Bitcoin Forum

This is a fact of life. BTC/Yen is over 50 percent of volume. Technical Analyst say BTC will go down: The Japanese are technical unlike the cowboys in the Western World!
The trend is down: Tread carefully!

from where the rationale of making this information? if that's true then I'm never afraid if bitcoin will go down. because with that I will buy more bitcoin for me to make an investment

like 2013, BTC/cny is over 50 percent of volume

Well see how this will go. Well if they pull out 50% volume, surely btc will go down. But if some rich investor would buy the 8,000btc that mt gox released through exchanges then maybe btc will recover. If whales would help buy those that mt gox sold then bitcoin would not go down anymore.

Yes, someone who holds the coins and doesn’t manipulate would be good!

I dont know where you get your facts of life. You should change your source for them since it seems are completely false. Let me check coinmarketcap for % of BTC/JEN pairs. I will be back fast.

Back. Today it was exactly 3.5% LOL     Can you be more silly?   If Bitcoin trade depends on one currency that could be a tether.  13.5% of all Bitcoin trades on exchanges was made in tether.

This thread is bull shit. OP is probably drunk or high and saying random shit.
And FYI technical analysis doesn't always yields the right results.

this is what we have to do. buy more bitcoins and hold them until prices rise and can be used for our savings in the future. I'm sure we can find a high price point either in this year or next year

You are probably basing on the fact that Japan's bitcoin trade volume is really high, obviously because they have adopted and legalized bitcoin. But it doesn't mean they can control and manipulate the price.

Fortunately though, the price has started to really pick up even before Monday Asia time so I doubt that bitcoin price will go down as you have speculate. On the contrary, it may continue to go up as today is Monday morning on Japan and at the end of the day we can see it peaking at $9K.

This is not a true news I think. If you have reference link confirms this is true then share it below guys. Trolling cryptos has been coming to forum every time. We just need to ignore these kind of person and then hodl the btc for long time.
If you do both these things then you would not get any problem like btc falling and fake news over the forum and elsewhere. Just ignore all shots.

Who is that technical analyst that bitcoin will be down this Monday?

Just woke up with the good price and it didn't go base on your speculation. Everything is starting to be in good recovery though this isn't enough and it's too early to celebrate.

no it is not 50% of the total volume. it is lower than that. and even if it were 50% it still wouldn't have changed a thing.

No, you say "BTC will go down", TA says it is not clear which way it will go. bitcoin has not moved outside of where it has been for over a month.
not to mention that TA has never worked for bitcoin ever in the past.

I told you so but bitches didnt listen!
BTC is DOWN!
USA and Europe are a minority in the crypto space: Learn it and understand it!

Ok then what do you want us to do? Run to the mountains and hide? Bow to your feet because Bitcoin is going through an expected correction? Listen to your "future predictions"? Or are you looking for approval because your daddy do not give you some? 8)

haha, if you ever wanted to know how someone can be confused about the meaning of "FUD", take a look at what OP said here once again. :D

he has heard something that something called FUD exists which causes the drops and he thinks FUD is the same as bullshit. LOL. he thinks we don't already know or won't check the facts such as volumes coming from different countries.

Congratz for a lucky punch.
But your opening comment is still wrong.
Japanese market do not dominate Bitcoin trading and therefore they will not decide in which direction the price will go.
And regarding your statement that USA and Europe are a minority in the crypto space: Where does all the innovations mostly come from? Where are the majority of developers located? Where are most of the actual crypto businesses coming from? Where are the majority of crypto whales coming from?
A small hint: Not Japan!!

wow, this guy was spot on---price dumped hard around 8am tokyo time, monday.


words of wisdom here. i started getting hopeful when price crossed the $8600s. this dump was a real dose of reality.... we had a nice bounce to $10k, but we're downtrending pretty hard on the low time frames. and the context is a 5 month (high time frame) downtrend. not a good look! :-\

Bitch

The trend is your friend. You are going against a trend. You are following greedy bitches with no education in market fundamentals.

