What is the next major support if $266 breaks?

halinyo

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Quote from: Elwar on January 09, 2015, 05:06:52 AM

Quote from: BlindMayorBitcorn on January 08, 2015, 09:28:48 PM

But you will agree that if it hits ten bucks or a buck or some such insane retrace it will have proven a failure?

The only way it is proven a failure is if it is not accepted and not mined.

No matter the price, I still get paid in bitcoins and can spend it for flights, hotels, Amazon purchases, I can trade for euros via localbitcoins to pay my rent and for food.

I will not worry until those things start to go away.

That is a great point. That is how BTC can be used without depending on FIAT Wink

Therefore, who cares the fall in the USD rate, unless it is a huge drop?

Elwar

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Quote from: BlindMayorBitcorn on January 08, 2015, 09:28:48 PM

But you will agree that if it hits ten bucks or a buck or some such insane retrace it will have proven a failure?

The only way it is proven a failure is if it is not accepted and not mined.

No matter the price, I still get paid in bitcoins and can spend it for flights, hotels, Amazon purchases, I can trade for euros via localbitcoins to pay my rent and for food.

I will not worry until those things start to go away.

zetaray

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I support bitcoin, but it is hard to say where is the next support level. People has been saying $300 will hold, it broke through. Now they say $250 will hold. It is a tough call, but I remain optimistic and will say we we will be back at $300 if bitstamp resumes trading.

BlindMayorBitcorn

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Quote from: RyNinDaCleM on January 08, 2015, 10:27:36 PM

The next major support is around $130, ok!?
That's not to say it will get there, but there was very little resistance after the $259 mark. Since we already broke that, it's not so major anymore.

/thread

Yikes. I will support $130 then

deine mudder

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emergency plans on the table now. Everyone support 100$ - if it breaks just forget it.

skeletonbit

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the price is back to 280$ and appears to be holding, really? No more panic than that?

RyNinDaCleM

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Legen -wait for it- dary

The next major support is around $130, ok!?
That's not to say it will get there, but there was very little resistance after the $259 mark. Since we already broke that, it's not so major anymore.

/thread

Bejkn

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At least we need not worry it now

Pecunia non olet

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Quote from: celebreze32 on January 08, 2015, 09:36:26 PM

How do you know you are not looking at things through rose tinted glasses?

i don't, same as you

BlindMayorBitcorn

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Quote from: BlindMayorBitcorn on January 08, 2015, 09:28:48 PM

Quote from: Bit_Happy on January 08, 2015, 09:23:46 PM

The exact number for "support" doesn't matter, since it might not be accurate and you risk missing the huge rally:
There is an almost 98%+ chance that withing one year (or less) the market will be at least 49.999% higher than it is today.
ps. If you don't believe this, then study your Bitcoin history.

But you will agree that if it hits ten bucks or a buck or some such insane retrace it will have proven a failure?

Someone honestly tell me what good any crypto would be with a 21 million dollar market cap??

celebreze32

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Quote from: Pecunia non olet on January 08, 2015, 09:15:35 PM

Quote from: celebreze32 on January 08, 2015, 08:23:40 PM

Quote from: Tzupy on January 08, 2015, 08:14:09 PM

Won't break now, I have a big net there (not really, just kidding). Seriously, market is already in the oversold zone, it can only drop one more time now (and then might linger).

Do you think the bottom's in then and we slowly rise for the next year (apart from a possible last drop)?

we will never rise again because we'll panic right through to 10$ a coin, dead cat bounce to 80$ before dropping to 2$ and stay there. The coming 2 years after that will be from 2$ slow decline to 5 cents where it will stay for a long time (as long as people keep mining and there's still an exchange for it and if the difficulty doesn't get stuck and the network comes to an halt upon the selloff because in that case it'll be zero immediately).

Some alts will actually survive it.

How do you know you are not looking at things through rose tinted glasses?

BlindMayorBitcorn

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Quote from: Bit_Happy on January 08, 2015, 09:23:46 PM

The exact number for "support" doesn't matter, since it might not be accurate and you risk missing the huge rally:
There is an almost 98%+ chance that withing one year (or less) the market will be at least 49.999% higher than it is today.
ps. If you don't believe this, then study your Bitcoin history.

But you will agree that if it hits ten bucks or a buck or some such insane retrace it will have proven a failure?

Pecunia non olet

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Quote from: Bit_Happy on January 08, 2015, 09:23:46 PM

The exact number for "support" doesn't matter, since it might not be accurate and you risk missing the huge rally:
There is an almost 98%+ chance that withing one year (or less) the market will be at least 49.999% higher than it is today.
ps. If you don't believe this, then study your Bitcoin history.

you're pulling this out of your ass obviously.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1115

Quote from: Pecunia non olet on January 08, 2015, 09:15:35 PM

Quote from: celebreze32 on January 08, 2015, 08:23:40 PM

Quote from: Tzupy on January 08, 2015, 08:14:09 PM

Won't break now, I have a big net there (not really, just kidding). Seriously, market is already in the oversold zone, it can only drop one more time now (and then might linger).

