lyth0s
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November 14, 2014, 05:22:55 AM |
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Yes people may sell some coins for holiday purchases, but that will probably only have a small impact. I've heard of a few people who will actually be using their holiday cash that they receive to finally buy some coins (think 16-25yo population).
Be interesting! Might give a good reason to pump after the holidays. I'd highly doubt it would have any market influence. I'm just talking about a trend that might pick up little by little. Edit: also with stuff like lawnmower.io I think people throwing "spare change" into btc will help with exposure.
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adaseb
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November 14, 2014, 06:10:31 AM |
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Man. I was away for the last 2 days but basically every single rally gets sold off.
Huge sell off. Over +$100 in BTC value in less than 6 hours.
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JorgeStolfi
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November 14, 2014, 06:13:57 AM |
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Just to make you feel better (?): Forex Investors May Face $1 Billion Loss as Trade Site Vanishes http://www.bloomberg.com/news/2014-11-13/forex-investors-may-face-1-billion-loss-as-trade-site-vanishes.html?hootPostID=30ceb1967be98ed871bb8c50375b9e96Secure Investment said that it traded in excess of $4.8 billion daily for more than 100,000 investors in 140 countries. [ ... ]
Mandal says he decided to withdraw some money in March. [ ... ] He got another e-mail from Secure on April 30. “Our Technical Department is currently working on system updates,” [ ... ] The next day, the website went offline. It never returned. Neither did the Mandals’ investment. As far as he knows, their entire $60,000 has disappeared forever. [ ... ]
Twenty-five investors interviewed say Secure, which was incorporated in Panama in 2008, had instructed them to wire money to banks in Australia, Cyprus, Latvia and Poland. [ ... ] Secure never revealed its true location [ ... ] At least some of its so-called customer testimonials were actually delivered by actors. [ ... ] Secure Investment listed a false Panama City address as its headquarters. The office addresses that Secure’s website listed in Hong Kong, London and Sydney were also phony. [ ... ] Because Secure had no real headquarters and existed on the Internet only, an investigation would be challenging.
That is twice the loss at MtGOX. Amazing how people send their life savings to companies that have no address and whose owners and managers are not known and reachable. But, as MtGOX and Neo & Bee showed, even when the owners are known, no one bothers to spend ten minutes checking their past with Google. Sigh...
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karol
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November 14, 2014, 07:14:30 AM |
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telemaco
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November 14, 2014, 07:17:41 AM Last edit: November 14, 2014, 07:28:18 AM by telemaco |
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Nothing coming from Samsung, the article just talks about a Vessenes speculation when he was in Korea. Anyway, it is a long time ago that mobiles stopped being used just for phone calls. Mobile payments will grow and Samsung with their huge market share, better starts talking some movements on the payment arena. Helping Bitcoin would follow Android's somewhat"open source" path and would help them sell mining equipment and even counterattack against ApplePay. I bet they will have to react soon. Google will stop development of Google Wallet on March 2015 for software sales (not affecting google play). So it is only Samsung now i guess on the payment Arena. Samsung has a huge market and visibility in Koreas ultra technical population and not giving a means of mobile techy payment i think is not possible. They have to do something or they will move to other manufacturers where they can pay with mobiles. They can of course continue developing their crappy Samsung Wallet, but it really does not look very good based on votes. Also remember the poor aceptance that Samsung as a company has in the United States (at least legally) where even Obama rescued Apple from some payments. So maybe a decentralized type of payment could be interesting, instead of fighting on the "convince every company of the world" arena and specially "american payment card companies". Samsung, use Bitcoin and follow your android more nerdy-type of customer (that suits bitcoin aswell).
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YogoH
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November 14, 2014, 07:18:00 AM |
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The last few days have been like a little mini bubble. Fractals man
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ErisDiscordia
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November 14, 2014, 07:27:11 AM |
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I wonder how magnificent was the pump to 1000$+ last november... it must have been something, too bad i wasn't around at the time.
It was pretty awesome to watch. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) It was pretty great and if you went through it then you'd understand the hodl mentality. During the rise we'd dip down a tad, but if you remained unshaken you saw some pretty massive gains. Unfortunately you also opend yourself up to massive loss once the bubble bursted for real. The real oh shit its happening moment happened after the 260ath, when we hit around 360. A time lapse of that breakout
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JayJuanGee
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November 14, 2014, 07:27:23 AM |
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I'm feeling bullish - b/c I saw a double bottom: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.billboard.com%2Ffiles%2Fstyles%2Fpromo_650%2Fpublic%2Fmedia%2Fkim-kardashian-paper-nicki-minaj-anaconda-vs-2014-billboard-650.jpg&t=665&c=yeFD9857u6fm4g)
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Mervyn_Pumpkinhead
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November 14, 2014, 07:30:58 AM |
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Willy2.0 was beaten down by the nervous miners who don't want to ride this train any longer. But I still think that the next couple of weeks could be interesting for those who trade. I think that BTC can go to 800$ tops, because the amount of coins held by miners, who have worked with a loss and accumulated a very large pile over these months. I highly doubt that there will be a strong enough buying interest to push through this heavy pile. My prediction is that BTC will experience an avalanche like never seen before in the near future, when the market realizes that it can't sustain the heavy cost of mining. Anyway, I'm glad that someone tried to stimulate the market, because it made trading BTC fun again. In the longer timeframe, my aim is to accumulate PPC instead.
