Bitcoin Struggling To Hold Above $500 USD. - page 3.

ablewasiereisawelba

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Quote from: BitPirate on November 19, 2013, 10:06:57 PM

Quote from: ablewasiereisawelba on November 19, 2013, 10:02:49 PM

I don't understand why people think this is going to last months. Do you really think every significant Chinese investor invested what they wanted in this one week period?

In 2011, Bitcoin was mentioned because of Silk Road, and then Silk Road left the news and it gradually faded away. Now, Bitcoin is huge. The buzz surrounding it will not go away.

Every investor?

I think the people that won the incredible game of pass the bag will not risk driving the price up for a while. The last few investors that joined the game late before learning the rules will likely have to wait.

Did you try BTCChina with 0% fees? Even they describe it as "A new trading experience". For most users, particularly new panic buyers, this experience is probably quite far from "investing".

BTC was huge all year. It still is. The price is not tied to that.

I'm saying that the hype around bitcoin is exponential. China just started investing significantly. The time between bubbles has been dropping. If this "bubble" is truly over (hopefully), a new rally won't be six months away.

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: N12 on November 19, 2013, 10:03:12 PM

You know, I still can hardly believe you aren't actually a permabull as I thought you were.

$250 by year-end is still absolutely meteoric -- wouldn't be averse to it going even lower.

$1000+ by year-end is ridiculous. $500 is pretty questionable even. I'm in this for the long haul.

btcprice

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Quote from: BitPirate on November 19, 2013, 09:58:38 PM

$250 much more likely bottom. It will take time. Months.

I hope it does. It will make the price more affordable for me to buy in again. Then it will go back up to 400, 500, 600+.

Leehoya

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Roller coaster price. Goes down and goes up again.

ablewasiereisawelba

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Quote from: N12 on November 19, 2013, 10:03:12 PM

You're a funny guy. Cheesy

and I'm not even the one posting a graph from 2011 and claiming that it is analogous to 2013. Cheesy

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: ablewasiereisawelba on November 19, 2013, 10:02:49 PM

I don't understand why people think this is going to last months. Do you really think every significant Chinese investor invested what they wanted in this one week period?

In 2011, Bitcoin was mentioned because of Silk Road, and then Silk Road left the news and it gradually faded away. Now, Bitcoin is huge. The buzz surrounding it will not go away.

Every investor?

I think the people that won the incredible game of pass the bag will not risk driving the price up for a while. The last few investors that joined the game late before learning the rules will likely have to wait.

Did you try BTCChina with 0% fees? Even they describe it as "A new trading experience". For most users, particularly new panic buyers, this experience is probably quite far from "investing".

BTC was huge all year. It still is. The price is not tied to that.

N12

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Quote from: BitPirate on November 19, 2013, 09:58:38 PM

$250 much more likely bottom. It will take time. Months.

You know, I still can hardly believe you aren't actually a permabull as I thought you were.

Quote from: ablewasiereisawelba on November 19, 2013, 10:02:49 PM

The buzz surrounding it will not go away.

You're a funny guy. Cheesy

ablewasiereisawelba

full member

Activity: 133

Merit: 100

I don't understand why people think this is going to last months. Do you really think every significant Chinese investor invested what they wanted in this one week period?

In 2011, Bitcoin was mentioned because of Silk Road, and then Silk Road left the news and it gradually faded away. Now, Bitcoin is huge. The buzz surrounding it will not go away.

BitPirate

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Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

$250 much more likely bottom. It will take time. Months.

porcupine87

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hm

Quote from: theonewhowaskazu on November 19, 2013, 09:08:16 PM

I think we could be in for another 6 months of terror... but i doubt it'll be that steep. Probably bottom is about $266.

No, 500$ is the new bottom (gox price). 266$ has no meaning. Look at the chart. http://bitcoinwisdom.com/markets/mtgox/btcusd

But it is possible to stay in the 600 +-100$ region for a while.

seleme

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Duelbits.com

Quote from: marcotheminer on November 19, 2013, 07:59:58 PM

Since the crash, the price has kept decreasing.

Otherwise, whats up guys?

it never felt below 500 so how it could struggle to kept above??

theonewhowaskazu

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I think we could be in for another 6 months of terror... but i doubt it'll be that steep. Probably bottom is about $266.

porcupine87

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hm

Quote from: N12 on November 19, 2013, 08:54:03 PM

Quote from: porcupine87 on November 19, 2013, 08:52:12 PM

Quote from: N12 on November 19, 2013, 08:49:36 PM

Six months of terror. It has happened before, it can happen again.

Not likely. What was Bitcoin in 2011? Was there a hearing in the senat, too?

To compensate for that, the price is a little higher now. But yes yes, it is completely different now, human psychology has changed etc. etc.

hm you can just sell all your coins and rebuy when they reach the 1000$? It's your decision Wink

Did you bring the same graphics 6month ago?

N12

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Quote from: porcupine87 on November 19, 2013, 08:52:12 PM

Quote from: N12 on November 19, 2013, 08:49:36 PM

Six months of terror. It has happened before, it can happen again.

Not likely. What was Bitcoin in 2011? Was there a hearing in the senat, too?

To compensate for that, the price is a little higher now. But yes yes, it is completely different now, human psychology has changed etc. etc.

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: N12 on November 19, 2013, 08:49:36 PM

Six months of terror. It has happened before, it can happen again.

Not likely. What was Bitcoin in 2011? Was there a hearing in the senat, too?

N12

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Six months of terror. It has happened before, it can happen again.

proudhon

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Quote from: N12 on November 19, 2013, 08:43:09 PM

Never forget.

Oh god, take that away!

porcupine87

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hm

Quote from: crazy_rabbit on November 19, 2013, 08:39:12 PM

Quote from: marcotheminer on November 19, 2013, 07:59:58 PM

Since the crash, the price has kept decreasing.

Otherwise, whats up guys?

Well, it's higher then like, well, last week. So it's not really a crash. More like it was unsustainable for the price to keep going like that.

You can't know. It could have gone to 2000$ and more and afterwards settle on ~1000$ for a long time. But it could have happend earlier, too.

But the fact: 48 hours ago the all time high was 544$ at Gox. Now we are standing still above 600$.

N12

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Never forget.

proudhon

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Quote from: marcotheminer on November 19, 2013, 07:59:58 PM

Since the crash, the price has kept decreasing.

Otherwise, whats up guys?

Please see 2011, 2012, and earlier this year.

Topic: Bitcoin Struggling To Hold Above $500 USD. - page 3. (Read 5037 times)