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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508043 times)
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November 04, 2014, 10:42:50 AM
 #2141

Dont forget

http://oneyearbitcoin.info/
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November 04, 2014, 01:17:58 PM
 #2142

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.



Pissedoff:   I agree with some of your assessment, but NOT all of it.

Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board.

Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level.   Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue.

Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum.


What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions.

Bitcoin is very different from Gold for example, the cost and difficulty to mine gold is pretty static. If the cost to pull an ounce of gold out of the ground is $300,
when gold hits $299 they stop mining gold, when they start back up the cost is still $300

With bitcoin, when the price of mining a bitcoin drops below what it cost in electricity and equipment to mine one, people will mostly stop,
When they start up again the cost to mine a bitcoin will be higher than when they stopped.

The overarching problem is that bitcoin users are not savvy investors, they panic sell and hardly ever buy low.
Therefore the overwhelming majority will watch BTC go down to $50 and walk away and never look back, on to the next new thing.

Then companies like Bitpay and Coinbase will be stuck with hundreds of thousands of near worthless BTC.
There is no fed to sell your BTC back to, so many will be left holding the bag.

If Paypal does not announce that they will utilize BTC in their model before the Christmas holidays, then we will see $80 BTC by the summer. Then everyone will sit on them, never to return.

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November 04, 2014, 02:00:05 PM
 #2143

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.



Pissedoff:   I agree with some of your assessment, but NOT all of it.

Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board.

Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level.   Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue.

Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum.


What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions.

Bitcoin is very different from Gold for example, the cost and difficulty to mine gold is pretty static. If the cost to pull an ounce of gold out of the ground is $300,
when gold hits $299 they stop mining gold, when they start back up the cost is still $300

With bitcoin, when the price of mining a bitcoin drops below what it cost in electricity and equipment to mine one, people will mostly stop,
When they start up again the cost to mine a bitcoin will be higher than when they stopped.

The overarching problem is that bitcoin users are not savvy investors, they panic sell and hardly ever buy low.
Therefore the overwhelming majority will watch BTC go down to $50 and walk away and never look back, on to the next new thing.

Then companies like Bitpay and Coinbase will be stuck with hundreds of thousands of near worthless BTC.
There is no fed to sell your BTC back to, so many will be left holding the bag.

If Paypal does not announce that they will utilize BTC in their model before the Christmas holidays, then we will see $80 BTC by the summer. Then everyone will sit on them, never to return.

GET A CLUE
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November 04, 2014, 03:34:22 PM
 #2144

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.



Pissedoff:   I agree with some of your assessment, but NOT all of it.

Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board.

Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level.   Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue.

Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum.


What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions.

Bitcoin is very different from Gold for example, the cost and difficulty to mine gold is pretty static. If the cost to pull an ounce of gold out of the ground is $300,
when gold hits $299 they stop mining gold, when they start back up the cost is still $300

With bitcoin, when the price of mining a bitcoin drops below what it cost in electricity and equipment to mine one, people will mostly stop,
When they start up again the cost to mine a bitcoin will be higher than when they stopped.

The overarching problem is that bitcoin users are not savvy investors, they panic sell and hardly ever buy low.
Therefore the overwhelming majority will watch BTC go down to $50 and walk away and never look back, on to the next new thing.

Then companies like Bitpay and Coinbase will be stuck with hundreds of thousands of near worthless BTC.
There is no fed to sell your BTC back to, so many will be left holding the bag.

If Paypal does not announce that they will utilize BTC in their model before the Christmas holidays, then we will see $80 BTC by the summer. Then everyone will sit on them, never to return.

GET A CLUE

Another Newbie heard from.

Soon you will be able to post on other boards.
Where you can spread your valuable one liners with everyone.

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November 04, 2014, 03:51:24 PM
 #2145

How an economy works.

If you create a currency (print money, mine bitcoin, etc)
and you don't spend any of it, then the currency will lose value until it is worthless.

