empowering
Legendary
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Activity: 1092
Merit: 1442
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July 30, 2014, 07:43:19 PM |
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Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Agreed. Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up. All they see is previous buyers losing money. What we have here is: No new buyers. No amount of good news will make the price go up. Any slightly bad news will cause a crash. No increased user adoption. Lots of people getting out. This was gonna be the year of Bitcoin. It simply failed. It won't magically go up again. There is no reason why it would. Bye then... it has been nice having you around, with your wit and your insight.. but it seems you are leaving us , busy chap like you must have stuff to do, productive life to lead, so do not let us stop you on your journey to riches in the rest of your investments and the like... all the best now, bon voyage, mind the door on your way out... Happy times ahead and all that..... No need to call or write it is fine.... See you along the road old chap..... Cheerio! take care..... mind your step.... be safe.... bye.  |
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ensurance982
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July 30, 2014, 07:43:23 PM |
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Ahh, we need more capitualtion at the moment! Yeah it's no fun right now, flatline,.... Thing is, people need to stop caring. But we'll be there soon enough!
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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July 30, 2014, 07:44:26 PM |
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Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Agreed. Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up. All they see is previous buyers losing money. What we have here is: No new buyers. No amount of good news will make the price go up. Any slightly bad news will cause a crash. No increased user adoption. Lots of people getting out. This was gonna be the year of Bitcoin. It simply failed. It won't magically go up again. There is no reason why it would. I really hope you pair of tits don't convince any honest people into selling here with your book talking! |
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hd060053
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July 30, 2014, 07:46:21 PM |
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6k wall on huobi wont be eaten so easy. Also the resistance on bitstamp is huge now.
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hmmkay
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July 30, 2014, 07:46:37 PM |
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Can't find my freakin car keys  |
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fonsie
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July 30, 2014, 07:46:50 PM |
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I'm considering sending another 5000$ to the exchange, but I rather do it when it hits 300$ or less like @pigeondog predicts.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
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July 30, 2014, 07:47:00 PM |
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there is now 183$ 0$ holding us at or above 570
panic time!
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Davyd05
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July 30, 2014, 07:47:06 PM |
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Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Agreed. Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up. All they see is previous buyers losing money. What we have here is: No new buyers. No amount of good news will make the price go up. Any slightly bad news will cause a crash. No increased user adoption. Lots of people getting out. This was gonna be the year of Bitcoin. It simply failed. It won't magically go up again. There is no reason why it would. I really hope you pair of tits don't convince any honest people into selling here with your book talking! First rule of the wall observer thread, don't sell or buy based off anything one thing posted here. I think 500 is the bottom of this play and 550 is the heavy support zone...if we can get to testing that dumpers that'd be great because I hate how you can buy back coins after all these dumps and still end up with profits and coins or more coins |
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vuduchyld
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July 30, 2014, 07:48:02 PM |
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Dear Forum,
If you're nervous, you are over-invested.
Sincerely,
vudu "never nervous" chyld
Or you entered a long position leveraged at 10:1 or something Hey, what's at stake? Only your complete stash of bitcoins! over-invested |
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Pump3r
Newbie
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Activity: 14
Merit: 0
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July 30, 2014, 07:49:41 PM |
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Dear Forum,
If you're nervous, you are over-invested.
Sincerely,
vudu "never nervous" chyld
Or you entered a long position leveraged at 10:1 or something Hey, what's at stake? Only your complete stash of bitcoins! over-invested qft |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
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July 30, 2014, 07:50:20 PM |
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price is low price is going lower, now is the time to sell!
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ensurance982
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July 30, 2014, 07:52:09 PM |
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price is low price is going lower, now is the time to sell!
That may actually be true for a change  Let's see how low it goes. We need some major drop. But not too deep, please |
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fonsie
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July 30, 2014, 07:52:54 PM |
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yes people sell now
@ShroomsKit
If you by any chance still have 0.000001 BTC somewhere, SELL NOW
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ShroomsKit
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July 30, 2014, 07:53:17 PM |
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All that support at 550 is dissapearing fast.
I don't understand. I thought everybody wanted to buy all those cheap coins?
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
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July 30, 2014, 07:53:50 PM |
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Okay, monkey is getting very insistent. He had me sell some at 579. Now I buy them back within the next hour. Just for an overnight hold I suspect. Time will tell.
Monkey says wait 9 minutes to buy now.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
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July 30, 2014, 07:55:41 PM |
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it appears to be accelerating
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ShroomsKit
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July 30, 2014, 07:55:49 PM |
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I feel kinda bad for the poor guy who bought my coins.
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fonsie
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July 30, 2014, 07:55:52 PM |
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All that support at 550 is dissapearing fast.
I don't understand. I thought everybody wanted to buy all those cheap coins?
You don't get it, do you? Why would they buy at 550$ if they can buy more at 500$, they are taking a gamble on that. |
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kurious
Legendary
Offline
Activity: 2618
Merit: 1749
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July 30, 2014, 07:56:12 PM |
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First rule of trading on btc-e is to turn off the trollbox.
Don't worry I freeze it as a rule, just saw how awful it was and scooted back here to carry on watching Shroomskit turn into a troll... After years of endless '..Sheeps!' 'Dumping idiots' and the classic 'Welcome to my ignore list. Bye' |
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fonsie
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July 30, 2014, 07:56:36 PM |
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I feel kinda bad for the poor guy who bought my coins.
Don't worry, he won't lose a lot of money if he lost those coins. |
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