panic kicking in, sub 200 by friday - page 4.

pleaseexplain

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Quote from: ensurance982 on April 08, 2015, 08:56:48 AM

Quote from: pleaseexplain on April 08, 2015, 08:53:29 AM

Quote from: ensurance982 on April 08, 2015, 08:33:34 AM

Quote from: pleaseexplain on April 08, 2015, 08:28:25 AM

Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

Quote from: zyzzbrah on April 08, 2015, 07:38:05 AM

Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

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?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

I believe the technology is highly interesting and it is a one-of-a-kind asset (don't get started on altcoins, they don't matter) and it will have its place in the financial world. We need to find out which place this is still, though. It's now mostly speculation-driven.

I am also a believer that bitcoin has its place but in terms of its price i think it has always been highly speculated virtually since day 1. eg price on april 11 2011 was 96c. Price on june 20 2011 was $17.36. that is some rise over just 70 days

ensurance982

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Quote from: sana54210 on April 08, 2015, 09:06:04 AM

Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I also think any current news most likely won't push the price of Bitcoin to that point. That being said, the price will jump right back if incase that might happen as we had seen time and time again. So right now there is no need for such panic, but just hold tight to your seat with bitcoin buckled up with you Cheesy

Nah, serious and significant trendlines will be broken then. At least we will continue the bear-market for another few months, or so. We may see another dull summer...

Shiver

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I often wonder why things like Gold aren't going through the roof given that the major currencies are of an age where they're ready to fail in classic style, but have to remind myself that the gold markets are not the gold (the menu is not the meal), and that if I were a nation state, I wouldn't be making public announcements about my hoarding habits on an open exchange.

So for bitcoin, if I were a company capable of bringing a game changer to market, I'd be quite happy to see prices stagnant or even a little lower, and I might even play with (in relative terms) petty money to keep it there, even if there are some bottom feeders (what people call whales) nibbling away at my food, until I'm good and ready to blow the doors off to my own schedule.

I'm not a trader btw, I'd suck at that so I stay away from asset burning behaviour, and just watch with curiosity from the sidelines polishing my coins and waiting.

sana54210

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Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

I also think any current news most likely won't push the price of Bitcoin to that point. That being said, the price will jump right back if incase that might happen as we had seen time and time again. So right now there is no need for such panic, but just hold tight to your seat with bitcoin buckled up with you Cheesy

ensurance982

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Activity: 518

Merit: 500

Trust me!

Quote from: pleaseexplain on April 08, 2015, 08:53:29 AM

Quote from: ensurance982 on April 08, 2015, 08:33:34 AM

Quote from: pleaseexplain on April 08, 2015, 08:28:25 AM

Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

Quote from: zyzzbrah on April 08, 2015, 07:38:05 AM

Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

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?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

I believe the technology is highly interesting and it is a one-of-a-kind asset (don't get started on altcoins, they don't matter) and it will have its place in the financial world. We need to find out which place this is still, though. It's now mostly speculation-driven.

pleaseexplain

member

Activity: 73

Merit: 10

Quote from: ensurance982 on April 08, 2015, 08:33:34 AM

Quote from: pleaseexplain on April 08, 2015, 08:28:25 AM

Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

Quote from: zyzzbrah on April 08, 2015, 07:38:05 AM

Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

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?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

ensurance982

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Activity: 518

Merit: 500

Trust me!

Quote from: Shiver on April 08, 2015, 08:47:09 AM

Quote from: ensurance982 on April 08, 2015, 08:21:51 AM

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.

Fair comment, though we have to remember that some of the larger companies coming on the the scene won't be using exchanges as their preferred trough to scoop up coins, and they won't be spending a lot of time on forums such as this one like we do in order to determine where the market is going, they'll be laying the tracks for the market directly. That will be reflected in our minion serving exchanges price eventually though when word gets out.

That said, even the larger companies behaviour will pale into insignificance compared to a viral take off by mainstream using those services as their conduit. The connector companies between the two isn't really in place yet though to roll out their wares to mainstream, so we need patience while the laggards catch up with the visionaries and early adopters (I'd still call todays people early adopters), which looks like at least a few years to me (next month marks my 5th year of watching this market, though it doesn't feel like that long).

