gentlemen, it is now or never to sell >250$.
Too late
A single 4000 sell brings us down to 220. Only ina and billy can save us now.
800
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21037. (Read 26709367 times)
August 18, 2015, 06:36:42 PM
Too late
A single 4000 sell brings us down to 220. Only ina and billy can save us now.
800
August 18, 2015, 06:36:24 PM
holy shit the dumps
I think anti-privacy volks are dumping because of the privacy news
I think anti-privacy volks are dumping because of the privacy news
August 18, 2015, 06:34:32 PM
The selloff is accelerating.
Do people think that their coins are going to be worthless if this whole XT fork ends up happening? Is that why people are dumping? Is there any evidence to suggest the classic core coins will be worthless? What happens to my BTC? I sure as hell don't want to be holding if this is the case.
I thought this whole XT thing might actually be a positive catalyst, but obviously I don't know anything about the economics here.
Do people think that their coins are going to be worthless if this whole XT fork ends up happening? Is that why people are dumping? Is there any evidence to suggest the classic core coins will be worthless? What happens to my BTC? I sure as hell don't want to be holding if this is the case.
I thought this whole XT thing might actually be a positive catalyst, but obviously I don't know anything about the economics here.
August 18, 2015, 06:34:10 PM
Holy crap!
August 18, 2015, 06:04:58 PM
Been extremely busy over the last two weeks but we seem to have become awfully bearish over what is actually a non-event in actual economic terms for bitcoin.
If bitcoin evolves to be a bitcoin-xt chain then bitcoin will potentially scale as transaction demand rises in the coming months/years. If bitcoin remains derived from reference Core clients then nothing is likely to change until the blocksize limit is reached, at which stage the majority of hashing power will simply fork for purely economic reasons and choose to scale - bitcoin Core developers be damned.
The end result to the user is zero for at least another year. High drama of course for the speculators.
Remember the long term log downtrend is currently at ~225. So even in this fabricated existential crisis we are still 25 dollars above that even now.
If we turn upwards before 220 then this is still a bullish recovery in the intermediate term.
If bitcoin evolves to be a bitcoin-xt chain then bitcoin will potentially scale as transaction demand rises in the coming months/years. If bitcoin remains derived from reference Core clients then nothing is likely to change until the blocksize limit is reached, at which stage the majority of hashing power will simply fork for purely economic reasons and choose to scale - bitcoin Core developers be damned.
The end result to the user is zero for at least another year. High drama of course for the speculators.
Remember the long term log downtrend is currently at ~225. So even in this fabricated existential crisis we are still 25 dollars above that even now.
If we turn upwards before 220 then this is still a bullish recovery in the intermediate term.
August 18, 2015, 06:02:49 PM
gentlemen, it is now or never to sell >250$.
August 18, 2015, 05:56:41 PM
We now have four red candles in a row on the weekly chart. That hasn't happened since the crash last winter.
interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?
lol, bitcoin has the same problem as oil... plenty of it and no demand! interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?
But still both have a place in the world lol
August 18, 2015, 05:49:56 PM
I wonder how people will try to close their longs with this massively dwindling support.
Like always, without any problem.
I guess that's one way of looking at it...
head up and go forward
August 18, 2015, 05:42:58 PM
The bear trolls are back.
August 18, 2015, 05:41:16 PM
...traps set by government infiltrators and bankster saboteurs 
There we go again
August 18, 2015, 05:39:25 PM
I wonder how people will try to close their longs with this massively dwindling support.
Like always, without any problem.
August 18, 2015, 05:28:19 PM
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
Mr. Contradiction, from where did you buy your crystal ball ?
Kindly tell me as your crystal balls sucks tbh !!
Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run?
Did you hear about the internet ?
The internet can be equaled to the blockchain, not to a particular implementation of the blockchain called bitcoin. Saying that bitcoin IS the only possible blockchain is a like saying Mosaic is the only possible internet browser.
And who came with the blockchain, isn't bitcoin ?
Yes, the inventors of Bitcoin invented the blockchain. Since then there are already hundred, if not thousands of implementation's on the market with various improvements and variations from bitcoin's implementation. The only reason bitcoin is still largest is because of it's first mover advantage and widespread adoption. Which is also it's handicap since it's so difficult to change obvious flaws.
