bitcoin down to $14000.."healthy correction" ..

[ZenZimZaliben]

Who gives a crap about their less than stellar HTML...lol. OMG!! I just looked at http://www.um.warszawa.pl/en and noticed they didn't use external script links but instead just dumped raw CSS and JS in the raw html..THE HORROR..Wow...That totally discredits the entire country. Not to mention the lack of Alt/Title tags..guess they don't care about Visually Challenged people either. /s

 

[notb]

Who gives a crap about their less than stellar HTML...lol. OMG!! I just looked at http://www.um.warszawa.pl/en and noticed they didn't use external script links but instead just dumped raw CSS and JS in the raw html..THE HORROR..Wow...That totally discredits the entire country. Not to mention the lack of Alt/Title tags..guess they don't care about Visually Challenged people either. /s

Seriously man, the <p> thing was meant to be a joke. The rest wasn't.
The problem in your comment was that you're making personal comments based on one's nationality - that's pretty bad on its own.
Also, since it seems you don't know much about Europe, I just suggest using better sources. These summaries from msu.edu are very dated and inaccurate - they will only confuse you...

 

[ZenZimZaliben]

Seriously man, the <p> thing was meant to be a joke. The rest wasn't.
The problem in your comment was that you're making personal comments based on one's nationality - that's pretty bad on its own.
Also, since it seems you don't know much about Europe, I just suggest using better sources. These summaries from msu.edu are very dated and inaccurate - they will only confuse you...

I was stating that where you are from and how you are raised can change your perceptions of things. Like Economic theory. I am 100% sure there are least 4 different ways to view Economics. But if you really want to take that personally then that's up to you.

Also on the Internet..when someone places a "/s" at the end of a statement it means Sarcastic and not Serious.

I will just continue seeing the world through my narrow, rose tinted, frame of reference. In the meantime you can keep your opinion and I can have mine.

But whatever... way off topic now.

On a more positive note :

 

[dorsetknob]

been browsing a backlog of posts and i despair at the Basic knowledge of worldly things Exibited by some they quote or make statements not irrelevant but glaringly WRONG
an "example" ( not picking on you by the way )

Think drugs vs guns.
Using hard drugs is illegal. Since there are no legal uses for e.g. heroin,

legality and Criminality Vary by Different legal Jurisdiction
Heroin and Derivative drugs Such as morphine and methodone have legal use in the Medical Trade.

or do they use a baseball bat as anaesthesia where you live

When you post such utterly incorrect Statements its hard to Take your posts as seriously as they might have been taken.

 

[Sasqui]

Hey, did anyone happen to notice that Bitcoin is sitting at around $11,500 now? *

*he says... wondering if this thread is about the price of Bitcoin

 

[ZenZimZaliben]

Hey, did anyone happen to notice that Bitcoin is sitting at around $11,500 now? *

*he says... wondering if this thread is about the price of Bitcoin

Yeah we derailed it pretty badly. Sorry about that. Went on a different tangent.

I wasn't happy it dropped to $9.6k for a few hours...but it bounced right back up. Been through this Mid January drop before...several times. But I was glad to see the floor seems to be 10k now...for now.

 

[Sasqui]

But I was glad to see the floor seems to be 10k now...for now.

From all I've read, the price of virtually all CC's is in the hands of only a few. And their interest is to make money, so as long as that's the case, you'll see ups and downs... they make money when it goes down too.

 

[hat]

Sure. The price of BTC doesn't concern me too much though. In fact I could stand to see it go quite a bit lower as long as it doesn't take mining profitability down with it. That just means I'd get more BTC from mining and wind up with more value later when it inevitably goes up again.

 

[Papahyooie]

Sure. The price of BTC doesn't concern me too much though. In fact I could stand to see it go quite a bit lower as long as it doesn't take mining profitability down with it. That just means I'd get more BTC from mining and wind up with more value later when it inevitably goes up again.

Exactly. Dollar profitability is down, but BTC profitability is up. And if you're selling BTC for dollars now, you're wrong.

 

[FordGT90Concept]

...inevitably...

It is not an inevitability: keep that in mind.

 

[Papahyooie]

It is not an inevitability: keep that in mind.

I don't think anybody here actually believes it's an inevitability.

 

[hat]

Well sure it's possible it won't go back up. Possible, but unlikely... the way I see it, BTC has basically turned into a scheme for high rollers to make money, largely supported by little guys like me trying to make a little money. Such is the way of the world... anyways, point being that if BTC never comes back up, high rollers aren't making money anymore, and them being the driving force behind it, I see that unlikely to happen. It's like saying a train might stop if the conductor decides to stop it, but running the train is what the conductor does to make his money, so he won't be doing that...

 

[ZenZimZaliben]

I would also like it to drop more. Then we have the fat cats pulling out, all the day traders leaving, and all the pump/dumps would stop and back to pure Cypto..where the technology was more important than the value. The idea of a decentralized, 100% transparent, currency was the focus. Now BTC has been converted into a Storage of Value and that isn't the right direction in my opinion. If it is being used as a Value Store than it is not being used as the currency it was intended to be.

 

[R-T-B]

I would also like it to drop more. Then we have the fat cats pulling out, all the day traders leaving, and all the pump/dumps would stop and back to pure Cypto..where the technology was more important than the value. The idea of a decentralized, 100% transparent, currency was the focus. Now BTC has been converted into a Storage of Value and that isn't the right direction in my opinion. If it is being used as a Value Store than it is not being used as the currency it was intended to be.

