Topic: panic kicking in, sub 200 by friday - page 2. (Read 4005 times)
Well, Friday is drawing to a close. $230 has held so far, but not if a few k get dropped from here.
Alright, the dumping is continuing - I give you that. But we're still not even half-way to $200! I dare you bears, I double dare you, actually!
I think if the price drops below 236 we will see some downward action to 210s.
+1My maths say the same
well this guess was wrong, we are returning to the previous price, or at least the dump has stopped, sub 200 is even more wrong, and since there is enough buy support at 230, it will not drop further
It has already reached $233 but I am still waiting for a day and then selling it at the bitstamp rate. It won't be a big loss for me though but I am going to be patient and wait for a month to see if it keeps decreasing or increasing. Hoping that it does not go below $230 the next week.
I think if the price drops below 236 we will see some downward action to 210s.
+1My maths say the same
236$ - 26$ ? At least pretend :p
I think if the price drops below 236 we will see some downward action to 210s.
+1My maths say the same
Bitstamp orderbook is currently a joke. A medium size dump can trigger panic sellers to dump their coins.
If a whale wants to dump it to very low $200 at bitstamp, he won't have much problems doing so.
If a whale wants to dump it to very low $200 at bitstamp, he won't have much problems doing so.
You don't know this. I'd bet there is a very small amount of people that will sell on even a sub $100 dip.
Which exchange is the driver?
Bitstamp orderbook is currently a joke. A medium size dump can trigger panic sellers to dump their coins.
If a whale wants to dump it to very low $200 at bitstamp, he won't have much problems doing so.
If a whale wants to dump it to very low $200 at bitstamp, he won't have much problems doing so.
It's Friday in my time zone, 5000 bitcoins should be sold on stamp for the price to drop under 200. not going to happen, OP is a liar.
I still give it till Saturday noon CET, I guess. Then every place on Earth had the chance to see a sub-$200 coin, and if it didn't happen, well - at least this thread was wrong. I guess you need to be a contrarian investor these days in order to keep your hopes up....
I think if the price drops below 236 we will see some downward action to 210s.
It's Friday in my time zone, 5000 bitcoins should be sold on stamp for the price to drop under 200. not going to happen, OP is a liar.
Speculation goes hand-in-hand with wishful thinking. Nice try though.
It's Friday in my time zone, 5000 bitcoins should be sold on stamp for the price to drop under 200. not going to happen, OP is a liar.
Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?
I think it would have very little effect, and even if it did then more likely the opposite of what you're querying. Crowd herding doesn't fulfill the requirements of Crowd Intelligence, since in this instance the same information is available to all, and people are comparing notes. If it were a blind poll of a diverse group of peoples skills/lack of, with requisite variety, then perhaps you could aggregate the results and find some meaning, but not like this. It takes most people to be wrong for a few to be very successful.
Well I think it could actually be possible to cause panic or a feeling of uneasiness in people. I, myself, feel pretty uneasy when I read about long-term members raising scepticism. I haven't acted on this in ages, but I think it is possible to cause a panic. I remain sceptical about the practical usefulness of this, though.
You will sure also notice that ignore button under his name then
Yeah, but there's a difference between continuing to spread FUD and voicing honest concerns and reasonable doubts about the Bitcoin ecosystem/technology in general.
Some people are even paid for doing this
Well, I wasn't only talking about his posts... I was merely implying that there are other people who voice critical concerns about Bitcoin, but they base their criticism on facts and intelligently phrase their concerns. (And they still accept other peoples' opinions!)
Keep in mind, and I'm not saying this is the case here: there is always the chance that high profile accounts are hijacked, bought or otherwise used to orchestrate a specific opinion. Echoing the OP by fresh accounts can serve as further indicator. If there is any suspicion, it may help to compare the sentiment of the message with post histories, to spot irregularities.
Yeah, its gotta be some sort of collusion/plot/troll army -- it couldn't possibly be a genuine post that claims what most people have already figured out....Bitcoin supply is way outstripping demand.
Keep in mind, and I'm not saying this is the case here: there is always the chance that high profile accounts are hijacked, bought or otherwise used to orchestrate a specific opinion. Echoing the OP by fresh accounts can serve as further indicator. If there is any suspicion, it may help to compare the sentiment of the message with post histories, to spot irregularities.
it could be, because if you see his post history, he wasn't posting so much before in this section, but his style seems the same...
Keep in mind, and I'm not saying this is the case here: there is always the chance that high profile accounts are hijacked, bought or otherwise used to orchestrate a specific opinion. Echoing the OP by fresh accounts can serve as further indicator. If there is any suspicion, it may help to compare the sentiment of the message with post histories, to spot irregularities.
Not when mining is barely make up the electricity
It seems the daily 3600 coins mined are not a big deal, but 10 days will be 36000 coins, and 100 days will be 360K coins, it will affect market slowly but surely. When they are extremely profitable, most of them will be dumped right away, but now when they can even be underwater, these coins will be hoarded, thus dramatically reduce the daily coin supply on market
And the difficulty is on the rise, means the infrastructure investment has not stopped
It seems the daily 3600 coins mined are not a big deal, but 10 days will be 36000 coins, and 100 days will be 360K coins, it will affect market slowly but surely. When they are extremely profitable, most of them will be dumped right away, but now when they can even be underwater, these coins will be hoarded, thus dramatically reduce the daily coin supply on market
And the difficulty is on the rise, means the infrastructure investment has not stopped
I see it the opposite way. Costs are relatively fixed in terms of electricity and facility. A lower coin price means a greater % of mined coins need to be sold to meet costs. When the price is higher, the miner may elect to keep a greater % of profits in btc. And no serious (non-hobbyist) miner is running at an operating loss right now, that level is probably somewhere in the low to mid $1xx.
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