Do not fear going forward slowly; fear only to stand still.
there is nothing to fear but fear itself. |
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nope its back above 430 all is well again!!
Please stop this, its boring to watch every single move. We all have and can read charts ... get a life my friend  |
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nope its back above 430 all is well again!!
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small dip 426.8.
could this be the beginning of the end?
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[ ... ]
Jorge has been wooed by Chinas pretty volume numbers and actually thinks they own 90% of the coins. GIGO Garbage in, garbage out Ahem, ahem, my Masters thesis in 1979 was on garbage collection. So THAT is something I am competent at. You should see my office if you don't believe it.  you done so many interesting things you should buy a bitcoin, so in the future you have one more amazing story to tell. |
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I will keep my last bitcoin even if we get on rock bottom ... and reach this level of poverty ...  1.00 ZWD = 0.00276319 USD  no way i'd be a millionaire i have hundreds of billions trillions of these "dollars" |
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 thought it was funny so i share |
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As far as i know we had bubbles of comparable magnitude before, with or without China.
The evolution of the BTC price since Oct/2013 can be explained in terms of Chinese events only, and does not seem to react to any events outside China. Even the Feb/10 drop related to MtGOX was probably due to Mark's claim of a 'bug in the protocol' rather than the dealings of MtGOX itself. So it is hard to deny that the rise from ~100$ to ~1000$ and the current ~450$ are entirely due to the Chinese market. If we consider percentual increase in price, indeed there were comparable bubbles before. If we consider total demand for BTC, China was about 10x all the previous bubbles combined.Obviously. Because price and demand driving the price are in a linear relation, huh? Agreed, that "10x demand" is just a very rough guess, based not only on the price increase but also on the demographics of the market as some articles have described it (not nerds, but mostly amateur speculators with no computer expertise, who used to speculate on other things - a profile that seems to be common in China but not in the US). What is your guess for the number of coins that Chinese speculators have bought to speculate with -- 2x, or 50x, the Western number? 1/10th Jorge has been wooed by Chinas pretty volume numbers and actually thinks they own 90% of the coins. GIGO Garbage in, garbage out |
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As far as i know we had bubbles of comparable magnitude before, with or without China.
The evolution of the BTC price since Oct/2013 can be explained in terms of Chinese events only, and does not seem to react to any events outside China. Even the Feb/10 drop related to MtGOX was probably due to Mark's claim of a 'bug in the protocol' rather than the dealings of MtGOX itself. So it is hard to deny that the rise from ~100$ to ~1000$ and the current ~450$ are entirely due to the Chinese market. If we consider percentual increase in price, indeed there were comparable bubbles before. If we consider total demand for BTC, China was about 10x all the previous bubbles combined.Obviously. Because price and demand driving the price are in a linear relation, huh? Agreed, that "10x demand" is just a very rough guess, based not only on the price increase but also on the demographics of the market as some articles have described it (not nerds, but mostly amateur speculators with no computer expertise, who used to speculate on other things - a profile that seems to be common in China but not in the US). What is your guess for the number of coins that Chinese speculators have bought to speculate with -- 2x, or 50x, the Western number? 1/10th |
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Another day in the mid 400s range. I'm telling you we will be in 400-500 land for quite a while. Accept it.
for a long time sellers have been in control of this market. because, bad news weekly. Or maybe it's because we just had an enormous bubble that needs to deflate? it takes both enormous bubble that needs to deflate and bad news weekly. to really do some damage to the all mighty value creator that is bitcoin  you know it true.... |
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Another day in the mid 400s range. I'm telling you we will be in 400-500 land for quite a while. Accept it.
for a long time sellers have been in control of this market. because, bad news weekly. price wants to gravitate higher, because increased adoption despite bad news, but so long as sellers are ready and willing to sell at these prices, price will stay here. i don't think we'll see a high volume bottom, because no one is in a rush to sell, bitcoin is doing just fine even if the news is negative. i see a slow and steady stream of coins changing hands , which will lead to an inevitable rise in price once sellers are done.i see the rise in price as inevitable because the increased adoption / recognition of bitcoin on a global stage has already happened, once we are done milking the cheap coin offered by weak hands and profit takers, the market will have no choice but to obey supply and demand to its inevitable conclusion; 18,000$ / BTC  1) Once sellers are done? You do realize that at this moment bitcoin is still inflationary right? 2) Increased adoption? China has just stated that it does not want anything to do with bitcoin, as well as Russia, so global must mean the rest of the world, excluding the two largest countries on earth? the global perception of what bitcoin means & its future implications , has changed, it matters not what laws sutren governments put on it. if anything these laws are further proof of the fundamental shift in perception happening today. |
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Another day in the mid 400s range. I'm telling you we will be in 400-500 land for quite a while. Accept it.
for a long time sellers have been in control of this market. because, bad news weekly. price wants to gravitate higher, because increased adoption despite bad news, but so long as sellers are ready and willing to sell at these prices, price will stay here. i don't think we'll see a high volume bottom, because no one is in a rush to sell, bitcoin is doing just fine even if the news is negative. i see a slow and steady stream of coins changing hands , which will lead to an inevitable rise in price once sellers are done. i see the rise in price as inevitable because the increased adoption / recognition of bitcoin on a global stage has already happened, once we are done milking the cheap coin offered by weak hands and profit takers, the market will have no choice but to obey supply and demand to its inevitable conclusion; 18,000$ / BTC |
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Another day in the mid 400s range. I'm telling you we will be in 400-500 land for quite a while. Accept it.
for a long time sellers have been in control of this market. because, bad news weekly. price wants to gravitate higher, because increased adoption despite bad news, but so long as sellers are ready and willing to sell at these prices, price will stay here. |
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thats only 4825173 seconds poeple... take action now
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56 Days Left
get your bitcoins today
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imagine if they dig a hole in the ground and find a shit tone of gold and silver  |
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still waiting for this "big drop" that everyones predicting wishing for
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Strange Monday at Huobi: a bit of trade in the morning and early afternoon, very little from 5:00 pm local time onwards. Usually it is the other way around, trade peaks in the late afternoon and evenings.
how do you notice that and not have any bitcoin totally blows my mind. In the late 1980s and early 1990s I spent as much time discussing space exploration on the USENET sci.space forum as I am spending here. Here is one of my posts from that time. By the way, "mining" then meant extracting precious elements from asteroids to build spaceships or space colonies. But no one ever told me that I had to put at least one satellite into orbit, or capture at least a small asteroid of my own, for my ramblings to be worthy of that forum. PS. In 1986 the internet was restricted to universities and some computer companies, such as DEC where I pretended to work worked, and was managed by (D)ARPA. There was no WWW; only FTP, e-mail, and USENET (a distributed bulletin board with its own protocol, UUCP). There were no anonymous users; if anyone misbehaved badly, other people would complain to his employer/university, and that usually solved the problem. Can you imagine an internet with no spam, no advertising, no phishing, no viruses, no webpages that steal your cycles to mine bitcoins, no silly avatars? In 1986 the first computer worm was still 3 years away. Sigh...  I bet you were a Millenium and Deuteros player  Jorge imagine if you did put at least one satellite into orbit, or capture a small asteroid! imagine the possibilities! buy now while price is low! |
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Strange Monday at Huobi: a bit of trade in the morning and early afternoon, very little from 5:00 pm local time onwards. Usually it is the other way around, trade peaks in the late afternoon and evenings.
how do you notice that and not have any bitcoin totally blows my mind. |
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