Oooh, look, the pumpers' pump didn't work. So they're dumping again. I can't imagine why bitcoin suddenly got all unpopular, with a full 10 months of straight dumping and all. Who woulda thunk it?  |
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So what is prediction on few months from now ?
IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins. Just enjoy the cheap coins  You're so cool and witty dude. Don't you think confidence is already destroyed? Yep. Otherwise right now the public would feel that a 700, 800, or even a $1000 coin is still a good deal, and the current price is a no-brainer. Which they don't. Even as a bitcoin enthusiast, would you pay those prices? It's going to take a long time for people to feel that those are bargain prices again. A long time. In fact, it's going to take a serious influx of investor funds. Not sure when that will happen again. You're giving the general public more credit than they deserve. I'd like to remind you that the world is a big place and history has proven that it ain't that difficult to manipulate them. So I predicted "a long time" (meaning at least 6+ months without an investor pump) and your comments ambiguously refuted that. So care to give us insight on when you believe that the price will be back to even 700 again? Or are you just being contrarian for the lulz? |
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So what is prediction on few months from now ?
IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins. Just enjoy the cheap coins You're so cool and witty dude. Don't you think confidence is already destroyed? Yep. Otherwise right now the public would feel that a 700, 800, or even a $1000 coin is still a good deal, and the current price is a no-brainer. Which they don't. Even as a bitcoin enthusiast, would you pay those prices? It's going to take a long time for people to feel that those are bargain prices again. A long time. In fact, it's going to take a serious influx of investor funds. Not sure when that will happen again. |
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Not sure why people think that a BTC will be worth shit at the end.
Cant you see the price is being manipulated at this very moment? The price goes UP. Than a DUMP follows.
Imagine what this would look like without the dumps. Imagine where Bitcoin would be at that time. Just remember, dumping will not be forever. I feel a big fucking spurt rocketeering towards fucking MARS happening very soon. As in a month or two.
The dumps are only part of the problem, rising trends are suppressed with dark walls until either the market becomes demoralised or it passes the manipulators limits and when that happens its frequently followed by another round of dumping, that dump and hold strategy also shows up a lot on PM and forex markets. I'm still highly suspicious of where the manipulator's getting the coins, maybe its another goxing but if it's the bankers then they've the funds to mine on unprofitable hardware and it fits in with their dominate or destroy practises but that alone doesn't cover the volumes being dumped. Payment processors may be another source, BitPay and Coinbase don't seem to have many problems with their banks and iirc Coinbase is run by an ex-banker I agree with your thoughts on this. One add on the payment processor, at least Coinbase have said that try to sell merchant coins on the exchange market during the least volatile periods when it will affect the exchange rate minimally. I also believe that they are holding more percentage of coins now and doing more off-exchange merchant transactions. |
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699.99
599.99
499.99
399.99
...
None of these are natural exchange market numbers, where a market would naturally settle. They are 100% manipulated by whales trying to sucker more n00bs in.
There are no real buyers, only whales selling to each other. We are going down further.
thats what they want you to think! next year its going to be the same storyonly much cheaper coin at a much higher price Next year it will be: There are no buyers. We are going down to: 6999.99 5999.99 4999.99 3999.99 And everyone will say "Bitcoin is dead!"  I guess I hope it dies then?  Yes, but it's clear then that the 6999.99 top will not be due to any real public demand. Only speculators fooling people into thinking that. I guess the lesson learned here for the public for the next bubble is: buy now, sell 95-100% at the top and walk away for at least 12 months. Because everything that happens after the blowoff is a complete mirage. |
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699.99
599.99
499.99
399.99
...
Seen these before? I have.
None of these are natural exchange market numbers, where a market would naturally settle. They are 100% manipulated by whales trying to sucker more n00bs in.
There are no real buyers, only whales selling to each other. We are going down further.
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its too bad no one ever wants to make bets with me ... I know, who didn't see that one from a mile away? And someone actually PnD'd Feathercoin, wtf. Monero going down too... |
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If there is one thing I have learned as a retail investor, is NEVER buy the IPO on opening day... wait 6 months first, or you'll regret it
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Me thinks it would be very difficult to challenge 360 let alone 340 - but crazy shit happens since short/long positions entered the market.
Probably we have hit the bottom though, first good sign would be a higher low (and preferably not under 395).
I bought some at 400$, will buy again if we test 430 and bounce back...
I have lived the last 2 crashes too (30$ and 266$) but this one was scary in a lot different way, the circumstances are much different now, BTC must NOT go below 330... What is your opinion that 685 was the bubble, but was aborted early? Walls, big dumps, etc. Serious question. Not sure if I understand correctly - if you asked why we failed at 683$ I suppose it was the psychological barrier of 500eu and that after that Bitcoin HAD to break the old ATH again. Which in turn means we HAD to go at least 3000$ and we were not ready for that. Don't know when and if ever we will be, but if this was the bottom there are good chances we can do this again! PS: When you HAVE to do something there is performance anxiety, our BTC needed a boost like Viagra (willibot) lol I know EXACTLY what happened. Big speculatively money rushed back into the market in May, only due to expectations that the only bottom ever to occur this year was IN (i.e., it can't get any worse than the Mt. Gox implosion, right?), and expectations of the start of a new rally by July. When it was clear that by August a new rally wasn't going to happen, they did a 180 and bailed. Just one look at the charts since April/May tells that whole story. |
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Interestingly when I tried to enter a purchase order at SecondMarket today I received this email:
Unfortunately it is unlikely that we will be able to sell you... BTC today… we have a fairly large Bitcoin Investment Trust order that we have to fill ahead of selling BTC to other counterparties.
