I just find it annoying that bear trolls keep telling people to sell as if they're so concerned about other people's financial well being when they are clearly destroying newbies and those who do not understand how bitcoin works for their own selfish gain. These people could've put their life savings into bitcoin and wiping out their life savings just like that by selling low, man that's the cruelest thing you can do to your fellow humans. I would not ask anyone to hold if they're so inclined to sell, hell it's their money not mine, but I'll try to talk sense and logic to those who would listen. Anyone who thinks buying high and selling low is actually a good idea, perhaps they really shouldn't be involved in anything financial at all and best for them to exit, rather than asking stupid questions like, 'when is bitcoin going to be $xxx' or 'should I buy or sell'. To quote Satoshi himself,
“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”
+1, although I do believe that people who listen to idiots do deserve it, I can see that when you are in despair and need any encouragement, even some trolls opinion on a messageboard might be enough to tip you over to making stupid decisions. The only way that bitcoin can really grow in marketcap is in wider distribution and adoption, meaning Average Joes have to continue to exponentially buy in and hold. And this has to continue, ad infinum, until market saturation. This is how the exchange price increases over time. But if the bearwhales scare away all of the Average Joes with their manipulation, and only end up buying and selling to themselves, then that is NOT distribution, it's consolidation of BTC into the hands of the very few. And when the few are left with no more Average Joes to sell to, what happens to Bitcoin then? The price will go nowhere, because not enough people own it, value it, and use it. And then merchants will drop it, because no one uses it to purchase things. well, if you watched the 30K BTC wall ingestion yesterday, you'd have seen hundreds of small buys eat the wall away; like a thousand little piranhas. there was distribution to smaller hands. Purchases in tranches of 1000's of coins at a time? Average Joe buying? Not likely, more like only smaller whales. But still whales nonetheless. Or a collusion of whales working together - one whale can also have multiple trading accounts on the same exchange, don'tcha know  Anyone who still thinks that this market is not absolutely OWNED by the whales is just fooling themselves. It'll take years and years of distribution for this market to stop seeing so much volatility. |
|
|
|
The wall builder lost about $300,000 doing this crazy move.
wall builder made what, 7-10 million so that's probably pocket change...pay 300k to make 10 million.
Did he? How do you come to this conclusion? Maybe he was speculating on a continuing drop, any by using the upswing from the flash-crash (if we may call it that), he was effectively using the combined buy-back power from everyone in order to liquidate his position at once. The move was not good strategy, he should have monitored all other exchange prices to get a read on the real upward pressure being applied to his wall and moved his wall up accordingly. To just leave it at $300 and maybe go to bed was crazy. I guess these other guys can't possibly fathom that exchange insider whales would have enough funds and bitcoins to: 1. Open large short positions at 600 (precisely on the 3D chart crossover to the downside) 2. Start slowly selling off bitcoins to drive market down, putting up large sell walls along the way 3. Drive a capitulation down to $275 4. Set up their own 30K btc sell wall @ $300, and buy it back with small purchases to short cover without sparking a rally 5. Remove all sell pressure after the short cover, allowing market to naturally rise Naw, that couldn't possibly happen. Nope. |
|
|
|
Look at all the little baby profit takers selling right before the $350 wall.
A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol
I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.
The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it. Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp) Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell. Wrong. That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally. It was completely engineered. It was probably their own btc sell wall. You are delusional. It was a real sell. Get out of lala land. A big whale can sell to themselves if they are the only one(s) on the exchange. Show me the Average Joe buyers. What? The wall was eaten by hundreds of smaller buys... no single "whale" ate a large enough chunk of it to seem odd. Biggest buy was like 2.7k. Also. that fee would be enormous. Plus it coincides perfectly with the transfer of 40k BTC yesterday. 40k transferred 10-05-14, 40k sold on bitstamp a bit later. I heard the last 11.5K was eaten in one gulp. Did I hear wrong? Also, fee doesn't matter when you shorted from $600. |
|
|
|
Look at all the little baby profit takers selling right before the $350 wall.
A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol
I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.
The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it. Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp) Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell. Wrong. That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally. It was completely engineered. It was probably their own btc sell wall. You are delusional. It was a real sell. Get out of lala land. A big whale can sell to themselves if they are the only one(s) on the exchange. Show me the Average Joe buyers. |
|
|
|
Look at all the little baby profit takers selling right before the $350 wall.
