emergency forecast alert - page 2. | Bitcointalksearch.org

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: Xiaoxiao on September 19, 2014, 02:52:17 PM

Quote from: megadeth on September 19, 2014, 02:35:25 PM

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

True, but the general public doesn't have 1m, nor need to take more than $9000 over boarders... but people have been treating bitcoin differently and way over valuing it, like the housing market of early 2000s. lol @ going all in on mining gear and paper wallets.

And also, this luxury won't be happening for long, the whole anonymity thing. I hope what seems like the inevitable won't be happening.

Stricter currency controls are likely in the near future. Legislation is being put into place - and is already in place in some countries - to legally confiscate private saving accounts. There will be another major crisis, and relatively soon. And more after that.

Xiaoxiao

legendary

Activity: 1274

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The Golden Rule Rules

Quote from: Chuckee on September 19, 2014, 02:56:39 PM

Quote from: megadeth on September 19, 2014, 02:35:25 PM

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

And if it were this morning, that $1 million is worth only $900k by the time you get to the other side of the border Cheesy

if you were flying virgin airlines, you'd have an internet connection and be able to sell... but then again, by the time you arrive at your destination, you could have screwed up your trades and have only $500k left! Grin

Chuckee

member

Activity: 70

Merit: 10

Quote from: megadeth on September 19, 2014, 02:35:25 PM

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

And if it were this morning, that $1 million is worth only $900k by the time you get to the other side of the border Cheesy

years of diligent saving... *poof*

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: Xiaoxiao on September 19, 2014, 02:52:17 PM

Quote from: megadeth on September 19, 2014, 02:35:25 PM

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

True, but the general public doesn't have 1m, nor need to take more than $9000 over boarders...

I could have a need to take my life savings to a different country........ ONLY BTC will allow me to do this.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Quote from: megadeth on September 19, 2014, 02:35:25 PM

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

True, but the general public doesn't have 1m, nor need to take more than $9000 over boarders... but people have been treating bitcoin differently and way over valuing it, like the housing market of early 2000s. lol @ going all in on mining gear and paper wallets.

And also, this luxury won't be happening for long, the whole anonymity thing. I hope what seems like the inevitable won't be happening.

Argwai96

legendary

Activity: 1036

Merit: 1000

Thug for life!

Quote from: Tzupy on September 19, 2014, 02:40:00 PM

Quote from: Argwai96 on September 19, 2014, 02:36:23 PM

Quote from: Tzupy on September 19, 2014, 02:34:23 PM

Maybe, but I doubt it, BDD shows yet no signs of early adopters panicking. However miners may sell a lot.
And considering how long market moves take, I'd say that after the current drop ends into consolidation,
there could be some 10 days sideways before the next major drop. IMO 4 days seems too soon.

I don't think we can get to $200s that quickly. I think though that we may have another down leg to this move, maybe get into that $340-360 range. I can't imagine bulls don't want to defend that level.

I didn't say drop to 200$. My current prediction for the bottom is 250$ - 300$, in the second half of October (already posted that days ago).
I have no reason to change it yet. Bulls can't defend much, they hold BTC, it's the bears (holding fiat) that define support levels.

Just to clarify -- the OP said $200s. And I also said $200s. (Not $200) I agree that $250 is a likely floor, though I wouldn't rule out a wick to the $230 level either.

Argwai96

legendary

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Thug for life!

Quote from: megadeth on September 19, 2014, 02:35:25 PM

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

And why is BTC the only thing capable of doing this? The blockchain protocol is what is important. Whether or not BTC maintains the dominant position in implementations of the blockchain is the question.

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: Argwai96 on September 19, 2014, 02:36:23 PM

Quote from: Tzupy on September 19, 2014, 02:34:23 PM

Maybe, but I doubt it, BDD shows yet no signs of early adopters panicking. However miners may sell a lot.
And considering how long market moves take, I'd say that after the current drop ends into consolidation,
there could be some 10 days sideways before the next major drop. IMO 4 days seems too soon.

I don't think we can get to $200s that quickly. I think though that we may have another down leg to this move, maybe get into that $340-360 range. I can't imagine bulls don't want to defend that level.

I didn't say drop to 200$. My current prediction for the bottom is 250$ - 300$, in the second half of October (already posted that days ago).
I have no reason to change it yet. Bulls can't defend much, they hold BTC, it's the bears (holding fiat) that define support levels.

mccoyspace

full member

Activity: 237

Merit: 101

Quote from: megadeth on September 19, 2014, 02:35:25 PM

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

Except that it might be worth 500k when you get to the other side.

zeroday

donator

Activity: 784

Merit: 1000

Quote from: megadeth on September 19, 2014, 02:35:25 PM

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

This is why BTC ATMs are invading our planet

Now we need cheap coins to attract more followers.

Argwai96

legendary

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Merit: 1000

Thug for life!

Quote from: Tzupy on September 19, 2014, 02:34:23 PM

Maybe, but I doubt it, BDD shows yet no signs of early adopters panicking. However miners may sell a lot.
And considering how long market moves take, I'd say that after the current drop ends into consolidation,
there could be some 10 days sideways before the next major drop. IMO 4 days seems too soon.

I don't think we can get to $200s that quickly. I think though that we may have another down leg to this move, maybe get into that $340-360 range. I can't imagine bulls don't want to defend that level.

megadeth

sr. member

Activity: 289

Merit: 252

bagholder since 2013

Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

Argwai96

legendary

Activity: 1036

Merit: 1000

Thug for life!

While I tend to agree that more down is incoming, shorting $400 is very risky. Better to wait for a bounce to short or otherwise watch for the breakout to the downside.

Tzupy

legendary

Activity: 2170

Merit: 1094

Maybe, but I doubt it, BDD shows yet no signs of early adopters panicking. However miners may sell a lot.
And considering how long market moves take, I'd say that after the current drop ends into consolidation,
there could be some 10 days sideways before the next major drop. IMO 4 days seems too soon.

zeroday

donator

Activity: 784

Merit: 1000

Leverage shorts all the way. Time to make money

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Through tonight to sunday, there won't be much price change... will float around 380-410... but come monday or tuesday, a sell off of monumental magnitudes will ensue. I believe those will be the hesistant miners cutting their losses for this year.

Right now there is hesistation to sell, but strong hands are becoming shakier....

the drop to the sub 300s and 200s might happen sooner than i had thought.

Bitcoin certainly HAD potential last year this time. But as it was revealed to the masses, people aren't exactly thrilled by its protocol and such. Sure the protocol "works". I mean, if it doesn't even work, then it shouldn't exist in the first place.

The argument that it "works" doesn't mean it is revolutionary.

Topic: emergency forecast alert - page 2. (Read 2593 times)