Is the bottom in for now, Hairy? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) We really do have a nice rounding bottom on the Bitcoin daily which hasn’t been invalidated, yet. But it’s bloody close to being invalidated. So I’m a bit 50 / 50 on the “for now”. Mid term as I think you know I remain bearish, forecasting a bottom between January to August 2019. I don’t really hve a specific price target for that, just a time target. If Bitmain was to go bankrupt in January 2019, that would make for a nice capitulation bottom. It would also have the pleasant side effect of putting those criminal fucks out of business. Bitconnect is only the weakest alt and so the first to get culled. Others will follow being delisted and most of the exchanges will close as well as volumes dry up. Get your fucking coins off the exchanges now because when the tide goes out, we get to see who has been swimming naked.Long term (over 4 years) I’m bullish as fuck and looking to put more money in. Just not until 2019. Tera, is that you? Haahahahahahaha.. Just kidding. Noticed TERA doesn’t post much, if at all now that the price has fallen down so much? She did a similar thing around the end of 2014. Maybe at a certain point, her handlers don't want to pay her no more?
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Is the bottom in for now, Hairy? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) We really do have a nice rounding bottom on the Bitcoin daily which hasn’t been invalidated, yet. But it’s bloody close to being invalidated. So I’m a bit 50 / 50 on the “for now”. Mid term as I think you know I remain bearish, forecasting a bottom between January to August 2019. I don’t really hve a specific price target for that, just a time target. If Bitmain was to go bankrupt in January 2019, that would make for a nice capitulation bottom. It would also have the pleasant side effect of putting those criminal fucks out of business. Bitconnect is only the weakest alt and so the first to get culled. Others will follow being delisted and most of the exchanges will close as well as volumes dry up. Get your fucking coins off the exchanges now because when the tide goes out, we get to see who has been swimming naked.Long term (over 4 years) I’m bullish as fuck and looking to put more money in. Just not until 2019. Tera, is that you? Seems that Tera dee bera has transmorphized into Hairy da barey. Haahahahahahaha.. Just kidding.
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It bitcoin dominance is increasing then why is the price dumping? Who the fuck is selling?
Alts are going to zero, as foretold. This is the great bloodletting. Come warm your hands by the fire of the smoking carcass of the alt coin market. We will also experience some pucker all along the way but it will all be worth it in 2020. I just don't buy it. Yes. Currently, I do recognize that alt coins are dumping more than BTC, but I just have a sense that several of the alt coins will be coming along for at least one more BTC ride up the exponential price rise. Surely, I could be wrong about my hunch, but to me, it just seems too early to assert that they are dead and that BTC is the unambiguous winner. We have decent chances that in the end, BTC is going to be the unambiguous winner, but there seems to be a lot of ambiguity for alt coin pumpers to exploit along the way.. and at least one more alt coin pump is going to be part of that taking advantage of ambiguity and almost an limitless supply of dumb money.
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It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo). That's bullshit. There is no need to diversify into shit coins. Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers? Paper is only big in btc due to futures. Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'. Have more fun. Yes... grasping at straws in your attempt to continue to bash on bitcoin in this correction situation... Hopefully, you can get some pump in the alts, even though they remain pump and dump shit, just like I mentioned. Point the fingers at BTC might be your distraction, when you fail and refuse to recognize bitcoin fundamentals being above and beyond superficial talking points that are largely present in the alts. Regarding your paper assertion in bitcoin, yes, there are certain kinds of financializations that are being built upon bitcoin, and that can hardly be helped. I would think that the smart investor is going to continue to be the one that holds the actual bitcoin rather than any kind of fractional reserve that might be permisable through futures contracts. Regarding segwit, you are completely full of air and non-substance if you think that there is some kind of fundamental problem with the off chain (and second layer solutions that that fuels). Who gives a ratt's ass about phoney ass market cap fundamentals that attempt to portray some kind of meaning in the share of various alt coins... Throughout this 99% to 40% and back to 50% process there has been a lot of shit coins added to the mix, and who gives a shit. Bitcoin has remained king throughout, even if some folks happen to get distracted into alt coin pump and dump imitation projects. The narrative changed and no-one told you. There are no straws, bitcoin has no future, my wealth is of no concern when all i have to do is get it back segwit is something all together, you believe you have a handle on it but fail to miss key details no-one care about fundamentals, thats why I can do what I do hope this is better, I am trying, it just takes so long, well thats the plan The "mymenace bot" seems to be back to nearly 100% capacity, at least in terms of posting frequency, not in terms of providing any kind of meaningful contribution to the various topics of the thread. I preferred when you took a bit of a break, perhaps down to 20% capacity. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ytimg.com%2Fvi%2FEga1fSoLccY%2Fhqdefault.jpg&t=665&c=7oySyUnpZCs6lg) Perhaps some mymenace bot hari kari might come in handy, here? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcountingchickens.files.wordpress.com%2F2012%2F06%2Frobot1.jpeg&t=665&c=l5TtrQ3HFkclLA)
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unless you at least attempt to make some kind of effort to make a bitcoin connection.
