Seems like so far we have good resistance at $200. Just last night and the week before the price rebounded rather quickly after touching $200 or slightly below.
Not saying it won't go lower, but that's at least one positive. I feel the price very well could crash a lot more if the percentage of XT nodes/miners continues to go up. The stock market action certainly doesn't help either.
Topic: Bitcoin Goes Below $200 (Read 1988 times)
The growing price for some hours is forth wave of elliot waves for reading downtrend way and reaching target $150 ....
I'd love the buy at these prices but I don't want to be left with a bag full of XT shit coins 
XT is altclient, it is still Bitcoin and you can use the Bitcoins with xt or core client...put it in cold storage and you dont have to care about what implementation win 
The Hong Kong-based exchange Bitfinex, which witnessed a 'flash crash' just last week, halted trading for a seven-hour period this morning. The price of bitcoin slumped again today after Bitfinex closed its order book, citing issues with its post-trade processing.
I wish people would stop trying to find reasons to rationalise the price action. Everything is planned. We move from price to price based on what the market feels like over a period of time. The market maker simply moves the price in the direction that is most profitable for them. This could be something that was planned months ago, for months into the future.
Can you just imagine where the price would have been, if we did not have the XT drama? I bet we would have once again broken through the $300 price range, because a lot of people are looking towards safe havens during this small China crisis. Mike&Gavin spoiled a pretty good party for all of us.
Now we have noobers panic selling like crazy and speculators running into table and walls. It's actually a little bit funny, if you not one of them. ^hmf^
Now we have noobers panic selling like crazy and speculators running into table and walls. It's actually a little bit funny, if you not one of them. ^hmf^
to the current price of bitcoin is still $212, I also heard that bitcoin will reach the price of $ 200,,, if this is just temporary or the price will drop to $100
The Chines own more bitcoins then every other nation on earth combined.
The collapse of the chines stock markets should have caused a nice bump in Bitcoins price but the opposite happened.
I agree this is a issue of trust in the system. People are losing trust in the Bitcoin system. They don't trust it because of the possibility of a hard fork.
the irony of a trustless system
The Chines own more bitcoins then every other nation on earth combined.
The collapse of the chines stock markets should have caused a nice bump in Bitcoins price but the opposite happened.
I agree this is a issue of trust in the system. People are losing trust in the Bitcoin system. They don't trust it because of the possibility of a hard fork.
I think it crashed because of dow crashing
The interesting thing is September 2015 has been speculated to be one of massive economic collapse by many respected economist for quite some time, in part due to the seven year cycle... which is a bit 'woo woo', yet has some solid historical credibility.
I think it would have been natural for Bitcoin to perform well with these kind of stock market/economic collapses, as gold usually spikes up hard too... and the price of gold has had a good jump within the past five day.
I'm not sure I consider this fortunate or unfortunate. From a buying in perspective, I of course like cheap, but from a long term point of view I'd have liked to see the price of BTC go up which would have given many the confidence to invest more in BTC as a hedge against banks/fiat.
What with the uncertainty around Bitcoin at the moment, quite the opposite has happened.
I"m not confident the network or the community could survive a hard fork, that uncertainty is growing threw out the community.
If your looking for someone to blame then blame Gaven Anderson, he sees bitcoin as his toy and he wants complete control over it.
If your looking for someone to blame then blame Gaven Anderson, he sees bitcoin as his toy and he wants complete control over it.
Halfing day is 48 weeks out so I'm selling everything I have now.
I'll wait to see if Bloat coin fork happens before halfing-day, if it dose I'll leave bitcoin forever.
If GavenCoin is killed and put to rest then I"ll buy back in just before halfing-day with plans to sell a few weeks or months after that.
I expect another huge 'to the moon' within 6 months after halfing day IF gavencoin is killed.
I think it crashed because of dow crashing
Halfing day is 48 weeks out so I'm selling everything I have now.
I'll wait to see if Bloat coin fork happens before halfing-day, if it dose I'll leave bitcoin forever.
If GavenCoin is killed and put to rest then I"ll buy back in just before halfing-day with plans to sell a few weeks or months after that.
I expect another huge 'to the moon' within 6 months after halfing day IF gavencoin is killed.
Hey.. it's not as bad as dow...or chinext
I'd love the buy at these prices but I don't want to be left with a bag full of XT shit coins
What the hell is everyone's deal? If there is a true blockchain split and you play your cards right you get coins on both branches! If you have 100 coins before the split you get 100 "Bitcoins" and 100 "XT Bitcoins"No problem. In fact I am running both full nodes and both wallets so I can double my coins if that happens.
I actually believe that any split will be temporary. But it is fun to dream.
When a market is trending strongly (in either direction), it tends to keep going in the direction.
It's sort of a self fulfilling prophecy.
For example, in a bear market, prices are falling. Since no one knows where
the bottom is, buyers tend to stay away. Few are interested in buying
until they see some support or strength. So its a one sided market.
Eventually, the price will be so low that the bears are no longer interested
in selling at such a lower price. Short sellers will be taking profits, thus buying
back their positions, and some early bulls will come in who see value at a discounted price.
Then the market reverses.
It's sort of a self fulfilling prophecy.
For example, in a bear market, prices are falling. Since no one knows where
the bottom is, buyers tend to stay away. Few are interested in buying
until they see some support or strength. So its a one sided market.
Eventually, the price will be so low that the bears are no longer interested
in selling at such a lower price. Short sellers will be taking profits, thus buying
back their positions, and some early bulls will come in who see value at a discounted price.
Then the market reverses.
Yes, this is my philosophy also.
There has always been drama to blame the ups and downs on. This time it is OMG/XT/Hern/GAVIN/The Sky is Falling/FORK. Just another day in Bitcoinland for as far back as I can remember. You noobs missed the first block subsidy halving. Stick around for all the drama at the next subsidy halving - that will be fun.
I'd love the buy at these prices but I don't want to be left with a bag full of XT shit coins
it looks like $100 is the new entrance point now.
i know this stupid project of them would cause this sort of mess.
A gz to Gavin and his team for this disaster!
i know this stupid project of them would cause this sort of mess.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
When a market is trending strongly (in either direction), it tends to keep going in the direction.
It's sort of a self fulfilling prophecy.
For example, in a bear market, prices are falling. Since no one knows where
the bottom is, buyers tend to stay away. Few are interested in buying
until they see some support or strength. So its a one sided market.
Eventually, the price will be so low that the bears are no longer interested
in selling at such a lower price. Short sellers will be taking profits, thus buying
back their positions, and some early bulls will come in who see value at a discounted price.
Then the market reverses.
It's sort of a self fulfilling prophecy.
For example, in a bear market, prices are falling. Since no one knows where
the bottom is, buyers tend to stay away. Few are interested in buying
until they see some support or strength. So its a one sided market.
Eventually, the price will be so low that the bears are no longer interested
in selling at such a lower price. Short sellers will be taking profits, thus buying
back their positions, and some early bulls will come in who see value at a discounted price.
Then the market reverses.
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