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cmacwiz
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January 15, 2015, 05:38:31 AM |
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Throwback 2011:There doesn't seem to be a great deal of new capital entering the system...
Bitcoins are still being mined, and some fraction of those are sold to pay for electricity. There's enough new capital coming in every day to pay for the electricity. I can agree with your first two assertions, but I don't see market evidence of the last one. If substantial amounts of capital were being brought in, there would be a number of indicators of that (most notably that the market would be trending up rather than down). where's the timestamps? |
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 15, 2015, 05:39:45 AM |
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Throwback 2011:There doesn't seem to be a great deal of new capital entering the system...
Bitcoins are still being mined, and some fraction of those are sold to pay for electricity. There's enough new capital coming in every day to pay for the electricity. I can agree with your first two assertions, but I don't see market evidence of the last one. If substantial amounts of capital were being brought in, there would be a number of indicators of that (most notably that the market would be trending up rather than down). where's the timestamps? I took them out so folks won't necro them. They are easy enough to search. |
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pjviitas
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January 15, 2015, 05:40:04 AM |
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We need a reset to 2 or even 1 digit numbers, before the story with mtgox and its money from thin air. Maybe another bearish year will fix bitcoin.
Even though I have no technical reason I have to agree with you purely on what my personal valuation of BTC. It isn't worth much more than single digits to me personally so I am reluctant to jump back in until then. What if it never hits single digits? I have other investments. |
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 15, 2015, 05:48:10 AM |
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 'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful' - Warren Buffett |
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derpinheimer
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Activity: 896
Merit: 1000
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January 15, 2015, 05:56:16 AM |
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Just a matter of time..  |
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ChartBuddy
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Activity: 2156
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 15, 2015, 06:00:00 AM |
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Bitfinex  Bitstamp  Explanation |
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Wekkel
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Activity: 3108
Merit: 1531
yes
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January 15, 2015, 06:00:43 AM |
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Price is stabilising in the short term.
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magicmexican
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January 15, 2015, 06:08:14 AM |
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Price is stabilising in the short term.
I dont think its very likely that it will stabilize in this range for too long, i think it will either go to 160< or chu-chu to 250~ or so and settle down there. |
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twiifm
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January 15, 2015, 06:10:03 AM |
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Price is stabilising in the short term.
I dont think its very likely that it will stabilize in this range for too long, i think it will either go to 160< or chu-chu to 250~ or so and settle down there. I agree. 190 needs to hold here but no volume |
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poncho32
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January 15, 2015, 06:14:42 AM |
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Price is stabilising in the short term.
I dont think its very likely that it will stabilize in this range for too long, i think it will either go to 160< or chu-chu to 250~ or so and settle down there. I agree. 190 needs to hold here but no volume No volume could be a sign capitulation is over and people will start buying back soon. |
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 15, 2015, 06:16:21 AM |
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BTCtrader71
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January 15, 2015, 06:18:05 AM |
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They prolly started with much less, but have easily doubled up or more during every raid making them ~16X more powerful than when they started- 32X if you count this last one. These are technically skilled traders to begin with who would be profitable traders even if they weren't market movers and market makers. When you have skill to begin with, it takes much less ammo to push the market in the direction it wants to go anyway. Even I could walk it up and walk it back on a slow day with very low volume and--as has been pointed out several times--am just a hick fireman.
Surely they don't risk all of their capital every time. One miscalculation or piece of bad luck and you get wiped out. They don't have to risk all of it because they are so powerful, they only risk what they need to risk. They were going to push the market down until there was a long squeeze. I have no idea how much of their capital it took but surely not all of it. The problem is there has been no real bounce yet like the other four raids. This is new. They may have been too successful in accumulating coins and now they have (like me ironically) too many coins that aren't worth anything. Yes, we can leverage them up to push the market higher, but not sustainably without a fresh infusion of fiat. This may be an unrecoverable stall without Big Money coming to the rescue and who knows how long we're going to bleed before the vultures come in and pick over our carcasses. I am not selling, but I have to prepare for an indefinite period without additional income. If these traders really know what they're doing, they probably have a stash of USD in reserve just in case the bounce needs a little help, wouldn't you think? A simple bump to $240 right about now would go a long way towards keeping hope (and by hope I mean their sheep) alive. |
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silverfuture
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central banking = outdated protocol
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January 15, 2015, 06:37:22 AM |
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I just read a whole page without an ignored or a bear in sight. Are they exhausted yet?  I'm not complaining. |
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macsga
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Activity: 1484
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Strange, yet attractive.
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January 15, 2015, 06:38:35 AM |
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I just read a whole page without an ignored or a bear in sight. Are they exhausted yet? I'm not complaining. No, just that their job is done...  |
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keewee
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January 15, 2015, 06:39:24 AM |
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I just read a whole page without an ignored or a bear in sight. Are they exhausted yet? I'm not complaining. Maybe they're all one person and he's asleep |
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 15, 2015, 06:39:37 AM |
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samsonn25
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January 15, 2015, 06:47:44 AM |
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UNDERSOLD.
EMA is 290
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 15, 2015, 06:48:40 AM |
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I just read a whole page without an ignored or a bear in sight. Are they exhausted yet? I'm not complaining. Maybe they're all one person and he's asleep LambTroll alone has like 10 accounts (I've ignored them all, hopefully)  |
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Warren Buffert
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January 15, 2015, 06:50:52 AM |
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bulls run out of energy already? worst rally ever... RIP bitcoin.
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