Bitcoin Forum

1W MACD confirmed green
3D MA/EMA confirmed crossover
Conclusion of falling wedge + confirmed breakout with target near the ATH (https://www.tradingview.com/v/6AE9Qx7B/)
Q1 Ending (Gemini launch scheduled + GBTC trading imminent)
Wikipedia, twitter, and news activity ramping up
VC investment going through the roof

I've been watching this thing for years and I've never seen the stars align like this. Quote this for posterity and my own personal glory. Sunday March 15, 2015 was the all-in moment. And it was obvious.

The moon is just a rest-stop, we are going into new galaxies!
Is BTC back above $500, yet?  ... no?  ... Here it comes.  :)
ps. Only go "all-in" if you have good income and can afford to buy more if prices slide.

So moon confirmed?

Things are definitely turning around it is nice to see.

I wonder what news we'll have this monday.

I do not agree. I call below $270 before we see $300 again.
You can quote me on that.

COIN (just guessing)?

I'm not saying there will necessarily be news on Monday.

And I don't think COIN will go live until Gemini (the first truly regulated US exchange) is up and running.

But the pink sheet offering (GBTC) could go live any day now and Gemini's launch will be a big deal as well.

I am with op the charts are talking to me i see them in my sleep and they tell me now it is time we about to explode this week, can you tell us when you believe the 270 is coming? I have quoted and will be sure to come back and give you a well done or we told you so :))

Possibly by next Wednesday or Saturday? It's really hard to do these kind of predictions. However, I'm confident we will see a continued downtrend.

It might go back to $270 in the short term, but in the mid term I see $500+ coins within a few months or so. Possibly $1000+ coins again by the years end.

last weeks have been a good time to buy in. smart people have bought in already and are waiting.
some buy before good news in sight. and some buy in after good news.

i'm margin all in since yesterday (at least to an amount i can keep liquidation threat well into the double digits)

i have no intent to sell btc at or below it's current value so why not buy on margin

Margin... Your liquidation price is in the double digits right now.  But how long until that's not true?  Interest will increase your liquidation price everyday.

This was THE all-in moment of late. However, everything in the frightened primate brain screamed against it at the time.

Hmm... We had been 280$ from 295$ , is that a kind of corrections?
I think the corrections is ending and we're heading up and trend to hit a new high.

https://i.imgur.com/WDF2iyA.png

52week ema has a date with destiny...

Aye. It's always the one in retrospect. When you're there at the time most are too busy running around and squealing. I'm certainly not immune myself. I will train myself out of it by running along beaches just like that bit in Highlander.

If you're in the green, simply change the swap cost to term instead of daily.

I need to see this first to believe. I've seen launch of many exchanges before and it is nothing new to be. Majority of bitcoins are in Chinese hands and are floating on their markets, more than 70% as of yet. So launching american only exchange is not gonna shake the market that much.

From the MACD plot, there could be a possible drop before things will pick up again and hopefully this time round, we should see a breakout which should happen somewhere late of June. I think that will also coincide with the twin's etf fund launch date which should also be around that time, although they have keeping mum on when it is going to happen. Regardless, anything is still possible and sometimes even the charting figures could still be wrong.

When looking at the 1w candlestick chart on Bitcoinwisdom, there is 6 green candles in a row now!. Have not seen this since may 2014 and the October 2013 boom. If we get 7 green candles on that 1w chart, there is a huge likelihood we are in a new boom.

and I would like to add, if we go into an new boom, this tie I guess the target is around 2500-5000US$ pr bitcoin.

We will have to get to "uncertainty-terrain" at $200 to 240 first.

Prepare yourself for a slow and boring uptrend like in 2012.

and why is that??

I'll quote you on that because I think just a small amount of fresh fiat will take us to $300, even if it is short lived.

after 1 year and 3 months of downtreand, it makes sense to have a new boom, could be now, it looks like it!

The central bank of Europe pump out new fiat in ever unsean hights... this happen other places in the world too... I believe we have a new boom in Bitcoins... people around the world have more and more fiat... its an accelerating process... it will go to maybe 2500-5000USD this time and in the long one infinity!!

