Prepare for a new big drop. - page 2.

twiifm

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Quote from: screwUdriver on January 03, 2015, 01:55:20 AM

Quote from: sgk on January 02, 2015, 01:40:51 AM

Quote from: kwukduck on December 29, 2014, 02:28:01 PM

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

That would probably actually be the worst price to buy at. If we break through the $300 level then we will most likely see a significant drop below that. It would probably be wise to wait some period of time to see how far the price falls before buying sub 300

Bottom fishing can be dangerous if you don't set hard stops. I don't reccomend if unless you have trading ecperience

gog1

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looks like the Chinese market is leading the sell off this time

screwUdriver

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Quote from: sgk on January 02, 2015, 01:40:51 AM

Quote from: kwukduck on December 29, 2014, 02:28:01 PM

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

That would probably actually be the worst price to buy at. If we break through the $300 level then we will most likely see a significant drop below that. It would probably be wise to wait some period of time to see how far the price falls before buying sub 300

arieq

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Bitcoin is embarassing at this point.. I can't even tell people about it, it's just a stagnant waste-land... If I haven't been sitting in fiat for weeks now I'd be really annoyed.

Silverspoon

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Quote from: asdlolciterquit on January 02, 2015, 08:20:32 AM

Are they trying to convince us or themself?

Both. I see those fanatics starving in their trenches, quarreling with rats for the remnants of their rotting, half-eaten comrades & dreaming of world domination.

asdlolciterquit

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Quote from: kwukduck on December 29, 2014, 02:28:01 PM

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

this make sense to me.

Few people thinks the same, man...i see a lot of thread talking about this bull run coming. Are they trying to convince us or themself?

fearlesscat10

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Quote from: inca on January 02, 2015, 02:57:12 AM

Quote from: sgk on January 02, 2015, 01:40:51 AM

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

You and everyone else. Hence the price isn't budging

So it'd be a good time to buy now before the 2015 high?

inca

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Quote from: sgk on January 02, 2015, 01:40:51 AM

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

You and everyone else. Hence the price isn't budging

sgk

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!! HODL !!

Quote from: kwukduck on December 29, 2014, 02:28:01 PM

We've seen the initial drop by people selling to get fiat for the holidays, then a small correction and stabilization from all the people buying btc as gifts and thinking it's the bottom. Now that the holidays are over and demand is lower than ever, we can expect a new big drop, manipulators and hackers will also have time again to do their thing.
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!

No problem, let's do $200 and I'll buy many. Actually I am ready to buy anywhere between $250 and $300.

screwUdriver

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Quote from: a fool and his money ... on December 31, 2014, 04:18:32 AM

what many dumbos in here don't realize:
if it breaks below 280$ now for much longer than half a day it's finito, done with, over, byby - all your dreams will be crushed in that case and bitcoin back to 5$ because the longterm bulltrend to which everyone is pointing all the time would be broken, a new bearmarket on the super-trend would start and we'd likely end up sub 1$ prices.

We're dangerously close to that trendline. It'll be one epic panic if we break that. If it doesn't bounce now you can burry your pipedreams.

I would somewhat doubt we will see sub $1 bitcoin as there are probably not enough people willing to sell at lower levels and enough people willing to buy at sub $200 and sub $100 levels. I do agree that sub $280 will probably mean a further >$50 drop at least

panju1

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Quote from: Amph on December 31, 2014, 01:26:21 PM

never seen double big drop in a row, it won't happen, we are staying at current value for a long time

I hope we do that... until the next bull run in anticipation of the block reward halving.

Amph

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never seen double big drop in a row, it won't happen, we are staying at current value for a long time

resya

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Quote from: ask on December 29, 2014, 02:57:23 PM

Quote from: Dilla on December 29, 2014, 02:53:19 PM

Quote from: ?? on ??

Quote from: Dilla on December 29, 2014, 02:41:32 PM

We might see a drop at the double bottom of upper 200s, but will be a brief visit.

If we go to $275 I will go 100% fiat-to-Bitcoin.

I doubt we get there though.

