Every pattern has been broken. All fates have changed.

[AceWallen]

imo, supports/resistances are inevitably tested and sometimes fail. trend lines are always destined to fail. the big picture changed almost a year ago i think, and hopefully, im thinking this will actually turn around in the next few months.

[illyiller]

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

[Pecunia non olet]

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

Stop complaining and go short on margin ffs. It's not like one could only make money in a bullmarket.

[illyiller]

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

Stop complaining and go short on margin ffs. It's not like one could only make money in a bullmarket.

I'm not trying to pay swaps in this flat action. Totally sideways. Yeah, trending down, obviously, but I'm waiting to see some movement before jumping on the short train.

[bornil267645]

I am not really into patterns but I do believe that Bitcoin is trying make it's own pattern now. So that people can see bitcoin as a safe mode of currency and not a volatile thermometer.

[jehst]

I am not really into patterns but I do believe that Bitcoin is trying make it's own pattern now. So that people can see bitcoin as a safe mode of currency and not a volatile thermometer.

If bitcoin is one day used by 100 million people, and it's used by 1 million people now, then you must give up all hope of safety or stability in price. Nothing can be stable while the fundamentals shift by orders of magnitude. The panics will continue. Not even gold, with its enormous market cap, has escaped massive volatility (measured in baskets of commodities) over the past several hundred years.

[HarmonLi]

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.

I don't see things that way. There are other coins I prefer, such as Dash, but there are so many other cutting edge crypto technologies emerging I don't pretend to be able to keep up with them. Bitcoin is still the largest network by far, and looks like it's heading towards a more establishment future with ownership ledgers based on the blockchain and other technology start-ups aiming to dismantle visa and mastercard's duopoly. This is not the anonymous digital cash which people originally thought it was, so if you want to get off the grid, pick your alt, that rabbit's out of the hat and won't be going back in. That was never that large a market anyway, so speculating on bitcoin from the  perspective is over, yes.

The mainstream financial system, however, is not long for this world in my opinion, and bitcoin is entirely ahead of anything else to replace it. This also addresses some of the centralised mining issues and 51% attacks which bitcoin isn't optimised for, because that's not a problem for the financial services sector, you already have a tradition of many large data centres distributed globally across different corporations and nations.

You're missing a leg.

[ajareselde]

I am not really into patterns but I do believe that Bitcoin is trying make it's own pattern now. So that people can see bitcoin as a safe mode of currency and not a volatile thermometer.

If bitcoin is one day used by 100 million people, and it's used by 1 million people now, then you must give up all hope of safety or stability in price. Nothing can be stable while the fundamentals shift by orders of magnitude. The panics will continue. Not even gold, with its enormous market cap, has escaped massive volatility (measured in baskets of commodities) over the past several hundred years.

I agree, user count is constantly shifting variable, and hence the price may never settle for a long period. And to hope one day bitcoin will have 100x more users is a long shot, since
many of current ones are loosing interest themselves.

cheers

[jehst]

And to hope one day bitcoin will have 100x more users is a long shot, since
many of current ones are loosing interest themselves.

cheers

100 million is not a lot of users for a global internet currency. If bitcoin is dying, then there won't be price stability in that case either. A drop from $220 to $110 is extreme volatility.

[fat buddah]

Bitcoin baholders scream "noooo, you troll" while the more sensible rest of us knows this since January.

[Amph]

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

Stop complaining and go short on margin ffs. It's not like one could only make money in a bullmarket.

it seems the opposite with the current trend, it's like if you are not a shorters you can't be victorious, and bullish market look dead by all angles

[Fakhoury]

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

Stop complaining and go short on margin ffs. It's not like one could only make money in a bullmarket.

it seems the opposite with the current trend, it's like if you are not a shorters you can't be victorious, and bullish market look dead by all angles

How it's dead brother ?

What about the all downward preesure we are facing ?

Bears feeling that their time is now.

