We're easily breaking 350 today. Only a few cultists are buying a couple of satoshis. The rest of the Bitcoin world is selling BTC in massive quantities.
So who is buying all the sold BTC? Makes me wonder. Ah. Now that is the question..  I see the usual suspects (trolls) are conversing back and forth. Bitcoin price is easy to move up or down or manipulate with enough money and desire. Sentiment is driven by price, with recent weakness demonstrating that to good effect. Whoever is buying up the coins on the cheap will simply guide the price back up after a decent chart reversal is painted. All those who sold will hop back on board and this an new entrants to the market will drive the propel the price up to break the ATH and beyond. The trick is to ignore the trolls who know the above but try to magnify the market moves for profit, and instead buy when it seems bitcoin is all over (hint: not long). A quarter of a billion in VC money in the last year and the largest online companies in the world integrating bitcoin suggests this time is not different and the price will rise again. |
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Someone has bought a lot of coins over the last few days.
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Who will start first ?
Hopefully the noisy 17 year olds trolling on here like sevvero. |
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Sellers will exhaust soon enough.
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All the coins dumped on exchange have moved from sellers/manipulators into buyers hands. A quick scan of the orderbooks on bitcoinwisdom reveals a surprising lack of asks.
btc-e 367 coins to 430 (now 400)
stamp 1900 coins to 450 (now 417)
finex 1400 coins to 450 (now 417)
No real buying pressure yet, but when it appears then the price could move upwards a lot faster than downwards methinks..
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A 1k dump at 417.
Really, that is all you need to know about the market for the last few months.
Yes sophisticated traders often dump 400,000 dollars worth of coins in an instant to obtain best price. Ha. EDIT: Oh and can the mods please silence that little shit sevvero please.. |
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Why are mods deleting threads on here? What do you have to hide?
Actually I commend blitz on his moderating today. Must be tiresome task. |
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is it safe to buy now?
Wouldn't bet on that... 1k sell on stamp and we are at 410$. Problem is that there is no f* support!! No visible support. |
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Fuckit I've just broken my rules and majorly bought into a downtrend.
Let's see what happens..
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Op will profit very much at the end if the hodl well.  OP is now homeless, his family hates him and his friends think he is a retard. I'd kill myself in that position. Wonder if the HODL memes will be funny when price is sub $100. God damn delusional ostriches. OP, your father is rolling in his grave what a dumb son he had. All he needs to do is hold, everyone told him that there would be a despair phase! Bitcoin is going nowhere but up! Because past performance indicates future performance amirite? But you think since the price has fallen over recent months it will fall forever. Interesting. |
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350 will be the lowest
Says who? Crystal ball? Stop trolling you silly newbie |
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I mean there are lots of new merchants accepting BTC, and people spending BTC when they do, but essentially that is just like a lot of selling pressure. There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."
Also it seems most anyone who invested in the last 10 months is regretting it and will not risk losing money with BTC again, leaving less and less people using it.
Seems like a lot of blind optimism especially in this forum, but I now don't see any reason price will go up rather than down.
It seems that, for now, selling pressure from miners, merchants and early adopters is outweighing (significantly) demand. I think there will likely be another bubble, but it could be years down the road. (Or it could be next month -- less likely  ) To be sure, this year has been hard on those buying into long term positions. Yeah, and I think that a lot of those who were all for BTC may have changed their mind by now. Losing money could leave a bad taste in peoples mouth and could be actually reducing the user base. This does seem to be the case with lots of people "panic selling," and they may never buy any more BTC. I dont see any reason or evidence at all that there will be any buying prssure any time in the near future with people exiting daily. Evidence for falling userbase and people exiting daily? Or just pulling it out of your arse? I wouldn't go so far as to say the userbase is "falling"..... but by the nature of distribution, it would appear that many, many people have likely been exiting for months. Logically, many will not return -- just like any other investment instrument. Sorry can you explain what you mean by the nature of distribution. If your only evidence is a falling price then your arse it certainly is. |
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...
