Biggest sell signal if we go under 5.70-5.80 level

[Arius]

I don't believe that, when the profits are gone we will have mostly miners that want Bitcoin to get big long term, and there are a lot of them. And also, this high inflation environment is a one time thing, it will be over in Dec of 2012.

Wait why...ohhh, LOLOL

Are you a greedy miner ?

How does that 6 dollar exchange rate feel? I think you will feel really good with a 3-4 dollar exchange rate.

I'll enjoy it.  I pay just under $ .05 per kW now.  Unless BTC goes below $1, I'm profitable.  All the price-pullback does is cut off my competition.  I'd like to thank everyone for decreasing the difficulty and letting me get all the BTC.  Drive the price down, I just make more money...

[Technomage]

I feel this is a very rude attempt at manipulating the price and should be moved to the speculation forum asap.

I'd also like to add that recently I've started to be suspicious of analyst S3052, he seems to be fairly heavily invested in the price dropping because he is weighing in on more threads than usual and "confirming" the bad scenarios. Makes me think of his motives in general, he is doing a very popular analysis which certainly effects the price in itself.

[S3052]

I am just trying to offer technical analysis to help people making informed bitcoin trading decisions .
typically , this forum is biased with UP UP UP talks (see Bruce ...)
and it is important to also show some balanced views.
some people could protect their savings if they sold before.

Personally, I do not have any interest in falling bitcoin prices, I would prefer rising bitcoin prices. But it is important to leave emotions aside when investing / trading.

[bonker]

I am just trying to offer technical analysis to help people making informed bitcoin trading decisions .
typically , this forum is biased with UP UP UP talks (see Bruce ...)
and it is important to also show some balanced views.
some people could protect their savings if they sold before.

Personally, I do not have any interest in falling bitcoin prices, I would prefer rising bitcoin prices. But it is important to leave emotions aside when investing / trading.

Yeah, me too. I don't want Bitcoin to fall so I can get more.

[The_Duke]

I feel this is a very rude attempt at manipulating the price and should be moved to the speculation forum asap.

I'd also like to add that recently I've started to be suspicious of analyst S3052, he seems to be fairly heavily invested in the price dropping because he is weighing in on more threads than usual and "confirming" the bad scenarios. Makes me think of his motives in general, he is doing a very popular analysis which certainly effects the price in itself.

OHAI! It'is technomage, who yesterday stated that the price would NEVER drop below $6.

[aq]

I am just trying to offer technical analysis to help people making informed bitcoin trading decisions .
typically , this forum is biased with UP UP UP talks (see Bruce ...)

You must be new to this very forum
At least half of the messages in here are "crash", "sell" and "bitcoin is worthless", in other words it seems a lot of people try to drive the price down.

[S3052]

based on the sentiment polls, only 40% of forum members see the bitcoin price down.
beginning of august it was more than 60%.
the current sentiment is not bearish enough to believe in a sustainable low at currentvalues.

[The_Duke]

based on the sentiment polls, only 40% of forum members see the bitcoin price down.
beginning of august it was more than 60%.
the current sentiment is not bearish enough to believe in a sustainable low at currentvalues.

Ok, start buying then!

[dust]

2484.95 btc sold @ 5.95 !

[itsagas]

BTC just sailed through your barrier, then $5.50 and now $5.40.  lets see how your prediction holds!

[Maria]

DOWN!! YES!! 1 DOLLAR!!

Maria.

[BubbleBoy]

Aaaand it's gone.

I wonder what's the next "resistance price".

[the founder]

Again,  we print too many coins

[unbuttered_toast]

seams some one just sold over 23k

Where do you get those numbers?

[stryker]

Again,  we print too many coins

Print too many or simply not trade enough in BTC.... I'm getting bored of saying this but bitcoin is supposed to be "worth" what someone will trade for it.... its dollar value is only an interface to other currencies as miners cant pay their electricity bills with btc and people can not easily be paid in btc (by that I mean their day job does not pay them in btc)

[finnthecelt]

I am just trying to offer technical analysis to help people making informed bitcoin trading decisions .
typically , this forum is biased with UP UP UP talks (see Bruce ...)
and it is important to also show some balanced views.
some people could protect their savings if they sold before.

Personally, I do not have any interest in falling bitcoin prices, I would prefer rising bitcoin prices. But it is important to leave emotions aside when investing / trading.

Yes well reality sucks for people when the trend is opposite their expectation. 

Technically we could easily go under $1.00. It will be very interesting to see how many keep mining as we drop here. The trend is definitely down.

I will now be mining at a loss but I will keep mining. I'm in this for the long haul and will accept the "investment cost" of electricity. When I was buying silver I was parting with cash and now the metal just sits there for future use. The risk is MUCH higher for the BTC though.

Your analysis is appreciated.

[niko]

(...) The hole problem is that Bitcoin is inflating at a very high rate, the miners have to much power over the price of Bitcoin, the only way to stop that is to do what they are doing to the Bitcoin Economy. Stop them from making easy money. I have said this from the very beginning, look at my old posts, maybe someone understands this...

Speculation is easier and more profitable than mining. And speculators have too much power over the price of Bitcoin, not miners. Hence the concept of "moving the market." As for inflation, it is the way it is, and it is so by design. Everyone knows it, there is nothing unexpected about it, so it can't really be a problem - it's simply the reality.

[fastandfurious]

(...) The hole problem is that Bitcoin is inflating at a very high rate, the miners have to much power over the price of Bitcoin, the only way to stop that is to do what they are doing to the Bitcoin Economy. Stop them from making easy money. I have said this from the very beginning, look at my old posts, maybe someone understands this...

Speculation is easier and more profitable than mining. And speculators have too much power over the price of Bitcoin, not miners. Hence the concept of "moving the market." As for inflation, it is the way it is, and it is so by design. Everyone knows it, there is nothing unexpected about it, so it can't really be a problem - it's simply the reality.

Many people know about it, but far from all of them really understands it. The concept of a high inflation environment is hard to grasp.

[Technomage]

OHAI! It'is technomage, who yesterday stated that the price would NEVER drop below $6.

I did not. I stated it's unlikely for the price to drop below $6, but it obviously did. And I said that a stable price of below $5 is pretty much impossible in the current situation. I will admit I'm wrong if we see the price stay below $5 for more than 24 hours.

Now the question is did we bottom at $4.80 or not. Interesting times.

[lemonginger]

*whew* good thing bitcoins are designed as a means of exchange and not an investment