Why the upcoming crash will be huge.

[kwukduck]

Considering all things..
Market being taken over by superior altcoins.
Governments banning and regulating bitcoin.
Hack and scam after hack and scam.

Demand has never been so low. On bitstamp a 6k dump brings us instantly to $0! You read that right, the entire order book is 6k btc deep! (sure bring up bitfinex because bitstamp isn't big enoug, fine, you'll get 10k depth..)
From a few simple calculations we did yesterday there are around 200k stolen coins from the past year that have we haven't been able to confirm dumped on the market. That is a potential 200k dump incoming any moment! If one party starts dumping (if there are more, we suspect there is one big party behind most of the big hacks), others will immediately follow in order to not lose their profit, causing even more panic from other regular parties. Miners will call quits at double or single digits, the network stagnates, people panic, value remains $0.

This my friends is the near future of btc.
Get out of the ponzi while you can!

[criptix]

We gonna see sub 0 $ coins!

You have been warned

[Torque]

We gonna see sub 0 $ coins!

You have been warned

I'm buying tens of thousands when the price hits -$10, w00t!!!!

[RyNinDaCleM]

While I think your doom posts are a bit more thought out than most, those depth numbers a plain wrong.

Bitstamp
6k dump would only see $195


BFX
10k dump would only hit $227

We gonna see sub 0 $ coins!

You have been warned

I'm buying tens of thousands when the price hits -$10, w00t!!!!

I'll take them ALL at -$1. That's $21M in the pocket and ALL the BTC

[damiano]

There has been talk of this epic dump for months.

[Bit_Happy]

Considering all things..
Market being taken over by superior altcoins.
Governments banning and regulating bitcoin.
Hack and scam after hack and scam.

Demand has never been so low. On bitstamp a 6k dump brings us instantly to $0! You read that right, the entire order book is 6k btc deep! (sure bring up bitfinex because bitstamp isn't big enoug, fine, you'll get 10k depth..)
From a few simple calculations we did yesterday there are around 200k stolen coins from the past year that have we haven't been able to confirm dumped on the market. That is a potential 200k dump incoming any moment! If one party starts dumping (if there are more, we suspect there is one big party behind most of the big hacks), others will immediately follow in order to not lose their profit, causing even more panic from other regular parties. Miners will call quits at double or single digits, the network stagnates, people panic, value remains $0.

This my friends is the near future of btc.
Get out of the ponzi while you can!

Doom and gloom is the reason why investors are pouring "countless millions" into Bitcoin related companies, or....
...perhaps Bitcoin is strong and there is a Huge Rally coming?

[mrhelpful]

Op, has the right sense of where its going or headed.

I feel the same way with all the alt coins pump and dump, but theres way too many of these now. We have like 100`s of alt coins, and also again with the non stop scam etc which makes btc less trustable.

My friend who I introduced bitcoin got scammed not long ago, luckily it was too much. But, he told me after grabbing lunch with him, because of that experience he prob just watch bitcoin and explained no point on buying the damn thing.

I almost had an argument with the guy, but I can see why.

[tokeweed]

Op, has the right sense of where its going or headed.

I feel the same way with all the alt coins pump and dump, but theres way too many of these now. We have like 100`s of alt coins, and also again with the non stop scam etc which makes btc less trustable.

My friend who I introduced bitcoin got scammed not long ago, luckily it was too much. But, he told me after grabbing lunch with him, because of that experience he prob just watch bitcoin and explained no point on buying the damn thing.

I almost had an argument with the guy, but I can see why.

Try to put yourself in his shoes...  He doesn't really need bitcoin, unless he wants to buy some and hold it for a while, hoping it will go to the moon. 

[PeterB]

What are the "superior" alt coins?

Would have been absolutely laughable for the following article to run on WSJ 1 year ago:

Interest in Bitcoin Grows on Wall Street

Mainstream is finally waking up.

[tokeweed]

What are the "superior" alt coins?

Would have been absolutely laughable for the following article to run on WSJ 1 year ago:

Interest in Bitcoin Grows on Wall Street

Mainstream is finally waking up.

You really believe what they write in the WSJ?  That shit is like entertainment for finance guys.  Most of what they print are laughable and the authors are nothing but talking heads.  And ordinary people like us suck on it like it's the info to have to help us achieve financial indpendence.  LOL

And that's a blog btw...  The writer/s prolly bought some at these levels and are hyping bitcoin, then dump them for easy profit. You know the usual...

