Thread name screams: "Clueless noobs, read me asap!"
Words like "serious" and "X only" are contributing to this factor.
Topic: Serious bitcoin price discussion. Bears only please. How far will it drop? - page 5. (Read 12072 times)
December 12, 2013, 08:40:52 PM
December 12, 2013, 08:36:32 PM
Could be years before another bitcoin bubble happens.
Are you serious?? Probably this is the most wrong statement in this thread
With all the "projections" of money from finance institutions coming in soon the next bubble is just around the corner..
December 12, 2013, 08:29:02 PM
I agree with everyone about not being too greedy and missing the bottom. This was my big mistake in 2011 that I regret now, but I learned from it.
Seems like the accepted and probable best low we will get is around $600. I figured a low of $300 to $500, so since I always undershoot it will be around $600 maybe even only $700.
Probably the best strategy at this point is to just sit the market out now and wait. Only buy bitcoins if its heading north for a good reason. We will probably sit back and watch it slowly keep dropping.
The speculation forum has really slowed up recently, and mt gox volume is the lowest I have seen it at only 9730 bitcoins. Seems to be dropping and dropping. The speculative boom is ending quick and many people will probably be slowly cashing out as it takes a long time getting your money from these exchanges.
Could be years before another bitcoin bubble happens.
Or a couple months. Seems like the accepted and probable best low we will get is around $600. I figured a low of $300 to $500, so since I always undershoot it will be around $600 maybe even only $700.
Probably the best strategy at this point is to just sit the market out now and wait. Only buy bitcoins if its heading north for a good reason. We will probably sit back and watch it slowly keep dropping.
The speculation forum has really slowed up recently, and mt gox volume is the lowest I have seen it at only 9730 bitcoins. Seems to be dropping and dropping. The speculative boom is ending quick and many people will probably be slowly cashing out as it takes a long time getting your money from these exchanges.
Could be years before another bitcoin bubble happens.
I never would have expected the October run-up to come as soon as it did.
December 12, 2013, 08:23:09 PM
I agree with everyone about not being too greedy and missing the bottom. This was my big mistake in 2011 that I regret now, but I learned from it.
Seems like the accepted and probable best low we will get is around $600. I figured a low of $300 to $500, so since I always undershoot it will be around $600 maybe even only $700.
Probably the best strategy at this point is to just sit the market out now and wait. Only buy bitcoins if its heading north for a good reason. We will probably sit back and watch it slowly keep dropping.
The speculation forum has really slowed up recently, and mt gox volume is the lowest I have seen it at only 9730 bitcoins. Seems to be dropping and dropping. The speculative boom is ending quick and many people will probably be slowly cashing out as it takes a long time getting your money from these exchanges.
Could be years before another bitcoin bubble happens.
Seems like the accepted and probable best low we will get is around $600. I figured a low of $300 to $500, so since I always undershoot it will be around $600 maybe even only $700.
Probably the best strategy at this point is to just sit the market out now and wait. Only buy bitcoins if its heading north for a good reason. We will probably sit back and watch it slowly keep dropping.
The speculation forum has really slowed up recently, and mt gox volume is the lowest I have seen it at only 9730 bitcoins. Seems to be dropping and dropping. The speculative boom is ending quick and many people will probably be slowly cashing out as it takes a long time getting your money from these exchanges.
Could be years before another bitcoin bubble happens.
December 12, 2013, 08:20:56 PM
Jesus, what's with all the whinning and complaining from bears? And what's with all the "bears only" bs.
to be fair, bears cant post anything without a barrage of bulls following up with insults, ad homs, etci dont see the same nonsense from bears, but, shrug
So I disagree with the idea that excluding one camp from your thread will lead to a more intelligent discussion. Unfortunately I'm a hyperbull, so I won't comment on the topic.
i'm a long term bull. that doesn't make a bunch of "youre gonna get slaughtered" "to the moon" "new ath by friday" responses to bear analysis helpful to me.
