|
Yes its people realizing that the bank of china notice it's serious because baidu already stopped accepting bitcoins. Add some "bitcoin is banned in china" fud and voila.
|
|
|
|
I've watched bitcoin closely for over a year now. I sold 70% of my position yesterday. There was sooooo much hype behind BTC and it appeared buyers were drying up around $1100-$1200.. we put in a double top. It is not bouncing back like it usually does.. I say we are def in downtrend mode and will go as low as $600 MINIMUM... more like the $300-$500 range.
I think we are in downtrend for a while now but a "THE END IS NEAR" isn't the place to discuss double tops and elliott waves  |
|
|
|
Can we ban OP?
/yawn. Day late. Misinterprets what actually happened. Spreads FUD.
Actually OP is 100% right. This is the reason why the price drops. Because people think that china banned bitcoin. That is not the case of course. I don't even understand how anyone could be so dense as to "think" that that is what China did. It has to be an intentional attempt to spread misinformation. Are there really people out there with such poor reading comprehension and low intelligence as to not really know what happened? Yes and also there are some people that understand exactly what happened and take advantage or it. In any case so far the price looks pretty stable given all the doomsday headlines. |
|
|
|
|
It was china. With chinese exchanges even hitting 1000$ way before anyone else did and news like baidu accepting bitcoins flawing all over the place. And that explains the recent drop. China drives the price both ways.
|
|
|
|
|
We are in a downtrend and thats obvious to everyone except the usual fools that even if price goes down to 100 they 'll rant "bear trap".
Obviously there isn't a chance for such a drop but it will take more than one or two good news to reverse the trend.
|
|
|
|
I don't trade (buy and hold only) so I really don't have a dog in this fight, but just about every sign on every exchange (except btcchina who is still asleep) is screaming bull trap
Care to point out those signs to the rest of us. I hear hoarders and bulls talking about bear traps but noone provides any real data on that. |
|
|
|
You should provide collateral that people can accept. Anything else is just small talk and it will not help you to get a loan. Just think that there are like 100 people / day asking a loan like you |
|
|
|
|
Don't peercoin has some king of a central system to provide checkpoints? While this isn't so good in terms of decetralization seems very effective for network attacks.
|
|
|
|
Can we ban OP?
/yawn. Day late. Misinterprets what actually happened. Spreads FUD.
Actually OP is 100% right. This is the reason why the price drops. Because people think that china banned bitcoin. That is not the case of course. |
|
|
|
Speculate as to why I am wrong, but put up a shit argument like "you are wrong because you are herp derp" is somewhat poor.
Ok i 'll choose a random graph from google. Then i 'll close my eyes and point somewhere at the graph. Then what? Oh ok got it. I 'll go to mspaint and edit the graph saying "WE ARE HERE". Excuse me but i have a different view about speculation. Evidently your view includes personal attacks over any logic or data. I 'm still waiting for the arguments. Hint: Random graph edited on mspaint together with "i believe it's a bear trap" don't qualify as an argument. |
|
|
|
I don't think that you can find people that are more hardcore hoarders than early adopters. Most of them just hoard and wait for the price to hit 100k or 1m $.  they have been pumping and dumping and making millions from that alone. when they feel the market can't bear more, why not dump and abandon all? what does it matter to those who have made a hundred million already? You are talking about speculators. I can hardly find any speculators among the early adopters. |
|
|
|
Could you guys do me a solid and continue panic selling for two more days? That would be awesome. My funds are on the way to the exchange.
Because you can be sure the sky is falling, a guy on the Internet said so.
Why do you care so much? You look like such a bull that a price of 800$ or 1000$ should hardly make a difference for you. Or you are not such a bull after all and you think that 1000$ is the ceiling? |
|
|
|
Hmm.. I still dont get it how to interpret this "loop".
Correct me if I am wrong: The price goes down to a certain kind of level, then someone just put a big buy-order in the pool, which will rise the price. And what they`re doing next? How they are going to make money out of this?
Best regards,
zugende
It looks like they just repeat the order book. Not sure what happens with the new orders though. |
|
|
|
TLDR: it's hard to double spend but easy to catch. If you try it, you'll get caught before you leave with your coffee and look like a scammer.
I guess that they 'll try to double spend after they take their coffee. I mean how long does it take to get a coffee from starbucks  Then it won't work. The longer you wait to push the second fraudulent transaction, the more likely it is that the real transaction has already propagated across the network (and thus the fraudulent transaction will be ignored). Well i guess the kids that will try to double spend their coffee they will not get that hurt if their double spend attempt fails. I think people will try it only for fun anyway. Regular customers that do that will get noticed anyway. |
|
|
|
Speculate as to why I am wrong, but put up a shit argument like "you are wrong because you are herp derp" is somewhat poor.
Ok i 'll choose a random graph from google. Then i 'll close my eyes and point somewhere at the graph. Then what? Oh ok got it. I 'll go to mspaint and edit the graph saying "WE ARE HERE". Excuse me but i have a different view about speculation. |
|
|
|
|
I guess people think that 1000$ is a sure bet sooner or later so 800 looks cheap and promises a fast 25% return.
|
|
|
|
I don't think that you can find people that are more hardcore hoarders than early adopters. Most of them just hoard and wait for the price to hit 100k or 1m $. |
|
|
|
So wich part of my brain fucked up... The math...? Or seeing 7mil going to 9mil causing me to think it was bigger than usual...
You mean 700mil going to 900 mil... I 'll go with the math part |
|
|
|
To me it looks like bear trap in awareness phase.
To me it looks like you are saying this in every dip without having a clue about what you are talking about. Bears are out tonight! U mad bro'? Go ahead, panic sell, see you on the other side (again). So someone that isn't talking about things that don't know is a bear? You should google the term again. In any case just leave it to those who know. Repeating "bear trap" or other terms that you heard some weeks ago on a forum don't add something. Your hard on for me is distasteful. Attack the argument not the man. Well obviously i couldn't care less about you but attack what? Anyone around that can help me understand the arguments in that post https://bitcointalk.org/index.php?topic=360110.msg3854493#msg3854493 ? |
|
|
|
|
Show Posts
