Oh, look, I have been seeing the price at $896.11 a lot in the past few hours.  There must be some meaning to it...? 

I think that those fucks have manipulated the price to stay at this $896.11... There's gotta be a reason.. .I see it.... I see it..  Don't deny my observation.. it is real and meaningful.   

I am not sure what you mean by stablized? 

Just a few days ago, we had about a 10% rise in prices.. and sure that rise was a reflection of a 30% correction and some seemingly rebound from that correction, yet we cannot already be in some stable place, no?

Sure, maybe prices could settle somewhere in this $900 price arena, but it really seems that there still remains disagreement about where price is and whether it should be here.. and that disagreement is coming from both ends.

I don't know what is going to happen, but bouncing in the $750 to $1,000 range in the coming days and even weeks is certainly plausible.  I am kind of starting to think that some bears may be accumulating some coins to make another attempt at the lower $800s, but yeah, what the fuck do I know, but my sense is that there could be another attempt at a push down and to see what kind of support there is for those levels and to attempt to verify if they can break through lower, and the battle does not seem to over, but maybe once we get another test of lower $800s support, then we will be able to move back up to testing $1,000 resistance and thereafter?

Either way, the situation does not yet seem stable to me, even if there does seem to be some feeling of temporary lull in the current battle...

Personally, I have a lot of empathy for your situation and I think that I know your situation fairly well.

And, personally, I think that guys like you need to figure out some systematic way to sell coins on the way up and buy on the way down that also preserves a certain quantity of your principle.

We all know that no matter what Bitcoin is not going to go either straight up or straight down, there are going to be a lot of ups and downs.  I personally think that you can figure a way to sell on the way up and ultimately you still should be able to maintain your 100 BTC... unless maybe 100 is too high of a target?  Maybe your target can be 90 or whatever... but anyhow, since I started trading (and really small increments), I had projected to maintain a certain quantity of coins that was approximately 7.5% below the quantity that I started with in October 2015... So at that time the price was in the mid $200s, and I projected that I could maintain within 7.5% of my original coins up to about $1,000 or so....  

Actually through my continued trading, I have never gone below that number that was 7.5% below my original starting amount, and currently I hold about 17% more coins than I held in October 2015 (even though I have been continuing to sell small quantities as the price goes up and to buy back).  Additionally, I have projected to continue to maintain the ability (if I want) to continue to have at least that same number that was 7.5% below my original start amount, even if the price were to shoot up to $6k.. so systematic trading can be a very powerful means to insure yourself from some of the volatility and allowing more and more accumulation and more and more of a cushion to maintain a certain set quantity of coins even as the price is rising and even if you continue to strategically and incrementally sell small quantities on the way up.

I don't know how sporadic are these kinds of "down" problems?   I tried to log in for several times for more than 30 minutes through various means, and I was getting worried because it seemed like some parts of the website were working, and then I found the one page that showed the website to be down, yet it seems that even after the website was back up, it took nearly another half an hour before I was finally able to access my wallet... which everything seems fine, now.

I was also getting a bit worried because I recall one instance a few years ago (I am not sure whether rumor or true), but folks had apparently lost some value because there was a DDOS attack and then some kind of diversion and then ability of capturing of passwords.. Frequently can get worrying about those kinds of potential hacker and robber situations.

The link that I gave was just to provide the status of the site... The site seems to be back up now, but my wallet still is not loading... maybe I just have to wait a bit because they seem to have acknowledged also that the site was down for a bit of time... hopefully it gets back up and running soon...

I just found this website.


It looks like it has been down for about two hours...

No wonder.


http://www.isitdownrightnow.com/blockchain.info.html

You don't buy some of the theories that it could be a bullish thing for btc prices to have some of the chinese exchanges to be reigned in a little bit with their outrageous volume and margin trading and likely fractional reserve practices?

Has anyone else been having trouble logging into their blockchain.info wallet, or just me?

That's ridiculous, and you are not even responding to various points that I make and have been making regarding various sticking points (to the extent that they may exist for a few hours or several days).. and then, you don't even indicate about which exchange (s) are you referring in this particular instance.

For example, if I were a whale or a couple of whales, I could set one bot at $902-ish and another bot at $898-ish and the price would likely end up gravitating to $899.99 without me (as a whale) even intervening.

Your point (to the extent that it means anything) is almost as nonsensical as either numerology and/or astrology, because even if you are making a different point, it makes about as much sense as numerology/astrology.



I am not sure if I am as negative as you about some of the short term manipulation and FUD spreading effects or even the effects of China on BTC prices , but I do think that it is a good idea for each of us HODLers to sufficiently prepare for either price direction, whether that is $750 or $1250.. and whether either price direction happens or not.

we are kind of like in broken record territory, going over points that each of us has made several times, yet I wonder how much weight you give to each of the exchanges.

In 2010, 2011 and 2012 there were only a few exchanges, yet MTGOX dominated a considerable amount of the trading activities, and therefore the price in many regards.

In 2013 there were about half a dozen exchanges, and sure maybe a few more ways that BTC was being traded, including Localbitcoins and directly.

