You all know it's going to crash? | Bitcointalksearch.org

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: btcjoin14 on August 20, 2015, 11:00:28 AM

those so called Crashes are baby steps and setbacks of Bitcoin.
Don't worry Bitcoin belongs to the trillions.

Most people dont see it that way, people just react to see whats in front of them which is the "now".

Rather then the baby steps, and its already proven that ever since the last huge crash when mt.gox did their manipulation it still recovered to the real price most people feel.

btcjoin14

hero member

Activity: 891

Merit: 500

those so called Crashes are baby steps and setbacks of Bitcoin.
Don't worry Bitcoin belongs to the trillions.

Brewins

legendary

Activity: 1120

Merit: 1000

Quote from: talkbitcoin on August 19, 2015, 11:15:50 PM

so much fear in the market at the moment!!!

be udacious when people are full of fear, that's your only chance of getting huge profits

(everyone know the warren buffet citation about fear and blood)

GotaPauj

full member

Activity: 168

Merit: 100

Quote from: tommorisonwebdesign on August 19, 2015, 05:59:27 PM

I don't think the price of bitcoin is ever going to sink below $200 again. We have seen the price stay above this mark for some time now. As I keep reiterating, bitcoin is a new technology with lots of new potential. Once an innovated application is developed from the blockchain technology, we will see a big change in price.

I think we are tired about the bitcoin price falling so down like these days to 200s, i really like to be in 300s

mrhelpful

legendary

Activity: 1456

Merit: 1002

Quote from: talkbitcoin on August 19, 2015, 11:15:50 PM

so much fear in the market at the moment!!!

just hold despite the market value right now.

i mean if you see it people, most people arent over reacting about it since bitfnex was based on insider activity as people assume.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

so much fear in the market at the moment!!!

mrhelpful

legendary

Activity: 1456

Merit: 1002

Quote from: Brewins on August 19, 2015, 06:18:22 AM

Quote from: talks_cheep on August 18, 2015, 07:32:48 PM

What now, fart?

now wait the bottom and buy for a huge profit

the question then becomes is when is the bottom? lol.

I never really question that there is a real bottom, unless it did hit $2 range for a horrific reason. But its based on the persons choice of really what they feel is cheap then hoping and waiting for it.

tommorisonwebdesign

sr. member

Activity: 448

Merit: 251

I don't think the price of bitcoin is ever going to sink below $200 again. We have seen the price stay above this mark for some time now. As I keep reiterating, bitcoin is a new technology with lots of new potential. Once an innovated application is developed from the blockchain technology, we will see a big change in price.

talks_cheep

legendary

Activity: 1036

Merit: 1000

There's too much Fear, Uncertainty and Doubt in the market right now.

GotaPauj

full member

Activity: 168

Merit: 100

That crash i think nobody wanted to happen, anyway i think is the best time to buy as the bitcoin price is growing a bit.
Meanwhile i read an article in coindesk "Bitcoin's price fell 14% in a period of just 30 minutes following a 'flash crash' on exchange Bitfinex yesterday night."

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

I think Mike Hearn needs to take some heat for this flash crash. Markets hate uncertain times and Bitcoin XT primed the pump for the flash crash at Bitfinex yesterday which was due to margin calls then follow the leader dumping by scared spectators. As long as the possibility of a hard fork is in the news expect volatility.

Borisz

sr. member

Activity: 476

Merit: 251

Quote from: NeuroticFish on August 19, 2015, 06:38:09 AM

Quote from: ravenjt on August 19, 2015, 06:31:01 AM

If it goes below 200 on all the exchanges, I think we are looking at the next big step down to 100-150.

If...
There's still a long way down. There's a big chance that 200$ will still act like a hard-to-pass barrier. It wouldn't be the first time.

"Long way down", dropping from 250 to sub 230 took about an hour. Nevertheless, I'm with you saying that (hopefully) the 200$ barrier is strong.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: ravenjt on August 19, 2015, 06:31:01 AM

If it goes below 200 on all the exchanges, I think we are looking at the next big step down to 100-150.

If...
There's still a long way down. There's a big chance that 200$ will still act like a hard-to-pass barrier. It wouldn't be the first time.

ravenjt

full member

Activity: 215

Merit: 100

If it goes below 200 on all the exchanges, I think we are looking at the next big step down to 100-150. We haven't had a big step down since Jan-Feb, when it went from 330 down to 200. Since then it has been mainly in the 200-300 range.
The lesson from last year is that the big steps down occur when the price goes below the previous low, which in the current case is 200. When the price goes below the previous low, many people panic sell, thinking the end is nigh, and hence the next big step down occurs. The price never really recovers afterwards.
See, for example, the recent high of 320ish. It was still below the previous step level, which was north of 330 (in Dec 2014).

So my prediction is that in the next few days it will go below 200, and then, very rapidly (ie before the end of this month), the next big step down will occur, to USD 100-150 range. There will be much wailing and gnashing of teeth.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: Brewins on August 19, 2015, 06:18:22 AM

Quote from: talks_cheep on August 18, 2015, 07:32:48 PM

What now, fart?

now wait the bottom and buy for a huge profit

easier said than done. we don't know what the bottom is. usually other exchanges follow what bitfinex does, but not this time. bitfinex went below $170 where other exchanges didn't go below $220. that shows that some one or maybe a group was heavily manipulating bitfinex price.

Brewins

legendary

Activity: 1120

Merit: 1000

Quote from: talks_cheep on August 18, 2015, 07:32:48 PM

What now, fart?

now wait the bottom and buy for a huge profit

lissandra

sr. member

Activity: 434

Merit: 250

Quote from: pitham1 on August 18, 2015, 07:48:40 PM

Quote from: ?? on ??

If the massive amount of longs start to get margin called, it's going to get ugly Undecided

It has already started getting ugly. Cry

Down 10% in 24 hrs is not pretty.

If the market reacts to bitfnext constant sell off, then I would assume more would sell.

And then just know they are going to buy back in when its way cheaper to buy.

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: ?? on ??

If the massive amount of longs start to get margin called, it's going to get ugly Undecided

It has already started getting ugly. Cry

Down 10% in 24 hrs is not pretty.

talks_cheep

legendary

Activity: 1036

Merit: 1000

What now, fart?

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: randy8777 on August 18, 2015, 05:51:49 PM

Quote from: g-unit on August 18, 2015, 01:34:01 PM

I believe we could see as low as 200 in the near future due to the XT issue but it will be short lived. I'd be VERY surprised if went down anywhere near 200 honestly.

i think we might see low $200 level as well. it will be a great buying opportunity for sure. the amount of xt nodes is still growing and has now more than 10% coverage.

I only see this with the whole panic with bitcoins date slowly coming to split.

And the fact that we all agree on it to be split would be having on people who use desktop wallets will see a huge difference in delayed time.

Topic: You all know it's going to crash? (Read 7780 times)