 ...and still not believing you. He posted his address... |
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It has nothing to do with the newly mined coins. Really annoying hearing people spout that nonsense.
Like, totally! I mean, how on earth could an increase of the monetary base by about 14% this year lead to a lower evaluation per unit if insufficient speculative or usage-driven capital enters the market to counter that inflation. What a preposterous throught. It didn't happen with the usd denominated bonds, so why should it, in bitcoin? Already answered, now in bold. (The same old disclaimer as always: no, I'm not a "Bitcoin skeptic", or "perma bear". Just pointing out a possible, quite likely in fact, reason for the long price decline we're seeing.) The point is, the mining of new coins is not causing the drop. Proof: last year new coins were mined at the same or higher rate and the exchange rate increased. New coins create downward pressure but that effect has existed since the dawn of bitcoin. Alright, I'll paraphrase: There is a strong pull downwards by the inflation inherent to Bitcoin's emission phase. Without major influx of new capital, this will greatly depress price. It appears that this year the influx of capital is not sufficient to overcome the downward pull from emission.But I suppose your question is: what is causing the reduced influx of new capital, compared to 2013, for example. 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? |
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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.. |
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Was ready to discuss potential mid week down fall..then realized i'm in a fallin thread.
Yes I was wondering yesterday whether creating a new forum would be a good idea. Torque pointed out quite rightly that good objective bear analysis is lacking, drowned out by the rubbish troll threads. |
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Why do you think this? What are you basing this off of?
I need not justify my wisdom Oh shut up with your bull FUD. Your "wisdom" means nothing and you're just trying to convince yourself that you didn't make a huge mistake putting your life savings into Bitcoin much too soon. Bull fear uncertainty and doubt? Do you actually read the tripe that you post? Hence why I wrote it as "bull FUD" and not just FUD you fucking idiot. I guess I could have wrote it as "circle jerk" .. Do you have a better word for someone who is pumping the price with unfounded arguments? Of course you don't 'cause you're an idiot, idiot. And by idiot You are an angry little man aren't you? Based upon that, I suppose the answer is a definite no. |
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Wish we had an etf to invest in already. Then i could buy through my trading account and keep it in my tax free wrapper. Grr.  If it were that easy, everyone would do it - and you'd get a lot fewer. It's worth the extra clicks and wrapper loss to stock up early. Yes everyone will do it |
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Aaand, added OP to my ignore list. I suggest you all do the same.
Very strongly considering it, but he is just above my retardation cutoff. At least he uses whole sentences and real words. I used to have the same principle. Only "full retards" went on my ignore list. But then newbie jail was abandoned. And one fallling sockpuppet after another appeared. And shroomskit's passive-aggressive rants during. every. fucking. drop. really got on my nerves. So I started handing out ignores more liberally. Troll, smart or not, goes on my ignore. I make one exception, for jorgetrollfi, because he's our resident anti-Bitcoin celebrity. Xiao here went on my ignore about a week ago - for manipulative book talking at its finest. I think removal of newbie jail has worsened the forum considerably. How is it a good thing for the majority of posters to have to /ignore a lots of new posters on a regular basis? Casual visitors or newbies to the site also have to contend with a significant number of book talking troll manipulation threads like this one spamming the front page, and drowning out anything of meaning or value. Blitz: perhaps you could look into reinstituting newbie jail? Problem is, xiao isn't a newbie. He just decided to take an influence on the market, and posts accordingly now. Even possible that he sold his account. Doesn't really matter though what the reason is: my point is, newbie jail doesn't help for cases like this (and stupid as this thread is, it doesn't warrant deletion either). But agreed on the request to get back newbie probation. There's a petition in the 'meta' forum asking for exactly that, but it looks like theymos (who's realistically the one to address in this matter) doesn't see the need to do so :/ True this garbage thread will probably remain undeleted. Newbie jail would stop the proliferation of troll alts from spamming the main page with threads though. Maybe a PM to theymos may help. |
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Why do you think this? What are you basing this off of?
I need not justify my wisdom Oh shut up with your bull FUD. Your "wisdom" means nothing and you're just trying to convince yourself that you didn't make a huge mistake putting your life savings into Bitcoin much too soon. Bull fear uncertainty and doubt? Do you actually read the tripe that you post? |
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i'd like to remind everyone that if you buy bitcoin and it goes down on you, you can and should delaire capital loss. today is a good day to buy.  Nah, this definately looks to go further down Turned bear? |
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Aaand, added OP to my ignore list. I suggest you all do the same.
