how low will we go before we hit bottom?

evolve

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Quote from: Zangelbert Bingledack on July 05, 2013, 09:46:27 AM

Quote from: evolve on July 05, 2013, 01:26:50 AM

Quote from: Zangelbert Bingledack on July 05, 2013, 12:51:08 AM

Why?

Bigger bubble, bigger pop.

How do you figure it's bigger? In percentage terms or absolute? In percentage terms the 2011 bubble was bigger and more abrupt. In absolute terms we've already popped way farther than in 2011 (but absolute price should be irrelevant anyway).

Hype, media, volume, percentage and absolute price.

It's only smaller percentage wise if you start the 2011 bubble at like 0.50. IMO, the bubble started much later. The log chart only gives you a small part of the picture of the Bitcoin economy during 2011.

Kiaya

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https://i.imgur.com/q1IbF37.png

Seeing lots of resistance around 50, and I think some exponential support might come into play around 30. I'd be really surprised at anything less than $30 - I'm sure it'll bounce around quite a bit on the way down.

Zangelbert Bingledack

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Quote from: evolve on July 05, 2013, 01:26:50 AM

Quote from: Zangelbert Bingledack on July 05, 2013, 12:51:08 AM

Why?

Bigger bubble, bigger pop.

How do you figure it's bigger? In percentage terms or absolute? In percentage terms the 2011 bubble was bigger and more abrupt. In absolute terms we've already popped way farther than in 2011 (but absolute price should be irrelevant anyway).

solex

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100 satoshis -> ISO code

We have already had a low of $50.01

The low-down or highlight is: any low higher than that will be a higher low, not the lowest low which is commonly known as a bottom!

evolve

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Quote from: Zangelbert Bingledack on July 05, 2013, 12:51:08 AM

Why?

Bigger bubble, bigger pop.

hl5460

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news.8btc.com

Ideal number will be 30 if 50 doesn't stand.

Zangelbert Bingledack

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Quote from: evolve on July 05, 2013, 12:27:05 AM

I think single digits is very possible.

Why? That'd be a worse rout than 2011. I can't see any reason why it should be as bad as 2011, let alone worse.

Zangelbert Bingledack

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Quote from: Miz4r on July 04, 2013, 06:39:07 PM

The way the market is looking right now I'd say we are going to bottom out either in the 50s or low 60s somewhere in August or September this year. Don't think we're going into full panic mode and subsequent capitulation, this is not 2011 and fundamentals are looking too good for that to happen imo. Another option is that the market slowly regains confidence and support at 80 until it's ready to move up again, but I think that's the least likely option at this moment. It just feels like there has to be some more bloodshed first.

+1

Though timing might be different.

evolve

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I think single digits is very possible.

campello

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$52 in July 8. I just guess.

Miz4r

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The way the market is looking right now I'd say we are going to bottom out either in the 50s or low 60s somewhere in August or September this year. Don't think we're going into full panic mode and subsequent capitulation, this is not 2011 and fundamentals are looking too good for that to happen imo. Another option is that the market slowly regains confidence and support at 80 until it's ready to move up again, but I think that's the least likely option at this moment. It just feels like there has to be some more bloodshed first.

BitChick

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There was some really positive news in the Press section that did not get much attention today though. It looks like BTC could take off in a big way in Africa:

https://bitcointalksearch.org/topic/2013-07-01-bitcoin-wallet-in-africa-wwwkipochicom-250027

But I am always looking for reasons to be bullish so my opinions are probably highly biased that way.

The Bitcoin Catalog

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My guess high is 65$ and my guess low is 50$

BitChick

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Quote from: Jozzaboy on July 04, 2013, 06:09:48 PM

Quote from: BitChick on July 04, 2013, 06:03:56 PM

$72.

So we already hit bottom? Hard to say, I think we will jump into the 60s one final time.

I am probably just way too optimistic. But that option was not on the poll so I threw it out there. Grin

Kazu

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The bottom will likely be at or around $57.

Why? Because $57 was the bottom of the last crash. Moreover there is already a fair sized wall forming just below it. There will be a group of people (like me) that will put in a gigantic buy order the moment the thing drops to $57. Then there will be the normal people that bandwaggon on to the wall that is forming just below $57. Also who in their right mind would sell for lower than the flash crash bottom? End result the price will double bottom at $57.

Very little support till there then.

Jozzaboy

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Quote from: BitChick on July 04, 2013, 06:03:56 PM

$72.

So we already hit bottom? Hard to say, I think we will jump into the 60s one final time.

BitChick

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$72.

BobMarley

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Quote from: Teal Deer on July 03, 2013, 07:59:51 PM

I FINK IT WILL GET TO 1 CENT PER BTC COS DEN I CAN HAZ ALL TEH BTCS

-Jaroslaw

you have 120000$ lying around ?

Mats8500

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Quote from: Jaroslaw on July 03, 2013, 05:49:49 PM

10-20$ this time

derpinheimer

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Quote from: Teal Deer on July 03, 2013, 07:59:51 PM

I FINK IT WILL GET TO 1 CENT PER BTC COS DEN I CAN HAZ ALL TEH BTCS

-Jaroslaw

you are weak man
i will hold price at 10BTC to 1.00 CENT us dolar.

i have most coins in system.

not.you

legendary

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Too many people are well aware that it will be back over a hundred again, just a matter of time. Those people won't be able to sit and watch it drop too low without jumping in to buy. I doubt it will even see the 50's.

Crypt_Current

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Shame on everything; regret nothing.

Quote from: Teal Deer on July 03, 2013, 07:59:51 PM

I FINK IT WILL GET TO 1 CENT PER BTC COS DEN I CAN HAZ ALL TEH BTCS

-Jaroslaw

plus all teh ones Cheesy

Crypt_Current

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Shame on everything; regret nothing.

PSAR shows bottom forming now, at least on hourly scale at CampBX

edit: plus an RSI double-bottom

edited edit: RSI triple-bottom if you want to go back a couple days on hourly.

btw i have NO idea what I'm talking about.

tokeweed

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Life, Love and Laughter...

Quote from: bitcon on July 03, 2013, 05:47:30 PM

how low will we get?

it's anyone's guess bro. expect the worst.

Teal Deer

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I FINK IT WILL GET TO 1 CENT PER BTC COS DEN I CAN HAZ ALL TEH BTCS

-Jaroslaw

Crypt_Current

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Shame on everything; regret nothing.

Quote from: Jaroslaw on July 03, 2013, 05:49:49 PM

10-20$ this time

why not $5 dude? you can haz moar bitcoinz

johnyj

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Beyond Imagination

Currently there are still too many people are in profitable territory, they might entered before $20,when they get scared, they will sell, since anyway they still make some money, but after another several months of consolidation, these kind of people will become less, the rest are all long term holders

Another aspect is that ASIC devices' profitability must drop to electricity breakeven point, so that the invest money can only flow into exchange, currently the mass amount of investment money are going into ASIC pre-orders

Jaroslaw

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supernode

10-20$ this time

Crypt_Current

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Shame on everything; regret nothing.

seems to be support around $75

bitcon

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how low will we get?

Topic: how low will we go before we hit bottom? (Read 2104 times)