Bulls logic when price is going UP: BUY now or you will miss your chance, its now or never.
Bulls logic when the price is FALLING: cheap coins, BUY BUY BUY.
Didn't you cash out? Oh you're waiting to buy back in? Ah cool. |
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Hey Bears... *knock knock*
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SET TROLL_MODE = ON $500 in August, here we come  SET TROLL_MODE = OFF seems legit. At least the line is straight, that's an improvement around here. |
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Bulls: We're hungry! NOMNOMNOM
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Is it possible for china to block all bitcoin traffic?
They could make it harder. Block every BTC site, possibly the client. But of course there are always ways around it. If they went all out it would hurt adoption no question. |
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Probably the dumbest thing I've ever seen. lol So if there is ever another technology better than bitcoin, then what? Not implying but may as well some people get fiat signs on their boobs or private parts lol. "Show me the money".  Maybe she went long and now it's worth 25k USD? Edit: funniest part of that thread was this Meh, I still had the first one (got paid for it too)...hers came a day or two later. Not many people noticed because she slapped hers right above her vagina.
Clearly this is a bear thing. Furthest those two could forecast was the upcoming weekend.  |
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And the slow creep up begins... Sentiment: "I hope the price stays low so I can buy more. Crap I shouldnt buy too much at once i might wake up all the other bulls." Buy: 1 BTC every min  |
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LOL, nothing is clear or guaranteed in any way.
Here's one scenario which could release a lot of tied up BTC and drive the price down.
A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.
Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.
I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me.
No one needs to pump ASICMINER shares. Dude is a genius. He's selling off his 1st gen equipment, which will be considered garbage in 3 months, at 5k a pop. Just as his new shit is arriving. People are investing in him, because he clearly knows what he's doing and has a plan. Anyone who invested 5k USD in him at the start is now a millionaire. If anyone starts selling lots of ASICMINER shares, there will be 1000 people lined up to buy. While currently a little overpriced, that dude knows his shit inside and out. And like someone else said, the total amount of BTC tied up, is a drop in the bucket. 10,000s of BTC changes hands daily. The only reason we'd see dumping right now is from a few whales who helped stabilize the price before and during the conference. When the DHS news hit, between $103-$108 there were 1,000s of BTC purchased, in large chunks (100k-400k USD market orders). The DHS news clearly forced a few people to buy lots of BTC, who at some point might dump it back on the market. But since we're slowly heading up that's probably not going to happen any time soon. |
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Convert BTC to giftcards is huge. A lot of investors, miners, don't want to do wire transfers. Much easier to move it over to giftcards, spend a little here and there, without running it through the banking system.
No iOS sucked, but now you can use the website. I've used it 4-5 times already. The fees are very small.
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100% Agree! Get in front or you might get run over!  I'm not sure about major move, I do see slowly climbing into the $130s. |
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That's pretty big news. I don't like the sound of it one bit. The media could dine out on that.
Under 10% of people in China own a car. 40% of families don't own a fridge. The average Chinese person has the same buying power an 9 year old american boy. The people in China with money, will buy/hold/sell BTC as they please. Mass adoption in China was overblown, buying a fridge ranks slightly higher then BTC. Be careful of statistics, they can show anything you want. Speaking of which... China has 1.35 Billion People and the US has 315 Million. Now, the US is far and away the biggest BTC using country. Now try to put your numbers together with my numbers. Remove 40% of the Chines population just on account of the fridges for surely if you don't have a fridge you won't have a computer. But hmmm, maybe you will have an android phone. Anyway, we'll play it safe. So, there is another 810 million people, that is 2.67 times the American population. Without going any further, see where I am going? And if we continue to have currency issues peoples awareness is just going to grow. How many BTC you think we got anyway? 90% don't own a car. But they're going to use money holding BTC? There is 0 domestic economy in China. Which is their problem. The people with money, will buy/hold/use BTC. The rest? They weren't a factor anyway. Any attack by Chinese Govt, probably makes it more popular. Overall, there were an estimated 254.4 million registered passenger vehicles in the United States. According to the US Bureau of Transportation Statistics for 2009 there are 254,212,610 registered passenger vehicles. Of these, 193,979,654 were classified as "Light duty vehicle, short wheel base, while another 40,488,025 were listed as "Light duty vehicle, long wheel base." Yet another 8,356,097 were classified as vehicles with 2 axles and 6 tires and 2,617,118 were classified as "Truck, combination." There were approximately 7,929,724 motorcycles in the US in 2009. RESULT: USA: 193M cars / 315M people = 61% CHINA: 10% from 1,315M people = 131M cars 193M cars vs 131M cars is not so big difference Don't compare the USA vs China domestic economies. That's silly. It's not even close. Come back in 40 years. Currently BTC falls under discrtionary spending. Which requires a computer, net access, and of course money. That cuts out conservatively 50% of China right off the bat. Compare the GDPs, USA about 9x higher. You can't compare population 1:1, compare it 1:9. My point was, in terms of BTC, we're talking 1%. Those 1% play by different rules, they will still get BTC, they will still buy/hold/sell. Regardless of what the Govt does. Having the average Chinese person able to get into Bitcoin, right now that's not a goldmine, despite what people would lead you to believe. 2020? Probably a different story (unless of course you believe China's econcomy is a bubble ;0). Having some new restriction on the average Chinese person from accessing Bitcoin, that's very minor at this point. All the good news in the USA about Bitcoin, is what matters. China's growth is icing on the cake which the Govt can't really stop (the people in China involved with BTC have money, computers, they won't be hurt by this news). |
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That's pretty big news. I don't like the sound of it one bit. The media could dine out on that.
