Bitcoin Forum

Still very pessimistic.

Price is not relevant only infrastructure, ppl need to stop focusing on the price only.

Go dig the internet for more information it will make you optimistic and exited.

Currently, nothing makes me more optimistic but btc price at 80-120

Yes, I saying, will start buying at 60-80-120. Maybe that's the bottom. With target at 800
And will capitulate at 40. With loosing enormous 24-30%
Flash crash under price level :120 - is highly possible. minimum price could reach then 0 (cents) per btc. be ready....

I know there is three major factors for bear market currently:
+Bitcoin is still very unsafe, that's because of the theoretically possible <51% attack. And worst that nothing can be done to fix this..
+Market are selling bitcoins for about $15kk (:222= 67 264 btc's) every day just to keep system work, that's the electricity bills.
+Technically we are still in strong, strong bear trend.


Secondary factors:
+Banks are negatively disposed in general. (To bitcoins)
+Scientifically proven that btc is not anonymous. (Must check, (rumors tells so))
+A large use of btc for illegal operations like purchase of drugs, money laundering etc. (I personaly know a guy who buys drugs in    
overseas and gets them in envelope by common mail)
+Companies like DELL are immediately converting their crypto profits to fiat.
+"Who makes profits in btc world? In general : there is some successful traders, infrastructure producers, exchanges, electricity companies. All this makes additional pressure."
Others?

This is not true. A higher BTC price will lead to more investment in infrastructure.

For example, I don't see much capital flowing into BTC mining at the moment.

beer

Cheers

Do you think 220 is able to break?
I don't see it happen.
When it does, we're in serious trouble to the downside.

I see no problem to break 163 right "tomorrow".

163 in 7 hours 24 minutes.
You heard it first from me.

only because they want to break it, it's all about manipulation for shorting

without manipulation we would have seen market correction much higher

KnC just closed a 29MM VC funding round.  No recent manufacturer bankruptcies.  Mining is doing just fine.

Keep dreaming cupcake

All youre arguments are flaw and useless, just today; a new record of 100.000 merchants world wide woud be better news for long term.
Still low volume but this is only part of growth proces.

http://www.ibtimes.co.uk/bitcoin-now-accepted-by-100000-merchants-worldwide-1486613

such companies are converting their crypto profits into fiat. that's obvious. Can't see it as positive.

Shall we bet that it won't happen?
It already bounced once since I said it.

Use an escrow for a fair bet.

I would say on one hand that the price is more annoying than pessimistic since it's been such a long downtrend. On the other hand, being able to purchase at these prices again is wonderful. Over the next couple of months, most people are going to be getting their tax returns back and those typically equal a paycheck or two or more for most people so that's like the one time of year where bonus money gets available to folks. I'm not predicting anything but I wouldn't be surprised to see some nice action coming up here in March or April and it could get the ball rolling on a strong rally, not just these occasional pump recoveries.

These day trading bears are the only ones bitching about the price in order to force it down a bit but it's not going to make much difference in the bigger picture

Yeah, so many bears trying to bring the price down so they can make money shorting :(

Look at 3d charts and nothing tells me we have turned the corner. We have to have a phase in the graph that is sideways for at least some period before we can start thinking about going up.

I say soonest we head north is September, and a lot of crap can hit the fan before then......

Theoretically I could drive a tank to the bank and rob it, and be out with a stealth helicopter before the army arrives to do anything.

And that would be more likely to succeed than a 51% attack.

Well guys, how are your shorts doing?

Sells begins.

it's imminent
the next major movement... time is fractaline.
I'm saying next movement is MAJOR, next movement is UP.
Next movement will be much more than 50%

imho

looks like 2013  :o

Yes!  :o

This was then:
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=&i=Hourly&c=1&s=2013-09-26&e=2013-10-11&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=1&i1=Vol&i2=MACD&i3=RSI&i4=ADX&v=0&cv=0&ps=0&l=0&p=0&

This is now:
http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=30&i=30-min&c=1&s=2015-02-04&e=2015-02-08&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=1&i1=Vol&i2=MACD&i3=RSI&i4=ADX&v=0&cv=0&ps=0&l=0&p=0&

Not exactly the same, but I'm glad I'm in :)

A modern tank and a stealth helicopter would cost way more than a 51% attack (and than any amount u could rob from a bank, except fort knox), not to speak the infrastructure u need to operate them.

Right now, it is a pessimistic and bearish scenario, again. What's interesting is that people seem to be nervous and hesitant to short right now. The market actually really wants to go up, but we may have to make that final correction and confirmation of the trend-reversal!

http://s8.postimg.org/4fd4551ud/ltc_usd.png
So so

A quick glance at bfxdata.com shows there are over 20,000 shorts on bitfinex right now. Though I agree with your general sentiment. A few more unexpected jumps back into the high 2xx's and the aggressive 'short all rallies' approach will fizzle out.