Quote from: Amph on February 06, 2016, 03:21:04 PM

Quote from: MatTheCat on February 06, 2016, 09:43:16 AM

Quote from: lrdeoliveira on February 06, 2016, 09:39:52 AM

are you dumping ? i think this is good for all of us that want to buy some coins, please sell more! Grin

Already have dumped...

My Stop Order was triggered down at $366 as I slept. Couldn't believe my eyes when I woke up and seen what the market had done.

Next BTC move will be to take BTC off exchanges, on to LocalBitcoins, where I shall sell to bunch of junkies and paedophiles (only people who actually need to use BTC) for a minimal premium and finally get cashed out into GBP.

don't cry later when we break the 500 mark, it's good to play with the market on the small correctino between the range that are there for being manipulated to death, but in the end bitcoin will increase it's a matter of time

and we have already seen it, plenty of time, talking about the average increase here not useless p&d

A matter of time until the next manufactured pump?

Perhaps.

But that is all it will be.

As Crypto goes, there are already technically better alternatives out there (ETH), and there is already an alternative which banks are turning to utilising for clearing pruposes (XRP), and they are doing this without really affecting the value of XRP in any conspicuous way.

What Bitcoin is, is a relatively liquid market for a piece of transferrable computer code, that thusfar, cannot be 'faked' or reproduced by a hacker. That makes a good way to move funds around between parties who don't have better alternatives to hand, and also who have access to modern banking, in order to get the BTC converted into a currency that they can actually use. So as things stand, Bitcoin pretty much offers good utility for drug dealers, paedophiles, small time money launderers, 'political subversives' and others who may need to circumnavigate banking system to move funds around undetected and/or to circumnavigate capital controls.

Bitcoin network has grown to require a galactical amount of computational power, and which is very expensive to run, and despite this, or perhaps because of this, transactions time are far too slow for the digital age. I have waited 3 hours on a transaction to go through just recently, and all the while the convertible value of what I have transferred is bucking around like crazy all over the shop. Also, BTC market is cornered by a small cabal of people who simply see Bitcoin as a good cash cow. In the lack of a real fundamental reason for investors to move into Bitcoin, 'they' will eventually milk that cash cow to death. But with the severe limitations in what Bitcoin itself can offer (the banks will take advantage of block chain technology whilst totally circumnavigating Bitcoin), the only viable 'fundamental' that could cause Bitcoin to rise other than yet another manufactured pump, would be holders of capital piling into Bitcoin in order to circumnavigate capital controls. Most likely suspect for this would be China......and if it does play out this way, then the pump will last until the Chinese government block the leak and outright ban Bitcoin, which would lead to yet another almighty fucking dump.

Bitcoin will give a relative minority of shrewd investors the chance to make a good bit of profit yet, but the majority of those who put their faith in Bitcoin will get their fingers burned. Bitcoin aint going to be 'it'. It's days are numbered, which isn't surprising as afterall, it was the very first of its kind. A prototype, with many flaws that needed identified and ironed out.