This market is splashed around too much by whales with their own motives to take too much stock in TA. Thankfully we have a professor with academic interest only to run regressions against the aftermath.
Now now, dont be so pessimistic about the market. It has been recovering already. Pessimism is in the eye of the beholder. I thought my statement was rather neutral. Generally, I am also of the opinion that the last few months have been a very slow recovery... and seemingly inching our way up. Maybe it is going to take a few weeks to go above $300 and then thereafter, maybe it will take a few months to go above $400.... but generally seems like the trend is on its way to turning upward.. even if BTC prices may be somewhat flat for a while, such as one or two months or even longer. |
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Ah the longs are up almost 1MM over 19MM again that explains the last bump. Either someone knows something no one else does, or someone is rolling a dice big time
You don't know? Are you paying attention? I do have a life outside this thread don't wanna end up like Adam Adam may get the last laugh on all of us. NOT NOT pork is gonna catch up to and surpass Adam... And in other words, take over this thread... hahahahahaha |
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Pain will be over in 25 minutes. After that, big buys coming.
I was also thinking we might see a small "end of auction bid window" rally. Frequently, i have been of the impression that most of the bids are going to be "in" several hours before the end time of the auction, so in the last hour or two, there remains NO real incentive or motive to continue to drive the price down. NOW, whether we witness any kind of "rally" is another story, because questions will arise concerning whether any news that may leak regarding the direction of the bids, whether they were above, below or at existing market price. |
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Are we all waiting for after midnight to buy?
Why after midnight? Something to do with the auction? Because the buys have mainly been during the Western world's day time and then we get dumps during the Western world's night time, potentially the chinese are dumping while they are awake then the USA buys during our day. Its almost midnight here in Europe, and the chinese are just booting up their Lenovos....  Maybe the various time zones is a reason why we should specify, what we mean by midnight? Which timezone? |
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Are we all waiting for after midnight to buy?
Why after midnight? Something to do with the auction? |
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As you see breaking limits is so hard don't think that we will just jump to the sun .
Tomorrow is the aucion , bicoin price might die there
That is pessimism. Really, the auction should NOT cause too much of an affect on bitcoin prices - and dying?  wow!!!! that's quite dramatic. it is likely that the May 2014 auction of 29k btc brought btc prices for the govt in the mid to upper $600s and then the September 2014 auction of 50k btc brought btc prices for the govt in the upper $300s. Since this 50k auction is soon, possibly we will surmise prices for the BTC of around upper $200s. There is NOTHING really dramatic here in regard to these auctions, and any predictions of BTC doom and gloom, such as dying because of a 50k auction seems to be "out there." In other words, we have been through these kinds of large scale btc auctions already, so it is becoming more and more routine and less of an uncertainty and less likely to cause any kinds of dramatic effects. |
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I'm predicting a 112X increase within 2.5 years 32,000$ HERE WE COME  Yeah? I wonder the odds on that? Surely, such aspirations are NOT impossible, but our 2014 beating has been causing a lot of people, including yours truly, to be a little more skeptical concerning reaching those kinds of numbers in what you are characterizing as further exponential trends in the fairly near term. $32,000 would create almost a $500 billion market cap, which is less than 10% of gold's market cap, so such prices for BTCs is certainly doable with the right kinds of investors (whether it is the broad masses of the population in various global locations and/or various institutional investors). |
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wow J1G is back.
Get ready for some serious walls of text. (After all, this is the wall observer).
\ Hahhahahahaha It takes me a little while to gain such momentum and to muster up any kinds of text walls....  |
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SOON worth repeating..... I hope this is right and "SOON" would be by either this summer or at least before the end of 2015. |
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Many good news and it seems were on our way to the 300s again (finally)
Resistance above 285 but seems to be working pretty good, no bear pressure at all at this levels
Even if there is "many good news," doesn't the price need to hold off a little bit until after the auction.. because before and during the auction there will be potential downward pressures from the bidders who are attempting to keep the price low in order to obtain BTC for as cheaply as they can... I realize that sometimes, on the other hand, some big players are only capable of so much downward manipulation if they do NOT have some kind of trend or FUD cooperating to help with the downward price direction... |
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Also, maybe we need to get through the date of this latest US Marshalls coin auction too.... before BTC prices will really start to trickle up... and the auction results again will likely foreclose whether big players are bullish or just lacking in enthusiasm with their bids.
