TOOO symmetric..... .cannot be real.... so a fake shitting your pants |
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Who knows what the price was before China's involvement? If you do then you know the low for now.
The price will be higher than the price before china's involvement... for a few reasons including at least these two... 1) other infrastructure has developed and 2) china will find a way to stay involved even if there were some restrictions on them |
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440 down this is the end  The end of what? It's just the beginning of cheap coins. Yippee What is the china news exactly that is supposedly causing this current downtrend? |
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 Just couldn't resist. Soo cute.  Is that a cute bear (if they can be cute), saying OOOOHHHH SHIT!!! |
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Feeling fear again.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.
I think this is the epitome of a bear market condition. Bitcoin is currently inflationary, so without a certain amount of new money coming in, the market goes down. There are a lot of bids down to 400. But if they were so eager to buy, why are they not buying? Whats the difference between 400 and 470? Granted, its 17.5%, but still if they wanted the coins so bad, they are right there for the taking. In my opinion, the longer we don't go up, the more likely we are to go down. Its already Wednesday in most places. We have about 36 hours to make an upwards move, in my opinion, or there are going to be some selling going on. Of course, I guess we could just inch down like we did from 710 slowly and surely. I find it a lot more difficult to take someone serious when they are asking silly ass questions. We (bullish ones) do NOT know if the market is moving up or down in the short-term.. surely the bullish ones have been buying, and BTC has been in the $400s for 3 days... I am sure many bullish have already bought.. but maybe would buy more if there was some certainty about whether in the short term we were going up or down... even though in the long run the bullish ones are expecting BTC to go up.... I bought some BTC in the $440s, in the $450s and in the $480s in recent days. Generally, I am waiting, and I have NO idea which way the price is going to go in the short term, though I may buy again in the $450s, but if it is possible that the price will go to the low $400s, then I would prefer to buy there.... and if the BTC price is going into the 300s, then I would prefer to buy there. If I know for sure the price is NOT going to return to the $400s, then I will buy a little more in the $490s... so what the fuck.. we don't really know what the fuck the price is gonna do in the short term... it's a silly question to ask why aren't the bulls buying... Anyhow, your statement seems just to attempt to incite argument just for the sake of argument... b/c truly you should be able to figure out the answer to such question. EDITED above to break into three paragraphs and add a little bit of "fucks"  |
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Will the plane make it to the USA or will it be diverted to Gitmo, with Mark never to be seen again until the Polaroids of him being peed on by Gitmo guards surface? Do you they have those orange jump suits in XXX-Large? And, a four legged one for his cat? |
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Will the plane make it to the USA or will it be diverted to Gitmo, with Mark never to be seen again until the Polaroids of him being peed on by Gitmo guards surface? "Peed" sounds too Pg-13. |
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Indeed, I loled hard. That "redactor" is really epic ; can't even plead incompetence, he's really doing it on purpose... or maybe : - he just took a random range : 3 months (yeah 3 is good), - from hmm let's say since the ATH and oh surprise after an ATH we got a correction. Ok so it's "a crash", -38% value OMG worst investissement ever ! (So why not the title, really shinny) - let's not check the 4 years before with around +10000%/year instead of -38%. I guess some of the words in his Twitter description needs to be switched : "I write about finance, markets and economics for Quartz. Decent guitarist. Terrible banjo player." ! We could also measure BTC from late November 2013 to its present price, and achieve more than 60% loss in value. Funny thing also, is currently, when I look up the November 2013 time-frame on bitcoincharts.com. Regarding Bitstamp, I find a BTC price high of about $1150; however, I bought my first BTC on 11/29 through Localbitcoins for $1200 per BTC. We already know that Localbitcoins can have a very wide range of prices, and frequently the sellers thereon are able to sell at much beyond the price in other venues. I recall that I did NOT buy from the highest vender or on the highest day. And