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OK bears, you did it. Whats next?
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well i am out...good luck
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So let's call out everyone that said they were buying if we dipped to $480.  Why buy now, according to fallling we can have free coins sooner rather than later. You do realize that falling has been the one voice of reason among a bunch of permabulls here who in concert scream "buy more and hold because loosing money is great and the price will surely go back up"? Perhaps with the right major crisis the nations will accept the GNU World Order but I don't see that as likely. Now consider this: * LTC is traded at $4.855 * The total supply of LTC will be 4 times that of BTC. Thus, the price LTC should be 1/4th of the fair price of a BTC * 4.855*4 = $19.42  Falling a voice of reason... sure. LTC is doomed because it has no advantage over bitcoin, simple as that. |
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There is absolutely no reason why bitcoin shouldnt be at 1k already unless the overcompensation in this irrational bear market.
Absolutely no reason? How about the lack of demand? The hodlers are doing their job, but there has to be real demand on the exchanges to market buy the price up. We've seen no sign of such demand in months now. If this lack of demand were due purely to investors not wanting to deal with exchanges, that would be one thing. But SecondMarket doesn't give me hope of huge off-exchange demand, and more merchant adoption continues to keep additional sell pressure in the picture. We have a market exaggeration downwards and one symptom is lack of demand. Its about psychology now. The fundamentals keep growing stronger every day. |
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There is absolutely no reason why bitcoin shouldnt be at 1k already unless the overcompensation in this irrational bear market.
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Once per week, the market just makes no sense to me.
The price edges slowly up on small buys to 515. Walls appear, price drops, walls drop, price drops. Predictable.
Walls get eaten, price jumps most of the way back to 515 in minutes. Predictable.
Instead of eating the minor remaining resistance to 525 or 530, the market drops back to/below the price with walls. Weird.
BTC markets are tough to figure out.
Right now the market is insane, irrational, odd and just a pain in the ass |
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Think about this. There have been 100's millions of dollars invested in that mine. There is NO WAY that that mine is not HODLing a large % of their coins. NO ONE is going to invest 100's of millions into a business that can only exists of two years (because of halving). In case you are too stupid to understand what I am saying, let me try to make it more clear. If the owners of that mine only wanted to mine bitcoin and sell it for a quick and small profit, because they didnt really believe in bitcoin, then their business model would be to invest hundreds of millions into a business that would only last 2 years at the most and only return a small % profit. Thats INSANE. Whoever is financing that mine believes more in bitcoin than 99% of the bulls on this forum. You better damn believe they are holding onto a lot of it. I disagree. I think they are in for a quick profit and dont 'believe' in bitcoin. Its more monkey see, monkey do. most of bitcoiners involved bitcoin businesses for a quick profit, believe don't give you Luxury house/car/yacht/jet/.. ask Mark Karpeles for more details Man, this guy catches every crumb he can get. |
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Think about this. There have been 100's millions of dollars invested in that mine. There is NO WAY that that mine is not HODLing a large % of their coins. NO ONE is going to invest 100's of millions into a business that can only exists of two years (because of halving). In case you are too stupid to understand what I am saying, let me try to make it more clear. If the owners of that mine only wanted to mine bitcoin and sell it for a quick and small profit, because they didnt really believe in bitcoin, then their business model would be to invest hundreds of millions into a business that would only last 2 years at the most and only return a small % profit. Thats INSANE. Whoever is financing that mine believes more in bitcoin than 99% of the bulls on this forum. You better damn believe they are holding onto a lot of it. I disagree. I think they are in for a quick profit and dont 'believe' in bitcoin. Its more monkey see, monkey do. |
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another 1000 dump at stamp
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Harsh tone around the forums, bottom must be near.
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I've decided to invest only $20K back, because according to perma-bulls 1 BTC will make me a millionaire regardless, so why be greedy ? we have to leave some coins so others can be millionaires too You will miss your entry point and buy back at a loss. |
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Chinese Bitcoin Farms will continue to drop large scale. Why the shouldnt? Obviously the can produce BTC far below the average cost (which is aroun d575 atm).
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Be nice and polite to bitcoin and it will rise again. Where's all the spirit gone?
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Bloody Wednesday. Waiting for the US to wake up.
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Hopefully the wall guy is getting in panic mode too, selling another 5000.
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lol 1000 dump on stamp u serious?
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I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.
It is what is known as "determined sellers" ... they are not interested in selling for the best price, but rather keeping the price below targets. They have become rife in all the other commodity markets that allow leveraged trades and derivatives backed by undeliverable promises. I'm waiting for the next several Bitcoinica-like blow ups when the bull run puts pressure on broken models like these ... I agree. Will buy 4000 BTC to touch the 600 wall and look at the outcome  |
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If Bitcoin survives this epic bear market it will be at 5k in a blink of an eye.
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Its -1.89 percent only. Man, look at the euro stock markets.  |
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