Bitcoin Forum

Economy => Speculation => Topic started by: RockHound on October 03, 2014, 02:13:07 PM



Title: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 03, 2014, 02:13:07 PM
My order this week just got fully filled :D

Is this to do with Russia Ban 2.0? http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use (http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use)
Bitcoin Core developer Peter Todd new BTC protocol upgrade? https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/ (https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/)
Cyberattack Compromises 76Mil JPMorgan Accounts https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/ (https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/)


 Don't know these days but anyway - Who thinks we are heading lower this weekend?


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 03, 2014, 02:32:13 PM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong



Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: ravenjt on October 03, 2014, 02:36:17 PM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong



What's your reasoning? Do you think that there is a lot of pent up demand in the 300-360 range? Not clear that's the case, to me at least.
What else would support 300+?


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: mano21 on October 03, 2014, 02:40:39 PM
I think we will test 300 for a long time.


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 03, 2014, 03:00:18 PM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong



What's your reasoning? Do you think that there is a lot of pent up demand in the 300-360 range? Not clear that's the case, to me at least.
What else would support 300+?


Hi brother - yeah, it's just based on previous rebounds that occurred this year (25th Feb; 11 Apr; 20th May; 18th Aug)

It's just that I wouldn't be surprised if we were to rebound in a similar fashion as the other times at this level, would you?

Stability around Sub $300 prices like in Oct 2013 seems extremely unlikely as significant volume would have to leave the market.
Let's say the BPI is @ $275; the marketcap would be at around 3.6Bil.
It's currently at around 5Bil, so 1.4Bil would have to leave the market.

It could happen, but I don't think my fellow traders who have set limit orders to buy @ $275 range will get picked up


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 03, 2014, 03:03:54 PM
I think we will test 300 for a long time.

Hey man - Yeah, I mean has been definitely following an apparent down-trend for sure.

I still think several large volume transactions will be arranged shortly to increase BPI ~$500, but I could be wrong.

Hope you get picked up around your $300 range mate  8)


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: MatTheCat on October 03, 2014, 08:53:35 PM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong


We have trickled down to sub $400 without any deluge of panic selling.

What do you think the end result might be when panicked fingers do start pulling the trigger?

Fresh capital isn't coming to Bitcoin, quite the opposite. The only investors waiting with baited breath for a trend reversal and a break out are all the bagholders looking to claw back some of their lost wealth.

Bitcoin is ultimately going low. Real low. Where it will stay for a long time allowing for an adoption network to grow, where Bitcoin can be used as a means of payment, as opposed to as a speculative investment vehicle, that is if a $100 range or double figure Bitcoin value doesn't indeed kill it due to the high costs of mining and hence keeping the p2p network operational.

The full volume of hot air that has went into the Bitcoin balloon has deflate out of Bitcoin before it can be used for the purpose it was meant to be used for.

Seriously, forget about Bitcoin as an investment for the time being. I have, and thank fuck that I did finally fold my hand back in June and leave the table. Thousands of others have also done the same and as the liquidity in the market continues to shrink, the probability of losing will continue to increase.


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 03, 2014, 11:11:45 PM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong


We have trickled down to sub $400 without any deluge of panic selling.

What do you think the end result might be when panicked fingers do start pulling the trigger?

Fresh capital isn't coming to Bitcoin, quite the opposite. The only investors waiting with baited breath for a trend reversal and a break out are all the bagholders looking to claw back some of their lost wealth.

Bitcoin is ultimately going low. Real low. Where it will stay for a long time allowing for an adoption network to grow, where Bitcoin can be used as a means of payment, as opposed to as a speculative investment vehicle, that is if a $100 range or double figure Bitcoin value doesn't indeed kill it due to the high costs of mining and hence keeping the p2p network operational.

The full volume of hot air that has went into the Bitcoin balloon has deflate out of Bitcoin before it can be used for the purpose it was meant to be used for.

Seriously, forget about Bitcoin as an investment for the time being. I have, and thank fuck that I did finally fold my hand back in June and leave the table. Thousands of others have also done the same and as the liquidity in the market continues to shrink, the probability of losing will continue to increase.


Hey brother Mat!  How are you doing mate - it's been ages, what a ride it has been.

Your right dude, the last time we spoke you helped us out with allocating my Superannuation in BTC - picking up a tidy sum @ $480.

Been working like a demon day and night, retailing ~50% of holdings on Localbitcoins as a pro trader - That original 50% of holdings is now ~89% - respectfully profitable. If not for my retail margin and moving money overseas I'd be hurting hard right now.

Always had the mind set that if gonna take the plunge investing hard in BTC, gotta have a way of increasing holdings to negate the price index volatility.

I'm sorry you've liquidated back to fiat brother for now, at least you took part in this experiment - guess we'll have to wait and see what BTC's fate will be. I'm still perhaps a little naive and think BTC's price will be over $5000 in a relatively short amount of time - could be dreaming tho :D


You made some good points about liquidity problem, but my friends and this guy thinks the index is ultimately governed by the Consensus Algorithm at the moment and that a new algorithm should/will be refined by Bitcoin Core Developer community - Have you seen this? :

http://www.youtube.com/watch?v=_-TLA3j-ic4 (http://www.youtube.com/watch?v=_-TLA3j-ic4)







Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: exocytosis on October 03, 2014, 11:14:16 PM
Who thinks we are heading lower this weekend?

We're heading much, much lower.


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: bigasic on October 03, 2014, 11:16:11 PM
I think sub 300 is not only possible but probable. once we hit sub 360, in my opinion that means there is no end to this madness. come on whales, stop it! just put in a few million to get the ball rolling, this price cant be good for you guys either...ehh, who really cares. I care what the price will be in 10 years. if it goes any lower, Ill have to find some fiat to purchase, because this price is a good deal...

Who was the guy that was bragging that he was buying a ton at the 400 mark because he inherited some money? well, look at it now, if its a deal then, its a hell of a deal now, lol.. Its time to buy..


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 04, 2014, 12:33:39 AM
Who thinks we are heading lower this weekend?

We're heading much, much lower.

Right on man - seems like it's going further $353.75 is lowest so far - might be some more dump action tonight


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 04, 2014, 12:54:38 AM
I think sub 300 is not only possible but probable. once we hit sub 360, in my opinion that means there is no end to this madness. come on whales, stop it! just put in a few million to get the ball rolling, this price cant be good for you guys either...ehh, who really cares. I care what the price will be in 10 years. if it goes any lower, Ill have to find some fiat to purchase, because this price is a good deal...

Who was the guy that was bragging that he was buying a ton at the 400 mark because he inherited some money? well, look at it now, if its a deal then, its a hell of a deal now, lol.. Its time to buy..

Yeah true mate - I think this is a great time to buy, we might see sub $300, I would be properly surprised if we do


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: inca on October 04, 2014, 01:57:29 AM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong


We have trickled down to sub $400 without any deluge of panic selling.

