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Topic: No more below 500$ Next Stop 1(0)0000$! (Read 4059 times)

User705
legendary
Activity: 896
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No more below 500$ Next Stop 1(0)0000$!
August 19, 2014, 02:32:40 AM
#60
Quote from: fonzie on August 18, 2014, 03:48:04 AM
Quote from: Tzupy on August 18, 2014, 03:44:40 AM
Quote from: Tzupy on August 16, 2014, 10:12:37 AM
Quote from: fonzie on August 16, 2014, 10:08:50 AM
Quote from: Tzupy on August 16, 2014, 10:04:22 AM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.

And the possibility became true, China is dragging everybody down, including Bullfinex which looked very bullish for a while.

You were right, western ones remained bullish stayin almost 10-15$ above China, but in the end Chinaman remained stronger. I have not the slightest idea were we will stop next.

That's because Chinese miners and manufacturers could care less about bitcoin.  They want dollars.  The selling pressure is over 2 million usd per day of new coins.
falllling
member
Activity: 112
Merit: 10
Re: No more below 500$ Next Stop 1(0)0000$!
August 19, 2014, 02:29:57 AM
#59
Quote from: unpure on August 19, 2014, 02:18:43 AM
Quote from: falllling on August 18, 2014, 05:41:04 AM
Quote from: unpure on August 18, 2014, 05:35:58 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.

yes, bitcoin is going to nowhere but down, dead cat bounces won't help

The bounce back is higher than what a normal dead cat can do.

remember the dead cat bounce from $475 to $520 at 2 days ago? did it help?
would you be happy if you buy at this time at $48x and drop back to $3xx 2 days later?
so, do NOT buy in traps, bitcoin is going to nowhere but down, the final capitulation incoming!
Newbie1022
full member
Activity: 238
Merit: 100
Re: No more below 500$ Next Stop 1(0)0000$!
August 19, 2014, 02:26:23 AM
#58
And the crazies are back!!!!
fonsie
sr. member
Activity: 434
Merit: 250
Re: No more below 500$ Next Stop 1(0)0000$!
August 19, 2014, 02:24:09 AM
#57
Quote from: unpure on August 19, 2014, 02:18:43 AM
Quote from: falllling on August 18, 2014, 05:41:04 AM
Quote from: unpure on August 18, 2014, 05:35:58 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.

yes, bitcoin is going to nowhere but down, dead cat bounces won't help

The bounce back is higher than what a normal dead cat can do.

Just ignore him, he's a scammer.
unpure
full member
Activity: 169
Merit: 100
Re: No more below 500$ Next Stop 1(0)0000$!
August 19, 2014, 02:18:43 AM
#56
Quote from: falllling on August 18, 2014, 05:41:04 AM
Quote from: unpure on August 18, 2014, 05:35:58 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.

yes, bitcoin is going to nowhere but down, dead cat bounces won't help

The bounce back is higher than what a normal dead cat can do.
Ayers
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
Re: No more below 500$ Next Stop 1(0)0000$!
August 18, 2014, 09:37:45 AM
#55
Quote from: NapoleonBonaparte on August 17, 2014, 11:05:17 PM
Quote from: Ayers on August 17, 2014, 02:34:11 PM
Quote from: ajareselde on August 17, 2014, 11:23:31 AM
Quote from: rissssing on August 17, 2014, 01:04:47 AM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..

remember that in the 2016 there will be another halving in the block value, this should rise the price, at least in theory

You will need to take ASIC miner cost into consideration also. Everything being equal, if the price ASIC miner cut in half also, then the price will remain where it will be.


but what i mean, is that less dumping will happne, half of dumping of now, because less coin are produced, no matter the asic in cost
mr angry
sr. member
Activity: 298
Merit: 253
Re: No more below 500$ Next Stop 1(0)0000$!
August 18, 2014, 08:19:52 AM
#54
Quote from: fonzie on August 16, 2014, 10:08:50 AM
Quote from: Tzupy on August 16, 2014, 10:04:22 AM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

You can buy at $450 right now!
falllling
member
Activity: 112
Merit: 10
Re: No more below 500$ Next Stop 1(0)0000$!
August 18, 2014, 05:41:04 AM
#53
Quote from: unpure on August 18, 2014, 05:35:58 AM
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.

yes, bitcoin is going to nowhere but down, dead cat bounces won't help
unpure
full member
Activity: 169
Merit: 100
Re: No more below 500$ Next Stop 1(0)0000$!
August 18, 2014, 05:35:58 AM
#52
Bitcoin went down to 485 not long ago. I would be more worry if it hit 300 than never reaching 1000.
fonzie
hero member
Activity: 504
Merit: 500
Moderator
Re: No more below 500$ Next Stop 1(0)0000$!
August 18, 2014, 03:48:04 AM
#51
Quote from: Tzupy on August 18, 2014, 03:44:40 AM
Quote from: Tzupy on August 16, 2014, 10:12:37 AM
Quote from: fonzie on August 16, 2014, 10:08:50 AM
Quote from: Tzupy on August 16, 2014, 10:04:22 AM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.

And the possibility became true, China is dragging everybody down, including Bullfinex which looked very bullish for a while.

