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1  Economy / Speculation / Bitcoin has a falling interest, why should anyone invest? on: January 14, 2015, 03:14:27 AM
For the people still hoping for bitcoin to turn around, please explain why you think this will happen?

The interest in bitcoin peaked a year ago with countless news and the bubble prices, it had its mainstream time. I remember ever single day I couldn't help but read something about bitcoin. Now it seems the popularity has quickly fallen and continues to fall, I can't tell you last time I even saw a new article.

Interest is falling very rapidly, and like one user has reported btce chat was so popular that you couldn't even read it because it was scrolling so fast. Now it is slow as the amount of users have dropped off.

For those high prices you bulls want you need to have a lot of adaption, this isn't happening and is actually reversing.

This is very serious here, and I see no reason why interest shouldn't continue to fall.

For you guys still holding on and taking huge losses you have to be insane not to sell right now. With interest falling there is no way new money is going to come into bitcoin to sustain the prices.

And the ETF? This has already failed and the people on the inside know this already. The SEC is there to protect the public, they are not going to allow something where the funds can be easily stolen just so some bitcoin holders can dump their coins onto the public. Thankgod for that also.
2  Economy / Speculation / Anyone else anticipating the next drop any day now? on: January 11, 2015, 10:20:21 AM
Same signs as before the drop below $300. Price tried to climb but failed, volume is slowly getting lower, price is starting to slowly get lower. Bitcoin just looks weak, it looks like it is just ready to drop again. Could be any day now.

The anticipation is killing me. I think it should go below $250 for the next drop and maybe stay around $230 for a while before testing the $200 mark.

I'm thinking $150 bitcoin isn't that far off.
3  Economy / Speculation / Holy sh!t the price isnt rebounding but going lower now!! on: January 04, 2015, 07:04:59 AM
I expected it to pop below 300 and after breaking this level for the real capitulation to start, but didnt expect to fall this fast.

This is really bad news that the price isnt rebounding much at all. Volume is high and people are getting the fuck out as quick as they can.

Nobody is buying into that cheap coin bullshit.

We are going to test 200 very quickly. The capitulation looks to finally be hitting. This is worse than I even expected.
4  Economy / Speculation / Still too many bulltards on: January 04, 2015, 12:13:52 AM
I just can't believe how many bulltards there are. I like this word as it wasn't around in 2012. This is why I think bitcoin still has way to go lower. It is far from the stages of capitulation and fear.

Just read any of the posts, you have most people saying stuff like below. Just read and you will see what I mean.

Great time to buy.
I'm happy that it is this low I can buy more.
I want it to fall lower to buy more.
It will be back above $300 in no time.
Great buying opportunity.

Nobody is talking about the fact that it continues to fall. Just the fact that it is better buying opportunities.

This tells me that we are probably in the Denial stage at this point. People still denying the fact that bitcoin has fallen for over a year and keeps going lower. Denial that bitcoin hasn't reached mainstream even though it was on the news everyday and had its greatest chance to go mainstream. 

I believe there is still so much room to fall. Bitcoin was steady at $10-$13 for a while and it just spiked up too fast.

I personally wouldn't buy bitcoin unless it was priced below $50 dollars. To me it is not worth more than $50 max.

Like I already told you guys. Stop buying bitcoin as an investment to get rich until the price long term stabilizes for over a year or two years. Like it was a great opportunity to buy with it was $12 because it held that price for a long time.
5  Economy / Speculation / Damn, any day this should pop below $300 on: December 30, 2014, 12:32:58 PM
I've been watching for the past week as it looks very weak and have been expecting it to break below $300. Damn, any day now it should go. I think the only thing holding it up are highly invested bag holders.

I think a break below $300 will be the start of the capitulation that a lot of bears are waiting for. It should signal just how weak bitcoin is and let people finally know that maybe bitcoin isn't going to just go higher so you can become rich.

I think a new coin will soon come up and replace bitcoin for the #1 spot and this will be a very bad blow to bitcoin. This I think may happen in 2015.


6  Alternate cryptocurrencies / Altcoin Discussion / Help me find the name of an altcoin, I think it was called emoney? on: October 05, 2014, 04:19:28 PM
Last year there was all this hype surrounding this next gen altcoin. I think it was being made by some English guy.

Supposedly they were going to have a online sale of this coin but the creator of the coin decided suddenly that he was not going to do it and closed everybody out.

The coin didn't really work like your regular bitcoin clone, it was different.

I stopped following it but I always wondered what happened to it.

I could sear it was going to be called Emoney or something like that. But I could be wrong here.

