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Author Topic: Can BTC hold at at any level?  (Read 1582 times)
jcoin200
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September 17, 2014, 01:58:39 PM
 #1

I mean there are lots of new merchants accepting BTC, and people spending BTC when they do, but essentially that is just like a lot of selling pressure.  There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."

Also it seems most anyone who invested in the last 10 months is regretting it and will not risk losing money with BTC again, leaving less and less people using it.

Seems like a lot of blind optimism especially in this forum, but I now don't see any reason price will go up rather than down.
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hyphymikey
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September 17, 2014, 02:01:51 PM
 #2

Mark another one down under "loosing faith"

The manipulation is working! Lol
datehunter
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September 17, 2014, 02:05:55 PM
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Several people here should put all their coins into cold storage and don't look at the charts/forums for a couple of years.

jcoin200
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September 17, 2014, 02:15:00 PM
 #4

Mark another one down under "loosing faith"

The manipulation is working! Lol

I haven't yet, but manipulation or not, price is headed down.

Do you have any solid evidence to believe it will return to higher levels?  I mean yeah I get the whole limited supply, but if no one new is coming in, it doesn't matter is there are 21 million or 21 total coins.  There is a lot of optimism here, but I ahve yet to see any solid evidence whatsoever.  And the last "bubble" was caused by bots and incompetence at Gox
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September 17, 2014, 02:18:27 PM
 #5

Bitcoin will never "hold" at any price. It should always be a free market. Free markets are brutal, uncaring, and fair.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
Wilhelm
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September 17, 2014, 02:28:40 PM
 #6

INB4 falllling was right!!!

Cheesy


P.S. This is a SPARTA or Braveheart HODL moment. Bye bye weak hands Smiley
P.S.2. Or I'm the one holding a few Tulip bulbs Tongue

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September 17, 2014, 02:32:12 PM
 #7

I forsee a heavy drop with a decent duration so the ballers can get more coins.

I will never sell below 10k a BTC.

I will never sell more than half of my BTC.
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September 17, 2014, 02:52:49 PM
 #8

I forsee a heavy drop with a decent duration so the ballers can get more coins.

I will never sell below 10k a BTC.

I will never sell more than half of my BTC.

why not go with the dump and rebuy lower?
anyways thats what iwe been doing most of the time.
even if it shoots up (which it wont) u have much higher chances to earn that way than any other.
cheers

antibitcoinconsortium
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September 17, 2014, 03:53:04 PM
 #9

it will probably hold very well at $0 within a year or so
then you all have what you want, price stability.
Hunyadi
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September 17, 2014, 03:59:09 PM
 #10

There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."


Source?  Grin

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September 17, 2014, 04:00:17 PM
 #11



why not go with the dump and rebuy lower?


Risk free money!  Tongue

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nuff
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September 17, 2014, 04:06:23 PM
 #12

why spend bitcoins now when you know price would be many much more in the future?
jcoin200
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September 17, 2014, 04:10:18 PM
 #13

why spend bitcoins now when you know price would be many much more in the future?

How do you know?  More spending at merchants = more selling casue they instantly convert to fiat.  It's gonna take a lot of new money to counteract this.

There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."


Source?  Grin

Seen it "predicted" on here.
the_sunship
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September 17, 2014, 04:23:49 PM
 #14

if I dump now, the price will surely skyrocket.
inca
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September 17, 2014, 04:28:06 PM
 #15

There is a lot of certainty on the forum that the price will continue to fall. Other than a downsloping line on a chart what evidence do you have?

Seems far more likely if we hold 440 that we bounce higher to me.

Have fundamentals changed, no. They improve daily.

Obviously the price of btc is heavily skewed by sentiment and manipulated easily. This means the market price can be divorced from reality / oversold a lot longer than something more tangible. Madness of crowds etc.

It will turn back up and everyone who sold will wish they had held or bought more, just like the last four times, unless this time is different!
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September 17, 2014, 06:00:37 PM
 #16

It will turn back up and everyone who sold will wish they had held or bought more, just like the last four times, unless this time is different!

It won't be any different, aside from a greater magnitude.
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September 17, 2014, 06:16:12 PM
 #17


More spending at merchants = more selling casue they instantly convert to fiat.  It's gonna take a lot of new money to counteract this.



Not a ponzi scheme after all, is it??  Grin
obocaman
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September 17, 2014, 06:53:17 PM
 #18

Bitcoin will never "hold" at any price. It should always be a free market. Free markets are brutal, uncaring, and fair.

Bitcoin will never hold because Bitcoin will always go up until about 2140, by then the perfect stability it will have will be irrelevant to all of us :p
scarsbergholden
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September 17, 2014, 08:18:58 PM
 #19

I mean there are lots of new merchants accepting BTC, and people spending BTC when they do, but essentially that is just like a lot of selling pressure.  There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."

Also it seems most anyone who invested in the last 10 months is regretting it and will not risk losing money with BTC again, leaving less and less people using it.

Seems like a lot of blind optimism especially in this forum, but I now don't see any reason price will go up rather than down.

It seems that, for now, selling pressure from miners, merchants and early adopters is outweighing (significantly) demand. I think there will likely be another bubble, but it could be years down the road. (Or it could be next month -- less likely Tongue)

To be sure, this year has been hard on those buying into long term positions.

btcpokerface
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September 17, 2014, 08:28:01 PM
 #20

Bitcoin doesn't know what stability is, it will continue to go up and down forever.

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