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Topic: We're on the knifes edge (Read 3527 times)

sr. member
Activity: 432
Merit: 250
September 02, 2015, 10:01:52 AM
#44
US government already imposed tax regulations for bitcoin back in early 2014...

Thanks for the info ... I am talking about why and how the government will stop Bitcoin.

I know...I'm not sure what country you are talking about (if any in particular), but my point is that at least, so far, the US government just wants to regulate it and get their cut.
hero member
Activity: 784
Merit: 1000
September 02, 2015, 09:56:39 AM
#43
US government already imposed tax regulations for bitcoin back in early 2014...

Thanks for the info ... I am talking about why and how the government will stop Bitcoin.
sr. member
Activity: 432
Merit: 250
September 02, 2015, 09:48:51 AM
#42
US government already imposed tax regulations for bitcoin back in early 2014...
hero member
Activity: 784
Merit: 1000
September 02, 2015, 09:30:26 AM
#41
The truth is, Killing bitcoin would be the best thing ever hapened.

Because when governments killed bitcoin, it will come again; bigger/longer/uncut/stronger/faster/better.

I hope you are right, and as history indicates governments eventually retreat you could be right, it would be wonderful because that means that at end of that process our governments will be more democratic and less totalitarian, but there are few issues with your optimism. The first one is that the current shape and demographics of Bitcoin doesn't really justify such optimism about a strong come back. Currently Bitcoin is dominated by Chinese and you shouldn't expect from the traditionally loyal East Asians citizens to stand up to totalitarian oppression. Try it, go ahead and criticize a fucking communist leader or the fucking undemocratic Chinese political system front of a Chinese and you will see the reaction: your audience will be offended how dare you are to criticise their communist dear leaders. Those Chinese Bitcoin supporters will never challenge the authority of government. They take advantage of the system, as usual use this western innovation but don't expect the Chinese will save Bitcoin. If it happens what you predict - and again, I hope it will eventually happen - then that will be driven from the west, but the issue is that Bitcoin in the west struggles to gain popularity, so it will be a long-long process. Also, the west is not in a lot better shape at all than Asian societies (terms of resistance to the government), but at least here we have some traditions of standing up for human rights and democracy which could be the base for the resistance about Bitcoin.
 
legendary
Activity: 3276
Merit: 2442
September 02, 2015, 08:51:45 AM
#40
The truth is, Killing bitcoin would be the best thing ever hapened.

Because when governments killed bitcoin, it will come again; bigger/longer/uncut/stronger/faster/better.
hero member
Activity: 784
Merit: 1000
September 02, 2015, 08:26:19 AM
#39
Not likely to go much lower. Very strong resistance at $200. You could hope for $150 at the VERY best.

yeah, for a while I was thinking double digits was possible, but I was unaware about the miner "break even" point being arund $180.  Makes me think we can bounce back down there, but then quickly bounce back up to this range of $220-$230

Exactly, and even if we touch $150, it'll boomerang back up right away. Nothing to worry about. The only thing that could destroy BTC is if a technical flaw was discovered that couldn't be fixed.

Since there is no underlying major design flaw in Bitcoin nor such thing as software bug that cannot be fixed, the only thing can destroy Bitcoin is the government and I think they will destroy it once it is getting popular and start interrupting the tax collection, which will be soon, when the only source of money for government will be the tax revenue.

The governments that has taken the surveillance of citizens to extreme level already will simply not allow that a digital currency will be channelling untaxed money. Right now, with the few million $ per day volume Bitcoin is so insignificant in macro economic terms that it simply does not worth any work from the governments, but once it will be popular (which will be once the sovereign debt crisis unfold and the bond market collapse) then the governments will act.
hero member
Activity: 546
Merit: 500
September 02, 2015, 08:20:59 AM
#38
Are we still on the knife's edge? If not, please let this thread die...

No ... We are at the end ... Bitcoin is done
sr. member
Activity: 432
Merit: 250
September 02, 2015, 07:56:55 AM
#37
I wonder if we break $200, it could be another long fall from there.  Or, if some strong buying happens, we could be in for a run up.  I feel like we're right on the edge and could go wither way.

No ... we are not on the edge of knife ............ there is not any hard buying anymore ....... we are in a Downhill ..........

I've seen your posts, they are beyond bearish.  I think we are back to a flatline, not downhill

There is buying going though, just a week ago we were down to the $210 range, now were back at $230.  There is buy support, just not enough to support going back to $250

I find it more probable that this is just a dead cat bounce , than it is solid buy support. I still think we're sooner to see ~170-180 price range than to bounce back to >250.
I could be wrong tho, but this seams to me like build up of fake support to fool the buyers, before releasing an another dump. Many will disagree , but i strongly believe the
market is still manipulated.

I don't doubt it at all that the market it still heavily manipulated...very easy for whales to do with all of the bitcoin xt fud and bitfinex issues. However, I do believe as the user base keeps growing and we approach the halving, etc etc etc, 4 more years of all this, another halving...we're gonna see the price pushed upwards significantly. Sure, I think we'll still see manipulation during all of this, but the price fluctuations will be at higher levels, so I wouldn't really worry about it.
hero member
Activity: 584
Merit: 500
September 01, 2015, 06:32:45 PM
#36
I wonder if we break $200, it could be another long fall from there.  Or, if some strong buying happens, we could be in for a run up.  I feel like we're right on the edge and could go wither way.

