Never. The more businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash.
the more businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash.
Your post is almost identical to one posted the resident bear troll fallling, yet you have a hero account. When i bother to read the rubbish falllling posts it often has poor english - but not always. Have you posted from your main btctalk account by accident? Are you in fact controlling falllling and several other troll accounts which are making this forum a pain to read? |
|
|
|
I get the feeling that the coming "bubble" is going to be wrongly assumed to be caused by Paypal acceptance. But who am I to care what people think the "bubble" is fuelled by? We should slowly grind upwards beginning in a few weeks and could very well explode end of October and the following 2 months  That's what my balls of steel told me ^^ Balls of steel, a vital piece of investing equipment when dealing with bitcoin! |
|
|
|
Used in hip replacements.  Hopefully we won't be waiting that long |
|
|
|
falling was right  Falling is working for someone who wants to buy thousands of btc at the lowest possible price. So, he could be right now, but he is wrong in the long term. I am quite sure he is paid in btc for its spamming FUD service. @Falling: do you hold your btc ? you still have no idea how serious the situation is aren't you? bitcoin is on the verge of collapse[/u] wake up from your "unrealistic get rich quick dream" now or lose everything!Igorr is that really you? |
|
|
|
Yes wake up, you scammer.
If you look at the graph below and connect the white dots, we are still going up.
Past performance is not a guarantee of future returns. Lines on a graph are just lines on a graph. The fundamentals tell us that adoption is falling and that there's more volume on the sell side than on the buy side. Thus the price continues to fall. What a load of rubbish! How are the fundamental s telling us adoption is failing? Is it the rising number of wallets? Is it the rising transactions? Is it the incredible merchant integration this year? Your argument that lines on a chart (zoomed out ) means nothing as past performance does not predict higher prices in the future is interesting, as you then justify a never ending decline because..lines on a chart (zoom in) have been pointing down more recently. At least make an effort.. |
|
|
|
We must be experiencing the lowest buying pressure ever.
The general public completely lost interest in Bitcoin.
I think we are at a point where it's safe to say Bitcoin failed.
If you can give me a good reason why suddenly many people will be interested again and will start buying then feel free to do so.
So looks like you sold again. You really could find better trading entry points.. |
|
|
|
What a dishonest illiterate wretched creature you are!  since most of this forum has him on ignore, if you feel the urge to converse with it, can you at least not quote it? thanks. Apologies. 'This user is currently ignored' seems to be outnumbering real users at the moment. Free speech is important but it would be brilliant if the forum just deleted users once a certain ignore threshold is reached.. |
|
|
|
Damn, the orderbook has evaporated!
wtf happened!
how many times did i tell you? bitcoin is going to nowhere but down, lower and lower cheaper and cheaper to the final capitulation sell now to cut lose or lose everything He learnt to spell lose!! |
|
|
|
As the price slides inexorably lower remember why you bought bitcoin in the first place.
The market manipulators are trying to shake out weak hands. It is no coincidence the bear trolls come out to play as the price weakens (but curiously disappear as the price rises).
Technically as long as bitcoin doesn't drop below 440 this is noise. Even if it does dip lower or even briefly touches 3xx a high volume reversal there will signal the final bottom is in.
Remember it is in no one's interest, not the holders, not the miners, not even the sell and hope to buy lower crowd for the bitcoin price to collapse.
If bitcoin was a good buy at 600 then its an even better buy at 460.
It takes balls of steel to hang on in a bear market like this. Bitcointalk is littered with posts from people who sold out in 2011, 2012, 2013 only to miss out on the next surge. In every case hanging on or buying more paid off handsomely. In every case the bears and trolls were wrong.
The market will turn soon..
stop finding excuses, admit the fact that bitcoin is going to nowhere but down! lower and lower cheaper and cheaper! buy more = lose more What a dishonest illiterate wretched creature you are! |
|
|
|
|
As the price slides inexorably lower remember why you bought bitcoin in the first place.
