Topic: Did we finally reach the bottom? (Read 3368 times)

I'm beginning to believe that bitcoin need this.

I position trader doesn't call the bottom.  That's a fools game.

But they do have the balls to buy progressively until the bottom is indeed hit.

A strategy I would suggest in this current market condition.

No, we aren't at bottom.  We need more pessimism from the Sheeple.  The same sheeple I'll be selling to when we hit the euphoria phase.

Yes, direct I know.  But direct seems to be the way to get the message through.

As much you shout it from the rooftops the sheeple make the same mistake over & over, buying at the top, & then selling in times like these.

Now is not the time to be selling (but please do anyway, cause I want cheap coins).... now is the time to be buying.  But budget yourself to buy in progressively all he way through the dip.

It's the visionaries who are buying now.  Those are the people that will push the innovation that will make the next high multiples of the last.

Those are the people we need in the market.  So non-visionaries, do use all a public service, and sell... sell... sell... please... sell... market orders only when you do.

How much do trolls have to pay for hero member accounts these days?

Ehh no.
There won't be a bottom anymore until it died out around a few cents.
Call that a bottom if you will but it's not going anywhere from that point.

Please do your part to push the market to the bottom (and get my open orders filled).  

Sell... sell... sell...

C'mon.  We all knew this Bitcoin thing couldn't last.  

It was a fantasy from the start.

Sell... sell... sell.... the sooner you sell, the sooner we hit bottom.  The sooner the coins are back into strong hands & the visionaries so necessary to push this movement forward.

From my analysis, we still have one move down to go before we reach a bottom which should take us under the previous low but still above $200, though we might revisit $300 before going there. Let's wait and see.

And that is back where it is heading. 

Most people are quietly accumulating bitcoins, while claiming that the price is going below $200 shortly.

The problem as I see it is not "Bears" per say...it is people in my situation.....or close to it....

I have every BTC and LTC I've ever mined....and am still ahead of the game ...as example BTC will have to go below

like $128 a BTC for me to start on the downward path of money lost (at least on paper...not counting elec as a ballpark figure)

So..I be a mining away.....BTC (Jupiter which will prob shut down next diff change) and Titan (no refund no roi mistake) but be a mining
LTC as of now on the hope and a prayer it will go up when BTC hopefully someday recovers

to LTC and holding out of desperation LTC will come back (no need to yell at me about LTC we will see .....odds are long)

So...back to the point

In my situation and others lots of us are either getting our BTC or LTC or LTC to BTC or whatever by mining out our equipment till
they reach the vaulted 'doorstop status" ...at this point a lot of folk are 'just' gonna sit on their hoard and watch (at best) this is
assuming they don't panic sell (best case)

But I really don't know anyone that at this point in time without a bottom on either BTC or LTC prices that is 'buying' coin...thus with this
and addition to the folk with large farms like KNC and/or merchants like overstock or newegg that xfer their BTC to $$$ directly probably each day at least
which adds to a constant down pressure in price.....well...most of us just sit here and hold...looking for the bottom in price and have
no real urge to buy coin...if the bulls are correct ..we will kick ourselves ..if the bears are correct we will kick ourselves for not selling

MOST of us in the cryptoworld imho are "holding" or we would not have the prices we have now...would be lower...but as to BUYING
BTC most of us who have been in this for a year or more imho are just holding or winding up mining and watching/waiting to get back in

imho that is the vast majority of folks into crypto now as an investment long term anyway

Bulls are still being Bulls ....Bears are still being Bears....but imho most of us are in the above boat...we are in this crypto up to a
point where we are 'holding' but as to adding to the expansion of any cryptocurrency via purchases ..thus the volume being where
it is at

BUYING COIN....er not so much gonna happen unless something breaks this group loose in a positive manner to crypto of any coin type

As to myself...er nope.....shot my wad....when mining equip is obsolete .....will hold....but if a lot of folk are doing what I'm doing gonna be
a sudden stop in BTC or LTC coming into the market this spring from folk like us and just a lot of holding...it wil be even more mine to USD
direct no matter what coin mined by the large farms and/or use by merchants like overstock and such again via bitpay to usd directly

with that in mind....I would not be surprised to see $150 usd BTC or $1 LTC

so that is the crowd BTC or crypto's have to wow into buying coin again ...it is like I've said before if the 'home miners' imho the 'cheerleaders'
in communities they are at .......no longer can mine due to cost and difficulty....where is the push to move BTC or whatever coin going to come
from towards its useage? Even if crypto's survive gonna be a big slump in the crypto movement for acceptance when/if that comes to pass
and as a result i see a further dump in price

hope I'm wrong and useage/acceptance or the facebook twins turn it around with their ETF but as of now ..imho it boils down to how
many keep the faith and hold thru all this...buying...again.....I'm maxed out for risk...and again am saying the majority of those into crypto
at this point of time (that are not trading for coin at least) are in my boat..ie 'fence sitting' and probably gonna stay that way long after
our miners are doorstops at best

my 2c worth (again what do I know I got a knc Titan no roi no refund unit)

I would agree with this maybe 5 months ago or so, but today i am not sure the bottom will be "marked" with the big bounce.

this is your last chance for cheap coins and you bears are squandering it.

Every time any kind of physiological barrier is breached people will start to panic. The same was true when the price breached $500, the same was true when the price breached $300.

Assuming the price goes below $250 the same will be true, the same with probably $200

The price will go up, Bitcoin is the future!

Exactly. Also I don't think that people will sell at a very big loss, most will simply wait for the price to go up.

what? the contrary will happen actually, a panic buy will start, and for this reason we will never go even below 200

And herein lies a big chunk of the problem facing bitcoin.  So many people in it for profit, not for what it was invented for.  I will continue to mine even at a financial cost because I want the network to succeed, I want the potential for bitcoin to be realised.

If I want to earn bitcoin then I'll go out and provide something of value to someone in return for it.

You see, Sapcecakes is right.  If you are only looking to sell it out at a profit and carry on with fiat you are part of the problem, not the solution.  To me it doesn't matter if bitcoin drops to less than a dollar, it's still a fundamentally useful technology and that is what I'm hoping to see people build on.  In fact, I'm not just predicting the price will continue to fall, I'm actively hoping it will, because then the short sighted people will be removed from the industry and the people who actually see its true value will be left to develop its future without being surrounded by folk who have nothing but dollar signs in their eyes.

Here's to hoping for a <$1 bitcoin :-D

This is not gonna happen,you can sleep in peace.

If we will go near $100 price range it will cause mass panic and the price would go down right to the bottom. It probably would be the end of bitcoin as people will be selling everything like crazy.

I'd bet we will go to the $100 range.

that's a stupid bottom, not gonna happen, below 200 is a tough one already