I recall between November 29 and December 5 -ish seeing that there were advertisements on localbitcoins for nearly $1600 per BTC. I do NOT know whether many BTC were transacted at prices between $1200 and $1600, yet with all the hype at the time, I would imagine that there would have been quite a few BTCs transacted in that price range. I do NOT mind flash crashes, but hovering and lingering in the $480 range for too long causes me to begin to believe that it is going to take a while for BTC prices to return to ATH... and maybe, just maybe we will NOT see another ATH this calendar year. A lot of us were banking on another BTC ATH this calendar year.. but maybe that new ATH will be put off until 2015? If I were a betting man, I would need to be given fairly decent odds before I would take the new ATH in 2014 bet. in other words... currently, blood is beginning to seep into the streets... and if BTC prices were to go to the $300s and then linger in the $300s... that would increase perceptions of BTC doom and gloom... though ATM, I would place the odds of reaching $390 in the next month to be greater than the odds of reaching a new ATH before August 2014... that is my current thinking... but I am talking out of my ass somewhat b/c I am like a cave dweller in plato's allegory of the cave... with very much incomplete information and I realize that if some big ass investor (anything of 100 million or greater) were to come into BTC at any minute.. that new entrance into BTC could cause a real high demand for BTC and a rippling effect beyond any lines on any charts.. and suddenly considerable volume would materialize where, at the moment, LITTLE volume seems to be in sight. Good thing you don't play real stocks or forex...because 6 months is a tiny blip on the radar in the real financial world. I am NOT sure about your point in response to my post. My post was intended to provide an assessment and description of the BTC situation from my perspective, experience and at this point in time... maybe you can perceive some naivette in my description of the situation, yet seems to me that I ventured out and put some time into making a description. No? So what is your point, then in making your response? Is BTC NOT part of the real financial world? Sure it is a different animal in some ways, but likely there is some similarities as well. Do you have some real financial world experience that you believe will provide insight to this situation? Then, please feel free to contribute and add perspective. My post is NOT about me, even though I was adding some of my experience and perspective..... but I wrote it out as part of an intended interactive process to whatever extent the information contained therein may or may NOT be valuable or helpful to some reader(s) of such information. I look forward to hearing more from you... I think   |
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Bitstamp buy support is slowly mounting. You shouldnt be drinking that shit, anyhow.  I agree. I don't drink it very often. We'll maybe when you drink it, you become more cheerful and easily humored... ? At least when you get the buzz from it before it kills you?  I am joking a little bit bc I could give a ratt's ass what people do or choose to do. Personally, I stopped drinking most sugary beverages (including sodas and a lot of the other crap) nearly three years ago. And, diet versions are probably as bad, if NOT worse, then some of the non-diet versions. Actually, it took quite some time to ween myself completely, b/c they are fairly addictive, believe it or NOT. My current vice, if you would call it that, is buying young coconuts and drinking the juice from there. A little more expensive than sodas... but likely to be pretty good nutrition with a pretty decent taste, once you extract yourself from sugar cravings. Good choice, coconut water is undoubtedly better than any soda, and diet soda?!?! Aspartame is something you should probably never consume. https://www.youtube.com/watch?v=GCxnKwCsW7ICongratz on becoming a "member" btw  I enjoy your posts. Thanks... I had noticed the "Jr" had disappeared from my title... he he he... That status update does feel a little better. and when I had the title Newbie, at least one person, or maybe it was a bot, who I will leave unnamed for now was trying to minimize my contribution by specifically referring to me as "newbie." |
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I do NOT mind flash crashes, but hovering and lingering in the $480 range for too long causes me to begin to believe that it is going to take a while for BTC prices to return to ATH... and maybe, just maybe we will NOT see another ATH this calendar year. A lot of us were banking on another BTC ATH this calendar year.. but maybe that new ATH will be put off until 2015? If I were a betting man, I would need to be given fairly decent odds before I would take the new ATH in 2014 bet.
