Death by thousand cuts | Bitcointalksearch.org

talks_cheep

legendary

Activity: 1036

Merit: 1000

Quote from: kwukduck on November 10, 2015, 06:23:44 PM

Those are some pretty deep cuts we are taking... I don't think we'll get to a thousand at this rate....

I really don't like kwukduk but he's the only one who understood what I was saying. What's with you people who go on about the dollars? Everyone wants US$, or the Euro, even the liars who say you don't.

Ever since I first wrote the post, Bitcoin has dropped at every turn. I know my writing has hurt the feelings of bulltards, but TRUTH HURTS.

Yep, I have to agree with kwukduk that instead of thousand cuts, it will only take a few cuts to drop bitcoins back down to 200.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: talks_cheep on November 10, 2015, 09:31:38 AM

History is re-unfolding right in front of our eyes.

Over the past 2 years, we've seen how bitcoin rocketed to over $1200, only to fall gradually to $150, finally settling around $250.

Recently, bitcoin seems to be repeating this behavior. First it seemingly rocketed to over $500, only to fall back down to $370 currently. Where it will settle down to is a good question to ask at this time; how long it will take to go down there is another good question.

Judging by the posts with naive people calling for million dollar bitcoins, we are in for a rough landing.

oh there it is again

bitcoin is dead

bitcoin is doomed

it's the dollar that is doomed. you just don't know it yet.

DieJohnny

legendary

Activity: 1639

Merit: 1004

I think this complete BS pump will leave A LOT of people soured on Bitcoin and could spell a very long period of bitcoin depression....

or the price could be 1200 in a few months!!! who knows, i am buying when i want selling when I want. zero fucks given

cptdome1

sr. member

Activity: 386

Merit: 251

Quote from: JimboToronto on November 10, 2015, 02:07:21 PM

LOL thread.

Do all you FUD-spamming doomsayers realize we're still $50 higher than 2 weeks ago? Double what we were in August? 32 times as much as 3 years ago? 1400 times as much as 5 years ago?

Oh wait, I forgot. Bitcoin started at $1200. Everything's downhill from here. Roll Eyes

You people are pathetic.

All the media picks up coverage mid bubble getting new people involved at the highs. They are all deep in the red now and dumping their coins. Look out below

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: Wexlike on November 10, 2015, 11:14:14 AM

Who cares? I need a good entry price anyway. Let it drop or let it rise. I m fine with both directions.

This is the only way to be!

Pab

legendary

Activity: 1862

Merit: 1012

Dollar price is rising.There is not tragedy on btc price.Lets see where it stop.I hope btc will find floor at 330$
But if Chinise will get in panique price will goes more down

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: ?? on ??

Quote from: worhiper_-_ on November 10, 2015, 06:25:45 PM

The bear spirit is back and the unloading of bitcoins has started as the selling pressure grows. How's that unusual? The price has nothing to do with the fact that bitcoin's economy is constantly evolving. You're really looking at this from a very narrow point of view if you only care about the price.

Worrying about the price of [alleged] money Roll Eyes

if the salt have lost his savour, wherewith shall it be salted? it is thenceforth good for nothing, but to be cast out, and to be trodden under foot of men.

Watch out what you say with [alledged]

FACTS:
Bitcoin is Money
Dollar is Currency

Definition: "Money must only represent the value of human labor (including services) and the natural resources labor touches."

Since mining is labor and bitcoins are only created through labor makes Bitcoin Money.

Since dollars are created out of virtual debt and not through labor dollars are currency.
People work for dollars but dollars aren't created through labor.
Watch the following youtube to show you how screwed up the dollar (and other currency) works... https://www.youtube.com/watch?v=iFDe5kUUyT0

worhiper_-_

hero member

Activity: 700

Merit: 500

The bear spirit is back and the unloading of bitcoins has started as the selling pressure grows. How's that unusual? The price has nothing to do with the fact that bitcoin's economy is constantly evolving. You're really looking at this from a very narrow point of view if you only care about the price.

kwukduck

legendary

Activity: 1937

Merit: 1001

Those are some pretty deep cuts we are taking... I don't think we'll get to a thousand at this rate....

Kazimir

legendary

Activity: 1176

Merit: 1001

Quote from: JimboToronto on November 10, 2015, 02:07:21 PM

LOL thread.

Do all you FUD-spamming doomsayers realize we're still $50 higher than 2 weeks ago? Double what we were in August? 32 times as much as 3 years ago? 1400 times as much as 5 years ago?

