There is a sell wall of 45 BTC on bitstamp.net ! Look it  In this day price is drop from 600$ to 570-580  I just put up a sell wall of 3.7 BTC on Stamp. Prepare for <$300 bitches!! |
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So what's the answer then? Since you nor I, nor anyone else here is involved in core bitcoin development, should we all take Peter's eloquent advice and just sell everything until "something is done about this foul injustice that hasn't been solved in 4 years?" Yeah that's it, tell everyone to sell everything so bitcoin is back at $0. That'll solve the problem.  What an immature imbecile that kid is. It's like throwing a public temper tantrum..."No one will listen to me, waaaaaa!" |
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TL;DR dude sells coins because of some FUD he believed in. Peter Todd is a Bitcoin core developer. FUD = Facts U Dislike. Oh, so he is not "some dude". Makes more sense now. I also think that GHash.IO situation is very bad for btc prospects. Yes he his just some dude, a young headstrong kid who just happens to be a core bitcoin developer. So what? There are a lot of bitcoin developers out there. He has his opinions just like everyone else, but his opinions are just that... his. Personally I'll take Gavin's opinions on the matter over Peter's any day. And staging some lame "boycott" by selling a large portion of your holdings is pretty silly. |
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I love how the fearful, panicky, easily spooked Bitcoin community constantly tries to turn non-issues into serious issues. With all the paranoid weak hands with a finger constantly on the SELL button 24/7/365, always looking around every corner for an excuse to sell, will bitcoin ever truly become less volatile and more stable in the future? Nope.
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No one outside of China cares about China any more.. it was the FED news..
FTFY |
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It was pretty clear yesterday that the elite FUDsters decided to coordinate their media FUD campaign in 5 different areas simultaneously:
U.S.-based FUD: The Forbes article of the FBI auction of Silk Road coins, spread fear of coins getting dumped on the exchanges
Bitcoin-based FUD: Spread renewed fears of a 51% attack by GHash.IO
China-based FUD: The Caixin bitcoin article re-asserting China bank ban fears
Stamp-based FUD: Spread rumors of lagging transactions and widening price spread (possible problems with Stamp?), rumors of whales moving away from Stamp to other exchanges
Bitfinex-based FUD: Spread fears of over-leveraged longs being squeezed
Don't you guys see what's really happening? There's just no way all of these things would naturally come out simultaneously on the exact same day. The only way is if it is a coordinated FUD campaign designed by the troll whale traders (who have multiple accounts on different exchanges). They needed FUD to happen on all the major exchanges simultaneously to have the greatest impact on the panic selling. And it worked beautifully. The pigs and sheep got confused by all the possible reasons, thought they were legit, and said "I'm not sure what, but something bad's happening! F it! It's going down, I gotta SELL!!"
People need to wake the F up and realize just how much they are being played.
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I'm glad to see the price go down before the auction. It only takes $$$ out of the hands of the feds and makes the buy price more attractive for large buyers who are also future hodlers.
