Gotta love the smell of panic in the morning.
Capitulation? No. Dip..? Yep.
'The end'? Oh please, get a grip!
Buying - looking nice and cheap to me. Accumulation is the game, play it. The big money is.
The big money is getting out. As 8 months of getting lower is showing us. No - the big money buys off market and then manipulates weak fools do depress the price. |
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Gotta love the smell of panic in the morning.
Capitulation? No. Dip..? Yep.
'The end'? Oh please, get a grip!
Buying - looking nice and cheap to me. Accumulation is the game, play it. The big money is.
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Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.
A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.
I have been dwelling on this analysis from Windic and of course it makes sense. If the miners go to market with the current volume, then they won't get the price they might from off exchange sales. But with these sellers and the corresponding buyers both off-market, then volume dries up. It also means the price is far more easy to manipulate by dumping a few every time it looks like creeping up and buying them back once the rise has been stopped. This will only change if off-market demand exceeds supply. But at first miners will just have more bidders and may just auction at higher rates, but still off-market. The only way this situation changes will be if the large off-market buyers see the premium asked by miners as excessive and break ranks. And these large buyers are not so stupid. So right now we stay in this equilibrium - large miners will not change it, they get guaranteed sales at market or slightly over and predictable, optimised cashflow. Miners not selling off-market are supplying about what the market wants right now, hence (relative) stability. So... what needs to change? Probably the point where it becomes inevitable that it WILL change. At this point miners may hold and ask a premium - large buyers see the cosy arrangement is not going to last and then they start to break ranks and just land grab on-market. So breakouts are being stamped on - it is inevitable it MUST be what is happening. Once it looks like this amazing accumulation 'party' is over, the shit will hit the fan. The longer it lasts the faster it will turn. And events, of course 'events' can be the calalyst for someone to blink. And so it will begin - we will have our choo choos again. Speaking of pool operators selling coins off-market, I wonder how many of them are robbing their members? I believe Eligius is the only pool that gives participants their payouts via the generation transaction, and all the rest of the pool holds the earnings of individual miners in off-chain accounts. Surely with miners, just like with speculators, there are probably a lot of them content to let the pool hold on to their coins for them. They don't understand that the number they see listed as their balance isn't the same as actually having bitcoins. Surely there must be pool operators who look at accumulating idle balances and are tempted to sell those coins off to the hedge funds who want them so badly. What's the real downside to going fractional on their deposits? When they get caught they can just claim to have been hacked. I hadn't considered that, but with the record of exchanges being so bad, it must be more than a possibility. Perhaps the only difference between an honest man and a thief is an obvious opportunity. Watching a permanent positive balance sitting there is a strong temptation for anyone but those of perfect integrity. Of course we cannot assume all miners are run by people of such standards. That would be foolish. |
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Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.
A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.
I have been dwelling on this analysis from Windic and of course it makes sense. If the miners go to market with the current volume, then they won't get the price they might from off exchange sales. But with these sellers and the corresponding buyers both off-market, then volume dries up. It also means the price is far more easy to manipulate by dumping a few every time it looks like creeping up and buying them back once the rise has been stopped. This will only change if off-market demand exceeds supply. But at first miners will just have more bidders and may just auction at higher rates, but still off-market. The only way this situation changes will be if the large off-market buyers see the premium asked by miners as excessive and break ranks. And these large buyers are not so stupid. So right now we stay in this equilibrium - large miners will not change it, they get guaranteed sales at market or slightly over and predictable, optimised cashflow. Miners not selling off-market are supplying about what the market wants right now, hence (relative) stability. So... what needs to change? Probably the point where it becomes inevitable that it WILL change. At this point miners may hold and ask a premium - large buyers see the cosy arrangement is not going to last and then they start to break ranks and just land grab on-market. So breakouts are being stamped on - it is inevitable it MUST be what is happening. Once it looks like this amazing accumulation 'party' is over, the shit will hit the fan. The longer it lasts the faster it will turn. And events, of course 'events' can be the calalyst for someone to blink. And so it will begin - we will have our choo choos again. I am all fine and dandy with that analysis... yet it seems that the time-line and stability of this arrangement remains unclear. This arrangement could continue for days or maybe even up to 4-6 months. .. let's say 4-6 months of about $2million per day in BTC being bought off line (3,600 x $600) That is only about $60million per month, and it remains unclear for how many months that will be a sufficient supply for accumulators. I don't know, of course - but I 'feel' less than two months... But we don't know what the real market (the off-market) is doing, other than it is right now in some sort of equilibrium. As mining difficulty changes things must change in the end - but when? Hmm... |
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Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.
