Topic: Bitcoin Struggling To Hold Above $500 USD. (Read 5056 times)
Yes, bitcoin is STRUGGLING to stay above $500. REALLY STRUGGLING.
$800?
Bitcoin Struggling To Hold Above $500 USD.
Did you mean to say $600?
Did you mean to say $700?
Every post about the price looks obsolete 1-2 days later and even hours later in some cases.
you all don´t get it:
the chinese madness will soon continue. next steep rise: this year.
the chinese madness will soon continue. next steep rise: this year.
You just want to party for Christmas...
honestly, we would prefer a party date around may 2014 or later. this year is out of question/impossible.
Bit too soon to call that I think. Remember, $100 was the new $120. And $120 was the new $160.
China wasn't around back then
Bitcoin Struggling To Hold Above $500 USD.
Did you mean to say $600?
Could this be a hint that the U.S. is about to reduce money supply and taper?
The deficits are shrinking, debts are being repaid.
Tapering would lead to less total dollars in the market. Thus ridding the need for bitcoin and gold holdings.
Take a look at how stockmarkets worldwide are trending down... QE isn't a one way street.
U.S. Defence spending is down 30% this year. Food Stamps being cut. Everything is being cut to repay the debt so that they can taper.
Onto bitcoin:
Flaws with bitcoin's block sizes being discovered.
Large flaws in exchanges matching orders, e.g. Gox.
All on our favourite bearish website, zerohedge.
The deficits are shrinking, debts are being repaid.
Tapering would lead to less total dollars in the market. Thus ridding the need for bitcoin and gold holdings.
Take a look at how stockmarkets worldwide are trending down... QE isn't a one way street.
U.S. Defence spending is down 30% this year. Food Stamps being cut. Everything is being cut to repay the debt so that they can taper.
Onto bitcoin:
Flaws with bitcoin's block sizes being discovered.
Large flaws in exchanges matching orders, e.g. Gox.
All on our favourite bearish website, zerohedge.
I was lucky because I was already logged in because I was already thinking of selling at $875.
Nice. I didn't even think about selling until it hit like $900 and that's because I wanted to sell and then wait for the retraction and buy more... oh well, I still got my coins, so I am happy.
Might buy some more for the Holidays and hold them for another year or two.
I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me.
You couldn't sell on Coinbase?What happened?
I was thinking to myself (when Gox hit $900), "This is going up way too fast. It hasn't even taken a breath today. This reminds me of $266 in April. Maybe I should sell the coins I have on Coinbase."
Checked the chart one more time and a nosedive with a sea of red.
Alt-Tabbed back to Coinbase and hit sell when the price was still $850. It didn't go through. Tried again and got halfway through and it told me the price had changed. Hit Confirm again and I finally got out at $733.
Bought back in at $525 after the crash. I rarely trade like this (never, actually), but I knew that I was catching this one. Still I turned 3 bitcoins into 4 for free.
Then they started their "Buy at market a week from now" nonsense. But since I had money ready to buy and any other option would take at least a week anyway, I went ahead and tried it. It appears that they have locked me at $525 already (not too unbelievable since it dipped below $500 for a while). But we'll see when they go to deliver on Monday.
That's what I was trying to do, but I couldn't connect to Coinbase. I never sold on Coinbase, so maybe I was doing something wrong, but every time I tried to sell the website timed out.
I was lucky because I was already logged in because I was already thinking of selling at $875.
you all don´t get it:
the chinese madness will soon continue. next steep rise: this year.
the chinese madness will soon continue. next steep rise: this year.
You just want to party for Christmas...
I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me.
You couldn't sell on Coinbase?What happened?
I was thinking to myself (when Gox hit $900), "This is going up way too fast. It hasn't even taken a breath today. This reminds me of $266 in April. Maybe I should sell the coins I have on Coinbase."
Checked the chart one more time and a nosedive with a sea of red.
