Is the trend now still going up? What about its price correction, when will bitcoin correct its price?
At this point the trend is still up, but we're close to a point where things might become very interesting. In case we do manage to break through $20,000 in the coming days, perhaps weeks, we'll see the rush continue to extend further. If we remain below $20,000 for a while, we'll likely experience a short term decline. How far we'll decline remains to be seen since it depends on how much panic there will be, whether or not deep pocket entities are looking to pool their efforts together to get the market to sink as deep as possible to shake off weak hands, etc. If you're not a trader, then just keep holding through all this, because everything that happens is nothing more than a short term occurrence. Good point. Getting to $20K and maintaining at its level is 2 different things. Because $20K is the new mental barrier for most traders, such barrier that they will might immediately jump at it and cash it out for easy profit causing the price to go down at significant levels. There are a lot of manipulators still, and we don't know what they will go once the price goes to $20K. So yeah, holding is the only logical thing to do if you can't buy at this range. And then try to observe the trend. If you really think that its best for you to cash it out when it goes to $20K then by all means dump a few and enjoy your profits this Christmas holidays. |
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Is there anyone over here think that Golden State Warriors are overrated with there big 3MVP ? They just can't do much on the Lakers for today even win with a close score.
No, they are no overrated, the only reason why they cannot dominate the Lakers because they do not have a complete line up today. Curry and Green was out I believe, and also you cannot underestimate the Lakers, they have been playing very well at home, the last time they played it also went to OT and curry played that time. How can you call them underrated when they already shows that's there's no issue with their MVP? Then already got a ring last year. It's just this year they are not getting all the breaks. And teams do sometimes looks like that. Every other great teams in the past like Lakers, Bulls and Celtics and even Miami. The problem arises when they can't get out of the slump, but they have been there, they know what to do specially when they backs is against the well. I predict that their form will be back when we are getting closer to the playoffs. But now its too early to say that they are underrated. |
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Gambling addiction is somehow a way of life by others. Its part of their daily routine. They tend to make it as their livelihood or leisure. I am not against it. Its their right. However, if it will compromise other's lives then that's the problem. They must be responsible of doing so and they must know the consequences and possibilities either positive or negative that may affect or effect.
So it really depends on your background and your upbringing I guess. Because most people who have been addicted has one time or another has crossed with a gambling addict as well, which is usually in his inner circles of families and friends. But I know that we all have choices, we can either stay away from it, or be addicted. That's why for others growing it, they find it as a way of life because they can hear and see all around him at a young age gambling. I myself was in that situation, my father is addicted to gambling and as far as I can remember. And when I grow up, we both became addicted and betting together. But that was long time ago, he already passed away like 10 years ago, I was able to control and mend my ways now. |
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It's really impossible for bitcoin to drop .89 cents, I can't think of a scenario that will make the market crash to unbelievable proportions that you have describe. Even if Trump, will ban bitcoin to that effect if won't go down that fast. And you need to understand that there are buyers who are waiting in line, willing to buy for every price correction. Who wouldn't love to buy it if the price go down by at least 50%? EVERYONE As far as bitcoin going to $2.5m, then all of us will be rich, sky's the limit. Anything you want to buy, you can get it. I will probably just re-invest it in real state property. Would love to buy several apartments and have it rented. Easy to maintain, no stress. You are just waiting like monthly to get paid. Simple as that. |
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Btctalk name: Baofeng
Rank: Sr Member
Current post count: 869
bustadice Name: Baofeng
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Well if he issues this statement really, then this is a bold move coming from a leader who's nation is very controversial. But I have to disagree with him. Crypto will not make banks obsolete. It can't. What I'm seeing is that banks will not to appreciate bitcoin, but will be very interested behind the technology, - Blockchain.
And I think he also see's bitcoin as bubble. Everyone is really thinking the same. Bubble or not. Bitcoin is really here to stay for good. Specially that lots of institutional firms are getting into the act of accepting and offering bitcoin future contracts that solidifies bitcoin or crypto staying power in the public.
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Everybody thinks, that Bitcoin is "to the moon"-only asset?  Nope I tend to agree with the analysis you put forth in your first post and I too think there will be a similar correction. I thought however it would already have begun by now but I think perhaps it is waiting on the CME launch of futures which I believe is the bigger set. Will be interesting to see what happens after Dec 18th I know I am ready for either direction. Agreed. We should look after Dec 18. Bitcoin has been consistently settling around $16K-$17K lately after CBOE bitcoin future contracts. So it would be really interesting to see if this can be maintained after Dec 18 or a price correction or even crash will happened. Let's see how it goes. But personally, I think that all this futures contracts seems to lessen the volatility of the market. If you have noticed it. lately there's no wild price swings, it will always stays at the range of $16K-$17K at the end of the day. So me thinks that this is cause by those financial institutions getting into bitcoin now. |
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After the continuous price rise for long, bitcoin is somewhat stabilizing now and we can see some dips now, I think that whenever the price goes little low it is a good time to buy since the growth of bitcoin won't be stopped, it is having a bright future and those who are buying and holding it will be rewarded more.
