I'm a bit surprised. Thought this hysteria must be unleashed from newcomers but looks like members with years of experience are on board. In the perspective of years this correction is nothing noteworthy. So why so hysteric?

Take your time. There's enough.

So it will be a bear trap or the start of capitulation. Hard to say.
But I would guess the second.

Yet again? As 1000 times before? ;-)

I think at least wall at Huobi must get filled. Today or later.

Oh, I think yes. And after that we'll bounce. Not sure if this bounce will be liberating her from the downtrend, but it could.

So could it be, that you are drawing what you wish and not what you would think without (devoutly) wishes? ;-)

And you think 550.00 is enough to shake out the (leveraged) longs? Maybe, but I doubt it.

Yes. I agree.

As financial giant you can try to trigger a bubble or a downtrend by influencing the crowd, but nothing more. And it's not that easy as there are other players, too.

And after all, why not? It's okay.

Or Dogecoin...

I really don't know which long term charts you are using, but my first really important long term Trendline is a lot lot lower. So we both can hope that your Trendline is stable.

To not to terrify, if your Trendline got broken you really should search on lower levels. I think a lot of people here are getting shaken because they have no plan B(earish) and to high expectations.

Buy low, sell high is not a plan, it's more the motto for the plan ;-)

But talking seriously - no matter where the bottom is, on 560 or a lot lower - people should mentally plan bearish cases, too.

Or they freak out on unexpected movements.

Good to hear this. The one I'm looking on is in the 300's (not horizontal - but rising trendline). The others are a bonus if they hold. I suppose that the bullish mania will stop before reaching those low levels, so I agree: I'm not seeing it getting that bad, too.

Low Volume Rally? :-)

That's true.

Is this a Coindesk News or Wall Street Journal?

Reading exaggerated  emotional ups and downs on each tiny swing can be exhaustive even for a reader. Imagine how exhaustive it'll be for the human, who experiences such emotional swings. It's not healthy.

So take your time, go outside, enjoy. I'll do the same ;-)

So true. It wasn't the china-crash, it was the fonzie-crash.

I really like and appreciate fonzies bear trolling skills, but I would really be appalled if there are people selling since they got trolled. Can't imagine that humans could be so &„+#~!

However. Fonzie was responsible for the ~800 to ~300 crash, so now he'll be the one who will leads us to +5000 ;-)

People asking for trading advises, should better use a fortune cookie.

So your fortune cookie:

She used her best make up and is dressed beautiful. Her headache has gone and she's whistling her favorite songs, but as she often suffers from migraine, situation can change quickly - to a really nasty and ugly diva.

I agree, crash into 400's or even lower is probable scenario. On the other side I can't bring myself to short as another probable scenario is, that there are very creative entities, interested in let the market looking weak.

Meanwhile I'm clueless, absolutely without any idea. Time will show...

I think it's related to this news:


Another flash in the pan?

Capitalism is a natural pyramid scheme and bitcoin is a capitalistic asset. I think you refer more to the "fraudulent" pyramid schemes, not?

What you are writing is correct but you are arguing in a sophistry manner, bitcoin is no pyramid scheme, regarding the typical fraudulent definitions. It's a semantic shift by mmitech, talking of pyramid scheme but meaning a pyramidical wealth distribution. Reading you, I get the impression that you are not silly (even as I would not agree with a lot of your quoted text) and you understood the regarding context. That the wealth of bitcoin is distributed as a pyramid - I think this is undoubtably. But as I said earlier, that is capitalism - not only bitcoin.

Agreed, as a pyramid is a very rough description for any wealth distribution.

What do you think is the difference to the stock market? For a rising value you need new buyers or existing investors accumulating more.

Higher demand != fraudulent pyramid scheme

But I agree so far, that a lot of people are trying to let Bitcoin look like a pyramid scheme (Price is always cheap, no matter what price you buy, there's only one direction: up, etc.)

Yes. Bitcoin is actually in a period of massive pump & dump, this rollercoaster is making me sick.

I would prefer a chart that looks like the surface of a neutron star.

This is more a philosophical question. You are both correct.

Worrying about price dumps on high risk investments is like trying to learn to swim in sharks territory.