[Amph]

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

Stop complaining and go short on margin ffs. It's not like one could only make money in a bullmarket.

it seems the opposite with the current trend, it's like if you are not a shorters you can't be victorious, and bullish market look dead by all angles

How it's dead brother ?

What about the all downward preesure we are facing ?

Bears feeling that their time is now.

there is no enough bulls for every bear, just that

you usually need one bad news to sustain the bear market and ten good news to sustain the bull market, it is easier for the former

[jehst]

there is no enough bulls for every bear, just that

you usually need one bad news to sustain the bear market and ten good news to sustain the bull market, it is easier for the former

We had a lot of good news, but most good news didn't get that much media attention. Scandals are how news agencies get poor people to buy newspapers so a large scandal might get more attention than 1,000 good articles (the SR case was a trending topic on twitter several times). A few good articles are just enough to keep the price stable, but it takes a major story to break the trend.

If Dell/Microsoft accepting bitcoin, Bitlicense passing, Citi, Goldman Sachs, NYSE, JPMorgan guys joining bitcoin startups, bitcoin companies raising 100+ million dollars are not major stories, then there aren't going to be any major stories. News doesn't matter unless the technicals are ripe.

[Fakhoury]

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

Stop complaining and go short on margin ffs. It's not like one could only make money in a bullmarket.

it seems the opposite with the current trend, it's like if you are not a shorters you can't be victorious, and bullish market look dead by all angles

How it's dead brother ?

What about the all downward preesure we are facing ?

Bears feeling that their time is now.

there is no enough bulls for every bear, just that

you usually need one bad news to sustain the bear market and ten good news to sustain the bull market, it is easier for the former

there is no enough bulls for every bear, just that

you usually need one bad news to sustain the bear market and ten good news to sustain the bull market, it is easier for the former

We had a lot of good news, but most good news didn't get that much media attention. Scandals are how news agencies get poor people to buy newspapers so a large scandal might get more attention than 1,000 good articles (the SR case was a trending topic on twitter several times). A few good articles are just enough to keep the price stable, but it takes a major story to break the trend.

If Dell/Microsoft accepting bitcoin, Bitlicense passing, Citi, Goldman Sachs, NYSE, JPMorgan guys joining bitcoin startups, bitcoin companies raising 100+ million dollars are not major stories, then there aren't going to be any major stories. News doesn't matter unless the technicals are ripe.

This Amph, why the heck we are not acting to any good news, only bad ones ?

[Amph]

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

Stop complaining and go short on margin ffs. It's not like one could only make money in a bullmarket.

it seems the opposite with the current trend, it's like if you are not a shorters you can't be victorious, and bullish market look dead by all angles

How it's dead brother ?

What about the all downward preesure we are facing ?

Bears feeling that their time is now.

there is no enough bulls for every bear, just that

you usually need one bad news to sustain the bear market and ten good news to sustain the bull market, it is easier for the former

there is no enough bulls for every bear, just that

you usually need one bad news to sustain the bear market and ten good news to sustain the bull market, it is easier for the former

We had a lot of good news, but most good news didn't get that much media attention. Scandals are how news agencies get poor people to buy newspapers so a large scandal might get more attention than 1,000 good articles (the SR case was a trending topic on twitter several times). A few good articles are just enough to keep the price stable, but it takes a major story to break the trend.

If Dell/Microsoft accepting bitcoin, Bitlicense passing, Citi, Goldman Sachs, NYSE, JPMorgan guys joining bitcoin startups, bitcoin companies raising 100+ million dollars are not major stories, then there aren't going to be any major stories. News doesn't matter unless the technicals are ripe.

This Amph, why the heck we are not acting to any good news, only bad ones ?

because it is in the human nature, i guess, it's always easy to dump, to destroy, than pumping or building, it's one of those  thing that will not change ever

but i still think that all the recent good news are doing something that will have a delayed impact on the market, we must wait and see