|
No offense, but everything you write seems to push the Bear stance. Please read the beginning of your own 4/12 story. "... the Chinese think China is the world..." Developments in China do not necessarily mean USD/BTC will plummet. Perhaps you hold a short position.
At any rate, the Chinese cannot print an infinite amount of BTC to sell. The best they can do is vastly increase mining, which would be very visible. Once their BTC runs out, they lose the ability to depress USD/BTC price with manipulations on the BTC side. Perhaps they'd like to try their hands at propping up the USD instead? That will be the only thing left.
|
|
|
|
|
Watch the trading of things like LTC/BTC. They all look bear or break-even with lots of noise to me. Nothing has any bullish trend against BTC.
|
|
|
|
If you bought Bitcoin a year ago would you have made a profit or not? How about a year before that? I guess the thing to do is buy as much as you can afford right now and come back next year to tell the story of your great success.
You would have made only a paper profit. You have to SELL to have a real profit. Are you calling Bitcoin paper? You want him to sell his BTC for paper U.S. dollars to avoid his profit being paper? |
|
|
|
Bitcoin wouldn't be $0.5 even if SHA-256 was completely cracked by the NSA.
Cracking SHA-256 would only allow you to insta-mine until all 21million are mined. If this happened, the blockchain would be rolled back and frozen just prior to the first problematic block. A new proof of work would be incorporated into the Bitcoin protocol with a new version, and everything would continue. This would only be a temporary outage for a few hours. It would be much more problematic for miners, however. ASIC owners would need new hardware. GPU owners would run the game once again. |
|
|
|
Here are the major exponential lines of support and resistance. We will likely remain between the lines for at least the next year. What happens as we get closer to the end of the wedge remains to be seen.  |
|
|
|
|
In the USD markets, level of education tends to be inversely correlated with trading performance. It is not uncommon to find PhDs who espouse complicated numerical theories, yet cannot make $1 to save their careers. The markets punish arrogance.
|
|
|
|
I don't see any point in time when it was risky to buy BTC at a price below the exponential trend line.  |
|
|
|
Someone said that the Government/SEC cannot regulate BTC. HA HA HA, think again. They cannot only regulate BTC, they can destroy it. Ok, now I can see the troll coming out. I'd ask how large your short position is, but you'd just continue your charade as an attorney family-man. Bitcoin can be destroyed about as easily as torrent. We can see how well that has gone for the entertainment industry. |
|
|
|
|
Seems they are having technical difficulties.
|
|
|
|
This scenario will totally reset the price of BTC Why? There have been many times throughout history when someone got a great deal at a bankruptcy auction. It's a one-time deal, and the purchaser isn't going to flood the market with coins afterward. That would kill the value of their new investment. All the current exchanges will be out of business Why? I see nothing that would cause this regardless of what happens to BTC price. There will also be heavy regulation likely by the SEC. I don't see how. Bitcoin cannot be restrained by government. US officials can only insert themselves at the point of deposit/withdrawal of US dollars. Most of the SEC's regulations in financial markets cover direct exchange activities. This cannot be applied to Bitcoin, which is governed by decentralized consensus. Central banks and governments have no power here. |
|
|
|
|
Interesting to see the price levels that are priced into that market for May, June, and September 2014. Volume seems very thin though.
