Topic: How low is it going to go? $25, $15, $5, $2? - page 2. (Read 2629 times)
If you're trying to compare the first and second big crashes, why on earth are you using linear charts?
Asic miners will have to unplug their rigs at around $1.21 unless they have free electricity.
Calculations using 10w/1Gh/s@ $0.12/kwh
Calculations using 10w/1Gh/s@ $0.12/kwh
i will save you all the pain of waiting for your btc to be worthless - buying @ $2 today! get it while my offer is still available
Please elaborate market cool down.
A little off-topic, but I'll entertain it.
A market cool down is when trading is halted for a period of time.
Please elaborate the reasons this is legal.
There are no laws saying that this is illegal... It's up to the trading organization to implement, so if you don't like it, go somewhere else.Thank you.
You're welcome. 
Please elaborate market cool down. Please elaborate the reasons this is legal. Thank you.
Should be $30 by the end of next week. And slowly drop from there and stabilize into the teens.
That's not going to happen that quickly... The trade organizations will halt trading to "cool down", it's going to take longer than that.
Worst case seems to be the high area of 2011, so 30's roughly.
We're "off plan" for the retrace playing out like 2011 though, we didn't get the massive rebound that they did, just the grind lower. I think we're in the "Second Grind Lower" part of this: http://pastebin.com/v6npykei
There is the possibility since we're not replaying the prior action identically that we don't slump below 64 - but of course, there's no guarantee.
We're "off plan" for the retrace playing out like 2011 though, we didn't get the massive rebound that they did, just the grind lower. I think we're in the "Second Grind Lower" part of this: http://pastebin.com/v6npykei
There is the possibility since we're not replaying the prior action identically that we don't slump below 64 - but of course, there's no guarantee.
It's not going to be exactly the same... You have to look at the overall patterns.. There are a lot of other factors that come into play that where not around in 2011 - (besides more people, different people, bigger scale)
One big difference, was in 2011, the trade organizations didn't have a "market cooldown" like there was in 2013.
Worst case seems to be the high area of 2011, so 30's roughly.
We're "off plan" for the retrace playing out like 2011 though, we didn't get the massive rebound that they did, just the grind lower. I think we're in the "Second Grind Lower" part of this: http://pastebin.com/v6npykei
There is the possibility since we're not replaying the prior action identically that we don't slump below 64 - but of course, there's no guarantee.
We're "off plan" for the retrace playing out like 2011 though, we didn't get the massive rebound that they did, just the grind lower. I think we're in the "Second Grind Lower" part of this: http://pastebin.com/v6npykei
There is the possibility since we're not replaying the prior action identically that we don't slump below 64 - but of course, there's no guarantee.
Should be $30 by the end of next week. And slowly drop from there and stabilize into the teens.
Except the dollar itself is in a bull trap so that too may collapse. Thus commodity prices in terms of dollars will fall upwards, so to speak?
IF that happens, it'll take a long time for that to play out.
I'm not disagreeing with you, but Helicopter Ben's been trying to crash the dollar as quickly as possible. Seems people's faith in the green filth is tough to crush, however...
Kind of shocking.
Except the dollar itself is in a bull trap so that too may collapse. Thus commodity prices in terms of dollars will fall upwards, so to speak?
IF that happens, it'll take a long time for that to play out.
I'm not disagreeing with you, but Helicopter Ben's been trying to crash the dollar as quickly as possible. Seems people's faith in the green filth is tough to crush, however...
Its bubble deflation. Speculators are getting flushed out.
Get ready for $30
Get ready for $30
I think $30 is high, but not a bad buy for a long term investment. The great thing about bitcoin is it's ability to deflate, that way you do not have the issues with hyper-inflation. It's just running the typical cycle.
Except the dollar itself is in a bull trap so that too may collapse. Thus commodity prices in terms of dollars will fall upwards, so to speak?
IF that happens, it'll take a long time for that to play out.
Except the dollar itself is in a bull trap so that too may collapse. Thus commodity prices in terms of dollars will fall upwards, so to speak?
Its bubble deflation. Speculators are getting flushed out.
Get ready for $30
Btw, I expect the same thing to happen soon in the stock, bond and most other financial markets - when people realize how crazy the politicians and central bankers are, and that practically every financial market is in a bubble.
Watch from the current BTC collapse and learn. It's called "bubble deflation". This type of collapse, currently affecting bitcoin, is coming to all other financial markets soon
Get ready for $30
Btw, I expect the same thing to happen soon in the stock, bond and most other financial markets - when people realize how crazy the politicians and central bankers are, and that practically every financial market is in a bubble.
Watch from the current BTC collapse and learn. It's called "bubble deflation". This type of collapse, currently affecting bitcoin, is coming to all other financial markets soon
It's going to drop, but how low?
Let's take a look at the long term spec...
There are three simple areas that stand out (The elephant in the room). Just take a look at the difficulty level, and how it traces through history.
If you remember back in 2011 the last time this happened, there's a similar pattern occurring...
1. The difficulty spikes, and shortly following is a nice spike that went up to ~$30.
2. Diff level's out... BTC value drops to ~$2.
3. Because BTC is on a whole new scale, and maturity level, it's just occurring again but on a bigger scale.
It's not going to drop to $2, but it's going to drop to something lower than $30.
For example, if the price where to drop from $30 to $2, I think that's big drop. Now if that same type of drop from $260 .... You get the picture.
Let's take a look at the long term spec...
There are three simple areas that stand out (The elephant in the room). Just take a look at the difficulty level, and how it traces through history.
If you remember back in 2011 the last time this happened, there's a similar pattern occurring...
1. The difficulty spikes, and shortly following is a nice spike that went up to ~$30.
2. Diff level's out... BTC value drops to ~$2.
3. Because BTC is on a whole new scale, and maturity level, it's just occurring again but on a bigger scale.
It's not going to drop to $2, but it's going to drop to something lower than $30.
For example, if the price where to drop from $30 to $2, I think that's big drop. Now if that same type of drop from $260 .... You get the picture.
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