Bitcoin Forum

My friendly advice for anyone that bought coins in the past days.
Right now the trend is reversing down again probably back to around 210.
Sell now if you want to make profit.

Uh huh.

LoL. It went down a little today and you think it will collapse to 210. Just wait and let see what it does.

a small dump and you quickly opened a thread just for that??
how long have you been in trading? a few days?
traders are taking profit. that's it.

Just some more friendly advice to anyone planning on following kwukduck's trading guides:


This was the call OP made to short BTC.  When was sitting at $238.  14 Days ago. BTC is up about 15% since then.

if you are going to sell just because of the fact that the price fell down a little, and start panic selling it is better not trade at all rather than lose money on every jump

Ha, man... You're just trying to grab some cheap shares right there, I guess. We're in the process of forming a well-known pattern right now. And we'll see a strong push up within the hour!

i saw lot of criticize from this op.

we should have ignore op....

I doubt a dump would just happen because of a 4-5 $ in price. Give it time, it will be stable back again by the end of the day.

better to hold it. I think bitcoin will reach $300 by weekend
already @$275 right now :)

No one can predict the market, your proof is not enough.

can you tell us timing too?

And will he refund us if his proclamations turn out to be a load of shit? That's when you know you're dealing with a serious player. I'll look forward to receiving the arrangements via PM.

Maybe he means that people are dumping fiat? That is what I see today at the exchanges. ???

i wonder if woodchuck actually believes what he posts

broke 280. I'm sorry I followed your advice and sold all my bitcoins :-\

The op is right, a dump is happening. It seems a large quantity of fiat is dumped.

Look up his post history it's all 100% inaccurate

He's consistent, at least!

OP is a troll that is always urging people to dump because the end of BTC is near. Ignore that douche bag.

OP must be crazy XD

LOL, your a marketing genius!

dump is happening = OP shitting in his pants

I am the only bear troll that anyone needs to listen to and right now, I am saying Bitcoin is going up......

.......but permabulls needn't go wetting their pants just yet.

What about now?   Should I sell now?

Sweet. Thank you for serving.

You must flip your screen man!  :D

No.

If you are looking to exit a short term long trade, wait for a parabolic pop on unfeasible volume,  combined with the BTC swaps levels on the trading platform of your choice, getting smashed.

Long day traders, are basically looking to sell on a short squeeze, and I say that hasn't happened yet.

But you also said bitcoin was going into double digits :(

I don't see any contradiction.

It can't bounce to like $330-$360 or whatever and go to double digits eventually after months? Why not?
Remember the $450-$680 bulltrap?

I'm not saying that is what will happen, just saying that there is no contradiction right there.

OP is probably a panic seller.

It's not gonna fall a few days, don't worry.
Probably price will go down after reaches to 300$

Bears are getting desperate haha, used to see bulls posting like this over the last few months.  Friendly advice is buy :)

I wonder, if you have any technical analysis (chart), crystal ball or anything else to back up your predictions? Otherwise it is just empty words, and as you already saw today, these words have very little to do with reality.

And that is exactly why i agree with OP. Everyone is looking to see 300 break, and thinks its going to happen, and that is why i'm also selling.
But regarding the rebuy; i doubt its going to go down to 210, since that would be too much, ill wait patiently at ~240.
Insane optimism is regular when price starts to pull up, but the fast movement up is bound to have a correction sooner or later.
Lets see who will get this one right!

cheers

Meanwhile, the price has risen 5% since this posting.

Don't feed the trolls.

I think we are gonna stay at $265-$280 for some time right now, any lower drops if you ask me won’t last long. the tables should turn for the better, don’t get left behind or panic trade and sell at a lose

same story different day.  you predict doom and gloom day in and day out.  did you see the 30% uptick also?  its clear that at some point you will be right about a drop but $210 is a little far out of reach by now.

Why sell now when the trend is just reversing in a steady mode, at this rate we might see $ 300 again. But others can sell if they want to in order to make a quick buck, others for sure will wait until we see another wave of btc rally upward.

Give it time.

Primary trend is still bear market. At the present moment, I like Bitcoin up until probably the $400 range, or until which time the shorts on Finex (which I use as a barometer) go POP. After that I will reappraise my stance and indeed my position.