A stable and constant growth is only possible in short to mid term times spaces. The fundamentals of the bitcoin economy can not handle this kind of growth. A strong bear market, going down to low 300's - possible. A stronger bear market , going down to 100's - possible. A stable and constant growth over several years - no.

.

Why so upset?

I studied economics (Volkswirtschaft). Well, I could tell you that I'm Julio Iglesias, too. But however. A stable and constant growth is not possible - just my point of view. No reason to freak out ;-)

I'm not saying that bitcoin will fail or is forced to fall back to the 100's. But it could. Being aware of the risks of a very, very young market let me see downward movements with composure. I doubt that bitcoin could growth in a harmonic way, since it's not the way in which young markets are growing.

Being an ecomist does not qualify me to make valid judgements about the bitcoin future. In some cases even high qualified economists fail to make valid conclusions regarding very young and volatile markets:

http://www.handelsblatt.com/unternehmen/banken/commerzbank-chefvolkswirt-bitcoins-haben-auf-dauer-keine-chance/9118802.html

No matter what you study, one thing is important: you have to read attentively to not to misunderstand and build up false conclusions on this.

I'm invested in Bitcoin, with a decent amount of money, beeing prepared to lose it in worst case scenarios. So I admit a lot of possibilities.

So potential for more downward movement is exhausted at all and the old mantra of: "There is only one direction: up" is starting again?

At least 440,00 - 400,00 now is very likely, maybe lower. I guess market will initiate a bull run, when most people (fore-)see it crashing throw former ATHs and this become-a-millionaire-in-21-days fever has cooled down.

Recognizing this false pattern in logic is why bear trolls are one step ahead bull trolls in the current market situation. Maybe you are very smart troll, who grasps when paradigm changes.

(I know, to fulfill your obligation as a bear troll you will response me, that paradigm will never change until we hit zero)

Oh, you changed the sides, again. Some funny times are coming. I like bear trolls more than the bull trolls. They are funny and quite amusing. The bull trolls are always very serious and sensible.

Is this Catherine the Great?

What does this ok mean exactly?

Yes, you misunderstood me. Don't be so negative thinking, a troll trauma is explicable but not healthy for discussions ;-)

I did not understand the meaning of your statement, so I would be very pleased if you could deepen it.

I don't think it's manipulation, to me it looks like normal market development, even I don't think that a fall in price to the area of 300 or high 200 would effect the future of Bitcoin in a dangerous manner. It is what it is: a very young and volatile market.

Of course there is a very blurry border where trust is broken so hard, that it would be become a threat to the whole system. But I would point this trust-at-all-destroying levels a lot lower (same like you - this no objective statement - only a personal estimate)

I'm too tired now for a deeper argumentation (if there is any, as it's very speculative) - so thank you for deepening and sharing your thoughts.

I call ~3400 tomorrow. After this sidewards (consolidation).

Let's see if I can become a guru ;-)

I don't like cheating ;-)

Therefore quite likely I'll never become a guru.

Just again? :-)

Downward momentum on these China Bans is lowering on each repeatition, so in a few month we could could reach a reversal where momentum turns upside on China Bans ;-)

No, no china bans. I understood it as a joke.

Ha, ha! Good one. But don't believe that there are a lot better economists outside. If I look there, it's more aristocracy than quality. So you should extend your comparison ;-)

Oh, Monkey is even more careful than my Maya doomster. He says 6 - 12 and he's a real merchant of doom.

Agreed. Keep things simple. It's nothing more than normal market development.

I think the initial kick, were caused by inpatient people which saw a new bubble forming, what has not happened, so they sold. Now the initial downward kick has become a negative dynamic building up a strong downtrend.

~10% to first mayor support zone.

I will not rule out your very bearish chart, but it does not look very technical. There are very strong support levels/trendlines to break, even a lot more stronger than the 440,00 support, so this is very a premature scenario. It's the contrarian extreme to delusional bull scenarios

Edit: Post deleted.

I think I should go out here. It's really turning heavy pathetic.

Ciao :-)

Legit.

Slow down please. I see myself as bull. Not this typical form of bull, where price must go up now, instantly without delay. But as a bull. I'm invested, I'm not selling, I've absolutely no panic.

55% of 640 is legit. Not a must be, but legit.

