Bitcoin Forum

It's the weekend beginning. We are at $207 (BFX). Let the crashes begin!!! I think we won't crash as big as recently, but min-crashes are incoming. The question is how fast can we recover?

By Monday, I say we'll be seeing $150.

Not buying heavy until $65

I would never buy above 2$. Way overpriced!

 :D :D :D :D you will be waiting a long long time for that to happen and you are missing your chance to invest now

Invest NOW! It is currently the best get broke quick scheme (or the best get quick rich scheme with naked short selling with leverage) on earth (altcoins excluded).

Lolz, and why do you think that that would happen soon? Or that it may ever happen? Do you think of BTC as just a P&D opportunity and not as a secured technology? On what basis can you determine the value of BTC overpriced?

He is probably from the past .
Else, there is no way its going that low anytime soon.

It is still early 2011 or?

Mirsad = Dr Who

We'll see, but I did say heavily ;).

We did crash to about $190 level over the weekend; however, we DID recover to over $210 currently. I was wrong to speculate $150 by Monday. I got carried away, after saying "mini-crashes" were going to happen.

Now the question is, "Will $210 hold this week?"

I'd say we will slowly decline to $200 by Friday, January 23, 2015.

we will likely trade in this range for weeks just like we did when we hit $300 until the next leg lower.
any kind of big rallies has been met with instant smash downs back to the lower levels.
we seen this happen recently when bitcoin rocketed up to 450 and was immediately smashed back down.
btc is being held at these lower levels by (dare i say it) manipulation .
the process seems eerily similar to the pm smash downs and caps.


"swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down." --- aztecminer


because of this right here i believe that pm's is a better and safer place to put money.
the eu is in process of diving into another recession due to the russian sanctions ..
the eu is preparing to do more QE printing ..
the us dollar is raging @ATH's and looking back in hind site the usd ALWAYS crashes back down.
we are in the midst of a developing currency crisis and bitcoin aint doing shiat .
totally disconnected from reality and market forces.
amazon could accept bitcoin and NADA we would trade sideways.

http://www.valuewalk.com/2015/01/swiss-bank-currency-war/

How many times do you have to be wrong to stop posting this crap? Do you really think anyone cares what you think?

Or i guess it's just trolls playing with numbers. With 50/50 probability out of 100trolls one of them has to correctly predict up/down movement 7 times in a row. Then you get a following and then...profit  ???
Out of 100 trolls 50/50 chances on correctly guessing up down prediction
1 - 50 right
2 - 25 right
3 - 12 right
4 - 6 right
5 - 3 right
6 - 2 right
7 - 1 right

The smashdowns come from shorters that sell heavily into any price rises. The market won't go up significantly until they are sure the bear market is over. They've been getting burned lately as many of the whales whose coattails they rode all year have covered and are now waiting. Slowly but surely they will begin to turn bull, either by stupidly continuing to short after a huge capitulation and 85% price decrease and losing all their gains from the way down, or by realizing that they are now in the minority and go long.

Lookks like you were wrong. The price rather went up and has been stable for the past 2 days.

First thing before reversal is stabilization. Price looks quite stable at this point.
People will eventually realize we must go up. Chart looks healthy as fuck.

What you call 'smashdowns' was whales getting out. They buy it up and dump it back immediately. 'Pump and dump', that's the game.

As long as pump and dump still works it isn't entirely dead. Keep hoping in case you can't sell!

the bears have the 3600 coins mining inflation on their side. maybe bitcoin did not move from the snb news because no one thinks of bitcoin as a safe place to put money. pm's does not have these problems. it doesnt matter how much they smash pm's down people will buy them and buy more as they get cheaper. that is why central banks have to smash the pm's down because left un-manipulated we would have 2000+ gold and 100+ silver by now. problem is as they become cheaper people buy more of them and they start to have shortages. on the other hand if an economic crisis is incoming along with bail-ins and currency conversions then everyone had ample time to buy pm's (and in this case bitcoins) . it seems we will be stuck in this bear rut until the 2016 reward halving .. still HODLing though .

it's just that the smash downs to lower levels and then trade sideways for weeks smells like the same thing happening in the pms. and when we went to 450 and that was immediately smashed back down to 300 where it was capped and traded sideways again until this most recent smash down to 200 where again it appears to be capped and is trading sideways again is exactly the same we been seeing in the pm smash down's manipulation. it is still up in the air whether it is a good thing or bad thing. low prices great for buying opportunities but if we compare to pms then we could see this shiat could last literally for years. the us govy doesnt want anyone in anything other than usd which is why i starting to suspect something more than just inflation and polar bears.

