BITCOIN is going DOWN

[mayax]

it will reach for sure.

[mayax]

Bitcoin going down again and again 
Now at 255$/1BTC , I hope btc dont reach 200$ in next month 
And i hope again btc will raise up in next month , maybe up to 350$ 

it's 230 USD

[server]

Maybe if people stopped being so retarded and putting money into what is clearly a scam bitcoin might actually survive.

Yes people should invest in projects backed with real value instead of gamble/ponzi "get rich quick"-schemes.

Projects like maidsafe and storj.io are potential game changers for every internet user.
Investing in these projects will give users a voice in the future.

But I doubt if people will learn from past mistakes.

[gog1]

The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD

You thing there must be fake transactions for that trading volume? Chinese exchanges operate with 0% trading fee, traders there are using that for high frequency trading on smallest move. That is generating tons of volume.

can you please tell me how the chinesse exchangers are earning money without fees? They are not voluntaries for sure


https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

http://www.coindesk.com/reality-chinese-trading-volumes/

 http://www.ibtimes.co.uk/chinese-bitcoin-exchange-accused-faking-trade-data-1430122

This is ancient history - the Chinese exchanges brought fees back in long time ago;

Can't believe people still buy into this fake volume theory.

[mayax]

The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD

You thing there must be fake transactions for that trading volume? Chinese exchanges operate with 0% trading fee, traders there are using that for high frequency trading on smallest move. That is generating tons of volume.

can you please tell me how the chinesse exchangers are earning money without fees? They are not voluntaries for sure


https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

http://www.coindesk.com/reality-chinese-trading-volumes/

 http://www.ibtimes.co.uk/chinese-bitcoin-exchange-accused-faking-trade-data-1430122

This is ancient history - the Chinese exchanges brought fees back in long time ago;

Can't believe people still buy into this fake volume theory.

it's from 10 months ago not an ancient history. yes, the Chinese exchanges(and not only) are faking transactions. this is the truth.

[bakedrice]

[galbros]

I agree the Chinese exchanges don't have the coins they claim.  The issue is does that result in the price recovering, as they buy to try and cover the claims on them or a total collapse as everyone loses faith in bitcoin.

I don't think they are fractional reserve, just high frequency.

Example, draw a line across a table, one side of line is exchange, the other side is you, tape a 1 BTC wallet to the rim of a bicycle wheel, $250 on the other side,  now spin it at 500 RPM.... congrats, you just created 30,000 BTC an hour volume. If measured by the forex standard of a buy counting as 1 and a sell counting, each buy/sell pair counting as 2, you've got 60,000 BTC volume.

I like your volume illustration, and they are certainly high frequency, I just don't see those two things as being mutually exclusive.

If the Chinese exchanges are still no fee, admittedly at odds with gog1, then it explains how they pay their bills.

I don't like it, but it is consistent with price moving down on no real developments.

[jjacob]

Bitcoin going down again and again 
Now at 255$/1BTC , I hope btc dont reach 200$ in next month 
And i hope again btc will raise up in next month , maybe up to 350$ 

it's 230 USD

USD 220 now.
Does this qualify as free fall?

[waterpile]

I dont know why people always blame China for every prices fall/rise. Its got to be the Chinese

[tss]

im thinking the bottom is around $150.  so sell all your coin now and buy back when its at $120

[tss]

I dont know why people always blame China for every prices fall/rise. Its got to be the Chinese

the chinese sell you equipment worth $100, you buy it for the "potential" "possible" profit you will make.  they put the difference in their pockets.

[SargeR33]

I really believe the bottom is going to be much lower than $150. We will crack the $1xx tonight. Dump galore. People thought $280 was the bottom, then $250. Any home miner still running this and pay any power bill will be playing this game at a loss.

Check out this buy order on an exchange.

0.01000000   100.00000000   1.00000000

I think this guy was born a retard. He wants to buy 100btc for $0.01 each. There are significantly more buy orders under $200 now.

[borntorun]

Bitcoin could reach Oct.2014 (pre-bubble) levels which is well under 150.

[66tbird]

So I go to shed my last .5 btc and places that used to take them now don't.  I guess I'll sink it into a few more silver eagles.

Zero indicators look good for the poor btc because if there are few places to use them then why have them.

Bye bye, Bitcoin. It was a fun ride.

[mayax]

yes, the many merchants stopped accepting Bitcoin lately.

Bitcoin has a bad media now because it is related to scams, hacks, drugs, terrorists, child porn.

BTC is completely tied to these source of activities. It's not just used for them, it drops in value when these activities don't take place.

Remember Silk Road. The price dropped A LOT after SilkRoad was taking down.

[ssmc2]

yes, the many merchants stopped accepting Bitcoin lately.

Bitcoin has a bad media now because it is related to scams, hacks, drugs, terrorists, child porn.

BTC is completely tied to these source of activities. It's not just used for them, it drops in value when these activities don't take place.

Remember Silk Road. The price dropped A LOT after SilkRoad was taking down.

Yep. And then what happened?