XxionxX
Sr. Member
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Activity: 254
Merit: 250
Digital money you say?
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October 04, 2014, 09:05:30 AM |
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Is it just me or are people getting sick of the falling and starting to short bitcoin? Because I have this urge to short but I feel like I'm being manipulated... Is my tinfoil on too tight?  Nope. Shorts getting squeezed. Doesn't the price go UP during a short squeeze? Indeed. Like when Volkswagen had a brief moment in the sun as the world's largest company. http://www.reuters.com/article/2008/10/28/us-volkswagen-idUSTRE49R3I920081028reminds me of another chart I've seen somewhere...  That is a great pic. |
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prophetx
Legendary
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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October 04, 2014, 09:20:20 AM |
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On Friday, George Jepsen, the Connecticut attorney general, opened an investigation into the breach at JPMorgan, while Benjamin M. Lawsky, New York’s top financial regulator, began calling bank officials to warn them to take the threat more seriously.
“There needs to be far more urgency,” Mr. Lawsky said in an interview.
http://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/?_php=true&_type=blogs&_r=0Looks like Lawsky is going to have his hands full with multi-trillion dollar concerns to wrry to much about minnow bitcoin for some time eh? yes it is rather funny to see NY spending precious bureaucratic resources on regulating an entire industry that may not even exist if bitcoin just falls another couple 100s of $ while the multi-trillion $ banking sector is ignored. the banks must LOVE bitcoin, after all while Lawsky et al have been busy dealing with internet funny money, real money has been put at jeopardy and the mice have been playing while the cat has been away. ironic. |
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BitAddict
Legendary
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Activity: 1190
Merit: 1001
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October 04, 2014, 09:37:13 AM |
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Most important thing:
Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?
why would bitcoin goes to 0$??? You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon. Yeah! And because in Africa they nearly don't have smartphones or internet they will use the rockchain  Wait until they dump "all" their fiat to buy bitcoin. Jokes aside, Africa needs lot of development before they can consider buying or using bitcoin. Now it is only for lucky people with internet access. You do know that there are more mobile phones in Africa than you think? Do you live in the 1960's sir? You probably also know that most Africas use the mobile phones to connect to internet? You should try to open your mind to the idea that Africa is moving forward... http://en.m.wikipedia.org/wiki/List_of_countries_by_number_of_mobile_phones_in_useAlmost all disposed mobile phones and old models go straight to Africa and India and are re-sold for a couple of bucks. The 3rd world is pretty mobile I know there are lot of phones there, I lived in Africa for two years. But you still need Smartphone+Internet, a normal phone can't be used to send/receive bitcoin safely without having to leave that bitcoins in a 3rd party wallet or need to register online for the first time. Some people are working on this and will spread bitcoin there, I'm sure they will like it and use it, because all the other alternatives are horrible. But as I said I think it is still too early for them. They need a few years more. |
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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October 04, 2014, 09:44:47 AM |
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350s are almost toast?  |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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October 04, 2014, 09:52:47 AM |
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350s are almost toast? I am a dentist, I will fix ya for btc pretty cheap.  |
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spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
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October 04, 2014, 09:58:16 AM |
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350s are almost toast? I am a dentist, I will fix ya for btc pretty cheap. Missing option on the poll, "Provide goods or services for BTC". Yes, I didn't know of this until homer's brain explained it to me. https://www.youtube.com/watch?v=VQpc0QfBaMc |
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ChartBuddy
Legendary
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Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 04, 2014, 10:01:11 AM |
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hyphymikey
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October 04, 2014, 10:08:52 AM |
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Russia bans bitcoin and all you "end of bitcoin" bears can't even drop the price under $350?
I was promised <350, <300, <270 coins!
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btcney
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October 04, 2014, 10:09:35 AM |
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Russia bans bitcoin and all you "end of bitcoin" bears can't even drop the price under $350?
I was promised <350, <300, <270 coins!
This, I demand cheaper coins! |
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fonzie
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October 04, 2014, 10:09:59 AM |
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Russia bans bitcoin and all you "end of bitcoin" bears can't even drop the price under $350?
I was promised <350, <300, <270 coins!
In a few minutes you can buy your <350$ |
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spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
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October 04, 2014, 10:11:59 AM |
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Russia bans bitcoin and all you "end of bitcoin" bears can't even drop the price under $350?
I was promised <350, <300, <270 coins!
Have they banned it? Any announcement online? |
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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October 04, 2014, 10:14:17 AM |
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Russia bans bitcoin and all you "end of bitcoin" bears can't even drop the price under $350?
I was promised <350, <300, <270 coins!
In a few minutes you can buy your <350$ yes don't worry be patient your turn will come  |
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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October 04, 2014, 10:15:13 AM |
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All right, well all I know is, at the very worst I'm the one who provides the bids for your guys to dump into!
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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October 04, 2014, 10:18:57 AM |
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6000 BTC down to 340, 6000 BTC up to 470 @bitfinex
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fonzie
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October 04, 2014, 10:20:46 AM |
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6000 BTC down to 340, 6000 BTC up to 470 @bitfinex
People are pulling their asks and market sell. |
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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October 04, 2014, 10:22:37 AM |
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6000 BTC down to 340, 6000 BTC up to 470 @bitfinex
People are pulling their asks and market sell. That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire... |
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fonzie
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October 04, 2014, 10:27:55 AM |
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6000 BTC down to 340, 6000 BTC up to 470 @bitfinex
People are pulling their asks and market sell. That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire... True, but this orderbook condition, especially on Finex, is existing since weeks. Beside the Paypal bull-trap no one made an attempt to execute an short squeeze. |
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fonzie
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October 04, 2014, 10:30:19 AM |
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So far every "crash" in Bitcoin ended with a downards spike, i doubt it will be different this time. We´ll see
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spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
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October 04, 2014, 10:37:11 AM |
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So far every "crash" in Bitcoin ended with a downards spike, i doubt it will be different this time. We´ll see
I think this may be there time where it just gradually reverses over time. |
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Poll
