BALLIN'!!
Online version:Originally Posted by Starbucks Spunk Bucket
http://www.ft.com/intl/cms/s/2/ee93b...#axzz3qd8mItjB
_____________________________________________
hotlanta yall. stealing a bitcoin atm is pretty much the most world star thing ive ever seen.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
wait....does that machine dispense and/or receive in anything "physical"?
Nice bounce off $330. I'll give it that.Can someone give us cliffs why Bitcoin won't go higher than $600?
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
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
It's about to drop under $300.
itBit bought 5 blocks on auction today and have already lost $800k on that investment.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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.
BALLIN'!!
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.
Last edited by MumblesBadly; 11-11-2015 at 02:28 PM. Reason: Correction in bold
_____________________________________________
Big selling volume weighing BTc toward $300.
Feels oversold already. It's got work to do before we lose $300 imo.
Last edited by Sanlmar; 11-11-2015 at 02:17 PM.
$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.
https://www.cryptofacilities.com
By comparison, forwards on EUR/USD are traded out as far as a year.
Last edited by MumblesBadly; 11-11-2015 at 02:42 PM. Reason: Add link
_____________________________________________
Lots of big buys got booked at 300, price popped to 302 and now its flatlining again before its inevitable deflation.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Well we had the dead cat bounce after the bubble. If I gave a shit, it woulda been a good trade.
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.
https://www.cryptofacilities.com/derivatives/signup
_____________________________________________
There are currently 4 users browsing this thread. (0 members and 4 guests)
Reply With Quote
