Topic: Call the bottom (Read 1453 times)

Only in your dreams ! bitcoin prices are now trading so strong around $2500 ranges and it is highly speculated to hit $3300 in this circuit of rally. Last two times prices failed to break $3000 levels but this time we may expect less pressure from whales as they have already booked their profits hopefully they are all now out of race this time.

We just to remember all the times we are heading toward $10k levels by December 2017 hence we must need to break $3000 levels by this June. My target for July first week would be $3500 levels. So, looking for bottom has no meaning.

This bubble talk is straight nonsense. Especially when you consider that self claimed experts and analysts have said Bitcoin to be in a massive bubble back in the days it touched $100 for the first time!!

Price levels and bubble nonsense throughout the years.

$100 - experts predict massive bubble.
$200 - extended bubble, but it will pop soon.
$500 - bubble keeps growing, it's pure madness!
$1000 - governments, institutions, etc, are warning people to avoid Bitcoin!!
$1500 - new self claimed experts start to pop up, and explain to others why Bitcoin has no real value.
$2000 - media points at a massive ransomware attack as reason for Bitcoin's recent growth.
$3000 - even more self claimed bobos pop up, and start sticking their nose into something they don't know anything about.

What a bubble......

So i guess

bottom was 2120 (71%)
rebound was / will be about 2550 (85%)
(bitstamp high was 2980)


Now before i was thinking a nearly 30% fall is surely a sign that a bubble is over.
But this theory was destroyed just some days ago with fall to 1850 from 2700.

So right now i guess it could go on
(Theory that bubbles become bigger and longer than before, i can imagine a 6 month bubble)

'Everyone who doesn't think the same like I do is a shill'.

The main problem of this board since as long as I remember, all the way back to 2013 (and probably earlier on). It's this kind of cultism that just makes it annoying to enter into conversation with anymore here, as it immediatly devolves into an ad hominem fight.

You cannot - possibly - say that Bitcoin cannot go to 1 USD. It's a statement that cannot be made, as it is a distinct yet distant probability. The fact that you do not keep that possibility open, while it actually is a rational outcome, makes me think you cannot observe Bitcoin as a neutral bystander but only as someone that's emotionally invested. You cannot possibility say 'it won't go to 1 USD' as that amounts to excluding the possibility.

The second mistake is you saying 'I've never seen altcoins lose $ 2500 of its value'. This is a ridiculous way of comparing altcoins with Bitcoin, as the supply got a decisive impact on altcoin pricing. Your comment in this respect is only remotely of value with respect to altcoins with a similar supply of Bitcoin and that work in comparable ways.

I'd be very curious to see what happens when Bitcoin gets pushed off the throne in market cap. Most crypto investors are indeed idiots, and that can also work in Bitcoin's disadvantage. People would just check out what the new cool thing in town is, and buy it mindlessly. It's far from certain Bitcoin would recover to its #1 position if lost.

I have to disagree. Obviously you are shilling for some centralised shitcoin here and it is evident that you are probably just really salty that you missed the dump. Let's just say this, even if bitcoin gets overtaken by altcoins it won't go to 1 USD. Even though I don't like altcoins I have never seen an altcoin lose $2500 of its value. $400-500 will be the bottom of bitcoin if it does get overtaken, and thats a big if for you.

More likely though the bitcoin dominance percentage is going to recover, I'd say that as long as ethereum does not overtake bitcoin in market cap the floor right now is $2000 before it rebounds up to $2500-2700.

Looks like $1700 will be the bottom.

It is on rebounding now and bouncing back at $2,400 and maybe tomorrow we'll see it back at $2,500.

Include me to those people that will be disappointed when the price of bitcoin went back at $1,200 I just don't want to see it happen as I'm satisfied with a new floor price at $2,200+

Anything could happen. One of the user has quoted a price of $1200 within few months. This will be an big disappointment to the entire digital currency users. Believe such a low value won't happen anymore as the growth right now is a must to bounce back to the top value near to $3000.

$1200 in 2-3 months.

This was probably the closest assuming the bottom was reached (at around $2,100 last I saw throughout the day), not sure when we're going to say the market has rebounded to it's endpoint but for now I'd say you're off by $900 as we're trading around $2,400 right now. It could always be pushing itself further, but for right now it might be comfortable.

