BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 04:58:48 AM |
|
Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Meh, trust in exchanges means f'all. If few whales start a bubble you'll see people in line begging to send their money to exchanges. Good old greed beats any trust problems. Not really. At least, not in my experience. Even if bitcoin is bubbling, if people don't trust the exchanges, they just won't invest, primarily because they don't seem to understand that you can be independent of credit risk by withdrawing your coins... :\ yeah, that's why we have zillion of people from November here ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) There is enough people on the planet who will feel the need to send money there as soon as their greed indicator goes to green ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't doubt that a second, it's only a point when circumstances will be cuh for that to happen or to make it simple - when next bubble will start. What is more impressive then these dips in price? How crazy fast the price can rise when Bitcoin starts taking off! I think people panic even more when the price is rising in Bitcoin. Just wait till we take off next time. This ride will get crazy! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 04:59:31 AM |
|
Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Meh, trust in exchanges means f'all. If few whales start a bubble you'll see people in line begging to send their money to exchanges. Good old greed beats any trust problems. Who's going to be the whale? The macroeconomic picture is that the Federal Reserve is tapering the quantitative easing even as real employment (labor force participation) weakens. There's likely to be a mad scramble for cash and whales will have their hands full with their other investments. When the tide goes out, you discover who's been swimming naked. The only whale I know with massive cash on hand is Warren Buffet and he's not coming to save us.
|
|
|
|
BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:00:25 AM |
|
Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Cheer up people. Take a look at this chart from the "other TA" thread and realize that we are in such a great position right now. The trendline is almost freakishly identical to the trend from 2010 -2011 to the trend we are on now from 2013 till now. If it stays on the same path we are looking at $10,000 or even more easily on the next rise in price. https://bitcointalk.org/index.php?topic=400235.msg6032075#msg6032075I am not worried just displeased that Pboc is so shadowy with the rulings.. but fiat has it slaves. April 15th will come and go. The price might not move much before then, or up a little perhaps, but when everyone realizes that Bitcoin isn't going to "zero" things will get interesting once again.
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
![](https://bitcointalk.org/Themes/custom1/images/post/lamp.gif) |
April 03, 2014, 05:00:37 AM |
|
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:03:30 AM |
|
Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Meh, trust in exchanges means f'all. If few whales start a bubble you'll see people in line begging to send their money to exchanges. Good old greed beats any trust problems. Who's going to be the whale? The macroeconomic picture is that the Federal Reserve is tapering the quantitative easing even as real employment (labor force participation) weakens. There's likely to be a mad scramble for cash and whales will have their hands full with their other investments. When the tide goes out, you discover who's been swimming naked. The only whale I know with massive cash on hand is Warren Buffet and he's not coming to save us. Oh Billy, no need in trying to make us forget all your too bullish nonsense from last few weeks with going to all bearish nonsense now, specially with all those big words after the change that happened in you in last few hours. Take it easy mate ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) There will be line of whales as soon as they decide it's right moment to do it. Just relax, try to not get burned before then and be ready to jump in. If you are actually serious with your talk in last 24 hours, then that time might be sooner than you expect as your behaviour is one of the strongest signs of it. Ultramegahypegiant bull going into "it's almost over" phase in a day, that usually means better times for bitcoin are not far away ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
Davyd05
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:06:45 AM |
|
Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Cheer up people. Take a look at this chart from the "other TA" thread and realize that we are in such a great position right now. The trendline is almost freakishly identical to the trend from 2010 -2011 to the trend we are on now from 2013 till now. If it stays on the same path we are looking at $10,000 or even more easily on the next rise in price. https://bitcointalk.org/index.php?topic=400235.msg6032075#msg6032075I am not worried just displeased that Pboc is so shadowy with the rulings.. but fiat has it slaves. April 15th will come and go. The price might not move much before then, or up a little perhaps, but when everyone realizes that Bitcoin isn't going to "zero" things will get interesting once again. I don't think it's going to zero, just even if the news was clear, we could have a quicker turn over of weak hands.. Right now it is just to profitable not to short btc on the uncertainty for the day traders atleast
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:08:21 AM |
|
If I were Bobby Lee, I'd be putting ATMs in every major city in China, just as fast as I could.
