Well, that was the bottom. I picked up a shitload of super cheap coins. Thanks to you idiots selling at the very bottom.
Thanks for playing.
So you're one of the idiot traders you hate, again? Boy, this guy really should be picked up by a mental institution. |
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Mother of all bull traps incoming!
This, or if we are lucky, a true reversal. If you are a trader, you'll do well either way.  PS: Good to see you again, fonzie. Hope you got some good bull FUD in store for the next days. |
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No worries mmitech, it's all good.
More things to look at: Record daily volume everywhere, huge-ass daily candle, utterly depressed sentiment within a few days, positive divergences on lower timeframe indicators and this little gem:
Total sum of active swaps
14,116,913.60 USD
26,812.67 BTC
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Bitstamp | Total bids: 2966347 USD. Total asks: 11304 BTC. Ratio: 262.39544 USD/BTC
The ask side is almost empty, I think most of people send coins and dump them right away because of fear and uncertainty .... the next couple of days people will be wiring money to exchanges either to buy right away or to open limit orders, which can bring some stability (maybe a bounce back to 2xx?) for a couple of days before crashing again. one thing for sure, miners will be dumping like there will be no tomorrow, most of the hoarded coins will enter the market soon. [Rationalizing] The picture is the same on Bitfinex which didn't have its orders cleared out: Bitfinex | Total bids: 4695435 USD. Total asks: 16226 BTC. Ratio: 289.36067 USD/BTC. I've been posting the same snapshots when it was on the bearish tilt a couple days ago. Funnily, you weren't here to tell me about how it's all just nonsense. Face it man, you used to be a bitcoin cultist who insulted me because I was bearish, and now you became a bear cultist who insults me when I sometimes turn bullish.  |
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so, ich habe jetzt meinen stash folgendermassen aufgeteilt: 13% ausgecasht, auf's konto gesendet -die sind jetzt weg und werden anderweitig investiert. 30% ausgecasht, liegen aber noch auf der börse. falls noch mal nachgekauft werden sollte braucht es munition. 33% liegen auf der börse. unentschlossen... soll ich die verkaufen (ende mit schrecken) ? oder auf bessere preise warten ? limit order oder ... oder... ? 24% liegen immer noch cold. das ist der teil des schiffes, mit dem ich untergehe... die 33% werde ich wohl wieder in cold storage nehmen, um besser zu schlafen. dann hab ich aber über die hälfte in cold und der nächste dump kommt bestimmt. das ist jetzt aber der boden??! glaub ich nicht so recht. also müsste ich die auch verkaufen.  für leute mit plan oder erfahrung oder durchblick sieht das bestimmt ziemlich hilflos aus. so fühl ich mich allerdings auch. ich bin wohl zu tief investiert in bitcoin im vergleich zu anderen investments. andererseits kommt dieses übergewicht in bitcoin eben daher, dass bitcoin so brutal gut lief (bin noch deutlich im plus) ich hätte nie gedacht, dass es sooooooooooooooooooooo weit runter gehen könnte. Super, der immer bedenkenlose Permabull verkauft. Eines der vielen Zeichen, die für Kapitulation stehen. Sorry, aber das ist halt so. Ich habe ja immer gepredigt, dass das passieren kann, wenn man seine überhöhten Erwartungen bzw. Position nicht vorher kontinuierlich managt, weil dann der psychologische Druck zum unpassendsten Zeitpunkt so groß wird. |
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Bitstamp | Total bids: 2966347 USD. Total asks: 11304 BTC. Ratio: 262.39544 USD/BTC
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What's the most bullish thing imaginable? I would like some brainstorming please.
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Bounce is inminent. And not a normal bounce, a huge bounce.
Up or down?  BTW anyone else suspecting the Chinese exchanges to be almost completely fake? There was just dump, flatline, dump, flatline. The volume was also completely ludicrous. PBOC should have shut them down a long time ago. |
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He holds thousands of bitcoins, enough to retire comfortably. But he has been cashing them in slowly, investing in stock market funds instead.
“Bitcoin is wild and crazy investment that I’m diversifying out of all the time,” he says. “If bitcoin is wildly successful, I’m still holding on to a good chunk of bitcoin. It could be worth tens of millions of dollars, but it could be worth zero. It doesn’t make sense to hold more than that amount. I don’t have a desire to be a multi-billionaire. That’s not what motivates me, I have no desire to be filthy rich.” When you are more of a cultist than Bitcoin's lead developer, then you know you're in trouble. This is absolutly crazy but maybe we have seen a bottom at $200 USD now.
I just read that the difficulty just rose to 43,971,662,056.09 the other night, this with the low price can mining be substained for much longer.
