fonzie
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September 28, 2014, 01:20:20 PM |
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Just a small weekend fluctuation with no volume, nothing to see here. Stop posting crap you bearish manipulators.
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CoinHamster
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Activity: 101
Merit: 10
฿ ฿ ฿ ฿ ฿
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September 28, 2014, 01:20:50 PM |
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cheap coins in town - ask your local dealer!
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edwardspitz
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September 28, 2014, 01:21:31 PM |
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500 BTC bid wall just pulled on Bitfinex
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fonzie
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September 28, 2014, 01:22:43 PM |
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500 BTC bid wall just pulled on Bitfinex More to come...
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justusranvier
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Activity: 1400
Merit: 1013
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September 28, 2014, 01:22:50 PM |
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All these n00bs that don't remember 2011...
You remember what happened 2011 ? good because whoever were present should know better than anyone else what a long bear market means. It means the trolls should get better FUD, or at least something new.
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tarmi
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Activity: 1232
Merit: 1011
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September 28, 2014, 01:23:04 PM |
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Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.
I'm just stating the facts. Facts that everyone can observe if they glance briefly at the price development and statistics of user adoption. You don't like the facts? Well, tough luck, because this is a free market, ruled by the simple law of supply and demand. That's why the price will continue falling. Because the price doesn't care one bit about the hopes and delusions of cultists or permabulls. At the moment the market is ruled by parasites, it will go back to being ruled by supply and demand when they leave. I like you, honestly, but I was tweeting exactly the same things when 266 burst... Parasites will never go away, because many reasons - I will post when I am not depressed (cryptos are my full time job, I want BTC only UP UP UP). parasites? what is next? speculators are doing a great job on price discovery. you should thank them.
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exocytosis
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September 28, 2014, 01:24:48 PM |
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you have to remember that there is more than 13 million Bitcoin in circulation
Well, most of those 13 million coins are locked up in cold storage. Roughly half of them are probably unavailable, since their owners no longer have access to the private keys. The amount of coins actually circulating on the exchanges or in the "greater Bitcoin economy" is somewhere in the tens of thousands, isn't it? Or maybe only in the thousands? Even with such a small supply, the demand still can't keep up. That gives us a valuable lesson about Bitcoin. We better start learning from that lesson.
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inca
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Activity: 1176
Merit: 1000
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September 28, 2014, 01:27:11 PM |
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you have to remember that there is more than 13 million Bitcoin in circulation
Well, most of those 13 million coins are locked up in cold storage. Roughly half of them are probably unavailable, since their owners no longer have access to the private keys. The amount of coins actually circulating on the exchanges or in the "greater Bitcoin economy" is somewhere in the tens of thousands, isn't it? Or maybe only in the thousands? Even with such a small supply, the demand still can't keep up. That gives us a valuable lesson about Bitcoin. We better start learning from that lesson. Why are you here exocytosis? What is your bitcoin investment strategy? How many coins do you hold? /holds breath.
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justusranvier
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Activity: 1400
Merit: 1013
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September 28, 2014, 01:27:41 PM |
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cryptos are my full time job, I want BTC only UP UP UP. Your living expenses are most likely pegged to fiat, so for the time being try to get an income that is also pegged to fiat. That way when the price goes lower it just means you accumulate more bitcoins and add to your savings. If the price goes up, then your savings have more purchasing power although you're adding to them more slowly. Then you fundamentally don't care which way the price moves.
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mooncake
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September 28, 2014, 01:27:54 PM |
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you have to remember that there is more than 13 million Bitcoin in circulation
Well, most of those 13 million coins are locked up in cold storage. Roughly half of them are probably unavailable, since their owners no longer have access to the private keys. The amount of coins actually circulating on the exchanges or in the "greater Bitcoin economy" is somewhere in the tens of thousands, isn't it? Or maybe only in the thousands? Even with such a small supply, the demand still can't keep up. That gives us a valuable lesson about Bitcoin. We better start learning from that lesson. This is provided exchanges do not practise fractional reserve.
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klee
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Activity: 1498
Merit: 1000
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September 28, 2014, 01:28:20 PM |
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Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.
I'm just stating the facts. Facts that everyone can observe if they glance briefly at the price development and statistics of user adoption. You don't like the facts? Well, tough luck, because this is a free market, ruled by the simple law of supply and demand. That's why the price will continue falling. Because the price doesn't care one bit about the hopes and delusions of cultists or permabulls. At the moment the market is ruled by parasites, it will go back to being ruled by supply and demand when they leave. I like you, honestly, but I was tweeting exactly the same things when 266 burst... Parasites will never go away, because many reasons - I will post when I am not depressed (cryptos are my full time job, I want BTC only UP UP UP). parasites? what is next? speculators are doing a great job on price discovery. you should thank them. I used his terms, I don't have a problem with market makers, they are easily manipulated by me! I prefer nukes btw
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justusranvier
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Activity: 1400
Merit: 1013
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September 28, 2014, 01:29:44 PM |
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This is provided exchanges do not practise fractional reserve.
