Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25567. (Read 26611258 times)

This.

The problem is: Price won't rise as long as merchants and miners dump thousands of coins every day. There simply isn't enough demand for all of that supply. That's why the price will continue falling until Bitcoin finds its "true price", which is somewhere in the single digits, probably very close to zero.

We're slowly coming out of the delusional bubble sparked by Markus, Willybot and other Karpeles manipulation schemes. Gox was, for a long time, the only BTC exchange. And it was by far the largest, for several years. With Gox gone, the veil of illusions is slowly fading away, and people are gradually realizing that internet funbux simply aren't worth several hundred dollars.

He has your bbet interests at heart.

You might be right, but 2011 was a very different situation from right now.
Back then a bunch of millionaires buying up all the coins would have resulted in a new bubble. Now that market cap is that high (compared to the non existent demand) that doesn't happen anymore.


We can't use bitcoin past when price was crashing "but everything is alright because a new bubble is coming" forever...


Also, maybe BTC will survive long term, but that doesn't mean that its current price is not too high and that it won't crash...

c'mon all chinese know that it is the fault of the Gweilo

"Cherish life, walk away from bitcoin"

-Zhang Niannian ; Peoples Bank of China-

History often does not repeat itself. As humans we try to find patterns in everything to try to make sense of what is happening. These patterns are mostly nonsense (eg log graphs)

I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

Pain is just weakness leaving your portfolio.

Not comparable (the possible damage).

2014 =/= 2011

All these n00bs that don't remember 2011...

It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly.

You keep telling yourself that boy, you keep telling yourself that.

Stamp's orderbook has looked bullish for more than a week. Still we've been heading down. People cancel their buy orders all the time. It's just the nature of the game. When traders search their hearts, deep down inside they all know that there'll be cheaper coins to buy a week from now. And even cheaper coins, two weeks from now. Etcetera.
Everyone is losing faith in Bitcoin. This is a free market, and it's wonderful to watch how it unfolds, how supply is increasing while demand is decreasing, predictably and mechanically like clockwork.

ORLY?

Have you sold already?

Edit: It´s not too late 

I am starting to be absolutely POSITIVE that some people in this forum, especially in this thread, are government (and/or bank employees). They manipulate this thread, calling the crash "cheap coins", and so on, when they know exactly that NO MARKET CAN RAISE indefinitely.

So every crash, might be the last one. Every crash might be the end of the bitcoin, and the proof for this is that all of you see that after EVERY drop, price is raising back HARDER and HARDER (usually to a smaller value than it was before the crash started). Speculators, who are buying coins and then they sell immediately expecting a few dollars margin, are happy with this situation; governments and banks are very happy also, but people who see (or who have seen) Bitcoin as a new "era" or a long term investment will be totally screwed.

Another proof: remember how actively governments were fighting Bitcoin? Now they don't. You know why? Because they realized that it's absolutely no danger in it for their systems. They could bring down the price to absolute 0 with a few million of USD (or less) ANYTIME they want. Walls or no walls, people are already not buying Bitcoins, because it become clear for everybody that one of the crashes will not be followed by a next bubble: and then it's over.

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

The market looks like it doesn't need people "cheering" or talking about it to dump...

dear lord! stop the pain