If you haven't spent any of the Bitcoin that you have mined then you are contributing to its reduction in value.

If I were asked to provide an answer to the question of "What is Economics?" on a test, I'd probably write the following explanation:
"Economics is the study of how individuals and groups make decisions with limited resources as to best satisfy their wants, needs, and desires"

So my question is what are you doing with your BTC to satisfy your wants needs and desires.

If your answer is "I am sitting on it and not spending any of it"

If the majority of people are doing the same then the result is that the Bitcoin economy will wither and die.

If you say "I will let others do that and just wait for the value to go back up"

Then I am here to tell you you are going to be waiting a long time.


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November 04, 2014, 04:39:42 PM
 #2146

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



The price is higher than a year ago

People spending their BTC? YES

More people are involved in Bitcoin than a year ago and way more people have heard of it; the price couldn't sustain 700$+ this year but things change and when the western economical environnement will become very toxic very clearly again the price will rise to new highs, been there done that!

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November 04, 2014, 05:27:20 PM
 #2147

If I were asked to provide an answer to the question of "What is Economics?" on a test, I'd probably write the following explanation:
"Economics is the study of how individuals and groups make decisions with limited resources as to best satisfy their wants, needs, and desires"

Kudos for not trying to claim that wants are unlimited like my economics textbooks.
Reason: Wants also follow the law of diminishing returns.

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November 04, 2014, 07:06:30 PM
 #2148


Pissedoff:   I agree with some of your assessment, but NOT all of it.

Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board.

Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level.   Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue.

Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum.

What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions.

Your various analyses seem to be a bit back-asswards to me - as if you are grasping at straws attempting to find various explanations for the price, while at the same time ignoring various obvious and more important facts.

Yes, surely people engage in dollar cost averaging, and maybe even such dollar cost averaging may emphasize buying on the way down and selling on the way up.  In this regard, a lot of the dollar cost average selling would have already taken place a long time ago.  Accordingly, that dollar cost average selling theory does NOT pan out in the real world.










Bitcoin is very different from Gold for example, the cost and difficulty to mine gold is pretty static. If the cost to pull an ounce of gold out of the ground is $300,
when gold hits $299 they stop mining gold, when they start back up the cost is still $300

With bitcoin, when the price of mining a bitcoin drops below what it cost in electricity and equipment to mine one, people will mostly stop,
When they start up again the cost to mine a bitcoin will be higher than when they stopped.



mining is NOT very directly correlated to price.  Surely, there is some correlation; however, there is going to be the same number of bitcoin's produced whether the cost per bitcoin is $1 per BTC or $1,000 per BTC.  The price of bitcoins may cause an incentive for miners to decide whether to hold or to sell in anticipation, also, of what they expect to be the future price.  At the same time, some of these miners may be in positions in which they have to sell, yet miners tend to be amongst the most bullish in their long term predictions of bitcions, so at these current prices, they have inclinations to hold while planning to sell later.  So if miners are selling, they are likely NOT selling large stacks of their holdings.



The overarching problem is that bitcoin users are not savvy investors, they panic sell and hardly ever buy low.
Therefore the overwhelming majority will watch BTC go down to $50 and walk away and never look back, on to the next new thing.


Maybe bitcoin users are NOT sophisticated, but they are learning about bitcoin as we go, and some of them are wanting to increase their BTC holdings to sell and to buy back.   I would NOT necessarily attempt to lump bitcoin holders as being any kind of special creature because a larger culprit in the market is the fact that the BTC market cap is small and it can be manipulated by fairly small players who are willing to put their money on exchanges.  In that regard, it is much easier and faster and cheaper to move BTC onto exchanges than it is to move fiat onto such exchanges.  Good luck, if you believe BTC prices are going into the double digits any time soon.  I would be quite surprised if BTC prices go lower than the $250 to $275 range.....