It is settling around $16k-$17K nicely. However, I can't buy at this price, I would just rather hold my coins and see where it goes. Just maybe if the price goes down a little, I might have some extra cash to get into the market once again. But I'm happy seeing the price at this range and maybe at the end of the year, $20K is still possible. But I wouldn't mind so really see the price going above $10K in 2017. Its already above 1000% growth for this year alone, which could be considered as a major milestone for all us of holders and investors. |
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Jordan Belfort aka wolf of wall street had an interview on CNN where he was talking about why bitcoin and all the cryptocurrency are just a bubble that is gonna burst and warned everyone of the risk of investing in it. the video : https://www.youtube.com/watch?v=hsaU4-AUW2YIs this totally a new video? Didn't click the link. He already bashed bitcoin last month if I'm not mistaken that's why I'm asking if this is a new video, otherwise I already read what he says about bitcoin. Haven't he heard that there are a lot of institutional investment firm getting into the act lately? I guess everyone really wants to open their mouth and say something about bitcoin to attract media attention. Bitcoin is gaining popular by the day, and if you want to be relevant, just talk about bitcoin and I'm sure that you will get the needed attention you are looking. |
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In my book, the changes will just on the financial side of everyone. So for me it will not change everything. But the changes that we are going to experience will lead to a better life because bitcoin has given us opportunity to earn money. The beauty of it is that it given everyone a equal opportunity. How many out there have no regular jobs and turn into bitcoin to survived? A lot.
But as far as going to 1 million, well we could get to it, but its gonna be a long road before getting there. Its not gonna be easy road and let us be realistic, we may never see it happen in our lifetime.
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Right now the price is $17K, that's about $8K away from the goal of $25K. So I think we are getting closer and closer. I would assumed that around mid 2018 this price could be cross.
The effect of this financial institutions are looking good. NASDAQ has said that they will likely do the same bitcoin futures contracts in Q2 2018. This alone could push the price above $20K around the first quarter and once we get close to the date when Nasdaq open its doors, its gonna be madness again. FOMO will set in once more and just maybe $25K will be just around the corner then.
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What do you think should be done?
These days bitcoins are not given directly in campaign but tokens are given and very less campaign give bitcoins purely.
What would you do?campaign or trading?
What should be done? Are you just here to earn from signature campaign alone? If you answer is YES then with the current state of campaigns right now, its better to do trading. That's why I thank the guys who advises here that signature campaign is just a "stepping stone", once who earn from it, used your savings and earning and learn trading because signature campaign can't be a good source of income if that's what you see in signature campaign. Well you can do bounties and earn tokens which can be head start for you in the trading world. You will learn you sell your coins and that's a good experience to a beginner. But just don't rely on signature campaign, look for alternatives to earn bitcoin or ethereum. |
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I wouldn't be surprised if NoKor is engaging in bitcoin mining. There's so much money involved and to profit from it, and than alone could be the main goal of Kim. Another reason that I can think of is that with bitcoin mining, they can go around with the trade embargo US and the West has on them. They can just exchange the money they profited from mining and help them be self sufficient.
About a month ago, there was news that a group of hackers are targeting South Korean's trading platform to stole. So I'm sure that they are really in bitcoin right now, either mining, and or hacking and stealing. They are desperate, and we all know what a desperate person (nation) will do in order to survived.
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Join Form: Signature campaign Bitcointalk username: Baofeng Account URL: https://bitcointalk.org/index.php?action=profile;u=984384Rank: Sr Member Starting post Count: 857 Date of Join: Dec 10, 2017 Bitcoin address: 15HqMP4KRM93Bs23Lf9THt7uWZfQrymrFp ETH address: 0x1E32bA31f5012E7675C17Ae98eACd703D876E7aC Edit:Day 1: Post Count : 859 Day 2: Post Count: 861 Day 3: Post Count: 863 Day 4: Post Count: 865 Day 5: Post Count: 867 . Day 30:
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Btctalk name: Baofeng
Rank: Sr Member
Current post count: 858
BTC Address: 15HqMP4KRM93Bs23Lf9THt7uWZfQrymrFp
Wear appropriate signature: Yes
Wear avatar: Yes
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No problem and thanks for the quick response.
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I am not sure that this section is right to post my thread . my question is : since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network . If this is real news then the value of the bitcoin will go down speedly It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit what's your thought guys  I didn't read about the unlimited generation of bitcoins but if that is true then yeah i also think that the price would stop increasing at some point and there will not be rapid increase in price like its happening now. But,I just read about this topic and there is still no news about unlimited generation . So, please post the link where you read this. The OP posted this back in March, I think this is in the middle of the scaling debate, and I think somewhere there is a lost in translation here. Maybe what he read is another FUD created to wreck havoc on investors mind to dump their bitcoins. But for sanity's sake, this is not true, bitcoin has limited supply of 21M and there's a total of more than 16M already in circulation. And if you look at the price is not going down but the opposite is happening. Bitcoin reaching another all-time-high. I think by now the OP has already ranked up and already knows that his believed is not true at all. And for those who have read this thread should not be believed on such statement but do their own research. |
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