Between 2014 and present, the number of exchanges have increased well into the 100s, the number of liquidation avenues have increased, but sure I will give it to you that some exchanges are more BTC price influential than others, yet even if there happen to be some exchanges that are dominant or leaders at any moment, their prices also tend to vary and some times, also, the leader(s) can change.  

So, how the fuck do you continue to assert that there is any one numerological sticking point AND attempt to also make sense at the same time?  Are you a bit bonkers that you want to continue to attempt to describe some non-existing phenomenon in order that you can look at your astrology charts?

Nonsense.      

I guess that we are just going to continue to battle over characterizations and weighting of these kinds of influences.

I certainly agree with you that having a market cap between $10billion and $20 billion is certainly small and certainly capable of a large amount of manipulation.  I also agree with you that there may be some undue influences on bitcoin prices that can emanate from just a few exchanges in which big players may have some decent insider knowledge and practices in which they can employ strategies to play the market to their favor.  In any event, I still think that you tend to dwell too much on these kinds of agreed to facts to give them much more weight than they deserve and then you go on to speculate specific kinds of theories that this happened and that happened in order to cause.. $888 blah blah blah..

So, maybe in the end we agree about 90% or more of facts and dynamics etc, but I still think that the 10% or so that we disagree upon cannot be left without comment from me, because I think that some of that tends to lead you into some ridiculousialandia.... I suppose in the end, each of us will just keep on keeping on with some of our theories and characterizations, and hopefully, each of us end up profiting from at least sharing in being BTC hodlers and accumulators.. even though we may disagree in some of the theories about how we got RICHIE.       

I would not completely blame this guy for some of the delays and some of the seeming contradictions in his various public assertions.

My understanding is that since he is a known person, he has been getting a considerable amount of targeting by varying government officials (I think mostly USA govt), and a large number of his assets have been seized.. so therefore, sometimes it can become tough for folks like this to operate or attempt to operate quasi-decentralized entities that buck a variety of traditional data and/or financial institutions.. which in this case also seems to include considerable redistribution of wealth potential, which is likely to get a few peeps upset (especially some peeps whose property/wealth could become redistributed... hahahahaha)

Without giving too many ideas to bitcoin sabotagers, bears and shorters, there are a lot of FUD related matters that could cause BTC prices to return downwards, but I agree that the overall likelihood is seemingly upwards and there continues to be ongoing and decent buying pressures.. that seems pretty likely to at least get us to testing resistance at $1,000. 

I actually think that resistance at $1,000 is going to be a bit stronger this time as compared with what it was (or anticipated to be) in the first time around at the beginning of the year... I hope to be wrong and we just fly right through $1,000, but stronger resistance this time is my current sense of things..

I sometimes wonder how you can say several smart things about the overall dynamics, but then end up getting into such narrow theories about causation, to act as if only a few entities control BTC's price direction.

Surely a lot of the points that you are making have some truth in them, but even bigger players are going to have some questions or concerns regarding the extent to which they can preplan events to occur, to time them correctly and attempt to capitalize on "insider knowledge" and the extent to which such correction momentum will work for them and questions regarding the extent to which the price can move back up after such correction momentum is started.

I agreed that in the end, this latest price correction was likely beneficial to the overall BTC price performance, and those of us who either HODLed or bought more are likely benefiting from such volatility, but I don't agree with your seemingly continuing attempts to characterize these kinds of situations as if they were being controlled by a small number of insiders... that's just bullshit, even if there is some truth that some players have more power and influence than others, no small group has any kind of exact control over the situation nor over how certain of their own behaviors are going to play out from momentum that is provided in either direction.

I am not proposing anything, therefore I have no burden.

I am saying that seg wit is only a couple of months into its having gone live, so it is quite early to call it a failure.  Seg wit has a lot of innovative features, so it has decent chances to be activated either in its current form or maybe somewhere down the road within a year or longer in some variation of its current form.

Regarding a hardfork, whether emergency or not, we do not currently have any emergency, so there seems to be no need to hardfork at the moment, and if an emergency comes, then such a consideration can be accounted at such time.

In other words, if nothing happens and seg wit is not activated, and bitcoin just keeps working like it is with a 1 mb hard limit, that is not an emergency, as far as I can tell, and bitcoin will be fine with that particular set up, even though it seems that activating seg wit would be the better course forward (but of course requires a certain higher level of consensus than it currently seems to be signaling)

What hypocrisy?

Let's ban all bears who cannot back up their conclusory downward statements, and let's allow the bulls assert their "to the moon" wishes without any facts or logic to back it up... let us do it.

Let's do it... let's do it..

I don't know.  I don't make the rules around here, and surely there could be kinds of posts that are more acceptable than others, and from my understanding this is a private forum, so owners can make whatever rules they like.. .. censorship is a bit of a loaded terms and seems to apply to government action, which we don't have here.

You seem to be trying to want to get into a fight about nothing, no?

I don't think that there is anything wrong with having FUD.

There is something wrong to make posts that inspire others to have it though, no?

When you make conclusory predictions that are based on mere wishes rather than analysis, facts or logic, then it comes off as FUD - especially if the price momentum does not seem to be in the direction that you seem to be prognosticating  (or wishing for)





I would prefer to start with $1,234.56 in the coming weeks and then in the coming year build up towards $5,432.10.. or maybe $6,543.21 would be a more consistent number?