Topic: BTC drop to next level coming...bail the F out now! - page 2. (Read 24659 times)

Summer is all over the northern hemisphere.

The price is what you agree to sell it for. As long as you wait and have a target, you will eventually get your target since BTC continues to be bullish over the long term in spite of recent stagnation.

Well,...

That's exactly what I was expecting when I mentioned earlier about what's going to happen after the auction ends. If you think about it; the amount that was auctioned was quite large which (based on the supply-and-demand theory); "should" cause a drop in price. I was expecting this to last for about a month or three by most, and was preparing for it.

Being honest about it, sadly, after the auction ended, I noticed the price climbing up, and got tempted; I don't know what was wrong in my head when I decided to spend few coins on buying at $645, I saw the price drop coming at the time, and then queued my sell to go at $655, but sadly it went up to $653 therefore, never sold, and then afterwards BTC kept going down ever since, that's when I said earlier "wait another 65 years, it will go up etc...."

Truth is I don't feel sorry for that little loss (with price drop today it's about $200 now), I expect further drop, but frankly don't care, I'm not selling, therefore it's not a loss (yet). if it takes 3 months for it to recover and by on the up again, then great, if it's a year or so then still won't make me jump out of my seat neither, I am way too busy at the moment with other things to do, and I think this (stop dealing with BTC for now) came in  time to help me focus on my work.

My advice, is, for whatever it's worth; if you are in the same situation, please don't panic, the more people joining in later, the higher it gets. Right now, I still think (theoretically) that the auction coins are being sold as we speak hence causing this drop, no facts there, just what I think, which is why I am waiting with absolutely no care or even interest in doing a move right now.

I believe more people are watching this forum, since my last 65 years post, BTC on the sites (Bitstamp, Bitfinex, Btc-e) has dropped volumes of about 80%. For instance, the one-hour volume trading on Bitstamp used to be about $900, over the past week it hardly gone over $99 per hour.

Lots of people seems to be losing interest on the way BTC is changing recently, hence that drop in price until someone starts to take a drastic action about it.

I hope this helps,

Wish you Good luck,
Heider

While I hate to see big drops like this, I don't plan on selling my coin until i retire. So, I have years to go before I start thinking about selling. I stopped panic selling awhile ago, which is pretty good advice. Just hold and dont look at the daily drops (or gains). The only time I will consider selling now is if I ran into a financial situation where it made sense..

Even if it drops all the way down to 200, it will eventually recover.. (and a great time to buy)

So this is finally the drop that's been incoming since April 27? Wow you sure got a nice crystal ball, being able to forcast this drop that well!

Its back under...No idea how many weeks before it pulls itself out of this one.

Short term trader, both long and short, will get burn badly trading bitcoin.

This must be one of those LOL threads. OP should be cited for inciting a riot.

I dropped to the next level, just like the poster said.  It dropped -100%, i.e. up.

Frankly BTCUSD makes a lot more sense to me when I invert the chart and consider it as a bear market in USD.  Bull markets climb a wall of worry while bear markets drop like knives.  It really only makes sense upside down.

They will still need a way t
That's not good news to be connected to such organizations. But practically speaking eventually they will have to convert into FIAT and they will run into issues doing that. Its a bit worrysome though given that people could donate to such nutcases anonymously.

I heard some people want to connect bitcoin to ISIS to make the price drop.(maybe that caused the spike today)
It is all over reddit at the moment.
http://www.reddit.com/r/Bitcoin/

lol! Yeah, booster depleted...

Price gone down yesterday,...

Relax,... Don't Panic,... just wait another 65 years, it will pickup again, and probably be higher in price...

Yes, you can look at the chart at different timelines and drill down on the indicators on those too. This chart with simple indicators is on a daily timeline.

Ok, but the entry point and exit point should be a little more to the right. You only see a cross after the close of the candle.

Here is a chart with simple indicators to get an idea of entry and exit points. Most people wanting to trade have one big issue: ENTRY and EXIT points.

Technical analysis along with Fundamental analysis. For example, we pay caution when some major news is expected, pay attention to overall sentiment and research prospects.

if you can't trust indicators blindly, what do you use in addition than?
Prediction of the price movements is super subjective.

Yes, it just went down by $30 at that time. Took a whole month to get itself out of that nasty rut.

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Re: BTC drop to next level coming...bail the F out now!
June 29, 2014, 05:09:26 PM
Reply with quote  Edit message  Delete message  #268
A boost appears to be developing...should know in a day or two!"

On Sunday at 5:00pm(that's the time I see but other's time may vary depending on your time zone), I called a boost and in 12 hours we had a 3-5% boost and now the price is $655. Basically, the idea is that we can certainly use indicators to get an idea of where things are going. I will try to post a chart later with some simple indicators on it. If anyone has any favorite indicators, please do post here as well.

I am not saying that we can blindly follow the indicators but it can be used as part of overall analysis to attain caution and get an idea of what's happening to big boy BTC.

Yeah, i stumbled accross this thread, and so i went back and looked. He was right... it did drop.
But only from 450 - 420.47 or something. And that was IT. The bottom. The lowest price since his prediction came about 1 week later..



The point is..it dropped by ~$30 and has only gone up since then.