We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
you seem to be forgetting heartbleed. you can't log into to bitstamp. That was quickly patched. More quickly than some old money online banking web sites from what I understand. https://www.ssllabs.com/ssltest/analyze.html?d=bitstamp.netBitstamp log-ins have resumed? |
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We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
you seem to be forgetting heartbleed. you can't log into to bitstamp. So the only way that you can trade on Bitstamp is if you have NOT been logged out.. How long could that last? I do NOT have a Bitstamp account, but I know that on some of my bitcoin accounts, I get automatically logged off, periodically. |
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Jorge's like the villain in a cheap action movie. Bruised, battered and bleeding, Bitcoin keeps coming. He keeps wondering "Why won't you die??"
I came into the theater when the movie had already gone through three plot changes. Maybe that is why I am still confused about who are the heroes and who are the villains.  WOW!!!! Seems like an admission that you may come around... maybe you will buy a bitcoin or two, too? |
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Anyone notice that now $458 is compared to Mt. Everest, by a Bull! My estimate that $400 will hold is back up to 60%.
FWIW mine is 70%. We're NOT going below $425 absent some major negative news... so getting down to $400 is even a bigger stretch of the imagination. Without knowing what the news is going to be, it is difficult to assign probabilities.... If we just hypothesize that there is NO major news for the next few months and we just float in the mid-$400s... then I would say the inclination is up and not down.. In other words, we only gonna go up, absent some major negative news. |
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20% of the people think that we will be below $440 levels within the next to hours? I doubt that...
I answered that poll like 14 hours ago, or maybe my clock is NOT working properly.. It surely seems like 14 hours when I answered that.. I went to sleep.. etc. etc.. Maybe that's why I still feel tired, didn't sleep enough, less than 2 hours of sleep? Fuck!!! |
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Oh and btw, there should be ZERO trading for a few days while heartbleed is sorted out. Anyone logging in to any sites right now is taking a risk if I understand this correctly.
What is heartbleed? EDIT: Nevermind I found it on google. Wow. So heartbleed will make BTC prices more stable b/c no logging in? |
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Y'all chase this rally if you want. Bitcoin's been good to me and I'm not going to be greedy. I'll stay with my low buy orders to provide a safety net in case this some kind of trap.
Bitcoin ate my greed.
Way too early to leave the game or the arena... even though the third string and the waterboy are playing. There's still a chance... just gotta have a plan, no?  |
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Unfortunately, I do NOT have any advice for you, JJG. hehehe!! no? not funny? oh well  this is why I don't do sales. I can't lie very well, I can't tell you the future, I can't tell you that as long as you hold on to those $1,200 coins for at least a year, then you'll be just fine. That's o.k. about the lack of advice b/c these matters can be very complicated - especially when you nor anyone else on the forum knows my exact holdings and my aspirations and my risk tolerance and a variety of other factors that would go into providing some input(s) concerning my investment decisions. I have already had some guys providing advice based on very incomplete information about my situation, and surely, I would NOT necessarily even want to share all the details. Also, I am fairly capable of calculating various risks and then living with my decision(s) at any point of time and realizing the extent to which I may need to reconsider my exit strategy, if needed. As far as the $1200 coins, that does NOT really motivate me b/c I consider my average cost per BTC including transaction fees, which is currently about $640. Surely, my average cost per BTC could have been lower, or i could currently could make it lower by buying more, but overall I am satisfied with having had brought down my average cost to that point. I believe the chances are fairly decent that BTC prices will rise above my average price point within the next couple of years, and on average I get about 6% per year on my other investments. So if in two years, I am able to get 6% per year out of BTC, then I would be very happy with that kind of an outcome.. 12% would mean getting to a price of $720 in the next two years... and I believe that is very likely.... and a higher price would surely be additional icing on the cake. And, even if I do NOT make money, I believe that BTC remains a gamble worth taking, given its apparent innovative aspects. It is really an exciting kind of system that is evolving, and I believe that my investment into BTC allows for a bird's eye perspective. I actually shouldn't even be speaking right now, but I feel a compulsive urge to be involved in this thing somehow, and perhaps this is just my way of acting out, thowing a tantrum and all that.
I've always had the feeling that I would be involved in something great. maybe it's just a dream, a dream that everyone shares?
as far as price action? that is for traders, if you want to be a trader, then you can.
personally I think we are approaching some interesting times and I'm not very excited about some of the possible outcomes.
Sounds as if you have some mysterious secrets and a lot more to tell... he he he.. but you are holding back... Bitcoin can bring us into a lot of different areas including questions about wealth distribution and politics and even quality of life issues... .. and surely, it is nice to have a certain level of passive income that allows a person to be able to live in comfort. Some of that can come through bitcoin and some may need to be safeguarded by diversifying investments... whether we are talking about how to allocate our finances or how to allocate our time. |
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This feels totally diffferent then the last 2 drops to 400. Almost everyone saw those flash crashes coming and that it would quickly rebound within hrs, which it did.
