Regardless of the 2013 incident we still know with high certainty that Bitcoin will go up eventually

Bitcoin is like a rocket .... it goes up falls down ... ignites the next stage and goes up again ....

Soon we will drift out of orbit

Selling your belongings to buy Bitcoin isn't investing but gambling.
But YES invest in Bitcoin and don't gamble on it 

That and everyone is responsible for their own analysis and actions.

hahahaha

Why risk so much when long time HODL'ing is a stress free make certain money strategy.
You get greedy = you lose.

Every panic Bitcoin get s distributed more evenly... the effects will diminish.
Pump & dump and Market Manipulations will get harder and harder.

+1

MOST say they will buy at 10K. This means people will try and get ahead of the crowd. 11k to 12.5k seems to be the bottom.

I remember feeling crappy about buying at $90 or $290.

A year from now you will be thinking .... hmmmzz why didn't I buy dem cheap <15k coinz.

For now we only know bitcoin is going up...

It was a fun thread for as long as it lasted 

It looks like Bitcoin is going up.....

however....

my experience says we should first get another dump lower than the previous dump.... hope not but I'm ready for it.

Bitcoin is backed by work just as all currencies are.

Yes but we have also gone down in the last days.
20k will come soon but not within a few days

There are enough people that believe in Bitcoin .... I always wonder why people come here to tell us it's doomed.... somehow they need to come over and convince us .... Why? Missed the boat? 

Bitstamp and Bitfinex prices are close together... this is a good sign of stability.
Upwards push will hopefully get us back to 15k soon and hopefully keep us on a nice steady slow rise.

Looking at the past I would expect another possible drop to 10k before full recovery. However we cannot predict Bitcoin

Ever tried getting money into and out of exchanges?

You cannot sign up with BitFinex due to DDos etc.
You need to transport between exchanges. Doing this in $$$ this will require validation and bank transactions.
Also you will have withdrawl and transaction fees.

Creating a loop is possible if coins allow for it
Example: Exchange A - buy BTC convert to LTC. Move LTC to B and convert to BTC. Move BTC to A and covert to LTC... etc.

Don't worry!


This is my version of how it works after being here for > 4 years



Crazy people enter with crazy money.
Big whales artificially push down the price.
People get worried and sell with a loss.

... and now what will probably happen ...

Price will increase.
Few who stayed think they are winners and buy more.
Whales push down price to even lower low.
Even more people will now sell with a loss.
Price will stay low for a longer period aswell.
People think Bitcoin cannot recovers....
Most people cannot sustain the lower prices because they need the money.
The price recovers and gets ready for the next leg upwards.

Triangle formation. Hopefully we will break out but you are right, there is a barrier between 14200 and 14800.

For now we will ping pong between 12800 and 14200. Tomorrow we will arrive at the breakout point at approx 13600 and see what happens

I was merely reacting to the stupid post from the future they were talking about. It's not my post.
I was extrapolation the calculation to show that it is not an intelligent prediction and frankly insane if you look at it in the long run.
AGAIN It's not MY prediction.

As btcone111 says we will only get these values if the dollar hyperinflates.

My sarcasm failed....  

Fundamental analysis is useless, nobody knows where this puppy is going. For he long term it is safe to say we are going up
Research is futile, so much bullshit is being sold.

I'm a HODLer, trading in this market will get you caught off guard and kill your investment.

TIP 1: Don't be greedy. Don't day trade

Actually I can say the following which is actually something in the lines of Warren Buffetts advice.
When people are barging to get in you must leave or HODL through the period.
When people are running for the exit you should buy more or HODL.
If you do what everyone does you will be just as big a bagholder as them.

TIP 2: Don't follow the so-called experts.

That said see this as a lottery ticket. I put in 5k and I have an exit goal.
The exit goal is a specific time or an amount, whichever comes first.

TIP 3: Firmly believe you have lost all your money (even if it is becoming a bigass pile of 5/6/7-digit dollars), it is no longer something you should feel emotions about.


As for day-trading (been there, done that, got the scars). Things happen quick and hard in Bitcoin.

TIP 4: Don't use a stop loss. You WILL get caught out.
TIP 5: Watch out with leverage. You WILL get caught out.
TIP 6: Watch out with going short. You WILL get caught out.
TIP 7: Best thing to trade on are anomalies. Where the price dips 20% in an instance. Grab the coins, wait for the correction, sell with profit.

That said the best of luck