Part of why I don't take bitcoin seriously anymore is this direction it's taken. I know what you mean.

 

[FordGT90Concept]

Well sure it's possible it won't go back up. Possible, but unlikely... the way I see it, BTC has basically turned into a scheme for high rollers to make money, largely supported by little guys like me trying to make a little money. Such is the way of the world... anyways, point being that if BTC never comes back up, high rollers aren't making money anymore, and them being the driving force behind it, I see that unlikely to happen. It's like saying a train might stop if the conductor decides to stop it, but running the train is what the conductor does to make his money, so he won't be doing that...

They likely took their earnings and put into to gold bullion.

 

[R-T-B]

They likely took their earnings and put into to gold bullion.

If you think all the "high rollers" left there you are very very mistaken.

 

[FordGT90Concept]

Didn't say all of them did but clearly a lot did. Whomever they were put their money in something else, not BTC, and they're not likely to put it back into BTC.

 

[hat]

Who's to say it's not a wash/rinse/repeat type job...

 

[FordGT90Concept]

Because the intrinsic value of crypto is zero. When people invest in a company via buying stocks, there's a quantifiable floor to how low the stock can go because the business has documented assets and liabilities. Even if the company goes bankrupt, stockholders will get the balance sheet's worth of value out of their stocks. Crypto, on the other hand, has nothing. It's value is literally based on what other people are willing to pay for it. If no one is willing to buy it, it's worth nothing. The $20K it was at could be the most it ever will be.

 

[trog100]

i dont own any bitcoin only what nicehash owes me.. at the moment its tried to get past 12000 several times but each time it gets near its knocked back down again..

the only snag is everything else i do own seems to be directly linked to bitcoin.. how closely all these coin move together convinces me it is all being manipulated..

it dosnt always all move in lockstep but it for sure does when there are large up and down moves..

i think each time it gets knocked down little fish are shaken off and get picked up by the whales..

and ford.. 20K might well be the most bitcoin will ever be.. i dont mind as long as one or two other coins go up to 20K as well.. he he

the secret will be being able to pick which coin goes up and which coin goes down..

trog

 

[Vario]

i dont own any bitcoin only what nicehash owes me.. at the moment its tried to get past 12000 several times but each time it gets near its knocked back down again..

the only snag is everything else i do own seems to be directly linked to bitcoin.. how closely all these coin move together convinces me it is all being manipulated..

it dosnt always all move in lockstep but it for sure does when there are large up and down moves..

i think each time it gets knocked down little fish are shaken off and get picked up by the whales..

and ford.. 20K might well be the most bitcoin will ever be.. i dont mind as long as one or two other coins go up to 20K as well.. he he

the secret will be being able to pick which coin goes up and which coin goes down..

trog

Generally related investments are correlated, this is found in traditional securities and indices. Doesn't mean it is entirely being manipulated. Some of the psychology from one carries into the next. Fear of regulation, optimism of new markets, sometimes arbitrage and hedging actions increase correlation by short selling one commodity while buying another long, causing price convergence.

 

[trog100]

11,949.77 is where it at now.. this is about the fifth time in a couple of day..

quite clearly its eventually gonna break out past that 12000 barrier.. when it does everything else will go up with it... at some point the "moving in lockstep" process will stop and the other coins will start to do their own thing.. until the next big knock down then it will be back to lockstep..

i have a few grand tide up in this stuff and watch how it moves on a regular basis.. sadly i have nothing else better to do..

trog

 

[silkstone]

11,949.77 is where it at now.. this is about the fifth time in a couple of day..

quite clearly its eventually gonna break out past that 12000 barrier.. when it does everything else will go up with it... at some point the "moving in lockstep" process will stop and the other coins will start to do their own thing.. until the next big knock down then it will be back to lockstep..

i have a few grand tide up in this stuff and watch how it moves on a regular basis.. sadly i have nothing else better to do..

trog

Unless this period is just a bull-trap and everything continues to tank after the weekend.

I don't have a tonne of crypto, but I was trying to trade (from mined income) over the Christmas period. I learned a few things from it.

1 - It's almost impossible to time the markets (I sold coins a couple of days before they rocketed 1,000% - 10,000 % and bought before they tanked too often)
2 - When the risk/reward balance is lying heavily on the risk side (i.e. you wouldn't buy with fiat), then is the time to take profits
3 - Don't react immediately to news stories, the big players are going to be so much faster than you and 9 times out of ten, you end up selling on a dip. I was mostly able to buy back at the same price i'd sold on the bounces, but did get burned a couple of times.
4 - The markets actually take a couple of days to fully react to any news, bad news will often see a immediate big dip, followed by a recovery. If the news is bad, they will often then go back down further. If the news is positive (hard-fork, new tech, etc) you'll see an initial spike before leveling off. After a day or two is when you'll see the most gains.

One thing I've been looking into is which exchanges I can transfer money from non-US/EU accounts. I'd like to play the arbitrage game as ETH are always $100-$200 more expensive than the international market here, which is good for me as I mine. I want to see if there is a way that I can get $$$ into and international exchange and transfer it back to a local one, but so far I've not had much luck.

 

[trog100]

12,842.52.. its made ts break i think 13000 will be the next pause.. and as expected everything else has followed it up..

i think we have already had the bull trap.. i still think its being manipulated but if the buying or selling pressure is strong enough it breaks through..

trog