Thanks if anyone knows what coin I am looking for.
7  Economy / Speculation / So when should you buy in. My thoughts from a long term bear. on: October 05, 2014, 03:57:50 PM
Originally, when bitcoin declined from $30's to $2's, I really wasn't ready to start pouring money into it as the dropping seemed to be never ending.

Yeah, it is easy to say now, you didn't buy bitcoin at $2.00. Well, at that time you probably wouldn't either.

I decided at that time I would wait for a stable long term price to put my money in. My idea was that if the price would hold stable for at least a year and showed no signs of dropping, that was the best time to invest. This way you limit your losses.

Well, I purposely stopped watching bitcoin for a couple of years, because it was a waste of time to me to speculate. I then lost interest in it and didn't think much about bitcoin.

However, when the price rose to $1000, I was looking at the bitcoin price chart. It was clear that the best time to have bought bitcoin would have been around $10-13. This was a stable long term price where you could buy in and minimize your losses with possible sustainable growth.

So the question is, when should you buy in now?

If you want to minimize losses the best time to buy in is after the price is stable long term, like a year. This may be in the $20-$100 range in my opinion. But what ever it is, you're better off waiting for the price to stabilize long term.

Try and control urges to buy in at the bottom or trying to time your buys.
8  Alternate cryptocurrencies / Altcoin Discussion / Anyone happy to see any particular alt-coin fail? Please share experience. on: April 28, 2014, 05:15:43 AM
I am curious if any of you are happy to see any particular alt-coin fail.

perhaps a coin where the community was filled with so much greed that now you can sit back and enjoy that their coin became worthless.

One particular coin I am happy to see fail is the Ron Paul Coin, this community was so greed ridden that they should have checked into an insane asylum. They did not want to listen to any of my warnings, it was all about how the coin would be at least .1 a bitcoin.

These fools even forked the coin making it ultra scarce for a short time period, changing the rules mid-game as I like to say.

The coin went from like $50 to .50 cents, and I am glad.

Just wondering if any of you want to share your experiences about coins you are now happy to see are worthless, and can sit back and enjoy this fact.

9  Bitcoin / Bitcoin Discussion / Will anyone admit that bitcoin is looking like a sophisticated ponzi scheme? on: April 10, 2014, 10:06:51 PM
Just wondering if anyone has changed their ideas yet about bitcoin?

All you have read over the last months and even today is people saying how you will get rich etc. To buy buy buy.

Pushing a digital coin which doesn't offer anything unique vs the other unlimited alt coins.

A digital coin that doesn't do anything better than fiat.

The ultimate sophisticated Ponzi scheme, so sophisticated you can even argue that it isn't a Ponzi scheme.

Anyone brave enough to admit it or will we only have the cheerleaders in here posting how bitcoin is going to the moon.

10  Economy / Speculation / VICTORY. We finally broke $400 on: April 10, 2014, 03:10:31 PM
This is a victory for all.
11  Economy / Speculation / Finally we may see under $400 on: April 10, 2014, 04:48:34 AM
Too much Ponzi scheming going on in this forum. Too many people pushing bitcoins on others trying to get rich quick.

Nobody has simply put up a good argument about where the money is going to come from to keep bitcoin above $100.

Only a few reasonably minded people left around here.

Nice to see it finally going to the next level before it hits $100 or lower.

This is the same deal in 2011 when bitcoin fell to $2.00. The major pumpers have left, nobody to keep the price up anymore. They lost too much money because you fools just want to get rich quick, but most of you are not stupid enough to pay $400 for a bitcoin.



12  Economy / Speculation / I think most of you underestimate just how important china was on: April 07, 2014, 09:02:57 PM
China had a real need for bitcoins, unlike most of you speculators whose only reasons is to get rich quick, or earn a quick buck.

Bitcoin allowed china the perfect opportunity to freely move their money around. They are in real need for that unlike most of us here in the West. Any of you who  need to hide money or move it around untraceable probably know just how easily bitcoin allows this and how important it would be for the Chinese to be able to do this with their restrictive government.

China put such high demand on the coins and also gave people a good reason to rally as the largest country in the world is buying into bitcoins. Even with the stock market, as soon as anything with investment in china comes up the stocks just shoot higher.

Basically the reason why bitcoin got pumped to $1000 was a perfect storm, First China needed the bitcoins so they were buying, and then you had the people in the West knowing that China is buying in a big way so they were not selling and were also holding and buying. This easily pumped the price up past $1000.

With China out of the game this is a huge blow to bitcoins. Bitcoins price looks to beholding on by a thread, most likely a few rich individuals are trying to maintain the higher price but it doesn't look like they can do it for much longer.

Some will say China will still buy bitcoins and find a way. This is wishful thinking because Bitcoin is a serious threat to their government and they will keep closing any loopholes down.

