And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
The economy? It barely exists. I for sure won't love to see bitcoin continue to trade as significantly overvalued based almost purely on speculation hype. And how do you expect self-interested parties to work within markets? I don't cater to absurd pie-in-the-sky notions of bitcoin becoming the world reserve currency and saving the world from itself... so yeah, I want the market to act in the interest of my holdings. That's completely reasonable. Right now, the downtrend has stopped, and not sure if it will proceed or reverse so I don't have any positions ATM.
If/when this wedge breaks, I think we see continuation. The rise from 88 on this volume does not give me hope for a bull market. |
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I just don't see the big difference in price when people talk about cheap coins. I don't see the point in waiting for a 20 dollar drop. If you believe in Bitcoin long term then everything now is cheap.
I see this line of thinking a lot and frankly, it would only apply if I had significantly more capital to invest. I would be very unhappy to be holding the same number of coins that I have now in a year or two... when I could be holding significantly more. Why would I be happy with 10 coins if I can have 15 or 20? Yes, i agree but the times for 30 dollar coins are over. Most likely also for 50. People need to accept that or in 5 years from now they are still hoping for a major crash to get to that level.
Then your opinion re "cheap coins" is based on your own assumption that the bubble is over, and that a bull market is indicated. That, I disagree with very much. |
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~ 2k coins dumped in last 20 min. Waiting for more volume!
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Last week I ran a poetry contest. The entries came from all over the world (I can only assume, I did not actually ask where anybody was from). At the end of the contest I was able to send a little bit of money to about ten different people I had never met before and all I had to identify them was a single string of characters, the money was sent instantly for an a "generous" fee of the equivalent of 0.1 USD. You don't see how bitcoins are useful? Maybe I could have sent them cash in the mail ... 0.41 usd each for the postage, but wait I don't have addresses for them, I could ask for their mailing address, but no, they would not want to give me (an anonymous guy on the internet) that information, so my giveaway would have failed.
You could have instantly sent the giveaways via Paypal completely free. All they need to do is provide you with a throwaway email. |
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Next time, pay attention when you say "all bets confirmed"  Don't initiate a prop you don't intend to pay! |
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Threads like these is why we call you guys a cult.
On a roll today, this one. |
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So much ideology ITT, so little talk of price movement. Oh I guess there is no price movement. Until this wedge breaks and we see some more big dumps.  |
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30 is somewhat unlikely to be the bottom.
It's either above that or below that. Time will tell. However that you guys are bragging that we are at 105 is a strong indicator that we are overbought and see further downside in the short term.
This, pretty much. And what a horrible thread. |
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I don't foresee a situation where I'll be panic buying anytime soon.
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My impression is that everybody is holding fiat ATM.
Funny, I don't get that impression at all. If this wedge breaks, I think we'll see plenty of selling pressure. I don't think the "cheap coins" forum crowd is indicative of the broad market -- I don't know why this is thrown around so often. |
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Price rising again with very low volume... painting the tape? Can we expect touching $110 today and $115 tomorrow? Damn manipulators  Let the bubble deflate completely! Anyway, i'm not buying it, sitting 100% on fiat until we go under $80, then i will start purchasing little by little. Oh man, you're going to be butthurt when it hits $120. On the other hand, I can see $120 then crash to $90 and below. If not, $180 in a month. Calm down boys. Before going to $180 it has to break $166. When $166 is broken, the sky is the limit. Why does it have to break $166.00? Why is that a significant break point? Thanks in advance. 166 was the high after 266. Also roughly matches the 0.618 Fibonacci ratio. So it is an important support/resistance point. |
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Alright, bullish wedge. Clearest on the 12 hour chart.
 Certainly (12 hour bars)  Most recent move = bearish wedge. (before continuation of downtrend) |
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What is a "bullish" triangle? Triangles do not have bullish/bearish bias, IMO. I also see a bearish wedge that is itching to break downwards, not a triangle. |
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This poll should be about what price people are BUYING!
