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ShroomsKit
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July 26, 2014, 05:40:09 AM |
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All this amazing news lately and this is the result.
Now imagine some bad news coming out today or tomorrow.
That won't be pretty.
This really looks like what i (and others) expected already. This are people who sell because the expected bubble didn't come. They are done waiting. Moving on.
And now ofcourse they will cause panic and drag other sellers down with them.
No new buyers. Clearly no new bubble. Good news does absolutely nothing.
I hate to say it but logically there is only 1 way to go at the moment and that is down.
It's only a matter of time now before panic breaks out and we see a huge dump. Either caused by all these random sellers, a whale smelling blood or nice piece of FUD. My bet is on some bad news. Been ages and i'm sure someone is brewing something.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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keithers
Legendary
 Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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July 26, 2014, 05:50:27 AM |
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I have little faith that Ecuador coin, would do any better than Aurora coin
Now, if Ecuador were to establish semi – anonymous zones on it's shores . Then we might have something to talk about ...
I don't know what the "Ecuadorcoin" will be; but since it will be state-managed, it will be totally different from Auroracoin. It will amost certainly require registration with full ID to use. For sure the government will have access to every transaction (at least to the same extent that it has access to ordinary bank transactions), it will be able to reverse transactions in some circumstances, block and seize accounts, etc.. Why would the government -- any government -- create a payment system without these features? because governments want a low maintenance, highly efficient, transparent and sound money system. BAHAHAHAHAHhahaha Government and transparency is like an oxy moron. They have about as much transparency as limo tint. |
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nioc
Legendary
Offline
Activity: 1624
Merit: 1008
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July 26, 2014, 05:51:47 AM |
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What's up with this thread - or is everyone off worrying about the correct XMR:BTC investment ratio to hodl?  (Disclosure: Am up to about 50:1 but seems I am a pussy compared to the hardcore crowd). Even Aminorex seems to post on Poloniex trollbox more than here these days. Sadly, as I like his posts here (and have to admire his sheer eloquence) Off-topic, too... Risto's Monero Economics thread here is actually interesting - usual Risto stuff (pyramid of holders, predictions of riches etc...ego) but he's never gone off on an alt coin like this before. LTC now looking pretty sick - seems 'No.1 alt' crown is looking like passing on. Sea change...? For a couple of months people here kept promising that by now we would be on a train that is approaching the moon. I was able to delay some payment obligations but now they are looming large next week. That means after I sell some btc next week the price will rocket so you don't have long to wait. I'm currently 74:1 XMR:BTC and after next week it will be over 77.77:1  |
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mikeh2
Newbie
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Activity: 50
Merit: 0
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July 26, 2014, 05:54:28 AM |
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pretty sure it's due to people waiting for the NY regulation update - we may not care what they say but it may have some affect on price in the short term.
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kireinaha
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July 26, 2014, 06:00:06 AM |
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pretty sure it's due to people waiting for the NY regulation update - we may not care what they say but it may have some affect on price in the short term.
nobody gives a shit about the nysdfs guidelines, that's just a distraction. as others have said, people are getting tired of waiting, tired of the sideways snoozefest, and thinking of better things they'd like to use their money on. this is a necessary step though... once speculators give up on their inflated expectations, we can go up again. but it's going to take weeks, at least. I don't know why we all waste our time on here so much. |
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ShroomsKit
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July 26, 2014, 06:01:25 AM |
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pretty sure it's due to people waiting for the NY regulation update - we may not care what they say but it may have some affect on price in the short term.
Oooooh a new deadline. Right. So everybody will simply wait another month or so? Got any deadlines after that one ready? |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 26, 2014, 06:01:28 AM |
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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July 26, 2014, 06:05:15 AM |
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Starting to look like 2014 will be the worst year for bitcoin ever...
Walls are getting pulled
from 2.5k coins to 590 to 200 coins...
