Funny that the market takes so long to find a bottom while we here already established long ago, empirically, that the bottom is right above the previous rally's ATH  So I've known since January that we will bottom out above $260, and also known that we'll stop above $32 last April. How much will be the gap between actual bottom and the previous ATH is an unknown in the equation, determined by how this reverse (also known as "dutch") auction for cheap coins will unroll and how low people with money will allow it to drop. That's how it's always been so far.... I am willing to bet you this time around we may actually dip below the previous $260 ATH and this will bring REAL fear even to supporters like you. I agree that $260 should be a hard bottom, but things have been different, bitcoin is unpredictable and sometimes the fear needs to run deep before the next few lucky people can become rich You turned bearish all of a sudden! I think a drop that low will do bitcoin some serious damage in terms of adoption and will delay things by another year or possibly to the next halving. |
|
|
|
|
Can someone remove falllling (gameoverd again), blitz?
|
|
|
|
 no wonder price is dropping. I am a bull obviously. But arent we heading for a historically high short: long ratio? shorts : long ratio interesting... yes looks like that is were we are headed, looks like it was higher b4 price did ~450 to ~650 but i feel really bearish these days, so i'm thinking this is going to get much worst b4 it gets better 5k coins to 360 on finex, 1500 coins to 400. We aren't seeing any follow through selling after the multi exchange dump. They need followthrough selling to get momentum going and it isn't there yet. Painting the chart nicely though. |
|
|
|
Do you have an active short position eurotrash? I only ask because you remained extremely vocal and bearish during the paypal spurt back up to 450.
No. Coins in cold storage. Stopped trading a couple of months ago. My coin count is unaffected since then. Interesting. Were you around in 2011? Does this feel like that in terms of rock bottom sentiment/trolling etc? |
|
|
|
no wonder price is dropping. I am a bull obviously. But arent we heading for a historically high short: long ratio? Edit: gameoverd is fallling..begone! |
|
|
|
Funny that the market takes so long to find a bottom while we here already established long ago, empirically, that the bottom is right above the previous rally's ATH So I've known since January that we will bottom out above $260, and also known that we'll stop above $32 last April. How much will be the gap between actual bottom and the previous ATH is an unknown in the equation, determined by how this reverse (also known as "dutch") auction for cheap coins will unroll and how low people with money will allow it to drop. I think that last point is a lot more significant right now than one might think at first glance. Will be interesting to see how it unfolds! In agreement. Problem is there is a big price range from where we are now to a potential final capitulation bottom that falllling et al want to buy in at! The way I look at it is: this isn't the end of bitcoin it is simply a transient bear market as part of a larger bull market. Buying here is therefore great value even if I cannot perfectly time the bottom, which will only become clear on a chart from the future. |
|
|
|
|
Interesting looking at finex..
Price currently 372
1700 coins to 400
1600 coins to 366
Come on buyers..
|
|
|
|
Ok big dumps came sooner than expected.
Support now is weak.
If we see real panic in a few hours I wouldn't be surprised.
Going down.
Man with open short contracts predicts large price falls.. Support is weak? 8000 coins to 2000 cny, 6000 to 2600 on huobi. Perhaps you know something we don't about the orderbook. Orderbook doesn't mean a lot tbh, it was 5k to 2300 15 hours ago. I was expecting a bounce to 410-420 but this looks very bearish. Yeah the selling isn't good, even if it continues from likely a small number of players gaming the price. I was taking him up on the support is now weak statement.. |
|
|
|
Funny that the market takes so long to find a bottom while we here already established long ago, empirically, that the bottom is right above the previous rally's ATH So I've known since January that we will bottom out above $260, and also known that we'll stop above $32 last April. How much will be the gap between actual bottom and the previous ATH is an unknown in the equation, determined by how this reverse (also known as "dutch") auction for cheap coins will unroll and how low people with money will allow it to drop. Methinks: if a certain market bottom (or top) is taken for granted by the majority, it likely isn't granted to happen at all. In fairness I still see a likely bottom around 250 but I don't discount a quick dip below 200. Not that I'm going to take any coin out of cold storage because of this. Do you have an active short position eurotrash? I only ask because you remained extremely vocal and bearish during the paypal spurt back up to 450. |
|
|
|
Ok big dumps came sooner than expected.
Support now is weak.
If we see real panic in a few hours I wouldn't be surprised.
Going down.
Man with open short contracts predicts large price falls.. Support is weak? 8000 coins to 2000 cny, 6000 to 2600 on huobi. Perhaps you know something we don't about the orderbook. |
|
|
|
|
We are currently near the lowest prices for the year of 2014.
Noone actually knows where this bear market will end. Noone knows the reason for it in actual fact.
If you want to acquire bitcoin as a high risk investment then beginning to acquire a position here is a great entry point with massive upside and some real downside risk also. Bitcoin is always risky. Waiting for an upturn in the price will mitigate some risk but be difficult to time as the price will likely rapidly climb away from the low.
I love that if you are a bitcoin bull and cite the long term bull market with hype cycles you hear the usual 'past performance does not predict the future' from bears. Then the very people criticising you focus on an extremely recent part of the same chart which just happens to slope down to predict further price falls!
|
|
|
|
As the price slides inexorably lower remember why you bought bitcoin in the first place.
The market manipulators are trying to shake out weak hands. It is no coincidence the bear trolls come out to play as the price weakens (but curiously disappear as the price rises).
Technically as long as bitcoin doesn't drop below 440 this is noise. Even if it does dip lower or even briefly touches 3xx a high volume reversal there will signal the final bottom is in.
