Hate to take the bears side but whoever did the dumping will be buying back to do it again. No idea when though, strong rises have often been closely followed by long downward pushes but interest has gone up a couple of orders of magnitude since then and the publicity just keeps on coming. Either way its likely bear coins will be running near empty unless there's some big movement on days destroyed.
Manipulation is something BTC will have to live with for the time being. Weak hands are shed in the process, so it may not be a bad thing in the long run. Weak hands get shaken out, more weak hands buy in. |
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I can still buy back at profit, but the sentiment screams bull trap. I just don't believe it yet,....
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I've been spreading sell orders since $900, but I'll hold onto some of my holdings this time just in case we do breakthrough $1200. I'm just not feeling the same levels of enthusiasm as last month.
On this forum, it's hard to tell.  I don't, either, though. As such, I've been selling coins on this bounce. Fortunately we are still below my original average sell price. If I am wrong, I will cry.  |
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This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.
I'm not ruling that out as a possibility, but there was no basis for the crash other than misinterpretation of the news out of China. Now that people are getting straightened out on what it actually meant, and we're getting some more positive news (Paypal, hao123.com), I think things are feeling bullish. I still see no evidence that news matters. It is just adapted to market sentiment. I don't think it crashed because of misinterpretation, but because the event was due. The timing was the only question. |
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Am I reading this right? China still under $950? Hmmm.
I don't know. My chart says 973. mine says 975... Weird, I'm seeing $951 now. |
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Am I reading this right? China still under $950? Hmmm.
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Pretty weak trend right now.
Just wait until China wakes up. US markets look silly compared to them. I actually follow mostly just China now. I've started turning Clark Moody off sometimes even. So when does China wake up? Like do they all have the exaxt same schedule, wake up as a unit, take group showers, do martial arts katas, salute the emporer, ring a gong, and head off to work every morning? I suppose population is concentrated near the coast. Although I'm pretty sure this whole "when ____ wakes up" thing has never panned out. |
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Mirsad .. the same guy who predicted "double digits incoming" on 12/7/2013.
Hey, it's only been two days. Give it time. |
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Remember, every person, without exception, who is calling for major drops in price, has sold at least a portion of their stash and are wanting YOU to sell your coins to them for cheap.
You left out those with no stake in Bitcoin who just like trolling. I used to absolutely hate seeing dips. Now, I see them as a way to kick out the weaklings. What doesn't kill BTC seems to make it stronger. Or are people who think the current price is not supported by the vast majority of the potential market... It isn't just about wanting to buy coins cheaper. Some people are very much bothered by speculation in this forum. |
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Three days ago when the exchange rate was below $600.
Very helpful.  |
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This is the last bubble I day trade. I will have a heart attack soon.
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I'd agree that the 1D chart makes this look very much like a bull trap.
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I sold 80% of my coins between 1100-1200. Picked up some coins on this crash but almost all out now. Really hoping that I didn't miscall this bull trap....
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Two words: low volume.
Now that might change but until it does it doesn't show any conviction in the reversal.
My thoughts as well. |
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Bullshit talk.
I'm swiss and this is all nonsense to lure more buyers into bitcoin.
Just don't believe anything from Max Keiser the master of pump and dump.
Pretty much. This is a non-story, right? |
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Well, I guess we'll see where this goes. Bull traps wouldn't be such if they weren't convincing, after all. |
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he is online on the forum pretty much every day, don't see what the holdup is with the payouts.
It seems no one has been in contact? I've seen Bit365 online all day everyday, never any posts. Has anyone heard anything? |
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Can you point to some sources that connect 174psvzt77NgEC373xSZWm9gYXqz4sTJjn to Fontas?
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I just have an ordinary, Windows 8 laptop; I have no idea what kind of security features it has or if it's secure; I don't know if I've ever been hacked or had a virus. I have no idea if it's safe to set up a wallet on my computer. What can I do? What can an average computer user do to set up a safe, secure Wallet and keep their Bitcoins as hack/scam-proof as possible?
Do you have antivirus software installed? Do you have a two-way firewall installed? If not then consider your computer as insecure and don't use it for anything important or valuable. If you don't know then consider it insecure. Good, free, easy to use software packages are AVG anti-virus and ZoneAlarm firewall. Other products are available. I just downloaded AVG Basic; the full package costs $54.99. AVG Basic has anti virus and anti spyware function, but no firewall function. Consider the tutorial posted earlier on running an offline Ubuntu LiveCD from a USB drive or disc. http://www.ubuntu.com/download/desktop/create-a-usb-stick-on-windowsNothing to buy, firewall easily enabled (terminal command for default enable: "sudo ufw enable"), clamTK anti-virus is free and pretty solid. Most viruses target Windows, despite the fact that most servers run on Linux -- something to keep in mind when considering which OS to keep your wallet on (if you keep it on a computer, especially an online computer). Linux/Unix has stronger security generally by limiting permissions beyond the root user... and anything downloaded from browser is not executable by default -- it must be granted permissions to be made executable. Anyway.... something to consider.... Happy bitcoining! |
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Currently downloading Gpg4win; just before I continue, what exactly is this going to do? I'm not sure I understand why I've got to do this.
Because I already have passwords for my Electrum wallet, and the wallet names I was assigned seem pretty complex. Is this whole process just going to add another layer of passwords around the software, the file or both? In this case, there are two reasons to do this. 1) To confirm that you are downloading what you think you are downloading. In this case, the Electrum developers released the client, and you want to make sure that you are installing the original, unmodified version that you were intended to get. It's good to be in this habit to avoid malicious downloads. At http://electrum.org/download.html you can see that they have provided an md5 hash of your download to ensure its integrity, and a .asc -- the files release signature -- so that you can ensure that you are receiving the original, unmodified version from the developers. 2) To be able to encrypt and decrypt files. For example, with Electrum, and others I think, only private keys are encrypted when you set a pass phrase. Encrypting your wallet file(s) adds another layer of protection and opaqueness. You have to understand that no security measure is enough to stop a well-armed attack. It's all about deterrence. A pass phrase that encrypts your private keys only means that in an unencrypted directory, your public keys are saying "I'm a bitcoin wallet. Right here!" As always -- this may be overkill depending on your potential holdings and how you value them. You don't need to encrypt your wallet files beyond the encryption of your private keys by setting a pass phrase. Many people don't. But it is good to be in the habit of knowing how to recognize a trusted download from an untrusted one. You can set up cold storage on a USB drive, sure. With QT, for instance, just back up the wallet.dat file on the USB -- preferably, the wallet should be generated initially offline, the wallet should be encrypted before stored, and all files on the drive encrypted.
I actually cannot find a wallet.dat file; I did a full hard drive search. It's not on my USB drive either; all that appears on my USB is the Electrum program; and yet there appears to be Wallet ID's under the received tab. Wallet.dat referred to the Bitcoin QT client. Sorry, I'm not too familiar with Electrum. Consider checking out the Electrum subforum: https://bitcointalk.org/index.php?board=98.0 |
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