ltc is up 50% in the last month. btc will soon follow.

Bottom is in. Buy!

I think this bear market has brain washed many into a stance of : a capitulation bottom, long sideways, then end of the year bull run. What if everyone is wrong and we are at the bottom now, $3k was capitulation and we are going to resume the bull run in the next few months? I have a hard time believing the price action is going to play out like many think, just based on the fact that a large percentage think this is the way its going to happen. Retail drove last bull market, institutions will fuel the next. Be prepared imo.

$10k+ by the end of the year easy. i am not counting on bakkt rescuing the price of btc, but it can't be denied that there is plenty of interest by deep pockets or it just would have been ignored. i think the bull run this time will be fueled by scarcity.

Hello
who do you work with for escrow?

most are thinking/saying the price will go lower to under $3k then sideways for a year then bull run into the halving. i am a contrarian, and I think we go on a bull run next year. everyone is waiting for a capitulation bottom but we might have had it at $31xx.

ask yourself this: right now at $3850 would you fomo if we went up to $5k in one day?

I always wondered how much fiat is in the system backing bitcoin. I can't imagine it being dollar for dollar. Anyone have any ideas? I remember bear whale years ago selling 18000 btc for like $26 million on his sale on bitstamp and that was when bitcoin was $350. If a whale wanted to sell say 25000 coins now on say coinbase instead of otc would they have enough fiat to cover the sale of $100 million?

Nobody knows it could be. $6k could have been the bottom and $3k could have been the capitulation.

I think the next logical step for bitcoin going to the moon is the scarcity play. I think bakkt ans institutions will take a shit ton of coins off the open market for a long time. Then when fidelity launches that opens a slew of self directed iras. Rhat money has been inaccessible til now. I imagine there will be thousands of people buying just one coin in their ira fir future retirement. I know once i can use those funds i am going to be buying some coins in it. Just my 2c.

Geroge soros taking a position bill gates or a drunkenmiller or anyone of that stature can turn this bear market around on a dime. Everyone is forgetting this is going to be legit by institutional standards. All the other companies means nothing gemini coinbase custodial is 2nd rate. That is like comparing a company listed on the nasdaq with the pink sheets.Also up until now what is the largest amount of money anyone has ever heard of buying bitcoin? Probably tim drapers buys of the us marshall auction. Well there are going to be multiple buys like this every day. Everyone is fooling themselves that this isnt going to be a very big deal. This is actual delivery of said bitcoin no cash settlements and it will also be all public. No behind the scenes otc transactions which was all hearsay.
Go on yahoo finance and find a garbage stock and look up institutional holders of it. Pretty much every garbage stock has some holders like goldman, city, mutual funds etc no matter how much of a garbage company institutions/funds take positions. Bitcoin is way better everyone will take a position.

Bakkt is the game changer guys. Institution buys will be in the millions of dollars. Something bitcoin has never seen on the open market. Goldman sachs, chase, bank of america all the hedge funds are going to take some kind of position in bitcoin now that the obstacles and regulatory issues have been resolved. This is going to take quite a few coins out of circulation for a long time.

there are many holes in this article. if my memory serves me correct, he did buy at $12 but he cashed out at $1000 in 2013. he did not hold all his coins to $20k. he opened a business with his proceeds. so this article is a joke its just fud.

ive been thinking about bakkt, and I really like the way this is setting up. unlike the cboe and cme futures launch there isn't much hype about bakkt which I think is very positive. personally i think its going to be a game changer. A slew of new whales with the deepest pockets bitcoin has ever seen are going to be able to finally get in. their trades will be public information. And at this point right now they are all going to take a position, goldman, citi, boa all of them. why wouldnt they?  even if they are small positions its all going to add up as scarce as the float of bitcoin is. Many hedge funds/institutions dont get out of bed for deals less than $20 million. Even if they only allocate 1/2 of 1 % of some other miniscule amount of $$,  at the least to bitcoin or some kind of position. I can see $20 million dollar bitcoin buys. I would be in before bakkt goes live.

i agree and it is very sad that we have watched losses all year but bitcoin will go back up again. personally I blame it on ethereum and all the shitcoins diluting the crypto markets. all those coins are like cancer, they dont do anything unique or different than bitcoin. they just set the crypto world back years. all they did was take away money that would have gone into bitcoin. those coins will die and bitcoin will rise.

lot 1 .04

lot 1 .036BTC

when price goes above the 200 dma.
 I will give up some gains to know we are in bull territory I figure where the btc price is now and where many think it will go, by the time we hit bottom and consolidate the $6k 200dma now will probably be todays price.

agree. would have been nice to sit at $10k and everyone in the crypto world would have understood a 40% correction. people would have still been plowing money into bitcoin. now a whole generation of investors are lost due to whale greed. its actually very sad because so many more people, unlike the rise in 2013, got ass raped that they will be turned off to crypto for life.

good advice, almost like out of sight out of mind 
another good way to make sure you hodl and not panic sell is to buy an empty denarium coin and load your coins to that. so if you really want to spend your btc you have to peel the hologram its a deterrent that has worked for me.

you are very naive if you think that bitcoin price is purely determined by supply and demand especially in bitcoin or crypto. the miniscule amounts of bitcoin that the general public buys are or sells means absolutely NOTHING. your buy/sale of 1 or 10 or 50 bitcoins means nothing when you are talking about whales with 10's of thousands of coins at their disposal. if they have an agenda to dump the price or pump your buy/sale isnt going to get in their way. another way to look at it is on bitstamp for example, the total amount of coins on that exchange at any given time could be 20k coins trading back and forth between bots. there is a FINITE number of coins on each market. well if a whale owns 50% of those coins guess what? he determines where the price goes and the others who have 10 coins or 50 coins ride their coattails.
We are at a poker table and the whales have all the chips. They determine the price. Just like wall street, the institutions make the price. it has to look fair or come across as fair or no one would play.