Bears are running low on ammo, what's happening bulls? I thought you had bigger balls and a consistent attack was about to happen. You are just giving time for a big bad US Grizzly bear to wake up and start using heavy armory on those week frontlines. Well, either way we want to see some blood - is about time!  |
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Once people have forgotten about the 0 difficulty ready-set-mine-mine-mine scam where insiders got most of the bars ever mined, they should increase alot in value. Lets hope they forget. I'm holding my bitbars for now.
I am with you. People just don't now what they are saying. I want to tell them one thing that in real world Goldbars are useless until they are converted to real money. That is how BTB is going to work. And i don't have any money so i can't buy them all. I just have 0.194 and will stick with it until i see them on desired price. You people are going to repent when you will see the high price. People will never forget it's a fucking scam. There will always be someone that will remind the others about it. And I will tell you more: as soon as Bitbar reaches btc-e or another major exchange and the prices rise, the insiders who got most of the bars ever mined will just dump their coins and you will be left holding the bag. You have to be really stupid to enter a ponzi when you know that you are VERY late to the party. Is just trying to catch a falling knife, you will get butthurt. And meanwhile, "the insiders who got most of the bars ever mined" are just laughing at you. |
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Im going short here fully leveraged. This reminds me of the recent 140 high with no volume. Looking for 105ish to make me a nice 25% gain.
Was just on cam with Bitsinmyhead, was a little awkward.   |
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Wow, props to Rampion on that timing
This is only the beginning. |
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There will be a bloodshed very soon, and I see bears in a world of pain. Good luck to the ones shorting with 4:1 leverage  |
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This is jsut a waste of time - BTC!!
There is no movement. I am selling and moving on to silver or other currency!
Run while you can. Shorting bitcoin will get you ruined. |
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There is no "efficient betting". That's an oxymoron.
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Rush won't start anytime soon. And this is good. Bitcoin is not a get rich quick scheme.
Hopefully it is a get rich "at some point" scheme. I know many people are into BTC for ideological reasons. I am shamelessly in it primarily for the fact that I can make some money (or have money that will hold it's value better). Of course, there is something heartwarming about bypassing the banks too. Just don't forget this is experimental software. It could go south in one second. And sooner or later, governments will fight against it: the status quo will never give up its power, based on controlling the monetary supply, without a big fight. Bitcoin may well be the cheapest way to get wealthier, if it keeps succeeding; but also the quickest way to lose everything you have invested in it. |
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But I was too pessimistic. I still think we can go quite lower short term, but I'm now pretty much convinced that $50 was the real bottom. In my book, thats quite bullish - heck, we where at $14 at the beginning of this year
People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago. Are they really worth $113 or more right now ? Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days. The market is different from 4 months ago. Consider 11 million bitcoins. 1 million probably lost, and 75% sitting in wallets rarely moving. This leaves 2.5 million active in the market, the "free float" Winklevii have absorbed 110k for a long-term investment. Many others have done the same. Assume that 1000 people have recently taken 1000 coins each for long-term holdings as the news frenzy went on. That means the 2.5m free float has been halved. Market dynamics are complex and this could easily mean a stable 8x increase in value. This will constantly change. When BTC passes $1000 many stale coins from the 75% will wake-up and hit the market. Expect price swings like $1,700 to $700 in a few days. All the newspuppies who called Bitcoin a bubble ponzi will also wake-up and claim they were right. It continues... I give you that the next crash will be brutal. Huge amount of hoarders is waiting for triple digits to dump for good The slower we climb there, the bigger will be the depth, the better will be the infrastructure, the softer it will be the fall |
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Been posted a million times. There's also plenty of scenario's where bubbles have worked out fine. No one posts them though.
Well.... That's because they were not bubbles, or they simply did not burst yet |
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TA isn't good alone, you need to pay attention to fundamentals, which for BTC is the news as there are no other fundamentals to go by.
Smartest thing said here all week. There are other fundamentals to go by. Infrastructure (exchanges fundamentally) is still über week for prime time Buying bitcoins for the first time is difficult and slow Real economy is still a peanut. Most of it, is ASIC companies taking orders for mining hardware. But still it's improving, and real work seems to be put in Bitcoin, besides speculation |
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plot twist, CIA is after ASIC Miners!
Double-Plot-Twist: You've gone from a newbie to a full member in this one thread alone. Lebanese rebel front-man suspect detected. Jeez man, he has 137 posts, of which 131 in this thread. And before that, 2 years dormant. |
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First in, first out: that's the winner in this game.
You all know how it works,
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China is coming... the quote below is what its like to really invest. Especially a year ago when (like China now) service was thinner. tl;dr: It takes a month+ to do more then just stick your toe in. I also think that a lot of you old timers mis-estimate the time and effort it takes for a noobie to bootstrap. It goes something like this:
1. Read about it, overcome the negative stigma that comes with SR, gambling, etc.
2. Make a small investment using bitinstant (edit: or direct person 2 person, etc)
3. Learn a ton about the banking system, chargebacks, how FED creates $.
4. Ask all the noobie questions "why can't someone just [print more bitcoins, steal your wallet, turn off the network, make it illegal]". What's it backed by anyway? :-)
5. Read enough about it to stress about all the scammers hacked wallets and failed exchanges, etc.
6. Start the KYC process with an exchange that has about 5000 totally obscure and difficult to use ways to deposit money.
7. Tortuously move small chunks of fiat into the exchange
8. start buying
9. freak out about failed exchanges, possibility of USB stick failure, etc
10. start looking at paper/brain wallets
11. Get your head around the idea of actually holding your own money somewhere
12. Create isolated new install VM to make a paper wallet. You can't outsource this to some client-side web script (if you really want a secure wallet)!
13. TEST the paper wallet concept (requires an entire blockchain sync from scratch).
14. KYC finally comes through!
15. DAMMIT price has doubled :-)
This was my path anyway...
For HNWIs its got to happen with both them AND their advisor (who's gonna do all the work).
So people who might have gotten interested in bitcoin during the Euro financial uncertainty may just now be starting to move from a few hundred BTC trial investment to an actual acquisition strategy.
This is very accurate. Process is slow. YES! This is how it is! If someone can make an easier way for the average person to get into BTC there will be no stopping it. Sure there is a learning curve at the beginning, but once we choose to invest it still takes so long and is very frustrating. I have a friend that wanted to buy but never did because it was too complicated. She is very smart too and somewhat comfortable with technology, but just getting cash into BTC is not easy. I would probably have invested even more if it was easier to do so. It will certainly help, but honestly I don't think I would believe in Bitcoin and cryptocurrencies in general as much if I hadn't spent that much time wrapping my head around them. Short term, though,you're absolutely right: being able to get money in and out easier would (and will!) mean the future bubbles or hype cycles are potentially huge... Both points are entirely correct. I guess that everybody with a few Bitcoins, even if they where bought in the middle of the bubble, a verified account and some fiat in an exchange can rightfully call himself an "early adopter"  |
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There's +170k BTC on the selling book. If sellers believed they were worth less than $113, they would be selling.
Agreed. There's 2.7M of fiat between $100-$112. No one wants to cash out 25k coins for 2.7M? So if the buyers think it's worth between $100-$112 and every seller thinks they can get more then $112, that's an awful lot of people who have some measure of confidence in BTC. And now we can get amazon giftcards for BTC again, yaaaayaaaaaaaaaaaaaaaaaaaaaa. Well, you know how it works. A little dump, bids get suddenly pulled, a slightly bigger dump, panic, lag, spreads get huge, more panic, Gox crashes, market cool down... And when they reopen trades... Puff, and it's gone |
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