What do you think the end result might be when panicked fingers do start pulling the trigger?

Fresh capital isn't coming to Bitcoin, quite the opposite. The only investors waiting with baited breath for a trend reversal and a break out are all the bagholders looking to claw back some of their lost wealth.

Bitcoin is ultimately going low. Real low. Where it will stay for a long time allowing for an adoption network to grow, where Bitcoin can be used as a means of payment, as opposed to as a speculative investment vehicle, that is if a $100 range or double figure Bitcoin value doesn't indeed kill it due to the high costs of mining and hence keeping the p2p network operational.

The full volume of hot air that has went into the Bitcoin balloon has deflate out of Bitcoin before it can be used for the purpose it was meant to be used for.

Seriously, forget about Bitcoin as an investment for the time being. I have, and thank fuck that I did finally fold my hand back in June and leave the table. Thousands of others have also done the same and as the liquidity in the market continues to shrink, the probability of losing will continue to increase.

I think what you actually did was buy high and sell low, and more than once.


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: MatTheCat on October 04, 2014, 03:06:05 AM
I think what you actually did was buy high and sell low, and more than once.

My last shit trade was to buy at $620, and sell at $535, and that was despite imploring a friend of mind, who with borrowed money invested £5000 on bitcoin at $640, to cut his losses at $620, $590, etc. I don't know what came across me to go against what I preached....ah yes I do, the same old impulsive rush of blood to the head that makes me a shit trader.

Not good. But better than holding 15 Bitcoin worth $350 a punt today, innit!?

The funny thing is, I made all the lionshare of my profits trading Bitcoin when I never had a clue even what a MACD was. Basically from late Nov, whilst also timing a couple of flash crashes brilliantly. But since then, we have had a brutal bear market, which necessarily entails liquidity leaving the market which necessarily entails fewer and fewer winners.

Bitcoin right about now is not be touched.

U honestly think that this sucker aint going right down into $200 range and possibly even below that?

We aint even seen any panic selling yet....just wait till that kicks in.


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: inca on October 04, 2014, 03:43:08 AM
I think what you actually did was buy high and sell low, and more than once.

My last shit trade was to buy at $620, and sell at $535, and that was despite imploring a friend of mind, who with borrowed money invested £5000 on bitcoin at $640, to cut his losses at $620, $590, etc. I don't know what came across me to go against what I preached....ah yes I do, the same old impulsive rush of blood to the head that makes me a shit trader.

Not good. But better than holding 15 Bitcoin worth $350 a punt today, innit!?

The funny thing is, I made all the lionshare of my profits trading Bitcoin when I never had a clue even what a MACD was. Basically from late Nov, whilst also timing a couple of flash crashes brilliantly. But since then, we have had a brutal bear market, which necessarily entails liquidity leaving the market which necessarily entails fewer and fewer winners.

Bitcoin right about now is not be touched.

U honestly think that this sucker aint going right down into $200 range and possibly even below that?

We aint even seen any panic selling yet....just wait till that kicks in.

I have no idea where the selling ends. I do know that the newsflow and infrastructure etc throughout the year after gox has been overwhelmingly positive and it is difficult to relate the exchange price to progress in the bitcoin economy in general this year. A bear market after a 100x superbubble isn't a surprise. If we break below 266 I will be surprised and a bit disappointed.

My personal view is that the bear market is being exaggerated by some big players who want to get in as cheaply as possible. If that is the case then there is a limit to how low they will suppress the market if they hope to find new bitcoiners to buy the market back up next year without damaging future user adoption significantly. A crash into the low 2xx or 1xx would signal the end of bitcoin as a rising global internet payments currency and payment network. It requires a substantial market cap to make it worthwhile for companies like Dell, overstock, newegg, paypal from using it for customers. I believe silicon valley has become involved due to the global potential of bitcoin going forward. Why else would a 100 billion dollar company like dell implement a payment system that only between 300,000 and 2 million people use globally, especially one with associations to the dark web and cyber crime? The amount of money dell will gain through implementing bitcoin this year is beyond trivial.

I also don't believe that increased merchant adoption is driving the price declines. Miners may add a small amount of sell pressure but it is speculators who are exaggerating the moves. Panic selling? The overwhelming majority of people who were weak hands are out already. We are over 70% down from the ATH. Anyone left is a true believer.

The price could trickle lower, sure. But the market will turn, shorts will burn, trolls will evaporate and a wall of worry bull market will arise. The on ramps have been simpletonified for future users (circle) and bitcoin will be sold as a digital commodity to stock investors via the ETF. I cannot imagine wall street missing out on the immense bubble opportunities bitcoin represents going forward.

COI: purely my opinion!


Title: Re: $353.75 Just hit on Bstamp Sat 01:00GMT 04/10/14
Post by: Sevvero on October 04, 2014, 12:12:43 PM
$345


Title: Re: $353.75 Just hit on Bstamp Sat 01:00GMT 04/10/14
Post by: RockHound on October 04, 2014, 01:40:41 PM
$345

Cheers for update, I just woke up, loads of people want to buy BTC off me very early this morning - they should have waited? : )

I'm still gonna be shocked if we spend significant time around the sub $300 zone (but admit we're pretty close now)


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 04, 2014, 01:53:59 PM
I think what you actually did was buy high and sell low, and more than once.

My last shit trade was to buy at $620, and sell at $535, and that was despite imploring a friend of mind, who with borrowed money invested £5000 on bitcoin at $640, to cut his losses at $620, $590, etc. I don't know what came across me to go against what I preached....ah yes I do, the same old impulsive rush of blood to the head that makes me a shit trader.

Not good. But better than holding 15 Bitcoin worth $350 a punt today, innit!?

The funny thing is, I made all the lionshare of my profits trading Bitcoin when I never had a clue even what a MACD was. Basically from late Nov, whilst also timing a couple of flash crashes brilliantly. But since then, we have had a brutal bear market, which necessarily entails liquidity leaving the market which necessarily entails fewer and fewer winners.

Bitcoin right about now is not be touched.

U honestly think that this sucker aint going right down into $200 range and possibly even below that?

We aint even seen any panic selling yet....just wait till that kicks in.

Good man Mat! Always honest - thanks for that

Your right many thousand of people in same boat - even though I have made much more BTC by retailing I'm nowhere near where I want to be and still hoping for stability around the $700+

MTC might be back again one day, if right, coming in around the double-digit range


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 04, 2014, 01:57:43 PM
I think what you actually did was buy high and sell low, and more than once.

My last shit trade was to buy at $620, and sell at $535, and that was despite imploring a friend of mind, who with borrowed money invested £5000 on bitcoin at $640, to cut his losses at $620, $590, etc. I don't know what came across me to go against what I preached....ah yes I do, the same old impulsive rush of blood to the head that makes me a shit trader.

