Bitcoin will be at $125-$150 tomorrow

baracuda

newbie

Activity: 43

Merit: 0

Quote from: BitPirate on May 03, 2013, 01:25:43 AM

Quote from: baracuda on May 03, 2013, 01:23:02 AM

It could just as easily hit 75 tomorrow. If you can afford for your $150k to drop to $120k ($30,000 lost...) and not be afraid, then yes, you might be able to hold long enough for it to go back up to 200. But, good chance is if you invest all your money and it drops another 20% you'll panic, sell, and then it'll jump back up 30% the following day. That's just how it works.

Bears have a funny way of putting words in other people's mouths...

I can tell you this: Me, and a great many people here, would *not* sell if the coins they bought dropped by 20%, because we are not fools. If this describes you, then fair game. However, not everyone has such weak hands.

Ahh well, $79. I got close.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: adpinbr on May 03, 2013, 04:01:26 PM

Quote from: arepo on May 03, 2013, 03:47:42 PM

Quote from: Bjork on May 03, 2013, 03:46:45 PM

I'd bet money that it won't be over $125 tomorrow.

i can confirm that this is a good target for this rebound. we'll probably peak lower.

Id like to hear your analysis for whats about to happen with bit coin over the weekend
Also are you a believer in the long term success or just making easy money?

there's no such thing as easy money Tongue

bitcoin has already gained an enormous amount of traction in just 4 years, but it is impossible to predict what will happen even in the coming year as far as success/failure because what was once a tiny niche community has ballooned into a large ecosystem with many, many independent variables.

that being said, i do think bitcoin is fascinating. i believe adoption of it or another similar technology would help destroy the rigged structures of 'capitalism' that are in place today.

as for a weekend forecast, i wouldn't expect too much action -- last two weekends in a row saw more than 50% less volume per day than the week on average. as i suggested above, we are short-term oversold so i expect a slight upwards correction to the downtrend. it remains to be seen how significant this reversal is, and if we could see a short-term bull any time soon.

Frozenlock

sr. member

Activity: 434

Merit: 250

Pretty much everyone here is a long term "believer" to some various extents.

adpinbr

sr. member

Activity: 1078

Merit: 254

Quote from: arepo on May 03, 2013, 03:47:42 PM

Quote from: Bjork on May 03, 2013, 03:46:45 PM

I'd bet money that it won't be over $125 tomorrow.

i can confirm that this is a good target for this rebound. we'll probably peak lower.

Id like to hear your analysis for whats about to happen with bit coin over the weekend
Also are you a believer in the long term success or just making easy money?

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: Bjork on May 03, 2013, 03:46:45 PM

I'd bet money that it won't be over $125 tomorrow.

i can confirm that this is a good target for this rebound. we'll probably peak lower.

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

I'd bet money that it won't be over $125 tomorrow.

xorglub

full member

Activity: 204

Merit: 100

Short term, all this mass dumping has made us way oversold so a small rebound to 90-100 is to be expected. But with a long week end coming and all these awful news it's not going any higher than that.
Feels like 2011 all over again...

Brushan

member

Activity: 224

Merit: 10

Drop in value, MtGox being sued, CP in blockchain, bank holiday in Japan until Tuesday. That's alot of bad news this week. Will Bitcoin's potential beat the bad news and we see a rebound? Yes. Tomorrow? No

BitMay

newbie

Activity: 15

Merit: 0

Bitcoin will be 25$ - 50$ tomorrow

Zaih

hero member

Activity: 504

Merit: 500

I like your attitude sir.

xavier

sr. member

Activity: 260

Merit: 250

How about this for predicting the price?

The most probable direction for a price to move in is the direction its already going.

Check the 10min, 1hr, 3hr, 12hr, 24hr, 3d, 7d, 30d charts on Bitcoinity.

Which direction is that?

SHORT BITCOIN

Frozenlock

sr. member

Activity: 434

Merit: 250

$200, not $1000?

zeroday

donator

Activity: 784

Merit: 1000

Time to harvest bitcoins.
Buy it under ~$99 and never sell until it's $200.
Chickens must be slaughtered

baracuda

newbie

Activity: 43

Merit: 0

Quote from: BitPirate on May 03, 2013, 01:25:43 AM

not everyone has such weak hands.

