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We are far from the bottom, we need to reach $30-60 before its technically even possible to recover.
There is so much dump volume incoming i doubt we can even hold up those prices and we may even drop to single digits shortly in a flash.
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Just cashed out 500btc bought at 170 for 200  Will buy again around $100 which will be rather sooner than later. |
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wtf i bought at 500 now its 200 i put a lot of effort and time into this and this is how you repay me by inflating my investment bitcoin is shit centralized exchanges centeralized bitcoin foundation
the bitcoin foundation should be abandoned they are useless manipulators of the price this isnt funny this is my life savings here and i dont want you to fuck it up for me its all your fault
im done im finished with this shit its a mugs game bitcoin will fall and there is no asset attached to it fuck you all i bet its those banker mastercard cunts shitting on bitcoin as well
No one have obligated you to buy bitcoin , it was your personal decision/choice. However in a long term we will be victorious don't worry. I'm assuming he took his loss.. So we'll probably be the ones celebrating on his panic sell. |
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@OP
If you send me a PM i can start helping you today.
We will start immediately to work on controlling your anger and generating rational calm thought processes.
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Welcome back sub-200
OP must feel silly now for buying overpriced coins.
I recommend you sell now before losing half the value this weekend.
There's a storm upcoming.
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Bye and thanks for distributing the cheap coins more.
I'm kinda disappointed to see you leave like that, mainly for what dinofelis pointed out.
Instead of 60m USD you only have 10m now? That's gotta hurt, your life is ruined man!
Bitcoin is just getting started, there is still much more to experience.
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At this point most of the panic is gone. Which is a good thing.
Whales are trying to trigger panic sellers by dumping +2K BTC in one go, but again it's recovering quickly and stays above $200.
Bitcoin is sold down way too much. It won't stay like this for long.
If you review the markets thoroughly then it's almost certain that some big players are accumulating.
Just wait until later today. It will be mayhem in a few hours from now. I put quite a few short options, should cover me for the rest of the year. |
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Very fast and good price trading.
Thanks!
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Sold my last few at 200, no worries, this is just a dead cat bounce, it's already started correcting down to continue and trigger more fear and panic.
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We are far from capitulation. This is only the first fear trigger, there will be at least two more, and they will be bigger and harder than before.
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Good job Andreas.
A bit disappointing from a public speaker. He knows this will be abused and only the "Bitcoin, the get-rich-quick scheme is dead." will hit the headlines everywhere, the second part will be completely ignored by most. "Bitcoin, however is doing fine."
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neo9436 is dead on, too much supply.
Which can also be phrased: No incentive for consumers to buy and use Bitcoin. The real problem is this. The 'real problem' isn't the 3600 coins dumped by miners. We are 6 years into this, and consumers still don't give a flying f** about Bitcoin, and have no incentive to buy it. That is the real problem. Lets focus on solutions for that instead of whining about the miners selling coins. -B- Sure 3600 a day is a big problem. Not... You're aware that just the four biggest exchanges have a total average trade volume of over 100k btc a day i hope? |
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I'm not butthurt, i had no choice.
I do however try to get a lot of coins back, there's still a lot of potential.
These dramatic times do help me accumulate a few more coins though, and i'm happy for that.
What i'm sad about is the impact this has in the eyes of the Average Joe.
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Current indicators show this slippery slope will continue to about $150-160 before another massive crash sets in, caused by manipulation and mass panic, it will drop to about $80-100 similar to what we've seen yesterday.
A bounce to $140-150 is likely to happen shortly after, to return to another last slippery slope and crash, dropping us to $30-$40, bouncing back to around $60-80. By that time i'll have more to tell on the matter.
Feel free to quote me for later reference to how insanely accurate these predictions are.
I may be off by a day or a week, but the predictions are always spot on when it comes to value.
And yet, you're probably broke, judging by the BTC address in your sig where you hope to get a few bitcents, if that. Why don't you put your insanely inaccurate predictions to work for you instead of creating threads on obscure forums? I try, i don't have much left though so it doesn't add up quickly. Unfortunately i sold pretty much all of my coins back in december 2012 for personal immediate need for fiat. |
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Current indicators show this slippery slope will continue to about $150-160 before another massive crash sets in, caused by manipulation and mass panic, it will drop to about $80-100 similar to what we've seen yesterday.
A bounce to $140-150 is likely to happen shortly after, to return to another last slippery slope and crash, dropping us to $30-$40, bouncing back to around $60-80. By that time i'll have more to tell on the matter.
Feel free to quote me for later reference to how insanely accurate these predictions are.
I may be off by a day or a week, but the predictions are always spot on when it comes to value.
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You've been seeing this advice for a bit longer than a few months now... mr. Troll...
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don't buy!
Bitstamp has to crash the market a bit harder and longer to buy all the coins back.
Give it two days before we hit double digits.
Then consider buying in the $60-80 range.
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Well we're a bit later than i expected, but here we go.
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Now that QE has stopped, bitcoin has pretty much lost all rights to exist.
It doesn't bring anything new to the table anymore that current monetary system doesn't solve a hundred times more efficient.
This is i believe the main reason people are running away from this ponzi really hard.
Yes, i say ponzi because that is what it has become at this stage.
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