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The price is being pushed down, meanwhile it is being acquired!!! Trading bot formulas are designed to accumulate shares/ or bitcoin without increasing the price to crazy levels, You can buy options on bitcoin so to go in with 5000k or 500 orders the price would shoot up and ppl would jump on the trend and price would fly. So do do this you sell .00000001 at a lower cost(take loss)over and over and over to keep the price down to a level above support. then you buy back more then you sold from bearish sellers. It's easier to do with bitcoin than with stocks because its so divisible. and costs little to sell. You can do the same thing in the reverse buy agreeing to buy .00000001 for more then its worth over and over and over! Its easy to do when you have multi million dollar black box that is trading for you on an exchange in china that doesn't charge commissions on trades... Thats why you see the charts so smooth. So quit worrying about the price and trying to get rich a week after you bought your coins... You should probably sell and pay back the loan you took out to buy the coins, or pay that visa off that you used at coinbase!
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From where comes the 115.2 Days prediction ? I dont get it
It could have to do with a golden ratio, if the person assumed that the motion toward the peak at $266 started on Sunday, 7 October 2012, or 186.4 days before. Then if in his idea the start of the motion toward the latest peak at $1242 started on 23/08/2013, then 115.2 days we would get us the golden ratio 1.61. So by using length in time and not price, that could give the angle of 137.2 degree. But that's getting beyond my maths skills, so i'd just say fib time zone/shooting apex/fractal theory applied to btc ? I agree, Nature is crazy!!! golden ratio and fib could have something to do with it. Its beyond my math skills also.. But im a total believer in that stuff! |
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You do realize if the blockchain somehow magically disappears those paper wallets are worthless right? What do you mean by this? Blockchain.info doesn't have anything to do with paper wallets... What? Blockchain.info is a site. THE blockchain is Bitcoin's public ledger, where all transactions get stored. You need to go read on Bitcoin fundamentals. Thanks Voodah! Lot of retards on this site! |
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It's not rising because most of the inflation is passed to other countries requiring dollars to buy oil, then that money is turned around and used to buy US bonds. Its a Circle jerk, also every country out there is in a race to debase there currency. Other wise the goods they produce would be more expensive to make, then the imports they send to the US to obtain dollars would be harder to get because the are competing against other countries that are importing to the US. NAFTA was a must to keep the free imports coming! So they dont have to use their own money to buy dollars causing massive currency scarcity in there own coutry. I love that everyone is all about bitcoin.. But money people need to go read and learn about money. Like really learn about the US dollar and the true history behind it. After you do. Price really doesnt matter because you know the dollar will fail and anyone holding any thing other then bitcoin is going to be fucked. You might be like i have gold and silver... Well you need to think about that for a second... Under Obama care everyone has to register there holding and the exchanges have to get proper identification on who owns these precious metals. Think they can't or wont come get your gold?.?.?. Its already happen once in the past 100 years and it will probably happen again. Also it was illegal to even own gold bullion... Im not a gold bug but i do know that atleast no one can take your bitcoins. So that in its self should be all the more reason to never sell!
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This is exactly why there is no reason to cash out!!!!!
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 so this is the germany paper mark / german gold mark money after WW1 looks alot like the dollar / bitcoin..... so if there is a bubble its the dollar not bitcoin! read here,,, http://www.usagold.com/germannightmare.htmlor read a little below The mechanism of inflation was simple. The government issued paper promises to pay, and the Reichsbank issued money on the security of these promises. When a government spends more than its income, it must borrow. If it merely borrows money from its citizens by selling them bonds, there need be no inflation. Instead of that money being spent or invested by the citizen, it is borrowed and spent by the government, but the total amount of money is not increased. When the government needs more money than its people are able or willing to lend it, it monetizes the debt. That is what happens in this country when the government runs a big deficit. The Federal Reserve (our central bank) "buys" as many bonds as necessary to stabilize the market. It prints money on the security of these bonds. Despite the facade of the government supposedly "borrowing," the net result is the creation of printing press money. (Actually these days the money is created in the form of new bank deposits--checkbook money--but the net result is exactly the same as if bills were printed.) This is what happened in Germany. The government issued notes which were promptly discounted by the Reichsbank, i.e., the bank issued money on the "security" of these worthless notes. To compound the evil, the bank failed to raise its interest rate sufficiently. Businessmen found it very profitable to borrow money from the bank and buy up goods, shares and companies. Their debt was wiped out within weeks by the rapid inflation, and the businessman remained holding the valuable assets he had bought. The net result was a huge "private inflation" caused by the rapid expansion of credit. Even foreign exchange was bought with borrowed money, so that the Reichsbank actually financed speculation against its own currency. Yet the bank refused to raise interest rates, arguing that this would only add to the cost of business and thus would increase inflation! The tax system virtually broke down. Businessmen found that by merely delaying tax payments, the depreciation in the mark would virtually eliminate their true value. But the government, lacking adequate income, felt forced to resort more and more to creating money. By October 1923, 1% of government income came from taxes and 99% from the creation of new money. |
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i'll just leave this here.  I just love how high the moon is!!!! |
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bitcoin can grow forever because there are multiply ways to get it like selling goods and services.... You dont just have to buy it! Think about it!!!! Yes if the onlything i could do with a bitcoin is trade it for cash then yes I would be like hmmm how much higher can this thing go, but when you can trade something for a fraction of it... It has potential to go to the moon and beyond. And goods and services will just keep getting cheaper and cheaper.... Will be like Thiland in the US... and Thiland x 100 in Thiland! Since they will be the last to jump on board. So quit with the F#cking bubble shit already, Sell you coins or the 1 coin you have and leave! I will need a gardner,a butler, and maid in the future so dont buy any bitcoins and sell the ones you have!
