If I were Bobby Lee, I'd be putting ATMs in every major city in China, just as fast as I could.
Too big investment for a country where few old idiots could just outlaw it on their will next day. |
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Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Cheer up people. Take a look at this chart from the "other TA" thread and realize that we are in such a great position right now. The trendline is almost freakishly identical to the trend from 2010 -2011 to the trend we are on now from 2013 till now. If it stays on the same path we are looking at $10,000 or even more easily on the next rise in price. https://bitcointalk.org/index.php?topic=400235.msg6032075#msg6032075I am not worried just displeased that Pboc is so shadowy with the rulings.. but fiat has it slaves. April 15th will come and go. The price might not move much before then, or up a little perhaps, but when everyone realizes that Bitcoin isn't going to "zero" things will get interesting once again. I don't think it's going to zero, just even if the news was clear, we could have a quicker turn over of weak hands.. Right now it is just to profitable not to short btc on the uncertainty for the day traders atleast It depends. I am surely open to thoughts that it is going lower but based on China news solely, and that's what brought us here mainly from 600$, it's done and dusted really. The only news we can get is final confirmation from Huiobi/BTCCHina but those who wait that are suckers and deserve to get burned. |
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Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Meh, trust in exchanges means f'all. If few whales start a bubble you'll see people in line begging to send their money to exchanges. Good old greed beats any trust problems. Who's going to be the whale? The macroeconomic picture is that the Federal Reserve is tapering the quantitative easing even as real employment (labor force participation) weakens. There's likely to be a mad scramble for cash and whales will have their hands full with their other investments. When the tide goes out, you discover who's been swimming naked. The only whale I know with massive cash on hand is Warren Buffet and he's not coming to save us. Oh Billy, no need in trying to make us forget all your too bullish nonsense from last few weeks with going to all bearish nonsense now, specially with all those big words after the change that happened in you in last few hours. Take it easy mate  There will be line of whales as soon as they decide it's right moment to do it. Just relax, try to not get burned before then and be ready to jump in. If you are actually serious with your talk in last 24 hours, then that time might be sooner than you expect as your behaviour is one of the strongest signs of it. Ultramegahypegiant bull going into "it's almost over" phase in a day, that usually means better times for bitcoin are not far away |
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Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Meh, trust in exchanges means f'all. If few whales start a bubble you'll see people in line begging to send their money to exchanges. Good old greed beats any trust problems. Not really. At least, not in my experience. Even if bitcoin is bubbling, if people don't trust the exchanges, they just won't invest, primarily because they don't seem to understand that you can be independent of credit risk by withdrawing your coins... :\ yeah, that's why we have zillion of people from November here There is enough people on the planet who will feel the need to send money there as soon as their greed indicator goes to green  I don't doubt that a second, it's only a point when circumstances will be such for that to happen or to make it simple - when next bubble will start. |
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Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Meh, trust in exchanges means f'all. If few whales start a bubble you'll see people in line begging to send their money to exchanges. Good old greed beats any trust problems. |
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Guys, considering my luck with sleep time last 2 days, you better buy some BTC cause I'm sleeping in fiat this time |
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I have a feeling we might see XPM vs USD pair on BTC-e soon. As much as it went too low, this is just not time to pump it and it's third pump in 2 days. And it just got rid of 32 BTC ask wall.
Oh boy, that would be wonderful, I have 45k of it.
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The appearance of threads like these means the bottom is in sight...
Getting closer every day  At the bottom the vast majority of traders will be convinced it is going even lower. That's exactly what we think right now  |
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We haven't seen Loaded for a while.
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I think there are only two likely possibilities at this point: price is either going to go a lot lower or it's going to stay low for a long time. I am a permabull no longer. Long term bull, yes, but the time frame is months or years. This could very well be a 2011 scenario.
Sure, whales could turn it around, but retail speculators don't have enough cash left and volume is too low for a rational call of a trend reversal. The double whammy of Gox and China compounded each other. This would be a great time to buy if small investors understood the technology and acted rationally, but I see no evidence that this is the case.
There may be an infinite supply of fiat, but I don't have it. I doubt any of you do either. Price will have to retreat to a point where it becomes attractive to new investors ot stay where it's at long enough to build a new base.
It's happening... |
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I think there are only two likely possibilities at this point: price is either going to go a lot lower or it's going to stay low for a long time. I am a permabull no longer. Long term bull, yes, but the time frame is months or years. This could very well be a 2011 scenario.
Sure, whales could turn it around, but retail speculators don't have enough cash left and volume is too low for a rational call of a trend reversal. The double whammy of Gox and China compounded each other. This would be a great time to buy if small investors understood the technology and acted rationally, but I see no evidence that this is the case.
There may be an infinite supply of fiat, but I don't have it. I doubt any of you do either. Price will have to retreat to a point where it becomes attractive to new investors ot stay where it's at long enough to build a new base.
here we go, despair |
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What's the opposite of champagne?
Urine? |
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It doesnt mean alot alone
I'm sure some people will use it as a signal and sell. Sad, but true. Indeed |
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That is it folks, we are observing the sunset of Bitcoin revolution. I think we could tell our future children about this massive experiment (i dont want to call it scam, because it was surely not planned to be one).
One more lesson for all of us, there are no easy money out of nowhere.You cant just "mine" 100 dollars overnight by doing nothing
See ya |
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Everyone expect china will dump more despite we sow that only 3party deposits are baned (what we should get over already in december)... It can happen that we will actually go up  Edit: This week numbers from Second Market can be very big... (or not) This whole matter remains extremely confusing to me. I thought the December 2013 disclosure of the news was that banks could NOT deal directly with exchanges concerning bitcoin but 3rd parties could. And, this was supposedly effective February 1. However, the later clarifications is to take away the 3rd party options to put fiat into exchanges through 3rd parties ... so that makes it unclear about the chinese options to get fiat into the btc exchanges... The matter still has NOT been clarified exactly b/c BTCChina and Huobi have NOT announced that they are affected. Am I missing something? As far as I read out from coindesk article, deposits and withraws via bank accounts will still be possible... Also Lee wrote that down if I'm correct. Mini rally just starting now. personally don't think you will get $9.99 LTC. at least not today]Mini rally just starting now. personally don't think you will get $9.99 LTC. at least not today Yep and 10.5$ looks strong. I sold at 13.2$ so I have enough to speculate How strong it is means nothing really as it just follows bitcoin. If Bitcoin goes south, no strength will keep litecoin to stay north. |
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Dogecoin still holding over 100, not bad.
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Guys, if you play this right (me too) you're going to make a killing once. No time frames, just once, but you're going to make a killing.
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i am a bit of a fkn pussy when it comes down to it First par of the cure is to recognize the problem Mat, Bitcoin gives so many options to recover it's so pussy to be the pussy trading it Yesterday I went to bed with 482 big long position (after making few nice fast trades) hoping to sell it in 490-510 range. I got my alarm for 500 and first time in weeks haven't got out of the bed to take a piss, and woke up hour after 495 top and start of the dump. Lost 1300$ potential profit and at least that much in taking a loss on a trade when I saw it's dumping time. Few hours later made 800-900$ on BTC-e in 30 minutes. There's just no reason to be mad more than 15 minutes with Bitcoin, the opportunity to recover will come rather sooner than later. |
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Mat, get ready to rrrrrrrrumble |
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