infofront (OP)
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Shitcoin Minimalist
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February 06, 2018, 04:14:19 AM |
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But the last year BTC chart looks almost exactly like the doom/gloom bubble chart below we are all familiar with... (click on 1 year BTC link below and compare)
Much as I'm utterly bored of that chart, the parallels are there. Looks like we're shortly to enter despair. It's pretty mind boggling how repetitive these moves are, or perhaps it isn't. It's human psychology that shapes these things and that doesn't change. Real despair overshoots the mean. So that puts us at what, about $3,000? |
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Biodom
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Activity: 3542
Merit: 3340
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February 06, 2018, 04:14:39 AM |
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Marcus is coming to terms with the fact that the Blockstream/Core narrative is collapsing. He's realizing that Bitcoin cannot succeed as only a "store of value" TM or as muh "digital gold" TM on its own -- instead, it needs to be used. He's invested a lot into attacking people like me who have been doing the scalability research to grow bitcoin into a world-wide electronic cash system. He sees his narrative coming unglued and so he lashes out. Marcus: have you noticed that the engineers of Blockstream are leaving? Check out the latest Coindesk articles. Bitcoin will succeed, and it will succeed as a global e-cash system that is as useful to people making $2 per day as it is to people making $2,000 per day. The Blockstream/Core "settlement layer" will end with this crash. LOL Your stuff is less than a thou now, will probably approximate zero at some point. Your buddy jihan would have to charge infinite number of bch for his hardware he he. Who cares about bch when you have the same block time. Basically, nobody or close to it. |
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Peter R
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February 06, 2018, 04:15:33 AM |
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I take it Peter is now referring to Bcash as the one true Bitcoin. True to form. No. You take BTC as "the one true bitcoin." As for me, I say that I don't know. Maybe BTC will remain dominant; but maybe BCH with its greater block size limit will overtake it. Or maybe a new branch will prevail. It doesn't matter to me because Bitcoin is the sum of its forks and I hold them all. |
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gentlemand
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Activity: 2590
Merit: 3007
Welt Am Draht
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February 06, 2018, 04:15:39 AM |
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Real despair overshoots the mean. So that puts us at what, about $3,000?
I wouldnae be surprised with lower. Right now anything feels possible. But it won't be this fast. That feels too convenient to me and right now Bitcoin's customer service sucks clinkers. |
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Searing
Copper Member
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Clueless!
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February 06, 2018, 04:16:36 AM |
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But the last year BTC chart looks almost exactly like the doom/gloom bubble chart below we are all familiar with... (click on 1 year BTC link below and compare)
Much as I'm utterly bored of that chart, the parallels are there. Looks like we're shortly to enter despair. It's pretty mind boggling how repetitive these moves are, or perhaps it isn't. It's human psychology that shapes these things and that doesn't change. Real despair overshoots the mean. So that puts us at what, about $3,000? that is my fear....or if you go by the old bubble chart of despair....that would be the bottom...more or less..... so much for BTC being a store of value....maybe it will bounce back some..but who wants a store of value yo/yo that gives you a heart attack every 4 months  |
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Searing
Copper Member
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Clueless!
