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It takes you time to register. It takes the dear reader a second to disappear you.
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why doesnt everybody just withdraw their btc from the exchanges, causing some critical shortage? lets unite to the moon!
With zero fee trades on Chinese exchanges what is to stop a malicious player simply repeatedly selling to himself until arbitrage bots and lemmings repeatedly dump on Western exchanges bring the price down to.. Wait a minute.. Cue: opening of a regulated US exchange with enormous depth and lo and behold the last year has been an excellent accumulation strategy for some very big players! |
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'This user is currently ignored' followed by a typical user getting annoyed and presumably doing the honest thing and tuning him out.
Next up it's trollchop mark II - fatherbob! Fingers on the ignore buzzers people!
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Imagine what is possible with ethereum. Ideas like this need to wait until blockchain tech is mainstream before emerging!! |
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Who are our overlords going to squeeze, first? The longs or the shorts?
Ah you have finally realised that short term price movements rely more on a few colluding players than 'the market'. |
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I already spotted fatherbob was a trollchop alt and ignored him yesterday.
I suppose trollchop knows his account is near a ban threshold!
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The amount of bitcoin fans who are pestering Amazon is a drop in the bucket compared to the amount of people who either a) aren't even aware of bitcoin yet ...
Then wouldn't Amazon having a Bitcoin icon on their payment options list inform more people that there was this thing called Bitcoin? This is partly what we need, right? We need more people to at least be aware of Bitcoin. Even if 95% of people see the logo and shrug it off, the other 5% that show interest (possibly young, tech fashion conscious people) could amount to a lot of new Bitcoiners. Exactly. What will drive the next wave of adoption is price highs in the news again. If Stolfi is correct and there are only 650,000 addresses with 0.1 btc or greater then it won't take many newcomers to lift us. |
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AKA 90% of Bitpay merchants do convert to fiat. See how much worse it sounds when framed in that manner. Clearly you didn't bother reading it before commenting  50% convert to Fiat 40% keep some bitcoin and some converted 10% keep pure bitcoin I think there will be an ongoing Domino effect from companies like Microsoft adopting bitcoin. |
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The exactly same argument could be levelled at extremely large companies such as Dell or Microsoft. Given there are probably less than a million global users of BTC that they have adopted the payment system at this stage is surprising in itself. Bitcoin has a poor public reputation due to MSM coverage of the dark net, crime and Mt Gox etc so accepting it is not a decision to be taken lightly from a public relations point of view for corporations with a reputation to maintain.
Dell and Microsoft will have done the maths and realised they are likely to generate a completely inconsequential volume of trade by choosing to accept bitcoin now.
Why do you think these companies have adopted bitcoin? Why exactly would Amazon not do exactly the same (other than because it has 'Amazon coin')?
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The divergence hasn't flipped to red yet, but last time it did in July at about 620$, and then we all know where it ended (275$).
So it's still green. Thanks for the unnecessary bearish flourish you add to every single post on this site lol. |
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The market is really fascinating, right now. The Microsoft news broke the bear rally that was looking to get out of hand. However, the Microsoft counter-rally up to $360 was so weak tipping the bulls hand that they have run out of ammo. Yet, many are unwilling to sell en masse on this realization because the Microsoft news signals potential for greater adoption and, hence, is speculatively significant even if, in the short-term, the net effect is actually people using existing coins and unloading bags.
The new money just isn't there right now for it to rise and the bulls have shot their load or dropped out completely. But, people feel like BTC is on firmer speculative footing than it was a week ago. Something that might have more speculative value but has nobody crazy enough to speculate on it anymore. Now, one thought is... that's the perfect time to buy -- I understand that sentiment. But, on the other hand, the real value is the community/network effects and they've already been burnt too many times or had too much of their wealth cut from under them. It's weird. A reason for BTC to live while it is in the midst of taking its last breaths.
I think you have to short until the bulls show they have any fight left in them. Do so with a narrow stop, though, in case a big player enters the market and sees an opportunity.
Great summary. Story of pretty much the entire second half of 2014, maybe even continuing into 2015 (though I see it as a positive indication that overall volume is going up again). I think it is a fair summary. Everything except shorting with a narrow stop. Otherwise known as losing money  |
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Finally!!! Thank you somebody who understands law that I can reason with. My lawyer has personally said this scam would be completely gone in no more than 10years and looks like he might be right! What is your take on this?!
My take is you don't have a lawyer, nor are you a millionaire trader, nor do you have multiple businesses or 350 coins to play with. I would also guess that you are under 25 years old and have no real assets to speak of. Agreed. Someone needs to buy a better troll. Perhaps he is paid by the by the signal-noise ratio rather than the content. |
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Finally!!! Thank you somebody who understands law that I can reason with. My lawyer has personally said this scam would be completely gone in no more than 10years and looks like he might be right! What is your take on this?!
My take is you don't have a lawyer, nor are you a millionaire trader, nor do you have multiple businesses or 350 coins to play with. I would also guess that you are under 25 years old and have no real assets to speak of. |
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Come on traders. There must be plenty more people willing to short a hyper volatile commodity like bitcoin. I heard from some reliable members on this very forum that it is going to single digits! Forget fundamental analysis! The chart slopes down!
You do realize price has been steadily declining since december 2013 right? It is all a matter of timeframes podyx |
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Come on traders. There must be plenty more people willing to short a hyper volatile commodity like bitcoin. I heard from some reliable members on this very forum that it is going to single digits! Forget fundamental analysis! The chart slopes down!
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At this point anything under $500 I will be a buyer  , hence why we are still stuck at 350. The ONLY reason people are saying they will buy at 100-200$ is because they are using the relative price thinking 350 is the mean & 1,100 is the ATH. This isn't the case & threads will be made then about people trying to catch double digit coins... The price constantly changes so of course the buy prices do too. Good luck to all of you just shooting to get "cheap coins" everytime we bomb downYour post is a neat description of both yourself and trollchop as it happens. Transparent trolling of this forum to engineer some bearish sentiment in a pathetic attempt to buy up some of 'dem cheap coins' for yourself and lift you out of poverty. Hopefully the irony isn't lost on you, you poor sod. |
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If you bother to read the scales, BRL dropped 10% relative to USD, year to date. I will not be so mean as to ask how BTC has fared in the same period.
Of course if you did mention the performance of bitcoin year to date you would simply be pointed to the previous 4 years. If we did the same for the BRL, well.. |
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That's a great reason to short. Sub 250 coming by end of next week. Really? Let's investigate your recent calls. 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.
Doom, gloom and wildly innacurate predictions - Tick. At least you are consistent.. I believe it will happen in 2014.
At least 10k.
According to certain charts, it will reach 10k in May. 100k in August.
You aren't very good at this are you? |
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The "adoption" is actually early adopters spending their bitcoins and increasing bitcoin liquidity on the exchanges, resulting in more seller pressure and lower prices. I find quit likely that 1 - 2 months from now the ask sum on exchanges to almost double. Bears rejoice over increased "adoption".  It is coin distribution. But this process has continued since 2009 and looking at the price your argument simply does not follow. |
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