Prepare for a new big drop. - page 4.

phlogistonq

full member

Activity: 159

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

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.

jertsy

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Activity: 341

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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.

I remember people talking like that in September.

Quote from: mycoinfans on September 18, 2014, 11:27:19 PM

The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.

Meuh6879

legendary

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

Now that the holidays are over and demand is lower than ever

Yes and it's a good thing to "view" the low level ... long term life economies can project on good futur.

and ... like you see, big UP on the red line (normally ?). Roll Eyes

magicmexican

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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.

Thats just my opinion, but if it would break 275$ i wouldnt go full retard buying it at that price, it would most likely go to the lower end of 2xx range

finnile

full member

Activity: 196

Merit: 104

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.

carlosiness

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Activity: 672

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thumbs up for old good prices

ivyleague1985

newbie

Activity: 56

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The drop towards $200s has been talked over and over by people on this forum, so don't even dream it to come.

Only panic sale can trigger massive price drop, but do you feel any panic or fear among people when they are talking about $200s? At least I don't.

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

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.

ask

legendary

Activity: 1386

Merit: 1004

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

Dilla

hero member

Activity: 588

Merit: 500

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.

Dilla

hero member

Activity: 588

Merit: 500

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

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

There could be a drop back into the mid-200s in the next few days/weeks yet that's where the area where traders and bulls are looking to scoop up heavy so it's unlikely to go below the trendline. And from there, the next bull market of galaxy potential could be lifted off at.

kwukduck

legendary

Activity: 1937

Merit: 1001

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!

Topic: Prepare for a new big drop. - page 4. (Read 5794 times)