This is a classic game of the crashing game where the Elite, through the government agencies and media, actually make the news (and hence the price). They can short bitcoin for the last weeks and then, at the precise moment that they desire, BANG: " We are dumping BTCs"... price tumbles, they buy back at a lower level through the sheer volume of the sheepish panic sellers = epic win. Anyone who thinks this kind of move is randomly chosen, is... well... naive - to put it mildly. There are two extremely valued abilities in finance. The second most valued is knowing the future, because you can then play the market with confidence. The first most valued ability is actually controlling the future. The Elite control the future. They create scenarios and "news" that capitalize on the "news-addiction" of traders that move like a herd, influencing the price towards the desired way. That's in most markets btw, it isn't something new. It's just now been played out with BTC as well. Again, this is a classic case of controlling the future through the fbi "event" and the associated "news". The pattern is repeatable. One must sell a few BTCs after new peaks and have cash standing by to buy the dips, relieving weak-handed traders who panic sell. In this way one can increase their BTC holdings while also acting as a stabilization force for the price of BTC. At least someone else gets what's really going on. I'm more interested in what the situation will be like 3-5 years from now. The so-called bitcoin experts say that as market cap grows, bitcoin will become less volatile and thus a much more stable form of currency. But I ask, if the pigs and sheep are still so easily swayed by FUD even when price/btc is at say $10k or even $40k, will bitcoin ever really be less volatile? In other words if the volatility stays relative to the price (eg, still doing +/- 20% daily swings even 3-5 yrs in the future), then will bitcoin ever really be stable? After what I witnessed today, I'm starting to seriously have my doubts. |
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Big news. Definitely explains the drop. No, it doesn't Your right. It totally doesnt explain the lack of buyers AT ALL. Because all of these guys with the money to move the market had no idea this was coming.  Totally serious. Care to explain? So you're quite serious to think that (insider) trading whales couldn't possibly have (insider) advanced knowledge that the Silk Road coins were to hit an FBI auction the end of this month? That there's no way that they might have been tipped off days ago that the news article was going to hit the web on Forbes? |
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Big news. Definitely explains the drop. No, it doesn't Your right. It totally doesnt explain the lack of buyers AT ALL. Because all of these guys with the money to move the market had no idea this was coming. |
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Ah, the tards at Stamp want 600 so bad, sooo bad! But...they...can't...quite...get...the...shoulder...to...rolloff. Ugh, working soo hard now. Tick tock, tick tock. They better hurry before they run out of coins to sell, as fresh fiat is rushing to the exchange as we speak.  |
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I heard that they found the real Satoshi, and he's working for the NSA.
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Lulz at all da bears trying their darnedest to "engineer" a fake down trend. It's so cute.  |
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It's weird. Like someone is trying to shake out some weak hands. But now, after all this time?
Is it really that weird? Ever noticed that whale(s) on Stamp, BTC-e, and Huobi seem to always dump hard on the very days that strong good news comes out? |
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All a bunch of FUD orchestrated by whales trying to shake out weak hands on Stamp and BTC-e, before an end of week rally.
Good luck to all you weak sellers if you fall for this crap.
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The one thing I hate about Bitcoin rising is fonzie inevitable come to post his shit each 2 minutes. Was so good without him while we were at bottom. What a sad fuck.
Donīt you worry my darling, the times of a rising Bitcoin is over! Resumed and prolonged bear market has just started! MIght take 2-3 weeks until we hit the new bottom. If you are so convinced of price dropping, then why the need to even come here and troll? Oh wait... |
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Expedia is not the announcement.
There is another big one coming.
... this company may make you scratch your head as to why they're better for Bitcoin.
But the key is, they're a big company.
Expedia's value is 8.8 Billion. This company's value is more than 11 Billion.
Its just a *completely* different demographic. And I think they have their hands dipped into several commercial interests.
-B-
I'm guessing the other announcement is Warner Brothers, or something similar. Just a pure uninformed guess, the market cap seems about right. Do I get a prize if I'm right? |
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Naw. Expedia is going to accept Bitcoin. I don't see why it's such a big deal though.
This is quite big news! A big step forwards tourism with bitcoin. I hope they expand it to their plane tickets service. That would be huge. As I said 2 days ago, I don't know why this is that big a deal. They already had a payment processor for them that accepted Bitcoins. This just pulls that into their own company. Anyway, I'm hoping this means they actually stick Bitcoins as a publicly-visible option on their main website. Otherwise, nothing changes. I guess it's not just bullish in and of itself that the online media headlines smear "Expedia to accept bitcoin!" broadcast to tens of millions of new people who have heard of bitcoin but have never bought any? Or to tens of millions of new people who have never heard of bitcoin, but see these news headlines for the first time? How do you think the bitcoin userbase grows, by magic? |
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Question for the whale Bitfinex long holders: How do you feel now that Bitfinex have officially pulled out of Bitstamp and liquidity is going down more and more? How and when do you plan to close your positions? I think Finex should at least have announced it publicly a few weeks before they do such a major move. Have they thought that people would send millions of USD because they added Darkcoin fonzie, you do realize that when sub forum members see you and the other trolls show up and start posting like madmen, that it is actually a bullish signal? |
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