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6000 BTC DUMPED ON STAMP!
and this time if it dissappears, I got the screenshot to prove it.
how many threads per day are you going to make telling us what buys and sells are going on? honestly just make one "matthecats: doing meth and reading charts" thread |
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If it was the case that the wannabe Bitcoin whale is simply 'mining' current holders of Bitcoin when the difficulty decreases then his market timing is miserable. There was far more coins than that going for much less on the correction down to $767 on Stamp. If someone wanted to own 100K Bitcoin, I would presume that he had rock solid belief or knowledge in Bitcoins long term viability, and therefore his trading bot would be coded not to miss a 'decreased difficulty' opportunity such as the Huobi instigated slide on Friday morning.
I see it more as a trend altering purchase from some whale who didn't want to see Bitcoin slip back down under $800 for whatever reason.
why do you feel a person can have huge ammounts of fiat ready on all exchanges to take advantage of the best price on any of them at any given time? is it not possible someone wired to money to whatever exchange and simply bought the total when the price was at what they felt was reasonable given there expectations? |
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well, nothing really would surprise me at this point. there is so much in the works.
China - say no more.
Gox - say no more
FBI selling coins. only the FBI knows when and how they will go. they may have some information. perhaps there is unexpected demand to purchase a lot of coins at auction to avoid market orders. for all we know they have already been sold.
There are so many exchanges ready to open and in the pipe works. like a nuclear bomb this thing is about to reach a critical mass. BT just needs a bit more liquidity and visa/paypal will be redundant. There is money in the shadows.
HSBC banning large withdraws. I think people are being driven into BC at this point as major banks in America and China are showing signs of default. Germanys gold is gone.
as wall street enters at this point in the stock bubble a new layer of support may be hidden.
could anybody make sense of all this?
my gold is gone? source pls... |
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I think from back at $200.00 (technically 50.00 but less so) until now and moving forward; One could consider the perspective of the "Modern BTC miner". This being wealthy people who have interest in the speculative aspects of BTC. You know, the types who want 100,000 BTC or more. I'm sure there are more who want / think they will get 100k than there are total coins to be minted. This is just considering those at 100k; think how many will / do want 10K, 1K..... These Modern BTC miners are mining a different blockchain, so to speak. Their perspective must be different, since money can't build you a computer to mine 100k BTC. Coin parameters: Blockchain = BTC Holders Total Max coins = 210 (21M BTC / 100K per person)Difficulty = Market sentiment (overall bullish or bearish market at a given time) (bullish = higher difficulty / bearish = lower difficulty) Block Reward = 1/Market price (eg. 200.00 buy = .005 reward / 800.00 buy = .00125 reward etc) Reward Halving = every 2x market price Algorithm = Proof of Rumor / Psychological It seems if you look at the "modern miners" from this perspective, the recent activity should make more sense. This is very similar to mining the BTC directly with computers as most are used to. The only difference here is the blockchain is now you. You can modify max coins produced based on how many you "feel" wealthy people will want; eg- 10K = 2,100 max coins. As you can see from above, difficulty can be hard to control / regulate (just like with normal mining) and times of lower difficulty are good to mine (buy). However, block reward is a key point; from this perspective. As both a reward reduction and halving can occur rapidly; whereas this is not the case with traditional mining being set. Essentially, someone noticed the lower difficulty (bear wall) and decided to turn on their ASIC (big wallet)....Seems they found a few blocks.  this was really funny/good. made much better by mat commenting he couldnt get it. @mat , i took this as him talking about a way of thinking/reasoning comparing generating bitcoins near the beginning of bitcoin with people having to buy hardware or computers to mine bitcoin and contrasting that to how people with large pockets view the current btc market and the way they can protect their share of coins in the way early adopters did. edit: dammit he came in an explained himself before i could get that post out =) |
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ABANDON THE SINKING SHIP PEOPLE!
BITCOIN WAS A FUN RIDE, BUT DON'T FOOL YOURSELF! THE BITCOIN PROPAGANDA HAS BEEN SPREAD SUCCESSFULY, BUT THIS IS THE BEGINNING OF THE END!
Governments and banks will NOT allow bitcoin! It will ALWAYS be associated with criminal activities! The Chinese own between 65 and 80% of all Bitcoins! If they dump, it is the end of bitcoin!
The limited supply doesn't mean anything! When bitcoin drops, all interest in this currency will be lost! Bitcoin was an extremist, and some people have become FILTHY RICH out of it. Now it is time to dump because they have milked the last bit of drops out of this cow!
Don't say nobody warned you! Don't come crying here and say ''I should have listened to you!'' in a few days! Because that won't help, you won't be able to undo your actions!
SELL NOW, BEFORE EVERYONE ELSE DOES.
When the panic selling starts - anytime now - you are already lost! By the time you have entered your sell order, the price will already be $50 USD lower, and it will continue to plummet until you realize that you have lost HUNDREDS of dollars in a matter of SECONDS.
