Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped. lets make up a new term. call it, V shaped TA trap. |
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I don't think the Bitcoin naysayers understand the massive financial/currency/asset markets that exist *now.
In real terms, Bitcoin has not even dipped its tiny toe into the global financial pool. When it does, you'll be
kicking yourself at how cheap $600 per Bitcoin was. Bitcoin will probably be trading as mBTC and one millibitcoin
will be worth $100.00.
we all know this, this is what makes it hard to sell the tiniest amounts of bitcoin even after a 1000% jump |
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worst case scenario we paint a cup and handle.
buy with me at the bottom of the cup
don't worry i will be yelling loud and clear when its time to buy.
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man i better get busy with those faucets! hahaa  ch00000000 ch000000000000 m0th0rf0ock0rz!!!!!!!!!11!!!!! is right! wowzers! in 2012 goat was on a boat in 2014 goat will be on a spaceship?  |
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I bet after reading through the thread the OP will be none the more wiser no but everyone seem to be getting it right. HOLD! your position. whats the worst that can happen.... |
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i freaked out and sold a large portion of my coins around $600, suspecting the price would continue to oscillate between $400-700 for a couple weeks... (i know)
do I
A) wait it out hoping for a better price to get back in
B) take a loss and buy back in at $750
C) ??
thanks guys
Where do you think bitcoin will be in 2 years? everywhere |
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Ripple is based on trust. it will fail.
All transactions are based on trust. Since mankind first began bartering. after 6 confermation i dont give a shit if your a scammer, ill give you the PPUSD |
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There's honestly no reason to be bearish on Bitcoin, for any reason, except the centralization of Bitcoin. (Which seems they are proposing) The only thing required to overcome the 1mb limit and maintain it, is to increase off blockchain transactions. This is what Ripple is for and will allow Bitcoin transactions with virtually no limit.
Though Ripple is centralized - does this not beat the purpose of Bitcoin entirely? In essence we'll have created a commodity like gold, but NOT a currency. Even if Ripple were centralized, which it's not, it doesn't defeat the purpose at all. Because the Ripple protocol is about transactions, not storing Bitcoins with no counter-party risk. If you buy a Gyft card, you have to send BTC to Bitpay, a centralized company. Is that an issue for you? Using Ripple gateways is the same as this or any exchange. Frankly at this point, it's not worth spelling out further because soon most consumers will be utilizing the Ripple network and won't even know it. The point in my original comment was, there's already a working protocol that solves this. That's why diehard Bitcoiners created Ripple, they knew the limitation of the Bitcoin payment network. So, 7tps is not a reason to be bearish, centralization by the Bitcoin devs, would be however. Ripple is based on trust. it will fail. |
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do what i do.
wait.
if you get run over by the market
be rich!
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i cant wait for a store to accept bitcoin in montreal
i have many $$ sitting there waiting to be spent using bitcoin.
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Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on
this is stupid. just stupid. your stupid. i dont feel like explaining to you why your stupid. |
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i'm like a bitcoin profit or somthing. subscribe to bitmovements |
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price held up while i was sleeping its going to 3000$ boys, and it won't stop there... sell your gold! i read the wsj article where someone valued his 8 BTC as 8 MILLION by next November!!!  ..needless to say i'm holding to $10,000+ lol WTF???  Link or it didn't happen. i value the remainder of my stash at infinity. i will spend it wisely last night i sold, today price is up, lol typical.... |
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price held up while i was sleeping its going to 3000$ boys, and it won't stop there... sell your gold! |
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This seems like returning to the normal. Everybody: continue being rich!
we can never return back to normal. its over man, bitcoin is the future. |
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Anyone wondering whether this is just the shoulder?
I didn't until I saw the post from a month ago about how the price was gonna pass 200 then ramp up
i think what bitcoin dose next will surprise everyone. but .... look look! i'm rich!  |
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