You better start fixing those obvious flaws then, it's open source, instead of complaining here.
August 18, 2015, 05:23:18 PM
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
Mr. Contradiction, from where did you buy your crystal ball ?
Kindly tell me as your crystal balls sucks tbh !!
Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run?
Did you hear about the internet ?
The internet can be equaled to the blockchain, not to a particular implementation of the blockchain called bitcoin. Saying that bitcoin IS the only possible blockchain is a like saying Mosaic is the only possible internet browser.
And who came with the blockchain, isn't bitcoin ?
Yes, the inventors of Bitcoin invented the blockchain. Since then there are already hundred, if not thousands of implementation's on the market with various improvements and variations from bitcoin's implementation. The only reason bitcoin is still largest is because of it's first mover advantage and widespread adoption. Which is also it's handicap since it's so difficult to change obvious flaws.
August 18, 2015, 05:23:06 PM
We are now looking at the next huge wave down last seen summer 2014 (ofc with some bounces), we might find some ground at 230 (longterm trendline since april 2013) - if it fails we collapse into 1xx and then double digits.
Right now the price is $250 - advice, short.
If it comes true double digits will be around december this year (2015). My guess is $77.
Saved for future reference.
Edit: Within a year I also expect bitstamp & bitfinex to collapse (bankruptcy).
Right now the price is $250 - advice, short.
If it comes true double digits will be around december this year (2015). My guess is $77.
Saved for future reference.
Edit: Within a year I also expect bitstamp & bitfinex to collapse (bankruptcy).
Why do you think those two exchanges will go bankrupt and not the others? Which exchanges do you think won't go bankrupt? Bitfinex provides shorting options which some people speculate might lead to bankruptcy if an extreme crash happens. However Bitstamp doesn't allow shorting, so why do you think it might go bankrupt, unless you think it has unsustainable debts remaining from when it was hacked?
August 18, 2015, 05:03:10 PM
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
Mr. Contradiction, from where did you buy your crystal ball ?
Kindly tell me as your crystal balls sucks tbh !!
Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run?
Did you hear about the internet ?
The internet can be equaled to the blockchain, not to a particular implementation of the blockchain called bitcoin. Saying that bitcoin IS the only possible blockchain is a like saying Mosaic is the only possible internet browser.
And who came with the blockchain, isn't bitcoin ?
August 18, 2015, 05:01:29 PM
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
Mr. Contradiction, from where did you buy your crystal ball ?
Kindly tell me as your crystal balls sucks tbh !!
Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run?
Did you hear about the internet ?
The internet used NCP ( under arpanet) until 1983 when they changed protocol to tcp/ip.
August 18, 2015, 04:59:22 PM
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
Mr. Contradiction, from where did you buy your crystal ball ?
Kindly tell me as your crystal balls sucks tbh !!
Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run?
Did you hear about the internet ?
The internet can be equaled to the blockchain, not to a particular implementation of the blockchain called bitcoin. Saying that bitcoin IS the only possible blockchain is a like saying Mosaic is the only possible internet browser.
August 18, 2015, 04:58:40 PM
Boom
http://www.zerohedge.com/news/2015-08-18/seeking-alternatives-1000-bitcoin-atms-are-coming-greece
Got yer coinz, Bitches.
http://www.zerohedge.com/news/2015-08-18/seeking-alternatives-1000-bitcoin-atms-are-coming-greece
Got yer coinz, Bitches.
The future is ours dear
I'm ROFLING at this bear trap, as gotmilk_ said, whales need more coins and me as well although I'm a jellyfish and not a whale
August 18, 2015, 04:57:19 PM
Boom
http://www.zerohedge.com/news/2015-08-18/seeking-alternatives-1000-bitcoin-atms-are-coming-greece
Got yer coinz, Bitches.
http://www.zerohedge.com/news/2015-08-18/seeking-alternatives-1000-bitcoin-atms-are-coming-greece
Got yer coinz, Bitches.
August 18, 2015, 04:55:51 PM
We now have four red candles in a row on the weekly chart. That hasn't happened since the crash last winter.
interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?
interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?
Comparing bitcoin to crude is meaningless. Sorry, but it's true.
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