This is what is keeping me from selling right now. Thoughts on this chart? (I'm not saying we don't go down here, but I have to go with this chart. Please don't come back and taunt me if I'm wrong  )  |
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I've watched gold for years and became aware of the large banks shorting it with puts around 12-15 years ago. They have not stopped. (See Gata.org for the details and documentation on this - all a part of the strong US dollar policy). Anyway, I heard an economist talking on Max Keisser's show and he mentioned "We don't know that the Chinese aren't shorting paper gold. As, they are trying to increase there position." I found that really interesting. Something obvious I hadn't considered. The "algorithm" might have changed. Well, look at BTC and the last two starts of these mine crashes, two weekends in a row. Well, it would certainly be easy for someone to sell a larger amount during peak hours, even if they were in China. So, perhaps someone, or should I say peoples  , is out to make entry "more affordable" as in the gold example above. Interesting to think about and makes this "game" all the more dangerous. These markets can move quickly, in either direction and greed is a large force whether or not we personally are in that mindset. Then again, it makes "business sense" to sell a part of your position to add to it later... |
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To me, it seems that Bitcoin is resting on the 6mo-exp trendline with low volume, and $.12 is the new $0.005.
There is not much to do then hold (= buy bitcoins with everything that you can spare).
It is becoming unlikely that we'll see $300 this year.
I am fine, thank you.
Welcome back brother! I hope you are doing well. Missed you around here. And as others have said, your are talking mBTC? Stay healthy, (watch the mind, don't feed it) & relax... IAS |
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wow, its nice price to dump some coins  The only 3 ignored users here with noticeable dark ignore buttons are: Jaroslaw Coinseeker Chartbuddy Riddle - One of them is our friend. Which one? |
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I hear BTC being sold...
Will the current price hold without our good friend wallzila?
hehe .. thats why i'm not buying this all feels too manipulated to me. This kind of blatant manipulation only encourages me to withdraw more USD from the exchanges. I'm thinking of this as a kind of attack against crypto currencies. If someone was hired and funded by a government and asked to do their best to destabilise and potentially collapse Bitcoin and other crypto currencies in general this is exactly how someone could do it and accumulate Bitcoin for future moves while doing so. Destabilisation to the point where people don't know what's going on or have any idea what to expect will deter serious investors from getting involved. I'm not saying this is a 'state actor' but it makes sense that this would be one method of attack by a well funded enemy of Bitcoin. I'm thinking that this kind of large scale manipulation could pave the way for further regulation and open up exchanges to legal problems under different laws to the existing ones which are being applied right now. I wonder if anyone who knows much about Japanese legislation and how uncontrolled potentially preventable manipulation on this scale would apply to MtGox. I have to wonder if someone's engineering a situation which could open up new avenues of legal action. I've wondered if companies like Trade Hill ($10,000 accounts on up and I think offline buys/sells) might do more harm than good considering your statements. That said, once the liquidity is here (lots of buying and selling) the large dumps will be bought up and won't crash the price. We are a few years from that. But if we get more companies using BTC's then that liquidity would start to appear. We are really still in the early stages. Don't forget, we are an anti-fragile technology (see my sig.) |
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Dammit why does fiat money have to be that slow. I deposited enough to buy 50BTC on thursday, still havnt gotten the transfer through. I have been refreshing my balance so many times the last days, and now this  I know everyone wants "cheap" coins but you may want to think about "fairly priced" coins. There is nothing wrong with purchasing something that is priced fairly. Cut the current price in half and that would be about "fair". That would be $54 a coin. That is just as ridiculous as stating the fair price should be $265. You are going to have a hard time finding anyone agrees with you when the consensus is the fair price at this moment is $108. How do we evaluate BTC? If we approach it like a stock and talk about earnings, supply and demand, etc., we can see there aren't large earnings but there sure is supply and demand with this low float "entity". We also can look at it like a commodity, or as a store of value, but these days it is too volatile for that. (But it still must be factored in considering it is a revolutionary monetary tool. But, just looking at using Bitcoin as a replacement for a small percentage of Credit Card transactions, Western Union transactions, etc, we can evaluate Bitcoin at over $1000 EASY. That is not right now. BUT,
