18k coins? Ouch. That is nothing to sneeze at. But we are still in the realm of speculation as to whether those coins are no longer in Stamp's possession, right?  |
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Now we can buy more bitcoin for cheap!
so did you buy? I hate to say it, but I've been hearing this for so long now, that I have to think -- most with this attitude already bought in (or bought back in) a long time ago, at much higher prices. |
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I'm happy if i can buy bitcoin while the price low & after that the price become high again  Most of bitcoiner will think so too Of course -- anyone would be happy to buy low and sell high. The question is, is this "buying low"? Or will it go much lower? |
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Do you guys think that we finally reached the bottom the other day at ~ 255 USD ? I'm also wondering what caused the recent "crash" from 315 to 255. I've read articles with different thoughts but wondered what you guys thought. I also read somewhere that market analysts predict a big rise sometime around February. Thanks for your insight  . This probably belongs in "Speculation" and not "Economics." I tend to think we did not reach the "final bottom" ... I think breaking $275 suggests that we will continue to down trend further. Maybe $200 psychological zone. Maybe further than that, though, too. |
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Seals with clubs still dead, betcoin looks promising. I'll probably try it over the weekend.
I'd be interested to hear a report back. They have a $1,000,000 GTD next month, so I'm thinking they must have something going. Right? Bet coin is legit. How? Cause they're part of the winning poker network which includes truepoker, blackchippoker and others. You'll find decent action on there much better then seals. Try betcoin just warning you though they're not very good at customer support but it could be worse. Oh wow -- I didn't realize Betcoin was on Winning. I've played quite a bit on True in the past. I was never amazed by the traffic on that network, but it blows SWC out of the water. Thanks for the info. |
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As a miner, I don't like the price drop at all. I feel it will drop to $250 over night. If that is the case it will no longer be feasible for me to mine. I will have to switch off my miners and see how things flow out. I don't mind if the current BTC I have will drop to something worthless but I will not lose money running miners for nothing.
There is no reason to be happy. This will turn off a lot of miners. If we lose a big portion of the hashing power, how much power will there be before transactions take too long to process. New people will not be getting in either since the risk of being scammed is quite high and the returns are low. There are FAR too many people using online wallets, keeping their BTC online.
Bingo. The above poster that mentioned his miner friend was "happy" -- that's an anomaly. Maybe that person is planning to buy coins cheap at a scale larger than his mining operation. Because otherwise, miners have nothing to be happy about. |
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Seals with clubs still dead, betcoin looks promising. I'll probably try it over the weekend.
I'd be interested to hear a report back. They have a $1,000,000 GTD next month, so I'm thinking they must have something going. Right? |
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I'd like to join your campaign. Signature added!
Here is my info:
Post count: 244
Activity: 244
Position: Sr. Member
LuckyFlop Account: None
Bitcoin Address: 1Pm6xwUE4QM1RcHTJGqaqHkmgun8ZVGH2J
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the quicker you let bears get them 250 coins, the quicker we go back up. Just sayin' In theory, I agree. But I thinker lower than $250 first. |
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This little short squeeze is almost identical to the one 3 days or so ago. Bulls cant find no momentum here.. |
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Posts: 243
1Pm6xwUE4QM1RcHTJGqaqHkmgun8ZVGH2J
Please sign me up!
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Lots of short term resistance in this 2930 area. Looks like we've been trying all night to get past it. Doesn't look like it will budge. Onto 450-460 next, then? What do you guys think? |
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At the end of year I'm expecting Hashrate at 700 000+ Thash/s. so .... bitcoin price will be at least $1500/BTC
Do you base this purely on the expected hash rate? Do you have any charts/historic trends to back that up? I think there is more to consider here than simply the hash rate, to be honest. Cost of HW $4000[USD]/3[Thash/s] and electricity $500-$900 / BTC will drive price This is an argument that I never bought, personally. How does the cost of hardware and electricity drive price? Why would these costs produce demand (and new demand, at that)...? Maybe miners are just a bad investment right now.  |
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Hahaha I really hate to give the game away but predicting the "xth" dead cat bounce is a hilarious strategy,
I'm predicting the next surge soon, all the indicators are starting to come together.
I think the next surge will not be slower and have a lower peak than expected, maybe around 3 months and maybe get us up to $2.5k
Ah, a moon prediction? Interesting. What time frame, and what indicators are you looking at? I'd love to see a chart. The daily and weekly are quite bearish. Until I see a strong reversal on the daily, I make no assumptions about a big move to the upside. |
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We are dancing the line at $500 again. Looks to me like it's back into the throws of downtrending again soon. Nothing in stone yet -- bears have yet to find momentum. But bulls are very weak right now.
On last flash crashed, 475 is the threshold that set off the sell off. So, if it hit around or close to that price range, it might be the momentum needed for another sell off. Maybe, but the downside ended at $440s, so I think it is more likely this level that people will panic sell if broken. I suppose we could see margin calls if we get close to $400, but seems to be a lot more bid support now from $$ lenders who are no longer loaning. For now we are just sideways with a tinge of down..... |
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We are dancing the line at $500 again. Looks to me like it's back into the throws of downtrending again soon. Nothing in stone yet -- bears have yet to find momentum. But bulls are very weak right now.
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Day trading is a bit risky in my opinion.
It is risky if you a) are unskilled in trading, b) are not rigorous with your analysis and c) do not practice good risk management. Most people blow up their accounts because of the third reason. |
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If volume is lower and lower in a capitulation, it is a sign of a lack of sellers.
(Buyers are patently lacking, otherwise we were not in a downtrend at all..)
What do you consider to be a capitulation? What I see is low volume consolidation after a (likely) failed rally. That's normal under any circumstance. Capitulation (and seller exhaustion) is what would happen at the bottom of a steep downtrend from here. This is just noise/consolidation for now. But it has a downward bias still, IMO. |
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We're just slowly sliding..... if history serves as example, the panic has yet to surface and thus, neither has capitulation. That is not to say that we NEED another capitulation, but it's really beginning to feel as though it's inevitable. How many failed breakouts before bulls start to panic again?
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Regarding oversold.... sure. But any good trader knows that oversold conditions can stay embedded in a strong downtrend. Oversold conditions are most useful to tell you "don't sell/short here", but it doesn't mean we can't go lower.
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