Topic: R-R-R-REBOUND! (23USD/BTC) (Read 3850 times)
What a wild weekend! The market is heading up just a bit so far today, buy now before people get crazy!
I'm upset I didn't have enough liquid capital to dump at the $10-$11 valuation. I must say I'm surprised there was such an early rebound.
I'm not.
I think a lot of people see Bitcoin as 'futuristic'. The currency we use to support our everyday lives is supported in kind by a selfish financial banking system that is crumbling around us. It's a train wreck waiting to happen. A dying system based on paper.
In contrast, to many people, Bitcoin offers a new way of trading. Its secure, and is not subject to manipulation or corruption by a powerful few. The 'market' will set Bitcoin's value. Its all based on supply and demand.
I'm not surprised 1 x Bitcoin is worth 10 x $1 fiat notes, not at all. And I'd go as far as to say in my opinion its currently under-valued.
I agree a few people could control the market, especially the ones holding 50K plus bitcoins who are earger to cash it out when it hits higher prices.
But I do not see the incentive to try and control the market, because I do not see how one could profit. For example, most sellers have in their mind a set price to sell at, if they try and dump bitcoins to force these sellers to sell lower, I still doubt they will sell and probably hold out.
They could maybe get some deals by trying to control the market, but it would not make up for the loss they took on trying to control it.
Come to think of it, the market is actually controlled. All the people who are holding bitcoins are in a way manipulating the market by making it scarce, so that the price will go up. They will never be able to use all that coin for anything, so they hold onto it. At any point they could dump.
But I do not see the incentive to try and control the market, because I do not see how one could profit. For example, most sellers have in their mind a set price to sell at, if they try and dump bitcoins to force these sellers to sell lower, I still doubt they will sell and probably hold out.
They could maybe get some deals by trying to control the market, but it would not make up for the loss they took on trying to control it.
Come to think of it, the market is actually controlled. All the people who are holding bitcoins are in a way manipulating the market by making it scarce, so that the price will go up. They will never be able to use all that coin for anything, so they hold onto it. At any point they could dump.
a few coordinated people could totally control the values, and make tons of money.
When it hit 30 I got nervous that it was gonna correct soon, and I was right. But I was thinking that a couple people with high volume trades could totally control the value and move it up and down at their whim.
Sure, there are outliers and unknowns such as new people coming into the markets, but I have no doubt some people could (and probably are) making strategic sells and buys to move the value.
When it hit 30 I got nervous that it was gonna correct soon, and I was right. But I was thinking that a couple people with high volume trades could totally control the value and move it up and down at their whim.
Sure, there are outliers and unknowns such as new people coming into the markets, but I have no doubt some people could (and probably are) making strategic sells and buys to move the value.
I'm upset I didn't have enough liquid capital to dump at the $10-$11 valuation. I must say I'm surprised there was such an early rebound.
My post is a negative warning, with a positive message for Bitcoin Health.
Why can't the market be more "sane", going up so fast is not a good sign since a strong pull-back is more likely. Slow and steady is better for investors and Bitcoin. At this rate it could be back to $10.25 today's low in < 60 minutes.
Why can't the market be more "sane", going up so fast is not a good sign since a strong pull-back is more likely. Slow and steady is better for investors and Bitcoin. At this rate it could be back to $10.25 today's low in < 60 minutes.
Bitcoin is a young project and a small market. Volatility is spected, it should not be a surprise. Only with time and more acceptance will volatility go away.
Correct. Volatility will be with us for a looooooooooong time. I think all the coins will need to be mined and then maybe 5+ years after that will need to pass. It's all quite fascinating really.
awesome haha 
anybody who invested over $600 in btc and sold when it crashed deserves to lose all their money, investing while not knowing anything about how markets work is just plain dumb
Don't let the guy who lost his retirement money see this thread. People freak out too easy too fast.
Lost his retirement money? I suppose I can see the greed take over and then see people get scared, did someone buy in really high and then decide not to wait it out?
Don't let the guy who lost his retirement money see this thread. People freak out too easy too fast.
Damn, it takes to long to move money. 
And now we're at 23. 
maybe there are some investors taking advantage of this.
I mean, it doesn't' take too much $ to run up or down the price at mtgox
I mean, it doesn't' take too much $ to run up or down the price at mtgox
Hmmn. I wonder when the next crash will come? Certainly within a week. I'm starting to see a pattern, here. I really ought to start playing the game - I've been strictly a miner up to this point.
I was hoping it could correct more so I can back up my truck and load up...
Atlas, I took a nap.
Atlas, I took a nap.
i personally think that the real value is much, much higher than right now.
Its $19!! SELL SELL SELL
lol
lol
My post is a negative warning, with a positive message for Bitcoin Health.
Why can't the market be more "sane", going up so fast is not a good sign since a strong pull-back is more likely. Slow and steady is better for investors and Bitcoin. At this rate it could be back to $10.25 today's low in < 60 minutes.
Why can't the market be more "sane", going up so fast is not a good sign since a strong pull-back is more likely. Slow and steady is better for investors and Bitcoin. At this rate it could be back to $10.25 today's low in < 60 minutes.
Bitcoin is a young project and a small market. Volatility is spected, it should not be a surprise. Only with time and more acceptance will volatility go away.
My post is a negative warning, with a positive message for Bitcoin Health.
Why can't the market be more "sane", going up so fast is not a good sign since a strong pull-back is more likely. Slow and steady is better for investors and Bitcoin. At this rate it could be back to $10.25 today's low in < 60 minutes.
Why can't the market be more "sane", going up so fast is not a good sign since a strong pull-back is more likely. Slow and steady is better for investors and Bitcoin. At this rate it could be back to $10.25 today's low in < 60 minutes.
One can only hope for so much, and that it goes back up... and then back down and back up again!
My post is a negative warning, with a positive message for Bitcoin Health.
Why can't the market be more "sane", going up so fast is not a good sign since a strong pull-back is more likely. Slow and steady is better for investors and Bitcoin. At this rate it could be back to $10.25 today's low in < 60 minutes.
Why can't the market be more "sane", going up so fast is not a good sign since a strong pull-back is more likely. Slow and steady is better for investors and Bitcoin. At this rate it could be back to $10.25 today's low in < 60 minutes.
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