Morecoin analysis [bitcoin/USD market observations] - page 16.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: stonerider on April 14, 2015, 11:20:13 PM

^^^^^^^^^^^^^^^
This.

Chinese are selling btc like crazy so they can buy stocks. It is the reverse of the 2013 bubble that saw Chinese driving up btc price to 1200. We are looking at btc going down to 120 in the next following days.

it has been said many time, that it was willy bot, an hacker that hacked gox and start pumping the price to cash out in a second phase a big amount, and causing the current enormous drop

personally i'll not be touched by these swings, still holding

8up

hero member

Activity: 618

Merit: 500

We exactly touched the supportline from $2 to $150.

SirLolicon

sr. member

Activity: 322

Merit: 250

Sound Engineer for Hire

people will keep lowering the exchange rate at this rate.. Angry

Have to fix up how they think about rush selling and buying.

8up

hero member

Activity: 618

Merit: 500

Quote from: Wandererfromthenorth on April 14, 2015, 03:41:45 PM

This needs to go to 100s or double digits first. My personal target is $75-$85, but we'll know the bottom when we get there Wink

People like you told us at $1200, we will soon see $3000 while it was quite obvious we were building a plateau back then.

I smell to much bearishness in this forum, while some weeks ago there was way to much bullishness. For now, I stick to my sideway outlook.

ThomasCrowne

full member

Activity: 210

Merit: 100

★☆★ 777Coin - The Exciting Bitco

Oh sure sure. Yet another 'bottom' huh? Let's see if this holds true a week or two from today.

stonerider

full member

Activity: 224

Merit: 100

^^^^^^^^^^^^^^^
This.

Chinese are selling btc like crazy so they can buy stocks. It is the reverse of the 2013 bubble that saw Chinese driving up btc price to 1200. We are looking at btc going down to 120 in the next following days.

umairsaleem

hero member

Activity: 658

Merit: 500

215$ might be a chance to escape, anyway the Chinese stock market are firing now, it's much more profitable than trading(investing) Bitcoin.

ajw7989

legendary

Activity: 924

Merit: 1000

Quote from: techgeek on April 14, 2015, 07:47:27 PM

At lowest probably hit around $100, and then go back up.

Anything beyond lower then $100, is just a collapse of bailing on the coin seeing most people decide on a emotional state then the technology what it stands for.

Like daytraders who scalp, also have a price effect as well. But, think about realistic long term, its much needed like people who want to send money in phillpines for example are saving costs then using western union.

I think we will see some major problems if it drops below $200. Most miners out there will not be able to make a profit below $200 and a lot will have to be shut off. Until the difficulty readjusts transactions will then take forever to confirm. We got a small taste of this last time.

techgeek

hero member

Activity: 826

Merit: 1000

At lowest probably hit around $100, and then go back up.

Anything beyond lower then $100, is just a collapse of bailing on the coin seeing most people decide on a emotional state then the technology what it stands for.

Like daytraders who scalp, also have a price effect as well. But, think about realistic long term, its much needed like people who want to send money in phillpines for example are saving costs then using western union.

pattu1

hero member

Activity: 675

Merit: 500

Quote from: tribefan89 on April 14, 2015, 06:12:58 PM

Well I'm sure people are thankful for advice, I was just curious. Like if it hit say $150 would it be good or bad for the bitcoin economy, not for specific investors. Obviously if you bought at 1200 and it was at 150 it would be bad for you, but would it spark more interest for the people who weren't willing to cough up say 250-300 dollars. Sorry if I'm being confusing haha.

If the guy who bought at $1200 holds for a couple of years, you never know.
He might still end up with a decent profit.

tribefan89

newbie

Activity: 56

Merit: 0

Well I'm sure people are thankful for advice, I was just curious. Like if it hit say $150 would it be good or bad for the bitcoin economy, not for specific investors. Obviously if you bought at 1200 and it was at 150 it would be bad for you, but would it spark more interest for the people who weren't willing to cough up say 250-300 dollars. Sorry if I'm being confusing haha.

Hey its going back up!

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Quote from: tribefan89 on April 14, 2015, 06:00:21 PM

Ok, let me ask you guys since you seem knowledgeable. What is the point where people actually want to buy, like people who know of bitcoin but don't own any. Also what is the point where it gets too low? Just something I've wondered about, it all seems very delicate.

For me, this is just me being nice trying to help people make a profitable trade.
I don't really care whether people follow. Price is at $222 now. Happy trading!

tribefan89

newbie

Activity: 56

Merit: 0

Ok, let me ask you guys since you seem knowledgeable. What is the point where people actually want to buy, like people who know of bitcoin but don't own any. Also what is the point where it gets too low? Just something I've wondered about, it all seems very delicate.

ParabellumLite

sr. member

Activity: 560

Merit: 250

Quote from: damiano on April 14, 2015, 05:47:04 PM

Bottom is far from in.

Your going to wish you didn't buy.

Agreed: this is going to be messy in the short term. I expect major downward movement within days to 2 weeks. It only takes one whale at this point. One to start the chain reaction.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Bottom is far from in.

Your going to wish you didn't buy.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: RyNinDaCleM on April 14, 2015, 05:42:55 PM

Quote from: samson on April 14, 2015, 05:19:16 PM

Quote from: tribefan89 on April 14, 2015, 05:05:09 PM

Good luck to everybody! Lets hope for a MEGARALLY!! Cheesy

`

New bottom now in at $214, this is surely the cheapest price anyone will ever pay for a Bitcoin ever again.

Did you just sell your account?

Quote from: samson on April 14, 2015, 02:58:29 PM

We are nowhere near 'the bottom' Grin

I forgot to add the Roll Eyes

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: samson on April 14, 2015, 05:19:16 PM

Quote from: tribefan89 on April 14, 2015, 05:05:09 PM

Good luck to everybody! Lets hope for a MEGARALLY!! Cheesy

`

New bottom now in at $214, this is surely the cheapest price anyone will ever pay for a Bitcoin ever again.

Did you just sell your account?

Quote from: samson on April 14, 2015, 02:58:29 PM

We are nowhere near 'the bottom' Grin

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: tribefan89 on April 14, 2015, 05:30:09 PM

But now this is the BOTTOM bottom!
So who wants to REALLY speculate? What will the price be in 1 week, 1 month?

Lower and lower yet?

tribefan89

newbie

Activity: 56

Merit: 0

But now this is the BOTTOM bottom!
So who wants to REALLY speculate? What will the price be in 1 week, 1 month?

JamesBrown

member

Activity: 98

Merit: 10

Quote from: randy8777 on April 14, 2015, 04:29:54 PM

bottom or not, i bought today at around $220 which seems like a very good price if you ask me. can't see it going below $200 as buy support looks strong.

buy support looks strong at 200$? What makes you say that?

we need a little correction upwards and then the real slaughter begins at sub 200$

Im a bull.

Topic: Morecoin analysis [bitcoin/USD market observations] - page 16. (Read 47517 times)