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I would put it simple. There are lot of things that influence on Bitcoin. And when you put all pluses and minuses together you get what you get. What you are mentioning is just one parameter among many.
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I've been watching the market, and I *think* I'm seeing a pattern.
I could be wrong about this. But the market response to price changes in Bitcoin has been "off" of normal patterns for several months.
When the price of Bitcoin is lower, substantially more of it changes hands daily. This is a normal pattern in itself, but for the last few months, the market's volume response to prices is MUCH steeper than it had been previously -- in fact steeper than makes any sense according to my understanding of the market.
In practice, it looks like there is a lot of money out there waiting to buy Bitcoin, but it's in absolutely no hurry, absolutely not worried that the price might go up before it gets to buy as much as it wants, and calmly waiting for the price to go lower.
And indeed, when the price goes even a little higher than its recent averages we see the volume of sales drop like a rock. The scarcity of trades on price upswings is just as pronounced as the huge volume on the downswing that the so-called 'bear whale' brought out. In fact the 'bear whale' nailed the pattern: price declined by ~$30 US, volume more than tripled.
The thing is, for this behavior to be rational, some HUGE investors (who want to be long in Bitcoin, in the long run) have got to be utterly, completely confident that the market price will NOT recover before they damn well want it to. Whoever it is - or whatever coalition of people it is - that has this money appears to be absolutely certain that nobody ELSE with money will set off a bull market before they have as much bitcoin as they want.
Buyers are only high experienced traders. None of the regular people will think to buy Bitcoin today. They will come buy after Bitcoin goes over 1000 UDS. |
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Is the US economy going up or down?
It is going up because of energetic. That "shale gas" that is forbidden to do in most of Europe, is pumping USA economy. Without it recovery after 2008 crysis would be much much harder if succeed at all. |
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Sometime in the next few years the economy will crash (again).
The same mistakes made during the housing crisis are being made again - this time with so called 'bail out money'.
Is bitcoin likely to survive such a crash?
Will it fall in value and then rebound or will it go the way of the dinosaur?
Or will another cryptocurrency emerge from the ashes, a stronger, more viable (and stable) itiration?
Basically no one knows since Bitcoin is so young that had not lived any big crisis. Next crisis will include China and will be really huge. Lets hope not so soon. |
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She is from North central Europe.
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There's no negativity in accepting bitcoin. the negativity is in peoples mind who cant accept bitcoin.   There is negativity in just any action that exist. But we select actions where positivity prevail over negativity. Or if we have 2 options we select the one that have more surplus of positivity over negativity. |
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Is totally obvious Satoshi come from financial background.
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Well i doubt this would happen in country i am in. If they would come with one reason. for sure they would not take mining rigs with them just so their action will not look wasted.
But one thing is sure, if maybe they would take those rigs, owner should say good by to them, since at time when she will get them back they will be totally obsolete and outdated.
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Even I feel that there should be some kind of central and governing body over Bitcoins to prevent theft and make the necessary rules.
Someday, you will understand that the central and governing bodies are the greatest thieves of all. I thought Robin Hood was the best. Hmm. |
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You could try emailing the body concerned and let them know about your problem. Maybe they can help. Have a nice day.
Or even use a phone and call him. Maybe? |
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I got paid for the 3rd time  |
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For example, if I mislead someone into sending me a large amount of bitcoins (in the United States) would that be illegal?
If I did not force them to do anything, but they sent them anticipating me to send a product in return, but I never send it.
Would this be considered illegal considering no one would know whether the bitcoin address that received the bitcoins was my address?
Stealing anything is illegal. I dont understand how you can doubt this. |
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http://www.coindesk.com/bitcoin-price-finds-hard-floor-following-26000-btc-sell-order/This OTC trader, Heinrich Vollmer, would not buy coins OTC at 8% over market, if he didnt have a reason. I have always said this, large OTC deals don't hit the exchanges, but the exchanges serve as a manipulation stage. Naturally big investors like him will not use the exchanges for many reasons Main reasons is that buy walls drive up prices (much more than the 8% premium in this case) Heh heh, sell walls are doing a good job, fleecing the sheep, sorry.  8% in bitcoin is nothing. Price changes for much more daily. |
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Whose playground is it now if not of the speculators? |
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Just need Bill to buy a couple hundred million $ worth of BTC to get things moving again...
He will come in and buy everyone out. |
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The post is from Feb 2014. Lot of changes right now.
All the difference 8 months can make. Who knows what the next 8 months will bring? Amazon?  A country using it officially? Major a major corporation. But basically nothing really changes. Just some promises. |
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But whale have lots more stash left.
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ok, here i am again Name: blablaace Posts: 292 Activity: 112 Position: Member 16dhVrCgDhLfzLZeRgSy1BbQ4wVCkdFHQE ha ha, how many times had you come back already? |
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Now that we can seamlessly convert dollars to bitcoin from most bank accounts and we can spend most everywhere with gyft or bitcoin directly, there is no excuse not to convert your monthly discretionary income into Bitcoin.
To complain about the price and not be moving your spending to bitcoin simply means you have bought into something that you yourself do not understand or support.
problem would be solved if bitcoin goes to price $1 and top1000 bitcoin owners sell 90% of their stash then. So bitcoin really seriously spread. |
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