Market ripe for a price drop | Bitcointalksearch.org

bitwarrior

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Quote from: D05GTO on February 24, 2015, 06:48:00 PM

Think it's in a holding pattern waiting for the Fed coins to be auctioned. No one wants to raise the price to let the feds get more in the auction. In other words, there's a price suppression happening right now.

I tend to agree with your analysis of there is a price suppression due to the impending BTC auction. Well let us hope and see and hopefully BTC will break out and move up to the $300 range soon enough.

uki

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cryptojunk bag holder

Quote from: HarmonLi on February 25, 2015, 07:00:31 PM

People have been predicting this for weeks now. Thing is: All the panic-attempts seem to fail. The price is more resilient than ever and more and more indicators are turning green these days. Bears seem to be evaluating whether it is still safe to short.

Agree. I doubt any number of posts put here in this forum would have any impact on the price. Bitcoin community grew much larger and there is a lot of money in Bitcoin not even knowing about existence of this forum.

Q7

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Bitcoin has so far been so unpredictable. Don't bet on it that it will be a confirmed drop. Sometimes when you thought the market was sleeping, a sudden huge buy order will be coming in and cause the price to go up. We have seen that couple of times and I'm sure there's every chance that it will happen again.

big ears

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Quote from: PenguinFire on February 25, 2015, 08:49:42 PM

I think it will get to 220 or below before it goes back up but that is just me.

I have that feeling too. It's been a very low volume week and once the volume increases I guess it will be a dump, not a pump.

PenguinFire

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That Darn Cat

I think it will get to 220 or below before it goes back up but that is just me.

randy8777

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no one knows what the price will do. unless some large traders buy or dump quite a few coins the price will remain like it is now.

waterpile

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Quote from: LewiesMan on February 25, 2015, 10:39:42 AM

Quote from: rosh on February 25, 2015, 10:38:09 AM

Any drop below $200 will attract a wave of buyers. Grin

And a wave of panic sellers.

wouldn't that balances it out Tongue

Quote from: HarmonLi on February 25, 2015, 07:00:31 PM

People have been predicting this for weeks now. Thing is: All the panic-attempts seem to fail. The price is more resilient than ever and more and more indicators are turning green these days. Bears seem to be evaluating whether it is still safe to short.

same old pattern, stable for sometime and another dump will come unless if there is a breaking news to pump the price again to $250+

HarmonLi

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Honest 80s business!

People have been predicting this for weeks now. Thing is: All the panic-attempts seem to fail. The price is more resilient than ever and more and more indicators are turning green these days. Bears seem to be evaluating whether it is still safe to short.

bassclef

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Quote from: dothebeats on February 25, 2015, 02:15:34 PM

Quote from: stonerider on February 24, 2015, 11:18:34 AM

I think you're completely off your rocker. From here, it's straight to the moon!

Nah. Not with the current market conditions.

I'm still expecting a price drop to at least in the $220 range. If that happens, I'll buy some coins for myself. I still consider that range quite a loss though, but my view is two-sided at this moment. Hoping that it will break resistance and see some coins beyond the $240 mark and at the same time, hoping to buy some $220 priced coins.

A $20 difference in price isn't really that much if you are long-term bullish, but wait it out if you want. This last consolidation period has been defined by rising bottoms, which is bullish, so keep that in mind.

To put it in perspective, I used to stress about $60 vs $80 coins. Turns out it doesn't matter too much now.

ndnh

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New Decentralized Nuclear Hobbit

Quote from: stonerider on February 24, 2015, 11:18:34 AM

I think you're completely off your rocker. From here, it's straight to the moon!

Yeah, it got to go to the moon this time.

Market manipulators and whales must be tired of making 1 sided bets. Tongue

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: SimplisticStu on February 25, 2015, 10:48:12 AM

Quote from: LewiesMan on February 25, 2015, 10:39:42 AM

Quote from: rosh on February 25, 2015, 10:38:09 AM

Any drop below $200 will attract a wave of buyers. Grin

And a wave of panic sellers.