True.

I keep buying each time it drops 10%

BitPirate

full member

Activity: 238

Merit: 100

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

Quote from: baracuda on May 03, 2013, 01:23:02 AM

It could just as easily hit 75 tomorrow. If you can afford for your $150k to drop to $120k ($30,000 lost...) and not be afraid, then yes, you might be able to hold long enough for it to go back up to 200. But, good chance is if you invest all your money and it drops another 20% you'll panic, sell, and then it'll jump back up 30% the following day. That's just how it works.

Bears have a funny way of putting words in other people's mouths...

I can tell you this: Me, and a great many people here, would *not* sell if the coins they bought dropped by 20%, because we are not fools. If this describes you, then fair game. However, not everyone has such weak hands.

ronaldlee0917

full member

Activity: 238

Merit: 100

By next week, maybe

baracuda

newbie

Activity: 43

Merit: 0

It could just as easily hit 75 tomorrow. If you can afford for your $150k to drop to $120k ($30,000 lost...) and not be afraid, then yes, you might be able to hold long enough for it to go back up to 200. But, good chance is if you invest all your money and it drops another 20% you'll panic, sell, and then it'll jump back up 30% the following day. That's just how it works.

hubbabubbabaker

member

Activity: 98

Merit: 10

Sometimes - history needs a push.

Quote from: Jaroslaw on May 03, 2013, 01:01:36 AM

Quote from: mgio on May 03, 2013, 12:06:12 AM

Why?

Just because I say so. There are enough doom and gloom speculation posts today without any basis in fact other than the authors noticed bitcoin had a bad day and want to be the first to predict "the sky is falling". Yes, people are frustrated. They wish they had sold at the peak of the bubble instead of bought. And they are selling now perhaps. Sell low and buy high, it never made sense to me, but at you if you followed the advice on this forum, that's exactly what you would end up doing.

Remember when bitcoin passed $200 and everyone was saying it's going to hit $300 so BUY BUY BUY. Yet less than 24 hours later it had crashed to half it's value.

And when it was crashing, people were predicting a $30 bottom or lower. We hit a low bottom but we bounced back up, no, it was not the end of bitcoin. And today is not the end of bitcoin either.

If you belives in this shit sell your house and buy bitcoins, you will have two houses tomorrow Cheesy

We have to account for taxes on capital gains... price target moved up to $220!! Buy, buy buy!

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Quote from: mgio on May 03, 2013, 12:06:12 AM

Why?

Just because I say so. There are enough doom and gloom speculation posts today without any basis in fact other than the authors noticed bitcoin had a bad day and want to be the first to predict "the sky is falling". Yes, people are frustrated. They wish they had sold at the peak of the bubble instead of bought. And they are selling now perhaps. Sell low and buy high, it never made sense to me, but at you if you followed the advice on this forum, that's exactly what you would end up doing.

Remember when bitcoin passed $200 and everyone was saying it's going to hit $300 so BUY BUY BUY. Yet less than 24 hours later it had crashed to half it's value.

And when it was crashing, people were predicting a $30 bottom or lower. We hit a low bottom but we bounced back up, no, it was not the end of bitcoin. And today is not the end of bitcoin either.

If you belives in this shit sell your house and buy bitcoins, you will have two houses tomorrow Cheesy

UltimateReaper

newbie

Activity: 56

Merit: 0

Quote from: hubbabubbabaker on May 03, 2013, 12:29:44 AM

Based on the fibonnaci sequence I can see the price breaking the quantum barrier and shifting light poles. Tetra-magnetic forces seem strong and downward trend looks like a meerkat bounce. We should see a kangaroo rally that will set the price rising towards the palo-phalic zone, possibly breaking the all time high. Readings on flux capacitor show increased acceleration to about 80 market buy orders per mile within the next few hours. We're heading back to the future folks. Trust me, I have a doctorate in making money. Sky's the limit baby.

Damn Straight

http://25.media.tumblr.com/tumblr_luytrippev1qjamtho1_500.jpg

You had me at Tetra-magnetic

Topic: Bitcoin will be at $125-$150 tomorrow (Read 3095 times)