Bullish?
bullish. It is still pretty fucked that they do NOT have enough coins... maybe they should have been accumulating so they could fill all new orders.. dumb asses. there accumulating now.... they can't instantly buy 3K bitcoins to satisfy orders that would move price up, and they want cheap coins, like everyone else... Yeah, god forbid that anyone actually buy on exchange and move the price up. I mean, who would want that? That would show too much confidence in the market. Plus only commoners buy btc on exchanges... pfiff |
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No. Bounce. At. All. Repeat of 2011 confirmed. See ya'll at the next ATH in 18 months.  |
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molecular is bang on.
I'd rather this than boredom any day. Merchants are all using bitpay anyway, the volatility should be framed as being a result of people's faith in fiat currency, not in bitcoin. Suddenly, some people seem to forget how awesome bitcoin is.
So their "forgetting" how awesome bitcoin is and selling off is somehow a good thing? What if they forget permanently? Losing hearts and minds? Oh wait, I forgot... this is so fun to watch the price plummet! Exciting times! /s |
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This is getting really depressing. A perfect case just happened, for a bull trap to form.. and there is barely any panic buying...
Perhaps I should revise my $350 prediction for <$300... at this rate, that might even be optimistic.
All I see is whales buying back their own coins that they dumped, and shorts covering. What I DON'T see is the general public buying back in. Want to know why? Dumpers have destroyed all confidence in the market. For 9 1/2 straight months now. It's not winning over any hearts and minds. But the callous people on this thread will just tell you "Shut the fk up, it's bitcoin! It's a free market! It will recover!" Blah blah blah. |
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Obviously today continues to prove that the people that actually care about bitcoin, are orders of magnitude outnumbered by people who could give 2 shits about bitcoin.
What a great community to be involved in.
<Sigh>
I think bitcoin needs these cycles. This is how you distribute coins. Either we will face complete failure or sooner or later there will be a rebound. Somewhat like a phoenix rising from the ashes Not if those same sold coins keep getting bought back up by the people who don't give 2 shits about bitcoin. Over, and over, and over again. We can't stop those whose only goal in life is gleefully buying/dumping and buying/dumping some more. They don't care what the price is, it makes no difference to them. They will trade if the price is $400 or $4. And they don't care if no one is left to buy in the end. |
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Obviously today continues to prove that the people that actually care about bitcoin, are orders-of-magnitude hopelessly outnumbered by people who could give 2 shits about bitcoin.
What a great community to be involved in.
<Sigh>
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anything the requires peoples selflessness, to succeed ( if we all hold it will go up ) is doomed to fail. bitcoin will drive that point home. prepare yourselves for new bottom guys. technicals have been broken
And why do you celebrate this? Are you hoping to be the last man standing in this forum? yes i will hold to the bitter end. Spoken like someone who never bought and held a coin in 2014. Must be nice. Same goes for all those that bought only in single and double digits. Nothing for them to worry about, until the price returns to their levels too. |
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anything the requires peoples selflessness, to succeed ( if we all hold it will go up ) is doomed to fail. bitcoin will drive that point home. prepare yourselves for new bottom guys. technicals have been broken
And why do you celebrate this? Are you hoping to be the last man standing in this forum? |
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Shorts are decreasing as price is decreasing.
The dumps are real panic sellers.
Not even a short squeeze can save us right now.
We don't need any shorts. If we really do go up, bears will buy back, as well. Bears aren't stupid. At least most of them aren't. But what if this time it's different, and there is no significant bounce? Suppose sellers just decide to walk away for 2 years? Isn't buyers buying back what even day traders always expect? What if they crash a market so hard that people say "Ok I'm done this time." Then more miner selling, merchant selling, etc. |
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I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)
I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $100.
Private !!?? wasn't it Pirate who promised the exchange that offers leverage and asked people to lend him money for 6% weekly interest and a possibility of 120% payout later ? now anyone believed that is a fool, and the same goes for these noobs who joined at the end of 2013 and this year thinking they will multiply their investment by 100x . To be honest, I invested my money expecting to make some money, but I never ever thought or imagined I would make 100 or even 10 times what I invested, these noobs invested thinking or expecting that they will make that much of money (100x), but worst other members seem to promise them that payout if they hold... which is everything wrong with this community.... Greed. If you've invested anything into bitcoin in the year 2014 and held, you've never even made 5%. You've been underwater the whole time. Is this what noobs should have expected this year? Even if they bought in May? |
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