Under 10% of people in China own a car. 40% of families don't own a fridge. The average Chinese person has the same buying power an 9 year old american boy. The people in China with money, will buy/hold/sell BTC as they please. Mass adoption in China was overblown, buying a fridge ranks slightly higher then BTC. Be careful of statistics, they can show anything you want. Speaking of which... China has 1.35 Billion People and the US has 315 Million. Now, the US is far and away the biggest BTC using country. Now try to put your numbers together with my numbers. Remove 40% of the Chines population just on account of the fridges for surely if you don't have a fridge you won't have a computer. But hmmm, maybe you will have an android phone. Anyway, we'll play it safe. So, there is another 810 million people, that is 2.67 times the American population. Without going any further, see where I am going? And if we continue to have currency issues peoples awareness is just going to grow. How many BTC you think we got anyway? 90% don't own a car. But they're going to use money holding BTC? There is 0 domestic economy in China. Which is their problem. The people with money, will buy/hold/use BTC. The rest? They weren't a factor anyway. Any attack by Chinese Govt, probably makes it more popular. |
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That's pretty big news. I don't like the sound of it one bit. The media could dine out on that.
Under 10% of people in China own a car. 40% of families don't own a fridge. The average Chinese person has the same buying power an 9 year old american boy. The people in China with money, will buy/hold/sell BTC as they please. Mass adoption in China was overblown, buying a fridge ranks slightly higher then BTC. Today China's population is over 1344 million. (compared to 313 million United States of America, Population) News flash, China is poor. You think the 99% vs 1% is bad here? It's 10x worse in China. Most of the money is owed by a very very small percentage of the population. Like I said, 40% of families in China don't even own a fridge, because they're poor as fuck. |
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I know exactly why it went up... Last night I said f*** it and sold at 124.xx, so of course it rises to 126 today...
You sold 5 days into a consolidation channel when every damn time BTC consolidates for that long on low volume, it rises?  General reply that has nothing to do with mb300. People forget to factor in fees when they sell. Selling at $124, means you have to get back in at $122.50 just to break even. Realistically to sell at $124 you have to feel like it's going to slide down to $120 to make it worth your while. I've seen a lot of people who "take profit" and then buy right back in near the same price. Ignoring the fact they just lost a decent chunk of money in fees. A lot of those people with asks between 126-130 will buy right back in. Cancel the ask, save the fees, sell when it peaks. =) |
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I think you're the manipulator trying to manipulate us into thinking we are not manipulated.
Of course i was joking about the bear tag but you know what happens to the people who try to minimalize the AWESOME news about bitcoin.
I'm a bull. I was trying to minimize the bad news about Bitcoin in China. Try to keep up. |
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That's pretty big news. I don't like the sound of it one bit. The media could dine out on that.
Under 10% of people in China own a car. 40% of families don't own a fridge. The average Chinese person has the same buying power an 9 year old american boy. The people in China with money, will buy/hold/sell BTC as they please. Mass adoption in China was overblown, buying a fridge ranks slightly higher then BTC. |
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Maybe huge, but not HUGE.
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