BTC crashed as predicted, will crash again and stay at 100

Tirapon

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Quote from: infofront on February 24, 2014, 10:19:52 PM

At this point, the bulls are just the suckers who bought in way too high.

I am bullish for 2014.

I bought at ~10 USD.

I'm expecting that once the dust settles, we will hopefully get a bit of stability for a while, and then the next move should be yet another spectacular rally. I'd say we'll see a new ATH by summer.

bananas

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Quote from: infofront on February 24, 2014, 10:19:52 PM

At this point, the bulls are just the suckers who bought in way too high.

Been watching live ticker for Bitstamp all day long, sell orders are often coming in high amounts, bids in very small amounts. The whale who dropped a sell order of thousands BTC yesterday at $579 or so, did not sell.

infofront

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Shitcoin Minimalist

At this point, the bulls are just the suckers who bought in way too high.

bananas

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Going down non stop! $100 is coming soon.

bananas

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About -20% today, currently at $481. It is happening. My fiat is ready!

gollum

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In Hashrate We Trust!

Quote from: sbryant31 on February 24, 2014, 12:42:03 PM

Can you give one fundamental reason why btc should crash?s

I work with technical analysis just like professional traders, not fundamental analysis.

cosmofly

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PrimeDAO - An Adoption Engine for Open Finance

I agree, its over

ArpFlush

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Quote from: sbryant31 on February 24, 2014, 12:42:03 PM

Can you give one fundamental reason why btc should crash?s

Because everybody buys Flappycoin now Grin

sbryant31

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Can you give one fundamental reason why btc should crash?s

Tirapon

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Quote from: pleiotropik on February 23, 2014, 09:38:22 PM

I always keep Fiat in the garage in case the BTC takes a dump.

That said, the mtgox dump to $100 occurred inside a black box.
Who, in his right mind would prefer to keep fiat instead of BTCinside the gox in the remote chance that someday he would be able to redeem either one. This, specially in light of the fact that mtgox was always better at redeeming btc than than fiat. the moment mtgox closed the only door of escape for depositors the price went from mark to market to mark to fantasy, then from mark to fantasy to mark to unicorns and onwards to Mark to Karpeles: the Leprechaun that stole the btc pot at the end of the unicorn's rainbow fart. the "price" at gox is meaningful only in the sense that it satisfies some frappuccino fantasy of an overweight undertalented autistic nerd.

back to the beginning: have plenty of wallpaper (usd) to exchange for btc at $500; $400; $300; $200; and $100... why? coz as mother goose says: never put all eggies in a single basket.

And: Gollum's charts are perfectly valid from a technical standpoint.

Points should be awarded for this post: you definitely get some points.

I would love to see $100 BTC on stamp, and I have my fiat ready. Its just not gonna happen though...

EDIT: Perhaps a little harsh towards Mark Karpeles though, I don't know him but I hear he's a good guy. Still, pretty f*cking funny.

bananas

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Quote from: DaFockBro on February 23, 2014, 10:18:05 PM

Quote from: bananas on February 23, 2014, 10:05:54 PM

OP makes sense. I also believe it will go down to around USD$100 but i did not make any deep analysis, i believe so just 'cause there was absolutely no legit explanation for the rise past 100. And 100 was a stable value for several months.

A $7.2 billion market cap is still peanuts, there's really nowhere for the price to go but up in the medium-long term.

When the price was $100, the $1.2 billion market cap for revolutionary technology was a joke. We'll never see an average of $100 per coin ever again.

OP is spreading FUD to try to push the price lower and buy up some cheap coins.

1.2 or 7.2 coming from about the same bank accounts does not make any difference.

bananas

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There is always lots of defensive people when someone talks about price drops, accusations of FUD etc. Speculation on rises never get any bad comments. I know some people bought at high and so have such reaction but a big price drop is benefical to everyone at this stage, more people can join, at the current values it is very risky or even financially prohibitive for most to join. Bitcoin is a small community that needs to grow.