Do you think the bottom's in then and we slowly rise for the next year (apart from a possible last drop)?

we will never rise again because we'll panic right through to 10$ a coin, dead cat bounce to 80$ before dropping to 2$ and stay there. The coming 2 years after that will be from 2$ slow decline to 5 cents where it will stay for a long time (as long as people keep mining and there's still an exchange for it and if the difficulty doesn't get stuck and the network comes to an halt upon the selloff because in that case it'll be zero immediately).

Some alts will actually survive it.

Cool story bro. Tell us more Roll Eyes

Bit_Happy

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A Great Time to Start Something!

The exact number for "support" doesn't matter, since it might not be accurate and you risk missing the huge rally:
There is an almost 98%+ chance that withing one year (or less) the market will be at least 49.999% higher than it is today.
ps. If you don't believe this, then study your Bitcoin history.

Pecunia non olet

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Quote from: Morecoin Freeman on January 08, 2015, 09:19:22 PM

Quote from: Pecunia non olet on January 08, 2015, 09:15:35 PM

Quote from: celebreze32 on January 08, 2015, 08:23:40 PM

Quote from: Tzupy on January 08, 2015, 08:14:09 PM

Won't break now, I have a big net there (not really, just kidding). Seriously, market is already in the oversold zone, it can only drop one more time now (and then might linger).

Do you think the bottom's in then and we slowly rise for the next year (apart from a possible last drop)?

we will never rise again because we'll panic right through to 10$ a coin, dead cat bounce to 80$ before dropping to 2$ and stay there. The coming 2 years after that will be from 2$ slow decline to 5 cents where it will stay for a long time (as long as people keep mining and there's still an exchange for it and if the difficulty doesn't get stuck and the network comes to an halt upon the selloff because in that case it'll be zero immediately).

Some alts will actually survive it.

This will not happen. You must have no clue what is happening at all.

well, there will be some crazy whales buying in on the way and try to stop it, so i think getting stuck on difficulty is less likely thanks to those contrarian traders who will likely ruin themselves in the process but will prevent an all too fast collapse. So if some whales keep buying maybe we don't crash through the 100$.

One thing is certain: break 255$ means panic-button

use logarythmic view.

Morecoin Freeman

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Quote from: Pecunia non olet on January 08, 2015, 09:15:35 PM

Quote from: celebreze32 on January 08, 2015, 08:23:40 PM

Quote from: Tzupy on January 08, 2015, 08:14:09 PM

Won't break now, I have a big net there (not really, just kidding). Seriously, market is already in the oversold zone, it can only drop one more time now (and then might linger).

Do you think the bottom's in then and we slowly rise for the next year (apart from a possible last drop)?

we will never rise again because we'll panic right through to 10$ a coin, dead cat bounce to 80$ before dropping to 2$ and stay there. The coming 2 years after that will be from 2$ slow decline to 5 cents where it will stay for a long time (as long as people keep mining and there's still an exchange for it and if the difficulty doesn't get stuck and the network comes to an halt upon the selloff because in that case it'll be zero immediately).

Some alts will actually survive it.

This will not happen. You must have no clue what is happening at all.

Pecunia non olet

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Activity: 882

Merit: 102

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Quote from: celebreze32 on January 08, 2015, 08:23:40 PM

Quote from: Tzupy on January 08, 2015, 08:14:09 PM

Won't break now, I have a big net there (not really, just kidding). Seriously, market is already in the oversold zone, it can only drop one more time now (and then might linger).

Do you think the bottom's in then and we slowly rise for the next year (apart from a possible last drop)?

we will never rise again because we'll panic right through to 10$ a coin, dead cat bounce to 80$ before dropping to 2$ and stay there. The coming 2 years after that will be from 2$ slow decline to 5 cents where it will stay for a long time (as long as people keep mining and there's still an exchange for it and if the difficulty doesn't get stuck and the network comes to an halt upon the selloff because in that case it'll be zero immediately).

Some alts will actually survive it.

celebreze32

sr. member

Activity: 296

Merit: 250

Quote from: Tzupy on January 08, 2015, 08:14:09 PM

Won't break now, I have a big net there (not really, just kidding). Seriously, market is already in the oversold zone, it can only drop one more time now (and then might linger).

Do you think the bottom's in then and we slowly rise for the next year (apart from a possible last drop)?

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1115

Quote from: Blazin604 on January 08, 2015, 08:14:03 PM

Fuckin relax. It's not going below 250.

Topic: What is the next major support if $266 breaks? (Read 1469 times)