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UPDATE:
Overall, bid sum on all exchanges didn't change much, Huobi had a little increase lately to a little more than 20 million CNY but decreased soon after to return to the low levels seen in January. The final result is a slight increase in bids but accompanied by an increase in asks anyway, overall very low amounts of fiat sitting on Huobi compared to August 2014 for example.
BTCChina shows no particular difference in bids, the asks have seen a decrease but no new money hitting the exchange.
BTC-E shows a slight increase in bids lately but that is accompanied by an increase in asks too, the bid/ask ratio is very low.
Bitstamp bid sum has been decreasing lately and is now staying at low levels, for example compared to August, same situation as Huobi.
Bitfinex doesn't show any difference as already explained in my first post in this thread.
interestingly, COINBASE shows a slight increase in asks but very low amounts of money sitting on the exchange, and near the lowest levels since the regulated exchange has opened. Contrary to some expectations here, the exchange is not witnessing an influx of new money for now.
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cryptocurrencies are pump&dumps, but bitcoin is the worst because it is making the biggest damage compared to their little peers  |
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I lol'd. Quite literally.
How does one lol illiterally? I started laughing out loud. That is all. |
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Obvious pump&dump was obvious: I'm gonna spell it out for you guys:
Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!
It's not difficult to understand! It's always the same thing.
Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL
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I lol'd. Quite literally.
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"Our whole lives is an emotional rollercoaster based off of absolutely nothing. Every time it goes up a few dollars he rubs it in my face how wrong I was. He ignores long term trends and focuses on these specific time frames to show me how stupid I am. Yes, my husband called me STUPID over THINKING I do not understand it"http://www.reddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/I promote this gentleman to legendary status on bitcointalk even if he doesn't have an account.
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I really wouldn't dare to say that with such determination. Bitcoin has been therefore and it might fall back there again. I still believe that it will stabilize in the 50-100 dollar range, with my guess being closer to 50 than 100. This year will bring us further valueing of Bitcoin on the basis of its true use, which is extremely limited at this point. Also: the bear market is not reversing for the time being, so it's a safe bet that it will keep going down further.
You seem to have fallen into the trap of thinking that bitcoin was ever valued on 'the basis of it's true use' and we will return to that point. How would you call the trap that YOU have fallen into?  The truth trap: the value comes from the speculative holding, and the speculative non-holding. Letīs hope that we are not beyond the point of no return... (see picture 2)..    We are way beyond that my friend  |
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This is about to drop. The only question is how much.
Wishing the price down again are we? Price up - 'price about to drop' Price level - 'price about to drop' Price fallen - 'price about to drop!!!' A fun game would be these jokers posting their trades. Edit: especially a contrarian indicator like NHJT Or maybe one should ignore the noise and the consolidations, because that's what these movements are? Personally I don't give much of a fuck about these. Chinese pump. Simple as that.
Eventually it will start to dump again, don't know if at these level or a little bit higher, but who cares. Doesn't matter.
Contrarian indicator? I know someone who has been a contrarian indicator that screamed that the bottom was in quite a few times since the start of 2014, but we don't wanna go there do we?  |
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look...no one cares about what you say...why don't you save your internet traffic for troll porn? Don't worry my friend, bitcoin bubbles will go on forever and never stop. You just need a little faith!  |
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finex holding 240
There is still hope
Well, if you're trading on hope I have one advice. SELL and don't trade anymore. everything is waiting for the next bull blitzkrieg. more than 1 year without one True but it might be more difficult this time with more people leveraged shorting the hell out of it. True but it might be easier this time with more people leveraged longing the hell out of it  I'm gonna tell you a secret: The fact that price went into bubbles in the past doesn't mean that it will continue to do that. Speculative pump&dumps and bubbles don't go on forever. I know, it's shocking. |
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Fucking nice! |
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earned 18$ on the bounce I got lucky and shorted 200 contracts at 246 I don't buy this pump I don't either but I'm not selling into it because <$250 is just too damn cheap to sell. I'm just hodling with my measly 58 BTC and small pile of fiat until it either goes over $300 or back down sub $220. Is it bears covering their shorts? New mystery pumpers? Who the hell is buying @ $240 who had almost a week to buy cheaper than that? Chinese pump. Simple as that. Eventually it will start to dump again, don't know if at these level or a little bit higher, but who cares. Doesn't matter. |
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bitcoin = shitcoin = ponzicoin
Accept/Buy/Use it if you want to get poor quick
Another chinglish spammer Looks like a Hell Angels Bike member to me. lmao |
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To OP: Yes breaking that trend line is pretty screwed up shit. I got good TA too:  |
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Based on this chart bitcoin looks like it is historically cheap, only being on that same trendline in the very earliest trading back in 2010!  [img]https://www.tradingview.com/x/5wkkXTpJ/
Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org! |
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hell angel bike dudes being paid in BTC to kill someone?
and he took it seriously?
It looks like a joke
Could be, I clearly said it's being discussed in court and needs to be confirmed. Just thought it's interesting news, don't you think? |
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Regarding the hard fork/scalability issue: I have never seen so much controversy regarding the way to deal with a problem in bitcoin within the bitcoin community.
You guys saying it's a "Solved problem" or one with an obvious solution?
Controversy IMHO is a good thing, it is the messy process of having a diverse set of individuals be responsible for their own destiny, as opposed to one of the many forms of centralized command and control. What I do not like about the hard fork/scalability issue is bitcoin is not going through this messy process to make the change, but instead is having it's future be decided by a single individual by default. Overall I have been very impressed by Gavin. I think his IBLT solution was brilliant, no change to the underlying protocol yet it incentivizes all miners to include all outstanding mem pool transactions. What's more miners are incentivized to switch to IBLT on their own since it lowers block propagation time in all cases. But his hard fork proposal puts bitcoin on a dangerous auto pilot regarding block sizes. The initial 20x jump to 20MB blocks is fine, but automatically having 10 doublings to 20GB blocks is dangerous. What if we find out there is some scale issue at 128MB? It will take a hard fork to stop the ramp. But what I really don't like about it is there hasn't been any real discussion. Gavin thinks everything will be fine, so it is. I work in tech and know processors really well. Compute scaling has slowed down and will further slow down, there are only so many cores that can be feed data to process. But the real issue is network, network does not double every 2 years. I've been so bothered by it that I've started to contemplate building an affordable AWS node configuration that refuses to propagate the hard fork blocks and open that up. If enough people started such nodes then miners would see that the new blocks propagate more slowly and maybe stick to older blocks out of self interest. Gavin's upgrade cycle requires 80% of blocks over 1000 block period to be new blocks, so if you can get a few pools to opt-out you can block the upgrade. That's what I was talking about, some people here are like "no big deal, it's solved" while that scaling solution brings a plethora of other issues. I'm pretty sure Gavin himself said that his solution "comes with risks" though. |
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ppl not understanding Bitcoin.
But dad! You just don't understand!   Sometimes I have the impression that the users expressing opinions against BTC (what you call "trolls") understand bitcoin better simply because they are not biased by the greed that motivates bitcoin hodlers They can see things for what they are. Sometimes I guess you would call JorgeStolfi a troll too, right? |
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Regarding the hard fork/scalability issue: I have never seen so much controversy regarding the way to deal with a problem in bitcoin within the bitcoin community ever.
You guys are saying it's a "solved problem" or one with an obvious solution?
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