we enter into the fifth month of constant decline in prices, Check Trend line from decembar 2013 year ! Trend and price before 1 month:  Trend and price today:  See you again within a month with trend lines and current price. These are the kinds of trend-lines and bare assertion claims that i find problematic b/c the starting point is the ATH... It makes little to no sense to be to start from the ATH in order to make what point? It may make a point about a current situation that is occurring, but it does NOT make any meaningful point about the overall health and/or value of bitcoin.... In my view focusing on that time period, remains just out of context and a form of limited information. |
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What would cause JorgeStolfi to buy? Has he ever mentioned what the "tipping point" for him would be? I am curious.
I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers). I may buy some cryptocoin someday to pay for something, if I find that it will be easier/cheaper/safer/faster/etc than the usual means (cash, check, bank remittance, cerdit card , debit card, ...). Which does not look very likely right now.  If he changes his mind and buys some he should update [ his signature ].  Of course. Bitcoin is inherently libertarian. Dont think so.. .even though bitcoin may be very useful tool for many libertarian considerations Bitcoin is peaceful and free market. That's what "libertarian" means. From our previous discussions, I already recognize that there is more devil in the details of your thinking about how peaceful and freemarket play out, but nonetheless, who can disagree with peaceful and free market.. to the extent that something like that may be an aspiration... NOT this cat.... I mean I dont disagree...   |
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What would cause JorgeStolfi to buy? Has he ever mentioned what the "tipping point" for him would be? I am curious.
I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers). I do agree that there seem to be a lot of libertarians in bitcoin, and attempting to suggest that bitcoin is the libertarian solution. There is some truth in some of these libertarian claims, but I try NOT to let them bother me to the extent that some of the ideas seem contrary to mine. In other words, I believe that there is room in the bitcoin world for NON-libertarians and NON libertarians can positively influence the direction of bitcoin. greedy financiers are definitely in the midst.. but they are NOT gonna derail bitcoin.. at least NOT in the near term future. So, derail is the wrong word.. influence and manipulate, yes to some extent, but derail.. nope... dont think so... I have always considered myself a right-wing conservative. However, I posted a quiz on here in the politics section a while back that showed me that I actually leaned more left and towards libertarian in my thinking! I was actually shocked. Maybe my involvement in Bitcoin has changed me in more ways than I realize. Now I just need to go buy a gun . . . .  Yeah.. sometimes labels are NOT very helpful, and people tend to be all over the place, once you get into some of the details about how different particulars may play out from issue to issue. I frequently bet more pissed off about money influence in politics rather than variations in what people believe b/c ultimately, democracy should allow for the input of people in guiding the direction of society. Yet, frequently, we may have a few rich people making such decisions, which can be very irritating to regular folks. |
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What would cause JorgeStolfi to buy? Has he ever mentioned what the "tipping point" for him would be? I am curious.
I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers). I may buy some cryptocoin someday to pay for something, if I find that it will be easier/cheaper/safer/faster/etc than the usual means (cash, check, bank remittance, cerdit card , debit card, ...). Which does not look very likely right now. If he changes his mind and buys some he should update [ his signature ]. Of course. Bitcoin is inherently libertarian. Dont think so.. .even though bitcoin may be very useful tool for many libertarian considerations |
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What would cause JorgeStolfi to buy? Has he ever mentioned what the "tipping point" for him would be? I am curious.
I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers). I do agree that there seem to be a lot of libertarians in bitcoin, and attempting to suggest that bitcoin is the libertarian solution. There is some truth in some of these libertarian claims, but I try NOT to let them bother me to the extent that some of the ideas seem contrary to mine. In other words, I believe that there is room in the bitcoin world for NON-libertarians and NON libertarians can positively influence the direction of bitcoin. greedy financiers are definitely in the midst.. but they are NOT gonna derail bitcoin.. at least NOT in the near term future. So, derail is the wrong word.. influence and manipulate, yes to some extent, but derail.. nope... dont think so... |
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Well, there will not be any denial or confirmation of the rumor until Monday 00:00 UTC (08:00 CST) at least. Huobi's traders have finally gone to bed it seems.
If I had to guess what will happen until then, I would say that the price will probably drift down a bit more, as the less active clients become aware of the ban and show up in the marketplace, and skeptical traders get contaminated by the general doubt. Say, the price may reach 2800-2900 CNY by Sunday night.
On Monday, if the report is proven false, the price should quickly return to 3500-3600 CNY. If the report is confirmed, it will presumably start falling again; how deep and how fast, I can't guess.
Is this reasonable? Too obvious?
if they ban it will you then buy a bitcoin? What would cause JorgeStolfi to buy? Has he ever mentioned what the "tipping point" for him would be? I am curious. Jorge may be kind of like Peter Schiff... He probably has his own little secret stash... b/c ultimately, he realizes that it has various good upside investment potential. |
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Ok, I'll leave you guys with your high hopes of moons and trains. I'll have to go and when I'll return, then this username is probably banned already because of the cries of rpietila. But see you all later under a new name.