Not good. But better than holding 15 Bitcoin worth $350 a punt today, innit!?

The funny thing is, I made all the lionshare of my profits trading Bitcoin when I never had a clue even what a MACD was. Basically from late Nov, whilst also timing a couple of flash crashes brilliantly. But since then, we have had a brutal bear market, which necessarily entails liquidity leaving the market which necessarily entails fewer and fewer winners.

Bitcoin right about now is not be touched.

U honestly think that this sucker aint going right down into $200 range and possibly even below that?

We aint even seen any panic selling yet....just wait till that kicks in.

I have no idea where the selling ends. I do know that the newsflow and infrastructure etc throughout the year after gox has been overwhelmingly positive and it is difficult to relate the exchange price to progress in the bitcoin economy in general this year. A bear market after a 100x superbubble isn't a surprise. If we break below 266 I will be surprised and a bit disappointed.

My personal view is that the bear market is being exaggerated by some big players who want to get in as cheaply as possible. If that is the case then there is a limit to how low they will suppress the market if they hope to find new bitcoiners to buy the market back up next year without damaging future user adoption significantly. A crash into the low 2xx or 1xx would signal the end of bitcoin as a rising global internet payments currency and payment network. It requires a substantial market cap to make it worthwhile for companies like Dell, overstock, newegg, paypal from using it for customers. I believe silicon valley has become involved due to the global potential of bitcoin going forward. Why else would a 100 billion dollar company like dell implement a payment system that only between 300,000 and 2 million people use globally, especially one with associations to the dark web and cyber crime? The amount of money dell will gain through implementing bitcoin this year is beyond trivial.

I also don't believe that increased merchant adoption is driving the price declines. Miners may add a small amount of sell pressure but it is speculators who are exaggerating the moves. Panic selling? The overwhelming majority of people who were weak hands are out already. We are over 70% down from the ATH. Anyone left is a true believer.

The price could trickle lower, sure. But the market will turn, shorts will burn, trolls will evaporate and a wall of worry bull market will arise. The on ramps have been simpletonified for future users (circle) and bitcoin will be sold as a digital commodity to stock investors via the ETF. I cannot imagine wall street missing out on the immense bubble opportunities bitcoin represents going forward.

COI: purely my opinion!


I don't think merchant adoption is contributing to the price profile - I think it's more to do with mining. Here again is a video explaining:

It's from two weeks ago, and the guy has offered a small bounty for integration suggestions http://www.youtube.com/watch?v=_-TLA3j-ic4 (http://www.youtube.com/watch?v=_-TLA3j-ic4)


Title: Re: $345.57 Just hit on Bstamp Sat 12:30GMT 04/10/14
Post by: lophie on October 04, 2014, 01:59:37 PM
329 at btce.......


Title: Re: $345.57 Just hit on Bstamp Sat 12:30GMT 04/10/14
Post by: im0rtel on October 04, 2014, 02:00:41 PM
328 now.... 300 by midnight tonight?


Title: Re: $345.57 Just hit on Bstamp Sat 12:30GMT 04/10/14
Post by: RockHound on October 04, 2014, 02:14:00 PM
328 now.... 300 by midnight tonight?

Nice one son - Do it!!!

Have always paid a premium to Bitstamp when BTC-e is consistently cheaper - (horror stories put me off trading with them)

But if your account is all good - get your Limit Order in

What price on BTC-e are you going for?  8)   $302.31 ?     $308.22 ?   $297.09  ?


For myself stuck at Bitstamp prices, I still think we're nearish the floor, expecting somekind of rally in 3-5 days time


Title: Re: $345.57 Just hit on Bstamp Sat 12:30GMT 04/10/14
Post by: RockHound on October 04, 2014, 02:19:55 PM
329 at btce.......

cheers for the up!

sub $300 possibility on BTC-e - if it falls to $320 range on Bitstamp, for sure


Title: Re: $345.57 Just hit on Bstamp Sat 12:30GMT 04/10/14
Post by: Seketsuna on October 04, 2014, 02:20:51 PM
i think its safe to buy at the $300 range


Title: Re: $345.57 Just hit on Bstamp Sat 12:30GMT 04/10/14
Post by: RockHound on October 04, 2014, 03:23:44 PM
i think its safe to buy at the $300 range

Seems to be a lot of support from Bitcoiners on here for the $300 range.

As discussed before between all the Exchanges, so ($285-$315) would be a great price to set a Limit Order, I'd be cool with that

(obvs $285 if on BTC-e and around $315 on Bitstamp)


Title: Re: $345.57 Just hit on Bstamp Sat 12:30GMT 04/10/14
Post by: RockHound on October 04, 2014, 04:04:05 PM
Some volume has just dumped, we are now at $340

edit: the current dump is still in effect!! $335.23


Title: Re: $335.23 Just hit on Bstamp Sat 17:26 GMT 04/10/14
Post by: Xiaoxiao on October 04, 2014, 04:34:28 PM
330 now... need my coins at exchange fast before this thing hits below 300... wow.  only 1 confirmation... lol need 6 ... by that time it might be too late.


Title: Re: $335.23 Just hit on Bstamp Sat 17:26 GMT 04/10/14
Post by: Xiaoxiao on October 04, 2014, 04:38:05 PM
come on come on come on come on blockchain... its in the 320s now


Title: Re: $335.23 Just hit on Bstamp Sat 17:26 GMT 04/10/14
Post by: robinwilliams on October 04, 2014, 04:40:10 PM
wow lol ... so when u guys gonna back the truck up, take out a mortgage on the house, etc etc for the tulip bulbs??


Title: Re: $335.23 Just hit on Bstamp Sat 17:26 GMT 04/10/14
Post by: RockHound on October 04, 2014, 04:42:51 PM
come on come on come on come on blockchain... its in the 320s now

it's getting there brother...


Title: Re: $335.23 Just hit on Bstamp Sat 17:26 GMT 04/10/14
Post by: Xiaoxiao on October 04, 2014, 04:44:01 PM
wow lol ... so when u guys gonna back the truck up, take out a mortgage on the house, etc etc for the tulip bulbs??

pretty sure jimbotoronto sold his kidneys for litecoins last december.


Title: Re: $335.23 Just hit on Bstamp Sat 17:26 GMT 04/10/14
Post by: RockHound on October 04, 2014, 04:48:45 PM
wow lol ... so when u guys gonna back the truck up, take out a mortgage on the house, etc etc for the tulip bulbs??

Valid point! Cheers,  You and Mat could be right not against the protocol, but about the Price Index - We could have participated in a failed/failing experiment.

I am still keeping the faith thought - aggressive rebound me thinks a comin'

 :-*


Title: Re: $325.67 Just hit on Bstamp Sat 17:33 GMT 04/10/14
Post by: redhawk979 on October 04, 2014, 05:03:10 PM
http://s1.dlnws.com/files/BeanieBabiesPriceTrend.jpg


Title: Re: $325.67 Just hit on Bstamp Sat 17:33 GMT 04/10/14
Post by: Xiaoxiao on October 04, 2014, 05:06:46 PM
lol at the pitiful dead cat bounce.


