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Wow. Looking like we could hit $400 soon.
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I'm calling in a support unit from here.  |
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Oh that's right. We were discussing Bitcoin...
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I think we can now see what happened. Guys like this bought BTC off-exchange at the last exchange price, then used that BTC to short the market and get even better exchange prices for his purchases. This continued until the $300 sell wall event, which was performed once the cash flow of off-exchange Bitcoins received were not enough to push the price any lower on exchanges. Then they took a portion of their BTC holdings and created the high-volume bottom as a $300 sell wall to trigger the next bull market. The cash proceeds from this event is now being used to apply buying pressure to fuel the rally and ignite the next bubble, which increases the value of the remaining BTC in his portfolio. |
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Upon closer examination, it appears there is some kind of internal heat source that was not evident to me when I made my last predictions. It should have cooled to ambient temperature, but it is still steaming, and in fact it actually appears to be getting hotter. At this time, the evidence suggests it may steam indefinitely, however the heat source is still a mystery to me, and there is a possibility that it could lead to overheating which, left unchecked, COULD cause critical failures, meltdowns, and possibly explosions.
I recommend to everyone to go all in. I believe circle.com accepts credit cards.
Kudos to you, and hats off. Someone who is capable of critical thinking and changing his mind in a public forum is rare these days, especially here. |
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Why would anyone sell on an exchange when you can get 8% more cash selling to this guy: https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cdIn fact, this is an immense arbitrage opportunity. At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him. The only requirement is you must do at least 10 BTC. So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot. I don't have more than 8 BTC  But for 8% would be worth take a short term loan Go for it. Since he's using Bitcoinaverage to set his price, you're going to get the price *after* your buy too. This guy eats any slippage. |
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Why would anyone sell on an exchange when you can get 8% more cash selling to this guy: https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cdIn fact, this is an immense arbitrage opportunity. At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him. The only requirement is you must do at least 10 BTC. So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot. |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems. blocked... and full node!!! I will assume that you don't know what you are talking about. You can buy a static IP and have the port open on your host. Edit: where will you buy it from? what part of force ISP don't you understand ? I think you don't understand what this would require either. if killing Bitcoin is required ( if Bitcoin becomes a threat) it will be achieved, everything is possible when there is a will. Like the will to kill Torrent? |
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I wonder if this had anything to do with BFL.
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At these prices I had to add more to my portfolio. I haven't ever been able to pull off a market buy of that size with such little slippage. Thank you to Mr. Wall.  |
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daily green!
WTF!
This would usually indicate a definite bottom. But with uncle BTC-bags hanging around his trading terminal today, anything is possible. |
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Our weekly volume hasn't been this high since February.
Our 3-day volume hasn't been this high since April.
Our 1-day volume hasn't been this high since the beginning of March (Gox).
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Ok, we all sell everything at the end of the countdown... We create a a giant high-volume candle and mark the bottom. Ready? Please help me count, everyone...
10...
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I haven't heard much about the Bitcoin ETF lately. There seemed to be some consensus that it would open by the end of 2014. Maybe an "entity" of some sort knows something the rest of us do not know yet? This would explain a lot about why the price is being desperately pushed down.
i think they keep filling it and it keeps getting rejected, someone posted a link the other day and you could see them filling it every few months. not sure if legit or even how these things work tho... maybe regulators are waiting for the "bottom" to open it up to the public? idk. SEC rejects application for Winklevoss COIN ETF due to Bitcoin's apparent slide toward death. More news at 11. /sarcasm |
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Funny. Anyone truly dumping would be telling everyone to buy or hold so they can get a better selling price. Anyone telling you to sell is simply trying to get a better buy-in price.
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He must be talking only to those holders who bought after November 10th, 2013. Because everyone else is still sitting in profit.
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Since when is "systematic and reasoned basis" a black swan event?
I am happy they will get crap prices for the coins though.
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Copy that. We are in the pipe. Five by five.
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