Here we are in the low/mid 400's for over a week and there is no mad rush to buy coins at this insanely 'discounted' price.
Permabulls are hoping for a hail-mary pass, but i just dont see it, i dont think we've grinded this far down for not at least a vicious 400 retest.
Sharks are waiting in the wings patiently. 400 is key, if that breaks watch the fuck out, it could drop like a rock to the 200's. This market is dying to shake out all the gamblers who bought in at 1K.
That's exactly how I see it too, but Bitcoin isn't known for being predictable. True. That's why im split up, 40% trading (all fiat right now) and 60% savings. However, if 400 is breached i probably will be dipping into my savings to sell some more. If $400 is breached, I am certainly buying some more.... yet the exact price point in which I buy and how much would depend upon how fast it drops and whether based on any additional news (or FUD) - Maybe I will buy yours TeeBone? |
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Does anyone else get the feeling like the dread is starting to sink into the last of the permabulls? I know that feeling. Maybe it's projection, buy I can almost hear the hope dying.
Probably gonna need a much worse situation than this... before the dread really begins to kick in... somewhere around 1 year of floating between $400 and $500 or maybe some additional downward movement slowly over the next six months bringing prices to lower $300 would begin to increase some dread levels. I'm thinking the circumstances are NOT quite dire enough yet, especially reviewing some of the history in which the price reduced to 1/16th... wow... we are NOT even close to that, yet. Maybe we are getting closer to the 1/3rd reduction territory... so seems that there is a ways to go before dread really will start to materialize... I would think. I meant permabull active traders with open orders. Guys like me staring staring at the graphs, wanting the arrow to move up like the way some rabid sports fans think that their team still has a prayer when the coach has already substituted third string players and the other fans are starting to leave. That's a good visual.... even though the situation may NOT be as dire as you make it out to be... We could get a break out in either direction... .. and that possibility for either direction is supported somewhat by the fact that we have been lingering in this mid-$450 territory for so long. Maybe the downward momentum was snuffed out to some extent over the last few days, so additional downward momentum can only come if the negative news has a sufficient shock value... Never put it past the Chinese to fail to come out with some illogical, incomprehensible and ambiguous news releases... They will likely come out with something ridiculous.. and the question will be whether that is enough to cause sufficient downward movement to maybe even cut some losses... At this point, i would be surprised if within the next few days, we were to return to prices below $430 for more than 30 minutes (maybe a 35% chance, absent additional negative news). On the upside, i would be surprised if within the next few days, we were to return to prices above $480 for more than 30 minutes (maybe a 40% chance, absent additional news). |
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who would have even guessed that we may be floating in the mid-$450s price territory for so long.
I know this one guy.... No legit target during few years. Fuck it, I go away.
I think that it is a different story if an investor was in a position to cash out part of his stash in December 2013.. or had been analyzing what to do during that period mid-to-late 2013 period. So for example if anyone got into BTC in any kind of heavy way before mid-October 2013, the quick bubble may have likely caused a considerable incentive to cash out part of the appreciation - yet many may have just remained "in for the long term."Surely the January, February and March performance seemed to draw considerations that BTC prices would remain at higher than $450s resting price points. Of course, hindsight is 20/20, but a very large majority of those would have pegged a much higher resting point than our current mid$400s. And, i suppose, I could be just inviting some bears to chime in to say, I told you so regarding this current mid$400s price range.... As I already stated, I doubt that we are going to be hanging around here for too long.. and probably a bit higher would be more in line with current fundamentals or at least the probability of going up seems greater than going down.. despite current low volume.. Also, even though we know that graphs can be constructed to show that $450-ish is a good stable price point, i think that BTC prices are a considerable bargain at the moment and I am sure that quite a bit.. little by little is being snatched up at these price points by the future elite (to coin a phrase from another bitcointalk thread) I think that 450 is a nice price point and I have bought there on the last 2 dips; this one, I am sitting out. the point I'd really like to address is the part I bolded: I don't think there are many savvy traders that have remained "in for the long term" when we've lost 50% in what? 2-3 months? I get the feeling that the next bump will be big, and I think many of those that sold at $1000+ were people that bought much lower, and they remember the ride, and would like to do it again. just don't forget to take profits when the price goes in your favour. :edit: "taking profit" is a term I used for NFL betting, that's where I learned to trade. and when you're up, you better take some profits off the table, or you will lose it all. (you can consider "profit" as either extra fiat for hookers and blow, or skimming extra bitcoin and saving it for a rainy day I agree with you completely about the need to skim profits in accordance with whatever scheme is comfortable for the investor. My skimming will probably be in the form of reallocation of my total investment portfolio.. especially if there are gains in one area, as compared with another).. So for example, if I had been into BTC in early 2013, then ended up realizing an unexpected 10 times gain, that may have likely triggered me to reallocate the gains into other areas.. .or maybe engaging in some consumption, as you mentioned. My perspective remains somewhat skewed by the fact that I began investing in BTC in late November 2013. Accordingly, my BTC portfolio remains in the red, even though I have been buying BTC