the current slide? | Bitcointalksearch.org

Saint!

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Quote from: bitleif on May 02, 2013, 02:58:44 AM

Everybody seems to be on the "decline for a while" bandwagon, which means the market is probably oversold at this point. The current jump back up to $124 might hold for a while.

I think it’s more likely that they're comparing the slide to 2011's and people actually want it to go to single figures so that they can buy in cheap.

Personally I'd like to see it stabilise at its current level, which would show some strength in the market. This in turn would draw merchants and users and give us a steady sustainable increase.

Saint!

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It it almost certainly caused by this:

http://www.ibtimes.com/silk-road-anonymous-marketplace-shut-down-administrators-offer-5k-information-lance-g-1230645

Freakin a few people out that their bitcoins will now be worthless, plus theres always the fact that someone managed to locate the site hidden on the TOR network. So people might feel less secure about their privacy.

antifaston21

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It has rebounded nicely to the mid 120s and will probably pull back from there and maybe head higher. It took forever to bounce though and I stayed up all night trying to time it correctly.

Malawi

full member

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One bitcoin to rule them all!

Seems like there is pretty strong support in the 100-120 area.

Pretty sure the price is bound to break trough, but it may take some time.

bitleif

sr. member

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I'm always grumpy in the morning.

Everybody seems to be on the "decline for a while" bandwagon, which means the market is probably oversold at this point. The current jump back up to $124 might hold for a while.

InitialLetter

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I agree with the sentiment that we will see decline for a while. Single digits seem a little bit extreme forecast though in my eyes. It would require some extremely concerning news about the bitcoin security or credibility.

Osso

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Quote from: Sentinelrv on May 02, 2013, 01:00:35 AM

Quote from: responsiblepilot738 on May 01, 2013, 09:57:06 PM

I think it will linger around the 100 range until the next breakout.

Yeah, if it does go to single digits I don't think it will be there for too long. I see the price staying somewhere over $100 until the next bubble hits.

I do not think there is anyone who would not buy bitcoins closing on single digits so yes we will probably not reach them.

StefanXXL

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current is current

Sentinelrv

sr. member

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Quote from: responsiblepilot738 on May 01, 2013, 09:57:06 PM

I think it will linger around the 100 range until the next breakout.

Yeah, if it does go to single digits I don't think it will be there for too long. I see the price staying somewhere over $100 until the next bubble hits.

Coinbrah

member

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Whew

I do hope there is a deep floor on this followed by a lull before the institutional money digs in deep.

tecnocris

newbie

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Quote from: bart4282819 on May 01, 2013, 09:55:37 PM

Man, a lot of people might lose a lot of money (temporarily or permanently) if it hit single digits. Makes my stomach turn lol

risk is a hell of a drug

responsiblepilot738

newbie

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I think it will linger around the 100 range until the next breakout.

bart4282819

newbie

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Man, a lot of people might lose a lot of money (temporarily or permanently) if it hit single digits. Makes my stomach turn lol

tecnocris

newbie

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Quote from: libertine on May 01, 2013, 07:28:17 PM

do you think this current slide in price will result in a crash or rebound soon. or a slow long slide to a stabilization?

I would say its all speculation until the market stabilizes, and even then stable markets have a propensity to become destabilized from time to time. The real question should be to ask what the variables that are causing the slide are, and how do we recognize changes in those variables.

monocolor

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Own ONION

lol, not sure we can get there, unless the coin software is hacked in some way

evolve

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daytrader/superhero

Quote from: libertine on May 01, 2013, 07:34:23 PM

my guess would be at around the 30 dollar mark though.

That is a reasonable target.

libertine

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Quote from: evolve on May 01, 2013, 07:30:43 PM

Long slow slide (possibly down to singles), followed by period of stabilization until bubble #3 hits.

this is what I thought my guess would be at around the 30 dollar mark though. then im in for the long haul.

evolve

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daytrader/superhero

Long slow slide (possibly down to singles), followed by period of stabilization until bubble #3 hits.

libertine

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do you think this current slide in price will result in a crash or rebound soon. or a slow long slide to a stabilization?

Topic: the current slide? (Read 723 times)