Title: Re: $325.67 Just hit on Bstamp Sat 17:33 GMT 04/10/14
Post by: williamevanl on October 04, 2014, 05:08:24 PM
Lol, love the beanie baby chart! :)


Title: Re: $325.67 Just hit on Bstamp Sat 17:33 GMT 04/10/14
Post by: RockHound on October 04, 2014, 05:10:24 PM
lol at the pitiful dead cat bounce.

Yeah brother, got no guts yet (?)

If it bounces to $400 range next couple Hrs, you'll have my attention


Title: Re: $325.67 Just hit on Bstamp Sat 17:33 GMT 04/10/14
Post by: RockHound on October 04, 2014, 05:13:16 PM
Lol, love the beanie baby chart! :)


Me too - lol

but seriously - anyone else still holding their Beanie Babies, reckon their gonna boom in 2017 (you heard it here first)


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: mmortal03 on October 04, 2014, 06:25:50 PM

I don't think merchant adoption is contributing to the price profile - I think it's more to do with mining. Here again is a video explaining:

It's from two weeks ago, and the guy has offered a small bounty for integration suggestions http://www.youtube.com/watch?v=_-TLA3j-ic4 (http://www.youtube.com/watch?v=_-TLA3j-ic4)

DPOS isn't going to be integrated into Bitcoin. Anyway, in the long run, the inflation rate will subside. See here: https://bitcointalk.org/index.php?topic=130619.0

And, currently, it isn't the inflation rate so much as it is speculators causing the volatility. There is much more volume than there are new coins being mined and sold.


Title: Re: $325.67 Just hit on Bstamp Sat 17:33 GMT 04/10/14
Post by: sgbett on October 04, 2014, 06:59:17 PM
My order this week just got fully filled :D

Is this to do with Russia Ban 2.0? http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use (http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use)
Bitcoin Core developer Peter Todd new BTC protocol upgrade? https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/ (https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/)
Cyberattack Compromises 76Mil JPMorgan Accounts https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/ (https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/)


 Don't know these days but anyway - Who thinks we are heading lower this weekend?

bah mine was at $323.36 :)


Title: Re: $325.67 Just hit on Bstamp Sat 17:33 GMT 04/10/14
Post by: RockHound on October 04, 2014, 08:06:38 PM
My order this week just got fully filled :D

Is this to do with Russia Ban 2.0? http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use (http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use)
Bitcoin Core developer Peter Todd new BTC protocol upgrade? https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/ (https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/)
Cyberattack Compromises 76Mil JPMorgan Accounts https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/ (https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/)


 Don't know these days but anyway - Who thinks we are heading lower this weekend?

bah mine was at $323.36 :)

haha good man! great time to pick up some more - congrats

Seems like we're being tested again on Bstamp, just hit $322.04


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 04, 2014, 08:15:19 PM

I don't think merchant adoption is contributing to the price profile - I think it's more to do with mining. Here again is a video explaining:

It's from two weeks ago, and the guy has offered a small bounty for integration suggestions http://www.youtube.com/watch?v=_-TLA3j-ic4 (http://www.youtube.com/watch?v=_-TLA3j-ic4)

DPOS isn't going to be integrated into Bitcoin. Anyway, in the long run, the inflation rate will subside. See here: https://bitcointalk.org/index.php?topic=130619.0

And, currently, it isn't the inflation rate so much as it is speculators causing the volatility. There is much more volume than there are new coins being mined and sold.

Thanks for the link to post man!

Yeah good points - I don't think a hybrid DPOS is the way to go either nor will it get integrated to Bitcoin - here's a response video my mate made after getting lots of feedback:

http://www.youtube.com/watch?v=uo979iaLvEs




Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: zimmah on October 04, 2014, 09:26:37 PM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong



I said about the same back when it was $640 or so, that it would never see sub-600 again, but look where we are now.

Sure, eventually we will have to rise. What comes down must go up. But before that, anything can happen.

Theoretically bitcoin can still fail  but after what bitcoin has been through, and it survived all that, I don't think we'll see it die off. Especially not since all these large corporations started getting involved.

So, just wait for it, and eventually we will see new highs, much higher than the previous ATH, and most likely higher than anyone would have guessed. When and how high exactly, and what lows we will see before that, well who knows. It's hard to say with bitcoin, that's the only thing you can be sure of.

Bitcoin is unpredictable. Buy and hold seems to be the best strategy if you want to secure your future wealth.


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: sgbett on October 04, 2014, 09:29:06 PM
My order this week just got fully filled :D

Is this to do with Russia Ban 2.0? http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use (http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use)
Bitcoin Core developer Peter Todd new BTC protocol upgrade? https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/ (https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/)
Cyberattack Compromises 76Mil JPMorgan Accounts https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/ (https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/)


 Don't know these days but anyway - Who thinks we are heading lower this weekend?

bah mine was at $323.36 :)

haha good man! great time to pick up some more - congrats

Seems like we're being tested again on Bstamp, just hit $322.04

That's the badger! That was my lowest order from this batch of cash. Another month before I can put anymore in so lets see what happens!


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: RockHound on October 04, 2014, 09:37:31 PM
My order this week just got fully filled :D

Is this to do with Russia Ban 2.0? http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use (http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use)
Bitcoin Core developer Peter Todd new BTC protocol upgrade? https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/ (https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/)
Cyberattack Compromises 76Mil JPMorgan Accounts https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/ (https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/)


 Don't know these days but anyway - Who thinks we are heading lower this weekend?

bah mine was at $323.36 :)

haha good man! great time to pick up some more - congrats

Seems like we're being tested again on Bstamp, just hit $322.04

That's the badger! That was my lowest order from this batch of cash. Another month before I can put anymore in so lets see what happens!

Safe - hope it's gonna be a great month for you brother ; )   - suspect it'll start creeping up soon  (!???!)


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: jjacob on October 05, 2014, 02:13:29 AM
Don't additional coins get dumped by miners every Monday morning?
Wonder where that will lead to...


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: sgbett on October 05, 2014, 10:05:26 AM
Don't additional coins get dumped by miners every Monday morning?
Wonder where that will lead to...

lolwut. understand mining much?


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: srgkrgkj on October 05, 2014, 10:10:41 AM
Ud better update this : 316.0$


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: the_poet on October 05, 2014, 10:39:47 AM
Currently at $310


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: marvinrouge on October 05, 2014, 10:43:54 AM
...and still digging


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: the_poet on October 05, 2014, 10:45:26 AM
301!


Title: Re: $322.04 Just hit on Bstamp Sat 21:08 GMT 04/10/14
Post by: RockHound on October 05, 2014, 11:52:14 AM
301!