Alt-Tabbed back to Coinbase and hit sell when the price was still $850. It didn't go through. Tried again and got halfway through and it told me the price had changed. Hit Confirm again and I finally got out at $733.
Bought back in at $525 after the crash. I rarely trade like this (never, actually), but I knew that I was catching this one. Still I turned 3 bitcoins into 4 for free.
Then they started their "Buy at market a week from now" nonsense. But since I had money ready to buy and any other option would take at least a week anyway, I went ahead and tried it. It appears that they have locked me at $525 already (not too unbelievable since it dipped below $500 for a while). But we'll see when they go to deliver on Monday.
That's what I was trying to do, but I couldn't connect to Coinbase. I never sold on Coinbase, so maybe I was doing something wrong, but every time I tried to sell the website timed out.
you all don´t get it:
the chinese madness will soon continue. next steep rise: this year.
the chinese madness will soon continue. next steep rise: this year.
I just wish I knew of a good way to buy and sell during these times.
Always used Coinbase but that was a failure. I bought at $65 so it's not like I'm mad in the least, but I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me. I don't trust BTC-E or MtGox since I have heard horror stories out of both of them.
Guess I need to check this CampBX site out.
Always used Coinbase but that was a failure. I bought at $65 so it's not like I'm mad in the least, but I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me. I don't trust BTC-E or MtGox since I have heard horror stories out of both of them.
Guess I need to check this CampBX site out.
In one more day they will start doing ACH deposits and withdraws, cant wait!
You CAN wait. And you'll have to, since they delayed it until the 27th.
$500 is the new $100. Bitcoin will have crashes below and rallies above $500 for the next 6 months until the next bubble.
Haha. No. Barring horrible news, the next bubble will be in less than 6 months. The bubbles are speeding up now. If we consolidate and start to go up again, we are going to be testing ATHs potentially in a few weeks. At the very least, we will be pre-bubble again in the next 2-3 months at the latest.
I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me.
You couldn't sell on Coinbase?What happened?
I was thinking to myself (when Gox hit $900), "This is going up way too fast. It hasn't even taken a breath today. This reminds me of $266 in April. Maybe I should sell the coins I have on Coinbase."
Checked the chart one more time and a nosedive with a sea of red.
Alt-Tabbed back to Coinbase and hit sell when the price was still $850. It didn't go through. Tried again and got halfway through and it told me the price had changed. Hit Confirm again and I finally got out at $733.
Bought back in at $525 after the crash. I rarely trade like this (never, actually), but I knew that I was catching this one. Still I turned 3 bitcoins into 4 for free.
Then they started their "Buy at market a week from now" nonsense. But since I had money ready to buy and any other option would take at least a week anyway, I went ahead and tried it. It appears that they have locked me at $525 already (not too unbelievable since it dipped below $500 for a while). But we'll see when they go to deliver on Monday.
I just wish I knew of a good way to buy and sell during these times.
Always used Coinbase but that was a failure. I bought at $65 so it's not like I'm mad in the least, but I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me. I don't trust BTC-E or MtGox since I have heard horror stories out of both of them.
Guess I need to check this CampBX site out.
Always used Coinbase but that was a failure. I bought at $65 so it's not like I'm mad in the least, but I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me. I don't trust BTC-E or MtGox since I have heard horror stories out of both of them.
Guess I need to check this CampBX site out.
In one more day they will start doing ACH deposits and withdraws, cant wait!
I remember when they handed us all hats that said Dow 10,000 and asked everyone on the trading floor to wear them whenever we hit it in the next days for the photo op. They did not think it was as cool of a photo when people wore them when we hit it going the other way.
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.
Not really a crash? Seriously? So when the price went from 200 to 900 in 2 weeks i guess it wasn't really a rise..
Can you even hold a bottle?!
Mod trolling a mod?
I think we will be moving a lot. Price fluctuations are getting bigger and bigger with each new upswing.
This is gonna be a wild ride indeed.
Bit too soon to call that I think. Remember, $100 was the new $120. And $120 was the new $160.
