The $500+ Bitcoin Is Back ... (HAPPY?)

[ravenjt]

Hello

Perhaps the reason for the current general price stability, with a gradual decline in prices over time, is that scammers are trying to sell 700,000 BTC gradually, without damaging the market too much. This would explain the huge bulk of Ask orders between 600-700.

The result, presumably, is that the USD price will gradually decline, but not markedly so, over the next few months until all of this is cleared.

Then the true strength of demand for BTC will be revealed again, and prices will rocket, perhaps in May or June?

But before then, I will be waiting a bit for further price declines. The 700,000 BTC cannot have possibly cleared yet, so further falls are likely. Why not wait for a lower price?

[Armis]

I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

Yeah, but the beauty of BTC is that person can't just turn around and print more of it to replenish what was spent.

BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.

Alternatively, one could always create their own coin.  soooo many options


easy peezy 

[GreedyBoy]

Doesn't it confirm that bitcoin is volatile ! And this is not a surprise to anyone who has at least basci knowledges about BTC!

[Beef Supreme]

I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

Yeah, but the beauty of BTC is that person can't just turn around and print more of it to replenish what was spent.

BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.

Alternatively, one could always create their own coin.  soooo many options


easy peezy 

The value would nosedive if they do anything of the sort.  I for one, wouldn't be interested.  It would be no better than fiat paper.

[Mad Scientist]

you guys sound like all those delusional aura and maza coin bagholders.

bitcoin is a shitcoin that needs to be cleaned out.

obviously.

[UnDerDoG81]

We are almost there where we were before that whale bought 10k coins. In the normal range. Probably it will go more down but I dont see a reason to go up at the moment.

[Beef Supreme]

you guys sound like all those delusional aura and maza coin bagholders.

bitcoin is a shitcoin that needs to be cleaned out.

obviously.

BTC is crap?  WTF are you even on this board?

[Armis]

Doesn't it confirm that bitcoin is volatile ! And this is not a surprise to anyone who has at least basci knowledges about BTC!

In my book BTC isn't volatile, it's just unstable -- a lower degree of volatility. 

When I refer to volatility for a cryptocurrency I envision the CC's performance chart looking like an EKG scan when the person being monitored is excited.

[Cyberlight]

you guys sound like all those delusional aura and maza coin bagholders.

bitcoin is a shitcoin that needs to be cleaned out.

obviously.

BTC is crap?  WTF are you even on this board?

Don't feed the troll.

[Armis]

I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

Yeah, but the beauty of BTC is that person can't just turn around and print more of it to replenish what was spent.

BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.

Alternatively, one could always create their own coin.  soooo many options


easy peezy  

The value would nosedive if they do anything of the sort.  I for one, wouldn't be interested.  It would be no better than fiat paper.

eh, uhm, the value HAS nosedived, and the nose dive is directly related to the irresponsible manor in which the whole Gox matter is being handled internally (within the BTC community).  

Every time an exchange is robbed if we have the tools, via the blockchain, to not only remove the value of the stolen funds but also to catch the thief that is a responsible thing to do.  That is the proper way to maintain a cryptocurrency system.  Not to simply allow the thief to get away with the spoils and 'decentralize' the loss by spreading it to everyone else by way of diminished value.

The BTC rate didn't go down in any fast way, it was measured, which means it is real, not a negative response to media hype.

Those who steal must be stopped and punished internally, that deincentives bad deeds, when you take responsible drastic actions to correct wrongs it stabilizes the environment.

Stability is what brings about reliability, without security even a perfect plan has no chance.

BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.

Nobody could "forks the funds that left gox" because nobody knows what funds left Gox and when. And nobody even knows IF funds left Gox ...

ABSOLUTELY incorrect, we found much of the funds:  https://bitcointalk.org/index.php?topic=492776.0;topicseen

[JimboToronto]

you guys sound like all those delusional aura and maza coin bagholders.

bitcoin is a shitcoin that needs to be cleaned out.

obviously.

BTC is crap?  WTF are you even on this board?

Don't feed the troll.

Amen.