Bitcoin Forum

Volume dropped, interest in the market saturated like just before jan 12th mega crash.
Stay ready!  :o

Someone is desperately wishing for low prices ;D

The downtrend is over. Its going to go up slowly so buy at the dips. If you keep waiting for the imaginary dump you will keep waiting and then regret later.

it means nothing! Don't try to predict unknown future! If you know it for sure, you wouldn't tell us.

Look at the charts, MACD or other indicators!
You guys sound like you have bought too high  :o

too high? i think it's too low
hope we will reach $300 next week

Meh .. It won't go anywhere if China-based Exchange website goes down one by one as we see those days . this can cause a huge dump . but the only thing for sure is that the price will rise eventually when the next halving reward happens in Early 2017 .

to be honest this trend is pretty actual for the rest of the world aswell. One by one exchange services are shutting down all over the world.

Stop believing and start analyzing!
you will lose everything if you just "hope" things to happen!

Whole world ? Most of them are only from China , I guess that the goverment is just finding execuses so they ban China forever just like they did with Gmail , Google etc ...
Bitsmap got hacked but didn't shutdown , they simply implented the Multisig so they get more protection .

https://www.cavirtex.com/news - canada
http://cointelegraph.com/news/113507/netagio-ceases-bitcoin-exchange-activity-in-restructuring-move - UK

If BTC goes below $200 it will bounce so hard as larger investors enter. 

This is not a good news . I'm sick of price dumping that's all because banks fight bitcoin

volume isn't everything, volume was really high few weeks ago and the price was bad anyway

Yep as volume counts both buying and selling so it can be enourmously high and doesn't have to make value go up as it may be pure dump.

Lets see what happen.
At the moment the price looks very quite 220/240.
I would like to cacth some at lower prices before it goes to the moon.

I would be fine with that.  I'm looking for an opportunity to get a higher btc amount for a lower dollar valued.  So when this place says I can withdraw $100 in bitcoin I'll be able to get more btc before the inevitable rise.

Troll thread. Price can go both ways, smaller volume means nothing. If you are sure just short your possition. oh wait, you most possibly done that at $220 lol.

Thursday incoming.

Newbie trolls will do anything to spread fear. I hope the common sense newbies see past this.

All it takes is an official announcement by Google about Bitcoin's integration into Plaso.  I also believe Coinbase's relationship with the NYSE will produce big news eventually.  Then you have Gemini and the Winkle dudes and all of their big plans.  Maybe Facebook eventually...?  We haven't had any real big official announcements but a lot of rumors for a long time.  This happened to Ripple, all kinds of rumors regarding Earthport/Banks/etc a while back with no official announcements but once it was officially announce the value surged. I think it is only a matter of time until we see some real big announcement regarding Bitcoin.

Lull before the storm.
A Bitcoin bull run could just be around the corner.  :)

We need newbie jail back. Harsher than before, preferably.

OP is not a noob.

well I am always ready but volume alone means nothing, china was just basically having their lunar new year vacation anyway  ::) ::) no big deal for this

Gonna have to explain that one.

hopping for this next month and to stay on this price to stabilize a little

A huge dump for one is a huge buy for another and that is the cycle of life  :D

If you think that the dump is coming i assume you are shorting?

Hope you do not get burned  ;D ;D

I had never heard of this Plaso thing.
Seems promising, but I hope they manage to market it better than the fiasco that was Google Wallet.

You didn't even bother to make up a reason for the dump. ::) But imo the downtrend isn't quite over.

I think his reasoning is wishful thinking ::)

Date Registered:   February 17, 2015, 07:21:27 PM  :'(

we can push up to $250 in a matter of days... imho

When bears already resort to speculating huge dumps on 5 dollar price movements you know we are going nowhere but up. ;D

without providing more evidence that statement is worth nothing. Sorry. Drop of volume itself is not the indicator of an incoming crash.

So another FUD without any substance , another day on bitcointalk.

Yes please.

Activity: 7 means nothing more than absolute garbage comes spewing out.

The volume has been big in the past weeks.

People really think they can drop the price hugely by posting threads like these in an BTC forum? I bet this forum -> speculation subforum counts not even more than 1% of the BTC traders/buyers/sellers in the world...

And again we're on the way up again. It's funny how often these threads actually precede the price going up. In these times of low prices it's reassuring and an honestly good feeling to keep digging these faulty forecasts up and show people how wrong they were!

I wonder if the guy who dumped 1500 coins for $232 on stamp gets paniced and buy them back  ;D

This is the single biggest public BTC forum in the world. So, yes. Mods, do your goddamn jobs.

People wanting to drop the price hugely might be better off posting threads like these in the Chinese section of this BTC forum. Most of the trading volume still seems to come from China, so there's not much point in them starting threads in the English section.

