ChartArt
Short

Bitcoin price doom analysis - Why Bitcoin might crash to $333

BITSTAMP:BTCUSD   Bitcoin / Dollar
Huge risk that Bitcoin falls much lower than $450.

Here is the past value increase trading range and resulting future value decrease possibility in this Bitcoin price channel .

Look at the "related ideas" to find more bearish ideas in my previous charts, especially this one:
The real reason Bitcoin is doomed in Summer 2014
At this point I am going to say that we are now in a mid term bera trend. The trend has been defined and would need to be broken. There is a big possibility that we flash crash.

Well, I'll see what I can do, but got some work to do first.
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MarvinMartian ItisCalvin
If you mean flash crash, as in HFT flash crash, where are you expecting the triggers to be? Do you think there are large amount of bots going to trigger, or a few bots with a lot of volume?

I'm concerned about 200%ers. Those that are in at around $200/BTC or less, wanting to keep at least 2x, so selling off a LOT of volume.

Then, and I love to point this out... http://en.wikipedia.org/wiki/Pilot-induced_oscillation that killed a lot of pilots in the early days transition away from stick/wire/rudder to stick/control surface, mediated by some logic circuit. We will have wetware (people) starting the panic phase upon the backs of the software (bots) triggering out of the market.

I only have play coins left. Anyone doing investing should be out now too... ready for a consolidation at new support.

What should I mine and hold while it's gathering itself? Can't keep these idle.
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ChartArt MarvinMartian
You can invest your play coins in Ethereum and wait until Q4 2014 to Q1 2014 when Ethereum is released.
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ChartArt ChartArt
... I mean Q1 2015
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I'm curious to see how that plays out, but I think they will have lost a lot of market interest/inertia by then. And even though a coin might be able to shake off the shackles of being tied to BTC, the two things against that, entry/exit points for the altcoin and overall consumer sentiment of crypto in the face of what may be a mass exodus of "capital" here shortly.
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--- Update 1 month later - October 1st, 2014 ---

Down we go. Later than in my forecast (pink price bars), but still...

snapshot
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Where's the bottom? My wallet is getting sea-sickness from this roller coaster =)
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ChartArt MarvinMartian
Let's hope that we find a bottom soon around $360
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--- Update - two months later - November 1st, 2014 ---

Slowly stabilizing, with the risk of more down movement:

snapshot
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looking like a superb call. price is looking to hug the lower rising trend line. will be interesting to see what occurs after the first few months of 2015.
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