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red_balloon

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why bitcoin falling these days?
« on: December 10, 2017, 10:46:20 am »
Why bitcoin falling ah?
I thought futures coming so more people can come in and buy bitcoin?

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happyshar

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Re: why bitcoin falling these days?
« Reply #1 on: December 24, 2017, 12:22:16 am »
Rise or fall, it's being controlled and manipulated.
What Do you call, a person with sympathy but zero empathy?

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beaverjuice

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Re: why bitcoin falling these days?
« Reply #2 on: December 24, 2017, 08:12:00 am »
Rise or fall, it's being controlled and manipulated.

how is it controlled or manipulated?  It is all driven by fundamental human psychology .... how much one values it relative to fiat .... fiat money is backed by the solvency of sovereigns .... crypto is backed by the beliefs of the sheeples ....

if we believe that sovereigns are doomed,  ie. Singapore government is going down the sh!thole then fiat will rise ....

it is all a trust and belief system.


in any case,  I hope crypto will drop back to $100 .... volatility is good for trading .... otherwise it becomes a dead uninteresting stock .....
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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beaverjuice

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Re: why bitcoin falling these days?
« Reply #3 on: December 25, 2017, 01:08:46 pm »
Anyone caught in the crypto-currency downdraft? ???

Tempted to initiate a position once the retracement reaches 70% .....

https://www.bloomberg.com/news/articles/2017-12-24/digital-coins-resume-selloff-after-one-day-recovery-fizzles
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."


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beaverjuice

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"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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happyshar

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Re: why bitcoin falling these days?
« Reply #5 on: December 26, 2017, 12:09:38 am »
how is it controlled or manipulated?  It is all driven by fundamental human psychology .... how much one values it relative to fiat .... fiat money is backed by the solvency of sovereigns .... crypto is backed by the beliefs of the sheeples ....

if we believe that sovereigns are doomed,  ie. Singapore government is going down the sh!thole then fiat will rise ....

it is all a trust and belief system.


in any case,  I hope crypto will drop back to $100 .... volatility is good for trading .... otherwise it becomes a dead uninteresting stock .....

Human psychology is one thing.

Another thing is the whales colluding through planned buying and selling to maximise their earning. Because they already calculated how human psychology behaves and tap into it. Whales with huge stash to make the market move, and to roll up their $$$.. pumping the price to go up from the start. When is enough? When they reap enough to stop lo. Anw these cryptocurrencies are unregulated.. ppl with huge $$$ can easily form groups / hire different users to pump / dump..they probably can't even be caught because it's a grey area..ppl with huge financial reserves.. balls of steel and fortune favours the bold...Just hope the commoner know when to stop... Coz they'll nv know when the whales go home
« Last Edit: December 26, 2017, 02:10:43 am by happyshar »
What Do you call, a person with sympathy but zero empathy?

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beaverjuice

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Re: why bitcoin falling these days?
« Reply #6 on: December 26, 2017, 09:56:27 am »
Human psychology is one thing.

Another thing is the whales colluding through planned buying and selling to maximise their earning. Because they already calculated how human psychology behaves and tap into it. Whales with huge stash to make the market move, and to roll up their $$$.. pumping the price to go up from the start. When is enough? When they reap enough to stop lo. Anw these cryptocurrencies are unregulated.. ppl with huge $$$ can easily form groups / hire different users to pump / dump..they probably can't even be caught because it's a grey area..ppl with huge financial reserves.. balls of steel and fortune favours the bold...Just hope the commoner know when to stop... Coz they'll nv know when the whales go home

*haiz* ... now you are scaring me .... :-[ :-[ :-[ .... I was going to go all in already .... but ....
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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