Aug 1 st was approx $50 million of speculative money that will be in for at least the medium term as this is the 1st day in a while the average trade in $ was significantly higher than the currently $50M ish daily average ....since July 1 and 2. They will also buy steadily in drops in price. If it ever gets to $400 ( unlikely) even smaller players like me will buy in again substantially..raising the price again. I do not think that a drop to $400 is a realistic possibility given current conditions and it is more likely that after the weaker holders have been shaken out around the $600 level the next push upward to test $700 will kick in.
https://bitcointalksearch.org/topic/m.7082530
Accumulation by big players continues and they will not sell in the medium term unless uber bad news hits the fan (like another exchange folding up)
http://www.quandl.com/BCHAIN/ETRVU-Bitcoin-Estimated-Transaction-Volume-USD
Topic: I've Never Been More Bullish (Read 3034 times)
I've invested over 90k, and still am buying... and I'm underwater on it.. But WTF.. it drops to 300 I'll just buy 90K more... I don't see EC being broken anytime soon.
Sounds good man. But $90k just isn't gonna go that far. How about $900k? That might make a bit of a dent in this sell pressure.
I hear ya.. I ain't trying to hold up the market by any means and don't have the funds to do so... but collectively I think there's many more that want in BTC than out.. "Do what you will, the capital is at hazzard".
I've invested over 90k, and still am buying... and I'm underwater on it.. But WTF.. it drops to 300 I'll just buy 90K more... I don't see EC being broken anytime soon.
Sounds good man. But $90k just isn't gonna go that far. How about $900k? That might make a bit of a dent in this sell pressure.
I've invested over 90k, and still am buying... and I'm underwater on it.. But WTF.. it drops to 300 I'll just buy 90K more... I don't see EC being broken anytime soon.
Whenever you see a discount for using bitcoin it means someone is willing to pay more than spot for coins. This is a very good way to acquire coins off exchange. While there is some slippage in the short term, in the longer term, the market remains untouched, ie one's buying does not move the market higher. This is how the smart guys are acquiring coins right now. They are making deals with online retailers and willing to pay a slight premium over the very exchange price they are stomping with shorts.
The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated.
How about this: either through government blackouts or acts of God (
), widespread loss of internet access. If price is linked to network size and utility, well then, that presents an ugly scenario for price. Don't forget SHARKNADO!
The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated.
How about this: either through government blackouts or acts of God (
), widespread loss of internet access. If price is linked to network size and utility, well then, that presents an ugly scenario for price. The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated.
How about this: either through government blackouts or acts of God (
), widespread loss of internet access. If price is linked to network size and utility, well then, that presents an ugly scenario for price. The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated.
The only thing I can see happening is a major weakness being discovered that either can't be fixed easily, or causes to much loss before it is fixes; or something else much better being invented.
I don't see either happening in the next year or so, but who knows.
Good post; this is all about adoption and
recognition. And both keep on growing.
recognition. And both keep on growing.
Actually all we need is a little bump upwards towards 680. I don't sense desperation anywhere. Stagnant prices in a sea of good news.
Whoever is continually dumping will exhaust their supply of coins soon..
Whoever is continually dumping will exhaust their supply of coins soon..
The longer price remains in consolidation, the bigger price's increase we will see. Temporary decline to 200-300 doesn't interfere with the consolidation in long term.
It seems obvious that a lot of coins are changing hands with the price remaining stable. This accumulation phase will not go on forever. Anything can happen but i doubt we retest the 2xx range. It would likely damage bitcoin for many months if not longer. Ultimately the vast majority of actors in the space want higher prices. Even a determined bad actor (say a central bank funded rogue player) cannot stop the market functioning if adoption levels rise rapidly.
Actually all we need is a little bump upwards towards 680. I don't sense desperation anywhere. Stagnant prices in a sea of good news.
Whoever is continually dumping will exhaust their supply of coins soon..
Whoever is continually dumping will exhaust their supply of coins soon..
The longer price remains in consolidation, the bigger price's increase we will see. Temporary decline to 200-300 doesn't interfere with the consolidation in long term.
The cost to put additional coin into the network is getting higher and higher.
We already know many are hoarding for a long time. If they didn't sell at 1000+, they are not going to sell now.
With supply shrinking, cost needs to go up to bring additional supply into the market.
We already know many are hoarding for a long time. If they didn't sell at 1000+, they are not going to sell now.
With supply shrinking, cost needs to go up to bring additional supply into the market.
I think we need desperation phase to clear the market and start a healthy growth...
So we will have a repeat of autumn 2011
So we will have a repeat of autumn 2011
Actually all we need is a little bump upwards towards 680. I don't sense desperation anywhere. Stagnant prices in a sea of good news.
Whoever is continually dumping will exhaust their supply of coins soon..
I think we need desperation phase to clear the market and start a healthy growth...
So we will have a repeat of autumn 2011
So we will have a repeat of autumn 2011
the huge dump and desperation phase are coming
I think we need desperation phase to clear the market and start a healthy growth...
So we will have a repeat of autumn 2011
So we will have a repeat of autumn 2011
How? Silly you. Armageddon will start and paradise will come to earth. So simple answer. Why you will need votes or money or whatever in place where you already have everything?
So your main argument for the failure of bitcoin is literally 'the end of the world'?
The trolls on here aren't trying as hard as the usual suspects on reddit. Traders vs paid disinformation shills I suspect.
How? Silly you. Armageddon will start and paradise will come to earth. So simple answer. Why you will need votes or money or whatever in place where you already have everything?
The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated.
Everyone is welcome to post their opinion, but if you disagree with me, please explain why you feel the way you do. Honestly, I am totally okay with the risk of losing what I invest. I only invest what I am willing to lose. I feel that it's a good investment because for every $10 I invest I could earn as much as $100 pretty quickly... but I can only lose the $10.
The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
The price doesn't matter. I can only lose what I invest.
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