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there is now 183$ 0$ holding us at or above 570
panic time!
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Bitcoin Turns Digital Gold as Faith in Dong Ebbs: Southeast Asia
By John Boudreau and Mai Ngoc Chau
July 31 (Bloomberg) -- “I don’t really trust the dong because of the way the Vietnamese currency is managed,” Kien [ said] “It’s not transparent. Gradual distrust in the dong motivates people to use bitcoin.”
Bitcoin evangelists are really getting desperate.  i know someone how knows someone who invested in the dong he literally had a briefcase full of dongs i know it sounds like a joke, but its true he likes dongs! |
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What a surprise. People are panicking again.
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imaginary lines broken, nerves fried, fiat scared shitless, hodlers become dumpers, spectacular! when the price falls we remain! when everyone looks for the exit we remain!  |
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in OP's defence
bitcoin was pretty useless back them
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when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market  Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes. When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks. By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close... what's the point in crashing the market if it doesn't make you a billionaire? stock market crash = big money moving, moving where tho? Nobody knows, so it will start moving crazily. You can bet CPI inflation will be quite high in the next few years well fuck. i'm not the big whale cashing in on the cash, i am a consumer and I like the price index right where it is.... <- little guy getting fucked by the system |
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when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes. When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks. By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close... what's the point in crashing the market if it doesn't make you a billionaire? stock market crash = big money moving, moving where tho? |
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get that blond girl to sing that and price is gana explode!
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no time to explain.  hodl on tight! |
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when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market |
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i wonder if the launch of coinapult's locks yesterdays has anything to do with all this selling. |
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Bitcoin rallied from $568 to $579 on Stamp - time to post trains yet?
we're down 0.64% for the past 24 hour 3.00% for the past 3 days 7.50% for the past 7 days 7.50% for the past 30 days 29.35% for the past 90 days  |
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People are sitting here freaking out of a drop from 620 to 570. It is nothing.
Shit I remember in September-October, bitcoin was hovering around 120-135 all the time. I didn't even care about the price at that time as I wasn't trading, and I don't think anyone normal (not a trader) is worried about these price levels.
Bitcoin was a long term investment for me and I couldn't care about 20 dollars price swing and I am sure most people don't.
Anyone freaking out now is for sure overreacting.
not everyone is holding 500%+ profit coins with nothing to worry about. |
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the Goxxing is never ending. |
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<575  |
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Current bitcoin trading recommendation:
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Quote from the willy report. Mt. Gox was always, always, the first mover. BTC China seemed to react within 1 or 2 minutes, sometimes leading to a higher proportional rise in price, sure, but it was NEVER the first mover. In my eyes, this means Mt. Gox and not BTC China was leading the market. I have yet to see any good arguments against this report. [ ... ] Do you honestly think btc price would be in the hundreds if it was not for MtGox? When I looked at the plots in that report, I had the exact opposite impression. The price at MtGOX increased by large discrete jumps every time "Markus" did his buys, but there did not seem to be an immediate echo of those jumps in China. My reading is that "Markus" was merely doing arbitrage with China, buying cheap coins at MtGOX and seling them over there (presumably on BTC-China, which at the time had the largest volume). Later, when "Markus" was replaced by the "Willy" robot, it became harder to tell who was leading. Note that the bubble started two months after Huobi's opening and 4 months after OKCoin's. The volume at Huobi grew steadily from ~130 BTC/day during September and October to ~30 kBTC/day in November, and the other Chinese exchanges had similar growth. In November OKCoin had ~30 kBTC/day too, and BTC-China had ~50 kBTC/day, whereas MtGOX barely had dubled its volume to ~25 kBTC/day. On Nov/18 and Nov/19 there were large spikes at those three Chinese exchanges; at Huobi and OKCoin the all-time high actually was on Nov/19. The corresponding rises at MtGOX on those days were much smaller (the high was only 3/4 of the Nov/29 ATH). To me, all these details (and common sense) are more consistent with China, rather than MtGOX, driving the November bubble. Whether "Markus"/"Willy" was doing its thing with real dollars or with virtual "goxDollars", and whether its owner eventually got the money out of China, are separate questions. The claim that *I* find absurd is that a single trader at MtGOX could pump the price up from 100$ to 1200$ over a whole month, all over he world, including the huge Chinese market -- and that the the price would stay at pumped-up levels, six months after MtGOX's collapse. oh come on people, where you not there? at one point there was so much activity exchanges all over were lagging / crashing constantly. it took me an hour to log in and make a trade! this was no 1 man pump... this what happened:  thank you Jorge, it is an absurd piece of FUD... |
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