i still say that there is a purpose for this long, drawn out year long pullback in Bitcoin; flush the competition:
<chart showing obliteration of litecoin price>
It is almost getting tempting to pick a few thousand! |
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i am thinking to change all my btc in bitshares and ripple  Crack on! |
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Bitcoin can very well reach 10k just by being adopted as an asset class the likes of gold.
It surely can. Although I still think of bitcoin as a modern day gold, but one with incredible potential currency utility far outstripping what is possible with fiat currency presently. As long as the network and protocol survive whilst the utility of bitcoin rises, then barring a usurper (which should be obvious in it's ascendancy), bitcoin should gradually fill the role of sound money and digital gold. If you forget the price for a moment then bitcoin remains an incredibly exciting project, even six years in. It just has to exist and be useful. |
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think we'll have any significant differences in price movement (up, down, bouncing around...) after new years? seems everything's kinda just waiting this time of year.
It's not so much waiting as people losing interest. 5200 posts since March 2014. You certainly havent lost interest.  |
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^TL;DR: Another lengthy, detailed post insisting that you're to lazy to learn the facts because you don't care. Protip: Don't post about shit you don't know or care about--you'll have time to play more vidya  Given you have more than 5200 posts on btctalk since the start of the year (not including your numerous alts/sock puppets), I think it is fair to say no one on this forum has more time to play 'vidya' than you. |
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Buying & selling daily/daytrading.
Wake Up! buy and hold doesn't work.
In what sense? It is working for me. In a long term bull trend it is a great strategy. Do you know something we don't? |
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Edit: fuck it i'm buying.
ouch! Yeah i am down a whole 8 dollars on the 2 coins I picked up!! all that tough talk and you bought 2 btc. welcome to speculation forum! I buy a few every week at these prices. That is the point of disposable income, right? Trading is not the only form of speculation! Edit: inching closer to 19,000 shorts. Just 50 to go! |
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Slow drift back upwards continues. What are the bets by monday we are at or higher than 333? Is it monday lambtroll? |
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Edit: fuck it i'm buying.
ouch! Yeah i am down a whole 8 dollars on the 2 coins I picked up!! |
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I wonder if every man and his dog on here are short? Based on finex data short levels are at the 2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex). It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things. Expect either some mad short covering or the hammer to fall soon BTC swaps are near all time high that's true, but there is something to consider here: -BTC price has lost 70% of its value since the ATH, and BTC swaps are measured in BTC of course (not in USD), so the amount of BTC swaps currently are actually worth a half/a third (in USD) compared to the beginning of the year. Longs for example are clearly measured in USD, and that's 21.5 million USD in longs, a lot more, as always. Shorts: 5.7 million USD Longs: 21.5 million USD Good point, though it is closer to half since start of the year. Longs are also down nearly a third from july (the ATH 30 million dollars long leverage). Given some speculative money has left the space what we are left with is: longs gradually trending upwards but nearly a third down from 5 months ago, with shorts at nearly the ATH, high btc swap rates and a dwindling supply of coins on finex. I haven't looked at the chinese exchanges as I don't trust the data from them at all. So is there a manipulated large dump coming or a short squeeze? Who is left to sell who hasn't already? Edit: Though of course all it takes to get some arbitrage is a china trader selling to himself on huobi or okcoin |
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The price of Bitcoin will continue to stagnate along with other commodities until the next global economic crisis. The outcome depends on the circumstances with regard to how the next crisis is handled by the institutions; the price may rally or it may fall steeply. If TBTF banks use depositor funds to cover deficits (bail-ins) then virtual currencies and precious metals will likely rally in price and relative value in the months following (until the eventual demise of our economic system.) If the banks are allowed to collapse there will be an unprecedented price discovery period for the market and the purchasing power of virtual currencies and precious metals will likely collapse with everything else until confidence is established; the conversion rate may increase, but the purchasing power will likely be less than it is today. A collapse of the worlds financial institutions would be a life altering event for billions of people. The question is ultimately, what will gain value fastest in a post-collapse economy?
Brace yourself because the show is just starting. The recent price collapse of crude oil has already started the wheels in motion. It's like watching a tsunami spread across the ocean; it just looks like a ripple moving quickly across the deep sea, but as it approaches the shoreline the magnitude of the impending disaster will become more obvious. It takes some time to impact the market, but like a tsunami the most damaging effects are usually felt long after the triggering event occurred...
Buy or Sell, it doesn't matter; the value of your investment is what's at risk and you will face the loss of value in every category no matter the outcome... It's nearly comical as if we were all rats scurrying for shelter on a sinking ship...
I'd rather be in silver than Bitcoin at the moment. I expect that confidence in digital assets will be a hard pill to swallow for many average consumers unless the fed can somehow give the can another kick to buy us a few more years under our current monetary system...
