Heard of whales using bots? lol.
Whale-miners dumping equally all over the market with bots? 2.5 BTC every 60 seconds ... Sure possible. Most likely true.
What do they gain by doing this?
Topic: Sub $100 in spite of good news? (Read 2638 times)
Whale-miners dumping equally all over the market with bots? 2.5 BTC every 60 seconds ... Sure possible. Most likely true.
What do they gain by doing this?
Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?
If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.
Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.
oooh. A sour 'hodlmybtc'.
I'm not hoping for sub 100$, i know it's inevitable most likely. All 3600 coins are sold daily - on average. More coins have been mined in the past that also maybe need to dump at one point.
why is it repeated so much? Maybe because it's a major marketforce (the supply)?
Sure, pump and dump volume is impressive. What's the point of that?
you keep 'hodlyourbitcoin' and maybe go for some fresh air in case it's too much for you. Remember: price isn't important for a true believer.
I maybe really need to quit the forum as only brainless people seem to be here now and everyone who isn't a bull is suspected to be a paid shill and insulted for being spot on.
I feel much better since i have let go of the bull on the 5th of january. And suddenly i make bitcoin while being in pain for so long.... you need to capitulate and be desperate before we can move up again. You're still in denial stage.
If 3600 coins being produced per day is bearish, why was 7200 coins per day bullish?
Oh and I buy coins each month no matter the price. If there are less than ten thousand people like me around the world that will suck up all coin supply at these prices..
Of course next year it becomes 1800 coins a day. Only 5000 people buying around the world monthly to support the price..and that excludes paupers and the rich.
Price may weaken, sure, but buying in a halving range with an exponentially decreasing coin inflation rate is a bit like buying bonds in the knowledge of progressive future interest rate falls.
Hint: look up the relationship of bond prices to interest rates..
The problem with this forum is it populated by short term traders using technical analysis, but ignoring the much bigger picture.
I agree. Too many people are looking to "get rich quick" so they cry when they can't cash out without losing money.
Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?
If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.
Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.
oooh. A sour 'hodlmybtc'.
I'm not hoping for sub 100$, i know it's inevitable most likely. All 3600 coins are sold daily - on average. More coins have been mined in the past that also maybe need to dump at one point.
why is it repeated so much? Maybe because it's a major marketforce (the supply)?
Sure, pump and dump volume is impressive. What's the point of that?
you keep 'hodlyourbitcoin' and maybe go for some fresh air in case it's too much for you. Remember: price isn't important for a true believer.
I maybe really need to quit the forum as only brainless people seem to be here now and everyone who isn't a bull is suspected to be a paid shill and insulted for being spot on.
I feel much better since i have let go of the bull on the 5th of january. And suddenly i make bitcoin while being in pain for so long.... you need to capitulate and be desperate before we can move up again. You're still in denial stage.
If 3600 coins being produced per day is bearish, why was 7200 coins per day bullish?
Oh and I buy coins each month no matter the price. If there are less than ten thousand people like me around the world that will suck up all coin supply at these prices..
Of course next year it becomes 1800 coins a day. Only 5000 people buying around the world monthly to support the price..and that excludes paupers and the rich.
Price may weaken, sure, but buying in a halving range with an exponentially decreasing coin inflation rate is a bit like buying bonds in the knowledge of progressive future interest rate falls.
Hint: look up the relationship of bond prices to interest rates..
The problem with this forum is it populated by short term traders using technical analysis, but ignoring the much bigger picture.
But but,
bank of america said that 1300$ is the real price of Bitcoin.
http://www.forbes.com/sites/kashmirhill/2013/12/05/bank-of-america-analysts-say-bitcoins-value-is-1300/
bank of america said that 1300$ is the real price of Bitcoin.
http://www.forbes.com/sites/kashmirhill/2013/12/05/bank-of-america-analysts-say-bitcoins-value-is-1300/
I was reading the forums months ago when people were scoffing at the mere suggestion 'what if' bitcoin drops to 100 or less but now that it's made it to 100s already and even briefly jumping into the 300 before dropping back down to the mid 200s, resisting good news, isn't it realistic at this point to consider it very well can drop to 100 or below? If it's not reasonable please offer reasons why it just can't. Thanks.
The bump up from ~200 to 300 was a fast 50% gain, and those types of profits are very exciting for traders. Many people know that BTC is already over-sold, so smart money is buying and holding, not anticipating even lower levels.
I expect to see it around $200 after this dump.
It's a good guess but it'll most likely go down to the 220s and then ramp back up to the 300 territory before retracing back to a consolidation point, like 260ish.i think could be corrrect. I'd expect it to bounce around in the 200$-range for weeks and months to come. We're lucky if it doesn't dip into 100$-range. Being stable in 300$-range is out of sight.
I can see it staying in 200ish range for 2-3 weeks, then moon.
i seriously doubt if the price can reach 100$ ish now or at least in near future, it might drop a little before going up though
What don't you understand? What a lot of you perceive as "good news" is nothing but news. They are events that occur as a result of the financial shockwaves caused by bitcoin.
Market is much too sensible to 'news' in general. It's all bullshit. Why would anyone want a news-driven market? So the media can dictate the price? I think volatility cause by 'news' is pretty annoying.
It litters my TA. News is noise in the charts.
News is fucking bullshit 99% of the time.
Zum Beispiel: http://www.cnbc.com/id/101311601
What don't you understand? What a lot of you perceive as "good news" is nothing but news. They are events that occur as a result of the financial shockwaves caused by bitcoin.
Market is much too sensible to 'news' in general. It's all bullshit. Why would anyone want a news-driven market? So the media can dictate the price? I think volatility cause by 'news' is pretty annoying.
