Just dumped all my BTC :(

[jonald_fyookball]

selling after a huge run down in price.  
Great move.  

If you believe in the fundamentals, this
is the worst time to sell... (If you
don't, you should have sold a while ago.)

[1714644795]

1714644795

[flipstyle]

LOL at all the old timers here.....

BTC is most likely going below $100. Why buy his coins today when you can buy his friends coins at $100 in a few weeks.

 

Why do you think it is going to dip to below $100? I think it will stabilize around $200.

And what makes you come to the conclusion of $200?  

It has just enough chance to head to $50 as it does to $150 at this point.  This is purely a speculation game.  But no big positive news about bitcoin means no influx of new money from 'new' arbitrary investors (no, I'm not talking about start up companies, but the regular joe schmoe on the street).

[Triffin]

But no big positive news about bitcoin means no influx of new money from 'new' arbitrary investors
but the regular joe schmoe on the street .

By my math 3,600 BTC daily emission rate currently requires
about $792,000 worth of "new money" from the Joe Schmoes on a daily
basis @ $220 per BTC ..

They're getting tired of supporting a losing proposition ..
Miners will keep dumping or they can hold and hope for better prices later ..

Triff ..

[jonald_fyookball]

But no big positive news about bitcoin means no influx of new money from 'new' arbitrary investors
but the regular joe schmoe on the street .

By my math 3,600 BTC daily emission rate currently requires
about $792,000 worth of "new money" from the Joe Schmoes on a daily
basis @ $220 per BTC ..

They're getting tired of supporting a losing proposition ..
Miners will keep dumping or they can hold and hope for better prices later ..

Triff ..

yep, thats it.

Not sure why some people want to ignore the elephant
in the room, but its pretty simple.  More supply than
demand means price falls. 

That's ok though, give it some years.  Things can change.

[darkota]

I really didnt wanna do it, but there just seems to be no fucking bottem... Such a persistent steady down rise. I hope another ALT will rise, Ill hop on ASAP. LTC seems to be moving..

That made me laugh. Litecoin is the last coin I would buy if given a choice. There are only two main niches that I believe cryptocurrencies would be widely used for.

1) Transparency
2) Anonymity

#1 is taken by Bitcoin at the moment. #2's winner is yet to be revealed, but is likely by either Monero or Darkcoin.

[beetcoin]

IMO, price is going down not because some sort of flaw in bitcoin's infrastructure, it's just that bitcoin or any other cryptocurrency does not justify the price that bitcoin was sitting on. so I really doubt another crypto will take bitcoin's place.

[SimplisticStu]

I am into BTC for the long haul, that includes seeing the price crash through the floor. But with BTC it will get back up, brush itself off and turn on the burners and fly to the moon 

[DannyHamilton]

Why buy his coins today

Because I could.

when you can buy his friends coins at $100 in a few weeks.

I will.

[cflocation]

Have fun on your new adventure. We will be here when you come back home.

[cryptworld]

I think you did it in the worst moment

when small fishes start to come out is a sign to enter the market

[dload.1]

Why buy his coins today

Because I could.

when you can buy his friends coins at $100 in a few weeks.

I will.

lol good answer. 

[johnyj]

This thread should be in the speculation sector, I can see that all that OP want is fiat money

[wickedgoodtrader]

In stock markets, it is usually the best time to buy when everyone lost confidence and couldn't see the bottom. I am applying the same rationale to bitcoin.

Yes, but in the stock market there aren't 3600 shares released a day and sold on the market.

100% the reason BTC is falling is because of the 3600 coin reward. I actually just shorted some today. I will add to my position anytime BTC spikes.

Back in the day it may have been the coins were being hoarded by the miners. It's obvious that whoever is controlling most the mining now is dumping them. I don't foresee this changing.

[jwcastle]

As with all types of investments, you need to diversify. Don't put all your eggs in one basket.
If you plan to invest in cryptocurrency, diversify with BTC, LTC, and some riskier alt coins.

As for me, I owned 200 shares of Apple stock when it was $19 per share. It split half a dozen times since then. If I held on to it, it's probably worth around $600K today.