Wow - no way, it's happening - cheers for the update bro

Well lots of us agreed the $300 range would be an excellent buy-in opportunity and we are effectively here now.

Suspect we wont stay in this range for long - Who thinks we are still going lower?


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: RockHound on October 05, 2014, 12:12:19 PM
Been on forums there's a lot of us Localbitcoins sellers that are guessing the price will go to the $250 then back up to $500 - funny because this seems to be what most Sellers that posted think.


I disagree somewhat (Could be totally wrong but, I feel we are at/near short-term floor) I think we will start rebounding sharply over next few days.

It's part of my business to buy more BTC every 2/3 days - So will be buying some tomorrow (think I 've now missed the $301 optimal price)


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: uhoh on October 05, 2014, 12:17:43 PM


What comes down must go up.



Never heard that expression, that only ever happened for those Chilean miners..


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 05, 2014, 12:48:25 PM


What comes down must go up.



Never heard that expression, that only ever happened for those Chilean miners..

and we can't call in Layne Drilling this time


uhoh - what are your thoughts on how the market will move beginning of the week?


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: lophie on October 05, 2014, 12:55:05 PM
2 dollars between stamp and btce..........


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: trader001 on October 05, 2014, 12:57:45 PM
My order this week just got fully filled :D

Is this to do with Russia Ban 2.0? http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use (http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use)
Bitcoin Core developer Peter Todd new BTC protocol upgrade? https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/ (https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/)
Cyberattack Compromises 76Mil JPMorgan Accounts https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/ (https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/)


 Don't know these days but anyway - Who thinks we are heading lower this weekend?

I will jump in if the price get lower than $200.


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: RockHound on October 05, 2014, 12:58:50 PM
2 dollars between stamp and btce..........

Good spot - seems small spread every time significant volume dumped.

Spread on Stamp:Huobi $7


Do you think the short-term floor is in now mate?


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: MelodyRowell on October 05, 2014, 12:59:42 PM
nice buy on $301... I missed the low...


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: uhoh on October 05, 2014, 01:01:59 PM


What comes down must go up.



Never heard that expression, that only ever happened for those Chilean miners..

and we can't call in Layne Drilling this time


uhoh - what are your thoughts on how the market will move beginning of the week?

Absolutely no idea to be honest. I can see this touching the previous ATH @ 266, but I'm enjoying the ride (it's much better than watching sideways movement). My average price is way off and I've seen this happen 3 times before, there's no reason to sell now if I didn't sell last time(s).

What's your prediction?


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: RockHound on October 05, 2014, 01:03:13 PM
My order this week just got fully filled :D

Is this to do with Russia Ban 2.0? http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use (http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use)
Bitcoin Core developer Peter Todd new BTC protocol upgrade? https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/ (https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/)
Cyberattack Compromises 76Mil JPMorgan Accounts https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/ (https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/)


 Don't know these days but anyway - Who thinks we are heading lower this weekend?

I will jump in if the price get lower than $200.


Fair enough - GL brother - Think I would be very happy picking up some at that price (tho you might have to be patient, like 3-4weeks??)


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: RockHound on October 05, 2014, 01:06:20 PM
nice buy on $301... I missed the low...


My last buy-in was at $360 when I started this post yesterday : /     but thanks anyway man : )    Got more funds in BStamp tomorrow, hopefully won't be too far off $301


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 05, 2014, 01:16:03 PM


What comes down must go up.



Never heard that expression, that only ever happened for those Chilean miners..

and we can't call in Layne Drilling this time


uhoh - what are your thoughts on how the market will move beginning of the week?

Absolutely no idea to be honest. I can see this touching the previous ATH @ 266, but I'm enjoying the ride (it's much better than watching sideways movement). My average price is way off and I've seen this happen 3 times before, there's no reason to sell now if I didn't sell last time(s).

What's your prediction?


Cheers for that bro - think we are on the same page - Totally possible that we might come closer to previous ATH @$266

But in my mind we've already done that going to $301 - If sub $300 to $250 range is on horizon - I think it'll take place tonight (next 18Hrs), before all the Buyers like myself start trading on Monday/Tuesday

Could be totally wrong, but at this point think we'll be heading up fairly sharply (Like Monday night deadline).

When funded tomorrow, gonna stick to my guns and buy-in close to market rate and wont be setting Limit Order for $250 range


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: RockHound on October 05, 2014, 03:50:51 PM
It's going off again lads!!!


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: lophie on October 05, 2014, 03:51:15 PM
Bitstamp at $275.00!!!!!!!!!!


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 05, 2014, 03:52:47 PM
Alright guys buckle up. We know the trolls are just loving this right now so yea... dont feed the trolls.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: chopstick on October 05, 2014, 03:52:51 PM
CHEEP COINS

LETS SEE HOW CHEAP THEY GET

OH YEAH!!!!


Title: Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
Post by: RockHound on October 05, 2014, 03:56:32 PM
Bitstamp at $275.00!!!!!!!!!!

Cheers for the up brother  8)

Over 9200BTC net dumped on Stamp last 30mins


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 03:57:46 PM
Alright guys buckle up. We know the trolls are just loving this right now so yea... dont feed the trolls.

1+  Troll-free zone please


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: elux on October 05, 2014, 04:05:12 PM
The Great Wall:

https://i.imgur.com/ywVoKC1.png


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: chopstick on October 05, 2014, 04:06:50 PM
The great wall of insanity. What whale put that up???


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 04:09:33 PM
CHEEP COINS

LETS SEE HOW CHEAP THEY GET

OH YEAH!!!!


 ;D   hear you there man!

Seems to be a rebound in-effect.

I gotta eat my original poorly prediction that sub$300 was unlikely - Since today, previously posted if it's gonna get near last ATH $266 it'll do it today (before all the average Joe buyers start coming in Monday)

Just $9 off the last ATH, that's close enough for me : )


Anyone think we are still heading even lower ??!!??


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 04:11:47 PM
The great wall of insanity. What whale put that up???

True  :D

Perhaps being insane made him a whale in the first place


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 05, 2014, 04:12:53 PM
The great wall of insanity. What whale put that up???

True  :D

Perhaps being insane made him a whale in the first place

Yep he is playing the market and I am sure he will win some
What we need is a bull to come in with a ton of cash and make it regret putting that wall up


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 04:18:40 PM
Roughly $1,000,000,000 has left the market in past 2 days

That's 1 Billion dol dol

http://coinmarketcap.com/currencies/bitcoin/ (http://coinmarketcap.com/currencies/bitcoin/)



Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 04:20:35 PM
The great wall of insanity. What whale put that up???