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February 06, 2018, 04:17:23 AM |
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Marcus is coming to terms with the fact that the Blockstream/Core narrative is collapsing. He's realizing that Bitcoin cannot succeed as only a "store of value" TM or as muh "digital gold" TM on its own -- instead, it needs to be used. He's invested a lot into attacking people like me who have been doing the scalability research to grow bitcoin into a world-wide electronic cash system. He sees his narrative coming unglued and so he lashes out. Marcus: have you noticed that the engineers of Blockstream are leaving? Check out the latest Coindesk articles. Bitcoin will succeed, and it will succeed as a global e-cash system that is as useful to people making $2 per day as it is to people making $2,000 per day. The Blockstream/Core "settlement layer" will end with this crash. LOL Your stuff is less than a thou now, will probably approximate zero at some point. Your buddy jihan would have to charge infinite number of bch for his hardware he he. Who cares about bch when you have the same block time. Basically, nobody or close to it. Bitmain made 2.3 billion last year..I don't think he has it all in BCH and will be hurt in any way.....sad though I find that to be... |
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gentlemand
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Welt Am Draht
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February 06, 2018, 04:17:27 AM |
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that is my fear....or if you go by the old bubble chart of despair....that would be the bottom...more or less..... so much for BTC being a store of value....maybe it will bounce back some..but who wants a store of value yo/yo that gives you a heart attack every 4 months Real store of value is decades away still. Anyone who bought that line is a gold plated tosspot. I love the principle and it makes sense due to BTC's qualities, but it's being constantly shat on by human nature. |
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RoomBot
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Activity: 2212
Merit: 1120
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ALL IN ALL WE'RE JUST ANOTHER BRICK
IN
THE
WALL.
I suggest we look a bit to the future a bit more.
Visualize HODLing 'til 2020 Halvening.
Just visualize it.
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PoolMinor
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XXXVII Fnord is toast without bread
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February 06, 2018, 04:19:21 AM |
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Bitcoin....Bitcoin......he's our man.....if he can't do it.....no one can!!!!  |
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Searing
Copper Member
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Merit: 1442
Clueless!
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February 06, 2018, 04:20:22 AM |
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that is my fear....or if you go by the old bubble chart of despair....that would be the bottom...more or less..... so much for BTC being a store of value....maybe it will bounce back some..but who wants a store of value yo/yo that gives you a heart attack every 4 months Real store of value is decades away still. Anyone who bought that line is a gold plated tosspot. yep, that was me...or I would have sold at the top  Either that or I thought 21 million BTC with 80% made ...meant something... so what is our hope now....this was all a play by whales and FUD to drive the price down to get the cheap coin and a rebound? would settle for such a hall of supervillains plan if it got the price of BTC back over 9k USD (I'm sooooo shallow) |
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Elwar
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Viva Ut Vivas
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February 06, 2018, 04:20:30 AM |
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This message came from darkwebforum. Dont know but its possible:
From the 15th January’ 2018, there have been rumors from forums in the dark web about a possibility of a slump, down to $6000 by February 1st week before prices return to the original consolidation stage at $14K by March 2nd week.
On January 5th, when Bitcoin prices were at $17,000, at a dark web forum which can be accessed through any anonymous browser (like Tor), a forum member by the name Cyberjourno, says: “Guys, there are big players in play, big institutional players who want to bring the price down to $7000, I know it seems impossible now but these guys handle the media and know how to control the market. For the coming couple of months, guys, stay safe, don’t be scared. Brace for FUD FUD FUD!”
On Jan 5th there were two other comments on multiple forums in the Russian and South Korean social sites that suggested a bigger market manipulation in play. Interpreted and translated versions of the comments read: “Waiting for US, South Korea, Indian and Thai markets to break negative stories by February, prices to stoop back to $5000. Big market players waiting to invest millions in Bitcoin and smaller crypto counterparts. It’s easy to guess, find the common corporate entity that controls media houses in these countries. Make your connection”
I know the Thai markets very well. They have very very little influence on bitcoin prices. I have considered moving one of my cold storage wallets to one of the Thai exchanges to move the price so one of my gf's orders would go through. It would be very easy. We got kicked off their main exchange because we deposited more money than their commercial account could handle in one day. If a Thai media corporation wanted lower prices they would just drop a couple hundred thousand worth of BTC on it and push the price down. Looking at the main exchange there are only about 5 BTC from here to $20k. |
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TeeBone
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February 06, 2018, 04:22:26 AM |
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Ok kids, put ur rockets away and bring out crashing train pics.
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gentlemand
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Activity: 2590
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Welt Am Draht
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February 06, 2018, 04:22:45 AM |
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so what is our hope now....this was all a play by whales and FUD to drive the price down to get the cheap coin and a rebound?
