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A sudden move up towards 500 and watch those walls melt away and the shorts burn.
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Good luck to the speculators actually, they add liquidity and depth to the market.
Thumbs up! For all the hate that TA/traders receive on this forum, this is very much true. It's funny, but I've actually seen HODLers on this forum claim that traders cause the volatility. Well, just imagine if there were no traders -- empty order books. Imagine the spikes then! More likely, the volatility comes from the fact that bitcoin is a revolutionary new asset class in an illiquid, unregulated market.... On this we agree. I view speculators generally as a zero sum game. Some win, some lose, the market wins biggest. |
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Price is still floating around 470$. A lot of news, nothing happens about price. :|
Some of us have suspected that someday someone will be wiling to lose money just to discredit Bitcoin. They will intentionally cause volatility and generally lower price. That person is called The Manipulator. Of course this is absurd. Or is it?  Seriously, some of us already know how the future unfolds for Bitcoin, we're just a little fuzzy on the time line. They call us perma-bulls but really it's about the big picture. *Puts on a tinfoil hat* It is obvious that a cabal of the central banks has a secret department tasked with inducing volatility in bitcoin, drawing on techniques used intervening in the gold market. We now know that the major commodity and stock exchanges serve central banks directly - not even through trading houses such as JP Morgan. Bitcoin is a direct threat to the fiat system and therefore a dirty tricks campaign started the very day I made my largest btc investment. They began by buying up bitcoin when it was relatively cheap through Mt Gox. This activity was noticed by traders and even named as the Willy Bot. As suspicions became raised they instead changed tack and continued to acquire bitcoins off exchange from miners, whilst constantly dumping on exhange to keep the price from rising. They use the coins they hold to deliberately sell on good news and sell large volumes during technically important market movements. They don't sell to get best price, simply to move the market. As a bad actor in the space losses are irrelevent - the goal is simply to depress the price and extinguish any hope of a bullish recovery in the minds of holders and traders. A further sub unit of this department exists and is a cyber espionage and social media cell which infiltrates commonly used websites and blogs related to bitcoin. Overwhelmingly negative and false information is spammed globally on a persistent basis using a variety of well worn arguments, insults and ad hominems. Should this fail the next step will be to link a middle eastern terrorist organisation to bitcoin and/or carry out some form of false flag operation resulting in a global ban on cryptocurrency. *takes off hat* Or we could just be in the depths of a bear market  |
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If only it were as easy to move the market as trolling on this forum -- why, I think I might be rich if that were the case. But as it stands....  Also, there is the fact that people think that random internet trolls are able to move the price that shows the true colors of this gambit... an extremely overpriced penny stock. It will go up some. There are enough idiots to buy in still. Moreover, the underlying concept of Bitcoin, the technological aspect, may actually be revolutionary and inform our future commerce. But, this s--- is just as institutionalized as the banks... we are saying that we are fighting the banks while rolling out the red carpet to Wall Street, we are celebrating a 10% discount at a website for using Bitcoins when the trades associated with those websites are certain to reduce the value of your holdings by at least that much. This is literally the stupidest s--- of all time. At least beanie babies gave you a toy to play with and to decorate your house. All Bitcoin does is cost people money on crashes, Bulgarian bullshittery, renegade bots, spreads, front running, poor execution of shorts (often a whole 2% away from where you set your short), expose you to excessive counterparty risk, and get you hit by fees on exchanges for trading and for withdrawing into fiat. Oh yea, and it has dropped 60% in the past year with a very obvious, albeit slow, trend towards continuing this all while bag holders sell you magic beans about how there is exponential growth and how many new people are using this (they are not). Oh yea, and it takes forever and a f---ing day, but let's not even go there. So, basically, the system sold out and doesn't serve it's original purpose. Have fun. This s--- is lame. Deuces mofos. I'll be back in a couple months to short this f---ing thing to the bottom. Steady on there chief. It is naive to believe that group opinion and sentiment cannot be moved by a little army of internet trolls. The NSA and GCHQ have had documents and stratagems for this kind of thing leaked into the public domain. Will it make me sell? Obviously no. Nor you probably. But throw enough muck and some sticks as they say. Do you have any evidence that bitcoins being used to buy stuff through merchants is depressing the price? Flaws with bitcoin exchange trading and leverage do not reflect on bitcoin as a concept or payment system. It sounds like you are just angry that your trading of a hyper volatile thinly traded commodity is going badly. Leverage is dangerous! |
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I was more interested in breakdown of bulls to bears and the proportion of coins they hold respectively. I am fairly certain that the majority of bear trolls on here simply want to buy a lot of coins at a price much lower than now in the hope of future gains.
