BrewMaster
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Activity: 2114
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There is trouble abrewing
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February 15, 2017, 02:14:10 PM |
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Nobody is going to pump Bitcoin while the PBOC still needs to regulate the remaining exchanges.
The price might stay flat for weeks if not months, when the ETF's are disapproved in combination with PBOC regulations Bitcoin is going down for the short-term a $50-$200 max.
i strongly disagree with calling bitcoin price rise a "pump" but i agree with price staying flat for a while probably 1 or 2 weeks but again i disagree with your drop size. there is no way price can go down $200 unless we see something horrible. |
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abercrombie
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Activity: 1159
Merit: 1001
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February 15, 2017, 02:17:56 PM |
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are we rich yet??   |
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r0ach
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Merit: 1000
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February 15, 2017, 02:26:22 PM
Last edit: February 15, 2017, 03:52:38 PM by r0ach |
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Bitcoin price appreciation is not a result of some pump. It is result from organic demand by thousands new users entering Bitcoin every day. They don't care about PBOC or other CBs chaotic behavior.
I honestly do not believe this is true at all. For one thing, the altcoin market tends to be a good canary in the coalmine. If there's a flood of new interest in bitcoin, there's typically a flood of new activity in altcoins as well. The alt markets are currently imploding with volume going down to nothing, so it sure doesn't seem like there's a flood of new people in bitcoin. The price of bitcoin is also a lot higher, so small guys who want to purchase one bitcoin could have done so when it was $200-400, but it takes a pretty large leap of faith to buy one when the price is $1000. If anyone is moving the price of bitcoin around, it's the usual suspects of Chinese mining cartel, Digital Currency Group, Pantera Capital, Winklevoss, fraudulent exchanges, etc. One thing that's a giant red flag to me is that ever since Bitfinex goxed, the western price is still determined by that insolvent, scammy exchange with all the big moves occurring there and not places like Bitstamp. There's no market maker on earth who is going to risk his funds at an insolvent exchange like that, yet with Finex being the market maker, this tells me the people running these fraudulent exchanges might be the main people moving price. Finex has a great history of walls going plus or minus 4000ish coins at random from a single entity in the past and as of very recently. Would you store $4 million on Bitfinex post Finex goxing? I sure as hell wouldn't. It's probably the exchange owner/employees themselves. Here was Finex's walls right after they came online after they goxed everyone. The sell side is clearly all from one single entity (around ~3600 coins), likely from the exchange owners since nobody on earth is gonna keep all those coins stored there right after they stole everyone's money:  Nothing ever changes. Karpeles controlled the Bitcoin price then he passed the baton onto another exchange owner. |
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jackjack
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Activity: 1176
Merit: 1233
May Bitcoin be touched by his Noodly Appendage
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February 15, 2017, 03:10:40 PM |
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Bitcoin price appreciation is not a result of some pump. It is result from organic demand by thousands new users entering Bitcoin every day. They don't care about PBOC or other CBs chaotic behavior.
I honestly do not believe this is true at all. For one thing, the altcoin market tends to be a good canary in the coalmine. If there's a flood of new interest in bitcoin, there's typically a flood of new activity in altcoins as well. The alt markets are currently imploding with volume going down to nothing, so it sure doesn't seem like there's a flood of new people in bitcoin. The price of bitcoin is also a lot higher, so small guys who want to purchase one bitcoin could have done so when it was $200-400, but it takes a pretty large leap of faith to buy one when the price is $1000. If anyone is moving the price of bitcoin around, it's the usual suspects of Chinese mining cartel, Digital Currency Group, Pantera Capital, Winklevoss, fraudulent exchanges, etc. One thing that's a giant red flag to me is that ever since Bitfinex goxed, the western price is still determined by that insolvent, scammy exchange with all the big moves occurring there and not places like Bitstamp. There's no market maker on earth who is going to risk his funds at an insolvent exchange like that, yet with Finex being the market maker, this tells me the people running these fraudulent exchanges might be the main people moving price. Finex has a great history of walls going plus or minus 4000ish coins at random from a single entity in the past and as of very recently. Would you store $4 million on Bitfinex post Finex goxing? I sure as hell wouldn't. It's probably the exchange owner/employees themselves. Here was Finex's walls right after they came online after they goxed everyone. The sell side is clearly all from one single entity (around ~3600 coins), likely from the exchange owners since nobody on earth is gonna keep all those coins stored there right after they stole everyone's money: Nothing ever changes. Karpeles controlled the Bitcoin price, then he passed the baton onto another exchange owner.Not scary at all |
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r0ach
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Activity: 1260
Merit: 1000
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February 15, 2017, 03:46:18 PM |
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Not scary at all
Not quite as scary as Larry Summers (Jew) wanting to ban cash to help further enslave the goyim while also promoting Bitcoin/"blockchain" and being involved in Digital Currency Group.  |
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jbreher
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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February 15, 2017, 04:26:27 PM |
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Sell low, buy high
It's also my motto, so far so good
The funny thing is it is a winning strategy, as long as you are hodling at the point the rocket takes off. |
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jbreher
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lose: unfind ... loose: untight
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February 15, 2017, 04:29:23 PM |
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Bitcoin price appreciation is ... result from organic demand by thousands new users entering Bitcoin every day.