I did, read again. Both bulletproofs and (adaptive) blocksize are quite relevant to Bitcoin. But don't bother reading since it is about a shitcoin anyway. That is called koreck. No need to go back and flesh out the possible extent to which any non-bitcoin might possibly be valuable because that is a horse of another color. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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It seems fair to be auto dismissive Whatever floats your boat JJG. I am not here to defend or promote anything, just pointing out incorrect statements. I am just giving my perspective about a lot of the seemingly off-topic derailments.. and surely, people do get into some of those kinds of discussions from time to time, but really, the fact of the matter remains that it is not on topic, unless you at least attempt to make some kind of effort to make a bitcoin connection.
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Two nonsense points.
First there is plenty of reasons to hate on Roger, and second, who gives a ratt's ass about Monero. this is a bitcoin thread.
That's bullshit.
There is no need to diversify into shit coins. Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?
Where is the real Jay, and what have you done with him? Am I being too nice? I thought that I was at least 93% "in character." ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Foliveremberton.com%2Fapp%2Fuploads%2F2014%2F11%2FJunk.png&t=665&c=kFKTaXj_-n-kvQ)
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Monero has its own problems. The transaction fees hurt and supply is not fixed.
I know this is a bitcoin thread, but please do your research before you state such nonsense. - The transaction fees are still very reasonable for an always fully private transaction (<$0.30) + Monero will have ' Bulletproofs' in the September upgrade, reducing the transaction size with >80%. - The supply not being fixed is not a problem, it is a very deliberate awesome feature. It will be <1% yearly and percentage wise further decreasing over time (likely less than the amount of moneros lost per year in boating accidents). In exchange there will always be a miner incentive, thus not having to rely on a fee market like bitcoin does: this allows an adaptive blocksize! Monero learned from the issues Bitcoin has. Don't be auto-dismissive, the thing we detest so much about no-bitcoiners. It seems fair to be auto dismissive, when we are in a bitcoin thread, right? There is no reason to really get into any details of any alt coin whether it is good or not.. who gives a shit unless it is central to some other bitcoin related point. Haven't we had enough irrelevant pumps about Bcash, and Ethereum and precious metals, and now monero is going to be added to the supposed "value-adding" alts?
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It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).
That's bullshit. There is no need to diversify into shit coins. Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers? Paper is only big in btc due to futures. Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'. Have more fun. Yes... grasping at straws in your attempt to continue to bash on bitcoin in this correction situation... Hopefully, you can get some pump in the alts, even though they remain pump and dump shit, just like I mentioned. Point the fingers at BTC might be your distraction, when you fail and refuse to recognize bitcoin fundamentals being above and beyond superficial talking points that are largely present in the alts. Regarding your paper assertion in bitcoin, yes, there are certain kinds of financializations that are being built upon bitcoin, and that can hardly be helped. I would think that the smart investor is going to continue to be the one that holds the actual bitcoin rather than any kind of fractional reserve that might be permisable through futures contracts. Regarding segwit, you are completely full of air and non-substance if you think that there is some kind of fundamental problem with the off chain (and second layer solutions that that fuels). Who gives a ratt's ass about phoney ass market cap fundamentals that attempt to portray some kind of meaning in the share of various alt coins... Throughout this 99% to 40% and back to 50% process there has been a lot of shit coins added to the mix, and who gives a shit. Bitcoin has remained king throughout, even if some folks happen to get distracted into alt coin pump and dump imitation projects.
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It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).
That's bullshit. There is no need to diversify into shit coins. Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?
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I wouldn't hate on Roger too much, he helped make bitcoin what it is today and was one of the first merchants to accept bitcoin as payment.
I'm heavily behind bitcoin but on the dark web now most sellers are only taking Monero and not BTC.
Two nonsense points. First there is plenty of reasons to hate on Roger, and second, who gives a ratt's ass about Monero. this is a bitcoin thread.
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$250 move-up in 3 minutes. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I often notice the following pattern in the Bitcoin price: it's quite stable for hours to days, moving sideways, then suddenly it drops or shoots up in a more or less straight line. After that, it continues moving sideways. How can that be? I can only think its being manipulated by some whale(s) keepingt he price stable until they need change. If there's a different explanation, I'd like to hear it. Yep, quite distinctive pattern. It seems to be happening in this year's bear market mostly, I didn't notice it showing before. whales this, whales that...meh
it's just the market
Exactly, more than likely just market buys and sells, probably on behalf of clients. [...] How can that be?
