Miz4r
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June 13, 2013, 10:46:25 AM |
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Nope. Mr. Manip only strikes twice in a row. The third time would be otherwise too easily predictable  I expect next wash-rinse-repeat cycle from him in no less than 6 weeks - like when the memories of his distinctive pattern will have faded enough.  Kinda with you on that ... I will be surprised to see the a big Sunday dump this week and am expecting him to stay away a while But then again, Bitcoin does like surprises ... hmmm <scrathces chin thoughtfully> It will take one pre-emptive dumper to trigger hell  Bitcoin can go any way at this point; The oppostite is also true, One big buyer can trigger an uptrend now. If you've observed the market the past couple of weeks it's obvious that buyers are being more cautious than sellers. A big sell can more easily trigger a downtrend than a big buy can trigger an uptrend under the current market conditions. Only below 100 I can see more buyer confidence and that's why we've never stayed in double digits for very long since the crash. |
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10c
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Activity: 658
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BuyAnyLight - Blockchain LED Marketplace
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June 13, 2013, 10:48:55 AM |
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If you've observed the market the past couple of weeks it's obvious that buyers are being more cautious than sellers. A big sell can more easily trigger a downtrend than a big buy can trigger an uptrend under the current market conditions. Only below 100 I can see more buyer confidence and that's why we've never stayed in double digits for very long since the crash.
This is a good point. Thats why I think we will be (manipulated) up on low volume and then drop |
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sarc
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June 13, 2013, 10:50:13 AM |
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2 month volume chart:  nothing to see here. |
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stuckprocess
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June 13, 2013, 10:53:18 AM |
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ChartBuddy
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Activity: 2212
Merit: 1779
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June 13, 2013, 11:00:39 AM |
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10c
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Activity: 658
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BuyAnyLight - Blockchain LED Marketplace
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June 13, 2013, 11:03:36 AM |
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Nope. Mr. Manip only strikes twice in a row. The third time would be otherwise too easily predictable I expect next wash-rinse-repeat cycle from him in no less than 6 weeks - like when the memories of his distinctive pattern will have faded enough. I tend to agree with you on this, except for the timeframe. I don't think it '6 weeks' but more based on support levels. 115-120 with support will trigger him again. This week will probably be slow; people waiting to see if it's 'dumping sunday' again |
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KS
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June 13, 2013, 11:08:44 AM |
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down, down, DOWN for now  |
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Rampion
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Merit: 1018
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June 13, 2013, 11:31:41 AM |
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Indeed. Hopefully people will realize that centralized currencies are sh*t. The only answer is Bitcoin. Oh boy, I'm really waiting for some agency/government to try to "ban" Bitcoin. But I guess they are not *that* stupid.  |
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lucas.sev
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June 13, 2013, 11:34:22 AM |
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Oh boy, I'm really waiting for some agency/government to try to "ban" Bitcoin. But I guess they are not *that* stupid. You realise that it will negatively affect price, at least in short term? |
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Rampion
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June 13, 2013, 11:38:57 AM |
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Oh boy, I'm really waiting for some agency/government to try to "ban" Bitcoin. But I guess they are not *that* stupid. You realise that it will negatively affect price, at least in short term? Probably short term. But not mid-term, or long-term. Everything illegal comes with a premium. Then, Bitcoin was designed to resist bans. Both the protocol and its creator analyzed a "government ban" situation and prepared for it (why do you think Satoshi is a pseudonym, he always used Tor, and never left traces of who he really was?). This experiment needs to be fully tested. I don't know if ay government is going to be so stupid to ban Bitcoin, but if they do they will make it stronger, because was designed with that it mind. Short term price is irrelevant in the grand scheme of things. Some of us are not here for the quick buck. |