The market manipulators are trying to shake out weak hands. It is no coincidence the bear trolls come out to play as the price weakens (but curiously disappear as the price rises).
Technically as long as bitcoin doesn't drop below 440 this is noise. Even if it does dip lower or even briefly touches 3xx a high volume reversal there will signal the final bottom is in.
Remember it is in no one's interest, not the holders, not the miners, not even the sell and hope to buy lower crowd for the bitcoin price to collapse.
If bitcoin was a good buy at 600 then its an even better buy at 460.
It takes balls of steel to hang on in a bear market like this. Bitcointalk is littered with posts from people who sold out in 2011, 2012, 2013 only to miss out on the next surge. In every case hanging on or buying more paid off handsomely. In every case the bears and trolls were wrong.
The market will turn soon..
|
|
|
|
Damn, the orderbook has evaporated!
wtf happened!
I will shortly buy some more coins then not check the price for a month. |
|
|
|
|
I liked when Proudhon was trolling. Faillling is just an illiterate desperate pauper - nowhere near as much fun.
|
|
|
|
Inb4 fallling spreads his doomsday messages
Like anyone cares about his failed predictions... Hey, I know he's a troll and everything, but he's been trolling bear in a very bearish market. So I'm pretty sure his predictions haven't been failing too hard. Oh well, bagholders gonna baghold.  Using the term bagholder to describe anyone holding bitcoin is pretty foolish. Uhhh, whatever you gotta tell yourself. I love bitcoin and I hope it succeeds, but I'm also glad that I hedged in dollars and sold everything from $580-640. Now I can bide my time. Anyone who bought high and is sitting on unrealized loss is a bagholder. Nothing to get upset about. It's just a fact. I'm not sure if you realise that most bitcoin holders are actually sitting on massive unrealised % gains? LOL. Good luck with your 'trading'. Thanks for making my stash more valuable when you panic buy on the next run up! I'd be curious to see the distribution data to support that. My feeling is more so that bitcoin wealth is incredibly concentrated, so this is much less true than you think. Either way, this is more so directed at the sentiment on this forum (for the past 8 months) that we're headed for another bubble, and therefore that buying into a long term bear market was advisable. All year long, huge distribution -- just more and more bagholders being created. It's fine -- there is a good chance bitcoin will succeed long term. But there's no reason to get so butthurt over a term that simply means "sitting on unrealized loss." I hate to break it to you, but 2014 was supposed to be the year of the bitcoin. But it turned out to be the year of the bagholder. Thanks for the "good luck." Bitcoin has to go up $130 before I start "losing coins." So I can bide my time, thanks. You sound a bit emotional, to be honest. We'll see. This forum is littered with traders like yourself who flit in and out of the market (Matthecat). The majority of course lose money (another form of bagholder I suppose) in spite of an exponentially rising price. I hope you will make sensible trades and my beat my undoubtedly suboptimal buy and hold strategy. I am still up just under %300 overall at the current price as i bought most of my position last march/april (oh to have bought in just a few months earlier!). Do i want to see the price fall lower? No. Am i emotional about it? Not really. Just ambivalent to be honest as I have held the position for so long now. I have been trickling a few coins a month in the last few months as I feel risk wise this is a reasonably good entry and the ftse seems a bit toppy. I suppose it is all about risk. You made a good trade if you can get back in lower and ride the price upwards. I have learnt that timing the market is very difficult at the time, but obvious looking backwards. How do you know when the uptrend has resumed? The price could break downwards and move through the 3xx low earlier this year. It moved back from 680 down to where we are now on good news alone! But it could just as easily move upwards over a few days (with or without news) and break out, in the process confirming the 3xx spike down this year as the bottom. Anyway, I would say that using terms like 'year of the bagholder', 'butthurt' etc are deliberately inflammatory and aimed to create an emotional response in recent buyers, which of course might incite them to sell. But I am sure being out of the game you wouldn't be trying to manipulate trusting newbies into dumping so you can get back in lower? Maybe I am too cynical.. I think anyone who thinks they can troll the market down by posting on this forum is living in a fantasy world. I've been through 2 bubbles. I took my initial investment, and then some, out long, long ago. Recognize