Bitcoin Forum

I really didnt wanna do it, but there just seems to be no fucking bottem... Such a persistent steady down rise. I hope another ALT will rise, Ill hop on ASAP. LTC seems to be moving..

In stock markets, it is usually the best time to buy when everyone lost confidence and couldn't see the bottom. I am applying the same rationale to bitcoin.

Yes but when will it end... Been waiting on it for months. Still going down.

If u r speaking the truth, then this applies to u => https://bitcointalk.org/index.php?topic=923785.0

But, I doubt, if u r really speaking the truth ;)

Average Joe dumping thread needs to add:
13) Make sure to advertise the alt you really want to succeed when telling everyone you sold all of your bitcoins.

You, sir, have what is termed "weak hands".

I ALMOST dumped into Paycoin. Then I took a step back and put aside the emotions and HELD. Bitcoin hasn't come this far for nothing. If BTC is going to the bottom I'm chaining myself to it.

And you, sir, is a full of bravado poser that was fuding in one of the Monero's threads not a long ago, Bitcoin deserves every bit of ruin it gets.



Lol I love this, same argument that was used against Bitcoin, you are scared shitless.

It wasn't FUD, I was simply giving my honest opinion. I respect poster/dev smooth, I hope the coin does well.

Unfortunately I hope Bitcoin goes away for good, it is hindering much needed progress, just my honest opinion.

Thanks for the cheap bitcoins.  I appreciate the sale.  If you happen to acquire any more for any reason, I suggest you sell them as quickly as possible so I can get some more.

Alt= alternative = price still tied directly to bitcoin.

Little bit of a problem there.

Can't say if your decision today was a good one or bad one, because nobody has a crystal ball.  But the trend certainly looks gloomy. 

This is also a classic case of why you should only invest what you can afford to lose.  I lost a bit too when I sold majority of my holdings at 3xx after paying around 5xx for them, but looking back...I'm glad I did.  My gut told me things didn't feel right, and I sure as hell am not going to keep 'loading up the truck' on a falling sword in attempt to lower my loss average.  Learned my lesson from silver.

Wish you the best whatever path you take.

on the market someone who has held till this far down would actually be considered a strong hand, but with a very dumbass stop loss strategy  :P

THIS.

to anyone else thinking of selling at this price:
Every time someone sells their coins, then that means some one else bought them at that price.
before you sell them, always think: who is buying at this price? are they buying at a low in order to sell at a high or am i selling at a low? do i really think btc price is going to 100, 50 or 1? what has changed since i decided to buy in at the price i did? what will be needed to change to get the price back above my buy in price? can it happen? can i afford to hold until it does? are bitcoins tulips 2.0, or something more?
the market allows winners to take from losers. in order for them to do that, winners buy low (from ppl selling low) and sell high (from people buying high). once this has really sunk in, you think about your trading very differently... really! (its so so simple its actually hard)
/arrogant rant over

Almost but:
to anyone else thinking of buying at this price:
Every time someone buys their coins, then that means some one else sold them at that price.
before you buy them, always think: who is selling at this price? are they selling at a high in order to sell at a low or am i buying at a high? do i really think btc price is going to 500, 1000 or 10000?
etc etc :)
/smug rant over

ouch!

Fu*k logic  :D :D

Well, we're all like in "bearish" mode now, but you dumped all your coins so you're going to be just another user that don't appreciate what bitcoin is and can be in the future.

No problem haha, they're probably in better hands now ;)

LOL at all the old timers here.....

BTC is most likely going below $100. Why buy his coins today when you can buy his friends coins at $100 in a few weeks.

 ;)

Don't try and counter the shiller.  

Obviously, he's like a super duper smart market investor.  I mean, after all, why on earth did he buy at the price he did if he knew the price was going to plummet like this, and could have had 2-5x more coins for the same price?

lol.  Arrogance is bliss.

Why do you think it is going to dip to below $100? I think it will stabilize around $200.

Because $100 was where it was at prepump/hype phase.

selling after a huge run down in price.  
Great move.   ::)

If you believe in the fundamentals, this
is the worst time to sell... (If you
don't, you should have sold a while ago.)

And what makes you come to the conclusion of $200?  

It has just enough chance to head to $50 as it does to $150 at this point.  This is purely a speculation game.  But no big positive news about bitcoin means no influx of new money from 'new' arbitrary investors (no, I'm not talking about start up companies, but the regular joe schmoe on the street).

By my math 3,600 BTC daily emission rate currently requires
about $792,000 worth of "new money" from the Joe Schmoes on a daily
basis @ $220 per BTC ..

They're getting tired of supporting a losing proposition ..
Miners will keep dumping or they can hold and hope for better prices later ..

Triff ..

yep, thats it.

Not sure why some people want to ignore the elephant
in the room, but its pretty simple.  More supply than
demand means price falls. 

