Serious investors will reconsider this investment proposition.
Sorry to break the bullishness guys!
It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point. Fool me once, shame on you; fool me twice, shame on me The fact that this insane run-up buying is from the same kind of players that accentuated the 2013 bubble, It could only burst. I think we will go sideways/slow bleed and test support 300 at some point, until the next halving bubble ! Still amazed by the euphoria and empty ask at $500 (not achieved for 2 years) , hoping for more..greed at its finest! this was the fbi pumping it up for their auction today, nothing more. https://bitcointalk.org/index.php?topic=178336.msg12889118#msg12889118so i fully concur we will go back hovering around 300. Are you kidding me? The govt that takes in 2.6 trillion $ in taxes goes all cloak and dagger to get a couple million more on a silly property auction?  |
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Crazy volume on Finex  Also, the sell wall is peaking 35k coins now (mainly one entity) but still heavy resistance to going any lower. Entity is selling for real this time.. Hows is he gonna unload 20k in this thin market.. Why would you pile on the visible ask side if your goal was to cash out at the highest price? He is an avid trader.. Expect cheap coins but wouldn't mind unloading at $400! Some people forget $400 was not seen for a long time.. China Fomo game has ended. Chinese will be scared to fomo buy as this guaranteed up has ended. If he's an avid trader he shouldn't chase bids away from his asks, but I suspect accumulation. Who knows though, we've had people place a 30k at $300 and just let it get eaten. |
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Crazy volume on Finex Also, the sell wall is peaking 35k coins now (mainly one entity) but still heavy resistance to going any lower. Entity is selling for real this time.. Hows is he gonna unload 20k in this thin market.. Why would you pile on the visible ask side if your goal was to cash out at the highest price? |
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A western panic, an eastern panic, about 9 hrs apart.
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Bitcoin so far has been adopted as a currency only by criminals and scammers. Adoption for legitimate commerce is tiny, and largely to limited to users who want to push bitcoin for other reasons than its qualities as a payment method.
Why was I so sure that this "argument" would be posted today.... You realize that the currency with the most illegal usages like money laundering, drug money, weapons etc. is the US-Dollar? Heck, if you count in the money from black labour (which is also illegal, iirc), pretty much every currency is used far more for illegal activities and scams. Btw, your pseudo argument was/is also used for the internet... "99% of the internet traffic and 90% of websites are porn sites" In retrospect, this is actually good news!  Can you see the difference between "uses of bitcoin are mostly illegal payments" and "most illegal payments use bitcoin"? One is false, the other is true. What's the citation on that one professor? Gut feeling? I would say speculation is solidly #1. |
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If it dumps below earlier today's dumpage... gon be bad. I somewhat doubt it though. That volume was powerful.  get ready to panic |
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Keeping an eye on this for changes in frequency. I'm sure there are actual chinese video sites that would be better to sample... but I don't know them. |
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420... again... Must be something magnetic. Guy's just guessing like the rest of us. |
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lambie cam:  |
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Inspirational Buy All the Bitcoins SpeechWe're in hell boys, believe me. Now, we can be greedy and fearful and cash in our bitcoins for fiat, pay our taxes and participate in the up and coming bail-ins.... OR, we can fight our way back, we can buy our way into the light, we can climb out'a hell. I look around and i see newbies everywhere, and i think... I mean... i've made every wrong choice a bitcoiner can make, I fell in every single bears trap in the 20's, I pay 50BTC for mining contracts at 90$. and lately I feel like selling everything.... Newbies talk of bearishness and china being an issue, which reminds me what's at stake here, what we've been fighting for this whole time. and what the bitcoin market really is. the bitcoin market is a promise of freedom and fairness for all. We are a team poeple, fighting for honest money and freedom from the banksters. Either we heal now as a team, or we will die as individuals. We can get screwed by the system one by one, or, we can unite and screw the system AS A TEAM. On this team, we fight for the bitcoins, On this team we tear ourselves to pieces for the bitcoins! BECAUSE WE KNOW, when we add up all those bitcoins thats gonna make the fuck'n difference, between winning and losing, between getting screwed and screwing them. I'll tell you this, in any fight its the guy that's willing to die thats gonna win, and i know if i'm gonna have any life anymore its because i'm still willing to fight and die for the dream, because that's what living is! The dollars we need are everywhere around us, Now I can't make you do it, you have to look at the guy next to you, look at his avatar, I think you'll see a guy who will fight for the bitcoin dream, because when it comes down to it, he needs it as badly as you do. Now.... what are you gonna do?!  Just a year early.  |
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Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD. COME ON BITCOIN, FLY FLY FLY!
I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit.  Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility? And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss? You could have a bot that sells short the amount of the sale, hedging yourself. I somehow doubt bitpay's doing this tho. Maybe if/when the exchange landscape becomes more legit/secure. (and if bitpay is still in business when that happens) I guess they try to make/they'd need to make transition to fiats as quickly as possible, so straight to the exchange. Is that how it works now? I think I read they do some bulk OTC sales of coin, but yes, I'd imagine a good number go right to the exchange. |
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Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD. COME ON BITCOIN, FLY FLY FLY!
I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit. Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility? And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss? You could have a bot that sells short the amount of the sale, hedging yourself. I somehow doubt bitpay's doing this tho. Maybe if/when the exchange landscape becomes more legit/secure. (and if bitpay is still in business when that happens) |
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I see a dump to 375 followed by a quick recover.
For a moment I thought was game over and and were on top, but this is more solid than I thought
That was close.. thought I lost a lot more. Thanks for a quick recovery or I would be in major trouble with the wife playing with the kids college funds and so close Christmas. Daddy would have to go find a friends house to sleep at tonight if it stayed at $380. I really hope you're joking. |
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♫Biiitcoin, hits new highs... before losing one hundred sixty dollars in value one day.♬
Oh, the bad ol' days.
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Shit. Fixed. But you gotta admit seven out of eight days and weeks is extremely rare occurrence. Even bitcoin doesn't go straight up forever. T'salright. A man is allowed to buy some booze with the proceeds of 50 coins he dumped on our heads in the 260's. |
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Lol, yep, sounds like bitcoin.  If I may summon my inner Shromskits for a moment: That was fucked! *Needs more impotent rage. |
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Lol, yep, sounds like bitcoin. |
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Stamp's depth on both sides is... nonexistent.
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Those dumps don't look like the price was being moved by some MMM Ponzi.
China pump groups are back.
China pumps, the west dumps. The great redistribution. |
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