Some sell and buy a lot more than others. Even when they use multiple exchanges, it does move the price quite a bit. Exchanges (thankfully) also run 24/7 but at some times of the day or days of the week the liquidity is less than ideal. Manipulation depend on what rules you follow. I do reasonably thrust (but never used) exchanges, as in not allowing buy orders without pony up the fiat and not allowing sell orders without having the coins, and also executing order books in the order of bid/ask price. Also, there is always a bigger fish, so trying to manipulate the price when you think you are big may backfire when it turns out you are not. If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets... The pattern has been dubbed as the bart simpson pattern or the upside down bart simpson pattern, depending on whether it is n shaped or u shaped. No more knowledge is needed beyond knowing what to call it. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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We are still in the bear market. Cryptocurrency participants need to chill and stop jubilating that we are back in the bull run whenever we see some few increase in bitcoin's price. Observe the market for weeks then if the uptrend is consistent then we can conclude that we are back in bull run..
Get the fuck out of here. There are other statuses in a market besides "bear" and "bull," and just because we might not be in one, namely "bull" does not logically follow that we must be in a "bear." Can you come up with some kind of better assessment, beyond your stupid ass supposed common wisdom proclamation that bitcoin is in a "bear market?"
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Do you guys still consider ethereum an altcoin?
Ethereum is a coin that has no real world purpose, a supposed solution looking for "future use cases and problems" that don't exist. Apparently it's current and only reason to exist is to allow the creation and trading of other ICO shitcoins, which in turn also have no real reason to exist. You can debate with me on that if you want. Let's go down the existential rabbit hole together. You'll find that it's turtles all the way down. Its got an on-chain scaling plan. It can do everything Bitcoin can, and then a lot more. It's deluded derpinheimer2 bringing knowledge to the bitcoin space one post at a time. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Mmm Nocoiner wedding and a small pump thx for the effort btc ...... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm thinking about your assessment of the real world situation and the prevalence of "no coiners." Bitcoin continues to have such low adoption (quite less than 1% world wide, and assumingly less than 10% in the even most crypto friendly of quasi-real world locations), that I would be surprised if any wedding had any kind of meaningful number of bitcoin HODLers. Covertly, there could be a few bitcoin HODLers in your presence.
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I'm mostly in ethereum so I may be fucked. I guess I don't really consider coins like eth and monero to be alts. I know technically anything that isn't bitcoin is an alt, but when I hear altcoins I automatically think of shitcoins with no future. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FhAHPfmN.gif&t=665&c=Lq7Eh-o0_0b3MQ) d'oh! Maybe it depends on how you define future? Yeah, ETH has been used to promulgate a lot of other shit coins. That's its main use case, and accordingly that gives ETH some kind of future - perhaps 5 years? Perhaps some other quantity of time, but it is not built to last, such as bitcoin. From what I understand Monero may have some more longer term viable fundamentals than ETH, and in that regard, could serve as a kind of parallel investment channel to bitcoin, but I don't really see why Bitcoin would not largely absorb any of Monero's supposed advantageous features, that is if those supposed advantageous features prove to be advantageous?
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Analysis by some Wall Street analyst that was on "awesome investor list" back in 2014. If this guy is such a great investor, did he see the bitcoin price rise coming in 2014 when he was at the top of his game? Was he advising people with his analysis to buy bitcoin? If not this guy's outlook on the future is shit. Remember the end of 2014, there were all kinds of folks coming out of the wood work advising how to "make a killing" shorting bitcoin, and that was towards the end of the period in which shorting was really profitable. Sure you could have had some periods of "o.k." performance to short Bitcoin between late 2014 and 2017; however, as you suggested, you would have done much better just attempting to accumulate as much BTC as you could and would not have even needed to use leverage in order to make a killing buying all the way until about October 2017.. hahahahaha
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I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.
This really has nothing to do with typical sentiment of the average user or some sort of good or bad news. Other than the fact that the whales may believe that the market will not fight them in one move or another as they swing things back and forth.
The key being, which way do these whales want the price to go? Well they are certainly not in bitcoin because they read the white paper and were inspired. They have balance sheets that need big profits.
We will see. I really do wish Wall Street would stay out of bitcoin. Bitcoin can grow without it, and will likely be around long after it.