December 12, 2013, 08:18:46 PM
Jesus, what's with all the whinning and complaining from bears? And what's with all the "bears only" bs.
to be fair, bears cant post anything without a barrage of bulls following up with insults, ad homs, etci dont see the same nonsense from bears, but, shrug
So I disagree with the idea that excluding one camp from your thread will lead to a more intelligent discussion. Unfortunately I'm a hyperbull, so I won't comment on the topic.
Most of the "fights" come from misunderstanding the time frame on which the other is bearish / bullish.
The only line worth drawing is between to-the-mooners and to-zeroers.
December 12, 2013, 08:05:46 PM
Jesus, what's with all the whinning and complaining from bears? And what's with all the "bears only" bs.
to be fair, bears cant post anything without a barrage of bulls following up with insults, ad homs, etci dont see the same nonsense from bears, but, shrug
So I disagree with the idea that excluding one camp from your thread will lead to a more intelligent discussion. Unfortunately I'm a hyperbull, so I won't comment on the topic.
December 12, 2013, 07:59:23 PM
...are willing to hear speculation and views from both side of the aisle
This is in contrary to only-bears thread.
May be an exception though...
December 12, 2013, 07:54:34 PM
I describe myself as a short term "technical" bear and a long term "fundamental" bull.
I believe a majority of users in the speculation sub-forum fit this profile (atm).
Price wise, I base my bottoms on %50 drops and spread my orders 0 to 20% above (in April I would have bet on 70% drops).
It worked pretty well on the last three significant drops since the 6th ($550, $650 and $800 on stamp).
I'm now 30% fiat and am waiting for the next opportunity.
I give 1% chance to a $200 scenario, 5% to $400, 20% to $500 and a good 60% to $600.
All the reasons have been mentioned already, whether it is TA or FA, it seems to point toward a $700-$900 channel with drops slightly below that.
My piece of advice: don't be too greedy or you will miss the bottom.
I believe a majority of users in the speculation sub-forum fit this profile (atm).
Price wise, I base my bottoms on %50 drops and spread my orders 0 to 20% above (in April I would have bet on 70% drops).
It worked pretty well on the last three significant drops since the 6th ($550, $650 and $800 on stamp).
I'm now 30% fiat and am waiting for the next opportunity.
I give 1% chance to a $200 scenario, 5% to $400, 20% to $500 and a good 60% to $600.
All the reasons have been mentioned already, whether it is TA or FA, it seems to point toward a $700-$900 channel with drops slightly below that.
My piece of advice: don't be too greedy or you will miss the bottom.
Yea, I see it very similarly.
December 12, 2013, 07:51:10 PM
...are willing to hear speculation and views from both side of the aisle
This is in contrary to only-bears thread.
May be an exception though...
December 12, 2013, 07:46:17 PM
I describe myself as a short term "technical" bear and a long term "fundamental" bull.
I believe a majority of users in the speculation sub-forum fit this profile (atm).
Price wise, I base my bottoms on %50 drops and spread my orders 0 to 20% above (in April I would have bet on 70% drops).
It worked pretty well on the last three significant drops since the 6th ($550, $650 and $800 on stamp).
I'm now 30% fiat and am waiting for the next opportunity.
I give 1% chance to a $200 scenario, 5% to $400, 20% to $500 and a good 60% to $600.
All the reasons have been mentioned already, whether it is TA or FA, it seems to point toward a $700-$900 channel with drops slightly below that.
My piece of advice: don't be too greedy or you will miss the bottom.
I believe a majority of users in the speculation sub-forum fit this profile (atm).
Price wise, I base my bottoms on %50 drops and spread my orders 0 to 20% above (in April I would have bet on 70% drops).
It worked pretty well on the last three significant drops since the 6th ($550, $650 and $800 on stamp).
I'm now 30% fiat and am waiting for the next opportunity.
I give 1% chance to a $200 scenario, 5% to $400, 20% to $500 and a good 60% to $600.
All the reasons have been mentioned already, whether it is TA or FA, it seems to point toward a $700-$900 channel with drops slightly below that.
My piece of advice: don't be too greedy or you will miss the bottom.
