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The Golden Fleece more like
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Weve been persistently in the 350-400 range for a couple of months now. But im thinking another price drop before year end, to circa 300.
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Meanwhile, 22 days before 2015 begins, BTC is worth 349 usd.
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I'm not sure... It really could go either way right now! half a month ago I was convinced we would re-test the $275s, but the price shot through the roof. Meanwhile it's back in the $380s, but still going somewhat strong. We could see a small sustainable rallye, or we really will be re-testing the $275s one more time (hopefully at high volume!)
How can you say these things after weeks of grinding nothingness with trading volumes that barely match those of my local convenience store selling Mars Bars and cans of coke? |
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These forex analysis say alot about the authors, first being they know nothing about trading currencies, A rally and pullback HAHAHAHA. Hello experts this is not forex, you can stop your technical and fundamental based and backed by nothing analysis. In order for an analysis to be complete you need a currency that has some kind of demand out there to base that analysis on. The only good thing in this analysis is the warning and predictions about the silk road auction off. those are good and true, everything else is just hogwash when it comes to crypto-currency trading. Yea yea get it out now, call me names, tell me I dont knwo what i am talking about, BUT I call your bluff. It will not be me getting slapped with insults and criticism when Ops like this one make an analysis and some holder of bitcoins blows his assumptions out of the water and in the wrong direction. there are enough wallets out there to take any technical or fundamental analysis and flush it down the toilette. The sooner you "Forex Experts" and "Chart Lovers" realize this, the better off you will be. Stop wasting your time on long term charts, you need just about 2 days of charts, there are no moving averages in Bitcoins or any crypto currency, the charts are not where you need to be. you need to be concentrating on getting on board with as many pump and dump groups as you can find, then you could sell your analysis and make some real cash off your advice  Im just saying Wisdom. It's all about the pumpin and dumpin. There are no "fundamentals" or "momentum". Just bubbles, crashes and low-volume stagflation. Sadly we are currently in the last of these three - the most boring. |
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Now is the time to get them!!! It will only take one big company /investor to double the price per coin Also scarcity, increased difficulty mining, increased costs, lost private keys etc etc and then the block Reward halving..... I don't know why some people just don't "get it" 50-100usd coins is gone, you missed it... Now is the time if you want to buy a ticket for the next train Chuu Chuu mother fuckers... Are you selling tickets for the train then? |
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The cruel realities of Bitcoin stagflation will soon beat this youthful exuberance out of you...  |
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22m volume
haha
Like most people, they are not going to spend their BTC to buy things in fact they are going to buy it with fiat, that's what I did. They realized that BTC too valuable to buy things with right now Why didn't you buy things with BTC then immediately replace the BTC that you had just spent? The USD value of BTC is very stable at the moment, so there is no risk in the short window of time involved. The reason is that there is no utility in using BTC at the moment. We have tiny volumes of BTC transactions at the very peak of the online spending calendar, just before Christmas. Perhaps BTC will be useful to consumers in the future, but clearly it has no value at all to them at the moment. Not even for the most ardent believers in Bitcoin, such as you, 'bitcoinbelieve'. |
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Another shattered dream. Bitcoin has become hopelessly stable with miniscule volumes. Just 5,500 BTC traded on Bitstamp in the last 24 hours. That means they made about 8k USD in trading fees - seriously minor in the scheme of things. |
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Surely "fantastic" would involve a rapid and exponential increase in the use of Bitcoin as a means of payment, driving a similar rapid and exponential increase in the volume of Bitcoin transactions?
These both remain things that people hope to see in the future, despite Bitcoin being five years old.
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Another pump and dump opportunity. You are advised to buy at the peak, probably in the low 400s, in a delirium of 'choo choo' delight, and then to sell at the bottom of the subsequent trough, at around 350, in the depths of shock and depression. By doing so, you will have the opportunity to transfer approximately 20% of your capital to the manipulators.  |
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Wow. 10k. A moment in the history of time wasting forums.
bitstamp is at 363 btw. Why was that not even in the range of the poll? Btc has barely moved
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The P'n'D is the very essence of its value. BTC is a wealth redistribution mechanism from overly wealthy idealist dreamers in the West, to shrewd, but currently poor, market manipulators in China. After each pump, the idealists convince themselves that the next stage in the Moon, buy in at the peak, then the shrewd manipulators dump.
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What happened to this joker? |
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Surely some people will be spending BTC on Xmas presents?
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Someone suggested potential auction bidders might dump a load of bitcoins before the auction to get the price as low as possible. That way they could buy cheaper coins during the auction itself. After the recent dump I'm wondering if there are manipulators at work, and if here are, how low they could drive the price down to.
The problem with this theory is that you would only need two (or more) market manipulators for this approach to fail. If both you and I have driven down the price pre-auction, then we would both know that the true price was higher than the current actual market price, and therefore we would both be willing to bid above the current actual market price. We would end up bidding up to the true price in the auction. And therefore we would gain nothing. |
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I'd hope the ban came around from being dull, repetitive and spammy rather than any ideology.
Exactly. Lots of other trollbears don't get banned. Yes they do. Haven't you noticed that the names of the bears keep changing, yet the same old permabulls have been posting about guaranteed rises and advising people to invest everything they have in BTC for years on end? These polls are used to identify the bears, and then they are banned. Anyone who votes negatively in any 4 consecutive polls, is blocked. |
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I guess we'll still see 600$ this year
In the past that would have been a pretty reasonable statement, but now it's starting to look quite bullish. We have been bouncing around in the 350-400 range, with a few outliers (275, 480 etc) for a few months now, since the big September decline, so breaking out to 600 would be quite an event. It would require a growth surge at least as strong as that in May 2014, and probably more akin to November 2013. That would surely require some news event. What do you think could trigger that? |
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