Haha. You were around in 2011.

1) Why are you not rich?

2) Why should anyone listen to the trading advice of someone who failed to capitalise on one of the greatest bull run accumulations in history?

3) If you are actually any good at trading (the previous two questions allude that you aren't) you would be throwing more than just over a thousand dollars around. 4 btc's? You have to be kidding. Bitcoin makes up 10% of my portfolio, if it goes to zero i will shrug. But even I make you look like a tiny goldfish. Amazing really.

Yeah.

Yeah lawyers often give away confidential information to random reddit cold callers about a multi million dollar net worth client. Jesus you are a moron wobber.

All that forum noise for a measly 4 btc's? You have been around since 2011 and should be a rich early adopter. Instead you are advising others how to trade when you are playing with peanuts. I've bought more than that today lol.

At some point the person(s) who unloaded tens of thousands of coins to get us down to this price is/are going to start buying again. Then the greater than 11,000 open short contracts will be closed adding another 11,000 coin purchases in a short space of time. Epic will be too small a word, eventually..

Oh dear you are back.

Yes of course. And add more. Duh.

Very dramatic yokosan! New users don't buy in at the depths of a bear market. It is the large speculators and traders who buy down here. The rapidly rising price of a bull run with media attention that brings users in droves using easy on ramps like Circle or possibly an ETF from their 401k's.

So I would say that you are right and bitcoin as a global currency and digital payment system is in trouble if the market cap decreases significantly and if large speculators decide not to step in this time and heavily buy the bottom. I think they will.

Not yet. But short interest is rising considerably. Soon it will become profitable to turn the trend on it's head. I was hoping it would come sooner but I expect a burst of selling causing a flash crash then an incredibly high volume reversal followed by sustained buying. This may be followed by a big bear trap and then further heavy buying until the shorts are burned. And before you ask where the cash is going to come from, it is from the people who have sold literally tens of thousands of coins in recent months to drive the price this low.

Calm yourself podyx.

What is more likely, that this is a technical bear market following a 100x bull run being gamed by big players who are building large positions for the impending rise into the mainstream that half a billion dollars of VC funding, impending US regulation and an ETF about to be approved will bring. Or that in a sea of increasing adoption, rapidly growing infrastructure globally, growing merchant adoption, rising transactions and volumes bitcoin is suddenly dying and every single person on bitcointalk other than trolls, newbies who dont know better and technical bearish traders failed to get the memo.

The trolls are just sockpuppet accounts for traders who are short trying to exaggerate downward momentum by manipulating emotions and encouraging selling. A few posters state that influencing sentiment on this forum has no effect upon the price. I would say that manipulating the price and also manipulating sentiment on this forum in a coordinated fashion will exaggerate price movements. If there are only 300,000 to 1 million users with double digit holdings of bitcoin and only 50,000 btc on the exchanges setting the price then convincing a few hundred people with weak hands to sell could make quite a difference to the orderbooks. This is the most viewed and visited bitcoin forum on the internet I believe.

If you are getting emotional either partially or completely sell at a loss to reduce your anxiety, turn off the computer for three months or view this as a buying opportunity and purchase a greater % of the bitcoin network when you feel the price is bottoming.

The reason the quote about buying when blood is in the streets is true, is that human emotion at price extremes like this (and it may get more extreme) makes a normal person want to sell and run, also known as the fight or flight emotional response, when if they thought rationally they should be heavily accumulating. It is that irrational feeling that the price could literally fall to zero you must control. It is no surprise that the trolls are loudly calling for double digit bitcoins and the price falling to $1.

An interesting metric posted in the last few days is the top 100 bitcoin addresses and their balances. These real superwhales are not selling or reducing their coins, they are increasing them on this price weakness. Also bitcoin days destroyed have not spiked suggesting long term early adopter holdings are not being moved to exchanges or moved.

Few bitcoin bulls or holders would have predicted the severity of this bear market but what the features and potential of bitcoin that made it attractive at 400 - 1166 have not changed.

COI: Bitcoin long term holder.

Your account is one day old. Please direct me to a prediction you have made that has come true. Or just feck off.

I think what you said is a fair summary of the content of all your posts.

Bit late in the bear market for me to duck out. I think i'll just stick it out and actually buy more. Most people who were thinking about selling probably already have. Barring a black swan the gains by selling and buying back in are probably not worth the hassle for me to decrypt my coins from coin storage.

How do you keep track of all the different accounts?

Chart?

No. The amount of coins determining the price on the exchanges is tiny. Technicals guide the price, sentiment follows.

So are the odds of us reversing back up.

Selling and seeing if we follow the trend lower is a bit risky but may be ok. Shorting here hoping for larger falls is madness.

I have no idea where the selling ends. I do know that the newsflow and infrastructure etc throughout the year after gox has been overwhelmingly positive and it is difficult to relate the exchange price to progress in the bitcoin economy in general this year. A bear market after a 100x superbubble isn't a surprise. If we break below 266 I will be surprised and a bit disappointed.

My personal view is that the bear market is being exaggerated by some big players who want to get in as cheaply as possible. If that is the case then there is a limit to how low they will suppress the market if they hope to find new bitcoiners to buy the market back up next year without damaging future user adoption significantly. A crash into the low 2xx or 1xx would signal the end of bitcoin as a rising global internet payments currency and payment network. It requires a substantial market cap to make it worthwhile for companies like Dell, overstock, newegg, paypal from using it for customers. I believe silicon valley has become involved due to the global potential of bitcoin going forward. Why else would a 100 billion dollar company like dell implement a payment system that only between 300,000 and 2 million people use globally, especially one with associations to the dark web and cyber crime? The amount of money dell will gain through implementing bitcoin this year is beyond trivial.

I also don't believe that increased merchant adoption is driving the price declines. Miners may add a small amount of sell pressure but it is speculators who are exaggerating the moves. Panic selling? The overwhelming majority of people who were weak hands are out already. We are over 70% down from the ATH. Anyone left is a true believer.

The price could trickle lower, sure. But the market will turn, shorts will burn, trolls will evaporate and a wall of worry bull market will arise. The on ramps have been simpletonified for future users (circle) and bitcoin will be sold as a digital commodity to stock investors via the ETF. I cannot imagine wall street missing out on the immense bubble opportunities bitcoin represents going forward.

COI: purely my opinion!

What manipulation other than price manipulation?

We arent even at the lowest price of the year yet. Why would anyone in their right mind trust someone on an internet forum, especially an odious little troll like you?