And u truly believe that a significant trader that could make an impact on price will do so just because somebody trolls that the price will fall? The thread may catch few newcomers and convince them to sell,
but thats it, noone from the targeted audience would be affected.
People are just chanelling their fears and doubts through threads that dont mean much, and its fine, because were here to debate afterall, its not like anyone knows what will actually happen next.

cheers

Oh and there's 50k from the auction soon! :o

There are corrections daily due market noise and noobs take it as another downtrend.

Where? They don't have any reason to even touch exchanges anytime soon ;)

as in the previous cases, these 50k will be sold quickly and won't see the market any time soon.

we can only rest and hope
personally hope that price will rise little by little better to go up 1 dollar a day at least

I have notice the same thing. I should wait for the threads saying we are now in a bull market to sell.

This is one mage crash like i have never seen before, i hope it bounces back really soon i am down a fortune.

Again? What makes you so confident? I believe we are still at the stage of price adjustments after the recent low. Right now it is still on the uptrend.

I think his trying to make a panic coz of the 50k coins in auction.. who knows what will happen..

People selling now will get stuck cause they will never buy btc at this price, I will laugh so hard at trolls selling btc at this price later

^Famous last words

or the price will crash and those "trolls" will laugh at you that you have a zero worth money

If all your wealth is in Bitcoin, it's sizeable and you don't have any income, it is smart to sell some but if you think Bitcoin have a high probability of success compared to what you will win if it does, you should stay invested.

Yikes.  Yeah if all of your wealth is in Bitcoin, you've got too much of your wealth in Bitcoin - at least to be rational about your decisions when it is involved.

Diversify that shit.

And where is the suppose huge dump coming from?

Never put all your wealth in one basket, be it bitcoin, gold or fiat...

Diversity what? When you don't have much and no realistic prospects for a better life otherwise going all in is the only sensible choice.

Nah.  What you have is relative and what you're able to invest is relative.

Going all in, especially on something as volatile as BTC is risky as hell - and would absolutely drive someone to make emotional buying/selling decisions.  Money isn't made on emotions.

I'm more than 100% in at the moment and holding. Tried a bit of buying and selling with small amounts just to try it, and stopped when it became obvious I don't have the instinct for it.

Emotion based economy is a state of mind. Some people do it, and some people simply do not.

And there is absolutely nothing relative about it. If the price reaches even a tenth of its potential I will be more than set for life.

i dont know how to sell btc, i either hold or buy more

Still waiting OP!

Price has only gone up since.

No righteous and respectable whale that can move this market with his homies would be affected by these poopoo threads in speculation here. Furthermore, the prospective and interested new well off folks that are checking into the Bitcoin market are basing their buying info off of experts or trusted respectables in this sphere and bit trolls in this particular subforum. Let's get real here.

I find your take on bitcoin very interesting. Personally I'm considering putting 50% of my assets solely on bitcoin. But for now I'll just wait and see.

just an observation, very much in-line with what you state:
plenty of such threads like this one, screaming down, down, down, where followed by a sudden up spike, so who knows maybe something is brewing.

Still waiting for the dump.

If lots of hacks and bitcoin things closing for security concerns failed to crash BTC, what would cause the crash? The US air force bombing the biggest BTC mining farms?

 ;D

Seems the only thing now is the fork and after that goes by smoothly (fingers crossed) i think we will see the long over due lift off to a value worthy of the might of BTC

So many huge dump calls was made the other day/week good thing they have all found the shadows.

Yeah, something significant,but If it falls below 200 I will buy couple of bitcoins for sure

Sunday incoming.

I think we may see a temporary drop if the response to the Fed auction turns out to be tepid
Then again, may just be folks trying to pick up coins cheaply

Won't happen. Price will either go sideways or up.

For now the fork is a distant and not too precise future. There are no details yet, leave alone the date, when it will be implemented. 

nothing happened, price is stable, aside two penny decline maybe, not really what i call a dump

I'm looking for my SELL button, anybody seen it ?

IF this were a fiat money every one will talk about a huge dump .
E.g : I have one Million dollars and the price :

245 => 230 : (245/230)-1*100 = 6 %
1 Million * (1-0.06) =  940.000

Did you see how much zero we can loose in this dump ?

Well here is the start, the dump volume should multiply around 5 times the upcoming days.

I can confirm, it´s getting way worse from here!

OMG! CONfirmed?!?

It's a 3% drop. Woo.

Yes, confirmed.

Exactly, like i said days, ago, there is no upward movement, theres only dumping short term ahead.
It will stop above 200 tho, doubt it will go any lower than that, atleast not in the next 2 months. Volume will increase, and slowly lower back down, unless some aditional event doesnt push the price furthermore down.

cheers

Not necessarily true.  Amd stock skyrocketed one day and crashed harder more than than  your comparison. 
People still own it and buy it (not me atm sold at 3.19 from about 2.54 a month or so before  ;D.)  I like amd but they are permabankrupt it seems. 