The 3600 coins a day inflation does not necessarily have a great deal of effect upon the price in practice. Some of the largest miners do not actually have to sell their coins at all as they have very large VC funding rounds under their belts. Inflation is simply a nice solid reason to blame price weakness. In a similar way when the price rises and the bull market resumes in a few months there will be a reason cited then, too. :)

The bitcoin price is unrelated to mining costs or coin inflation (block reward).

Moar Bullshit! Please serve me moar bullshit!

Wow dude, just wow.
You are insane.

why you mad, bro?

Demonstrate a relationship. I'll hold my breath.

Edit: shouldn't be much of a challenge for an intellectual giant of your standing lambtroll.

Its actually realted to a large level. 3600 coins are generated from mining and can be dumped daily. If halving happens, then that dump would decrease. So in a way, price fall will slow down, and possible rise will happen.

Well how do you account for the price rising as inflation has fallen since 2009?

I'll say it again. The bitcoin price is not related to the cost of bitcoin mining.

Repeating a false statement over and over again will not make it right...

The price is set by supply and demand - sounds incredible for a noob, but is actual fact.

I don't know. From what I've seen, there's been attempts at manipulation at every turn in bitcoin trading. Only about 1% of the bitcoin users own over 90% of the coins ever mined. These early adopters and whales have been dropping the price all last year and big time this year so far. They have a vested interest in doing this. By selling off their early coins, they realize 1000% or better profit; at the same time, they can depress the price, buy low & sell high principle at work, rinse and repeat. Rich get richer and poor get poorer. If you are new to bitcoins, be very careful, don't be a bag-holder. Newbies at this point will never get rich off bitcoins. The train has left the stations a long time ago. You risk being a bag-holder at this point. Early adopters and whales have all the coins and money at this time, and they are greedy pigs, they want more. Noobs are warned, do not buy into bitcoin at this time, go buy silver or gold but not bitcoins.

Nice nickname there. The problem is I dont know if you are trolling or hating.

3600 mined coins a day = 25200 bitcoins mined a week

25200 mined coins a week = 1310400 bitcoins mined a year

we are mining over one million bitcoins a year atm.

that seems like substantial amount to me when consider we only ever going to mine 21 million coins.

Cause you promised me $150 coins so i leveraged shorted at $200  >:( what is this world coming to when i can't trust random internet person with my investments?


Are you intentionally leaving out the detail where that'll only hold out true for about a year?
https://en.bitcoin.it/wiki/Controlled_supply

^^^^^^^
Don't be so flippant. If you really shorted at $200, you'd have made some money at some point over the weekend. So, stop whining. Price did dip, so why are you still so mad? If you don't like my post, stop reading it, go wank somewhere else.

Maybe because the price was ridiculously lower so that the USD VALUE of the coins mined a day was ridiculously smaller as well?

This is basic math.

Ps: i'm not lambchop

you do think we have incoming crashes?

did you spend any of your time reading all the news like
https://www.cryptocoinsnews.com/bitcoin-remittance-services-indonesia-save-migrant-workers-374-million/
https://www.cryptocoinsnews.com/new-york-stock-exchange-former-citigroup-ceo-invest-coinbase/
 etc..

did you calculated the next bitcoin difficulty going down and you speak about incoming crashes?

excuse me but this is like someone enters a house and shakes the lamp and tells the other "earthquake"!!! move out of the house....

of course he stays in and grabs everything he can :)

got it????