Never say never in Bitcoinlandia, but seems pretty unlikely that BTC prices will fall that low, absent some fairly catastrophic news - b/c a lot of aspects of the BTC fundamentals remain strong, including adoption and liquidation venues.


Then companies like Bitpay and Coinbase will be stuck with hundreds of thousands of near worthless BTC.
There is no fed to sell your BTC back to, so many will be left holding the bag.
I am sure that those business are sufficiently protected for BTC price fluctuations, and they are continuing to expand and to take some of their profits in dollars.  Coinbase, for example, has recently expanded into about a dozen European countries.  Surely, I do NOT know their financial details, but I would anticipate that they have a decent business model and they seem to be fairly profitable and fairly widely accepted player in the bitcoin services space.



If Paypal does not announce that they will utilize BTC in their model before the Christmas holidays, then we will see $80 BTC by the summer. Then everyone will sit on them, never to return.


Bitcoin prices is also NOT dependent on any one factor or any one player.  Yes, it would be good for bitcoin to obtain further exposure through Paypal, but any NON-occurrence of that one factor is NOT going to be detrimental to bitcoin prices.... there may be other factors or a combination of factors that cause negative pressures on bitcoin prices, though... including the fact that some big players continue to be o.k. with accepting low manipulated btc prices and are continuing to accumulate bitcoins behind the scenes.


So, more likely at some point in the next 1-12 months, we are going to experience incredible upward manipulation and momentum of BTC prices and with this upward price movement, many fiat holders on the sidelines will jump in to attempt to experience profits in the BTC space.





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November 04, 2014, 07:08:10 PM
 #2149

If bitcoin will go to wall street, we will be the new wealthy elite sir ! Bitcoin price will go at 100.000$ and every people which has a minimum quantity of bitcoin will be very very glad !
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November 04, 2014, 08:05:12 PM
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"What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions."



For every seller there is a buyer, you might as well say that everyone is buying.

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November 04, 2014, 08:14:37 PM
 #2151










"What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions."



For every seller there is a buyer, you might as well say that everyone is buying.


I think JoeVentura has a valid point regarding the fact that if the BTC price is falling, then more coins are being offered for sale than there are coins being bought - and that is why the price is falling.  On the other hand if there are more coins being bought than offered, then the price rises.

As you suggest, Arriemoller, in the end, that claim about dollar cost average selling may NOT be saying too much; however, I believe more importantly, is that JoeVentura got it wrong b/c dollar cost average selling would have been taking place as the price was rising... however, the price has been falling for nearly a year... so what we have NOW, or at least in the past 4 months or so, are continued attempts to force the price down by big cats and attempt to cause regular people to panic and to sell their coins.. and this dynamic is NOT about dollar cost average selling, like JoeVentura is so boldly and wrongly asserting.

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November 04, 2014, 11:37:41 PM
 #2152

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



The price is higher than a year ago

People spending their BTC? YES

More people are involved in Bitcoin than a year ago and way more people have heard of it; the price couldn't sustain 700$+ this year but things change and when the western economical environnement will become very toxic very clearly again the price will rise to new highs, been there done that!

The price is higher than a year ago  <<--- A comment you will able to say for about another two weeks then BTC will be at a 12 month low because your comment is only true because a year ago it was a few bucks lower than it is now and then proceeded on a rocket ride to like $1200



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November 04, 2014, 11:42:41 PM
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"What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions."



For every seller there is a buyer, you might as well say that everyone is buying.


I think JoeVentura has a valid point regarding the fact that if the BTC price is falling, then more coins are being offered for sale than there are coins being bought - and that is why the price is falling.  On the other hand if there are more coins being bought than offered, then the price rises.

