Bearish TA - page 2. | Bitcointalksearch.org

tokeweed

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Quote from: Okurkabinladin on April 08, 2015, 08:24:50 PM

So in your opinion double digits are possible and bear market will continue for another 3+ months? Not impossible, just unlikely. Final flash crash and recovery to atleast current levels seems more like bitcoin.

Lol. Don't rule anything out. A lot of people thought going > 600 was "impossible". Then > 500.. then > 300.

I honestly thought it wouldn't go below 200, but it did. Although it recovered. Right now I got buy orders at 170 - 180. Grin

inca

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Quote from: Pecunia non olet on April 08, 2015, 08:33:41 PM

Quote from: Okurkabinladin on April 08, 2015, 08:24:50 PM

So in your opinion double digits are possible and bear market will continue for another 3+ months? Not impossible, just unlikely. Final flash crash and recovery to atleast current levels seems more like bitcoin.

I'm undecided on the future but i thought this idea was interesting. I would not be surprised to find BTC in the 100$-range just because of the costs of running it are so high

3600 (coins) times 245 (dollar) times 365 days = 321 MILLION USD need to be spent on bitcoin in the next year for it to hold this current marketcap.
I am not sure if it can attract another 321 million after what we have seen lately and how it is looking right now. Downward pressure is quite high on this inflation-coin.

I'd be happy if we could enter some stagnation now until halving. I don't think a big bullrun is likely this year for this particular coin.

You think the cost of running the network is 3600*exchange price * 365?

Lol.

RyNinDaCleM

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Well, it can't be assumed that every one of those coins hit the market. There is no way to prove such speculation, but I will agree that there needs to be an exorbitant amount of new money coming in to hold this price long term or especially to start the next bull run.

I'll also add this as backing info for the chart in the OP

Pecunia non olet

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Quote from: Okurkabinladin on April 08, 2015, 08:37:25 PM

Fair, but you didnt count in, that many investors are hodlers (and I am not even counting Satoshi), efectivelly several millions of coins are out of the market. Either in storage or lost. Also ecosystem isnt stagnant, but still slowly growing. My point is, that just keeping current value of Btc might be much cheaper, than you suggest.

Btw.: Good TA Grin

perfectly possible.

The holding that is going on isn't so important compared to the additional supply of coins that keeps coming to market through mining every day imo. Coins being held and not traded don't affect the market. It's good people hold their coins BUT 3600 new coins are created each and every day for some more time. These need to be absorbed regularly at marketprice.

Okurkabinladin

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Fair, but you didnt count in, that many investors are hodlers (and I am not even counting Satoshi), efectivelly several millions of coins are out of the market. Either in storage or lost. Also ecosystem isnt stagnant, but still slowly growing. My point is, that just keeping current value of Btc might be much cheaper, than you suggest.

Btw.: Good TA Grin

perfectly possible.

Pecunia non olet

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Quote from: Okurkabinladin on April 08, 2015, 08:24:50 PM

So in your opinion double digits are possible and bear market will continue for another 3+ months? Not impossible, just unlikely. Final flash crash and recovery to atleast current levels seems more like bitcoin.

I'm undecided on the future but i thought this idea was interesting. I would not be surprised to find BTC in the 100$-range just because of the costs of running it are so high

3600 (coins) times 245 (dollar) times 365 days = 321 MILLION USD need to be spent on bitcoin in the next year for it to hold this current marketcap.
I am not sure if it can attract another 321 million after what we have seen lately and how it is looking right now. Downward pressure is quite high on this inflation-coin.

I'd be happy if we could enter some stagnation now until halving. I don't think a big bullrun is likely this year for this particular coin.

Okurkabinladin

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So in your opinion double digits are possible and bear market will continue for another 3+ months? Not impossible, just unlikely. Final flash crash and recovery to atleast current levels seems more like bitcoin.

Pecunia non olet

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https://twitter.com/whaleclubco/status/585967228681641984

i thought this idea was worth sharing

Topic: Bearish TA - page 2. (Read 1791 times)