A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol
I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.
The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it. Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp) Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell. Wrong. That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally. It was completely engineered. It was probably their own btc sell wall. |
|
|
|
I just find it annoying that bear trolls keep telling people to sell as if they're so concerned about other people's financial well being when they are clearly destroying newbies and those who do not understand how bitcoin works for their own selfish gain. These people could've put their life savings into bitcoin and wiping out their life savings just like that by selling low, man that's the cruelest thing you can do to your fellow humans. I would not ask anyone to hold if they're so inclined to sell, hell it's their money not mine, but I'll try to talk sense and logic to those who would listen. Anyone who thinks buying high and selling low is actually a good idea, perhaps they really shouldn't be involved in anything financial at all and best for them to exit, rather than asking stupid questions like, 'when is bitcoin going to be $xxx' or 'should I buy or sell'. To quote Satoshi himself,
“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”
+1, although I do believe that people who listen to idiots do deserve it, I can see that when you are in despair and need any encouragement, even some trolls opinion on a messageboard might be enough to tip you over to making stupid decisions. The only way that bitcoin can really grow in marketcap is in wider distribution and adoption, meaning Average Joes have to continue to exponentially buy in and hold. And this has to continue, ad infinum, until market saturation. This is how the exchange price increases over time. But if the bearwhales scare away all of the Average Joes with their manipulation, and only end up buying and selling to themselves, then that is NOT distribution, it's consolidation of BTC into the hands of the very few. And when the few are left with no more Average Joes to sell to, what happens to Bitcoin then? The price will go nowhere, because not enough people own it, value it, and use it. And then merchants will drop it, because no one uses it to purchase things. |
|
|
|
Final dead badger bounce before the single digits?
y u sai dis  ya sure this is another dead cat bounce, because bitcoin is dead, and its just bouncing because retards are buying it. It's amazing how the price naturally rises when the manipulators drop the sell walls, isn't it? |
|
|
|
It continues to be puzzling to me that so many people in here seem to be completely unwilling (or unable?) to think in different time frames, or like to draw invalid (most likely) conclusions from developments in one time frame to another one.
Doesn't really matter whether the following is factually correct (feel free to disagree, obviously, it's just one guy's opinion), but just structurally, what's so weird about thinking that we'll probably have some move upwards ahead of us (rockets.jpg) on the short term, but will probably fall back sooner rather than later, because: bear market & not enough new investors, mid to long term, but that any of the previous two time frames say very little about the very long term prospects of Bitcoin (which, in my opinion, is better than ever)?
so u ar saying that short term bullish, med term bearish, mid long term bearish and veri long term very bollish ? btw bitcoin is all over the news again.... I know, just look at all of that positive and reassuring news! This will really get the Average Joe involved! Here are the top three Google Headlines:Bitcoin tumbles-are investors losing faith? Bitcoin price falls to 11-month low Bitcoin Prices Are Down 73 Percent Since We All Went Crazy Over It |
|
|
|
Buy buy buy bitches!
Only noobs haven´t bought in @~300 already.  I hope there are a lot of them left You mean the likely 200K+ bitcoiners that bought sometime this year and sold at a loss? Yeah, I'm sure that their just DYING to buy back into the market.  And all of their friends & family they told about their wonderful bitcoin experience this year too. If you can't take a few bumps and bruises you don't need to be in the game. Is this what you would tell all the Average Joe Public millions that you NEED to buy into bitcoin eventually? Dude you must be an idiot. The point is if you are afraid of taking a loss then you have no business being in any kind of investment. Doesn't matter if its bitcoin, stock, mutual funds, etc. If you aren't a risk taker then once again you have no business being involved in investment... period. Oh I'm sorry, I thought Bitcoin was the currency of the future that tens, maybe hundreds of millions of Average Joes would eventually be swayed to buy into some day and have a marketcap equal to 1% of Gold. Not some niche flaky investment that only the bravest are willing to loss their asses over, and exchange insider manipulators to short the hell out of and put up a 30K btc sell wall so the market can't naturally rise back up to $500+. |
|
|
|
Buy buy buy bitches!
Only noobs haven´t bought in @~300 already. I hope there are a lot of them left You mean the likely 200K+ bitcoiners that bought sometime this year and sold at a loss? Yeah, I'm sure that their just DYING to buy back into the market. And all of their friends & family they told about their wonderful bitcoin experience this year too. If you can't take a few bumps and bruises you don't need to be in the game. Is this what you would tell all the Average Joe Public tens of millions that you NEED to buy into bitcoin eventually? |
|
|
|
Buy buy buy bitches!
Only noobs haven´t bought in @~300 already. I hope there are a lot of them left You mean the likely 200K+ new bitcoiners that bought sometime this year and sold at a loss? Yeah, I'm sure that they're just DYING to rush back into this market, especially with all the obvious short manipulation. And all of their friends & family they told about their wonderful bitcoin experience this year too. |
|
|
|
So I see that the wall has been removed There is no buying pressure anymore now?? Bid/ask ratio is looking nasty  what wall? only wall of talk lately was eaten. also china punching in to 2070.. 2100 gonna fall before lunch? Anyone who feels that either 'buy' or 'sell' pressure in this market over the last 2 months is because of participation of Average Joe public buyers/sellers is completely out of their mind. sorry if lunch as a time frame sparked whatever point youre trying to make? Sorry if you lack the comprehension of my point? |
|
|
|
So I see that the wall has been removed There is no buying pressure anymore now?? Bid/ask ratio is looking nasty what wall? only wall of talk lately was eaten. also china punching in to 2070.. 2100 gonna fall before lunch? Anyone who feels that either 'buy' or 'sell' pressure in this market over the last 2 months is because of participation of Average Joe public buyers/sellers is completely out of their mind. |
|
|
|
Reverse head-and-shoulders pattern forming on the 15m chart, looks good so far.
Not once or twonce we had fake recovers before dropping to the next level. Biggest one was the rise to 450 after announcement of paypal accepting BTC. I would be very onservative before calling a reversal +1. I do like this bounce though. paypal was huge news and it went up like 20 bucks which was hugely scare (should have been a 30% bump) Agreed, I'm not calling it a bottom just yet. We need to break 350 and fkn stay above that for some period of time. Like several weeks. |
|
|
|
|
Reverse head-and-shoulders pattern forming on the 15m chart, looks good so far.
|
|
|
|
any reason why we drop so LOW?  Yeah, I can think of one: NO BUYERS |
|
|
|
The only thing that gives me some consolation is that Tim Draper is WAY more in the red on his bitcoin investment than I am. Unless.... he's the one doing all the selling.  |
|
|
|
For the first time i'm wiring loaned money to exchange. Let's see how this turns out  Maybe i'm already ruining my cash game career or my life for that matter. Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out  (Living in sweden it's tricky to get guns) you're not sane right now step away from bitcoin and come back next year. Nah I'm sane. It's just that I'm all in with my money so I find myself in a situation where I have 2 decicions to make, both which happens to be very stupid decisions. Either I just sit this one out, not taking advantage of this terrific opportunity OR I loan money and invest them going big! I honestly feel better going with the latter but it is a very nervewrecking thought and it's definately easier to not give a fuck and just go with the former and just sit it out. Thoughts are welcome Here's my 2c. Personally, I'm sitting on the sidelines. For one, I can't drastically lower my average cost position until we find confidently find a bottom. And so the market has to either sharply spike up, or we have to go sideways at the same price for quite a long time, a minimum of 4-6 weeks. And we haven't done either one yet. My other reason is simply that my ego can't take buying at a loss any more this year if we continue to drop. |
|
|
|
|
No one fkn knows. It's getting comical.
We just had a spike to 450 just a week ago for gods sake. That's a 10% rise, then a 20% drop from there, all within one week.
And in a market with no buying pressure, you can just accumulate and dump to your heart's content. No one will buy them back, just bots.
|
|
|
|
Man...these dumps! Where do these coins keep coming from!
2011-2012? Possible, if they were bought below 20$ the sellers are still making a nice profit. But they had so much time to sell at 1,000$, then at 800$, 600$, 500$... Don't forget April 2013. Some folks bought coins at the top of the April ATH, and have held ever since. But they may now be starting to worry. I know that if I bought in April's spike between $200-266, I'd be the fk selling right now if I hadn't already... to make sure to lock in some profit. |
|
|
|
|
Show Posts
