Why are you here posting negative shit if you haven't held btc for more than two days since last December?

I distinctly remember seeing you post a positive prediction for btc on the wall a few weeks ago. The price inexplicably sold off lower sadly.

It is pretty obvious you are dying to catch the next bitcoin bubble. Why not just be honest?

Did I dream it or did Ben Lawsky say he expected US exchanges to come online in 2015?

It just occurred to me that this potentially great and bullish news. A regulated exchange in the US would become extremely popular and likely lead price. It would allow big players to safely enter the market. At the moment other exchanges such as bit stamp, finex, btce or the Chinese exchanges are not regulated and therefore we are forced to trust that they are not insider trading, moving the market or fractional reserving etc. After gox a fully regulated US exchange is just what bitcoin needs.

I just watched the coinbase AMA. They speculated on where they see the bitcoin price by next October. Obviously they have a vested interest, but the founders predicted 1500 dollars to 4000 dollars. Pretty much the only way that could happen is by another price bubbling. Their reasoning was that bitcoin adoption is steadily rising and that a 20 billion dollar market cap does not seem unlikely. They also pricked the myth that merchant selling accounts for any significant down pressure. I have long thought that was propaganda spouted by short sellers.

There have been hundreds of millions of dollars of VC funding this year alone. This forum is (understandably) obsessed about the price. And yes it does have to pass up through resistance before if can go on to make higher ATH's. But that process in the past has happened very quickly indeed.

The fundamentals around bitcoin have been improving steadily throughout the year, as the price has dipped lower and lower and lower. I think the bottom is in. The next year should be very exciting. Don't get shaken out of your positions if you made it this far holders!

Bitter troll who missed out on any gains posting negative tripe again. You reference get rich quick gamblers, oh the irony. If alt coins are so amazing, why devote any wasted time on here at all?

Looking to buy again next day or two. 3day MACD kept barely negative by the obvious selling yesterday. This weekend could be exciting. We may dip lower, or instead take out 4xx again and stairstep higher. If we go below 350 for any length of time I will just buy immediately. At this stage I am assuming we have bottomed at 275, with some pretty monumental support visible there. I suspect we have a few weeks at most before surging higher on high volume, leaving bears scratching their heads and remembering that little heard word on here, fundamentals.

I wouldn't be surprised if i wake up and its over 400 tomorrow morning

Ironically anyone who was on this forum saying the same thing a year ago probably is.

I wasn't but thanks

Fools drawing a line on a chart and selling bitcoin in 2010, 2011, 2012, 2013 made a poor choice. I suspect the next twelve months will catch most people on this forum by surprise.

Fair enough. There isn't much you can do about a large speculator acting this way. If they are selling out then it will pass in time. If it a good actor attempting to accumulate coins then the price will rise in time. If it is a central bank acting maliciously then things will be interesting going forward.

Excellent thread. Well done. Like others, I shall follow it with interest as you post your first buy signal

And who are they?

Quite.

Well that made no sense. What exactly are you on about?

As long as it isn't a central bank who cares?

And thats why I don't trade but instead do something else far more interesting for a living

I don't day trade something like bitcoin. An excellent way to think you can predict the market and lose money when you belatedly realise you can't.

It is a price correction, not a particularly surprising one after several big up % days in a row. Looks like someone either took profit badly by selling 3k coins or decided to keep the MACD negative another few days. Either way the short term trends to not particularly bother me. Wake me up if we drop below 300.

You endlessly drone on about dumpers preventing further price rises. But in fact it is simply traders selling into strength. They do this expecting further opportunities to buy in, usually lower, because they do not expect higher prices in the short term. As market sentiment alters from bear to bull, coupled with shorts getting killed a few times, this will happen less as the price rises. Or bitcoin is going nowhere before the next halving.

If i had to predict future price movements they would be of stair step rises over the next few months as the memories of the bear market (and last bubble) fade. I think this because technicals can be manipulated and exaggerated easily for a time, but fundamentals cannot. As new users adopt the currency, transactions rise and new on ramps and investment modalities such as the ETF's come online bitcoin could look very undervalued in a hurry.

So yes, I remain intermediate and long term bullish. Short term who cares?

Off to bed. Probably be over 400 when I wake, eh Shroomskit? Nn porkchop

They don't need to fractional reserve to make money. They actually just need to not fuck up like MK and it is a never ending cash cow. Add to that they know the orderbooks and fiat on exchange. That information is highly valuable. There are probably a few trading accounts on each exchange which never lose.

What makes you think they are?

Where is your evidence? Oh wait..