Topic: Will bitcoin rise again or it is still crashing??? - page 3. (Read 7692 times)

when bitcoin was at double digits, we imagined what would happen when investors with millions usd would be coming into coins. now we know what happens, the next question is, what will happen when investors with billions usd would be coming into coins. this should happen somewhen in '14-'16 range, margins should be about the same size, different order of magnitude.

this current shitstorm does not matter, only for mid-term speculation. if anything, it shows quite a lot of maturity in the market - only 50% retraction from ATH, solid price supports ignoring the whole dying mtgox situation (remember the last two crashes mtgox was calling all the shots), stable foundation for current services development and future growth.

Every new and upcoming technology will always have setbacks.   I am 100% confident in the growth of bitcoin on a long term scale, but I think in the short term it is going to be a rocky road...   Still opportunities to buy on the dips (and sell on the highs if that is what you want to do).   The astronomical margins are probably gone for the time being however...

Oh it's a possibility alright, but I think that possibility is small if you look at all what's happening around bitcoin. But who knows, a longer term bear market of a year or two is definitely within the realms of possibility if issues keep popping up and the infrastructure isn't growing as well as people thought. Masterluc, by many considered to be the best analyst on this forum, has predicted exactly that and people laughed at him. I personally don't think it will happen, but anyone who simply discounts this as a real possibility is not being realistic. The opposite could also happen however, and bears who discount the possibility that the price will start rallying in the coming months towards crazy new highs are equally foolish.

Yeah, probably right. $200 wouldn't surprise me. Under that would I think. Pre-October 2013 prices don't seem likely, still too much residual interest from speculators.

.

You have to evaluate, the reason that you bought the btc in the first place.   Was it because you wanted to be part of something new?   Did you want to be a participant in a vehicle that has the potential to change the financial world as we know it?   Or were you just hoping to double your money in a few days/weeks/months?  Also you need to evaluate if it could affect your life if the value halved again, or even worse.  

If the value plummeting could adversely affect your life, or make you lose sleep, then maybe selling is the best option for you.   If it was the latter, and you want to be a part of the bigger picture, then definitely hold.   There is definitely still the potential for massive growth, it is just starting to look like it is on a much bigger timetable than most had hoped.  

If you bought only a few btc, and your idea was to  get rich quick, then that idea is pretty much out the window for the time being.   That doesn't mean that you are not going to make long term gains on the investment, however.   Keep in mind that a 10-12% return on a stock market investment is still considered strong.  You can still reap those returns on any given day in the btc market.

LOWER!

And over a much longer time period than the perma-bulls have the patience for, which is why it will be the true final capitulation.

Anyone prepared to call the bottom?
Based on nothing more scientific than a finger in the wind (which is actually quite a lot more scientific than a lot of people on these forums rely on) I'll say $400, Bitstamp.

If the bitcoin price is not what you want it to be...just wait.

Be aware, that the Bitcoin Nutters on this forum have been telling n00bs to buy and hold all the way down from $1200. I see you are getting the same 'advice'.

What to do would depend on what price you bought in at. As I type, the short term charts are very depressed, and perhaps due for a small swing-back up the way, but it will just be a small one and another proper price nose dive is certainly overdue. However, there is the MtGox thing to come yet. Perhaps some 'good news' from Gox will result in a temporary price upswing. It won't fool me into thinking bear market is done but Bitcoin is full to the brim of extremely dumb money, and who is to argue with the masses if they are putting their collective money where their mouths are? If we get an upswing from Gox re-enabling BTC withdrawals (a big fkn IF btw), then that is your chance to liquidise your Bitcoin holdings. If their is a Gox inspired upswing it may be brief as exasperated investors and arbitrage takers look to liquidise their Gox BTC on the likes of Bitstamp immediately.


As bear market deniers like to keep telling everyone. Just because it happened twice before, doesn't necessarily mean it is going to happen in the same way again.

What if Bitcoin at the end of 2014, is only $500? Or even less? What then? And why do you think that this is beyond the realms of all possibility?

Chart says bottom could be around 420 but hodl if you don't want to take counterparty risk by using exchanges.

If I tell you that bitcoin is going to crash to zero will you sell me your bitcoins right now?

Don't be in a hurry for your bitcoins to reach their potential value. Will the whole bitcoin economy be worth more than $8 billion in a few years? Many people who understand the technology think that it, or cryptocurrencies in general, will replace a lot of the current global financial infrastructure eventually, which is worth trillions. Will it be a smooth ride up until then? Definitely not. Will it go a lot lower on the way? Maybe. Take a chance if you're greedy, or just sit tight and hold. These forums are full of people weeping about how they were just about the buy back in at $2, $5, $200, whatever. I sold a few at $100 in July thinking it wouldn't see that high again. If you can afford what you have spent on them then hold on to them, if not, sell the bitcoins you can't afford and stop worrying. In the end it's your choice.

No more triple digits for 2013..... the triple digit myth..... capitulation to below $30..... the Bitcoin bubble has burst....

As Yogi Berra said, it's deja vu all over again. Just add a zero.   

It will crash hard, we won´t see 1000$ any time soon(if ever)

.

I'm not sure that we've hit the floor yet; sub $500 prices may be coming later this month and March. A wise speculator would hodl and buy more, because when price rallies to $5000 later this year, people will be asking themselves, 'why didn't i buy any of those cheap $500-$600 coins??' Sounds crazy now but it will happen.

.

Record breaking ATH soon, you have made a good decision.

If you just recently bought them, you probably don't want to sell at a loss, or barely any gain. Either hold onto them or spend them with someone that will keep pushing the ecosystem forward