Why is this not going below 400 or worse ? Here we are sitting like a rock at 440, which was unthinkable back in january. Is there any genuine short-term bull case, besides rockets and slogans ? I'm a tired bear, been at it for 5 months now, and tbh im worn out. I want to close my shorts, but i've gotta play the market. I see no reason to buy before May 10, and/or whatever deadline comes after that. I'll be needing some Bull rehab after this is done.  The longest bear market was June-November 2011, some 163 days. The current downtrend is 151 days assuming it is still intact and did not bottom out at $339 which would be 132 days. So maybe the trend is as worn out as everyone watching it. Won't be obvious until a decisive breakout is seen which is a return to the $550-$600 area. |
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The millionth block should take 19 years of mining, so January 2028. But as difficulty is consistently rising, and there is a two-week lag in re-calculation, early 2027 is a better guess.
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Great. Further balanced insight into the ChinaFUD situation is needed.
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when was this? this is the best news Ive seen for months! macdonalds has the publicity to make bitcoin a common word, and as a bunch of crooked corporates they have vision to monopolise, increasing the value heaps. imagine if macdonalds would offer discount for paying with bitcoin  everyone would try it out for fun! its probably a prank. Yeah. It's a TA "tight ass" formation photoshopped onto a burger sign. |
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something is happening, this market buy/sell volumes are not normal
Price instability is the sign of a trend change. |
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Huobi is certainly on a little rip. Any idea why?
Stamp too Anyone all in fiat? Might get expensive.. |
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Mission: Impossible parts. But with every new part of the series it gets even more spectacular: the equipment is beyond imagination, the locations are mind blowing, the secret plans are super clever, the characters are cool and smart. What about firing a weapon while turning around and falling off a motorbike? That scene was so unbelievably stupid (or stupidly unbelievable), for a second I thought it must have been an Angelina Jolie movie. That's a general criticism of nearly all Hollywood movies: science is thrown out of the window when screen-writing starts. I mean consider the Avengers' hovering aircraft carriers. The steel on the real things can be up to 17 inches thick! (Wild guess here but maybe SHIELD uses lithium instead of steel in their carriers  ) But it becomes so stupidly unbelievable. I remember a car rolling down a gentle grassy slope in one of the early Planet of the Apes sequels and the car spontaneously exploded into flames. Oh well. |
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The 30 min chart on Stamp is looking like a downward red staircase today...as much as I like cheap coins, I am anxious for a turnaround.
zoom out to the 6hr chart. To me it just looks like a series of lower highs and lower lows since January. And I see no signs of a turnaround any time soon. (not that bitcoin needs a reason). From that chart it looks to me like we would at least need to re-test the 330-340 range on stamp before seriously turning around. by the way, does anyone know the price that the Winklebros bought in at? They claim they started buying in high double digits. I don't think there is a whole lot of respect for them on Wall Street and I doubt any major players are going to jump in until it's more obvious that Bitcoin is a self-sustaining phenomenon. I recall a YT interview which gave the impression a lot of their buying was around $10 to $12. |
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Humans are now gods of this universe (until AGIs come on-stream that is :-)
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The explanation I can think of for these middle-of-spread trades is a buyer and a seller (perhaps the same person) agreeing to post matching orders at the same instant at that price. Such "rendez-vous" trades could be a way to launder bitcoins and/or money in a way that would be difficult for the police to trace, even if they had access to the deposit and withdrawal records of all the exchange's clients (which the exchanges presumably provide).
No. The explanation is that OKCoin is faking volume (to make themselves "more important") with an exchange controlled bot acting within the spread. |
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"The Core" was complete joke.
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People's Bank of China ...  even the name sounds like FUD, which fucking "People"? commie fucks. Yes, the "People's" bank means a bank operating for the rulers against the people, a weasel phrase just like "FCC’s Open Internet Rules" or the "Trans-Pacific Partnership" masking the intention to do the opposite action. |
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Here is a thought experiment: imagine that tomorrow everybody somehow "knows" that the price of bitcoin would never increase, but that the price of bitcoin would never decrease either. It is simply a fact that 1 BTC will forever buy the same basket of goods. Would you expect world-wide demand to hold bitcoin to increase or decrease?
Increase, by a large multiple! Bitcoin is more useful than fiat currency, and as its value would forever be stable against goods (like gold's value is, even though gold cannot be transacted), there would be no risk in holding bitcoins. I would imagine that perhaps 10,000x today's number of bitcoin would be demanded by the market. Exactly. Bitcoin is not going to drift toward zero like Worldcom while the fundamentals are incredibly strong. http://www.reddit.com/r/Bitcoin/comments/243upz/coinbase_has_hit_12_million_consumer_wallets/ (Coinbase has hit 1.2 million consumer wallets) |
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I agree with you, the price is not going to "crash" to 400's level, however I can sense fear in your posts, I remember once you telling us that you don't do bets because it is illegal in your country and a past experience you had when someone reported you to authorities. but here you are now betting "again" I find it hard to believe or trust you anymore.
I can sense fear on this thread.....this will be my last post in this thread, I will still post in this forum occasionally if there is a need, but most likely not on the speculation forum....
good luck to all of you.
I don't care if the price crashes below $400. The problem is if it stays there. BTCE and Bitfinex have already flash-crashed to $100 this year. So spikes are always possible, it is the overall trend which is important. |
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Ghost Rider..
I didn't hold till the end on a cimena. Went out before movie finished.... That was a worst movie I have ever ever seen.
Aaarrrgh. Yes, I had forgotten about that one. Somehow I sat through the whole thing but my brain had turned to mush by the end (if there was an end somewhere in this plate of spaghetti of implausible events) |
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Every time I see this topic come up in my recent topics list I think: how nice of OP to give us one final warning. How considerate of him!
This is one of those threads where the volume of replies is massively out of proportion to the quality (or rather, lack of) in the OP. |
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Agreed with dnaleor & Adam, but not until the long-running ChinaFUD soap opera concludes.
This may be during May, but only when the global price has adjusted to reflect that CNY transfers to/from the China exchanges are severely and permanently crippled.
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As coins steadily exit China the orderbooks on the local exchanges get thinner and thinner, eventually Stamp and btce will lose interest and disengage. Both are already higher than Huobi.
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