Just another bubble. There'll be another one along in a few months or years and it starts again. And no one will have learned anything new. |
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Searing
Copper Member
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Merit: 1442
Clueless!
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February 06, 2018, 04:23:08 AM |
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ALL IN ALL WE'RE JUST ANOTHER BRICK
IN
THE
WALL.
I suggest we look a bit to the future a bit more.
Visualize HODLing 'til 2020 Halvening.
Just visualize it.
don't have to visualize it ...I"m stuck..stubborn and drank the 2013 BTC kool-aid...I'm like a street person in Beverly Hills..sure it looks dire..but damn, I'm in Beverly Hills ..sheesh... pay attention)  I'll see you there.....boom or bust... so what is our hope now....this was all a play by whales and FUD to drive the price down to get the cheap coin and a rebound?
Just another bubble. There'll be another one along in a few months or years and it starts again. And no one will have learned anything new. Taunting me with hope..that everyone is as clueless as I am....indeed...do you think I am that gullible? you are right...I am..that gullible and will now snatch at straws.......I'LL TAKE THAT AS A POSITIVE TREND YOUR ABOVE POST...AND RUN WITH IT...(I have little else......probably should at least get a cat) |
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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February 06, 2018, 04:24:00 AM |
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Where can I read the latest bitcoin orbituary.
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bitserve
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Activity: 1666
Merit: 1350
Self made HODLER ✓
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February 06, 2018, 04:24:12 AM |
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500 BTC buy wall at Bitstamp @ 6150 that started to get bitten and was pulled.
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RoomBot
Legendary
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Activity: 2212
Merit: 1120
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February 06, 2018, 04:25:40 AM |
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ALL IN ALL WE'RE JUST ANOTHER BRICK
IN
THE
WALL.
I suggest we look a bit to the future a bit more.
Visualize HODLing 'til 2020 Halvening.
Just visualize it.
don't have to visualize it ...I"m stuck..stubborn and drank the 2013 BTC kool-aid...I'm like a street person in Beverly Hills..sure it looks dire..but damn, I'm in Beverly Hills ..sheesh... pay attention) I'll see you there.....boom or bust... I'll be there! Although by then I expect to be upgraded to a Commodore. 64. What will I do with all 8 bits?? |
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TeeBone
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February 06, 2018, 04:27:00 AM |
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78.6% retracement of entire bubble is 4.3K, for u traders out there.
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egyptian magician
Jr. Member
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Activity: 49
Merit: 2
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February 06, 2018, 04:27:32 AM |
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that is my fear....or if you go by the old bubble chart of despair....that would be the bottom...more or less..... so much for BTC being a store of value....maybe it will bounce back some..but who wants a store of value yo/yo that gives you a heart attack every 4 months Real store of value is decades away still. Anyone who bought that line is a gold plated tosspot. I love the principle and it makes sense due to BTC's qualities, but it's being constantly shat on by human nature. We haven't even mined the last block yet! That's still at least 100 years away. Maybe by that point it will become reasonably stable, or at least on a similar level with gold. So I agree, everyone who believes Bitcoin is a "store of value" is bullshitting themselves, just like the people who think we're on the verge of "changing the world". I'm not saying that there aren't revolutionary qualities about Bitcoin, but at least for now, 99% of this market is about investors trying to make easy money. |
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JayJuanGee
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Activity: 3500
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ESG, KYC & AML are attack vectors on Bitcoin
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February 06, 2018, 04:31:40 AM |
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Doesn't anyone here have a life?
Not when their lambo dreams are even futher delayed   With all due respect, we lost our imaginary Lambos weeks ago.  But Bob's still got his new Porsche. And the old one, it sounds like. Seems like best bet is to skip the imaginary ones, and get a real one. They last longer! EXACTAmente. The best way to get rich, is to start out rich. hahahahaha |
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