I see still nothing to worry about Bitcoin and the market today because it is looks very normal to me, better you share your source like the links for us to review if there is probability of your claim because the way you speak it sounded like more than Mt.Gox just sold 8,200 bitcoin to the market in which it made the market to crash a little too. No offense but i think if you cannot show some specific and reliable source then this claim of yours is just to make FUD.

Daily volume talks and your BS walks. Whales have approx 40 percent of BTC: OK. Bitcoin is centralized by virtue of this. You are at NOT at their mercy if you think like them!

I think you have lost the gist of this thread!

All jokes aside: Take it easy. You seem to understand what’s happening! These markets won’t change and this crap will keep going on for a while. Do you really think that people want to invest in this space?

Volume is just one of the many things you can look at when basing you analysis and basing your prediction based on volume alone is not a good way to accurately predict something. The volume can drastically change if someone outside of Japan will participate which can really happen, to keep it short there is no assurance that BTC/Yen will still be 50% during that time, and we don't even know what they will do on the BTCs they are holding.

True, but the conditions were such to make a Monday Asian Time prediction: Yes their are variables such as someone dumping an over the counter purchase that could be linked to a futures trade!

OP, what's your prediction for next Monday? Will Japan "decide" Bitcoin's fate again for that day? Hahaha.

I hope it will happen again on my next pay check. :-*

are you sure? I don't see it on the charts. what I see is that price dropped below $9000 about 14 hours before OP started this topic. also it reached the bottom ($8200) 7 hours before he started this topic! after that price pretty much stayed the same around $8400 with +- $300.
he did not predict shit! unless you think the 3% ($200-$300) is called "going down"!

by the way what you are calling "hard drop" on Monday was a 2% drop from $8600 to $8400!!!

https://i.imgur.com/gxjN1Kt.jpg

The market is in a moment of indecision right now and any sensible technical analyst will know that the direction btc is going is definitely not certain yet until further notice. However, some of the things you have said may come out to play but they are just main assumption. At least let us just see how things get to turn out than assuming for the future and if it comes in a way that we go lower, I guess we will just have the dips in our hands to buy for the future.

Not sure if you know what you are saying but there is not point assuming all these would affect the future in a way since we really would not know how decisions would end up being played out by any means. Yes, I believe there are some few things drawing us back right now and sure there is a need to be careful but not really to create FUD or something as those who are investing long can keep taking advantage of the dip to buy more.

Technical analyst may say bitcoin will go down, but they sure do not know the future and if there is anything I have come to know with bitcoin is do not assume for the future. Just follow trend.

That's hard drop for him since he's a lowball trader and maybe he can't afford to see that little mess up with the price. But I truly can say that there's no ever deep will came on it since the peak time is slowly coming up and maybe those huge whales are preparing for the bull. So let's not talk about those dumps right now since for me I don't get even threaten by those little ones.

What a great analysis from your sources lol.

Seems like nothing happens since monday,trend is the same like week ago.so whats the issue now?
This is the problem if were always on the Hearsay ,and havent some proof to justify your nonsense post,anyway thanks for the advice 'you really helps alot'lol

Technical analysis has proven to not hold much weight in the last months. Don't get me wrong, the very basics can be useful in some ways, but it's pointless to over-analyse everything to come up with a conclusion that we will be going up or down. I can tell you without looking at the market that we will be going up or down, it's the nature of the market.

Every day I see very detailed TA articles pop up all over the internet pointing out that something is going to happen, but they nearly all fail hard. There are too many unpredictable viables involved to let TA form a guide in a market like this. At the end of the day the basics remain the same, which is that you buy at $100 to sell at $125 which is nothing more than you speculating on an increase. It either happens to go up or it doesn't.

Asian Market is deciding factor for Bitcoin after japan legalizing bitcoin and most of the Asian countries are controlling bitcoin prices

Can anyone here tell us what precisely is the reason why bitcoin and all the altcoins are in the red, bleeding red! It's been this way since the 6th of May, can't really say why but things are really going down.