Maybe. But you don't really have any evidence for this..... so relying too heavily on a baseless assumption like that may miss your expectations. Of course a bear ( who is a long term bull) wants cheaper coins. Actually, a bear who is short just wants cheaper coins -- to close his short. None of this means that they are wrong, either. I lack evidence that is correct. But it strikes me that extremely few people who see bitcoin as an imminent failure would spend the time to learn about it, move actual money onto an exchange with leverage and then short an incredibly volatile commodity which has gains thousands of % in the last two years alone. I would imagine even fewer would then spend the time that the trolls on here do, posting literally hundreds of posts each about bitcoin's impending price meltdown to all and sundry 24/7. It is far more likely they are just being dishonest (if trolling) and want cheap coins. I have no problem with people who see an imaginary line on a chart pointing down and decide to sell out and buy back in or short. Good luck to the speculators actually, they add liquidity and depth to the market. |
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Still 460? I mean the guy's got 930 in like 1 month, all of which bashing bitcoin!
Well exactly. It is obvious that there is a concerted effort to negatively alter sentiment on here by spamming every thread and creating numerous FUD threads. I posted a new thread to discuss the oddity of a hero member using the exact same wording as falllling in a post this morning. I suggested this individual could be controlling the falllling account and several others also. Blitz immediately moved the thread out of the forum. Wow so you really think he's making a difference, lol. It's now Falling's fault that Bitcoin isn't making money for people? I am sorry, but if Bitcoin cannot withstand a single troll who has notable grammar and spelling shortcomings then I really don't know what to say. I would love it if we could see an analysis of number of posts vs bitcoins held by user. I am sure that would be very illuminating! Yea, it would tell you, more or less, who was wealthy beforehand? =S So illuminating. Mid-size pseudo-whale snobbery... Oh, I have 100 BTCs, I am hot s---. Yea. We'll revisit just how cool you are in a few months when BTC is trading in the 250s band. Not sure it would tell you that at all, given the enormous price gains in bitcoin in the last few years. I was more interested in breakdown of bulls to bears and the proportion of coins they hold respectively. I am fairly certain that the majority of bear trolls on here simply want to buy a lot of coins at a price much lower than now in the hope of future gains. A few crazies are playing with leverage and will be likely wiped out no matter which way the market moves. Who mentioned 100 btc? And other than lines on a chart do you actually have any fundamental reason why the price will drop in half from here? |
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sure, willy was the sole reason of the price to move
Don't mention that gox was just ten percent of the global exchange volume during that time. Or that 'willy bot' has never been proven - just 'exposed' on a blog and released at a sensitive time to impact the price as much as possible! |
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Still 460? I mean the guy's got 930 in like 1 month, all of which bashing bitcoin!
Well exactly. It is obvious that there is a concerted effort to negatively alter sentiment on here by spamming every thread and creating numerous FUD threads. I posted a new thread to discuss the oddity of a hero member using the exact same wording as falllling in a post this morning. I suggested this individual could be controlling the falllling account and several others also. Blitz immediately moved the thread out of the forum. Wow so you really think he's making a difference, lol. It's now Falling's fault that Bitcoin isn't making money for people? I am sorry, but if Bitcoin cannot withstand a single troll who has notable grammar and spelling shortcomings then I really don't know what to say. I would love it if we could see an analysis of number of posts vs bitcoins held by user. I am sure that would be very illuminating! |
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Look at the remittances market, that alone is worth over 500 billion a year. And mark my words, Bitcoin will eat every penny. You know why? Because Western Union and the others are parasites who steal 20-30% of the money they process. 20-30%!! How long until people realize they are needlessly throwing their hard-earned money - and these are POOR people we're talking about here - down the toilet? They will ALL switch to bitcoin, just like EVERYONE stopped using Blockbuster video to pay $5 for one movie rental once Netflix came online. This will happen, because people prefer to have money rather than throw it away. --> http://www.coindesk.com/philippines-startups-fulfil-bitcoins-remittance-promise/Western Union is a superior service to Bitcoin, since WU provides security and user-friendliness. People are willing to pay a lot for those qualities. That's why WU continues making a ton of money, while the Bitcoin pyramid scheme is failing miserably. Poor people in the developing world won't suddenly attain the tech skills and computer equipment needed to safely acquire, store and sell their bitcoins. Even average Joes in the developed world stay far away from the Bitcoin ponzi scheme, and large Bitcoin bagholders are dumping coins as we speak, a fact obviously reflected in recent price developments. You are obviously intelligent. But the fact you are actually here and posting endless bearish vaguely plausible analysis infers you are actually a bitcoin bull in disguise. Sold and hope to buy lower or just short? Either way dont bs us with pyramid scheme nonsense please. |
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Each and every one of you owe me a thank you. I predicted that it was a trap and that we'd stall out around $470... now the rally is developing momentum. Obviously, the market does exactly the opposite of my posts. So, I am going to keep posting that the price must come down. I am doing it all for your sakes. Just saying.