Read again please.

Let me guess? Game of Thrones? I never saw the series but the books are phenomenal.

That's a lot more than I thought. You started to buy all the way up to 1200?

By accident I heard about Bitcoin at the start of the November explosion. A bought the first small bunch at around ~400. Bought more on the first crash another time at around ~400 and on the third crash at around ~380. Between these mayor buys I bought a lot peanuts at all prices (except on the really high levels of +900), so my average price should be around ~450.

I did this, but only with not further mentionable amounts to buy ice cream for the kids ;-)

Yet again she's drunken and weaving. One more and she will trip over her own feet.

Agreed. Can't see their any significant support before ~440,00. If iI were not so tired, lethargic and lazy I would sell a bit and place an order on 450,00. But I'm really bone idle.

Mentioning the word "down" and implying "possible" or "understanding", disqualifies you to be a permabull. Sorry, you are a long term bull, not a permabull.

Well, I think this board (or this thread) is implying a very exaggerated impression of the market-reality. For sure, there are these extreme types of bulls and bears but at large the market is not black and white, there is a lot of grey and varying. Fortunately, as would not like to live in a world with only two extremes.

That's how I see it, too.

If manipulation is: Clever players making money with bullish overexcitement, then it's heavy manipulated. Agreed. Business as usual, on all markets, not only bitcoin.

Adam? Please, tell me you are joking! You bears? Who is this "you bears"? Is the market driven by a mystery interconnected "you bears"-force and this mystery force (with 1000 heads and one body) is posting here?

I better go out here for a while...

Thanks. This smiley is very valuable for me. 

Reading here I start to think: Bitcoin does not need any bears, having such bulls!  
Looks like despair is not far away.

I really have to chuckle a bit, as for false interpretation and short to to mid-term skepticism a was called a bear, but looks like being a bear is making strong holding your investment without fear and despair.

C'mon guys, what have you expected? That it would rise without times where the market will shake his participants hard, harder and a lot harder?

Your are venture capitalists! This no government bond.

Sweet troll, you are right! It could go to 200, it could go to 100, it could go even to 0. But one thing you are wrong.

If price will go up in the future, it could magically go up, (seemingly) without any reason, same as it's now falling (seemingly) without any reason.

I hope you will not be astonished. This thing could go lower as most people here expect to.

I putted a bucked with cold water in reach in case this crazy lady is going to outrage.

BTC-E seems to know what's going on, they keep cowered  

Both not. But speaking in perspective of the typical bitcoiner I would say: We are doomed  

Oh, seems like you are referring to the 1 minute chart. Watching it from this point of view I've no clue, could even go to the moon  

Sad! 

You as a bear is such entertainment. I hope for another season starting in the future ;-)

When it rains, it poors. It just started to rain.
If she goes into madness-mode (no matter to which side), she tends to mount a drama.

This bear agrees.

But it will need time. I guess 2014 will be a year of consolidation.

More likely a pullback to 538 - 555. There things will get interesting.

Oh, this pullback most likely would result in finding resistance and going down once again, so in this case your sellers won't disappoint you.

However,  it's nothing more than a long-shot guess.

Magic Walsoraj!

Until now it's a bounce in insignificant price territory, not worth any further attention.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

A dead bounce is a not sustainable recovery after a very sharp decline.



Bull and bear traps are all over the way:

Voices of reason. Good to have them here.

We can not go up, either down.

So how about building up some wall on 500 and after it's finished breaking it down and repeat it multiple times?  

I often heard this argumentation and it reminds me of my smallest child, 1,5 years old, using a bar of chocolate or toy blocks as a mobile phone.

Stability regarding your mentioned aspects is illusionary. Bitcoin can fake a matured market, but isn't a matured market. The market cap is a lot too small, and stability on ~500 is nothing more than a little rest before next volatile swing.

+1

That varies a lot. Today a read here a lot of analogies that worked in a popolism way.

No, it is not.

You try to compare a hard damage to your body & soul(rape) to a reduction of your financial wealth(tax). Following your analogy aggravated battery is the same as theft (*).

*remaining unanswered if tax is theft and trying to follow your understanding.

It's a hard analogy, calling tax as robbery but it has some valid points, if we suppose that the violence aspect needed to fulfill robbery is the government and the consequences of denying to pay.

