Bitcoin Forum

This proves that there's less demand than supply for bitcoin. Nobody wants to deal with it, miners sell for profit, nobody wants it for any other purpose than speculation. I guess it's time for bears to hibernate with their coins in cold storage for the next 6 months.

Do bears have coins? :o
http://womenoverboard.files.wordpress.com/2011/08/bears-with-money.jpg?w=640

Quite possibly.

Do you have any proof of that?

I agree that a good part are here for profit.

The proliferation of darknet market places would say otherwise.

Wat?

Why would a bear have any bitcoin... I..

I assume ultra bears have none, but moderate bears might have a bit left.

If no one wants deal with Bitcoin, why the trade volume is around 10k Bitcoins on Bitstamp alone, after all we have passed?

Why more and more merchants accepts Bitcoin as payment?

And also there are people that are paid in Bitcoins.

So I guess next time you should put more efford and at least try make an argument that lasts more than two minutes

Maybe he's talking about bulls? Bears will be pleased when the price goes down and most of them won't have coins to begin with. At least not in the current economy! Smart bears will buy as soon as the price does go up, though!

Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new

there is a big explosion every year,
yes, I look forward to it this year

1 in 2011, 0 in 2012, 2 in 2013. My guess would then be 0 in 2014.

3 in 2015?

The market is in a phase of of stagnation and uncertainty and I doubt it will be that way for very much longer.  I think mainly people are just waiting for the dumpers to run out of ammo and the dumpers are waiting so they can rain on the parade that is sure to come as he morning sun.  Same old game just a different day if you ask me.


+1

If that were the case and people only wanted bitcoin for speculation how come so many people are crying out for top companies to accept it and quite a few companies already accepting it. Price drops are not the end of the world and definitely not the end of bitcoin. I do see a rise coming soon, when?...Nobody knows.

It rised from 300 to 700 in one month (Apr this year)
It is ok that it's not moon but it was a high jump

People who sell are by definition bears. It doesn't matter if it's for the short or long term. People sell bitcoin all the time.

Without bears nobody can buy bitcoins.

I need bitcoins. I live in Germany but get paid in dollars to my US bank account. It is insanely difficult to get money from my account to me. Bitcoin has made my life a lot easier. And the more it is used, a lot of people will be able to enjoy the benefits.

That's not true. Bulls sell too just to bank some profits, they think the price is going up but realistic bulls know that there's always a chance they're wrong so they sell some just to hedge against that possibility. It's never wrong to take some profits, bull or bear.

The terms bulls and bears are frequently misused by bitcoiners. It is not a market philosophy, but merely your current stance on the market. Anyone who sells is essentially a bear at that moment.  

False. Sometimes one is forced to cash out some BTC even though they are very aware of the fact that bitcoin is massively undervalued at that moment.

Nobody is forced to do anything, they choose to sell. They are still bears who rather want fiat than btc at that moment.

So let's agree to disagree. You clearly have idealistic understanding of freedom.

edit:
Because I feel so sorry for your ignorance, I am forced to ask a rhetorical question --- does giving away free bitcoins make you a bear?

Sure..


Obviously not, someone who is giving away bitcoins is not selling anything.

False, someone who is giving away bitcoins is selling them at 0$ price. The question is --- if you're doing it OTC, will it make you a bear?

Buying or selling in hope of profit categorizes you as either a bull or bear. Doing it for any other reason requires a more complex debate to determine the trader's agenda. I have sold BTC OTC to a friend for the sake of friendly introduction. My agenda was to spread the word even though I wouldn't have sold into a market. I do not consider myself a bear for that action. Actually it was pretty painful selling because I was 99% sure that the price is much higher the next day and it was.

In chess, there's a notion of sacrifice. A rather mundane player would confuse it with stupidity (bearish in your case) but I believe it's easy to see that such sacrifice can occur to serve a polar ambition.

Agreed on that the terms 'bull' and 'bear' do not fully capture the nuances of bitcoin traders' agenda. However, since the vast majority of bitcoin trading consists of mere speculation, it's easy to assume that most who are selling are bona fide bears who think their fiat will probably be worth more in the near future than bitcoin. Hence, all the high volume bear traps we have seen over the years.

GABI is a joke.

Is it even properly open yet?

guess they failed to raise funds, let alone $200 million dollars target

Really? I can't seem to find a decent summary of the whole thing... What's actually the deal with the whole thing now? Can we call it 'failed' already or have the targets been too high? Maybe people also are waiting for the 'real deal' - COIN

they could also short bitcoin with their limited fund, lets see if we will have more dumps on monday

I still don't really understand why they would want to short Bitcoin, at least not for an extended amount of time! Wouldn't it be more profitable for them to let the price grow afterwards? IN that case, we will go up eventually!

they promised a good return to their investors it's either up or down has to be something
however the recent dead cat bounce we have is going to finish, so i think they are more likely to short

Surely if it WAS only being used for speculation, then GABI would be doing quite well. Speculation is generally the whole point of an investment fund.

Price goes up all the time at the end of the day, when you look at the 10 year graph in 5 years it will be useless to worry about this.

all I know is, we shall see at least one rally before the next block reward halving

And the only people surprised by this are the bull-tards in here. I'm not sure why they believe that investors were lining up to give their money to GABI to invest for them, when anyone has had the opportunity for years to invest in bitcoin if they wanted. It's more of that "magical thinking" that people here are so fond of.

agreed