Analysis

[smoothie]

Devs are holding Bitcoin hostage.  How is that for decentralized.

Get your facts straight. No devs are holding Bitcoin hostage. The free market will always win out.

 

Difference of opinion I guess.  People entrusted with this responsibility should work harder to achieve a consensus amongst themselves.

Perhaps removing opinion on factual arguments would be best.

Let's call it for what it is. Decentralization still exists . Just people disagreeing is all.

People are

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[meh32123]

Was this Final Capitulation?

[inca]

Devs are holding Bitcoin hostage.  How is that for decentralized.  One side censoring everything, other side threatening to crash the network. http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981

Devs are not responsible for action of theymos and other "community" managers.

On the other hand the XT-gang is definitely trying to sabotage the whole thing.

How exactly are the XT crowd sabotaging 'the while thing'?

If less than 75% of mining power chooses XT then nothing changes.

Are you confusing speculators toying with the price with the implementation of a modified bitcoin client?

[Bagatell]

How exactly are the XT crowd sabotaging 'the while thing'?

Bitcoin XT has code which downloads your IP address to facilitate blacklisting

Why didn't the Core guys point this out?

[gizmoh]

Was this Final Capitulation?

This is just margin call, Volume still low for a capitulation.
Still $25m longs open, if we go near $200 again, pressure would build on them to cover.

[masterluc]

Hi. I spending my time in a long travel in airports. And just saw this action. Of course bullish scenario invalidated as escape trend has been broken.



I will change my bias to bearish if price return back to log long term downtrend and weekly sma200 will be broken down. Until then I think it will go sideways 200-300 for a months.

[Morecoin Freeman]

May I ask what is your trading position then in all of this?

[masterluc]

My position is long 90% BTC and 10% LTC (hardfork was in my mind) since Bitcoin broke downtrend ($240).

[Morecoin Freeman]

Okay, thank you. I'm long too but it is starting to feel somewhat uncomfortable.
Good to know that you are with us.

[masterluc]

It is a bottom of downtrend and daily adx >50 - bad place for forced liquidation at least  However I beleive in weekly 200 sma.

[oda.krell]

Hm...

Worst Historical III ever

/comic book guy

[maxll]

I remember your mistaken bear position about bitcoin masterluc, just before the btcusd pushoff on winter 2013...

[Afrikoin]

This really does look ugly. I don't see how anyone could expect higher prices right now. COnsidering all that is going on in bitcoinland, i'd say we have enough to say that lower prices are more probable than higher prices at this point. If i had to give a figure, say 65%.

I am a regular reader of forums here (bitcointalk) and bitcoinmarkets on reddit and can comfortably say, sentiment has turned since the times of Greece when everyone was yelling moon. Now, i would characterize it as ambivalence with uncertainty on what will happen next. The kind of ambivalence that required a breach of maajor support level to shift to full mode bearish. That level, i suspect is $200. That is the level to watch now as we drag gradually towards it.

Even ranges never last long (200 -300) and at some point a decision will have to be made. It is my opinion that we are drawing nearer to that decision point.

[podyx]

This really does look ugly. I don't see how anyone could expect higher prices right now. COnsidering all that is going on in bitcoinland, i'd say we have enough to say that lower prices are more probable than higher prices at this point. If i had to give a figure, say 65%.

I am a regular reader of forums here (bitcointalk) and bitcoinmarkets on reddit and can comfortably say, sentiment has turned since the times of Greece when everyone was yelling moon. Now, i would characterize it as ambivalence with uncertainty on what will happen next. The kind of ambivalence that required a breach of maajor support level to shift to full mode bearish. That level, i suspect is $200. That is the level to watch now as we drag gradually towards it.

Even ranges never last long (200 -300) and at some point a decision will have to be made. It is my opinion that we are drawing nearer to that decision point.

You're missing a key factor surrounding the overall sentiment.

People don't yell "THE SKY IS FALLING" and mean it before they first sold.

"Be greedy when others are fearful." - Warren Buffett

[Afrikoin]

This really does look ugly. I don't see how anyone could expect higher prices right now. COnsidering all that is going on in bitcoinland, i'd say we have enough to say that lower prices are more probable than higher prices at this point. If i had to give a figure, say 65%.

