What is happening is that the price is stabilizing and it's a good thing for BTC. No doomsday scenarios buddy.
We are just hoping this failed prediction will really, truly, finally be his last warning. |
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The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
I don't think you understand bitcoin at all. No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound) I am guessing you are a young man with few assets. I wish you good luck trading up your holdings. All I can say to you, wealth is not measured in bitcoin, it is measured in dollar (and other fiat). You're not wealthy how much bitcoins you have, you're wealthy how much dollars they're worth. So what you are saying is assets can be priced in different currency units? What if one doesn't live in the US? |
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Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry. Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying. The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits. Picking an absolute bottom for most people is very difficult, but extremely easy in retrospect. If the price rallies up to break 450 in november then the long term down trend is likely broken. That could happen in 24 hours. Given the incredibly bullish year we have had despite a heavy bear market I find it puzzling that a seeming majority of posters expect the price to drop continuously lower back to levels from 2 years ago. That's a big "If" In the context of an 11 month bear market we have rising btc adoption, rising transaction volumes, rising merchant integration and astonishing VC funding into bitcoin companies this year. Fundamentals seem pretty bullish to me. Perhaps you have another idea. Technically I see a high volume reversal at 275 and so far a higher low. I have no idea what will happen, but my guess is that it will go much higher. I am not 100% invested in bitcoin because I don't know that, sadly  Nobody knows for sure, market is to small and easily manipulated, but the problem is you WISH it will go up. You're not objective and you can't see the reality. The fact is there is a strong downtrend, it is more likely it will go down than up. I'd say there is 80% in favor of 200s to be see first than 400s which are about 20%. You are no more objective than I am. I wouldn't call this a strong downtrend in any case. Momentum is leaking out of it with each passing day. Looking at volume your guess odds are unlikely. In fact all your guess is predicated on is a line on a chart. You could be right though Edit: just realised you are called Deadcoin and that doesn't exactly support your argument of being objective. |
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The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
I don't think you understand bitcoin at all. No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound) I am guessing you are a young man with few assets. I wish you good luck trading up your holdings. |
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Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry. Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying. The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits. Picking an absolute bottom for most people is very difficult, but extremely easy in retrospect. If the price rallies up to break 450 in november then the long term down trend is likely broken. That could happen in 24 hours. Given the incredibly bullish year we have had despite a heavy bear market I find it puzzling that a seeming majority of posters expect the price to drop continuously lower back to levels from 2 years ago. That's a big "If" In the context of an 11 month bear market we have rising btc adoption, rising transaction volumes, rising merchant integration and astonishing VC funding into bitcoin companies this year. Fundamentals seem pretty bullish to me. Perhaps you have another idea. Technically I see a high volume reversal at 275 and so far a higher low. I have no idea what will happen, but my guess is that it will go much higher. I am not 100% invested in bitcoin because I don't know that, sadly Edit: I do remember distinctly wishing i had bought a lot more coins when the run up began this time last year. I continued kicking myself throughout the first few months of the year. I have since accumulated a larger position. If it rises back up into 4 digits by the next halving I will again be kicking myself for not being more speculative |
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The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
I don't think you understand bitcoin at all. |
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Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry. Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying. The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits. Picking an absolute bottom for most people is very difficult, but extremely easy in retrospect. If the price rallies up to break 450 in november then the long term down trend is likely broken. That could happen in 24 hours. Given the incredibly bullish year we have had despite a heavy bear market I find it puzzling that a seeming majority of posters expect the price to drop continuously lower back to levels from 2 years ago. |
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Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry. |
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^Bankers have better lawyers and are less convenient/advantageous to prosecute. Most people realize that the justice system is unfair, but don't draw attention to it because etiquette. When you smell a fart in a movie theater, do you yell "somebody farted"? No. It's pointless, and makes those around you feel awkward.
[/quote
Quite the apologist for the status quo aren't you? |
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Nothing will happen. Price will continue to degrade as usual.
Wrong side the market eh? |
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I'm sorry if I have to break it for you guys but there is no "math" that limits the number of bitcoins.
You need to stop thinking about bitcoin as some mathematical absolute that has been discovered by satoshi.
It is more or less just a statement made in code that everyone agrees with.
You know what you're proposing is utterly wrong right? Economics 101: -What gives money it's "power"? -The "agreement" between 2 or more individuals/entities/countries etc to ACCEPT a commodity as money. To "break it down" for you, this is as simple as you and me having an agreement that from now on we will be using Euros or Zimbabwean dollars for our transactions. This is what powers the grid. The more we agree to do so - the greater the "power". Now, there's a glitch. *IF* one of the participants decides to forfeit / steal / type more money, the agreement is invalid. You know what they say right? Whenever there's money involved, there's greed as well. THIS is what Bitcoin is. The ability of Random Matrix Math to solve the human greed factor. The flaw is not the money. It's US. I have no idea what you are trying to tell me here. People often suggest there is a greater "Math" behind why bitcoin is limited in supply. Basically it is a few lines of code in the protocol an the fact that the majority of miners and users follow that protocol. It is horribly trivial to change the supply of bitcoin to an arbitrary amount if there was enough backing by the community for it. Saying it is impossible to change is having a fundamental misunderstanding of how or why bitcoin works What you say may be true. But bitcoin's value proposition lies in those few lines of code. And that is why they will never be changed. |
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... And since no one can be an early adopter anymore and get rich, thats why it's crashing...
