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NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: wachtwoord on August 17, 2014, 09:26:50 AM

... Bid walls close to the price are much higher than the sell walls in front of it. Of course walls can be removed and flash changes in Bitcoin value do occur, but don't you agree the market will move up with a much larger probability than that it will move down?

As much as I enjoy the wall thread, about the only thing I learn from watching walls is people's propensity for reading too much into them.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: TrollinU on August 17, 2014, 10:00:34 AM

Quote from: wachtwoord on August 17, 2014, 09:26:50 AM

Quote from: TrollinU on August 15, 2014, 07:37:19 AM

Quote from: zedicus on August 15, 2014, 02:44:06 AM

Quote from: TrollinU on August 15, 2014, 12:59:02 AM

Why do people continue to post in a thread that is irrelevant?

The fall is much bigger than 40-50 USD.
Buyers will lose and Holders will continue to lose

/thread

I disagree that it is "much" bigger then 40-50. The price previously was in the mid 570-580 level and is trading around 511 now so the fall is closer to 70-80, but regardless of the amount it is still small when compared to other price drops of bitcoin in terms of percentages.

You are right, I thought OP started it around the $600 level. But there is more to come. This market is beaten down right now. The weakness is getting stronger

Have you seen how the market is balanced right now? Bid walls close to the price are much higher than the sell walls in front of it. Of course walls can be removed and flash changes in Bitcoin value do occur, but don't you agree the market will move up with a much larger probability than that it will move down?

I'm not one of those saying it's going to $0. I also think that upside potential is larger than the downside. But it's just that... "potential". The probability is that we are going down first.
The depth means nothing at all. There are more coins to sell than bids in the order books as well as there is more money to buy than asks in the order books.

Then you ARE disagreeing with me. Chances of going up first are higher.

TrollinU

member

Activity: 152

Merit: 10

https://eloncity.io/

Quote from: wachtwoord on August 17, 2014, 09:26:50 AM

Quote from: TrollinU on August 15, 2014, 07:37:19 AM

Quote from: zedicus on August 15, 2014, 02:44:06 AM

Quote from: TrollinU on August 15, 2014, 12:59:02 AM

Why do people continue to post in a thread that is irrelevant?

The fall is much bigger than 40-50 USD.
Buyers will lose and Holders will continue to lose

/thread

I disagree that it is "much" bigger then 40-50. The price previously was in the mid 570-580 level and is trading around 511 now so the fall is closer to 70-80, but regardless of the amount it is still small when compared to other price drops of bitcoin in terms of percentages.

You are right, I thought OP started it around the $600 level. But there is more to come. This market is beaten down right now. The weakness is getting stronger

Have you seen how the market is balanced right now? Bid walls close to the price are much higher than the sell walls in front of it. Of course walls can be removed and flash changes in Bitcoin value do occur, but don't you agree the market will move up with a much larger probability than that it will move down?

I'm not one of those saying it's going to $0. I also think that upside potential is larger than the downside. But it's just that... "potential". The probability is that we are going down first.
The depth means nothing at all. There are more coins to sell than bids in the order books as well as there is more money to buy than asks in the order books.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: TrollinU on August 15, 2014, 07:37:19 AM

Quote from: zedicus on August 15, 2014, 02:44:06 AM

Quote from: TrollinU on August 15, 2014, 12:59:02 AM

Why do people continue to post in a thread that is irrelevant?

The fall is much bigger than 40-50 USD.
Buyers will lose and Holders will continue to lose

/thread

I disagree that it is "much" bigger then 40-50. The price previously was in the mid 570-580 level and is trading around 511 now so the fall is closer to 70-80, but regardless of the amount it is still small when compared to other price drops of bitcoin in terms of percentages.

You are right, I thought OP started it around the $600 level. But there is more to come. This market is beaten down right now. The weakness is getting stronger

Have you seen how the market is balanced right now? Bid walls close to the price are much higher than the sell walls in front of it. Of course walls can be removed and flash changes in Bitcoin value do occur, but don't you agree the market will move up with a much larger probability than that it will move down?

TrollinU

member

Activity: 152

Merit: 10

https://eloncity.io/

Quote from: zedicus on August 15, 2014, 02:44:06 AM

Quote from: TrollinU on August 15, 2014, 12:59:02 AM

Why do people continue to post in a thread that is irrelevant?

The fall is much bigger than 40-50 USD.
Buyers will lose and Holders will continue to lose

/thread

I disagree that it is "much" bigger then 40-50. The price previously was in the mid 570-580 level and is trading around 511 now so the fall is closer to 70-80, but regardless of the amount it is still small when compared to other price drops of bitcoin in terms of percentages.

You are right, I thought OP started it around the $600 level. But there is more to come. This market is beaten down right now. The weakness is getting stronger

zedicus

legendary

Activity: 966

Merit: 1004

CryptoTalk.Org - Get Paid for every Post!

Quote from: TrollinU on August 15, 2014, 12:59:02 AM

Why do people continue to post in a thread that is irrelevant?

The fall is much bigger than 40-50 USD.
Buyers will lose and Holders will continue to lose

/thread

I disagree that it is "much" bigger then 40-50. The price previously was in the mid 570-580 level and is trading around 511 now so the fall is closer to 70-80, but regardless of the amount it is still small when compared to other price drops of bitcoin in terms of percentages.

messibtc

member

Activity: 70

Merit: 10

Looking at the charts seems that the value will recover, the history is repeating another time and holders will have much more profits than traders.

TrollinU

member

Activity: 152

Merit: 10

https://eloncity.io/

Quote from: btcracer1 on August 15, 2014, 01:10:40 AM

Quote from: TrollinU on August 15, 2014, 12:59:02 AM

Why do people continue to post in a thread that is irrelevant?

