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Topic: FAO dropt: MatTheCat's call for $200 range comes to fruition - page 2. (Read 2489 times)

legendary
Activity: 2114
Merit: 1015
Even though I enjoy high prices I also enjoy low prices and all the suffering it brings Tongue for instance, many miners will get below the water. I remember people massively buying into bitcoin when it first reached 500$. I got strangers asking OTC coins in Facebook because they somehow found out that I'm a bitcoin believer. I personally have a very high pain threshold and in the beginning of September I had a dream of BTC trading at 150$ while falling. I'm not selling because I don't care about money and profit that much, it's too much of a hassle to go dig up the cold storage.

To all the bears whose predictions are now coming to truth: yes, you were right. now what?
legendary
Activity: 1862
Merit: 1009
So what are the predictions for the future?

Sub 100 level? Or will we recover?
hero member
Activity: 840
Merit: 1000
Hiya dropt!

Still kicking around here? Well, I seem to remember being absolutely fucking ridiculed for my long term prediction of Bitcoin hitting the $200 range.

I have your post (the one, ridiculing me for calling a penultimate correction down into $200 range) bookmarked on my home desktop, waiting on this day that I felt certain was coming. Granted, I also thought at one point Bitcoin would get up to $800 range before the Wave C kicked in. Turns out it didn't and I lost yet more money betting on it (the last money I shall ever pour into the bottomless pit known as Bitcoin. Bitcoin is obvioulsy a much weaker more overbought market than even I thought. And now that we have smashed into that $270 April 2013 ATH with a massive sell-off....I can't really say that I see much of a rebound occurring. More likely is that all the buyers of dem 'cheap coins' will soon realise that upper $200s was not a good buy-in point at all and will thus seek to preserve their wealth by SELLING!

I am currently at sea just now but will get back to my home PC sometime next week and will be sure to remind you of your rather unsage comments.

But until then, here is a big FU 2 U!
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