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:08:35 AM |
|
Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Cheer up people. Take a look at this chart from the "other TA" thread and realize that we are in such a great position right now. The trendline is almost freakishly identical to the trend from 2010 -2011 to the trend we are on now from 2013 till now. If it stays on the same path we are looking at $10,000 or even more easily on the next rise in price. https://bitcointalk.org/index.php?topic=400235.msg6032075#msg6032075I am not worried just displeased that Pboc is so shadowy with the rulings.. but fiat has it slaves. April 15th will come and go. The price might not move much before then, or up a little perhaps, but when everyone realizes that Bitcoin isn't going to "zero" things will get interesting once again. I don't think it's going to zero, just even if the news was clear, we could have a quicker turn over of weak hands.. Right now it is just to profitable not to short btc on the uncertainty for the day traders atleast It depends. I am surely open to thoughts that it is going lower but based on China news solely, and that's what brought us here mainly from 600$, it's done and dusted really. The only news we can get is final confirmation from Huiobi/BTCCHina but those who wait that are suckers and deserve to get burned.
|
|
|
|
Jeezy911
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:08:46 AM |
|
Cheer up guys Bitcoin still has a lot of gas left in the tank. No way these big time BTC startups don't at least punch back.
|
|
|
|
ShroomsKit
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:09:07 AM |
|
Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Cheer up people. Take a look at this chart from the "other TA" thread and realize that we are in such a great position right now. The trendline is almost freakishly identical to the trend from 2010 -2011 to the trend we are on now from 2013 till now. If it stays on the same path we are looking at $10,000 or even more easily on the next rise in price. https://bitcointalk.org/index.php?topic=400235.msg6032075#msg6032075I am not worried just displeased that Pboc is so shadowy with the rulings.. but fiat has it slaves. April 15th will come and go. The price might not move much before then, or up a little perhaps, but when everyone realizes that Bitcoin isn't going to "zero" things will get interesting once again. The sheep will find another reason to panic sell after april 15. I'm sure.
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:09:34 AM |
|
If I were Bobby Lee, I'd be putting ATMs in every major city in China, just as fast as I could.
Too big investment for a country where few old idiots could just outlaw it on their will next day.
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:11:27 AM |
|
Cheer up guys Bitcoin still has a lot of gas left in the tank. No way these big time BTC startups don't at least punch back.
Yeah, and people still have guts to call this to be possible 2011 with such difference in fundamentals. I could cry reading that, really.
|
|
|
|
slapper
Legendary
Offline
Activity: 1960
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:13:38 AM |
|
|
|
|
|
BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:14:54 AM |
|
Cheer up guys Bitcoin still has a lot of gas left in the tank. No way these big time BTC startups don't at least punch back.
Yeah, and people still have guts to call this to be possible 2011 with such difference in fundamentals. I could cry reading that, really. Are the "fundamentals" really that different or just at a different scale now with different "players" in the game? I think there is something to the patterns. If we get to $10,000+ by late Summer am I allowed to come back and say, "I told you so?" ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) You always seem fairly bullish though Seleme so I assume you think it is doable, no?
|
|
|
|
JorgeStolfi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:16:12 AM |
|
Are you saying there is yet another set of bans that is yet to be imposed in China? This time no one will believe it, it has happened so many times!
Not a ban on bitcoin, but a ban on some channels that bitcoin traders and investors had been using to deposit and withdraw yuan from the exchanges. This ban was leaked last week, and is being implemented now. If the leak is correct, it should be fully in force by April 15. The ban should drastically reduce trading in China, and has already prompted many Chinese traders to sell their coins, which is why the price dropped so much since Thursday.