The fall is much bigger than 40-50 USD.
Buyers will lose and Holders will continue to lose

/thread

Holders won't lose anything, they always have their bitcoins even if they are worth less in this period.

Losing net worth is still losing.
If you went on Newegg two days ago to purchase a PC and decided to wait 2 days, you would be paying 20% more BTC for it today. Don't try to tell me "well I wouldn't buy it and take the loss". Two things; A) There is no guarantee it will ever go back up, and B) Say that when you want to buy groceries to live.
I don't want to argue semantics here, but that is the most illogical argument to defend your cultist views. Don't you want to be different just like everyone else?

btcracer1

newbie

Activity: 45

Merit: 0

Quote from: TrollinU on August 15, 2014, 12:59:02 AM

Why do people continue to post in a thread that is irrelevant?

The fall is much bigger than 40-50 USD.
Buyers will lose and Holders will continue to lose

/thread

Holders won't lose anything, they always have their bitcoins even if they are worth less in this period.

TrollinU

member

Activity: 152

Merit: 10

https://eloncity.io/

Why do people continue to post in a thread that is irrelevant?

The fall is much bigger than 40-50 USD.
Buyers will lose and Holders will continue to lose

/thread

Argwai96

legendary

Activity: 1036

Merit: 1000

Thug for life!

Quote from: Possum577 on August 14, 2014, 03:59:22 PM

Is there any proof that anyone is panic selling? Maybe the selling is calculated, large volumes, and therefore pushing the price down as a result. The pops back up are people buying into the discounted price.

The first I heard of panic selling was from you...

Someone dumped 5000 or so BTC on Bitfinex last night. The result was a margin call cascade. Since that drove price so far below the other exchanges, there wasn't much panic selling. But the panic may be yet to come.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Is there any proof that anyone is panic selling? Maybe the selling is calculated, large volumes, and therefore pushing the price down as a result. The pops back up are people buying into the discounted price.

The first I heard of panic selling was from you...

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Is this, "Pretend Not To Notice People's Race Day"??

http://www.animetoon.tv/family-guy-season-10-episode-6

Forward to 12:51

Reminds me of people like you. People that "don't see" race are the biggest racists ever.

Good luck. Hope you find what you are looking for in life.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I think most of the people panic selling are the ones holding 1 BTC or something like that. Multiply that by a lot of people and there you go. Most of the heavier holders are just scooping up more, or just sitting tight because they know this is temporary.

traderCJ

sr. member

Activity: 280

Merit: 250

Bottom line, for the people in here to retire early on the back of a Bitcoin investment, you'd better pray for more "investors" like Devin Chow.

Febo

legendary

Activity: 2730

Merit: 1288

Depends where you live, but at some parts of world, with 50$ you can buy lots of water.

CoinDiver

hero member

Activity: 778

Merit: 1002

Always buy. Going down. Going up. Always buy. Anything else and you'll lose money long term.

Sevvero

sr. member

Activity: 350

Merit: 255

Quote from: lihuajkl on August 13, 2014, 11:05:53 AM

Quote from: Capt Drake on August 13, 2014, 10:35:32 AM

I think the downhill is no over, the short trend is going down. The price recovered to 550 and I think it will be at 580 before another drop to around 510.

For the one who believe BTC's potential he will be happy to see the price drop down. He thinks it is a good time to buy.

Not really, what you said there is really, really stupid.

Why the hell would you think it's good idea to buy in a downtrend? It's only a good idea to buy at reversal.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Racist? Yeah, I'm racist because I disagree with the behavior of somebody with a different color skin than me.

You are just another white guy that never references race for fear of being labeled "a racist".

CO-WARD.

"Yeah, I'm a racist because I disagree with the behavior of somebody with a different color skin than me."

(A) That is, in fact, the definition of a racist;
(B) Behavior has nothing to do with skin color... it may have to do with culture and upbringing (clearly, you were raised by somebody very ignorant);
(C) I don't make references to race because they are illogical (and, also, I grew up in a multiethnic household)... there is no scientific basis for it nor is it something that occupies my thoughts next to ever; and
(D) You said you wouldn't go all in because of logistics... did you stop and think that maybe that's why some people (those with brains that function better than yours) didn't take the entire ride down... because they have to pay for things like rent and like to have things like savings.

You, sir, are genuinely stupid.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Quote from: Newbie1022 on August 14, 2014, 12:42:04 AM

Bro, if you think this is such a good time to buy... why aren't you selling your house, your car, and all of your belongings? I don't see volume commensurate with such behavior so I am going to go ahead and call bull----... you are just sad you are holding a bag, aren't you?

Bro? Are you an Indian hawker trying to sell me something on the street?

"Sup bro...you want nice suit, Bro? I got nice suit for you, Bro."

Wtf is it with guys from India, regardless of where in the world, calling me "Bro" when they are trying to sell me something on the street? Is "Bro" taught as a term of endearment in language schools in India or something? Fuck me these shitheads are annoying.

...just like you.

Let me get this straight. You see a correlation with my comment and selling EVERYTHING I own to buy BTC? You "bro" are a fucking moron.

I have faith in BTC. I have a lot of faith. The price WILL go up in time. That much I am certain. The problem is, I live in a world where I can't spend BTC as easily as fiat. So no, dipshit, I can't do what you propose. Not because I don't have faith...but because of logistics.

Is this the only way to "prove" that I have faith in BTC? By selling everything and buying all BTC?

Goddamnit, I should have stopped reading at "Bro" because you are a fucking retard.

Oh yea, and besides losing all of your money because you are incompetent... you are also a racist. I am white and an American... but you are still a bigot.

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