that HODLers are not the only ones who profited from a 5-year bull market. I brought out the term "bagholder" because yet another bull was calling bear predictions of late "failed predictions". That's straight up bagholder talk. I don't give a shit if you're making money or losing it. There's nothing wrong with holding a long term position. Just don't be irrational about it and literally lie to yourself about the past (not you, but the poster I originally responded to). Clearly, the bears have prevailed over the past few months and the biggest failures were the "bubble predictions" we have seen ALL YEAR LONG. If I came off inflammatory after that, it's because of this line -- " I'm not sure if you realise that most bitcoin holders are actually sitting on massive unrealised % gains? LOL." I am not confident that this is true (for the reasons stated earlier), and that's the same sort of talk that made so many people throw risk management into the wind. I honestly don't give a shit if the market continues to trend down or not. But I need bulls to show strength to consider buying again. They've shown nothing but massive weakness on every attempt. Fair enough. I don't think we are too far apart in points of view actually. I agree the market is weak. Need some staunch buying to propel things higher |
|
|
|
Inb4 fallling spreads his doomsday messages
Like anyone cares about his failed predictions... Hey, I know he's a troll and everything, but he's been trolling bear in a very bearish market. So I'm pretty sure his predictions haven't been failing too hard. Oh well, bagholders gonna baghold. Using the term bagholder to describe anyone holding bitcoin is pretty foolish. Uhhh, whatever you gotta tell yourself. I love bitcoin and I hope it succeeds, but I'm also glad that I hedged in dollars and sold everything from $580-640. Now I can bide my time. Anyone who bought high and is sitting on unrealized loss is a bagholder. Nothing to get upset about. It's just a fact. I'm not sure if you realise that most bitcoin holders are actually sitting on massive unrealised % gains? LOL. Good luck with your 'trading'. Thanks for making my stash more valuable when you panic buy on the next run up! I'd be curious to see the distribution data to support that. My feeling is more so that bitcoin wealth is incredibly concentrated, so this is much less true than you think. Either way, this is more so directed at the sentiment on this forum (for the past 8 months) that we're headed for another bubble, and therefore that buying into a long term bear market was advisable. All year long, huge distribution -- just more and more bagholders being created. It's fine -- there is a good chance bitcoin will succeed long term. But there's no reason to get so butthurt over a term that simply means "sitting on unrealized loss." I hate to break it to you, but 2014 was supposed to be the year of the bitcoin. But it turned out to be the year of the bagholder. Thanks for the "good luck." Bitcoin has to go up $130 before I start "losing coins." So I can bide my time, thanks. You sound a bit emotional, to be honest. We'll see. This forum is littered with traders like yourself who flit in and out of the market (Matthecat). The majority of course lose money (another form of bagholder I suppose) in spite of an exponentially rising price. I hope you will make sensible trades and my beat my undoubtedly suboptimal buy and hold strategy. I am still up just under %300 overall at the current price as i bought most of my position last march/april (oh to have bought in just a few months earlier!). Do i want to see the price fall lower? No. Am i emotional about it? Not really. Just ambivalent to be honest as I have held the position for so long now. I have been trickling a few coins a month in the last few months as I feel risk wise this is a reasonably good entry and the ftse seems a bit toppy. I suppose it is all about risk. You made a good trade if you can get back in lower and ride the price upwards. I have learnt that timing the market is very difficult at the time, but obvious looking backwards. How do you know when the uptrend has resumed? The price could break downwards and move through the 3xx low earlier this year. It moved back from 680 down to where we are now on good news alone! But it could just as easily move upwards over a few days (with or without news) and break out, in the process confirming the 3xx spike down this year as the bottom. Anyway, I would say that using terms like 'year of the bagholder', 'butthurt' etc are deliberately inflammatory and aimed to create an emotional response in recent buyers, which of course might incite them to sell. But I am sure being out of the game you wouldn't be trying to manipulate trusting newbies into dumping so you can get back in lower? Maybe I am too cynical.. |
|
|
|
Bitcoin pump only happen if china unban bitcoin..
