Bitcoin Forum

I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study.

The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below:

https://i.imgur.com/cQ8G7MN.jpg (https://i.imgur.com/cQ8G7MN.jpg)
https://i.imgur.com/ZRJofhv.png (https://i.imgur.com/ZRJofhv.png)
https://i.imgur.com/NveJpUE.jpg (https://i.imgur.com/NveJpUE.jpg)
https://i.imgur.com/VjgnSlu.jpg (https://i.imgur.com/VjgnSlu.jpg)
https://i.imgur.com/HsUhGNe.jpg (https://i.imgur.com/HsUhGNe.jpg)
http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html (http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html)
https://www.cbr.ru/ckki/ (https://www.cbr.ru/ckki/)

http://giphy.com/gifs/math-zach-galifianakis-the-hangover-5yLgoceFO3BdJW1zvFu

...Fuck Logics ::)

Instead of gaining price momentum, bitcoin keeps losing momentum. A few years ago, it hit an all time high of $1250. Since then it's been all down hill. The recent gains topped out at 791 a few weeks ago. Many forum members predicted $10-20k by the time of halving, it never even came close. Bitcoin price is going down to 250 which is the correct price at the moment. I pity those fools who paid $600-700 for a coin. Chinese bag sellers will thank the fools. We will never see $1k again, not in our lifetime, maybe in our children's.

$250? Maybe for a short time, but based on everything I've confirmed, the price is likely headed much lower than that.

Oh, well I guess that's it then, it has been confirmed by bold typeface. lol  :D

He's been bearish since $1.00, LOL.  See below his post copied from 2011.


3327    Economy / Speculation / Re: How Much Lower are We Going? Already at $2.25 !!!   on: November 17, 2011, 01:08:25 PM
To answer the question in the thread title...we're going all the way down.  There simply is no reason for bitcoins to be worth more than a $1, no reason at all.  Nagle has been right.  When a bubble pops, it pops all the way, and in the case of bitcoin, there's no reason for a legitimate recovery on the horizon.

Please.. this have to be a joke...

That and this: You can't argue with this confirmed graph!. That's OP's best confirmation. The quantity of analyzed information is just overwhelming.

https://i.imgur.com/ZRJofhv.jpg

He missed out on 65,000% gains.  I dont think I would take his investment advice!!!

I wonder how he determined that $1 makes sense while $2.25 is overpriced?


Woh! look at those lines! Lines don't lie y'all!   :o

This reminds me of the 2012 end of the world bullshit.
You speculated in 2011 that $2.25/Bitcoin was way over-priced, and today you're saying $250 is higher than a coin is "worth"..

Are you just trying to pull as many people down with you as you can, or do you actually believe you've confirmed something with self-developed Paint trend-lines that are incoherent and not even labeled to the capabilities of 4th grade math?..

https://img.memecdn.com/rofl_o_910314.gif

Man how old are you? Four? What kind of analysis is this???

I can confirm the above.  8)

Exactly, plus all the data from the foreign language sites. It's clear we're heading further down for the long term based on these data.

 :D

Night of the Living Trolls I tell you. I wonder if these shills are being paid in Bitcoin lol.
The halvening is happening tomorrow. The first halving was followed by a large increase a few months after it happened. Just Hodl and ignore the trolls who have been wrong since $1 lol

Alpaca troll is back. Bullish!

Welcome back proudhon ! Nice analysis , time to buy few bitcoins :).

I've learned something by that graph. There is exactly 1 pixel between each upward line in the letter W on that graph. This has been confirmed.

I, for one, hail our eternal omniscient contrarian indicator, who has risen from forgotenness, to show us, what is NOT going to happen and what is NOT the way for the value of bitcoin to follow.

Thank you, Proudhon almighty, to guide us and show us, what will not happen to the bitcoin price. Thank you, for showing us, that the state of BTC is exactly the opposite of death. Thank you for showing us, what to not expect.

And therefore also what to actually expect.

http://nick.mtvnimages.com/nick/content/flipbooks/rabbids/rabbids-flipbook-to-the-moon-image05.jpg?quality=0.75

as long as there are people willing to accept and trade bitcoin for goods and services you can be certain bitcoin would never crash.
end of story.

I would urge anyone reading OP's post to look at his posting history from 2011 until now before taking anything he says seriously.  :)

Clearly time will tell.

Proudhon advised me to sell all my bitcoin when it was at $300 last year.


I believe this guy

And I would urge you, dear smoothie, to remember that I am an official confirmed source. It seems you've forgotten my magnum opus.

http://www.ibtimes.co.uk/chinese-new-year-bitcoin-ban-end-days-or-empty-threat-1434495

A haiku dedicated to proudhon:

When proudhon says sell,
Buy the shit out of bitcoin!
He's old, but not bold.

(Good to see you around these parts again, hope you didn't sell your account to some noob to make up your losses :D)

Nobody is going to take you seriously when you post crap like this as 'confirmed data' or lame ass charts that contain 0 information in them and can be the total viewer count for teletubbies last night for all I care.

https://i.imgur.com/HsUhGNe.jpg

Why would you assume he wants to be taken seriously?  It's just Proudhon clowning around as usual.  He provides some much needed comic relief around here.