Of course it's possible. Consider this, if Bitcoin crashes to below < $50, then everybody can be an "early adopter 2.0" again. 1) bitcoin crashes to, let's say, $35 2) you buy a bunch at $35 3) bitcoin rebounds to $2,000 4) yuo == early adopter 2.0 I think if you are expecting bitcoin to crash to $35 dollars, conveniently allowing you to buy in, then hold while it rallies up into the multi thousand dollars you are very likely to be disappointed. It is far more likely you end up buying in a panic as it retakes $700 and heads up to the previous ATH. It happened in 2011 so maybe you will get lucky |
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Let's see if the traders can stifle this little move.
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Everybody here knows I'm dead against altcoins and have been very vocal about it to the point I irritated smoothie. But at least altcoins don't ask for a source code change in a sign of decency.
 but sidechains are there to save us from altcoins while preserving any useful features they might come up with. why can't you understand this  1:1 sidechains + altcoins features = new & improved Bitcoin ledger = everybody win! It is very tragic that such a Bitcoin supporter as yourself cannot see the light  I have only panicked twice since owning bitcoin. First time when the coin validation (white/blacklists) threatened to destroy fungibility. The second time was when sidechains were announced. My fear was the same as cyphers that floating peg sidechains could threaten value and stability of bitcoin. I have come round to brg's point of view that fixed peg side chains offer new possibilities for bitcoin going forward. |
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I disagree with you guys, I don't think percentage wise that anything much has changed in the political vs. trading camps. Look how many deluded (let's say non-pragmatic) people there are on r/bitcoin and bitcointalk too. I've known speculators from 2010, 2011, and some of them top notch, having had experience from other markets. As an example, I believe Bitcoin was mentioned in Prechter's newsletter in 2010 and that drew some chartists. Also, there's often a large overlap between the two camps, it really isn't clear cut. You also need to keep in mind that some people with dollar signs in front of their eyes will talk the feel good (blah blah the unbanked) rhetoric but that's only to shill. What I would agree with though is that, inevitably, it's gone downhill with the quality of discourse as the price rose and the Bitcoin cult grew over the years, whether this be speculative (just look at the retards on r/bitcoinmarkets, at least what they've become today) or political/economical. A small price to pay.  Well said, the quality of discussion went down since the April 2013 bubble, and the nonobjective tards made the Bitcoin cult bigger, extreme more delusional, I enjoyed hearing/talking/going to Bitcoin events a couple of years ago, but nowadays some (if not most) events are just the gathering of the hopeless cultists and quick get rich bitcoiners... back to the subject, interesting bump ( from $320 +6.3%).... I think that action is going to happen soon (we will see the real bottom), the next couple of weeks are critical. How are the shorts going? |
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It's not an assumption, it's knowledge and experience. If you think that People like H. Ford and G. Westinghouse were driven by the same greed that drives you, you're simply wrong A bit elitist there lambchop. Oh and for the record you have no idea of my motivations |
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The Winkelvoss EFT is a dump. They bought a lot of Bitcoins, enough that if they sold them on any Bitcoin exchange, they'd crash the price. Now they want out. The EFT is a way for them to sell their Bitcoins, hopefully without crashing the market.
It's probably too late for that. They need a big supply of dumb money to exit this way.
They could have sold 100k BTC during the china excitement pretty easy, also many months after the bubble they could have got twice current price. Just move 1k a day into bitstamp thats possible no? 100 days u done. Right now yeah seems pretty pointless dumping at this price. Nagle has some good posts from 2011 espousing the same negative views on bitcoin as today. Even broken clocks are more accurate. |
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Well this is the permabull thread i was looking for, couldn't find it  hi guys, are you still hodling? permabag holders You seem quite bitter about bitcoin. You are probably going to be dreadful company when bitcoin breaks out again. |
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I read that hearsay when it came out - released to do as much market damage as possible. I mean't proof, not just someone's blog. |
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Itīs sure worth to take all the effort(more than 18 months now?) to get an ETF approved just to sell 120k coins......
Because the bitcoin markets are so illiquid that it is impossible to sell that unimaginable amount of coins....
Real pity attempt to spread low quality FUD guys!
They could have sold those coins splitted in the last months for higher prices even if they would have only used BTC-E!
Tangent: So many here assume the rich are just like the poor, only with more money. That the rich are just as concerned about increasing their wealth as the poor. That's as goofy as a beggar assuming that a king's main motivation is amassing as much food as he can. 'The point is ladies and gentlemen that greed, for lack of a better word, is good.' Gordon Gekko. It is more strange to assume the rich are any different from the poor. |
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