as the price goes down in order to bring down my average price per BTC - which currently is around $640 - though I started at $1,200. When I got into BTC, I realized that there had been a recent and stupendous bull run, so that caused me to plan out my investment over the next several months... rather than sinking in a lump-sum at that particular moment. Surely, in retrospect, there are probably ways that I could have played trades (or made my buys) in ways that would have caused even a lower average price per BTC. At the time that I first got into BTC, I was also thinking that my BTC investment would likely run for at least 2 years, absent some catastrophic occurrence that may undermine the fundamentals of BTC with part of my motivation to diversify away from the dollar, since the remainder of my investments (which is a much larger proportion) are tied into the performance of the dollar. I am sure that many of us in the bitcoin sphere realize the amazingly high level of printing press matters going on with the dollar and also some of the threats of US government shut downs, and those seemingly irresponsible governmental behaviors have caused me considerable concerns about having so much of my total investment dependent upon the ongoing value of the dollar - especially when I am also planning overseas travel. So,yes, I do NOT have any major problem with floating around in the $450 range for a while - even though it would be a bit more comfortable floating in the black rather than in the red... but I have already banked on the possibility that my total BTC investment could go belly up.. so the worse case scenario would be if it kept going down and sucking out my money.... which I really doubt will occur based on the totality of what is going on with bitcoin and there continue to be lots of interesting value adding developments in the bitcoin sphere. |
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Does anyone else get the feeling like the dread is starting to sink into the last of the permabulls? I know that feeling. Maybe it's projection, buy I can almost hear the hope dying.
Probably gonna need a much worse situation than this... before the dread really begins to kick in... somewhere around 1 year of floating between $400 and $500 or maybe some additional downward movement slowly over the next six months bringing prices to lower $300 would begin to increase some dread levels. I'm thinking the circumstances are NOT quite dire enough yet, especially reviewing some of the history in which the price reduced to 1/16th... wow... we are NOT even close to that, yet. Maybe we are getting closer to the 1/3rd reduction territory... so seems that there is a ways to go before dread really will start to materialize... I would think. |
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who would have even guessed that we may be floating in the mid-$450s price territory for so long.
I know this one guy.... No legit target during few years. Fuck it, I go away.
I think that it is a different story if an investor was in a position to cash out part of his stash in December 2013.. or had been analyzing what to do during that period mid-to-late 2013 period. So for example if anyone got into BTC in any kind of heavy way before mid-October 2013, the quick bubble may have likely caused a considerable incentive to cash out part of the appreciation - yet many may have just remained "in for the long term." Surely the January, February and March performance seemed to draw considerations that BTC prices would remain at higher than $450s resting price points. Of course, hindsight is 20/20, but a very large majority of those would have pegged a much higher resting point than our current mid$400s. And, i suppose, I could be just inviting some bears to chime in to say, I told you so regarding this current mid$400s price range.... As I already stated, I doubt that we are going to be hanging around here for too long.. and probably a bit higher would be more in line with current fundamentals or at least the probability of going up seems greater than going down.. despite current low volume.. Also, even though we know that graphs can be constructed to show that $450-ish is a good stable price point, i think that BTC prices are a considerable bargain at the moment and I am sure that quite a bit.. little by little is being snatched up at these price points by the future elite (to coin a phrase from another bitcointalk thread) |
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China's a bit "wtf now?"  still small volume though and as soon as it tries to break this line you will see massive resistance.  We seem to be just stuck in this $450-ish limbo land (NOT even $444, anymore)... and maybe this kind of boringness CANNOT be rushed with such seeming low volume... who would have even guessed that we may be floating in the mid-$450s price territory for so long. Seems like both Bears and Bulls are getting a little bit anxious about this BTC price point. Personally, I keep thinking let's go down to $430 or $425 or even $420 and get it over with.. and maybe thereafter, at some point soon we can progress back up to higher resting grounds.... I'm NOT giving up on $750 to $850 being a more reasonable price range for a few months before the next bubble... maybe as late as August or September? I seem to be so easily convinced about various bubble scenarios.. maybe it is pie in the sky thinking from me? Initially, I was thinking $1,500 as the next bubble, but for some reason that amount is beginning to seem too conservative, and somewhere between $2500 and $3500 or the next bubble may be more reasonable b/c it seems that once prices break the previous ATH, then there is going to be a magnitude of increase beyond the previous ATH - merely b/c bitcoin remains very much in its early stages of expansion and adoption. At the moment, though, there seems to be some pent up pressures to push these BTC prices down to the $430 or $425 or even $420, but the last several days, the price barely will breach $440.... which may mean that we may be floating here in this $440 to $460 range for a whole week, or at least until 4/15 comes and goes? |
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there isn't much buying or selling
after a shit storm of Bubble poping, GOXING BANNING and extreme FUD
i would love to see the market just trading in a range say 400-500 on low volume for a while... let poeple buy and sell in a calm and orderly fashion, instead of panic panic panic now now now!!!