Speaking of a tax-free society, how to manage society and all their problems? I read a lot about robbery, theft, rape but not how to do it better. You won't tell me that pure ultra-capitalism would make us a better world.

Shoot the weak?

That's what I thought, too. But further consequences would be higher crime, rebellion, robbery, theft, breach of the peace  

So someone must shoot them down to keep the system stabile when poor people forming legion. In Libertopia this likely would not be a government, but private security services (payed with bitcoin?)

I really don't like the world(system) we're living in, but until now I heard nothing to make it better, but even worse.

I can remember a lot of threads and comments on higher price levels where people were shouting "That's all you can do, bears (trolls)?" and a few days after there came a lot, lot more. So should I interpret your comment as a bearish indicator?

No, it's nearly meaningless who's shouting here, but I would wish to read more cautious statements, a wish that will never come true, as some people don't learn from the past and keep shouting.

It horrofies me reading such things after 9 months of bear market. Was it not enough to go down to 300? Must it go down to the ~100 to cool down this maniac? Or even lower? To levels where is no more hope left?

Please let this not be a mirror of the general market sentiment, or the real cataclysm has not even happened.

Both we know, that a bear is not something static. The bad and clever bear only had to sell his coins on ~1000 and bought back on ~400 to have 2,5x more coins (on only one swing).

Reading "bears never learn" after a long and hard bear/consolidation market makes me a bit afraid, that market participants are losing touch with reality.

No, I don't think we will fall to levels of oblivion and I hope we will build up a stable base between 400 - 600.


*sigh*

The mysterious thing is that a lot of your bears will be on board of your CCMF, if and when it comes. Quite likely they would be one reason (if not the reason) of your CCMF.

So you should treat them better.

You did.


Here we share the seats, regarding "delusion" as well as long term.

If a government wants some FUDsters they have better options than this poor guy making an impression of a broken spam bot algorithm. We can blame our governments but better not this way.

I could not say it better:

You can imagine someone paying for such low quality FUD. I can't. It's quite beyond my imagination.

This is one of the main reasons to prepare yourself (mentally) for strong bearish moves from the beginning of your investment and one reason (there are more) why I would never form part of the "to the moon" crowd.

Depreciate it! Bitcoin has just gone to 0,00$! You have lost all your money! There's nothing you can do more ;-)

Successful short term traders are rare. Not because it were extremely sophisticated, but it is an enormous psychic strain. You have to be born for this work.

I can trade with small amounts in short term, but to start trading just with a medium amount and I feel that I will die very young.

I estimate 95% would not be able to trade short term without becoming a mind wrack over time.

I know that there are people who can. If you are one of these, I congratulate.

It's not a prediction, it's a mental attitude. All my high risks investments are totally worthless.

Until I come to the point where I start recalculating the value, most times...

...to make it worthless for another round.

How about open a small "hedge fond"? You stay with 50% of profit from beating the market (for example).

No test, only a proposal.

It's that I experienced for myself not to be able to bear the stress. If you say, that you can handle it and you are successful beating the market (no reason to not to believe you) why not extend your talent? You could set a limit and start trading with peanut amounts to test it out.

I know that there are a lot more successful traders out there and maybe some of them are already trading with other peoples money and I know that it is something very different to trade with your money or the money of other people.

Think about it.

Maybe there will be more people interested. You set a limit: Max 1, 2, 3, 4, 5 BTC per Person, max total amount: 10, 20, 40, 60, 80, 100 BTC.

If you feel uncomfortable at all, no problem. As I said, only a proposal ;-)

She's looking cute and relaxed. Short term and momentum trading (with high amounts) let me look more like this:



 

Not exactly but similar.

No harm meant. I don't want to force you for some strategy. I read here, and sometimes I like to write my thoughts and get input from other people.

What you don't like or is meaningless for you, you can throw away. As with my high risk investments, same for my thoughts here - they are worthless from the beginning and I've no expectation. If they are result in something positive I'm happy. If they result in nothing, it's okay, too ;-)

Let's squeeze them! 

