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Author Topic: Calling the bottom  (Read 3092 times)
ajareselde
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August 02, 2015, 07:38:04 AM
 #21

Since we're still at unexplored area, and market manipulation is still easily achieved via fud and pumps&dumps, it is never safe enough
to declare bottom or peak. It seams as if the resistance has built up to support these prices, but who knows what may happen. The only thing i'm
certain about is that if you are prepared to hold until the halving next year, you are 99.999% safe to earn from your investment.

cheers
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August 02, 2015, 07:47:40 AM
 #22

Which short position?  He doesn't have enough money to buy lollipop...
Well, as I've been following this section for 2-3 years now it seems and most do not have enough money to buy anything. That doesn't really matter if they make normal posts/threads.
Just look at the wall observer thread and the spam within. There are always a handful of those who are saying that it is going nowhere but down.

Since we're still at unexplored area, and market manipulation is still easily achieved via fud and pumps&dumps, it is never safe enough
to declare bottom or peak. It seams as if the resistance has built up to support these prices, but who knows what may happen. The only thing i'm
certain about is that if you are prepared to hold until the halving next year, you are 99.999% safe to earn from your investment.

cheers
You do make a point. The market cap of Bitcoin is only around $4B and it can easily be manipulated. It is also much worse when it comes to other coins such as LTC.


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August 02, 2015, 07:52:52 AM
 #23

Since we're still at unexplored area, and market manipulation is still easily achieved via fud and pumps&dumps, it is never safe enough
to declare bottom or peak. It seams as if the resistance has built up to support these prices, but who knows what may happen. The only thing i'm
certain about is that if you are prepared to hold until the halving next year, you are 99.999% safe to earn from your investment.

cheers

Don't be too certain.
Bitcoin is getting old, and seems that greed and manipulation totally fucked it. I belive in Bitcoin, this is a great idea, but the ecosystem is not developing well.
Despite of the potentials, bitcoin nowdays is still almost useless for the average joe.

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August 02, 2015, 09:28:07 AM
 #24

Damn guys, after reading all these comments, one can't but conclude that Bitcoin is in a pretty big crisis!
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August 02, 2015, 09:45:28 AM
 #25

FUD.
So these days the term old is defined as 6 years. Very interesting. People really need to stop spreading nonsense and being hypocrites here.
I'm not completely clear on your stance towards it, but I do not like it. One of the fundamental ideas of Bitcoin is the separation of money and state. Bitcoin was supposed to give back the power of the people and try to damage the established world order (that is harmful to the average man). Bitcoin has been successfully doing this ever since markets opened and adoption started.

Damn guys, after reading all these comments, one can't but conclude that Bitcoin is in a pretty big crisis!
It is not. Ignore FUD. Bitcoin has received more attention in 2015 than ever (growing number of merchants, record breaking VC investments, etc.).
People are really greedy here and obsessed with the price to a degree that can't be healthy. Back in the summer of 2013 the price dropped to around $60. Was Bitcoin in a crisis then? No.
Is Bitcoin in a crisis now? No.


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August 02, 2015, 11:15:58 AM
 #26


Quote

t the ecosystem is not developing well.

Are you serious? Sidechains, Lightning network, Openbazaar, Coinffereine, ETN/ETF...

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August 02, 2015, 11:17:26 AM
 #27


Quote

t the ecosystem is not developing well.

Are you serious? Sidechains, Lightning network, Openbazaar, Coinffereine, ETN/ETF...

Don't feed the troll.

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August 02, 2015, 12:18:23 PM
 #28

I don't like these type of assumptions without any definite proof. Show me some technical analysis or pure evidence before making bold statements about the bottom.

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August 02, 2015, 01:46:49 PM
 #29

FUD.
So these days the term old is defined as 6 years. Very interesting.

Sure, for a house, 6 years is not old.  For a cellphone, a computer, or website design?  Yeah, plenty old.  Welcome to the fast-paced world of cryptocurrencies Smiley

Quote
...  I'm not completely clear on your stance towards it, but I do not like it.

Seems to be the de facto for Bitcoin diehards: "I don't get it, so I don't like it."  Nothing new.

Quote
One of the fundamental ideas of Bitcoin is the separation of money and state. Bitcoin was supposed to give back the power of the people and try to damage the established world order (that is harmful to the average man). Bitcoin has been successfully doing this ever since markets opened and adoption started.

If by "average man" you mean "a handful of early adopters"...



...we're on the same page.    Nothing remotely democratic about Bitcoin wealth distribution.  Same game, new players.

Yes, Bitcoin's distribution doesn't differ much from fiat distribution. But that is because it's impossible to make a good distribution across people unless you are a communist and don't allow people to stack money even if they deserve it by being pioneers and taking higher risk. So get to work and get BTC while you can still be a pioneer, so in 10 years you don't have to complain about it.