You missed the comedic relief found in my post in your haste to say i missed his. Its plainly obvious that this is a troll thread..

http://imagizer.imageshack.us/a/img633/6498/RAReuD.jpg

... ^^^ ... Typing error detected ... ^^^ ...

It is very funny when someone thinks that he has the enough information to unmask the "truth" behind the bitcoin economy. Unfortunately this only can be a joke when 99.99% of people interested in analyzing and trading bitcoins are asserting the opposite with better arguments.

Not worth adding to the bitcoin obituary list, although maybe someone should start a site with the funniest "proof and evidence, and opinions" stated as to why Btc will "die". I still lol at Professor Bitcoins prediction he hehe, what an astute economics professor he is!

Chinese officials have been moving to treat bitcoin as a something the Chinese people have a right to be able to purchase. Remember the Chinese people are a mercantilist people, they won't want to miss out on the action.

Nope.  I read it all again... you're just not funny :P.

I hope nobody takes this troll seriously!  ;)

Thank you as ever for your sage analysis proudhon.

https://youtu.be/A7TuFy0fcuw

Bitcoin's a fad and it's on fire...
Higher than a fantasy
Like a singularity

Reminds me of the good old days. :)

Hello from Chile.

broken clock = correct twice a day?

I don't get your point.

Clearly you are here to post in the same manner you have been for as long as the old timers here remember.

I actually find you entertaining.

Nothing wrong with that.

my chinese source told me this:

4444.44 * 666.666 = 6.¯6

consequential:


- USD/CNY will be adjusted to 6.667 for at least 3 months, 2 weeks and 2 days after the halving.

- after 3m,2w,2d bitcoin price will:             - either soar to 4444.44 USD
                                                                     - or drop to 666.666 CNY, then drop to 23.777 USD, and finally implode to 000.000 EUR



Questions that remain unanswered:           - when did proudhon sell his BTCT account?
                                                                     - can rationality be smoothed out?
                                                                     - why do I feel so bored after posting in this thread?


thank you very much, have a nice day ...

Where did you get those technical analysis? Bitcoin will be the strongest currency after  a decade believe me. Its already in the book of prophecies

♬ Guess who's back - back again - Proudhon's back, tell a friend. ♬   :D ;D

Awesome. I wonder if this time around this thread will be quoted in Forbes or The Guardian. Can't wait to see the international trollage of news redux.

I don't believe in bitcoin death, as I see OP just started meaningless argue about something that have very low chances to happen. I think btc will not die that easily, and fast. With so many active users I think we can grow more.
Lets not make ridiculous predictions and concentrate on something more better. Bitcoin is here to stay and many people think same as I do.

Even if it is dying technology(or someday can be) even could keep it some value  and be used as a reference value, clearly talking about the worst cases.

i think you are right about it, but right now bitcoin is definitely not dying because the price of the bitcoin is pretty stable and not going down at all, i think it will be pumped soon

welcome back. 2013 all over again. great & confirmed.

The only fact Op confirmed by putting all these charts is that bitcoin is volatile and there are ups and downs.
And why BTC exactly it is dead again? I didn't see anything point to this conclusion at all :/
Seriously people, please stop with this BTC IS DEAD, FUD alredy.

Again, I swear that I can't figure out whether or not these topics are satire or being completely legit with their statements. I looked through the images and most of them are relatively meaningless images that just show concepts and nothing really in practice.

I can go here and emphasize everything right now;

Bitcoin WILL die because these relatively obscure graphs and images say that it WILL, even though my text really seems to imply sarcasm. This however, will go unnoticed by the community so I can scheme and seem like I am being real with my claims.

I cannot tell whether or not half these things are satire or not anymore.

Woo, the return of Proudhon, the original contrarian bear with a track record as long as his Alpacas neck..  

How are those Alpaca Socks working out for you 'Hon ?  If only you could still trade them in for the coins they used to be worth..  
what was it, about 10 or 20 coins for a set of socks back then ?   Not bad, a $10,000 pair of socks. :) Almost as good as the infamous Pizza

For those worried about profitability of mining post-halving, here's a gem from Proudhons early days. :)


Yes, we have a *confirmed miner here who was around in the $1 USD = 1 BTC days, and then decided about 6 months later that BTC was doomed to fail and started posting things like


and continued insisting that bitcoin was at unsustainable prices at anything over $5 from then on until he faded away into obscurity followed by laughter..  and here we are, years later, at over 100x his original doom predictions and he's back to share the benefits of his "foresight" with us once again.  

Now, we just need to get Him and KwuckDuck in the ring together and we would have the fight of the decade for the biggest doomsayer title.  

Yep, Proudhon = BUY

the massive fluctuations in the currency’s price, lead people to say that bitcoin is dead.  While the currency can’t exactly be labelled as dead. the price has gone a little down than expected that’s for sure but the currency has rebounded somewhat and is still receiving attention from a number of business entities.

Actually bitcoin has tremendous many times died since back then as you can see the chart on wiki we can see their the history of price flactuation and the past ups and downs has been made but luckily the price bounce back since many people still believe in bitcoins form and thats the reason why it still catches more business attention and the increasing users make bitcoins more alive, but we dont really know what will happen to it in the future if bitcoin will be out of the fab.