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Topic: 300 is broken, to never see again (Read 6267 times)

full member
Activity: 812
Merit: 100
May 17, 2016, 10:00:50 AM
We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

Year and a half later...zzz
sr. member
Activity: 252
Merit: 250
January 08, 2015, 02:36:04 PM
Where are we headed from here?
Probably sideways until it becomes clear if Bitstamp is going bust.

I say down while people have no reason to believe that Stamp will goes back

I say up and down between 270 and 320 until the bitstamp thing's over.
yes I agree, the numbers in the exchanges are within this range
member
Activity: 63
Merit: 10
January 08, 2015, 12:19:54 PM
Where are we headed from here?
Probably sideways until it becomes clear if Bitstamp is going bust.

I say down while people have no reason to believe that Stamp will goes back

I say up and down between 270 and 320 until the bitstamp thing's over.
legendary
Activity: 1120
Merit: 1000
January 08, 2015, 10:16:17 AM
Where are we headed from here?
Probably sideways until it becomes clear if Bitstamp is going bust.

I say down while people have no reason to believe that Stamp will goes back
legendary
Activity: 1722
Merit: 1000
January 08, 2015, 10:12:30 AM
Exchanges shutting down.

Everyone that accetps BTC instantly sells.

Many places that accepted BTC stopped.


This is not bullish in the slightest.
full member
Activity: 210
Merit: 100
January 08, 2015, 12:41:33 AM
Where are we headed from here?
Probably sideways until it becomes clear if Bitstamp is going bust.

Have a look at the price TA I have been doing. https://bitcointalksearch.org/topic/bitcoin-technical-analysis-869082

We are in a very strong falling wedge with no real attempt to break up. There will be bumps along the road where traders can make some money. But like someone mentioned here, big money has shifted from bullish to bearish making money on Shorts or Puts.

Eventually, we will see these same players going into Calls and creating long bullish positions. And with the coins being harder to mine, you will see a bigger rally. And rinse and repeat.

Someone else mentioned that Microsoft and other big companies are accepting Bitcoin and that for that reason it will never die. I think they are just targeting a audience, and it doesn't mean they believe in the coin.


The true value of the coin is not it's price. Have and hold one or two or five coins now. And thank the Blockchain later in 5-10 years. Yes, Five to Ten years.

Marketing =)  As a tech company, or really any business with anything to do with computer hardware/software/or services, you would almost be crazy not to.  Accounting is manageable, risk is almost nothing for a merchant, set up in minutes, less fees, attract the already accepting bitcoin community, separate yourself from competitors that are old and boring, give yourself an innovative image, potentially learn some loyalty points, and referrals from educating customers who spread the word... All for, really no (or very little) investment... Volatility worries gone... just pure opportunity.
member
Activity: 79
Merit: 10
January 08, 2015, 12:28:06 AM
Where are we headed from here?
Probably sideways until it becomes clear if Bitstamp is going bust.

Have a look at the price TA I have been doing. https://bitcointalksearch.org/topic/bitcoin-technical-analysis-869082

We are in a very strong falling wedge with no real attempt to break up. There will be bumps along the road where traders can make some money. But like someone mentioned here, big money has shifted from bullish to bearish making money on Shorts or Puts.

Eventually, we will see these same players going into Calls and creating long bullish positions. And with the coins being harder to mine, you will see a bigger rally. And rinse and repeat.

Someone else mentioned that Microsoft and other big companies are accepting Bitcoin and that for that reason it will never die. I think they are just targeting a audience, and it doesn't mean they believe in the coin.


The true value of the coin is not it's price. Have and hold one or two or five coins now. And thank the Blockchain later in 5-10 years. Yes, Five to Ten years.
legendary
Activity: 1204
Merit: 1002
January 07, 2015, 11:51:15 PM
Where are we headed from here?
Probably sideways until it becomes clear if Bitstamp is going bust.
full member
Activity: 322
Merit: 101
January 07, 2015, 10:43:57 PM

Powerfull $300!!

But i want it back to $600, that was a good price for me... Hold is the option now, only time will fix it.
We will get there. We will be patient... $600 or more
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 07, 2015, 10:42:25 PM
#99
Where are we headed from here?

Forward  Cheesy
full member
Activity: 224
Merit: 100
January 07, 2015, 10:36:27 PM
#98
Where are we headed from here?
legendary
Activity: 1414
Merit: 1000
January 07, 2015, 10:33:08 PM
#97
OP, how does it feel to be proven wrong within 4 days? you fuckin' chimp.
I just wish I had picked up more in the $260s.
legendary
Activity: 3346
Merit: 3125
January 07, 2015, 09:33:58 PM
#96




Powerfull $300!!

But i want it back to $600, that was a good price for me... Hold is the option now, only time will fix it.
newbie
Activity: 35
Merit: 0
January 07, 2015, 09:25:53 PM
#95
300 will be back within 72 hours from now.

Great prediction.
full member
Activity: 131
Merit: 100
January 07, 2015, 09:25:04 PM
#94
Wow, OP was so wrong lol. Clown....
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 07, 2015, 09:18:22 PM
#93
We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

oh really? Never to see 300 again?