^^^^^^
I am a short- and mid-term bear, and am a long-term bull, definitely neither a permabear nor a permabull.

Go troll somewhere else.

I think you said it better than I could..:)

The purpose of my post is to warn those who are new to cryptocurrency. Do Not Buy Bitcoins or Any Other Cryptocurrencies At This Point in Time. There's a huge amount of market manipulation going on currently. Do Not Buy Bitcoins or Mining Hardware At This Time. Hold Your Cash, Invest in Gold/Silver/Other Commodities, Never in Cryptocurrency.

You were wrong. That is were pure guessing gets you: Broke.

is this for my post please?

Holding and actually resisting minor dumps (manipulation attempts!?). If people were sure, shorting was a sure thing these days, they'd do it. Since they don't, I'm not so sure we're about to go down now.

Dude BTC just hit $220 i had to whore out my girlfriend to cover my margin after shorting at $200. What the hell were you basing your analysis on >:(  Will $150 still be coming or should i cut my losses and start buying up now, oh great one?

if i were you i would buy NOW we are going up smoothly my friend.....
don't hear i would say paid trolls and do your job. bitcoin is here to change what we know and you are in don't loose the chance..
but of course the call is yours :)

I bought some just below $190. cant see going MUCH lower than that in the short term.

Seems to be a smart move.
You have made yourself a nice profit, if you lock it in now.

thanks to some cheap coins i earned a new laptop for just buying 194$ and selling 232$ :)

thank you for your cheap coins :) of course it's not a good day everyday but even if price was 60$ i would buy as much as i could :)

remember me and watch around you... we are heading UP

Well he's still predicting doom in others threads but hopefully he learned his lesson and stop making new threads with baseless predictions. Or at least should discourage next bearstrodamuss, but then again probably not  ::)

So where are the crashes?  ???

there will be no more crashes down...we are going up from now....with spikes etc but UP

no more crashes for now. Too predictable, the syndicate probably changed strategy

FAIL : price is 240$ and we are looking up.

Too bad, the price now already at $245 :)
And it will rise up more & more

Maybe you have guess better next time

Yes we have been well over 200$ for a week and we are climbing back to 300$.

^^^^^^
This is the correct answer. They noticed that we've noticed it, so they've changed their course. You can thank me later. Don't hate me for being a Cassandra.

this topic would have a point if creation was before mtgox crash or before bitstamp crash....
as for the next months we are going UP :) no crashes

Who?
  ~Cassandra_PR

still far away from uit's glory price, another crash could be expected at a slightly higher price, than the current one

There will always be consistent downward pressure on bitcoin.  Big Miners have bills to pay and need to sell regardless of price.  They'll sit on what they can while they can afford to.

The current situation is a clear example of problems the bitcoin network will face in the future. Miners only continue to operate when it’s profitable. Bitcoin value will always be tied to operating costs of people, equipment, facilities & energy.

Not always, once big old money comes thanks to initiatives like the Gemini exchange by the Winklevii we'll see a bigger demand than offer which will translate in an uptrend.

Even under the shadow of Mt. Gox & Bitstamp, this will be scary huge.  Strap in, 2015 will be a wild ride if this ETF is approved. This could save the large Mining operations for awhile.  The just curious money alone will create a second bubble, remember to set your sell triggers.  Then buy back after the dust settles.

“But Mr. Luria sees Bitcoin’s wide price fluctuations as a risk for investors. Bitcoin isn’t the only commodity that trades 24 hours a day, but it does have wilder price shifts than many other assets.

“The price could decrease tremendously after the market closes, and you won’t be able to do anything about it,” Mr. Luria said.”

http://[Suspicious link removed]/vnu5HV

it's very clear now that innovation and the world of bitcoin and of course not only the price will go up in every level....

there will be no crashes guys.... buy now is my opinion when you still can.

and of course don't spend more that you can afford....

There has been a crash, now it is improving; the Euro and the Dollar will go down and the reward halving is coming so we have a good set up for a huge price increase to come back to more than 500$ then higher.