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The slow march higher continues..
Hopefully we get an uncontrolled move upwards soon!
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Now we watch the bull despair begin to rise as the price stubbornly stays sub 240, leading to an eventual fall back to 220
Someone is caught short... |
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will test $240
Hmmm, candles are curling down now... some sell volume coming in on Bitfinex. I think there is more to this dip incoming. Gonna wait it out before I buy more BTC. It may have to retrace the whole rally. Waiting out LTC for the moment too. Not sure where you are looking but right now the price is 4 btc below 234 and there is no sell volume on bitfinex!  |
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Dumps are fine. It redistributes wealth.
Into the hands of those manipulating the price? |
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Coiling for a huge move.
A lot of money has been accumulating a massive long btc position.
Bull case: blast off and explosive end to bear market, ushering in a moon shot as the halving draws near. 'Obvious in retrospect'
Bear case: manipulator owns a lot of the long position and will close it crashing price through support down to zero or below. 'No more fake recovers'
Boring case: the long position is held by miners using btc as collateral - cannot be margin called. Supply meets demand. Sideways until halving and gradual price increase with occasional spurts.
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Some will be sold.
Some will be kept by miners.
Either way, the bitcoin economy will need to absorb 1,314,000 new coins. At $230 per coin, that's 300 million dollars to break even.
At any given time, someone can spike the price up to $500 or $1000 or more. But don't be fooled. It won't last because it can't last. The trend is down because Satoshi designed 2015-2016 to be part of the distribution phase. Controlled supply somewhat guarantees that there will be buying opportunities for years to come.
I only wish I'd learned this earlier.
You don't understand bitcoin. |
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Whoever is accumulating the long position needs to push us up a bit and set off some fomo..
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If bitcoins price were driven by commerce the would be around 10-20 cents right now.
That would mean a market cap of just under a million dollar which is still optimistic. Rationally it would even be something like 10 - 100K.
Nothing changes..lol |
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Soo... basically nothing is happening and they just hope people don't see what's going on and start buying funny internet money on which they lost millions... okay..
No. They bought at 15 dollars IIRC. You sold at 10. Lol. |
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Price would be a yawnfest if it werent for the growing leveraged long position.
Big move coming soon.
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Nice dump!  The price is dumping upwards. Is that what you meant, Kwukduck? |
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Longs up to 28 million. Shorts about 22.5k.
Boring day. The increase in long positions may indicate some upcoming news.
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<troll crap>
If you believe that, you should short as hard as you can. I believe they are bringing fiat liquidity to the market, making the value of their own coins increase. Hodling their own coins and buying coins on exchanges for the ETF. That's what I would do in their shoes. Stop talking to the troll |
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Sorry, but i cannot respond anymore. A moderator just forced a 5 days vacation on me. My beliefs were somewhat considered as being "trolling".
Thank you!
卐Moderator卍, please do not delete this message. People will panic if they find out i'm missing from this thread for more than 2 days.
Best regards,
YourMother
Lol. Moderators are doing a great job IMO |
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It fails to include P2P transactions for goods, where (if you ignore the middle men of obtaining the bitcoin, as you do with cash) it not only performs the same, but above cash, due to the reliable 60-minute waiting time (at the moment, with a $0.0001 fee) one must wait for bitcoin to "arrive" (multiple confirmations of the transaction), regardless of where in the world you are sending bitcoin to. Not to mention that you never need to worry about change.
I described the majority of transactions for different payment types - not all transactions. P2P transactions in Bitcoin are extremely rare. Er..how do people get cash or money in the bank? |
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i, troll, bought 3 more bitcoins Snap. Just bought my weekly circle allowance. Cue crash :p |
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[comprehensive list of NLC accounts]
Can you actually see any posts in this thread? Haha, may times empty pages... Yo macsga, when we Grexit? So bored waiting for it and/or BTC moon lolz There's a whole thread about it. Check your PM. My other half is greek..pm a link! |
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<troll crap>
lol, you think that's scary ?!? Ahh its just seeking attention. Just better off putting on ignore. Quite right. |
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If that sell wall was real it wouldn't have blipped away and up the ask orderbook the instant any buying materialised edit: A lot of the selling appears to be new leveraged shorting.. |
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