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looks like another drop incoming, I'm getting tired of this shit
without a doubt we are going to 3000
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well its still looking like a disaster out there. No solid bounce.
I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?
Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange. I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market? It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct? Sure, but I'm curious on a few things, specifically the price rallies during that time and lack of flat movement. The lack of movement (flat periods) may of been there, I just can't remember, but we are certainly not getting many rallies. There was a big one after it hit 150 and the price, then down to 220 area then up to 300 then back down to 220, then back to 300 then back to 200, then the rest is history. It seems to me that there was the volume and maybe a few new entrants back then to do it, my concern is that I'm not seeing that right now, I guess we could just be too early in the cycle. |
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Fresh from Masterluc Telegram:Google translation: ... In general, the correction is delayed by a little more than a year. The alarmists will be left without pants, and enky will soon go to Long. And I do nothing. As always  the master saying something actually helps with my nerves. Has enky still been bloging about btc? is he actually going to go long |
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I said before, I am of the opinion that 4650 will hold.
Still confident? |
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The falling knife is usually caught quickly. We have been lingering at the bottom of the dip for too long. Too suspicious. Waiting for the CCI to get into the positive. Choppiness index and BB are my favorite reliable indicators for breakouts. And both are pointing south. Not good. Bull traps ahead.
Exactly. This lingering is a real problem I think it seems to mean that the sellers are done for now, but there are no buyers at this price, so will eventually go down again when more sellers arrive  |
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To be fair most of the stuff put together during 2014 sounded incredible but didn't amount to much. Plenty of it disappeared without a squeak, 21.co, Buttercoin, Circle's BTC retail.
This time around it's an order of magnitude more heavyweight. You don't get any bigger than stuff like Bakkt though I fully expect it to launch to overwhelming indifference.
Yeah, but I think it is just the activity that matters. Know what you mean about Bakkt, exactly how I feel. |
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I can not imagine a better time to buy crypto than the present moment. Everyone is starting to panic and the whole market is bleeding. I am sure that if not in a week, then in a month or even three who are now investing will earn a lot of money.
you're probably right, definitely has that feel. shit I'm starting to feel that it will never get above 10k ever again. |
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But of course. I'll be staying put until 2020 and then having a mull. Despite the current grind the amount of money and effort being thrown at growing this space is not letting up and that counts for more than a bunch of punks on Bitmex. At some point it's going to bear fruit.
This was the case in 2014/15. I remember reading the crypto news and hearing a lot about further investment etc constantly, but was dismayed that the price didn't react. I hoping the same happens this time. Development of LN will hopefully help too. |
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Why the hell isn't XRP tanking like others?  Because, it is truly the next bitcoin. Because they created 100 Billion of them but only distributed 40 billion. Lots of centralization and not mine-able. Every now and again I consider changing what is my most hated shitcoin. But ripple always maintains the title. |
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I will hodl, as I always have, and I will keep buying small amounts every pay.
Doesn't mean I have to like it though.
My sell price is 40k, no more than 50% of my current holdings will ever be sold. I believe in BTC for the long-term, even in these dark times, with my doubt growing.
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So you think it still has further to go before a similar market will develop?
I think it's too soon to tell if their will be a bounce like he said their wasn't. I think it could hit as low as 3k and we will still be on our way to another moon shot to $100k. I expect the pattern after $1200 to repeat itself, but likely with less dead time from this bottom to the next pump. If it goes below $3k much I may feel the pattern of successive pumps may be over, maybe $2500. the pattern of successive pumps ending is my fear too. I figured it wouldn't due to the halvenings and the fact that the legacy financial system is so fucked up. Therefore, eventually there will be a consistent move into btc. I hate doubting btc, I did the same thing in 2014/15 and I am starting to do it again now. |
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I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?
The bottom in October 2015 was actively fished for with bear raids. It wasn't really much to do with cost of production seeing as how bitcoin cost of production is completely variable. It was really pounded into the ground hard to try and find it. Nothing like you saw then is occurring right now. It was stable sideways, pounded into the floor, then instant rebound. There's absolutely no springboard effect rebounds going on on this shit nowadays. Too soon.. So you think it still has further to go before a similar market will develop? |
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What does everyone think, are these sorry bastards dumping their btc to support their civil war.
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well its still looking like a disaster out there. No solid bounce.
I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?
Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange. I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market? |
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Went from $1200 to about $150.
Went from $20k to about $3-4k to repeat pattern?
Holding.
yeah, but, looking at the charts there seem to be lots of buying still taking place on those low periods, I haven't seen that for a while here. We get bounces, however they are very small and flatting out quickly with no follow through volume. it's the volume that has me worried, what was the volume like in 2015, I can't remember? |
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well its still looking like a disaster out there. No solid bounce.
I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?
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well shit, starting to look a lot like December 2014 with the big drop down. The only thing that has me concerned this time is that after the drops we arn't really getting a decent bounce back. Bounces a little, then just flatlines with low volume, can't be a good sign.
Did the 2014, 2015 period have more demand, hence the bouncebacks after declines with no flatlines? or was it just easier to move the price because the price was lower?
Anyway not a good day for us types, just hoping that it reaches a bottom soon.
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Mike Novogratz has to be chasing the world record for the most predictions changed in 1 year hehehe. But that record would not be very hard to do if he tries to make predictions on a volatile market such as bitcoin.
But what does he know? He mentioned institutional investors, were there none during the bullrun of 2017?
Novogratz is a rich man, you are not. Laugh if you like, but, you are far more of a joke than he is. |
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I’ve started buying again recently, 0.05BTC here and there. It’s not a lot these days but I’m just adding to the HODLED stash whilst prices are what I consider low.
I'm doing the same, every payday. Same amount too. |
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yep...but where be the newbies jumping in now for the next pump?
We don't need any newbies for the price to go back up. In fact I'd say in the last run-up, up until the 1200 ATH, there were not that many newbies coming into it at all. Mainly just the true believers buying their coins as usual. The newbies are what create the bubble, they probably only really started coming into it a few months into 2017. Eventually the true believers eat up all the sellers coins, and then the price slowly goes back up as only the miners coins are left to purchase. ATH breaks, then come the noobs. |
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