No manipulation at all  Manipulation was the price increase. This corrections are market forces trying to go back to normal. |
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Not much. By majority of population, bitcoin is perceived to be even less secure than banks, people are certainly not gonna put their savings in it.
Thats like saying account holders in cyprus would still feel comfortable keeping their fiat in banks. How do you justify your statement for any serious financial player? And how much did Cypriot account holders lost exactly? Let me tell you, those with more than $150 000 at the account have lost 10-40%, and those with less than $150 000 lost nothing. Meanwhile, those who invested in bitcoin last november, lost 60%. Those who invested in bitcoin 20 minutes ago lost 10% |
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Not much. By majority of population, bitcoin is perceived to be even less secure than banks, people are certainly not gonna put their savings in it.
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Buy & hold is the only way.
Fuck day trading & making a measly 20-30 dollars on each coin every now and again.
Hold for 10 years at least and see where we are.
In 10 years bitcoin will be in single digits or less, traders will be long gone with your money, and you'll be left holding bag. |
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$378 was the top, it's downhill from here
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It's not used to trade goods and services. Or at least, it's used only marginally for that. Most of it's use comes from speculation, trading other currencies with it, that's why I said it's financial tool, an asset. Bitcoin is a vehicle for transacting other currencies, but it's not a currency itself. It could be a currency, but presently it's certainly not.
Sorry to disagree but it is used to trade goods and services. I buy take away with it once a week. I could buy a new laptop with it on dell, or a hotel on expedia. It is supported by the transactions on the dark web with items priced in bitcoin only. There is a large component of speculation in the price but i am not sure why that is relevant, given the global forex market which speculates with >4 trillion dollars in currency units exchanged per day, with global gdp being only 100 trillion dollars a year. When you buy something with it, you're not buying it with bitcoin, but with fiat it represents. Goods are priced in fiat, not in bitcoin. That's why I say it's a tool for transacting a currency. What you're doing is when you buy a laptop you're sending your fiat via bitcoin to a retailer. Purchasing power of bitcoin comes from fiat, bitcoin is just a way of transaction, but not a currency itself. Think about it. Your argument seems to morph with each rebuttal Dark web, lol. That's all you got? |
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In the context of an 11 month bear market we have rising btc adoption, rising transaction volumes, rising merchant integration and astonishing VC funding into bitcoin companies this year. Fundamentals seem pretty bullish to me.
There is no real data on BTC adoption. Anyway it is obvious that the BTC price is due to speculation, not adoption. Without speculation, the demand for payment use may not be enough to support 100 $/BTC. The NUMBER of transactions is rising, but the daily transaction VOLUME IN USD is basically flat, somewhat down from January. However, we do not know how much of that is actual payments (BTC changing hands). Merchant integration means more merchants are accepting dollars or euros that come from the sale of bitcoins. It gives more excuses for early adopters to sell their old coins. I have yet to see evidence that it is attracting new users. VC funding seems to be going mostly into service companies, like exchanges, fund management, and payment processors; not into bitcoin itself. Most of those investors do hope that the price will recover, or at least stop falling, so that they get more customers; but they will make money even if the BTC price gradually goes to zero. And some service companies (such as slightly dishonest investment funds) will make MORE money in this case. The big fundamental fact in the last 11 months is strongly negative: the Chinese government has made bitcoin nearly useless in Mainland China. Apparently, the Chinese speculators who drove the price from ~140$ to ~1200$ have been leaving the market, with some ups and downs, since last December. A new bubble will require opening some new market, bigger than Mainland China was before de December decrees. Will the COIN ETF do that? It'd be in single digits, where it was before the media hype and speculative bubbles. |
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It's not used to trade goods and services. Or at least, it's used only marginally for that. Most of it's use comes from speculation, trading other currencies with it, that's why I said it's financial tool, an asset. Bitcoin is a vehicle for transacting other currencies, but it's not a currency itself. It could be a currency, but presently it's certainly not.
