*raises hand*

I've seen this dozens of times but not sure if I'm understanding it right. Please clarify bull, bear, bull/bear trap, fud, ta, hodl, red candle, green candle, firecracker, sparkler, etc?

Bulls expect the value to go up so hold their investments and ride it up. Bears are more like chicken little, the sky falls every time there's a drop, so they freak out, sell off and doom the thing to hell. Bulls like it when bears panic sell because the rates to buy are way low, due to a flash crash...and then a rally happens when people - the bulls - and whoever else start buying up fast, which increases the price/value and makes everyone's investments worth more at the end but meanwhile bears and bulls like to scare the crap out of each other to see which one caves first?

Is that about close?

Yes? No? Sorta? Thanks!  

Yay!! I got something right - I figured ta was probably trend analysis but with all the code words, buzz words and such I wasn't 100%

Bulls lean to long term value and bears lean to immediate gratification is how it seems reading all yalls comments back and forth (funny pics included, the falling bear out of the tree was a good one).

One more - this bubble...is this a good thing, bad thing, no biggie, or ?

Thanks!

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

Right - I know it isn't predictable to any given day, but it seemed like what I read was about we'll always know what btc is worth in real value, not artificially inflated or deflated, and based on - which is where it's sketchy but I *think* it was based on something like how many people are buying or making transactions the value is calculated so the ups and downs are knowable.

I've read so friggin much on here it's hard to remember it specifically but that was the impression it gave me - that the match behind bitcoin provides some calculation that tells what the value is and going to be based on use or something.

Anyway, no problem...just curious Thanks!

THIS ^^^ this is what it was...exactly...so it's about the mining and not the value of the btc itself...got it! Thanks!

I have read sooooo much stuff (even read over half of THIS entire thread - dedicated n00b yo) - so yeah I definitely got crossed there, though it would've been even cooler of Satoshi if he'd have just coded the whole thing to make everyone financially secure and never impoverished since clearly he was already a genius level nerd  

Take a page from the geocaching crowd and make rock looking caches to hide private keys in? Geocachers are a creative bunch with their hiding skillz.

For any US folks still awake - what's your call on which camp is apt to be more pro bitcoin, red states with the pro god anarchist anti governmentish up in your business anyway science hating republicans or the anti god pro science pro arts live and let live government up in your business dems?

Good luck with that.  

ETA - I'd trade on a us exchange since I figure I'd have to. Would there be a huge wait time on a transfer outside the us to a us bank? If one site has a better buy rate than another, does it matter where I am - meaning can I use any of them wherever they are in the country or should I be going with us exchanges?

For a new market, if the price dropped to $100 or less, the traders and speculators might blow a gasket and drop out on a loss, vowing btc is over, but for the public, a campaign that they could pick up btc very low and ride it up is going to entice a whole lot of OTHER people just hearing about it. If they saw it as a ground level opportunity and recognized btc's long term value I can see that bringing in new money.

Why wouldn't it?

I, too, would probably sell a kidney to buy up as much as possible from the ones who are convinced it's dead and buried...at a steal

So much for the bouncing kitty....

Is the bottom considered the low for any given day? If so, is it now 347 (low)? Please explain. Thanks.

Bottom??

Just dropped to 339 low for now...in as much time as it took to hit send and reload.

Still asking - what is "the bottom" meaning here? The low?

Maybe this mood music is more fitting for what's happening tonight, eh?  

https://www.youtube.com/watch?v=lV8i-pSVMaQ

Speculate on the high/low for

Friday
Saturday
Sunday
and Monday?

What do you mean by that, please? Thanks!

Thank you Still learning!

Why yes, yes we did 

Speaking of which

https://www.youtube.com/watch?v=hmbEuRzlhIs




...that has nothing to actually do with it but it was either this or an Orca and this is funnier.

Bonus: how many budding serial killers can you spot in this crowd? 

Please explain.

I'm not seeing the logic or sense in selling 30k bitcoin at 300, driving the price down and then buying it back up for 200 or whatever. Why not just keep it and help push the price UP?

Now would be a good time to sign up with Circle so you can go ahead and get you some! 

Hope the Feds aren't monitoring his address!  

ETA - Unless the whale is the Feds!

Why can't it?

If enough people freak out, or anyone else puts up a 30k sell order, it could go to zero pretty easily.

Me neither.

More importantly is how full of shit they are.

These clowns keep insisting bitcoin is worthless junk.

Okay...here's my address. Just send me over all your worthless imaginary magic junk please. No, I'm not paying you squat for it if it's not worth anything. Send them over please.


1NdroChmE1XsxkCMyGqywPrUtn2Zdvdmm1


Exactly. Because you know that even at a falling or bouncing 300, that bitcoin is obviously worth something.

Hence, you're just full of shit.  

I haven't so far...so for the sake of the n00bs, what's about to happen? 

I like bitchick's answer best.

I admit I would love to see it tank a little harder, high 100s or low 200s...for about a week or two.  

Only for those incapable of knowing a hell of a bitcoin sale when they get one!

I'm sure it does but a $100 - $150 drop from 300s isn't nearly as stomach wrenching as that freefall from $1200 to $300...if they got through that, they'll live another hundred bucks.

I still bought at 330 but I would rather buy 10 at $100 a pop than $350...plus, it will help me feel like I still managed to get in on bitcoing pre 1200 days, so I can enjoy the next train ride up!  

Also telling what the actual paradigm is of the one guy in particular when he wanted to know how to use bitcoin to transfer fiat.

I felt a face palm coming on  

I wish the spokespeople for bitcoin would just once have the balls enough to say, we're giving you room to participate in making bitcoin a safe pain in the ass free alternative to your worthless fiat, but if you think you can regulate it out of existence, think again. It's here to stay. This is just professional courtesy...you don't control shit 

If it happens, it won't be for long. Most will jump in to pick up "cheap coin" and it'll go back up.

Only if it drops below 325   But I'm okay with it if it does because it's more for less. Maybe I'm missing something but "buy low" is the better deal, no?  

and "textbook bull trap"

please explain for non traders like me so I can understand what you guys are referring to! Thanks!

I bet she knows how long you take!