No ... we are not on the edge of knife ............ there is not any hard buying anymore ....... we are in a Downhill ..........

I've seen your posts, they are beyond bearish.  I think we are back to a flatline, not downhill

There is buying going though, just a week ago we were down to the $210 range, now were back at $230.  There is buy support, just not enough to support going back to $250

I find it more probable that this is just a dead cat bounce , than it is solid buy support. I still think we're sooner to see ~170-180 price range than to bounce back to >250.
I could be wrong tho, but this seams to me like build up of fake support to fool the buyers, before releasing an another dump. Many will disagree , but i strongly believe the
market is still manipulated.
legendary
Activity: 896
Merit: 1000
September 01, 2015, 05:58:49 PM
#35
Are we still on the knife's edge? If not, please let this thread die...

We never were bro.

every one sees it in a different way. for one it may look like bitcoin is going to fall real hard, and for the other nothing has changed.
sr. member
Activity: 432
Merit: 250
September 01, 2015, 08:28:48 AM
#34
Are we still on the knife's edge? If not, please let this thread die...

We never were bro.
legendary
Activity: 1036
Merit: 1000
August 31, 2015, 11:10:08 PM
#33
Are we still on the knife's edge? If not, please let this thread die...
sr. member
Activity: 252
Merit: 250
August 31, 2015, 10:22:50 PM
#32
When we crash below 200 and stay there, that will be downhill. Not a 20 dollar fluctuation. Smh.

I think the trend started awhile back but recovered so its hard to tell.

I dont check the price like every day, but if I see it around same price each week its taking time to decline for the 200 mark.
hero member
Activity: 826
Merit: 1000
August 31, 2015, 06:40:38 PM
#31
I for one am really uneasy about the price right now, I feel like its a good buy opportunity, the best buy opportunity in a while actually, but at the same time I'm not sure there is enough buy support to even hold $200.  I wonder if we break $200, it could be another long fall from there.  Or, if some strong buying happens, we could be in for a run up.  I feel like we're right on the edge and could go wither way.

So why would now be a good buy, and what reasons (actual reasons, not just "because were going to the moon") are there for the price to stabilize and continue upward?

Attention !!! There are thoughts that the price will go more down. See with yourself if maybe it will be better to wait a little more because maybe you will arrive a better price.

Is this based on the bitcoin split and people murming about bitx and how users will force to use the new wallet?

Or more on the whole how the bitcoin halving..
legendary
Activity: 1456
Merit: 1002
August 31, 2015, 04:50:59 PM
#30
When we crash below 200 and stay there, that will be downhill. Not a 20 dollar fluctuation. Smh.

I dont get how thats a crash, wouldnt the crash imply that the value is worth nothing pretty much $1 or zero value.

If its $200 it just means that people arent willing to sell off since we all holding it to percieve value.
sr. member
Activity: 432
Merit: 250
August 31, 2015, 01:38:56 PM
#29
When we crash below 200 and stay there, that will be downhill. Not a 20 dollar fluctuation. Smh.
hero member
Activity: 560
Merit: 500
August 31, 2015, 10:40:02 AM
#28
I wonder if we break $200, it could be another long fall from there.  Or, if some strong buying happens, we could be in for a run up.  I feel like we're right on the edge and could go wither way.

No ... we are not on the edge of knife ............ there is not any hard buying anymore ....... we are in a Downhill ..........

I've seen your posts, they are beyond bearish.  I think we are back to a flatline, not downhill

There is buying going though, just a week ago we were down to the $210 range, now were back at $230.  There is buy support, just not enough to support going back to $250
hero member
Activity: 546
Merit: 500
August 31, 2015, 09:58:25 AM
#27
 I wonder if we break $200, it could be another long fall from there.  Or, if some strong buying happens, we could be in for a run up.  I feel like we're right on the edge and could go wither way.

No ... we are not on the edge of knife ............ there is not any hard buying anymore ....... we are in a Downhill ..........
hero member
Activity: 994
Merit: 1000
August 31, 2015, 09:04:51 AM
#26
Not likely to go much lower. Very strong resistance at $200. You could hope for $150 at the VERY best.

yeah, for a while I was thinking double digits was possible, but I was unaware about the miner "break even" point being arund $180.  Makes me think we can bounce back down there, but then quickly bounce back up to this range of $220-$230

Exactly, and even if we touch $150, it'll boomerang back up right away. Nothing to worry about. The only thing that could destroy BTC is if a technical flaw was discovered that couldn't be fixed.

history being a proof of the words I speak, there is no technical flaw which cannot be fixed. Either it could be a challenge and the people who were designated responsibility of the project could turn to total kids and debate, go against the very fundamentals and create a new application which is a direct competition to the program, disrupting its core ideology. yeah, btc xt users can even be tracked so good luck to everybody jumping from core, good luck with that.
sr. member
Activity: 432
Merit: 250
August 28, 2015, 07:50:49 PM
#25
Not likely to go much lower. Very strong resistance at $200. You could hope for $150 at the VERY best.

yeah, for a while I was thinking double digits was possible, but I was unaware about the miner "break even" point being arund $180.  Makes me think we can bounce back down there, but then quickly bounce back up to this range of $220-$230

Exactly, and even if we touch $150, it'll boomerang back up right away. Nothing to worry about. The only thing that could destroy BTC is if a technical flaw was discovered that couldn't be fixed.
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