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Topic: BTC not going down... first time ever? (Read 3906 times)

sr. member
Activity: 434
Merit: 250
April 09, 2014, 07:54:06 AM
#54
It's back on the way down, tonight or tomorow it will start falling and won't stop until it hits 10$.
ROFL get your facts together dude this isn't real.
sr. member
Activity: 392
Merit: 250
April 09, 2014, 07:52:09 AM
#53
It's back on the way down, tonight or tomorow it will start falling and won't stop until it hits 10$.

I would believe the Winklevoss brothers before I believe you
http://www.investopedia.com/articles/active-trading/040814/winklevoss-bitcoin-payment-system-worth-400-billion.asp
 Cheesy
newbie
Activity: 39
Merit: 0
April 09, 2014, 06:25:00 AM
#52
It's back on the way down, tonight or tomorow it will start falling and won't stop until it hits 10$.
member
Activity: 112
Merit: 10
Cryptocurrencies Exchange
April 09, 2014, 05:28:38 AM
#51
I wouldn't say first time ever...

As the number of users and services are growing bitcoin should at least stabilize for some time. When people will start to use it for daily transactions it shall slowly go up.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 09, 2014, 01:36:26 AM
#50
Slow and quiet will be followed by finally Wild!
The most likely direction is up, since there is strong buy support at lower levels.
member
Activity: 87
Merit: 10
April 07, 2014, 06:21:53 AM
#49
With all the tax implications being set in stone we'll be in a cautious bear market for some time yet. The greedy deluded "traders" will get stung badly, the articles of John Doe being done for blah blah tax tax etc will push people off. Endorsement from companies and figures carry much more liability now.

It was expected but itll slow price growth down significantly. I personally saw June/July for the next wave but now it may well be longer.
member
Activity: 112
Merit: 10
Cryptocurrencies Exchange
April 07, 2014, 03:03:16 AM
#48
Yeah I notice weekend in bitcoin world is lazy time Wink.

Or maybe bitcoin is more stable at times when wall street isn't
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 07, 2014, 12:24:06 AM
#47
OMG it's going up.. has the world gone insane?

Made it through the weekend in pretty good shape.
$500, $580 here we go......?
sr. member
Activity: 448
Merit: 250
Bitcoin super-duper-mega-ultra-hyper-node
April 06, 2014, 01:03:01 PM
#46
Mr Putin does not accept bitcoin, and it is ilegal in Russia,
And the dollar will soon be banned in Russia.

http://lmgtfy.com/?q=dollar+bank+of+russia

Crime is rampant in Russia. Criminals there have no problems pedaling arms, drugs, humans, poaching etc. The market for these lillicit activities there likely amounts to billions of dollars. I think a lot of people there would disregard a ban on BTC.
sr. member
Activity: 406
Merit: 250
April 06, 2014, 01:02:32 PM
#45
After price $250 usd, I will take my profit about 500000 usd,
and all my money go to my bank account in Russian bank, there is my money 100% secure and guaranteed.
and you still buy Bitcoin and live in fear.
If you think bitcoin is going tank, then it's logical to cash out now. Why wait for the $250 and lose profit?

... I know why, you are scared that the train will leave the station the moment you jump off don't you?

He don't have bitcoin.
He is shorting bitcoin with leverage.
It is similar like with stocks
http://en.wikipedia.org/wiki/Short_%28finance%29
The more bitcoin crash, the more he earn.
You don't need much money to play this game, but the risk is people over investing in it, if it turns out the other way,
they will lose everything.


I can not lose everything, I have set up trailing stop.
hero member
Activity: 854
Merit: 500
einc.io
April 06, 2014, 12:58:10 PM
#44
After price $250 usd, I will take my profit about 500000 usd,
and all my money go to my bank account in Russian bank, there is my money 100% secure and guaranteed.
and you still buy Bitcoin and live in fear.
If you think bitcoin is going tank, then it's logical to cash out now. Why wait for the $250 and lose profit?

... I know why, you are scared that the train will leave the station the moment you jump off don't you?

He don't have bitcoin.
He is shorting bitcoin with leverage.
It is similar like with stocks
http://en.wikipedia.org/wiki/Short_%28finance%29
The more bitcoin crash, the more he earn.
You don't need much money to play this game, but the risk is people over investing in it, if it turns out the other way,
they will lose everything.
sr. member
Activity: 406
Merit: 250
April 06, 2014, 12:56:10 PM
#43
After price $250 usd, I will take my profit about 500000 usd,
and all my money go to my bank account in Russian bank, there is my money 100% secure and guaranteed.
and you still buy Bitcoin and live in fear.
If you think bitcoin is going tank, then it's logical to cash out now. Why wait for the $250 and lose profit?

... I know why, you are scared that the train will leave the station the moment you jump off don't you?

I am forex trader, This trend suits me, and I sat  in my train in 2013 year.
full member
Activity: 182
Merit: 100
April 06, 2014, 12:52:07 PM
#42
After price $250 usd, I will take my profit about 500000 usd,
and all my money go to my bank account in Russian bank, there is my money 100% secure and guaranteed.
and you still buy Bitcoin and live in fear.
If you think bitcoin is going tank, then it's logical to cash out now. Why wait for the $250 and lose profit?

