over here its red.

Rooster101

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Some buying spree might happen if the price of the bitcoin is crashed down to $240 or below. History may repeat itself but that remain to be seen as bitcoin might stage a rebound in the coming days or week. but if some factors that affect bitcoin's price dip still continue to prevail, it might go down further.

susila_bai

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What OP wants to tell is if the price goes to that range but in my sense if bitcoin goes to that range then i think we have to wait more 4 years to go back to 1000 range so it wont be in good faith if the bitcoin price goes below $700 range as it will really hurt the sentimental value of the new bitcoin users who had faith on bitcion so it wont be good.

pooya87

legendary

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one can only hope, i would personally love it if we could see another $200 because with all the money that i have gained from the last time price was $200 i would start buying 5 times more bitcoin and then go to the bank take a loan and then buy more bitcoin and even sell my house and buy more bitcoin because in a couple of months i can buy 3 bigger houses with the profit.

yonton

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Are bitcoin holders serious when they say they would be happy if btc is at 1000 in a year? I don't see the point in investing money in crypto for it to stay in the same price range for a year. Most are here for bigger increases than that otherwise whats the point. At least 2000 next year or its not worth it.

Lisaren

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Quote from: spazzdla on January 11, 2017, 01:15:29 PM

Get some buying ready around 220-240.. ?! :S not looking good boys.

it will never happen under 300$ I'm sure but it will down at 600$ and that is bottom line Then it will reccover 900$ or 1000$ in 2 months later.
it can hit 1,200$ at the end of this year.

DiCE1904

legendary

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Quote from: jjacob on January 11, 2017, 07:32:24 PM

Quote from: spazzdla on January 11, 2017, 01:15:29 PM

Get some buying ready around 220-240.. ?! :S not looking good boys.

We are doing some accumulation now.
It doesn't matter where the price heads in the short-term. Our weighted average cost of bitcoins will be low.
When it does rocket, we will profit.

This is the ticket right here

modsrocky

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200 would be nice, but 500 is the lowest. but when its 500 you should buy a lot!

Omega Weapon

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Quote from: spazzdla on January 11, 2017, 01:15:29 PM

Get some buying ready around 220-240.. ?! :S not looking good boys.

I don't think we are going to see those prices again but if we do, I have my cash ready to exchange it for bitcoin, I was not part of the bitcoin world when those prices were real but now that I’m here I will be ready if it happens.

notme

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I'll just keep making my weekly buys (and making a few small scalps every now an then). As long as we are above 1000 in a couple years, I'll be very happy.

aardvark15

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I could see the price drop to $500 but lower than that just seems too low. I would consider buying more near $500.

lolxxxx

legendary

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I don't think so and I hope that bitcoin just stable at 700$ and nothing more.

boyshx

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no way, 500 would be the lowest I think it can go. Some of you are either overreacting or spamming.

Tanic

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150$ fail. It doesn't look good. And the thing that scares the most on the net there is no any breaking news about the possible reasons about such big and fast drop!

Trayber

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Quote from: calkob on January 11, 2017, 01:33:12 PM

Like i said it wont go there and if you think it will i will put a bet on with ya for 0.5 btc, if it hits $220 i will give you 0.5 if not in the next 6 months you give me 0.5, Deal ? Grin

This is not a fair bet because if he is right and it does go to down to $220 you are only risking .5 of that or around $100. But if hes wrong and bitcoin price remains high then he is paying much more. Nice try to sucker bet him into this though

jjacob

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Quote from: spazzdla on January 11, 2017, 01:15:29 PM

Get some buying ready around 220-240.. ?! :S not looking good boys.

We are doing some accumulation now.
It doesn't matter where the price heads in the short-term. Our weighted average cost of bitcoins will be low.
When it does rocket, we will profit.

Topic: 780 broken.. 500 .. maybe even 220-240 again... ? - page 4. (Read 4274 times)