This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.
You're so right, man! My bitcoin that was worth $588 yesterday is only worth $570 today!!! What a devastating crash, a btc crash to end all crashes!! (In. case. you. can't. tell. that. was. mega. sarcasm.)And it was worth $600 a couple weeks ago and worth $630 a week before that and $680 only a couple months ago. You're welcome to keep holding if you'd like, but smart people are reducing their exposure right now. 'Smart people'. Hilarious. The price is up roughly 1000 percent from last year. It is just under double what it was a few weeks ago. Sell Sell Sell like the smart people! |
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This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion. The bulls right now:  Yap yap yap. We get it you sold. Pathetic. |
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I am with masterluc on this one.
I see a lot of selling pressure on stamp. Someone is trying hard to keep the price above 580 $ mark, but someone is unloading big time.
I just cant see us breaking 620 any time soon.
Or actually there was a concerted selling effort to keep us below 600. |
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I don't believe in charts or past trends. I just have a "gut feel" that price will go up in long term. Holding until it goes below $400 or above $700. Will buy more below $400; sell some when above $700.
Are you not worried by the crash at all? I mean I'm quite impressed if you're not, but I think it's at least somewhat worrying in these difficult times, after all. No one knows which way it'll go eventually... What crash? |
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People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.
The amount of bullshit coming out of your mouth, is just, WOW Did you really expect to be set for life, by buying 1BTC last week??? Well, he maybe could be set for life if he didn't daytrade his initial 2 BTC to 1 BTC  I'm wondering, it ShroomsKit a bull again or still a bear. He seems to become a bull when the price tanked hard or rallyed hard. When it is slowly declining he becomes bear. Interesting. Might write a paper about it.... I think you'll find it is a simple formula: sell coins -> scream doom and gloom , buy coins -> scream to the moon. |
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If we go below the 560 for any significative ammount of time, according to the 12 hours graph, we will go down and I don't know were are we expected to stop - maybe somewhere in the 400's?.
Monkey puts that number at 440. So you sold. The price is so far down a grand total of 18 dollars with the same number of coins on stamp to run up to over 600 as 540. We haven't even breached any made up technicals yet. What was that advice previously off posted here: if in doubt, hold! |
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Must suck to be that fool that buys at 690+ every time.
It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?
Because one of these days the price will move upwards past 600 to never return. Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin. When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years. Its a cycle. See the last few bubbles. |
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Must suck to be that fool that buys at 690+ every time.
It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?
Because one of these days the price will move upwards past 600 to never return. Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin. |
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in December or Q1 2015  Hopelessness and fatigue setting in. Soon people will just stop watching the price and then we can rise again, catching everyone by surprise! It seems to me there are a lot of coins moving OTC behind the scenes, with on exchange prices staying static. As long as this represents big players looking for profit entering the bitcoinsosphere then everything should be OK. Coin coming online IMO should be very bullish for the price. I predict that the price will shoot up prior to the announcement. Here is hoping for a slow amble around towards ATH over next six months. With COIN triggering the next mania in jan or February 2015. |
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I would like to remind you all to stop using this polarising language.
The unofficial 9/11 narrative is not a "conspiracy theory", it is evidence of both identified and unidentified actors that played highly significant roles that went unrecognized in the official US government/media narrative.
Using the "conspiracy theory" expression simply plays into the hands of those who would prefer to marginalise the proponents of that unrecognised evidence. There is nothing theoretical, nor does any of the unrecognised evidence prove any collusion between any parties. That evidence is derived from witnesses and recorded observations that contribute additional forensic/scientific analysis of the event. So, with no theory component, and no conspiring component, there is no conspiracy theory.
These words we use have meanings, let's actually use them in a way that adheres to their meaning and that's consistent.