As much as I would like to believe your claim, I find it extremely unlikely that thousands are joining every day. Source? |
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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February 15, 2017, 04:40:55 PM |
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Unhhh.... weeelll...... ooohh kaaaaay than. I guess I'll just stand quietly in that corner over there. |
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gentlemand
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Activity: 2590
Merit: 3008
Welt Am Draht
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February 15, 2017, 04:53:53 PM |
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Weird. I wonder who they are and what inspired them to pile in at such a rate, if it's in any way a real stat. That's the type of figure you'd expect at the tail end of a bubble. |
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gembitz
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February 15, 2017, 05:01:28 PM |
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Weird. I wonder who they are and what inspired them to pile in at such a rate, if it's in any way a real stat. That's the type of figure you'd expect at the tail end of a bubble. GOGO AMERICANS ===>> BTCitfinex @ $1011+ *pumping Gavin Andresen television commercials #Vice bitcoin reality show inkomingggg :-D |
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Chef Ramsay
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Merit: 1001
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February 15, 2017, 05:04:06 PM |
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Weird. I wonder who they are and what inspired them to pile in at such a rate, if it's in any way a real stat. That's the type of figure you'd expect at the tail end of a bubble. Anecdotally, a few weeks ago I had reminded a coworker of mine about the BTC price (told him about it for well over a year) as well as the historically low LTC/BTC price w/ a potential segwit on the way and told him how to link up w/ Coinbase. By the next day, he'd bought .6 BTC and w/i the next week, he bought some ETH since it's the only other thing you can buy there - and it's just way cheaper. He's of Syrian descent here in the US. |
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maker88
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February 15, 2017, 05:46:23 PM |
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Calm before the storm... Position yourself accordingly.
That phrase was thrown around a great deal in 2014/15. It was usually a good signal for another few weeks of absolute nothing. However this time around there are many more interesting factors brewing. considering selling at current price (makes decent profit) and putting in a stop order to buy back in case price rises above 1015... I figure if it breaks through that it will keep on going for a while. Smart of dumbest idea ever? Worried about a big drop when I'm not paying attention... I don't think 1015 is a good level, we've hit that a few times, I think 1020-1030 is better for a real breakout to become highly likely. |
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maker88
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February 15, 2017, 05:47:54 PM |
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Unhhh.... weeelll...... ooohh kaaaaay than. I guess I'll just stand quietly in that corner over there. Lol what a perfect response  you're the man |
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bitcoinvest
Legendary
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Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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February 15, 2017, 06:01:02 PM |
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every day i spend significant amount of time on the forum and the news of bitcoin and of course on the exchanges.. the last period is something can't understand... or there is a steady unload here happening or the game is different... i can't also recall so "big" sale orders constant happening....
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JimboToronto
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Activity: 3976
Merit: 4415
You're never too old to think young.
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February 15, 2017, 06:50:36 PM |
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A very late good morning Bitcoinland.
14 consecutive days over $1000... currently $1006USD (Bitcoinaverage) and flat as a pancake.
Tumblin' tumbleweeds. We're all waiting.
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abercrombie
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Activity: 1159
Merit: 1001
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February 15, 2017, 07:21:01 PM |
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are we rich yet??  |
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JayJuanGee
Legendary
 Online
Activity: 3682
Merit: 10127
Self-Custody is a right. Say no to"Non-custodial"
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February 15, 2017, 07:25:05 PM |
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Weird. I wonder who they are and what inspired them to pile in at such a rate, if it's in any way a real stat. That's the type of figure you'd expect at the tail end of a bubble. Some of those could be migrants from Circle too... . in other words, some folks who were already in bitcoin, and they are just getting a new account because the old one no longer allows them to buy and sell bitcoins. |
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Aviator019
Newbie
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Activity: 32
Merit: 0
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February 15, 2017, 07:55:53 PM |
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A very late good morning Bitcoinland.
14 consecutive days over $1000... currently $1006USD (Bitcoinaverage) and flat as a pancake.
Tumblin' tumbleweeds. We're all waiting.
https://youtu.be/bSQ0psC1N54 |
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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February 15, 2017, 08:31:52 PM |
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Unhhh.... weeelll...... ooohh kaaaaay than. I guess I'll just stand quietly in that corner over there. Lol what a perfect response you're the man Hear that world!? I'm the MAN! oops - not quiet - Ill just go back to my corner now.... |
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