Well all had seen how my last prediction got correctly.. (in general terms).. (by stabilization i meant it would be around 130 by at least a week)
Here is the next one. This time with more details
Ripples will be around 6k 7k for some days (maybe 2 weeks or less) before reaching 4k per bitcoin.
There are BILLIONS AND BILLIONS of Ripples. They will hit pennies before they get anywhere near what you are saying. |
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I've been holding from $10 to $266, from $266 to $50, from $50 to $130. I'm not selling now  You could have doubled up on those coins several times already just by making a few well placed trades Or lost half...  |
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Yeah, who would sell, when we know it's going to da mooooon!
Honestly though, who is selling right now? Who has been in this long (assuming they have) and doesn't just want to sit back and watch? Well said. I'm a bit later to the game. Started on board at 59 Euro, though I tried buying long before that but there were just no places easily accessible here in Germany. Anyway, after experiencing the recent bubble, I am now in a place of mostly calm when dips happen. I know enough about BTC to know that if the price crashed I would load up (in the absence of terrible news anyway.) |
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Thanks for the rates guys. I am an American living in Germany so I guess I don't get the good rates.
I would love to get a 5,000 Euro loan at 2%. I would roll it into Bitcoins at an opportune time.
I mean isn't that what the banks are doing once they get money from the FED? They buy bonds, put money into the stock market, etc. as that is near guaranteed profit with little risk. Risk... ehehhe
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So unless it's between 9h and 17h, on a monday, 'murica time, it's manipulation?
No, but to put a large sell order in on a weekend, at 5am is either manipulation or stupidity regarding the price you will get. I didn't rule out the latter. But this is a speculation forum. |
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Its About Sharing, a seller don't care about the price he might produce if he can sell everything, without slippage.
Would a... oh I don't know... million dollar wall be enough to insure this?
What are the chances he decides to do so at 5am on a weekend? There is a reason volume is low on a weekend. You might be right, you might be wrong. But just by looking at the math, it is probably the latter. |
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Nice short video.
Just to clarify, the transaction fee is adjustable anyway. What is nice is that it is accepted now by the miners (I would imagine).
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ya if you are just buyingone coin. and not investing the full 120. ok say you buy a coin now like you say and it goes to 1000 ya you make 880. but if you have 120 and want to invest all of it and it happens to be 100. well then you get 1.2 bitcoins. and this goes to 1000 you THEN get 1200. its not twenty dollars its two hundred dollars! and this is for one BTC imagine you have eight hundred and sixty bitcoins. - I hate how people dont get this.
You have to look at it from the stance "I have a set amount of fiat I want into bitcoins." not "I am going to buy one bitcoin and pay the extra 20 bucks to make it a full bitcoin."
STOP!!! If I invest $100 in ANYTHING and it goes to $1000 I MADE $900!!!! If I invest $120 in ANYTHING and it goes to $1000 I MADE $880!! FOR FUCKS SAKE YOU BUY A BASEBALL CARD FOR $100 and someone and you sell it for $1000 you made $900 YOU BUY A BASEBALL CARD for $120 and you sell it for $1000 you made $880 END OF STORY! If I want to go all-in with my savings to make an investment in bitcoin, I will be able to get ~20% more bitcoins after a ~$20 drop. That's a pretty big fucking deal no matter how high it goes.. Well said. My plan is just to take extra money and every month just pick up another couple of BTC's (Yes, I'm a small time player here). If the price drops much (minus terrible news), I am actually happy because, like many or even most here, I am in it for the long haul. |
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darklight, as BitCoinAshley said, the times of the sales are eye catching. Another mentioned that the sell time was at 5am US time! STUPID if you want money. SMART if you want to drop prices. But, we are an anti-fragile technology, bring it on.  Again as Ashley said, we have to spread the coins around and as we do, sell offs like this become less probable. And as we get more known, orders like this will just be absorbed. We are still in the very very early stages of BTC. Big drops in prices are just time to buy. A Black Swan like BTC does not come along that often. When it does, you take a chance as much as you can.  |
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You forgot one thing. They did it in the middle of the night on a WEEKEND.
Great test...
Middle of the night? It was 5 am here and around 11 am in Europe. 5am - Who is up then? 11am - Got me there. But still, Sunday and most volume is from American trades (e.g. - Here in Germany we are at 1,200 on bitcoin.de)... |
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Ok , I think the worst is behind us.
Probably Monday morning will clear things.
We are sitting nicely on support but I don't like the bottom of big rid candles to define support. Hopefully we have a high volume selloff tomorrow and come back up to form a nice hammer. |
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It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115. It's people cashing out. Not rebuying. Not a good sign. What? Dumping thousands of coins in one market order is possibly the WORST way to cash out in existence. All signs point to "NOT people cashing out." So what makes you say, with such certainty, "It's people cashing out." Stupidity? Ignorance? Thinking that dumping thousands of coins in one market order and experiencing slippage 2 DA MAX is the best way to cash out rather than the worst?  EDIT: And no, the fact that they did not instantly rebuy all $2.5 million worth of coins and bring price back up to 125+ does not definitively mean they are cashing out. That's not how this game works. You forgot one thing. They did it in the middle of the night on a WEEKEND. Great test... |
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HOW DOES IT FEEL TO LOSE MONEY ? LOWER LOWER!!!!!!!!!!
