Bitcoin Forum

as well as the idiots who claim to be able to predict future bitcoin price movements down to every daily squiggle.

look at this chart, it says it all

http://www.coindesk.com/data/bitcoin-daily-transactions/ (http://www.coindesk.com/data/bitcoin-daily-transactions/)

that's all you need to see to know where bitcoin is headed long term.

Serious question, maybe I missed it somewhere in the heaps of garbage around this sub, but why the bi-polar attitude swings? I thought you were done... DONE!! ?
https://bitcointalk.org/index.php?topic=923411.msg10135585#msg10135585
What clicked? Why the change of heart?

Maybe because OP got a bit carried away by his emotions. We all wanna make a quick buck now don't we? The concept of holding is a bit too much for some people.

This is due to wallet software using more and more addresses, more sophisticated mixers, and proof of concept services sending thousands of microtransactions between them. This number does does not correspond to people, at least not suddenly at the scale indicated in that chart.

I might have explained it in detail if you looked at more posts.

I sold all my bitcoins on the way up, between 400 and 600...... I truly believe governments would ban it, and it would crash and burn. Also at that point it was not very easy to spend, and the apps for it were not great, the exchanges were bad.

sometime in the last few months, I revised my opinion, and I bought back in much lower, so you can't fault me there.

Anyways fast forward 2 years. BTC is not banned (in at least the places I care about). More importantly, volume is heading way higher all the time, per chart I posted, apps are getting good, and its much easier to spend BTC now. Exchange are way better too.

Plus we now have the issues of fiat disaster, with neg int rates, out of control QE on the horizon etc, which we didn't have 2 years ago.

Only stupid people don't change their minds as facts change. I am not married to any opinion ever. I change my mind as the facts change.

visa debit Bitcoin card you can spend anywhere, transaction volume is fake everyone knows this already stop using confirmation bias, and buying into reddit tier hype and dopamine seratonin stimulants.

The exchanges still stuck. Mtgox was better, before it died. Fiat has been in a disaster for the last 10 years (its the mantra of bitcoin) and interest rates are going up.

Cant even do that anymore.

I'm absolutely laughing my a** off here. You must feel like a complete douchen buying at 470 or whatnot and see it go up in smoke in seconds. Now desperately trying to make people buy your bags before it crashes sub 400.

How many of you got your finances burned to ashes today? Just curious...

keke i bought at 275$,375$ and around 410$

I also think it is only going upwards. As trend is upwards and it have taken a while to reach 420 but it move fast to 460 than drop suddently within 15 minutes. This is pure manupulation, but this time people are more calm than before and they are holding. So better get more coin before it is too late. Buy buy and buy for now.

Bitcoin is a deflationary currency. It is designed to appreciate in value over time. But it's not one of those HYIP's where you invest your money and you're "guaranteed" to get your money back + double in a few days, or a few hours.

I believe in BTC. I believe in it's upward value trend.

I don't get why people are so pessimistic and negative towards the value of BTC. Maybe they're just jealous. Who cares, they're the ones that are leaving out of this wonderful opportunity, not us.

I first bought at $100 and traded so much that the cost basis of my coins currently $2. The current drop did effect the value of my coins in the short term. However, I'm glad the drop happened when it did, in an appropriate place in the chart, because I'm really doing is waiting for an appropriate point after a long flat period to take a leveraged position. I was in no way comfortable taking one now.  Even if the price doesn't go down any more from here, I don't want to pay margin and hold my coins on an exchange for months. However, when the real breakout happens, I hope I'll be ready, and I'll have a filled in chart behind me to be confident about.

You have got to be joking because that is absurd.

You could make some BTC off the price difference between Mt Gox and other exchanges like BTC-e before it died.

I guess that's a valid reason to say that Mt Gox is a good exchange xD

There was a whole network where you could transfer fiat from some other exchanges to mtgox literally instantly (and lots of other services and some channels to other exchanges too). You'd click something on btce and 2 seconds later, funds are in your gox account ready to go. Where can you even do that sort of thing now? All the exchanges are so serious about fiat now with antimoney laundering, kyc, anti terrorism, etc. You're lucky if you can even get the fiat to your bank account.