[waterpile]

What are the "superior" alt coins?

Would have been absolutely laughable for the following article to run on WSJ 1 year ago:

Interest in Bitcoin Grows on Wall Street

Mainstream is finally waking up.

I think the superior altcoins he is referring are XPY and LTC

Dashcoin? It still relies on bitcoin for a price

[tokeweed]

What are the "superior" alt coins?

Would have been absolutely laughable for the following article to run on WSJ 1 year ago:

Interest in Bitcoin Grows on Wall Street

Mainstream is finally waking up.

I think the superior altcoins he is referring are XPY and LTC

Dashcoin? It still relies on bitcoin for a price

By superior, I think he meant tech superiority.  Although there  really are some out there, it is debatable.

[rjp55]

This post made me realize how completely bored I have become with this forum.

[Amph]

i would welcome any big dump, since it would provide a huge chance to buy tons of bitcoin(especially for newbies)

any dump that will bring bitcoin in double digit will see a pump that it will return it to triple digit in no time

[podyx]

Another one who's been around since 2010 but still never managed to get rich? smh...

[billyjoeallen]

I wonder what would happen if someone put in a $10 million dollar market buy order.  There's about four hundred billionaires in the world who could do that without even noticing the effect on their bottom lines, so it seems more probable than your scenario.  And that doesn't even count the hedge fund managers (hundreds) who could do it with other people's money.

[indiemax]

I wonder what would happen if someone put in a $10 million dollar market buy order.  There's about four hundred billionaires in the world who could do that without even noticing the effect on their bottom lines, so it seems more probable than your scenario.  And that doesn't even count the hedge fund managers (hundreds) who could do it with other people's money.

They could make a massive difference but wishful thinking right now

what evidence is there that they are slightly interested with any buy orders

[kwukduck]

I wonder what would happen if someone put in a $10 million dollar market buy order.  There's about four hundred billionaires in the world who could do that without even noticing the effect on their bottom lines, so it seems more probable than your scenario.  And that doesn't even count the hedge fund managers (hundreds) who could do it with other people's money.

It doesn't take much to cause the price to go up, that's true, the concept remains great and its highly undervalued for that specially on a global economic scale. Problem is people don't care for that, they care for beer and football. Oh yea and many dollars to get that latest big 4d vision TV.
The people are the biggest obstacle to bitcoins success on several levels.


Not much seems to be going on to spread the idea of bitcoin by current bitcoiners either. Possibly because it sounds like a ponzi to most people when you tell them about it.

[MF Doom]

I wonder what would happen if someone put in a $10 million dollar market buy order.  There's about four hundred billionaires in the world who could do that without even noticing the effect on their bottom lines, so it seems more probable than your scenario.  And that doesn't even count the hedge fund managers (hundreds) who could do it with other people's money.

It doesn't take much to cause the price to go up, that's true, the concept remains great and its highly undervalued for that specially on a global economic scale. Problem is people don't care for that, they care for beer and football. Oh yea and many dollars to get that latest big 4d vision TV.
The people are the biggest obstacle to bitcoins success on several levels.


Not much seems to be going on to spread the idea of bitcoin by current bitcoiners either. Possibly because it sounds like a ponzi to most people when you tell them about it.

yeah the problem is that the world is full of people who seemingly love to carry debt.  whether its credit cards, car payments, etc, they dont "own" their posessions.  With btc you have to buy it up front, then use it for expenses.  People dont like that, they want everything and they want it before they can actually pay for it.  This is why there is no demand for btc.

[afbitcoins]

I wonder what would happen if someone put in a $10 million dollar market buy order.  There's about four hundred billionaires in the world who could do that without even noticing the effect on their bottom lines, so it seems more probable than your scenario.  And that doesn't even count the hedge fund managers (hundreds) who could do it with other people's money.

It doesn't take much to cause the price to go up, that's true, the concept remains great and its highly undervalued for that specially on a global economic scale. Problem is people don't care for that, they care for beer and football. Oh yea and many dollars to get that latest big 4d vision TV.
The people are the biggest obstacle to bitcoins success on several levels.


Not much seems to be going on to spread the idea of bitcoin by current bitcoiners either. Possibly because it sounds like a ponzi to most people when you tell them about it.

The people will miss out and stampede onboard last when all the greatest gains are already made. This is always the way of things