Quote from: falllling on August 30, 2014, 11:25:33 AM

Bitcoin price recently has tried more than three times to break out but all failed, this showing the general market think bitcoin is over-price & over-value & should go down

If we don't go up soon then some big dumps can be expected, just like the last long sideways which crashed after failed to touch $620
This time bitcoin is going to flash crash down to $1xx - $2xx, however back up again is possible in the long term (may be 2016-2017)

Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new

Let's talk straight:
Bitcoin has tried it's best to break out but all failed, people are getting out and no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco,
The market is currently only a playground for gamblers and fanatics

Bitcoin is just like a ponzie pyramid schame today, your fund invested in bitcoin are vanishing because early adopters / merchants are selling / spending / cashing out them very hard (you saw all those " xxx accepted bitcoin" news, most bitcoins accepted are sold right away means your fund has been transferred to the merchants, Convert fiat to bitcoin -> use bitcoin to pay merchant -> merchant convert bitcoin back to fiat), they must thank you for your free money to buy: Luxury House/Yacht/Jet/Cash/etc, just like Charles Ponzi's old happy day, so wonderful

Only who bought lower than you will sell/use the coins, same as you want more people to buy the price higher than your bought price so you can grab their money and get rich just like a ponzie schame.
The question is people are getting out, no one is buying your coins, what you left at the end are worthless digital numbers but at least you had have fed many exchangers + payment service providers with "fees"

Anti-FUD translator... : 800-1200$ in December

Thx, let me buy more BTC

bitluryz

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