Last time it went below 200, it shot right back up. This time I think it's possible for it to stay sub 200 for a while.

Thanks for the info, dumpers are here  :'(

My surprise can only be expressed in meme form:

http://www.quickmeme.com/img/2d/2d70e861b65be7f6d1c9e31bee098c6abafe3c1992c427fbd4f0b158da951723.jpg

At what price do you guys think the dump will stop? ???

60-70$ is the point where the huge dumps will probably stop. After that we will see a slow decrease to 0-10$.  :-\

Damn. :-\ Do you guys think the halving next year could stop the downtrend?

They can dump all day long.. nothing will change.



https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-xpf1/t31.0-8/10982757_10152790709696312_8019134317207035118_o.jpg

I wonder what their strategy is. Dump every so often, see how much is bought by others and how much they have to buy back themselves to get an idea of when the market is ready for a pump? Something like that?

New wallets is meaningless. Stop posting that lol

How does tripling the number of users in a year is meaningless ?

if they keep dumping, but the price remain stable, i don't see a problem, 230 barrier will consolidate at the end, and the price will never drop under that

Famous last words 'Never' never say never  :D but i do not see it dropping below 200's even with fairly big dumps.

Also the amount of wallets created am sure people have created a few i have myself so if one gets hacked etc i still have the other bits to trade/play with.

The bears come out to play with the smallest of drops aha

maybe i will be sad that i didn't bought a few BTCs at current levels, but you need to spread your investment

How is the number of people estimated ? COuldn't it just be multiple wallets ?

It's the amount of new accounts created since 1-2012 - https://blockchain.info/charts/my-wallet-n-users?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Yes it absolutely could. Description of chart is :

A more meaningful number would b the amount contained within those wallets as many people use them as a 'disposable resource' using one, transferring funds and never using again. I am pretty sure that number is included in this stat (tho not certain).
Alternatively, the number of wallets with zero balance or just dust would also be a useful number, so it could just be deducted from this number.
Calling this chart 'numbers of users' is definitely misleading IMO. Number of wallets CREATED would be a better title for this chart I believe, as it almost certainly includes both empty wallets and multiple wallets from the same users, which ain't really growth. It can only ever go up ...

Not saying number of wallet users isn't growing, just saying I don't think you can conclude this from chart alone.

True, that is why there are other pretty positive numbers, like:

2,000,000 Coinbase users (https://www.coinbase.com/about)

and an old article from a year ago saying that there are "25 million Bitcoin addresses in use and 95% of them hold 0.001 BTC" (http://www.pfhub.com/25-million-bitcoin-addresses-in-use-and-95-of-them-hold-0-001-btc-356/#comment-1238673930)

We still waiting this Huge dump we must buy bitcoin more cheap than now  ;D.
About the dumping or pumping thats not important now , the important that you save
you coins and don't be sad you bought them for 450 $ in 2014 and sell them for 230 now
You will be really sad if you see the price of bitcoin in 2018 or more when the bitcoin
value more than 3000 $  ::)

I think that the huge numbers of users issue from the application of Multisig.
But i can't imagine that the number is right , Why ? because 25Millions people can't all
verify there bank account for just bitcoin.

If you read that article it also says


That's less than 250,000 wallets, not users, holding more than $240 worth
And more than 23.75m with less than $0.25. I think it's a pretty safe assumption that most of those will never be used again, and I would suggest that many may have been created specifically to game the numbers.

Blockchain.info could easily produce a chart with empty/dust wallets and the trend of that, but they don't  for obvious reasons -would  not look as impressive ;)

And those Coinbase numbers look waaaay to high. Would love to see where they are derived from.

Don't forget that Coinbase nor the exchanges hold users' funds in separate wallets which means that 1m users can actually 'share' 1 bitcoin address..

it will gonna be uncontrol if always like this .

True, but 1m different users in one address seems a bit on the high side if only 0.25m wallets, not users, are holding > 1BTC :D

Or maybe nobody has learnt anything about the risk of holding all your BTC on an exchange, and the number of exchange users is greater than the number of people holding their own PK's

you all think it will happen?

i am waiting for the huge dump but we have to wait a bit longer. right op?
eventually the huge dump will show up.

We just had a $4 dump and it's already recovering so I don't know if that was what yall were looking for, so.

Ya I believe of a constant dump goin on because of all these scams and the scammers pulling their funds out of exchanges slowly. This will definitely drive the price down sadly.

I don't think 4$ considered as a dump  :D

i sure hope that wont happen