Bitcoin prices fall $250 --> $240 where next ? $500 ? - page 2.

inca

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Quote from: Morecoin Freeman on March 29, 2015, 02:14:20 PM

Well the general consensus seems to be prices will go down.
But of course do as you please.

A lot of people seem to worry about missing out on a big pump. But the fun fact is bitcoin will not go to $1.000,- per coin overnight.
Once the bear market is finished there will be plenty of time to buy back in.

When will this bear market end? No one knows...

Anyone can check the logarithmic downtrend line for themselves on bitcoinwisdom.com. It is currently around 330. In June it will be down to 260's.

Let us know how using forum sentiment to arrive at a 'general consensus' works out for you over the longer term

Morecoin Freeman

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Well the general consensus seems to be prices will go down.
But of course do as you please.

A lot of people seem to worry about missing out on a big pump. But the fun fact is bitcoin will not go to $1.000,- per coin overnight.
Once the bear market is finished there will be plenty of time to buy back in.

When will this bear market end? No one knows...

1Referee

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Quote from: ?? on ??

Quote from: Amph on March 29, 2015, 11:34:20 AM

Quote from: 1Referee on March 29, 2015, 10:44:51 AM

For some reason once Bitcoin nears $300 level something happens or bad news shows up and it falls down to below ~$250 level again.

Is it coincidence, or is a group of traders heavily manipulating the price. But then again, why would they keep Bitcoin down as they had plenty of time to buy in already.

Bitcoin is a free market. We decide the price of Bitcoin. That basically means we don't think Bitcoin is currently worth $300.

the problem is with the "we", right now are the whales that decide the price of bitcoin, they don't keep it down, they aim at fish that buy coins, then they dump hard, hence repeat, this is why you see those crash

That's right and the answer to his question is: no, it's not coincidence! Yes, the price is manipulated by people, who hold thousands of coins and want to have more. If you wanted to liquidate at stable prices you wouldn't dump it all at once, right? If you see a flat line and then suddenly somebody dumps 2000 coins at once you should know what's going on Wink

It's no secret that whales are manipulating the price. Most people know that by now.

With we decide the price I meant that no matter how much whales manipulate the price, we in fact still decide whether we buy or sell.

Even whales after some time will stop keeping the price high if there is no one buying. Because we think the price is too high to buy.

Same with when they keep the price low, if no one is selling, why should they keep the price low. Because we think the price is too low to sell.

okthen

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Quote from: Morecoin Freeman on March 29, 2015, 12:47:43 PM

But why hold? You can sell now and short bitcoin.

You will make money on the next big dump and then, if you still believe in bitcoins success, buy back in again at a lower price. You will end up with more money/coins than before.

By just holding you are losing money... Not the best idea.

The next long squeeze has yet to come. Lower prices are basically guaranteed to happen.

What if you -don't- find the right spot to get back in? What if there is no next dump?
That's what happened to many who sold around the 266 ATH in 2013, only to buy the coins back at... $400? $500? Roll Eyes

Morecoin Freeman

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But why hold? You can sell now and short bitcoin.

You will make money on the next big dump and then, if you still believe in bitcoins success, buy back in again at a lower price. You will end up with more money/coins than before.

By just holding you are losing money... Not the best idea.

The next long squeeze has yet to come. Lower prices are basically guaranteed to happen.

BillyBobZorton

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Quote from: kwukduck on March 29, 2015, 09:19:14 AM

Upcoming weeks target is around 170-180, stabilize there for a few days up to a week, then hard down to around 100 where we will face some serious resistance that may cause a small dead cat bounce. After that cat dies, Bitcoin will likely sink into the forgotten depths to double And single digits to be laughed at in the future.

Another old user that sold his coins in panic and is scared that Bitcoin turns out a success in the future,
The only one laughing here will be the ones that hold, and you will be too much of a coward to deal with the humiliation of being proved wrong on every single FUD comment you made, just like every single FUDster ever will disappear after the price goes up again.

fonzie

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Quote from: kwukduck on March 29, 2015, 09:19:14 AM

Upcoming weeks target is around 170-180, stabilize there for a few days up to a week, then hard down to around 100 where we will face some serious resistance that may cause a small dead cat bounce. After that cat dies, bitcoin will likely sink into the forgotten depths to double And single digits to be laughed at in the future.

+1

Morecoin Freeman

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Re: where next?

Quote from: Morecoin Freeman on March 26, 2015, 06:23:50 PM

I think the beginning of next week might be interesting. I can see a dump to lower 200's / high 100's happening.

erikalui

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I lost $2 because of the price fluctuation from $280-$245 because I owned about 0.06 BTC. It's currently on a decline and so it might reach $230-$220 soon not $500.

Amph

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Quote from: 1Referee on March 29, 2015, 10:44:51 AM

For some reason once Bitcoin nears $300 level something happens or bad news shows up and it falls down to below ~$250 level again.

Is it coincidence, or is a group of traders heavily manipulating the price. But then again, why would they keep Bitcoin down as they had plenty of time to buy in already.

Bitcoin is a free market. We decide the price of Bitcoin. That basically means we don't think Bitcoin is currently worth $300.

the problem is with the "we", right now are the whales that decide the price of bitcoin, they don't keep it down, they aim at fish that buy coins, then they dump hard, hence repeat, this is why you see those crash

ajaxmoor

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As more and more bitcoin is mined and the supply increases . I expect the volatility to increase. And the price swings to a lower value more likely.

tokeweed

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Life, Love and Laughter...

Quote from: 1Referee on March 29, 2015, 10:44:51 AM

For some reason once Bitcoin nears $300 level something happens or bad news shows up and it falls down to below ~$250 level again.

Is it coincidence, or is a group of traders heavily manipulating the price. But then again, why would they keep Bitcoin down as they had plenty of time to buy in already.

Bitcoin is a free market. We decide the price of Bitcoin. That basically means we don't think Bitcoin is currently worth $300.

lol. k

1Referee

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For some reason once Bitcoin nears $300 level something happens or bad news shows up and it falls down to below ~$250 level again.

Is it coincidence, or is a group of traders heavily manipulating the price. But then again, why would they keep Bitcoin down as they had plenty of time to buy in already.

Bitcoin is a free market. We decide the price of Bitcoin. That basically means we don't think Bitcoin is currently worth $300.

tokeweed

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Quote from: btc.to.moon on March 29, 2015, 09:43:22 AM

I believe that 1 BTC will go back to 1000 one day. The only problem now is only the time it needed.

True. But it could go down first then stay down for a long time before going up.

btc.to.moon

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I believe that 1 BTC will go back to 1000 one day. The only problem now is only the time it needed.

kwukduck

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Upcoming weeks target is around 170-180, stabilize there for a few days up to a week, then hard down to around 100 where we will face some serious resistance that may cause a small dead cat bounce. After that cat dies, bitcoin will likely sink into the forgotten depths to double And single digits to be laughed at in the future.

tokeweed

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Quote from: fonzie on March 29, 2015, 06:37:55 AM

"Abyss" next.

A multiheaded dragon... Cool.

fonzie

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"Abyss" next.

Morecoin Freeman

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Quote from: Morecoin Freeman on March 23, 2015, 01:33:40 AM

At this point $150 is way more likely than $500.
Anyone saying otherwise is crazy.

tokeweed

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Quote from: waawd on March 29, 2015, 06:04:07 AM

Re: Bitcoin prices fall $250 --> $240 where next ? $500 ?

lol.

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