Even if we stay at current levels for the rest of the year, it wouldn't be the worst year ever |
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kireinaha
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July 26, 2014, 06:11:36 AM |
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Starting to look like 2014 will be the worst year for bitcoin ever...
Walls are getting pulled
from 2.5k coins to 590 to 200 coins...
Even if we stay at current levels for the rest of the year, it wouldn't be the worst year ever bitcoin has never concluded a 12 month period at a lower price. if we reach Novemeber and are still at this price level, even I'm giving up on it. because it would be clear at that point that it's over: world changing innovations don't just stall for a year for no clear reason. |
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Davyd05
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July 26, 2014, 06:22:14 AM |
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Starting to look like 2014 will be the worst year for bitcoin ever...
Walls are getting pulled
from 2.5k coins to 590 to 200 coins...
Even if we stay at current levels for the rest of the year, it wouldn't be the worst year ever bitcoin has never concluded a 12 month period at a lower price. if we reach Novemeber and are still at this price level, even I'm giving up on it. because it would be clear at that point that it's over: world changing innovations don't just stall for a year for no clear reason. All I've got to say is lol |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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July 26, 2014, 06:23:27 AM |
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I think the worst year in the past was when it went from $7 to $13
That would mean if we are below 1500 at the end of the year, 2014 would be the worst year
We'll see if we get there...
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falllling
Member
Offline
Activity: 112
Merit: 10
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July 26, 2014, 06:26:05 AM |
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Starting to look like 2014 will be the worst year for bitcoin ever...
Walls are getting pulled
from 2.5k coins to 590 to 200 coins...
Even if we stay at current levels for the rest of the year, it wouldn't be the worst year ever bitcoin has never concluded a 12 month period at a lower price. if we reach Novemeber and are still at this price level, even I'm giving up on it. because it would be clear at that point that it's over: world changing innovations don't just stall for a year for no clear reason. i consider bitcoin a failure when it can't even get past $650 we need orders of magnitude more to be able to be called anything of value in a world where trillions mean nothing anymore. lets talk about "stability" when/if it gets to $50,000. |
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hmmkay
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July 26, 2014, 06:34:54 AM |
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Some of you guys should relax more.
It'll go up when it goes up, and it will. This is not some fad that'll blow over.
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Heartbit.io
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July 26, 2014, 06:53:45 AM |
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We went under 600$ but after all it is only -5% in a week ...  It seems that China has the highest volume right now  http://heartbit.io/appThe question is to know if we are at the beginning of a reversal here but looking at good news like Dell or Alienware adoption it seems unlikely. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 26, 2014, 07:00:11 AM |
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Davyd05
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July 26, 2014, 07:01:50 AM |
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maybe the chinese have to swap cny to usd to use the international side of the other exchanges launching in China  |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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July 26, 2014, 07:03:15 AM |
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I think Ecuador’s central bank might be coming out with an altcoin soon, they legislated the monopolization of "electronic currency" EcuadorCoin, A good pump and dump to watch for read all about it!A centralised cryptocurrency backed by the Ecuadorian gov I am sure nothing can go wrong. Oh and much support much wow |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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July 26, 2014, 07:08:34 AM |
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JorgeStolfi
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July 26, 2014, 07:28:08 AM |
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Since last year, China always had the largest volume by far. Your app ignores Huobi (had about 14000 BTC volume yesterday), OKCoin (26000 BTC), and other large Chinese exchanges. It is about as useful as a stock market survey site that ignores NYSE, NASDAQ and FTSE. |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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July 26, 2014, 07:34:15 AM |
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Since last year, China always had the largest volume by far. Your app ignores Huobi (had about 14000 BTC volume yesterday), OKCoin (26000 BTC), and other large Chinese exchanges. It is about as useful as a stock market survey site that ignores NYSE, NASDAQ and FTSE. Quoting Chinese exchanges in a volume comparison is meaningless, since 0 fee structure falsifies true volume. |
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