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I think that I let my activity in this forum lapse too much.. because I had NOT posted for several weeks...
woops!!!!!
Gotta attempt to catch up to NOT NOTpork
I was wondering why the page count of this thread is increasing so slowly despite the trolls... welcome back! what would you like to rant about? what if I told you that peoples mental and physical health would improve drastically if we got rid of the government?  Hahahaha... it takes me a bit of time to get worked up to a rant or to be inspired to fabricate a wall of text. I have NOT really been following the bitcoin news in recent months (or maybe more like around 6 weeks) because I got caught up with several other projects, including some traveling.. however, it is starting to feel to me a little bit like a BTC price trend reversal.... I know that I have asserted that there was a BTC price trend reversal on several occasions, since about $600 in May 2014 and all the way down to $170 in more recent times, but you know what, this time the price direction is really beginning to feel like it has some potential to be on its way up.. maybe trickling up.. but still up.... and maybe, just maybe we will get enough momentum coming up through the next several months and maybe we will see the $700s before the end of the summer or at least by the end of 2015? |
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I think that I let my activity in this forum lapse too much.. because I had NOT posted for several weeks...
woops!!!!!
Gotta attempt to catch up to NOT NOTpork
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Yes!!!! looking forward to a little further upward movement, if that is possible. into the 400s and 500s would be nice, no? |
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Forum back online & we back to up 230.
I wonder how low we would be if site went down for some day
I think that we lost some posts, because I attempt to look at my last post, and it was NO longer there. I had said something about 11111 being our potentially lucky number. Cut your looses!!!!!!!!!
CCMF!!!!!!
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Surprisingly enough (with a title like that) there might be some truth to what you say. I wouldn't call the Bitcoin community "the new elite", but it does have potential to make others wealthy if they be smart about it. Seeing as the original post was posted in 2011, Bitcoin has came long way. 10,000 a pop seems very unreasonable though. We won't make it that wealthy in our life times most likely.
How do you know? What's the basis for your conclusion? |
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So getting back to the discussion as Bitcoin hits $197,
Folks have to realize that there is a dollar amount (unknown to me) that when Bitcoin hits it,
will make mining for .....
EVERYONE
a losing proposition and when it takes 100TH to create 1BTC a day
Lets use easy math.
1TH miner takes 1000 Watts to run per day, 100 of them take 100,000 watts.
Power is 10 cents a Kwh, 100,000 watts per day (24 hours) costs $240 a day
BTC is $197, to make one you have to spend $240 a day (not counting the cost of the miner)
So its a losing proposition already.
So you solo mine and get a little luckier perhaps.
but at this point we should be plateauing right now.
Pure baseless speculation that rises to the level of attempts at FUD spreading. FUD spreading to what end? I am spreading FUD so I can accomplish what? Either you are interested in denigrating bitcoin and people's perspectives about bitcoin. Or you merely want to be a dweeb, and/or a troll. With trolling, frequently, there is no real point or explanation for why trolls engage in trolling, except because they are childish and want attention and want to get people riled up based on baseless crap. That is most likely your motive... attention seeking. On the other hand, from your current attempted point of persuasion, you are attempting to set forth an image that you want to argue the downfall of bitcoin because you have some kind of superior vision and that you are attempting to save us all from ourselves.. to let us know that there is NO future in bitcoin, etc etc... . Thank you for that JoeVentura. |
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So getting back to the discussion as Bitcoin hits $197,
Folks have to realize that there is a dollar amount (unknown to me) that when Bitcoin hits it,
will make mining for .....
EVERYONE
a losing proposition and when it takes 100TH to create 1BTC a day
Lets use easy math.
