You really believe that there's an entire conspiracy behind the sporadic bearish movements of the market? I don't think it has to do anything with trolls. The days that trading bitcoin was happening between a handfull of forum members are long gone, there are very little things a troll can do to trigger downwards movements to a worldwide market with $20m daily volumes.
The only conspiracy in Bitcoin is the price being manipulated down and kept down through shorting and active price management through the latter half of 2014. My response was to just do what the big players have done and accumulate like hell over the last few months again at a rate similar to early 2013. Just my view of course. At the end of the day btc is a gamble. If it pays off for me I'll buy a yacht. Not exactly life changing but worthy of a punt, and I believe in the concept of decentralised money so if it disappears into nothing I will be happy to have been involved. Trolls are just useful idiots. NLC clearly has mental health issues and based on his user rating on his primary account is highly untrustworthy. Definitely one to avoid given his obsession with child pornography, though I grant that is difficult now he posts through brand new accounts (the others being banned by the mods) so all we can do us click ignore (4 times on this thread alone?). |
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It is all relative trollchop. The first major tranche of coins I bought are still worth 10x what I paid for them - even now.
I would wager that in the grand scheme of things your entire net worth and earning capacity are inversely proportional to the volume of posts you spew on here, and probably fairly laughable.
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He's pretty hot on the correlation between smoke and fire  Why are you quoting nlc? |
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<troll crap>
I shouldn't have to remind you of all people that the date of an account opening != entering the market. All regular posters know your pathetic story anyway. A sold too soon cry baby, screeching at those who chose to hold and buy more instead. What was it 10,000 posts in 8 months? |
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Don't you guys know the bitcoin ponzi scheme is collapsing right now??
I sold my coins for 10 dollars before it was too late!
no but seriously... i think 50 is on the high end, im guessing next difficulty will only push it to about silver 35-40 USD
Look at Kwukduck's history, it seems he sold at $10 and has been a salty troll ever since!!! HODL, do not become a Kwukduck!!! Yes, but the price went down to $2 the following November. He had every opportunity to buy his coins back and keep a huge profit. If he didn't buy them back then he made a huge mistake. Ideally selling at $30 and buying back at $2 would have been a really good trade, but its easy to say that with the historical charts in front of me. You guys know the meaning of seriously? It took 7 posts for someone to pick up the /s  Doesn't change the fact he is a troll now or make it not true he sold then |
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I think we move up soon..
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Interesting gold price movement.
It is often interesting, it has been resisting but when it will go up aggressively, the US bubble game will be over. Goldbugs make me want to vomit. Gold is a bystander and has no impact on the US bubble game. It will get interesting to me at $850. It will go high because of the general rush into private assets as the global sovereign debt collapse gets underway. But it is not the lever driving the default of the bubble. See Exter's pyramid. |
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Anyone else just waiting for a 10k market buy or sell on finex? |
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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...
You are the classic greedy idiot. You sold at ten dollars. Now you glimpse a way back in, but you were too greedy to buy in at 160. You are doomed to watch yet another bubble develop without you. Must hurt. |
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Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.
Just in case you are wondering why there has been no correction for weeks.
It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints.. |
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What worries me the most is that for 95% of all the bitcoin startups, VCs are just throwing huge sums of $$$ at them, but they are all basically creating "solutions looking for problems" instead of solving real needs. Gee, where have I seen and lived through that before? Oh yes, the DotComBomb of 2000. Been there, done that, got the t-shirt.