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macsga
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November 14, 2014, 07:34:47 AM |
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I will let you economic scientists read this because I'm not smart enough to understand... mmmkay? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Japan’s only solution to its crippling debt burden and seemingly unbreakable deflationary spiral is to weaken its currency.
Period. Yes, there is plenty of talk of reform, though given Japan’s corporate culture that is far harder to achieve and much farther in the distance than most outside observers could possibly imagine; but were the narrative presented to the world simply as “we are going to destroy our currency,” even the market monkeys who continue to see no evil would be forced to take drastic action.
By maintaining the pretense that weakening the yen is actually part of a broader strategy which will ultimately be successful, the Bank of Japan is engaged in simply that: pretense.
Now don’t get me wrong: I’m not saying the necessary reforms CAN’T be achieved in Japan — just that they won’t. Not in time to save the country from disaster at the hands of Abe, Kuroda, and the rest of the Crazy Gang, anyway.
Those stagnant exports are a huge, flashing-red warning sign in the face of what can only be described as a resounding success in beginning the complete destruction of weakening the yen.
Let’s face it, if you are Japan and a chart like the one below doesn’t have a significant positive effect on your exports, something is structurally wrong — and structural change is not something the Japanese like (or do): http://www.zerohedge.com/news/2014-11-13/things-make-you-go-hmmm-japans-inevitable-apocalypse
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JayJuanGee
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November 14, 2014, 07:36:17 AM |
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Mervyn_Pumpkinhead
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November 14, 2014, 07:41:13 AM |
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This isn't humor. Thanks though.
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macsga
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November 14, 2014, 07:42:09 AM |
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aspa
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November 14, 2014, 07:45:31 AM |
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http://s26.postimg.org/kv0za26l5/2014_11_14_Still_Down.pngSame lines as yesterday, but with new candles and 1d instead of 3d chart (finex/bitwisdom).. Honestly, I was wondering what the next candles would do, but this was more striking than expected. Same conclusion: first line of downtrend line is wrecked, which is kind of a fun thing. The other line, which showed significant resistance, has been tested (for the first time actually..) but is still holding. For now?
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aspa
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November 14, 2014, 07:51:33 AM |
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A thing of beauty, much like the bottoms below your post.
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JayJuanGee
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November 14, 2014, 07:54:20 AM |
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This isn't humor. Thanks though. I do believe that you are on to something regarding your choice of an approximate $800 price point for your predicted tops. I do NOT agree with your prediction because it is too bearish; however, I agree with you that there is likely going to be up and down movement of BTC prices (in other words plenty of built in BTC dumps) until prices return to around $800-ish. I kept suggesting that the price point will be around $850 or so when that threshold is passed, the Viola.. We are inevitably on to a new ATH. However, my thinking on this subject seems to have evolved a little bit, especially giving the recent and long bearish and extent of bearishness of the BTC market in the last year. Accordingly, the threshold price could be lower than my previous $850-ish prediction and the rocket/train may take off at a lower price point - maybe into the lower $700s? Anyhow, once the rocket shoots BTC prices past the previous ATH, BTC prices will be pushed into the $3k to $13k range... and surely, I am engaged in a considerable amount of speculation regarding this point - but my speculation range relates to my understanding of adoption and developments around BTC and also my view that BTC prices have been artificially manipulated down for quite a bit of the last year and more so in the last 6 months. In that regard, those who have been manipulating BTC prices downward, and/or allowing for the downward manipulation of BTC prices have been accumulating BTC, and at some point, they are going to want to pump BTC prices up to as high of a price as they can pump it (which will be the $3k to $13k range in the next cycle). There will be upward manipulation and hype and onboarding of new money and various aspects of the masses... and some of the extent of the new onboarding of new money is a bit uncertain to know and a bit uncertain to know how much money is or could be waiting on the sidelines to jump on board.. but there are a lot more avenues (now) to get into and to get out of BTC (as compared with the previous bubbles).
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macsga
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November 14, 2014, 08:21:34 AM |
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Come on... I still have more bitcoins to buy in the 300s. Hold off on all major investor news for the next week please. Pardon me... my bad! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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