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jonoiv
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April 13, 2014, 04:32:46 PM |
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You were sounding bullish yesterday! when did you turn back to reality ?  |
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Walsoraj
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April 13, 2014, 04:33:21 PM |
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1w and 3d charts are so beautiful to my bear eyes.
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fonzie
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April 13, 2014, 04:36:31 PM |
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You were sounding bullish yesterday! when did you turn back to reality ? Well my bullishness stopped 1 hour ago. |
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Hypnoise
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April 13, 2014, 04:36:37 PM |
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Most dumps so far have been single megadumps in an otherwise stagnating market... I believe I can hear the sound of a hundredaire's or a thousandaire's head exploding with every dump.
and often it goes along with DDos attacks. |
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ardana123
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April 13, 2014, 04:36:41 PM |
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Last chance to sell this high boys. We Won't see this price again.
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chromosoma
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April 13, 2014, 04:42:36 PM |
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It is under 400! Yes, i am so happy:)
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stash
Full Member
 Offline
Activity: 173
Merit: 100
btcmy.net
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April 13, 2014, 04:43:12 PM |
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Perfect time to SELL now..its over  |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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April 13, 2014, 04:43:29 PM |
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Today something dawned on me:
We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.
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jonoiv
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April 13, 2014, 04:44:39 PM |
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I heard that...
a cacophony of bitcoin price programed alarm clocks, going off in China is causing a tsunami about to hit Japan.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 13, 2014, 04:45:42 PM |
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How awesome it would be if this was a successful retest of $340.
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jonoiv
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April 13, 2014, 04:46:00 PM |
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You were sounding bullish yesterday! when did you turn back to reality ? Well my bullishness stopped 1 hour ago. Welcome back from the brink |
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y3804
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April 13, 2014, 04:46:07 PM |
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Today something dawned on me:
We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.
Despair |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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April 13, 2014, 04:47:42 PM |
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Volume is incredibly low.
I just encountered BlackCoin and I think it's a very interesting pump concept. The coin switched from PoW to PoS. Now the only way to mine it is indirectly, and to facilitate that, there is a multipool, bcmultipool.com, which mines scrypt alts, dumps for BTC, and buys BC with BTC. It then pays out in BC.
The effect is that every 20-60 minutes there is a market order for BC. The BC bid keeps going up. Also, whatever scrypt is leading the return on difficulty gets dumped. If enough miners decide to take payouts in BC in this way, BC would then drain the marketcap of all the scrypt coins.
I like this idea, because I think its good for BTC. It's a layered market, and it reduces the fog of uncertainty regarding competitors by dumping and crushing the value of a large number of trash coins. Not sure if it is actually an improvement over just switch-mining with BTC payout, though. I might be.
But surely the fact that the last stage of Blackcoin mining is dumping the BTC, makes it not good for BTC? You get a big BTC dump whenever the blackcoin pools pay out. The more popular blackcoin gets, the bigger the hash, the more alt > btc mined, the bigger the BTC dumps. The value of blackcoin keeps rising, so few are buying straight back in to btc when they get paid. So the net result is more bitcoin getting dumped at current buy order. I'm mining on blackcoinpool.com with 4.2MH and getting about 0.0034 btc worth or blackcoin a day, which is twice what I've been getting of pure btc on multipools. I also bought 10,000 blackcoin at 9000 satoshi, it's now at 30,000+ :/ I'm very wary of altcoins, but this has been incredible so far. Oh I am sure that black will add some vol in the short run but srriously do you think anyone will hold the bulk of their wealth in blackcoin, which is completely unusable currency? 90% off black gets turned to btc. The rest, the dumb money, is turned to fiat via btc. (Numbers out of a hat.) In the long run it adds holders, and it weakens all the scamcoins. |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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April 13, 2014, 04:49:11 PM |
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Today something dawned on me:
We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.
Despair Don't think so. "Apathy" is more like it, imo. |
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jonoiv
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April 13, 2014, 04:49:23 PM |
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How awesome it would be if this was a successful retest of $340.
that would be good.. I see it happening. I'm just feeling sorry for the people buy now on the way down  |
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Davyd05
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April 13, 2014, 04:51:23 PM |
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pretty sure it is Sunday or it just finished an hr ago in China but you know what's great on sunday ... BACON
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JayJuanGee
Legendary
Offline
Activity: 3752
Merit: 10424
Self-Custody is a right. Say no to"Non-custodial"
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April 13, 2014, 04:53:55 PM |
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How awesome it would be if this was a successful retest of $340.
I thought that you said that you were back to being all in BTC? Did you get into Fiat again at some time? |
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ChartBuddy
Legendary
 Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 13, 2014, 05:00:23 PM |
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dunchy
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April 13, 2014, 05:00:37 PM |
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How awesome it would be if this was a successful retest of $340.
My speculation about 'Infinite-fiat-whale strategy' : - Break any further adoption - Take over money supply by starving miners to death, depart weak hands from their coins as a side-effect. Do it for as long as it takes. - Inject mass adoption We have the technology, but they are in charge of adoption (sheeple mind control). We will see this $200 to $600 bouncing and nerve-wrecking sideway walk for a year ladies and gentlemen. Until they take over. A typical bitcoin whale wet dream: "I will sell them @10000 minimum" is nothing, but a delusion... They have all the time in the world - you don't. All that made possible thanks to ASICs ... |
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