Post
Topic
Board Speculation
Re: Serious bitcoin price discussion. Bears only please. How far will it drop?
by
uyo
on 13/12/2013, 00:54:34 UTC
I describe myself as a short term "technical" bear and a long term "fundamental" bull.
I believe a majority of users in the speculation sub-forum fit this profile (atm).

Price wise, I base my bottoms on %50 drops and spread my orders 0 to 20% above (in April I would have bet on 70% drops).
It worked pretty well on the last three significant drops since the 6th ($550, $650 and $800 on stamp).
I'm now 30% fiat and am waiting for the next opportunity.

I give 1% chance to a $200 scenario, 5% to $400, 20% to $500 and a good 60% to $600.
All the reasons have been mentioned already, whether it is TA or FA, it seems to point toward a $700-$900 channel with drops slightly below that.

My piece of advice: don't be too greedy or you will miss the bottom.

Yea, I see it very similarly.