Topic: If fallling didn't exist, what would the price be right now? - page 2. (Read 3713 times)

Thumbs up! For all the hate that TA/traders receive on this forum, this is very much true. It's funny, but I've actually seen HODLers on this forum claim that traders cause the volatility. Well, just imagine if there were no traders -- empty order books. Imagine the spikes then! More likely, the volatility comes from the fact that bitcoin is a revolutionary new asset class in an illiquid, unregulated market....

Steady on there chief. It is naive to believe that group opinion and sentiment cannot be moved by a little army of internet trolls. The NSA and GCHQ have had documents and stratagems for this kind of thing leaked into the public domain. Will it make me sell? Obviously no. Nor you probably. But throw enough muck and some sticks as they say.

Do you have any evidence that bitcoins being used to buy stuff through merchants is depressing the price?

Flaws with bitcoin exchange trading and leverage do not reflect on bitcoin as a concept or payment system. It sounds like you are just angry that your trading of a hyper volatile thinly traded commodity is going badly. Leverage is dangerous!

The amount of FUD I've seen lately on these forums and elsewhere (reddit) is making me very bullish. You have to wonder why these trolls spend so much time denouncing Bitcoin if it is on its way out anyway. If I thought Bitcoin was headed to 0 I wouldn't spend my time around here.

I lack evidence that is correct.

But it strikes me that extremely few people who see bitcoin as an imminent failure would spend the time to learn about it, move actual money onto an exchange with leverage and then short an incredibly volatile commodity which has gains thousands of % in the last two years alone. I would imagine even fewer would then spend the time that the trolls on here do, posting literally hundreds of posts each about bitcoin's impending price meltdown to all and sundry 24/7.

It is far more likely they are just being dishonest (if trolling) and want cheap coins. I have no problem with people who see an imaginary line on a chart pointing down and decide to sell out and buy back in or short. Good luck to the speculators actually, they add liquidity and depth to the market.

Also, there is the fact that people think that random internet trolls are able to move the price that shows the true colors of this gambit... an extremely overpriced penny stock. It will go up some. There are enough idiots to buy in still. Moreover, the underlying concept of Bitcoin, the technological aspect, may actually be revolutionary and inform our future commerce. But, this s--- is just as institutionalized as the banks... we are saying that we are fighting the banks while rolling out the red carpet to Wall Street, we are celebrating a 10% discount at a website for using Bitcoins when the trades associated with those websites are certain to reduce the value of your holdings by at least that much. This is literally the stupidest s--- of all time. At least beanie babies gave you a toy to play with and to decorate your house. All Bitcoin does is cost people money on crashes, Bulgarian bullshittery, renegade bots, spreads, front running, poor execution of shorts (often a whole 2% away from where you set your short), expose you to excessive counterparty risk, and get you hit by fees on exchanges for trading and for withdrawing into fiat. Oh yea, and it has dropped 60% in the past year with a very obvious, albeit slow, trend towards continuing this all while bag holders sell you magic beans about how there is exponential growth and how many new people are using this (they are not). Oh yea, and it takes forever and a f---ing day, but let's not even go there.

So, basically, the system sold out and doesn't serve it's original purpose. Have fun. This s--- is lame. Deuces mofos. I'll be back in a couple months to short this f---ing thing to the bottom.

Maybe. But you don't really have any evidence for this..... so relying too heavily on a baseless assumption like that may miss your expectations. Of course a bear (who is a long term bull) wants cheaper coins. Actually, a bear who is short just wants cheaper coins -- to close his short. None of this means that they are wrong, either.

I imagine a lot of the bear trolls on here are either day traders or are actively shorting, actually.

As for reasons why it will drop more -- increased regulation, the lack of buying interest by people who are supposedly telling everybody else that the coins are cheap right now (we get a big dump or a big pump and next to zero volume in between by the regular players on here... bag holders have to be sweating), the introduction of institutional competition, Wall Street fuckery, BTC-e flash crashes and pumps (we did have $1000 BTCs yesterday, albeit denominated in Euros, on that exchange), the spreads on the exchanges, the front running on the exchanges, the ability of a whale to completely decide the price on a given day through manipulation tactics that would be illegal on any other exchange, etc., etc. In short, too many fees and hidden fees (the spread and front running work as fees), too much bulls---, and a seriously damaged brand. Who the hell would trade on here other than those with foolish machinations of getting rich or who are here to short. Yea, we'll see 600 again. That's it. And when people realize there is no money in the game, anymore, or at least not commensurate with the time and energy they employ on this... poof, it will fade away. This s--- is ded. D-E-D-. Ded.

If only it were as easy to move the market as trolling on this forum -- why, I think I might be rich if that were the case. But as it stands....

Not sure it would tell you that at all, given the enormous price gains in bitcoin in the last few years.

I was more interested in breakdown of bulls to bears and the proportion of coins they hold respectively. I am fairly certain that the majority of bear trolls on here simply want to buy a lot of coins at a price much lower than now in the hope of future gains. A few crazies are playing with leverage and will be likely wiped out no matter which way the market moves.

Who mentioned 100 btc? And other than lines on a chart do you actually have any fundamental reason why the price will drop in half from here?

Yea, it would tell you, more or less, who was wealthy beforehand? =S So illuminating. Mid-size pseudo-whale snobbery... Oh, I have 100 BTCs, I am hot s---. Yea. We'll revisit just how cool you are in a few months when BTC is trading in the 250s band.

I would love it if we could see an analysis of number of posts vs bitcoins held by user. I am sure that would be very illuminating!

It's now Falling's fault that Bitcoin isn't making money for people? I am sorry, but if Bitcoin cannot withstand a single troll who has notable grammar and spelling shortcomings then I really don't know what to say.

He's not important at all. Maybe he caused the dumping of coins of one or two people from this forum, but nothing big apart from that. It could be that the price would be a couple of USD higher, but nothing more...

He´s my firstborn and i´m pretty proud of him.

Do you really think Fallllllllllllllling can make such difference in prices?

I guess 469,6, that is exactly what we have now.

falling is the son of professor bitcorn and his wife fonzie

https://www.youtube.com/watch?v=jTmXHvGZiSY

Why have you got three degrees, and how long ago did you put 98% of your life savings in Bitcoin?

lol

I have 3 degrees and 98% of my life savings is in Bitcoin.

Tsk tsk.