redsn0w
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Merit: 1043
#Free market
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February 04, 2015, 06:46:51 PM |
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Thanks China ! We can buy some cheap bitcoin, is it a positive thing or not ?
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zimmah
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Activity: 1106
Merit: 1005
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February 05, 2015, 01:06:43 AM |
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trend reversal long overdue
To more overdue it is, the more explosive it will be. December 2013 will be nothing compared to the next rally, whenever it will come. We may even see a double rally again. Something along the lines of a rally to $3000, a crash to $800 immediately followed by another rally to $12000 and a crash to $4000 Not saying it will happen, but I would not count out the possibility. It has done so before it could do so again.
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gogxmagog
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Ad maiora!
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February 05, 2015, 06:06:22 AM |
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Isn't it common knowledge that the exchanges, especially the non-USA ones, trade fake coins and fake volume to manipulate the price?
I have no proof, just heard one too many trusted member say as much. Plus it would not surprise me. Wherever money can be made through shady means, there are ample shady players willing to jump in.
Everyone hates regulation, but I hate bullshit manipulators worse.
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johnyj
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Activity: 1988
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Beyond Imagination
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February 05, 2015, 07:27:29 AM |
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I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)
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bitgeek
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February 05, 2015, 09:47:12 AM |
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I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)
Dream on. There are still people willing to pay over $200 and there will be even more of them just waiting to buy at $150 and so on. Sub $100 is not happening unless Bitcoin fails or becomes suppressed by the governments.
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redsn0w
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Activity: 1778
Merit: 1043
#Free market
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February 05, 2015, 10:39:21 AM |
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I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)
Dream on. There are still people willing to pay over $200 and there will be even more of them just waiting to buy at $150 and so on. Sub $100 is not happening unless Bitcoin fails or becomes suppressed by the governments. Under $ 100 dollar , hmm maybe it will never happen ( but none of us have the certainty, it is only a question of speculation).
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Equate
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February 05, 2015, 03:13:31 PM |
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No matter which country dumps , it is always a buying opportunity . Btw what's the source of info ?
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kwukduck (OP)
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Merit: 1001
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February 05, 2015, 06:53:19 PM |
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We just had a small taste of China. Prepare for more soon.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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g-unit
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February 05, 2015, 08:04:39 PM |
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I call bullshit. There will be no massive dump from China.
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LewiesMan
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February 05, 2015, 08:05:33 PM |
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I call bullshit. There will be no massive dump from China.
Just wait and see, I will be.
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g-unit
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February 05, 2015, 08:07:38 PM |
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I call bullshit. There will be no massive dump from China.
Just wait and see, I will be. I love the excellent grammar
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cakebet
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Activity: 229
Merit: 100
CakeBet Bitcoin Casino
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February 05, 2015, 08:11:37 PM |
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It's unclear where they got their info. Here's an interesting look at the state of affairs: http://bitcoinity.org/markets/btcchina/CNYNo matter which country dumps , it is always a buying opportunity . Btw what's the source of info ?
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g-unit
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February 05, 2015, 08:12:33 PM |
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There is no source. It's just the bears' typical bullshit.
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cakebet
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Merit: 100
CakeBet Bitcoin Casino
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February 05, 2015, 08:12:46 PM |
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FUD alert! You are saying there will be a dump.
But the thread next to this one say there will be a pump. Hhmmm wtf
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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February 05, 2015, 09:43:58 PM |
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Well even today's dump wasn't that massive and we're still above $200. I've got to admit that we could go below $200 any day now, yeah. But we could also make a surprise-breakout. I think I don't have the nerves to short the current market. Do you guys, really?
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g-unit
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February 06, 2015, 06:01:38 PM |
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Shorting is dumb. That's a quick way to lose money. Buying and holding long term is the best strategy, unless you know how to day trade. You'll get burned if you try to time the market.
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sgbett
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Activity: 2576
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February 06, 2015, 06:38:46 PM |
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Price falling below 200 within the hour. China is dumping massive amounts.
... why are you here?
To short and make huge profits...
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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chaoman
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February 06, 2015, 07:00:20 PM |
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why do people hate manipulators? This is the free market.
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sgbett
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February 06, 2015, 08:27:51 PM |
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why do people hate manipulators? This is the free market.
Hate is a strong word! I'd say I was more amused than anything
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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