where were you hiding all this time ? since 2011, just don't tell me you never sold ? this maybe the reason why you are pissed or afraid ?

interesting, most of us here do have a wife, kids I personally don't have a dog, didnt ask you about that really, you know just saying...but this makes me think about the timing of your post? not only you I have seen many members like you the last couple of weeks pop up of no where to tell people "it is ok" and "let the sheep burn"....

Bitcoin will continue the downtrend, according to a research note by finance giant Citi. The two main factors that the Bank blames for the price going down are miners and merchants. Citi estimates that mining adds around 3,500 new bitcoins ($1.75 million) every day. Because of the ever increasing difficulty of mining, the majority of these coins are quickly liquidated on the market to cover electricity, cooling and other costs.

”If the miners are a steady source of supply and there is no increase in final demand, we have this overhang of bitcoin being sold in the market. In consequence, we have downward price pressures.”

Citi also thinks that the large merchants that have recently adopted bitcoin (DELL, DISH) will be a net negative for the cryptocurrency. Due to regulatory and accounting rules, these corporations can’t hold the bitcoins they receive, even if they wanted to do so. They have to sell them as soon as possible to avoid taking on ”speculative risk”, thus contributing to lower prices.

Let us take it for granted that there is a concerted manipulation effort to drive the price lower.

What knowledge do you draw from this fact? How does it help your trading?

If the manipulator is able to achieve his desires with a minimum of resources, and there is no opposition to him, be it from opposed manipulation or natural buying, then what does it tell you about the state of this market?

Not sure, but is this a test of sorts? I'm absolutely sure I'm not the only one outperforming the market (i.e. buy & hold), and pretty sure there are a lot more successful traders than me, both in percent and absolute profits. I'm doing... okay.

Anyway, I only started trading last year, and wouldn't claim I really know what's going on, and handle other people's money. Also, a very practical consideration: in an illiquid market like this, I'm already struggling with slippage at my current volume. No idea how that could be handled if managed funds are more - guess that requires a completely different type of trading strategy, that I simply have no clue about.

I don't know anyone who owns a single satoshi anymore.  All 5 of my friends have sold and won't be back when they saw they were down $60-120/coin, somewhere around $50k in investors.  The 2 guys who used to talk to me about btc think I am trying to scam them.  My neighbor used btc to get a discount on a new laptop; he bought them literally at the last possible second so that they price would not drop during the time that they were in his address.

There are 3 main classes of btc owners, IMO:
- the majority with less than 5 coins
- the middle with 5-300 coins
- the bigger guys

These drops are not about btc value.  They are not about price discovery.  It has nothing to do with TA.  It is just the big guys taking money from the smaller guys.  I have spent 7 months staring at the charts and watching buy/sells scroll buy.  Every drop is started by 200, 250, 300, 350 coins market sells, followed by more large sells, then the rest with 1-10 coins trying frantically not to lose money (which of course the always do).  The big guys have their buy orders a few percent off the top, buy back in.  Rinse and repeat day after day, as the price drops day after day, so the big guys can make their easy profits.  And then defend the 7k dump on Bitfinex as natural market movement.  And defend the big dump on BTC-e a few days later as a natural market movement.  And complain that people refuse to buy the price up for your next dump.

We are not in a bear market.  We are in a market where the big guys make more money on dumps than price increases.  And dumps are SO much easier.

The smug big guys in this thread like to say we are in accumulation phase.  No, we aren't.  We are in the "take the newbies' money" stage.  They are also the guys who encourage trading, instead of holding.  See, they don't make money from you when you only hold your coins, they need you on an exchange.  Goldman, etc., are replaced by anyone who holds 1 or 2k coins and can initiate dumps or walls.

Some of the big guys here are talking about $300 coins.  Good luck with that, I hope you achieve it.  Everyone except you will have sold and left btc.  Everyone else will have lost half their money and left the technology for good.  You will likely get $50, $25, $10, $1 coins, too.  A Pyrrhic victory.

This short term thinking drives the price down, hinders new adoption, and drives out anyone who has adopted recently.  Remember that when you see the charts that say btc adoption has stagnated: why would the average person hold coins that have dropped over 20% in the last 2 months and 60% in 9 months, for exactly no reason?  Why would a newbie even CONSIDER buying btc when he is guaranteed to lose money?

I am thinking about dropping out of trading myself.  I will keep a percentage of my coins in a cold wallet, sell the rest.  This crap happening in the market is unbearable.  I would rather deal with wallet street than bitcoin markets.

And no, I haven't lost coins trading.  That is only because my trades rarely last over an hour.

falling wana make some money fast?

We're not allowed to go up. After 9 months of going down and reaching a very low point, even now we're not allowed to go up.
This aren't people who want cheap coins. They simply try to kill the market. There is no other logical explanation for this behaviour. These guys won't stop till we reach 0. They just won't stop. So fucking tired of it.

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
How much more obvious do you want it?

They are bound by the laws of game theory and the natural dynamics of the market, just like everyone else. All you have accomplished with this post is circularly self-describe and tautologically affirm your own opinion.

380  before end of Monday guaranteed.