If the coins aren't in a wallet under your exclusive control, then you don't actually have any...
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klee
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Activity: 1498
Merit: 1000
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September 28, 2014, 01:30:13 PM |
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cryptos are my full time job, I want BTC only UP UP UP. Your living expenses are most likely pegged to fiat, so for the time being try to get an income that is also pegged to fiat. That way when the price goes lower it just means you accumulate more bitcoins and add to your savings. If the price goes up, then your savings have more purchasing power although you're adding to them more slowly. Then you fundamentally don't care which way the price moves. This is what I will do but it destroys my biz plans (people are not interested to buy when it falls despite my efforts to convince them for the opposite. Only 5% from my customers buy in the recent bear market, the others wait for clear bull signals..)
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prophetx
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he who has the gold makes the rules
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September 28, 2014, 01:30:50 PM |
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If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.
It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly. I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here. There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over. No, you don't understand. There's a limit how much price can go down. Bitcoins are not produced out of the thin air, expensive electricity is invested to support the network. The supply can't get bigger after the price get's down to cost of electricity to produce a new BTC. After that point we enter the stability at the bottom, when it doesn't matter if someone is disappointed or not. yes and that limit is almost ZERO. as the price goes down, miners start switching off equipment, because there is a 2 week lag in difficulty adjustment blocks get made at increasing longer periods of time until difficult re-adjusts (currently we are at 8 minute average), as the network operates lower at a lower capacity merchants considering using other systems which are less prone to this problem.
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yokosan
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September 28, 2014, 01:35:27 PM |
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an inside source has told me that the coming week is going to be big
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seleme
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Duelbits.com
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September 28, 2014, 01:37:06 PM |
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an inside source has told me that the coming week is going to be big
Big as big, or big as low?
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klee
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Activity: 1498
Merit: 1000
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September 28, 2014, 01:37:38 PM |
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an inside source has told me that the coming week is going to be big
We need masses though, not only funds, speculators in fiat etc Will it bring the masses & volume?
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Erdogan
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Activity: 1512
Merit: 1005
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September 28, 2014, 01:37:50 PM |
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I am starting to be absolutely POSITIVE that some people in this forum, especially in this thread, are government (and/or bank employees). They manipulate this thread, calling the crash "cheap coins", and so on, when they know exactly that NO MARKET CAN RAISE indefinitely.
So every crash, might be the last one. Every crash might be the end of the bitcoin, and the proof for this is that all of you see that after EVERY drop, price is raising back HARDER and HARDER (usually to a smaller value than it was before the crash started). Speculators, who are buying coins and then they sell immediately expecting a few dollars margin, are happy with this situation; governments and banks are very happy also, but people who see (or who have seen) Bitcoin as a new "era" or a long term investment will be totally screwed.
Another proof: remember how actively governments were fighting Bitcoin? Now they don't. You know why? Because they realized that it's absolutely no danger in it for their systems. They could bring down the price to absolute 0 with a few million of USD (or less) ANYTIME they want. Walls or no walls, people are already not buying Bitcoins, because it become clear for everybody that one of the crashes will not be followed by a next bubble: and then it's over.
If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.
No amount of USD can take down bitcoin to 0. You need bitcoins for that.
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mmitech
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Activity: 1148
Merit: 1001
things you own end up owning you
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September 28, 2014, 01:39:12 PM |
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you have to remember that there is more than 13 million Bitcoin in circulation
Well, most of those 13 million coins are locked up in cold storage. Roughly half of them are probably unavailable, since their owners no longer have access to the private keys. The amount of coins actually circulating on the exchanges or in the "greater Bitcoin economy" is somewhere in the tens of thousands, isn't it? Or maybe only in the thousands? Even with such a small supply, the demand still can't keep up. That gives us a valuable lesson about Bitcoin. We better start learning from that lesson. I don't know where did you get that from, but we have always assumed that the 1 million coin of Satoshi are unavailable and we assumed that around another million is lost ( I will explain further), and these coins being in cold storage doesn't mean anything... it took me 2 mins to spend my cold storage coins. - explaining why (I think) not half Bitcoins are lost: we all know that 68% of the coins in existence are held in addresses that contains between 1,000- 1,000,000 BTC to make the job easier, you can check this site, first thing you will notice is that most of the richest 1000 addresses were created between 2013-2014 which simply imply to the owners still having control.
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justusranvier
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Activity: 1400
Merit: 1013
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September 28, 2014, 01:41:43 PM |
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Your 'milestones' thread Hasn't been updated in a while because the data came from a hand-updated spreadsheet and I haven't gotten around to updating it.
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