Holy fuck, what a way to wake up!
Grumbles Grumbles stupid need for sleep !!
I've just thought exactly the same. I went to sleep with the price at 251. I've woken up to the price at 232. Fuck this, I'm going back to sleep. I can't believe this, I was so confident we'd never see sub 200 again. I absolutely retract that statement now. Oh my. Finex flash crash protection working fine as always :p Sideways until the next engineered event I suppose. Back to accumulation mode.. |
|
|
|
The market needs to test a bottom on high volume, similar to the one in April. Then we can go up a bit, before starting another capitulation.
Down, down, down eh? At least you are consistent. Not sure why you still do not see the high volume capitulation at 160 followed by a series of extremely obvious higher lows and major higher highs. |
|
|
|
|
Been extremely busy over the last two weeks but we seem to have become awfully bearish over what is actually a non-event in actual economic terms for bitcoin.
If bitcoin evolves to be a bitcoin-xt chain then bitcoin will potentially scale as transaction demand rises in the coming months/years. If bitcoin remains derived from reference Core clients then nothing is likely to change until the blocksize limit is reached, at which stage the majority of hashing power will simply fork for purely economic reasons and choose to scale - bitcoin Core developers be damned.
The end result to the user is zero for at least another year. High drama of course for the speculators.
Remember the long term log downtrend is currently at ~225. So even in this fabricated existential crisis we are still 25 dollars above that even now.
If we turn upwards before 220 then this is still a bullish recovery in the intermediate term.
|
|
|
|
there's FUD today, price has been going down for a month, its time to buy. not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.  i disagree. with all this nerd fight going through the media i expect 1xx$ You are short, of course you do. +8k new shorts today. Seems legit  |
|
|
|
The 1MB'ers are happy watching that adoption isn't growing anymore. Stupidity at its best.
Stupidity is pretending that "adoption" and "growth" is all about users & transactions. Probably one of your more stupid posts. |
|
|
|
|
..and all pro XT and angry censorship postings are removed from the front of /r/bitcoin. Disgraceful.
|
|
|
|
|
Single dump on finex again. Price recovered. Exciting fork drama. I will install XT next week.
Shorts now up to 14k. Nearly time for a surprise jump up to retest 300 again..
|
|
|
|
|
Market flat. Troll is a repetitive bore. Zzz.
|
|
|
|
One 5k market buy and we nearly hit 300.
I think we slowly lurch upwards.
Drawn out dead cat imo. I don't see us going up without at the very least retesting the local bottom. Order books mean nothing as we well know. The angle concerning ETH pump contributing to btc sell pressure is certainly plausible as its seen some insane volume for an alt and many early buyers are up 200% minimum. Only need a few thousand of those to sell for fiat to really get the bear party started. Dead cat? The only reason the price fell at all was because a single trader dumped 10k on finex. |
|
|
|
|
One 5k market buy and we nearly hit 300.
I think we slowly lurch upwards.
|
|
|
|
Did you guys notice how it took just 1/4th of the pump-volume to bring the price down to under yesterdays levels before the pump?
This happened a few times before and it just shows how desperate the scammers are to keep the bitcoin price up, they will even put in some big losses in order to ensure it doesn't totally collapse.
I feel this thing can pop any moment and when it does, it does so real hard.
The tension is rising every minute!
You are a perfect contrarian indicator. Didn't you sell your coins for 10 dollars? |
|
|
|
I believe between $400-$500. I would be also very happy with this price considering the slide Bitcoin has survived in 2015.
This would be also great foundation for more growth in 2016 in all fields of Bitcoin ecosystem, price, investment, technology, etc..
Anything is possible and prediction is a fools game If the price reached 1200 in 2013 then suggesting a maximum of 400-500 this year is a little arbitrary! |
|
|
|
Thermos has been down voted into the ground on reddit for his behavior. https://www.reddit.com/r/Bitcoin/comments/3gdad5/meta_on_hardforking_if_bitcoin_is_so_vulnerable/ctx6rgsIn another post he claims that consensus has not been achieved simply because Greg Peter and luke Jr do not agree and that is enough to out vote Gavin and mike. How seriously fucked up is that view. I say XT should do away with waiting for 75% now, and simply fork at some block 3 months out and let people pick the vision they want to support. In the end the ecosystem will gravitate to one winner. After checking he actually says "Wladamir, Greg, and Pieter are opposed to it". But yeah nice try of you to throw LukeJr in there  PS. I expected you to be above the all too common argumentum ad populum found amongst Gavinistas. For future reference here's a post I digged up from reddit today that sums up well the idiocy behind juvenile comments such as "Thermos has been down voted into the ground on reddit"  Oh and btw good luck and have fun with your XTcoin OK my memory on the names was wrong, who cares, that doesn't change the point that his fundamental sentiment is that bitcoin is decided by a small group of people, which is horrible. That post you included above is utter nonsense as a reply. Thermos being downvoted into the ground is valid to point out because it demonstrates just how much the community disagrees. And that is the thing you don't seem to understand, bitcoin is a community defined construct, it is whatever its users want it to be. Is is not defined by a FOMC like entity.