Nice post Carlton. Interesting that the governments story from the get go was a quite extreme conspiracy theory. Anyone who questions the governments story (or not) and wants a laugh, please take a couple of minutes and laugh your ass off at what James Corbett put together regarding 911. https://m.youtube.com/watch?v=yuC_4mGTs98And not shockingly, it was the CIA who pushed the use of "conspiracy theory" forward due to all the criticisms they were receiving starting with and then following the warren report. You just can't make this stuff up. CIA Document #1035-960 http://www.realhistoryarchives.com/collections/assassinations/jfk/cia-inst.htmMore in tune with this thread, we have a war on drugs, a war on terror, but how about a war on corruption? Funny, the latter will end the formers. Thanks BTC Its about sharing Fair enough, there is no conspiracy hence theory where there is proofs (helloo 911), and there is theory hence conspiracy where there is lack of proofs (helloo Manmade Golbal Warming..). It's just lying and hiding. but cant you also imagine BTC being on top of that cherry? edit: I mean, the Intelligencia, the Deep State, monitoring it all.  I think/feel that anyone involved in BTC probably has had the fleeting thought that it was started by an agency. I think that, at this point, it really doesn't matter. Unless they get a new world war, I don't see these criminals being able to control where things are going. Further, they appear to be losing more and more support. What Adam mentioned before regarding perception coming into being, along with consciuosness, is basically beyond "their" control. And if BTC is Trojan Horse, what the heck is perception and consciuosness to tptb? They/we are being hit by a multitude of forces and factors right now. We have a great chance... Its about sharing Seems like the 9/11 debate could be steering us off btc discussions somewhat.. |
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Price is fairly stable. Bears come out and try to talk people into selling by predicting a fall down to 3xx and 4xx. Hrmph.
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I think between the incredible news of GABBO and Global Payments' sign on, we might be starting something very big here...
But only a few days ago you wrote that bitcoin was over and the price would crash? Which is it? |
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Once again falling, you prove our point. Calling us liars and quoting other people's nonsense is not market analysis.
I think there is not much prove needed. I think it is very obvious that there is only way for bitcoin at this price level and this is down. 1. News donīt drive the price anymore - Sign of market saturation. 2. Merchant adoption - Tax evasion scheme for early adopters, no one would buy a bitcoin to go shopping 3. Bitfinex Credit Bubble - more than 50.000 coins on loan 4. Orderbook - Very weak bid side. less than 19.000 coins to 0 (Bitstamp). I know people who own more than that 5. Expectation - Most people are bullish and a lot all in. Never a good sign I have to agree with fallling. Stop being irresponsible for trying to drive people into Bitcoin. This thread is hilarious. Wannabe traders who like you have sold or are short a volatile commodity which has risen 10 fold every year for five years are agreeing with the analysis of an obvious bear troll. And you call dropt irresponsible. Brilliant! Words of advice to newbies: never trust anything you read on this forum! |
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Actually all we need is a little bump upwards towards 680. I don't sense desperation anywhere. Stagnant prices in a sea of good news.
Whoever is continually dumping will exhaust their supply of coins soon..
The longer price remains in consolidation, the bigger price's increase we will see. Temporary decline to 200-300 doesn't interfere with the consolidation in long term. It seems obvious that a lot of coins are changing hands with the price remaining stable. This accumulation phase will not go on forever. Anything can happen but i doubt we retest the 2xx range. It would likely damage bitcoin for many months if not longer. Ultimately the vast majority of actors in the space want higher prices. Even a determined bad actor (say a central bank funded rogue player) cannot stop the market functioning if adoption levels rise rapidly. |
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I think we need desperation phase to clear the market and start a healthy growth... So we will have a repeat of autumn 2011  Actually all we need is a little bump upwards towards 680. I don't sense desperation anywhere. Stagnant prices in a sea of good news. Whoever is continually dumping will exhaust their supply of coins soon.. |
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How? Silly you. Armageddon will start and paradise will come to earth. So simple answer. Why you will need votes or money or whatever in place where you already have everything?
So your main argument for the failure of bitcoin is literally 'the end of the world'? The trolls on here aren't trying as hard as the usual suspects on reddit. Traders vs paid disinformation shills I suspect. |
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What happened to your doomer predictions earlier in the week? |
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OK.. so on the front of pure unsubstantiated speculation....