December 12, 2013, 07:39:22 PM
Jesus, what's with all the whinning and complaining from bears? And what's with all the "bears only" bs.
to be fair, bears cant post anything without a barrage of bulls following up with insults, ad homs, etci dont see the same nonsense from bears, but, shrug
For reasons I don't entirely understand, many of the uber-bulls on this forum seem to internalize any bearish bits of speculation as a personal insult and will lash out because of it. I guess that's what happens when you attach a fragile ego to bitcoin.
Most bears, on the other hand, take a more objective and rationale look at bitcoin and are willing to hear speculation and views from both side of the aisle, and are unlikely to take any of it personally. So it's good to have exclusive threads like this where bears can logically analyze market behavior without all the emotions and drama.
December 12, 2013, 07:12:09 PM
Jesus, what's with all the whinning and complaining from bears? And what's with all the "bears only" bs.
to be fair, bears cant post anything without a barrage of bulls following up with insults, ad homs, etci dont see the same nonsense from bears, but, shrug
December 12, 2013, 07:11:43 PM
No way we go below $502 on gox.
December 12, 2013, 07:04:15 PM
I think we will see again $600-$650 this weekend, there is too much money on the sideline ready to buy to make it go further down
Will all the recent press coverage (good or bad) many new investors came in and many more will come next year
MtGox is not as relevant as in April and it's much more difficult to manipulate the price than before
Agree! if you are a true long term bear you wouldn't be here
Will all the recent press coverage (good or bad) many new investors came in and many more will come next year
MtGox is not as relevant as in April and it's much more difficult to manipulate the price than before
Jesus, what's with all the whinning and complaining from bears? And what's with all the "bears only" bs.
[...]
[...]
Agree! if you are a true long term bear you wouldn't be here
December 12, 2013, 06:50:31 PM
Jesus, what's with all the whinning and complaining from bears? And what's with all the "bears only" bs.
I am a short term bear. Like next 3 weeks. So guess what, I QUALIFY.
And I think we do not see $600 for a multitude of obvious reasons that if anyone will pull their heads up out of their EW charts long enough to take a look at, make it pretty in plain sight.
Sorry, but as a bear, that is my strong opinion.
I am a short term bear. Like next 3 weeks. So guess what, I QUALIFY.
And I think we do not see $600 for a multitude of obvious reasons that if anyone will pull their heads up out of their EW charts long enough to take a look at, make it pretty in plain sight.
Sorry, but as a bear, that is my strong opinion.
December 12, 2013, 06:40:02 PM
there is no stopping perma bulls on bitcointalk
December 12, 2013, 06:15:38 PM
will hit -100$ so you will be charged 1k for every 10 BTC you still hold!
Probably hit $.50? Maybe $.00001?
December 12, 2013, 06:02:00 PM
Some uber-bulls chose to ignore the 'bears only' title, again. This time it was followed by a 'please'. What does it take to keep uber-bulls out of a thread?
If the current market is going to follow EW patterns, then the very bottom has to be no higher than 495$ (Gox price).
That's because corrective wave C has to be at least as large (% wise IMO) as corrective wave A.
If the market will behave like in April, then the very bottom could be in the 250$ - 300$ range.
But the bottom depends heavily on how many coins will be panic sold when most of the market understands that it's a bear market.
And that's impossible to predict IMO, could be 50K more or 150K more, with hugely different outcomes.
If the current market is going to follow EW patterns, then the very bottom has to be no higher than 495$ (Gox price).
That's because corrective wave C has to be at least as large (% wise IMO) as corrective wave A.
If the market will behave like in April, then the very bottom could be in the 250$ - 300$ range.
But the bottom depends heavily on how many coins will be panic sold when most of the market understands that it's a bear market.
And that's impossible to predict IMO, could be 50K more or 150K more, with hugely different outcomes.
I really was not bullish until now. But based on my previous observations on this forum, price usually goes up when Tzupy appears and say that we are in the bear market. This indicator works surely better than EW.
Yup, he knows wall street will get involved soon I guess, last chance for cheap Bitcoin Ladies and Gentleman
December 12, 2013, 06:00:15 PM
You guys are going to get f'ing burned. Good luck though.
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