5 ms·

The fall is not as quick as the rise. There was a lot of resistance, I wonder where the price will plateau. Does this have anything to do with the futures?

by phoe17 9y ago

cantrip 9y ago
The fall was much quicker than the rise. There was little resistance. No one knows where the price will plateau. This has nothing to do with futures.
- psyc 9y ago
  10k->ATH: ~19 days ATH->10k: ~30 days
  - quotha 9y ago
    10k->ATH: ~ +100% ATH->10k: ~ -50% I think it's going to be very difficult/very long time to see ATH again
    - vthallam 9y ago
      On the contrary I think we will see the ATH again soon. Apparently no one knows what's going to happen, but there's just too much people, money, hash power and ecosystem for this to go bust.
      - cantrip 9y ago
        So "too big to fail" you mean?
        vthallam 9y ago
        I don't think we can call it at the moment. But one more bull run and 50 million more across the world will definitely get Bitcoin there. There's a lot of venture money coming in and new hedge funds popping up.
        xiphias 9y ago
        Actually I think it is too big to fail at this point. A few years ago I was very cautious, but a lot has changed since then, there's a great technological path ahead, and the general sentiment from the people and media is positive, regulations are very friendly compared to what many of us were feared of.
      - psyc 9y ago
        After eyeing BTC charts for the past 6 months, there is virtually no price movement that would surprise me. $30k in a couple of months? Sure. $3k? Why not. However, I will believe the bull run is over only when I see it stay down for those couple of months.
- rjp0008 9y ago
  According to https://charts.bitcoin.com/chart/price https://charts.bitcoin.com/chart/price it first reached today's price on the 6th of December and peaked on the 17th of December. It has now taken an entire month to fall to the 6th of December's price. To say the fall was quicker than the rise is at best cherry picking price point data and at worst an outright lie.
  - cantrip 9y ago
    No argument here. You cherry picked price data and accused me of cherry picking price data.
    - rjp0008 9y ago
      You didn't even have data though... you just made an incorrect statement.
seanalltogether 9y ago
If it's anything like 2013, it'll be a long slow fall to the bottom. Nov 2013 $200 Dec 2013 $1100 Jan 2014 $800 Jan 2015 $200
dontreact 9y ago
The previous large decline in price (where the price dropped by 80 or 90%) had a similar trend.
meritt 9y ago
Given how easy it is to manipulate bitcoin pricing, and the first set of futures expire today, it does seem very coincidental. We'll see if it starts moving upward after CBOE contracts expire today and CME contracts expire on Jan 26th. Tether is busy printing new tokens to try and absorb the selling pressure. $100M on Monday and another $100M yesterday.

The fall is not as quick as the rise. There was a lot of resistance, I wonder where the price will plateau. Does this have anything to do with the futures?

by phoe17 9y ago

The fall is not as quick as the rise. There was a lot of resistance, I wonder where the price will plateau. Does this have anything to do with the futures?

cantrip 9y ago

The fall was much quicker than the rise. There was little resistance. No one knows where the price will plateau. This has nothing to do with futures.

psyc 9y ago
10k->ATH: ~19 days ATH->10k: ~30 days
- quotha 9y ago
  10k->ATH: ~ +100% ATH->10k: ~ -50% I think it's going to be very difficult/very long time to see ATH again
  - vthallam 9y ago
    On the contrary I think we will see the ATH again soon. Apparently no one knows what's going to happen, but there's just too much people, money, hash power and ecosystem for this to go bust.
    - cantrip 9y ago
      So "too big to fail" you mean?
      - vthallam 9y ago
        I don't think we can call it at the moment. But one more bull run and 50 million more across the world will definitely get Bitcoin there. There's a lot of venture money coming in and new hedge funds popping up.
      - xiphias 9y ago
        Actually I think it is too big to fail at this point. A few years ago I was very cautious, but a lot has changed since then, there's a great technological path ahead, and the general sentiment from the people and media is positive, regulations are very friendly compared to what many of us were feared of.
    - psyc 9y ago
      After eyeing BTC charts for the past 6 months, there is virtually no price movement that would surprise me. $30k in a couple of months? Sure. $3k? Why not. However, I will believe the bull run is over only when I see it stay down for those couple of months.
rjp0008 9y ago
According to https://charts.bitcoin.com/chart/price https://charts.bitcoin.com/chart/price it first reached today's price on the 6th of December and peaked on the 17th of December. It has now taken an entire month to fall to the 6th of December's price. To say the fall was quicker than the rise is at best cherry picking price point data and at worst an outright lie.
- cantrip 9y ago
  No argument here. You cherry picked price data and accused me of cherry picking price data.
  - rjp0008 9y ago
    You didn't even have data though... you just made an incorrect statement.

seanalltogether 9y ago

If it's anything like 2013, it'll be a long slow fall to the bottom. Nov 2013 $200 Dec 2013 $1100 Jan 2014 $800 Jan 2015 $200

dontreact 9y ago

The previous large decline in price (where the price dropped by 80 or 90%) had a similar trend.

meritt 9y ago

Given how easy it is to manipulate bitcoin pricing, and the first set of futures expire today, it does seem very coincidental. We'll see if it starts moving upward after CBOE contracts expire today and CME contracts expire on Jan 26th. Tether is busy printing new tokens to try and absorb the selling pressure. $100M on Monday and another $100M yesterday.