it's funny, because they are the one of dumped it, they are not needed anymore, bitcoin can rise without china september is still too early for a pump however Yup, we don't need China. We just need a constant healthy growth! As soon as the media starts to do an increased coverage on Bitcoin again, the prices will go up dramatically. Let's hope the Google trend is right and continues to go up! there wont be an unban, only more country that ban it. media wont cover more because they are bought by the banks and in control also if for a reason there is more media cover it doesnt matter because everybody already knows about bitcoin but nobody cares China never banned bitcoin. Troll harder (but post less often if possible). |
|
|
|
sometimes i wonder if poeple really are that dumb, or they just post shit like this to further push bearish sentiment so they can buy lower... its hard to believe anyone could be this stupid, so i'm gonna go with trolling to get the price lower.
Not sure..it is very poorly written trollery! |
|
|
|
Inb4 fallling spreads his doomsday messages
Like anyone cares about his failed predictions... Hey, I know he's a troll and everything, but he's been trolling bear in a very bearish market. So I'm pretty sure his predictions haven't been failing too hard. Oh well, bagholders gonna baghold. Using the term bagholder to describe anyone holding bitcoin is pretty foolish. Uhhh, whatever you gotta tell yourself. I love bitcoin and I hope it succeeds, but I'm also glad that I hedged in dollars and sold everything from $580-640. Now I can bide my time. Anyone who bought high and is sitting on unrealized loss is a bagholder. Nothing to get upset about. It's just a fact. I'm not sure if you realise that most bitcoin holders are actually sitting on massive unrealised % gains? LOL. Good luck with your 'trading'. Thanks for making my stash more valuable when you panic buy on the next run up! |
|
|
|
Alright this is getting pretty scary...its dropping down a lot and thats not a good thing...at this rate do you think it will go back up again?
Yes |
|
|
|
Agree with OP on this one. The 'cashing out a huge lump sum' scenario isn't really worth following. To few plausible cases where it would make sense, and the effect is overshadowed by the phenomenon below anyway...
What is quite possibly going on right now is a more natural, stretched out over time "cashing out" by large mining farms selling most (if not all) of their coins (by my argument that professionalization of the mining industry leads to short-term opportunism, i.e. "if I don't sell my new coins now for a low-ish price, some other other miner will, and I will lose even that low-ish profit opportunity").
That's not a real problem longer-term though: once buying pressure is sufficiently high again (for any external reason, like block reward halving, or market internal reason, like change of perception of price), miners will adapt their strategy, and presumably increase their amount of longer-term held coins, thus further fueling the price increase.
The tricky part is realizing when this change in sentiment and market dynamics takes place. I do believe it is possible to trade the periods before it happens, and act accordingly, but I also appreciate the recommendation to sit the in between period out with a full BTC position, to avoid the risk of taking a big hit to your position once the dynamics change.
That is an interesting point. Miners have some control over supply of coins coming to the market. If they acted in concert presumably they could engineer a bubble by constraining or starving supply to the market very easily. Or during a rapid price rise they could magnify a bubble by exerting the same effect. The moment where the equilibrium changes from miners as a group selling on the market, to hoarding in expectation of price rises is interesting. Inside information could be key here? |
|
|
|
Inb4 fallling spreads his doomsday messages
Like anyone cares about his failed predictions... Hey, I know he's a troll and everything, but he's been trolling bear in a very bearish market. So I'm pretty sure his predictions haven't been failing too hard. Oh well, bagholders gonna baghold. Using the term bagholder to describe anyone holding bitcoin is pretty foolish. |
|
|
|
|
Show Posts
