I just want to see what the perma bulls keep seeing as strength in the bitcoin chart...  That's the point. We don't see strengths in bitcoin charts. We are perma bulls because we are paying attention to the news. The infrastructure. The startups. The mass quantities of smart people building businesses, services, and "innovating at the edges". There is absolutely no sign of slowing down in this regard, and charts mean a pile of shit compared to the aforementioned elements. Unless you're talking about short term permabulls, permabulls are the only smart people on this entire discussion forum. Because their faith is in whats actually *happening* out there. When I begin to see all of that slow down, or stop, that's when I turn from a bull to a bear, and get the heck out of Dodge. -B- The current trend and long-term potential are different things. Besides, it's not wise to count your chicks before they hatch. |
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Am I hearing right? Moolah (owners of Mintpal) are filing bankruptcy. I guess if you have coins on the exchange you need to move them.
They say they've got a new management team, but I'm pretty doubtful they'll be able to make a comeback. |
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Plenty of exchanges got hacked as well and couldn't cover their losses. I'm sure we'll be seeing more of that in the future too.
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I must be missing something. If OP deposited 13 btc, where did they go? |
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For the avoidance of doubt - OP did make deposits of up to 13 BTC, however at the time his account was frozen, the account balance was <0.1 BTC.
The OP is a fraudulent user. Even so, we have continued to respect his privacy by not posting details of his other accounts and bet history.
1. This has nothing to do with public wifi. In fact, OP connected through Tor.
2. The account balance was not 13 BTC, it was less than 0.1 BTC.
3. OP knows exactly what he was doing and the way in which he abused the affiliate program with almost 50 accounts. This was systematic, deliberate, and malicious fraud.
This matter is closed.
Regards,
Cloudbet
What I understand from that post is that you are in possession of the 13 btc the OP deposited and are going to keep them as punishment for his alleged fraud attempt. Is that correct? This is starting to get interesting  |
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I buyed @1000+ usd/btc. Now, after a year spent by occ as iona lla looking and taking losses, I buyed one more coin because I think they are cheap.
I will never, NEVER, let my coins go for less than the price I payed. I could be not a rational investor, but I think a lot of people in the btc business are thinking like me.
Of couse for a big investor is different, but seems to me there'really lot of amateurs owning btc...
Total respect dude. You have my total respect. Hodlers hold, love, and want btc to the moon. Bears go short, hate, and want btc to fall. Speculators are emotionally unstable and, usually, lose money. You bought btc at over $1000? That sucks man, I hope you didn't lose a lot. |
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- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.
Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.
- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.
There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.
Conclusion: The coins were not sold. The seller bought all or most of the coins.
- If both of the above are true, then why?
Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?
- There are a lot of crazy people in bitcoin. - There is no guarantee that this is the low. |
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Ill admit it. Curently this is not early adoption phase. That already happened early last year.
Ppl who jumped in the wagon this year or late last year, we already late.
The days of throwing $100 at btc at $1 apiece and then selling them for $1000 apiece a few years later are indeed over. That's not to say that there isn't profit to be made though. |
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LOOK OUT BELOW! How low will it go?! Nobody knowsss
Ahh good to see your back now that BTC is down a few bucks. So how of this shit do we have the privilege to get from you this time? I would assume you would be just as happy when the price goes up right? I've actually been posting the same "be careful" warning the last 3 days of advance we had....... Open your eyes! We poped to 450 after paypal news because the markets easily manipulated! The real whale that runs this price exchange is waiting for most of you to rush in saying "omfg cheap coins less than $400" After you rush in to pay that I am sure you'll get crushed. Bitcoin has been hitting lower highs for almost a year!! Everyone is cashing out except you guys! GLTA! This trend of lower highs should be apparent to most rational observers right now. Just how long we will continue this trend is anyone's guess, but it does appear that we may continue along this trend at this point. I don't think everyone is cashing out, as we would see a mega-crash in that scenario, but we may see lower prices yet. |
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Buying and holding is a good strategy at any time. Tell that to the people who bought at $1200. At this time that doesn't exactly appear like it was a good strategy ya know what I'm sayin'? |
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I guess we will have to wait till the next halving of the block reward.
When is that? Around August 2016 according to bitcoinclock.com. The exact date isn't known though |
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Highly doubt bitcoin can go up more than 1000. There is no easy money in the world.
If the status quo persists then I agree with you. Only 500K-2M users and I haven't seen any indication of any large userbase expansion. The internet back in 1989 had more users than Bitcoin currently does. Userbase is only one relevant measure. Take a look at Pantera's BitIndex, which incorporates a variety of measures, user base being only one of them. Things are moving forward nicely according to the BitIndex. Pantera has developed the Pantera BitIndex ... to assist us in forming our views on what may happen to Bitcoin in the medium term.
The BitIndex currently incorporates seven data series, weighted according to our opinion of how the data affects Bitcoin’s long-term success:
1. Developer interest on GitHub is the most important metric, as it anticipates applications which will make Bitcoin more useful.
2. Merchant adoption is a proxy for the ease of spending, which is important for consumer adoption.
3. Wikipedia views are a measure of how often and how extensively people are becoming educated about Bitcoin. It is very erratic, spiking when Bitcoin is in the news.
4. Hashrate is a proxy for security, a primary determinant of a digital currency’s success. Without significant hashing power, a blockchain can be easily attacked or manipulated (witness how many altcoins have succumbed to a 51% attack). A log scale is used because this series has gone up 8,489x since the beginning of 2012.
