|
Honestly, I'm not seeing what's so positive about this dump other than it didn't drop much. We were in a small pennant that started rising since 6/30 @ $589. And we broke down to $590, instead of up. On zero FUD in the news this time. We have yet to even reach the $683 high back on 6/1.
The good news is that it seems like a random dump, probably a troll trader trying to capitalize on the fictional 7/24 moon date that everyone just made up in their heads. I guess the next time it's more serious we'll see if the $580 support holds, as well as the recent double bottom at $555.
|
|
|
|
Wherever this lands, I'm gonna buy this dip.  |
|
|
|
A troll quoting another troll, classic.  |
|
|
|
|
Yep, confirmed. Because it was easy to check and see.
|
|
|
|
Price stability is good.
If you are expecting to get rich holding bitcoin from this level, you may have better luck buying lottery ticket.
The odds of winning a lottery say otherwise. |
|
|
|
Basically its in a wedge. Last time it was in a triangle it broke out and almost hit $700 about 2 months ago.
It will either break up or break down sometime this week or next....
See chart below
<snip>
I've never seen the most arbitrary lines drawn on a graph in my life, until now. That's pretty pathetic dude. |
|
|
|
Yep, confirmed. It was easy to check and see.
Can you show the data you are looking at? I am unaware of any technique that could confirm this, so I'm interested. I think facetious is the term... Actually, the term is gullible... so easily to troll this forum, and I'm not even a troll. |
|
|
|
|
I was just over in the FB stock forum and saying the same thing. What's taking so long for FB stock to hit $1000/share? I just don't understand. It should be at moon by now.
Lol.
|
|
|
|
|
Yep, confirmed. It was easy to check and see.
|
|
|
|
empowering gave me an idea for a new poll question: How many bitcoins would JorgeStolfi need to have in order to become a bitcoin nutter advocate?  =1 An amount that he can't afford or something, or he wouldn't be here trolling all the time with inane arguments. |
|
|
|
(3) Bitcoin's only intrinsic value is its utility as a method of payment. Its value as an investment depends entirely on that utility.
No, this is not true. A significant portion of bitcoin value comes from its utility as a storage of value: an asset that is scarce, non-confiscatable, exceptionally carriable (cf. gold), pseudonymous, uncorrelated to any traditional asset, and more. (The last one is in fact a defect.) Yes they do. Consider real estate on Pluto, and suppose that the UN created a body to manage its property register, with an open reliable market, and everybody trusted them to be up and honest for the next 100 years. If, on some day, the market price of 1 square km on Pluto were 1 M$, would you invest that money into it? How would you know that the market price of that land would still be 1 M$ the next day, and not 10$?
You wouldn't. But you wouldn't know that with any other piece of land on Earth either. On Earth things like earthquakes, floods, and fires happen, rendering a once valuable piece of land worthless overnight. Market value is only what people are willing to pay, not what some ledger says. If you want to debate properly, you need to stop making silly troll remarks. And from what I understand you don't even own any bitcoin. So tell me why you are here again, day in and day out, enlightening us with your trolldom? |
|
|
|
Maybe we should work on changing hoarding for saving. It's not a bad thing, it makes a lot of sense to have resources at your disposal and it makes little sense not to given the option.
Yeah, someone needs to explain why holding bitcoin is called "hoarding" and seen as a negative, but apparently holding gold and silver (and other stores of value like real estate, stock, art, etc.) is called "saving" or "investing" and seen as a positive. I guess Tim Draper is considered a high net worth "hoarder" then. So are the Winklevii for that matter. |
|
|
|
More and more company accepting bitcoin as mean of payment.
But why bitcoin still down, anyone can give me some reasonable explaination?
Do you want a reasonable explanation, or a non-reasonable one? Because this sub forum only hands out non-reasonable explanations. Try reddit/r/BitcoinMarkets or TraderView for the factual reasons. |
|
|
|
But it may ultimately fail, as well. We saw promising performance with Litecoin. RIP, little silver brother of BTC...
Quoting you. Let's revisit this little comment in 12 months, and compare where Litecoin is compared to NXT, mmmkay?  |
|
|
|
I really think we this is "the calm before the storm"
Calm before the stormTM
Next few [hours/days/weeks] are criticalTM
SoonTM |
|
|
|
|
And a billion units. Even if NXT survives long term, it'll take 10+ years for a single NXT to even reach $10 parity. Even at $10/NXT, you still wouldn't be able to run large financial markets on that.
Plus, the initial PoS distribution is even worse that Satoshi having 1M btc. In the NXT world, they'll be at least 12+ such Satoshis to rule the entire NXT kingdom. Also, many of NXT's supposed "2.0 features" are not even implemented, so they are complete vaporware.
But Shhh! don't tell the NXT zealots all this stuff. They don't seem to care about the truth.
No thanks.
|
|
|
|
My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak.  I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early! You are most likely incapable of understanding exactly how too late it is at this time, but it is too early to say for sure how late it actually is lately, and when the time comes you will be surprised at how early some of us (me in particular) were able to determine how late it actually is. Lately I have been giving this topic some thought, especially early in the morning when I awake, which in your part of the world would be very late at night, but I actually experience day earlier than you ever could because of the rotational bias of the spherical solar satellite on which we reside being more attuned to my early waking than yours. It is simply too late for you. But I am done trying to elucidate the likes of you, and will leave now, never to return to this thread. Time will tell. I am not worried. I haven't lost anything and have gained a decent amount in one year so it is all good regardless. But I have a feeling we are still VERY early in this. Please ignore that newbie troll acct, BitChick. Everyone involved in Bitcoin knows that whether it takes 2 yrs, 5 yrs, or even 10 yrs, bitcoin will at the very least do another 80-100X the current exchange price. It's silly to think that the ~2M bitcoiners worldwide currently involved is all that there will ever be involved, ever. A laughable thought, actually. If and when the Bitcoin market ever plateaus, I believe at least 250M+ bitcoiners worldwide will be involved. And that's a very conservative estimate, to say the least. |
|
|
|
What I dont get is how good news after good news comes out, BTC hardly moves up... yet the first sniff at something negative, the markets tank, though short lived most times, but the reaction is so much more quicker.
 |
|
|
|
Seriously, why does China seem to love positive US bitcoin news better than the US? |
|
|
|
|
Show Posts