No matter if yu are an whale a small fish or something inbetween, this is the time to buy all you can, as the price of Bitcoin will go up very soon....

Bitcoins price need to rasing atleast as much as the new creation of new USD, in order to keep its own value. If you believe Bitcoin is much better then USD, then the Bitcoin price need to raise much faster then the creation of new dollars. This means Bitcoin is highly undervalued at the moment. When people realized this, there will be a huge spark in the bitcoin price, I put an target of 2500-5000 USD of 1 bitcoin, in the next boom!

to much optimism in the short-term. we haven't yet varified, if we have seen the real bottom. actually I think it would be quite healthy (in the long-term) to correct now.

If you compared with the 2013-booms, I remember how the markets moved very fast, as soon as the people got excited. I believe that with Bitcoin it goes like this, an fast boom in 3-6 weeks, as the short history have showed this. After the boom we might go from the ath at 2500-5000, to maybe 500-1500 for a long time. That's been the pattern earlier in Bitcoin, and I believe it will repeat. Remember Bitcoin is not only an disruptive technology, its an revolutionary technology, that's why you cannot expect it to act like other new things. The price will always be wild, compared to what Bitcoin is defeating, Fiat, as Bitcoin is the new currency of the world, and will defeat fiat in booms like it did in the past. It will be violent till the day we only use Bitcoins/cryptos.

I am with you. Just don't agree with you, that we witness a bubble starting phase - atm.

Well it could very well be, it also fits in with the theory of the two 2013 bubbles being artificial and not created by organic growth - you know, the Willy theories. I personally have my "this is it" border at $360.

I think this is very likely to be the new boom period. Atm I am freeing up money to buy more Bitcoins, I am seriously thinking about taking out huge loans and buying with leverage. I believe as I said now for some time, that the new boom is here now.

This is so risky, my advice would be to reconsider this. You really don't want to end up in debts! If you are willing to risk everything, why not just buy leveraged on Bitfinex?

I know its risky. With high risk comes high rewards. Its a matter about "knowing" that the boom is here, then its more risky not to do this!

Please just think about how it would feel to lose _all your coins_. And be prepared for that when you go on leverage. It only takes one violent swing down and you get margin-called. Please keep this in mind!

I only buy on leverage with 10% of my coins, and the money I borrow other places are not affected in this way.

Can you give an example of how he could lose 'all' his coins please? I agree though not only is it risky it is kind of stupid you would be breaking the number one rule of investing more than you could afford to lose. That never ends well we will have another serial fudder on our hands if we went to 250 for 5 minutes lol. If you have coins just be happy with what you have got..

The train is starting to get traction. I hope you guys bought as much sub 200 BTC as possible and not only the whales were intelligent enough to do so with their silent-slow buying. Those whales are ready to go long term now.

i don't mean to be a pessimist but you have to keep in mind that with high risk comes high losses too. no one knows or at least can tell for sure that -as you put it- the boom is here. then the risks is even higher.

I agree on this. Sometimes I think the next strong bull will go completely crazy... make the 2013 December to look like a day in the kindergarten.

289 --> 294 since we began this conversation today.

The last run was was crazy enough, you know why? Because it was fake just manipulation got it to them highs and a shit load of money then everyone jumping aboard unless we see the same again it will not go to them levels until there are many many more buyers and there is nowhere near yet unfortunately.

I agree though we are seeing a change and we will be breaking 300 soon enough, luckily i got in at a nice entry that i am happy with the whales will be here for as long as they can manipulate the market which can be a good thing :O)

289 --> 294 --> and now back down to 290 on bitfinex

wasn't the allin moment 220? lmao you guys

don't do it.

Even if you don't care about losing all, so much risk you make you sentimental and you more than likely will do wrong moves and regret about it later

220 was starting to look good, but there weren't as many confirmations. 220 was the half-in moment.

The timeframe today is very much like early 2012.  It'll be a slow beginning to the boom, like 2012, but we will gradually increase throughout this year, imo.

That's a good point I never thought of. Whales pushed down the price to get in lower and bought quietly. Then once they have had their fill they slingshot price up making it difficult(expensive) for new comers to accumulate coins...