That's ok though, give it some years.  Things can change.

That made me laugh. Litecoin is the last coin I would buy if given a choice. There are only two main niches that I believe cryptocurrencies would be widely used for.

1) Transparency
2) Anonymity

#1 is taken by Bitcoin at the moment. #2's winner is yet to be revealed, but is likely by either Monero or Darkcoin.

IMO, price is going down not because some sort of flaw in bitcoin's infrastructure, it's just that bitcoin or any other cryptocurrency does not justify the price that bitcoin was sitting on. so I really doubt another crypto will take bitcoin's place.

I am into BTC for the long haul, that includes seeing the price crash through the floor. But with BTC it will get back up, brush itself off and turn on the burners and fly to the moon  ;D

Because I could.


I will.

Have fun on your new adventure. We will be here when you come back home.

I think you did it in the worst moment

when small fishes start to come out is a sign to enter the market

lol good answer.  ;D

This thread should be in the speculation sector, I can see that all that OP want is fiat money

Yes, but in the stock market there aren't 3600 shares released a day and sold on the market.

100% the reason BTC is falling is because of the 3600 coin reward. I actually just shorted some today. I will add to my position anytime BTC spikes.

Back in the day it may have been the coins were being hoarded by the miners. It's obvious that whoever is controlling most the mining now is dumping them. I don't foresee this changing.

As with all types of investments, you need to diversify. Don't put all your eggs in one basket.
If you plan to invest in cryptocurrency, diversify with BTC, LTC, and some riskier alt coins.

As for me, I owned 200 shares of Apple stock when it was $19 per share. It split half a dozen times since then. If I held on to it, it's probably worth around $600K today.

There have been plenty of 'rallies' on the way down. Learning to handle a bear market is a valuable skill.

who is the biggest miner? cex.io just suspended its services today. I think it had around of 60% from network.

Bitcoin is not a stock, its not even a currency there is no demand for it, STOP comparing it to stocks and currencies. Until the developers get off their asses and create a demand for this coin it is nothing. intangible invisible property anmd nothing more. Its a gateway for gamblers and porn watchers, for drug dealers and criminal and terrorists and nothing more.


You sir have what is termed "blind faith"



I call BULLSHITY, if you really were  really buying that many coins then the price would not be diving so hard. Your an idiot Show us your wallet address. let us confirm how many "Cheap Coins you have really bought this past week HAHAHAH. No talk needed just a wallet address YOUR wallet address since you are to cowardly to list one :)



Very few people are winning in Bitcoins right now, since there is no demand for Bitcoin, the only thing it has is its tradable value and since you have more sellers than buyers, the price declines, the problem is you guys and your FHP (false hope posts) are contradicting to what is really happening. If all these people were buying the coins as fast as people were dumping them the price would never move, but the honest truth, it has done nothing but decline the past 7 months. DECLINE DECLINE DECLINE, which tells the true story that all you idiots telling everyone "thanks for the cheap coins" and " yes sell your coins so i can buy them cheap"  and "Way to go dont let the door hit your ass on the way out Ill buy all your coins" You guys are all talk and no proof, These members rarely have a bitcoin address listed so you can see the proof of thier lies, they have no websites, they have nothing contributing to Bitcoin except the normal pump scam and false hope posts. and the market tells a different story than them. Ill believe the market not the morons posting this crap.



What makes you feel their are any kind of fundamentals in a currency that has no demand. Please learn a bit about what fundamentals are in currency trading. Fundamentals are based on insight into how price action “should” or may react to a certain economic event, based on the response of the market during that same economic events movement the previous months in conjunction with that events movement the previous year . Since there are ABSOLUTELY NO economic events that would alter or move the bitcoin market THERE ARE NO FUNDAMENTALS IN THE BITCOIN MARKET., WAKE UP PEOPLE there are some true Forex traders in here who just laugh every time they read one of you idiots talking about bitcoin fundamentals and technical urinalysis, trying to play the big wig forex analyst.

lol, yeah, that's definitely the tip-off of the unsophisticated mind having a knee-jerk panic reaction. Not realizing that if BTC fails, they all fail, is classic AverageJoeCrypto.


The downtrends suck, of course, but if you don't have a 10yr+ time horizon, then you're doing it wrong. The ecosystem has gotten much larger and healthier over the past twelve months, while the disconnect with price got wider. It happens (especially after mining goes exponential for 2 years).

Don't anger the shills.

It's only TO DA MOON! And THANKS FOR DA CHEAP COINZ OMG HEHEH AWESOME!! in their world.  

I come from the precious metals market myself, so I know this mentality all too well.  Silver bugs --> Bitcoin Bugs.  They'll shill til the sun don't shine.  

they are not called "precious Metals" they are called commodities :) Bluff one called, where is your bitcoin address to show you are buying these coins Bluff 2 called.

just another False Hope puimping poster who is not buying coins but sitting there watching his investment fall to pieces praying to whatever god he uses that people will stop selling their coins.