True  :D

Perhaps being insane made him a whale in the first place

Yep he is playing the market and I am sure he will win some
What we need is a bull to come in with a ton of cash and make it regret putting that wall up


Amen - just need a big dawg to drop a 1bil bomb (gonna be interesting to see next couples days bro)


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: lophie on October 05, 2014, 04:21:33 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 04:27:02 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: chopstick on October 05, 2014, 04:30:25 PM
I just bought 1 BTC at 280... that's all the spare fiat I got !! Damnit!! Need to make some sales on Local bitcoin.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 05, 2014, 04:31:16 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"

Wife is going to be mad I did but at 280. few BTC worth. I figure what do I have to lose?


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: Chris_Sabian on October 05, 2014, 04:37:08 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"

Wife is going to be mad I did but at 280. few BTC worth. I figure what do I have to lose?

All of your money / bitcoins.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 05, 2014, 04:40:07 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"

Wife is going to be mad I did but at 280. few BTC worth. I figure what do I have to lose?

All of your money / bitcoins.

Shrugs.... and how is that any more of a risk than going to Vegas? I BELIEVE in cryptos. I dont care what the rest say. I see the way things are going with fiat all over the world. Nothing has change with the foundation of  BTC, and all this is ... manipulation.

Speaking of which that 30K sell wall on stamp is gone.

What I thought.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 04:41:28 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"

Wife is going to be mad I did but at 280. few BTC worth. I figure what do I have to lose?


Cool - congratulations on your acquisition!

Guess we'll have to wait a see what's to come over next few days brother - I'm not so confident saying $275 is gonna be the floor now, before the rest of tonight is through : )

Still reckon it's gonna creep up swiftly at some point - so hope you make a sweet % return dude  8)


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: PolyCoin-Team on October 05, 2014, 04:41:46 PM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong



you are wrong - what a fool!


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 04:42:48 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"

Wife is going to be mad I did but at 280. few BTC worth. I figure what do I have to lose?

All of your money / bitcoins.


 ;D  true   -  maybe don't tell the wife this one just yet


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 05, 2014, 04:43:31 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"

Wife is going to be mad I did but at 280. few BTC worth. I figure what do I have to lose?


Cool - congratulations on your acquisition!

Guess we'll have to wait a see what's to come over next few days brother - I'm not so confident saying $275 is gonna be the floor now, before the rest of tonight is through : )

Still reckon it's gonna creep up swiftly at some point - so hope you make a sweet % return dude  8)


Long game. I am to the point this will be part of my retirement fund some 30+ years down the road.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 05, 2014, 04:46:32 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"

Wife is going to be mad I did but at 280. few BTC worth. I figure what do I have to lose?

All of your money / bitcoins.


 ;D  true   -  maybe don't tell the wife this one just yet

Well I am still in the positives right now, even if what I hold right now and it crashed to 0 I still will be ahead. Granted I could be ahead more but hey.... sometimes you need to gamble to come out big way down the road.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: chopstick on October 05, 2014, 04:49:30 PM
BTC will be back up to 500ish by december at the latest. Everyone buying in now is getting cheap coins.


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 05, 2014, 04:50:43 PM
I personally think $360 range is the floor and gotta be careful trading as a spike to $500 range will happen very quickly.

Sub $300 will never happen again - just in my humble opinion - I could be wrong



you are wrong - what a fool!

You're right mate, wish I bought-in today instead of yesterday - very foolish  :'(

I retail a lot on Localbitcoins so comes with the business - I'm properly biased because like some folks on here I'm Bitcoin crazy and still believe it'll have a significant role to play  :-*


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 04:55:40 PM
lol I almost panic bought I thought the wall was a buy wall not a sell wall  :D. God I need some sleep.


 ;D  bitcoiners don't get to sleep




Anyone here manage to pick-up around $275 ?    Just to say in-advance, "well played Sir, congrats!"

Wife is going to be mad I did but at 280. few BTC worth. I figure what do I have to lose?

All of your money / bitcoins.


 ;D  true   -  maybe don't tell the wife this one just yet

Well I am still in the positives right now, even if what I hold right now and it crashed to 0 I still will be ahead. Granted I could be ahead more but hey.... sometimes you need to gamble to come out big way down the road.


I'm no fortune teller or TA expert - But hope it booms for you mate - reckon a meaty re-bound is on way (but I could be wrong)


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: ruletheworld on October 05, 2014, 05:07:02 PM
BTC will be back up to 500ish by december at the latest. Everyone buying in now is getting cheap coins.
How do you know?


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: chopstick on October 05, 2014, 05:15:03 PM
BTC will be back up to 500ish by december at the latest. Everyone buying in now is getting cheap coins.
How do you know?

I can see the future.

We will see 30-50k per coin this time next year most likely.



Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 05:40:41 PM
BTC will be back up to 500ish by december at the latest. Everyone buying in now is getting cheap coins.
How do you know?

No one knows for sure - seems like a great time to buy because of the past two days action, but we could be wrong. Might carry on dumping even farther - guess we're part of the re-bound immanent gang  :D


What are your thoughts bro - think we are right or downtrend still gonna persist? If so what realistic floor would you say?



Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 05:51:23 PM
When we hit $275 on BStamp

BTC-e only went to $285.01

rarity these days


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: Wattda on October 05, 2014, 06:16:28 PM
I think the dumping is just starting, and now panic is going to set in. It got me!


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: lophie on October 05, 2014, 06:24:09 PM
I think the dumping is just starting, and now panic is going to set in. It got me!

The bear in me awakened in a weird way for the first time. Moar Moar Moaaar, Lower and lower and lower muahahahaha


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 06:59:50 PM
I think the dumping is just starting, and now panic is going to set in. It got me!

Well good luck bro, what's your ideal price?

Hope i'm wrong but think we are heading up from now on


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 07:00:35 PM
mini rally just started kicking off > $315 just now


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: SunBin on October 05, 2014, 07:03:07 PM
I think the dumping is just starting, and now panic is going to set in. It got me!

Well good luck bro, what's your ideal price?

Hope i'm wrong but think we are heading up from now on

$100 is a good target.

Bitcoin was stable around 100-120 for a long time.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: lophie on October 05, 2014, 07:04:00 PM
mini rally just started kicking off > $315 just now

nope obvious manipulation. No one just bought 2045 bitcoins just now. We are being bullshitted


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 07:19:42 PM
I think the dumping is just starting, and now panic is going to set in. It got me!

Well good luck bro, what's your ideal price?

Hope i'm wrong but think we are heading up from now on

$100 is a good target.

Bitcoin was stable around 100-120 for a long time.

Man - I'd love to pick up @$100 range  8)      gotta be honest tho, don't think we are going that low (I'm often wrong :) )


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 07:24:47 PM
mini rally just started kicking off > $315 just now

nope obvious manipulation. No one just bought 2045 bitcoins just now. We are being bullshitted

Too early to say whether it's rebounding, but guess it's $30 above our new ATL.