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:18:48 AM |
|
If I were Bobby Lee, I'd be putting ATMs in every major city in China, just as fast as I could.
Too big investment for a country where few old idiots could just outlaw it on their will next day. Maybe for you. Not for Bobby Lee. It's peanuts really. Maybe 1mm RMB to get one in a major city in every province, 40k RMB/month for security and operations. The ATM fees alone would more than cover it the plant, and trading fees would not go to zero, as is now almost certain.
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:22:43 AM |
|
Cheer up guys Bitcoin still has a lot of gas left in the tank. No way these big time BTC startups don't at least punch back.
Yeah, and people still have guts to call this to be possible 2011 with such difference in fundamentals. I could cry reading that, really. Are the "fundamentals" really that different or just at a different scale now with different "players" in the game? I think there is something to the patterns. If we get to $10,000+ by late Summer am I allowed to come back and say, "I told you so?" ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) You always seem fairly bullish though Seleme so I assume you think it is doable, no? I'm not sure about 10 000 or any price in some specific time stamp but I'm fairly bullish about Bitcoin generally, and in same time I'm not afraid of it going to any price. As there is money to be made trading crypto at any price. And yeah, fundamentals are different. Back in the summer of 2013. we had no idea if USA would ban bitcoin completely, for example, that was my (and most of other people) main fear.
|
|
|
|
Wary
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:24:53 AM |
|
We need a really big whale or a whole a pod of medium whales. We can't bootstrap a turnaround taking each other's money. Even a Cyprus event would need a catalyst.
It's an axiom that unless something changes, the situation won't change. If $400 support isn't tested on higher volume, there will likely be no trend reversal for months. We'll go sideways. If $400 doesn't hold, we'll plummet until hidden support is found somewhere in the depths. This is gut check time.
What happened July last year, when price went from 65 to 90? What had changed then? I reckon the only things that had changed were expectations, from "it will go down" to "it will go up". It was enough.
|
|
|
|
BBmodBB
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:25:37 AM |
|
Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.
Cheer up people. Take a look at this chart from the "other TA" thread and realize that we are in such a great position right now. The trendline is almost freakishly identical to the trend from 2010 -2011 to the trend we are on now from 2013 till now. If it stays on the same path we are looking at $10,000 or even more easily on the next rise in price. https://bitcointalk.org/index.php?topic=400235.msg6032075#msg6032075I am not worried just displeased that Pboc is so shadowy with the rulings.. but fiat has it slaves. April 15th will come and go. The price might not move much before then, or up a little perhaps, but when everyone realizes that Bitcoin isn't going to "zero" things will get interesting once again. The sheep will find another reason to panic sell after april 15. I'm sure. if you sell before the 15th then buy back after = no taxes or something!? lolll =)
|
|
|
|
BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 03, 2014, 05:44:56 AM |
|
Cheer up guys Bitcoin still has a lot of gas left in the tank. No way these big time BTC startups don't at least punch back.
Yeah, and people still have guts to call this to be possible 2011 with such difference in fundamentals. I could cry reading that, really. Are the "fundamentals" really that different or just at a different scale now with different "players" in the game? I think there is something to the patterns. If we get to $10,000+ by late Summer am I allowed to come back and say, "I told you so?" ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) You always seem fairly bullish though Seleme so I assume you think it is doable, no? I'm not sure about 10 000 or any price in some specific time stamp but I'm fairly bullish about Bitcoin generally, and in same time I'm not afraid of it going to any price. As there is money to be made trading crypto at any price. And yeah, fundamentals are different. Back in the summer of 2013. we had no idea if USA would ban bitcoin completely, for example, that was my (and most of other people) main fear. And now we are worried about China banning it. There were exchanges failing then. There are exchanges failing now. We are just at a different scale but things haven't changed that much.
|
|
|
|
|