$500 is the new $100. Bitcoin will have crashes below and rallies above $500 for the next 6 months until the next bubble.
All those threads "do you think bitcoin will hit 400$ / 300$ / 200$?" will become active again. For all the wrong reasons this time
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.
Not really a crash? Seriously? So when the price went from 200 to 900 in 2 weeks i guess it wasn't really a rise..
Can you even hold a bottle?!
Mod trolling a mod?
I think we will be moving a lot. Price fluctuations are getting bigger and bigger with each new upswing.
I agree $500 is going to provide some serious support, we'll see if it holds up!
$500 will offer as serious a support as it offered a serious resistance "back then" (3 days ago).
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.
Not really a crash? Seriously? So when the price went from 200 to 900 in 2 weeks i guess it wasn't really a rise..
Lot of new users now and then the Sentiment chart should just be a sticky itself XD
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.
Not really a crash? Seriously? So when the price went from 200 to 900 in 2 weeks i guess it wasn't really a rise..
Can you even hold a bottle?!
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.
Not really a crash? Seriously? So when the price went from 200 to 900 in 2 weeks i guess it wasn't really a rise..
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.
I agree $500 is going to provide some serious support, we'll see if it holds up!
Also, how did I not know of bitcoinwisdwom.com/markets??? Awesome. Thanks.
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.
Not really a crash? Seriously? So when the price went from 200 to 900 in 2 weeks i guess it wasn't really a rise..
Why? I would absolutely LOVE it if the price reach single digits again.
I don't know, having gone through the April crash (we bought right before and into that rise) I have learned from experience that this is all normal and I am quite relieved that we are settling in at around $500 as the new base. Sure we might be in the 400-600 range for a while but there will come a day when we have another crazy rally, this time it will be up to $1500 or so and then settle around $1000. Then the price will stay around $1000 for a few months, we will have a rally up to $3000 or $4000 then the price will find a new base of $2000 or so. This will repeat all the way to the top of the S-curve adoption, which many speculate could be $100,000 per coin, or more. At this point Bitcoin will act more like a stock and have it's ups and downs but will no longer have these massive runs. I personally enjoy them. They just mean that Bitcoin is going up and will find a new "bottom" as we continue the rise to numbers beyond my wildest dreams.
Was at 500 3 hours ago now at 560 looks like its rising at a good speed KEEP BUYING!
I wanna show u guyz sumthin...
current Yuan trade price, per BTC China:
current USD price, per Gox:
Roughly 8.5-9.0 Yuan/USD, been there all day.
Now, we'll say 6.1 Yuan/USD per Forex, kinda sorta.
You would need a forex account, plus Gox or whatever buys BTC in $ right now, PLUS BTCChina
[one guy in this forum said he has a fully functional BTCChina acct.]
U guyz gonna tell me this ain't EXPLOITABLE?
Also, SHOULD create a solid floor @ 500-550.
Altho IANJC [I am not Jim Cramer], Anyone could own Lightning Round on this shit.
current Yuan trade price, per BTC China:
current USD price, per Gox:
Roughly 8.5-9.0 Yuan/USD, been there all day.
Now, we'll say 6.1 Yuan/USD per Forex, kinda sorta.
You would need a forex account, plus Gox or whatever buys BTC in $ right now, PLUS BTCChina
[one guy in this forum said he has a fully functional BTCChina acct.]
U guyz gonna tell me this ain't EXPLOITABLE?
Also, SHOULD create a solid floor @ 500-550.
Altho IANJC [I am not Jim Cramer], Anyone could own Lightning Round on this shit.
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.
how are you picking these arbitrary numbers. i can make those statements with completely different numbers and i'd be just as right.
Based on the weekly VWAP. How many weeks this year have we been above $250? 3?
Where were we in January?