It litters my TA. News is noise in the charts.
What don't you understand? What a lot of you perceive as "good news" is nothing but news. They are events that occur as a result of the financial shockwaves caused by bitcoin.
Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?
If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.
Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.
oooh. A sour 'hodlmybtc'.
I'm not hoping for sub 100$, i know it's inevitable most likely. All 3600 coins are sold daily - on average. More coins have been mined in the past that also maybe need to dump at one point.
why is it repeated so much? Maybe because it's a major marketforce (the supply)?
Sure, pump and dump volume is impressive. What's the point of that?
you keep 'hodlyourbitcoin' and maybe go for some fresh air in case it's too much for you. Remember: price isn't important for a true believer.
I maybe really need to quit the forum as only brainless people seem to be here now and everyone who isn't a bull is suspected to be a paid shill and insulted for being spot on.
I feel much better since i have let go of the bull on the 5th of january. And suddenly i make bitcoin while being in pain for so long.... you need to capitulate and be desperate before we can move up again. You're still in denial stage.
Heard of whales using bots? lol.
Whale-miners dumping equally all over the market with bots? 2.5 BTC every 60 seconds ... Sure possible. Most likely true.
stop dreaming about sub 100, not gonna happen, to much buy pressure there, sub 200 is tough enough, we are staying here for a while
This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.
pipedreams and buying on hopium, hype, promises
-> doing it wrong
Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?
If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.
Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.
This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.
pipedreams and buying on hopium, hype, promises
-> doing it wrong
Either you're a paid shill or you're hoping to buy coins sub $100, why else would you be on a bitcoin forum?
If you don't see that 2015 will be the best year bitcoin has seen so far then I have no time to convice you.
Also your argument about the 3600 daily coins mined is something which is being repeated 1000 times a day in this forum. Just the last 24 hours the global trade volume exceeded 1.4 million coins, 3600 is like nothing compared to 1.4 million. And that is if all the 3600 coins are being sold daily, which isn't happening.
This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.
pipedreams and buying on hopium, hype, promises
-> doing it wrong
Better than nuttin, right.
People need something to believe in, true.
This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.
pipedreams and buying on hopium, hype, promises
-> doing it wrong
I was reading the forums months ago when people were scoffing at the mere suggestion 'what if' bitcoin drops to 100 or less but now that it's made it to 100s already and even briefly jumping into the 300 before dropping back down to the mid 200s, resisting good news, isn't it realistic at this point to consider it very well can drop to 100 or below? If it's not reasonable please offer reasons why it just can't. Thanks.
The bump up from ~200 to 300 was a fast 50% gain, and those types of profits are very exciting for traders. Many people know that BTC is already over-sold, so smart money is buying and holding, not anticipating even lower levels.
how do you determine it being oversold?
This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.
pipedreams and buying on hopium, hype, promises
-> doing it wrong
Still, $17mil > $1mil
Even with turnover those coins will be eaten up by people making profit and buying more to trade with.
Even with turnover those coins will be eaten up by people making profit and buying more to trade with.
Profit from thin air? People who are making profit with trading do not create new money in the system. (why do i even need to say that?)
Traders matter nothing - zero do they matter. What matters: miners draw money out of the system and new money does not come in as fast as miners draw it out. So here you got something to wrap your head around.
I understand what you're saying. But that doesn't mean those traders aren't putting more money into the system as they continue to trade, based on what you're saying we should still be going down everyday, and we haven't been recently. My initial response was meaning that the 3600 coins a day is a drop in the bucket to the amount traded every day. The downward pressure has not been because of miners but because of shorters, large sellers, etc.. Saying traders don't matter isn't correct. We've seen a shit ton of shorting and profit taking the last few months, you can't say that hasn't been one of the more bigger aspects to the price. Shorting in a bear market is pretty profitable, and shorters will continue to do so until their shorts are squeezed. Why am I having to say this? (Lol :p)
all correct but the miners give the shortsellers cover. 30 days: 100000 new coins
Where do they go? They go to exchange and are added for trading. Normally they are dumped at marketprice. So that's a basic dumping of 3600 coins every day which does happen reliably. How much is 3600 coins? How big is that sellwall? Such a sellwall every day ...
or differently said: a buywall of 3600 coins is whiped out every day across the exchanges - you don't see that. The coins come in drops. People underestimate this a lot.
It's this constant bleeding what you see every day. Shortsellers ad to it of course. They go with that.
I'd gladly buy a lot of coins sub $100 but I'm 99% sure it will never happen anymore imo.
2014 has been an awesome year for bitcoin in terms of adoption and VC backing, the price crashed because right before 2014 started the price went parabolic driven by bots a lot of speculators and had to correct.
Now 2015 is still in january and if you add all the news in the last couple of months together and with the Coinbase exchange open and Gemini/ETFs coming all the people/institutions who waited by the sidelines will start buying.
This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.
The orderbooks are thin already, all the getrichfast kids sold sub $200 and everything above added I'd say we're in for a wild ride, upwards ofcourse
2014 has been an awesome year for bitcoin in terms of adoption and VC backing, the price crashed because right before 2014 started the price went parabolic driven by bots a lot of speculators and had to correct.
Now 2015 is still in january and if you add all the news in the last couple of months together and with the Coinbase exchange open and Gemini/ETFs coming all the people/institutions who waited by the sidelines will start buying.
This year the real money will buy in and it will probably the biggest adoption increase bitcoin has seen so far.
The orderbooks are thin already, all the getrichfast kids sold sub $200 and everything above added I'd say we're in for a wild ride, upwards ofcourse
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