The most stupid theory I've ever heard.
Like I've said previously, the dead cat will now bounce to 370-380, before crashing to sub 250. All of this will happen in less than a fortnight.
So a dead cat bounce of 37%? So let me get this straight: your narrative is of bitcoin inexplicably crashing to single digits - allowing you to buy hundreds of course - before soaring back into the stratosphere and enriching you beyond your wildest dreams? Exo, I am afraid your own theory sounds a little farfetched. |
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Regardless of what I believe, telling "total bullshit because that creates new money" is wrong, if you care about that sort of thing.
Sustaining Bitcoin's price by lying to investors is fraud, no matter how you couch that.
Fraud? It's not fraud to tell someone you believe the value of Bitcoin is going to double or triple or whatever unless you attach a timeframe and profit from it personally. Being generally positive is just believing in Bitcoin. But that's not what we're talking about. We're talking about this: I like the continuous to the moon talk even if it is total bullshit because that creates new money.
That's right. It's advertizing. You mean you people don't realize you are running a continuous Bitcoin advertisement? You know negative ads sell just like positive ones. That just sells the opposite outcome. People love Andreas because he sells a constant positive image of Bitcoin. People here are just as likely to sell a negative one. They may be telling what they honestly believe about the short term but it still can be a self fulling prophesy.They aren't being honest. And that is the general idea. |
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I think you under estimate the big money waiting to buy when people are loving the pure panic and fid that brought us here. Trends gotta play out but also have to end.
These plateau-like intervals, in my opinion, is the big money. I think they're the only reason the decline as been so tame. They're buying at certain price points and averaging on the way down. Likely buying up to some allocated amount, and then stopping. Which causes sideways movement and eventual sliding/dumping. I don't expect them (or want them) to sustain any one price. They'd lose money doing that, anyway. They've been losing a shit ton of money as it is. I think the trend change is going to catch you out.. |
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Its pretty obvious that Pirimida has lost a fortune at current prices. Ruined, and hes trying to hide it from his family.
He and others were advocating noobs to buy when we were up over $1'000 USD last year, so lots of people underwater here, it make them very irritable at non-believers so they call "troll". In their deepest hart they still believe, only hold more and problem will be fixed  Not why newbie trolls who clearly don't have a pot to piss in (hence messing around with leverage) are arguing that pirimida is ruined and hating on him because he is a bull. You are all bulls too, but just don't want to admit it. He was posting on this forum when btc was sub 5 dollars. Even today when we are 70% down from ATH and trading at just 330 dollars he is so massively up that you little minnows can never hope to catch up. You know it of course and it hurts! Edit: Leverage is fun but not recommended unless you want to turn a large amount of money into a small one. Hint to the superstar traders on here: noone thinks they will lose their trading account (you can beat the market right?), but in the end 90% do. |
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When Adam speaks, we should listen.  He has been around so long he is like methuselah. |
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325 was my "on the fence" price.
I jumped into bitcoin in March this year and it was kissing 400 something when I bought first. I think it was 490 or around there when I bought my first one. I bought a bit more over the next couple months and sold off when it was in the 600s and started dropping...cashed out, bought a sweet laptop and had pocket change left over. I set 300 as the buy back in price when I saw the overall downward trend. I didn't buy down though.
By the time this weekend's Wall happened I decided to make up the difference to one single coin off what I had left after cashing out. Right now it stands at a whopping 1btc and change. I am still a long term sort at heart overall so want some to hold, and other to spend, and other to play with...but truth be told, I'm somewhat still feeling it's going to drop into the 200s and there will be a big panic sell off, which would be when I actually jump back in with a substantial amount and buy as far down as it goes.
I just don't feel comfortable yet saying bitcoin has seen the bottom. It all has this sense of waiting on the other shoe to drop and then the way will become clear. It's just not now because it's sticking at 330s. If it was going up, it'd be into 400s by now without question. It doesn't have enough juice to get there but so far nobody's freaking out and selling off...
I see the bigger picture. I see bitcoin being a true game changer. I see industries overhauling their financial services platforms to incorporate bitcoin or even paying employees with it. I see corporations accommodating it. Bitcoin isn't going anywhere but up barring a mega crisis, but one that happens will impact more than just bitcoin. I fully believe and anticipate bitcoins long term value to be orders of magnitude higher than 300 bucks a pop or even 600. I think it's going UP and we'll play the daily swings and fluctuations, crashes and rallies until that happens.