who evaluates a new disruptive "stock" at "right now" performance? Anyone remember Amazon, Ebay, etc. in the late early days? They were trading at 50, 75 or more times earnings. You do that with disruptive Black Swan technology.So, I can't agree with a low price now, but it may very well happen as we have things, like government, price manipulation, scared investors, etc. there beyond our control. But if we don't get shut down (which really would be tough), we are looking at evaluations that make my $1000 price seem small. Just do the math, simple math... Oh, my bet is that more than likely we are on the Forex in the next couple of years... that is when things go Boom (to boot). |
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Market Depth at Gox got quite a bit better since things started going down today, though we all know how manipulated that can be. The hammer looks pretty solid, people are wanting to make $100 support. I think it makes handling Micro BTC transactions soooo much easier. Well I'm not buying any, good luck with that Look at my above post. I was NOT saying to buy. |
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Sold some at 98ish, sold some at the bottomish around $90 (as usual).
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation. Agreed. Once we broke the trend of higher lows since the crash I sold 30% of my holdings at $104. I think we'll stay in this bear market for 1-2 more months until we bottom out, after which we can gradually start the road to recovery. I don't think we'll go as low as some of the bears are saying, I see 60-70 as a reasonable bottom right now, with 50 being the absolute lowest we could go without any kind of devastating news. I will probably play it safe and buy back in at ~70 myself. I don't think this is bad for bitcoin at all, the people who took out loans and invested way more than they could handle need to be burned hard and flushed out of the system. My average entry point was at $170 before the 10th of April, I managed to lower that to ~$105 through smart buying during the crash and I plan to keep doing this all the way to the bottom of the bubble. I can't argue much with you and Rampion. I'm glad that low volume sideways action finally broke in some direction! We got a nice hammer today (hopefully it holds), so I don't think we shoot down from here. Think a bit of a bounce and/or sideways action is in the future. Depending on the volume and how things look with buyers, I might sell some of mine and hope to buy in later. Really depends on how things look. Regardless, I'm buying more later! ehehe I do see 50 ish as an absolute bottom, barring extreme news. Thus far bottoms have come with huge volume, so if you play that sign, it has been reliable. I bought some on the downward movement on May 3rd. Once we bounced off the bottom on high volume I caught it before the we reached the open price. I felt proud (not so much now.) I was VERY close to selling some at $130, but decided to stay the course. We'll see.... edit - Just noticed we are sitting almost on that same May 3rd level... Nice double bottom hammers (if there is such a thing). |
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Market Depth at Gox got quite a bit better since things started going down today, though we all know how manipulated that can be. The hammer looks pretty solid, people are wanting to make $100 support. I think it makes handling Micro BTC transactions soooo much easier. |
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Looks like there was the full set of 5 waves down - now 3 up? The forum is all doom and gloom - I guess the down trend at least temporarily has used all its ammunition.
I don't know elliot waves that well (you are talking about them?). Would love for you to finish your thought as to where we are regarding their interpretation. Regarding todays down move, finally we got that high volume hammer I was asking for publicly. The chart certainly doesn't line up good with the bottoms though, but todays pattern shows some support. I would say we go sideways (if not up) from here before another move down. It all comes down to supply and demand. I am still in the positive and if we go down much more I look for a bottom and start to pick up a few more BTC's. I feel high value is in the $50-$70 range as we shot up quick and are still building infrastructure. But it is coming. We have a very very small cap considering where we might be in the next few years. (So the current price still holds value but I can imagine outsiders thinking "$100 for a virtual coin!" as they have no real idea about what this revolution is (and it is still just starting, though not all of it will be about profit, rather about more concurrent technologies coming from the Blockchain.) IAS |
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In addition to what Otoh said, Pluto in astrology is one of the most POWERFUL planets out there.
