Only people with coins can dump  |
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Yep likely further attempt on 450 soon if that fails to hold then the shorts will begin to burn..
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Steady buying from those people who didn't see the news right away. Bitcoin moves fast.
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Do you guys really think the buying public is going to turn on a dime after getting screwed so hard on the last rally, in a bearish downtrend, just because some dumbass rich people decided they'd drop a few million? Or that these institutions and whales have enough fiat to keep this afloat (as if they want to?) for however long it'll take to rebuild the public perception of BTC? Man they've got a lot of you trained good. Hope you all didn't panic buy too much.
Price leads sentiment. You may correlate the newsflow with market movements but they aren't really relevent. If the price starts going up bitcoin will do its thing - again. No offense, but you're delusional if you disagree with me. Ha. I must be deluded then. Yes you are right all bear markets continue forever. You think the general public buys the bottom of a bear market? Really? I'm not suggesting that bear markets continue forever, but they don't rebound off a slaughter within 30 minutes, either. Lets see what happens. But you ignored my point which was that at times like this when the FT is announcing the end of bitcoin the great unwashed are not out and about value investing in bitcoin. They will buy back in much later. |
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Do you guys really think the buying public is going to turn on a dime after getting screwed so hard on the last rally, in a bearish downtrend, just because some dumbass rich people decided they'd drop a few million? Or that these institutions and whales have enough fiat to keep this afloat (as if they want to?) for however long it'll take to rebuild the public perception of BTC? Man they've got a lot of you trained good. Hope you all didn't panic buy too much.
Price leads sentiment. You may correlate the newsflow with market movements but they aren't really relevent. If the price starts going up bitcoin will do its thing - again. No offense, but you're delusional if you disagree with me. Ha. I must be deluded then. Yes you are right all bear markets continue forever. You think the general public buys the bottom of a bear market? Really? |
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Do you guys really think the buying public is going to turn on a dime after getting screwed so hard on the last rally, in a bearish downtrend, just because some dumbass rich people decided they'd drop a few million? Or that these institutions and whales have enough fiat to keep this afloat (as if they want to?) for however long it'll take to rebuild the public perception of BTC? Man they've got a lot of you trained good. Hope you all didn't panic buy too much.
Price leads sentiment. You may correlate the newsflow with market movements but they aren't really relevent. If the price starts going up bitcoin will do its thing - again. |
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Dead cat bounce.
350 in a couple of days.
You hope so lol. |
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I want everyone holding bitcoin to do well. But a tiny part of me is hoping that falllling/sevvero/exocytosis etc got caught in this move. Yes i am a bad person.
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Lots of pent up buyers waiting to jump in..
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How much further up until the shorts are squeeeeeezed ?
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Nice little buy after the paypal news. If we get some upward momentum from a short squeeze and bears rebuying then this could bounce quickly. Perhaps. |
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The author Izabella Kaminska is a Bitcoin troll who's been writing garbage on the topic for a long time now. Her opinions on Bitcoin are totally discredited and she writes about the subject with a delusional confidence only matched Leah McGrath Goodman. You're better off reading r/buttcoin.
But but but she's an economist!? Yep the bottom is surely close if the MSM are reporting the end of bitcoin again. |
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Goodbye Bitcoin it was nice knowing you !!!
Have just cashed out and dont think I will be coming back :-( seems like the whales are killing the geese that lay the golden eggs !!!
Nice try. I am 100% serious If you need your money fine. Not sure selling below 400 is a great price. |
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I'd like a certain prediction please. Someone with the gut to say "we're going up" or "we're going down". Dumping or buying at this volume is just a joke. What exactly are we talking about here? mBTCs per HOUR? I think I will pass for a couple of days...  https://bitcoinwisdom.com/markets/bitstamp/btcusdWe're going sideways, then down, then sideways, then down, etc. It can only be stopped by stamp installing Willy (China can't because PBOC will be pissed) and tricking the world into believing that the world is going nuts for bitcoin (lol). All trends go on forever. Quite right old chap. |
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one step closer to the edge, you bitches better start dumping.
Yes why are they not dumping? Are bears waiting for someone else to do it or do they think the timing is wrong!? Seller exhaustion. Anyone other than a miner who was going to sell has already. Everyone (including all the trolls) screaming the end is nigh sold long ago and actually despite being very vocal exert absolutely no effect on the price whatsoever. It would be nice to see a high volume reversal after another bear raid below 400 but if we stick here for some time I can see the price moving up without it, given how oversold we are. There are a lot of people wanting to buy back in.. Sellers don't look to exhausted to me although volume has been lower today compared to previous days. You could be right about sideways movement lead to a rise. This is kind of what I was hoping for and why a bought a small amount (also because I always like to buy a little at the bottom of ascending lines). Also the whipsawed could indicate a change.. Although I think that whipsawing indicates in bull markets indicate that a bear market is on the horizon? On the horizon? I think we have had the vast majority of the bear market! This is the full stop at the end of the sentence |
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Appearances can be deceptive. All we know for sure is that on exchange there are more bitcoins for sale than buyers at the moment. Bitcoin's inbuilt inflation is decelerating with each block halving yet the price has risen throughout that time with bubbles and bursts. Why is this any different from before?
This is starting to remind me of those discussion with jorge, when he wants to find out the definitive "reason" for each rally or crash  Keep in mind, I believe that technicals rule the market, or maybe the slightly weaker claim: market sentiment (which doesn't require external reasons) heavily factors into the interpretation of the fundamentals, to the point where it makes sense to say "technicals rule the market". So, the answer is probably somewhere in between cyclical market sentiment, professionalization of mining (with higher ratio of coins sold vs. coins held), professionalization of trading (with more emphasis on short term profits), lasting negative influence on user confidence from mtgox failure (something that this forum is very reluctant to accept, imo), and uncertainty if growth of user adoption is accurately captured by an exponential growth function (I know, hashrate very clearly is, but that's not the same as user adoption). Sounds about right Oda. Neat summary. |
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