Bitcoin Forum

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

Support is very thin, yes. Only 1630BTC is required to dump the price to $445 which is a decrease of over $20 caused with a relatively small dump.

Correction but it wouldnt be that big a drop though

Who cares?  Price will keep rising to and past the halving with a bunch of corrections on the way.

Does anyone else wonder why the Chinese exchanges are lagging behind? I mean, they used to be $5 - $10 more than the Western exchanges, but now the table has turned. What do the Westerners know that the Chinese don't? It's almost mind boggling because the center of btc has been China, it's where the most trade volume occurs, it's where the most hashrate takes place, it's where the btc is most concentrated. Without China, bitcoin can not go to the moon.

chinese yuan has made its first move to decouple itself from US debt by becoming a gold standard.  US dollar has become whitewashed without anyone taking notice... well anyone except bitcoin comunity and gold bugs.

Yeah that can change, and it probably will.  Don't know if OP is correct or not, but I'm just waiting to see what the halving does.  Woot!

Click the original poster's post history.  It's a zionist banker shill spam account.  Every single post for 20 pages says "price will collapse to 0 any second".  Not sure how this account is not banned.  The fact that they do not ban this account is very suspicious.  It's the same 2 line spam posts for months, even when the price is going from 200 to 500.

if they've bought BTC lately, they're more likely willing to lose the amount but still.  Either way, the chance of price going up is very much possible after 2 months due to halving.
so a few drops won't matter to them as they'd expect more gain later.

There might be a small correction, but it will rise again  - this is the halving pump, and it has a way to go. It won't break till June when people cash out just before the halving.

There could very well be a correction coming, but I think that the buywall has been moved up enough that it wouldn't severely hurt the value, and chances are we won't drop below $440.

Hell, a correction would be good for the price, that way we can be sure it isn't a bubble.

a correction! yeah maybe but not a $20 correction. nobody is going to sell at this rate, so the sell amount is never going to be be that high to push the price down $20 if we were at $500 today then that may be true but not at this rate.

lol you really think that the last mini increase is a pump? no that is the correction itself, there can't be another correction on that correction

we are correcting toward 450, from the previous dump

The real question is...




Where is Kwukduck? When are you going to bring him out? Oh wait, we need a $5 drop first?  ;)

You looking at Stamp's book??

Finex is leading the $$ market. SO ignore stamp.

Finex it's ~5700 coins down to $444...

I don't think it will be dumped that hard.

that is half the resistance. if price starts showing the slightest amount of decrease a lot of bots and alerts are going off which will create a lot more resistance because people will start setting up buy orders at those prices.

I look at stamp because it's my main trading exchange, so for me it's very important. If the price gets dumped with just ~1630BTC it means I can set some well placed buy orders to benefit from an eventual dump.

Correct me if I'm wrong but isn't op the guy who is always predicting Bitcoin going down and and other kind of doom scenarios? :D
A slight drop on a short term view isn't something I care about to be honest. We are in an upwards movement and only that is what counts imo.

I'm sure I saw talks_cheep post something positive. Once. Maybe. ;)

I think a correction is inevitable. Whether it's imminent, however, is much less certain. Analysis that goes significantly beyond "looking at the order books" would be useful... I trust order books about as much as most people trust the CNY exchanges. Or, for that matter, posts from posters whose past prophecies of doom have not come to pass.

Yep, in that aspect he can be seen as the lil bro of kwukduck.

However, for once everything that OP is saying does indeed makes sense. I am expecting a correction too.

looks like op wasn't that wrong on saying that a correction is due. finex dropped from $465 to $450 in a very short time. let's see if this dump brings people back to earth.

Don't panic, probably some people got stopped out by AAPL drop and had to liquidate a few BTC.


Buy the dip kids.

After a correction the usual thing to happen is a consolidation. I'm betting either a consolidation around 460 or another rise to 475. If it consolidates around 455-460 for a few days, expect a rise to 475-480.

Why the hate for saying a correction was incoming? On this forum, if you speak about btc price going low, you're automatically a heretic. I've called a few crashes, some of which never materialized, and I've called for a few rises, some of which never materialized; the point is I call it the way I see it. Unlike many bulltards here, I have NO vested interest. I don't care one way or another if bitcoin succeeds or not, I'm happy with current system with fiat and credit. I'm equally happy with my bitcoins and altcoins, if they succeed, I'll be RICHER, but I know I can't take them with me to my grave.

Lol i think be calm and dont panic its just a few dollars and i think more holders are not satisfied and they want to wait to hold more bitcoins so they are just dumping and satisfied what they have.. and i think the truth is the price will increase more sooner imaybe the price sooner will be jump in 500 thats why they arre just giving a sign..

Yeah the correction is small compared what we gained the last weeks. Just hold tight and you will see the price going up again.
At least 500 dollar in may.

eh wot?

CNY has become a gold standard!?

 :o

The new Chinese Yuan is backed by Chinas recent gold hoard...they bought tons of gold while it was cheap over the years.  Also - you can try googling for this information but it's hard to find. Basically if you look...you'll find out the new gold backed Yuan CANNOT be traded/sold for USD....this is a major play against the US of A. 

Also if anyone paid attention in school, you'd know in our lifetime the USD will shift from becoming the world reserve currency and so far it's looking like the Yaun is the next one in line... 

---
We all know the dollar is worthless and Americas debt is only growing and the dollar is just becoming more worthless

Fun times ahead over the next 10-20 years.

From the outcome it looks like you almost got it correct due to recent crash that landed to 455 at the moment however I don't think it will be another of those phases and will get back on track eventually. Care to share how did you guess this? ;)

WE ARE IN BULL MARKET

BUY THE DIP, SELL THE SUPER RISE IS IN EFFECT.

Or buy the dip and sit on the train.  $750 here we come.

Somewhat agree. That way it has been on the two or three previous raises. Goes up to above 450, then down again.

I honestly believe that the bull market will keep going, the price will recover shortly.

Wow, I never thought we'd go so low as to 435 but we did. It's recovered to 442 right now, hope it will go stable at around 445-450.

I'm not really surprised that it went that low, probably someone manipulating the market to make some money off of their losses from the dive from $460 to be honest. I can see some people looking to make some easy money off of people moving the value.

I checked and I don't quite understand what you're saying. I don't see "price will collapse to 0 any second" at " Every single post for 20 pages."
In relation to what OP said, he's not entirely wrong though. We may very well see a correction soon enough when people starts dumping bitcoins.

The most people are hoping of course that the value will be more worth so they can sell it with some nice profit and that will be great for them they already waited a long time.
But you never know what is going to happen and for how long it will rise and that is the problem.

The bitcoin price is still in the correction or the consolidation phase. It has been there for more than 6 months already.

Nobody will know for sure that it is going to happen and that is the problem so you have also to take some risks if you are going to invest now around this time.
But indeed you also can see now that that value is going to rise and that is perfect for the people who already have Bitcoin.