We've come a long way, but you can see in the threads that a lot of us are resigned to the fact that we're not going to be having moon parties every couple of months if it is to be a credible technology.

Yeah that's what I'm thinking, as well. I think you can indeed cause a panic selling of some sort, but the volume and magnitude will be insignificant. People who can be 'tricked' into selling most likely don't have that many coins. You could put up a bid-wall, though and try to cause as many people as possible into selling into that wall of yours.

Shiver

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Activity: 248

Merit: 252

Quote from: ensurance982 on April 08, 2015, 08:21:51 AM

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.

Fair comment, though we have to remember that some of the larger companies coming on the the scene won't be using exchanges as their preferred trough to scoop up coins, and they won't be spending a lot of time on forums such as this one like we do in order to determine where the market is going, they'll be laying the tracks for the market directly. That will be reflected in our minion serving exchanges price eventually though when word gets out.

That said, even the larger companies behaviour will pale into insignificance compared to a viral take off by mainstream using those services as their conduit. The connector companies between the two isn't really in place yet though to roll out their wares to mainstream, so we need patience while the laggards catch up with the visionaries and early adopters (I'd still call todays people early adopters), which looks like at least a few years to me (next month marks my 5th year of watching this market, though it doesn't feel like that long).

We've come a long way, but you can see in the threads that a lot of us are resigned to the fact that we're not going to be having moon parties every couple of months if it is to be a credible technology.

[EDIT: 4th year in BTC, not 5th - I can't even count on one hand it seems]

ensurance982

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Quote from: pleaseexplain on April 08, 2015, 08:28:25 AM

Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

Quote from: zyzzbrah on April 08, 2015, 07:38:05 AM

Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

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?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

ensurance982

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Activity: 518

Merit: 500

Trust me!

Quote from: SirChiko on April 08, 2015, 08:26:48 AM

Quote from: ensurance982 on April 08, 2015, 08:21:51 AM

Quote from: Shiver on April 08, 2015, 08:14:52 AM

Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

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.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then Wink

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.

pleaseexplain

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Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

Quote from: zyzzbrah on April 08, 2015, 07:38:05 AM

Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

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?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

SirChiko

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Activity: 966

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Quote from: ensurance982 on April 08, 2015, 08:21:51 AM

Quote from: Shiver on April 08, 2015, 08:14:52 AM

Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

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.

Well, this user's intention seems to be to spread fud and panic, i just checked his previous posts and i suggest you to do the same...
You will sure also notice that ignore button under his name then Wink

ensurance982

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Activity: 518

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Quote from: Shiver on April 08, 2015, 08:14:52 AM

Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

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.

Shiver

sr. member

Activity: 248

Merit: 252

Quote from: ensurance982 on April 08, 2015, 07:51:39 AM

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.

tokeweed

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Life, Love and Laughter...

Quote from: Hyena on April 08, 2015, 06:18:21 AM

time to buy!

At sub 200, yes. Orders are in place at 170 - 180.

Missed the last one.

ensurance982

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Quote from: Ibistru on April 08, 2015, 07:59:50 AM

Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

Is this a new scheme: dump and pump and dump? Cheesy

This is called shorting. Use the small bounces to short, and then sell the dip. Effectively this is: short the pump, close the dip... Preferrably on margin.

Ibistru

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Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

Is this a new scheme: dump and pump and dump? Cheesy

ensurance982

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Activity: 518

Merit: 500

Trust me!

Quote from: zyzzbrah on April 08, 2015, 07:38:05 AM

Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

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?

zyzzbrah

member

Activity: 84

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Quote from: kwukduck on April 08, 2015, 06:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: Q7 on April 08, 2015, 07:19:45 AM

And so which channel was that? Any news event that could suddenly cause the panic situation? Yeah, I saw the dip but other than that, I don't see any justification to your claim. Anyway, if it really does happen, I already have fund on standby to grab at that price.

Well, it's mostly the recent small-time bullish channel starting in January 2015 that's now pressing against the longterm bearish resistance. The biggest question now is whether we will be smashed down by that resistance or whether we break out of the bear market for good.

Topic: panic kicking in, sub 200 by friday - page 4. (Read 4005 times)