Just looking at views from this post and various forums - seems like most folks were happy to pickup around the $300 range * where it is now

When I get funded tomorrow - I'll be very happy if the price stays around here (sub$300 would be a bonus)


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: MatTheCat on October 05, 2014, 07:31:28 PM
Man - I'd love to pick up @$100 range  8)      gotta be honest tho, don't think we are going that low (I'm often wrong :) )

U need to start being honest with what your true emotions are mate.

If Bitcoin goes down to $100 range, you will be filling your boots as you will be 60%+ down on your initial investment. That is horrendous performance by any standards.

Look at yourself in the mirror, and admit that you really don't want Bitcoin to go down to $100 range.

Once you do that, you may start to be able to make some good decisions that might actually benefit you, even if it means realising short term losses.

My last trade which flew in the face of what I was preaching at the time lost me around $1500. Had I adopted the foolish self deluding attitude of "oh goody more cheap coins for me", I would now be down about $4500, and perhaps even more if I was really filling up my sack with dem 'cheap coins' on the way down. But I didn't. I admitted that I didn't like what I was seeing and that things were looking very bad.......Of course, I didn't figure on things getting this bad, this quickly, so thank fuck I am out the game.

Whilst I am not one of those who has capitalised on bitcoin from the single or double figure days, I am fortunate enough not to have made a net loss on Bitcoins. Most people who have invested in Bitcoin will make a net loss. That is the nature of Ponzi schemes. I am not saying that Bitcoin is a ponzi scheme, but it trades like one and if it fails it will have behaved exactly like that.

$275 looks like a good short term low for now. After such a prolonged downward grind, I would imagine that there will likely be a correction (up the way) from this trend. Keep your eye on the market action, and be prepared to either break even, make a slither of a small profit....or if things start looking dodgy again, be prepared to cut your losses. Seriously. $275 is not the ultimate low. With that said I would be greatly shocked if any lower prices were hit in the coming week or so.



Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: CryptoCarmen on October 05, 2014, 07:35:59 PM
How much was lowest trades that was made so far?


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 07:57:54 PM
Man - I'd love to pick up @$100 range  8)      gotta be honest tho, don't think we are going that low (I'm often wrong :) )

U need to start being honest with what your true emotions are mate.

If Bitcoin goes down to $100 range, you will be filling your boots as you will be 60%+ down on your initial investment. That is horrendous performance by any standards.

Look at yourself in the mirror, and admit that you really don't want Bitcoin to go down to $100 range.

Once you do that, you may start to be able to make some good decisions that might actually benefit you, even if it means realising short term losses.

My last trade which flew in the face of what I was preaching at the time lost me around $1500. Had I adopted the foolish self deluding attitude of "oh goody more cheap coins for me", I would now be down about $4500, and perhaps even more if I was really filling up my sack with dem 'cheap coins' on the way down. But I didn't. I admitted that I didn't like what I was seeing and that things were looking very bad.......Of course, I didn't figure on things getting this bad, this quickly, so thank fuck I am out the game.

Whilst I am not one of those who has capitalised on bitcoin from the single or double figure days, I am fortunate enough not to have made a net loss on Bitcoins. Most people who have invested in Bitcoin will make a net loss. That is the nature of Ponzi schemes. I am not saying that Bitcoin is a ponzi scheme, but it trades like one and if it fails it will have behaved exactly like that.

$275 looks like a good short term low for now. After such a prolonged downward grind, I would imagine that there will likely be a correction (up the way) from this trend. Keep your eye on the market action, and be prepared to either break even, make a slither of a small profit....or if things start looking dodgy again, be prepared to cut your losses. Seriously. $275 is not the ultimate low. With that said I would be greatly shocked if any lower prices were hit in the coming week or so.



Hey Mat, thanks for the concern brother - I keep a meticulous spreadsheet for past 11months since becoming a Seller on Localbitcoins - comparing against balance sheet when we initially invested, then moving my Superannuation to Bitstamp - you are right - I'm currently down slighty (<$700), but then again we've bought a few things too.

By retailing them constantly, I'm finding the FIAT amount is very similar, sort of balances to what we originally invested - lol, so after all those hours this year Selling to Localbitcoin traders then buying back on Stamp I'm still down (but got a shit load more BTC :) )

Thanks Mat, you're right because sometimes I get blinded and just concerned about making more and more BTC, just gotten used to transferring large sums overseas routinely, then buying back. If we were to liquidate all today, it would have been for nothing (fiat, profit-wise)

Been doing it for so long now, gonna find it hard to stop - will try not to head towards delusion, and accept for me to make a sweet profit, I really do need the price to go $600+


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 08:05:54 PM
How much was lowest trades that was made so far?

$275.00 on Bitstamp so far

Some folk think it'll go even lower, some think $275 will be the short-term lowest, and now past.


Had a guy on here before, the cool dude bought 2BTC @$280/BTC, that deals working out nicely atm


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: mmortal03 on October 05, 2014, 08:25:21 PM

Hey brother Mat!  How are you doing mate - it's been ages, what a ride it has been.

Your right dude, the last time we spoke you helped us out with allocating my Superannuation in BTC - picking up a tidy sum @ $480.

Been working like a demon day and night, retailing ~50% of holdings on Localbitcoins as a pro trader - That original 50% of holdings is now ~89% - respectfully profitable. If not for my retail margin and moving money overseas I'd be hurting hard right now.

Always had the mind set that if gonna take the plunge investing hard in BTC, gotta have a way of increasing holdings to negate the price index volatility.

I'm sorry you've liquidated back to fiat brother for now, at least you took part in this experiment - guess we'll have to wait and see what BTC's fate will be. I'm still perhaps a little naive and think BTC's price will be over $5000 in a relatively short amount of time - could be dreaming tho :D


You made some good points about liquidity problem, but my friends and this guy thinks the index is ultimately governed by the Consensus Algorithm at the moment and that a new algorithm should/will be refined by Bitcoin Core Developer community - Have you seen this? :

http://www.youtube.com/watch?v=_-TLA3j-ic4 (http://www.youtube.com/watch?v=_-TLA3j-ic4)



You keep posting that video, and you keep ignoring the reality that it won't be implemented into Bitcoin. Do you not have a response to the very low probability that it will be added to Bitcoin?


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: RockHound on October 05, 2014, 10:07:26 PM

I don't think merchant adoption is contributing to the price profile - I think it's more to do with mining. Here again is a video explaining:

It's from two weeks ago, and the guy has offered a small bounty for integration suggestions http://www.youtube.com/watch?v=_-TLA3j-ic4 (http://www.youtube.com/watch?v=_-TLA3j-ic4)

DPOS isn't going to be integrated into Bitcoin. Anyway, in the long run, the inflation rate will subside. See here: https://bitcointalk.org/index.php?topic=130619.0

And, currently, it isn't the inflation rate so much as it is speculators causing the volatility. There is much more volume than there are new coins being mined and sold.

Thanks for the link to post man!

