I really admire the stoic nature of you hodlers. Hardened veterans all.
We are just the CORE hodlers in here You know, it is impossible to create an asset such that every one makes profit indefinitely. Those who hodl BTC for years always make profit on behalf of those who follow the daily trend. BTC growth is way more predictable than any fiat or precios metals which nobody knows what the supply and demand will be in the future. So, most probably metals (poor r0ach lol) will go nowhere in 10 years, while BTC will have 2 halvings+many coins lost+mass adoption+institutional investors (ETF or no ETF Wall Street will find a way to enter the real market). For that reason the best strategy is to accumulate and hodl like a deposit in a bank with a guaranteed interest of 10x (most probably >30x in 10 years). Of course this exponential growth will stop one day, but I am absolutely positively sure it is not today, nor any day in the coming months (unless we jump to 300K which is not credible). I believe that we are in another cycle like the previous 10$-2$; 100$-20$; 1000$-200$. I guess we will have another cycles like 50K-15K, 100K-30K in the coming 10 years. Let's keep our health and we will see it for sure! |
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So, I see the gap between exchanges is almost closed (a tiny bit over 1% - not enough for arbitrage trades). The multiple whiplashes from this week and even today show that BTC is heavily underpriced currently. Every bull run starts from somewhere. Bears, be aware, the bulls are coming!   |
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Watching Bitcoin price these days:  |
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Waiting for my salary (next week) so that I can buy moar:  |
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Forum Suggestion (theymos I hope you are watching): Merits should have a period to mature. Say 24 or 48 hours. After that period they become spendable. If before that period of maturity is over, the one who gave the merit reconsiders for any given reason (i.e. the merited says something like "I haven's seen The Big Lebowski"), then by pressing the un-merit button the given merit would be reversed back to the original owner. Is this a blockchain forum or what?  # Ok, fuck it. I will tonight  Saved by the bell  Lol you deserve one for this post. I’m out of sMerit though Man I’m bored!   |
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We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.
I hope you’re all buying whilst the price is this low gentlemen!
Now is definitely the time to buy. Think of it this way - Let’s say you have $10,000 in a fiat savings account. It will earn maybe 2% interest per year (if you’re lucky). There are good & bad times to buy bitcoin. Buying at what seems like the bottom or at least close to the bottom of a cycle after a new ATH it definitely a good time. Let’s say you put half of that $10,000 into bitcoin now. I think it’s safe to assume that you’re very, very likely to see that money outperform your fiat savings account by a big % 12-18 months from now. of actual increase on top of the 10K, what country, planet are you from..... we have to pay for having a bank account, and probably the time will come we have to pay, to may save money on a/that bank account  I am getting %3 (after taxes) for my usd here in Turkey. There are banks giving more than 4.5% for USD. 2.5% for Euro. One of few advantages living in a corrupted country. It is still a risky investment though i am quite happy with the returns especially for a shit investment like this. I am getting around 200 usd/month just from interest and buying crypto with it. Feels quite good. :d In 2017 if you bought BTC at $700 you had almost 30x profit. How is 4% interest better than that?!? In 2019 and 2020 BTC will make at least 5x profit starting with the current prices. So for me there is no point keeping deposits in banks for interest. I also had 4.5% interest but widthdrew all of it to buy bitcoins in the Summer of 2017. |
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Ouch! Some bear got burned!  |
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I don't know how the traders manage to sustain for so long the gap of 4-5% in various exchanges. Now it is down to 1-2% but it will probably increase again when the price jumps. I think that one of the reasons for the regular drops is the arbitrage made by bots. Some say that the exchange owners are artificially doing this. Of course, the closing of the gap is not enough for a several months bull run, but it is a necessary condition IMO.
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Today's (last?!?) attempt of a bear to cause panic:  Some hungry skinny bear hit 2 times sold in total 4% down. Number of traders following the trend: 0. Gains in term of bitcoins: a negative number. Good luck with the next attempts (a hint for shorters: before opening a short position, take a look at the bids in coinbase, bitstamp and bitfinex, and the total number of shorts - not the best time for a sell). |
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Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that!  I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2 BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2 BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make to 30K-40K range by then. We shall see. I don’t think anybody here criticises fellow WO posters for increasing their stash no matter how big or small it is. Lots have more BTC than you but I guarantee lots have less too. Keep buying & we will be rewarded. Congrats to you on the sale & soon to increase your HODL pile Weeeeeee! I just bought 1.163 BTC! Weeeeeee! |
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Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that! I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2 BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2 BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make it to 30K-40K range by then. We shall see. |
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Judging how many times last year bitcoin rebounded from 6K, I am convinced that 3K won't give up easily without fight. We may see some bear(s) try to bring it below 3K but even if they succeed it won't last long. And the halving is near, so no point in selling this year. As for me, I got some very good news today. A couple of weeks ago appeared a buyer for some inherited land. I expected the price max $2200, but today we agreed on the price $4200. It remains that some details for the deal to be legalized and in 3 days the money will be in my bank account. Then I will buy with all of it bitcoins, no matter the price. I already bought last month over 0.5 BTC, so I don't mind this one year pseudo bear market (I know the whales want my bitcoins but I flip them off). Fingers crossed all goes well! |
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I am not good at guessing, so what the hell - let it be $8055. Thanks Mic for you generous bullish games!
