all you bears are going to turn bull as soon as you sell  as soon as you buy? |
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Well, Satoshi's holdings are public (blockchain anybody?) and not a single coin belonging to him has ever moved.
When last did you check? Today? |
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teniendo en cuenta el volumen que maneja BitPay
Bitpay maneja un volúmen ridículo. Su record son $5.2M en transacciones en el mes de Marzo, de las cuales el 90% correspondieron al batch #3 de Avalon. Si "el volumen que maneja Bitpay" fuera suficiente para "desestabilizar" el BTC, iríamos listos. |
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Its not going to be under $100 forever, and if it is, i'll scoop up some more coins.
Its bound to go over $100 someday... right?
Over $10,000 |
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As long as price stays above $100 I am happy..
There is alot of manipulation going on in this small market, the people who panic sold are the ones who will be crying soon enough
So you will be unhappy. Sorry. |
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Always been and always will be. I watched it go down to 1.99 without selling. I am always skeptical, but overall long-term bullish. Fundamentals trump technicals. Can’t win without being willing to risk it all.
I have a single bet, and that bet is that Bitcoin’s forced scarcity combined with decentralization will attract huge money. The move to 32 was not caused by this type of money. Before I see most of its potential reached, I’ll be in, whether I lose the bet or not.
Also, I wanted to stock up on more sub dollar Bitcoins like in April. Too bad it diidn’t happen.
Sorry for the thread necro, but this is just an example of where we come from. I know the friends of the Wall Observer thread will enjoy this topic created by our now fellow-in-bearishness Blitz. There was a time when even the bears where perma-bulls  Respect to you, Blitz  |
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It is becoming unlikely that we'll see $300 this year.
TIME TO PANIC $300 per mBTC  If rpietila lost faith in his ultra bullish (verging on bull-shit) stance, it's as if pope said "ok, there is no god"  He has been in a mental institution, probably just got a reality check and have now readjusted the target. He is still bullish, and a super node, you, on the other hand, is neither, if I had to guess. Suuuupppernode lifestyle here we come and welcome back rpietila! I'm bullish, I just believe that we will hit 30 before rebounding to new highs $30 per mBTC? Rpietila is among us, so we should be sticking to supernode's language. It's a demonstration of respect. |
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OP is very butthurt because he came to game late, bought coins well over $50, and now it's desperate for the price to go up.
Sorry mate, but bubbles need to correct all the way down.
Lucky that you bought just before the rebound to $110, if you were clever you would have sold as soon as we approached that mark ($110). You still have time to sell at a profit.
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Avalon hasn't got a single BTC address - or you do?. I bought Avalon, and I didn't send BTC to that address. If you see the amounts, you will see that those payments are for the chips only. And apart the coins on that address Avalon got at least another big chunk from Batch #2 and Batch #3 sales. |
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During the last weeks, I'm having the strong impression that the new official "market makers" are Chinese. Just take a look to the times of the day in which big moves happen. It's always deep night in the US (the big buys that propped up the price today happened around midnight NYC time). And then, remember how in March everything "big" happened when the US waked up, including the April, 10th chart. Biggest activity was always during USA daytime. This changed completely during the last weeks. I'm in Europe, and usually big moves are happening while I'm waking up. And I'm pretty sure there are not many big european players, because the US was always leading the market, and nothing relevant happened in order to shift the "power" to europeans. On the contrary, just think on the huge amount of coins ASICminer is piling up. Just a friendly reminder, aprox. 15% of the coins rewarded daily (3,600 in total) go to asicminer. Half of that goes to public shareholders. The other half, stays in ASICminers and private shareholders hands. Then, you have the huge revenue stream coming for overpriced hardware sales. They really got a big piece of the pie ATM, and I'm quite sure that piece of the pie was taken from US hands. What about Avalon? They should be controlling +100k BTC at the moment. So - what do you think? We can officially say that we have to wait till "China wakes up" from now on? PS: Coinseeker, I know that hurts... But it is what it is So why Beijing and not Tokyo? It's just an hour difference and you can safely assume there are lots of people holding coins in Japan , or at least one ))) But , If they target this hour specificaly , how can you rule out their are US traders? For a few thousands or more dollars most people will stay awake or wake up in the middle of the night! Well, Satoshi's holdings are public (blockchain anybody?) and not a single coin belonging to him has ever moved. Plus, Satoshi is not Japanese, he is very probably an individual or a group of people living in Ireland/Europe. If you want to know the "reasons why" of what I'm saying above just use research this forums using the search function. Then, of course it could be US traders staying awake till 3AM, but it seems unlikely considering that lately all the volume is happening at those times (deep night in the US), while till April (even May) big moves happened always during US daytime, and in fact you could see big spikes on volumes as soon as it was aprox. 9AM in NYC, lasting till aprox 7PM NYC time, when everything calmed down. Add to this speculation the irrefutable fact that in the last months the two biggest new Bitcoin-superpowers are Chinese (Avalon and ASICminer) |
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To me, it seems that Bitcoin is resting on the 6mo-exp trendline with low volume, and $.12 is the new $0.005.