I'm in for the duration.
I'm definitely buying back in if it hits below 300s into 200s or down...and will go ahead and jump in at 425 because, IMO, if it gets to that, it's on its way up.
You are just like most... Buying at 300 or lower. You guys are just doing this to lower your cost average since you're in too deep! Point is this is what EVERYONE else is doing... How do you expect to make money in a market when you're just another sheep following the herd? Good luck to you all Try reading what he posted next time. And just for the record, buying in a bear market is going against the herd. you don't really expect that dude to make sense do you inca? were sheep following the herd cuz we buy when everyones panic selling lol thats rich. He is just trolling because he is leveraged short and wants the market to go down. We are on opposing sides  Sorry serenities. I haven't met or knowingly discussed bitcoin with a single lady online until know. My bad. |
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Hahahaha, like I said your just another internet idiot. If you didnt sell at the top, the ATH means nothing. It wont be back there without massive gox like fraud and manipulation.
I suppose selling an asset 70% off its all-time-high means you have to rationalise any future positive price action as fraud or manipulation. Ironic since it is fairly clear that the price is where it is now exactly due to overt manipulation. Meanwhile VC funding continues to pour into bitcoin unabated and there is enough latent demand in the market to swallow 30,000 coins in 24 hours at this price level. |
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I come back to these forums every few months just to look.
Always the same angry losers that lost money due to their own incompetence and impatience.
..and the same paid troll outsourcers in Pakistan and India spamming their nonsense.
I'm sorry, MatTheCat and others like him. But if you buy into ANYTHING anticipating a 1000% return and didn't consider that you could potentially lose 50% or more over the short term, I don't know what to tell you. You have no business investing at all. You might as well be in a casino. Casinos exist for people like you.
Apparently I'm a "bulltard", "cultist" and "bagholder". I'll keep doing what I do, which is to acquire as many BTC as possible through arbitrage and Bitcoin related businesses.
You guys keep doing what you do: Being angry and bitter because you didn't get rich overnight with your 1 BTC investment.
I'll be back in a few months. Enjoy the ride, everyone.
Funny post, and subject title. Cultists were bagging on me in August for "selling so low" for an OTC trade I made back in August (600+). Still bullish long term, but BTC is going to take bumps and bruises for a bit. Everyone still knows this technology rocks... But don't say bullish longterm because that implies one day we might pass this same price level again. At the current time this thing is falling back to reality! Way before mt gox & their fabulous willy bot came on the scene!! I suppose the last year of infrastructure development passed you by. Oh and you are short. |
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LMFAO!!! We all need to ride this one out man... I see massive shorts opening up at every pop & right now all pop's are just created by short covering. Seems like all the real buyers are still waiting this one out to see where it's actually going! These little dead cat bounces don't fool us, this coin continues to make lower highs all the way down  What is with you lot talking in the third person about yourselves? So I looked at bitcoinwisdom to see this developing negative momentum and bitfinex is currently at 328.83, stamp at 329. Incredible! |
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325 was my "on the fence" price.
I jumped into bitcoin in March this year and it was kissing 400 something when I bought first. I think it was 490 or around there when I bought my first one. I bought a bit more over the next couple months and sold off when it was in the 600s and started dropping...cashed out, bought a sweet laptop and had pocket change left over. I set 300 as the buy back in price when I saw the overall downward trend. I didn't buy down though.
By the time this weekend's Wall happened I decided to make up the difference to one single coin off what I had left after cashing out. Right now it stands at a whopping 1btc and change. I am still a long term sort at heart overall so want some to hold, and other to spend, and other to play with...but truth be told, I'm somewhat still feeling it's going to drop into the 200s and there will be a big panic sell off, which would be when I actually jump back in with a substantial amount and buy as far down as it goes.
I just don't feel comfortable yet saying bitcoin has seen the bottom. It all has this sense of waiting on the other shoe to drop and then the way will become clear. It's just not now because it's sticking at 330s. If it was going up, it'd be into 400s by now without question. It doesn't have enough juice to get there but so far nobody's freaking out and selling off...
