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Topic: Biggest sell signal if we go under 5.70-5.80 level - page 3. (Read 6172 times)

sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
Bitcoin mining viruses utilize OpenCL now days, so legitimate miners have to compete with someone who gets it almost for free.

It is quite perfect really. A coin that gets mostly used by scammers and illegal activities will also be mined illegally.
sr. member
Activity: 269
Merit: 250
Bitcoin mining viruses utilize OpenCL now days, so legitimate miners have to compete with someone who gets it almost for free. EDIT: there is still cost involved for updating and spreading virus.
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
but they are fighting all the greedy miners that are selling their coins at the exchanges

Where would you get your coins to buy and sell without us greedy miners?   Tongue

Let me see, we have already 7 + million coins in the Bitcoin Economy. We need miners that believe in the Bitcoin Economy long term, not greedy miners that hit the exchanges with sell orders asap.

Keep dreaming. 90% of all miners don't give a shit about bitcoin and just want quick profit.
full member
Activity: 224
Merit: 100
but they are fighting all the greedy miners that are selling their coins at the exchanges

Where would you get your coins to buy and sell without us greedy miners?   Tongue

Let me see, we have already 7 + million coins in the Bitcoin Economy. We need miners that believe in the Bitcoin Economy long term, not greedy miners that hit the exchanges with sell orders asap.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
but they are fighting all the greedy miners that are selling their coins at the exchanges

Where would you get your coins to buy and sell without us greedy miners?   Tongue
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
And this should be at Bitcoin Discussion. It is to important of an event. I am guessing not many people now about the support level.

Uh, it's not exactly rocket science to look at that big wall at 5.95 and the historical 5.8.
full member
Activity: 224
Merit: 100
And this should be at Bitcoin Discussion. It is to important of an event. I am guessing not many people know about the support level.
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
SELL SELL SELL!!!!
full member
Activity: 224
Merit: 100
It looks like Bitcoin is building up one of the biggest sell signals ever. We have been at this levels before and it has always rebounded. This time it looks like it will break through and because it has been a strong support level, when we are through it, it will be a massive sell signal. I think some few desperate people still trying to fight it back and have some solid buy orders (not as before when most of the buy orders disappear as soon as someone is selling in to it) at this levels, but they are fighting all the greedy miners that are selling their coins at the exchanges, right now that maximum amount is 7200 x 6 = 43000 dollars / day . The problem as I have told before is that Bitcoin is in high inflation environment, the boom came to fast and we are stuck in this environment for at least one more year. My prediction of 3-4 dollars seems to get right within a month or two.
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