The smart people are getting out, the smarter people like myself sold at $800's or higher. The gamblers and get rick quick degenerates are the ones still playing around and will be the bag holders.

Anyone buying or holding are just taking a serious risk with what looks to be little upside gain if any.




13  Economy / Speculation / Where is the money going to come from to rally bitcoin? on: April 02, 2014, 01:03:04 AM
One thing I can not figure out is where is the money going to come from to rally bitcoin?

What I see is most of the bitcoin community are people who own a lot of bitcoins for really cheap. They simply are not going to be buying them at these high prices, or at least not enough to make a difference.

China, which some people say is the reason why bitcoin rallied so high, looks to be out of the game in a big way.

With all the negative news, most new people are not going to invest any serious cash in what looks to be a big Ponzi scheme.

So I ask where is the money going to come from now? Everybody on here just magically wants to become rich but it is going to take money, and a lot of money to push the prices higher. I just can't figure out where this money will come from.

I still think the prices are way too high and unsustainable. I do not think the community is that much larger since bitcoin was at $12 dollars a year ago. Now you don't have the largest country in the world adapting it to pump up those prices.

I've said it before and I will say it again, Bitcoin at these high prices is a very bad investment. You are taking on so much risk right now for a limited reward. The times of buying at $10 with the possibility of it going to $100 or higher are over.
It will take substantial amount of money to get the reward you deserve for investing in such a risky asset.

You are far better off placing your money in the stock market and betting on a single stock. At least you know your money is safe.




 

14  Economy / Speculation / Do you think the alt-coin crash is hurting bitcoin? on: March 20, 2014, 03:21:27 PM
The only reason I bought bitcoins for what I consider ridiculous high prices was to speculate with alt-coins.

I actually bought quite a few of them, which I never would have bought as I think the price of bitcoins is way too high and overvalued, and you're not going to make any money at these price levels, at least not worth the risk.

I didn't sit on many of them, but the fact that I bought them and transferred them to someone who essentially created new wealth for bitcoins with the alt-coins, definitely was bullish for bitcoins. Of course if the person who I gave my bitcoins to immediately sold the bitcoins for cash it wouldn't have much effect but I am sure most people who made money/bitcoins from selling alt-coins held onto them.

So my thinking goes now that alt-coins are pretty much dead and that whole speculative alt-coin boom looks to be over, this will really hurt the price of bitcoin. Basically the alt-coins were creating new wealth for bitcoins, a big reason for someone to take fiat and dump them into bitcoin to get part of this new wealth. This is pretty much over in a big way right now.

Anothing point is the bitcointalk forum was looking at completely getting rid of the alt-coin sections at one point, but they decided to keep it and expand it. I think the reason they expanded it was that they knew the alt-coin boom was really helping bitcoin as that is the only thing most people would actually buy with their bitcoins.

My point is that this alt-coin crash is actually a very bad thing for bitcoin in my opinion. I think that was a big reason why the prices were held up for so long. I know I personally put thsouands of dollars into bitcoins because of this reason alone and I am very frugal. You can imagine what the degenerate gamblers must have put into it.





15  Bitcoin / Bitcoin Discussion / What if you bought some of those stolen Mt Gox Bitcoins? on: February 28, 2014, 11:42:50 PM
Sorry if this was discussed, but in USA if you buy stolen property and you are caught with it you have to return it to the original owner at your loss.

Now, lets say someone did steal the Mt Gox. Bitcoins, and then you bought some of them unknowingly.

If they could trace back through the blockchain that those bitcoins were indeed stolen Mt. Gox. coins, wouldn't they be able to take them back from you?



16  Economy / Speculation / What was a more rediculous bubble 2013 $1200s or 2011 $30s? on: February 13, 2014, 04:24:46 PM
Honestly, I don't know which bubble was more ridiculous. I would say the $1200 bubble was probably more ridiculous. Although the $30 bubble was very ridiculous at a time when it went from pennies a coin to $30 in a matter of months.
 
17  Economy / Speculation / Will any long term holders admit to cashing out or wanting to cash out? on: February 10, 2014, 03:20:12 PM
I figure that with the price declines over the last weeks that some long term holders may want to cash out because of the constant losses.

Has anyone here cashed out or are seriously thinking about it?

18  Economy / Speculation / My opinion for bitcoin falling is simply price correcting itself on: February 09, 2014, 08:48:30 PM
I know many people here are searching for a reason, but fail to see the real reason of why bitcoin price is falling.

I do not think it is for any bad news coming out. There is simply so much good news, every time I read the news on my phone or on yahoo.com there is always an article about bitcoin. Mostly positive, sometimes negative. Even before the Russia, India, Mt Gox issues, the price was not very stable.