It's playing out just as the last bubbles. we have been here before, in this pit of doom and gloom 5 times. Bitcoin cannot stay idle for years, it will rocket or fall. The fundamentals have not changed, I think you will see your ATH this year and some. Thanks. I am NOT going from personal experience in terms of my own buying history b/c as I have mentioned several times, I began to buy in the end of November 2013. So my question to any of you who have been around for previous upswings and flat downward trends that followed... was there a drying up of the volume right before the burst upward? I mean it is possible that we are NOT going to have a choo choo in the next few weeks.. but the choo choo may have a certain degree of inability to predict exactly when b/c you get one big investor... and viola... CCMF.... that one investor is contagious to all the others who do NOT want to miss the train/rocket.... and we are on our merry way. Can anyone address this denigration of volume question? And, in this particular moment, we have quite a bit of BTC transactions that seem to be occurring off of exchanges b/c there may be a bit of skepticism about putting too much capital on any of the exchanges after the GOX situation (and a few other more minor BTC thefts that were exchange related - including SR2). |
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Omfg, its a laugh a minute today Joking aside, potential alternatives to fiat have been under attack for a long time and public perception of things like PM's as a store of value has changed considerably, it sounds like a conspiracy nut job story but its become blatant with Bitcoin. PM market manipulation sounds like a nut job story too but its worth looking in to and if there's any truth in it then the bitcoin markets are also a prime target, I'm probably preaching to the choir with that but just in case... know your enemy. I'M lost with the acronym "PM" = I thought PM was personal messages. Are you talking about sending bitcoins via PM? - like M-Pesa in Kenya? I know that they have this texting value (minutes) Kenya and it may be very applicable to bitcoin.. Precious Metals. Thanks Gentlemand - you certainly are living up to your name. I must have been having a brain fart. The post makes much more sense with that explanation. |
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Bitstamp buy support is slowly mounting. You shouldnt be drinking that shit, anyhow. I agree. I don't drink it very often. We'll maybe when you drink it, you become more cheerful and easily humored... ? At least when you get the buzz from it before it kills you? I am joking a little bit bc I could give a ratt's ass what people do or choose to do. Personally, I stopped drinking most sugary beverages (including sodas and a lot of the other crap) nearly three years ago. And, diet versions are probably as bad, if NOT worse, then some of the non-diet versions. Actually, it took quite some time to ween myself completely, b/c they are fairly addictive, believe it or NOT. My current vice, if you would call it that, is buying young coconuts and drinking the juice from there. A little more expensive than sodas... but likely to be pretty good nutrition with a pretty decent taste, once you extract yourself from sugar cravings. |
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Omfg, its a laugh a minute today Joking aside, potential alternatives to fiat have been under attack for a long time and public perception of things like PM's as a store of value has changed considerably, it sounds like a conspiracy nut job story but its become blatant with Bitcoin. PM market manipulation sounds like a nut job story too but its worth looking in to and if there's any truth in it then the bitcoin markets are also a prime target, I'm probably preaching to the choir with that but just in case... know your enemy. I'M lost with the acronym "PM" = I thought PM was personal messages. Are you talking about sending bitcoins via PM? - like M-Pesa in Kenya? I know that they have this texting value (minutes) Kenya and it may be very applicable to bitcoin.. |
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Indeed, I loled hard. That "redactor" is really epic ; can't even plead incompetence, he's really doing it on purpose... or maybe : - he just took a random range : 3 months (yeah 3 is good), - from hmm let's say since the ATH and oh surprise after an ATH we got a correction. Ok so it's "a crash", -38% value OMG worst investissement ever ! (So why not the title, really shinny) - let's not check the 4 years before with around +10000%/year instead of -38%. I guess some of the words in his Twitter description needs to be switched : "I write about finance, markets and economics for Quartz. Decent guitarist. Terrible banjo player." ! We could also measure BTC from late November 2013 to its present price, and achieve more than 60% loss in value. Funny thing also, is currently, when I look up the November 2013 time-frame on bitcoincharts.com. Regarding Bitstamp, I find a BTC price high of about $1150; however, I bought my first BTC on 11/29 through Localbitcoins for $1200 per BTC. We already know that Localbitcoins can have a very wide range of prices, and frequently the sellers thereon are able to sell at much beyond the price in other venues. I recall that I did NOT buy from the highest vender or on the highest day. And I recall between November 29 and December 5 -ish seeing that there were advertisements on localbitcoins for nearly $1600 per BTC. I do NOT know whether many BTC were transacted at prices between $1200 and $1600, yet with all the hype at the time, I would imagine that there would have been quite a few BTCs transacted in that price range. I do NOT mind flash crashes, but hovering and lingering in the $480 range for too long