panic kicking in, sub 200 by friday

[SirChiko]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then

[pleaseexplain]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

[ensurance982]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then

Yeah, but there's a difference between continuing to spread FUD and voicing honest concerns and reasonable doubts about the Bitcoin ecosystem/technology in general.

[ensurance982]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

[Shiver]

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Fair comment, though we have to remember that some of the larger companies coming on the the scene won't be using exchanges as their preferred trough to scoop up coins, and they won't be spending a lot of time on forums such as this one like we do in order to determine where the market is going, they'll be laying the tracks for the market directly.  That will be reflected in our minion serving exchanges price eventually though when word gets out.

That said, even the larger companies behaviour will pale into insignificance compared to a viral take off by mainstream using those services as their conduit.  The connector companies between the two isn't really in place yet though to roll out their wares to mainstream, so we need patience while the laggards catch up with the visionaries and early adopters (I'd still call todays people early adopters), which looks like at least a few years to me (next month marks my 5th year of watching this market, though it doesn't feel like that long).  

We've come a long way, but you can see in the threads that a lot of us are resigned to the fact that we're not going to be having moon parties every couple of months if it is to be a credible technology.

[EDIT: 4th year in BTC, not 5th - I can't even count on one hand it seems]

[ensurance982]

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Fair comment, though we have to remember that some of the larger companies coming on the the scene won't be using exchanges as their preferred trough to scoop up coins, and they won't be spending a lot of time on forums such as this one like we do in order to determine where the market is going, they'll be laying the tracks for the market directly.  That will be reflected in our minion serving exchanges price eventually though when word gets out.

That said, even the larger companies behaviour will pale into insignificance compared to a viral take off by mainstream using those services as their conduit.  The connector companies between the two isn't really in place yet though to roll out their wares to mainstream, so we need patience while the laggards catch up with the visionaries and early adopters (I'd still call todays people early adopters), which looks like at least a few years to me (next month marks my 5th year of watching this market, though it doesn't feel like that long). 

We've come a long way, but you can see in the threads that a lot of us are resigned to the fact that we're not going to be having moon parties every couple of months if it is to be a credible technology.

Yeah that's what I'm thinking, as well. I think you can indeed cause a panic selling of some sort, but the volume and magnitude will be insignificant. People who can be 'tricked' into selling most likely don't have that many coins. You could put up a bid-wall, though and try to cause as many people as possible into selling into that wall of yours.

[pleaseexplain]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

[ensurance982]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

I believe the technology is highly interesting and it is a one-of-a-kind asset (don't get started on altcoins, they don't matter) and it will have its place in the financial world. We need to find out which place this is still, though. It's now mostly speculation-driven.

[sana54210]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I also think any current news most likely won't push the price of Bitcoin to that point. That being said, the price will jump right back if incase that might happen as we had seen time and time again. So right now there is no need for such panic, but just hold tight to your seat with bitcoin buckled up with you  

[Shiver]

I often wonder why things like Gold aren't going through the roof given that the major currencies are of an age where they're ready to fail in classic style, but have to remind myself that the gold markets are not the gold (the menu is not the meal), and that if I were a nation state, I wouldn't be making public announcements about my hoarding habits on an open exchange.

So for bitcoin, if I were a company capable of bringing a game changer to market, I'd be quite happy to see prices stagnant or even a little lower, and I might even play with (in relative terms) petty money to keep it there, even if there are some bottom feeders (what people call whales) nibbling away at my food, until I'm good and ready to blow the doors off to my own schedule.

I'm not a trader btw, I'd suck at that so I stay away from asset burning behaviour, and just watch with curiosity from the sidelines polishing my coins and waiting.

[ensurance982]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I also think any current news most likely won't push the price of Bitcoin to that point. That being said, the price will jump right back if incase that might happen as we had seen time and time again. So right now there is no need for such panic, but just hold tight to your seat with bitcoin buckled up with you  

Nah, serious and significant trendlines will be broken then. At least we will continue the bear-market for another few months, or so. We may see another dull summer...

[pleaseexplain]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

I believe the technology is highly interesting and it is a one-of-a-kind asset (don't get started on altcoins, they don't matter) and it will have its place in the financial world. We need to find out which place this is still, though. It's now mostly speculation-driven.

I am also a believer that bitcoin has its place but in terms of its price i think it has always been highly speculated virtually since day 1. eg price on april 11 2011 was 96c. Price on june 20 2011 was $17.36. that is some rise over just 70 days

[dropt]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I always hear it from newbies but very rare i hear it from someone who has been around for as long as you, mind telling us what this serious panic is over and which relevant channels?

I won't be getting out at this point what is the point if you have invested what you can afford to lose, i go even further why get out if you have already wrote the money/coin off?

Thanks for the advice and i will come back here to congratulate you Friday if by some crazy miracle you are right, (which you won't be)  

 

The current owner of of the kwukduck account is believed to be someone other than the person who created it.

[coinpr0n]

If there are reasons for this speculations I guess the only news I heard that might be affecting it that way is the Bitcoin Foundation's mismanagement of their funds. But why would that affect the price and cause a panic? I don't know.

[gentlemand]

The current owner of of the kwukduck account is believed to be someone other than the person who created it.

There are a few very consistent doom mongers who've been around since time immemorial. I would not want to be living inside their skulls these days.

[SirChiko]

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

I think it would have very little effect, and even if it did then more likely the opposite of what you're querying.  Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes.  If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this.  It takes most people to be wrong for a few to be very successful.

Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then

Yeah, but there's a difference between continuing to spread FUD and voicing honest concerns and reasonable doubts about the Bitcoin ecosystem/technology in general.

Did you do what i did or are you just assuming cuz of this post? I checked few pages of his posts and there were no positive posts about bitcoin, only the negative ones.
Some people are even paid for doing this

[techgeek]

Prices are stable in my view.

Its back where it was before the whole mt.gox manipulation where other exchanges priced it, before the $1,000 hype. You gotta factor in the rich people who hold bitcoin, they wouldnt let drop for no reason.

If they really wanted to, they can buy in the losses to retain that price value making it feel more secure to recover all those orders.

[arbitrage001]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

May get back in at 150.

[dothebeats]

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I am torn in between: whether to believe in you (because you've stayed longer than me in this forum and in the bitcoin economy as well) or to resist the uneasiness I'm feeling every time a Hero Member or a Legendary member of this forum posts something like this. It's not that I don't trust my decisions, it's just that it keeps me thinking whether this guys are just spreading FUD or really voicing out what's really happening far beyond our sights. Well maybe I'll just believe in my own judgments rather than anyone else's. After all, you couldn't trust anybody in the internet.

[carlosiness]

we hear the same panic for about half a year, i don't matter. it was inroduced not for making a profit.