Dalib
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Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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July 03, 2013, 06:04:22 PM |
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Yet it really seems that 81.87 will be possible bottom at this moment. But for how long? Again, just a few hours?
Exactly, if it is a "floor" with no buys coming through then I am not impressed. It seems like just another silence before the storm. But again, we are on levels where we could bounce violently. But I don't feel like gambling... I think the buy it now is really like roulette. Unfortunately, the chances of gain less than the potential loss. I do not believe for a quick return of $ 90 (more than $ 7). And if we fall it will take a few more weeks, the bottom maybe 25 - $ 50 below the current price. Personally, suppose two options continuation of the trend: 1. fast "Crash" as in 2011 with 30 - 50 $ bottom. 2. "Correction" above SMA 200 (about $ 70) and above $ 50 minimum from April |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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MAbtc
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July 03, 2013, 06:07:02 PM |
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In the mean time, I know most of you are in fiat right now so it is in your interest for me to sell my hoard.
Are people serious when they say this sort of stuff? Why not? If I sell, the price comes down more. If their message affects more people, it keeps bringing down the price. Something something butterfly effect. Everyone wants to buy in at the bottom. This is just another rationalization. Helps that cognitive dissonance in a falling market. When bulls start threads about bitcoin reaching $10k in the middle of a downtrend, I don't worry about it too much either.  I suppose maybe everyone here is trying to hose the noobs. Then again, I can't imagine the speculation forum has any effect on the market. I mean, are you some kind of whale? Who do you think you are, Jaroslaw? I would hope market makers in a market that is easily manipulated have better things to do than lurk on forums. All the people that have been talking bear market since April/May -- and were correct -- they could have saved you a lot of money. The "you're trying to buy cheap coins!" argument only works if we're at the bottom. As the down channel continues, now into months and not weeks, it gets harder and harder to make. If I've had any motive other than boredom, it has only been to offset the perma-bulls. I have no coins to sell, and as soon as my bids fill, I am looking to exit..... |
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 03, 2013, 06:11:02 PM |
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Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
And...
It is a currency according to FinCEN.... so...
The Federal Reserve is within its charter to manipulate it, and with a tiny fraction of one day's money creation, put the price wherever it wants, 50, 5, 500, 50,000. Whatever suits them, at will, whenever they like. And they can do it with their reserve banking partners, with as many billions of fiat as they need.
Enter the leviathan, whales beware.
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Frozenlock
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July 03, 2013, 06:13:27 PM |
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Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
Ok, say I want to short more than 1k BTC, where do I go? |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 03, 2013, 06:13:59 PM |
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I bought late last night, and now i wake up to cheaper coins!  yup going to buy some more! I love down trends |
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gandhibt
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July 03, 2013, 06:16:31 PM |
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Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
And...
It is a currency according to FinCEN.... so...
The Federal Reserve is within its charter to manipulate it, and with a tiny fraction of one day's money creation, put the price wherever it wants, 50, 5, 500, 50,000. Whatever suits them, at will, whenever they like. And they can do it with their reserve banking partners, with as many billions of fiat as they need.
Enter the leviathan, whales beware.
Any facts to back up your bullshit? If they buy the price to $50000 I think I'll be maybe selling... |
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 03, 2013, 06:17:22 PM |
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Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
Ok, say I want to short more than 1k BTC, where do I go? Today you can go to http://bitcoinfund.eu/ Account minimum is US$1Mil, though they are reputedly lowering it for Bitcoin only accounts. |
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Dalib
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Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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July 03, 2013, 06:17:27 PM |
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I bought late last night, and now i wake up to cheaper coins! yup going to buy some more! I love down trends I call it optimism |
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fr33d0miz3r
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July 03, 2013, 06:18:39 PM |
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I bought late last night, and now i wake up to cheaper coins! yup going to buy some more! I love down trends We are going down to $180? |
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Jozzaboy
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Activity: 98
Merit: 10
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July 03, 2013, 06:20:07 PM |
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I bought late last night, and now i wake up to cheaper coins! yup going to buy some more! I love down trends We are going down to $180? Adam, how many business days?? |
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Frozenlock
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July 03, 2013, 06:20:29 PM |
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Today you can go to http://bitcoinfund.eu/ Account minimum is US$1Mil, though they are reputedly lowering it for Bitcoin only accounts. I see how I can buy, not how I can short... |
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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July 03, 2013, 06:20:48 PM |
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.. by the way, I love how your picture is so perfectly in tune with your forum personality.  Shit... that is a picture of me on Galveston beach. What exactly are you trying to say here chief??  Reminds me vaguely of this:  |
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 03, 2013, 06:21:27 PM |
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Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
And...