Oh wait, I forgot. Bitcoin started at $1200. Everything's downhill from here. Roll Eyes

You people are pathetic.

Yes but apart from last week's spike, we have been in somewhat of a downtrend for quite some time now. It totally baffles me why this is (I've been 100% bullish with Bitcoin, this is THE next big thing waiting to explode) but we can't ignore the massive dumping.

Especially today, I mean WHAT THE F*CK is it with people, panic selling like crazy.

JimboToronto

legendary

Activity: 3990

Merit: 4460

You're never too old to think young.

LOL thread.

Do all you FUD-spamming doomsayers realize we're still $50 higher than 2 weeks ago? Double what we were in August? 32 times as much as 3 years ago? 1400 times as much as 5 years ago?

Oh wait, I forgot. Bitcoin started at $1200. Everything's downhill from here. Roll Eyes

You people are pathetic.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: talks_cheep on November 10, 2015, 09:31:38 AM

History is re-unfolding right in front of our eyes.

Over the past 2 years, we've seen how bitcoin rocketed to over $1200, only to fall gradually to $150, finally settling around $250.

Recently, bitcoin seems to be repeating this behavior. First it seemingly rocketed to over $500, only to fall back down to $370 currently. Where it will settle down to is a good question to ask at this time; how long it will take to go down there is another good question.

Judging by the posts with naive people calling for million dollar bitcoins, we are in for a rough landing.

$250 is still higher than the previous ATH $240, before the $1200 bubble. Basically I'm seeing the stable price is higher than the previous ATH after each bubble settles.

Vahnt

newbie

Activity: 49

Merit: 0

Quote from: ?? on ??

Quote from: RodeoX on November 10, 2015, 11:41:07 AM

Quote from: LEONPATTON on November 10, 2015, 10:55:02 AM

Quote from: r0ach on November 10, 2015, 10:25:46 AM

So in other words, you're some douchebag making tons of throwaway accounts every day constantly spamming that the price is going to go down and people are supposed to believe you're doing this out of "charity" to help others rather than hidden motives, yea sure, everyone really believes you.

What? But the price is going down. $150 in less than a week. Its not fud to post the truth is it?

It is also the truth that bitcoin is up $100 in a month. That is approaching 30% in a month! Miles ahead of the profits found in any other market. And if you back up and look at a 5 year scale it is one of the fastest growing assets this century. Those are facts also.

When you start playing with numbers, newest shitcoins on the scene become "the fastest growing assets this century" (going from zero to $0.000001 is infinite growth).

>at a 5 year scale it is one of the fastest growing assets this century
Who told you that? Have you heard about MAVRO? Sergey Mavrodi's ponzi moved up to $10 BILLION in actual money, not bitcoin's $5 billion paper 'market cap' (try selling a million BTC to understand what I mean by 'paper').

Except the ponzi was just that, a ponzi that failed spectacularly. Until the same fate befalls BTC (unlikely), you cannot compare the two.

And yes, to go from fractions of a penny/BTC in 2009 to 355 USD/BTC in 2015 is remarkable, unparalleled growth.

RodeoX

legendary

Activity: 3066

Merit: 1145

The revolution will be monetized!

Quote from: ?? on ??

Quote from: RodeoX on November 10, 2015, 11:41:07 AM

Quote from: LEONPATTON on November 10, 2015, 10:55:02 AM

Quote from: r0ach on November 10, 2015, 10:25:46 AM

So in other words, you're some douchebag making tons of throwaway accounts every day constantly spamming that the price is going to go down and people are supposed to believe you're doing this out of "charity" to help others rather than hidden motives, yea sure, everyone really believes you.

What? But the price is going down. $150 in less than a week. Its not fud to post the truth is it?

It is also the truth that bitcoin is up $100 in a month. That is approaching 30% in a month! Miles ahead of the profits found in any other market. And if you back up and look at a 5 year scale it is one of the fastest growing assets this century. Those are facts also.

When you start playing with numbers, newest shitcoins on the scene become "the fastest growing assets this century" (going from zero to $0.000001 is infinite growth).

>at a 5 year scale it is one of the fastest growing assets this century
Who told you that? Have you heard about MAVRO? Sergey Mavrodi's ponzi moved up to $10 BILLION in actual money, not bitcoin's $5 billion paper 'market cap' (try selling a million BTC to understand what I mean by 'paper').