Actually -- you could pick almost any number below $250, and the rise would still be very satisfactory.
you do understand that the value, awareness and usefulness of bitcoins is growing.... makes sense for the price to reflect that. not your desires to buy cheaper coins when you have more money to spend
as an investor..isn't this a good thing? With this much volatility there is a lot of profit that can be made!
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.
how are you picking these arbitrary numbers. i can make those statements with completely different numbers and i'd be just as right.
Based on the weekly VWAP. How many weeks this year have we been above $250? 3?
Where were we in January?
Actually -- you could pick almost any number below $250, and the rise would still be very satisfactory.
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.
$500 very well might be the new bottom. I'm just saying that $266 is the absolute minimum price possible, because that was the top of the last bubble. The only reason why it appears to have no meaning is because we've never tested it. The moment we get even close everybody, myself included, will come bidding with thousands of dollars.
$600 feels like a reasonable price to fluctuate around, though I'm thinking its more like $650 if we aren't going to continue any kind of slide.
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.
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.
Or, the balls of bitcoin might need twice as long to recharge, after splurging twice in one year. Who knows?
no, we know.
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.
how are you picking these arbitrary numbers. i can make those statements with completely different numbers and i'd be just as right.
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.
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.
Or, the balls of bitcoin might need twice as long to recharge, after splurging twice in one year. Who knows?
Ah yes, good old economic singularity. Trillion dollar market by 2015.
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.
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.
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.
$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+.
Roller coaster price. Goes down and goes up again.
You're a funny guy.
and I'm not even the one posting a graph from 2011 and claiming that it is analogous to 2013. 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.
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.
$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.The buzz surrounding it will not go away.
You're a funny guy.
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.
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.
$250 much more likely bottom. It will take time. Months.
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.
Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
Otherwise, whats up guys?
it never felt below 500 so how it could struggle to kept above??
I think we could be in for another 6 months of terror... but i doubt it'll be that steep. Probably bottom is about $266.
Six months of terror. It has happened before, it can happen again.
Not likely. What was Bitcoin in 2011? Was there a hearing in the senat, too?
hm you can just sell all your coins and rebuy when they reach the 1000$? It's your decision
Did you bring the same graphics 6month ago? 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?
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?
Six months of terror. It has happened before, it can happen again.
Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
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$.
Never forget.
Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
Otherwise, whats up guys?
Please see 2011, 2012, and earlier this year.
Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
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.
I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me.
You couldn't sell on Coinbase?What happened?
I just wish I knew of a good way to buy and sell during these times.
Always used Coinbase but that was a failure. I bought at $65 so it's not like I'm mad in the least, but I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me. I don't trust BTC-E or MtGox since I have heard horror stories out of both of them.
Guess I need to check this CampBX site out.
Always used Coinbase but that was a failure. I bought at $65 so it's not like I'm mad in the least, but I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me. I don't trust BTC-E or MtGox since I have heard horror stories out of both of them.
Guess I need to check this CampBX site out.
Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
/Otherwise, whats up guys?
You didn't buy the hype that Bitcoin is "different this time" and stuff can keep going up 50% per day until it hits $1B USD did you?
Long term bullish on Bitcoin but the price gains over the last week or so are just utterly unsustainable. Will Bitcoin hit $1K someday? I think so but even the exponential long term growth has been on the order of 0.5% per day not 100x that.
I always thought bitcoin wasnt going to continue to rise rapidly. Too many people would be multi millionaires! As you said, unsustainable.
Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
/Otherwise, whats up guys?
You didn't buy the hype that Bitcoin is "different this time" and stuff can keep going up 50% per day until it hits $1B USD did you?
Long term bullish on Bitcoin but the price gains over the last week or so are just utterly unsustainable. Will Bitcoin hit $1K someday? I think so but even the exponential long term growth has been on the order of 0.5% per day not 100x that.
Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
Feeling generous? 12hYBWiPqfwdveGzpbRdGxeqnoMcNvGNSq
Otherwise, whats up guys?
Feeling generous? 12hYBWiPqfwdveGzpbRdGxeqnoMcNvGNSq
Jump to: