Lol
Poll messed up by perma bulls and their masses of clone accounts.
It is clear as day the rally is over and we are building a new crash the upcoming week, lower than it has been for over a year! Prepare to short hard!

You realize how small the bitcoin economy still is right? It's very easy to increase over 10% annually. Add to that supply will halve again soon.
Maybe a slow downtrend can be maintained in this bear zoo until the next halving.

I guess we will return to pre-November 2013 values before steady growth will continue.
Who knows though, if you check the orderbooks you'll see it's only one or a few people pushing the price down with a very thin order book. Any buying volume immediately takes the price up again.

We may check the previous year low but i don't think we will go much lower, fundamentals are still good, more acceptance than ever before, good transaction volumes.
Don't panic, don't let the shills, scammers and manipulators get the best of you.

Ripple is a joke when it comes to the properties that make bitcoin stand out.
That's not to say ripple can't be used, it's just a completely different thing, you can't really compare them imho.

The fact that you even try to compare them tells us something i think

Ohh and also.... wowww, this chart looks so much better than bitcoin! LOL

Apparently even adoption by Chinese banks can't save this ripple scam from being exposed for what it is.

Update: We will be checking in on 300 within 24 hrs.

Not what i expected initially, but things have moved over the past 24 hours, and not in a positive way.

To be honest i don't think we can expect a change any time soon. I was hoping we could hold around 320-330 for a few days before sliding down again, but support is all gone already and massive selling pressure is building rapidly. Quite sure we will drop below 300 within 24 hours.

I'm very enthusiastic about bitcoin as a technology, but the way people treat it, spread around fud for their own profit, try to scam each other etc etc, just makes me sad. Just shows we have the technology to advance money and finance, just not the mentality.

I doubt the people executing this manipulation have time for or even care about this forum or bitcoin in general.
When people make tens of millions per week they tend to shift priorities.

I've been able to detect 3 specific patterns of dumping over the past 6 months,  i suspect there are at least this many groups dumping a lot of stolen and scammed coins, adding up the volume from this entire period i would say we are far from done going down. They could be bots too ran by individuals or exchange owners though.

Ehhh no...
We won't go back up more than 3% (natural variation) before we test 260.
For the next 24 hours i expect 320-330 where it may linger there for a few days tops.
The i don't even think 260 will be a real test, there is zero incentive to use or invest in bitcoin, it's outdated technology and people are very much aware of it.

Why would anyone buy if you have 99.9% certainty it will be worth 5% less the next day. That is the definition of foolish.

You realize how many new coins are mined right? You also realize a lot of that has to be sold asap right?
We would be tanking A LOT faster than this gradual decline over the past months if no money was entering the BTC economy.
We are keeping quite strong for the current inflation rate.

It's foolish to think bitcoin is still around in a year time. Just look how the system is completely collapsing and unsustainable.
If it would still work technically, the value will likely be negative.

Wow! You say, that's impossible you silly!

No, it's not. The governments and banks will crack down on bitcoin and its users, criminalizing it. You will have to pay people like hackers to get rid of it safely to avoid prosecution. My bet is -0.2 USD/btc.

Banks and government won't have to do anything. Trolls and FUD will do their task. People are gullible and scared easily to crawl back to their 'safe and trustworthy' scam fiat.

Yes, what crazy fools to get fractions of currency worth 1000000 per unit which he can spend for the same real world value in goods and serviced...

All them fools getting USD's...

We will soon enter the classic 'fear' phase where massive selloffs will happen. I'm not talking hundreds a minute, rather tens of thousands per minute being dumped until the system dies.
Bitcoin will not die off slowly, it will be with a big collapse and it will be any day soon.

I had hoped we wouldn't break this indicator, but we have, and quite so.
We can expect sub 100 in a 1 to 2 month time frame now. Worst of all, there's no indication it will stop collapsing there.

Unfortunately those are extremely rare. Yes, there are hundreds, but we are talking global economy here, so yea, extremely rare.
Plus most merchants apply higher prices for bitcoin than for any other payment method. Kinda ruins the whole point of low fees n stuff..

I would think there would be a selloff rather than buying. People need fiat for all those gifts.

I can confirm this. The hack has been claimed by a very advanced small hacker community from India. Let's see what they will do with it.

Well... There's our dump...
Interesting how high volume always comes with price drops.