[Speculation] Bitcoin Price Drop in 5... 4... 3... 2...

Amph

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Quote from: randy8777 on March 29, 2015, 05:36:36 PM

Quote from: Denker on March 29, 2015, 02:14:31 PM

Quote from: Amph on March 29, 2015, 12:52:32 PM

Quote from: Wei H on March 29, 2015, 11:41:51 AM

Time to sell, I sold at 255$ yesterday.

this is what whales want to do you now, panic selling, thus they can buy and pump this sick bitcoin again, then little investor will follow the pump buying into it, this will lead to another crash by the whales

i would wait if i was you, it shouldn't drop too much

Yes this is how it works. Shaking off the weak hands and accumulating more and more BTC.It's all about psychology.And when bear market is over and the chart starts to climb or whales decide it's time move up and probably reach new ATH guess who is laughing then?! I wouldn't sell now neither.

i hear a lot people talking about weak hands. but in general, how much bitcoins do you think weak hand traders have?

weak hands can also be semi-pro traders, they are fighting against pro, so their % of error is greater, also there is many whale vs whale war out there

i don't think too that there are many fish(or many bitcoin owned by those people) trading right now, it's all about semi-pro and pro and some medium traders

tokeweed

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Life, Love and Laughter...

Under 240usd now...

randy8777

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Quote from: Denker on March 29, 2015, 02:14:31 PM

Quote from: Amph on March 29, 2015, 12:52:32 PM

Quote from: Wei H on March 29, 2015, 11:41:51 AM

Time to sell, I sold at 255$ yesterday.

this is what whales want to do you now, panic selling, thus they can buy and pump this sick bitcoin again, then little investor will follow the pump buying into it, this will lead to another crash by the whales

i would wait if i was you, it shouldn't drop too much

Yes this is how it works. Shaking off the weak hands and accumulating more and more BTC.It's all about psychology.And when bear market is over and the chart starts to climb or whales decide it's time move up and probably reach new ATH guess who is laughing then?! I wouldn't sell now neither.

i hear a lot people talking about weak hands. but in general, how much bitcoins do you think weak hand traders have?

Denker

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Quote from: Amph on March 29, 2015, 12:52:32 PM

Quote from: Wei H on March 29, 2015, 11:41:51 AM

Time to sell, I sold at 255$ yesterday.

this is what whales want to do you now, panic selling, thus they can buy and pump this sick bitcoin again, then little investor will follow the pump buying into it, this will lead to another crash by the whales

i would wait if i was you, it shouldn't drop too much

Yes this is how it works. Shaking off the weak hands and accumulating more and more BTC.It's all about psychology.And when bear market is over and the chart starts to climb or whales decide it's time move up and probably reach new ATH guess who is laughing then?! I wouldn't sell now neither.

Amph

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Activity: 3248

Merit: 1072

Quote from: Wei H on March 29, 2015, 11:41:51 AM

Time to sell, I sold at 255$ yesterday.

this is what whales want you to do now, panic selling, thus they can buy and pump this sick bitcoin again, then little investors will follow the pump buying into it, this will lead to another crash by the whales

i would wait if i was you, it shouldn't drop too much

okthen

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Activity: 490

Merit: 500

Quote from: asuryan180 on March 29, 2015, 11:50:22 AM

Quote from: tokeweed on March 26, 2015, 09:43:19 PM

Another drop under 240 usd is just around the corner. Is it a good time to convert some to fiat for the time being?

Nope you might as well hold why bother converting to fiat paper now when you could have done that at 290+ just a week ago?

Seems a bit of a waste of time even thinking about it now, the chances are you convert to fiat and it goes back up 260+ the rises surly you have been around long enough to have an idea what to do Huh

Exactly.
Why endure the stress that it means to sell, and then to keep checking the price for "the right moment"?
It seems like an awful lot of work for small gains that might not even happen.

indiemax

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Quote from: Q7 on March 27, 2015, 01:10:04 AM

Oh wait, If you are so confident of a drop coming pretty soon, you ought to put everything you have to short bitcoin. And that means selling everything you have including your clothes, car and house to bet on that drop. If you are so confident....

do people really do that Grin

asuryan180

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Quote from: tokeweed on March 26, 2015, 09:43:19 PM

Another drop under 240 usd is just around the corner. Is it a good time to convert some to fiat for the time being?

Nope you might as well hold why bother converting to fiat paper now when you could have done that at 290+ just a week ago?

Seems a bit of a waste of time even thinking about it now, the chances are you convert to fiat and it goes back up 260+ the rises surly you have been around long enough to have an idea what to do Huh

Wei H

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Chinese translator

Time to sell, I sold at 255$ yesterday.

tokeweed

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Life, Love and Laughter...

Quote from: ssmc2 on March 29, 2015, 08:24:17 AM

Quote from: tokeweed on March 29, 2015, 01:58:11 AM

Quote from: smith coins on March 29, 2015, 01:23:45 AM

Generally anytime you have panic selling , no matter is undervalued at the end of that panic cycle... buy when there's blood in the streets

But how would one know when to buy? What if I buy now, and it goes below 200 and stays there for another 1 or 2 years? Wouldn't that money be better invested somewhere else?