What muppet is going to sell below 40?
This. If we reach $40 and you haven't sold yet...  We have to get to single digits somehow! |
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I sold everything on 6/1 or earlier. I had bids at 100 and 90 but pulled them in a panic. So I am 100% fiat right now, hoping I don't regret it. |
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What do you guys think ? Which line do you think bitcoin is going to break ?
Support breaks. Down. Or no break and we go sideways. |
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Show me that US attorneys have no evidence, please.
This is laughable. Again, as I said, you want from me to prove that I'm not guilty. This the Holy Inquisition approach as described above. Your only evidence is that I'm concealing or try to conceal the source of my money. I'm not concealing or trying to conceal anything. I just don't show the source off because I don't owe you anything, do I? Your perverted logic is saying that privacy is a crime. But it isn't! Moreover, privacy is a Constitutional right! This is why you have to break the law to prove that I'm breaking the law. The only "crime" that LR did is that they refused to spy on their customers. Not at all. I simply want you to prove that it is not possible (as you suggest) that the US government could have evidence of money laundering here. I am quite sure you cannot do that. You assert it is not possible; please prove it. I'm not asking for you to prove anyone's innocence, and I'm not implying anyone's guilt -- I'm asking you to back up your statement. You say the source of funds is (always) concealed, therefore proof of money laundering is impossible. So in this situation, the US government could not have obtained sworn statements from those who worked with LR, and corroborating evidence of such, against the indicted. Likewise, they could not have ascertained the flow of illegal proceeds for even a handful of strings of transactions out of many millions. I find it hard to believe that you could prove this to be the case. You simply go on repeating that proof of guilt is impossible. And I'm not sure where you got the idea that I endorse this shit, or that I think "privacy is a crime". You're on a bitcoin forum ffs -- what do you think I am, a Leninist? The fact is that I don't cling to a meaningless piece of paper that is shown to be useless time and time again, ad nauseum. Here in the real world, the constitution doesn't apply. I am not against privacy -- I simply live in the real world. If one is going to flagrantly flout AML regulations, I should hope they aren't so stupid so as to argue that their constitutional rights are being violated when they get nicked. You seem to be suggesting that AML laws should not exist. Perhaps you should take that argument to a forum not filled with libertarians, crypto-anarchists, and assorted anti-government types. |
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shits getting deep. Some are holding coins in order to spend them later when it's easier and safer and they can buy the normal things they would buy in their everyday life without a second thought, and without having to change back to fiat... yes that doesn't account for the transactions now, but as merchants accept more and infrastructure develops, if the speculation does drive the price up, I am assuming people will want to spend their (now more valuable) coins... obviously this comment also doesn't have much to do with the transaction volume affecting the price on the exchanges now, but on that subject I will also put forward the idea that it may not have much impact on the exchanges, as day to day purchases of coins to spend coins would be inefficient, I will assume that many people already have large stashes of coins they might spend.... finally also bear in mind that some of the philosophy of bitcoin (for some people, and anecdotally a majority) is not to spend spend spend to drive a consumerist economy. As mentioned before, just because the economy is not full of high volume transactions, doesn't mean it's not living and breathing. Stream of consciousness waffle here so take it or leave it  Do you know what merchants do with payment solution that don't generate any sales? If you get only a sale / month you wil drop it just because it's more of a hassle to work with it than the outcoming profit. My fear is this might happen first. I often wonder about this. People always mention the phenomenon of new vendors accepting Bitcoin -- through Bitpay, of course -- as a bullish indicator, but we never know what kind of volume this really amounts to. It's one of those things I've never been able to wrap my head around... because many new vendors accepting bitcoin could, in theory, amount to absolutely nothing. |
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If you're not going to spend it and are going to just keep hoarding hoping that you can be a BitCoin Millionare, then do us all a favor, cash out now and go buy fuckin' savings bonds or something. This isn't an investment. It's a currency. Use it.
That'd be nice. I don't see it, though. |
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