When Mt Gox was dying, the market slid for months. When they stopped accepting deposits (for the last time), the market crashed to $400 and immediately rebounded to $710.
The slide from $710 to $436 was because the eventual banning of BTC exchanges was being priced in. There was some confirmation of this with two small exchanges that took us from $486 back down to $440.
Markets hate uncertainty more than they hate bad news. Bad news can be priced in. Uncertainty by it's very nature cannot. What is certain is that when and if a final confirmation from the PBoC comes out or Chinese exchanges stop accepting deposits, the China Syndrome will be behind us and other factors will dominate price action.
The time to buy is when things are at their worst, when things can't get any worse. The irony is that Wall Street money will likely not come in until after we sell. If we never sell, it could take them months, years or eternity. Wall street doesn't want to share our success. They want to take our success from us. They're not angels. They are vultures. The only way to keep them out is to bootstrap another rally without them, have them buy in and we slowly and methodically take profits on the way up. It would require a level of support at least twice as high as what's on our current order books.
The two external possibilities that can save us are an official denial by the PBoC of an imminent bitcoin ban or a influx of billionaire whale money. Both are very possible but unlikely. As a community, the way we can save ourselves is for The Bottom to be defended on very high volume. Next dip below $550, buy like crazy and don't sell till you see $100 profit. That dip will come unless a whale intervenes. There will be no organic rally without another defense of the bottom.
Disclosure: I'm not talking my book here. I'm trapped in a leveraged long position and resigned to either sell at a profit or get wiped out in a margin call. I got screwed because I thought the PBoC would either confirm or deny the rumor by now. They claim to be concerned for the welfare of speculators and consumers and then keep us in the dark. I guess that's what we should expect from banksters.
Your attempt at concerted action is like herding cats..... I admire it, but really, I doubt you are gonna get people to engage in some mass buying campaign... b/c each of us is in a different position.. and maybe we do NOT have enough capital to buy, buy, buy.... I know the other strategy is to hodl and don't play the selling game..,..,. and that could cause prices to rise with smaller volume and cause a whale to come in that does NOT want to lose out on the upward momentum..... You are correct about the intense bitterness that wallstreet likely has in regard to bitcoin investors and they are likely very reluctant to empower the "undeserving" early bitcoin adopters to make any high level(s) of profit. |
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IRS cant hold us!  I do not live in USA but i wish this IRS thing will never happen - keeping record for one year of each smallest transaction is SICK! They will understand it after short while! Bitcoin for USA! And about the price --- stabilizing they understood that, this is on purpose to harm bitcoin and they'll harm and kill bitcoin, Ripple will take its place within few months. This is life. individuals do not have to fill out form 1099. so for the vast majority this is inconsequential. They should be paying taxes on gains on bitcoins anyway. Exactly, yet every time a news story that is positive, such as the Square Market news, pops up as #1 on google search, another rehashed story about the IRS guidelines pops up. All with outlandish headlines like "Bitcoin bites the dust" and "the end of Bitcoin" blah blah blah. Each article usually has some finance industry person bloviating about the doom and gloom that is pending for bitcoin. There seems to be a desperate effort to suppress Bitcoins acceptance at large. Desperate indeed. It is not even known if the IRS will stick with the guidelines and it is certainly starting to look more benign than many would have us believe. This constant recycling of old news is going to backfire, because people do catch on to bullshit eventually. Especially with a steady stream of fresh news pointing the the opposite trend that these FUD stories attempt to create. First they ignore you, then they ridicule you, then they fight you, then you win. I don't know which stage we are at? And the stages may last a long time... |
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choo choo boys?
Just seems like we are lingering again.. maybe linger between $475 and $505 for a while, like 12 hours? Tension is building up... but maybe the breakout will be down... absent some angle whale... that's a whale savior... If I knew for sure we were choo choo, then I would buy one more coin while we are still in the $400 territory, but who wants to buy at $485 when it remains possible to get them at $530 in less than 24 hours? I have already, in recent days, bought quite a few coins in the $446 to $486 range. |
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BTC >500$ in 2014 RxIxP
I am Fonzie and i can cofirm!
