Why BTC is having trouble breaking $360

[spazzdla]

Amount of BTCers 10 000 000

Avg capital of BTCer 30k.

Avg capital ready to move into BTC 5k.

10 000 000 * 500 = 5 000 000 000


These numbers are not exact but the principle holds..  Manipulation, charts, trends, etc mean shit.

It all comes down to the amount of people that love Gold(BTC) * Capital they control that will be used to buy gold(BTC)

Proof? +10 000 years of history.

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[Ayers]

one simple reason: not enough buyers, miners can dump only a fixed amount, this mean that it's not their fault

[Keyara]

When did it hit 360?

It is trading at around 380 now.

[qm7]

Except it has multiple times??

[Crypto-in-tha-blood]

I think there are plenty of buyers.  Just people playing the price swings right now. 

[spazzdla]

Except it has multiple times??

When was the last time the price dipped below $360 on more than 1 exchange?

[bajlox]

Price is more less stable but it will take some time to recover.
Yes to many buyers allow this so we wait.

[MilesJohan]

People no more weak holder and panic seller, price would not drop below $360...

[fewcoins]

People no more weak holder and panic seller, price would not drop below $360...

Yea, okay lmfao! Watch as the miners dump all their coins & bring the price down!!!

[trattrat]

Its quite simple. Just supply and demand.

[fewcoins]

Its quite simple. Just supply and demand.

And right now the supply is getting bigger and bigger everyday while the demand is getting smaller and smaller! Meaning the price will continue to go down!!! Its a shame!!!

[jamessingh]

Its quite simple. Just supply and demand.

And right now the supply is getting bigger and bigger everyday while the demand is getting smaller and smaller! Meaning the price will continue to go down!!! Its a shame!!!

I disagree,

People with money (billionaires) already see the investment opportunities now. Its just a matter of time. Bitcoin doesnt get this low typically and as soon as it hits a price, which it is getting there watch it rise.

People are panicking and selling it off currently, eventually(within 2 months) rich investors(billionaires) are going to put 1-50 Million into bitcoins, there fore less supply will be available and the demand is going to sky rocket. Prices will get back up to 500-800.

Just my opinion on this.

[fewcoins]

Its quite simple. Just supply and demand.

And right now the supply is getting bigger and bigger everyday while the demand is getting smaller and smaller! Meaning the price will continue to go down!!! Its a shame!!!

I disagree,

People with money (billionaires) already see the investment opportunities now. Its just a matter of time. Bitcoin doesnt get this low typically and as soon as it hits a price, which it is getting there watch it rise.

People are panicking and selling it off currently, eventually(within 2 months) rich investors(billionaires) are going to put 1-50 Million into bitcoins, there fore less supply will be available and the demand is going to sky rocket. Prices will get back up to 500-800.

Just my opinion on this.

Exactly! JUST YOUR OPINION! No billionaire has got rich off of digital currency & none of them will since they won't buy in. Most own many of their OWN businesses... Why would they want to be a sheep & follow the herd like all you nerds. These people make real investments in real things. Not some bullshit Ponzi/pyramid scheme. If anything they buid their own pyramid scheme with them AT THE TOP! Keep that false hope to yourself so others can actually save their money and not lose it to the scumbags manipulating this market.

[jamessingh]

[/quote]
Exactly! JUST YOUR OPINION! No billionaire has got rich off of digital currency & none of them will since they won't buy in. Most own many of their OWN businesses... Why would they want to be a sheep & follow the herd like all you nerds. These people make real investments in real things. Not some bullshit Ponzi/pyramid scheme. If anything they buid their own pyramid scheme with them AT THE TOP! Keep that false hope to yourself so others can actually save their money and not lose it to the scumbags manipulating this market.
[/quote]

First of all, Your a stupid Idiot.

What you stated is your Opinion, what have you accomplished in your life that makes you so smart?
Do you have a business degree? Because I have one!!

[/quote]
No billionaire has got rich off of digital currency & none of them will since they won't buy in.
[/quote]

Thanks for that fact. You are so smart for stating this fact, can you send me some sort of link saying that NO BILLIONAIRE has made money off this??  you cannot.

Billionaires invest, Do some basic research and you will see that they invest money. You dont sit on money, To make money you have to invest.
Your probably a broke idiot with no money to invest,

BTW a Business is an investment noob.
Bitcoin trading is also an investment, similar to stocks.

I know plenty of people, including myself who did this and made a fortune. I invested 10 K cashed out with 150K+ in bitcoins starting in 2011.

[spazzdla]

Kevin O'leary, youtube, bitcoin.

Billionares are clearly interested.

[jamessingh]

Kevin O'leary, youtube, bitcoin.

Billionares are clearly interested.

fewcoins is a troll. Hes probably is an investor who is going to buy up bitcoins.

Look at his posts.

Also he states no facts, just his opinion!

[fewcoins]

Exactly! JUST YOUR OPINION! No billionaire has got rich off of digital currency & none of them will since they won't buy in. Most own many of their OWN businesses... Why would they want to be a sheep & follow the herd like all you nerds. These people make real investments in real things. Not some bullshit Ponzi/pyramid scheme. If anything they buid their own pyramid scheme with them AT THE TOP! Keep that false hope to yourself so others can actually save their money and not lose it to the scumbags manipulating this market.
[/quote]

First of all, Your a stupid Idiot.

What you stated is your Opinion, what have you accomplished in your life that makes you so smart?
Do you have a business degree? Because I have one!!

[/quote]
No billionaire has got rich off of digital currency & none of them will since they won't buy in.
[/quote]

Thanks for that fact. You are so smart for stating this fact, can you send me some sort of link saying that NO BILLIONAIRE has made money off this??  you cannot.

Billionaires invest, Do some basic research and you will see that they invest money. You dont sit on money, To make money you have to invest.
Your probably a broke idiot with no money to invest,

BTW a Business is an investment noob.
Bitcoin trading is also an investment, similar to stocks.

I know plenty of people, including myself who did this and made a fortune. I invested 10 K cashed out with 150K+ in bitcoins starting in 2011.

[/quote]

wow look at what you point out LOL I know billionaires always invest & don't sit on money(I know this first hand unlike you)
FACTS are they don't invest in things like this... keep up with your dream world!

[coinmaster222]

It's a long lasting downtrend. Wait till it's over.

[Jybrael]

The price will go down it will go up its part the flow of currency. There are plenty of people that have invested a lot of money in it to actually watch it plummet a lot so we will just have to wait and see.

[tabnloz]

Exactly! JUST YOUR OPINION! No billionaire has got rich off of digital currency & none of them will since they won't buy in. Most own many of their OWN businesses... Why would they want to be a sheep & follow the herd like all you nerds. These people make real investments in real things. Not some bullshit Ponzi/pyramid scheme. If anything they buid their own pyramid scheme with them AT THE TOP! Keep that false hope to yourself so others can actually save their money and not lose it to the scumbags manipulating this market.

But many wealthy people have invested heavily in the space. If you take this, and large VC money flowing in, you are presented with a pretty positive picture on where this is headed in the future. Finance / banking / Central Banking practices / CC's / Remittance etc are ripe for disruption.

The two downside possibilities to consider here are;

1.) That this is another dot com boom that will end badly

2.) That the protocol can be separated from the currency

I don't think we are 1 although the investments in tech lately are crazy (SnapChat, WhatApp etc in the billions) and are indirectly due to QE & bubbles. Also a large economic implosion won't help any industry initially.

And 2 is up for debate.