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Looking at the 30m bitstamp charts you can see BTC crawling to the upper side of the bollinger bands.
Every time it gets there somebody dumps coins and it hits the bottom band (doesn't move there, it gets slammed there).
So in my opinion this is bullish. BTC wants to go up but is held back.
We are probably just pushing through the people (who bought into the last ATH) getting their money back or early adopters cashing out.
Once we get through the dumpers we will start moving upwards again.
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Yep it's not a coincidence that this happened just before the new ATH. So many people bought into the last bubble at these prices. They want out and have been waiting for years to get their money back. Alternatively some whale is shaking out all the stop-losses for profit. As with bitcoin just HODL or take profit. If it goes down just HODL it will go up again  |
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Any form of trading will kill your coins if you don't know what you are doing.
Some whale dumps and you WILL get caught out and end up with a torn up balance.
Bitcoin is becoming more stable so getting caught out will occur less.
My advice
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Either go without protection (Stop-Loss) or HODL.
Currently HODL has given good profits so why risk more.
Greed kills so don't try and get MOARRRR!!!! (just buy coins).
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What I believe is that next bubble or "pump" will be higher than any other before, including the 2013 Bubble, when central banks and the world itself adopt Bitcoin it will be huge
If it goes exponential like end of 2013 we could be seeing >$7000. But I don't believe a bubble will come of that proportion. Banks won't adopt bitcoin. They will allow it and might build services around it but won't adopt it. Bitcoin is like cash money and gold so yes in theory banks could use it. Bitcoin has an added "feature" it can be stolen online. |
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cool as it would be, i don't believe there's one single hope in hell of it reaching that level by then.
Quoted for future reference ahahahahahhaha  |
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I believe some bloke previously sold his house for bitcoin a few years back when BTC was higher than today. He is either broke, poor or held on for dear life. In all cases his health probably suffered.
"Manage your risk. Risk only what you are willing to lose"
"You only hear the success stories. The HOBOs under the bridge don't tell their stories online."
My 2cts
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Fabienne: Whose coin is this? Butch: It's an altcoin, baby. Fabienne: Whose altcoin is this? Butch: It's ether's. Fabienne: Who's ether? Butch: Ether's dead, baby. ether's dead.  What's in the suitcase? |
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People wanted bitcoin for christmas so price went up. People got their Bitcoin on the 25th and are taking profits/spending so price went down
Why do people want to buy more for Christmas, and then dump their coins on Christmas day? I'm interested to find out. I think it was the panic of people that made the price fall. Hypothetical scenario: You have faith in Bitcoin and give other people Bitcoin. They are scared or broke-ass bitches. They say thank you and dump right away because they only have a short term vision. |
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Try to PANIC! PANIC! PANIC! PANIC! PANIC! PANIC! of just HODL  |
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I hate to think what will happen to bitcoin if the halfing doesnt go as expected with a nice price rise. Theres gonna be a lot of disappointed people and potentially an end to crytocurrency. hopefully we get a new ATH.
If everyone is expecting a rise a few things can happen. A big buy before the halvening and a big dump afterwards (get rich quick people and whales profitting). A big buy before the halvening and a frenzy afterwards (people going all gung-ho gamble Choo-Choo new ATH at 10k and a drop to $100  ). A steady rise towards the halvening (might be whats happening now) followed by a stabilization or a slight drop back to the real value. You just don't know until it happens and then it seemed obvious. The only thing that is certain is that the in-flow of new coins will go down. As long as more people want bitcoins we're golden. People are always disappointed if they don't get rich quick If getting rich quick was the sole purpose of cryptocurrency it will end but cryptocurrency is more than a get-rich-quick scheme that is already proven. So no matter what happens Bitcoin is not dead. I think that Bobby Lee's quote from that article is the best; to paraphrase: bitcoin is a new asset global class that is currently valued at $1/Earth inhabitant. To me, it is not inconceivable that everyone will want to have at least $10-100 of bitcoin CONSTANTLY on their phone (not even talking about investments, replacement of gold, etc), hence at least $4500-45000 value per BTC (eventually). That's a very realistic valuation for the oncoming 10 years. I believe that Bitcoin could potentially replace cash in all countries as an internationally accepted autonomous medium. |
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I hate to think what will happen to bitcoin if the halfing doesnt go as expected with a nice price rise. Theres gonna be a lot of disappointed people and potentially an end to crytocurrency. hopefully we get a new ATH.
If everyone is expecting a rise a few things can happen. A big buy before the halvening and a big dump afterwards (get rich quick people and whales profitting). A big buy before the halvening and a frenzy afterwards (people going all gung-ho gamble Choo-Choo new ATH at 10k and a drop to $100 ). A steady rise towards the halvening (might be whats happening now) followed by a stabilization or a slight drop back to the real value. You just don't know until it happens and then it seemed obvious. The only thing that is certain is that the in-flow of new coins will go down. As long as more people want bitcoins we're golden. People are always disappointed if they don't get rich quick If getting rich quick was the sole purpose of cryptocurrency it will end but cryptocurrency is more than a get-rich-quick scheme that is already proven. So no matter what happens Bitcoin is not dead. |
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Incorrect. Supposedly its peak is 56,000 per second.
... I stand corrected, make that 'over 10 seconds.' But, they charge you with big fee & you're not anonymous at all.
No, 'they' do not charge me a big fee. They charge me no fee at all. The seller pays the fee. Bitcoin, on the other hand, charges *everybody* a huge fee you may not fully understand, so here's TL;DR: Your transactions are paid for by Bitcoin's inflating base money supply, AKA "by printing money." The miners get paid 25 BTC every ~10 min for processing transactions. Plus the tx fees. Pricey  Also, your credit/debit card could be stolen & sold on darknet, you could get yourself into big trouble.
My CC offers consumer protection. If stolen, all I need to do is report it, and my money magically reappears. If you accidentally all your BTC, OTOH, it's gone. You're just sh1t out of luck  I'm sure when bitcoin blocksize problem is solved, we could process more transaction
You mean 'if,' then we'll talk. Til that happy day... I like this post because it points out the good and bad of bitcoin. Bitcoin is as good as cash money or gold. If it gets stolen you cannot claim it back. Creditcards give guarantees but require a bank knowing who you are. and transactions cost money. Therefore both will always coexist. |
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Lol 57 BTC ain't shit you broke ass niggas!
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I also wish that bitcoin price will reach the target of $500, 1 week left until new year not far but with few pumps it can easily reach $500 even within a day.
And will go down just as quickly. Do you want a $500 peak or a stable $500? Currently we are going sideways. I hope it will increase but a stable $500 in December is unlikely. |
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I am pro bitcoin and I HODL, I wish for th M00N and to get rich relatively quickly . That said I firmly believe nothing is certain in Bitcoin. It can just as easliy go both ways. The biggest mistake is thinking you know what is going to happen. |
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Calling a swing of 2.5% in 12 hours stable  |
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$666 always screws up people and trading can end up going sideways below this level.
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500 will come soon but I believe most traders are cautious if a bubble gets formed and we go to $1k
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so how much must i pay to send 1satosi A fraction of a satosi. Bitcoin can be divided more if needed. I believe it will require only the clients to support it. |
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