so many large financial newspapers have said exactly what Bitcoin is: a speculative bubble, virtual hashes, super expensive collections of worthless bits.

their real value: zero, they still have some value right now simply because they are in the news. that's all.

those 20 people who own almost 95% of bitcoins have enough money to still pump good news
in the media outlets

but soon it will all end

Bitcoins are backed by NOTHING.

and 96% of Bitcoins don't even ever move or get spent, they are just hoarded by speculators.

that's all

nevermind

(12-17-2013 02:41 PM)fortyfor Wrote:  so many large financial newspapers have said exactly what Bitcoin is: a speculative bubble, virtual hashes, super expensive collections of worthless bits.

their real value: zero, they still have some value right now simply because they are in the news. that's all.

those 20 people who own almost 95% of bitcoins have enough money to still pump good news
in the media outlets

but soon it will all end

Bitcoins are backed by NOTHING.

and 96% of Bitcoins don't even ever move or get spent, they are just hoarded by speculators.

that's all

FortyFor:

There is nothing wrong with having an opinion and a prediction. Actually, I respect people who have both or either. However, your posts are increasingly demonstrating that you appear to be disingenuous with your sharing of information with RVF members.

In this post, you just cited several alleged facts, which are incorrect and inaccurate and misleading in order purportedly to support your argument(s) against BTC. After having had given you a chance to come clean, you have NOT. Therefore, I suspect that you are doing this on purpose.

I am NOT going to spend time and space to explain why each of your asserted facts in this post are incorrect, inaccurate and misleading.

I think the the decline is coming

255 btc sell in one second and it drops then the next minute 20btc are bought and it snaps back. Yeah right.

(12-17-2013 03:35 PM)el mechanico Wrote:  I think the the decline is coming

255 btc sell in one second and it drops then the next minute 20btc are bought and it snaps back. Yeah right.

Sorry El Mech... YOU ARE THE GREATEST, but (and that's a big BUT) your statement still lacks specifics that would allow anyone to act with any certainty as to when and how much... though you are stating the direction of the movement (though you said the same thing yesterday at $650.. it's currently hovering at $690 - down within the last 60 minutes from $720)... you may be correct that we are going to suffer a period of downward movement.... but how much and for how long... etc etc.

Edit: BTW - have you been in dollars since yesterday at $723 or whatever that was that you had said that you sold? And, then when to get back in... ?

^ How am I supposed to know? There is no specifics except I'm holding USD and waiting because I feel it going to go down. China is not buying/converting their money anymore. WTF are they going to do with bitcoins? The Gov is chopping every outlet out for them so?????? If you were Chinese what would you do?

(12-17-2013 03:56 PM)JayJuanGee Wrote:  Sorry El Mech... YOU ARE THE GREATEST, but (and that's a big BUT) your statement still lacks specifics that would allow anyone to act with any certainty as to when and how much... though you are stating the direction of the movement (though you said the same thing yesterday at $650.. it's currently hovering at $690 - down within the last 60 minutes from $720)... you may be correct that we are going to suffer a period of downward movement.... but how much and for how long... etc etc.

Edit: BTW - have you been in dollars since yesterday at $723 or whatever that was that you had said that you sold? And, then when to get back in... ?

Mech has constantly said he's analyzing the Chinese using "greek villager logic" and going on hunches. No one can tell you exactly when something is going to rise/drop and by exactly how much; he's just telling you his hunch. So far his hunches have been pretty good and considering that they're hunches they're pretty specific - that's why I was encouraging to get a twitter, I'd say he's got a hot hand and we should ride it.

Edit: MechCoin TO DA MOON!

Getting money out of china is difficult, so its always that.

(12-17-2013 03:59 PM)el mechanico Wrote:  ^ How am I supposed to know? There is no specifics except I'm holding USD and waiting because I feel it going to go down. China is not buying/converting their money anymore. WTF are they going to do with bitcoins? The Gov is chopping every outlet out for them so?????? If you were Chinese what would you do?

You may be correct that there may be some selling going on in China that reverberates to the BTC price. No problem with that prediction that there may be a little bit of a slow down... but as Pants infers, Chinese are used to dealing with legal difficulties. They are also a bit of a scoff law group. It is possible that BTC could be chopped in half by such, but none of us know at this point whether that will be the direction and/or extent..

