Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders? I can see how to fake the volume, but the price... I could buy into that possibility. I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed? If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market. But certainly a possibility.
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere? Arbitrage would balance out the other exchanges I'm sure if this were the case. Though, I am not sure this is actually going on at Bitstamp. Bitstamp like another 2-3 big exchangers are manipulating the market as they want. You have to blind to not see that but many of you like it. You are speculators and it is OK. You forget one thing. The average people, those who wanted to test Bitcoin, those who said"let's give it a try", already sold their Bitcoin and they will never come back. You have to find newcomers to put money into system. Without newcomers, Bitcoin is dead. it's just a matter of time until a big exchanger like BTC China or Bifinex will start withdrawing Bitcoin to dollars; because in the end, it's just a matter of money not Bitcoin shit.  Then, we will see how much this Bitcoin is worthing. |
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Bitcoin is here to prove that without FED saving the world, everything will still back to order FED bought lots of assets with nothing when everyone was in panic, now same trick is going to play again to create another panic (first in petroleum and then everything else) and they will buy a whole lot more this time with money out of thin air  The USD inflation judged by base money supply is 6000% since 2008, but banks cover that by using M2 or M3 as measurement, and those are just numbers in bank's database, just like your bitcoins in an exchange, it can be any numbers banks want it to be, they could easily lend to each other multiple times to create lots of those numbers, and they could repay each other to remove those numbers a lot of bla bla and non senses. how did you buy Bitcoin(if you did it) ? did you work for it or how? with fiat currency, right? So, keep your bullshits regarding to FED and USD. Sell everything you have and buy Bitcoin and live your live by using it. Be an example for all of us! |
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We can speculate as much as we want, we will probably never know, what the real reason was. It might even be real trading going on, but I did see a corelation between times when the Chinese and Russian people sleep and when they wake up. Lots of banning of Bitcoin websites in Russia and some talks about banning technology which use cryptography in the UK are having an affect in sentiments towards the furure of the currency in these countries. Speculators will get jumpy when they see these type of articles in the media and it might trigger a mass panic sell. This creates a opportunity for the real investors and the people who really know and understand the technology to buy cheaper coins and when they hoard/hodl these coins, the price will go up again.  UK will ban bitcoin this year. Russia announced it since September 2014 that they will ban and they just did it 3 days ago. If you take a look to the comments from that time, you will notice the same attitude : "it is not possible, these are BS". Well, it was possible. Bitcoin will be banned or very strict regulations in Europe and USA very very soon. There is an ongoing investigation regarding to all the US exchangers and you will many of them facing charges... Yes, the US exchangers like CoinBase, BitPay, Kraken will be closed It's not about panic. it is reality. I know the Bitcoin fanatics and those who are earning a lot of money from it, will say "NO, Bitcoin will survive". Yes, it will survive as technology but not as a payment system. |
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more articles like this will appear in the next period of time and corroborate with some ongoing investigations over US exchangers will conclude to the Bitcoin death.
mark my words, Bitpay will be closed very soon.
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Considering that the daily volume is ~350,000 coins and total miner reward per day is 3,600 coins, it might be a small piece of the puzzle... but the lower the price goes, the more coins the miners have to sell to keep operating (space, electricity, network connection etc). Is it a vicious cycle?
It sounds desperate but I'm sure not all miners will do the same. For some, if the price is too low, they would rather not sell at a loss and wait for price to go up again before making the next move. they have bills to pay, they have to live their life too. they cannot livee with Bitcoin everybody needs fiat currency not a "virtual" one. |
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AGAIN, 1 Milion users worldwide
which means it can grow 1000-fold. the number of fools is limited Don't you mean the number of fools is unlimited? Just 1M users? There has to be more than that! go ahead and find them. The Bitcoin "community" need them NOW . The libertarians who are using the banks and all the others facility the "bad persons" created them, need more fools. |
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it was made by someone who owned a good percentage of the original digits and it was made for fools(without demographic area). "you live in Congo? OK! do you have money? yes, I have. good !!!! give it to me and i will send you some "bitcoin".
you will be like "us", libertarians " ) then and "fool" has asked :
"what will I do with it?" the answer was "mmm, nothing but find others like you, "fools" and sell them your bitcoin for more money than I sold it to you" Then, by telling his story, this individual (it can be any kind from Ukraine or Russian) created demand for all of the digits. The dollar-value of his share of the bitcoins appreciates with the other digits. |
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AGAIN, 1 Milion users worldwide
which means it can grow 1000-fold. the number of fools is limited |
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A negatively spun article published about Bitcoin during a price crash...