Thank you I will enjoy my bitcoin with millions of other users, you enjoy you blockstream fork away from satoshi's vision that we all signed up for.Excellent points. Bitcoin is at an interesting impasse. I think those in favour of small blocks will force a fork of bitcoin which ironically creates a new chain which instead of becoming 'gavincoin' or 'xt coin' simply becomes bitcoin. This will render the original Core chain worthless overnight, when payment processors and exchanges etc follow the money and investment funding the ecosystem. To average joe there probably won't be anything to even notice other than price volatility. Either that or keeping bitcoin crippled for non-technical reasons will mark the point of decline in market capitalisation of the bitcoin chain compared with alternate chain(s). One can imagine value flowing from bitcoin to a successor which scales to the needs of the businesses and users in the ecosystem rather than a small cabal of programmers. I am reminded of the Ernest Hemingway quote about how he went bankrupt. ('Two ways. Gradually and then suddenly'.) It isn't a stretch to see a similar thing happen with bitcoin. |
|
|
|
It's bizarre how there's no bounce at all. Hit like a sack of seed.
Because people are expecting 245-255$ as a bottom, but i would rather be concerned about 30.300.000$ of longs which havent decreased at all which means that we might see a cascade margin calls pretty soon if btc falls below 250$. Something really fishy is going on. Btw finex started this quick dump, not goxobi/okgox as they usually do it . As already established half the long position wasn't liquidated at 160. We are still at 260. Also the long position is likely to be be comprised of one or many early adopters / investors / miners stash of coins used as collateral. Whilst the position is very assymetric it always has been. |
|
|
|
Down to 261 haha. Ridiculously thin orderbooks. Time to go cautiously long.
Now wil you admit it was a good call  Who said there isn't ta for this ? We're headed straight for weekly support levels after failing to break 300 AGAIN and breaking the intraday support which was at mid $270's almost as clumsy manipulation today as interventions in the gold market used to be |
|
|
|
|
Down to 261 haha. Ridiculously thin orderbooks. Time to go cautiously long.
|
|
|
|
|
The price has breached a minor technical support because someone sold 10,000 coins. We are now 10 dollars lower and still 50 dollars higher than May 2015.
|
|
|
|
Big buys @Finex.
Big buys LOL. What chart are you looking at. Still no real bounce, probably go own further tbh. $30mill of longs , everyone is leveraged long to fuck and now the market maker is laughing all the way to the bank as nobody has money left to buy this up. Just look how weak this bounce is. I hope you do realize that what you see happening on the exchanges is just kids play to get what you want when buying over the counter. So much this. And at some point in the future, maybe next year, maybe 5 years from now, they will be done accumulating and the slingshot UP will take place. And there will be no stopping it. You lot are really beyond hope. You can't be serious right ? Yeah course 'people' are dumping millions of $'s of coins accross all exchanges hoping to buy and accumalate cheaper.  Anyways. It seems you are beyond hope with your failed signature campaign. All I'm seeing is small dumps followed by more dumps by idiots like you that think they can figure out the market, while in the meantime every coin mined goes straight into the pockets of investors. READ: INVESTORS, not some small shrimp like you, playing a hot shot on a stupid forum. Pot kettle ehy hot shot, tell me more hot shot about how you know what goes on OTC. Proof or gtfo. Just another guy who thinks he knows shit, oh the investors are manipulating us to buy cheaper coins. Yeah cause if that was happening there would be people manipulating the price upwards to get more money for their coins otc. All I'm seeing is more hopium by a shit load of leveraged traders buying all the way down from willy bot antics. Meanwhile I called this move a week or so ago and have made bank again.In your own words..proof or gtfo!  |
|
|
|
So it's not a cup&handle anymore?
It's a cup with a triangular handle  Anyway the triangle looks like it might be breaking to the downside. Could we be seeing a repeat of aug/sep 2014? If it breaks down, yes we could. It would also mean that the whole July rally was misleading, being amplified by the litecoin ponzi. Anything is possible. But it hasn't broken anywhere yet. Now it broke down with volume, damaging (but not invalidating yet) the bullish scenario. If no significant buying will occur soon, then during the next days this could drift lower. Yep someone pushed us down.. |
|
|
|
Big buys @Finex.
Big buys LOL. What chart are you looking at. Still no real bounce, probably go own further tbh. $30mill of longs , everyone is leveraged long to fuck and now the market maker is laughing all the way to the bank as nobody has money left to buy this up. Just look how weak this bounce is. I hope you do realize that what you see happening on the exchanges is just kids play to get what you want when buying over the counter. So much this. And at some point in the future, maybe next year, maybe 5 years from now, they will be done accumulating and the slingshot UP will take place. And there will be no stopping it. You lot are really beyond hope. You can't be serious right ? Yeah course 'people' are dumping millions of $'s of coins accross all exchanges hoping to buy and accumalate cheaper. Anyways. It's just a matter of artificially massively exceeding supply over a short period in a market like this. If you market sell 6000 coins into the orderbook in 1 minute then the price moves down instantly. No surprise. Nothing bearish about it in real terms in the bitcoin ecosystem. Just someone decided to paint the chart down out of this triangle with massive volume on a quiet Saturday. Lemming momo traders on here will sell in fear and help to guide the price lower to the next level of support. Back to accumulation mode. |
|
|
|
|
Show Posts
