Topic: Prepare for a new big drop. - page 3. (Read 5794 times)
Shopping centers are out of stock of many things I want. Oh my gods! They are gone forever! This time of year is when I used to like to go on warm weather vacations except now I live there. My point is, this is only a cycle thing. I didn't expect it to go this low, but I'm not too surprised.
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
Surprisingly, the 24 hr volume on bitstamp has also gone down. Which might be one reason for the stable price.
Everyone that sold for tax purposes has sold. Buying for the new tax season starts in about 40 hours.
It might happen this droop will have mythical dimensions.
Like Venus de Willendorf?
Too many people sell for new year and christmas, wait for 2015, I expect some small rally on the first week.
It's interesting to see analyses more bearish than mine. 
https://www.tradingview.com/v/MW7ZZW0C/
https://www.tradingview.com/v/DMMyayp9/
https://www.tradingview.com/v/MW7ZZW0C/
https://www.tradingview.com/v/DMMyayp9/
PIKACHUUUUU!!!!
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!
Just look at that huge ask-mountain, it's insane, people want to cut their losses that bad..! Don't hold the bag!
It might happen this droop will have mythical dimensions.
It's interesting to see analyses more bearish than mine.
https://www.tradingview.com/v/MW7ZZW0C/
https://www.tradingview.com/v/DMMyayp9/
https://www.tradingview.com/v/MW7ZZW0C/
https://www.tradingview.com/v/DMMyayp9/
I don't think we go beyond the previous bubblepeak of USD 257.
In statistic terms there is a lot of probability that bitcoin will rise and not drop. Then, there are many interest about bitcoin and no one would want that bitcoin drop to 100-150$. So, keep calm and wait for the next year, 'cause I think that thing will be better than this year 
I think the only thing that is certain right now is that BTC will eventually rise. It is just a matter of time.
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.
Double digits this year.
very unlikely, many people will buy at 100-200 range is not even funny, worse case scenario is 200 or around that
A true bitcoin miner never sell more than 10% of his coins in 5 years period
This is year six coming up. A lot of mining was done the first year. 
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
Wherever it goes, I'm a buyer 
Double digits this year.
You keep saying that, but then why not single digits? 
Double digits this year.
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.
Correct time to enter is when 1 BTC= $100. You could make almost 3x more.
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.
Rate of change definately plays a role, but IMO the reverse one.
If the drop happens rapidly, it is likely to be a panic-driven selloff that quickly rebounds = instant profit for those that buy the dip.
If, however, it happens slowly (like the current trend), it reflects people slowly losing faith and I would hesitate to buy at any level until there is some clear indication of a trend reversal.
but thinking in the current conjecture, which would be a rapid drop? which would be a slow drop?
what is the reference for measured the drop?
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