Nonetheless, I am continuing to buy on the way down, if BTC continues going down. My last couple of buys were at $680-ish, but I have NOT yet bought the total of my daily minimum. In other words, I am under $200 for the day.

My next buy point is somewhere between $630 and $650, depending on how quickly BTC drops, if it does. The price is back up to $700.. so who knows... ?

I am NOT selling any of my holdings, even though at the moment, it appears that there are enough variables in place for a downward adjustment....

Why did fortyfor get banned? Is he the first casualty of crypto currency haters on the RVF?

[attachment=15979]

I really do NOT know how a guy is to read the information from that fiatleaks page (or the btcccast.com page) for its predictive value regarding the price of BTC.

Yes, of course, the momentum of the Chinese engaging in active trades does seem to be a factor that could be taken into in order to project UPs and DOWNs in the BTC price; however, if you look at the Blockchain (linked below), you can see that there has NOT been too much of a change in the total transactions. Of course a guy can play around with the timeline of the below linked chart and look at other charts within the blockchain data as well. We just have NOT been seeing much movement all day today.. so far.

https://blockchain.info/charts/n-transac...0&address=

[attachment=15980]

Tell me Jay Juan what is going on here.

(12-17-2013 07:00 PM)el mechanico Wrote:  Tell me Jay Juan what is going on here.

You are hilarious!!! I have NO fricken idea.

It represents some kinds of sales and purchases in BTC China exchange?

Do I get a smiley face for that response?

China is putting the screws on Btc. so now what ???

Yeah that's what I said before so hold in USD they are trying to fuck us and ditch.

im just gonna watch prices..when they stopp falling..ill buy a little more coin.

I went on a minivacation and missed a 200 dollar increase...should have sold and rebought

(12-17-2013 08:09 PM)Sourcecode Wrote:  im just gonna watch prices..when they stopp falling..ill buy a little more coin.

I went on a minivacation and missed a 200 dollar increase...should have sold and rebought

SourceCode:

As seems to be my routine category of question with guys on this thread, how do you know when BTC's price stops falling? Do you get a text from El Mech? Just kidding on that last part.

I actually give Ali some coin to monitor it for me
if it goes down..hold.
if it hover for over 2 hour..old
steady drop of at least 60 dollars..sell
steady increase of at least 60...buy
wait till the next drop and sell...wait for it to bottom how..buy more
repeat

i said it once before though
http://preev.com/

this site is a decent ticker

also charts
https://coinbase.com/charts

(12-17-2013 08:15 PM)JayJuanGee Wrote:  

(12-17-2013 08:09 PM)Sourcecode Wrote:  im just gonna watch prices..when they stopp falling..ill buy a little more coin.

I went on a minivacation and missed a 200 dollar increase...should have sold and rebought

SourceCode:

As seems to be my routine category of question with guys on this thread, how do you know when BTC's price stops falling? Do you get a text from El Mech? Just kidding on that last part.

I'll post my buy in here. Hey Jay, how many thousands would you have saved if you listened to me and ditched that plan of yours? I'm not gloating but all the signs are so obvious

If you want a text PM me your number

Listen to this song it reminds me of what's happening now with Bitcoin.

(12-17-2013 07:59 PM)el mechanico Wrote:  Yeah that's what I said before so hold in USD they are trying to fuck us and ditch.

i meant long term ???

(12-17-2013 09:31 PM)GameTheory Wrote:  

(12-17-2013 07:59 PM)el mechanico Wrote:  Yeah that's what I said before so hold in USD they are trying to fuck us and ditch.

i meant long term ???

Long term = 12 hours right now

Delete

(12-17-2013 09:46 PM)el mechanico Wrote:  

(12-17-2013 09:31 PM)GameTheory Wrote:  

(12-17-2013 07:59 PM)el mechanico Wrote:  Yeah that's what I said before so hold in USD they are trying to fuck us and ditch.

i meant long term ???

Long term = 12 hours right now

12 months ??? what do you think will happen to Btc ???