What? You provide a ponzi as an example of an asset that grew faster? I guess if we were discussing apples you would have posted an orange. You can post what ever nonsense you wish. The war is over and bitcoin won. Your criticisms are sooooo 2011. Wink

talks_cheep

legendary

Activity: 1036

Merit: 1000

Quote from: Kazimir on November 10, 2015, 12:07:12 PM

Quote from: talks_cheep on November 10, 2015, 10:18:14 AM

What I'm saying is that we are in a drop phase where bitcoin drops in value gradually, each dumping cutting down little by little, no rocket in sight. We may see a little rise here and there as well as periods of stagnant price, but it drops again and again.

Is there any explanation why?
I mean, with the fuckton of positive news in the Bitcoin ecosystem coming in almost on a daily basis, why the hell are people dumping their bitcoins?

We've had "fuckton" of positive news for the last 2-3 years or more. That didn't move the price; fundamentals don't seem to exert positive influence on the price movement. Bitcoin is weird in that sense. The only force in the universe that moves the bitcoin price is CHINA. Nothing else. They are the biggest miners, but is that enough to move the price so wildly? I'm not so sure. The Chinese exchanges play a big role surely. With their no-fee approach to trading, the China exchanges encourage pointless trades all day long. Once the Chinese speculators smell profit, they come in with their cash; once they smell blood, they just dump and leave.

Did the Russian ponzi scheme, MMM Global, play a part in the recent mini bubble? If it did, it only played a minor role.

Did the Fed's auction of Silk Road bitcoins play a role? I think it played a greater role than the MMM Global. Bitcoin rose and rose until the day of the Auction. Coincidence? I don't think so. So, why did bitcoin drop suddenly, after rising for weeks, on the day of the auction? Was it pure manipulation? Was it a combination of sinister manipulation coupled with traders reacting to quick profit taking? Or was it due to something else? I tend towards the combination theory. Hopefully, one day the truth will come out.

Kazimir

legendary

Activity: 1176

Merit: 1001

Quote from: talks_cheep on November 10, 2015, 10:18:14 AM

What I'm saying is that we are in a drop phase where bitcoin drops in value gradually, each dumping cutting down little by little, no rocket in sight. We may see a little rise here and there as well as periods of stagnant price, but it drops again and again.

Is there any explanation why?
I mean, with the fuckton of positive news in the Bitcoin ecosystem coming in almost on a daily basis, why the hell are people dumping their bitcoins?

RodeoX

legendary

Activity: 3066

Merit: 1145

The revolution will be monetized!

Quote from: LEONPATTON on November 10, 2015, 10:55:02 AM

Quote from: r0ach on November 10, 2015, 10:25:46 AM

So in other words, you're some douchebag making tons of throwaway accounts every day constantly spamming that the price is going to go down and people are supposed to believe you're doing this out of "charity" to help others rather than hidden motives, yea sure, everyone really believes you.

What? But the price is going down. $150 in less than a week. Its not fud to post the truth is it?

It is also the truth that bitcoin is up $100 in a month. That is approaching 30% in a month! Miles ahead of the profits found in any other market. And if you back up and look at a 5 year scale it is one of the fastest growing assets this century. Those are facts also.

makeacake

newbie

Activity: 42

Merit: 0

Quote from: Wexlike on November 10, 2015, 11:14:14 AM

Who cares? I need a good entry price anyway. Let it drop or let it rise. I m fine with both directions.

Can you explain your trading strategy? Are you heavy on fiat or BTC right now?

Wexlike

legendary

Activity: 1473

Merit: 1086

Who cares? I need a good entry price anyway. Let it drop or let it rise. I m fine with both directions.

blunderer

full member

Activity: 154

Merit: 100

Quote from: LEONPATTON on November 10, 2015, 10:55:02 AM

Quote from: r0ach on November 10, 2015, 10:25:46 AM

So in other words, you're some douchebag making tons of throwaway accounts every day constantly spamming that the price is going to go down and people are supposed to believe you're doing this out of "charity" to help others rather than hidden motives, yea sure, everyone really believes you.

What? But the price is going down. $150 in less than a week. Its not fud to post the truth is it?

Truth is the most effective kind of FUD that there is. Screaming 'every man for himself' would just earn you a straightjacket if the Titanic isn't sinking. [spoiler!] It sunk. [/spoiler!]

Topic: Death by thousand cuts (Read 1939 times)