It was >500 20 min ago  Today is the last day you will see BTC >500$ this year. Bet on it? If you wanīt to gamble, buy Bitcoin. If you wanīt profit short! at least until 200$ The real test of SUCH a BOLD proclamation is to bet on it... NOT to play the market....... FONZIE... PUT YOUR MONEY WHERE YOUR MOUTH IS!!!!! or reformulate your prediction |
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This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time. Thought it was clarified via bter that they were closing third party partners not a blanket ban. IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new. uh I consider the website directly addressing what was sent to them real. At least a stance based on something they we're enforced to follow. In this rant, I was NOT alleging that the news was NOT real, I was just asserting that it was NOT new... NOTHING materially different from what we already knew in December 2013. There may have been different words or a different font or two spaces after the periods.. and things like that.. but nothing significantly different from what was already known in December 2013. what I learned from their statement that I hadn't gathered from any other FUD past or present was this time the pboc went to the third party payment processors opposed to the exchange, which I don't believe is ever directly addressed. The solution for BTER could be as easy as getting a commercial bank account. It just looks like the pboc is narrowing the channels without direction intervention at an exchange. I agree with you that if china had changed the kinds of institutions that were affected by the restrictions then those could have been materially different - These restrictions still are very foggy to me, and I remain unclear about the impact..... on whether chinese people are going to be able to find effective and practical work arounds.... but surely, the fud impact is more important than reality.. anyhow. |
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bids keep adding up, i think we will touch 500 this week.
When the current prices are "touching" $490, the question should be about whether we are hitting $540 rather than $500, no? |
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Thing are def happening on bfx right now. It looks as the shorts are panic closing and the amount of longs is rocketing, ltc longs too
..speaking of LTC.. remember that guy who sold 10k LTC short at $12.4 yesterday? I sold 3900 at around $4.5 and then 10 days later watched it climb to $48. Wow!!! 10x profit could have been amazing on that quantity... |
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This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time. Thought it was clarified via bter that they were closing third party partners not a blanket ban. IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new. uh I consider the website directly addressing what was sent to them real. At least a stance based on something they we're enforced to follow. In this rant, I was NOT alleging that the news was NOT real, I was just asserting that it was NOT new... NOTHING materially different from what we already knew in December 2013. There may have been different words or a different font or two spaces after the periods.. and things like that.. but nothing significantly different from what was already known in December 2013. |
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The 1 week EMAs are about to cross down. I would have been all over these coins 2 months ago but not now.
I'll be surprised if they do cross (given the last time they were intertwined was Dec 2012) but if they do...perhaps a return to a 2102 type market would be good for BTC, steady prices, let the wounds of Gox heal, improve the infrastructure. As for cheap coins...well, as they say in sales: there's no such thing as cheap, only good value. And value is a highly subjective thing.Surely, there are various ways to consider value.. especially, if I am considering the value of a t-bone steak. Investments on the other hand have a considerable objective component, as well... and considerations about how others value it and building of infrastructure of utility.. etc etc... Subjective value, though a factor, just does NOT capture the ONLY aspect of what we should be measuring when considering when and how to invest. |
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This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time. Thought it was clarified via bter that they were closing third party partners not a blanket ban. IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new. |
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Nice little wall at 350-450 has formed. This might give us another 1-4 weeks before 400 is broken, and maybe even a bulltrap to 550 or so where the next shorting opportunity will be.
