No good news and price just keeps going up????

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: y3804 on April 14, 2014, 11:43:01 AM

Seriously mindfucked about BTC being pumped.

Huobi accounts will be closed on April 18th. Same for most exchanges. Is this the final pump and dump?

Short-term thinking will do that to ya. Gotta keep the long-view: Bitcoin is simply the best money for our times: electronic, global, instant, secure, transparent, decentralized... We haven't had ideal money since humans developed the need to transact quickly over arbitrary distance; everything before bitcoin has sucked for that purpose (either by being a pain to transport (gold, silver) or subject to debasement/controls (fiat)). Bitcoin is exciting because it solves a 200yr old problem.

Money is about reducing the friction of exchange due to the money having certain properties that work well with whatever forms of economic interaction current society demands. Again, in our digital era, bitcoin is simply the best money, and it does not matter what the Chinese do today or tomorrow. Eventually the benefits of lowering the friction of exchange trump just about everything.

The long-run price trend of bitcoin reflects more people realizing the above.

MichaelBliss

hero member

Activity: 526

Merit: 500

Quote from: Gervais on April 14, 2014, 10:07:04 AM

Quote from: podyx on April 14, 2014, 09:59:30 AM

Where you been the last 4 months??

there's been loads of good news lol

Has there? Seems there hasnt been much news at all.

Setup a google alert for "bitcoin" and you'll see there's lots of news every day, most of it VERY good for bitcoin (i.e. new projects in development etc). The "bad news" tends to be untruthful and just off the mark.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: franky1 on April 14, 2014, 07:27:33 AM

news today
kimdotcom (mega.co.nz) has announced he supports bitcoin

dafuck, mega accepted bitcoin since day one

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: y3804 on April 14, 2014, 11:43:01 AM

Seriously mindfucked about BTC being pumped.

Good.

Quote

Huobi accounts will be closed on April 18th. Same for most exchanges. Is this the final pump and dump?

You're the master of China FUD, you tell us.

y3804

sr. member

Activity: 406

Merit: 250

Seriously mindfucked about BTC being pumped.

Huobi accounts will be closed on April 18th. Same for most exchanges. Is this the final pump and dump?

anu

legendary

Activity: 1218

Merit: 1001

RepuX - Enterprise Blockchain Protocol

Quote from: saif92 on April 14, 2014, 07:50:13 AM

Quote from: bitgeek on April 14, 2014, 07:48:09 AM

Quote from: escrow.ms on April 14, 2014, 07:10:40 AM

It's not rising, it's just going back where it was before.
Chinese didn't sold their btc yet = No big dump = buy now.

This!

The recent dumps were caused by FUD about BTC ban in China. There was no ban so the price is going back up.

Just because of these rumors too much panic in market and big whales enjoying with this but small investors going down

The same rules apply for small fish and whales. For example: "Buy when there is blood in the streets, even if it is your own.". "Sell when everyone is buying, buy when everyone is selling."

There is hardly a bitcoin price which you won't see many times in the future again. It'll most likely come back. There is no reason to buy into a boom and sell into a bust. the only price ranges we haven't seen at least twice is $1-$2, $32-$50 and $270-$340. If small investors would just do that, they'd be fine.

jparsley

sr. member

Activity: 266

Merit: 250

Finally some good news

RUEHL

full member

Activity: 126

Merit: 100

Old stock market saying, "Buy on Rumor, Sell on News."

Rumor: Big announcement from China April 15

News: Word on street is that of ATM deployment

Ron~Popeil

sr. member

Activity: 406

Merit: 250

This kind of growth that is not driven by the news cycle is good solid growth. That kind of growth is not prone to causing huge bubbles.

jubalix

legendary

Activity: 2632

Merit: 1023

even without good news, the FUD just burns itself out. You see is so much and it just becomes a drone then nothing and BTC still exists and powers on.

Read through early posts of this forum, and the FUD has all been done before. The latest round of newbs has just gone. Nope.

Sure there can be another shake out, but hey so what.

rohan1

newbie

Activity: 40

Merit: 0

Disadvantage from China factor will wipe out ,so the price should restore to the normal track.

Gervais

sr. member

Activity: 366

Merit: 250

Quote from: podyx on April 14, 2014, 09:59:30 AM

Where you been the last 4 months??

there's been loads of good news lol

Has there? Seems there hasnt been much news at all.

podyx

legendary

Activity: 2338

Merit: 1035

Where you been the last 4 months??

there's been loads of good news lol

zolace

sr. member

Activity: 364

Merit: 250

Yeah people get manipulated to easy with news, I guess there are lot of dum dums in the market, hopefully people wake up.

miketonic

full member

Activity: 185

Merit: 100

BTC market seems to be quite irrational

saif92

sr. member

Activity: 392

Merit: 250

Quote from: bitgeek on April 14, 2014, 07:48:09 AM

Quote from: escrow.ms on April 14, 2014, 07:10:40 AM

It's not rising, it's just going back where it was before.
Chinese didn't sold their btc yet = No big dump = buy now.

This!

The recent dumps were caused by FUD about BTC ban in China. There was no ban so the price is going back up.

Just because of these rumors too much panic in market and big whales enjoying with this but small investors going down

bitgeek

sr. member

Activity: 462

Merit: 251

Quote from: escrow.ms on April 14, 2014, 07:10:40 AM

It's not rising, it's just going back where it was before.
Chinese didn't sold their btc yet = No big dump = buy now.

This!

The recent dumps were caused by FUD about BTC ban in China. There was no ban so the price is going back up.

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

In a word, Bitcoin.

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: SirWilliam on April 14, 2014, 07:08:12 AM

Looks pretty suspicious, can't find any good news and the price just keeps rising. Could this be the beginning of bitcoin? I'm sorry people, looks like it's GAME ON. Get in while you can before the melt-up begins.

LMAO, couldn't resist after the endless trolling about price drops and bad news...

people are realizing the chinese news of december-last week was overhyped or full of fud

news today
kimdotcom (mega.co.nz) has announced he supports bitcoin
chinese exchanges announce that they have banks that allow them to continue trading
chinese exchanges prove they are not dissolving by releasing ATM's to expand their business
bad people of bitcoin are getting arrest warrents/court orders thrown at them, which restores confidence that theives get punished (neobee)
big canadian bitcoin convention happening
news of more businesses accepting bitcoin this week
square announces they are working with bitcoin, for their merchants

bjalbert

full member

Activity: 166

Merit: 100

good to see it finally going up. Hope it stays 450+ and goes up from there but who knows.

Topic: No good news and price just keeps going up???? (Read 1780 times)