There is not much to do then hold (= buy bitcoins with everything that you can spare).
It is becoming unlikely that we'll see $300 this year.
I am fine, thank you.
Welcome back! So, not even $300 by this year? So we can rule out $300,000 per BTC for sure, right? What a pity... |
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During the last weeks, I'm having the strong impression that the new official "market makers" are Chinese. Just take a look to the times of the day in which big moves happen. It's always deep night in the US (the big buys that propped up the price today happened around midnight NYC time). And then, remember how in March everything "big" happened when the US waked up, including the April, 10th chart. Biggest activity was always during USA daytime. This changed completely during the last weeks. I'm in Europe, and usually big moves are happening while I'm waking up. And I'm pretty sure there are not many big european players, because the US was always leading the market, and nothing relevant happened in order to shift the "power" to europeans. On the contrary, just think on the huge amount of coins ASICminer is piling up. Just a friendly reminder, aprox. 15% of the coins rewarded daily (3,600 in total) go to asicminer. Half of that goes to public shareholders. The other half, stays in ASICminers and private shareholders hands. Then, you have the huge revenue stream coming for overpriced hardware sales. They really got a big piece of the pie ATM, and I'm quite sure that piece of the pie was taken from US hands. What about Avalon? They should be controlling +100k BTC at the moment. So - what do you think? We can officially say that we have to wait till "China wakes up" from now on? PS: Coinseeker, I know that hurts... But it is what it is |
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So I'm guessing they're starting batch 3 shipping by end of next week?
Yeah, sure... |
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Los casi 69.000 BTC que AVALON han sacado de la venta de sus chips están aquí cogiendo polvo: http://blockchain.info/fb/1fgaftz no han vendido ni uno. No sé a qué se debe la caída de la cotización pero no parece ser cosa de ellos. Pero Avalon tiene más bitcoins aparte de los que ha coleccionado por los chips. Avalon o no, lo cierto es que también tengo la impresión de que las últimas grandes ventas que hemos visto durante los últimos dos domingos vienen de China. La del domingo 2 empezó sobre las 10AM hora de europa central, y la de este domingo sobre las 8AM GMT+1. Eso en mi opinión descarta un player americano, ya que dudo que alguien se ponga a vender +25k BTC a las 3 de la madrugada (aunque nunca se sabe lo que pueden provocar unas copas de más, con eso de que MtGox abre 24/7 )... Esos horarios no descartarían un player Europeo, pero debido a 1) la hora y 2) que los chinos ahora mismo controlan infinitamente más BTC que los europeos (Avalon, ASICminer, etc.), apostaría 1BTC a que esas ventas "domingueras" provienen del continente asiático |
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Mini-wall at $101 growing, is aprox. $270k ATM.
It's slowing the downturn as expected, let's see how much it resists. It's kinda small for the "bright times" standards, when we had +$1M walls, but it's still significant with such low volumes.
EDIT: mini-wall just went down to $160k... Fake or not, I guess some buyers realize that there is no point in buying at $101 when you will be able to buy at $90ish (or even lower) soon enough.
