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Surely you jest! look BTC is going nowhere if you keep lying to yourself. These issues are major points that need adressed.
Lets get real here.
do you have any idea how comforting it is to not have funds or btc in the gox?
very.
I know exactly where funds are now and know they are insured.
my guess is there will be a "bank run" on gox at some point, if not already happening.
very.
I know exactly where funds are now and know they are insured.
my guess is there will be a "bank run" on gox at some point, if not already happening.
.. is bitcoin broken ?
Psychologically its very sick at the moment....question is....is it terminal?
Hi
How many threads have you created saying the same thing? A broken clock is right twice a day.
Bitcoin is going nowhere and the value will rebound nicely. Perhaps I will create ten threads advocating this idea like you have.
Hi
That would only make sense if I was saying a different thing each time...
I have always said it was going down and I was always correct.
Considering there are only two options, up or down, you obviously always have a 50% chance of being right.
super simplistic dysfunctional market view. seems youre leaving out about 500+ variables that play into market psychology and dynamics.
I think you will admit that thieves, hacks, incompetance has some bearing on this market, its not a two sided die, its weighted.
I and several others predicted that this was going to happen:
Thoughts?
- The SRA's (i.e. the folks who found out about and bought into Bitcoin in June as a result of the Silk Road Articles) are getting bored with Bitcoin.
- The SRA's would have cashed out a few weeks ago if it wasn't for the MGH (the Mount Gox hack) which had them licking their chops at the thought of a possible "reset" of the market which would allow them buy in at pre-June prices.
- As that didn't happen, the SRA's boredom and inability to make profits on large margins because of the relatively stable $17 price since the MGH is no finally resulting in a slow but steady cash out.
- The price is now dropping to the point where even the faithful are losing their nerve and cashing out
- Bitcoin will continue to drop, with possible plateuas at $10 and then steadily drop from there to around $3 or $4
Thoughts?
will not stick at $10, thats not how it works, sorry.
Seeing as so far I'm 100% correct, here's another lovely prediction from yours truely.
~1 month after we hit the $10 mark, the big mining ops are going to scale back, sell hardware, recoup costs. If they already paid off their hardware or are in the green then they are still going to be happy bunnies making a profit.
As they leave and the difficulty lowers, it will be more attractive to mine again. I say attractive, but I don't mean that as in to make a profit, I mean that you will be able to get a lot of coins again, they just wont be worth much.
I give it 6 months till something that's copied the Bitcoin concept and improved upon it comes along. Almost everybody left will jump ship to that. The marketplace forum will flood with people wanting to buy the new currency for BTC. The whole process then starts again with the new currency, though hopefully the improvements will make it more of a success story.
~1 month after we hit the $10 mark, the big mining ops are going to scale back, sell hardware, recoup costs. If they already paid off their hardware or are in the green then they are still going to be happy bunnies making a profit.
As they leave and the difficulty lowers, it will be more attractive to mine again. I say attractive, but I don't mean that as in to make a profit, I mean that you will be able to get a lot of coins again, they just wont be worth much.
I give it 6 months till something that's copied the Bitcoin concept and improved upon it comes along. Almost everybody left will jump ship to that. The marketplace forum will flood with people wanting to buy the new currency for BTC. The whole process then starts again with the new currency, though hopefully the improvements will make it more of a success story.
Lardy, Imagination helps see the future. Glad yours is intact. There are two types of people, those that can see what doesnt exist, then those that can only see what is, nothing outside of that. 90% are of the second type. Herein lies the failure of humanity, but also the benefit for the other 10%.
If this 13.50 price level doesnt hold, its going to 8.10 before it sees any support.
you read it here first, now watch the show.
you read it here first, now watch the show.
I think it would find support around $10. There is a lot of psychological support for any single digit number. If $10 breaks, I think it is a free fall. maybe all the way < $5.
On the other hand, I think it would only take a small rally to see $17 again.
probably a little bounce there....