Remember it is in no one's interest, not the holders, not the miners, not even the sell and hope to buy lower crowd for the bitcoin price to collapse.
If bitcoin was a good buy at 600 then its an even better buy at 460.
It takes balls of steel to hang on in a bear market like this. Bitcointalk is littered with posts from people who sold out in 2011, 2012, 2013 only to miss out on the next surge. In every case hanging on or buying more paid off handsomely. In every case the bears and trolls were wrong.
The market will turn soon..
Ball of steel is a good reason why many traders go broke. This thread isn't for traders. It is for those holding bitcoin as a speculative long term punt. Traders can do what they want! |
|
|
|
Trend is still going down and will remain this way until some good news come a long.
We have had an almost total absence of any bad news with lots of great news for the last few months. Not sure what you are expecting? In any case price leads sentiment. When the price turns so will the bullish sentiment magically return. When this big player(s) stops selling I suppose. |
|
|
|
Count me in |
|
|
|
Yep exciting for sure. Great time to accumulate IMO.
It has been for some time. But the all time high for adoption is useful. I have some capitalists who've been waiting for a shift in fundamentals like this. I don't see the walls of the so-called manipulators lasting very long now. Who knows. I get the feeling if we break higher it will quickly move up a couple of hundred dollars. We need what five million people globally to start building a small position in btc to send us to the moon again? Circle and etf makes this likely IMO. Only question is when. If I get to buy more coins at this price for a few more months I'll be happy! Looking forward to necroing some threads from the bears after the next pump.. "Great times, i'm buying all these cheap coins and when i'm done 5 million people will get in and we'll go to the moon". You're so simple minded it makes me cringe. You mean like the last three adoption driven bubbles? You mean like buy low sell high? Edit: don't reply you are back on ignore so I can't read it. |
|
|
|
Yep exciting for sure. Great time to accumulate IMO.
It has been for some time. But the all time high for adoption is useful. I have some capitalists who've been waiting for a shift in fundamentals like this. I don't see the walls of the so-called manipulators lasting very long now. Who knows. I get the feeling if we break higher it will quickly move up a couple of hundred dollars. We need what five million people globally to start building a small position in btc to send us to the moon again? Circle and etf makes this likely IMO. Only question is when. If I get to buy more coins at this price for a few more months I'll be happy! Looking forward to necroing some threads from the bears after the next pump.. |
|
|
|
|
Yep exciting for sure. Great time to accumulate IMO.
|
|
|
|
why hold when you can buy. Going to love this run up once the shorts get squeezed and the money on the side lines goes back in.
When it finally starts to rip upwards epic will be to small a word to describe it.. |
|
|
|
...
No money lost as I haven't sold, sorry fallling.
... Detailed description of my revolutionary new market strategy, 100% scientifically guaranteed never to lose money: 1. Buy. 2. Never sell. 3. ? ? ? 4. Profit! Equivalent to throwing coins into a well. Physical coins might be worth more soon at this rate! At least you can sell physical metal coins for scrap if they become worthless, and you can wipe your arse on bank notes if they become worthless. You can't use bitcoins for anything if they become worthless. Good job neither you or the previous three posters have any then! Correct, I have sold all my BTC & continue to sell everything I mine!!! Just like all the whales & smart money are doing... Go get sucked into the bull trap yourself! Don't be silly fallllling you don't even mine btc. That requires resources other than an internet connection and questionable English language skills. Falling?? Dude I've been running a 1.2TH/s machine, that I bought secondhand, for a while now....... Selling every piece of coin I make & buying back BTC at flash crashes just to dump it again when you fools buy it for more $! I already made return on my investment since I got my machine for cheap. Im not one of those fools spending $3-5k on a pre order of machines. Bitcoin community is full of fools that get scammed and washed around easy because you're all just trying to get rich quick! Thanks for denying I even mine LOL It's like you claiming BTC will be $100,000 soon LMFAO You have no idea wtf you are talking about, go start a business or "digital currency" of your own so you can actually make real money instead of being a sheep! MOST OF YOU HERE ARE SHEEP. FOLLOW THE HERD, NERDS!!!You come across very badly with this and the majority of your posts. Telling others what to do, screeching abuse, it's pretty juvenile stuff. I would say holding a speculative position in btc is far far removed from being a sheep in the herd, even now in late 2014. I know lots of professionals in their thirties and none hold bitcoin, most barely recognise the word. This forum and reddit are a bit of an echo chamber. There was a thread suggesting btc has reached peak investment potential which could not be farther from the truth. Bitcoin in my mind is a binary assymetric bet. If it goes to zero then I lose a small percentage of my portfolio and my brothers will kid me about it for a year or two. If it pays off then it will be fantastic for me, but also more importantly for the world in general. You can try and get rich quick thinking the rest of us are fools. But perhaps we are not all as foolish as you think  |
|
|
|
That would require a much higher money velocity which is the opposite if bitcoin now. It would be just as susceptible to hoarding to drive up value as now so I don't see that as likely. I'm a newcomer to Bitcoin, but I got interested in it for online gambling purposes, not as an investment vehicle.
Is it possible that with more and more people getting into Bitcoin and more and more services accepting it, the price will continue to go down as people are now actually using them for things instead of hoarding them?
I mean, say Bitcoin goes back to dollar parity and pretty much the whole world is using it. It would still be considered a gigantic success.
This statement makes no sense at all. Why does that not make sense to you? Seems pretty clear what he's trying to say |
|
|
|
|
Show Posts