I see the bigger picture. I see bitcoin being a true game changer. I see industries overhauling their financial services platforms to incorporate bitcoin or even paying employees with it. I see corporations accommodating it. Bitcoin isn't going anywhere but up barring a mega crisis, but one that happens will impact more than just bitcoin. I fully believe and anticipate bitcoins long term value to be orders of magnitude higher than 300 bucks a pop or even 600. I think it's going UP and we'll play the daily swings and fluctuations, crashes and rallies until that happens.
I'm in for the duration.
I'm definitely buying back in if it hits below 300s into 200s or down...and will go ahead and jump in at 425 because, IMO, if it gets to that, it's on its way up.
You are just like most... Buying at 300 or lower. You guys are just doing this to lower your cost average since you're in too deep! Point is this is what EVERYONE else is doing... How do you expect to make money in a market when you're just another sheep following the herd? Good luck to you all Try reading what he posted next time. And just for the record, buying in a bear market is going against the herd. |
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People, price is about to go moon.
I sold some at 298 and placed a buy order at 184.
Usually this means price will go up immediately.
People, I would like you to thank me. Thanks to me the price stopped getting lower. Right after the moment I sold the price went up. I do accept donations. Look at my profile page, the address it there. I could need a few satoshis to fix my loose How does ones sidebar status have the next bubble to begin between Sept 25th nd Oct 25th and lose faith to sell sub 300. I hope it was still at a profit. I'm a permabull experimenting with 2% of my stash. I noticed that I'm a terrible trader because now it's worth 1% of my stash  Luckily I'm too afraid to trade more and I'm a bag holder since $27 (2013). Usually I add to my position and buy the dips. I never bought higher than 550. I'm waiting for some moment in the future when I can pay off my house with 5 bitcoin. Edit: the sidebar information is based on some analytics where no emotion is involved. It is also an experiment. Once bitcoin moves back up and things get really bullish on the forum again I think I will run off a few 'bitcoin bagholder' t-shirts. |
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Look at the charts... Huge chunks are being shorted every penny above 330. Before it was anything above 340, now its 330, tomorrow's high will be 320, seems like a nice slow bleed down to me. Someone out there is making a massive short order! Remember it has to be covered at some point!!! But when?!  Yawn. |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems. blocked... and full node!!! I will assume that you don't know what you are talking about. No, I just couldn't be arsed typing 'Satoshi client'. As you say, not a full node with 8332 blocked so no benefit to the network but 8 connections and no issues whatsoever. Blocked at ISP level for about a year before I got around to asking them to unblock it. you know what blocked means right ? when I say blocked, it means like when the 8332 is blocked by your computer's firewall and you need to add it to the trusted list in order to allow bitcoin daemon to connect. Isn't this just a fud discussion? Why is it being discussed on the price tracking thread? |
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Why can't bitcoin just go to 1 trillion dollars already. Gosh
Because all you fools are willing to let your coins go for much cheaper! & the powers at hand that have even more bitcoin than you are already making profit even cashing out at 300/coin... Don't even get me started on miners now too!!! And VC's just funded blockchain.info with 30 million dollars today. Hardly the actions of a dying industry. I am still of the opinion that this is a fantastic bit of price and sentiment manipulation before the next bubble. This time it will be global. |
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The USA is bankrupt. They are printing their fiat into the sewer. They have just about run out of boots to keep kicking the debt forward to future generations. If the USD collapsed the FDIC would cease to exist.
For a bankrupt country, we're doing pretty well. Which irrelevant backwater do you hail from?  this guy is good. I hope you commend a high salary for such professional trolling He suffers from selective hearing. Nah. He doesn't suffer fools gladly is all. Everything in your post has been addressed previously, but I'll give you a TL;DR: Since the dollar is a fiction, an unbacked abstraction created by teh evol banksters, what difference does it make how many zeros they need to add to that fiction? It is no harder to create a billion dollars than it is to create one Fools eh? Speaking in the third person again? It makes no difference at all how many zero's they add to fiat currency. But the key is to inflate currency slowly enough that noone notices. After all the economy must grow perpetually to enrich us all! You are finally going on ignore. |
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The people on here that don't believe anyone would want to use Bitcoin as their main source of currency have never lived in the third world where currencies devalue 20% or more a year, every year. This is where my faith in BTC comes from. There is major potential in these markets.
