The fact that such crazy and persistent buying wall haven't move this thing a bit shows in what state the market is. Shocking really. No news at all and we're as powerless as we have ever been in 18 months since I'm in Bitcoin.
That means that you got into bitcoin before the April 2013 Bubble.... THAT's great... I think. |
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For whatever it's worth, I'm buying right now.
That's cool, bro. Word on the street is that nobody has a f---ing clue what is going on. That is different than fear (capitulation). Basically, we've had a non-functioning market all day due to a different type of manipulation. So now once we move people will be more erratic in one direction or another. I am not touching this with a ten foot pole that has giant ten foot condoms on it. This market has herpesgonnhasyphilAIDS right now. Those are my thoughts, for what they are worth. They are NOT worth too much b/c either you are too emotional or you are acting too emotional and talking your book. |
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I mean, just for f---ing up my life for the past week my dollar valuation of a Bitcoin is discounted at least $50. For f---s sakes, have you no decency whaletards.
You are turning out to be a bit of a drama queen, Newbie?  Whether you trade or you buy and hodl, these things should be planned in moderation, no? If not, then lesson learned.. we have to figure out our financial lives in moderation b/c otherwise if we gamble balls to the walls on everything.. we may win a lot and win big; however, if we lose, then we lose big, too. That should be a lesson in life as well as in bitcoin, yet some people get extensive highs from gambling and opportunities to "make it BIG," so to each his/her own in that regard. I am just more of a hedge your bets kind of investor, so that even though you may get worked up a bit, you still try to stick to an overall plan and NEVER get too desperate or irritated if predictions do NOT come true.. just adapt and reengage. no? |
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They're saying bitcoins gonna go bankrupt, sh@ts all f**ked.
"They"? Who are "they"? |
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Of all the exchanges which would be the best or most preferred to trade on? Or do people just have accounts on all of them?
MtGox is good....  That's so 2013. |
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Huge 462.9 hidden bid at Finex. Hundreds of coins bought so far.
Hundreds of coins dumped so far... There will be big dumps along the way if bitcoin goes down to $440 and less, Winklevoss twins and Tim Draper could panic sell. I would think that Draper and Winklevii aren't worried about their next meal or their retirement. No need to panic. They, along with GABI, are actually watching all this with some glee. Doesn't hurt any of them and might actually help. Vuduchyld - Even though you are suggesting that neither Draper nor Winklevii are manipulating, you are also stating that they are profiting from whatever price lowering and/or manipulating that is occurring.... In other words, you are implying support for the conspiracy theory which suggests that they have an insider's incentive to manipulate and to make even more money. |
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Interesting theory from someone on TV trollbox.
Coinbase was short of coins yesterday or today apparently. It might be them buying.
Bingo!!! I doubt it..... the above is FUD spreading. There is no major logical disconnect in the official explanation... Coinbase ran out of coins on Sunday for about 5 or 6 hours. Does NOT mean anything more than that - too many people buying coins, and Coinbase NOT holding and/or anticipating sufficiently the demand for coins... .accordingly, they ran out. I, too, wish that Coinbase would figure out better planning in order that they do NOT run out of coins... but that does NOT mean that they are engaging in fractional reserve banking or otherwise playing with people's coins in the way suggested in either of the above posts... |
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I feel so stupid not having the extra fiat on exchange..eugh If I miss a chance to lower my buy in price again by being lazy... eugh Laziness is the true root of all evil.
I moved money from BTC-e to Finex a couple of days ago. Last night truly made me hate myself in every possible way. YEAH, but you seemed to be having so much FFFFUUUUUNNNN, no?  |
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I'll be honest, I never felt more fear than today. I screwed most of my awesome net worth from March and looking it bleeding even more is frightening. I laughed all crashes before, even when I had nothing almost, but this time is diferrent as those old numbers are making me going through the mare, I was just one little step from dreams and now it looks far away  Hopefully, that means time for reversal If you didn't lose coins I wouldn't worry a lot long term... if you did, this is problem x 2. Hm, yes and no. I took some losses, cashed out some but most are locked in bad alts/fees investment. I had 500 BTC at one point, I have 70 BTC available now, and probably 300+ locked in losing trades. Very losing trades, may I add  So all, in all, I could collect maybe 150 btc max now, and not fast as I could crash some stuff to oblivion if I'd cash out :p. But honestly, there is only one investment that is bothering me. That was like 140 btc and now is at 30 max. I was cool with others going down, and kinda expected it after some time, but this one wasn't suppose to happen and I am angry on myself that I failed to went out on time when it did. I seriously couldn't care about bitcoin price if I had those 140 btc now, I'd be pretty fine with 200+ available btc. Yeah, I might be good in long term, it's the time between I am worried about, lol There's potential profits in a large number of alts... but they seem to be too uncertain in a lot of respects... accordingly, maybe as a rule, keeping more than 80% in BTC is a better practice. Currently, I have nearly 98% of my crypto investment in BTC. Every single Alt has lost waaaay more than BTC... but I have NOT been as active in the alt scene to figure out ways to DCA and/or to cut my loose. |
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If there is any positive... well, it was a negative for me because I was riding a short... it is that the market didn't really respond that harshly to the BTC-e crash. This gives me the sense that approximately 400 is the lowest we can go apart from flash crash ranges. But I do not know this and am tired of losing money on hunches.
