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Did you see that? 6K BTC sell wall on Bitfinex at 6600$! Some desparate bear is losing it's patience lol
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It seems that the big whales are spending their last BTC reserves with the hope some FUD/news will help them to lower the price before the next bull rally. They are biting their nails nervously in the fear someone else will overtake them at the start of the race. At the same time the bulls are patiently waiting and probing with some bull traps whether the bear reserves are drained. If there is no bad news (China, Korea, etc.) in the coming days, I expect a strong bull run to 12K in 2-3 weeks. If we break that resistance, the next is 15K. The last, and the toughest is 17K, but it seems too far to think about it now  |
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I don't think there is any panic in the market.  Everyone is realizing that some whale is selling desparately with the hope to convince the traders there is absolutely positively no manipulation. So far utter disaster for him/her. The volume is so low that probably with the exception of this whale no one is selling. Hodlers can't be tricked so easily. The next halvening is at the corner and even if the price falls temporarily under 7K, in less than 2 years the traders will start to buy in preparation of the halvening. After that the pressure on the price will be much lighter (only 900 BTC per day, vs 1800 now) and for another 1-2 years BTC will be heading to 50-100K. But let's see what the bulls are preparing for this April. This whale is risking unwisely to be left behind with hudreds of millions loss, if we have a continuous upward trend like in April and May 2017. |
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Just a warning to everyone that reads our forum: This thread is infested by traders dreaming to buy at 2-3K. The desparate trolls are posting on each page with the hope to influence the market. The truth is that there are many hodling thousands of bitcoins that are not going to sell them at the current prices. The professional traders look at the ROI price for the miners and see it as the bottom. Currently this is in the 7K-8K range. With the new mining devices the profit will decrease, so even before the halvening, the BTC price will climb significantly. Moreover, recall that in Jan-March 2017 the price oscillated in the 800-1200$ range. This year is the same old story, only that BTC added another 0: 8K-12K. Don't trust the bear trolls! They know BTC will add another 0 in the coming years (may be months) to the price. These guys are pretending to be successful traders but 99% of them are complete failures. They just spread FUD with the hope to turn the few bucks (left from the altcoins fiasco) to millions, buying as low as possible! All this is just "food for thought" for the noobs who believe Tera and co are sincere in their 'realistic predictions'.
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Can someone with a shotgun kill the duck, please?  |
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Ok this one was way off but sort of illustrates the point. We don't need trolls/fudsters when we have one respected bear to tell us 3 times a page that BTC will go down to 3K. During the tether panic/gox dump, BTC dropped for several minutes to 6k and then quickly gained 50%. Even if it does stay low longer, it will recover stronger and test new ATH's. It seems that everybody is forgetting that thousands new holders are entering each day, while the supply is increasing very slowly, and that the next halvening is coming soon. I am sorry for your illness, but it seems you are still obsessed by losing-it-all nightmares. |
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Jan, Feb, March 2017 - oscillating between 800 and 1200$. April, May, June 2017 - jump to 3000$. Jan, Feb, March 2018 - oscillating between 8000 and 12000$. April, May, June 2018 - jump to 30000$? Don't forget that all bears tend to turn magically into bulls from time to time. Especially when they feel the market is in the desperation phase. |
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I sense a disturbance in the blockchain.
I have a feeling we're setting up for moonshot this week.
Strangely i feel this disturbance also. From weeks of feeling fud, there is suddenly a feeling of calmness / optimism in my mood. Its also been awhile since tether printed anything from a high of $100million + per week not so long ago. No one wants a tether pump of course but if it happens, i feel the timing is right There is no need for new tethers for now. During the tether FUD, crypto was converted for half a billion tethers. A quarter of a billion of the tethers went back to Bitfinex during the pump to 11.8K. Now a quarter of a billion remains (see https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw&page=1) that will go for another pump (13-15K). The last bear attempt was very dissapointing for them, clearly no one is willing to sell below 9K anymore. This is good and the new bull run is about to start soon. Edit: While I was writing the post BTC jumped form 9.68 to 10K! |
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But this time is like a non-event About price: how long until Batman pattern will be followed by that of Superman? From what I read on twitter shorts are rekt. They hoped for the price to fall below 9K. This is not happening for now, so they are forced to buy at the same levels 9.5K-ish they sold. The next week I expect some upward movement which may be extended in the week after that up to 15K range. If bears want to cause more than 20% drop they will need volume which is clearly lacking right now. From 15K they can try to retrace to 12K and if lucky to 10K. Anyway, everyone has an interest that the lows are getting higher and higher, so the next ATH remains possible this year. |
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Stocks down. Gold down. Silver down. Alts down. Bitcoin up. Cockr0ach posts up. Doom is coming:  |
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r0ach looking at the 10K price of BTC  |
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So ...
Some asshole tanked the price right before 10k?
That's the spirit ...
2k BTC was sold in 5 mins on bitfinex and simultaneously 2k dissapeared from the 5k wall at 11K price. Probably the same asshole. But the loss is his, not ours. BTC must consolidate first around 9600 before the next leg to 10K and beyond. |
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The issue in my opinion is all crypto ETFs should be crypto (as opposed to fiat) backed.
Valueless tokens backed by other valueless tokens? Yea, that sounds like a great monetary system. You people are high on your own koolaid now. You're typing illogical nonsense to try and deceive 90yr old retirees into buying your valueless tokens and started believing your own lies. It's going to be hilarious when silver and gold obliterate these things and all the imaginary, valueless tokens implode to nothing. What is silver backed by? What kind of idiotic question is that? "Backing" means you're holding a fucking IOU. If you have a physical commodity money, you have removed middlemen and counterparty risk and are not dealing in worthless IOUs. Bitcoin on the other hand is just a centralized, permissioned ledger with built-in middlemen and doesn't remove counterparty risk. It's like willingly admitting yourself into a prison where you have to bribe the transaction validators in order to spend your own funds. Since it's non-fungible, the govt can then just declare you an enemy of the state and bar you from transacting at all. Good job willingly entering yourself into a digital prison cucks! There's still counterparty risk involved if you consider the possibility of either the cost of synthesizing silver dropping significantly or silver becoming worthless due to the emergence of a better material in the future. And if you believe that this risk is nil you're deluding yourself. The number of r0ach posts is straight proportional to the rise of BTC price. It must be painful for him to see how much he could have profited if he didn't make that horrid decision to get into the heavily manipulated by the governments metals market. Now he can only grind teeth in despair and caress his 'priceless' silver lumps under his pillow. |
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Huge wall on 11000.
Fine.... one thing at a time? lol This wall has been there for 3 days at least. Btw, a hidden wall of 1K BTC was eaten at 8999.6 on Bitfinex. |
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I rose the price $400 with one train pic. Just imagine if we all started posting train pics.
 i am willing to give it a try. let's see if this leads to another leg up. Let's hope... unless some bear breaks it up. These beasts are hard to kill;D   |
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Each Sunday at Bitfinex we have 15% drop, caused by 13-15K BTC sold more than bought. Who are these guys: miners, corporate accounts playing with lending/margin trading? Why they sell always on Sunday/Monday in the last months? I read a post in twitter that corporate accounts will be closed soon. May be this is the cancer that stops the bull runs.
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