Note: I am still bearish on the market, generally, albeit not so much on today. But, as I said above, that might be a great thing for everybody else.
Why are you bearish when the market is clearly oversold, is a huge way down from ATH in a sea of good news that only a year ago would have been predicted impossible? Sentiment is a fluid thing, if we bust back up through into the 6xx's then watch it turn on a dime. |
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Here is my prognosis:
The chances of sub $50: only 10% chance
sub $100: 20% chance
70% chance of:
"Final capitulation" .... looks to stand at around $120-$250
WHEN? Bitcoin to 120 dollars is a 70% certainty! Someone tell Paypal! These threads are ridiculous. 100% certainty... eventually. Bitcoin is not the future. It may be a stepping stone to it. It won't be adopted by the masses without major, major changes. Why? The general public will be using web wallets and phone apps. These are already several iterations along already. In five years everyone in a country with electricity will have some form of smart device which holds their wallet. Bitcoin just has to survive and it will rise up. (IMO ) |
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Here is my prognosis:
The chances of sub $50: only 10% chance
sub $100: 20% chance
70% chance of:
"Final capitulation" .... looks to stand at around $120-$250
WHEN? Bitcoin to 120 dollars is a 70% certainty! Someone tell Paypal! These threads are ridiculous. |
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Just remember Tim Draper bought 30k BTC @ 900 USD each while the market rate was +/-600. VCs do calculate... U know  VC's aren't infallible. Some of them make mistakes. It happens all the time. Draper probably dumped his coins a long time ago. You never replied to my earlier post. If you actually believe what you fervently post here - that bitcoin is destined to be worthless in the near future - why bother posting on a bitcoin forum hundreds of times? |
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Just bought lots of coins. Bring it on bears.
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Bitcoin is loosing value more and more! Litecoin is already dead! I expect another alt is replacing bitcoin sooner or later?
Ah you are a troll |
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People are becoming very hateful and quarrelsome around here. It's no wonder though, many have put the highest of expectations into specific events/news the past few months, only to be disappointed again and again as they learn (and repeatedly forget) that news doesn't mean shit in a market ruled by sentiment.
The majority here (Speculation) doesn't give a shit about anything other than talking their book. Was it always this way? I have fond memories of this place in the past, but maybe I've altered my own reality. If your statement is true and noise increases to 99-100%, then that means this entire forum will become completely worthless in a few years. No one will really come here anymore. Perhaps no one will need to, for any reason, and that will be a good thing. Without a way to (supposedly) influence people, whatever shall the trolls do? At least 9 threads on the front page are of the trolling doom mongering variety by the usual suspects. Every thread is infested with trolls and alts talking to each other preaching bearish scenarios. The good news keeps coming meanwhile (PayPal) so fundamentally I think price has dislocated from reality and is extremely oversold. |
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The difference is this:
Several hundred years after the tulip mania, tulip bulbs are still actually worth something. They have intrinsic value.
Bitcoin, on the other hand, will be practically worthless a few years from now. By 2020, BTC will trade for way less than one dollar per coin. By 2025, BTC will be valued at less than $0.05.
Seriously. You would actually have us believe that you have posted hundreds of times on a forum about a commodity which you think will have no value in the future..right. |
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Still 460? I mean the guy's got 930 in like 1 month, all of which bashing bitcoin!
Well exactly. It is obvious that there is a concerted effort to negatively alter sentiment on here by spamming every thread and creating numerous FUD threads. I posted a new thread to discuss the oddity of a hero member using the exact same wording as falllling in a post this morning. I suggested this individual could be controlling the falllling account and several others also. Blitz immediately moved the thread out of the forum. |
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someone would expect the price to go up after the Paypal news, or was it priced in already ?
I think paypal is already priced in, but not the way people would expect: smart money already shorted in anticipation of this news. Of course these things aren't priced in. |
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It makes sense that he is a large holder or veteran bitcoiner who is simply trying to manipulate readership on here for personal gain. Him and his alts must make up a reasonable % of posts and new threads on here. Pathetic wretch that he is!
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