powerful, yes... guess that explains how he managed to fluff himself up enough so that astronomers believed he was a big boy, a proper planet already. Exactly, just think of the things Pluto often represents: Death Sex/orgasm Transformation Regeneration Abuse of power Other peoples money The part we hide from others --------Those are some HEAVY things for a "planetoid". ehehehe I think people think of astrology (since we don't know how it words - if we believe it works) in a mechanistic sense, meaning the larger planets affect us more and such. But, things like the nodes of the moon, if you follow that, have strong correlations to us and are not even physical things in the sky. Anyway, this is for fun. We realize this is a speculation forum; we are just really taking speculation to a "physical" extreme here. And what the reading says, really goes along with my feelings on Bitcoin. Understand, the guy who did the reading - Sommer - had NO IDEA what Bitcoin was (I did give him a 15 minute primer). He was just reading the chart. |
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Congratulations on being what you are. It does feel good, doesn't it?  It feels great, when logic and rational thinking trump, the ideological ignorance, that dominates this forum. It feels great to shove it in your face and everyone on this board who's had something stupid to say, repeating the same BS, that defied common sense and reason. I relish this moment. Will any of you wake up and accept you're living in a dream world of delusions? Probably not. But at least you and I know...man to man...your ideology and your rhetoric is crap. My job is done here. What about heart? I guess if you are just in it for the money, you don't care about that. I put heart first, which is why I honesty tried giving you the benefit of the doubt. And what did you do? You accused me of being what you are and then attacked me when I asked a question... You don't even reply to what I asked you about XRP, you just attacked me. You just again didn't reply to my points, you just attacked me. You are trying to win these "war of words" on the forum and all the while are missing the bigger picture. I'm not here to win arguments, not even really to make money, but to be a part of something special. I can see that is the farthest thing from you mind, along with heart.  Awww, now you want me to play a violin for you? Get for real. Take it like a man. You've been dishing it out. Now it's blown up in your face and you wanna be my friend? Ok friend, I said my piece. I was right and you were wrong. It's a speculation forum and that's that. Actions speak louder than words. We'll see what happens from here. But don't preach your ideological rhetoric at me anymore...because it's bogus and worth exactly spit, to accurate speculating. Um, what blew up in my face? I am in this for the long haul, I never said otherwise. You keep projecting your goals on others it seems. I'm not preaching, I'm honestly sharing what I am. "Take it like a man." - You know, that saying has cost mankind more than perhaps any other. Teaching boys that feelings and crying are wrong, etc. Where has it gotten us? Good luck to you, really, we are in this together in the end... |
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I see a couple smart ones are dumping BTC for XRP while they can. Markets havent had a chance to react. This night just keeps getting better. EDIT: Bitpirate, don't cry. It's embarrassing. Take it like a man. Uh oh, the alter ego is back! LOL How can you seriously even mention BTC with a float of 11 million being traded into XRP with a float of how many billions? And on is owned by us the people, and the other by a company mostly. Seriously, that is crazy. The only way I could imagine that being remotely possible is if someone didn't want to pay capital gains and put it into XRP to hold and then roll back into BTC. But that would be taking a HUGE chance. The fact you even have the gall to talk to me after witnessing my guarantee unfold in your face, shows your delusions run far deeper than your intellect. Did you think I forgot? Did you think your buddy, buddy routine was not transparent as glass, as the inevitable was on the horizon? You have no credibility left. This is the remaining fig leave that clears up, I am mostly right and you are mostly wrong. Please stop trying to educate people. You're hurting humanity. Well, I guess it goes to show you where you heart is. I honestly was trying to be open to you - I don't hold grudges. I was keeping an eye on you yes, as I didn't trust you due to how you talk to people. Which, you are once again showing right now. I don't get that form of communication. The world doesn't need "I told you so" people, it needs people from the heart. You think this is about "I'm right" to me? IF there is one thing you should have noticed about me, is that I'm not in it for