inca
Legendary
 Offline
Activity: 1176
Merit: 1000
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October 14, 2014, 05:00:03 PM |
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I don't think butthurt means what you think it does, unless you think buying at 301 was a poor trade.
You will continue to put the bear case. And continue to conveniently disappear when the price moves up again.
Of course bitcoin is failing, the bear market will continue forever blah blah <insert chart to fit argument>.
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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janos666
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October 14, 2014, 05:00:24 PM |
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So the question I have for everyone is are we really ready for another bubble? For those of you that have been through a rally before do you remember how addicted we became to the charts? Even more so than now, which can be hard to believe for some of us. And if you are anything like me, all I seemed to talk about day and night was Bitcoin. My kids would even say, "Stop talking about Bitcoin!" But the obsessiveness was because of the adrenalin rush of price increases every day, every hour and sometimes every minute! Hopefully I can remain more calm and less of an "addict" this time around. We will see. . .
Well, I started to talk about Bitcoin to my clients instead of forcing meaningless chat to pass the time. If I think about it, I actually find it strange that I have never ever tried to sell Bitcoins for cash during these home visits. I never offer them anything beyond basic information and my admittedly subjective opinions. Even though this certain side job of mine requires me to meet relatively wealthy strangers at their home (they invite me to visit and do my job, I am not intruding) has absolutely nothing to do with finance, I technically do have a license to talk about finance with people at their home, I just never actually used it for anything (I didn't even pick up that piece of paper from the school, it might lost it's validity by now and/or they throw it away but it was child play to pass the tests, so I could claim it again any time). But for some reason I don't care to do it. I like to talk about Bitcoin, or even world economy but it feels like doing cash trades with Bitcoin would ruin the mood (and I don't think I could sell Bitcoins without braking my other character, so one job-personality would need to suffer). |
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ShroomsKit
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October 14, 2014, 05:00:43 PM |
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We will see 450 before weekend just saying  We're going down. There are gonna be some massive dumps before or early weekend. whats wrong shooormie ? short squeese scare u no ? I can not share any details but those who are smart get out now. This is confirmed. Shrooms trying a little reverse psychology on the market I see. Let's hope it helps. No seriously. We can't get over 400. Dumpers do everything to go below 400. And they will win. The buying pressure will soon stop. Bulls will give up. Then we slowly drop to 380 and then we'll see a massive dump and panic selling, taking us down to 280. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 14, 2014, 05:00:57 PM |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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October 14, 2014, 05:02:03 PM |
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I sold some...  virtex is on FIRE~! Wow they are like 10% over US markets... damnnnn |
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xyzzy099
Legendary
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Activity: 1062
Merit: 1041
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October 14, 2014, 05:02:29 PM |
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NotLambchop
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October 14, 2014, 05:06:32 PM |
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...
No seriously. We can't get over 400. Dumpers do everything to go below 400. And they will win...
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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October 14, 2014, 05:07:52 PM |
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I sold some... virtex is on FIRE~! hmmm i thought you taking a break off bitcoin for your wife ? |
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Plazma
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October 14, 2014, 05:08:20 PM |
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I see people taking the price higher, probably some big players. they have been doing for the last few days and will continue for the next few weeks until the masses start panic buying and there we go. I'm not even sorry for the guys who sold sub 400 and are going to bug >1000 or never.
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Bitcoiner_76
Newbie
Offline
Activity: 3
Merit: 0
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October 14, 2014, 05:12:23 PM |
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We will break 450 within 72 hours. Buy now.
Wow A random internet user that no one knows advising to buy something as volatile as the bitcoin with no prove of nothing, just because... oh yeah, nothing at all. I will obey you http://cdn.forocoches.com/foro/images/smilies/sisi1.gif |
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Plazma
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October 14, 2014, 05:15:17 PM |
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We will break 450 within 72 hours. Buy now.
Wow A random internet user that no one knows advising to buy something as volatile as the bitcoin with no prove of nothing, just because... oh yeah, nothing at all. I will obey you  If you dont wanna buy cos you think its gonna drop, why dont you short it and get rich? |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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October 14, 2014, 05:15:20 PM |
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I did and i'm not selling. Why would i when the price goes up. What's the point? So i can buy in higher again?
I like to have coins. Not money.
I can't handle this shit anymore. I'm out. I just sold all my coins. Fuck it.
This place needs less trolls.
Fucking idiot trader! I hope you have to buy back at a big loose. |
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thezerg
Legendary
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Activity: 1246
Merit: 1010
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October 14, 2014, 05:22:08 PM |
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I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply. It looks like we are at the point: https://blockchain.info/charts/hash-ratehttps://blockchain.info/charts/difficulty |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 14, 2014, 05:24:53 PM |
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I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply. It looks like we are at the point: https://blockchain.info/charts/hash-ratehttps://blockchain.info/charts/difficultyits already known that at todays hasrate, at 0.1 usd per kwh electricity it cost 131 usd per bitcoin, that before the cost ROI of miner. but yes 300 seem to be the bottom. |
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Bagatell
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October 14, 2014, 05:25:56 PM |
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I did and i'm not selling. Why would i when the price goes up. What's the point? So i can buy in higher again?
I like to have coins. Not money.
I can't handle this shit anymore. I'm out. I just sold all my coins. Fuck it.
This place needs less trolls.
Fucking idiot trader! I hope you have to buy back at a big loose. Oh noes! Shromsie miss the train? |
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njcarlos
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October 14, 2014, 05:26:31 PM |
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I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply.
Won't there on average be 3600 coins mined daily regardless of hashing power? Not sure I understand this argument... |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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October 14, 2014, 05:26:56 PM |
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I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply. It looks like we are at the point: https://blockchain.info/charts/hash-ratehttps://blockchain.info/charts/difficultyThis isn't a statistical artifact due to a bad luck streak? |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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October 14, 2014, 05:27:02 PM |
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BFX swaps are turning around again OCT 7: $18m USD || 10k BTC OCT 10: $21m USD || 15k BTC OCT 14: $22m USD || 11k BTC I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply. It looks like we are at the point: https://blockchain.info/charts/hash-ratehttps://blockchain.info/charts/difficultyThis isn't a statistical artifact due to a bad luck streak? Not gonna calculate it, but I'm going to guess its somewhere around 99% certainty that this isnt just random chance. |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 14, 2014, 05:27:37 PM |
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I did and i'm not selling. Why would i when the price goes up. What's the point? So i can buy in higher again?
I like to have coins. Not money.
I can't handle this shit anymore. I'm out. I just sold all my coins. Fuck it.
This place needs less trolls.
Fucking idiot trader! I hope you have to buy back at a big loose. Oh noes! Shromsie miss the train? quick shroomie buy more, before you miss the train... |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 14, 2014, 05:29:16 PM |
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I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply.
Won't there on average be 3600 coins mined daily regardless of hashing power? Not sure I understand this argument... i think he meant that at certain level, miner will hoard instead of selling |
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