Hello, I am here from the future to tell you about the stabilization of the Bitcoin price.

You see, over the past 15 months we had the enormous pump followed buy the slow 14 month bear market.  Markets are price discovery mechanisms, and after overshooting first to the upside, and then to the downside, things have finally stabilized more and more.   Down to 150, up to 310, down to 210, up to 250, and so on, with smaller dumps and smaller pumps as the price discovery mechanism did its work.

Eventually we settled down at exactly $231.84.  You see, bitcoin has been exactly $231.84 for many months now.  The people who thought it would stabilize were right!  

This thread gets pretty boring a lot of the time, with no real posts happening for days on end.  
We still get those chart buddy posts (we have since started referring to him as 'spambuddy' or 'bumpbuddy' since he keeps the thread bumped).  It is hilarious to see the enormous buy wall and sell wall 1 cent above and below the price, and then nothing else.  There are several million coins worth of sell wall and buy wall across the exchanges, at 231.85 and 231.83.  All of the trades go through in the no mans land between them at 231.84.

Every once in a while, some idiot will buy up at 231.85.  We will all make fun of him for overpaying.  The permabulls will return and proclaim that it is finally happening, and the thread fills with trains and rockets for the 1 cent rise.  And sometimes someone will panic sell down at $231.83!  And then people think Bitcoin is about to die, and there are bears and crashed trains and explosions filling up the thread.   The bollinger bands look pretty funny whenever that happens!

But the smart ones on the thread keep a level head and understand that the true value of a Bitcoin is $231.84, and everything will return to normal soon.


Most of the time this thread it is just dead.  Some of us actually use Bitcoin as a currency now, because it is so stable.  Coinbase and Bitpay are pretty much the new Paypal, but only for the cooler, trendy people who are more tech savvy.  All of the idiots long since gave up on their dreams of getting rich quick, since Bitcoin doesn't move anymore, which makes the board a lot nicer.  People talk about technical stuff and cryptography again instead of price.


Enjoy the remaining weeks of price movement before the great stabilization!  Nowadays, new people wonder what it was like to be an early adopter of Bitcoin, back when the price went up and down!

Bitcoin is up $2.  Where are all the pictures of trains and rockets?

Buying a boat just might be the stupidest possible financial decision you could make.  

Buying Bitcoins at $1100 in Nove 2013 is a better decision.
Heck, giving your coins to cryptodouble.com mightve been a better decision.


If BTC eventually goes to your fantasy price, and you cash out and blow the money on a boat, you deserve to go broke again and spend the rest of your life in regret at how badly you wasted the opportunity.  

Just because the stupid rich people blow their money on boats doesn't mean you should too.

Dear Bears:
Stop failing at keeping BTC down. 
Please short like 50k more and hold it at 250ish for a while more.

I have a good chunk of money coming in a week or two and want to buy BTC.  It better still be in the 200s.

Good job bears, youre finally doing your job again.  Now knock it down at least $10 more and keep it there for a few days please.  I need to buy more.

What is this absurd poll, and how is the yes option winning.  
Knock off a zero and I'd vote 'maybe'.

Why would anyone bid that high above market?  You could buy 50k across several exchanges without driving it up 30%.  

Bears, please stop failing, hold it down for a few more days so I can get my new money in!
Short harder dangit!

Space 50k out over a week, over okcoin, huobi and bitfinex?  It would rise a lot, but probably not 30%.  Plus, you would get some coins near the current price before you drove it up that much.

The bears failed me during the past week.  Been waiting on money to transfer from stock accounts, finally finished this morning and now the price is over 280.  

Bought 24 btc this morning at 282, so I'm all in now (as much as I am willing to put into bitcoin that is).  Have no plans to sell these for years.

I'm not good at short term trading, itll probably tank now.

That sounds like a great piece of info for someone to reveal to the world on a bitcoin message board.

295 on Finex.
Where are all the pictures of trains?

Down 5 bucks, so we are crashing to 200 now right?

If you are going to buy alts, why not buy actual 2.0 coins with lots of features?

Any price under 400 is very cheap, and all the long term bulls who trade in and out trying to get more coins are playing with fire.  

So many amateur traders capitulated turned bearish in the late stages of this bear trend (or turned from buy-and-hodlers into in and out traders), and so many newbies opened their first ever short positions in the 200s, convinced that it would recoup their losses and help them end up with more coins.  

User adoption, merchant adoption, transaction volume, venture capital investment, and so on are all significantly higher now than they were 12-18 months ago when bitcoin was at this price or higher.  

Maybe this rally will not last, or the next one, but sooner or later one will, and it will leave behind everyone who learned to trade for a moderate gain and then wait for a dump.  And they will howl in desperation as they beg the universe to let the bitcoin price come back down to let them back in at a price where they won't regret their actions, but it will not come.


I AM HODLING.

The dump has come today, and shorts have covered a lot, but it looks like the reason why the price held up well is that longs leveraged up heavily.  It is worrying for the short term. 
I much prefer to see the shorts in the heavily overextended position.

Trolls were being paid to try to suppress the price until the auction for an auction bidder?  Now its done and he has his BTC so no more trolls?

Well played.

Thats not bad at all, the Euro has dropped WAY more.

What the heck, why are margin longs increasing and shorts decreasing on this drop?  I wouldve thought it would be the opposite.  

Why are some people so stupid.  Good, interesting, undervalued altcoin projects exist with interesting features. 

But they waste their money on paycon instead.

Bulls got wrecked again because they stupidly bought on margin AFTER we had been rallying for weeks.

This is the power of 130000 bitcoins getting stolen, which can then be dumped on the market...

CCMF?

Was it a bear trap?

Hmm, someone just grabbed an enormous amount of both long and short swaps.

...once it gets down to $3.