Why bother? You have HARDLY invested in bitcoin, and you really do NOT seem very interested.... except to denigrate various strategies.. without really providing insight... Yes, expel the unbeliever! hehehehe... My point is NOT about unbelieving .. but about contribution and substantiating contributions... If a person merely criticizing BTC without adding value concerning why.. then what good does that provide... Also, some posters seem to be real denigrating about the contributions of others... which really does NOT seem to add value but instead attempt to distract and to side-rail meaningful discussions... A living example of a strawman setup by the original poster The post I responded to, which you later edited, simply responded "Don't bother" to Zapffe. You are talking about me, engaging in strawman... I dont think so... I am just engaging in a conversation.. and I am suggesting reasons why Zapffe seems to be wasting everyone's time and NOT contributing... but anyhow, I am basing on a set of communications with him... Yes, I could be proven wrong that he is in fact a good contributor... but in my experience with his various posts, he seems to admit that he is NOT really contributing in any kind of meaningful way.. of course, he does NOT use those words or come to that conclusion.. but whatever, if posters admit that their purpose is to just spread FUD, then what good are they? NOT MUCH>.. and accordingly, they should be removed, expelled, etc... .. . Of course, I have NO power or authority to influence how much trolling is tolerated by the forum... and they come to their own judgements regarding whether posters (members) are contributing to the forum |
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Ok, I'll leave you guys with your high hopes of moons and trains. I'll have to go and when I'll return, then this username is probably banned already because of the cries of rpietila. But see you all later under a new name.
Why bother? You have HARDLY invested in bitcoin, and you really do NOT seem very interested.... except to denigrate various strategies.. without really providing insight... Yes, expel the unbeliever! hehehehe... My point is NOT about unbelieving .. but about contribution and substantiating contributions... If a person merely criticizing BTC without adding value concerning why.. then what good does that provide... Also, some posters seem to be real denigrating about the contributions of others... which really does NOT seem to add value but instead attempt to distract and to side-rail meaningful discussions... |
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Ok, I'll leave you guys with your high hopes of moons and trains. I'll have to go and when I'll return, then this username is probably banned already because of the cries of rpietila. But see you all later under a new name.
Why bother? You have HARDLY invested in bitcoin, and you really do NOT seem very interested.... except to denigrate various strategies.. without really providing insight... |
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the china news is made up FUD FUD FUD
Until it is known whether the bank ban is true or false, "Fear, Uncertainty and Doubt" is what a sensible trader should feel. Yeah... we need to hear one way or another... which i am inclined to think that it is NOT true... maybe some restrictions.. but total ban.. seems very unlikely |
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I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.
You've gone from a good poster(postin bullish stuff) to Fonzie/Mah(postin bearish/critical stuff) status in a short period of time. Welcome to the ignored group. FTFY You will be shunned from the cult if you don't cheer along mindlessly! I myself have discovered that it's more dignified here to be the controversial figure who doesn't fit in very well. Because those who are weak spirited and easy to manipulate, seem to fit in best. It's like that with every other cult. I would NOT call affiliates in this group a cult... that's just baloney talk... some people agree with others and some people substantiate what they say..and some people follow easily... there is a mixture herein.. also there is a mixture of bears and bulls and some back up their statements better than others.. Does NOT seem to rise to the level of any cult. in my thinking... |
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Anyone that's been around bitcoin for a while has seen this before, investors are patiently sitting on the sidelines waiting for the bears to run out. Anything other than that would be a poor strategy as bitcoin has a good history of repeating patterns, check the end of the fall from the rise in April EDIT: August 2012 is probably a little closer to the current situation, not much in the difference though. I am more or less in agreement with you; however, how do we know that they are waiting exactly.. b/c we cannot see money on the exchanges.. and then how fast can they get their money into BTC, if their money is NOT on the exchanges? |
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I just feel sorry for Jorgi. With the Chinese exchanges most likely shutting down and/or moving elsewhere, he'll need to find a new, unimportant, meticulous, and painstaking data and stats hobby now that there will be no information about when the fucking Chinese people sleep. Going to be a bear market for Jorgi and his misguided fact checks. Yes, sniff sniff. And no more Chinese Slumber predictions.  Perhaps I can still use the method to predict the number of pages in this thread.  You will have to figure out some kind of new Quackery system to maintain your relevance and your current notoriety on this thread. |
