Quote from: Fatman3001 on November 01, 2014, 07:51:45 PM

Quote from: redsn0w on November 01, 2014, 06:10:59 PM

Quote from: Fatman3001 on November 01, 2014, 06:10:15 PM

Quote from: grappa_barricata on November 01, 2014, 05:52:26 PM

Quote from: Fatman3001 on November 01, 2014, 05:44:46 PM

But why would they decide to spend money on a long-term pump when they have the shorting bonanza of legends right now for free?

On the other hand, with all the VC money flowing into bitcoin why don´t any of these entrepreneurs do anything to stabilize the price of bitcoin? They sort of depend on bitcoin being an attractive proposition.

Just look at the pump from 300- to 400+, why they did that? Profit. You may think they are net buying during a pump but that is seldom the case. Regarding venture capitalists, most of them are rich kids that will lose all the money their dad has hard-earned during a lifetime. Some of them get lucky, once in a while, but that is all. Do not count on them stabilizing the price.

And now we are back to ≈$300 and peering into the abyss. What could result in bitcoin not plummeting every time it climbs a bit? I understand speculators manipulate the market quite fiercely, but a pump without some new influence on the fundamentals would have to be a bubble, even if it´s from $10 to $100. What would make anyone here honestly believe we where heading up?

We need some news , good news . Paypal is one of them Wink

.

But Paypal is here, it didn´t help. I thought it would. But it didn´t. That´s what makes me worried. If it behaved like a share it should have gone consistently up after such an announcement. If it behaved like a currency it certainly shouldn´t plummit like it does now. If someone wanted to make money it would surely be worthwhile to pump that news to heaven and back, but it just plummited. I would imagine an adoption wave would make XBT prices rise, but who would adopt a digital currency that halves in value in a matter of days. This is not a rhetorical question, I want to know!

Degenerate gamblers?

.... Grin