If this is an all in moment, its on the short side...

The news about the Australian government's intentions to sell 24000 Bitcoins might have spooked the market. Straight after the US auction we get another government selling coins, and they are talking about selling most of them on the market rather than at auction.

I know that so many trader tell me that the price will go up now. Still im not convinced. Guess i was burned too often with "it will go up for sure" until now. :) So whats the difference between all the people now claiming everything shows it will go up and the traders saying that you should sell when everyone claims it will go up and buy when its at the bottom.

Guess im really new at trading...  ::)

If 52 week EMA doesn't work then choose even longer one to make sure your thesis is backed. Old trick used by all gold bugs waiting for gold to rebound. And still waiting. They recently mentioned 400week ma. Why not?

No need for that - I can just fudge by a few pixels on one of the contact points and get whatever intersection is required.

That is another story with all the support cand resistance lines. Both fit perfectly fine once all is decided, but before the actual event it is down to granualarity of the charts. Few pixels do make a difference.

Agreed. The amount of investments and new companies popping up is exciting. At some point, the price can't help but follow :)

As far as i learned till now resistance lines and support are no lines, more an area... maybe it makes more sense to you then? :)

Well, what can I say? :P

"continued downtrend"

You have not proven anything right yet.

Stop patting yourself on the back and stop thinking your dick is huge... smh

What now? Is this drop temporary or is it falling now endless?

$220 was the all-in moment (after $160) and $220 will be the new all-in moment in a few days.


disclaimer: my last two buys were at $160 and $220

I think you are right there i just made the same prediction last post, next stop $220 then i will buy in properly or get scared and not buy back in until it climbs back to $300. All in on the 15th of march will be bad times ahead for awhile.

Funny how everyone is prepared to buy back at $220 now. Seems like a lot you guys have shorted BTC just now and wait for the price to go to those levels... Are you sure this will happen?

i am not short neither have i sold any of my stash. imo this would be foolish. chance/risk reward is not huge enough.

but there was/is to much bullishness in the forum to power a further price surge. this is why i think, we need a healthy correction. also i like, that we haven't reached the TA goals that have suggested the price to rise to the log resistance at $350. my target actually is not $220 exactly, but 200 to 240 and i positioned myself acordingly - for new buys. i haven't sold coins since the $160 price rise.

Ah alright. Yeah well, it's hard to distinguish between all-time-bears, trolls and people who legitimately try to gauge the chances of the price re-testing previous bottoms, these days :) Right now both, bears & bulls, can get burned pretty easily. Sometimes even both shortly after another.

Legit, I bought as much as possible this month, It has been a risking not buying since sub 350.

It definitely makes it easier to fudge with.

Hilarious how right after he posts this, the price takes a big dive. According to his chart, if you load new bars, it initially broke above the triangle, and now we get this dip.

Someone started posting about MACD confirmed green for weeks before Christmas, then we got a huge crash in January. I've been skeptical about MACD confirmed green posts ever since.

Looking at these day-to-day gyrations the conclusion is inevitable that bitcoin is still far away from being an investable asset for most people, let alone a unit of the account. However, by the time it would be, almost all appreciation would already occur. The dilemma is whether to take risk now when it goes up and down 10% a day, or later, when it will be safer, but with a limited appreciation potential.

I think we are just making a +/- wave around a positive trend line since the 160 bottom. We hit a high of the positive wave now we are shooting to a low of the wave.

What if I told you that it might *never* be a good unit of account, and that that wouldn't be a problem? Is gold a good unit of account? Speaking of which, is gold an invest-able asset for most people?

Fine. I am a bit tired of "whales" sinking the proverbial boat. Re gold-people could at least invest in gold ETF.
I heard a lot of verbiage in the last 12 mo, but don't see significant improvements in bitcoin economy, especially in the EASE of use.

We're getting there. GBTC is on its way, and COIN will be next.


Electrum 2.0 just added Trezor support; that's just one example off the top of my head that makes things easier for me to keep my bitcoins secure but still convenient to spend. This stuff is happening incrementally. It's still very early.