My guesstimate for the drops that will happen during the next days is a bottom of 500$ - 550$ on Gox and about 100$ lower on Bitstamp, where the ask side looks menacing.
But it will rebound, because this upcoming large drop will only end the first 1 / 3 of wave C, and 2 upward sub-sub-waves will follow. As for the end of wave C, it's too early to tell.
Topic: Another BEARS ONLY discussion. When will bitcoin finally drop and how far? - page 4. (Read 4274 times)
January 16, 2014, 07:53:09 PM
January 16, 2014, 07:44:29 PM
Every time it seems like it will fall, it doesn't, because someone steps in and places huge buy walls. Manipulation on the exchanges is really obvious.
January 16, 2014, 07:34:29 PM
Its going down pretty low right now, maybe this will be the time it finally pops.
January 16, 2014, 07:25:45 PM
880
January 16, 2014, 07:24:34 PM
I have my buy orders starting at $200 on btc-e
January 16, 2014, 07:11:11 PM
January 16, 2014, 07:09:56 PM
Bears only discussion please, please post elsewhere if you're bullish. Serious discussion only here.
I sold all my bitcoins last week as I pulled out of all my alts prior to this. I am certain bitcoin will fall lower, and it seems to want to go lower but somehow just keeps rebounding back. Every rebound has failed.
From what I notice there seems to be very little demand above $900's. Nobody seems to want to pay that much money for a bitcoin. We have super low volume and it seems most people are just sitting back and waiting.
Since I sold, it has already went lower and rebounded back like there times. Since I am bearish and think bitcoin got too ahead of itself, and is way too ahead of itself with all the china issues, I am sticking with my bet that it will go lower. Lets face the fact that $800 bitcoin is still a very high amount.
My other reason for bitcoin going lower is that major wales are not making money with the lack of demand above $800 and for them to make money they will let the price fall.
I ask fellow bears, if there are any out there and if there are any out there brave enough to post here, when do you think the price will start to show a significant fall, like staying in the 700's for at least a day.
How far of a fall are we looking at? Do you think we fall below $500's for example?
Or maybe you bears are bullish now, thinking we will just have sideways trading for a while at most, then the prices will start to rise again?
We did predict the last fall in our "bears only" thread that bitcoin would bottom out around $500-$600 and we were right. So I assume we will figure out what is going on here if enough of you offer your thoughts/insight.
I sold all my bitcoins last week as I pulled out of all my alts prior to this. I am certain bitcoin will fall lower, and it seems to want to go lower but somehow just keeps rebounding back. Every rebound has failed.
From what I notice there seems to be very little demand above $900's. Nobody seems to want to pay that much money for a bitcoin. We have super low volume and it seems most people are just sitting back and waiting.
Since I sold, it has already went lower and rebounded back like there times. Since I am bearish and think bitcoin got too ahead of itself, and is way too ahead of itself with all the china issues, I am sticking with my bet that it will go lower. Lets face the fact that $800 bitcoin is still a very high amount.
My other reason for bitcoin going lower is that major wales are not making money with the lack of demand above $800 and for them to make money they will let the price fall.
I ask fellow bears, if there are any out there and if there are any out there brave enough to post here, when do you think the price will start to show a significant fall, like staying in the 700's for at least a day.
How far of a fall are we looking at? Do you think we fall below $500's for example?
Or maybe you bears are bullish now, thinking we will just have sideways trading for a while at most, then the prices will start to rise again?
We did predict the last fall in our "bears only" thread that bitcoin would bottom out around $500-$600 and we were right. So I assume we will figure out what is going on here if enough of you offer your thoughts/insight.
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