I am a regular reader of forums here (bitcointalk) and bitcoinmarkets on reddit and can comfortably say, sentiment has turned since the times of Greece when everyone was yelling moon. Now, i would characterize it as ambivalence with uncertainty on what will happen next. The kind of ambivalence that required a breach of maajor support level to shift to full mode bearish. That level, i suspect is $200. That is the level to watch now as we drag gradually towards it.

Even ranges never last long (200 -300) and at some point a decision will have to be made. It is my opinion that we are drawing nearer to that decision point.

You're missing a key factor surrounding the overall sentiment.

People don't yell "THE SKY IS FALLING" and mean it before they first sold.

"Be greedy when others are fearful." - Warren Buffett

That is what i'm saying, fear has yet to kick in. Looking round, there are still enough traders who are hopeful, so panic hasn't set in proper. Meaning, the price isn't right as yet.

[grv]

This really does look ugly. I don't see how anyone could expect higher prices right now. COnsidering all that is going on in bitcoinland, i'd say we have enough to say that lower prices are more probable than higher prices at this point. If i had to give a figure, say 65%.

I am a regular reader of forums here (bitcointalk) and bitcoinmarkets on reddit and can comfortably say, sentiment has turned since the times of Greece when everyone was yelling moon. Now, i would characterize it as ambivalence with uncertainty on what will happen next. The kind of ambivalence that required a breach of maajor support level to shift to full mode bearish. That level, i suspect is $200. That is the level to watch now as we drag gradually towards it.

Even ranges never last long (200 -300) and at some point a decision will have to be made. It is my opinion that we are drawing nearer to that decision point.

You're missing a key factor surrounding the overall sentiment.

People don't yell "THE SKY IS FALLING" and mean it before they first sold.

"Be greedy when others are fearful." - Warren Buffett

That is what i'm saying, fear has yet to kick in. Looking round, there are still enough traders who are hopeful, so panic hasn't set in proper. Meaning, the price isn't right as yet.

please

same shit like in 2013 with silk road "crash"
manipulation before major bullrun

[bassclef]

This really does look ugly. I don't see how anyone could expect higher prices right now. COnsidering all that is going on in bitcoinland, i'd say we have enough to say that lower prices are more probable than higher prices at this point. If i had to give a figure, say 65%.

I am a regular reader of forums here (bitcointalk) and bitcoinmarkets on reddit and can comfortably say, sentiment has turned since the times of Greece when everyone was yelling moon. Now, i would characterize it as ambivalence with uncertainty on what will happen next. The kind of ambivalence that required a breach of maajor support level to shift to full mode bearish. That level, i suspect is $200. That is the level to watch now as we drag gradually towards it.

Even ranges never last long (200 -300) and at some point a decision will have to be made. It is my opinion that we are drawing nearer to that decision point.

You registered at the top of the November 2013 bubble. I think you've seen despair after that unraveling.  

Also, there's no rule that says there has to be x amount of palpable weeping and wailing for capitulation. If the selling climax is of big enough volume, supply and demand take care of the rest.

[wlefever]

You're missing a key factor surrounding the overall sentiment.

People don't yell "THE SKY IS FALLING" and mean it before they first sold.

"Be greedy when others are fearful." - Warren Buffett

Warren Buffett also doesnt speculate, and we all know Bitcoin is a speculative investment at this point in time.

[biglettuce]

You're missing a key factor surrounding the overall sentiment.

People don't yell "THE SKY IS FALLING" and mean it before they first sold.

"Be greedy when others are fearful." - Warren Buffett

Warren Buffett also doesnt speculate, and we all know Bitcoin is a speculative investment at this point in time.

Isn't Warren Buffett the guy who specifically told us to stay away from Bitcoin?  Because "it's a mirage"?

[smoothie]

You're missing a key factor surrounding the overall sentiment.

People don't yell "THE SKY IS FALLING" and mean it before they first sold.

"Be greedy when others are fearful." - Warren Buffett

Warren Buffett also doesnt speculate, and we all know Bitcoin is a speculative investment at this point in time.

Isn't Warren Buffett the guy who specifically told us to stay away from Bitcoin?  Because "it's a mirage"?

Since when is warren buffet's best interests your best interests?

I don't believe warren gives a damn about warning people about bad or good investments.

Warren buffet is the guy who sold millions of ounces of silver in the $5-$7 range before it went to $50 an ounce.