Interesting, OP.

So he got OTC then.

We can conclude it was the weak hands who drove the price down.

Now, who will drive it up? There are good news around, but this market is weak.

Fact is that most people want to have their money controlled by banks and governments. They buy bitcoin only for a quick profit. If the profit dont come in just some days, they sell at the first bad news they find. They dont want to hold for years, or to spend their btc to buy stuff. In other words, they dont want to wait.

I miss TEH DUCK. It was more fun at that time.

I'm not, but we have to be prepared for the worst.

And worst case scenario, is bitcoin falling to three digits.

Im sure that most people here dont want that, but fear seems to be driving most users these days.

If everybody starts selling, the fear will be confirmed.

Do we want ours fears to succeed?

Fear is the mindkiller. Just let it pass.

Price is recovering. Lets hope it stays above 10k now.

True, but both at that time and now, the bear market was started by Mt.Gox.

And we had already three months of bear market, since middle December when the building started to crumble.

We should be already above 12k, but we aren't. Correction, as a technical term, is already over. Now is just plain manipulation or massive panic selling (it can also be both).

The bull trend can last until May. I say that because last year the price started to go up for real in May, having only the fork crash in June and July, and that other in September due to the China FUD.

If the price do not recover by May, it will be uncharted territory.

The impression I get everytime I visit this forum, is of overall panic. There are multiple threads of panic, full of fear and doubt about bitcoin future (despite all the development). Those topic starters screaming for people not to sell are the ones who are itching to sell, and they want confirmation that others are not going to sell like they want. At the same time, we have only 4k unconfirmed transactions at this moment.

I hope when it recovers we have a full functional sidechain.

The price is going to $800. I'm already at a loss so I'm not going to sell it.

I think it might recover because of the technology behind it, but it will take at least two years.

This was all provoked by so-called "legitimacy". Regulations will just boost the bear trend even more.

You can hold or sell and buy back later. Its your call. Remember that the bullish trend is not over yet, and a bounce can happen at any minute.

Bear markets are long. I thought it was possible to have a small bear market, as we have a bull trend still alive, but it seems I was wrong. Bear markets are always long, a true crypto winter.

This bear market can go as long as 18 months, and the price can plunge as low as $800. We cant even touch our bitcoins now, cant buy anything with it. Bitcoin will fail hard as a currency as long as this bear market continues, no matter how the technology develops, no matter how many sidechains. And people will not buy it, afraid that it will drop even more.

So, we have to go long, and expect to sell our coins only by 2020. You'll have to reduce exposure, in case you need the money until there. But if you dont, just hold it, because there's no reason to sell at a loss.

Se o KYC nas exchanges já gera um transtorno imenso, imaginem quando entrarem governos no meio deste procedimento:

https://www.criptomoedasfacil.com/japao-defendera-o-uso-do-bitcoin-nas-reunioes-do-g20-na-argentina/

É capaz de nos obrigarem a comprar um leitor de impressão digital para ser usado toda vez que formos comprar e vender numa exchange.

This is just stupid, OP.

I didnt even feel this geomagnetic storm. It didnt affect any electronics here... why the fuck would this affect stock markets?

This is FUD specially cooked for newbies.

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1

To mine 0.1319, using 1293w, you have a cost of $1359.20 per year.

Bitcoin is already below mining costs.

Now, some people will talk about difficulty adjustment, but there are those checkpoints which works as protection against a 51% attack. Core released 0.16 recently, so miners cant adjust the difficulty to below this threshold.

To go to zero, would mean that most of the miners would have to abandon the boat, and with less miners the network would be clogged, unless we also have less users, which will also probably happen. But who would mine it at a loss? Bitcoin would probably be dead before reaching zero.

The bullish trend is still there, but is being supressed by the Mt.Gox trustee.

This is a artificial bear market, designed by Wall Street to crash bitcoin and made the general public lost confidence over it.

The artificial pump started after CME was announced and the dump started after CME was launched.

The bitcoins being dumped are coming from Mt.Gox. Instead of compensating the users with their bitcoins, the japanese court choose to compensate in fiat, using the 2014 price.

This means that the major portion of BTC at Mt.Gox will not be distributed, which means a lot of fuel for Wall Street to just destroy the market, as the coins will fall over the hands of the governments.

Anyone who dont understand what is happening, and think this is all panic selling, is plain stupid.

Panic sellers are probably a minority and most of them are those who joined in December, when the parabolic growth was at a peak.

I guess 90% of all the sales right now are from Mt.Gox dumping their coins. All in concert with futures markets.

Eventually these coins will be depleted, and the market will resume its bull trend. This can take months and even the entire year, but it will happen eventually. Killing the trustee will not end it, as they can put another in his place.

So, there's no reason to sell, unless you are a fool who put all of your money into bitcoin.

Do we need to check?

Its assumed by default.

E tem gente que diz que isso é uma boa notícia, que confere "legitimidade" ao bitcoin.

Taí a legitimidade... 99% dos investimentos em ações na Bovespa são de pessoas jurídicas.

He is just following orders from Keyser Söze.

No. Im not buying it anymore. I will only sell, but since my target is far away, I will not sell now.

Its a single person dumping all the coins and pushing the market down.

Why delude yourself with TA?

We are going to 6k fast.

This is not a re-test. 10k was already re-tested multiple times and we should be above it already.

This talk about TA is useless now. We are going to 6k because the market is in full manipulation mode.

Kobayashi didnt dump all Mt.Gox coins. This situation will last for months, if not the entire year.

You can draw as many lines as you like, but manipulation is manipulation. And theres nothing we can do about it.

If you want me to sell, jump the price to $100k. Then I will sell 10%.

Bitcoin is not a simple stock. And is not a fiat currency from a specific country, like in FOREX markets.

Bitcoin is a disruptive commodity which can change the entire financial system.

If you understand the implications of it, you will see that the price is cheap right now. And you know it is cheap because the guys from the old financial system are trying to manipulate it, be through Wall Street or the Mt.Gox trustee. They dont want bitcoin to succeed, so they want the price down. If you sell, you will be capitulating to their designs.

I dont care. I dont give a fuck.

Ainda bem que nunca usei este botão de repetir. O site da foxbit é muito bugado, e de uns tempos pra cá sempre caía em questão de minutos e você tinha que fazer login de novo.

Thats why traditional TA dont apply to bitcoin.

You cant treat it as a standard stock. They belong to different worlds.