Bitcoin Forum

Considering all things..
Market being taken over by superior altcoins.
Governments banning and regulating bitcoin.
Hack and scam after hack and scam.

Demand has never been so low. On bitstamp a 6k dump brings us instantly to $0! You read that right, the entire order book is 6k btc deep! (sure bring up bitfinex because bitstamp isn't big enoug, fine, you'll get 10k depth..)
From a few simple calculations we did yesterday there are around 200k stolen coins from the past year that have we haven't been able to confirm dumped on the market. That is a potential 200k dump incoming any moment! If one party starts dumping (if there are more, we suspect there is one big party behind most of the big hacks), others will immediately follow in order to not lose their profit, causing even more panic from other regular parties. Miners will call quits at double or single digits, the network stagnates, people panic, value remains $0.

This my friends is the near future of btc.
Get out of the ponzi while you can!

We gonna see sub 0 $ coins!

You have been warned 8)

I'm buying tens of thousands when the price hits -$10, w00t!!!!

While I think your doom posts are a bit more thought out than most, those depth numbers a plain wrong.

Bitstamp
6k dump would only see $195
https://i.imgur.com/q7zKGxC.png

BFX
10k dump would only hit $227
https://i.imgur.com/nrmO7TT.png


I'll take them ALL at -$1. That's $21M in the pocket and ALL the BTC ;)

There has been talk of this epic dump for months.

Doom and gloom is the reason why investors are pouring "countless millions" into Bitcoin related companies, or....
...perhaps Bitcoin is strong and there is a Huge Rally coming?

Op, has the right sense of where its going or headed.

I feel the same way with all the alt coins pump and dump, but theres way too many of these now. We have like 100`s of alt coins, and also again with the non stop scam etc which makes btc less trustable.

My friend who I introduced bitcoin got scammed not long ago, luckily it was too much. But, he told me after grabbing lunch with him, because of that experience he prob just watch bitcoin and explained no point on buying the damn thing.

I almost had an argument with the guy, but I can see why.

Try to put yourself in his shoes...  He doesn't really need bitcoin, unless he wants to buy some and hold it for a while, hoping it will go to the moon. 

What are the "superior" alt coins?

Would have been absolutely laughable for the following article to run on WSJ 1 year ago:

Interest in Bitcoin Grows on Wall Street  (http://blogs.wsj.com/moneybeat/2015/03/29/interest-in-bitcoin-grows-on-wall-street/?KEYWORDS=bitcoin)

Mainstream is finally waking up.

You really believe what they write in the WSJ?  That shit is like entertainment for finance guys.  Most of what they print are laughable and the authors are nothing but talking heads.  And ordinary people like us suck on it like it's the info to have to help us achieve financial indpendence.  LOL

And that's a blog btw...  The writer/s prolly bought some at these levels and are hyping bitcoin, then dump them for easy profit. You know the usual...

I think the superior altcoins he is referring are XPY and LTC :P

Dashcoin? It still relies on bitcoin for a price

By superior, I think he meant tech superiority.  Although there  really are some out there, it is debatable.

This post made me realize how completely bored I have become with this forum.

i would welcome any big dump, since it would provide a huge chance to buy tons of bitcoin(especially for newbies)

any dump that will bring bitcoin in double digit will see a pump that it will return it to triple digit in no time

http://fc04.deviantart.net/fs71/f/2012/261/d/b/this_thread_gave_me_cancer_by_piratesadventure-d5f6o9n.jpg

Another one who's been around since 2010 but still never managed to get rich? smh...

I wonder what would happen if someone put in a $10 million dollar market buy order.  There's about four hundred billionaires in the world who could do that without even noticing the effect on their bottom lines, so it seems more probable than your scenario.  And that doesn't even count the hedge fund managers (hundreds) who could do it with other people's money.

They could make a massive difference but wishful thinking right now

what evidence is there that they are slightly interested with any buy orders ;D

It doesn't take much to cause the price to go up, that's true, the concept remains great and its highly undervalued for that specially on a global economic scale. Problem is people don't care for that, they care for beer and football. Oh yea and many dollars to get that latest big 4d vision TV.
The people are the biggest obstacle to bitcoins success on several levels.