Not if after that 1 or 2 year period the price rises to 5 or 6 figures. How patient are you?

Hopefully patient enough. Look at this Nikkei max chart... http://finance.yahoo.com/echarts?s=%5En225+interactive

It's been decades since it has reached its high. Will that happen to bitcoin, who knows. But it's possible.

ssmc2

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Quote from: tokeweed on March 29, 2015, 01:58:11 AM

Quote from: smith coins on March 29, 2015, 01:23:45 AM

Generally anytime you have panic selling , no matter is undervalued at the end of that panic cycle... buy when there's blood in the streets

But how would one know when to buy? What if I buy now, and it goes below 200 and stays there for another 1 or 2 years? Wouldn't that money be better invested somewhere else?

Not if after that 1 or 2 year period the price rises to 5 or 6 figures. How patient are you?

tokeweed

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Life, Love and Laughter...

Quote from: smith coins on March 29, 2015, 01:23:45 AM

Generally anytime you have panic selling , no matter is undervalued at the end of that panic cycle... buy when there's blood in the streets

But how would one know when to buy? What if I buy now, and it goes below 200 and stays there for another 1 or 2 years? Wouldn't that money be better invested somewhere else?

smith coins

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Generally anytime you have panic selling , no matter is undervalued at the end of that panic cycle... buy when there's blood in the streets

AtheistAKASaneBrain

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Quote from: randy8777 on March 27, 2015, 05:07:30 AM

only whales know what will happen. we can guess as much as we want but there is always a 50% chance for it to come true.
if it didn't come true you don't see these people anymore. they will then create a new account.

Not even whales, whales can only manipulate at a certain extent. Unless there is a big ass conspiracy of all whales ever acting synchronized, they can not decide the price on its entirety by themselves, in other words there are whales vs whales wars going on.

randy8777

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Quote from: HI-TEC99 on March 27, 2015, 05:34:20 AM

Quote from: randy8777 on March 27, 2015, 05:07:30 AM

only whales know what will happen. we can guess as much as we want but there is always a 50% chance for it to come true.
if it didn't come true you don't see these people anymore. they will then create a new account.

I don't think tokeweed will stop using his hero member account if he gets it wrong. If it was a newbie account it's no problem, but hero member accounts take don't grow on trees.

in this case it's a hero member. but there are people who create each week a new account with threads like 'bitcoin goes to $50 next week'

tokeweed

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Quote from: needFREElunch on March 27, 2015, 10:55:57 AM

Quote from: tokeweed on March 27, 2015, 02:19:45 AM

Quote from: needFREElunch on March 26, 2015, 10:44:07 PM

This is why bitcoin has massive swings because of the "ohh no its going down better sell" mentality that everyone has. By selling you are only making the price fall even further down this is because you are increasing the supply and it drives the price down because there is not enough demand to buy up all of the supply that is on the market.

This is the speculation sub forum.

And it ain't our fault there's not much demand.

But the demand is retaliative to the supply it is the seller fault that there is not enough demand.

Blame it on the professional miners or maybe the whales who hold a huge amount for selling. I'm pretty sure a majority of people here cannot move the market.

As for lack of demand, who's to blame?

needFREElunch

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Hi

Quote from: tokeweed on March 27, 2015, 02:19:45 AM

Quote from: needFREElunch on March 26, 2015, 10:44:07 PM

This is why bitcoin has massive swings because of the "ohh no its going down better sell" mentality that everyone has. By selling you are only making the price fall even further down this is because you are increasing the supply and it drives the price down because there is not enough demand to buy up all of the supply that is on the market.

This is the speculation sub forum.

And it ain't our fault there's not much demand.

But the demand is retaliative to the supply it is the seller fault that there is not enough demand.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: tyrexs on March 27, 2015, 07:56:53 AM

will be going under $200 next week

care to make a bet on that one? were now ~245$ and that is after the fall from 300$, the next thing to expect shouldnt be another major drop, altho 220 still
remains as an option for floor price, but under 200? i dont think so, theres too much positive things happening, and if that was to happen i would go all in , because i believe it would be a massive manipulation
of the price.Its funny how everytime bitcoin price falls, people get so pesimistic, but its natural for corrections to follow after a sharp rise.

cheers

tyrexs

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will be going under $200 next week

tokeweed

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Life, Love and Laughter...

Quote from: HI-TEC99 on March 27, 2015, 05:34:20 AM

Quote from: randy8777 on March 27, 2015, 05:07:30 AM

only whales know what will happen. we can guess as much as we want but there is always a 50% chance for it to come true.
if it didn't come true you don't see these people anymore. they will then create a new account.

I don't think tokeweed will stop using his hero member account if he gets it wrong. If it was a newbie account it's no problem, but hero member accounts take don't grow on trees.

I don't care if I'm right or wrong. Just speculating if it's a good time to convert some BTC to fiat for the time being.

Topic: [Speculation] Bitcoin Price Drop in 5... 4... 3... 2... (Read 2366 times)