|
|
|
|
I wish someone would take a few months to gather all the predictions made in this forum and make a list of the best nd worst predictors
'Someone' has already invented such a prediction-validating mechanism. In fact, this very thread was originally created for speculators who engage in such predictions. It occured in very rudimentary forms since ancient times, saw a further sophistication during Roman rule, disappeared during the dark ages (obviously), reappeared in the late middle ages mostly around Italian city-states, & finally, emerged in its modern financial trading market form in ~1602 in the Netherlands, as the Dutch East India Company's shares were first traded among investors. Later, the ~1880's featured the advent of something yet closer to current currency/crypto trading exchanges - world currencies began to be backed by gold, and the first large-scale retail forex trades started taking place. It wasn't until 1996 that the Internet gave these foreign currency exchanges the capacity to run the entirety of trading electronically. Various digital new currency projects such as e-Gold/etc were soon undertaken excitedly by a series of hopeful entrepreneurs. ..Sadly, in large part due to vulnerable centralization & the absence of math-based strong encryption systems as core features of these innovations, they ended up failing & dimming public opinion of any digital currency concepts as irreedeemably flawed Ponzi schemes. Nevertheless, amongst the ashes of these unsuccessful experiments, a different, vastly more sound, secure & viable project came to light : Bitcoin. It is thusly that in early 2011 the very first bitcoin exchange markets were founded, bringing us full-circle to the present day as we find, with the warmth of serene satisfaction, that exchange markets indeed offer the best mechanism through which to filter the least skilled from the most skilled predictors, by comparing traders' accounts' initial investments with their net equity several months or years later. (Sorry, I just love history xD)Indeed. In fact, we have a blockchain that can provide audited records to show who has the best results. If only we had a way to link the BTC addresses in the blockchain to posters here. Ah, but we do. A signature can provide that proof. |
|
|
|
PS. OKCoin's response to that client question, right below it, apparently says that they have only one broker for their recharge code system, and his minimum is "1 W" (一万 = Yi wàn = one wan = 10,000); but they expect to have more brokers eventually. 您好，目前只有一个代理商，充值最小额度是一W，后续会增加小额代理，方便更多用户充值，感谢您对OK的支持
谢谢！
Tough on the little guy. That actually makes me think we could be close to breaking out big to the upside. If the big players can keep the 99% out, the market is going up. More thinking on this. The big players want to increase their BTC holdings at current prices before the next rally. This would normally cause prices to increase due to a large volume of buys. So they need another way to do it. Steps taken by big players: 1) The big players block any rallies with sell walls and negative news releases. 2) The big players in China then force the smaller players to sell BTC with the recent China manipulation, such as shutting down anyone with less than $10K. The smaller players panic and sell out their BTC to the big players at prices much better than what they'd have achieved without this manipulation. 3) Once this process is complete, the big players are ready for the next rally. They replace the sell walls with buy walls, and replace the negative news with positive news. 4) To the moon. |
|
|
|
PS. OKCoin's response to that client question, right below it, apparently says that they have only one broker for their recharge code system, and his minimum is "1 W" (一万 = Yi wàn = one wan = 10,000); but they expect to have more brokers eventually. 您好，目前只有一个代理商，充值最小额度是一W，后续会增加小额代理，方便更多用户充值，感谢您对OK的支持
谢谢！
Tough on the little guy. That actually makes me think we could be close to breaking out big to the upside. If the big players can keep the 99% out, the market is going up. |
|
|
|
I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.
duh...ya...thats been everybody on here at one time or another. Its part of the learning curve. Everyone? If you don't trade you can't short and get burned. This is why holding is always a great option!  Hubby and I have just been buying and holding for a little over a year now. I am not talking about holders...I am talking about people that actually care about the day to day price of bitcoinAs a "holder" I still totally care about the day to day price!  why? Most holders do so with the goal of increasing their wealth. The current USD/BTC price is the current measure of that wealth. It follows that holders would very much care about USD/BTC price at all times, as they care about the value of their wealth at all times. I should create an Android app/widget that displays wealth based on BTC holdings multiplied by USD/BTC liquidation price. |
|
|
|
$494 now. And next we will slowly roll up to $498.
check. Next? Hm. Big spread. It would be cheating to say $495. Give the market a bit to close the spread. Ok, $498 now. Next we're going to meander slowly down to $495. Ok, blew past it a bit to $494. Now here's a doozy. Are you ready for a jump to $501? |
|
|
|
$494 now. And next we will slowly roll up to $498.
check. Next? Hm. Big spread. It would be cheating to say $495. Give the market a bit to close the spread. Ok, $498 now. Next we're going to meander slowly down to $495. |
|
|
|
$494 now. And next we will slowly roll up to $498.
check. Next? Hm. Big spread. It would be cheating to say $495. Give the market a bit to close the spread. |
|
|
|
|
$494 now. And next we will slowly roll up to $498.
|
|
|
|
Why ''try like hell to just forget about it'' and not actually use it from time to time? Freeloaders like you are what make me think bitcoin isn't going anywhere. You do realize any Bitcoin you spend at a retailer goes immediately onto an exchange, where it is sold at market price? That actually pushes the USD/BTC down, which hurts. |
|
|
|
|
Show Posts
