Topic: Why Bitcoin price is stagnating at 430-460$ price? (Read 2332 times)
It feels like it'll breakout soon. Who knows though I thought that a few weeks ago too
I would like to add: Fools look at the price. Traders look at volume along with various other stats.
It is not stagnating though it does look like that to morons.
It has been pulling itself out of bear into a bull mode. Take a look at the charts/indicators and you will see it move daily.
It has been pulling itself out of bear into a bull mode. Take a look at the charts/indicators and you will see it move daily.
China is attempt to launch an attack against BTC...
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
When the United States Airforce has to resort to this:
...kind of crap to fight Saddam Hussein you know that Saddam Hussein is winning!
It was not against saddam, it was against "terrorism". Did they kill terrorism? No. Did they rob us from freedom? Yes.
No, it's because people are afraid of the coming total price collapse in 45 days by expert Mark Thomas Williams:
http://professorbitcorn.com/
Best bet is to sell everything now.
http://professorbitcorn.com/
Best bet is to sell everything now.
later he'll say that by "1 share" he meant 1/100th of a Bitcon
No, it's because people are afraid of the coming total price collapse in 45 days by expert Mark Thomas Williams:
http://professorbitcorn.com/
Best bet is to sell everything now.
http://professorbitcorn.com/
Best bet is to sell everything now.
It's simple, we are stagnating because
- nobody is willing to buy above $460
- nobody is willing to sell below $430
But why people are willing to buy above $460 or sell below $430 is a good question...
- nobody is willing to buy above $460
- nobody is willing to sell below $430
But why people are willing to buy above $460 or sell below $430 is a good question...
China is attempt to launch an attack against BTC...
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
When the United States Airforce has to resort to this:
http://morallowground.com/wp-content/uploads/iraq-war-shock-and-awe.jpg
...kind of crap to fight Saddam Hussein you know that Saddam Hussein is winning!
It was not against saddam, it was against "terrorism". Did they kill terrorism? No. Did they rob us from freedom? Yes.
Let's get this straight. It was not against terrorism... it was for oil.
Stagnation, Bubble, Crash - whatever Bitcoin does it's negative.
Stability, Success, Correction - and all is well with world.
Stability, Success, Correction - and all is well with world.
This for sure resumes the outcome of bitcoin, either positively or negatively, and if there is a meaning to my question is to know if the balance is towards case one or case two right now
I think the fall of mount Gox caused a lot of investors to think twice about leaving large amounts of Bitcoin in online exchanges. So most (including myself) took the majority of their Bitcoins out of the exchange that they were in, and places them in a hot wallet or cold storage.
Therefore, there is less access to quick trading, and investors are holding off and waiting more than trading.
Also, I'm sure a lot of traders have limit buy orders in the low 400s and high 300s. So that price is hovering in the mid 400 range, and as it dips down it triggers these low 400 buy orders that keeps the price propped up.
Therefore, there is less access to quick trading, and investors are holding off and waiting more than trading.
Also, I'm sure a lot of traders have limit buy orders in the low 400s and high 300s. So that price is hovering in the mid 400 range, and as it dips down it triggers these low 400 buy orders that keeps the price propped up.
It was not against saddam, it was against "terrorism". Did they kill terrorism? No. Did they rob us from freedom? Yes.
Would that be the same terrorists that the CIA are funding into existence all over the world?
There is a war on to take away your freedom. 'Terrorists' are one of many phenomena used to justify the waging of it.
But that particular war was against Saddam Hussein (oil deals in EUR instead of USD!? Don't be such a silly boy Saddam!), who as most of us knew all along, and everyone knows by now, had absolutely nothing to do with Al Qaeda or terrorists. Infact, they were his political enemies.
Anyways...Bitcoin is stagnating at this price reason for one reason. Bulls aren't confident enough that it is going up in order to buy, and Bears aren't confident enough that it is going to go down in order to sell. The reasons for that I outlined above.
China is attempt to launch an attack against BTC...
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
When the United States Airforce has to resort to this:
...kind of crap to fight Saddam Hussein you know that Saddam Hussein is winning!
It was not against saddam, it was against "terrorism". Did they kill terrorism? No. Did they rob us from freedom? Yes.
Stagnation, Bubble, Crash - whatever Bitcoin does it's negative.
Stability, Success, Correction - and all is well with world.
Stability, Success, Correction - and all is well with world.
I think it would be nice to have data on volume traded per day in recent days, I'm looking for such a thing, but can't find a global index, maybe I'm looking in the wrong place, also while I take this with a grain of salt, this article present the chinese situation as being the opposite of what we know of https://bitcointalksearch.org/topic/the-richest-man-of-bitcoin-li-xiao-lai-chinese-government-is-most-friendly-611044
because the effects of China 6*10^23 bans, gox fiasco, malleability issues and other stuff are already priced, people accepted the loses and took already a position, and no more panic selling. Now the buyers and the sellers are facing each other, waiting for a move.
For me is far more provable a rise sooner or later, because of some good news that are adding momentum for a new rise somewhere in future
For me is far more provable a rise sooner or later, because of some good news that are adding momentum for a new rise somewhere in future
China is attempt to launch an attack against BTC...
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
When the United States Airforce has to resort to this:
...kind of crap to fight Saddam Hussein you know that Saddam Hussein is winning!
How many new coins of the 3600 a day are being sold on exchanges to pay for miners costs and how many are they holding? It would be nice to know how much fresh fiat per day is entering the bitcoin market to keep this $450 steady price. If every new coin was being sold that would be 1.6 million per day in fresh fiat injected in the market. I don't think its near that high though. Maybe 50% of new coins are being sold?
China is attempt to launch an attack against BTC...
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
YOU BET YOU ARSE BTC has big things coming.. big things. When China has to resort to this http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/ kind of crap to fight BTC you know BTC is winning.
It's becuase of a subject we don't even know about yet probably.
Since 90%+ of all Bitcoin trades are speculative, we can conclude that Bitcoin is speculator driven.
Right now, Bitcoin is coming to the apex/crossover point where an important resistance trendline meets a very significant support trendline. Speculators all want to see which way Bitcoin is going to go before committing to a position, and since everyone has the same idea, Bitcoin is stagnating in this increasingly narrowing range, but probably not for too much longer, and when it moves, it could do so with quite some ferocity, in whatever direction.
Right now, Bitcoin is coming to the apex/crossover point where an important resistance trendline meets a very significant support trendline. Speculators all want to see which way Bitcoin is going to go before committing to a position, and since everyone has the same idea, Bitcoin is stagnating in this increasingly narrowing range, but probably not for too much longer, and when it moves, it could do so with quite some ferocity, in whatever direction.
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