adamstgBit
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Activity: 1904
Merit: 1037
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September 19, 2014, 02:55:21 PM |
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such panic...
we are now at like ~150 day low, lol
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Torque
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Activity: 3556
Merit: 5041
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September 19, 2014, 03:02:12 PM |
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Interestingly when I tried to enter a purchase order at SecondMarket today I received this email:
Unfortunately it is unlikely that we will be able to sell you... BTC today… we have a fairly large Bitcoin Investment Trust order that we have to fill ahead of selling BTC to other counterparties.
Bullish?
bullish. It is still pretty fucked that they do NOT have enough coins... maybe they should have been accumulating so they could fill all new orders.. dumb asses. there accumulating now.... they can't instantly buy 3K bitcoins to satisfy orders that would move price up, and they want cheap coins, like everyone else... Yeah, god forbid that anyone actually buy on exchange and move the price up. I mean, who would want that? That would show too much confidence in the market. Plus only commoners buy btc on exchanges... pfiff |
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Sandia
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September 19, 2014, 03:06:04 PM |
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Interestingly when I tried to enter a purchase order at SecondMarket today I received this email:
Unfortunately it is unlikely that we will be able to sell you... BTC today… we have a fairly large Bitcoin Investment Trust order that we have to fill ahead of selling BTC to other counterparties.
Bullish?
bullish. It is still pretty fucked that they do NOT have enough coins... maybe they should have been accumulating so they could fill all new orders.. dumb asses. there accumulating now.... they can't instantly buy 3K bitcoins to satisfy orders that would move price up, and they want cheap coins, like everyone else... Yeah, god forbid that anyone actually buy on exchange and move the price up. I mean, who would want that? That would show too much confidence in the market. Plus only commoners buy btc on exchanges... pfiff The price would still be based on exchange prices. The problem is that it seems exchanges are much smaller volume than off-exchange, making manipulation profitable. edit: rationally, that would mean off-exchange sellers are idiots, selling below real value at a manipulated price. That is hard to reconcile, except we have been seeing it on exchanges for months. |
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adamstgBit
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Activity: 1904
Merit: 1037
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September 19, 2014, 03:08:05 PM |
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poeple selling because they're sitting on profits from getting in eraly, poeple selling because other poeple are SHOPPING, poeple selling because they fear apple pay, poeple getting fiat for Ailibaba IPO, poeple selling because blockchain.info is buging, poeple selling because "techincals have been broken". people are selling! buy Buy BUY!!!!!!  |
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freedomno1
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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September 19, 2014, 03:08:55 PM |
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Interestingly when I tried to enter a purchase order at SecondMarket today I received this email:
Unfortunately it is unlikely that we will be able to sell you... BTC today… we have a fairly large Bitcoin Investment Trust order that we have to fill ahead of selling BTC to other counterparties.
Bullish?
bullish. It is still pretty fucked that they do NOT have enough coins... maybe they should have been accumulating so they could fill all new orders.. dumb asses. there accumulating now.... they can't instantly buy 3K bitcoins to satisfy orders that would move price up, and they want cheap coins, like everyone else... Well my 420 Cough yes saying the same thing because I was waiting for it to occur is finally starting to happen Now I have a real question in your opinion should I calculate lower or keep the same price target My logic: With over $250 million vc investment poring in from this year alone, over 8 $1+ billion dollar companies entered the space, over 6 new bitcoin ETF's launching by end of year, with an expected 100k merchants by end of year. The price is going to drop significantly due to conversions as most BTC are being used for currency purposes now which is great but means a structural downtrend in the short run, the stronger the adoption the larger the price drop in the short term. The value is not derived from the price, it is derived from the technology and the technology so far has proved to be resilient, global, and amazing. Bitcoin is moving at break neck speeds with adoption rates faster than facebook/twitter and the internet itself. So value wise it will rise at breakneck speeds later but in this run the price will keep falling, my question is what the bottom for now will be. http://www.cryptocoinsnews.com/bitcoin-price-goes-down-good/Either way it is getting interesting http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/ |
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Bios Optimus
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September 19, 2014, 03:09:26 PM |
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It will change and when it does it will rise fast
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inca
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Activity: 1176
Merit: 1000
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September 19, 2014, 03:12:23 PM |
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Yes, we are in an accumulation phase which should reach a crescendo in the short term before we can rally anew.