Sorry to disagree but it is used to trade goods and services. I buy take away with it once a week. I could buy a new laptop with it on dell, or a hotel on expedia. It is supported by the transactions on the dark web with items priced in bitcoin only. There is a large component of speculation in the price but i am not sure why that is relevant, given the global forex market which speculates with >4 trillion dollars in currency units exchanged per day, with global gdp being only 100 trillion dollars a year. When you buy something with it, you're not buying it with bitcoin, but with fiat it represents. Goods are priced in fiat, not in bitcoin. That's why I say it's a tool for transacting a currency. What you're doing is when you buy a laptop you're sending your fiat via bitcoin to a retailer. Purchasing power of bitcoin comes from fiat, bitcoin is just a way of transaction, but not a currency itself. Think about it. |
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The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
I don't think you understand bitcoin at all. No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound) I am guessing you are a young man with few assets. I wish you good luck trading up your holdings. All I can say to you, wealth is not measured in bitcoin, it is measured in dollar (and other fiat). You're not wealthy how much bitcoins you have, you're wealthy how much dollars they're worth. So what you are saying is assets can be priced in different currency units? What if one doesn't live in the US? That's why I said other fiat in parenthesis. Just something is priced in different currency units doesn't make it same as them. Bitcoin is an asset, financial and speculative tool, but not a currency. Why is it not a currency? It's not used to trade goods and services. Or at least, it's used only marginally for that. Most of it's use comes from speculation, trading other currencies with it, that's why I said it's financial tool, an asset. Bitcoin is a vehicle for transacting other currencies, but it's not a currency itself. It could be a currency, but presently it's certainly not. |
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The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
I don't think you understand bitcoin at all. No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound) I am guessing you are a young man with few assets. I wish you good luck trading up your holdings. All I can say to you, wealth is not measured in bitcoin, it is measured in dollar (and other fiat). You're not wealthy how much bitcoins you have, you're wealthy how much dollars they're worth. So what you are saying is assets can be priced in different currency units? What if one doesn't live in the US? That's why I said other fiat in parenthesis. Just something is priced in different currency units doesn't make it same as them. Bitcoin is an asset, financial and speculative tool, but not a currency. |
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The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
I don't think you understand bitcoin at all. No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound) I am guessing you are a young man with few assets. I wish you good luck trading up your holdings. All I can say to you, wealth is not measured in bitcoin, it is measured in dollar (and other fiat). You're not wealthy how much bitcoins you have, you're wealthy how much dollars they're worth. |
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That's a big "If"
Someone called deadcoin is obviously objective. The amount of people who are obviously paid to shill here almost makes me think the conspiracy theorists are right. Yep, you got me, it's a conspiracy  |
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Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry. Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying. The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits. Picking an absolute bottom for most people is very difficult, but extremely easy in retrospect. If the price rallies up to break 450 in november then the long term down trend is likely broken. That could happen in 24 hours. Given the incredibly bullish year we have had despite a heavy bear market I find it puzzling that a seeming majority of posters expect the price to drop continuously lower back to levels from 2 years ago. That's a big "If" In the context of an 11 month bear market we have rising btc adoption, rising transaction volumes, rising merchant integration and astonishing VC funding into bitcoin companies this year. Fundamentals seem pretty bullish to me. Perhaps you have another idea. Technically I see a high volume reversal at 275 and so far a higher low. I have no idea what will happen, but my guess is that it will go much higher. I am not 100% invested in bitcoin because I don't know that, sadly Nobody knows for sure, market is to small and easily manipulated, but the problem is you WISH it will go up. You're not objective and you can't see the reality. The fact is there is a strong downtrend, it is more likely it will go down than up. I'd say there is 80% in favor of 200s to be see first than 400s which are about 20%. |
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The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
I don't think you understand bitcoin at all. No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound) |
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Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry. Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying. The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits. Picking an absolute bottom for most people is very difficult, but extremely easy in retrospect. If the price rallies up to break 450 in november then the long term down trend is likely broken. That could happen in 24 hours. Given the incredibly bullish year we have had despite a heavy bear market I find it puzzling that a seeming majority of posters expect the price to drop continuously lower back to levels from 2 years ago. That's a big "If" |
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The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
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I don't see Bitcoin lasting much longer...I give it another year before value falls below $100 and then after that I think it will drop to less than $10 dollars a coin:(
I am soooooo hoping I am wrong but its just my guess
My thoughts exactly. Couldn't agree more. |
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Spot on, this guy say how it is. As I can see by the comments here, delusional cultist weren't even able to watch the video to the end. Truth is too painful |
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At this times, everything above 0 is too much.
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Sell while you can still afford a vasectomy. I mean, it's not impossible that you could get lucky one day.
Come on man - this has to be a spoof - who the fuck would pay for a 50 year old prostitute ?
If he is legit I reckon he could be in for a refund under the 1979 Sales of Goods Act - "goods must be as described, satisfactory quality and fit for purpose" - put the Croation fiat into btc - cost average down etc - this could all work out for the best in the long run IMHO.
Good point. That's not a some shithole. Actually there are millions of tourists every year. This is almost certainly a sarcastic post. He's telling bag holders right in their face they're losers and they don't even see it. |
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