so ya really hoping low volume stays low, and the FUD cloud dissipates
you are "loving" for the demise of your own thread... hehehe... |
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The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266. Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.
Is this what you're referring to? I saw 1500 BTC walls being flashed around on Bitfinex last night....but not 15K? pics or it didnt happen! edit: 1K BTC got pulled and the 500 wall was eaten  It was over a week ago. I don't have pics. So I guess he could have sold it by now a little at a time. My point is that there are are people with massive holdings who could profit by crashing the price to buy back cheaper. The easiest way to get bitcoin is to already have a bunch and take advantage of a vulnerable market the way George Soros made a billion dollars in one day shorting the British Pound. There are sharks out there waiting for the signal from China to eat us alive. The question isn't up or down. The question is how much lower. If I was an evil billionaire (possibly redundant term), I would buy hundreds of thousands of bitcoin off exchange from miners and flood the market, keeping prices low for months while I bought more coins from miners at the new lower price. People keep pointing out that fiat is infinite and bitcoin isn't. Rich guys can use time as a weapon against us. They can wait us out. I hate to agree with you BJA regarding your underlying facts, but that is very close to the same theory that I had described regarding what is likely to be going on behind the scenes. I do NOT necessarily share your doom and gloom scenario that they are going to be able to keep it up - but it is possible that prices could be depressed for several months... I am NOT so confident on such a continued downward trend as to sell, though. |
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Might not mean much, but look at the forum's currency exchange section. The vast majority are people buying BTC, and those who want to sell manage to find a buyer in a few minutes.
I did NOT know that the forum has a currency exchange section. |
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The Pump and Dump Bot just showed up on BTC-E again.
Looks like we are going down, if it works as intended.
I wanna know.. How far down we gonna go, and is the downward just going to be today..or is it going to last longer than that? I am suspecting by the end of the day.. maybe in the next few hours when the chinese get up, we may get some upward momentum.. and maybe more upward momentum later in the week when we realize that there is no real significant chinese news. |
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Bitcoin burns greed. Greed is the fuel for its engine. All that greed will be consumed and transmuted into a new thing: scarcity.
Bitcoin is commodified scarcity. The world was running low on scarcity, so we had to create some. Previously we faced peak scarcity. Thanks to bitcoin, we now have enough scarcity for everyone.
Bring on the greed. Come at me bro. Bitcoin will use crypto fu and redirect that negative energy into pure positive scarcity.
Quoting for posterity. Read it for the 3rd time and lol'ed with same intensity YEAH.. frequently Aminorex writes with quite high-leveled profundity.. that may be marveled at historically...  |
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I project that we are going to have a quite a few troubling times with bitcoin prices in the coming years; however, if this thread keeps up at approximately its same rate of about 6,000 pages per year (by the way, happy anniversary Adam, in about 9 days), we are going to reach page/price parity in about late 2016 or early 2017 with a page count of 23,456. That will be a blip in bitcoin price history while we are passing to the mid $30,000 territory for the fluctuating new low price... b/c the new price range for the next several months will fluctuate between $35,000 and $50,000.
Sorry to be so bearish, but that seems to be what is likely to happen... and remember, you heard it here, first!!!
This is a ponzi! Those who posted on the first pages are the one who will profit the most! What is your definition of Ponzi? People like to throw around that term as a form of FUD. Are you capable of explaining how your arrive at that kind of a conclusion regarding bitcoin and did you take into account the various investments going into the bitcoin network? or did you merely just recite unsupported conclusions from some media talking head(s)? Are you invested in bitcoin or any other crypto? Do you have other investments? Do you have any recommendations besides suggesting that we should get out of bitcoin? If ur NOT invested in bitcoin and you are NOT considering investing in bitcoin, then why are you hanging out on this forum? In order, to let us all know about this supposed Ponzi? |
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