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Evolve, where are you brother?
I need some bear talk with a touch of humorous drama.
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So much fail in this thread.
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I wonder how much longer this pattern will carry on for, maybe I should just leave a bid on for $2, then ignore BTC for a few months to see if I get it.
And an ask of $10,000 just in case it goes the other way
Fortunately I don't have (can't afford!) enough BTC or fiat in this for it to be a disaster regardless of what happens.
$2 won't happen Dips are not being too deep, bear is on, but the bottom is closer than some this-is-2011 doomsayers are expecting. |
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adamstgBit, sometimes I wonder if you are just trolling...  with selling pressure severely depressed due the mass delusion of a bitcoin depression on the horizon. the rally will cut through all resistance points like a hot knife cutting through soft butter. 180 with 12days  You sure you didn't mean 180 in 120 days? We'd probably be at that point already if our mystery weekend 5am coin dumper hadn't appeared on the scene last month, the price was climbing nicely until then And that's what makes the whole dumping thing so silly and annoying. It's as if these people don't want Bitcoin to go up. No, "this people" want to realize massive fiat profits. And there's no easy and quick way to sell +8k BTC in this tiny (bear) market with shallow depth and low volume. Bitcoin already went up a lot. Let the baby correct. |
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These dumps always seems to happen at around 5am UK time, I wonder where whoever keeps doing this is based.
its 1AM on the east coast. someone is purposely trying to bring down price when people are not watching? Let's say you sell a huge amount of coins. What would happen, if you sell at A) main trading hours or B) at unregular times, like saturday night? Is it more likely to induce a crash at A or B? 1AM east coast = 3PM Beijing The new wealthy elite of Bitcoin supernodes is Chinese, do not forget that, gentlemen. |
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How are the EMA in this one different from the ones at Moody's? These are different EMAs. 10, 21, 30, 100 Daily candles And BTW, selling pressure building up. Good night gentlemen. |
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I wonder which is used more for illicit activities Cash or Bitcoin?
There probably is more money laundered into the wall street from delaware companies than with BTC total. You guys must be joking. If bitcoin had even 1% of black market or "money laundering" (in any meaning you might take from it) the USD/BTC exchange rate would be a factor 10 to 100 times higher. Do you seriously think silk road is even on the radar of the major importers / dealers? Leave the forum and get outside a bit. Bitcoin will probably be on their radar soon enough. They love cash. And Bitcoin is an order of magnitude superior to its paper counterpart  |
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However, $50 coins may bankrupt you if the market never recovers.
2011 survivors know better. Both during the periods of overvaluation and undervaluation.  I guess 2011 survivors learnt precisely to manage their risks better. You have a couple of examples in this thread, cutting risks, enjoying profits and waiting for cheaper coins to re-invest. |
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People wanting the price to go down so they can buy "cheap coins" are not looking at it correctly. It's all a very relative thing.
$50 coins are exceptionally profitable under the condition wherein the price rebounds, but so are $200 coins if the price skyrockets.
However, $50 coins may bankrupt you if the market never recovers.
You are looking very short term. To win this game you just increase your BTC by all means. And if it go to 0... Well, it was a hell of a ride  |
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That's it for me. I'm done. I just flushed all my dollar bills down the toilet because I found out that murder for hire, prostitution and drugs are purchased with dollars more than any other currency. I won't be a part of the dollar system any more! This insight doesn't matter. The media will make the connection "bitcoin" <-> "cp" just as they made the connection "anarchy" <-> "chaos" for example in peoples heads. Doesn't work by using rational thinking. Well, Bitcoin was not designed to cure stupidity. If everybody starts thinking Botcoin = Pedocoin, so be it. This experiment would have failed because the world had its brain washed and totally gave up its will for freedom and self-respect. I don't think it's the case. That kind of attack may slow down Bitcoin, but it wont stop it. The upcoming generation will naturally understand it, and we all know here how much genius and potential this tool has. |
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Ok now we're at 104. That was really worth it  I guess i will never really understand trading. And that's why i don't do it  1) market is driven by speculation 2) we just had a phase of parabolic growth, followed by a bubble burst 3) new money stops flow in, old money starts flowing out because of 2. 4) a lot of "bears" are still sitting on big profits, see 2 and 3, and decide to realize those profits There's nothing to be "known" apart from the above. Thats what you call a bear market after a bubble, This is how markets work. Bubble is not reinflating right away, market interiorizes that, prices needs to correct and adjust before a sustainable growth trend is resumed. Coin is not hurt, Bitcoin is stronger than ever, there's no need to be in pain. Be grateful that you have the opportunity to buy cheaper coins, if you really understand Bitcoin you will realize you are actually being lucky, as the guys who had the luck to witness Bitcoin potential during the bubble to $32 while increasing their stash during the fall to $1.99. And as I always say, short term bear doesn't change the big picture bull. Even if BTC goes to $30, that's more than double than in Jan this year. Relax. Zoom out. Bitcoin won't let you down. Just be rational, emotions won't let see you clearly. |
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In other news: guys, time to sell. Really.
Winter is coming. Polar bears approaching |
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It worked |
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I'm a little wary of them connecting this to exploited children. That is a classic pretext these days, second only to fear mongering about terrorism.
Well, it's expected. Look at the speakers. They are not policemen. They are not politicians. They are the guys working for those who pull the strings, the core enemies of Bitcoin: the FED and its proxies. Let them try to link Bitcoin with pedophiles. Like USD is not the official currency in the black market. In any case, we are ready and waiting. Bitcoin is fearless. |
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Price spikes drive Google searches, and not the other way around.
Google trends just indicates that the great public (and its money) is less interested in BTC than prior to April, 10th which is the obvious and expected outcome of a bubble burst.
That said, the price chart will not overlap the Google trend chart EVERY time because Bitcoin is not a Ponzi scheme. You don't need a constant influx of new money to have a stable price.
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"one Bitcoin will cost $300k by the end of the year" (Risto Pietila, Bitcoin supernode and King of the World - 2013)
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Don't bump the thread of doom...
A man has the right to dream about cheaper coins, right? Let's see if it works this time  |
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