Of course it is a bear market. If you are supposing that some wealthy entities are enforcing intentionally the bear market - yes, very likely. But they can only do this as the demand is not strong enough. One other wealthy entity saying "Okay, fine. This price is more then a fair value, I will buy all coins offered for this price" bear market is done instantly. Why it did not happen yet? Are all big players (early adopters, institutional buyers, hedge fonds, VCs etc.) are forming a conspiracy? All of them?


Bitcoin is a hardcore market. Let the bear market, or in your term "manipulation market" do what it wants to do. You can sell, you can buy, you can hold, you can trade but one thing you better should prevent - to get effected by it.

I guessed as much, that this would happen - overexcited optimism switching to deep disappointment.

But that escalated quickly.  

That's nothing different from other things. People have their firm opinion about one thing and another thing. Inconsistency does not matter there. Most people are not open minded enough for thought provoking impulses.

btw. RSI divergence.

No. The small bullish one on the right. I estimate we get a small bounce back to 490 - 500.

Very rude language, often accompanied by circular reasoning and nearly all other kinds of (evil, but very clumsy) sophistry. The constant use of sophistry is nothing more than a perfidious form of trolling. Cynically, but also characteristically for (advanced) trolling, you are very, very fast accusing other people to troll.

/ignore

We should deepen our conversation about your maniac and your depressive periods, Mr. Wall Observer.

Bitstamp switched to full retard-mode:  

Sell all you can - don't care about other exchanges! Press "SELL" and run away...

I wager we bounce back to ~550 before resuming downtrend.

Looking interesting, nice momentum...but until now nothing had really happened. 480 - 500 is the first interesting resistance zone, all below is cheerleading a potential bull trap just for fun.

A better point is that 99% of all news are only good for momentum traders and they don't effect a mayor trend reversal. Is this one of the 1% news? We'll know it when entering the real resistances, and not by bouncing up in the lands of nowhere and nothing.

That's a rough description of a momentum trade based on news. But to be fair, this works also the opposite way with bad news in a strong uptrend.

Let it rise to ~485 and I will put attention on it, until then....yawn.

Uh! Momentum out of nothing. That could get really interesting this time....

This momentum was not so foreseeable as it was yesterday, so I give it a lot better chances now. 50%.

This was a buy of one or at least only a few entities. So only they can get trapped on the current price level.

I said nothing about moon or trains! Please don't put words in my mouth.

Even breaking 500 would mean nothing more than breaking a very short term bear trend, and has a lot of potential for a bigger bull trap.

Okay, sorry for misunderstanding. Friends again!  

That's a long way to go to 6xx. Meanwhile 475 - 485 is worth more attention  

Our troll juniors here have to learn a lot from fonzie, dump3er and keirinha. They are terrible and not amusing - more like a plague of fleas and ticks.

Why not? 

I saw this more as a warning and not a a logical consequence 

This meme effected me to laugh (one of very few).

Look at CampBX! There one bought the whole book, quite likely only with binary dollar (without counter value) but one did it

Maybe EW trading. If he speculates that we are currently only in a correction wave and downtrend will resume in a few days it's not a bad idea, to put such high walls right before the start of wave iii.

But I don't know if this is more than a wild guess. My knowledge about EWs is abolutely basic. Look here:

https://bitcointalk.org/index.php?topic=672187.msg8766949#msg8766949

You don't know how much more he/they have and want to sell on higher levels or on the (speculative) way back down.

Bearish divergences. Looks like it's topping.

Resuming our conversation about one does not simple buy the whole book.

Buy the whole book on kraken! It's not that large!  

For me it's totally uninteresting if there's acually some strange kind of bear raid ongoing, but people with that amount of wealth trading are normally not that dumb. Smart players know that they have to hide their shorts from the market, so if any question is valid you should better ask why someone is shorting so obviously? Is he trying to direct the market into a trap to the opposite position?

But I will not deepen such thinking cause ultimately we will get no answer. I stay with what I see: An overall very bearish picture. I admit that this could change quickly but at least for first small bullish signs that could occur we have to wait for the end of this consolidation what once again makes a rather bearish impression.

Yes, of course. You are right. This shorter could be an idiot. I only would not count on that he's an idiot  

Therefore I said: I better stay with what I can see and that's not so much  

This looks more like a suckers battle. Selling pressure is just as low as buying pressure. The real resistances are at higher levels and real support on lower levels.

