do we hit 600 before Saturday?
I just need the price to sit in the 550 to 680 range for another week and I will have hit my coin target for the year four months early. |
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Last night it was all 'we're all doomed' and people calling 'under 400' or even lower. I was trying to say it was ludicrous and actually just causing panic when 550 was not even going to be breached (and yes check back I said we might overshoot and dip through 560, but any lower was too much of a BUY). Today it's back up to where we were a couple of days back and it's 'to da moon and rockets'?!!! Gotta love this thread...  I would love it more if it weren't for the bs manipulation attempts. Shrooms/kreinaha etc would never convince me to panic sell, but you can bet some poor schmuck did. At one stage the crash word was being bandied about regarding a drop from 620 to 550 over a few days. I mean come on! |
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Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Agreed. Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up. All they see is previous buyers losing money. What we have here is: No new buyers. No amount of good news will make the price go up. Any slightly bad news will cause a crash. No increased user adoption. Lots of people getting out. This was gonna be the year of Bitcoin. It simply failed. It won't magically go up again. There is no reason why it would. I really hope you pair of tits don't convince any honest people into selling here with your book talking! |
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Things are looking bad, guys.
I'll take what you say with a pinch of salt. You're short/sold right?  Ha |
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There are already several funds and all i see is the price going down. You will be very dissapointed.
You seem very sure of that. Stop talking your book, it is transparent. I preferred the one liner acerbic comments you usually come out with. |
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Bit lower and I'll buy another few! I am going to reach my overall coin target much sooner than expected. Yay.
Let's recap. US regulation incoming. New fund opening 1/8/2014. Lots of coins need to be accumulated off exchange. How best to ensure a great price? Technical dumping on exchange to get the momo traders selling the price down. Acquire coins. Manipulate price upwards by removing selling pressure and some technical buying. Job done!
I feel sorry for you if you think this is anything else than simply people getting out. There aren't secret groups of people keeping the price down to buy cheap coins. Stop being so delusional. Everyone with a lot money money had every chance to get in. Even the last few months when everyone expected a bubble they didn't. They realize this isn't going anwhere. Don't feel sorry for me i'm on a Greek island on holiday. Anyway don't be such a prick, you already said you sold so of course you want prices lower. Ex head of oil/commodities at JPM is starting a btc fund next week and you think bitcoin is over? You're delusional! |
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If we bounce up from 550 and break 680 then in retrospect this will simply look a correction after a price doubling.
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Bit lower and I'll buy another few! I am going to reach my overall coin target much sooner than expected. Yay.
Let's recap. US regulation incoming. New fund opening 1/8/2014. Lots of coins need to be accumulated off exchange. How best to ensure a great price? Technical dumping on exchange to get the momo traders selling the price down. Acquire coins. Manipulate price upwards by removing selling pressure and some technical buying. Job done!
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So who sold in the 570s?
Remember the coins shroomskits bought at 680? ya... I think so. Weak hands. Thanks. |
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Reverse head and shoulders (on all exchanges I checked), confirmed by divergencies in MACD and RSI on hourly scale. Looks like this wasn't a temporary bottom!(
Reverse head and shoulder is, isn't that bullish? Or something to do with shampoo |
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i'd also like to note that if you want to lose much bits while its going down (double your losses with very little upside risk), buy some altcoins, particularly AUR and BTCD. i myself am down about 50% its wonderfull! Ha. Careful selling its still only 1600 coins to 615 on stamp |
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We are drifting down but the orderbook on stamp is interesting. <1700 coins to get back to 620. My take: we either get some proper dumping which the market doensn't look up for or this is a headfake down prior to a big move upwards. How much money will a dumper really have made dumping at 620, 610, 600, 590 with the hope of buying back in. Not much. Either way i will buy another tranche of coins over the next couple of days.  |
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Thoughts regarding apple joining forces with visa for iwallet on iPhone six (released this fall)?
My first thought was this was bitcoin bearish. But apple mobile market share of handsets is not what it once was, not all iphone users or merchants will sign up to this. That said it will perhaps for the first time start what is long overdue, the use of a mobile as a wallet and payment device by the masses. This amongst the first steps to the disappearance of the conventional 'card'.
Overall this may widen the appeal of bitcoin especially among tech savvy youth as the idea your phone carrying money becomes commonplace.
Circle/coinbase/blockchain.info take note!
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Sizable dump to change order book and steer us away from 600 downwards.
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Next attempt at 600 cannot be far off on stamp. Selling seems to be exhausted.
Slow meander upwards for a few weeks methinks.
This new Jersey fund is interesting (run by Blythe Masters ex). As more bitcoin funds launch can we expect mining supply to be bought up off books resulting in an indirect restriction of supply on the exchanges? This might carry the price up until it ignites in the public imagination again. There are only so many coins the specs can buy and sell to each other.
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over all there will be more hoarders of bitcoin than spenders so relax about the daily movements of bitcoin price. over the long term the price will rise. just at a more stable rate..
So you are making the same bear paradox argument. BTCs get hoarded, this hinders it from being useful medium of exchange. In an economy containing only bitcoin deflation _could_ be bad. But hoarding of gold or bitcoin simply leads to selling and spending as the price rises. Saying hoarders do not spend is a fallacy, they do, once price has risen. This is how coin distribution works! |
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Strong support at 590. Barely no resistance upward. It screams "buy" and it looks so obvious I'm afraid it's a trap.  Well I just bought a few based on that. Ha! |
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590 wall will fall soon.
Lot more selling needed to munch through the order book. Doubtful we go much lower. |
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Good support on stamp an pretty thin back up to 620 based on the order book. A quick large buy here could leave sellers an egg positive face.
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It was always like this! Good news price is going down because people sell it more than people buy it!
If only the sellers would wait a little more for buyers to put the orders the price would go up!
I'm not sure if the drop is caused by "people" selling but I'm thinking that the sudden fall could be triggered by a whale. Whale sees market stable and in a narrowing range. Several medium dumps get the speculators nervous. Another dump and a wave of selling occurs, becomes self reinforcing driving price down to waiting bids. Whale buys and price gradually returns to where it was originally. Whale has accumulated, panic sellers and buyers lose. Rinse and repeat! |
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