Topic: BTC will go down to 20 - page 2. (Read 3325 times)
Well, for those who don't want to trade, buy and hold is a proven strategy with Bitcoin.
Agreed, bit coin is on its way down. There is no question, we're going down to $50, $40, $30, $20, even $10. The only people buying are those who think we're back in March and the price is going to $150 or $200 again. Please, give me a break. To Anyone still holding BTC , sell now whilst these crazy people are still existing and willing to buy your coins, because I can guarantee they are not going to be around here much longer.
Say this to miners who invested thousands of USD into ASICs and have to give away generated coins so cheaply in own loss!Personally, I will never sell my coins below $50!
Agreed, bit coin is on its way down. There is no question, we're going down to $50, $40, $30, $20, even $10. The only people buying are those who think we're back in March and the price is going to $150 or $200 again. Please, give me a break. To Anyone still holding BTC , sell now whilst these crazy people are still existing and willing to buy your coins, because I can guarantee they are not going to be around here much longer.
It's funny to see people still thinking it's Cyprus that caused the bubble, lol.
Agreed.
It probably skyrocketed on its own after a few months (Dec - Feb) of daily, mini-pumps/dumps. Over a long enough period, small pumps and dumps can look like a genuine trend upward. New speculators saw this, wanted to make a quick buck, assumed it would continue indefinitely and drove the price through the roof.
Same thing happening with most of alt-coins right now.
It's actually pretty simple. Basis Elliott Wave knowledge is sufficient to understand the BTC market.
Wave C will go down to where the "bubble" started. OK maybe not the full way ($10), but something like $20 or $25.
Wave C will go down to where the "bubble" started. OK maybe not the full way ($10), but something like $20 or $25.
Lucky that the price history isn't slightly different, otherwise it would go down to -20
You're out of your mind.
Shush, none shall question the great Idiot Wave theory.
It's funny to see people still thinking it's Cyprus that caused the bubble, lol.
The price was about $50 before Cypriot crisis ballooned the bubble, so I don't think Bitcoin will ever fall below it.
Also don't forget about reward halving and difficulty increase which made unprofitable selling mined coins below $30-50.
Also don't forget about reward halving and difficulty increase which made unprofitable selling mined coins below $30-50.
I think that a lot of people that believe in Bitcoin are just hanging fire - until they identify their perceived bottom, and then will re-invest the same amount of capital but with a larger quantity of coins purchased.
As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.
Hmmm. That would be a tremendous wall to sell through, but if it is sold through, confidence will be (temporarily) shattered. Currently $50 is the mental safety-net.
This feels right to me. Whenever I want to predict what the market will do I start by asking, "What would I do?" If the price drops to the $5o range again, I'm going to be buying all that I can. If there are many buyers out there like me, the price is going to have a hell of a time going below $50.
Awesome! Bring it down - I will be waiting to jump in! 
using the out of my ass (tm) analysis clearly this is a donkey balls bear crush wave.
this means that it will be way over 200 by the end of may
this means that it will be way over 200 by the end of may
You're out of your mind.
Possibly. But I made good money trading wave 5, A and B.
Hey sanity is overrated, I just don't think that price is possible. There are more people in the market now than then. Ergo,more demand, math, higher price.
As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.
All I care about is multiplying my BTC in that time frame. It could go up, it could go down, doesn't matter, more BTC, more happy. This is how you win the game.
It's starting to look that way.BTC is really starting to drop.I wonder if it'll follow another cycle where the value gets really low (£1.78 GBP per BTC like I saw once) before steadily rising again for a while before peaking like it did a short while ago?
There are more people in the market now than then. Ergo,more demand, math, higher price.
I wouldn't be so sure. You're forgetting that a number of exchanges have shut down or blocked accounts recently, which scared some people away from Bitcoin forever, that Gox is getting sued, which scares even more people and that Google Trends shows the search volume for the term "bitcoin" has dropped back to February levels and seems to be continuing on that downward trend.This is the April 2013 Crash and it's not over 'til it's over.
You're out of your mind.
Possibly. But I made good money trading wave 5, A and B.
Hey sanity is overrated, I just don't think that price is possible. There are more people in the market now than then. Ergo,more demand, math, higher price.
As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.
All I care about is multiplying my BTC in that time frame. It could go up, it could go down, doesn't matter, more BTC, more happy. This is how you win the game.
As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.
Hmmm. That would be a tremendous wall to sell through, but if it is sold through, confidence will be (temporarily) shattered. Currently $50 is the mental safety-net.
You're out of your mind.
Possibly. But I made good money trading wave 5, A and B.
Hey sanity is overrated, I just don't think that price is possible. There are more people in the market now than then. Ergo,more demand, math, higher price.
As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.
You're out of your mind.
Possibly. But I made good money trading wave 5, A and B.
Hey sanity is overrated, I just don't think that price is possible. There are more people in the market now than then. Ergo,more demand, math, higher price.
can i have a puff?
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