Topic: The falling knife is starting. (Read 6584 times)
much love to my fellow BTC bagholders 
Fixed!
much love to my fellow BTC believers [knowers]
It's funny how folks apply these terms to Bitcoin. This isn't simply a currency or commodity, but the discovery of a fundamental technology. I think everyone here by now recognizes that Bitcoin cannot fail in the long run without a great deal of effort applied against it. While I appreciate the work exchanges have put into making Bitcoin accessible to non-miners, they have created nothing more than a game for gamblers by allowing such rapid price updates. Maybe they simply need the game to generate revenue to improve operations. I don't begrudge them for recognizing the opportunity. The whole Bears v Bulls threads have become a game of gambits. I'll just keep buying Bitcoin to supplement my mining. Enjoy your games.
Gaming is just a hobby that lots of people enjoy so as to make it an non-definitive one at that. The book isn't the cover and the map isn't the territory -- remember where you are: the "shallow" Web.
It's funny how folks apply these terms to Bitcoin. This isn't simply a currency or commodity, but the discovery of a fundamental technology. I think everyone here by now recognizes that Bitcoin cannot fail in the long run without a great deal of effort applied against it. While I appreciate the work exchanges have put into making Bitcoin accessible to non-miners, they have created nothing more than a game for gamblers by allowing such rapid price updates. Maybe they simply need the game to generate revenue to improve operations. I don't begrudge them for recognizing the opportunity. The whole Bears v Bulls threads have become a game of gambits. I'll just keep buying Bitcoin to supplement my mining. Enjoy your games.
Waiting for the falling knives after I sold off, still waiting. It is now slightly below $6 but is still looking too strong to be falling knives.
RISK=ON
falling knife gonna falling knife
True we need to start focusing on the financial world. We already got all the techies on board, now lets bring all the people with the money.
This. I just made a related thread, but here's another flashy example.
What the heck, seriously? Is this what people are holding Bitcoins for right now, getting the people with the fiat money and taking said money ASAP? How the hell is this different from what the governments try to do?
Bitcoin is not intended as a get-rich-quick scheme. We do need some speculation, and certainly want the speculators to get fair profits, but it's not supposed to be a lottery, pyramid scheme, or other construct to redistribute wealth. Our market cap is good for the moment, it might even be overbought, why can't people just let it rest for now?
in other words, stop being so greedy, assholes. go ruin world economies if you want to speculate prices to hell. this forum is for the growth and prosperity of the bitcoin project.
True we need to start focusing on the financial world. We already got all the techies on board, now lets bring all the people with the money.
This. I just made a related thread, but here's another flashy example.
What the heck, seriously? Is this what people are holding Bitcoins for right now, getting the people with the fiat money and taking said money ASAP? How the hell is this different from what the governments try to do?
Bitcoin is not intended as a get-rich-quick scheme. We do need some speculation, and certainly want the speculators to get fair profits, but it's not supposed to be a lottery, pyramid scheme, or other construct to redistribute wealth. Our market cap is good for the moment, it might even be overbought, why can't people just let it rest for now?
i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay
Am I missing something, hasn't bitcoin had a presence at CES all week?
(edit, via MtGox and bitpay obviously)
The price is affected by volume of buying and selling. Nerds who become interested in bitcoin at CES arent just dropping to the floor to crack their laptop to wire 200k off to japan to auto-buy some bitcoins. Personally I'm pretty sure nerds ALL have heard of bitcoins anyways. Now if MtGox could show up at a FOREX trading conference....that might have a much bigger effect.
This.
i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay
Am I missing something, hasn't bitcoin had a presence at CES all week?
(edit, via MtGox and bitpay obviously)
The price is affected by volume of buying and selling. Nerds who become interested in bitcoin at CES arent just dropping to the floor to crack their laptop to wire 200k off to japan to auto-buy some bitcoins. Personally I'm pretty sure nerds ALL have heard of bitcoins anyways. Now if MtGox could show up at a FOREX trading conference....that might have a much bigger effect.
This.
I thought I was stuck with a whole bunch of expensive bitcoins when the price kept falling to $6.25 and below. I was pleasantly surprised when I woke up this morning to see someone had bought all of them up at a profit. If the price continues to go up then so be it. But I'm glad I got out of a losing position.
...falling up and up and up and up 
The flying knife doesn't give a shit about triangles and Elliot waves.
It is known.
so where's the knife?
I meant forex traders would like to come help "speculate" in this no rules trading cage match.
That's OK. Seems to me, speculation only helps this novel market, since it is decentralized and all transactions are public.
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