You and me both, and probably a lot of others.

So current price is the bottom

I think btc new big drop is pure troll, if you dont buy this time you will be so sorry, thats all that matters. this is the 2014 low, buy now or lose another year of your life

fewcoins

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Quote from: finnile on December 29, 2014, 03:17:52 PM

Quote from: Parazyd on December 29, 2014, 03:02:38 PM

There's simply too many people who will buy at ~250-280, don't expect a lower drop than that. If somehow we go below, don't expect it to last long and grab your cheap coins.

I think one factor that effects that is how fast the drop happens. I remmeber, when the price was around 450, then people used to say if it would go to 300, then they would buy 50K worth of bitcoins. But the drop was happening really fast, and a lot of them didn't. However the high 200 , and the low 300 does look like a stable bottom for now.

Point is as the price gets lower it takes less people to literally buy the entire "sell-able" supply... remember not everyone is selling and not everyone has their coins on exchanges or online at all for that matter.

At $200 per coin, I can literally buy all the bitcoins for sale with no issues... Other people who aren't broke (Less than $200K income per year) can join in on the buying and that's what is happening now and preventing BTC from breaking $300. Now the 2015 pump is on the way so good luck to all! Kiss

bigtimespaghetti

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bigtimespaghetti.com

Quote from: a fool and his money ... on December 31, 2014, 04:18:32 AM

what many dumbos in here don't realize:
if it breaks below 280$ now for much longer than half a day it's finito, done with, over, byby - all your dreams will be crushed in that case and bitcoin back to 5$ because the longterm bulltrend to which everyone is pointing all the time would be broken, a new bearmarket on the super-trend would start and we'd likely end up sub 1$ prices.

We're dangerously close to that trendline. It'll be one epic panic if we break that. If it doesn't bounce now you can burry your pipedreams.

There will be a lot of opportunity in this scenario. But I do not think we will see the mega drop. Panic, yes, but not a washout like that.

a fool and his money ...

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what many dumbos in here don't realize:
if it breaks below 280$ now for much longer than half a day it's finito, done with, over, byby - all your dreams will be crushed in that case and bitcoin back to 5$ because the longterm bulltrend to which everyone is pointing all the time would be broken, a new bearmarket on the super-trend would start and we'd likely end up sub 1$ prices.

We're dangerously close to that trendline. It'll be one epic panic if we break that. If it doesn't bounce now you can burry your pipedreams.

bornil267645

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AltoCenter.com

Well I for one don't think it will drop, it will remain steady.

Rawted

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Quote from: cbeast on December 29, 2014, 11:48:39 PM

Quote from: Rawted on December 29, 2014, 10:55:23 PM

Double digits this year.

You keep saying that, but then why not single digits?

The question posed was this year (2015). There will still be a set percentage of people buying in at the "absolute bottom" marks along the way - keeping it treading above that line through 2015.

ThatDGuy

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Quote from: Mobius on December 30, 2014, 05:45:40 AM

I think the only thing that is certain right now is that BTC will eventually rise. It is just a matter of time.

This has always been true, and will be again. I don't see us going significantly lower.

sickpig

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Quote from: jertsy on December 30, 2014, 05:30:26 AM

Quote from: johnyj on December 30, 2014, 03:44:35 AM

Almost everyone who want to sell have already sold, now the only sell pressure comes from daily coin generation, and since many profit oriented mining operations are going to shut down, the mining will shift to home miners, who are the backbone of bitcoin ecosystem. A true bitcoin miner never sell more than 10% of his coins in 5 years period

The biggest mining operations might force everyone else out by continuing to mine when it's unprofitable. They have probably got the money to do it saved from earlier this year when mining was very profitable.

I thought the same as you until I saw the last series of "home" miners i.e. the SP20 and the S5. For a few bucks you'll get the best J/G ratio and without worrying about pre-orders.

I think that mining centralization is less a threath that I suppose it was a few months ago.

See: https://blockchain.info/pools?timespan=4days

Topic: Prepare for a new big drop. - page 2. (Read 5794 times)