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Is it a coincidence that we hit page 7777 on 7/28/14? Hmm...
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I suggest everyone simply decide on what percentage of their wealth they'd like to keep in Bitcoin. When your Bitcoin wealth, in USD terms, exceeds this percentage of your wealth, sell some to bring it in line. You will thus be placing limit sell orders on the way up. This way, if Bitcoin ever drops to $0 spontaneously, you will keep the amount you cashed out on the way up. This scenario is extremely unlikely to occur. But it's always best to diversify.
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Well, it is flat-lining the mining difficulty. So I think we have hit the equilibrium where bitcoin price=power to mine.
is that good, bad or indifferent? If true, that would mean any further drops would result in miners reinvesting with purchases of Bitcoin and holding onto mined coins instead of buying fresh mining equipment. It would essentially mean massive support. |
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Let us see if 590 will be resistance. The support that has built up is obviously nonsense (duh). Good luck folks!
This is a good place for resistance, but resistance will be very weak this time, and will not last long. 602 has much better resistance. We are Bitcoin. Lower your ask walls and surrender your fiat. We will add all proven altcoin technological distinctiveness to our own. Your central banks will adapt to service us. Resistance is futile. |
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I am right so far. This is not the year of Bitcoin, and not any other altcoin's either.
Most coins on btce are at 1 dollar and about to breach 0,X. I think we will see BTC at 500< for the rest of the year. Maybe more interesting stuff will happen enxt year?
Where is technical and fundamental analysis behind these statements? Please provide us with your research. Thank you. Fundamentally, bitcoin has lose the China market. And it is now going to be regulated in US which mean it will negate most of the benefits bitcoin have. 1) Bitcoin is not banned in China. 2) Businesses holding and/or exchanging Bitcoin for customers are regulated. Bitcoin itself is not, and cannot be, regulated. |
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Quickly! Warn inhabitants of low lying coastal areas... LMAO, I wish I was good at editing stuff. Fiat tsunami! Hide yo' bitcoins, hide yo' wallets and hide yo' altcoins cuz they buyin everythin up here! How do you say Tsunami in Mandarin? http://bitcoinity.org/markets/huobi/CNY 海啸 Hǎixiào |
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In on page 7777.
There is a lot of dumping going on this7777 thing may collapse We'll have to put in bids every 10 posts to ensure we get hit. |
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Need a new group of cashed up investors to become interested in bitcoin. Dell, Expedia, etc announcements of taking bitcoin payments have been priced in. Even if Amazon announced tomorrow that they're doing bitcoin payments (and of course instantly converting to USD$) I wouldn't expect any jump in bitcoin's price.
Maybe bitcoin is finally big enough to attract mainstream attention (and piles of cash) of Wall Street's gamblers. Not just the current trickle, but mass adoption.
When there are insured Bitcoin bank accounts, Joe Public will hold Bitcoin. Until then, the COIN ETF will allow Joe Public to invest in it. |
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Dell's Bitcoin wallet is on Coinbase. If you pay with BTC in a Coinbase wallet, you avoid the transaction fee. This implies the transaction is off-blockchain when the payer and payee are both using Coinbase. Otherwise, you pay the standard Bitcoin transaction fee for BTC payments coming from non-Coinbase wallets.
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Have the Winklevoss twins ever publicized the address where they are storing their vast number of coins?
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Try not to worry about it. Encourage adoption throughout the world. Once that happens, a very high price will naturally occur. There will be no way anyone could hold it back, regardless of how many coins they have. Ignore the small swings created by traders, and just hold until we get beyond the vertical portion of the adoption S curve. Once we reach that point, you won't want to sell anyhow, ever.
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But clearly mBTC is in no bubble. Look at that low price! Under a dollar!
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When I want to buy with Bitcoin, I first buy some new Bitcoin, then use that in my purchase. I'm not touching my cold storage. So that's a net wash in terms of buying vs selling pressure. Though the sell always comes somewhat after the buy. So you might say there is buying pressure for a short time.
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I think of the regulations as a bait and switch. Fiat needs a central authority. Bitcoin does not. So Bitcoin can survive without following regulations. We will cooperate with the regulations to get global adoption. Once that happens, the world will tell the U.S. to go to hell, and the U.S. will have no recourse.
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Obsession with the Chinese...
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Same regulations we've had forever for all financial institutions. Abandoned accounts go to the State, where they can be reclaimed by the owner. This only affects funds (Bitcoin included) kept in a financial institution, such as an exchange or bank.
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I'm not sure where you got the 1-2 years. This kind of thing happens quickly. If dumb money thinks the floor is collapsing, the sell off will be sharp. It would be another SR event, followed immediately by the next bubble.
Right now the "dump money" people think they are smart enough not to sell into another "SR event". So I expect a slow painful downtrend aimed maybe even to single digits. Nope. The market definitely doesn't work that way. Everyone tries to front-run everyone else. Such a collapse would not be a straight line. It would be a steep curve down. Dumb money would sell coins cheap to the waiting smart money, then buy the coins back later once the price has been shooting up for a while. |
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More likely is the smart money is holding back the bubble to violate trend lines and cause dumb money to sell. They pick up as many Bitcoins as they want, and then the bubble starts.
Sure, but this trick will take 1-2 years I guess. Right now everyone is too optimistic about Bitcoin, so we need way more time to cause "dumb money" to sell. I think 1-2 years are enough for that. I'm not sure where you got the 1-2 years. This kind of thing happens quickly. If dumb money thinks the floor is collapsing, the sell off will be sharp. It would be another SR event, followed immediately by the next bubble. |
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