The news and forums have not convinced to to stop hodling.
This is the begin of a down trend. 600$ in 6hours.
<20$ you call a downtrend?
LOL love to listen to people defend their electric cars as if they're saving money or the environment. You do realise the astronomical polution and ecological cost in producing the cars and shipping them over the world. Oh and where do you think the energy comes from to make electicity?! Also the surface temperature of the planet has been cooling over the last few years not warming and the ice feilds have been thicker and further north/south than before. Global warming is the world governments biggest con. There is no direct correlation between rising C02 emmisons and global warming. There used to be until about 17 years ago when the correlation stopped but even still the gorvernments of the world peddle the need to be green to you and TAX you for the privaledge.
https://en.wikipedia.org/wiki/Who_Killed_the_Electric_Car%3F - this is why we dont have electric cars
Good news is that sooner or latter he'll get punished. For some reason I imagine him behind the bars, this is where he belongs. Do you think there is a chance that he's someones pupet? It not a joke to play with millions and leave so many people angry.
Anyway, another problem - btc price is going down. Could we focus on that and do something?
It doesnt really maters - fud its or not - bitcoin is going down for more than 4 months. How naive one must be to believe, that in a month or two it will boom to 500-1k? I say bars will run it down to the button, trample reputation and any wish for old-buyers to invest again. And then media will step over it again. No good
This person likely said the similar speech when it reached $35 ATH; BS warriors need to be ignored.
I'm up about 400% on my BTC trades. How about you? Oh, because I don't subscribe to delusions of grandeur I'm a BS warrior? Fuck you.
Another ignore, I also think that u're retarded.
"Most mainstream financial journalists try to link the daily market action with the news of the day, as if the markets did nothing other than react to news. In general terms, they make the assumption that if a market fluctuation coincided with or followed a news event, then the news event must have caused the market fluctuation. Due to this modus operandi, it is not uncommon for journalists to cite the same event when attempting to explain a price rise one day and a price decline the next. For example, if the stock market rises one day and then falls the next, and at the same time there is news of a Greece bailout, it would be typical for the press to link both the rise and the fall to the bailout news.
The linkages between news events and market action that are concocted by journalists are usually banal and uninteresting, but occasionally they are so ridiculous that they are laugh-out-loud funny. An example of the laugh-out-loud funny variety is the explanation for last Friday's decline in the gold price in the article linked HERE. We started chuckling as soon as we read the opening line..."
http://news.goldseek.com/SpeculativeInvestor/1271772000.phpwhat is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.
11 million as Satoshi is in for the long haul.
Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.
depressing? is that the right word?
if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.
let us see then how much are they willing to pay.
I say 500.
I say its the most stupid forecast and explanation I ever heard.
Guys, how do you put stop loss orders? Do you trust it to third party? Dont afraid to?
Thanks!
Are there still people here who believe this is just "shaking out the weak hands" and that we're about to go to the moon?
Let's call it what it is. Bitcoin is failing. People are getting out. Moving on to other things.
The peak is over. This WAS the bubble you all were waiting for.
There isn't massive user adoption that will raise the price. Companies aren't standing in line to use Bitcoin. Wallstreet isn't dying to get in.
Everybody has been saying that to the point where everyone thought it was true Well it isn't. You've been lied to.
The price won't bounce back. Feel free to give me one valid reason why it should. You can't.
Smart money is getting out. Just like i just did. But i won't go away. I will keep on coming here to see how you fools will post charts every day to show how we are about to go to the moon while in the meantime the price goes down and down.
I will probably laugh as well.
I'm selling in localbitcoins.com and today got 3 massive buys because of the price drop. Dont believe such people like ShroomsKit because they dont believe that they're talking about.
On Bitstamp the bid sum / ask sum ratio stays around 400$, compared with 700$ a month ago.
Just some minor FUD can trigger capitulation. The bulls need a miracle to avoid it.
I noticed as well. Really admirable how the price is still holding in the high 500s in the face of this ask pressure. By the way, the 2% divergence between Western and Chinese exchanges is being resolved by the Western ones following. Seems that China still has more influence than I thought? Is Jorge right after all?
I agree, crash into 400's or even lower is probable scenario. On the other side I can't bring myself to short as another probable scenario is, that there are very creative entities, interested in let the market looking weak.
You dont have a clue what are you talking about, do you?
i fucking hate mcdonalds , why do they give me a coffee so hot i cannot drink it for 30mins! why, i ordered coffee to go, not coffee to bring home with me and wait 30mins to drink!
it feels better bitching about it to you guys, i'm ok now.
carry on.
sell ur btc and get some proper food, u poor little thing. Otherwise u'll become fat and health-less.
What would be dead is the inflated expectations of a few overzealous people. That's all.
So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?
Honestly answer the question. 2014 is nearly over, it's been 10 months.
Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?
If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.
Sticky please. First post everyone should read who enters this forum.
This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.
Now go ask the same question to those who bought in 2012/2013 and come back in a few years.
Is that what a "store of value" is? Buy today, lose more than 1/2 the value in several months, and then hope we have a bubble that goes 10x my initial buy-in a few years later? Is that a "store of value"?
scarsbergholden: You seem to be exaggerating a little bit and playing ignorant. I believe that store of value merely means that by the time you cash out, the asset is worth at least the same and potentially more than it was worth when you purchased it. Surely, with storage of value, you would probably like it to hold at least the value of relatively stable storage of value mechanisms... maybe expecting some appreciation of value between 3 to 5% per year. Of course, if it gains greater value than otherwise stable value storage vehicles, then that would be icing on the cake.
Its the worst storage of value ever... At least for a short term or if not riding the waves.