A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.
I have been dwelling on this analysis from Windic and of course it makes sense. If the miners go to market with the current volume, then they won't get the price they might from off exchange sales. But with these sellers and the corresponding buyers both off-market, then volume dries up. It also means the price is far more easy to manipulate by dumping a few every time it looks like creeping up and buying them back once the rise has been stopped. This will only change if off-market demand exceeds supply. But at first miners will just have more bidders and may just auction at higher rates, but still off-market. The only way this situation changes will be if the large off-market buyers see the premium asked by miners as excessive and break ranks. And these large buyers are not so stupid. So right now we stay in this equilibrium - large miners will not change it, they get guaranteed sales at market or slightly over and predictable, optimised cashflow. Miners not selling off-market are supplying about what the market wants right now, hence (relative) stability. So... what needs to change? Probably the point where it becomes inevitable that it WILL change. At this point miners may hold and ask a premium - large buyers see the cosy arrangement is not going to last and then they start to break ranks and just land grab on-market. So breakouts are being stamped on - it is inevitable it MUST be what is happening. Once it looks like this amazing accumulation 'party' is over, the shit will hit the fan. The longer it lasts the faster it will turn. And events, of course 'events' can be the calalyst for someone to blink. And so it will begin - we will have our choo choos again. |
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580$ is the new launch pad, no one seems to be willing to sell below anymore! Walls will be removed and/or get demolished soon! Ready to lift off!
800$ INCOMING !!!!!!
I sir hope you are correct....I want my $1,100 BTC price back from last Nov 2013 or whatever ....( i started mining in Oct 2013) to me $1,100 for BTC is 'normal' anything after that date/price and as 'low' as we see now... I am 'not' fine with......but as a result of my 'exuberant expectations' and my newbie bitcoin youth I find around $580 to $600 WAY WAY too low ......I mean really...it ain't bounced back yet?.. .thus i have a 'expectation issue' so to speak..the dreaded.... *pucker problem* at that $600 usd to BTC price point don't ya know heh  So for my piece of mind...lets see some movement up to that nice $1,100 usd that can be our NEW baseline ..and the newbies of Fall 2014 can deal with their own expectations/pucker problem from that price point on ....over our 'new' baseline  (Its all about me 'damn it".........) Searing Once BTC prices go past $850, they are NOT going to linger in the $1,xxx price range, they are going to shoot into the $3k to $5k price range, and then they may come back down into the lower $2,xxx price range as the new base. Sorry to break the news to you. On the other hand, it is really tough to predict when exactly, BTC prices are going to move passed $850... maybe within the next 1-6 months?  ? Doesn't look to be happening this week... |
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Longer than any of us think. Hmmm... you would hope so... but I rather think that is still sooner than some think...to some degree the wheels are already in motion... just waiting for the chips to fall... Can only kick that can down the road for so long... Portugal Italy Greece Spain (and others in the Eurozone) Are all in the shit. So are Bulgaria So are Argentina and they are just the ones on the brink of the next wave of shit.. There are other even bigger problems brewing away underneath in several other places... (not to mention the US (and others) still seem to be on a debt suicide mission, with zero sign of changing course) This cannot help long term confidence in the bond market.. there is already pressue on the bond markets in more ways than one.. one new big problem could lead to contagion and bingo it is systemic before you can say Bear Stearns. Coupled with the QE scenarios , either QE to infinity nor tapering look that attractive There is only so long that the can , can be kicked down the road... they are barely in control now... what happens if when fate throws a curve ball into the mix? Sunday Thoughts: The 'system' is essentially chaotic and too complex to not have an infinite number of 'curve balls' coming at it - all the time. It is also fragile. However most of the power in the world has no interest in a huge systemic collapse, so in the short term it is unlikely to happen. In the long term, you're right it cannot survive as it stands. Therefore it adapts, or catastrophically fails. Currently it is a holed ship with each of the seamen being relied upon to patch the holes next to them, and if necessary calling for help from others from time to time. However, it is not robust enough to survive the circumstances of an extreme storm and storms do (and will) hit from time to time. Sure, Bitcoin will survive - but at the moment it still interfaces with fiat money systems (people buy and sell it with fiat) and works with existing ways of exchanging goods and services as a 'alternative and better' transfer of value system. It does still need to grow alongside the system, though. In a total catastrophic collapse of the financial system, Bitcoin may not be ready to help. However, if the ship sinks slowly and parts of it fail enough to reduce confidence in fiat money, but not all fail, this will be the ideal scenario (for Bitcoin). We just need patience. The ship is getting more and more holes - but we do not want it sinking entirely with all the sailors drowning, as we would go down with it. |
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Taking all factors (political, financial, rationality, greed, etc.) into consideration, I predict BTC will hit a high of $950 in 2015 and settle at about $750.