I think that those orders are from new market meat. Like a friend of mine who called me a fool at 100, and yet he is now patiently waiting for his chance to become my greater fool. Their logic is quite simple: "it looks like it's going to go up but it is crashing now. 1000 is too much, 300 is right, let me put a bid at 350-450." I think there are many of them this time. This month we'll see them fighting with the butthurt fools who want out of bitcoin. Yeah... I see those kind of people saying $1000 is too much and then they want lower... then it goes lower and then they want lower.. and then it goes lower and they say, "shit, I cannot buy when prices are this low, b/c it may go down lower" They say, let me think about it... then they buy when it is going up and then they sell when it goes back down.. and blame you for getting them into it. One of the biggest mistakes made by new traders is not incorporating TIME into their calculations. I know that I was being a little stereotypical with my description of a certain kind of investor..... that is the kind of investor that keeps saying wait.. wait, wait.. and then when finally gets in.. jumps out too quickly based on emotions, rather than having some perspective or vision... However, the other difficulty that comes about may be that BTC or whatever investment receives a lot of publicity when prices are on a bull run streak.. and therefor other kinds of more thoughtful people find out and buy in as the market prices are going up or approaching top of that bull run streak... Then these second kind of newbies may need to wait for a considerable amount of time - and sometimes years for the price to return to their initial buy-in level.... which sometimes in the interim, there is some kind of failure of the investment and price never returns to that previous high. I describe this second newbie situation b/c it applies to my personal circumstances, and your recent bearish assessments do bother me to some extent even though it seems as if you have fairly decent insight for reaching your conclusions... I do appreciate and recognize your concerns about volume and concerns about why we are NOT seeing volume play out. Surely, recent volume is just lacking and that is a fact that we cannot escape in the very near short term - unless volume comes about as a surprise element.. which may be more wishful thinking, rather than real and measurable. Yet, BTC seems to be built around a kind of quasi-reality... of a few whales who are continuously able to influence BTC price quickly and surprisingly. For example, some of these institutional investors in the pipeline - second market and such, seem to be very good potential sources for an onrush of BTC volume.. All of this may be pie in the sky, but seems like it could happen at sometime in the near future.. especially since BTC has been on a downtrend for four months (which is part of a 4 year pattern, with BTC). In this regard, even though we cannot really see on the surface from where the volume is going to come, the wider publicity of bitcoin over the last 6 months seems to cause very decent likelihood that some savior whale(s) are going to come to our rescue.. and thereafter cause a stampede of additional passengers on this train/rocket to da moon. |
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Nice little wall at 350-450 has formed. This might give us another 1-4 weeks before 400 is broken, and maybe even a bulltrap to 550 or so where the next shorting opportunity will be.
I think that those orders are from new market meat. Like a friend of mine who called me a fool at 100, and yet he is now patiently waiting for his chance to become my greater fool. Their logic is quite simple: "it looks like it's going to go up but it is crashing now. 1000 is too much, 300 is right, let me put a bid at 350-450." I think there are many of them this time. This month we'll see them fighting with the butthurt fools who want out of bitcoin. Yeah... I see those kind of people saying $1000 is too much and then they want lower... then it goes lower and then they want lower.. and then it goes lower and they say, "shit, I cannot buy when prices are this low, b/c it may go down lower" They say, let me think about it... then they buy when it is going up and then they sell when it goes back down.. and blame you for getting them into it. |
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456$ on bitstamp, it will probably go lower  Or we will all be surprise and it will spike up I appreciate the high level of confidence and commitment that you exhume in your prediction!!!  And surely I am betting that you are going to be correct |
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Bitcoinity has Gonzo as the background.
IIRC it's Beaker. I think you are right. It's been a long time since I saw the Muppets.. +2 beaker  2800 on huobi, the first pump begins soon? debating.. it should imo but there is still a bit of uncertainty out there. Plus all the shorts that would have to close eventually YEAH>>>> maybe a rally... but it seems really unlikely that we are going to get to any kind of $540-ish type numbers... and I think that we are getting pretty close to 48 hours for the poll... so it turns out the poll is NOT true about the $540 b/c we did NOT even break $490, to my recollection... so we have been lingering in this sub-$490 limbo land for a couple of days... with lows into the $430s... who would have thunk? |
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I gauge each individual by what they post, not what someone else posts about them (although I do use what someone says about others to gauge their own character).
Just what I need, another person judging me on shallow evidence. creekbore has been stalking me for a while, and he's made this personal. If I lose my patience the last thing Im worried about is looking like a jerk. trolls gonna troll, we're all just speculating on an internet forum when it comes down to it. And a quasi-anonymous forum at that.  |
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I gauge each individual by what they post, not what someone else posts about them (although I do use what someone says about others to gauge their own character).