2 questions, If something could be done to stop this ship from sinking, like some back up plan Gavin might have,
1. What might that plan be?
2. Who would have the final decision if some big change was decided?
Lol, love seeing supporters of P2P unbacked decentralised currency asking what "they" have planned to save this Titanic  This truly is hilarious. BTW, Bitcoin has made me appreciate banks, fiat money and governments. Are you a bear blitz? Not anymore. But I ridicule bidirectionally. |
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This is absolutly crazy but maybe we have seen a bottom at $200 USD now.
I just read that the difficulty just rose to 43,971,662,056.09 the other night, this with the low price can mining be substained for much longer.
2 questions, If something could be done to stop this ship from sinking, like some back up plan Gavin might have,
1. What might that plan be?
2. Who would have the final decision if some big change was decided?
Lol, love seeing supporters of P2P unbacked decentralised currency asking what "they" have planned to save this Titanic This truly is hilarious. BTW, Bitcoin has made me appreciate banks, fiat money and governments. |
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New player.
Buy @195.
welcome! Are you sure the bitcoinaverage-global was 195 USD when you posted this message? Just checking  Oh, no, thanks for reminding me. And I thought I read all the important bits.  I actually looked at Bitstamp. If we can't find out what the bitcoinaverage-global price was at the time and my post is invalid, then i'll just buy now at 198.93. |
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up 33% in under 3 hrs ... find me another investment that good. only if you just bought at a$150, otherwise you've been losing your shit continuously for more than a year. 1 year is a totally arbitrary timeframe for an asset that has been increasing exponentially for 5 of the last 6 years, curious unit you choose? You know what.... I give you this, but I will remind you about this talk when we hit the real bottom, only then when we shake speculators and cultists idiots, then Bitcoin can improve and prepare for mass adoption, right now Bitcoin is dangerous and highly speculative and hoarded, it is not prepared for what it was designed for by all means.... don't forget this conversation. ooooh, am i meant to be awed by your omnipotence?! latecomers always full of crap inevitably. Late comers ?!!! so it is really a cult... my gosh you cultists idiots. Edit: I am curious, what do you do in life ? like what is your profession ? Professional Spartan of course. hodl |
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For the people lamenting how horrible the fall of the long term log trendline is, and how that's never happened before, here's a blast from the past (in two ways ): A multi-year long term trend line break. No, it never happened before. Bro, do you even fractals? Edit: Actually, that trendline of mine is multi year too. 2 years. Mtgox trend line: End of 2010 - end of 2011. --> 1 year. Stamp trend line: End 2011 - beginning of 2015 --> 3 years I wouldn't talk about fractals for long term trend line, when the actual lenght matters. Yet the length doesn't matter. The underlying principle is the same. Let's agree to disagree. |
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For the people lamenting how horrible the fall of the long term log trendline is, and how that's never happened before, here's a blast from the past (in two ways ): A multi-year long term trend line break. No, it never happened before. Bro, do you even fractals? Edit: Actually, that trendline of mine is multi year too. 2 years. |
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Bad rebuke, lebing!  (Sorry, I had to.) |
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We are not in 2011.
It's not the same
Boy, what a compelling argument. I guess we can throw all of technical analysis into the trash, seeing as how the present is never at any point of the past.  |
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For the people lamenting how horrible the fall of the long term log trendline is, and how that's never happened before, here's a blast from the past (in two ways ): We have seen the ups and downs and have realized it all works out in the end. This is the great delusion that markets bestow upon people, that a trend is invulnerable and "it all works out in the end" almost sounds like religious faith. I know that nothing I can say could possibly make you think otherwise, but still, please consider how you would react if Bitcoin slid 80% or 90% from here during the next 6 months. Even if the probability is small, are you ready for it? Because this has happened before, and it happened in this very asset (even if you tell me that times are "different" now – well, to compensate, the price is higher to begin with!). I remember that time well. At the time, there was a long-term log support trendline, too, that was being drawn by everyone in this forum. It was violently BROKEN:  And guess what? That break ended up being the best time to buy. But few bought, for few had money to spare, and many of those who did have given up on Bitcoin. I will tell you that all along this decline, there was plenty of good news as well. I believe Bitpay was created amidst the bear market for example. All I want to say is that eventually, all trends break. Prepare yourself for the improbable, because it is devastating to lose almost all of your wealth. Do not let your mind be compromised by Bitcoin cultists. Let this be a lesson from a former Bitcoin cultist who has made a fortune off Bitcoin by turning himself into a Bitcoin pragmaticist. tl;dr: Buy or die. |
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