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gizmoh
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June 13, 2013, 11:41:01 AM |
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Bullish! yea another Direct funding source for bitcoin likely to be cut off. No need to ban bitcoin,only bank wire remains. What happens if the banks decide Bitcoin is against AML laws and stops business with exchanges, we'l see how can price be sustained then. |
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lucas.sev
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June 13, 2013, 11:45:38 AM |
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Oh boy, I'm really waiting for some agency/government to try to "ban" Bitcoin. But I guess they are not *that* stupid. You realise that it will negatively affect price, at least in short term? Probably short term. But not mid-term, or long-term. Everything illegal comes with a premium. Then, Bitcoin was designed to resist bans. Both the protocol and its creator analyzed a "government ban" situation and prepared for it (why do you think Satoshi is a pseudonym, he always used Tor, and never left traces of who he really was?). This experiment needs to be fully tested. I don't know if ay government is going to be so stupid to ban Bitcoin, but if they do they will make it stronger, because was designed with that it mind. Short term price is irrelevant in the grand scheme of things. Some of us are not here for the quick buck. But we all know how much was bitcoin when it was used only for illegal purposes and not for speculation like today. I would like to hear your opinion on what will happen with bitcoin if it will be illegal to run a bitcoin exchange? Of course TOR-based exchanges could appear, but big money would be gone. |
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Rampion
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Activity: 1148
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June 13, 2013, 11:53:10 AM |
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Oh boy, I'm really waiting for some agency/government to try to "ban" Bitcoin. But I guess they are not *that* stupid. You realise that it will negatively affect price, at least in short term? Probably short term. But not mid-term, or long-term. Everything illegal comes with a premium. Then, Bitcoin was designed to resist bans. Both the protocol and its creator analyzed a "government ban" situation and prepared for it (why do you think Satoshi is a pseudonym, he always used Tor, and never left traces of who he really was?). This experiment needs to be fully tested. I don't know if ay government is going to be so stupid to ban Bitcoin, but if they do they will make it stronger, because was designed with that it mind. Short term price is irrelevant in the grand scheme of things. Some of us are not here for the quick buck. But we all know how much was bitcoin when it was used only for illegal purposes and not for speculation like today. I would like to hear your opinion on what will happen with bitcoin if it will be illegal to run a bitcoin exchange? Of course TOR-based exchanges could appear, but big money would be gone. First and foremost, a global ban is unlikely. The most likely scenario is that there would be countries where it would still be legal to run exchanges. And "big money" knows how "offshore banking" works - especially is this "big money" comes from dubious sources. I bet you know that there is a lot of "big money" (or better, HUGE money) in counterfeit pharmaceutical drugs, prostitution, illegal weapons traffic, drugs, etc. Secondly, Dread Pirate Roberts (SR operator) is a visionary. But new generations of "criminals" will join the pack as soon as they understand BTC. If BTC is banned, they would be even more attracted by it. "Criminal activity" (or black market) is a 1,829 billion per year market. If only a small % of that economic activity goes to BTC the price will skyrocket, and as I said earlier: everything illegal comes with a premium. Bitcoin has the potential to be HUGE regardless of the official position of Governements. |
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TheKoziTwo
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Activity: 1552
Merit: 1047
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June 13, 2013, 11:55:35 AM |
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Bullish! yea another Direct funding source for bitcoin likely to be cut off. No need to ban bitcoin,only bank wire remains. What happens if the banks decide Bitcoin is against AML laws and stops business with exchanges, we'l see how can price be sustained then. Ultimately, we're going to be prepared to go this route anyways. I don't see how this anonymous taxhaven / money laundering paradise can continue to operate uninterrupted like it is today. We will need p2p exchanges to take over where there is no big, centralized point of failure. The end goal would be mass adoption to the scale where in and out exchange is no longer necessary because everyone accepts bitcoin. Anyhow, I think there will continue to be exchanges in obscure countries, for a long time to come. |
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ShroomsKit
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June 13, 2013, 11:57:13 AM |