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August 02, 2015, 01:51:54 PM
 #30

Yup we might drop some more, but we will not fall below $270 if this bull trend is to continue. Expecting to see numbers over $300 next week.

I'm looking at the same window as well. Probably gonna hit back up to $300 pump before the end of the week or early next week.

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August 02, 2015, 02:37:09 PM
 #31

FUD.
So these days the term old is defined as 6 years. Very interesting.

Sure, for a house, 6 years is not old.  For a cellphone, a computer, or website design?  Yeah, plenty old.  Welcome to the fast-paced world of cryptocurrencies Smiley

Quote
...  I'm not completely clear on your stance towards it, but I do not like it.

Seems to be the de facto for Bitcoin diehards: "I don't get it, so I don't like it."  Nothing new.

Quote
One of the fundamental ideas of Bitcoin is the separation of money and state. Bitcoin was supposed to give back the power of the people and try to damage the established world order (that is harmful to the average man). Bitcoin has been successfully doing this ever since markets opened and adoption started.

If by "average man" you mean "a handful of early adopters"...



...we're on the same page.    Nothing remotely democratic about Bitcoin wealth distribution.  Same game, new players.

Yes, Bitcoin's distribution doesn't differ much from fiat distribution.

My point exactly, any claim that bitcoin upsets the economic disparity, and is somehow "for the average man," is bullshit.

Quote
But that is because it's impossible to make a good distribution across people unless you are a communist

A COMMUNIST?!  Bite your tongue, young man!

Quote
and don't allow people to stack money even if they deserve it by being pioneers and taking higher risk. So get to work and get BTC while you can still be a pioneer, so in 10 years you don't have to complain about it.

Not complaining, simply not interested in swapping one shitty system for another, shittier one.  I got into Bitcoin out of pure curiosity, the same way I got into folding@home.  A few years ago I came to terms with what Bitcoin became -- a dirtier, faster (as in "evolving in compressed time"), shakier near-parody of the fiat economy.  Reinventing every scam that happened in the fiat world, falling into all the same traps, rewarding the shittiest, most predatory players, etc., etc.

So I'm mostly out.  Unlike folding@home, I made money with BTC.  Purely by chance, mind you: when the price began rocketing up past 100 I was selling tranche after tranche, not believing my luck.  So no complaints/no regrets.

As far as "get[ting] to work" goes, I suggest you stop wasting money on get-rich-quick schemes, and get to work yourself.  The working trick always works Smiley

The distribution of bitcoin holdings is freely available information.

I suggest not listening to the biggest troll on the forum. Someone relegated to spamming here daily with numerous new accounts as his primary and all alts are banned for various offences including child pornography related matters. Caution advised!
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August 03, 2015, 02:11:53 PM
 #32

Seems that I was right on point  Smiley
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August 03, 2015, 02:46:18 PM
 #33

Seems that I was right on point  Smiley
well yeah it would be strange if it would go under 270, also i believe it will rise much more in the next two weeks as the price is pretty stable for a while already
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August 03, 2015, 04:27:59 PM
 #34

Seems that I was right on point  Smiley

Can't lose them all Undecided
There will be no bottom in 2015. BTC is falling and falling and falling. -snip-

You as a new account should know about trolling, right?
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August 03, 2015, 08:03:14 PM
 #35


Quote

t the ecosystem is not developing well.

Are you serious? Sidechains, Lightning network, Opebbazaar, Coinffereine, ETN/ETF...

Are these technologies being used, or are they only empty shells? I'm not saying that bitcoin/blockchain are not an amazing technology, but as today I still have very little practical uses for my coins, despite of the potentials.  

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August 04, 2015, 03:50:46 AM
 #36


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t the ecosystem is not developing well.

Are you serious? Sidechains, Lightning network, Opebbazaar, Coinffereine, ETN/ETF...

Are these technologies being used, or are they only empty shells? I'm not saying that bitcoin/blockchain are not an amazing technology, but as today I still have very little practical uses for my coins, despite of the potentials.  

"developing "

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Morecoin Freeman
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August 08, 2015, 09:54:11 PM
 #37

I'm calling the bottom at 260's. Enjoy.
>>> legendary trader

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randy8777
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August 08, 2015, 09:57:29 PM
 #38

not that hard to say that $260 has a good chance of being the bottom. no reason to go below that level as there isn't anything that happened.
Morecoin Freeman
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August 08, 2015, 10:03:59 PM
 #39

not that hard to say that $260 has a good chance of being the bottom.

Respect my authoritah, Randy.

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rjclarke2000
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August 08, 2015, 10:27:38 PM
 #40

Bottom is reached. Can go down to 270, but nothing below. Will go up next week again. Mark my words.

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