You were right, western ones remained bullish stayin almost 10-15$ above China, but in the end Chinaman remained stronger. I have not the slightest idea were we will stop next.
Tzupy
legendary
Activity: 2170
Merit: 1094
Re: No more below 500$ Next Stop 1(0)0000$!
August 18, 2014, 03:44:40 AM
#50
Quote from: Tzupy on August 16, 2014, 10:12:37 AM
Quote from: fonzie on August 16, 2014, 10:08:50 AM
Quote from: Tzupy on August 16, 2014, 10:04:22 AM
A bit of nitpicking: it's 496$ right now. There is a chance we'll test and break 480$ very soon and find the real bottom after which a rally to 540$ (maybe 560$) will start.

Would you sell below 480$ Srsly? Even from a daytraders sight. Betting drunk on horses seems way profitable to me.

No I wouldn't. But this is driven by China and if some late panic sellers will decide, it's possible to go down one more time before the rebound.

And the possibility became true, China is dragging everybody down, including Bullfinex which looked very bullish for a while.
NapoleonBonaparte
full member
Activity: 176
Merit: 100
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 11:05:17 PM
#49
Quote from: Ayers on August 17, 2014, 02:34:11 PM
Quote from: ajareselde on August 17, 2014, 11:23:31 AM
Quote from: rissssing on August 17, 2014, 01:04:47 AM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..

remember that in the 2016 there will be another halving in the block value, this should rise the price, at least in theory

You will need to take ASIC miner cost into consideration also. Everything being equal, if the price ASIC miner cut in half also, then the price will remain where it will be.
counter
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 10:07:28 PM
#48
Quote from: AceWallen on August 16, 2014, 11:45:17 PM
Quote from: Hfleer on August 16, 2014, 11:22:02 PM
Quote from: counter on August 16, 2014, 11:10:53 PM
Not saying we won't see some dips but I'm liking how the market is handling this stagnation in the market recently I expect there will be some serious buying in the coming months.  What the price is doing now I think is very healthy IMO.

yes, even the bitfinex flashcrash wasn't as severe as in the past. the markets are maturing very fast!

this has been a pretty slow grind down. while i hope that the bottom is in, bouncing where we did (old support + heavily oversold) is not a surprise. but it doesn't mean this is over. i know that we may not have even see the panic hit yet.

just best not to deny the possibilities....

Agreed, there is a good bit of hesitation and somewhat rightfully so in my opinion.  Too many things to take into consideration when you think of where we could go and why.  My gut is there will be some dips but nothing long term unless something happens to cause a panic selling.
Ayers
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 02:34:11 PM
#47
Quote from: ajareselde on August 17, 2014, 11:23:31 AM
Quote from: rissssing on August 17, 2014, 01:04:47 AM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..

remember that in the 2016 there will be another halving in the block value, this should rise the price, at least in theory
mr angry
sr. member
Activity: 298
Merit: 253
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 12:25:33 PM
#46
Quote from: ajareselde on August 17, 2014, 11:23:31 AM
Quote from: rissssing on August 17, 2014, 01:04:47 AM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..

If all the banks refuse to do business with the exchanges it could drop to lower than 10$ again!
ajareselde
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 11:23:31 AM
#45
Quote from: rissssing on August 17, 2014, 01:04:47 AM
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M

I laughed so hard on this, oh you young grasshoppers allways make me laugh.

Im not saying bitcoin doesnt have a future ahead, but lets be realistic, 2 years from now, price wont be more than 10k.
One of the reasons is that it will take atleast a year for selected ones to gain most part of the bitcoin hashrate, and while they're doing so, price will go only down, convincing others that it has no future ahead.

On the other hand, it also can be attacked by banks worldwide , and drop to 10$ again..
Hfleer
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 06:59:32 AM
#44
Quote from: NapoleonBonaparte on August 17, 2014, 02:27:46 AM
Quote from: fonzie on August 16, 2014, 04:39:54 PM
Quote from: Benjig on August 16, 2014, 04:37:59 PM
Dont make this kind of topics now or ethereum will continue dumping their coins seeing we are still "optimistic" and we are not worried.

No one really cares about Ethereum and their lousy ~20kBTC, let those fools sell if they are really doing it. Market will eat those up in no time.

When someone has controlled of 20k btc, I won't call them fools. They manage to raise a lot of money from bitcoin whale and wealthy investors, there must be something they are offering that is unique to the crypto community.

Even so, why do you think this has anything to do with the demand/supply of BTC price?
NapoleonBonaparte
full member
Activity: 176
Merit: 100
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 02:27:46 AM
#43
Quote from: fonzie on August 16, 2014, 04:39:54 PM
Quote from: Benjig on August 16, 2014, 04:37:59 PM
Dont make this kind of topics now or ethereum will continue dumping their coins seeing we are still "optimistic" and we are not worried.

No one really cares about Ethereum and their lousy ~20kBTC, let those fools sell if they are really doing it. Market will eat those up in no time.

When someone has controlled of 20k btc, I won't call them fools. They manage to raise a lot of money from bitcoin whale and wealthy investors, there must be something they are offering that is unique to the crypto community.
Sevvero
sr. member
Activity: 350
Merit: 255
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 02:19:44 AM
#42
Quote from: fonzie on August 16, 2014, 08:43:59 AM
Quote from: TrollinU on August 16, 2014, 08:36:30 AM
Nope

STOP TROLLING; THIS IS SERIOUS!
No, it is not.
rissssing
newbie
Activity: 3
Merit: 0
Re: No more below 500$ Next Stop 1(0)0000$!
August 17, 2014, 01:04:47 AM
#41
You are right, my friend. It is just Wall Street and the Arab investment funds making everything to have as much coins as they can.

But why just 100k? In two years each Bitcoin won't be worth less than 1M
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