Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26058. (Read 26611302 times)

Let's hope for a bigger dip 

Alien AI probe traders took over BTC-e!!!  

Bitcoin will continue the downtrend, according to a research note by finance giant Citi. The two main factors that the Bank blames for the price going down are miners and merchants. Citi estimates that mining adds around 3,500 new bitcoins ($1.75 million) every day. Because of the ever increasing difficulty of mining, the majority of these coins are quickly liquidated on the market to cover electricity, cooling and other costs.

”If the miners are a steady source of supply and there is no increase in final demand, we have this overhang of bitcoin being sold in the market. In consequence, we have downward price pressures.”

Citi also thinks that the large merchants that have recently adopted bitcoin (DELL, DISH) will be a net negative for the cryptocurrency. Due to regulatory and accounting rules, these corporations can’t hold the bitcoins they receive, even if they wanted to do so. They have to sell them as soon as possible to avoid taking on ”speculative risk”, thus contributing to lower prices.

FUD,FUD and FUD...

It's weekend the price is always low on weekends... The price will go up tomorrow,until then buy cheap coins and HODL!  

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

any reasons for the drop?

What a mess, Chartbuddy. A real mess.

Explanation

We have a market exaggeration downwards and one symptom is lack of demand. Its about psychology now. The fundamentals keep growing stronger every day.

Good eye, Falllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll lllllllllllling!

I will admit that my prediction was wwww... ..www....wwww....www...rrrong...   


Maybe we will be lucky and be back to $500 tomorrow... WTF do I know?

I've always suspected price manipulation to meet large dark pool orders. Larger orders = larger commissions.

Absolutely no reason? How about the lack of demand? The hodlers are doing their job, but there has to be real demand on the exchanges to market buy the price up. We've seen no sign of such demand in months now.

If this lack of demand were due purely to investors not wanting to deal with exchanges, that would be one thing. But SecondMarket doesn't give me hope of huge off-exchange demand, and more merchant adoption continues to keep additional sell pressure in the picture.

I never had considered that I was insecure, but I suppose it could be possible that someone could come to that conclusion base on their reading of some of my posts or maybe by reading my whole history of posts.  Generally, I do NOT read back through my posts, unless one or another of my posts is brought to my attention. 


 

I did NOT come to the conclusion that I was taking pot shots at you, but some of your posts sparked various discussion points.







I am NOT competing against anyone regarding my average buy in price; however, I frequently bring up various personal details related to my BTC investments for a point of reference... or even to further discuss with anyone who may be interested in that topic or those kinds of focal points.  As you may have noticed, different posters in this thread have different posting styles and different things that they like to reference in their posts.







In most cases, I respond to posts in the order in which I read them, and to my knowledge, I have NOT deviated from that practice in respect to your posts.  I also attempted to respond to your post in which you stated that you take 1,000% responsibility for your BTC investment, whatever that means.. Actually to me, upon further reflection taking 1000% responsibility seem to mean that you are very emotional and tend to exaggerate, but what do I know?

There is absolutely no reason why bitcoin shouldnt be at 1k already unless the overcompensation in this irrational bear market.

It's gotta be ˙ɹſ ʎllıM   

People don't need to read all your posts, just the last one is enough, the rest is just the same bullshit.
The only thing you have pointed out, is that you have some serious problems, not bitcoin.
Nobody thinks you are always right, quite the opposite.
If you keep adjusting what you say and changing your thread titles, it's not hard to be right sometimes.

Explanation

That seems perfectly reasonable if the goal is to manipulate the price downward.

That receipt of smaller returns is definitely the downside of DCA, but it works fairly well in a down trending market, so long as the market goes up later.  DCA doesn't work as well in an up trending market, but could still work well b/c it lends piece of mind to investors who are somewhat risk averse and are disinclined towards overextending themselves.

But Bitcoin will reach 100,000 $ in 2 years!