For him to be able to short, he would have to go to Bitfinex.
After MtGox, Bitfinex is the second last Bitcoin exchange that I would be comfortable having my funds on. From the Bitfinex hack of just a couple of days ago, someone got totally fkn robbed blind. If it was Bitfinex users who are taking the hit, then that is bad news. If Bitfinex itself takes the full impact of the hit, then they themselves could be finding themselves in an insolvency situation or at the very least, having liquidity problems.
Not somewhere where I would want any of my USD or BTC.
You can also go short on BTC-E through meta-trader. Although it's not as user-friendly as Bitfinex. |
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Of course not.
Sub-$700 did happen briefly though. Such capitulation. Much crash.
Monday will be interesting when Gox announces its broke.  |
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Cool idea. Would be funny see an episode on him getting Goxxed. Anyhow, good luck. |
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Unlikely it is completely over, sideways/downtrend will continue for some time.
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1W MACD, Apple, Gox, Russia mainly...
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Gox CEO bought major put options that BTC is going down big time. So, he crashes his exchange, watches others follow. Cashes in.
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I hate it when people say that. You want BTC to die so you can buy more, but what's the point? Yea $300 doesn't mean BTC is dead but that's a hell of a crash, it will hurt its reputation as a storage of wealth and keep people away form investing.
Even at 300, its 1y % gain is still ridiculously high. |
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Might take a couple of days. There will be bounces that stall the inevitable.
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no one is going to buy, bitcoin starts falling to $0 slowly. Everybody is sitting on their capital gains and spam the HODL bullshit all over the forum in the hopes that other people don't realize their gains.
Stop being such a hater, be realistic if you want to make money of this thing. Of course it won't go to $0 as there will always be some people who will keep/trade them. Price might go much lower, but the network effect will keep bitcoin at least the dominant crypto for 2014. |
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This doesn't work. Institutional investors have just entered the Bitcoin market, and the average member of the public is far from being in.
Most wall street types think bitcoin is in a giant bubble. They will be buying when panic hodlers sold to them for half price. |
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But people won't. No one is going to trust a currency owned by a large, evil company over an open source one.
The average sheep consumer only cares about convenience. Many industries are led by ''meh, good enough'' companies rather than the best. |
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Unless it's truly an anonymouscoin, who the fuck cares.
Big banks would trust a Googlecoin over Bitcoin.. Not saying it is going to happen, but just keep on eye out for it (meant for the noob OP). |
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you guys really wont think it would come back to 1k?
people here are speculating 3k for 2014
you guys disagree?
It might. But chances are statistically more likely that it will go lower in the following weeks before picking up again. Also, keep an eye on bitcoin competition in 2014. Something major like a Googlecoin or the like would be bad for BTC. |
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fixed
1W MACD is very bearish... almost never played out well for bitcoin. Bull market is over for a while. |
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Hodlers will get burned:  |
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How can you trust who is holding the gold for you?  Seems far too risky to me. Also, previous e-gold attempts all failed. |
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Did the developer mine it or simply go abracadabra woila?
It's based on mathematical algorithms not cryptography/mining, but similar overall. As for the distribution, they give it away fairly generously so over time the distribution becomes relatively fair. Also, keep in mind that Ripple is targeting big banks and forex traders. It doesn't really focus on merchants yet. Its major growth potential are with major banks becoming ripple gateways (which is very likely as Ripple is more palatable to regulators than bitcoin). |
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btc vtc doge ripple
I do love the ripple, 100% premined with most coins donated and being used on world connect to fight for aids and map cancer markers.
Now that's, serving a purpose! Give it a go, once set up it works great, ive been getting paid everyday.
And the wallet is simply awesome to use, so easy to convert your ripple to any currency,
you have a virtual cryptsy inside your wallet. It's different, useful, one out of the box, has a good following,
suit me to a t.
Not saying pre mined coins are good, no in the slightest, but in this case the developer gave it away for good rather than greed.
XRP is not premined, as you can't mine it at all. They are just simply distributed over time. |
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Don't be a fool. The price is determined by supply and demand, the entire world population is the target demographic, and there is less than a tenth of a percent that use it right now. Bitcoin is going to become worth at least a hundred times what it is now within years. You won't find anything with a similar ROI.
Bitcoin is too anarcho-libertarian/cultist to go mainstream. Most of the elites already mock it and don't fear it. IMO, some Ripple/Ethereum sanitized variant of bitcoin that is friendly to regulators and banks will actually become the global crypto of choice. Nevertheless, meanwhile I will of course ride the various BTC waves untill its demise. |
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Stay away from most of them. Their value is merely based on bored/greedy BTC hodlers who try to get higher gains.
People call bitcoin a bubble, but these altcoins take it to a whole nother level.
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