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Double ladder all closed. The short side also brought some fruits - 0.8% total. Taking a little pause now.
LISTEN TO MY LIPS ===> $25OO BTCCOINS INKOMING' SOON WEEEEEEEEEEE eeeuhm eeuhhhm  i suppose your the one with the tattoo's and i'm coming from the rear Haha, hilarious! I love this movie! gembitz and r0ach are so pathetic - each time bitcoin has a small dip, they feel happy for being a nocoiners and flood the WO with their delusional BS. The moment bitcoin starts to rise, they dissapear like a flushed shit ----->  |
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May be CW is dumping his bitcoins to try another pump of his S(V)hit, which is steadily heading towards 0 Or the usual bitmex manipulators - open short, sell on stamp; open long, buy on stamp - bart is their child  But somehow, the crooks can't always win. In the end, they get what they deserve (e.g. R. Ver and J. Wu with their flippening... errr, where is bcash now? that's right - ded forever!) The good news is that crooks always lose all their money, while those who patiently accumulate during the sideways breaks, will win the real profit. Honestly, the whales can't scare me with their dumps, nor the trolls with their going to 0 talks. I can always sell the car or other stuff and buy cheap bitcoins. And let the stupid n00bs buy my bitcoins one day above $30K, because they are so smart and sell in bear market and buy in bull market (buy high, sell low ) |
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1000 BTC sell wall on Finex at 4079.. was being eaten so it was pulled. Hmmm, may be going up. Someone really wants the price lower. Hopefully all the weak people already dumped in the low 3k's.
Earlier today I noticed that someone was hitting the sell button multiple times from the local peak of 4160 on Bitfinex. This is not the first time for me to recongize a single seller, rather than multiple simultenous sells. It was at first like a gut feeling, but now it is seen clearly that someone with >3000 (may be >10K) bitcoins is satisfied with this price and is impatient to sell. Same ol' same ol'. It happened so many times in 2018, the worst of which was the insane selling of fake Satoshi (CW) to pump his pathetic shitcoin. I really don't understand these people. If I was an early adopter/investor/miner with thousands of bitcoins, I would never sell for 80% less from the last ATH! This shows weak hands and lack of belief in the future of the king of all decentralized money. Of course, I know that there are miners who have to pay for their electricity bills, margin and futures shorters, etc. All this combined with the lack of good news (ETF) brought us here. But all this will not be enough to hold the price after the next halving, even without ETF. In fact, an early approval in 2019 can cause a pump and dump like in Dec 2017. It will be best if sometime after the next halving when staying at least 1 year well above 10K, the ETF be approved. Then we may witness prices which seem somewhat unrealistic now (100K party, cough, cough ) I don't know for you, but I would like to see and enjoy those flickering ATH's signs everywhere and every day with all my stash intact! (I miss them so much that I am almost tempted to post one of those now ) |
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patience! this looks like a healthy pullback and i think we're on the tail end of it. in fact, now i'm regretting not guessing higher. i think my guess will be near the top of the first leg up, in the next week or two. too bad bakkt didn't just launch. BAKKT launch date is set to 24 of January, 2019 but believe me i am not sure whether it will launch on the said date or not. There are many news or you can say Fud that BAKKT will delay its launch again so that bitcoin can dump more and BAKKT can buy more bitcoins in less prices. . they're not launching a physically-backed ETF. they'll have a digital "vault" that bitcoin owners will deposit into, and that will back bakkt's future contracts. i believe approval was delayed because of the holidays and CFTC procedure. it definitely won't be launched by january 24th now because the CFTC hasn't even begun the 30-day public comment period yet. Can you provide a source for such a (FUD) claim? Even their official site says otherwise, not to mention countless other sites (WSJ amongst them). https://www.bakkt.com/indexBakkt is designed to enable consumers and institutions to seamlessly buy, sell, store and spend digital assets. Formed with the purpose of bringing trust, efficiency and commerce to digital assets, Bakkt seeks to develop open technology to connect existing market and merchant infrastructure to the blockchain. |
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