Fallling is a troll, but expect $500-$470 in a few weeks anyway - page 2.

falllling

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Activity: 112

Merit: 10

Quote from: JimNastics on August 13, 2014, 06:54:24 AM

Quote from: Wandererfromthenorth on August 13, 2014, 06:30:34 AM

Quote from: pinksheep on August 13, 2014, 06:25:25 AM

so is this a short term trend or are we never going to see $10K etc?

Ignore fallling, he is just trolling Grin

fallling is doing a valuable service... we all want this bear market to end, so anything that shakes out weak hands and quicken it up is welcome. I don't think he's trolling to get cheap coins, he's just putting the effort in to speed things along that few others can be bothered to do. He's a hero in my eyes.

sorry but the bear market will only end with bitcoin, everyone is selling and no one is buying bitcoin,
you may be able to buy all bitcoins at $0.0000000xx after the final capitulation but they would be useless at that time

JimNastics

newbie

Activity: 26

Merit: 0

Quote from: Wandererfromthenorth on August 13, 2014, 06:30:34 AM

Quote from: pinksheep on August 13, 2014, 06:25:25 AM

so is this a short term trend or are we never going to see $10K etc?

Ignore fallling, he is just trolling Grin

fallling is doing a valuable service... we all want this bear market to end, so anything that shakes out weak hands and quicken it up is welcome. I don't think he's trolling to get cheap coins, he's just putting the effort in to speed things along that few others can be bothered to do. He's a hero in my eyes.

falllling

member

Activity: 112

Merit: 10

Quote from: JimNastics on August 13, 2014, 06:27:13 AM

Quote from: pinksheep on August 13, 2014, 06:25:25 AM

so is this a short term trend or are we never going to see $10K etc?

Good chance we'll see $10k one day, but it could be a long way away. A final capitulation in this bear market looks to be just around the corner now, BTC looks so weak.

let me get straight to the point, no you will never see $10k coin,
yes the final capitulation is coming and bitcoin is going to drop even harder and hit $0 at the last

Wandererfromthenorth

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Activity: 742

Merit: 500

Quote from: pinksheep on August 13, 2014, 06:25:25 AM

so is this a short term trend or are we never going to see $10K etc?

Ignore fallling, he is just trolling Grin

My prediction is short term (next weeks/months). Long term anything is possible.

JimNastics

newbie

Activity: 26

Merit: 0

Quote from: pinksheep on August 13, 2014, 06:25:25 AM

so is this a short term trend or are we never going to see $10K etc?

Good chance we'll see $10k one day, but it could be a long way away. A final capitulation in this bear market looks to be just around the corner now, BTC looks so weak.

pinksheep

full member

Activity: 196

Merit: 100

so is this a short term trend or are we never going to see $10K etc?

falllling

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Activity: 112

Merit: 10

HurricanOday

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Activity: 62

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Mining. Hosting. Cloud Mining.

Quote from: Hamuki on August 13, 2014, 05:58:52 AM

So should I, or should I not sell out of my BTC to Fiat Currency?

I sold my 10 coins at 551$ with an average buy of 520/30 forget, not sure what is going to happen but don't want to risk it. My feeling is it is going to continue going down and hopefully I can buy back in the 400s. My thought process was if I pull it out now it will still be worth 5450$ and worse case is I will have to buy in a little higher or the other option is my 5k is worth 3k or what ever the price drops to. If that makes sense...

I want to be at 10 coins so if I can buy 10 back at 3k or 4k I won't be risking the 5k I took out. Hopefully I didn't screw myself

Wandererfromthenorth

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Activity: 742

Merit: 500

Quote from: Dalmar on August 13, 2014, 05:54:20 AM

According to Elliot Wave theory wave 1 (bounce from 340 to 548) must not overlap with wave 4 (current one). Since price territory has been overlapping it suggests that 340 was not the ultimate low and more downside may be coming in the following months.

Personally I have not found Elliot Wave theory to be particularly efficient with BTC (maybe it's just me).
It seems to be more about trend lines, spotting breakout/break down points, fibonacci, triangles.
And then when you have spotted important crucial points with these tools, you look at the depth chart, price action and volume to see what's going on.

Hamuki

legendary

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So should I, or should I not sell out of my BTC to Fiat Currency?

Dalmar

hero member

Activity: 1106

Merit: 500

Life is short, practice empathy in your life

According to Elliott Wave theory, wave 1 (bounce from 340 to 548) must not overlap with wave 4 (current one). Since price territory has been overlapping it suggests that 340 was not the ultimate low and more downside may be coming in the following months if it starts trading in the lower 500s.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Volume is low, Bid sum at Bitstamp is bad. no buying going on, the little rebounds are very weak.

Unless some huge bull whale starts to buy everything up (i doubt it), we going down Sad

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Few weeks back and now we had multiple occasions of breaking out for BTC, but we failed, and we are failing now, so we break down.
Possible targets for the next weeks are $500 and $470 (it will probably bounce here and there before reaching these targets).
Possible start of the next bubble/crash to the ground delayed until at least November it seems

These are my pics:

Topic: Fallling is a troll, but expect $500-$470 in a few weeks anyway - page 2. (Read 2845 times)