"Aaaaaaand the waaaallllls...

[SaintFlow]

I'm counting on it.  I'm sure the after party will be just as entertaining.

When that day comes I invite you to a drink

[BadBear]

He's gone from bitcoin fanatic to realist, a change quite a few more people could stand to make.  He's also been 100% correct. 

[Crypt_Current]

He's gone from bitcoin fanatic to realist, a change quite a few more people could stand to make.  He's also been 100% correct. 

He has, but his attitude does, as they say on the interwebs, "smack of butthurt".

That sort of attitude doesn't help anyone, probably not even the drowning ego it emanates from.

[BadBear]

He's gone from bitcoin fanatic to realist, a change quite a few more people could stand to make.  He's also been 100% correct. 

He has, but his attitude does, as they say on the interwebs, "smack of butthurt".

That sort of attitude doesn't help anyone, probably not even the drowning ego it emanates from.

Neither do the permabulls, who are constantly saying it can never drop any further, which is much more harmful if you are taking into account that people may listen and buy in, and lose their investment. 

[gewure]

He's gone from bitcoin fanatic to realist, a change quite a few more people could stand to make.  He's also been 100% correct. 

He has, but his attitude does, as they say on the interwebs, "smack of butthurt".

That sort of attitude doesn't help anyone, probably not even the drowning ego it emanates from.

Neither do the permabulls, who are constantly saying it can never drop any further, which is much more harmful if you are taking into account that people may listen and buy in, and lose their investment. 

..but they have santa manipulator on their side.

[Revalin]

... sometimes.

[gewure]

... sometimes.

yes, sometimes.

if he pulls back his huge walls now, price will be at least below $1.8. i saw how the bidwalls looke before he pulled up his insane 1.000.000 BTC-buy wall, it looked even shittier than the askwalls in this moment (and they look like shit).

whoever thinks this is the lowest point of bitcoin: this walls are 95% fake. we all saw them appear out of nowhere, they simply do not reflect the real demand of bitcoins. be warned, it will fall further.

[bittenbob]

... sometimes.

yes, sometimes.

if he pulls back his huge walls now, price will be at least below $1.8. i saw how the bidwalls looke before he pulled up his insane 1.000.000 BTC-buy wall, it looked even shittier than the askwalls in this moment (and they look like shit).

whoever thinks this is the lowest point of bitcoin: this walls are 95% fake. we all saw them appear out of nowhere, they simply do not reflect the real demand of bitcoins. be warned, it will fall further.

THE SKY IS FALLING! THE SKY IS FALLING!

[SaintFlow]

I do not understand people that are willing to sell at 1.8

I will not even sell at 2.5

[mjcmurfy]

The walls are starting to shift around again. It's only small movements at the moment, but the bids are sinking and the asks are slowly rising. The asks are looking VERY steep now in comparison with the bids... they could be real bids, but the way they are bobbing around it really is hard to know.

Considering the lackluster demand over the past 24 hours, a number of failed rallies, in addition to the RSI being at about 70, the MCAD predicting a downwards reversal, and trading happening at the upper range of the bollinger band for about 12 hours...

This all adds up to only one thing in my mind. We are going back to the $2 mark at some stage today.

[mjcmurfy]

Yep, I was right. The rally seems to be over. People are starting to unload.

[proudhon]

Yep, I was right. The rally seems to be over. People are starting to unload.

I agree.  This'll be fun to watch again.

[S3052]

This might be true again, but I more and more doubt it. Bitcoin prices more more and more away from the downtrendlines and there is an upward explosion to come.

It might be from yet another low, or never go below 2 $ at all any more.

But whatever the short term wiggles are, an upward explosion will come soon and create a huge short squeeze.

[Technomage]

This might be true again, but I more and more doubt it. Bitcoin prices more more and more away from the downtrendlines and there is an upward explosion to come.

It might be from yet another low, or never go below 2 $ at all any more.

But whatever the short term wiggles are, an upward explosion will come soon and create a huge short squeeze.

I agree that regardless of how it plays out, we're getting close to a reversal. We might have one more crash or a triple bottom at $2 but in the end it's likely to result in a reversal.

Unlike some people here think, most Bitcoin traders/investors that are currently in the game are not there to exit the market, they are either profiting from short term trading regardless of what direction the price is going, or they are waiting to buy back in. We're getting closer and closer to the point where people are ready to board the train again.

It would be nice to know how it'll play out, if I just had a crystal ball telling me if it's going to crash once more or triple bottom...

[S3052]

This might be true again, but I more and more doubt it. Bitcoin prices more more and more away from the downtrendlines and there is an upward explosion to come.

It might be from yet another low, or never go below 2 $ at all any more.

But whatever the short term wiggles are, an upward explosion will come soon and create a huge short squeeze.

I agree that regardless of how it plays out, we're getting close to a reversal. We might have one more crash or a triple bottom at $2 but in the end it's likely to result in a reversal. Unlike some people here think, most Bitcoin traders/investors that are currently in the game are not there to exit the market, they are waiting to buy back in. We're getting closer and closer to the point where people are ready to hop back in again.

It would be nice to know how it'll play out, if I just had a crystal ball telling me if it's going to crash once more or triple bottom...

You are so right.
One way to play this could be to position with  a portion already now and buy the rest either (i) if prices go down to 2$ or a bit below one more time, or (ii) rally without ever revisiting 2 $.

In any case, the next rally will be huge in percentage terms.

[Etlase2]

Unlike some people here think, most Bitcoin traders/investors that are currently in the game are not there to exit the market, or they are waiting buy back in.

Evidence? Sources? Besides your ass please, I deem that uncredible.

[Technomage]

Evidence? Sources? Besides your ass please, I deem that uncredible.

I'm sorry to say that I have no empiric evidence to support this but I can tell you how I've come to this conclusion.

1) I simply feel this way from looking at it from my perspective. I've basically been "all out" for a while now because I lost faith in positive price development. But I'm still bullish on Bitcoin in general, the fundamentals of Bitcoin haven't taken a turn for the worse, in fact I'm more bullish than ever as far as Bitcoin's future is concerned. In other words, I'm one of those waiting to buy back in.

2) From the discussions in this forum I have come to a strong conclusion that with the exception of a few doomsday bears such as Nagle, most bears are actually not bears as far as Bitcoin itself is concerned. They simply think there has been a massive bubble and that the price hasn't been sustainable, which in hindsight has actually been very smart thinking.

3) Even with all the crap that has gone on in the Bitcoin-world, the general opinion on Bitcoin is still that it's a promising technology. I've read a lot of comments from sites, for example Slashdot which has published all the big news regarding Bitcoin, the comments over there are more positive than negative.

4) A recent thread in this forum (https://bitcointalk.org/index.php?topic=52309.0) asked a question: "Are you trading for FIAT or BTC profit?" Although for most people it's not black and white, the poll is currently at 31.7% FIAT, 58.5% BTC. The rest goes to option C) Hedging against price drops. This means that most people in the community are trying to get more BTC and I'm one of those. I have set aside a certain amount of FIAT to invest in Bitcoin for very-long-term and once I feel it's smart to enter a long position again, I'll buy in.

So I can't say anything for certain because I don't know what's actually happening, but I'm fairly certain that I'm on the right track.

[mjcmurfy]

It's getting vicious...

[bittenbob]

The sudden rise of the sell walls near the asking price and the steps leads me to believe someone is trying to drive the price down. I really am starting to believe we have 2 manipulators who are pitted against each other right now.

[bittenbob]

Those walls didnt last long. Guess we are in for an interesting ride again here.