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Oh boy, I'm really waiting for some agency/government to try to "ban" Bitcoin. But I guess they are not *that* stupid. You realise that it will negatively affect price, at least in short term? Probably short term. But not mid-term, or long-term. Everything illegal comes with a premium. Then, Bitcoin was designed to resist bans. Both the protocol and its creator analyzed a "government ban" situation and prepared for it (why do you think Satoshi is a pseudonym, he always used Tor, and never left traces of who he really was?). This experiment needs to be fully tested. I don't know if ay government is going to be so stupid to ban Bitcoin, but if they do they will make it stronger, because was designed with that it mind. Short term price is irrelevant in the grand scheme of things. Some of us are not here for the quick buck. But we all know how much was bitcoin when it was used only for illegal purposes and not for speculation like today. I would like to hear your opinion on what will happen with bitcoin if it will be illegal to run a bitcoin exchange? Of course TOR-based exchanges could appear, but big money would be gone. He and some other people here think it is impossible to stop Bitcoin and nothing can hurt it. As soon as the banks aren't allowed to deal with Bitcoin anymore then it's game over. There will be nothing else left besides in person trading which 90% of the people won't do. The funny thing is he will probably still act as if it's a good thing and buy 1000's of coins worth 10 cent each while telling everyone here that nothing can take Bitcoin down. |
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lucas.sev
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June 13, 2013, 11:57:24 AM |
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But we all know how much was bitcoin when it was used only for illegal purposes and not for speculation like today. I would like to hear your opinion on what will happen with bitcoin if it will be illegal to run a bitcoin exchange? Of course TOR-based exchanges could appear, but big money would be gone.
First and foremost, a global ban is unlikely. The most likely scenario is that there would be countries where it would still be legal to run exchanges. And "big money" knows how "offshore banking" works - especially is this "big money" comes from dubious sources. I bet you know that there is a lot of "big money" (or better, HUGE money) in counterfeit pharmaceutical drugs, prostitution, illegal weapons traffic, drugs, etc. Secondly, Dread Pirate Roberts (SR operator) is a visionary. But new generations of "criminals" will join the pack as soon as they understand BTC. If BTC is banned, they would be even more attracted by it. "Criminal activity" (or black market) is a 1,829 billion per year market. If only a small % of that economic activity goes to BTC the price will skyrocket, and as I said earlier: everything illegal comes with a premium. Bitcoin has the potential to be HUGE regardless of the official position of Governements. I always thought that bright future of Bitcoin that we look forward to is not being a currency used by criminal big money, and when somebody mentions big money they mean investors, not human trafficing and weapons. But yeah, I'm fine with that as long as price goes up. |
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ChartBuddy
Legendary
Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 13, 2013, 12:00:45 PM |
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ShroomsKit
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June 13, 2013, 12:02:34 PM |
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He is looking forward to the government to fight it.
I'm looking forward to the government to accept it and regulate it.
I like my coins to be worth something in the future and be usable.
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ShroomsKit
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June 13, 2013, 12:04:13 PM |
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But we all know how much was bitcoin when it was used only for illegal purposes and not for speculation like today. I would like to hear your opinion on what will happen with bitcoin if it will be illegal to run a bitcoin exchange? Of course TOR-based exchanges could appear, but big money would be gone.
First and foremost, a global ban is unlikely. The most likely scenario is that there would be countries where it would still be legal to run exchanges. And "big money" knows how "offshore banking" works - especially is this "big money" comes from dubious sources. I bet you know that there is a lot of "big money" (or better, HUGE money) in counterfeit pharmaceutical drugs, prostitution, illegal weapons traffic, drugs, etc. Secondly, Dread Pirate Roberts (SR operator) is a visionary. But new generations of "criminals" will join the pack as soon as they understand BTC. If BTC is banned, they would be even more attracted by it. "Criminal activity" (or black market) is a 1,829 billion per year market. If only a small % of that economic activity goes to BTC the price will skyrocket, and as I said earlier: everything illegal comes with a premium. Bitcoin has the potential to be HUGE regardless of the official position of Governements. I always thought that bright future of Bitcoin that we look forward to is not being a currency used by criminal big money, and when somebody mentions big money they mean investors, not human trafficing and weapons. But yeah, I'm fine with that as long as price goes up. He has an other, kinda ridiculous future in mind. No idea why. But he is free to do so  |
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