Isn't a rule of BTC price movement (or any market in that regard) that the whales will attempt to push the price in the direction of least resistance? As lay persons, it is not always easy for us to assess, and probably even for whales they might perform a test pump or dump, and hope that others will follow that particular direction.
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We all have seen how bitcoin crossed $20,000 in December . When do you think this will happen again?
hardly, but not impossible. I would love to see the value of bitcoin by the end of this year since its value has been pretty stable at the time. Most of the crypto analyst is expecting for the price of bitcoins to actually reach $50k dollars and i do believe as well that it will reach a very high value because other countries are already recognizing cryptocurrency in their area. Yeah, but when? that's the question.
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Bitcoin is going UP because there are new BIG investors and more people believe on Bitcoin. and many organizations accept bitcoin payment AND SO BITCOIN GO UP TO $20000 AGAIN
If Bitcoin goes back to 20,000$ it will then very easily proceed towards 20,000$ and more. IF. But technically we are still in a bear market, I am afraid. What kind of "technically" are you talking about? Some kind of definition in your own head, or other people are saying "we are in a bear market," so it must be true? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Nope. Everything is just in the charts, we like it or not. Since ATH we are in a very clear downwards channel. Every new high this year has been a lower high, each of them piercing upwards the downward channel a little bit with very typical bulltraps, the latest of which exactly on the day of your post. Basic Technical Analysis. Perhaps. However, being in a "bear market" versus being in a bit of a prolonged correction could be merely a matter of framework. Bitcoin took a bit more than two years to go up from the mid $200s in mid 2015 to its $19,666 price peak, and so retrospectively we could have labelled that as a bull market, but I don't think that we realized that we were in a bull market until around May 2016 or perhaps later. Similarly here, I think the term bear market is too prematurely applied because you even seem to accept a definition of being in a bear market is that the price is more likely to break out to the downside rather than the upside.. and I am not quite there with you with such assumptions, even though a lot of people are continuing to make these kinds of assertions. Even if the price does break down in the next time around, might not confirm that we are "in a bear market" because it could merely confirm that "the bottom of this current correction is in". By the way, there have been at least 4 attempts to significantly break below $6k since early February.. which also would tend to give less credence to your "bear market assessment" and really suggest that a bear market label remains premature.. at this time. I am afraid we still have to find a bottom.
Your afraid because you have a feeling that weighs more towards down rather than up, but you really are just grasping at straws and trying to describe the downside scenario as more certain than even you can muster up in your own thinking. I wish I were wrong, since I am am on the wrong side of the market, ie holding.
Well at least you are doing one thing right, and holding. Perhaps your too strong of a negative assessment might be causing you to be making a mistake by not buying a bit more at these prices. I wish I had sold my BTCs at the time of my previous post, now I could buy them back 2000$ cheaper.
So fucking what? Almost everyone who is holding any kind of quantity of BTC through the ups and downs can look at the BTC price in retrospect and say to him(her)self, " I wished that I had sold a bit more when the price was higher." That is not saying anything. Of course, any volatile market is going to have ups and downs and the bears are going to attempt to take advantage as much as they can of downward BTC price momentum to attempt to get people to sell their coins at the bottom by misinformation and continued attempts to push the price down. At a certain point, they run out of sellers. My analysis was correct, but my FOMO was wrong.
I am not sure what that means. It happens to a lot of us that we might buy too much as the price is going up, and then the price reverses on us. I have been in bitcoin since late 2013. So I had found out about how to get into bitcoin towards the top of the then price surge to $1,163, and therefore I bought throughout 2014, while the price was going down. Furthermore, I was afraid to sell any BTC in 2015 because I would have been selling at a loss, so I held and bought a bit more here and there. By the time late 2015 came along, I had figured out a strategy that I could sell a portion of some of the coins that I had bought in the lower $200s for higher prices in order to prepare in the event that the price went low again. In October/November 2015 when the price shot from about $280 to $500, instead of selling some of my BTC as I had planned, and alternatively instead of HODLing, I bought some BTC close to $500, and it took more than 6 months for those $500 BTC to return to profitability. So certainly, I understand the feeling of FOMO buying, and there are a lot of people that get sucked into that kind of trap.. especially if they are new to bitcoin and have not figured out a more rational strategy to deal with BTC price spurts, which are nearly inevitable with the ongoing price dynamics of this market. So the best strategy is to buy on the way down and to sell on the way up, and if you get emotional about what you are doing, then the alternative would just be to HODL through it.. and perhaps you are attempting the HODL strategy at the moment, but even if you have fears and senses of certainty about which way the BTC price is going, you gotta take your own feelings with a grain of salt, because in the end, BTC prices can go either way, and any current assessment of a BTC "bear market" seems way too premature.
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