Not much seems to be going on to spread the idea of bitcoin by current bitcoiners either. Possibly because it sounds like a ponzi to most people when you tell them about it.

yeah the problem is that the world is full of people who seemingly love to carry debt.  whether its credit cards, car payments, etc, they dont "own" their posessions.  With btc you have to buy it up front, then use it for expenses.  People dont like that, they want everything and they want it before they can actually pay for it.  This is why there is no demand for btc.

The people will miss out and stampede onboard last when all the greatest gains are already made. This is always the way of things

I agree with this.

I am still leaning to sub $100 but this "EPIC CRASH" has been coming since December.. tomorrow is april.

I'm going to dump all my 6K coins on stamp all the way.
Get ready for sub-zero coins!

I think the lowest we will go is maybe 160-180.  Depends on how many stop losses are triggered.

Tomorrow going to be a big thing for Bitcoin right? I have placed my order please sell your way to $0.

It would be funny if there would be no dump, but a massive pump!

April Foolz!! bitches

It will go sub-0 so put your bids from -$5 to -$15. Desperate sellers will pay you if you accept their plagued coins.
I have a dinner with Mr Buffett tonight and we gonna discuss the final dump of BTC which is just rat poison.

@OP: just so we are on the same page, what is a huge crash to you? Was the last year's correction a crash or not?

As they say, tomorrow never comes.  :)

It is always coming next week  ::)

Lol @ "superior alt coins"


No serious player is investing in alt coins.


Also, people don't realize it but OP is a snake oil manipulator who spreads FUD to minimize the price so he can continue collecting himself 

OK, you don't believe in BTC, please delete your signature.

If you don't believe in BTC, why are you asking for BTC?

Kwukduck. Mining in 2010. Boy have you sunk low.

Awesome!Another devilish prediction by kwukiducki!
Guys get out the white flags!That's it!We are doomed!  ::) ;D :D

Is there where the pump and dumpers come to try and move the market? :)

So many people expect a drop I see, but why not make the price insanly high for a change?

There was a thread named "Let's make the Bitcoin price high!" Yeah! Why not? Let's do it!!!  :D

I just want to point out to you that BitCoin is an altcoin.

And whay is so superior on so mentioned coins? Idon't see anything superior on them at all.

well, altcoins may constitute some part of your portfolio, if you are aware of the underlying risks and you have the stomach to accept them.
Why not?

Litecoin is the only other coin I would consider holding atm.

Well, with my post I did not mean a long-term portfolio, but short-term and more risky exposure.
Holding Litecoin in the long term wouldn't bring you much, just check where the price was one year ago.

Well if bitcoin rallies again it will get pulled up with it.  I have some, but not to much..if it goes back to around $1.20 I will pick up a few more and just hold it to see where it goes.

I would also add on look at the prices of bitcoin 3 years or 2 years ago.

Still in the 200 range, and the only spike where it lifted off like crazy was the obvious mt.gox price manipulation which lead to $1,000.

Some people keep on saying it`ll rise, but I see more less events creating a user base for bitcoin.

Why so pesimistic, use current prices to buy more, dont u know whats comming in just 3 days?

http://9gag.com/gag/aVWg4E8

Judging by previous experiences, the bulls return is foretold to happen on the night of blood moon (ancient hodler proverb),3 days to go..
imho the crash is already over
cheers

Meanwhile in real life important people with important money (aka the opposite of OP, using an obvious bought account to FUD or an obvious idiot that sold all of his BTC stack already)

http://btcfeed.net/wp-content/uploads/2015/03/bitcoinq4141.jpg

Yeah, those are the entreprunuers trying to build the 2nd community for the coin.

Creating services and all that stuff, its great, but most of those investments are just play money from a big whale. Thinking it`ll become the next paypal boat and become rich. They fail to know to honestly ask them self, would they abandon the dollar just use bitcoin.

the answer is already there, most are too blind because they dont face realistic scenarios.

realistic scenario: bitcoin price goes up, due to coinbase a private company now being a IPO and has traditional investors.

But again this chart shows the data projected  for the last bar, i.e., Q4 2014, based on the activity till Nov. 18th, 2014. How reliable is that?
I would love to see the real data for the Q4 2014, as in case of Q3 of 2014 we observed quite a drastic decrease.