We leave 500. Target 200. Trade recommendation. - page 4.

inca

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Quote from: scarsbergholden on September 17, 2014, 12:31:33 PM

Quote from: tabnloz on September 17, 2014, 08:32:34 AM

after 6 months + of bear market surely the weak hands have all been shook out?

Now it seems like shorters just attacking despite positive developments.

We can have positive developments and infrastructure investment for a long time and continue to be in a bear market. These things are not necessarily directly related, nor do they occur in a vacuum. The relationship between BTCUSD and the infrastructure of the BTC economy is not immediately clear. People can cite things like Metcalfe's law, but it is not clear that user adoption is (at all) happening to the extent that justifies a valuation on that basis.

Both transaction volumes and wallet numbers have risen throughout the year. Infrastructure and seed capital has rocketed in the last twelve months.

What metrics other than declining price are you using to justify a falling valuation for bitcoin going forward?

scarsbergholden

hero member

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Quote from: tabnloz on September 17, 2014, 08:32:34 AM

after 6 months + of bear market surely the weak hands have all been shook out?

Now it seems like shorters just attacking despite positive developments.

We can have positive developments and infrastructure investment for a long time and continue to be in a bear market. These things are not necessarily directly related, nor do they occur in a vacuum. The relationship between BTCUSD and the infrastructure of the BTC economy is not immediately clear. People can cite things like Metcalfe's law, but it is not clear that user adoption is (at all) happening to the extent that justifies a valuation on that basis.

dompsairs

member

Activity: 70

Merit: 10

Quote from: ajareselde on September 17, 2014, 09:58:05 AM

Quote from: datehunter on September 17, 2014, 08:40:42 AM

The price is still dropping, it's $452 at the moment, can't believe it.

what is there not to believe in ?
bitcoin as a pay-service doesnt neet to have high value to be used.
bitcoin will survive, but your investments may not.

How in the fuck Bitcoin can be a success without mass usage? and how isn't this directly related to high prices? give me a break.

guy_wonderful

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Working 24 hours a day isn't enough anymore.

Quote from: ask on September 16, 2014, 07:27:39 AM

Strong BUY.

LOL

var53

sr. member

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Even if another cryptocurrency completely takes all of the market from Bitcoin I expect there would be a small hard core group of supporters trading it at very low prices.

CryptoCarmen

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★Bitin.io★ - Instant Exchange

Quote from: wachtwoord on September 17, 2014, 07:34:23 AM

Quote from: howareyo on September 17, 2014, 07:16:11 AM

Someone says we are going to the moon, some others that we will go to zero, so... make yourself agree!

Zero will only happen if another cryptocurrency completely takes all of the market from Bitcoin because it is technically superior. Since this is unlikely, and because crypto will be a major part of society in the not so distant future, the price of Bitcoin should go to what most people here would refer to as "the moon".

I dont think even then. zero could happen if there would be some technical flaw, that would make btc totally unusable. But for most people that BTC is 1 USD is same as zero.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: datehunter on September 17, 2014, 08:40:42 AM

The price is still dropping, it's $452 at the moment, can't believe it.

what is there not to believe in ?
bitcoin as a pay-service doesnt neet to have high value to be used.
bitcoin will survive, but your investments may not.

datehunter

newbie

Activity: 42

Merit: 0

The price is still dropping, it's $452 at the moment, can't believe it.

Ibian

legendary

Activity: 2268

Merit: 1278

I have been thinking for a while that the supposed capitulation panic is missing. This is my first bubble so I might be wrong, but there just seems to be too much optimism. It's probably deliberate that this bear market is dragging on for as long as it is. They want us regular folks out I think.

tabnloz

legendary

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after 6 months + of bear market surely the weak hands have all been shook out?

Now it seems like shorters just attacking despite positive developments.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: howareyo on September 17, 2014, 07:16:11 AM

Someone says we are going to the moon, some others that we will go to zero, so... make yourself agree!

Zero will only happen if another cryptocurrency completely takes all of the market from Bitcoin because it is technically superior. Since this is unlikely, and because crypto will be a major part of society in the not so distant future, the price of Bitcoin should go to what most people here would refer to as "the moon".

howareyo

newbie

Activity: 28

Merit: 0

Someone says we are going to the moon, some others that we will go to zero, so... make yourself agree!

Wilhelm

legendary

Activity: 1652

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Quote from: Unbelive on September 17, 2014, 06:54:05 AM

Quote from: guy_wonderful on September 17, 2014, 06:48:59 AM

Quote from: guy_wonderful on August 31, 2014, 03:18:14 AM

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.

Last support aproaching "445-420" , when broken fastly moves to diretion of target.

So we should sell now?

Yes sell, the more weak hands the better Roll Eyes

Unbelive

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Invest & Earn: https://cloudthink.io

Quote from: guy_wonderful on September 17, 2014, 06:48:59 AM

Quote from: guy_wonderful on August 31, 2014, 03:18:14 AM

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.

Last support aproaching "445-420" , when broken fastly moves to diretion of target.

So we should sell now?

guy_wonderful

hero member

Activity: 966

Merit: 501

Working 24 hours a day isn't enough anymore.

Quote from: guy_wonderful on August 31, 2014, 03:18:14 AM

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.

Last support aproaching "445-420" , when broken fastly moves to diretion of target.

ask

legendary

Activity: 1386

Merit: 1004

Strong BUY.

Wilhelm

legendary

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Merit: 1265

I'm with ^^

guy_wonderful

hero member

Activity: 966

Merit: 501

Working 24 hours a day isn't enough anymore.

up

yayayo

legendary

Activity: 1806

Merit: 1024

I disagree and say that we've already seen the bottom. Sentiment is bearish (too bearish), but fundamentals are good (bitcoin is used by an increasing number of businesses). The last selloff (to $360) was sharp but short lived and buyers quickly eliminated the loss.

I don't expect a major uptrend yet. That will happen when Wallstreet buys in via investment vehicles like the Winklevoss ETF, which will also be followed by increased media attention.

ya.ya.yo!

sehnye

newbie

Activity: 27

Merit: 0

How can it drop to 200 dollars, it's impossible because there would be a really high buying pressure eating all the (little?) sell walls.

Topic: We leave 500. Target 200. Trade recommendation. - page 4. (Read 9614 times)