I'm beginning to wonder if you're a troll whose strategy is to mock the bulls? Have you lived in a third world country? I spent months in the horn of africa, and very few of those people have any appreciable savings, aside from their home and livestock (if they're fortunate). you think they're going to put it into a currency that loses 70% a year like bitcoin in 2014? Are you for real?Have you heard of mpesa? Ok, now that I'm done with that other dummy, it's time to circle back to this one. M-Pesa is issued by a central agency and pegged to the national currency on a 1:1 basis. Biiiiig difference. Kenyans can count on their money retaining its value. Bitcoin users can't, and if a poor soul living in Kenya had bought bitcoins this year rather than M-Pesa, he and his family may have starved to death! Yes, if someone hypothetically in Kenya had bought bitcoin at the top of the last bubble they would have lost money. It is volatile. Noone is suggesting it will immediately take over the role of fiat currency for working capital of the ultra poor. But it is likely to become a modern digital gold in the coming years, both trading as a commodity on the markets, accessible by ETF, but also useful as a transactional global currency by the poorest in africa. Try and see the bigger picture if you dare. |
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The USA is bankrupt. They are printing their fiat into the sewer. They have just about run out of boots to keep kicking the debt forward to future generations. If the USD collapsed the FDIC would cease to exist.
For a bankrupt country, we're doing pretty well. Which irrelevant backwater do you hail from? this guy is good. I hope you commend a high salary for such professional trolling He suffers from selective hearing. |
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http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason. "Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives. That’s what I’d do if I had 30,000 BTC right now and I bet you would too." The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day. He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300. Perfectly reasonable explanation. He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens. I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price. Yet you have to ask yourself where all this buying pressure came from that devoured 30k BTC @300. Hint: It involves cheap coins.Hate to be in his shoes now. Imagine how miserable he is feeling now, and will continue feel when he sees he could have got double the money or more. On the contrary he now has millions of dollars on stamp and he also still hold thousands of coins. He can buy this market back up to 1000 if he wants and then slowly sell out. |
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You lunatics think fiat is printed at will anyhow, so they'll just add a few zeros to the plates and keep the presses running longer, amirite?
Is it not? I believe it is printed based on the ideas of Keynesian economics blended with a heaping dose of greed and just a pinch of rational thought and consideration for the future. But if you want to get into a semantics game about what "at will" means and how it applies to the Federal Reserve and U.S. Treasury, I will resist the alluring waste of time. Its printed because it has to be, because its the only way to keep things going. I think there is less malice behind QE than people might think. I believe that they are printing money because they have very little choice in the matter. I don't think *anyone* wants the dollar to fail, I'm just not sure that it can really be avoided. Running the presses has to happen so that the actual money supply can keep up with the electronic money that has been 'created' through interest payments, thats about as simple as it gets. Everything else is just complexity that masks that fundamental property of a system based on debt. True. I like to think of it in these simple terms. 2008 was the end of the recent credit bubble supercycle, the previous one ended with the great depression in the 1930's. The consumer cannot borrow any more money to support more lending and bidding up of asset prices. To prevent a deflationary spiral with collapse of global total credit the central banks were forced to make a choice. They chose to maintain asset prices by slashing interest rates to near zero, taking all the private banks bad assets (mortgage backed securities) on their balance sheets in exchange for cash to bail out virtually every major trading house in the western world, and printing money and buying government deficits (maintaining ultra low rates and allowing governments to dramatically increase state expenditure during the great depression mark two). Now I think this was actually a genius move. The money that the UK gov or US treasury owes the central banks, that extra 50% on the national debt will never be repaid, the bond payments are passed straight back to the government. Last time I checked the BOE owned over 30% of british bonds (gilts) LOL. True banana economics. Meanwhile negative real interest rates for 10 or 20 years will gradually weaken the currency (compounded) and allow the truly epic size of the credit mountain to slowly deflate relative to real world goods, effectively a soft devaluation of Western currencies. This graph shows what the central banks need to keep from collapsing, and they are doing it by spewing money through government deficits into the real economy until credit can grow again.  All the while money velocity is falling.  So lambchop the answer is yes. Not hyperinflation certainly, but negative real interest rates are going precisely nowhere for a very long time. I wouldn't give a shit but in the UK this policy has forged an unbreakable intergeneration wealth gap which never existed before. Edit: couldn't get the fed or best graph links to work..this one isnt great but does demonstrate the run up in credit to 2008. |
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There are always casualties during a trend change! |
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