If it goes down more tonight, you're likely going to be proven right over a longer trend than what I'm looking at.

Personally, from here, we're gone down and back. If it does go down again, $2,000 and $2,800.

Aim for higher bottoms. Going back to $800 is like starting all over again. It will take time again for price increase. You really want to spend again another years to build resistance and support?

If you want a skyrocket price, the bottoms must be around the price we consider as high price. Look even for short period, we experience $2,000 as low price. And hopefully $3,000 above will be tagged as low price in the future. The efforts will all be gone if bitcoin price will go back again to below $1,000. Another lots of $$$$$$ needed in order to gain momentum.

Bottom: $1200, early 2018
No rebound, just a slow climb back up over the next several years

Can drop up to $ 1200 - $ 1500 and follow bullish. No crash ...

https://www.tradingview.com/chart/BTCUSD/WbYwbrp9-Can-drop-up-to-1200-1500-and-follow-bullish-No-crash/

We should be glad that we have price dip. It will only introduce more users to the bitcoin, they will be motivated by a fact that bitcoin is much cheaper that last ATH.
Every price crash is a sign for newcomers to hop on and invest. Is ts most that certain that even higher ATH will be formed.
The lower the dip the bigger price could spike in the future. The only question is: how low it can go this time around?

dunno. but nothing much but noise between now and winter and then we'll really see some impressive action. time for everyone's holidays round about now.

I hope this will not happen. And actualy, I.don't quite understand why people whish the price to fall that low. I beleive that the main interest is strong and powerful bitcoin with high price.  Ok, they want to buy at low price but if they want to profit the price should rise again. And  many of them wish one day the price to be below 1000$ and very next day above 3000$ so they could make huge profit.
But the market is not functioning that way.

We already hit bottom at $2100-2200 (depending on which exchange you're looking at). We'll see a steady rise of a few hundred a week to 3.2k then another correction to 2600 or so then moon.

$1100-1200, 6months to 3 years, $8-15k next top.

I'd say the bottom could go to 2000$ but the rebound could be to 3000$. We are all been waiting for the to hit the 3000$ mark and I believed that this crash will likely resulted to the elusive mark. The price of bitcoin swing is really unpredictable. Let us hope that the crashing will be over soon so that this 3000$ will be touch.

It's funny how people were throwing around with +$10,000 predictions, and now suddenly think that we'll fall below the $1000 mark again. It shows that not only the price experiences heavy fluctuations.

OP ~ for the short term I say $2000 bottom, and rebound to +$2500.

Bottom 2100 slingshot up to 2800 end of june

The bottom is 6/15/17 13:14 UT.  Will rebound to $2630/Bitcoin at 6/16/17 2:04 UT

1950, rebound to $3300

I don't think it will decline less than $1800 just like before, maybe it will rebound after touch $2000 floor.
But who knows what may happen in this month or next month whether it will continue to decrease, stuck somewhere or rise again. After all, who wants to sell their bitcoin at this rate? if you know bitcoin ever reached over $3000 and it is a loss for not be patient and choose to sell bitcoin at cheaper price.

Before August, it will fall to sub 500.
(only speculation)

Sounds about right.

I just hope it isn't lower than $1800.

I still want to see higher lows so I can feel bullish

For now I believe that we'll be heading towards the sub $2000 level (my guess is $1900 at lowest), where I after see the price stabilize somewhere above the $2000 level. I have closed some positions yesterday at around the $2500 level as I spotted a negative looming sentiment due to Bitmain's announcement. I plan to buy back as soon as Bitstamp enters levels below $2050 today or tomorrow.

If Bitcoin gets overtaken by newer tech in the process of this bear market? Lower than 100 dollars, and all the way back to 1. But this would take many years, somewhere around 5 to 10 years altogether, to flush out everyone that no longer believes in it and for giving everyone the time to switch.

If Bitcoin succesfully stays ahead of the competition (unlikely)? I'd say a retrace to 1100-1400 dollars. But that's a big 'if'.

hopefully back to $800 but I think that is just wishful thinking

Call the bottom,
call the rebound