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NotLambchop
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September 19, 2014, 03:18:35 PM |
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...
there accumulating now....
they can't instantly buy 3K bitcoins to satisfy orders that would move price up, and they want cheap coins, like everyone else...
Yeah, god forbid that anyone actually buy on exchange and move the price up. I mean, who would want that? That would show too much confidence in the market. Plus only commoners buy btc on exchanges... pfiff A money changer trying to make the most money? Who woulda thunked! |
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Sandia
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September 19, 2014, 03:19:43 PM |
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Yes, we are in an accumulation phase which should reach a crescendo in the short term before we can rally anew.
Anything that has not been parroted since 620? |
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Hiro_Y3k
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Activity: 41
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September 19, 2014, 03:20:04 PM |
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Though the price may change and fluctuate, the estimated 21 million bitcoin in existence will not. High short term risks, high long term reward.
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empowering
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September 19, 2014, 03:22:40 PM
Last edit: September 19, 2014, 03:40:48 PM by empowering |
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BABA = totally nutz
Wonder if the $68 IPO - will turn to $100 per share by the end of the day.....
at this rate they will have a cap similar to Walmart... crazy
Let the retail fun start.....
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klee
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Activity: 1498
Merit: 1000
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September 19, 2014, 03:25:08 PM |
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Me thinks it would be very difficult to challenge 360 let alone 340 - but crazy shit happens since short/long positions entered the market.
Probably we have hit the bottom though, first good sign would be a higher low (and preferably not under 395).
I bought some at 400$, will buy again if we test 430 and bounce back...
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klee
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Activity: 1498
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September 19, 2014, 03:26:26 PM |
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Me thinks it would be very difficult to challenge 360 let alone 340 - but crazy shit happens since short/long positions entered the market.
Probably we have hit the bottom though, first good sign would be a higher low (and preferably not under 395).
I bought some at 400$, will buy again if we test 430 and bounce back...
I have lived the last 2 crashes too (30$ and 266$) but this one was scary in a lot different way, the circumstances are much different now, BTC must NOT go below 330... |
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keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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September 19, 2014, 03:28:24 PM |
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I'm sitting on coinbase right now...I missed the dip this morning, but I am ready to buy a few more BTC if I can get it under $400. That really feels like a steal...
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pinky
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September 19, 2014, 03:29:18 PM |
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BTC must NOT go below 330...
Why? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 19, 2014, 03:30:29 PM |
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Now I have a real question in your opinion should I calculate lower or keep the same price target
its up to you you have all the info, you make up your own mind. I think it should go up, but i know that just because something should be doesn't mean it will be. good luck. |
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y3804
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September 19, 2014, 03:30:37 PM |
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BTC must NOT go below 330...
Why? Despair |
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Sandia
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September 19, 2014, 03:31:16 PM |
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Me thinks it would be very difficult to challenge 360 let alone 340 - but crazy shit happens since short/long positions entered the market.
Probably we have hit the bottom though, first good sign would be a higher low (and preferably not under 395).
I bought some at 400$, will buy again if we test 430 and bounce back...
I have lived the last 2 crashes too (30$ and 266$) but this one was scary in a lot different way, the circumstances are much different now, BTC must NOT go below 330... What is your opinion that 685 was the bubble, but was aborted early? Walls, big dumps, etc. Serious question. |
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ShroomsKit
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September 19, 2014, 03:33:23 PM |
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Yes, we are in an accumulation phase which should reach a crescendo in the short term before we can rally anew.
Man, aren't you tired of this nonsense by now. It's the same thing i've been hearing all year yet there are no signs whatsoever this is actually happening. Look at the price. There is noone accumulating. |
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ShroomsKit
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September 19, 2014, 03:35:04 PM |
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Me thinks it would be very difficult to challenge 360 let alone 340 - but crazy shit happens since short/long positions entered the market.
Probably we have hit the bottom though, first good sign would be a higher low (and preferably not under 395).
I bought some at 400$, will buy again if we test 430 and bounce back...
I have lived the last 2 crashes too (30$ and 266$) but this one was scary in a lot different way, the circumstances are much different now, BTC must NOT go below 330... Nobody cares it's different this time. They will buy their cheap coins and after that the price will magically go up again. No other possibilities. |
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