podyx
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Activity: 2338
Merit: 1035
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January 04, 2015, 05:39:20 PM |
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https://www.tradingview.com/v/Dx9hLqQ1/This is suggesting that ~$235-240 will be the bottom and a price of $5k to look forward to in just a few months Can you imagine that?... doesn't seem very realistic at this point
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 04, 2015, 05:40:09 PM |
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So you perma-bulls are saying that since BTC price crashed but recovered in the past when it was worth nothing and a lot less new fiat coming in was necessary to pump the price that means every crash today is just a bear trap?
Even after one year of bear market (never happened before) even after seeing prices reaching a low that was not seen since 2013 even after having broke the previous bubble high (never happened before) even after having broke a multi-year support trend line (never happened before)?
So even if we reach half a dollar nobody needs to worry because the moon is around the corner? Nice mental trap you have set in for yourselves.
Yes it is terrible. I will reach my bitcoin target for 2015 in the first two weeks. Please continue shorting it lower. |
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Wandererfromthenorth
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January 04, 2015, 05:40:52 PM |
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Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.
Still 1/4 of the USD worth of longs... Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)? Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze? |
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NotLambchop
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January 04, 2015, 05:40:59 PM |
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it is always the same. i am so deeply sucked into bitcoin (very delusional perma bull i guess) that whenever we go over a cliff like today i think: "thaaaat´s it, finally. i will get out. i cannot take this anymore." of course i can´t sell right into the panic, so i promise myself i will sell them all once it has bounced back to a level that once looked so boring (but now looks so shiny). but when it climbs back up, i keep forgetting my despair and then - of course i never never sell once it has reached more comfortable levels. i know this and i still cannot escape. hope seems to be stronger than fear. it feels fucking bad to lose money. but in my case it seems to feel 10 times worse to lose btc. i will end up with lots of worthless btc i guess.  You join BA (Bitcoiners Anonymous). Twelve-step programs are the only way to beat such problems, and you've already made the first step  |
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ShroomsKit
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January 04, 2015, 05:41:39 PM |
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So you perma-bulls are saying that since BTC price crashed but recovered in the past when it was worth nothing and a lot less new fiat coming in was necessary to pump the price that means every crash today is just a bear trap?
Even after one year of bear market (never happened before) even after seeing prices reaching a low that was not seen since 2013 even after having broke the previous bubble high (never happened before) even after having broke a multi-year support trend line (never happened before)?
So even if we reach half a dollar nobody needs to worry because the moon is around the corner? Nice mental trap you have set in for yourselves.
Yes it is terrible. I will reach my bitcoin target for 2015 in the first two weeks. Please continue shorting it lower. And after that it will magically go up and make you rich. |
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JimboToronto
Legendary
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Activity: 4046
Merit: 4584
You're never too old to think young.
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January 04, 2015, 05:42:23 PM |
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...one year of bear market (never happened before)...
June 2011 to February 2013 was less than a year? |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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January 04, 2015, 05:43:12 PM |
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Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.
I hope you are right, I'd love to short the top of a ginormous DCB.  |
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NotLambchop
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January 04, 2015, 05:43:28 PM |
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... Retest 300 soon.
Lol, how a couple of days change the meaning of "retest" |
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Wandererfromthenorth
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January 04, 2015, 05:44:40 PM |
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...one year of bear market (never happened before)...
June 2011 to February 2013 was less than a year? The bear market lasted from June 2011 to November 2011. 6 months. Then there was the reversal. The bull market started in November. |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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January 04, 2015, 05:45:13 PM |
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...one year of bear market (never happened before)...
June 2011 to February 2013 was less than a year? June 2011 to November 2011, that was the bear market. The rest until 2013 was a slow bull market, until Markus stepped in. PS. I can't believe this! You beat me by a second. |
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Divitiae miserae
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January 04, 2015, 05:46:43 PM |
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Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.