Excellent post. But i have found betting on disaster to not be a great investment strategy over the years. Never underestimate the ability of central banks to use their primary tool - the money printer. Or get another central bank to use theirs and provide buying pressure when required. |
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I wonder if every man and his dog on here are short? Based on finex data short levels are at the 2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex). It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things. Expect either some mad short covering or the hammer to fall soon Maybe, but apart from market sells, there's not much action lately. Not many seem to be comfortable buying at the moment, although some appear happy to leave their bids hanging in case of a dip. That was the point. The market sells are probably large tranches of short contracts dumped in one go. A few hundred coins sells from lemmings momentum traders adding a bit of extra volume. That isn't particularly organic selling, and coupled with rising btc swap rates and overall btc swap contract levels at near all time recorded highs we could be at an inflection point. Those coins have to be bought back. Edit: fuck it i'm buying. |
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I wonder if every man and his dog on here are short? Based on finex data short levels are at the 2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex). It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things. Expect either some mad short covering or the hammer to fall soon |
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With Gox, Willy and Markus gone, there's nothing left to fuel another delusional and unsustainable bubble. We're just witnessing the correction back to single digits, where Bitcoin belongs, since that's the natural value of a currency whose only real utility lies in its use as a medium of exchange on the deep web -- by a few thousand child pornographers and drug addicts. Amateur speculators can't drive the price back to the moon again when whales, early adopters, miners, developers and other bag holders are dumping en masse. Tough luck for the cultists and bulltards.
A year from now, Bitcoin will be sub 50.
A few of your recent posts: That's a great reason to short. Sub 250 coming by end of next week.
I predicted all of this. Read my latest posts.
Sub 250 coming by Monday. Mark my words.
I think we'll mostly trade in the 250-350 range for a couple of weeks or so.
Sub 300 coming by Sunday. Sub 250 by Wednesday, then brief dead cat bounce to 300ish prices.
Double digits by April 2015.
Sub 250 by Christmas. Sub 100 by summer 2015. Sub 50 by 2016. Sub 20 by 2017.
Anyway: Bitcoin is still massively overvalued, and double digits will come soon enough.
I believe it will happen in 2014.
At least 10k.
According to certain charts, it will reach 10k in May. 100k in August.
The only real question is why you expect anyone to listen to your poor attempts to smear the bitcoin price down. Certainly the predictive power of your posts is somewhere between poor and absolutely fucking terrible. |
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Shitfinex leading, China still hasnt moved
This is either the best time to buy or the worst time to buy....
China is sleeping and the west is trying to move the market with some pathetic buys that are actually shorts that are closing. We are seeing this every day. Really? Shorts up to 17,900 on bfxdata ?? this is like the groundhog day. btw, you remind me of this guy on the right.  Shorts are rising as the price falls. Near all time highs for the year. Keep on saying the opposite though tarmi. Edit: now at 18,300 with the price on finex at 318. Edit2: not seen this before..the btc interest rate is higher than the USD rate.. |
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Actually draw some lines, thats all bitcoin follows anyway. No fundamentals, just pure speculation pump & dump. I can tell you the date (according to the lines) it will hit $250 - around january. Follow the support at bitstamp from about a year ago down to now. Predictable bounce will happen right there. Place bids and then dump when the false hope begins.
A few months later the price is -270 dollars. Predictable bounce just before then, too. |
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Shitfinex leading, China still hasnt moved
This is either the best time to buy or the worst time to buy....
China is sleeping and the west is trying to move the market with some pathetic buys that are actually shorts that are closing. We are seeing this every day. Really? Shorts up to 17,900 on bfxdata ?? |
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are we only hours or days away from calling 2xx our new home for the next few months?  Is there no end to the lacking demand from africans? Adam.. you promised us all that we would get rich on the back of dirt poor africans  If you sell 5000 coins from your supply we will hit 2xx. |
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If you're not thinking about Bitcoin for the long term, you're in the wrong place.
Is ever-concentrating mining power problem solved? yes, it is. But not in bitcoin. The centralisation is inforced by the inflation. Inflation = centralisation i do believe bitcoin is also longterm going nowhere because of the inflation-mistake Would it not have been inflationcoin it would have decentral network and miners race wouldn't have been so strong and price more stable and we would still be in the goldrush-times and much more adoption. Well, people hang on to bitcoin because first mover and no understanding of the outlined above. blockchain size is worked on serveral solutions while the bitcoiners want sidechains and bloat the thing even more (wrong direction developement some alts make the correct developement there). Now ripple even comes close in marketcap. I don't know if bitcoin will make it but am sure some other coin(s) will. I think bitcoin was a good start but now that it is going down: crypto should not die because bitcoin can't hold value (by design) It's time to be honest with ourselves and admit: bitcoin reward schedule fucks it up completely. Why adopt NOW something that is CURRENTLY broken/doesn't really have a plan for the long term?
Because it's not broken? yes, it is broken. Next panicsell is final nail in the coffin. Yeah yeah yeah. What inflation problem? Bitcoin has exponentially decreasing inflation. The reason you are here bashing bitcoin is because you want to buy some. |
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...Seems like building support to me.
You've been wrong before tho... Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.
Not sure why you keep posting that. You joined the forum in december 2014. You have since posted over 5200 times this year. Shall I requote one of your literally thousands of pointless posts? The price was lower three months ago. You probably should think about readying up that big buy you have been waiting months for. |
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