Big surprise there.
Exactly. It should be obvious by now that the mainstream media really doesn't want bitcoin to succeed. They've been trashing it for years while they pretend it's too complicated to explain to people. Imagine instead of laughing at it initially, they told people to pick some up when they were first reporting on it, at $5/btc? you are 1 MIL altogether since 6 years ago. You have a lot of visibility in media, a lot of buzz. someone paid a lot of money for this advertising AGAIN, 1 Milion users worldwide(including China), Ok? Less than a Zeek Rewards in 2 years . |
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they are saying the truth. Bitcoin is doomed ! in 10 hours, the price will be around of 140 USD or even lower |
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Bitcoin isn't meant to replace fiat. I think you're missing that point.
Comparing bitcoin to fiat is like comparing gold to fiat.
I was more comparing it to credit cards, debit cards, and other alt payment methods like paypal. But I just cited fiat in a lot of examples because bitcoiners tend to regard fiat as the ultimate evil. When in fact it's the very thing that dictates bitcoin's buying power. Bitcoin isn't meant to replace any of those either. There are several advantages and disadvantages of any system. You can't send 10 million dollars to me for a 10 cent fee via PayPal, and I can't protect myself from not receiving goods from a scammer... why should i send you 10 MIL via an unsecured system like Bitcoin? How can I keep 10 MIL in something that can vanish overnight? I would happily pay a bank wire tax for 10 MIL than using Bitcoin. Bitcoin is good if you want to "play" some money. That's all. It's a high risk "investment" program 0 (zero) wallets have been hacked in the real sense of "hacking". If your money vanishes overnight, it's because you had it in an exchange and the exchanged was compromised or something in your computer was compromised. Bitcoin isn't meant to replace fiat. I think you're missing that point.
Comparing bitcoin to fiat is like comparing gold to fiat.
gold? bitcoin is a decentralized trust network. there's still a lot of potential use cases for the tech. seeing it like it was 'gold' doesn't even scratch the surface. That was my point. The comparison would be foolish. Back to work now. Toodles. what's the fault if someone had money in an exchanger who vanished? example: many people lost their money with MTGOX. Without this "gang" called exchangers, there will be no Bitcoin. |
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that is like dead and no FOOL will buy it.
many people already lost a alot of money. these are ordinary people and will never come back to Bitcoin.
The core of this shit, called Bitcoin are the normal(ordinary) people with 100-1000 usd to "invest". Once they are burned, they will not come back.
of course, the "smart" ones (exchangers and few others) earned A LOT.
The bubble chipped away
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have you got the funds back to your bank account ? If not, what are you waiting for? 1 BTC = 5 USD? |
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cloud mining is almost dead. maybe some chinesse to still mining |
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it will go dead for sure. |
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LakeBTC had a large amount in Egopay which is hacked. They lost a lot of money with them
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you better sell at 160 USD than at 50 USD.
you recover "something". it is not much but it's better than nothing.
Bitcoin won't recover soon(not this year)
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Under 100 definitely possible in fact i'd say its likely given no bounce at even <200
soon we will see 100 but not very soon i already said that it will be 50 USD until the of the month the price will fall more tomorrow or after tomorrow after Bitfinex and Coinbase will start selling a lot of Bitcoin. it will be fun. |
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it won't regain (at least this year) another 80,000 BTC seized will be sold next month so the market will be flooded. There are no buyers, no demand... the price will hit 10 usd very soon. miners are living the boat. the BIG exchangers are cashing out. the fools will remain with the "Bitcoin" |
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