As you suggest, Arriemoller, in the end, that claim about dollar cost average selling may NOT be saying too much; however, I believe more importantly, is that JoeVentura got it wrong b/c dollar cost average selling would have been taking place as the price was rising... however, the price has been falling for nearly a year... so what we have NOW, or at least in the past 4 months or so, are continued attempts to force the price down by big cats and attempt to cause regular people to panic and to sell their coins.. and this dynamic is NOT about dollar cost average selling, like JoeVentura is so boldly and wrongly asserting.


force the price down by big cats and attempt to cause regular people to panic and to sell their coins..  << sorry not buying this.

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November 05, 2014, 03:05:38 AM
 #2154










"What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions."



For every seller there is a buyer, you might as well say that everyone is buying.


I think JoeVentura has a valid point regarding the fact that if the BTC price is falling, then more coins are being offered for sale than there are coins being bought - and that is why the price is falling.  On the other hand if there are more coins being bought than offered, then the price rises.

As you suggest, Arriemoller, in the end, that claim about dollar cost average selling may NOT be saying too much; however, I believe more importantly, is that JoeVentura got it wrong b/c dollar cost average selling would have been taking place as the price was rising... however, the price has been falling for nearly a year... so what we have NOW, or at least in the past 4 months or so, are continued attempts to force the price down by big cats and attempt to cause regular people to panic and to sell their coins.. and this dynamic is NOT about dollar cost average selling, like JoeVentura is so boldly and wrongly asserting.


force the price down by big cats and attempt to cause regular people to panic and to sell their coins..  << sorry not buying this.


You don't need to buy it, but it seems to be a much better description of what is going on than what you have made.... and are you also predicting prices to go in the sub-$200 territory in the near future?  I think that the odds are pretty decent that your prediction in that regard will NOT be realized.

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November 05, 2014, 04:34:24 AM
 #2155

BTC will flag post between $300-$450 for another month or so. When it breaks $490 level we will see another run. Just my 2 cents.

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November 05, 2014, 07:54:19 AM
 #2156

What are peoples' opinions about lowly Pandacoin gaining popularity with ordinary people in Romania and Bulgaria? Check out this thread from the alt coin ghetto:  https://bitcointalk.org/index.php?topic=846866.0.  They seem to like Pandacoin because it is faster than Bitcoin.  I think Panda is one of the best alts and also thought it was doomed to not go anywhere like all the others.  I had no idea it had gotten to the point where you can use Panda in bars. I guess it was an organic process not led by a thought leader or a company.
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November 05, 2014, 08:58:40 AM
 #2157

What are peoples' opinions about lowly Pandacoin gaining popularity with ordinary people in Romania and Bulgaria? Check out this thread from the alt coin ghetto:  https://bitcointalk.org/index.php?topic=846866.0.  They seem to like Pandacoin because it is faster than Bitcoin.  I think Panda is one of the best alts and also thought it was doomed to not go anywhere like all the others.  I had no idea it had gotten to the point where you can use Panda in bars. I guess it was an organic process not led by a thought leader or a company.

I haven't heard anything substantial, some new guy says everyone is spending it in Romania?
Id like a bit more proof
Romanian taxi drivers have time to wait for an email from an exchange to confirm they just
been paid in pandacoins??  lol

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November 05, 2014, 02:34:47 PM
 #2158

BTC will flag post between $300-$450 for another month or so. When it breaks $490 level we will see another run. Just my 2 cents.

Will that happen before or after the FTC dumps several million dollars worth of Butterfly Labs BTC on the open market very shortly?

Just curious.


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November 05, 2014, 03:17:58 PM
 #2159

Will that happen before or after the FTC dumps several million dollars worth of Butterfly Labs BTC on the open market very shortly?

Just curious.

Mmmhmmm. Just FUDing.

Using the U.S. Marshals sale of the Silk Road seizure as an example, they are unlikely to dump them on the open market. However, if they did, using Bearwhale's 30,000 coins as an example, the market will choke them down with a temporary small negative blip, followed by a nearly instant return to almost the predump price.

FUD harder.

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November 05, 2014, 03:46:41 PM
 #2160

on the open market



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