I agree with both but if it does test the $200 level again I shall be buying and holding waiting for the rise.

waiting, waiting, waiting Grin

im waiting for buying opportunity @200 also, but recent press is giving me a hard time waiting, even tho im pretty sure we will dive to ~200 before going up, shaking weak hands off.
if the price would dive tonight, what would the traders mind be thinking ? it definetly wouldnt be selling 12% or so under recent price, i bet everyone would bite that cake.
ill wait and see, and hope not to get left behind

cheers

dothebeats

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Quote from: stonerider on February 24, 2015, 11:18:34 AM

I think you're completely off your rocker. From here, it's straight to the moon!

Nah. Not with the current market conditions.

I'm still expecting a price drop to at least in the $220 range. If that happens, I'll buy some coins for myself. I still consider that range quite a loss though, but my view is two-sided at this moment. Hoping that it will break resistance and see some coins beyond the $240 mark and at the same time, hoping to buy some $220 priced coins.

SimplisticStu

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♥Bitcoin-Ethereum-Ripple♥

Quote from: LewiesMan on February 25, 2015, 10:39:42 AM

Quote from: rosh on February 25, 2015, 10:38:09 AM

Any drop below $200 will attract a wave of buyers. Grin

And a wave of panic sellers.

I agree with both but if it does test the $200 level again I shall be buying and holding waiting for the rise.

waiting, waiting, waiting Grin

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: Finance_BitcoinGroup on February 24, 2015, 01:53:14 AM

Graph Here - https://i.imgur.com/7JSMPwp.png

Oh good, more pseudo-sciencey graphs. Just what the internet needed.

LewiesMan

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Quote from: rosh on February 25, 2015, 10:38:09 AM

Any drop below $200 will attract a wave of buyers. Grin

And a wave of panic sellers.

rosh

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Any drop below $200 will attract a wave of buyers. Grin

spazzdla

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I sure do hope so.. I'd like own +10 btc.

pattu1

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Quote from: randy8777 on February 24, 2015, 10:05:36 PM

Quote from: sniveling on February 24, 2015, 09:30:54 PM

Quote from: oblivi on February 24, 2015, 09:11:03 PM

Bitstamp is showing a big buy wall at about 200 price range, im not sure people is going to sell that much amount of BTC for that low price.

Bitstamp has become a really low volume exchange since the hack. This is the current pecking order - bitfinex, okcoin, coinbase, btce, bitstamp. A big buy wall on bitstamp is nothing on bitfinex. There is a bigger wall at 200 on bitfinex, but I have seen bigger ones eaten through in moments.

walls mean absolutelly nothing. if price gets near the larger buy orders they get pulled most of the times.

These huge orders are put in place just to mislead the market.

randy8777

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Quote from: sniveling on February 24, 2015, 09:30:54 PM

Quote from: oblivi on February 24, 2015, 09:11:03 PM

Bitstamp is showing a big buy wall at about 200 price range, im not sure people is going to sell that much amount of BTC for that low price.

Bitstamp has become a really low volume exchange since the hack. This is the current pecking order - bitfinex, okcoin, coinbase, btce, bitstamp. A big buy wall on bitstamp is nothing on bitfinex. There is a bigger wall at 200 on bitfinex, but I have seen bigger ones eaten through in moments.

walls mean absolutelly nothing. if price gets near the larger buy orders they get pulled most of the times.

sniveling

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Quote from: oblivi on February 24, 2015, 09:11:03 PM

Bitstamp is showing a big buy wall at about 200 price range, im not sure people is going to sell that much amount of BTC for that low price.

Bitstamp has become a really low volume exchange since the hack. This is the current pecking order - bitfinex, okcoin, coinbase, btce, bitstamp. A big buy wall on bitstamp is nothing on bitfinex. There is a bigger wall at 200 on bitfinex, but I have seen bigger ones eaten through in moments.

Topic: Market ripe for a price drop (Read 3128 times)