... I know why, you are scared that the train will leave the station the moment you jump off don't you?
sr. member
Activity: 406
Merit: 250
April 06, 2014, 12:35:30 PM
#41
I don't understand why you think it is impossible to mine in Russia.
If I look at the electricity cost in Russia, it is profitable depending how much you have paid for your miner.

http://en.wikipedia.org/wiki/Electricity_pricing

Mr Putin does not accept bitcoin, and it is ilegal in Russia,
And the dollar will soon be banned in Russia.

http://lmgtfy.com/?q=dollar+bank+of+russia
hero member
Activity: 854
Merit: 500
einc.io
April 06, 2014, 12:30:19 PM
#40
I don't understand why you think it is impossible to mine in Russia.
If I look at the electricity cost in Russia, it is profitable depending how much you have paid for your miner.

http://en.wikipedia.org/wiki/Electricity_pricing
hero member
Activity: 854
Merit: 500
einc.io
April 06, 2014, 12:25:33 PM
#39
If this crash already scares you, try to look at the one from summer 2011

If you look from 2011 year, and If we now have current price $20 we again have growth.
That's your logic, it is right in in absolute values, but certainly not good.

By your logic, the decline may be only if the bitcoin price goes to minus. (negative value),
because is started from zero.

You misunderstood my logic
sr. member
Activity: 406
Merit: 250
April 06, 2014, 12:21:02 PM
#38
There is no investor in Bitcoin,
More people are aware of bitcoin each day, but no speculators like in China anymore after this crash.
This crash is in fact good if you look at it now, BTC will grow slower but more stable.
Money are now spend by VC into infrastructures and services.

The market is oversaturated with Bitcoin
every day is generated about 4000 new bitcoin which have nobody to pay

Since the start of bitcoin, about 7200 new coins are mined every day is.
In november 2012 this was halved by the protocol.
Not all coins mined are direct sold at the exchange, I still have 90% coins that are mined in 2011 in my wallet.
It's true that things have change with the coming of ASICS, they are expensive and people need to sell their coins faster
to pay the bills.
Not everyone is in good finaninial shape and the cost of electricity is different in each country.
I have to dissagree that all coins mined today are actually sold on the same day.
Unless you are KNC, they need to sell it for hard dollar.
Factories don't accept BTC now for components, KNC is non-stop building a mega farm.

People are becoming aware of what is Bitcoin, and speculation does not work anymore.
This is true, volatility will be less, but bitcoin will grow more stable now that there are services and infrastructures added to the network.
On the other hand, daytraders who like to short will have less profitability

Case MtGox killed all hope in Bitcoin
Beside MtGox, we have a lot scams with big exchanges before.
If you have follow the interview with Bobby Lee, you notice they are willingly to do an audit by a third party.
They will become more mature and transform into a real company with regulations if neccesary to survive.
People are also scarred now to be scammed by an exchange.
Problems with MtGox already exist in summer 2013, before it only takes a week to get your money out.
I sent coins between exchanges to profit from price difference, but since MtGox come with an excuse that their daily withdrawel limits have been reached.
I know something wasn't right after asking banks about this bullshit.
I stopped immidiately and got my latest payment after a month in septber 2013.

The previous price jumps have been artificially, by MtGox and any mining hardware manufacturer.
You probably don't know about https://bitcoin-24.com/
bitcoin-24 introduce trading without trading fee, just the same like btcchina did last year to attract users.
Together with the Cyprus bank incident, people get aware of bitcoin.
Hardware manufactures lure people to buy with bitcoin and give them discount for doing that.
They know, once the Asics are released in the wild, BTC will more difficult to mine and the chance that bitcoin will increase in price is bigger than that it
will drop.
They didn't foresee the no trading fee from BTCChina, this together gives BTC price a jumpstart.

The mining factor is too small for any serious action,and time is to quit the game
I don't agree with you on this one.
For most of the miners it will become harder to become bigger through limitations in their home infrastructure.
But it is not impossible.

A major player China 15 th april 2014 out from game.
This is untill now still unclear

After price $250 usd, I will take my profit about 500000 usd,
and all my money go to my bank account in Russian bank, there is my money 100% secure and guaranteed.
and you still buy Bitcoin and live in fear.

sr. member
Activity: 406
Merit: 250
April 06, 2014, 12:08:37 PM
#37
If this crash already scares you, try to look at the one from summer 2011

If you look from 2011 year, and If we now have current price $20 we again have growth.
That's your logic, it is right in in absolute values, but certainly not good.

By your logic, the decline may be only if the bitcoin price goes to minus. (negative value),
because is started from zero.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 06, 2014, 12:07:00 PM
#36
Yes, we needed a Bear to tell us what we already know.
hero member
Activity: 854
Merit: 500
einc.io
April 06, 2014, 12:00:45 PM
#35
If this crash already scares you, try to look at the one from summer 2011
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