[Bit_Happy]

Yes but when will it end... Been waiting on it for months. Still going down.

There have been plenty of 'rallies' on the way down. Learning to handle a bear market is a valuable skill.

[mayax]

In stock markets, it is usually the best time to buy when everyone lost confidence and couldn't see the bottom. I am applying the same rationale to bitcoin.

Yes, but in the stock market there aren't 3600 shares released a day and sold on the market.

100% the reason BTC is falling is because of the 3600 coin reward. I actually just shorted some today. I will add to my position anytime BTC spikes.

Back in the day it may have been the coins were being hoarded by the miners. It's obvious that whoever is controlling most the mining now is dumping them. I don't foresee this changing.

who is the biggest miner? cex.io just suspended its services today. I think it had around of 60% from network.

[cyberpinoy]

In stock markets, it is usually the best time to buy when everyone lost confidence and couldn't see the bottom. I am applying the same rationale to bitcoin.

Bitcoin is not a stock, its not even a currency there is no demand for it, STOP comparing it to stocks and currencies. Until the developers get off their asses and create a demand for this coin it is nothing. intangible invisible property anmd nothing more. Its a gateway for gamblers and porn watchers, for drug dealers and criminal and terrorists and nothing more.

I really didnt wanna do it, but there just seems to be no fucking bottem... Such a persistent steady down rise. I hope another ALT will rise, Ill hop on ASAP. LTC seems to be moving..

You, sir, have what is termed "weak hands".

You sir have what is termed "blind faith"

I really didnt wanna do it, but there just seems to be no fucking bottem... Such a persistent steady down rise. I hope another ALT will rise, Ill hop on ASAP. LTC seems to be moving..

Thanks for the cheap bitcoins.  I appreciate the sale.  If you happen to acquire any more for any reason, I suggest you sell them as quickly as possible so I can get some more.

I call BULLSHITY, if you really were  really buying that many coins then the price would not be diving so hard. Your an idiot Show us your wallet address. let us confirm how many "Cheap Coins you have really bought this past week HAHAHAH. No talk needed just a wallet address YOUR wallet address since you are to cowardly to list one

I really didnt wanna do it, but there just seems to be no fucking bottem... Such a persistent steady down rise. I hope another ALT will rise, Ill hop on ASAP. LTC seems to be moving..

Thanks for the cheap bitcoins.  I appreciate the sale.  If you happen to acquire any more for any reason, I suggest you sell them as quickly as possible so I can get some more.

THIS.

to anyone else thinking of selling at this price:
Every time someone sells their coins, then that means some one else bought them at that price.
before you sell them, always think: who is buying at this price? are they buying at a low in order to sell at a high or am i selling at a low? do i really think btc price is going to 100, 50 or 1? what has changed since i decided to buy in at the price i did? what will be needed to change to get the price back above my buy in price? can it happen? can i afford to hold until it does? are bitcoins tulips 2.0, or something more?
the market allows winners to take from losers. in order for them to do that, winners buy low (from ppl selling low) and sell high (from people buying high). once this has really sunk in, you think about your trading very differently... really! (its so so simple its actually hard)
/arrogant rant over

Very few people are winning in Bitcoins right now, since there is no demand for Bitcoin, the only thing it has is its tradable value and since you have more sellers than buyers, the price declines, the problem is you guys and your FHP (false hope posts) are contradicting to what is really happening. If all these people were buying the coins as fast as people were dumping them the price would never move, but the honest truth, it has done nothing but decline the past 7 months. DECLINE DECLINE DECLINE, which tells the true story that all you idiots telling everyone "thanks for the cheap coins" and " yes sell your coins so i can buy them cheap"  and "Way to go dont let the door hit your ass on the way out Ill buy all your coins" You guys are all talk and no proof, These members rarely have a bitcoin address listed so you can see the proof of thier lies, they have no websites, they have nothing contributing to Bitcoin except the normal pump scam and false hope posts. and the market tells a different story than them. Ill believe the market not the morons posting this crap.

selling after a huge run down in price.  
Great move.  

