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Looks like a lot of people here insists on the "Black or White","Bear or Bull", "All or Nothing"-Scheme.
Incurable.
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Everyone needs to get bearish so we can liftoff again.
So you think we need to shake out some longs first, or do you think we simply need to get the movement going again? I try to understand why people feel the need for another crash before a new rallye can emerge! need real despair. i mean REAL. almost to the point where you will think the game is over and that bitcoin failed.  Wow, yeah.. That would surely spark a decision I guess.. But I don't know if I could handle that, I'd be freaking out completely. But I want to stay in Bitcoin, I don't want to play it safe or try to daytrade the market (because I'd fail ) What can I do to ease my mind a bit?  Despair only helps existing bears, useless. We need new people to get in, that's all. But that sounds like the logic on which a pyramid scheme is based on! Aren't we trying to shed that clichee off of Bitcoin? Although I guess it is kind of true, because more people have to come in (or funds, to be precise) than there are new BTC mined every day! What do you think is the difference to the stock market? For a rising value you need new buyers or existing investors accumulating more. Higher demand != fraudulent pyramid scheme But I agree so far, that a lot of people are trying to let Bitcoin look like a pyramid scheme (Price is always cheap, no matter what price you buy, there's only one direction: up, etc.) |
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They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
By doing this, miners would go to the drive up the price on exchanges. It is not that easy to elude the circulation of an economic system. |
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Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
What you are writing is correct but you are arguing in a sophistry manner, bitcoin is no pyramid scheme, regarding the typical fraudulent definitions. It's a semantic shift by mmitech, talking of pyramid scheme but meaning a pyramidical wealth distribution. Reading you, I get the impression that you are not silly (even as I would not agree with a lot of your quoted text) and you understood the regarding context. That the wealth of bitcoin is distributed as a pyramid - I think this is undoubtably. But as I said earlier, that is capitalism - not only bitcoin. Wealth of Bitcoin is more likely to be a Boltzmann type distribution (in my opinion) Agreed, as a pyramid is a very rough description for any wealth distribution. |
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Its just normal human nature...
That's true, but it's a plain thinking nature. If I see a good probability of a rising value in long term, I can fully agree with a falling value in short or mid term. I don't understand this logic at all. If you truly believe that bitcoin is resilient and will rise to greater heights then buy now @580 USD while it is down 50%!!! from its ATH.
Same here. The price is not always cheap or even a real bargain - that's what gold industry is announcing all time - and that's the same mechanism overexcited bitcoin bulls are trying to establish. High price, fair price, cheap price, bargain, short term, mid term, long term etc. - all these are different things - so it's not contradictional to be bullish, and already holding bitcoins, but to speculate on lower prices. |
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But stability could have a self-reinforcing positive impact. Flushing out the “To the Moon” crowd might be just what the doctor ordered for bitcoin to gain respectability and mainstream acceptance. from: [Suspicious link removed]j.com/moneybeat/2014/08/08/bitbeat-learning-to-love-a-boring-bitcoin-market/ Bitcoin is a far away from any definition of mainstream, that I could agree. Mainstream does not know, what Bitcoin is, so there can't exist any acceptance or not-acceptance. If there would be any kind of mainstream acceptance the market cap would be a lot higher. (So this is a self contradicting theory) This is no ultra-bullish statement, implying diabolical price spikes in the future - I only can't see any relationship between mainstream and Bitcoin for now. |
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Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
What you are writing is correct but you are arguing in a sophistry manner, bitcoin is no pyramid scheme, regarding the typical fraudulent definitions. It's a semantic shift by mmitech, talking of pyramid scheme but meaning a pyramidical wealth distribution. Reading you, I get the impression that you are not silly (even as I would not agree with a lot of your quoted text) and you understood the regarding context. That the wealth of bitcoin is distributed as a pyramid - I think this is undoubtably. But as I said earlier, that is capitalism - not only bitcoin. |
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for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that (your) definition, so is the stock market. And the PM market. it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion. Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page. At all. http://en.wikipedia.org/wiki/Pyramid_schemeand tell me how does this deny my statement ? you just posted a prove of the above  It's not the word "Pyramid" it's the word "Scheme" that gives me pause. Just who exactly is doing the scheming? all of us, the Bitcoin community, you are higher in the scheme if you bought before me (or cheaper to be accurate). Baseball cards, paintings, and antique cars fit that description. Capitalism is a natural pyramid scheme and bitcoin is a capitalistic asset. I think you refer more to the "fraudulent" pyramid schemes, not? |
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So are we going up or down?
I can't understand if I should enter now or wait for the final capitulation.