SELL NOW!
before this post I had considered ignoring you, but figured at some point you have have interesting things to say, like proudhon sometimes does. after this post I dont think that I will miss out on anything. Plus, you were clearly ignored already by so many people you have to make a account just for this thread... |
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bitcoinlitcoinbtcltc, I agree with your analysis, and I'm grateful for your service. I have confirmed you as a verified and trustworthy bad news source.
Also, please contribute to the confirmed bad news thread, so people can see all the confirmed bad news in one place. Thank you, again.
I think it will go down to around $350-400 like the last crash. Maybe even a little bit lower. Remember people, last year it crashed from 266 to 50. It went down 82%. It could go down to $150 just as easily (same percentage). because it went down EXACTLY 82% it WILL go down EXACTLY 82% from last ATH, so clearly anyone buying over (.18xATH) is doomed. also, in this scientific and prooven maths formula WILL hold true on all future price gains, forever, unchangingly. if price falls only 20%, 30% hell even 80%, we have not seen the bottem. 82% is the ticket people... even Jesus Christ told of the powers of the 82%, because he lost 82% of his weight after dying, only to return to All Time Highs in heaven (da moon) |
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OP, please add a 00.0001$ option for coin. this way i can turn my laptop upside down and vote properly.
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"get it now??"
no i do not get how that matters... are you saying a tank will come down my street shooting at me or other holders of bitcoin? are you saying that we will warrent jets and missles will be what it takes to make us stop? if that is your point you must be very bullish thinking governments will spend so much to destroy us. get a freaking clue! if that happens then we are all very rich. ive met people with 100's of marijuana plants and who smuggle coke who are less fearful of such things. simple fact is its much harder to stop bitcoin transfers then it is drug transfers and we all know how well the war on drugs is going. sure there will be lives ruined by the government for using bitcoin if they say you cant and they truly attempt to prosecute people for using it, however you cant hold all the sand.... some will slip threw your fingers and the more the iron fist of china tightens the more will slip threw their fingers.
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it does not matter how the chinese buy bitcoin, they will. if that means via face to face with bags of cash, then so be it. if it means the government opens exchange so they control things and feel better so be it. but there is no way of stopping this. the chinese are very good at finding ways around problems, thats a freaking fact. and they will do anything to reach there goals. (GDP/polution should be proof of this easy to see truth)
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Most people I've spoke to can't see the benefit of Bitcoin. And the remainder think it's a scam.
then your not explaining it properly. when i tell people that when using btc for online shopping it is impossible for your identity to be stolen they get interested in how and why that is true. then they see huge value. keep in mind many people open credit cards JUST for their online shopping, so its easier to see if something has gone wrong sooner, and to limit risk to that account. thats signing up for a lot of extra cost just to protect themselves. the people i talk to are smart enough to see how much money this fact alone will save them. i generally dont even bother telling people about the other benifits because at this point they are asking how to buy some. |
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Let's say this is not about a law implemented by the Chinese government, but a law enforced by the European Union. After January 31st, crypto-currency exchanges in Europe are no longer allowed to deal in bitcoins. After this date, traders can not withdraw their money from European exchanges anymore.
saying the EU will enforce chinese law seems like a stretch to me. thinking what china has to say about exchanges will kill bitcoin is a way bigger stretch. has EVERYONE forgotten the silk road? Really though, the Silk Road was a international fiat/btc trading platform using the international currency of drugs. I think about every government wanted that shut down and already has laws forbidding the drug trade but we still see btc alive, and more trading platforms like it emerging. worst case, btc trading moves to tor and the price goes up more slowly due to being only slightly harder to use tor vs normal internet but the masses gain the freedom of tor. best case, well you know this part. only way i can think of to destroy bitcoin os to make something thats better and people freely choose to use over it. threats and intimidation dont seem to matter to as many people as some people think, I think. |
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getcoincafe.com looks good and quick, but the price is *not* equivalent to bitstamp. Currently bitstamp is $790 and coin cafe $843.
I forgot to mention the most obvious option. You can ask someone you know to sell you a bitcoin. That is how I got started initially. I just handed him cash, and he sent me bitcoins immediately. Nice and easy.. yep, buy btc from friends, if you dont know anyone with bitcoin, become that guy. become that guy by buying asap from any of the options listed above. personally I like coinbase, its easy for me. Id prefer to use a exchange i can set bids at and scoop low prices on dips but I honestly feel a coin bought today, is a coin I'll be happy to have bought a year from now, and as such i dont mind paying a little more then the minimum possible, to avoid missing a chance should the price take off while im waiting for a dip. |
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This thread is like one big double negative.
I don't not not want Bitcoin to not never crash.
well after research of sources confirming double tops, AND double bottems, its clear to me doubles are a common factor. by this reasoning, clearly double negatives are next. this thread is the logical conclusion of such sources. as seen here https://bitcointalk.org/index.php?board=57.0 |
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personally I set aside cost of living for the next two months in USD, the rest is BTC. any more than that in btc would be too stressful, and any less then that would be too risky. buying btc for everyone i know if they say they will atleast at some point in the future pay me back the current cost.
scared money dont make no money.
yall can vote 3 times, Im asking for at least a few days between votes so you can update your opinion or reinforce it, just please dont vote 3x at once, who knows how you will feel in a week =)
edit: i really thought i hit the option to allow 3 votes, but cant vote again myself nor can others it seems. unless it has a built in vote timer ha!