That wasn't all though. It most mostly the giant order book with 300K btc on the bid, the huge volume, the api, and the Clark Moody site.

You're gonna have to get over all that. Does clark moody even exist anymore? Mark was fluffing the book, the fiat channels are regulated and monitored, and the traders that are left... all want to eat your lunch, after they finish with the panic/euphoria appetizer.

I never listened to all those retarded haters. They can say whatever they want but it will never influence my actions. I do what I want, when I want. If I listened to the haters, I would have never made the best investment of my life, Bitcoin.

The massive dump to just over $400 is a great opportunity to buy yourself some coins, even now you can step in at below $430. Don't wait.

I bought Bitcoin when it was around $100 and until now I have only spent 0.5BTC on purse.io where I bought a gaming headset and mouse.

next time you will say that we will crash sub 500, then sub 600, you know where we are heading right, with this?

the average increase is what it matter, why people can not understand this simply concept, all the p&d and swings that may occur while we are increase as average, does not matter at all

they are there to permit pro trader to have their daily profit, they are the fake part of the market

Pretty obvious, because metals followed oil and all other commodities into the shitter.

You have been under that rock for too long. This discussion has already been held without you. For example, what about all the offline transactions because of Coinbase and Changetip?

Partly because of the blocksize and confirmation times it makes no sense to settle each micro transaction on the blockchain. The (indirect) real usage of Bitcoin has increased dramatically over the last two years.

 In the SHORT run, there is no real support for the current price level rampup.

 In the LONG run, I do see Bitcoin pricing increasing - but it's going to bounce quite a bit in the meantime like most investments.

It is called Liquid. Time to do some homework before you start your renewed posting spree. The exchange you are talking about is long gone for very good reasons. Most of us turned that black page long ago, even the mainstream media is starting to be able to see past that era.

https://blockstream.com/2015/10/12/introducing-liquid/

Whenever we jump price so fast its usually a sign that theres something behind it pumping it and not natural uptrend but this can be a good thing since we may well crash down to levels higher than when the pump begun. Its win win.

Even without seeing these data almost anyone wait the rise of price. I don't think there are to many them who tell to not buy. Almost every post I have read about this matter tell to buy. Who tell more and who less but almost all tell to buy. Slowly but with determination the price is rising. Everyone want this but for me must wait a little. First in order to have the financial possibilities to buy some others before the rise of the price and second to have some return from an investment made with bitcoin when the investment is made in bitcoin, the profit is given in us dollar and then the withdraw (with obligation) must be made in bitcoin. Thing this not declared when you are invited to invest. So if the price rise fast I cannot have even my bitcoins.

ok, so the naysayers are also going to claim the bitpay transactions are faked?

http://blogs-images.forbes.com/laurashin/files/2015/12/Screen-Shot-2015-12-06-at-11.55.25-AM.png (http://blogs-images.forbes.com/laurashin/files/2015/12/Screen-Shot-2015-12-06-at-11.55.25-AM.png)

Everything they can get their hands into, just to spread some fud. :) Been buying since the lows of this year and somehow it turned out to be a clever decision for me. I would love to buy some more but Christmas is just a week away and I haven't bought any presents til now :v Anyway, people, buy what you can afford to lose and don't be like that guy who took a loan to invest and got burned in the end.

Of course all investment involves risk and everyone should be free to choose where to put his money. It is clear that there are several persons that use to reject the bitcoin as a reliable investment, but this opinion does not make them idiots because ultimately every one is free to think according to his own principles and rational basis.

I personally think it is still a good time to acquire bitcoins, but I understand all them who dislike this idea.

You are absolutely and i am trying my best to get as many bitcoins as possible. Because the value of bitcoins is going to increase a lot and then we l gonna have a lot of bitcoins and earn through it  by selling it .

But bitcoin price are facing a huge problem because of the precense of BTU. I don't know what is happening to bitcoin. For it is alright to stay put what bitcoin is now. This is all start when bitcoin shows a multiple price jump on past month. I hope that this will not affect the future of bitcoin.

Is this a post dated necro post too?

BTU is so totally last month. They've played their hand and lost. They'll probably reemerge in another form but I think fatigue is setting in.