If you are not invested at all in bitcoin, you could buy now, but have to be strong in the case of a possible capitulation that could go to low 300's or less probable even lower. Nobody can assure you will happen. All speculation is only build up on probabilities, and even these probabilities each one will define different. My estimate: 40% capitulation to (400's - 300's), 30% longer sidewards movement (500 - 800), then bull run 25% bull run in the near term 5% cataclysm to very low levels |
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hm, it seems right now we're in the "investment memory is long" phase, and have yet to reach final capitulation.
That's my impression, too. But one should be careful, to build up trading strategies on such assumptions. My personal conclusion is to hold on breathe, not to sell but also not buy, waiting if capitulation happens or not. Overall market sentiment is looking confused and puzzled. |
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Interesting! So you are basically implying that we may still be in for the 'really big' bubble that will make the previous ones look like small spikes. But the outcome of that mega-bubble will then decide about the future of bitcoin?
I don't know! ;-) Bitcoin is very different from the NASDAQ, but humans and their emotions like greed and fear are the same. |
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To be honest, though: Bitcoin hasn't seen that sharp corrections. I know those charts are exaggerated and are only supposed to illustrate a certain movement...
Your quoted bubble is an illustration, the other picture looks like the NASDAQ. Yeah but if we compare Bitcoin bubbles to past bubbles from the regular good old financial sector, we can see for example that the Bitcoin bubbles don't go as far down as the Dot Com bubble did after it went bust. The whole ecosystem took years to recover. Bitcoin remains at about 2-4x pre-bubble-prices The NASDAQ bubble has developed over several years. To compare those two in the bigger picture (as you do) you should look at the NASDAQ years 94 - 98. So the real boom has not even started. It depends all on the timeframe we choose. But this very, very speculative.  |
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To be honest, though: Bitcoin hasn't seen that sharp corrections. I know those charts are exaggerated and are only supposed to illustrate a certain movement...
Your quoted bubble is an illustration, the other picture looks like the NASDAQ. |
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But if you don't artificially compress it to meet your views, it's pretty clear those two charts do not match at all.
Neither chart has a timescale associated, therefore compressing the Bitcoin chart doesn't alter the relevance of the trend data... Since the chart is just a representation of a typical bubble cycle it actually makes sense to change the timescale of the Bitcoin chart to where it matches the trend closest. Of course, neither chart is really valuable for predicting the future price of Bitcoin when the market is so illiquid that even modestly wealthy single entities can be major market movers; that alone makes it utterly unpredictable... Very reasonable posting. Even if this chart was posted as a joke or for trolling, it shows a typical development of a bubble. Each bubble has a proper progress and second capitulation can't be ruled out. Analyzing trading, the hard resistances etc. I give it a good chance, but it's no obligation. |
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In your opinion how many Bitcoins would someone need today in order to retire by August 03 2019 or Aug 03 2020?
For each thread of this kind that pops up on this forum, 1 coin more than before. In few years there will be more 21,000,000 of this threads :-( |
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huge buy order on stamp! Is this GABO buying?
I think it's related to this news: http://www.c[Suspicious link removed]m/id/101898588  Another flash in the pan? |
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On Bitstamp the bid sum / ask sum ratio stays around 400$, compared with 700$ a month ago.
Just some minor FUD can trigger capitulation. The bulls need a miracle to avoid it.
I noticed as well. Really admirable how the price is still holding in the high 500s in the face of this ask pressure. By the way, the 2% divergence between Western and Chinese exchanges is being resolved by the Western ones following. Seems that China still has more influence than I thought? Is Jorge right after all? I agree, crash into 400's or even lower is probable scenario. On the other side I can't bring myself to short as another probable scenario is, that there are very creative entities, interested in let the market looking weak. Meanwhile I'm clueless, absolutely without any idea. Time will show... |
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Every day that Monero is under Darkcoin is a day that gives you an opportunity to buy cheap coins.
What if one doesn't have Bitcoin with which to buy? the feeling that you get when buying XMR with DRK is amazing. Sounds more like heroine ;-) |
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People asking for trading advises, should better use a fortune cookie.
So your fortune cookie:
She used her best make up and is dressed beautiful. Her headache has gone and she's whistling her favorite songs, but as she often suffers from migraine, situation can change quickly - to a really nasty and ugly diva.
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Trolling is about in your face fear and/or annoyance - which is your specialty, creating depression so that people just feel more miserable all over and are more likely to sell even if it hurts themselves.
I really like and appreciate fonzies bear trolling skills, but I would really be appalled if there are people selling since they got trolled. Can't imagine that humans could be so &¥+#~! However. Fonzie was responsible for the ~800 to ~300 crash, so now he'll be the one who will leads us to +5000 ;-) |
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