sort of predictable result.
Loony left will win. They won't be able to renegotiate their loans to any great extent. They will not risk leaving the Euro. Loony left have to come to terms with the reality of speeding too much and not earning enough.
I wouldn't be so sure about that. Tsipras had ample opportunity in the past to compromise, and he didn't. In any case, the Euro isn't necessarily the best thing for Greece. They needed to devalue their currency, instead what they're getting is fiscal tightening and the multiplier effect. |
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guess i'm a bit home sick today....... we even have beautiful cattle in Scotland  Nice earrings, I can give her a pearl necklace to go with it. |
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somebody fucked up buying ltc on btc-e
Looks like the beginning of a pump...  |
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Its price is driven by the chineses and most of them can't read english or couldn't care less for what we write here.
Yet amazingly, China is only running 152 full nodes at this moment. See here: https://getaddr.bitnodes.io/ |
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The very next day I walked into my garage and accidentally stepped onto a rake which flew up and hit me in the head and was knocked out cold and remained in a coma for 5 years.
Was the rake damaged? That's the main thing. It's still in hospital in a coma. We're all rooting for it, but it's going to be a hard fight. |
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since I didn't hit my buy in point at the time I just got pissed and stopped dealing with bitcoin.
I was expecting sub 50 after the April bubble and I was a little pissed when I missed my target, but I sure as hell capitulated and bought when it became obvious the tide had turned. We must be vigilant, as we can so easily become slavishly attached to the trend both up and down. |
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Which part of his statement are you refuting?
I am refuting none of it. |
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indeed, too many people too bullish. too many people still holding on to their bitcoins.
unless bulls push it soon above 300$, a severe sell off in a wash-out style is probably needed
No way, you need to at least dump to $150 to trigger stop losses and at least dump to $100 to trigger another panic sale. With short swap at historical high already, I doubt bears can achieve any selloff from now on. Besides, only retail investors were panic in the recent crash. All addresses holding more than 100K coins didn't sell at all recently. That is a vote of confidence from largest stakeholders. But if I dream it to come true, who knows... |
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39% hardcore bulls a troll accounts.  Prepare for another price crash, capitulation is near. Do you have a price target, or are you awaiting technical confirmation? |
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The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.
You'da been richer if you bought coin back then, instead of mining it. This. Maybe an idealist with a three-figure energy bill was prepared to mine at a loss back then, but a professional mining farm with a six-figure bill is not, lest they want to end up like CoinTerra. This is survival of the fittest, and trying to defy it is futile. |
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lol, that's great  |
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Someone still has to tell me why history should repeat itself now that price is 100X higher than what it was at the end of the 2011 bear market. Because Bitcoin is the perfect exploit of the squirrel in man. Its utility beyond that is secondary. I mean, look at how gold is hoarded. Underground vaults stacked with bars, what utility do they possibly hold? Anyway, if history repeats it will be 35X.  Bitcoin has no utility if its price goes to 0. It will just be another random byte of data floating in cyberspace. Conversely, even if gold goes to 0, it has industrial uses in electrical components and heat conduction. Same with silver. So not sure where that comparison stems. Gold used to paint a subject under electron microscopy has utility, gold stored in vaults serves what purpose exactly? What are we doing with that stuff? Why don't we melt down all the bullion and use it for jewellery, as that would surely be more useful to us? Instead we hoard it, actually in opposition to utilization. Bitcoin doesn't lack utility when its 0, it lacks utility right now. My point is, it simply doesn't matter. |
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Someone still has to tell me why history should repeat itself now that price is 100X higher than what it was at the end of the 2011 bear market. Because Bitcoin is the perfect exploit of the squirrel in man. Its utility beyond that is secondary. I mean, look at how gold is hoarded. Underground vaults stacked with bars, what utility do they possibly hold? Anyway, if history repeats it will be 35X. |
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Relative volume on Bitfinex needs to take its growth into consideration - during the bubble its volume was pathetic. You really need to look at cumulative volume. Bitcoin Average compiles volume from exchanges with non-0% fees: https://bitcoinaverage.com/charts#USD-volumes-allCertainly high volume and a bottom for now, but it's by no means the biggie. Just looked at the link. It actually is the biggest volume spike in the short range that bitcoinaverage records (just over a year). Thanks for confirming OP's observation. It's the heaviest daily volume since the bubble, but one should remember that so too was 9 Sept 2011 at Gox, when price dipped down to 4.18. I will say that I have bought coins here, but a cautious amount. Being impetuous doesn't pay in a downtrend like this. |
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Relative volume on Bitfinex needs to take its growth into consideration - during the bubble its volume was pathetic. You really need to look at cumulative volume. Bitcoin Average compiles volume from exchanges with non-0% fees: https://bitcoinaverage.com/charts#USD-volumes-allCertainly high volume and a bottom for now, but it's by no means the biggie. |
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Holy fuck, just got up. 200 cut through like butter. |
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Why aren't the mods banning all the trolls??? It's because of them that the price keeps crashing!
People, don't listen to them! Just hold tight.. this price drop will be nothing when the next rally happens and we're over $10,000!
Banning people you don't agree with doesn't sound very Christ like to me... Unless you're Scottish, in which case it does, but involves lighter fluid. |
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Filthy bull's life is nothing but puking repeatedly into own mouth & re-eating his vomit (chewing cud). That gross or what?
Cute little bunnies are better. They're caecotrophs, which means they eat their own excrement. You should work that in somewhere. |
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We never did test the $32 to $45 range. Maybe it's time we did.
Heh, we still have to test support here, but I just can't see where support will lie if we break. There's 120 and 100, but that implies a 100% deflation of the 1000+ bubble, something that would imply lower prices. One thing is for sure, a dip down below 50 would cause real capitulation. |
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Bitcoin needs Karpeles back and behind the wheel.
And balancing on a spacehopper |
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