I predict your prediction to be wrong. +1 "The Force is strong in this one..." |
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Under 50 BTC on stamp to go under 600 again...
I guess that means a tense weekend, no volume either way to suggest a definite trend above or below.
I know what I want to see, but Bitcoin is a cruel master!
Choo choos are (as yet) premature...
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I just want to give a Shoutout to my fellow bull friends! For seeing through the bearish manipulation and keeping things in check. Thanks!
Some of us have balls and sold none (and feel pretty smug at buying more once it hit 560...). It's not bulltard behaviour - just common sense |
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Holy fuck, i'm a Hero member. I can die peacefully now.
congrats Ivanhoe! Yep the stalwart Ivanhoe has done well... |
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Last night it was all 'we're all doomed' and people calling 'under 400' or even lower. I was trying to say it was ludicrous and actually just causing panic when 550 was not even going to be breached (and yes check back I said we might overshoot and dip through 560, but any lower was too much of a BUY). Today it's back up to where we were a couple of days back and it's 'to da moon and rockets'?!!! Gotta love this thread... I would love it more if it weren't for the bs manipulation attempts. Shrooms/kreinaha etc would never convince me to panic sell, but you can bet some poor schmuck did. At one stage the crash word was being bandied about regarding a drop from 620 to 550 over a few days. I mean come on! +1 yup, everyone logs in here when the price moves. I guess the place is just full of volatility junkies waiting to get the popcorn out. |
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Last night it was all 'we're all doomed' and people calling 'under 400' or even lower. I was trying to say it was ludicrous and actually just causing panic when 550 was not even going to be breached (and yes check back I said we might overshoot and dip through 560, but any lower was too much of a BUY). Today it's back up to where we were a couple of days back and it's 'to da moon and rockets'?!!! Gotta love this thread... |
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Ripple is releasing their first contracts implementation http://codius.org/It looks pretty sweet. Good to have you back and convincing us to buy into the ripple fiasco. I actually bought some a little while back when it was 200K to the BTC, be able to dump them again soon, then! Glad you commented TBH, for some strange reason I can't see his posts and I'd forgotten I bought 'em |
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Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again!  How would you know if posters here are buying or NOT? I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat). I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower. To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level. Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news. There is no balance sheet and no history of earnings to analyze. Yet people are over-invested and over-leveraged to the hilt. When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load. But not now. Bad time to sell.+1 |
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Everyone stop panicking. This is following what I said earlier today. We are past the second horizontal, but it still could hold which means we will be following a triangle to a point before a crash or a moonshot. But what I think will happen is 560 will break and then we will rally around 540 in keeping with the slight downward trend from June first. If there isn't a rally there then or 540 won't hold, then the long term trend should keep it above 515. If that fails. We are in for a ride and I expect some crazy action. http://imageshack.com/a/img536/8384/OyNafd.pngSaying 'don't panic' then predicting a possible 515 or worse, is actually infuriating - apologies - but I am personally hoping the 550s is as bad as it gets! |
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We overshot a little, but 560 has good support...
Fingers crossed (and yep, I have been buying)
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Aminorex's monkey is getting better.
Trust it, I am.
Lock and load. Buying now...
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yes people sell now
@ShroomsKit
If you by any chance still have 0.000001 BTC somewhere, SELL NOW
Careful guys. If you haven't sold already it becomes more and more risky as we close in on 560. Rule #2 of trading: If you don't know what to do, HOLD Too late to risk selling from my core stash now. It might over shoot 560. But if hits 550, I am starting to buy more - that is too cheap. |
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