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boy o boy, who is ready to dump ripple for some good old JPscamCoin?
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its because miners control supply, why sell if you cant make ROI Supply doesn't only include newly mined coins. Yes fees and ppl that wanna take profits too. But also you have mom and pop that just bought their first coins or are looking to buy their first. Most ppl when they buy stock they never plan on selling it. And most mom and pop will treat this as a stock. Until they relize they can spend it. So I think that most new volume will come from new Highs or new Lows |
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it just worked for me, first time hearing it!
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I just read that Washington post article, what a retard! People think that you can just import the supply to dump the price! Considering the people controlling the supply are always changing. The people with the most mining power are always fluctuating and they always realize that you just can dump your coins as you make them you need to hold for better ROI or you are basically mining for free. So to get a huge dump only comes from ppl stealing them from sites... Once that stops, No more 35% drop. I watched the five, 5000 dumps during the last crash. They were all sold at the market, plus there was a huge Ddos attack on all the exchanges so ppl couldn't cancel their buy orders if they wanted to. So yeah of course the price dropped, but not because people weren't buying, Another book smart nerd that can't think for himself. Probably gloating in his office about how he thinks he can pick up some coins for 5$ around FEB.
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its because miners control supply, why sell if you cant make ROI
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Coinbase still says $963.67.... so wtf are u talking about?
And no, I wouldn't be surprised if we hit 3 digits again in Jan 2014
Screw the 4 digits... the real question is when will we get to 5 digits?
Gox is $1035, BItstamp $980, they're all headed up in a slow climb. We went from 2 digits to 4 digits, so hopefully we have the new spike in april to 5 digits and then nov for 6 digits. I'm ready to just walk around with .001 in my blockchain wallet and have plenty of spending money! yes i have a iphone(dont hate) |
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So everyone knows they pass the law about no bailouts for banks right. Well who owns most of the property out there. Banks do. What better way to buy up all these banks and there property for nothing. Have them fail do to the fact they arent making anymoney on fees. Most banks no longer hold there loans or mortgages they sell them. So where are they going to make there money when the FED is demanding payments on the money loaned to them. Or to even keep the lights on. They probably won't be able to pay. So it will be a F#ckin fire sale of the banks. But wait what banks own the FED,,, O yeah they will have unlimited loan power to buy up ever mom and pop bank out there. I think that happen in the early 1900s too. Don't quote me. Well it will be a circus that is for sure!
Any comments or disagreements or things to add that I might be wrong on. Feel free to add plz.
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I agree with all the points that there are still billions of people with just a faint understanding of what Bitcoin is or how it could benefit them and perhaps many who don't even read the technology side of their news sources. My point though is that no amount of generic news or hype will get these people into Bitcoin. Most people aren't aware of the problems associated with governments fiat printing and probably couldn't be asked to do anything about it if they did. As far as they're concerned Bitcoin is a solution without a problem to fix. Think about something like 'Evernote' app - people who use it swear by it and think its the greatest thing ever, those who have heard about it once have already gotten into it or thought its not for them.
Another cycle of hype/awareness and a series of news reports is not going to be whats going to convince those lazy sheep of the population to finally get into Bitcoin. The type of people who would be interested in being early adopters in Bitcoin have probably all been exposed to BTC and already made their decision.
