In your dreams.. We won't go back up that much till the next dump , followed by another dump... and so on The guys doing this love this area (probably fits their funding) and won't risk losing control over the market
Most people want to get rid of their bag now, as the price decline is demonstrating. The music stopped about a year ago; the time to sell was back then, but it's not too late. Better $220 than $0.
I dont think well go to below $ 170 , even if it can go , it cant stay there for a week and will back to $ 200.
Plenty of people said a few months ago that 'even if we go below $275, we'll be back to 300 in no time."
Wake up.
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Expectations built into the price
by
Warren Buffett
on 14/04/2015, 06:41:08 UTC
I noticed that the price was going down today, so I googled 'bitcoin speculation' to go on this forum to read people's opinions. Then I saw this and actually loled irl:
This is the kind of deranged hopes and dreams that are built into the current price. It makes me think that the worst of this bear market is yet to come.
Just making the obvious point that unless it was you market selling 20,000 coins last week, which I assume it is not, then you have no idea which direction the price will move, let alone the nature of the future market movements.
That applies to you as well, but that doesn't stop you from making price predictions.
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Re: I have USD 2000 to invest. Should I buy Bitcoins or gold?
Wowie. This is a big thread. I have a question or two. I see there are thousands of alternate block chains cluttering cyberspace, so what's so special about Bitcoin and why should I support it instead of the others?
"Because of the infraestructure that btc already has"
Boy, what a compelling argument. I guess we can throw all of technical analysis into the trash, seeing as how the present is never at any point of the past.
Yes, we can, and we should.
"I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer" - Warren Buffett
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Re: rpietila Wall Observer - the Quality TA Thread ;)
(...) About 0.2% of the bitcoin existing is dumped in the exchanges, making the price go down. The magnitude of the move is such that in my opinion, the most feasible scenario is that a large OTC deal has been pegged to the future price in the exchanges, and the buyer (having lots of BTC already), has an incentive to cause the price to go down by outright sales, and also strategic dumping with the exception to buy back lower. (...)
The most feasible scenario is that people are starting to realize that a 7 TPS internet funny money pushed by scammers has zero chances of going global, which is what is necessary to sustain this price: the belief that that it will compete with the big boys ($, , etc) some day.
This is what you get with unregulated markets. It has nothing to do with Bitcoin. If the stock markets were unregulated like this, it would destroy our civilization.
No, no, no. Don't blame this on "unregulated markets". The fact that it's unregulated is not the source of this turmoil.
You're losing money because you put money into something that did not deserve it. This thing is not worth $200, and the market is just figuring it out.
History books will teach that after the dotcom bubble of the late 1990s, there was an even more irrational bubble: the crypto bubble, where people threw millions of dollar at hundreds of scamcoins, with btc at its head.
Ripple will be the Microsoft of this bubble, the one true winner.