Luckily I am not financially invested in Bitcoin from my pocket, But it pisses me off how the developers are so willigng to let things ike this happen over, and over, and over and over and over. Its bullshit. we need stability, we need certainty, we need something to attracts real investors. and what is goin on now happens all the time and does not help our cause. I believe in bitcoins and I dont care who sell what as far as my money in my procklet goes. I made my ROI a long time ago, But I would love to see something productive in here.

I think both the true FUD and the FHP posters need to just shut up we need truth, newcombers need truth not bullshit. I give truth, I tell the real story not some biased bullshit based on my own personal profits in mind.

This whole Bitcoin talk community seems to have one thing on your mind YOUR OWN POCKETS. maybe if you guys came together as a team combined your efforts, bitcoin would have had a demand by now.

But all the vets in this forum especially sit there talk about how they are buying coins so cheap ( and mind you they are buying nothing just biting their nails as they watch thier investment losing traction and money right now) they act so high and mighty, yet none of them combine forces and investments to secure thier own investment. The best thing bitcoins has going for it right now is the Wilkenvoss brothers trying all they can to get High dollars investors on NASDAQ interested. they have attempted to do more work for bitcoins value so far than anyone else involved including the devs.

The darkest hour is usually before dawn,Isn't it? Maybe you are right, but at the moment you find it is wrong that you think is right before

Uh lol.  Calm down, pare.  Don't know why you're calling me out, I simply stated that what you said about the bitcoin mentality on majority of these posts are true.  They have no clue about market analysis.  The popular public perception of bitcoin is that a good majority is comprised by late teen--> mid 20's adolescent atheist neckbeards looking to 'fight da system.'  But sometimes browsing this forum and seeing how incoherent and out of touch with reality many posters are...there might be some validity to those claims.


By the way, they are referred to as 'precious metals' by many.  Of course they are a commodity...I never said they weren't.  I'm just stating that I was in the silver market before I became interested in bitcoin, so the hype euphoria and shilling and shilling mentality are identical.  

Anyone that does not acknowledge this is, and has been a classic market bubble for the past year and a half are in denial.

Shouting in caps and asserting that you know more about trading
than the next person won't win you any points.

Bitcoin is unlike any other currency before it.  The fundamentals
here are obviously the blockchain technology, the fact that it is decentralized, etc.

There is demand for Bitcoin... it's still a billion dollar market.

I think the bitcoin price is only deflating to it's proper market price.  I'd say it'll drop to $25-50 and stabilize there.

Exactly why I am buying more BTC as we speak... NO weak hands here! Time to buy!!

• Bitcoin price Feb 2014: $800
• Bitcoin price Mar 2014: $700
• Bitcoin price Apr 2014: $500
• Bitcoin price on 14 May 2014: $430

May 15th-17th: BITCOIN 2014 CONFERENCE

• Bitcoin price on 19 May 2014: $500
• Bitcoin price on 25 May 2014: $600
• Bitcoin price on 31 May 2014: $680

What is about to happen:
North American Bitcoin Conference (January 16th-18th)
BITCOIN 2015 CONFERENCE in London (January 24th-25th)

Now is time to buy and hold!

you mean buy and hold until after the conference?  Aren't there always bitcoin conferences and doesn't the btc value always fluctuate?

I think the energy cost of production alone is like $150, so I doubt it will go below that.

There hasn't been many lately. The North American and London ones haven't been spoken about much here but are on the horizon soon. Also, the Texas BTC conference will be in late March as well as the one in Acapulco so these are a fresh batch of new hangouts in bitcoinland that will likely boost the market during the tenure. Good times ahead!

A bad time to sell.

I think at this point it would be fair to call his hands, "strong" but limited.

No thats the minimum. Look at the avg cost, We're getting coins at discount right now.

Tons of noobs only look at operating cost (management + electricity) while completely ignore the capital aka... cost of R&D, miners... etc. And i'm talking at manufactures level.

Dude, hes fcking joined in July 2014. Hes nothing but "strong hand"

sadly i am thinking about doing the same thing. but i am not sure yet what to do. i still have some faith in Bitcoin price left in me although there is no hope left :D

I'm aware of hardware costs, and the hardware cost is higher than energy cost is at retail level, but I was looking at it more from a manufacturer level where they've parlayed their profits from the bubble into hardware they might basically be sitting on for free, but the energy isn't free.

Miners will be there, black market will be stronger than ever before ( with all the economies stagnating or collapsing, the underground is going to be the biggest market) if it did not end when whacked from $32 to $2, then it will not end now, people will come back again at higher prices, and saying "shit! I missed the train"

Because it won't be below $100 in a few weeks.

precisely, I have seen it written somewhere :

When others are fearful, be greedy !! :))

Stay strong!