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For a currency that can be manipulated so easily, the "sensible valuation" is "everyone's play money only". And so, it will be ....
Then those that are left can play with their pocket money on cheap coins.
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Not really -- any hopes of recovery up until 2 weeks ago were pretty much ruined by manipulators aiming for "cheaper coins". It removed all steam from the market, and has cheapened the value of bitcoin.
 Yeah, it's not the market reacting after a tenfold increase in less than a year. It's those damn manipulators! Dude, DDoS followed by sudden drop, again and again and again. Up until the last one about 2-3 weeks ago -- that was the straw that broke the camel's back. |
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Yes, they are pretty cheap.
A few of us warned weeks ago that this would happen... people want cheap coins? Well there you go. You have them. Fat lot of good it will do you now.
I don't see anyone buying all those cheap coins. Amazing, isn't it? Not really -- any hopes of recovery up until 2 weeks ago were pretty much ruined by manipulators aiming for "cheaper coins". It removed all steam from the market, and has cheapened the value of bitcoin. Now we're seeing the result -- the cash-out. They wanted cheaper coins, they got them. It's time now for people to fully reconcile the phrase "cheap coins" with reality. |
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Yes, they are pretty cheap.
A few of us warned people clamouring for "cheap coins" weeks ago that this would happen... people want cheap coins? Well there you go. You have them. Fat lot of good it will do you now.
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what happens when the cross on the all time chart?
do we get rich?
I guess you were just kidding... but anyway, the crossing point is arbitrary, the two y axes have different scales... change them and they will cross at different points... |
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EDIT: Yeah, some would like an immediate dump to $50 to buy cheaper, but is that really better for BTC than a slow(ish) decline like this, even if it takes weeks ?
I keep thinking about plasters. I don't like it, but I know that sucker's gotta come off. The longer it stays inflated, the greater the long term hurt. IMHO. Also, why let the whales cash out at your expense? Well, we could crash to 50 then have another long slow slide. For BTC to be an attractive large investment, the future price target must be high above the current level. If those investors aren't buying in now, nothing says they will buy in at $50. And if you're looking for increased mass adoption, a dump to $50 at s time when it is difficult for them to transfer in money, will NOT have the punters queuing up to buy. |
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I find it easier to pay for some things with Bitcoin than fiat. It only takes a couple of clicks.
The key is how you buy the bitcoins. I happen to have some, so it's easier. Buying them is also still relatively easy. If I had to wire money each time, it wouldn't be worth it.
In terms of *receiving* money, I'd rather have BTC (for the aforementioned reason) than USD or other fiat, and prefer BTC over PayPal or other reversible payment methods.
It's still small, but the potential is there. Try to look into the future a bit.
Yeah the key is how you buy the bitcoins. I am talking from a perspective of a person watching BBC not a BTC miner. Why would a person watching BBC want to buy something with BTC when they can use what they have already (traditional methods) - the only reason to go into BTC for them, other than speculation is to use it on silkroad. At least for now, BTC poses no advantages to them to justify fiat -> btc -> service/good route, of course with exception of silkroad. (I am not talking about store of value and speculation here) Store of value is directly relevant to the discussion though. They are not mutually exclusive factors. Because if you own BTC you are (obviously) more likely to spend BTC. If BTC increases in value you are more likely to jump through the hoops to buy. If more people own BTC there will be more opportunities to spend it. Currently it's a chicken and egg argument -- which is one that neither of us can win. It appears you've been trying to win that argument since day one on this forum. You're wasting your breath. |
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Another likely scenario is that we just hover around here for another 3 months with minimal volume, growing back some balls.
... Of course, when we finally break out to the upside, rally will be killed off by a dumper within a week before a new trend can be decisively established. :-(
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Thing is drugs are the only thing that bitcoin is better to be used for buying instead of fiat.
Really? I'm pretty sure that 99% of the drug dealers out there prefer real money. You are pretending not to understand what I meant or should I explain? I find it easier to pay for some things with Bitcoin than fiat. It only takes a couple of clicks. The key is how you buy the bitcoins. I happen to have some, so it's easier. Buying them is also still relatively easy. If I had to wire money each time, it wouldn't be worth it. In terms of *receiving* money, I'd rather have BTC (for the aforementioned reason) than USD or other fiat, and prefer BTC over PayPal or other reversible payment methods. It's still small, but the potential is there. Try to look into the future a bit. |
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 Seems to correlate well with Google Trends as well. ( link) This again ... :-) Was the price pushed up to 200+ because people were searching in Google? Or did people search in Google because of the 100% week-on-week appreciation? Yeah, there's correlation. But it's not a predictive correlation. |
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The problem now is that any rally will have low volume until certain thresholds are passed and people feel safe buying in again. During that time, any work can be undone overnight by a dumper/manipulator. So it's a wasted investment at this stage.
The best metric for me would be a map of the largest holders of BTC -- I know this is impossible, but we can at least track the BTC/address density. Once can assume if this is decreasing then there are less whales / dumpers, all other things being equal.
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... this is why technical analysis works so well. we alerted subscribers ... and the drop then came as expected[/color]
Thanks for that. I assume by "works", you mean "self-fulfilling prophecy"? |
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Bears/manipulators/etc: Congratulations guys, you're getting your cheap coins.
Shame (for you) that now, none of us want to buy back in any more.
Enjoy those cheap coins!
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是不是啊，感觉没头绪啊
您可以看一下我们活动微博中大家的讨论可能对您有所帮助 |
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这个广告做的好，这么低的成本（也许还是零成本）就能推广微博和XX了
时间成本是很大的  |
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密钥类似于下面的，但是长度我不能告诉你，你找到密钥后可以利用blockchain.info来导入密钥转到你自己的地址下
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Doubt the bottom is here, but it's not far off; there are plenty of buyers.
As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.
I think they (the buyers) have a good strategy.
Yesterday i received this from my trader friend, so much truth in it:  I'm running an exchange, I'm just saying what I'm seeing. :-) Anyway the point here is that it's impossible to call the bottom -- so buying on the way down and selling a little on the way up makes sense. |
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Doubt the bottom is here, but it's not far off; there are plenty of buyers.
As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.
I think they (the buyers) have a good strategy.
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