Just what I need, another person judging me on shallow evidence. creekbore has been stalking me for a while, and he's made this personal. If I lose my patience the last thing Im worried about is looking like a jerk. I've had my issues with Creekbore too, yet nonetheless, it is probably a losing argument to engage in abstract arguments about what he may have posted in the past...... and in that regard, probably better to just leave the arguments to future posts. Sometimes, people will get better at making more fair arguments and renditions of facts.. etc etc... .. but if the battle turns into a personal or character attacks on both ends then both posters will likely lose, and NO one is really interested in reading those kinds of posts... In my experience and opinion, they are losers to try to wage character battles.... except to the extent, possibly, to weave them into substantive arguments and to point out fallacies of the other guys approach, to the extent the other guy is engaging in those kinds of tactics.. ... but still better, in my thinking, to attempt to address the substantive arguments first.... so it seems. |
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Some bullish thoughts: If we enter the double digits range itīs probaby to late to sell, i can īt see us stayin in single digits/lower double digits for more than a few days. But hey after all, itīs the honey badger isnīt it? Keep talking, I'd like to get a few more at cheaper prices Who the fuck knows what is going to happen? But I cannot see the BTC prices getting too much cheaper... unless there is some aazing new negative developments... Maybe the price might get down close to $410... but I cannot see being able to get much lower than that... unless maybe a flash crash or something.. but even then.. seems fairly unlikely... In other words, this seems to be about as cheap as we are gonna get.... maybe dips into the $430s..... but buy now while the buying is CHEAP COINS !!!! |
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Bitcoin is doomed by this new IRS announcement. The price will slowly decline to 0$
I am believing that you are so wrong and I do not know how you can even say that But when price will hit 0$ I will buy few thousands BTC As many as I will be able to buy! NOT believable!!!! if you are NOT buying in the $400 range, then certainly, you are NOT going to be inclined to buy in the near zero range. |
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When Bitcoin collapsed to 800 what did I hear? "Too the moon!"
When Bitcoin collapsed to 600 what did I hear? "Too the moon!"
Now that Bitcoin is at 450 what do I hear? "Too the moon!"
You guys are no different than the Aura and Mazacoin crowd: Delusional.
we are still up more then 4,500,000% over 5 years please remind me of who is delusional i think it wont be that fast anymore tho. edit: and its 3 years since it wasnt on any exchange when still in development stage. Yes, it may be more accurate to use 3 years rather than 5 years as a measuring point for some purposes... but then there are frequently developments that take place that change the dynamics of BTC and the various means in which BTC achieves additional public exposure. I am in NO way of the view that BTC's future performance is gonna be any kind of exact replica of its past performance; however, I am of the belief that - even though BTC has had a pretty decent run in its recent history... and possibly, the price may have outpaced the building of its infrastructure, nonetheless - BTC continues to be a very decent investment vehicle b/c it continues to have considerable upside potential... just taking on various functions such as money transmittal or storage of value or public ledger or potential ease of person to person transactions without a middleman... Also, even though there are quite a few crypto-currency quasi-competitors for BTC, BTC continues to have the main momentum and the lion's share of attention and infrastructure building.. which remains likely to last at least for a couple more years... and we may need to reassess as we go if there develops some alternative(s) to BTC that is (are) better than BTC.... but at the moment, BTC is where its at..... Surely, there may be some better investments and more stable and more secure, and even more profitable etc. etc... But so fucking what? If there are better investments, then we can allocate accordingly, and if BTC seems to be too risky, we can also allocate accordingly.... roll with the punches... and currently, BTC seems to be a great price... so BUY, BUY, BUY!!!!!! or HODL, HODL, HODL!!!!!! and I am sure we have some other great expressions to capture the current state of affairs in BTC-land. |
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When Bitcoin collapsed to 800 what did I hear? "Too the moon!"
When Bitcoin collapsed to 600 what did I hear? "Too the moon!"
Now that Bitcoin is at 450 what do I hear? "Too the moon!"
You guys are no different than the Aura and Mazacoin crowd: Delusional.
That is NOT called delusional, it is called either aspirational or projection or prediction... sometimes it is stated blindly and other times it is stated within a context. Many of us in the bitcoin sphere expect bitcoin to take off on an upward projection, and some of us are thinking that it may take off sooner, rather than later... so that can be a bit anxious, and maybe even become delusional, if people were to invest at $1200 or some other high amount, and see the price going down, rather than up.. surely there is going to be an up trend it is a matter of when and for how long and how persistent.. those questions are all worthy of different conclusions from different people... since you seem to be in this space to critique the comments of others, what is your aspiration or investment into bitcoin or some other asset? If NOT bitcoin, then what are you doing, here? You understand that there is a variety of people here with a variety of perspectives, and what point do you make by criticizing people for saying to the moon? Why don't you say: BUY, BUY, BUY..... and get into the spirit rather than calling people names (such as delusional)? |
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