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This is the worst news here, don't you see what that means? Everyone who has bitcoins will fly to space, and wont be able to develop bitcoin protocol from space anymore! So any progress would be stopped. It is a trick by the dollar rich to kill bitcoin, by launching all bitcoin supporters on a one-way Mars flight! Also, all these bitcoins for space travel will be sodl at once to pay for rocket fuel and insurance; completely destroying prices, so this doubles the grave news. Sad day indeed. Recent jump in price confirms this further, this is an agony spike. One could not even imagine. This must be the most cunning, hideous plan I have ever heard of. Thank you very, very much for pointing this out. These HODL-guys will be scared to death if they get to know this. only thing im scared to death about is the FACT that vegas is now accepting bitcoin. it has given me both FEAR and UNCERTAINTY, because my fiance and i have a trip planned there in may. i have some DOUBT about my ability to hodl many coins leaving vegas =) |
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we clearly have support at 800, whenever its less people buy cheap coins. by that, i mean people i know IRL think of sub 800/coin cheap now. stop spreading your fud or if you believe what you say, then be more objective.
The support floor is $765. Huobi went right through their relative support into no-mans land. Bitstamp bounced back, but was falling fast with a large ask wall sprinting after the falling spot price, and then woosh! 300 BTC order came in on Stamp at 774, right out of knowhere followed by another couple of very large orders that took the sting out of the Ask walls. Superwhale had saved the day, and I got called out on my short sell, detracting a bit from the dazzling profits I had previously made. I can't be objective because I am not armed with facts, only observations of trading behaviour but these observations leave me in no doubt that there are clear market control policies being implemented that go against the grain of the organic market forces at this point in time. Whatever, I aint betting against these fuckers. More chance of losing than winning and no amount of TA or staring at volume momentum is gonna help you. I amn't betting with these fuckers either. Not right now, not until this China thing has passed and they have the dice loaded in Bitcoin's favour once again. remember when everyone "learned" that the price went down on weekends, and that you could make a 100/coin profit every monday buying coins saturday? suddenly people were buying on weekends and we had higher weekend prices then weekday. what everyone "learned" from past bubble/spikes-up, is that we will come crashing down to hellishly low levels. well all those people waiting to buy these cheap half cost coins in the 400 range that "we all knew was coming" is what prevented that from happening. im not trying to say people are not manipulating the price up, there could be more then adoption going on. but i dont think the people holding the price up are working as team to hold it up until they let it crash down. if their are people or groups of people holding the price up, its likely so they can show those they want to impress how good bitcoin will be in the future, and how cool they are. people are gaining experiance with how bitcoin works/trends and the past is only indicative of the future if people never learn from the past. |
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...unfortunately for me I never held onto any of the hundreds of sub $10 Bitcoins that I have bought in the past...
...I now view Bitcoin as a nasty pernicious vapour asset...
Correlation? hahaha i just asked him in another thread what his problems is always thinking the shit will hit the fan. know i know he was a early adopting spender with very weak hands, who fears this vapour asset would not be worth >10, was very wrong, and is now bitter. your totally right mat, its all those bots, man, and china, and war, bro. fuck war. we need some flowers and coolaid bitcoin |
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China and online stores that convert to fiat are the only things keeping Bitcoin down.
We may see 600s but we definitely won't see anything below 500 until world war III.
If there was an interest for Bitcoin above $800, it would go above $800. Despite the efforts being made to stop it dropping below $765, there is declining interest in Bitcoin as we approach previous resistance levels. Go take a look at the Stamp charts. Marvel at the rapid sequence of bot microtransaction keeping spot at the nearest Ask offer, laugh at the total lack of volume at this present 815 ridge being formed. Lack of interest to take Bitcoin back up, and manipulative price support to stop it falling, is why we are staying at these levels.....at least until China hits in like less than a week or something. honest question for you mat, do you really believe the manipulation is so bad or are you pulling a proudhorn? youve been telling everyone the sky is fallingthe price is falling, and i wonder if you were just hit with a acornloss we clearly have support at 800, whenever its less people buy cheap coins. by that, i mean people i know IRL think of sub 800/coin cheap now. stop spreading your fud or if you believe what you say, then be more objective. |
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I got short a little and more cash on my main exchange to buy this dip which I hoped would be deeper, but still two more weeks in my theoretical dip period, so jot sweating too badly on being a little overly fiat exposed. Just keep your eyes On developers like Mike Hearn to not be screwing over the protocol itself!
thanks for getting me to google Mike Hearn, im now more bullish, like a madadoor riding a bull |
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to my friends that say the bitcoin train has left the station i point out that the big retailers are only just starting to accept bitcoin and there are is much more to come. I tell them that we are still building the strain and nothing has left let save a scouting trolly to be sure the track is clear. the track is clear, clearly.
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