the money (foremost), I'm in it cause I believe in Bitcoin. That is why you can't talk about "in your face" with me. It is all a reflection of how you see me, not how I see you. It is a reflection of how you see others on the forum. You have been guaranteeing down, almost non stop except for the alter ego 3 week or so period lately, so please, stop with the self aggrandizement. So, in the future if and when bitcoin is at a high valuation, perhaps you will be rich from trading in and out. Congratulations to you in advance. You go and buy yourself what you desire, I will use a large part of my profits to roll back into things that help mankind and not just "things" for me. I'd still help you out if I could as I don't hold grudges, but I now I (we here) see we just can't trust you to be a human being and that is not being strong worded, that is being observational. Congratulations on being what you are. It does feel good, doesn't it? Lots of love... At the end of the day there are those of us who are invested in Bitcoin -- not only in terms of money, but also time and effort. Then there are people along for the free ride. But the sort with no hope are people like coinseeker, who really just seem to be here to troll. He must value his time the least of any of us. Well said, I don't want to come down on the guy though, I meant what I said. But thanks for your words, they ring true. I just wonder how a person like coinseeker is in the real world. You know, they see the planet as a resource and people as competition to their ends. Lots of work ahead... |
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Congratulations on being what you are. It does feel good, doesn't it? It feels great, when logic and rational thinking trump, the ideological ignorance, that dominates this forum. It feels great to shove it in your face and everyone on this board who's had something stupid to say, repeating the same BS, that defied common sense and reason. I relish this moment. Will any of you wake up and accept you're living in a dream world of delusions? Probably not. But at least you and I know...man to man...your ideology and your rhetoric is crap. My job is done here. What about heart? I guess if you are just in it for the money, you don't care about that. I put heart first, which is why I honesty tried giving you the benefit of the doubt. And what did you do? You accused me of being what you are and then attacked me when I asked a question... You don't even reply to what I asked you about XRP, you just attacked me. You just again didn't reply to my points, you just attacked me. You are trying to win these "war of words" on the forum and all the while are missing the bigger picture. I'm not here to win arguments, not even really to make money, but to be a part of something special. I can see that is the farthest thing from you mind, along with heart. |
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The fact that the dumper picked the slowest time of the week for bitcoin, screams manipulation. All the bulls that want to hold up the price, but are still looking for cheap coins, aren't around right now, which is why the slow rebound.
The weekend dip is back, meaning manipulation is overpowering users/speculators.
So you reckon there will be a rally/rebound when the US wakes up? I'm increasingly pessimistic about worthwhile rebounds happening. It's my impression that since the consensus has become more overwhelming that it will drop allot farther, rebounds are getting smaller, even when the US is awake. I don't know about a rebound. This seems like self fulfilling prophecy to me. I almost sold last week, just some of mine, but decided just to hold and buy more if we dip down to the 50 range. That, to me, is the absolute bottom, but anything can happen with Bitcoin. Good news can come out on the fall down (e.g. - pay pal becomes a BTC exchange) and we continue the ascent upwards. Not saying that will happen though! It is kind of a weird realization, that you only "lose" when you sell. I have a loose plan to accrue so many coins and I could have been there had I traded in and out, but I didn't want to risk missing a move. Well, it will cost me more in the end, yes, but if I still end up with what I want (a very very small amount btw), what is the difference? (I guess I will have less money for vacation.  ) Anyway, I think as the infrastructure is built for BTC, we will see transparent adoption AND "hoarding" as a savings account of sorts. We already saw some of the second and once that first part starts happening as well, then that is the acceptance part that we need, as hey, we are right now an internet thing. |