Quoted for posterity.  Cheesy Cheesy Cheesy

A whole 5 days = forever lol

OP was so wrong hahaha

"My experience from long time successful trading..."

Yes we see your "skillz" there lol
legendary
Activity: 1762
Merit: 1011
January 07, 2015, 09:12:00 PM
#92
It went above 300 again today, so the OP was wrong.
hero member
Activity: 784
Merit: 500
January 04, 2015, 11:56:40 PM
#91
^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public Sad

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement.
"--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew



To be honest, I'm quite new to Ayn Rand, I'm just now finishing Atlas Shrugged and haven't red anything else yet. But I find myself agreeing to nearly 100% of the message in that book, and lot's of my favorite anarcho-capitalists like Jeff Berwick and Stefan Molyneux like her a lot. I've also heard though, that anarcho-capitalism and objectivism isn't compatible although I haven't explored why yet. What's your take on that, what's the fundamental difference? "Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism." Well, who says there can't be laws in an anarchistic system? Anarchism means "no rulers" which is not the same as no laws. Laws can be privatized, there's whole books written about that. More interestingly, contracts made in the blockchain can be created so they can't be broken. They can be made so if a certain criteria is fullfilled, btc automatically moves from one wallet to another, making law redundant in many cases! The law is in the code and enforces itself! When Ayn Rand was still around, there was no way anybody could have predicted such a revolutionary technology. Maybe she would change her stance if she were alive today.

Are you reading what you are writing?  Laws are enforced by the state.  You can have contracts but it's useless unless it can be enforced.  Private judicial system?  Yeah right.  Good luck trying to sue a mega corporation who fucked you over

You don't get it, do you? This is why btc is so cheap, not even people on forums like this understand the true potential. OK, I'll give you an example: person A wants to sell his house to B. They agree upon a price and a smart contract is formed. B transfers the price in btc to a certain wallet where it will be locked in until one of two things can happen: 1: A transfer the ownership of his house to B in the Blockchain which AUTOMATICALLY activates a transfer of the btc from the wallet to A:s personal wallet. OR A fail to transfer the ownership in one week which makes the btc bounce back to B: personal wallet.

Another example: Hey company A, I can implement a system that will increase sales with 10% for February. It costs x btc. A smart contract is formed that monitors all the wallets that A uses for sales. If its up more than 10% from previous year, btc is automatically transfered to B for their service. This is technology that already exists, and those contracts can be immensely more conplex. Do you see now how in a btc world, it's not optional to follow contract, the contracts enforces themselves! Would Ayn Rand have had a different attitude towards anarcho-capitalism with access to a tech like that? We will never know.

I take it you've never had a mortgage or signed any contracts in your life
legendary
Activity: 1204
Merit: 1002
January 04, 2015, 11:47:23 PM
#90
People are overreacting to the drop below $300 in the last 24 hours. There's been about ±$50 noise in the price of Bitcoin for months.

However, they've been under-reacting to the year-long slide from $1100 to $300. There's been a huge amount of denial about that.
sr. member
Activity: 470
Merit: 250
January 04, 2015, 11:36:48 PM
#89
^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public Sad

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement.
"--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew



To be honest, I'm quite new to Ayn Rand, I'm just now finishing Atlas Shrugged and haven't red anything else yet. But I find myself agreeing to nearly 100% of the message in that book, and lot's of my favorite anarcho-capitalists like Jeff Berwick and Stefan Molyneux like her a lot. I've also heard though, that anarcho-capitalism and objectivism isn't compatible although I haven't explored why yet. What's your take on that, what's the fundamental difference? "Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism." Well, who says there can't be laws in an anarchistic system? Anarchism means "no rulers" which is not the same as no laws. Laws can be privatized, there's whole books written about that. More interestingly, contracts made in the blockchain can be created so they can't be broken. They can be made so if a certain criteria is fullfilled, btc automatically moves from one wallet to another, making law redundant in many cases! The law is in the code and enforces itself! When Ayn Rand was still around, there was no way anybody could have predicted such a revolutionary technology. Maybe she would change her stance if she were alive today.

Are you reading what you are writing?  Laws are enforced by the state.  You can have contracts but it's useless unless it can be enforced.  Private judicial system?  Yeah right.  Good luck trying to sue a mega corporation who fucked you over

You don't get it, do you? This is why btc is so cheap, not even people on forums like this understand the true potential. OK, I'll give you an example: person A wants to sell his house to B. They agree upon a price and a smart contract is formed. B transfers the price in btc to a certain wallet where it will be locked in until one of two things can happen: 1: A transfer the ownership of his house to B in the Blockchain which AUTOMATICALLY activates a transfer of the btc from the wallet to A:s personal wallet. OR A fail to transfer the ownership in one week which makes the btc bounce back to B: personal wallet.

Another example: Hey company A, I can implement a system that will increase sales with 10% for February. It costs x btc. A smart contract is formed that monitors all the wallets that A uses for sales. If its up more than 10% from previous year, btc is automatically transfered to B for their service. This is technology that already exists, and those contracts can be immensely more conplex. Do you see now how in a btc world, it's not optional to follow contract, the contracts enforces themselves! Would Ayn Rand have had a different attitude towards anarcho-capitalism with access to a tech like that? We will never know.
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