It is a currency according to FinCEN.... so...
The Federal Reserve is within its charter to manipulate it, and with a tiny fraction of one day's money creation, put the price wherever it wants, 50, 5, 500, 50,000. Whatever suits them, at will, whenever they like. And they can do it with their reserve banking partners, with as many billions of fiat as they need.
Enter the leviathan, whales beware.
Any facts to back up your bullshit? If they buy the price to $50000 I think I'll be maybe selling... More likely they will do what they did with gold. Though that was more expensive. They dumped about $28billion in a single block trade to break the market down, with an immediate loss of over $1B on the gap down in April. |
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Sitarow
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Activity: 1792
Merit: 1047
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July 03, 2013, 06:22:23 PM |
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Jozzaboy
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Activity: 98
Merit: 10
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July 03, 2013, 06:23:17 PM |
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.. by the way, I love how your picture is so perfectly in tune with your forum personality. Shit... that is a picture of me on Galveston beach. What exactly are you trying to say here chief?? Reminds me vaguely of this: Well, I recently bought a convertible with a supercharged V8 so yeah... no hair gel required when I can do 180 mph hahahaha |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 03, 2013, 06:25:31 PM |
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I bought late last night, and now i wake up to cheaper coins! yup going to buy some more! I love down trends We are going down to $180? yes! |
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 03, 2013, 06:27:56 PM |
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Today you can go to http://bitcoinfund.eu/ Account minimum is US$1Mil, though they are reputedly lowering it for Bitcoin only accounts. I see how I can buy, not how I can short... Account min was wrong above: Minimum Account size with EXANTE EUR 100,000. Minimum Bitcoin Fund transaction size EUR 10,000 If you want to short, call them up. Or you can do it the penny-ante way and borrow from coinlenders at a high rate. |
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dragony
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July 03, 2013, 06:30:00 PM |
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Big guys made some panic, now we go up. Best way to hedge against future falls of btc - ASICMINER-PT as always |
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Its About Sharing
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Activity: 1442
Merit: 1000
Antifragile
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July 03, 2013, 06:30:46 PM |
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Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
And...
It is a currency according to FinCEN.... so...
The Federal Reserve is within its charter to manipulate it, and with a tiny fraction of one day's money creation, put the price wherever it wants, 50, 5, 500, 50,000. Whatever suits them, at will, whenever they like. And they can do it with their reserve banking partners, with as many billions of fiat as they need.
Enter the leviathan, whales beware.
Any facts to back up your bullshit? If they buy the price to $50000 I think I'll be maybe selling... More likely they will do what they did with gold. Though that was more expensive. They dumped about $28billion in a single block trade to break the market down, with an immediate loss of over $1B on the gap down in April. Well, I think he is saying how will they acquire the BTC. I imagine trade hill and other methods will suffice. But that will only work for a period of time. They can probably keep BTC volatile if need be but I'm sure we will adapt to that as well, we will have to. In a sense, the long term success of BTC depends on the failure of other currencies. By success I mean fully, not just as an online payment method but also a store of value. With the limited float as more and more people acquire it the price will just go higher and higher and the volatility, though it can remain, will shift to much much higher prices. Things like a moderate sized country or the like using it will just add to the strength. I'm sure we have a "fight" ahead of us though... |
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