Topic: There has got to be a bottom soon? (Read 4148 times)
Well, last night's low was $208. Around $220-$225 now.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
..and what about trader bots Willy and Markus on MTGox?
Ya reckon 800'000 BTC worth of fraudulent 'bullish' Bitcoin trades didn't have a huge impact on the market and the price action, especially back when MtGox accounted for over 90% of all Bitcoin trades.
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That aside, I have to shake my head in disbelief at the "double digit coin can't ever happen' brigade. As exocytosis points out, such drivvle has been proclaimed on these forums all the way down for $1200 Bitcoin.
Going way way back, I always suspected that Bitcoin would bottom out somewhere in $200 range (I have been proven wrong on that already) and this was the price point that I was going to bet the house on Bitcoin. Yet here we are, right in that lower $200 range, and am I piling every spare ounce of cash I can get my hands on into Bitcoin? No! And why not? Because in the fullness of time, Bitcoin will go lower than $200, and lower than $150, and possibly lower than $100, and when the bottom is finally in, it will take a very long time for the price of Bitcoin to recover.
I won't say double digits will not happen, even though I dont expect it to happen
but neither did I expect sub 300 levels.
If double digits will happen though I will probably buy as many as i can.
but neither did I expect sub 300 levels.
If double digits will happen though I will probably buy as many as i can.
I can with certainty predict it's not going to 4 digits within the next 14 months - 100% certain
Quoted so I can later rub your fat buddah nose it it if it does
why do you say that? it's actually quite reasonable.
despite inflation of 10% i can see btc price rise steady 10-25% per year for the next 10 years..
and btw nothing wrong with that! let's not be greedy children.
Now and in a long time the bottom will be $200, let the whale to eat enough bitcoins, and then the price can pump
Well, last night's low was $208. Around $220-$225 now.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
We'll have a very long period at 120-220 territory imo.
Well, last night's low was $208. Around $220-$225 now.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
We'll have a very long period at 120-220 territory imo.
Well, last night's low was $208. Around $220-$225 now.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
Interesting points, I think you could certainly be on to something.
Well, last night's low was $208. Around $220-$225 now.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion. Both of those holes have now been plugged. Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.
Bottom is as low as people want to risk it to try to invest as low as possible (you can miss the train if you wait too much)
what train? The ghost train? Are you still FOMOing? You need lobotomy.
Quick, quick buy before you miss the ghosttrain!
Bottom is as low as people want to risk it to try to invest as low as possible (you can miss the train if you wait too much)
Train missing is FOMO talk. There are always more opportunities.
Bottom is as low as people want to risk it to try to invest as low as possible (you can miss the train if you wait too much)
Mister Satoshi Einstein invented gravity in 2009, and it has plagued us ever since.
I can with certainty predict it's not going to 4 digits within the next 14 months - 100% certain
Quoted so I can later rub your fat buddah nose it it if it does
LOL - yes, please.
I can with certainty predict it's not going to 4 digits within the next 14 months - 100% certain
Quoted so I can later rub your fat buddah nose it it if it does
No one can predict whether there is a bottom or not or whether it sinks to double or go up to four digits
I can with certainty predict it's not going to 4 digits within the next 14 months - 100% certain
its hard to reach, once done its ntng
Is somebody talking?
Double digits won't happen, there are way to many people waiting to buy at such price level.
Back in the days of $1200 coins, I recall most posters saying "sub 1000 won't happen, there are way too many people waiting to buy at such price level".
This phrase was repeated all the way down to where we are now: "sub 700 won't happen", "sub 600 won't happen", etc.
Try googling the word "sentiment". You might learn a thing or two.
Actually I use your posts as a reverse indicator to make money.
Good for you. Then I guess you should buy all those "cheap coins" right now? 3600 new "cheap coins" are created every day. Please gobble them all up. Take up some more loans to finance your gambling habit, leaving you even deeper in the red.
Double digits won't happen, there are way to many people waiting to buy at such price level.
Back in the days of $1200 coins, I recall most posters saying "sub 1000 won't happen, there are way too many people waiting to buy at such price level".
This phrase was repeated all the way down to where we are now: "sub 700 won't happen", "sub 600 won't happen", etc.
Try googling the word "sentiment". You might learn a thing or two.
Actually I use your posts as a reverse indicator to make money. How's that for sentiment?
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