3D MACD is solidly green. 1W MACD about to go green. The price is slowly climbing. There has been a marked drop in volatility and bear raids are now doing little as follow-through selling seems to have dropped off. Unintelligent newbie troll threads are proliferating giving the forum a supposed bearish appearance. They must be getting desperate  It looks like we will be moving heavily in one direction soon. In such a thin market anything is possible but if the giant wedge I have drawn comes true then we can only move sideways for another three weeks before the price is likely to breakout into the 400's or break down and retest the lows. If it breaks higher then bulls will come out of hibernation and things could move very quickly. Or we continue to accumulate! |
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It's almost time to get the mods to disappear you fewcoins. I don't know whether you are just stupid or underwater with some shorts. I don't care. Just ssssh and let adults converse in peace.
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1. If you think a price movement (down) in a market like this which has been happening for an entire year is purely manipulation, I don't have much to say to you.
2. I guess someone on Bitfinex is looking to buy. It shouldn't be seen as overly suspicious.
3. Bitstamp sucks. High fees and no liquidity.
It isn't purely manipulation, the supply will continue to flood the market causing price to go crashing down! Bitfinex has been buying for months??? Really? Or are they trying to keep price from crashing. EVERY miner wallet I followed has cashed out already & they used to save every coin. The end is near & most know it. Awesome how the Euro can go up over 1% but bitcoin is still getting manipulated down regardless of how much any currency moves at a given time... So what exactly is the point of all of this? Who exactly is controlling all of this? Why are there consistant .2 buys across bitfinex & no volume bitstamp  People try to move small markets up and down but Bitcoin is not that small so it is hard and dangerous to move it by yourself if you don't have tens of coins. Market forces are at work. What are you saying, bitcoin is really illiquid, a couple million dollars can move this market huge especially compared to a 1% euro move with REALLY takes huge money to happen. $1,000 coin is a joke unless another bot http://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/How long before you get bored of losing money in every market you touch - do us all a favour, and forget about your little troll account. Or get a bit creative with it, use some artistic flair, imaginative FUD instead of the frankly boring posts you spam this forum with constantly. Put a bit of effort in or GTFO. |
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Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be above, but not way above. I expect the crash to take a while. right ow, $100K will move the price up a buck or down $4.00 on BFX. not good odds in your favor. You should know a lot better that the orderbooks are meaningless on BTC exchanges if you are slinging any serious amount of money around using leverage. |
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any update on the auction?
A rather cynical dump this morning followed by a recovery is all I can see. Usually after we plateau such a dump would have dragged us down with lemming follow through selling.
If I was short I would be a wee bit concerned.
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There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now? For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better. Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now. 1w macd about to go green. Good luck shorting! It has to get worse because of us! Good traders buy low and sell high, reducing volatility. We bought too high and increased volatility, scaring away the hedge funds and big money that was supposed to fuel the next rally. Bitcoin is a medium of exchange and a unit of account, but thanks to those of us who sold far too little at the top, it is a piss poor store of value. We didn't have enough profits to re-invest during the bear market. I blame myself among others. Either the price of btc rises significantly in the next 24 months or it fails. I see no signs of failure so far. |
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History doesn't repeat itself. It's the men that are unable to discern anything when immersed in the situation, like an ant that don't know the shape of the anthill. So we look at the past and project it to the future, we know that everything changes constantly but we ignore this fact. Strangely enough, we do this only when the projected outcome is favorable to us. And so, the OP (I assume) ride the pumps of the past and is now predicting the pumps of the future. To do so, he tweaked some function parameters until the result was acceptable for him. All the people rejoiced of the favorable prediction, the endorphin flowing over the internet cables. In other moments, I'll find this mildly amusing. But not now, no, now it is just fucking pathetic that we are bounded to delude ourselves of better futures, instead of building them, until death arrives.
Keep dreaming. |
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There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now? For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a lot more. It's gonna have to get worse before it gets much better. Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now. 1w macd about to go green. Good luck shorting! |
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i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.
have a safe trip home and tell your friends we said "hi" bye You will won't be missed! |
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How can you even think a auction would bring the price anywhere but down?!
You really are desperate aren't you. It is seeping out of every comment you make lol. |
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 Coinapult ? That is simply due to dumbphone to smartphone ratios currently. Soon smartphones will be everywhere. You do the math. |
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Most of us love btc, but it's clear now that btc worth is a sum of all purchases being made with btc, and it is very tiny amount of money for now
Er no. |
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Bitcoin has been tanking for a year, so hard to say what you could possibly be trying to say here.
Continue holding the bag, greater fools are essential to this market. It would have been far more difficult for me to make money if not for finance enthusiasts such as yourself losing it.
Care to prove you have in fact made a dime over the last year? You are on record for saying that you can neither make head nor tail of the market movements now the 'bigger boys' have turned up. Doesn't stop you posting negative tripe 24/7 though! |
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The early adopters embraced Bitcoin 5-6 years ago.
People adopting it now, are among the last few thousands to ever adopt it.
Why are you here then? |
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I have to admit, this ignore button is addictive. Bye JJG!
Under his great walls of text I eventually caved in, too. |
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bump?
c'mon, speculators, I'm sure some of you know.
more investigation from me: BTCChina allows you to "loan" funds, but does
not (as far as I see) allow you to lend funds. This means they are lending out themselves.
Weird (or rather: smells of fractional reserve).
Interesting, they could be pumping the price with fake fiat. Thank you for the information. as far as I understand, they are lending both fiat and BTC, so the argument works both ways. I agree that it makes one thinkg of fractional reserve though/ How is it fractional reserve at all or any different to Bitfinex? It is simply allowing 'traders' on their respective sites to take long or short bets with leverage (i.e a bigger bet than money they have on the site) which involves someone actually stumping up the capital (either bitcoins or fiat). This capital is lent out for a daily rate and therefore is at risk during times of extremely wild major market moves, hence the 0.1% a day rate. Saying that I have lent coins out for some time on finex this year but took them off recently when the rates fell below a useful level. |
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There is an important human & capital investment required to obtain this gold. This same investment could be put toward mining Bitcoins. "Not easy exactly but its there..." The difference is that with bitcoin those mining costs also secure the network allowing it to function as a secure transaction network. With gold mining you are left with just the gold. |
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Cypherdoc: you could be right. If so this thread could be referenced in the monetary history books Edit: One can imagine a future student scratching his head and frowning, "teacher what are all those pages about side chains?". |
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Lambchop: Having re-read the post concerned, my request for clarification, and your response I am afraid it is back to ignore for you!
Edit: I am sure the rest of the readers will breathe a sigh of relief.
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and with smartphone penetration increasing quickly to places like Africa, soon that will change too. i'm the first one i know to have identified M Pesa as a good example of how Bitcoin could quickly make an impact in places like Kenya and we are now seeing that play out. and it's spreading. and none of this discussion assumes the ease with which Bitcoin can be used to transact btwn ppl worldwide. the network effect has caused Bitcoin to gain much greater acceptance of Bitcoin as a payment network as evidenced by all the thousands of merchants accepting it worldwide today.
the growth and trajetory seems pretty clear. i think it was a huge warning sign that Bitcoin had the audacity to go up and touch gold parity in fiat terms just last year.
I made posts similar to this much earlier in the year. First came the internet to the Western world, next comes smartphones everywhere. That future will be here in the next three years! Android handsets are already dirt cheap. All bitcoin has to do is literally stay functional and it will arise dominant. It just need a spark. |
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