A meaningless weekend battle  

Meanwhile consolidation on Stamp and Finex is not finished yet. You will all left behind when it skyrocks with a breakout upwards  

It was a semi-joke. Not a joke as consolidation in fact has not ended yet, but it looks quite bearish and nothing seems to indicate a breakuout upwards. ~400 is quite likely, ~300 also seems reasonable, and there is even potencial for a further capitulation.

I don't agree.

First let me explain the potencial capitulation aspect. It looks like that over the past years a lot of market participants have developted some very naive kind of market perspective, that implies we top out at some point and after that we have a bear market to 0.3 - 0.25 of the top only to repeat the same pattern until we reach 1,000,000$ and beyond. Now breaking below 340, could effect a cascade of Get-Rich-Quick Holders to unload their cold wallets and we could see a cascade of heavy selling waves forcing a capitulation.

This possible cataclysm has not has to materialize never, but it's far away from delusional bearish dreaming. If we now draw a mid sized cataclysm of a capitulation low to ~220 you really mean this would be the end of bitcoin? I say, no! I say the market only would liberate hisself from exaggerated expectation, and from people who mean they can calculate market movements by counting 1 + 1 = 2.

Regarding your point of new adopters: in this early stage of bitcoin they have no big impact to the markets. They market makers, the ruling traders etc. have an impact. New adopters are like flies smelling shit, they go away when there's nothing to earn, only to come back as a bigger crowd when weather is bettering.

As I said, capitulation has not to materialize, but if it does you should stop kinda thinking that many called permabulls here have. A lot of them  (not all - as there are of course some real believers) will sell and than quitle likely beeing trapped. Hold, sell now, buy now, do what you want but don't sell into a capitulation and don't believe capitulation would mean the end of bitcoin, it likely would mean the contrary.

 

I bet with you that it needs no reason. If there will be any so called reason I think it's only a coincide. People are calling reasons like Cyprus, China etc... at best it has been a small push and after that it's all kinda mass psychology.

If we were rising now people were shouting GABI and PayPal is the reason.

It's a wave, nothing more.

You can see these small pushes even now. PayPal effected strong upwards momentum, but it couldn't stop ongoing wave.

Once I read that bitcoin is the devils method to teach nerds economics. Some do, others not. Regarding that a bear raid is something that happens in other markets too (I can't recognize an ongoing bear raid, but this does not mean that there is no one) I find it a lot more troubling that a lot of people here still seriously mean that bears could run out of coins. That's a big lack in education about market behaviours. Likely these people (bears) will effect the last big selling wave  (Hell!  They are not running out of coins! I can't explain me that, but better I sell now until these bears make bitcoin worthless).

Was it not that nearly all people were shouting for cheap coins? Looks like they are coming.  

No, seriously no matter where it stops (now, 400, 300, 200 or even ~100) this is not the end, it's a big opportunity. Be happy! Really.

And that's exactly what derpinheimer said, and it's correct: With this kinda assumption you fuel capitulation, not a bubble.

That would be stupid. Better sell now or quick and set an stop loss for a upswing, for example ~490/520. Yet price is moving slowly, but if you sell into momentum you could get burned hard.

Or hold all the way till the bottom.

Is it possible for bitcoin price to trade below 400?

Why it should not be possible? 0,10$ is possible same as 100,000$ is possible. Stupid poll, or is it that I understand it wrong?

Nearly all prices are possible regarding the poll, even prices near 0$. You are talking about realistic prices, that's another thing.

Some of you guys are talking like it's just all written down in the books. Why don't you better say "I suppose it will increase again" and not "it will increase again". It makes the impression of lemmings jumping from the cliff...

I don't think this will happen yet. Looks like a small bounce is incoming.

You was talking with Tzupy, not? I don't care about this wall, but I see divergences indicating a bounce.

No. I don't think that this is the bottom. The bottom quite likely will be followed by heavy volume spikes and large divergences. This looks more like a small correction.

If it's better for you to believe in bear raid, ok. But in conclusion it makes no difference what the reason is.


Okay, now supposing it's all a big manipulation. What does it change, except feeling oneself more victim?

You don't want to answer me, hm? I give it one more try.

