Dumpers are gone , bottom has been reached (366)

[Kontridder]

This is gonna get ugly upwards.

[BitcoinCharlie]

What makes you think that? Couldn't the bottom be $266?

[derpinheimer]

What makes you think that? Couldn't the bottom be $266?

Pff, no. This time its different. All the guys saying $466, $566, $666, $766, $866, $966, $1066, and $1166 were the bottoms were just nutjobs.

$366 is really the bottom!

[Benjig]

There is one entity that is putting huge sell pressure on exchanges and is sistematically dumping every few days, so bottom will be reached once this secret entity decides to stop this pattern, not once we reach some "magic" number.

[adamstgBit]

There is one entity that is putting huge sell pressure on exchanges and is sistematically dumping every few days, so bottom will be reached once this secret entity decides to stop this pattern, not once we reach some "magic" number.

0

+ or - 400%

[derpinheimer]

There is one entity that is putting huge sell pressure on exchanges and is sistematically dumping every few days, so bottom will be reached once this secret entity decides to stop this pattern, not once we reach some "magic" number.

Ooh, a secret entity is pushing the price down with real coins?

Its almost like that bot that bought up TENS OF MILLIONS OF $$$ WORTH COINS, with money that didnt even exist! This cant be the result of a market being pumped and dumped, no no no.. Impossible.

[blade87]

Its almost like that bot that bought up TENS OF MILLIONS OF $$$ WORTH COINS, with money that didnt even exist! This cant be the result of a market being pumped and dumped, no no no.. Impossible.

Legitimate question - how much overall volume did Gox account for when that happened?

[williamevanl]

I'm going to go ahead and call the bottom ~17 dollars.

[Cranky4u]

I call back to $2BTC by Christmas 2014

[williamevanl]

I call back to $2BTC by Christmas 2014

I won't say it's impossible but if we get there, it will probably take much longer.

[Hunyadi]

350-370 has been tested a lot, but so was 440 earlier.

[im0rtel]

the market is bleeding out cash slowly but surely .

everyone is hoping for a new late november pump but im afraid this year bitcoin is going to get dumped and dumped again.

btc will be dumped to 200 $ or even less by the end of the year.

waiting for the final capitulation of BTC and rise of a new coin.

[Darkmatter12]

the market is bleeding out cash slowly but surely .

everyone is hoping for a new late november pump but im afraid this year bitcoin is going to get dumped and dumped again.

btc will be dumped to 200 $ or even less by the end of the year.

waiting for the final capitulation of BTC and rise of a new coin.

I'm sorry to say but you will die waiting.

[raid_n]

Recently I've started to read many of the poster's histories.
It is always interesting to try and understand what drives them.

One reason why I believe the bottom of this cycle can't be far off is looking at all these new "bears" that have sprung up.
Crushed hopes and dreams of making a fortune with a risky investment, not those that have been trading and playing the markets for some time.

Many of you will be the new Edward50's. Waiting for that buy in price that will never come, simply because you took no compromises, wanted it all.
It is all open for speculation where the price is truly heading.


Just don't be the pig that gets slaughtered in the end.

[inca]

the market is bleeding out cash slowly but surely .

everyone is hoping for a new late november pump but im afraid this year bitcoin is going to get dumped and dumped again.

btc will be dumped to 200 $ or even less by the end of the year.

waiting for the final capitulation of BTC and rise of a new coin.

Whatever you are smoking I would like!

[BitcoinCharlie]

My other post about inflation got deleted, but what do you think is driving the price down? Are people scared of the inflation or lack of utility of BTC or something else?

[inca]

My other post about inflation got deleted, but what do you think is driving the price down? Are people scared of the inflation or lack of utility of BTC or something else?

My other post about inflation got deleted, but what do you think is driving the price down? Are people scared of the inflation or lack of utility of BTC or something else?

None knows for sure. But the 'selling' isn't done in a way to get best price so this whole thing seems manipulated to me. I don't think the little guy is driving this decline, just heavy speculators who think more can be made going down then up rather than vice versa.

Price suppression schemes can work in fooling the market but not indefinitely. The payoff is a rising price in the underlying once big players have built a position (banks etc).

As on ramps emerge and bitcoin bounces along things should be ok. Growing user numbers and scarcity of coins in time will mean a rising tide of bitcoin buyers will eventually lift the boat.

[spazzdla]

My other post about inflation got deleted, but what do you think is driving the price down? Are people scared of the inflation or lack of utility of BTC or something else?

Fear and manipulation..

If you are a billionare.. this is the best chance to double.. triple.. 10 fold your money in the past.. at least 100 years.

With how small the total networth cap of BTC is and it's proprties...  oooh the manipulating you could do..

[PenAndPaper]

waiting for the final capitulation of BTC and rise of a new coin.

No need to wait. There are 1000 new shitcoins rising each day...

[spazzdla]

My other post about inflation got deleted, but what do you think is driving the price down? Are people scared of the inflation or lack of utility of BTC or something else?

My other post about inflation got deleted, but what do you think is driving the price down? Are people scared of the inflation or lack of utility of BTC or something else?

None knows for sure. But the 'selling' isn't done in a way to get best price so this whole thing seems manipulated to me. I don't think the little guy is driving this decline, just heavy speculators who think more can be made going down then up rather than vice versa.

Price suppression schemes can work in fooling the market but not indefinitely. The payoff is a rising price in the underlying once big players have built a position (banks etc).

As on ramps emerge and bitcoin bounces along things should be ok. Growing user numbers and scarcity of coins in time will mean a rising tide of bitcoin buyers will eventually lift the boat.

Something like this IMO..  I believe this rocket already has a captian and they are currently kicking out weak hands waiting until they feel the position is perfect to ingite start off.

I am half expectig to see double digits at one point :S.