Bitcoin price : still very pessimistic.

[matu]

Yeah, so many bears trying to bring the price down so they can make money shorting

[DieJohnny]

Look at 3d charts and nothing tells me we have turned the corner. We have to have a phase in the graph that is sideways for at least some period before we can start thinking about going up.

I say soonest we head north is September, and a lot of crap can hit the fan before then......

[zimmah]

Still very pessimistic.
-guy_wonderful says.

Price is not relevant only infrastructure, ppl need to stop focusing on the price only.

Go dig the internet for more information it will make you optimistic and exited.

Currently, nothing makes me more optimistic but btc price at 80-120

Yes, I saying, will start buying at 60-80-120. Maybe that's the bottom. With target at 800
And will capitulate at 40. With loosing enormous 24-30%
Flash crash under price level :120 - is highly possible. minimum price could reach then 0 (cents) per btc. be ready....

I know there is three major factors for bear market currently:
+Bitcoin is still very unsafe, that's because of the theoretically possible <51% attack. And worst that nothing can be done to fix this..
+Market are selling bitcoins for about $15kk (:222= 67 264 btc's) every day just to keep system work, that's the electricity bills.
+Technically we are still in strong, strong bear trend.


Secondary factors:
+Banks are negatively disposed in general. (To bitcoins)
+Scientifically proven that btc is not anonymous. (Must check, (rumors tells so))
+A large use of btc for illegal operations like purchase of drugs, money laundering etc. (I personaly know a guy who buys drugs in    
overseas and gets them in envelope by common mail)
+Companies like DELL are immediately converting their crypto profits to fiat.
+"Who makes profits in btc world? In general : there is some successful traders, infrastructure producers, exchanges, electricity companies. All this makes additional pressure."
Others?

Theoretically I could drive a tank to the bank and rob it, and be out with a stealth helicopter before the army arrives to do anything.

And that would be more likely to succeed than a 51% attack.

[findftp]

Still very pessimistic.

Do you think 220 is able to break?
I don't see it happen.
When it does, we're in serious trouble to the downside.

I see no problem to break 163 right "tomorrow".

163 in 7 hours 24 minutes.
You heard it first from me.

Well guys, how are your shorts doing?

[guy_wonderful]

Sells begins.

[kaykawa]

it's imminent
the next major movement... time is fractaline.
I'm saying next movement is MAJOR, next movement is UP.
Next movement will be much more than 50%

imho

[kaykawa]

looks like 2013 

[findftp]

looks like 2013 

Yes! 

This was then:


This is now:


Not exactly the same, but I'm glad I'm in

[erre]

Still very pessimistic.
-guy_wonderful says.

Price is not relevant only infrastructure, ppl need to stop focusing on the price only.

Go dig the internet for more information it will make you optimistic and exited.

Currently, nothing makes me more optimistic but btc price at 80-120

Yes, I saying, will start buying at 60-80-120. Maybe that's the bottom. With target at 800
And will capitulate at 40. With loosing enormous 24-30%
Flash crash under price level :120 - is highly possible. minimum price could reach then 0 (cents) per btc. be ready....

I know there is three major factors for bear market currently:
+Bitcoin is still very unsafe, that's because of the theoretically possible <51% attack. And worst that nothing can be done to fix this..
+Market are selling bitcoins for about $15kk (:222= 67 264 btc's) every day just to keep system work, that's the electricity bills.
+Technically we are still in strong, strong bear trend.


Secondary factors:
+Banks are negatively disposed in general. (To bitcoins)
+Scientifically proven that btc is not anonymous. (Must check, (rumors tells so))
+A large use of btc for illegal operations like purchase of drugs, money laundering etc. (I personaly know a guy who buys drugs in    
overseas and gets them in envelope by common mail)
+Companies like DELL are immediately converting their crypto profits to fiat.
+"Who makes profits in btc world? In general : there is some successful traders, infrastructure producers, exchanges, electricity companies. All this makes additional pressure."
Others?

Theoretically I could drive a tank to the bank and rob it, and be out with a stealth helicopter before the army arrives to do anything.

And that would be more likely to succeed than a 51% attack.

A modern tank and a stealth helicopter would cost way more than a 51% attack (and than any amount u could rob from a bank, except fort knox), not to speak the infrastructure u need to operate them.

[HarmonLi]

Right now, it is a pessimistic and bearish scenario, again. What's interesting is that people seem to be nervous and hesitant to short right now. The market actually really wants to go up, but we may have to make that final correction and confirmation of the trend-reversal!

[guy_wonderful]

Still very pessimistic.

Do you think 220 is able to break?
I don't see it happen.
When it does, we're in serious trouble to the downside.

I see no problem to break 163 right "tomorrow".

163 in 7 hours 24 minutes.
You heard it first from me.

Well guys, how are your shorts doing?

So so

[inca]

Right now, it is a pessimistic and bearish scenario, again. What's interesting is that people seem to be nervous and hesitant to short right now. The market actually really wants to go up, but we may have to make that final correction and confirmation of the trend-reversal!

A quick glance at bfxdata.com shows there are over 20,000 shorts on bitfinex right now. Though I agree with your general sentiment. A few more unexpected jumps back into the high 2xx's and the aggressive 'short all rallies' approach will fizzle out.