So if we have really run out of early adopters that will jump into Bitcoin sheerly through awareness/hype - then any further growth has to come from actual improvements in usability, practicality, and yes trust. What I'm saying is we can't rely on a subset of a population (early adopters) just 'hearing' about Bitcoin for it to skyrocket any longer. The news from now on has to be things like major businesses offering attracting discounts for BTC users, or maybe some businesses accepting only BTC (forcing users to it), or perhaps a new application of BTC that is so much more conveniant than anything else (perhaps in gaming or something), or a major financial catastrophe etc..
People have gotten abit greedy over the last 2 boom cycles that its super easy for BTC to appreciate in value - but I feel those 'easy' manic growths are over and from here onwards its going to be a slow gradual grind gaining increasing acceptance. Institutional investors are the exception here, if they get into it we can see huge gains again without much infrastructure/usage developments to back it.
Why don't you just sell your bitcoins and leave the forum. You were talking about how China's new was a gamechanger and it was over. Ok. Maybe you are right. So why are you here? Obviously most people on here believe that bitcoin has a viable future and will flourish. Most of us weren't expecting to be at $1200 by November. But it happened. What can you do? We only have to grow 10x more to get to 10k. We grew at 700x+ this year. So do you really think its unreasonable? With the ETF coming out. With more merchant adoption. With exchanges opening up in different countries. With VC projects like Circle.com working on creating killer apps and merchant adoption type online applications. So, this is as high as it EVER goes? If you think so, great. Most of us have a different opinion obviously. I could ask you the same question. What are you doing in this thread. Why not just leave and keep quiet. What are you doing here ? Just join the "price goes to 10.000" guys. No reason to attack people who obviously have a greater sense of risk coming with Bitcoin. Some people are shouting even 5000 next year. It is very rude to discredit people who have valid points. For me you look like another angry bull who is fearing to lose part of his investment. Ok. But I do not think the hype/awareness "stage" is over. I do not think a majority of the worlds population knows about bitcoin. Also, most people have to hear about a thing several times before they adopt it. Yes, bitcoin has been all over the news for two months. But most people still dont understand it and its not easily accessible either. If there was a cool app that allowed people to easily grab and use some, then that would be another story. I think there is plenty of more awareness to go. As far as hype, news stories run in cycles. If bitcoin goes to 2k there will be more hype. 3k? More hype. ETF. More hype. U.S. exchange. More hype. Plenty of room for hype. This kind of reply I can appreciate. Here are my responses to your points: -People have to hear about something multiple times before adopting: This is true , some people behave this way. However this is a gradual drawn out process whereas early adopters are quick to jump on something almost immediately. At this point the people who will jump on Bitcoin almost immediately upon hearing about it, I would argue, are exhausted. There are millions of people who will adopt it later when it makes more sense for them, but thats another stage I believe like 'mass adoption'. -Bitcoin not easily accessible yet/no cool app: These are developments that will bring in more people I agree but this is what I would call technological/infrastructure/usage developments. This is not part of the hype/awareness stage. -Hype will keep building at 2k, 3k etc: I don't think those milestones will be as impactful as when we hit 100 or 1000, perhaps at 10,000 it will be enough to turn the heads of some real whales, who knows. This is kind of a circular logic though, you're saying if it keeps rising then it will keep giving itself hype to make it rise more and so forth. And the point is hype only affects a certain segment of the population so this tactic has to stop being effective at some point. I guess what I'm saying in a short sentence is: we might have reached a point where new hype should start to give diminishing returns in terms of adoption and consequently price appreciation.10k not till 2015, Ouija board told me so! |
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9 of 10 people I talk to, don't even want to understand the concept of cryptocurrencies and just dismiss it from the beginning.
1 of 10 people I talk to, would like to understand, but can't wrap their head around the concept (yet).
Once in a while someone gets it and join the movement.
2 hours ago I sat in a bar with 2 friends when the topic changed to bitcoin. After 10 min of discussion they said "lets talk about something else, this bitcoin thing is boring." And thats from people who heard about Bitcoin for the first time a year ago.
I sat there just thinking "WTF?" I tried to explain to them, why cryptocurrencies may be important for the financial future of humankind and that it's worth to take the time trying to understand the possibilities and consequences.
They brushed it off like the financial system we live in right now is Ok and there is no need to question it at all.
We have still a long way to go...
broke ppl stay broke! |
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the public wont even start buying in until its over 10k
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