Post
Topic
Board Marketplace (India)
Re: Buy Buy Buy Bitcoins Touched near 4 months low
by
FanOfBtc
on 20/09/2014, 04:42:33 UTC

My analysis why Bitcoin Price went so low are as follows

1. Short Selling because of Margin trading "BTC-E" Etc.
2. Lack of Circuit Breakers in the exchanges (prevents price go too high or too low in intraday trading)
3. Lack of support from the Banks for Bitcoin Startups
4. May be excess Bitcoins production due to cloud mining
5. Last but not least majority of Bitcoin Traders are inexperienced (panic traders) rather professional

I found a strong "Support" around $400
It can not be broke that easy

Even for short selling there will be a buy price otherwise it can not be done,
Liquidators wont allow that easy to quote below the price what they can afford
When we watch carefully we can make out that strong "Support" near $400

If you can afford, if it is just OK to buy 5 to 10 Bitcoins Just Buy Buy
For sure Bitcoin price will go back to $500 without any doubt

This is the right time !

Good Luck Bitcoin Lovers