What bothers me is we are getting well ahead of schedule. We shouldn't be into $3k before January.
We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm. Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up. I hope you are correct Hope is for church... Here i.r.l. we do facts...  and how are the current facts treating you? |
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Mainstream media are now reporting clickbaity articles about how "Jamie Dimon, Warren Buffet and Bill Gates were all right" (but they don't mention the 99% of times they are wrong).
The average moonboy idiot that bought because he saw how "this Bitcoin thing is going to the moon" on CNBC back then are also claiming "Bitcoin is dead" and "the dream is over". Most of these guys may have been shaken out of the market now.
Im still hoping for $3k prices but the fact that pretty much everyone that must be bearish for the market to bottom is pretty much bearish already, feels as if we have bottomed or we are really close (again perhaps after that final sharp dip with a fast correction which is how Bitcoin has always bottomed historically)
Bitcoin historically bottoms with a final sharp dip followed by a massive rebound. There was no rebound this time; we're just consolidating at the lows. No classic bottom to be seen here.  Not sure what you are referring to. here is the 2015 final dip. https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20141025&end=20150124Where is the "sharp rebound"? BTW 4000 to 4500-4600 is basically an equivalent. Not quite. 19% on Bitstamp or 46% on Bitfinex was a good deal stronger off the lows in 2015. But the point was more about how this time, we immediately went back to consolidating at the lows. At the 2015 bottom, we immediately trended upwards for weeks. This time, we were bleeding back near $4,000 within 24 hours. It was obvious we were heading lower. And here we are, hitting $3,600 now...... The question is what does it mean? is all buyer demand completely gone? will it return? |
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Trying to time the bottom is not smart. Those calling for 2k prices will most likely be left behind and won't buy until the bulls come back and the fomo kicks in. Always cost average.
Also for the married guys, lol. Who the F#$@ gets married.?
In 2015 it didn't matter if you bought at $150 or $300 provided you hodled. There were "experts" advising waiting untill double digits before buying. Buying in at today's price is better than buying in at $20000. Yeah this is the way I look at it. excluding trading, I will be hodling like always and buying more every payday. The more we go down in price the bigger my btc purchases are with the same amount of fiat. |
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How is Bitcoin going to climb back up to its glory days? Unless we have some sort of MAJOR news about Bitcoin, I kind of don't see a second hype. Getting back to the top might take years without any hype.... I mean basically when it becomes almost unmineable, or we reach the cap then we will start to see a somewhat linear steady rise. We are losing the hype, people.... What do
to be fair, nothing made the price go up in 2015/16. It just kind of started happening, I remember not believing in it at the time, kept on thinking it would go back down. |
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below 3638
a lot of coins being bought here though
possibly the same amount that are being sold? exactly, but, price not moving so lots being bought at this level. |
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any guesses for when this thing hits 2000s?
Edit: bounce bitch, bounce!
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below 3638
a lot of coins being bought here though
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What bothers me is we are getting well ahead of schedule. We shouldn't be into $3k before January.
We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm. Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up. I hope you are correct |
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$3638 on Bitstamp is the bottom of my little triangle. If we break that on Bitstamp, good chance all hell will break loose again.
doesn't look good |
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What bothers me is we are getting well ahead of schedule. We shouldn't be into $3k before January.
whats bothering me is the lack of any bounces for months now, flat or down, that seems to be it. |
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4k bitcoin buy wall on Bitfinex at $3,500. All past experience indicates that whoever is trying to drop the price wants it to crash below $3,500.  This is not cool. looks like we'll be getting down there soon |
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According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.
It is very hard to quickly turn around an aircraft carrier sailing at 30 knots. Not impossible but very hard. Yeah, I'm not really seeing any bounce happening for a while, the order book on the sell side was very thin a couple hours ago and nothing no bounce. Seems no one has any money or incentive to buy at this price. |
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bitcoinwisdom, for stamp is saying 2000 coins bought price goes up 40%. 2000 sold goes down 5%. anyone want to buy 2000 coins?
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order book on stamp is looking a little skewed.
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Hey Hairy, This fits, I think we will find a bottom soon. The problem I have with this is there has been no bounces in months, just flat and falling, that can't be good |
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Approaching support zone
Possible bounce zone too If BTC recovers as soon as it crashed, it's going tp be amazing I just can't see that happeining  |
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But keep buying at a regular interval, so you don't regret not being brave during the bear run
Each to their own, but I'm a believer in patience in a bear market. Jumping in too soon is the automatic response. I'll buy in 2019 when that response is exhausted. a lot of people buy a little each time they are paid, I don't think that stops at any point. But, you may stop seeing people say it I guess. |
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Are we even going to recover from this?
It’s like a fucking avalanche over the last couple of weeks.
Its gonna take time man, and we can lower still. At these times you have to ask yourself 'am I a true believer in what btc is and can do' if yes you have to just weather the storm, it will be painful, but eventually the price will go up again. It always has, and bitcoin is mathematically designed to keep going up in price over the long-term, providing there is continued demand (doesn't even have to be increasing demand). |
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I think we have definitely hit capitulation. Even I who has since $19,000 thought every dip would recover and noting was a downtrend think we're going even lower.
Me too |
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What the fuck is going on?
Does the whales know something we don't? Is there a fukiing reason for this Carnage?
Its a market cycle. Wait a year and we will be back in a bull market. But keep buying at a regular interval, so you don't regret not being brave during the bear run |
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