1) buy OTC, sell on market to drive price down, setting artificially low "opening price"
2) "open fund"
3) buy on market for 30 days driving the price up
4) produce slick marketing campaign: " GABI UP 50% IN FIRST MONTH !!!! "
5) open fund for trading
6) profit.
I speculated exactly that during the strange 'crash' earlier this week. With such trivial amounts of coins moving the price on exchange, manipulation is easy for now anyway. |
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Thanks ErisDiscordia for your excellent post and especially for quoting from R. A. Wilsons "Prometheus Rising", a book that has greatly influenced me when I first read it a good 20 years back. I think you have correctly identified a large part of humanities current problem as a resource distribution problem. (btw: when I say "resource" I mean natural resources, like fossil fuel, fertile soil, water, metals, etc.... I specifically exempt human labour, I don't view that as a resource... in fact I think we should largely do away with the whole concept) There are many suggestions how to solve this problem (how can we all live happily without destroying earth), some of which I like, some of which I don't like. I don't want to go into them but try to take kind of a broader view. Let's start with some facts: If one accepts these facts, one can derive that in order to organize efficient resource use one needs to utilitze a decentralized sound money (can't be centralized, can't have elastic supply, must be money). I know I'm mostly preaching to the choir and/or sounding like a broken record, but I must say: I truly think the single most effective measure we can take for more prosperous conditions for humanity is the widespread use of sound money on a global scale (like Bitcoin, you guessed it). This has the potential to solve many problems in one fell swoop without having to administer more specific measures in a top-down coercive manner. With sound money things like price signals and saving actually work. Bad actions are punished and good ones rewarded. The way it should be. We already started our first steps on this path. Let me lay out in rough terms how it could go down: - liquid global sound money is invented (crypto)
- people use it as a speculative commodity and increasingly as store of wealth (good money drives out bad)
- people increasingly value bitcoin as the best way to save their wealth and since it's also easily transactable globally, it gains traction for payments, in turn increasing its value for store-of-wealth (positive feedback loop)
- the fiat currencies continue their race to the bottom. Wealth is increasingly being stored in hard assets (land, art, companies, crypto,...). Not sure wether the banking system will collapse or adapt, but the economy will survive (not without a good cleanup, though). There will be much debate (and fighting) about who owns what (except with crypto, on that front it's quite clear: whoever has access to the private keys can spend)
- with fiat growing increasingly irrelevant, governments crumble or downsize considerably becoming fiscally prudent or non-existant in the process. Maybe different organizational structures (rules?) of differing sizes and shapes might evolve.
- same goes for big corporations: they'll either fail or adapt (regulatory capture and corruption don't work well any more)
- things like global surveillance of the population, wars, etc will become much less common because noone wants to pay for that stuff
- we have a largely level playing field, honest work and good innovation is being rewarded while bad action is being punished (failures allowed to happen, no lender of last resort, incentive to not fuck up). This should lead to more efficient use of resources.
- existental fears are much less widespread
- Largely in control of our own well-being, we all lead a mostly happy and prosperous life.
Now maybe it's naive to believe things can evolve like that and actually lead to later points (I also omitted some important things, like who controls public opinion), but I'm willing to try to take the chance and continue spreading the use of crypto. ;tldr: the use of sound money is the single most effective measure we can take to improve (or prolong) our collective well-being (on a side-note: I also think the use of crypto (mainly Bitcoin) as a store of wealth is the single most effective measure one can take to improve and prolong his personal well-being) An excellent thought provoking post. I myself see bitcoin as new sound money for the digital world. Youth will rediscover the principles of commodity money as previous generations understood implicitely. I think history will judge the boomer generation very badly, that 1971 to 2009 will be seen as a terrible aberration of monetary policy. I would add that in today's crony capitalist Orwellian nightmare the West is becoming , that private banks own the state and by extension the media. It seems incredulous to me that the most powerful entities in the world will not fight to retain power, so things could get very bumpy! Hopefully democracy and true honest capitalism will drive out the bad money in place of the good (crypto). |
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