5. Google searches measure Bitcoin’s media presence, captured by the number of times “Bitcoin” appears in the news or is queried by interested parties.
6. User adoption as measured by wallets determines the extent and speed of the network effect. Because wallet growth has been so rapid (115x since the beginning of 2012), a larger weighing would overwhelm other metrics while using a log scale would have required an absurdly high weighting.
7. Transaction volume is a proxy for Bitcoin network uses. It is underweighted because of the arbitrary nature of some bitcoin flows.
While the size of the userbase may not be the only factor, I think it is an important one. We've had a lot of merchant adoption in the last year, the hashrate has exploded because of ASICS, developers are flocking to crypto in hope of attaining a slice of the pie, BTC has been featured in the media time and again, VC money has been investing in services, etc. While tawnsew might be correct that most btc users don't have an account here, I am certain that the growth in users has been slowing down since the beginning of the summer, if not earlier. There is simply not enough demand for btc to meet supply and what is happening right now is that the userbase is lagging behind those other factors that you listed. What btc needs right now is growth from everyday people. It would be better for a million new people to buy 1 btc each than to have some slimy wall street crook buy a million btc. |
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Nice coin but the premium is very high. 18 btc is like $7k but this coin is only 2 ounces of gold, which is $2500 plus 5btc.
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I don't want to go thru all these pages, but did the OP actually reply since the orignal post and about his actual sale?
For all we know he could of taken profit a long time ago.
No he only mentioned that he would hold onto the coins as an investment, but who knows what he ended up doing. I wouldn't be surprised if he still follows this thread under another account. |
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I hate to see these exchanges go belly up, as it's bad for crypto in general. I've been much more vigilant in keeping the bulk of my coins off exchanges ever since the gox insolvency.
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Highly doubt bitcoin can go up more than 1000. There is no easy money in the world.
If the status quo persists then I agree with you. Only 500K-2M users and I haven't seen any indication of any large userbase expansion. The internet back in 1989 had more users than Bitcoin currently does. The number of new members here has been shrinking for a while too. Only 3800 people registered here so far in October. I know not every bitcoiner has an account here, but I'd imagine that many of them do. |
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not sure where you guys get this hold idea from,the game isn't hold its buy low sell high. It would be more wise to sell before it crashes make your money back and buy low and than hold,not hold it entirely until you think it has finally hit its highest point. I could tell none of you even have traded bitcoin because if you did you would have better advice to offer this bafoon than to hold the coin when it could potentially hit 100 and stay there. He doesn't have time to just hold its a waste of money.
I can tell that you don't frequent the speculation section much since you haven't noticed the cult of hodlers who try and proselytize on every thread. Some of them may be delusional, but they sure are a persistent bunch. |
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You may also want to check out maidsafe, who are working on a decentralized system. In theory, a user would be potentially able to set up a decentralized website or app that is distributed among many nodes on the SAFE network instead of a centralized server. Of course there is still much work to be done, and the project is still in the testing phase.
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the bear will have the same story in each price bracket, the price will fall. 0~$1 1~$10 $10~$100 $100$~1000 now. $1000~$10K $10K ~ $100K $100K ~ $1M The bear will be right between every bracket the price will go down, overall the the school of Hodl will prevail by orders of magnitude. A significant number of bears will be slaughtered each time when they miss the order of magnitude jump, their  small 2x 3 x of gains will be insignificant. Of those residual bears they will get slaughtered on the next order of magnitude, and some bears slaughtered twice as they continue being bears and miss out twice or thrice. Eventually then most bears will disappear. The majority of bears that continue on will be bulls who pick the right time that BTC has hits saturation uptake. The more I look at alts, excepting a few, every IPO wants one thing....BTC. Every IPO strengthens BTC as its position is entrenched However at least BTC Bears have BTC. The biggest bears a certain state actors who hold FIAT only. What is this, the hodler's prophecy or something? |
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I think it's time to bump this thread.
I'm betting 0.05 BTC we just passed 398 for the last time.
How long of a timeframe on the bet? Are you willing to have an escrow hold the bet money? What exchange are you going by? Ok Mr Big, my first bet with Bitcoin, - ever - I'm now a gambling man  I'll take you up if you agree to these terms, price average as displayed on http://winkdex.com/start: Oct 14, 2014 8:01pm EDT (12:01am UTC) fro 1 year. if I win you can send the 0.05 BTC to this address: 16uniUFpbhrAxAWMZ9qEkcT9Wf34ETB4Tt and sign a message posted in this thread. if during any time over the next year it dips below 398 on the Winkdex I'll send 0.05 to an address of your choosing and sign it if you want. At least you could come up with a more interesting bet... and also be clear to settle the terms of the bet before it is lost. This one is likely to be lost within 24 hours, no? possibly more likely within less than 4 hours. if he had taken the bet I'd have lost, but I'm not interested in betting actually, i just wanted justusranvier to update the milestones, looks like we cant cross off 389.11 yet. bitcoin moves from week hands to strong, 0.05 could just slip through my fingers. I have posted "we will never see $xxx.xx" again only to eat my words. I have decided not to say that anymore. It does feel like we are way undervalued right now and I have no idea why we keep dipping back down. Maybe when the price hits $600 and up we can safely say we will never see the 300's or even 400's again. We keep doing down in price because the supply of BTC is outpacing the demand more each day. Until that pattern changes, I would not expect a sustained bull market. |
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