Generally NOT profitable to bet against BTC... I mean.. surely we are in a downward trend and largely have been in such downward trend since early December 2013, but still.. BUYDL and HODL!!!!!! |
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btc-e.... what are you doing!?!?
just like when it fell from $1000 look whos right there manipulating the books!!!  $250 bets? hmmmm They are pretty steady calling bull---- on the rest of the market. Anyhow, one of two things will happen... either Bitfinex will flash crash and we'll see new lows OR... we'll stop short around $445 and then get a bounce back. We can't get a true bounce, though, until we confirm a bottom. Right now, the matter is borderline untradeable. I am temporarily taking my ball and going home. I got whipsawed enough over the past couple of days. I'll buy back in when I am not so much out of my depth (and I realize that this is a surefire sign of capitulation which means I should do the opposite... except I thought the same thing several times this week). Good luck. If you are gonna take a break and NOT look at the markets, then HOPEFULLY you are sleeping in BTC, rather than fiat.. ... just saying... |
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Whats up with all the 14 activity posters here telling everyone its over, pack your bags and go home?
uhhh how many times do I need to tell you people. My account was banned by moderators for spreading truth and causing a panic amongst the holdtards. That got me banned, so I was required to set up a new account. I've been through the ups and downs of this market and if there was any justice in this world, I would be "legendary". what was your account name? Obviously I can't say that or I'll be banned again. It should be justifiable to BAN YOU - merely for the fact that you are claiming to have been BANNED previously. |
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WHAT? China's banning bitcoin, again? |
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Keep selling everyone I'm redoing my kitchen.
MAKES NO sense....  |
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Just posted the following on reddit in response to "wtf is causing price to fall?", thought I'd share it here, too: ----------------- Market dynamics: Negative feedbackUsually there is a dampening effect prevalent in the market - when price rises, demand decreases and supply increases
- when price falls, demand increases and supply decreases
It's pretty easy to see: at lower prices there's more people willing to buy, at higher prices there's more people willing to sell. This has dampening effect on price movement: each time the price wants to take a hike in any direction, it's slowed down by this. This is called **negative feedback**, because a result of the process influences the process itself in such a way that **it reduces changes**. However in some situations like now there are stronger effects that resemble **positive feedback**. With positive feedback, the results of the process influence the process itself in such a way that the **magnitude of the change increases**. I can think of a couple of things that might currently be in effect and have a positive feedback on falling price: - Miners: miners are forced to sell part of the mined coins to cover fiat expenses. A falling price causes them to increase the percentage of coins they have to sell => positive feedback
- Margin calls, forced liquidation: falling price can trigger leveraged longs on exchange to be automatically liquidated, which results in more selling => positive feedback
- Market participant psychology: falling price causes frustration, anger, and fear in at least some market participants, which in turn causes them to sell => positive feedback.
So: the system is out of balance. Fortunately, all of the above positive feedback effects are dependant on some resource that is reduced and ultimately depleted in the process: - miners: they cannot sell more than 100%
- liquidations: there's only so many longs
- psychology: the panic-sellers have only a limited amount of coins
So don't worry: the imbalance to the downside is only temporary ;-) ---------------- not sure how naive or accurate, but these are my thoughts on the reasons of the price fall. I think what you wrote is really good and gives some perspective; however, I doubt that you can capture all the reasons for market changes... In any downward trend there seems to also be manipulation and opportunism that cause additional positive feedback effects. |
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Bubble isn't going to happen... probably never, but it's certainly going to be a long time at least. People cutting their loose now, Much better places to stick your cash for the next 6 months while we wait to see where this goes.
I wonder where people are sticking their extra cash in the next 6 months? I was going to continue to put my extra cash into BTC. Is that a bad idea? |
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bought 6 coins at 600, thought it would bounce back up to 620-630 again. dropped to 550 and i thought hell ill just hodl
down to 500 and well if i sell at this point i just fucked myself over on 600 dollars
now its down to 450 and will keep dropping
ill still hodl, till 1 dollar
I have well over 100BTC with an average of $607 per coin... and I am NOT worried about a return to above $607. I am merely worried, at this point, about missing out on opportunities to buy more coins and to bring down my average price per BTC. In that regard, I have been continuing to buy coins, and early this morning I thought that I had bought a coin at $450, and shit.. it looks like the sale did NOT go thru... I must NOT have clicked to confirm.. SHIT!!! Anywhoooo , I probably don't need to worry about missing the train b/c it looks like prices may go down below that again today or tonight.. So I will get another opportunity for $450 and possibly lower than that. Maybe $440 or $430 even... We will have to see and wondering about whether willing sellers are running out of coins at some point, soon? |
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Ah the day ( 2013-4-10) when BTC crashed from $266 to $105 (-60%) in 7 hours. Then snapped back to $203 (+95%) in 2 hours. Then took a slide back to $120 (-40%) in 17 hours, after which the trading in Mt.Gox was halted for 10 hours. When the exchange opened at $130, it soon crashed to $65 (-50%) in 1 hour, after which it recovered to $130 (+100%) in 1 hour. 9 hours later we saw $54 (-60%). In 12 more hours it was already $130 (+150%) yet again. ** What am I teaching? That price does not matter. Number of bitcoins matters, and low prices are to be used for buying them, not selling. Thank you  What's the main purpose for Bitcoin? Mean of monetary transaction? I personally just don't see it happening in a long run. This volatile madness will continue for a while. Some will win, some lose. But in the long run, +10 years, it's a no go. Because it won't fit the sole main purpose. Thank you WHO gives a shit about 10 years from now....? Of course, BTC needs to have some kind of plan for a future in order to be valuable now, but 10 years, get the fuck real!!!!!! There are current developments planning and investing and creating payment mechanisms... that is what is important now... ... Developments will continue along the way.. |
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Always ready to take responsibility for my positions and CUT MY LOOSE when I'm wrong.
I cut my loose once, stung like a bitch. HOW much did you lose? |
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why so serious?
lets crash this fker.
I think I bought enough coins for now.. maybe some more tomorrow....... today is gonna be flat in the $440 to $480 arena.. so it seems, no? Well... If you call that flat... That's fairly flat... but I am just guestimating, anywhooo. |
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