What's the difference for you between a bear raid (manipulation) and a bear market as a normal market behaviour? Don't you think it's getting a bit too melodramatic?

I asked, if it makes any further differnence for you to see it as a normal market behaviour or a bear raid, except the second lets you feel more as a victim.

But he's correct here. I really have no problem with bullish outlooks but sometimes it looks like people are not able to see the fact that meanwhile we are in a downtrend and it sounds absolutely delusional atm talking about a sustainable 450, where we are now 1 hour and it made a ridiculous bounce.

It seems to be impossible that "reasonable" people (not trolls) start to make reasonable comments, without delusion, conspiracies or starting a melodrama.

You are my hero! The world is not that stupid as I thought!  

Edit: And there has it gone, our sustainable 450.

Of course there is a chance. This would mean capitulation. But it has not to happen.

Hell, Muhammad as-Sahhaf! You made a meme with this clown. Even I get scared now.

Loook here:

https://www.tradingview.com/u/ZarNegar/#search-charts=BTCE:BTCUSD

That's his TA friend, an equal clown - nothing more than entertainment.

274.97$

That's it. Sometimes I wonder that people have no problem to assume and welcome 5000% price spikes but aren't capable to understand that this game has two sides. Now we are experiencing the other side. Maybe it will stop soon, but I give it a lot higher likelihood to go down further. I'm not sad about it. It will cool down the maniac, at least for a while and give good entry points for people - hopefully being aware of the risks.

Since there is no ammo at all, one keeps telling useless stuff.

The average joe never cared about bitcoin. Maybe in 10 years, maybe not but for now he has no impact. Maybe a few as a lemming crowd buying up the last leg up of a bubble or the last leg down of a capitulation. Meanwhile forget about the average joe.

Wow, lowest weekly RSI since 2012.

Hell! I better go and shoot myself. The world does not know any grace.

 

I surrender! Bitcoin's volatility is really nothing in comparision what one has to bear in this thread. I quit here, and will search a new, better home - Ryan's Log, Analysis never ends, Speculation Posting Guidelines or whatever. It's too heavy, my head! I need asparine or better some valium.

You can sell ripple on justcoin for example. Monero on Poloniex. On both exchanges it's very easy to register and trade. That reminds me that I still have some 5000 ripples, too.

https://justcoin.com

https://poloniex.com

What kind of business is that? Just curious. Only off-exchange trade or something more/other?

True.

It opens the door for momentum trades, nothing more. Downtrend will terminate byitself, without good or bad news. But quite unlikely yet.

You sound very cultish and there are also enough trolls on the bull side. How about a wager up to 25 BTC that we crash throw april low before 2015 if you feel so confident? Escrow, of course.

No? Take your time. My offer keeps even valid in case we bounce over 400. All the good news on your side...

I understand. It's okay, no wager.

To me it sounds a bit cultish but I may understand it wrong. In the longer run I'm bullish like you, but meanwhile I suppose that there is more down to come. We'll see.

We gamble for a beer (5$) without any escrow but act of honour, agreed?

If you would recognize that this trend is driven by technicals and all the positive news have no more value than making momentum-money with news-buyers, this downtrend is easy peasy to accept. I think a lot of people get scared since they can't understand. That market makers trying to enforce a capitulation, maybe, but meaningless.

It's a game, and if you lose your composure, you'll lose the game. Take it easier, it's not that they are selling your childrens or parents  

Until now it looks very promising. But if it is a bull trap (on this price level), I think there are very bloody times ahead.

Well, the connections between religion in the ancient egypt and our todays religions are obvious ;-)

You should read some of the stories about Osiris, Isis and Horus and it will remind you on some other stories  



Toth aka Djehouti is a deep myth, a lot of shitty esoteric around him.

What's very small minded is not the assumption of some intentionally enforced bear market* (bear raid or manipulation or whatever) but the absolute preposterous claim that it is always one guy mounting all the sell walls and executing all larger sell orders. At this point posters are starting to ridicule themselves.

*If if the bear raid exists, what does it mean? Is there any furhter difference to a normal market behaviour? Some difference how market participants are reacting or should react. For me as market observer it results exactly the same.
People need something to cry about? Is this the difference?

