The panic and fear threads are no joke which is a good sign for bulls. The more blood the better.
When this is over we will open a can of new investors (Fresh money, good entry point)
So I think that this might not yet be over....
Topic: Is this the lowest ebb for Bitcoins? (Read 1448 times)
Well we are going up but this is the point where weak hands get killed off.
The panic and fear threads are no joke which is a good sign for bulls. The more blood the better.
When this is over we will open a can of new investors (Fresh money, good entry point)
So I think that this might not yet be over....
The panic and fear threads are no joke which is a good sign for bulls. The more blood the better.
When this is over we will open a can of new investors (Fresh money, good entry point)
So I think that this might not yet be over....
Let me just quote myself here:
Obviously, the bottom is lower than 432. Anything above 285 as a bottom still means an overall reduction in long term volatility, above caveats applying.
So far, overall long-term volatility of BTC price has been going down. For the 2011 crash, the ratio of the bottom following the peak to the peak preceding the crash was about 0.0625. In spring 2013, from 266 USD to about 40 USD gives a ratio of about 0.15. For the current time, we know the peak but not the bottom.
If the ultimate severity of the correction is the same now as it was in spring, we would bottom out at about 180 USD (Bitstamp). If decreasing volatility is still a valid trend, though, the correction should be less severe. How much less severe? No way to know. Two data points isn't much to work with, but I thought I'd write this down just to see afterwards how things turned out.
In percentage points, the change in the bottom-to-peak ratio defined above was 8.75. (0.15-0.0625). The same change now would give a ratio of 0.2375, meaning a bottom around 285 (Bitstamp)
On the other hand, the 2013 ratio was 240% higher than the 2011 ratio. If this were to be true for the current crash, then the bottom-to-peak ratio would be 0.36, with a bottom around 432 (Bitstamp again.)
Again, not a prediction, but a few price points for comparison when considering overall volatility. This is pretty flawed thinking in many ways, as I'm not considering time at all here, and also am only looking at downward volatility. Still, if we bottom out above the 430s on Bitstamp, the overall reduction in intra-crash volatility will have been greater than before.
If the ultimate severity of the correction is the same now as it was in spring, we would bottom out at about 180 USD (Bitstamp). If decreasing volatility is still a valid trend, though, the correction should be less severe. How much less severe? No way to know. Two data points isn't much to work with, but I thought I'd write this down just to see afterwards how things turned out.
In percentage points, the change in the bottom-to-peak ratio defined above was 8.75. (0.15-0.0625). The same change now would give a ratio of 0.2375, meaning a bottom around 285 (Bitstamp)
On the other hand, the 2013 ratio was 240% higher than the 2011 ratio. If this were to be true for the current crash, then the bottom-to-peak ratio would be 0.36, with a bottom around 432 (Bitstamp again.)
Again, not a prediction, but a few price points for comparison when considering overall volatility. This is pretty flawed thinking in many ways, as I'm not considering time at all here, and also am only looking at downward volatility. Still, if we bottom out above the 430s on Bitstamp, the overall reduction in intra-crash volatility will have been greater than before.
Obviously, the bottom is lower than 432. Anything above 285 as a bottom still means an overall reduction in long term volatility, above caveats applying.
$360 is below the cost of some big miners.
I feel Bitcoins are experiencing their low ebb and the lowest one has not come. However, it is not risky for newbuyers to store some in the low ebb for long-term consideration. Besides, many hoarders would not give up Bitcoins for they are hot for the great technology and the fans of Satoshi Nakamoto, so does Litecoin.
Lowest ebb?
No.
In December of 2011 BitStamp reached a lowest ebb of approximately $3
+1
And there were the same messages when it hit dollar parity for the first time. Slashdot was full of FUD then. ;-) Plus the "It is a ponzi," "It will crash from here" and "It has no value and will got to zero" talk.
Until there is a lot more usage there will be volatility and even then there will be some. The next halving and more usage are (as previously) important.
So, don't panic. ;-)
I feel Bitcoins are experiencing their low ebb and the lowest one has not come. However, it is not risky for newbuyers to store some in the low ebb for long-term consideration. Besides, many hoarders would not give up Bitcoins for they are hot for the great technology and the fans of Satoshi Nakamoto, so does Litecoin.
Lowest ebb?
No.
In December of 2011 BitStamp reached a lowest ebb of approximately $3
I'm sure it will go lower but not that low... at least I hope not. I think we should concentrare less on the current price and more about promoting and spreading awareness and adoption. Bitcoin is working fine and after all 1btc is still worth 1btc.
Threads speculating on Bitcoin price movements belong in the Speculation sub-forum
https://bitcointalk.org/index.php?board=57.0
https://bitcointalk.org/index.php?board=57.0
the problem is that the new comers fear the price of bitcoin will continue down, which will crash their fragile confident with bitcoin.
Yeah. -But this is said every crash. Once/"if" upward momentum hits the books, people become over-confident again. Wider-spread familiarity may increasingly counter it. I imagine we're gaining new users faster than current and/or previous users are dying off, even during low points. Bitcoin goes up and down. This is nothing new.
+1 Welcome to the club noobcakes. Nut up or shut up.
the problem is that the new comers fear the price of bitcoin will continue down, which will crash their fragile confident with bitcoin.
ethereum sell-off from their crowd funding kicked the decline off
I feel Bitcoin will almost certainly continue to decline while merchants are flooding the market with sell orders and there is no buy pressure to offset it (such as by increased interest by the general public).
Bitcoin goes up and down. This is nothing new.
I feel Bitcoins are experiencing their low ebb and the lowest one has not come. However, it is not risky for newbuyers to store some in the low ebb for long-term consideration. Besides, many hoarders would not give up Bitcoins for they are hot for the great technology and the fans of Satoshi Nakamoto, so does Litecoin.
Lowest ebb?
No.
In December of 2011 BitStamp reached a lowest ebb of approximately $3
MAY BE YOU ARE RIGHT,WE SHOULD PICK SOME LOW PRICE BITCOINS NOW!
I feel Bitcoins are experiencing their low ebb and the lowest one has not come. However, it is not risky for newbuyers to store some in the low ebb for long-term consideration. Besides, many hoarders would not give up Bitcoins for they are hot for the great technology and the fans of Satoshi Nakamoto, so does Litecoin.
Jump to: