This shit is better than sex  If you truly believe that, then you're doing it wrong (sex that is). |
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I'm now looking at other threads on this board... man, I thought I was a perma-bull but at least with some "common sense".... now starting to realize that common sense has completely left this sub forum, and other perma-bulls will keep drinking the koolaid all the way down until bitcoin hits some obscenely low price. It's getting pretty sad now, all people have left to say is "Just wait for the bounce!" and "Any time now, you'll see!" Yeah, been waiting.
No I will not sell my holdings in a down market, that would just be stupid. I waited too long to do that now. They're going to cold storage. But now I'm sitting this completely out, watching the remaining circus unfold.
Will probably leave this sub forum for a couple months. I'm sure I'll come back here and the perma-bulls @ $100 will still be going "Just wait for the bounce! Any day now, you'll see!"
Disclaimer: I still strongly believe in Bitcoin's future. Just can't believe the silliness in the market that I'm seeing right now. It's destroying market confidence.
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All major merchants who receive BTC immediately sell. As a miner, I need to sell just to squeak buy; other miners probably doing the same; soon it will not be profitable to mine and many will stop. Sold half my stash recently; may simply wait to buy back cheap as everyone panics; cheaper than mining. Everyone selling, doesn't look good.  you're STILL profitable??? god damn we need to go lower! $299 yet? lol  Yes, let's go lower! Yes, down to $10 so Prof. Bitcorn can be vindicated. |
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Someone is working overtime to hold $375. Hope they have a few million on hand.
... or it could be 10 thousand someone's who've decided it is a good entry point, betting against the crowd (sentiment reversal) is the biggest risk at these levels Think about how stupid this is though. You don't just need buyers at 375, you need them at 400 and above as well. You'll also need them at 500, 600, 700, and so on. ... and on and on and on, you'll also need sellers at those levels? think about how stupid that is? you just described sentiment and tried to refute it in the same sentence Dude just no. There's nearly a whole 10 months of future sellers now. These are the people feeling that they made a mistake, not buying any more, and are just waiting for bitcoin to hit their price point again so they can get the fk out. |
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Someone is working overtime to hold $375. Hope they have a few million on hand.
... or it could be 10 thousand someone's who've decided it is a good entry point, betting against the crowd (sentiment reversal) is the biggest risk at these levels Think about how stupid this is though. You don't just need buyers at 375, you need them at 400 and above as well. You'll also need them at 500, 600, 700, and so on. |
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As the price declines, it becomes easier for brokers to negotiate lower prices on behalf of their clients to buy bitcoin in large quantities outside the exchanges. We are witnessing a transfer of wealth. The exchanges are so thinly traded that a large institutional trading desk could move the entire bitcoin market. These large corrections have been a part of bitcoin's entire price cycle.
Highly likely. A lot of coins are moving around at or below these prices off exchange. Once this new accumulation has taken place then something like the ETF will be announced or EBAY will directly integrate btc or something and its off to the races. A mania can be whipped up in bitcoin in a few hours of concerted buying. If people think half a billion dollars of VC money is being thrown at bitcoin and noone has thought about the profit potential from actually taking large positions in bitcoin itself then you are in for a surprise. Edit: though I wish they would hurry up about it.. You mean like all the amazing panic buying that happened this year with the announcements of Overstock, NewEgg, Dell, Expedia, Square, Wikipedia, United Way, and now PayPal???  It's getting pretty obvious that good news is not creating a panic buying stampede. In fact, I FEAR one more big good news announcement this year and PRAY that it never happens. |
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Time for the final dump
 Why would you even assume at this point that there is a FINAL dump? When not just continually dumping over and over, $10-20 /week until some ridiculously low level is reached? |
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Why all the negativity? Months and months i saw nothing but people cheering with every price drop. Cheap coins was all i heard. These dumps were the best thing to happen. I assume everyone is buying like mad now? Right?
I guess day traders always assumed that someone will eventually buy their cheap coins for higher. They always assumed there would be bounces to the dumps. Guess they never considered what would happen if all buying demand completely stopped because they continued the crash the market for 10 months straight. No one wants to continuously lose money, even within a 12 month period. |
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its the same wall that was blocking at 415 yesterday
Maybe give it a name, George the sellwall or something  Looks like this is just one group faping on an empty market. Big holders are deperate to get out and can't. This should be a warning:/ why are they so desperate tho? Guys, you are missing something here. In a dead market, it is super easy for whales to just accumulate at a fixed price point, and then dump everything in one go. They lose nothing in the process, and succeed in getting the market to dip, hoping for more sell offs to take it lower. They can continue to do this ad nauseum in a market that has no real buyers. They'll just keep doing this until some real buyers appear. |
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Good lord, are we just going to grind down an average of $10 a week until we hit $100? Not panicking, just a serious question here.
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This place would be so much better if everyone would just stop quoting idiot stolfi.
It's amazing you guys still don't get it. This isn't about Bitcoin. This is about him getting attention. All you are doing is feeding his need for attention. He will keep saying the opposite of what you say just to get attention.
Why don't you people realize this?
If this thread would be closed he would find another high traffic thread about a much talked about subject. He will read it and then start posting in a way that will make a lot of people reply to him. This can be a forum about candy, seals or trees. He doesn't care. He is obsessed with getting attention and you are giving it to him.
Actually he's a paid troll. He's paid to be here. As I'm sure there are others here as well... starting to think mmitech is a paid troll too, the way he blathers on and on ad nauseum... Well unlike most of idiots who talk about me being a troll, I actually owned Bitcoin and I actually made good profits and that was achieved by using so commonsense and objectivity. I am not a Bitcoin die hard cultist and if Bitcoin would crash down and burn that wouldn't change my life style allot... I have a profession that I can start using again anytime, I was(am) a successful engineer even before I know about Bitcoin. You're really going to come on a pro-bitcoin forum, drag out 4 years old, tired counter-arguments about how Bitcoin is doomed to fail and here are the valid reasons, pat yourself on the back and tell everyone else they lack the objective thinking of your brilliant mind?? That sir, is the purest definition of TROLL that I can think of. ALL HAIL THE BRILLIANCE OF MMITECH! |
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I would pay money if people stop quoting the troll shroomskit fonzie.
FTFY |
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This place would be so much better if everyone would just stop quoting idiot stolfi.
It's amazing you guys still don't get it. This isn't about Bitcoin. This is about him getting attention. All you are doing is feeding his need for attention. He will keep saying the opposite of what you say just to get attention.
Why don't you people realize this?
If this thread would be closed he would find another high traffic thread about a much talked about subject. He will read it and then start posting in a way that will make a lot of people reply to him. This can be a forum about candy, seals or trees. He doesn't care. He is obsessed with getting attention and you are giving it to him.
Actually he's a paid troll. He's paid to be here. As I'm sure there are others here as well... starting to think mmitech is a paid troll too, the way he blathers on and on ad nauseum... |
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if the technical part of Bitcoin stay as it is today, then simply Bitcoin wont survive for 20 years... and this is for sure.
You are bullish, in this case I'll only give it 4 - 5 years.  apart from the obvious answer to extend functionality would any of you care to elaborate why. And please give concrete technical reasons Even if you cant figure for your self half of the challenges Bitcoin is facing, there is a wiki for that... take some time and read about it here Edit: for some reason they didn't include the Block size limit and blockchain size problem (could be in the future) mmitech - Condescending savvy forum users who to him apparently didn't read the Bitcoin wikis from like years agoTM |
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Please don't warn us one last time!!! Your insightful contributions are just so valuable!!! Please warn us at least 2345345534545 more times!!!
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Ripple is a technology that works with banks, i.e., it’s centralized so that you can literally turn your dollars or euros or sterling into a digital form.
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NO FKN THANKS!!!! And stop with your pointless shilling of Ripple plz. |
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Anyone else in here use Circle?
I've never experienced a better way to buy bitcoins. So easy my grandma can do it.
I requested my invite May 27, 2014... and I have been waiting ever since... waiting , waiting and waiting.... In the end of july, sent them an e-mail requesting a status update, and they said dont call us, we will call you. lol, they slap you in your face by calling don't call us, if you deserve we will call you. Here's what I sent them today, and their reply back. Hi,
Are you guys EVER going to approve my invite? I have been waiting patiently for months and have sent several requests. Several of my friends are already using your service.
Sep 25 01:45 PM
Hi,
Thank you so much for your interest in Circle! I understand that it can be frustrating waiting for your invitation.
We are gradually increasing the number of invites and users, collecting feedback and optimizing product features to ensure that we can deliver an exceptional experience to everyone.
Please keep an eye out for an email from us in the near future.
Let me know if you have any other questions in the meantime.
Adam, Circle Support
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Hard to imagine anyone able to hold onto their coin when the price went up to 1200.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me. The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes. Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose. So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing. Hopefully in the future, there will be less and less reasons to sell btc for fiat. Someday I want to buy a new custom house directly with bitcoin! |
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Anyone else in here use Circle?
I've never experienced a better way to buy bitcoins. So easy my grandma can do it.
A lot of people here would love to experience Circle, if they would ever fkn approve our requests for an account. I've been sending them email requests since April. |
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I don't want to be trolled, i want to keep the thread clean, and flow nicely without interruptions / discussions.
Good that you want to keep it clean, but please correct your typos. there will be typos... ill try to keep that to a min, sry, dyslexic* "...these newsz as gorwing* pains.." https://www.facebook.com/pages/Gorwing-Things/110134029003393 |
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