Still 1/4 of the USD worth of longs... Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)? Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze? I'd be happily using bitcoin as a medium of exchange but it's losing value so quick that, unless transactions happen in the order of minutes at most, it dissipates any possible benefit or usefulness even for that. |
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shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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January 04, 2015, 05:47:17 PM |
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I have a very active imagination. Perhaps that's why I got into this in the first place  I can imagine a world where people are free from oppressive capital controls and where truly free markets can exist. Maybe it's all a fantasy, but I prefer that fantasy over the increasing centralization of power and control that is happening all around us. |
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ShroomsKit
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January 04, 2015, 05:49:08 PM |
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After 6 years Bitcoin is still as primitive and hard to use as day 1. 100's of millions are put into it and we can't even make it look more simple (like a paypal system for instance). People don't like it and don't to use it. That is the reality. It failed. It's that simple. Once the traders are done raping it it will be over. A new and better system will take over.
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maranello1561
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January 04, 2015, 05:50:00 PM |
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Serious question:
What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?
Depends on how many people use it and the average dollar value of their purchases. Balmer couldnt have bought the LA Clippers in bitcoins because there just aint enough of it to cover his $2B purchase. Moreover the moron selling it couldnt have easily converted it to fiat to pay off his daily dose of whoring |
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maranello1561
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January 04, 2015, 05:51:39 PM |
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After 6 years Bitcoin is still as primitive and hard to use as day 1. 100's of millions are put into it and we can't even make it look more simple (like a paypal system for instance). People don't like it and don't to use it. That is the reality. It failed. It's that simple. Once the traders are done raping it it will be over. A new and better system will take over.
Yeah though I'm a long term believer in bitcoin, I think Bitcoin has to die first to get reborn from the ashes of the old and fallen. |
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NotLambchop
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January 04, 2015, 05:51:44 PM |
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... I have a very active imagination. Perhaps that's why I got into this in the first place I can imagine a world where people are free from oppressive capital controls and where truly free markets can exist. Maybe it's all a fantasy, but I prefer that fantasy over the increasing centralization of power and control that is happening all around us.  |
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shanecoins
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January 04, 2015, 05:51:50 PM |
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After 6 years Bitcoin is still as primitive and hard to use as day 1. 100's of millions are put into it and we can't even make it look more simple (like a paypal system for instance). People don't like it and don't to use it. That is the reality. It failed. It's that simple. Once the traders are done raping it it will be over. A new and better system will take over.
not sure why your here......CIA perhaps ? |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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January 04, 2015, 05:52:39 PM |
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Serious question:
What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?
Depends on how many people use it and the average dollar value of their purchases. that was the only approximately legit reply so far |
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GreekBitcoin
Legendary
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Activity: 1428
Merit: 1001
getmonero.org
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January 04, 2015, 05:53:08 PM |
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does anyone else experience this 'gray rectangle' problem?  it occurs only in this thread as far as I can tell. looks like some chrome bug in relation to images. I have a similar problem but the grey part is at the bottom instead of to the right. I use Fedora on Linux, but the problem only occurs in this forum. The bug appared when the forum started using an image service (imgur) to store and "sanitize" images. It may have to do with the size of the file and the speed of the internet connection to the source where the image is uploaded from; basically there is an insufficient timeout somewhere along that path, and the file gets truncated. Reducing the image size usually helps. Try saving as JPEG format with quality 80 or less; it may get a bit fuzzy, but then you can wrap it in a link to the full version. It is rumoured than, when the bitcoin price will reach 10'000 USD, the admins will be able to afford to hire a teenage programmer to fix this bug (and re-enable the uploading of avatars). IT'S A LINUX BUG, mr Stolfi Linux bug planted by the NSA  More specifically a Chrome on Linux OS bug, no sign of it on Windows. It's also not just missing parts of the image, it's also blocking text content and they move. But only bitcoiners experience this problem. Oh, and trolls. Easy fix is to ignore NotLambchop. EDIT: Hmmm, now I'm having doubts, perhaps it's only a Chrome bug and I just didn't experience it anymore because I ignored NotLambchop. Either way there's an easy fix. I was experiencing this too some weeks ago. Now i dont. Chrome on Ubuntu btw... |
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