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For every SODL, there is more dirty fiat hiding and waiting to buy back. Really? Is that why the price has been going down for months? Yes the price has been going down since December 2013; however, the price has been going up since January 2011. Thts whts drives such a market posed to lift off.. You can't find anybody who doesn't like the hodling technique You found one. I don't like the holding technique. For one, it assumes that bitcoin is immortal and that it's upwards growth and price trend are infinite. I do not have such a faith. Have a stubborn hold mindset about any investment and one day you will end up going down with a sinking ship even when the chart told you a hundred times that you needed to sell. I agree that there is nothing wrong with that kind of healthy skepticism. That is why a large number of people in the bitcoin space are expecting bitcoin to have a lot of upside potential. So, yes, maybe you will find some other investment that is more suitable towards your risk tolerance and your comfort level and your feelings /assessments about future potential. I get the sense that as you are leaving, there are plenty more people willing to buy your bitcoins and to take your place.. and bitcoin is like no other investment... .. .... though you can find what is suitable to your own.. situation and needs.. |
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For every SODL, there is more dirty fiat hiding and waiting to buy back. Really? Is that why the price has been going down for months? Yes the price has been going down since December 2013; however, the price has been going up since January 2011. |
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YOU only have to pay when you cash out; however, if you have used your bitcoins to purchase various items, then you may NOT have gotten a gain... I think that there is some discretion on how to figure it out.. so yes, maybe you will have to do some finagling.. its reasonable to assume they dont care about buying a beers and a burger at a bar with some bitcions but if you buy a lambo with mad bitcoin profits.... Goat! I think if you buy a lambo, then you better figure out how to make that long term rather than short term capital gains.... ... .. and surely, more difficult to hide a lambo... Is that why you were drunk off your ass the other day, Adam? trying to avoid your uncle.... hehehe sam that is... |
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YOU only have to pay when you cash out; however, if you have used your bitcoins to purchase various items, then you may NOT have gotten a gain... I think that there is some discretion on how to figure it out.. so yes, maybe you will have to do some finagling.. |
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loving the volatility as anything else seems unhealthy in Bitcoin markets! Still waiting for that dip to the 3s to buuuuuyyyyyy!!!
It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte Yeah may I borrow your crystal ball pls! I wanna buy moar.. magic 8 ball works better. i did what the site said, i contrasted very hard on the question "will bitcoin go into the 300's"  and the first answers wasn't exactly conclusive... so i asked again just to be absolutely sure  so there you have it! Hey for the ones here criticizing line drawing, this 8 ball may be better? Even though I am NOT going to use it, THANKS ADAM. This method may help some people who may NOT have yet figured out what to do.... ... My default if I do NOT know what to do is HODL, which is NOT exactly unique.  |
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Is the retrace over already? If you want my advice, this retrace will not be over for many hours if not days, and even forever. Today was an exercise in picking bottoms for longs. not a good day for opening shorts. Dr. Ly, if you ask me, ask chessnut about that tomorrow. You might get completely different answer Seleme, you always misunderstand me. dont mock me. I talk in probabilities, when I note the market is changing, it has strategical significance, not always long term weight. I never knew there was going to be chinese FUD, and yet I sold spontaneously at 577 because I was flexible enough to change as the market changed. dont follow my advice if you dont understand it. I don't mock you mate, chilling a bit . Though I don't like TAers who change their mind on such short terms as you do. I've added this to my post: Though I almost agree with him. WOn't give any bold statements and it might go down from here again but I can smell trend reversal coming soon. I don't see lot of interest of selling under 500$. Some predictions are more all over the place than others, and sometimes, the seeming internal contradiction may just be due to hitting "POST" too early. Occasionally, I have been guilty of such lack of clarity and internal contradictions. And, sometimes, if we are NOT really sure which way we are predicting, we may have a tendency to express that in a less than clear manner. |
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loving the volatility as anything else seems unhealthy in Bitcoin markets! Still waiting for that dip to the 3s to buuuuuyyyyyy!!!
It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte Yeah may I borrow your crystal ball pls! I wanna buy moar u lucky SOB.. Surely, each of us in this thread come to varying conclusions about the probabilities of one thing happening or another thing happening, and some posters will have better abilities with these predictions. I certainly am NO expert, and my comment reflects my pessimism that we are going to get into the 300s... Three weeks ago, I believed that we would NOT get into the $500s and about a week ago, and even a few days ago, I was pretty pessimistic about the possibility that we would get into the $500s - actually, I believed we would NOT get below $530. So, I do NOT have any specific insight concerning the direction of BTC.. yet my comment reflects my sentiment. If I wanted into BTC, I would NOT wait until $399. I would likely buy in increments, including buying today. However, it sounds as if you have a different buying strategy. So for example, if you already bought a bunch of BTC at lower prices, then you may be willing to wait for $399 or whatever your buying point happens to be. Currently, my next buying point is at $460-ish, if the price gets there in the next 24-48 hours. However, if the price shoots up to $550 and then back down, I may buy again at $500. So, each of us may have our own strategy, and certainly, I am NO expert...especially regarding your own situation. |
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