DaFockBro

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Quote from: pleiotropik on February 23, 2014, 10:26:06 PM

Quote from: DanielVG on February 23, 2014, 10:22:59 PM

A lot of people would welcome a crash to 100$ Grin

Word... and maybe i'll catch some unicorns the same day Cool

And maybe the Pope will convert to Judaism, and Mark Karpeles will stop drinking coffee milkshakes for breakfast...you never know.

pleiotropik

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Quote from: DanielVG on February 23, 2014, 10:22:59 PM

A lot of people would welcome a crash to 100$ Grin

Word... and maybe i'll catch some unicorns the same day Cool

DanielVG

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I want free lunch, i'm gonna go with this guy.

A lot of people would welcome a crash to 100$ Grin

DaFockBro

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Quote from: bananas on February 23, 2014, 10:05:54 PM

OP makes sense. I also believe it will go down to around USD$100 but i did not make any deep analysis, i believe so just 'cause there was absolutely no legit explanation for the rise past 100. And 100 was a stable value for several months.

A $7.2 billion market cap is still peanuts, there's really nowhere for the price to go but up in the medium-long term.

When the price was $100, the $1.2 billion market cap for revolutionary technology was a joke. We'll never see an average of $100 per coin ever again.

OP is spreading FUD to try to push the price lower and buy up some cheap coins.

bananas

sr. member

Activity: 364

Merit: 257

Quote from: gollum on February 23, 2014, 09:11:19 PM

Quote from: bananas on February 23, 2014, 09:08:02 PM

Explain your prediction? MtGox related data does not explain anything 'cause they are in another dimension.

MtGox volume and assets (claimed by clients) is still a very huge part of all bitcoin exchanges.
We cant dismiss the MtGox price as an isolated price, it will affect other exchanges as well since the price in sharp negative trend on all exchanges.

Imagine early adaptors rushing for the exit, Im not even thinking about Satoshi who owns more than 1 million coins, but early miners and guys like the stupid fat hobbit Karpeles. Even if they just sell 20% of their holdings it will push down the price towards 80-100 and keep it there for months.

Forgive-me, i stopped reading once i saw mtgox written in it, but i see those graphs are before the mess which is completely valid and reflects the market.

bananas

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OP makes sense. I also believe it will go down to around USD$100 but i did not make any deep analysis, i believe so just 'cause there was absolutely no legit explanation for the rise past 100. And 100 was a stable value for several months.

pungopete468

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Unless some serious flaw is discovered that requires a hard fork I wouldn't expect to see prices fall that low for any moderate period of time; no more than a few hours to a day at the most...

It would practically be considered "charitable selling" because that's giving Bitcoin away at this stage of the game.

Everybody who's involved in Bitcoin has a price. That number where, should we reach it, they will throw everything they have at buying as many as possible. The difference between now and when the price was in the $100's is the size of the community and the strength we've gained from the storms we've weathered.

Even the Bears who sold everything last week have a number where they put it all back on the line... I highly doubt that number is below the lower trend line of your chart; likely much higher to mitigate the risk of being pinched...

pleiotropik

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Quote from: gollum on February 23, 2014, 09:50:02 PM

Quote from: pleiotropik on February 23, 2014, 09:42:24 PM

It could go from 100 to 10$ or from 100 to 2000-5000

Thanks, now your statement has technical meaning... As the dark clouds of monetary central bank disorder gather to pound the euro and the Yuan/yen into pulp from which the FED will QE to infinity, my wager remains in favor of the deflationary nature of BTC. Since you are hedging both ways (2k> or $100<) i'm pretty certain you can write a warrant to reflect your position in favor of extreme volatility. I rather sit on my hands and keep my btc in cold storage and move as much fiat into commodities as possible.

Topic: BTC crashed as predicted, will crash again and stay at 100 (Read 3630 times)