Some more slapping in the face going on. You delusional permabulls are all welcome to deny this is happening of course.
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You guys really don't reallize you're being slapped around by hackers and early adopters. They will keep on doing these 2-5k dumps until the resistance is so low it triggers a cascade. They will buy back at the bottom, wait for you all to pump back the price again in ignorance and repeat.
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You honestly think btc can be stable wich such intense drama in the background with a hard fork about to happen and completely disrupt the system? What you're seeing now is called cognitive dissonance, it leads people to say and do insane things, of which this forum has ample proof.
We don't even need a hard fork at this moment to bring this thing down 50%. The sheer tension is enough, one minor action can trigger a cascade of panic. That is why it's not moving, that is why there is such low volume. Pure fear.
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for once i agree with op's nonsense. this time the fear is about the unknowns coming from bitcoin xt.
op grabs everything to make bitcoin look bad. he has been doing so for quite a long time now. just browse through his post history and you'll see what i mean. I never try to make bitcoin look bad. It's the community and economy that's messed up. Yes, there are several big issues with bitcoin that need to be addressed and that also cause major distress, just look at current drama over the blocksize, this is one of the bigger reasons this week is going bring us to new lows and a loooot of panic selling. The fork won't destroy bitcoin but it will bring it down on its knees and we can just hope it will be able to crawl back up again.
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Stop your scam talk already! Stagnant over summer? Don't be joking, just look at the chart, we are still sliding down and no indication of change! Gox paying up? Are you completely delusional? Mark still has his life to live in wealth, he will not be paying back those coins. He will be dumping them along with the other ~500.000 stolen btc. Probably during this summer. (where you claim stability lol..) The effect of block halving is already calculated into the price, many bitcoin fundamentalists are screaming 'moon' because of that already, nothing will happen and upon that disappointment a lot of people will sell off, triggering another big crash at an even lower point.
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Seems the bagholders can no longer counter the immense selling pressure... Prepare for a fight to stay above 200 the next two days.
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we are still in early development stage and bitcoin is consider now as experimental. Bitcoin has been operating longer than Instagram, Pinterest, Vine, and WhatsApp. Nagle's turning bullish. Bullish? All those companies exploded in valuation and use in less time... Ask the general public about Bitcoin? "Oh I heard about that..." That said, Bitcoin is uncharted waters, with a nearly impossible goal, thus carrying a much steeper risk/reward profile than an emerging messaging/posting host. Regarding people, do you know that Bitcoin is still new ? Sooner or later people will hear about it, just give it some time and watch Bitcoin isn't new, everybody in the 'west' and beyond has heard about it. I don't even dare to talk about bitcoin anymore, it used to be interesting to people, but now they just laugh about it and make me look like a fool for even defending the concept (which i still do!).
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simple, everyone think (finally) that their precious bitcoin are worth more, so this is the right price of bitcoin now, to answer that thread that asked for it not long time ago
the few dump i believe are from miners and some casual dumpers and nothing else, whales are out of the game for now
Right... everyone sees the life being sucked out of bitcoin by superior alternatives, the real value of bitcoin is lower than it has ever been before. It's only been held up by bagholders who want to keep up a show in order to trick people to buy their bags. When a critical mass of bagholders has sold off their coins to the next fool, bitcoin will crash faster and deeper than we have ever seen before in its history. I expected this crash already way earlier but it seems a big group has decided to coordinate this a little different and extend the period of scamming for some more profit. You can be assured bitcoins total collapse will be all over the news and many many small people with a hand in bitcoin will be hurt and lose all they have. Get out now before you ruin your financial future!
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I'm afraid we could. It becomes less more likely each day,
Fixed that for you... Look at the charts and see a ship that's sinking... there is no 'big recovery' or 'tothemoon'.
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Why o why would a scam come crashing down...? I have no idea...
why you hate bitcoin so much, you are one of those that bought at 1200+, and now regret it, or you want to drive the price down to buy cheap? because besides those reasons i can't see other to justify throwing shit at bitcoin... sad for you but bitcoin will remain stable for now, no crash is incoming. Bitcoin has been surpassed by several superior altcoins a long time ago. Developers are refusing to adapt bitcoin with new important features and important scaleability adjustments. It's pretty much ancient technology by now. The only thing keeping the price up is the bagholders trying to trick everyone into buying their worthless bags. I said it many times, the concept is great but with a rotten community and no development it's destined to fail.
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"Assuming no major crisis in bitcoin"...
The delusion in this guy is strong.
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Oh stop it with the lies already! There is no working implementation of colored coins! The entire concept has been wiped from the table for about a year now.
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Those are smart people, unlike the majority here that's just looking for a get-rich-quick scheme. They know a scam when they see one.
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Why o why would a scam come crashing down...? I have no idea...
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Yep, i've found basically the same. We are getting awfully close to the breaking point. Time for a chain reaction.
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I've been a little preoccupied so I haven't done any TA lately. I did take the time to asses this claim and i can confirm a significant crash is likely within a 48 hour time frame. Significant, means 10-20% down. I wouldn't call it big, that will happen later this year.
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The concept and motivation behind bitcoin are solid. Basically it's the people that are ruining it.
Greed and ignorance rule the world.
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Trolls? You mean peoople that realize what is going on and no longer live in an illusion?
Those trolls have been right about bitcoin being a sinking ship for over a year now...
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Sorry not interested in your scammy altcoin.
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I suspect that the halving will be priced in progressively as the time approaches, since we've all seen a halving already, so probably less lag this time. Along with that I expect a price increase as we get nearer to the event, but nothing dramatic. Lastly I would expect to see a hash rate drop of similar proportions, and life will go on...
There are much more interesting events on the horizon than halving.
In bitcoinland? I'm not sure about that. If the price doesn't increase that means the difficulty/hashrate have to halve as well. Meaning the entire network becomes 50% weaker. Against any attacker. Bitcoin needs value not just to be able to transact significant amounts of money, also to secure the network properly.
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