It's even not certain that a dollar collapse would necessarily boost Bitcoin. There are some assumptions and some hints, but it's not that certain as some people say.

I think we'll find a meanwhile bottom very soon, in not more than 7 days, quite likely earlier. But how it will develop after a bounce to 400, 500, 600 or even higher, that's another question. I don't think it will be finished with this downswing.

;-)

So tired of small, plain children's world.

I don't think it will go below 300 on this swing.

Normally these are the words before even bigger dumps are starting  

Well, I think on the next bigger bounce we'll find here a lot of dead bear pictures, though when it happens it's caused at most with money from bears who sold at ~680, buying the coins from bulls who had given up  

You should better not argue with people who obviously...ignore it. If not it could depresse you and that's the target.

+1

Pure freakshow.

Why? If we are talking about one dumper ruling all exchanges, executing all dumps, building up all sell walls, a discussion about God is not far.  

Oh come on, please! I would argue with you about market manipulation in a more sophisticated manner. But this one dumper theory is a waste of time. If there is some bear raid ongoing then there are a dozens of whales involved into the game, and it's not a one man show.

Looking at daily rsi I doubt, that it will go a lot lower. The 200s are for now very unlikely. Maybe after the next upswing 

I admit, I feel better that we did not bet for 25BTC. I would feel miserable to take away such amount from you. But I take my beer without remorse ;-)

Also this lets me test my new circle account:

1DWPQYzZKeBorz4ZHwdauNGQbDNZrg8he4

Germany. You  have sent me too much, we said 5,00$ ;-)

Thanks, I will enjoy me beer. But don't think if one day we bet for 25 BTC I'll send you 50 BTC if you win!  

 

Explain, please!  

Are the deposits on circle are holded in BTC or fiat?

My English is lacking, hm?

Another trial:

I hold BTC or Fiat on a circle Account? You know what I mean? I guess BTC, but want to be sure.

I don't want to trade, I only want to send a medium amount of Bitcoins to my Circle Account. It irritates me that there are coming up messages like "you received xxxx.xx $ and not xx BTC. So it's only a reference value in USD and in conclusion nothing more than another form of a Bitcoin wallet or are they converting BTC to USD on entrance (and therefore I hold USD)?

Oh god, I'm too heavy drunken. Better I stop making withdrawals.

Thanks.

You want a Tequila for this info? 

 

Chances for a bull run are very good. But if it will be a sustainable recovery...that's another thing.

Meanwhile I won't care now and better go to bed, good night you all bulls and bears  

Over monthes and monthes I was listening here that it were impossible to go so low and now we are there(and could even go lower). And now it's impossible to go to 10,000$ (in the long run)?  

People, please stop to exaggerate. Only cause it's breaking a former ATH and it never happened before it does not mean it is dying.

Why you are all so maniac depressive?

Sometimes our friend ShroomsKit is talking very reasonable  

Accumulation or not...no proof of it, so it is not more than a rumor.

A rumor?!

Buy, buy, buy!

Nope, better not. Direct market buying, invisible support and small to medium walls are a lot healthier for now.

I love this Wild West Market.  

Come on, let it go up, I want to buy a chunk of this wall. I will not buy lower!

Me.

We'll see. If the market comes near enough I'll buy from the wall. I don't think it's fake.

 

I guess he/they simple wants sell. Maybe speculated for a double bottom and failed. Now he wants to take the ~9,000,000 USD leave the game. I think: it's an offer, not bearish, not bullish, a simple offer.

It must not get bought by one or very few people. We saw this on smaller walls. Reaching the wall one starts to buy, other will follow.

Well, I agree that it could be some manipulation, only I see no reason to believe that for now. Let's wait and let us see what will happen  

It does not mean a lot. Could start to sell a part, move it down...next hours/days will show.

No. It's a very sophisticated trick. A lot of people (the most of them without head) can't follow such a genius trick.

Thank you very much  

An ask wall is a sell wall, I think you mean bid wall 

So surprise, surprise. As written before, wall is a simple sale. Players come in - players go out, nothing more, nothing less.

Suspicion for what? Why it should be suspicious to withdraw ~9 million from a bitcoin market sell?  

He fills the papers, pays the taxes (if there are some) and that's it.