causes me to begin to believe that it is going to take a while for BTC prices to return to ATH... and maybe, just maybe we will NOT see another ATH this calendar year. A lot of us were banking on another BTC ATH this calendar year.. but maybe that new ATH will be put off until 2015? If I were a betting man, I would need to be given fairly decent odds before I would take the new ATH in 2014 bet. in other words... currently, blood is beginning to seep into the streets... and if BTC prices were to go to the $300s and then linger in the $300s... that would increase perceptions of BTC doom and gloom... though ATM, I would place the odds of reaching $390 in the next month to be greater than the odds of reaching a new ATH before August 2014... that is my current thinking... but I am talking out of my ass somewhat b/c I am like a cave dweller in plato's allegory of the cave... with very much incomplete information and I realize that if some big ass investor (anything of 100 million or greater) were to come into BTC at any minute.. that new entrance into BTC could cause a real high demand for BTC and a rippling effect beyond any lines on any charts.. and suddenly considerable volume would materialize where, at the moment, LITTLE volume seems to be in sight. |
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This made me spit coca-cola all over my laptop. You shouldnt be drinking that shit, anyhow. |
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Guys did you read what Pieter Wuille Bitcoin dev wrote ? I have no intention to make any fud but Bitcoin generation maybe not limited to 21 million as sopposed to be, they still dont know how the client will behave when they reach the last Block reward, and they think it will start over from 50 BTC.... https://github.com/bitcoin/bips/blob/master/bip-0042.mediawikiAlthough it is widely believed that Satoshi was an inflation-hating goldbug he never said this, and in fact programmed Bitcoin's money supply to grow indefinitely, forever. He modeled the monetary supply as 4 gold mines being discovered per mibillenium (1024 years), with equal intervals between them, each one being depleted over the course of 140 years.
This poses obvious problems, however. Prominent among them is the discussion on what to call 1 billion Bitcoin, which symbol color to use for it, and when wallet clients should switch to it by default.
To combat this, this document proposes a controversial change: making Bitcoin's monetary supply finite.
Details
As is well known, Satoshi was a master programmer whose knowledge of C++ was surpassed only by his knowledge of Japanese culture. The code below:
int64_t nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210,000 blocks
// which will occur approximately every 4 years.
nSubsidy >>= (nHeight / 210000);
is carefully written to rely on undefined behaviour in the C++ specification - perhaps so it can be hardware accelerated in future.
The block number is divided by 210000 (the "apparent" subsidy halving interval in blocks), and the result is used as input for a binary shift, applied to the original payout (50 BTC), expressed in base units. Thanks to the new-goldmine interval being exactly 64 times the halving interval, and 64 being the size in bits of the currency datatype, the cycle repeats itself every 64 halvings on all currently supported platforms.
Despite the nice showoff of underhanded programming skills - we want Bitcoin to be well-specified. Otherwise, we're clearly in for a bumpy ride ya and the Y2K bug will crash the planet. Yeah..... let's worry about what could happen 140 years from now... as if it were the most pressing issue and as if it would be the end of the world if there were some unexpected glitch. I also heard that social security could go bankrupt in 30 years if NO one were to pay into it. |
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Great news everyone! Bitcoin NOT banned in China! BREAKING NEWS: Bobby Lee Confirms Bitcoin China Ban hmmm.... interesting. Are these quotes confirmed?  |
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That's reasonable!!! And, I love specific predictions, especially when I agree more or less with them. By the way, there are NO real quantity of big name speakers in that BTC "global" conference set up. |
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China likely won't criminalize ownership for a long time, if ever. What they can do is make it difficult for the Chinese people to buy bitcoins. As the current price is not a function of current utility, but a discounted expectation of future price, this could lead to a drop in price. The knowledge of less money flowing into bitcoinisphere from the Middle Kingdom is a downward pressure on price.
If I had billions, I would be pouring it into Bitcoin now, but I don't. If I had millions, I would be building walls around support at $400 to $450 (but I don't).
The utility of Bitcoin is still increasing rapidly. The system is anti-fragile and will survive and grow, but it will not be overnight and bitcoin profit will be earned- not given to you.
That's where the luck comes in, NO? Sometimes, if you are in the right place at the right time, viola!!!! Don't really know when and where that is gonna be... but with bitcoin, the rocket, bullet, train, is likely coming soon.. but based on some of the recent distractions and negative press may have been delayed by a month or two. |
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So considering all that’s going on, when do you think is a good time to put in a large purchase at coin base?
not now, china is about to ban bitcoin for the 3rd time, its not getting old. nope! This is the kind of news that people love... over and over and over... nice solid "news" |
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