Bitcoin Forum

Bitcoin is massively undervalued and the football cannot be held under water any longer. There will be no next dead cat bounce. It is time for another breakout and all the paid trolls have suddenly disappeared. That's because their masters have shaken out all the weak hands and accumulated enough cheap coins. They are playing for a pump now. We will be dumped on in the future but in the meantime we have our chance to dump before the whales do. Prepare for the climax when massive media attention hits Bitcoin and winglkleswiis announce their ETF. Right now it is the last chance to buy undervalued bitcoins.

I hope you're right Hyena. Ready to get on the train rocket moon ride! Or something to that effect...

I agree with this,

I forsee something like a massive bulltrap around the 5-600 range dipping down a good 30% then BOOM.

A troll was wrong who'd have guessed  :-X

I'm waiting duckfucker's opinion.  ::)

You're definitely right. But we'll see it all only in a while

LOL!! Considering the dude sold so low and probably sold his account to trollcrotch of half a coin, so am I. :D

If he was here he would say it is just a small dead cat bounce and soon we would start our inevitable travel back to nowhere but to 0

I like this one  :D

The price is currently held up by a handful of corporate fools who are using their own money to support the market, so they can feed the mining farms enough to keep the price stable. Their hope is to keep confidence until they find more greater fools/investors to help them feed the market and pump their own coin value. What they're discovering though is that it's not very easy to sell bitcoin to the rich. Too many obvious questions arise that scare away sober minded people, like the question of the majority ownership of coin, and what guarantees does anyone have that someone won't just dump 1mil. coins on the market and make bitcoin unit value virtually worthless. I think that their best chances would be with some fund manager who is down with a little embezzlement through bitcoin.
Otherwise (what I consider to be the most probable outcome) the corporate fools will just run out of their money or their naive dreams, and the bitcoin market will collapse under it's unnecessarily large costs.

you forget something really important. instead of shitty pump and dump altcoins, bitcoin has a real purpose. and it's being used to buy stuff, send money from a to b, store value and so on.

What the bitcoin fanatics are unable to comprehend is that bitcoin has never been about utility in legal commerce. Bitcoin was practical in the black market, because it offered a relativly anonymouse way to make quick payments. In legal commerce it's just too inconvinient to be used for regular customers. The only effect that adopting bitcoin payments had to retailers, was to get free press and to get new loyal customers among the bitcoin fanatics.
Crypto has been about one thing and that is speculation. Those who are unable to see it, are unable to see though the BS that is being used to attract new greater fools. And bitcoin is currently a very unattractive speculation environment because too much speculator money is being siphoned out by the desperate miners whose "security contribution" is a joke.

That is true.  You are definitely right.  I guess we will just have to wait and watch what time will bring to us.  Although I think I know what is gonna happen , one can only hope for the better. Until then, brace yourselves, trolls. Live long.

This is what will happen: Once the price starts getting high enough that whales start shaking, and so do peasants like you and me and the rest of non whales here, we'll dump, and as we are dumping, old money and serious fiat whales (non early adopter nerds) will start getting in, because they'll be convinced Bitcoin can recover from anything and at that point they would be stupid to not get it. As a result, nerd-whales and peasants that are hungry for some dollars/euro will be left of out the game as we march near unseen ATH and floors above the current ATH, since both groups will not be able to buy back-in.

FTFY

And all you have to do throughout is HODL.

I dont get why people type hodl, when you can just write hold normally lol.

As for the valuation eventually, the value will increase by some random event or other cause. Eg: greece, or some whale, or the fact that theres the few bitcoins in circulation.

greece event is a huge one and the biggest news after a long period of sleeping market, it is finally starting to wake up and rise.
the Greece events in simply attracting a lot of worldwide attention towards bitcoin which is going to increase the price

https://bitcointalk.org/index.php?topic=375643.0

Just know people want change.

And if change is going to happen, bitcoin needs to be there to do it. I dont see any other form doing this, so the valuation despite greeces horrible never ending story. Bitcoin will increase because thats the only option.

There will be a new set of masters who will try a different dump and pump.
The price seems to be retreating from $260.  ;)

Price is doing the same thing it did a couple weeks ago when we hit $260. Correcting, then stabilizing, then UP.

To add a bit, Every coin out there can serve the same exact purpose as Bitcoin. Bitcoin is no longer unique but since it was first, it has first mover advantage and network effect.

fallling is the greatest market analyst and speculator of our time

That "yet" would have meaning in speculation if there would be a plan or even just a vision on how to make it happen.

it was the other that copyed bitcoin not the contrary, they are called altcoin for a reason, bitcoin isn't the best only because it is the first, it is the best because it isn't a pure clone

although, i still like anon coins like dash and monero , at least they offer something useful....

I agree that bitcoin does have the first mover advantage and the network effect on it's side, but because the nature of the service offered, it doesn't mean much. These two things work best with simplistic consumer products or services where the customers don't care much for the quality offered. Social networking sites or carbonated soft drinks are good examples where first mover advantage and the network effect are meaningful. But when you're dealing with high-tech financial software solutions, then these two things quickly become meaningless.

there might be one or two coins that has the potential to serve the same purpose as bicoin, and most certainly not all of them, since 99% of them are all bad copies with fancy features.
but they will not even come close to bicoin, because no one even cares about them as long as bitcoin is around and has bigger adoption and dedicated developers that any of them.

You are missing the point.
To send $100 from me to you, they can ALL do that. Granted, the popularity isn't there with 99.9% of them, therefore you can't spend them anywhere, but the ability to do so is the same. Basically, anything Bitcoin can do (technically), Alts can do too. Assuming there are nodes to relay the tx

Greece was the start of this but how long can this last. History tends to repeat itself over and over again with them. But time will tell. They will conduct their referendum on Sunday so on Monday we will see a spike or downward spiral depending on their outcome.  Price is $269 now. If it reaches past $300 I think it will be worth to start building those mining rigs.

Agreed with everything. though all we can do is sit back and wait. Might as well pray for something better to happen. Falling was a really bad thing to happen and every little movement in one part of the earth comes down an effects all others too. its the Dominic effect, guess we can't do much about it but prepare ourselves to withstand further collateral damage.

Lol fallling wasn't wrong at all. Look how badly bitcoin is struggling to stay even above $250.  That price isn't even remotely reasonable if bitcoin was succesful.

A few people pumping it and everybody becomes hype again, meanwhile people are panicselling their bags to new bagholders.

panicselling at a lower price at which they bough isn't very smart, better get rid of naive traders altogether

i remember you were adovactin a fall now, you're saying that bitcoin is struggling, next time you will say that we can't stay above 300 and so on, meanwhile we are actually rising by few step...

i think people are still comparing any climb, with the 1200 climb, that's their problem..

we are still waiting to see your prediction come true about the sub $220 tomorrow for nearly a month now :D
for reference:
back to 220 tomorrow time to sell is now (https://bitcointalk.org/index.php?topic=1092575.0)

I'm not seeing too much struggling to stay above the 250 mark to be honest... It is staying there quite comfortably.. Will be a very interesting month!