The price was able to creep as high as $1000 because most people are hoarding bitcoins and not selling them. They simply think why sell them now when we will go much higher, and I agree with that. However, as soon as the price was sluggish for weeks not able to go as high as people expected or break $1000, there was a small increase in people wanting to cash out.  This small increase was enough to push the price down slowly and that is what we have been seeing over the last weeks.

Now what we have is more people realizing that the $10,000 a bitcoin price may just not happen. More people will want to cash out. I am not saying a lot of people will want to cash out but just enough to start pushing the price lower.

There are very few people selling, but there are also very few people buying. Price is just not stable at $900, or $800 and is now down to $700. I believe the buyers will not be there to push even keep it at $700 so I believe it will continue to fall.

What I also think is happening is as the price keeps dropping, there will be more people wanting to cash out before it drops even further. It is obvious that we are not going to $10,000 a coin and it may be a possibility now that the value may fall below $500. Many people have waited long enough for a price rise but as reality sets in some will want to use the money and cash out.

I also think Mt Gox. was an issue in why some people were not selling as they thought why should I sell at $800 on my local exchange when Mt Gox. Price is $950.

To sum everything up here, what I am saying is that the bitcoin price is now returning to a healthy price. A price that is not artificially high because people are hoarding their bitcoins, which is basically making bitcoin into a house of cards. A price where growth will be slow over the years and at more reasonable levels, say 10% a year. A price which is not ridiculously high based on ridiculous adoption predictions/estimates.

I think the price fall will continue for many more months and slowly decline. There are just so many bitcoins out there that people are sitting on and so few buyers who are going to setup an account on an exchange and go through the hurdles to buy them.









19  Economy / Speculation / Another BEARS ONLY discussion. When will bitcoin finally drop and how far? on: January 17, 2014, 12:09:56 AM
Bears only discussion please, please post elsewhere if you're bullish. Serious discussion only here.
 
I sold all my bitcoins last week as I pulled out of all my alts prior to this. I am certain bitcoin will fall lower, and it seems to want to go lower but somehow just keeps rebounding back. Every rebound has failed.

From what I notice there seems to be very little demand above $900's. Nobody seems to want to pay that much money for a bitcoin. We have super low volume and it seems most people are just sitting back and waiting.

Since I sold, it has already went lower and rebounded back like there times. Since I am bearish and think bitcoin got too ahead of itself, and is way too ahead of itself with all the china issues, I am sticking with my bet that it will go lower. Lets face the fact that $800 bitcoin is still a very high amount.

My other reason for bitcoin going lower is that major wales are not making money with the lack of demand above $800 and for them to make money they will let the price fall.

I ask fellow bears, if there are any out there and if there are any out there brave enough to post here, when do you think the price will start to show a significant fall, like staying in the 700's for at least a day.

How far of a fall are we looking at? Do you think we fall below $500's for example?

Or maybe you bears are bullish now, thinking we will just have sideways trading for a while at most, then the prices will start to rise again?

We did predict the last fall in our "bears only" thread that bitcoin would bottom out around $500-$600 and we were right. So I assume we will figure out what is going on here if enough of you offer your thoughts/insight.







20  Economy / Speculation / Where I placed my bets on short-term bitcoin price. on: January 13, 2014, 06:34:30 AM
I think once you saw the poster you probably knew where I placed my bets  Grin. This is a serious post and just letting you guys know how I placed my bets and why. I am not trying to tell you how to place your bets or trying to make you guys sell or anything like that, so no flaming me please.

Anyway, I sold out around 7 bitcoins, or mostly all the bitcoins I could easily transfer to the exchange. I started before this last recent rally by selling half at $820. Didn't expect this recent rally, but sold the rest some hours ago for $840 after this rally failed. These are campbx prices and not MTgox so they are a lot lower, like $100 lower.

Bitcoin can go either way as there is nothing certain anymore but here is why I decided to place my bets for it going lower.

First, you should understand that only big speculators really control the price. They use their wealth to push the market where they want, then they hope you guys pick up the slack and they profit from that.

They tried twice to push bitcoin to over $1000 dollars and both times have failed to start any rally higher. Volume got super low and the demand for expensive bitcoins is just not there. This was unlike the situation with the first push to $1000 which had lots of mania and super high volume.

Since they probably spent a lot of money twice trying to push the market higher and failed, they will pull back and let the price slide back down. This way they can at least buy at say $400 and then try and push it up to $1000 again and sell at $1000.

Well, these are my thoughts anyway. I could be wrong as it could go either way and wouldn't be surprised either if it went up. But I feel more certain that it just has to go lower from here so that the big market players can make some money again. I sold half after the first push to $1000 failed, and sold the rest today.




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