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Well I'm buying more blow stamps, dunno about anyone else.
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what a strange day, lol  Indeed. Just bought a few @ 468. |
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The news hasn't really broken on any major outlets... "buy the rumor sell the news" may not even apply here. Good luck speculators.
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So AnonyMint claims a couple of things here: -Bitcoin was created by the NWO to lure in techno-libertarians/anarchists; soon it will be slammed down by ETFs and other mainstream investment vehicles. There is no evidence of this except what can be assumed and extrapolated from other conspiratorial evidence, which is not without merit but is often... dubious. -Bitcoin's adoption will slow because it has exhausted its demographics. If innovation continues, it will open up other adoption avenues, right? Not just the basement-dwelling libertarians who surf the internet all day? There seems to be a whole world out there that likes money and might enjoy using a digital ownership protocol. His first post on this forum was suggesting how Bitcoin could change to reflect his expert analysis of its flaws. I have a hard time taking a doomsdayer with a self-professed IQ of 160 (or something like that) very seriously. I think he takes himself pretty seriously, but I had to unignore him to read his post. I perform with egotistical, self-righteous people all day, on and off the stage, and I cannot abide the narrow "all about me" attitude. It gets old real fast. |
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any reasons for the drop?
goxed 51% pool (easy came easy gone easy return) crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k) no new money governments warning and banning scam IPOs many including Ethereum and others everyone is selling / spending Dell / Expedia / Newegg / House dealer / etc are selling in real time Winklevoss ETF will actually be shot down GABI is already priced in Dubai exchange won't create any thing new etc.. silly wanker I think that fallling got goxed, has pissed his pants when nearing the 51%, somebody from the government has taken his crackers, he has no new money, he's banned from his cardboard box, invested all of his cans into Ethereum, tried to buy a house from the House dealer, but since they only accepted BTC, he couldn't buy one, winklevoss+gabi+dubai something he read about on the piece of paper he used to clean off his ass while shitting in his new cardboard box. Now he's here venting his frustration, because his cardboard box got wet from the rain. That is way too complicated... MORE likely is that he is just paid by some government of financial institution to talk shit about BTC... as part of a team effort to lower BTC prices and possibly even attempt to undermine confidence in BTC or to distract us from having more meaningful communications about BTC or any other topic that we may feel important Jay please please please stop quoting trolls. Ignore list is your friend, people. |
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Anyone remember the bot on Gox that malfunctioned last year? Traders figured out how to manipulate it all night, pretty fun to watch. Not so much for its creator who lost thousands in trading fees.
I use an algo trader over at BTCe, no problems with the API. Just someone's spread bot gone haywire. Bad morning in the works for that guy.
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RIP Hal. You'll be remembered.
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Yes, there maybe various differences in the administrative costs (and there likely are in most instances), yet the money still goes further and multiplies further when distributed more broadly.. and also there are studies that show certain kinds of industries have a greater multiplier effect than others. For example the military industrial complex frequently has a very low multiplier effect as compared with some social services or roads and bridges and trains or even health care.
I am no fan of the military-industrial complex either. I view it as all part of the same package. If we could start funneling money that goes toward needless aggression around the world to bridges and roads, that would be a start. Hell, just splitting up a fraction of the US defense budget and distributing it equally to Americans would be a better use of it. Ideologically to libertarians this is disagreeable, but I find it more agreeable than violence. Best case they could lower taxes to reduce the violence of collecting it in the first place. In reality none of this is going to happen. We will continue to renovate the Middle East until we go bankrupt. |
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OP, you're doing it right for a new guy. Buy low and hold. Dollar cost average and hold.
Caveat: Make sure you understand the technology and don't invest money you can afford to lose.
Three great ways to lose money in this game:
-daytrading (watch the market for a year first)
-altcoins (most are pump & dump with whales waiting to take your coin)
-emotional panic selling (many of the troll accounts are the same people, think about it)
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I hope it is truly not the dirty fiat dollars that lead him to share his opinion in the way that he does.
I have been thinking that it has to be the clean, freshly made fiat dollars, but then again I don't know... In my country, professors are paid by the government and that's pretty much all you need to know. Here in the US, it works almost the same way, except that professors and Universities are paid indirectly through the Federal Student Loan program. So the government straps 18 year-olds with no job and no income with tens of thousands of dollars in debt, Universities raise tuition and expand at ridiculous rates thanks to this free money, and graduates get to compete in an absolutely shitty job market while making loan payments for 30 years. Academia must be nice. |
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My cat told me to buy back in this morning. Seems sellers have exhausted their ammo.
The selling pressure is getting bigger by the day. If i was trading i'd prepare for another crash. If you had any coin left to trade you'd simply lose it again  |
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My cat told me to buy back in this morning. Seems sellers have exhausted their ammo.
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The next halving of the block reward - that is when supply will really dry up. I am holding my bitcoins till then.  So, what happened at the previous halving? Did BTC price suddenly go through the roof ...?  It was priced in long beforehand. |
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This market can really make a man sick...
I honestly was expecting some good upside right about now
Final bear trap. Low volume. Sellers being shaken out one final time. |
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I see a reversal pattern forming. But the trolls can yell louder than me so I'll keep the TA to myself.
a bullish reversal pattern? is it the inverse head and shoulders that everyone and their mother is posting in the TV chat? dunno, it's certainly possible. whales love to paint the TA.... That's the one. Easily seen on the 12h chart. Could be invalidated easily though if we don't get volume on the upside. All about the psychology playing out, these reversal patterns. They don't always look textbook. |
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I see a reversal pattern forming. But the trolls can yell louder than me so I'll keep the TA to myself.
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$5000 can be reached in the next bubble peak, the problem isn't "if" but "when" we will hit those high values.
Towards the end of 2013 and start of 2014, consensus on these forums was that we would be at 10k per coin by now. The bulls were very wrong. And they won't admit it. There's simply not enough public interest to drive prices up to 1k again. There's not enough buying going on. Volume is ridiculously low across all the exchanges. The November bubble was fueled by Willybot. There's probably no Willy to manipulate the markets now, so the best case scenario is that we'll see slow growth this year, peaking at 700-750 by January 1st 2015. But there'll be plenty of good buying opportunities below $500 by then. It absolutely was not the consensus. You seem pretty sure of yourself lately. Hope you're not trading. |
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Why would it? The Chinese love it and its creator works for Coinbase.
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It's like an echo chamber from last year, and the year before that.
If the train takes off this year it will snowball upward so quickly you'll wish you had access to $500 coins.
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