The walls used to be more dynamic and impressive back when those following technical analysis were a bigger part of the market. A failed assault on a wall could trigger a 20% reversal. Now in this rally the walls are simply like mini speed bumps -- nothing that cause you to change direction nor even spill your coffee if you hit one when not looking.
lol |
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29.9->30.1 may be the biggest wall we see for a long time.
Im quite surprised that it doesnt seem to be fake actually. |
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Coinbase reeks of scam, whether they mean to be one or not. They appear to prevent customers from buying as the price goes up and preventing customers from selling as the price drops. "Technical issues" as a method of CYA is the oldest trick in the book.
The price has certainly been dropping as they've interrupted the chain.
They are silicon valley company, funded by noted investors. They are pretty much the furthest thing from a scam in all of bitcoinland. |
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rJFGHvCtpPrftTmeNAs8bYy5xUeTaxCD5t
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Final point that I think you are missing is that it's extremely easy to create new cryptocurrencies. Should Bitcoin's value skyrocket so high up that trading with it doesn't make any sense, people start to move to another similar currency that is more hospitable for trading, because at some point the inertia of changing currencies becomes smaller than the difficulty of doing business in the current one. This in turn will lower BTC:s value, and in the long run these two (or more) currencies will reach some sort of a balance.
I continue to hear this argument and don't understand the logic. It takes a significant amount of time, effort & more importantly infrastructure, to come close to competing with another currency. People will not start using ltc (or some other currency which does not have a significant advantage over the existing one) simply because btc is priced too high. There is simply to much friction stopping its adoption. The only reason btc is taking off now is because there are so many advantages to the existing currencies, it has nothing to do with the price. |
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oh btw: thanks arepo for voicing your concerns. I really appreciate it.
It's probably not easy as a bear on these forums. Keep at it, we need the bears to keep us sane!
Yep, we do. Cheers Arepo |
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Looks like you might be right about breaking 32 by Friday... I have a question - What do people think will happen when price hits the all time high? Are people expecting a pull back (if lots of people hit their target and sell, or sell expecting others to do the same). Or if it breaks the $32 mark and continues to rise, will we see a big rally as people panic buy, not wanting to miss the boat?
Just fishing for opinions here...
32 is just a resistance point. There will be some fight put up, but from the looks of it, much less than the resistance being put up at 30. If we get over 30 today/ tomorrow, I expect 32 to fall within 24 hours. |
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Congrats on your wisdom. Everyone has to learn the hard way it seems (myself included... I lost at least 10% of my coins in 2012). Now I just look at the fundamentals and these days - hold.
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 Ohmylanta  |
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..it is not possible since the only place that can now be called a bitcoin stock market is ran by some weird elitist egomaniac..
It seems you've been out of the Bitcoin securities loop if you think MPEx is the only exchange  ...and don't forget the delusional PR rep as well  Yep, havelock ftw |
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29 down, will 30 fall today too? |
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It must be a painful experience to be a bear. How do they reconcile thinking themselves to be so smart and yet be wrong at every turn?
it will go down, this last panic buying is kinda funny actually...   |
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Lets see how long that wall at 29 lasts
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And that is relevant, how? exactly. |
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An easy way to hedge against that type of financial war would be to just distribute X amount of currency to your citizens. If they push the exchange rate up 100x, that means you can quite easily support your country importing virtually everything (which in the case of seasteading is most likely to be the case anyway) at extremely low prices to you. Needless to say, I dont think this is the route they will take.
I would love to see the project succeed, but have little faith in it doing so.
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nope, just looks a random line at a specific angle. Why this angle? |
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i leave this here   This is, um, swahili to me |
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