I am waiting for one more down, but China seems to have gone to sleep, so the rest of the market waits for them to wake up and decide direction.
If there won't be one more down, this means it was truncated (locally), and since the volume wasn't IMO high enough for capitulation, it would
leave open the possibility of a larger order extension. So... bulls, pray that we go down one more time and that should be THE bottom.
Larger order extension? The bulls on Bitfinex think since it didn't go down in due time, it was truncated, maybe it was, but Chinese volume is much weaker. By a "larger order extension" I mean that while the market may go up for a while (several days), because it was truncated and didn't drop low enough, it could drop again below the current low. To confirm truncation, the market needs to stay for a significant amount of time above 240$. Was ist truncation? |
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So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)
i say 150... dont worry ill just mine with my computer  i got this Nope. I've been saying since a few months ago, I'll buy Bitcoin under 100 and I'll get them for under 100. What if it drops below $10? Massive suicides... A lot of companies inverted MILLONS in hardware for mining bitcoin or providing services with it. This could really be true. I could see hanging myself if the btc went under forever :/ whoa, whoa, whoa, it's just money man. Magical Internet Money! |
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Hory shet, I may be able to buy back all my stolen BTC soon   |
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Don't worry guys, it's not quite as bad as in 2011 yet. Percentage wise.
😈
What would be the relevant price? I think we went 98% down then? EDIT: About 70-80$, right? |
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so bitcoin ETF for the new year it seems then.
Ya. Wall Street will save us  Oh the irony |
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5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street If you read in the main sec.gov COIN page: Filing Date 2014-12-31 Accepted
2014-12-30 21:10:03Documents 14 So, I guess it is already accepted and nearly ready to launch. Hore Shet meme |
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5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street |
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5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? |
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Time for 2013 buyers to be tested...
Coins in cryosuspension - WAKE UP!!
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Just in case anyone needs a reminder, Microsoft is the 3rd largest company in the world (by market-cap), and more than 10x larger than the prior biggest bitcoin-accepting company (Dish Network, at $32B).
Who is No1 and No2?? |
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Yeah, I am not referring to what a fair price would be but the flaw in his thinking.
It is not healthy to shakeout investors, after a certain point you 'kill' the asset.
IMHO we should NOT fall below 340$, it would be really bad (only with a flash crash and then immediately bouncing up back).
True. But that's how the world rolls. What can you say? As for $340, I don't find it impossible to touch, but it will initiate a strong force up (which btw, might be right after the corner as we speak). Remember flash crashes before, have lead to intense rallies right after. Let's hope.. |
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Just drop to $200 already and wash out the weak hands
Why not 140$? Or 80$? Or 20$? Oh wait, then YOU will be the weak hand... I already bought some @ $350. Bearwhale driven or not, the price is right. This is gentlemen... Yeah, I am not referring to what a fair price would be but the flaw in his thinking. It is not healthy to shakeout investors, after a certain point you 'kill' the asset. IMHO we should NOT fall below 340$, it would be really bad (only with a flash crash and then immediately bouncing up back). |
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Just drop to $200 already and wash out the weak hands
Why not 140$? Or 80$? Or 20$? Oh wait, then YOU will be the weak hand... |
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More supply again (MtGox 200K BTC + 2nd SR auction):
Down
It always amazes me that there are panic dumps whenever an article mentions a chunk of coins being manhandled in some way. Oh no, 50,000BTC are going to be privately auctioned in a month, I better dump! Hell, with the Mt. Gox coins we don't even know if they'll be sold off or returned, and when. It certainly isn't going to be tomorrow or the next day. It's almost as if people forget that there are millions of BTC out there where even a marginal percentage could just show up on an exchange at any given time. Market is more wise than any individual, it is the perfect voting system. Whether you wanna admit it or not is your problem. The fact is that we have confirmed increase in supply: 50k this month + 94k from SR auction. 200k from MtGox 8k from Australian police Show me evidence for increased demand (the reason I said 'Down' is because I still see buying pressure only from the usual suspects: speculators and funds, masses are not interested at all). Yes, but you did make one assumption. That those Bitcoins will be dumped on the market very fast. I'm sceptical about that. 1. Auctions have usually been won by long term investors. Why buy at a premium (and they do buy at a premium most of the time) only to dump immediately? That's burning money... 2. Imagine you were a MtGox customer and got 20% of your BTC back. Would you sell most of them immediately? Some people will, but i guess more of them will hold for a higher price to recoup their loss... These coins were out of circulation so basically they were not offering in supply at all. Now they are back, we can only speculate on the amount that will be sold but markets usually tend to speculate close to the worst case scenario (if not more). EDIT: What I am trying to say is that markets are psychological amplifiers - overreacting to news regarding supply & demand. |
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More supply again (MtGox 200K BTC + 2nd SR auction):
Down
It always amazes me that there are panic dumps whenever an article mentions a chunk of coins being manhandled in some way. Oh no, 50,000BTC are going to be privately auctioned in a month, I better dump! Hell, with the Mt. Gox coins we don't even know if they'll be sold off or returned, and when. It certainly isn't going to be tomorrow or the next day. It's almost as if people forget that there are millions of BTC out there where even a marginal percentage could just show up on an exchange at any given time. Market is more wise than any individual, it is the perfect voting system. Whether you wanna admit it or not is your problem. The fact is that we have confirmed increase in supply: 50k this month + 94k from SR auction. 200k from MtGox 8k from Australian police Show me evidence for increased demand (the reason I said 'Down' is because I still see buying pressure only from the usual suspects: speculators and funds, masses are not interested at all). |
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More supply again (MtGox 200K BTC + 2nd SR auction):
Down
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in 32 Hours the price according to my sources will be $377 (+/- 5)  yea, your only "source" is being too much invested and shitting your pants because of that....pathetic. Promise me you will re-quote this at 01:00am ( GMT - UTC) in the early hours of Monday morning. or Sunday night in the US Provided that we hit the bottom at about 340$ I will be all in again after 355$, hope this is serious though because it will need much money to rebound at these prices so fast or some super bullish news (and not yet another service for vendors/merchants, maybe ETF or something).. |
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