Indeed. But there were a few trillion dollars to be made before it all went tits up and then things really got rolling after the wreckage had been cleared. I hope it doesn't pan out that way but it's kind of a natural cycle. Believe it or not, one of the companies that I'm most worried about is Coinbase. For example, go look at their employee roster page at the bottom. https://www.coinbase.com/aboutIn in the past 2 years, I have literally watched that page grow from about 5 employees to what you see now on that page. And they just keep adding more employees. At the rate they are going, unless something drastically changes I don't think that they are going to have a business model that will support all of that headcount and still make a profit.Not wrong, but not the full picture either: a) true, it might quite well go down in flames, and that early VC capital will be lost like tears in the rain; b) then again, it's a (controlled) gamble on their side, similar to early dotcom seed/investments: if it pays off, it'll pay off rather royally, if not, it's a (comparably) minor hit to their total holdings. Which brings me to: c) on a different scale, through a different aspect of the market, that's similar to the "bet" we're making here as well: most who hold some long-term BTC position do so because of the chance (by his/her best judgement) that there's a big unrealized economical potential for the Blockchain (emphasis on the Blockchain), which (again, by his/her best judgement) in turn would likely lead to a major appreciation of market value per token. The flip side of this bet just as the one by VC: it might not work out that way - alternative blockchains might take the lead, public and business interest might stay comparably small (i.e. "solutions looking for problems" turns out to be true and stay true), etc. Some people here conveniently ignore the latter point, only going on about the limitless potential. Others pretend there is no potential, only risk, and eventually: doom. Personally, I think it's simply too early to draw either conclusion, 6 years since launch, and ~2 years since VC started pouring in for real. Nice balanced post as always. Plus marks for the blade runner reference.. |
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Mods delete that NLC crap please
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Who is afraid of the big scary ask walls. Answer no one.
How about who is excited for the bid side shrinking? Answer, meeeeeeee Good to see bears still here. |
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Who is afraid of the big scary ask walls. Answer no one.
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Sea of good news. Price remains stagnant. Down to 21.6k shorts on Bitfinex.
I would like to see some upwards price movement.
Is a big player capping the price and slowly closing a huge short position? What comes next?* Serious question..
*Getting tempted to buy another fifty coins, in a batch instead of dca'ing every few days..
Volume isn't too bad considering zero movement. But I would prefer an $80 rise on 10x volume. Just busting through to 260 is significant. Only one last jump to break the downtrend from there (~290's). Whoever is still short must be scared that this could run away upwards. They have already shed 14k shorts whilst selling to keep the price steady. Anyone left shorting if this jumps higher is in trouble. Surprised we haven't seen a 5 or 10k market buy to set us off. If we do break upwards on heavy volume and smash the trend line on heavy volume we should easily settle in the 300's. Good fight coming. Buy all dips aggressively. |
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Sea of good news. Price remains stagnant. Down to 21.6k shorts on Bitfinex.
I would like to see some upwards price movement.
Is a big player capping the price and slowly closing a huge short position? What comes next?* Serious question..
*Getting tempted to buy another fifty coins, in a batch instead of dca'ing every few days..
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Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
shorting with a variations of 5-6 usd at best, isn't like a dream at all, unless they are leveraging massively(borrowed from others shorters), there is no gain to be made already if take into account the fees... What on earth are you talking about? I haven't been day trading for that long, lots of holding. But it clearly was a shorters dream. From 1200-200 that's a 85% drop. And you can use 3x leverage on Bitfinex. Up to 20x leverage on okcoin. And if you were really good you'd have kept increasing your position each time and you'd have really snowballed. And there are a few different ways of shorting. You can short by borrowing bitcoins through swaps. You are not borrowing from shorters. You are borrowing from Bitcoin holders for a small interest payment. And you can also short through futures. You enter a contract with another person. That other person wants to long. And there have been a lot of bullish people who have longed all the way down. And I don't see how you can say that there was no gains to be made after accounting for fees. Yes there was money to be made. Well played to those who did. Good luck on the way back up. |
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Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
For a supposed early adopter that is a bizarre statement. Sounds like your shorters dream has recently become a nightmare. |
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With the trade i have been watching i see a price about $220 usd before the end of May. But the BTC price will never be as high as the number of threads on this topic.  Mining is a huge sinking cost for btc. Without new infusion of new fiat, it will keep going down. So the price can never rise? Shucks. Here is silly old me thinking the price is set by the market, directly from supply and demand, not by miners. How do you explain the price being higher two years ago? |
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More capping action. Lovely fake ask walls.
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