Bitcoin Forum

I don't see it.

Get onto Stamp and go buy some 5K BTC then u dickwad.

Can't go up 10% every week.  Go long or GTFO.

traders switched to NXT  ;D

And when the Nxt bubble slowly, agonizingly, drops back down to 0.00005 BTC after a month or two, they will get burned.  Again.  ;)

The value has increased too much too fast in these days, a period of calm or a little drop is natural.
...but with bitcoins all is possible.

For what i have seen , the rally have always started on sunday morning chinna time, so we are still like 5 hours from the point which has been starting the pumps.

From what I've seen, the price of BTC usually doesn't move much on the weekends. People can't deposit fiat onto exchanges because their banks are closed.

A weekend drop is usually what is to be expected and as long as that is not happening, I'd say we're good  ;)

Is this a new thing? The weekend rally? I thought we had been trained to look for a weekend dip. And I think we already had it on that drop to $635 (on Bitstamp).

We should have a bear trap somewhere before the full lift-off so keep calm and HODL or BYU MAOR but do not SODL!!!

I don't see the logic behind this...rally on weekends when banks don't work? Just pray for no drop and as soon as it isn't happening (*knock knock*) i think we are fine.

I agree, a drop at the weekend is much more to be expected, where did this idea of a rally come from?

I'm not so concerned about the banking days argument. I don't think there is any basis to say that most or all new money buys immediately once on an exchange. And I imagine after this prolonged bear market, there is still lots of "old money" waiting as well.

Apparently so, in the minds of the George Soros wannabes who fail to consider that if the price *always* goes up on a weekend, then nobody would ever sell on a weekend. (And conversely, when we had the weekend dip fallacy for a while).

Bitcoin doesn't use banking hours. There are no weekend nor weekday trends.

True.
But sadly, wire transfer deposits in exchanges depend on banking hours. :(

But people spend weekends with family and friends so mostly time its working like banking hours. but some weekend different that normal where we see good rally on Bitcoins.

If I send my money on a friday (and i usually have to) they don't show up until tues or weds. Not impressed, the banking system.

Well i did it always the way deposit-->buy ASAP myself but it makes sense that bigger buyers leave some fiat hanging in case of drop.

I buy through a UK company. As long as I have money in my bank account, I can send it to them instantly by debit card even if it is Sat or Sun & buy within a few minutes if I so desire. I know I pay them a premium for using their service, but it's so quick, efficient & trustworthy that I think it's worth it.

Yeah, but I'm going to be playing the trade game once we hit quad digits. And from what I have seen, Kraken is really secure, especially if you set up proper 2fa. Might as well get used to them.

True, my method wouldn't work for trading, it's just good for HODLING, & that's all I'm planning on doing  :)

If you aren't an expert trader with experience I recommend to hold because there are almost zero chances to lose the capital in this way.

Well, up to a certain point. I don't recommend being a total pig about it and never selling anything. I always take some profit when I'm up big, otherwise I'm kicking myself on the way down.

An easier and less risky way to increase the capital could be achieved estimating the next peak (looking at previous bubbles) and selling an increasing % of your btc savings when it cross your price.

Estimating the next peak is easier said than done; when the price was at 10$ a year and a half ago will you consider 50 100 or 300$ the peak? The peak in 2014 was 1150$..

No one can estimate the peak. But if you can sell while the price has risen 5x or 10x, and buy when it has fallen again, you ought to be in pretty good shape by now.

As someone else said: take matters in your own hands people!
Buy btc! Make it go up!  ;D

All I know is, it's not up to the bitcoiners and the forum users. At some point, we're gonna need a good deal of "new", "fresh" money from people who have never been involved with bitcoin before, if price is really going to sustainably rise.

Bitcoin traders have a lot of money on the exchanges or in bank waiting to buy; the number of users is growing steadily; and we are a huge financial crisis away to opening of everyone's eyes on the value of Bitcoin

Why not LTC? What makes you think people will use BTC and not something else........like gold.

Guess we are the ones who are already convinced!
But we can still do our part. Probably not buying, but being that annoying friend that tries to get others into btc :)

Bitcoin is much more than Gold but Gold will rise tremendously in price and all natural ressources as well

LTC doesn't have much than Bitcoin hasn't and Bitcoin has a lot than LTC hasn't

Yep, btc will be the coin.
But still you can get some ltc for fun, it is growing in parallel motion to bitcoin, so you shouldn't lose much.