BITCOIN is going DOWN | Bitcointalksearch.org

ssmc2

legendary

Activity: 2002

Merit: 1040

Quote from: mayax on January 16, 2015, 08:53:27 AM

yes, the many merchants stopped accepting Bitcoin lately.

Bitcoin has a bad media now because it is related to scams, hacks, drugs, terrorists, child porn.

BTC is completely tied to these source of activities. It's not just used for them, it drops in value when these activities don't take place.

Remember Silk Road. The price dropped A LOT after SilkRoad was taking down.

Yep. And then what happened? Roll Eyes

mayax

legendary

Activity: 1470

Merit: 1004

yes, the many merchants stopped accepting Bitcoin lately.

Bitcoin has a bad media now because it is related to scams, hacks, drugs, terrorists, child porn.

BTC is completely tied to these source of activities. It's not just used for them, it drops in value when these activities don't take place.

Remember Silk Road. The price dropped A LOT after SilkRoad was taking down.

66tbird

jr. member

Activity: 62

Merit: 3

So I go to shed my last .5 btc and places that used to take them now don't. I guess I'll sink it into a few more silver eagles.

Zero indicators look good for the poor btc because if there are few places to use them then why have them.

Bye bye, Bitcoin. It was a fun ride.

borntorun

sr. member

Activity: 560

Merit: 250

Bitcoin could reach Oct.2014 (pre-bubble) levels which is well under 150.

SargeR33

member

Activity: 112

Merit: 10

★Bitin.io★ - Instant Exchange

I really believe the bottom is going to be much lower than $150. We will crack the $1xx tonight. Dump galore. People thought $280 was the bottom, then $250. Any home miner still running this and pay any power bill will be playing this game at a loss.

Check out this buy order on an exchange.

0.01000000 100.00000000 1.00000000

I think this guy was born a retard. He wants to buy 100btc for $0.01 each. There are significantly more buy orders under $200 now.

tss

hero member

Activity: 742

Merit: 500

Quote from: waterpile on January 13, 2015, 09:04:33 PM

I dont know why people always blame China for every prices fall/rise. Its got to be the Chinese

the chinese sell you equipment worth $100, you buy it for the "potential" "possible" profit you will make. they put the difference in their pockets.

tss

hero member

Activity: 742

Merit: 500

im thinking the bottom is around $150. so sell all your coin now and buy back when its at $120

waterpile

hero member

Activity: 602

Merit: 500

I dont know why people always blame China for every prices fall/rise. Its got to be the Chinese

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Quote from: mayax on January 13, 2015, 09:19:25 AM

Quote from: ?? on ??

Bitcoin going down again and again Grin

Now at 255$/1BTC , I hope btc dont reach 200$ in next month Grin

And i hope again btc will raise up in next month , maybe up to 350$

it's 230 USD

USD 220 now.
Does this qualify as free fall? Cheesy

galbros

legendary

Activity: 1022

Merit: 1000

Quote from: Flashman on January 13, 2015, 08:42:39 AM

Quote from: galbros on January 13, 2015, 08:16:31 AM

I agree the Chinese exchanges don't have the coins they claim. The issue is does that result in the price recovering, as they buy to try and cover the claims on them or a total collapse as everyone loses faith in bitcoin.

I don't think they are fractional reserve, just high frequency.

Example, draw a line across a table, one side of line is exchange, the other side is you, tape a 1 BTC wallet to the rim of a bicycle wheel, $250 on the other side, now spin it at 500 RPM.... congrats, you just created 30,000 BTC an hour volume. If measured by the forex standard of a buy counting as 1 and a sell counting, each buy/sell pair counting as 2, you've got 60,000 BTC volume.

I like your volume illustration, and they are certainly high frequency, I just don't see those two things as being mutually exclusive.

If the Chinese exchanges are still no fee, admittedly at odds with gog1, then it explains how they pay their bills.

I don't like it, but it is consistent with price moving down on no real developments.

bakedrice

sr. member

Activity: 338

Merit: 250

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: gog1 on January 13, 2015, 09:50:54 AM

Quote from: mayax on January 13, 2015, 06:57:57 AM

Quote from: ujka on January 13, 2015, 06:53:18 AM

Quote from: mayax on January 13, 2015, 06:07:08 AM

The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD

You thing there must be fake transactions for that trading volume? Chinese exchanges operate with 0% trading fee, traders there are using that for high frequency trading on smallest move. That is generating tons of volume.

can you please tell me how the chinesse exchangers are earning money without fees? They are not voluntaries for sure

https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

http://www.coindesk.com/reality-chinese-trading-volumes/

http://www.ibtimes.co.uk/chinese-bitcoin-exchange-accused-faking-trade-data-1430122

This is ancient history - the Chinese exchanges brought fees back in long time ago;

Can't believe people still buy into this fake volume theory.

it's from 10 months ago not an ancient history. yes, the Chinese exchanges(and not only) are faking transactions. this is the truth.

gog1

hero member

Activity: 756

Merit: 500

Quote from: mayax on January 13, 2015, 06:57:57 AM

Quote from: ujka on January 13, 2015, 06:53:18 AM

Quote from: mayax on January 13, 2015, 06:07:08 AM

The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD

You thing there must be fake transactions for that trading volume? Chinese exchanges operate with 0% trading fee, traders there are using that for high frequency trading on smallest move. That is generating tons of volume.

can you please tell me how the chinesse exchangers are earning money without fees? They are not voluntaries for sure

https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

http://www.coindesk.com/reality-chinese-trading-volumes/

http://www.ibtimes.co.uk/chinese-bitcoin-exchange-accused-faking-trade-data-1430122

This is ancient history - the Chinese exchanges brought fees back in long time ago;

Can't believe people still buy into this fake volume theory.

server

legendary

Activity: 892

Merit: 1002

1 BTC =1 BTC

Quote from: 3rdStryker on January 13, 2015, 09:02:44 AM

Maybe if people stopped being so retarded and putting money into what is clearly a scam bitcoin might actually survive.

Yes people should invest in projects backed with real value instead of gamble/ponzi "get rich quick"-schemes.

Projects like maidsafe and storj.io are potential game changers for every internet user.
Investing in these projects will give users a voice in the future.

But I doubt if people will learn from past mistakes.

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: ?? on ??

Bitcoin going down again and again Grin

Now at 255$/1BTC , I hope btc dont reach 200$ in next month Grin

And i hope again btc will raise up in next month , maybe up to 350$

it's 230 USD

mayax

legendary

Activity: 1470

Merit: 1004

it will reach for sure.

Morenod

full member

Activity: 197

Merit: 100

QUIFAS EXCHANGE

Quote from: llanillo on January 13, 2015, 08:58:53 AM

Bitcoins just keep going down.... hope it doesn't reach 100$ next month or maybe in a few weeks... Intead of see this like an opportunity to buy cheap they are selling like a crazy

i hope so

if reach 100$ it will be big trouble for my little farm

3rdStryker

full member

Activity: 172

Merit: 100

Maybe if people stopped being so retarded and putting money into what is clearly a scam bitcoin might actually survive.

llanillo

full member

Activity: 238

Merit: 100

Bitcoins just keep going down.... hope it doesn't reach 100$ next month or maybe in a few weeks... Intead of see this like an opportunity to buy cheap they are selling like a crazy

rememberme

sr. member

Activity: 415

Merit: 250

Well now that i have everyones attention... will SendChat save Bitcoin by bring BTC to the mainstream? Is that an alternative to consider?

Topic: BITCOIN is going DOWN (Read 3659 times)