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I see a couple smart ones are dumping BTC for XRP while they can. Markets havent had a chance to react. This night just keeps getting better. EDIT: Bitpirate, don't cry. It's embarrassing. Take it like a man. Uh oh, the alter ego is back! LOL How can you seriously even mention BTC with a float of 11 million being traded into XRP with a float of how many billions? And on is owned by us the people, and the other by a company mostly. Seriously, that is crazy. The only way I could imagine that being remotely possible is if someone didn't want to pay capital gains and put it into XRP to hold and then roll back into BTC. But that would be taking a HUGE chance. The fact you even have the gall to talk to me after witnessing my guarantee unfold in your face, shows your delusions run far deeper than your intellect. Did you think I forgot? Did you think your buddy, buddy routine was not transparent as glass, as the inevitable was on the horizon? You have no credibility left. This is the remaining fig leave that clears up, I am mostly right and you are mostly wrong. Please stop trying to educate people. You're hurting humanity. Well, I guess it goes to show you where you heart is. I honestly was trying to be open to you - I don't hold grudges. I was keeping an eye on you yes, as I didn't trust you due to how you talk to people. Which, you are once again showing right now. I don't get that form of communication. The world doesn't need "I told you so" people, it needs people from the heart. You think this is about "I'm right" to me? IF there is one thing you should have noticed about me, is that I'm not in it for the money (foremost), I'm in it cause I believe in Bitcoin. That is why you can't talk about "in your face" with me. It is all a reflection of how you see me, not how I see you. It is a reflection of how you see others on the forum. You have been guaranteeing down, almost non stop except for the alter ego 3 week or so period lately, so please, stop with the self aggrandizement. So, in the future if and when bitcoin is at a high valuation, perhaps you will be rich from trading in and out. Congratulations to you in advance. You go and buy yourself what you desire, I will use a large part of my profits to roll back into things that help mankind and not just "things" for me. I'd still help you out if I could as I don't hold grudges, but I now I (we here) see we just can't trust you to be a human being and that is not being strong worded, that is being observational. Congratulations on being what you are. It does feel good, doesn't it? Lots of love... edit - Just realized, you never even answered my question about XRP... |
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The fact that the dumper picked the slowest time of the week for bitcoin, screams manipulation. All the bulls that want to hold up the price, but are still looking for cheap coins, aren't around right now, which is why the slow rebound.
The weekend dip is back, meaning manipulation is overpowering users/speculators.
This whole downward movement started last Sat/Sun and I mentioned the same thing. Most people said it wasn't true, but here again it happens. This whole down movement started in April just after we hit $266, it's still playing out and it's not over yet. Yes, in the bigger picture, but to get something to start moving, you can manipulate easier (up or down) on a weekend. Look at the chart, last Sat/Sun started things and then it slowly kept going. Again, here we are on Sunday and someone decides to sell lots. Why? Why do it on a low volume day when many are not trading? It is not a conspiracy, nothing crazy, just pretty matter of fact. If you have lots of coins, you DON'T try to sell them on a weekend. BTC is so emotionally driven, and has such low float, she over reacts in these areas... |
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I see a couple smart ones are dumping BTC for XRP while they can. Markets havent had a chance to react. This night just keeps getting better. EDIT: Bitpirate, don't cry. It's embarrassing. Take it like a man. Uh oh, the alter ego is back! LOL How can you seriously even mention BTC with a float of 11 million being traded into XRP with a float of how many billions? And on is owned by us the people, and the other by a company mostly. Seriously, that is crazy. The only way I could imagine that being remotely possible is if someone didn't want to pay capital gains and put it into XRP to hold and then roll back into BTC. But that would be taking a HUGE chance. |
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The fact that the dumper picked the slowest time of the week for bitcoin, screams manipulation. All the bulls that want to hold up the price, but are still looking for cheap coins, aren't around right now, which is why the slow rebound.
The weekend dip is back, meaning manipulation is overpowering users/speculators.
This whole downward movement started last Sat/Sun and I mentioned the same thing. Most people said it wasn't true, but here again it happens. |
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