Finally taken a position since I am sick of calling market correctly and not having a bean in the game....problem is calling market correctly generally means shorting, and shorting means leverage and I fucking hate all that and tend to conspire to burn myself time and time again.

U can check my post history and u will see I jumped on the right side of the trade before the market broke out from its consolidation phase.

I would like that to happen as well. But I am afraid that Op can be right here, unfortunately it is the scenario which happened a lot of times before. Sudden pump and the drop.

No dump yet but there is only a few dollars in it before i think that will dump also the whales will do what the whales will do we can only try to understand what they do not want us to understand lol It will not hit 300 before the dumps happen this time, auction tomorrow if it matters  ???

You guys are still denying this new bubble is popping hard?

Popping hard?
What bubble?

This is just the beginning of the uptrend: it will have ups and downs, and it shouldn't be too exciting, but I really think we've already seen the bottom.

The bull seems to get stronger, but I agree let's wait and see the real test at the first pullback. Let's see how deep it can go, and then we will be wiser whether trend reversal is happening or it is another false breakout.

i can only see a steady grow, not something that i would call a bubble, it's not even a pump

but i could agree that there is some manipulation going on, you could see this by looking at those walls in all various exchange

If it can't get above 300 then people might start dumping.

You really do have a talent for being wrong at all times.

that is what happens when emotions control your trading, not the other way round (as it should be).

Thanks for the advice i sold half my holdings at 285 now i hope i was a wise move and i can buy back in at a lower rate if it goes to 230 i would have made about a btc :)

For the record i sold before i see this in case anyone wants to jump in and say how stupid it is to listen to someone rah rah but was good to see this to back up my decision, either way win some lose some at least i am not wasting it on roulette etc 

Well if you only sold half at least it's not too bad...
Just don't wait too long, the train will depart eventually...

quoting for further reference  ;D

You're all welcome.

OMG it fell 3%  you were so right..  Thank you, Nostradamus over here.  Just die already and we'll worship you in the future.

well lets see what will happen in the next coming days.. yah there could be a small dump coming but eh i'll just hold on to my coins :)

just dropped a few penny, why the worry about? there can't be some swings in down scale that people should start to worry?

It is still up $20 from last week.
So absolutely no worries.

Dump in btc-e:
https://i.imgur.com/qKe6gw6.png

Heres that long awaited correction of the ongoing price increase, it was bound to happen.
Where do you think the floor will be, i assumed all along it should be @~240-250$

cheers

Classic correction. Floor around 240 with an overall uptrend until 300 territory before summer. Nice gains to be made if cards are played right.

So he is telling us, again, Bitcoin is going up by another 15%.

There had to be some sort of a dump. Only not sure if that would make it go down to ~$240

I guess we will see the price move slowly to around ~$325-$350 in the comming months.

yes, but little by little. This short correction was perfect to cool down the technical indicators and gain some fuel for further growth. Steady growth. Nothing of a kind, to da moon pump. we are not there yet. Because that is usually the last stage of the growth, when the mass public wants to maniacally buy. For now what we need is $15-20 jumps, and shallow corrections, like this last one.

Big old MACD shows still an uptrend in Bitcoinwisdom@Bitstamp, its safe to say we goin up.

We're still on the way up, people buying those bitcoins are billionaires. they are buying them to invest... not to dump.

the people yelling 'dump' or 'crash' were trying to exploit the fear and get people to panic sell, dont sell your coins cheap

I hope so. Just keep my BTC and wait what happened in the future.

Slow and steady growth is ideal to bitcoin. I admit that I do like to see massive price jumps, but as time went by and I gained enough knowledge about it, I am becoming nervous whenever I see spikes in price.

No it's not. It's basically maintaining at the current 272 level and becoming range bound between 270 and 275. Probably the drop which we witnessed about a day earlier was a temporary reversal in another direction that goes against the prevailing trend and this happens all the time. I see this as pretty normal.

I hope so. I like to see the green UP on charts too. :)

SO now one can summarise this thread and say, there was no dump, just a small correction. Good to cool down the technical indicators and resume on the way up.

Yep, and it's still the most reliable indicator if we look at the past.
Still, calm and steady growth at first, please, shouldn't waste all the fuel too soon :)