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Cierto, era un acto de fe, de hecho tardaron mucho tiempo en vender las 300 unidades del primer batch, jugarse un duro por ellos era como jugárselo a un sólo número de la ruleta. Un "a ver si este año toca el gordo", y cada boleto costaba $1200. En serio, ponte en la situación. Verás que era un boleto de la lotería muy caro en ese momento... Y es que, aparte de no dar Avalon ninguna garantía y generar muchas dudas (muchos pensaban que no sacarían un ASIC, y menos antes que BFL), el bitcoin estaba a 10€. Pero claro... El mundo es de los audaces. Y el que no arriesga, no gana El problema es que arriesgar no garantiza ganar. En este mundo hay muchas variables que condicionan el éxito de una inversión. Pues eso. Con los Avalon 1 y 2, que tan baratos parecen, no había garantía ninguna. Ninguna variable positiva que tener en cuenta. Lo cierto es que era infinitísimamente mas arriesgado comprar un batch 1 a $1200 que un batch 3 a 5000€ (que es lo que eran 75 BTC en ese momento). Pero claro, el beneficio de un Avalon 1 será también infinitísimamente mayor que el de un batch 3. De hecho sí había variables positivas que tener en cuenta, me refiero a tener como desarrollador a ngzhang (Icarus y Lancelot). Bueno, digamos que había una variable positiva mínima - y es que Zhang había desarrollado dos FPGAs. Pero igualmente, quién es Zhang aparte de un nick en un foro? También BFL había comercializado FPGAs, y en comparación con Avalon al menos ofrecían el respaldo de una empresa conocida, una política de devoluciones en caso de cancelar la orden, etc... Si Avalon iba mal y desaparecía, te quedabas con el culo al aire. Si BFL quiebra, al menos irá a concurso de acreedores, y si has invertido dinero tienes ciertas herramientas legales para intentar recuperar algo. En resumen, en su momento BFL parecía una apuesta mucho más segura que Avalon. Y esta es una "opinión" compartida por el mercado, sólo hay que ver la cantidad de pedidos que BFL ya acumulaba en Octubre (ya iban por unos 15.000 si no me equivoco), en comparación con Avalon que tardó semanas en agotar tan sólo 300 unidades. Por supuesto que arriesgar no garantiza el éxito. Pero sin arriesgarse, difícilmente se podrá ganar. Mira los precios de ASICminer, ya que el riesgo es mínimo y la entrega es immediata venden las unidades a un precio que no permite siquiera recuperar la inversión. Y lo cierto es que es perfectamente normal, ni existe ni jamás va a existir una empresa que venda máquinas de imprimir dinero a un precio que te garantice no sólo recuperar la inversión sino además ganarle dinero. Desde el punto de vista del negocio, es muy sencillo: o arriesgas tu dinero para desarrollar la tecnología por tu cuenta y riesgo, y luego le sacas el máximo partido posible (minando tú y/o vendiendo las máquinas a una cantidad superior de la que puedas generar minando tú mismo), o transfieres todos los riesgos a tus clientes, utilizando su dinero, esperando ganar menos dinero (y por ende, más tus clientes) pero sin arriesgar tú un céntimo. Regalar nadie regala nada, y eso no va a cambiar |
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Price plummeting as expected. The big buyers who propped the price up from $99 to $110 where kinda reckless - there's absolutely no buying pressure to support their move. Now we have a mini-wall of aprox. $240k at $101. Lately we hadn't had much "fake walls" being pulled, both bid and asks have been pretty "honest" and they have been filled. Therefore, that mini-wall at $101 could slow the downtrend a bit. Anyhow, I really don't see the point of buying at $101, as there is absolutely no support around $100, apart from that mini-wall at $101. Next real support point at $90, and next crucial support at $80ish -> if that point is broken, $50 coins will be around the corner.  |
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wow, ok i was totally wrong expecting dumps during the night...
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
This time we had significant buying volume on the way up, which is something we haven't seen for weeks. That's a good sign for the bulls theoretically speaking, but that volume vanished as soon as we touched $110. The problem here is that without buying pressure price cannot go up. Sure, the sellers sit tight and hold, so price slowly creeps up (with low volume) or stays stable… But as soon as someone needs to cash out +10k BTC there we go, down the cliff. No buyers to stop the free fall, which stops only when the dumper runs out of ammo. After selling a lot between $90 and $118ish, I bought back a little coins at $101ish, sold them again at $108.5 earlier today. I expect the price to go lower than $90 soon enough. |
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I would only recommend Bitcoin to family if they wanted to come in a make a quick buck. Otherwise, I'd recommend something with a better shot at long term viability and worldwide adoption, like Ripple.
LOL |
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