It feels great to know we can buy coins cheeper knowing that a large weekend sell = manipulation. You only lose money if you actually sell coins. Those of us that understand BTC are unfazed (AAAAHHHHH)... Mostly. start buying Way to soon for me. I have very limited funds. This is going to be a wait and see approach. But yes, it will be buying time. |
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you guys blew it. you could have made an extra $2 on each coin. price is going up. all is lost.
$2 profit on each coin? Ummmm, what is 2$ when we are talking game changing technology? Time to...  |
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It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115. It's people cashing out. Not rebuying. Not a good sign. I wouldn't look at it like that. It is Sunday and I'm sure a lot of auto sells are being triggered. We will see what we got this week. And if that isn't much, time to reload for better prices. I can imagine how you old timers feel - totally unfazed by this. Nice feeling... |
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I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.  That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all. I doubt they even realize how very bad a drop to 50 right now would be. Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there. If only it wouldn't go up so fast. Remember the price was $50 only a few weeks ago. You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right? No, people just want to sound badass. It's the absurd attitude of "oh, i'm not afraid of price drops,it's food for me, I earn money with it". It's pathetic indeed... noobs learn the hard way that trading is just a complicated way to loose money in the long run. Investing is a fundamentally different thing than trading. But those who know how to invest are just a tiny amount of people compared to the huge wave of dumb big mouth pseudo-traders. It's absurd to look at a 120->50 drop as an opportunity to get 'cheap coins'. What are 'cheap coins'? Where is it written that bitcoins will worth much more than they do now even if they can drop to 50 every now and then? 50 usd might be extremely expensive coins if bitcoin goes down to 1 usd. Look at the posts yesterday... no mention whatsoever about a price drop. someone dumps a huge amount of BTC on MtGox then suddenly everybody was expecting it and was just waiting for an opportunity to buy coins. Yeah, sure. Funny thing no one even thinks about the perfect opportunity that the seller caught. There was a massive bid wall, whomever had a big amount of coins to sell could comfortably do it without seeing their order stretching over a 20 dollar wide price range beyond the trading price. It was nothing but the perfect timing to cash out to fiat if you had a big amount of BTC. It's the same when the walls show up. Everybody is a market analysis specialist and is 100% sure of their stupid explanation of how every wall is 'obviously market manipulation'. I find it quite entertaining, just look at the market the last couple of weeks. Bitstamp wall is 2~3 weeks old and has held there with the price scratching it every now and then, MtGox wall gets consumed. Manipulation theorists could simply shut up, but they are already busy saying that they have always been bears. What are you talking about? cheaper coins are expected unless some whales hop on the train
All the indicators are screaming "down" ATM.
I'm on my cell phone so I cannot easily quote more posts from other members, but I can guarantee you that there were a lot of posts screaming about a move downwards during last week. As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year. IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario. Time to build up funds if we do break support, try to best "guess" the next bottom and build on your position. There is just too much happening with BTC to run away. Great buying opportunity considering support (technically & somewhat fundamentally) has been building. Considering this was a manipulative weekend sell that initiated things, should be an interesting week. Do those VC's and such that are buying into and around Bitcoin, bully up and support it? My guess is yes, but who knows. |
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Who starts a large sell order late Saturday, early Sunday morning?
I just don't see that being a good way to unload coins, even if there is a large bid wall there to take most of it.
This will certainly be a good test of our true value come Monday.
IAS
Maybe somebody who knows the news early Monday:)))) Very good point, but minus that? What da f** do you need more , a bear took a dump , and the price went to 115$. Face reality , FOR NOW , the price is going down without a major reason. Imagine what will happen if we really got one ! Um, Earth to Niothor, come in Niothor, do you read us? The point is that NO ONE with half a brain places a large sell order on a weekend unless they WANT to bring the price down. We know what we are in with BTC, this doesn't phase us. Will just by more. |
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Who starts a large sell order late Saturday, early Sunday morning?
I just don't see that being a good way to unload coins, even if there is a large bid wall there to take most of it.
This will certainly be a good test of our true value come Monday.
IAS
Maybe somebody who knows the news early Monday:)))) Very good point, but minus that? |
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HOW DOES IT FEEL TO LOSE MONEY ? LOWER LOWER!!!!!!!!!!
It feels great to know we can buy coins cheeper knowing that a large weekend sell = manipulation. You only lose money if you actually sell coins. Those of us that understand BTC are unfazed (AAAAHHHHH)... Mostly. |
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