I maintain my earlier point, however, if there are means to identify problems (such as manipulation, if it is taking place in ways that are outside of "acceptable" limits) and then to figure out the least intrusive ways to resolve such problems - sometimes that may mean that the best way is to establish some kind of an oversight body... that has teeth that will minimize and/or prevent the problems (if manipulation rises to such level to be deemed a problem).
Sure. Bitcoin community is slowly reinventing the wheel. Unregulated markets caused problems, that's why people invented regulations and regulated them. Maybe we are saying, more or less, the same thing but using slightly different wording and emphasis? Regulation is NOT some foreign outside force that comes in and ruins the party - frequently what happens with any kind of community intervention (if you want to call it regulation) is that a problem evolves and is identified. Sometimes problems are identified as similar to earlier problems and the same (or similar) rules, policies and/or practices can be used to address the new problems, and other times complete rethinking needs to take place in order to address the newly evolving circumstances - and sometimes, through this whole process, communities will come to realize that their previous rules and/or practices were all fucked up... Surely, with bitcoin there is both new and old mixed in and there are a variety of mixed public policy incentives, including whether the government should consider bitcoin to be a friend or a foe.. and there can be both good and evil driving forces that are affecting the direction... regarding what actions should be taken, if any. Surely, it is really cruel and evil if somebody like Mark Karpeles runs off with your coins (if that is what really happened), but it also could be cruel and evil if the US government was involved in manipulating and or stealing those GOX coins or having some kind of hand in what happened with GOX. It may take some time before we find out, that is if the full and true story ever comes out. I wonder where would we be if not collapse of mtgox. $2000 ? or more ? Maybe some day we will know ... Karpeles will be looking over his shoulder for a long time to come! |
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Incidentally previously someone was watching a few whale addresses to see if they were accumulating or selling during major market movements. It would be interesting to see some up to date analysis with regard to this.
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Any pocket money flowing into alts will come right back to btc at the first sign of upwards movement.
Whoever pushed us down this far can make their next move. Unless it is a central bank fucking with the price then we go back up, and hard.
If buying at market lows was easy everyone would do it!
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I mean there are lots of new merchants accepting BTC, and people spending BTC when they do, but essentially that is just like a lot of selling pressure. There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."
Also it seems most anyone who invested in the last 10 months is regretting it and will not risk losing money with BTC again, leaving less and less people using it.
Seems like a lot of blind optimism especially in this forum, but I now don't see any reason price will go up rather than down.
It seems that, for now, selling pressure from miners, merchants and early adopters is outweighing (significantly) demand. I think there will likely be another bubble, but it could be years down the road. (Or it could be next month -- less likely ) To be sure, this year has been hard on those buying into long term positions. Yeah, and I think that a lot of those who were all for BTC may have changed their mind by now. Losing money could leave a bad taste in peoples mouth and could be actually reducing the user base. This does seem to be the case with lots of people "panic selling," and they may never buy any more BTC. I dont see any reason or evidence at all that there will be any buying prssure any time in the near future with people exiting daily. Evidence for falling userbase and people exiting daily? Or just pulling it out of your arse? |
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Risto wrong yet again. Does anyone actually take this guy seriously?
Obvious trolls like you certainly aren't. |
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"People have left the party as the gold story becomes boring for many investors," John Stephenson, portfolio manager at Stephenson & Co., told the news service.
"The world is not falling apart, and the market has shrugged off the political developments. At a time when higher interest rates are knocking at the door, people don't see the need for gold."http://www.newsmax.com/Finance/UBS-gold-Fed-dollar/2014/09/16/id/594964/ I did sell almost all of my gold earlier this year in tranches. I will keep a small %. Markets are buoyed by one thing and one thing only - expectation of central bank buying. I would be extremely surprised if the fed actually taper QE significantly. After all a rising interest rate will hammer asset prices and who the heck is going to buy the bonds!? |
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congratulations, in a few months you can buy double for the same amount of real money
You know as much as we do, nothing. He is definitely a John Snow. |
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short are spiking even higher
now breaking 8K BTC in shorts
everyone cut your looses~!
Are you really this emotional adam? YES! no idk * shits a brick * I'll have whatever HE is having! |
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