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Originally Posted by Starbucks Spunk Bucket
http://www.ft.com/intl/cms/s/2/ee93b...#axzz3qd8mItjB
https://www.youtube.com/watch?v=mKIdZkuCcbs
hotlanta yall. stealing a bitcoin atm is pretty much the most world star thing ive ever seen.
Quote:
Originally Posted by sonatine
wait....does that machine dispense and/or receive in anything "physical"?
Nice bounce off $330. I'll give it that.Quote:
Originally Posted by RegGaymerCan someone give us cliffs why Bitcoin won't go higher than $600?Quote:
Originally Posted by Dan Druff
If it was going to outright flop and bust after the big downswing, then surely it wouldn't be stabilising and gradually increasing like it has been doing for months now.
$317 on coinbase
china on suicide watch
It's about to drop under $300.
itBit bought 5 blocks on auction today and have already lost $800k on that investment.
Well, "good" news for bitcoin enthusiasts.
After BTC falling to $295, some genius speculators "realized" that a lot of money can be made by buying it just after it slips under the psychological $300 barrier, pushing the price back up to $314 -- a mere 37% devaluation from its $499 peak last week.
I have officially joined the non-believers. Sonatine, Druff, you were right all along.
Still hasn't gone to $0. I'm not saying Bitcoin won't go to $200, or even $100, but the Big S and Druff are saying that Bitcoin should become worthless any time soon. And that prediction precludes that Bitcoin has no appreciable value for folks in more economically repressed countries as a means to circumvent the local laws. And last I heard, governments aren't so capable of completely quashing illegal activity.Quote:
Originally Posted by Starbucks Spunk Bucket
Big selling volume weighing BTc toward $300.
Feels oversold already. It's got work to do before we lose $300 imo.
$298.
Oh, the humanity
A big issue I see with Bitcoin is the lack of substantial Bitcoin derivatives markets. There's this forward market, but trading is thin, and the longest term forward is 4 weeks.Quote:
Originally Posted by Sanlmar
https://www.cryptofacilities.com
By comparison, forwards on EUR/USD are traded out as far as a year.
Lots of big buys got booked at 300, price popped to 302 and now its flatlining again before its inevitable deflation.
Well we had the dead cat bounce after the bubble. If I gave a shit, it woulda been a good trade.Quote:
Originally Posted by Sanlmar
If you look at the charts on bitcoinwisdom.com, or whatever you care to use, you will see a flag pattern forming in all time frames - say 2hr to daily. A narrowing or convergence in trading price range. Volume confirms too.
Eventually the price will break out one way or another. Sadly, this dog will break bad as a result of the context of the ugly multi year pattern & dead cat retracement. You want the Fibonacci numbers - I'll post that too.
All I care about is this thing maintaining some fucking stability through Monday on the off chance that I have any online cash left. I sure as shit don't want to receive Bitcoin in a downtrend.
Yup, $332 at time of my last post. Tumbled out of that flag pattern to $315 & recovered a bit to $322.
It's now broken for a while. We will see tonight.
Not even reliable for criminal activity.
I agree that this is a dead cat bounce.
I don't think it's sustainable at $325 or whatever.
The whole run-up from $225 has been artificial, even by bitcoin standards.
I think people are believing the $300+ level is the new normal, but I believe reality will set in soon enough.
Have you considered trying to profit from this bearish prediction by shorting forward contracts? This company apparently goes out as far as 4 weeks.Quote:
Originally Posted by Dan Druff
https://www.cryptofacilities.com/derivatives/signup