Very strongly considering it, but he is just above my retardation cutoff. At least he uses whole sentences and real words. I used to have the same principle. Only "full retards" went on my ignore list. But then newbie jail was abandoned. And one fallling sockpuppet after another appeared. And shroomskit's passive-aggressive rants during. every. fucking. drop. really got on my nerves. So I started handing out ignores more liberally. Troll, smart or not, goes on my ignore. I make one exception, for jorgetrollfi, because he's our resident anti-Bitcoin celebrity. Xiao here went on my ignore about a week ago - for manipulative book talking at its finest. I think removal of newbie jail has worsened the forum considerably. How is it a good thing for the majority of posters to have to /ignore a lots of new posters on a regular basis? Casual visitors or newbies to the site also have to contend with a significant number of book talking troll manipulation threads like this one spamming the front page, and drowning out anything of meaning or value. Blitz: perhaps you could look into reinstituting newbie jail? |
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Wish we had an etf to invest in already. Then i could buy through my trading account and keep it in my tax free wrapper. Grr. |
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I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!
don't you have enough coins? maybe you want to wait for price to go full retard b4 buying? It wouldn't effect me if the price of bitcoin went to zero particularly (other than disappointment at the failing of a technological marvel). It is one of those situations where IMO there is a great probability of a retest of the ATH before the next halving. It seems strange to me sometimes to keep discipline and maintain a diversified portfolio when an opportunity to get in presents itself like this..Especially when the price could even get better..And no i want more coins |
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I'm getting kind of old, in my late 20s. I've made a lot of mistakes in my life, but I really feel bad for the folks in their late 30s, late 40s, 50s, etc, who have spent their kids college funds/ mortgage on high risk cryptos.
And now they are just in a state of utter shock, wondering why they their money hasn't quadrupled like the early investors. Hey man, you've been a plumber all your life, stick with it. Do what you're good at. Stop trying to get rich quick. Quick money is no money.
Proverbs 13:11
With that being said, i'm afraid things are going to go further south. Not the slightest of dead cat bounce sub 400. That is scary. a bit over sold, but way over bought for way too long. 1 click of the mouse, and this thing hits 200... yes one drunken night from an early adopter, and this thing hits the fan... come on.
Nobody is trying to buy btc right now for btc... ppl buy gold for gold... ppl buy btc to sell btc at a later point.
Folks, don't risk it trying to get rich. What good is it to gain wealth and lose one's dignity and risk it all?
This is pretty low manipulative tripe even for you Xiao. |
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I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!
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It's amazing how many forum dwellers didn't understand that the bear market was still going on. Waiting for a bubble that couldn't come. Many of them might turn bears close to the bottom.  How much lower can it go? It seems to be falling endlessly.... Let's see. |
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You really need to show some proof, if you know there's been a big dump or going to be then put a link to it.
Anyone can just say it's going down, you're got a 50/50 chance that your going to be right.
Not really, considering we're in a downward trend entire year, more like 80/20 or 90/10 Not sure your maths is quite right there chief |
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There is no way you can predict prices 100% all the time. This isn’t news it almost reads as
a script to get people to panic sell
Ding ding..we have a winner. |
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...
Gains in the future may still be massive but I think what newbie saying is that there is less of the road to left to travel for bitcoin now.
On the contrary, this is where it starts to get interesting. The concept of bitcoin, of decentralized public ledgers to ascertain ownership of something, is only starting to be explored. In times of global surveillance and ever restrictive governments that limit personal and information freedom we need tools to counter these measures. Bitcoin, not the protocol but the idea, is one of them. Excellent point. I was discussing Bitcoin specifically, but you are right the really exciting distributed ledger applications have only just begun. |
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BTC please feel free to stay at this price for another month or so, then a several order of magnitude rise would be nice. Thank you.
Just another week would be great |
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Bitcoin has less potential than it did a year ago (Gox, governments, regulations, competition, etc., etc.).
I don't get this at all.   Think of it as a girl you really liked. Before she ever wrongs you, you rightfully feel that she is perfect and can do no wrong. Over the years, she nags you, probably acts abrasive here and there, and twenty years later you are married to the hag and hate her. Bitcoin, like that girl, at one time could do no wrong so our valuation of her was very high and we looked at the potential. Some s--- went down and we know that she can do wrong. We may stick by her side, but the value we are willing to put on her is not quite the same as before s--- went down. This will be true even if she acts in her most wonderful form from here on out. The dream is dead. That doesn't mean the reality is stark or sad... it may actually be a great one. But, yes, she can do wrong and that has an impact on the potential range of values we'd expect for her. Slightly strange analogy there When bitcoin was created it was a vast well of untapped potential but also unknown and worthless. As the community, infrastructure and utility of bitcoin have increased so has its exchange rate as this is priced in. Obviously the years of multi-thousand % gains are gone. Gains in the future may still be massive but I think what newbie saying is that there is less of the road to left to travel for bitcoin now. |
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