Government does no want it to pan out just like they made gold and silver stay low for years around $300 and silver $3
Pathetic gold bugs.  Gold and silver are just unattractive investments in certain market cycles, their prices do not always involve government shenanigans but simply the market deciding there are better investments out there. |
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Bitcoin was just simply overvalued by crazy Chinese gamblers... it went from 100ish to 1000 in a month. Now it is going back to its market value. Nothing special about it. No need to think of conspiracy theories.
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Those giant spikes up are caused by delusional dumb money (i.e. general public) during a media driven hype. Smart money buys low.
It wouldn't surprise me if bitcoin will be hyped up again after some kind of 2008-like financial crash, which is likely coming in the next year or two.
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You can anticipate crossovers on the shorter time frames and in conjunction with other indicators. That April loss could have been avoided by using a stop and seeing that the rally obviously exhausted on the RSI.
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Yet people keep on hodling here.  |
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Bobby is a bag holder.  |
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" Cherish life, walk away from bitcoin" Zhang Niannian - PBOC Official. When PBOC talks, listen.  |
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$1500 after having crashed from $3000
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Australia is in the future. |
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Russia is overrated, they are just a banana republic with some nukes. There are much smaller Western European countries that could have a more significant impact on the USD than Russia.
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so why was the bear market of 2011? also why is it not included on that one graph? do you think we are having another bear market coming where we might see a slow decline over the next year? i wouldnt like htat at all
Mt.Gox has the oldest chart history, many of the younger exchanges like bitstamp are missing 2011 data. |
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This chart looks too good to be true. I wouldn't take such optimistic charts seriously if I be you. I would say: take both very positive and very negative info with extreme care.
That chart is missing the bear market year of 2011:  Could happen again for all we know (93% reduction from ATH). |
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Arrrggg, first world problems, still have 1250 of the 2100 that I mined on launch day ... Getting hard not to sell when I could get almost half of a bitcoin for one days mining
Sell.. This scam won't last. Most Dutch people see it as an outright scam and will not give their private info to some anonymous conman. |
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Sold out at 1000 and haven't held bitcoins long term ever since. Sometimes I have bought on the crash dips for brief swing trading, but not long term holding.
Bitcoin's technical indicators are looking very bearish. It is close to crossing the 1 week EMAs this hasn't happened since 2011 (+90% bitcoin crash).
Might consider re-entering for the long term when enough bag holders leave the market and it crashes to the 300s to 100s.
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Satoshi's stash = controlled by the US gov.
US government is the largest holder of bitcoin (Satoshi's stash, Mt.Gox coins, Darknet raid coins etc.).
Bitcoin is essentially USD 2.0
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This shit is a scam, I can't believe people are actually buying into this.
They will eventually get goxed and lose all your private data to ''hackers''.
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You guys are delusional. Buffett won't pump an altcoin. He simply does not care about crypto-currencies in general as that is not his style of investing.
Move on.
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A workforce paid in bitcoin would totally kill innovation. Why work when you just can HODL your way into more wealth.
So, nah, I would not want to be paid in bitcoin nor would I want to live in a society with a deflationary crypto-currency.
Nothing wrong with bitcoin as a niche investment vehicle/hedging tool... but as a national currency it's insane.
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Waiting for Proudhon calling the bottom.
Confirmed. |
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