Quote from: joeventura on November 04, 2014, 11:42:41 PM

Quote from: JayJuanGee on November 04, 2014, 08:14:37 PM

Quote from: Arriemoller on November 04, 2014, 08:05:12 PM

"What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions."

For every seller there is a buyer, you might as well say that everyone is buying.

I think JoeVentura has a valid point regarding the fact that if the BTC price is falling, then more coins are being offered for sale than there are coins being bought - and that is why the price is falling. On the other hand if there are more coins being bought than offered, then the price rises.

As you suggest, Arriemoller, in the end, that claim about dollar cost average selling may NOT be saying too much; however, I believe more importantly, is that JoeVentura got it wrong b/c dollar cost average selling would have been taking place as the price was rising... however, the price has been falling for nearly a year... so what we have NOW, or at least in the past 4 months or so, are continued attempts to force the price down by big cats and attempt to cause regular people to panic and to sell their coins.. and this dynamic is NOT about dollar cost average selling, like JoeVentura is so boldly and wrongly asserting.

force the price down by big cats and attempt to cause regular people to panic and to sell their coins.. << sorry not buying this.

Except it already happened when price hit 300. In a very short amount of time there were countless posts on reddit and forums about people who put their money savings of 5-10 000 USD when btc price was around 500-800 and to cite them :"must cash now I cannot fail my family by loosing more". The price then took a quick dip to 275 where it stopped.

BohemianStalker

Posts

Merits