Yeah good points - I don't think a hybrid DPOS is the way to go either nor will it get integrated to Bitcoin - here's a response video my mate made after getting lots of feedback:

http://www.youtube.com/watch?v=uo979iaLvEs









That was my response :D  - totally agree with you that a DPOS/POS won't be sustainable nor added to replace current Consensus Algorithm - however it's certainly holding back BTC price, if a more efficient proof can be implemented to reduce mining costs + increase security + speed up confirmation times through the blockchain. This would make BTC better for everyone (i'm not sure how this would affect the price index, guy on video reckons it'll rocket, I'm not so sure - but agree Bitcoin itself would be more even more efficient.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 05, 2014, 11:40:34 PM
Looks like were currently moving away from our $275.00 floor  - Current re-bound @ $328.00

China? http://aretheyawake.in/china


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 05, 2014, 11:44:10 PM
How much was lowest trades that was made so far?

$275.00 on Bitstamp so far

Some folk think it'll go even lower, some think $275 will be the short-term lowest, and now past.


Had a guy on here before, the cool dude bought 2BTC @$280/BTC, that deals working out nicely atm


Im doing just fine and thankfully not looking like a fool right now to the wife.. Scary she trust my judgement. Will I lost out still where I bought at 280? Time will tell but I am starting to think.... nope.


Title: Re: $360 Just hit on Bstamp Fri 15:00GMT 03/10/14
Post by: mmortal03 on October 06, 2014, 12:21:21 AM

I don't think merchant adoption is contributing to the price profile - I think it's more to do with mining. Here again is a video explaining:

It's from two weeks ago, and the guy has offered a small bounty for integration suggestions http://www.youtube.com/watch?v=_-TLA3j-ic4 (http://www.youtube.com/watch?v=_-TLA3j-ic4)

DPOS isn't going to be integrated into Bitcoin. Anyway, in the long run, the inflation rate will subside. See here: https://bitcointalk.org/index.php?topic=130619.0

And, currently, it isn't the inflation rate so much as it is speculators causing the volatility. There is much more volume than there are new coins being mined and sold.

Thanks for the link to post man!

Yeah good points - I don't think a hybrid DPOS is the way to go either nor will it get integrated to Bitcoin - here's a response video my mate made after getting lots of feedback:

http://www.youtube.com/watch?v=uo979iaLvEs




That was my response :D  - totally agree with you that a DPOS/POS won't be sustainable nor added to replace current Consensus Algorithm - however it's certainly holding back BTC price, if a more efficient proof can be implemented to reduce mining costs + increase security + speed up confirmation times through the blockchain. This would make BTC better for everyone (i'm not sure how this would affect the price index, guy on video reckons it'll rocket, I'm not so sure - but agree Bitcoin itself would be more even more efficient.

I overlooked the follow-up video. I will check it out and get back with you.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: Xiaoxiao on October 06, 2014, 12:57:57 AM
Get ready to change the title to 220 incoming?


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: chopstick on October 06, 2014, 01:02:47 AM
God damn this volatility!!!


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 06, 2014, 01:05:07 AM
Action going off again guys!!


~2600BTC already just traded last 15 mins

check out that sell order @ $300    23994BTC Just hit orderbook on BStamp

https://bitcoinwisdom.com/markets/bitstamp/btcusd


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 06, 2014, 01:07:21 AM
God damn this volatility!!!

Right on brother - massive price swings past 36Hrs!!


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 06, 2014, 01:09:00 AM
Wale just crashed it under 300 and put up his 25k+ wall again on stamp


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 06, 2014, 01:12:08 AM
Wale just crashed it under 300 and put up his 25k+ wall again on stamp

Yeah man, watching it now - working it's way through ~24000BTC

The transaction @ $300 are all coming up as Green on Bitcoinwisdom, do you think after it's done eating - it'll significantly drop the price again like earlier on today?


As the trades are completing as Green, does that mean he is Buying, right?


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: Stankia on October 06, 2014, 01:12:33 AM
Wait is the 23k sell wall real or some kind of glitch?


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 06, 2014, 01:14:28 AM
Wait is the 23k sell wall real or some kind of glitch?

Totally real - Love whales hey  ;D

Not too sure it's a Sell wall, think he's actually Buying


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 06, 2014, 01:15:11 AM
Wait is the 23k sell wall real or some kind of glitch?

Its real. This is the 3rd time today I have seen it myself. first crash down to 275 as he dumped and set the wall up at 300... then he took it off only to put it back at 320, only to pull it after some time again... and just like clockwork did it again.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 06, 2014, 01:25:53 AM
Wait is the 23k sell wall real or some kind of glitch?

Its real. This is the 3rd time today I have seen it myself. first crash down to 275 as he dumped and set the wall up at 300... then he took it off only to put it back at 320, only to pull it after some time again... and just like clockwork did it again.

24,000BTC That's around $7.5 -7.2Mil    All in a days work, for a whale  8)



Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 06, 2014, 01:35:44 AM
Wait is the 23k sell wall real or some kind of glitch?

Its real. This is the 3rd time today I have seen it myself. first crash down to 275 as he dumped and set the wall up at 300... then he took it off only to put it back at 320, only to pull it after some time again... and just like clockwork did it again.

Hang on - don't think I've got this right but, is he doing something like this

24,000 x 275 = 6,600,000

24,000 x 320 = 7,680,000

So he makes like $1,080,000 today


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: BrewCrewFan on October 06, 2014, 01:37:34 AM
Wait is the 23k sell wall real or some kind of glitch?

Its real. This is the 3rd time today I have seen it myself. first crash down to 275 as he dumped and set the wall up at 300... then he took it off only to put it back at 320, only to pull it after some time again... and just like clockwork did it again.

Hang on - don't think I've got this right but, is he doing something like this

24,000 x 275 = 6,600,000

24,000 x 320 = 7,680,000

So he makes like $1,080,000 today

Well Asia is not buying it, lot less than we did on the US side, it created a bit of panic over by us, but china is holding ground and pecking away at it instead.


Title: Re: $275.00 Just hit on Bstamp Sun 16:50 GMT 05/10/14
Post by: RockHound on October 06, 2014, 01:42:36 AM
Wait is the 23k sell wall real or some kind of glitch?

Its real. This is the 3rd time today I have seen it myself. first crash down to 275 as he dumped and set the wall up at 300... then he took it off only to put it back at 320, only to pull it after some time again... and just like clockwork did it again.

Hang on - don't think I've got this right but, is he doing something like this

24,000 x 275 = 6,600,000

24,000 x 320 = 7,680,000

So he makes like $1,080,000 today

Well Asia is not buying it, lot less than we did on the US side, it created a bit of panic over by us, but china is holding ground and pecking away at it instead.

Yeah - good spot - I too had a look at OKCoin and Huobi (nothing unusual there) - Whale went with BStamp

21959BTC to go!