I am having soo much fun reading this thread again!
250 , 500 , did we hit the bottom yet?
Topic: Call the Bottom Here ! (Read 4552 times)
Daily SMA200 sitting right under previous ATH (just under $250). Seems like a nice bottom.
I'm sort of trolling now.....
I'm sort of trolling now.....
We heard you already, kuroth. Stop the inane bragging.
Who's Kuroth?
Someone spamming the forum, his posts have been removed now.
We heard you already, kuroth. Stop the inane bragging.
Who's Kuroth?
A) new money coming in next week.
It will take for a while for new money to come in right now. The shock for a 50% flash crash was huge. Right now for outsiders bitcoin equals volatility.
Actually there has been a huge buying spree past 3 days which helped it from free fall, about 250Million USD worth
What do you mean? Before the China news?
Really hard to tell if the bottom is in yet.
Not really sure what this means or if this is indicative of other exchanges but -> https://www.cavirtex.com/news
Lots of new players, and the legislation in Canada has been somewhat favorable so far. I'm still waiting to see definitive tax laws regarding how mining income will be regarded. If I have receipts for $20,000 worth of mining equipment, can I write that off against taking withdrawls out of cavirtex?
I have a few bids left, I personally hope this isn't over yet.
Not really sure what this means or if this is indicative of other exchanges but -> https://www.cavirtex.com/news
Lots of new players, and the legislation in Canada has been somewhat favorable so far. I'm still waiting to see definitive tax laws regarding how mining income will be regarded. If I have receipts for $20,000 worth of mining equipment, can I write that off against taking withdrawls out of cavirtex?
I have a few bids left, I personally hope this isn't over yet.
A) new money coming in next week.
It will take for a while for new money to come in right now. The shock for a 50% flash crash was huge. Right now for outsiders bitcoin equals volatility.
Actually there has been a huge buying spree past 3 days which helped it from free fall, about 250Million USD worth
A) new money coming in next week.
It will take for a while for new money to come in right now. The shock for a 50% flash crash was huge. Right now for outsiders bitcoin equals volatility.
If my calculations are correct, we're going to see some serious shit.
Testing the upper resistance of 700-750, unless some good news comes out soon I expect we'll be bouncing off and then we could see levels at $400 or below by Monday.
Testing the upper resistance of 700-750, unless some good news comes out soon I expect we'll be bouncing off and then we could see levels at $400 or below by Monday.
Perhaps.
Or perhaps not nearly as much money left the market for good as you assume. And if that's the case, there are 2 reasons that channel might not sustain. A) new money coming in next week. B) money sitting on the sidelines waiting for lower prices. Over 100 million of it across the exchanges in fact.
We heard you already, kuroth. Stop the inane bragging.
He's not bragging, he's advertising. Just click Ignore.
It must go up before it can crash down any further.
True or False?
True or False?
If my calculations are correct, we're going to see some serious shit.
Testing the upper resistance of 700-750, unless some good news comes out soon I expect we'll be bouncing off and then we could see levels at $400 or below by Monday.
Testing the upper resistance of 700-750, unless some good news comes out soon I expect we'll be bouncing off and then we could see levels at $400 or below by Monday.
I would think that bottom has already been reached. For the price to reach 400 someone have to dump 40 000 BTC (on gox alone), To reach 500: 25000 BTC (all assuming no new buy orders). That imho is not going to happen.
750 is the new bottom 
Bottom? 576
Infinitely wrong, the crash in April was due to a blockchain fork and Mt Gox's 8 hours of lag and inability to login which put out limitless fear. Without something major like another fork, or the us military saying they are going to unleash marshal law on bitcoin supporters... 50% retrace is what you get. Sorry the bottom for you is in Oct, your now in the company of those that are waiting for the bottom from January and added to those that are waiting from the bottom last summer.
young grasshopper, with wisdom you will learn that in markets, there are no reasons and causes, there is only prices and volume. remember what Neo said, "there is no reason".
Infinitely wrong, the crash in April was due to a blockchain fork and Mt Gox's 8 hours of lag and inability to login which put out limitless fear. Without something major like another fork, or the us military saying they are going to unleash marshal law on bitcoin supporters... 50% retrace is what you get. Sorry the bottom for you is in Oct, your now in the company of those that are waiting for the bottom from January and added to those that are waiting from the bottom last summer.
young grasshopper, with wisdom you will learn that in markets, there are no reasons and causes, there is only prices and volume. remember what Neo said, "there is no reason".
I don't think there is a more safe bet for a false prediction than to look previous crashes and try to apply them today without having a clue about what caused each crash.
Bottom will be 100 usd. And then, go for 10k 
I think you're underestimating it.
Bottom will be 0.01 usd. And then, go for 10M
look at march april. it tok about 3 weeks for the bull move to the top starting in march, the same amount of time approx starting in november.
in april the crash took 7 days of consecutive red bars. we are in day 3 at the mo, so about halfway. i predicts we hit bottom next wednesday and the bottom will be 224.
in april the crash took 7 days of consecutive red bars. we are in day 3 at the mo, so about halfway. i predicts we hit bottom next wednesday and the bottom will be 224.
Remember also that we're in the middle of a weekend now, sometimes a bit of a downer for bitcoin. But $700 is being tested and holding so far, suggesting strong support.
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