Well i'm surprised we are still at this price level. I was wrong in the time frame. But anyone with half a brain knows this won't last and will come down faster than it went up.
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Pressure is already leaning downwards. I think it's very pikely we fall all the way back to 220 from before this dead cat bounce. Thte time to sell and take your profit is now.
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altcoins have no serious market cap. it's easy to realize such gains if you have a few spare bitcoins to work with. but don't compare them with btc.
Haha so funny to read this ignorance. Market cap of bitcoin is an illusion anyway. Many altcoins are being used as money more than bitcoin. Bitcoin is just 90% speculation. There is no real value. Even worse. 90% of all the funny internet bitcoins are owned by about 5 people. If that is the future of money we have not done well. Altcoins are the real revolution, offering rigid, fair and scalable systems.
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Really interesting, thanks! We are all conditioned, like Pavlov's dog: Traders are conditioned to salivate (short/sell) as soon as the price goes up, because they know from past experience they will be rewarded afterwards. Till it doesn't of course, but the drooling will continue for quite a while even so (which is why I believe it is not easy to turn around a direction). It's not so much conditioning. When a ship breaks in half, is sinking and burning, is it not wise to get the hell out? I think it is. Nothing to so with conditioning.
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Soo... basically nothing is happening and they just hope people don't see what's going on and start buying funny internet money on which they lost millions... okay..
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Please give us more of these nice quotes if this guy.. It seems to make him stop posting this nonsense..
If there is a 25% drop though, I'll finally buy some new coin :-)
EDIT: Although, now that I see his activity/posts, he probably only posts once a day, so maybe that is why he hasn't replied
Also something i noticed... People keep repeating that at every price level. If it does drop like i predict you and many others will probably just say the same; "well it's looking pretty dimm right now, i'll wait for it to drop another 25% to buy..." That's part of how we arrived at this low value in the first place. You have wrong for 6 months and(speaking of repetition) have predicted 80 of the last two selloffs. You are up there with Nagle (arguing bitcoin overpriced at 2 dollars..shortly goes up 500X) in terms of making legendary bad calls - selling your coins at 10 dollars then watching the price rise 120 fold. Fuck me that must sting! Maybe i'm dead wrong, it wouldn't be the first time either but you're also aware that i made very accurate predictions in the past as well. Right now the market is absolutely not doing what i'm expecting it to do on a small scale, but i feel strongly that the negativity towards bitcoin and the downward pressure are very high. If we do not break this price point soon you can actually consider me quite neutral or even slightly positive on the future value.
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I'm guessing it's a matter of days, they aren't the only one who have been shifting massive amounts of btc to the exchanges, hence my prediction.
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Please give us more of these nice quotes if this guy.. It seems to make him stop posting this nonsense..
If there is a 25% drop though, I'll finally buy some new coin :-)
EDIT: Although, now that I see his activity/posts, he probably only posts once a day, so maybe that is why he hasn't replied
Also something i noticed... People keep repeating that at every price level. If it does drop like i predict you and many others will probably just say the same; "well it's looking pretty dimm right now, i'll wait for it to drop another 25% to buy..." That's part of how we arrived at this low value in the first place.
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You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.
If so, then why are you still here? Go play in the altcoin section if you so wish. Bitcoin technology hasn't even started with showing its power. Beside that, the blockchain as technology will enjoy adoption by banks and other companies. So tell me, what exactly is failed I'm here to spread awareness in that bitcoin needs to adapt in order to survive and that people will not make horrible mistakes with their hard earned money. Altcoins are important as experiments of new ideas, but when an idea is sound and proves to be adding significantly to the technology it should be adapted by bitcoin asap in order to not lose the first mover advantage. Sure it has the network effect behind it now, what do you think new coins will get that bring features that speak even more to the average Joe and industry, that's right, an even stronger network effect. If we want bitcoin, as a currency and its own blockchain, to be successful, things need to change on several levels i think. Many of us have too much invested (not just talking holing btc here...) to let it fade away so easily without giving a kick, hoping somebody else will do or say something..
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Kwuk is the resident veteran troll. He/she has been spouting nonsense and bologna for quite a while now. You should just ignore kwuk's post, the idea is to distract you and derail the conversation. "bitcoin is worthless because there are endless number of superior altcoins shitcoins. Yea okie doke kwukie The majority are shitcoins for sure, but we can't deny bitcoin has some serious issues that if left unattended will be its downfall. Altcoins offering mining/consensus without wasting a lot of energy, fast confirmations, true anonymity, dynamic and fast blocksize and difficulty, truly distributed network. I could go on.
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You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.
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The problem is, gold is relatively unique, there are 500+ possibly superior cryptocurrencies to bitcoin. Yea sure, network effect yadayada, you all know that's bullocks and people will choose the system that is most reliable and practical, unless huge changes are made in bitcoin, bitcoin will never be that system. Some altcoins are very quickly gaining traction and for good reason, they are what people will want in the nearby future and will make bitcoin's ATH look like a joke.
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For the past week we've seen a lot btc shifting towards unknown addresses and exchange addresses, the sell walls seem to be growing and overall pressure is becoming critical. We could be looking at a 25% drop this upcoming week.
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Unlikely we will hover around the $200 mark for two more years...
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i think if the price continues to fall and we don't see any movement upwards, we will see a lot of people sell and leaving bitcoin behind. even if the downward trend is slow i think this would eventually happen. this is because a lot of them bought in the last few months and hoped for a big profit and their investment has only returned negative profit for them.
and "the point of no return" i think is going to be something below $100 and that is when we will see a massive dumping.
i also think it will dip below $200 but definitely not under $100. that wouldn't be a fair price for bitcoin in its current state. Hmmm where did i read that before? Ah yea i remember... at 700... 600... 500... 400... 300... 200...
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Either way, I don't think there is a point of no return price at all.
Well we're getting awfully close to that point with the upcoming fork and all drama surrounding it. I don't think the price movements of the past few days are any positive indicators, movements in the order books also show an increasing sell pressure and less and less buyers every time i hit F5. People are just losing confidence in the system, and rightly so. In my opinion it's fair to say the experiment has failed. (Yea i know it still holds value... -.-)
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for every winner there is a loser.
Eehhh no.. I think you don't understand Bitcoin yet...
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Well KNC is a significant player in this economy and they have a strong network to inform them of any upcoming events. This move would only confirm our worries that a massive event is going to happen soon that will move the price lower than anyone will expect without a realistic outlook of recovery.
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Upcoming price movement will look a bit like this...
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Some more slapping in the face going on. You delusional permabulls are all welcome to deny this is happening of course.
We are buying you silly sod..that is the game. You would know if you hadn't sold your coins at 10$. Ad-Hominem much?
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