If you believe in the fundamentals, this
is the worst time to sell... (If you
don't, you should have sold a while ago.)

What makes you feel their are any kind of fundamentals in a currency that has no demand. Please learn a bit about what fundamentals are in currency trading. Fundamentals are based on insight into how price action “should” or may react to a certain economic event, based on the response of the market during that same economic events movement the previous months in conjunction with that events movement the previous year . Since there are ABSOLUTELY NO economic events that would alter or move the bitcoin market THERE ARE NO FUNDAMENTALS IN THE BITCOIN MARKET., WAKE UP PEOPLE there are some true Forex traders in here who just laugh every time they read one of you idiots talking about bitcoin fundamentals and technical urinalysis, trying to play the big wig forex analyst.

[Melbustus]

Average Joe dumping thread needs to add:
13) Make sure to advertise the alt you really want to succeed when telling everyone you sold all of your bitcoins.

lol, yeah, that's definitely the tip-off of the unsophisticated mind having a knee-jerk panic reaction. Not realizing that if BTC fails, they all fail, is classic AverageJoeCrypto.


The downtrends suck, of course, but if you don't have a 10yr+ time horizon, then you're doing it wrong. The ecosystem has gotten much larger and healthier over the past twelve months, while the disconnect with price got wider. It happens (especially after mining goes exponential for 2 years).

[flipstyle]

Very few people are winning in Bitcoins right now, since there is no demand for Bitcoin, the only thing it has is its tradable value and since you have more sellers than buyers, the price declines, the problem is you guys and your FHP (false hope posts) are contradicting to what is really happening. If all these people were buying the coins as fast as people were dumping them the price would never move, but the honest truth, it has done nothing but decline the past 7 months. DECLINE DECLINE DECLINE, which tells the true story that all you idiots telling everyone "thanks for the cheap coins" and " yes sell your coins so i can buy them cheap"  and "Way to go dont let the door hit your ass on the way out Ill buy all your coins" You guys are all talk and no proof, These members rarely have a bitcoin address listed so you can see the proof of thier lies, they have no websites, they have nothing contributing to Bitcoin except the normal pump scam and false hope posts. and the market tells a different story than them. Ill believe the market not the morons posting this crap.

Don't anger the shills.

It's only TO DA MOON! And THANKS FOR DA CHEAP COINZ OMG HEHEH AWESOME!! in their world.  

I come from the precious metals market myself, so I know this mentality all too well.  Silver bugs --> Bitcoin Bugs.  They'll shill til the sun don't shine.  

[cyberpinoy]

they are not called "precious Metals" they are called commodities Bluff one called, where is your bitcoin address to show you are buying these coins Bluff 2 called.

just another False Hope puimping poster who is not buying coins but sitting there watching his investment fall to pieces praying to whatever god he uses that people will stop selling their coins.

Luckily I am not financially invested in Bitcoin from my pocket, But it pisses me off how the developers are so willigng to let things ike this happen over, and over, and over and over and over. Its bullshit. we need stability, we need certainty, we need something to attracts real investors. and what is goin on now happens all the time and does not help our cause. I believe in bitcoins and I dont care who sell what as far as my money in my procklet goes. I made my ROI a long time ago, But I would love to see something productive in here.

I think both the true FUD and the FHP posters need to just shut up we need truth, newcombers need truth not bullshit. I give truth, I tell the real story not some biased bullshit based on my own personal profits in mind.

This whole Bitcoin talk community seems to have one thing on your mind YOUR OWN POCKETS. maybe if you guys came together as a team combined your efforts, bitcoin would have had a demand by now.

But all the vets in this forum especially sit there talk about how they are buying coins so cheap ( and mind you they are buying nothing just biting their nails as they watch thier investment losing traction and money right now) they act so high and mighty, yet none of them combine forces and investments to secure thier own investment. The best thing bitcoins has going for it right now is the Wilkenvoss brothers trying all they can to get High dollars investors on NASDAQ interested. they have attempted to do more work for bitcoins value so far than anyone else involved including the devs.