1TH miner takes 1000 Watts to run per day, 100 of them take 100,000 watts.
Power is 10 cents a Kwh, 100,000 watts per day (24 hours) costs $240 a day
BTC is $197, to make one you have to spend $240 a day (not counting the cost of the miner)
So its a losing proposition already.
So you solo mine and get a little luckier perhaps.
but at this point we should be plateauing right now.
Pure baseless speculation that rises to the level of attempts at FUD spreading. |
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Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed. All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it. You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up. Pissedoff: I agree with some of your assessment, but NOT all of it. Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board. Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level. Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue. Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum. You don't have to agree with any of it, you just have to keep watching and realize I was right then, and I am right now. BTC=$80 by June Its down $100 since the last time I told you, in 2 months it will be down another $100 You do NOT know what the fuck you are talking about, and you are just guessing. and you happened to have guessed somewhat correctly in the past regarding some kind of downward price pressures on bitcoin.. so what.... NOW, your goal is to come back and assert that you "told you so" to whoever the fuck will listen to you... and then attempt to assert that you have some kind of knowledge about the future through your continued guessing. Yes I just keep "guessing" right every single time. Bitcoin and the current state it is in, is Psychology 101. If you have a job and you make 10 dollars a week you will spend a percentage of that to food, clothing, gas, car etc. Next week you make another 10 dollars you do the same thing all over again. If the next week you lose your job and you don't get 10 dollars then your spending tends to change, you hunker down and hold what you have. Replace the word "job" with "bit coin miner" Replace the word "dollar" with Bitcoin" above No one can afford to spend $500 on a miner to create $505 in Bitcoin in 9 months. The great gold rush is over, every one held on for the next spike, but the next spike isn't coming because Bitcoin production is down a zillion percent and the cost to produce it is up a zillion percent. Everyone is holding, no one is spending, the Bitcoin economy is circling the drain. Prove me wrong and quote any event that you see taking place that could possibly turn it around. I am at a loss. That's fine if you want to just keep bragging about how smart you are and trying to engagin in an argument, merely because there seems to be a bear trend at the moment. I have NO fucking idea how long this bear trend is going to last, and I never claimed to be able to predict short term price directions in BTC, even though in the long term I remain optimistic that the market will turn around and we will return to a bull market in BTC. So go around with your cock sureness and be smug... good for you.... that the downtrend continues and you are happy about this (whether your prediction or NOT). It's called "Advice" just like you get on TV about your stock investments. Take it or leave it. I don't have to engage in an argument, my position is being underlined every day. Am I happy its going down? No. Did I prepare for it going down: Yes You seem to be a fucking smug retard. You are attempting to frame this situation in such way as if you are right and I am wrong (or people like me). You have NO fucking idea about my financial position besides reading through my posts, and even then you would only get a fragmented picture of such. You do NOT know my cashflow, my other investments, my purpose for being in bitcoin, my various timelines, my views about the future probabilities of bitcoin, my risk tolerance and a large number of other factors. You are merely going through some smug post-hoc "i told you so" diatribe in order to attempt to make yourself feel good or something. Get a life. Regarding Advice: I certainly am neither asking for advice or giving advice (except maybe if someone specifically asks me for advice, and even then I tend NOT to give advice but instead allow people to come to their own conclusions). So I don't know where you get off with some kind of belief that anyone is seeking your advice, either me or anyone else reading these threads. Regarding preparations for BTC going down... I am glad that you prepared, and for your information, I am of the impression that I have taken a variety of adequate preparations also.... surely hindsight is 20/20, but I do NOT feel bad about my past choices because I remain of the opinion that I make what I consider decent and reasonable choices based on options then available to me including taking into account a large number of my various personal financial considerations, as described in my first paragraph above. I am doing no such thing, I don't care two rats balls about you or your financial position, See that little button under my name that says "ignore" ? click it and spare me. Are you asking for anything you see or read on this site? No. But you still read it. Again click ignore. BTC is $205 You seem to have a tendency to be telling people what to do, when you know little to anything about their particulars. I will ignore what I like, and get a life. |
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