|
For any outsider the ETH crash will be a warning before investing in BTC. I think we'll have less in-flowing money because of it.
|
|
|
|
still not double, doubling would mean reaching 860 right? 750 is not 860 lol, but for now the halving would be priced in yes, miners have a big margin of profit now, no need to shut down their miners anymore
2*300 = 600 $300 was the range boundary at the bottom semi stable period. |
|
|
|
|
Maybe it is related to the crash in ETH? It is kind of a warning.
|
|
|
|
|
The range for the 'stable period' was something like $200-300 so it has actually more than doubled now.
Some believe that the mining cost should be the support for the price - the current price will be above mining cost after halving.
Others believe that there is a constant demand in USD - so if we slush the demand in half - then we need the price to grow twice to meet the demand.
|
|
|
|
Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers of that scamcoin.
That does not make any sense. BTC is still many times bigger market than ETH - suppressing BTC would involve an order of magnitude bigger loses than anyone could gain on the manipulated ETH. |
|
|
|
|
Who panics first panics best!
|
|
|
|
|
But seriously - how is it relevant who is pushing down? The effect is the same.
It is normal to have corrections in an uptrend. Looking on the leverages this one might not have been finished by the way.
|
|
|
|
|
Oh boy you sound so desperate that I am not even sure if you really try to pump up it or maybe your real plan is to expose the bitcoin church for its absurdity.
But in fact a correction like this is quite normal behaviour around strong resistance lines. The up trend is there, it is just a little bit slower than people think - so the leveraged people got anxious and dumped. No conspiracy or evil Manipulators.
|
|
|
|
|
I would predict another correction - because it is clear that he cannot be trusted with those 1M BTCs (plus he has financial problems).
I personally don't expect that he is Satoshi - but he might have learned/cracked/hacked some of the private keys - so this show can take a little bit longer.
|
|
|
|
I think it is too much wishfull thinking. Maybe near $1000 but not around $10,000.
I saw went up from 14 to more than 200 and it was incredible, later I saw (and be sold again) going to more than 1000, this is bitcoin, anything can happen. This time I'm going to truly believe. the difference between now and how it was back then is very different and can't be compared to each other as there is much more money involved today. back then you could pump the price x2-×3 with a very low amount. that amount isn't even enough to nowadays pump the price up with 30-40% (depending on the exchange). The market cap has grown - but the number of participants have also grown - probably many times more. |
|
|
|
...
$10k is a sci-fi section value, unless we go to a scenario of global financial meltdown that would destroy all fiat currencies, dollar included. Even then, I am not sure if Bitcoin (at its current development stage) would be the currency of choice. At the moment the 'ancient barbarian relics' called gold and silver have much bigger recognition world-wide and thus better chances to be the emergency money. But the chances that such a scenario will happen are relatively low.
No - it is just a bubble scenario. Nothing unsual actually. |
|
|
|
That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.
A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions. It doesn't matter what and how often it happened in the past. Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price? That is really unlikely to happen this year. When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year. It is not just 'it happened 3 times' - it happened in the same way 3 times. My argument is a model. An informal one - but it is enough for me. I have tested it three times and it worked - and that has a meaning for me. The scale is now bigger - but it does not change the mechanism. I don't say it will stay at 10000 though  |
|
|
|
That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.
A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions. |
|
|
|
|
This is a possibility. The optimist here predict 800 as the peak this year. This is also possible - but when it breaks 500 - then it is more probable that it will go to 8000 than stop at 800. When it goes up steadily for a longer time the speed of the growth also grows.
|
|
|
|
Halving is already priced in.
Wrong: There is no such thing as "halving already priced in" because the mining power increased a lot when price went up. For the halving to be "priced in", the mining power would of needed to stay the same after price went up, then halving happens, and mining power is still the same.
As things are now, a lot of miners would need to turn off if no price increase happened for the halving. So absolutely nothing is priced in. Miners also tend to mine at a loss in hopes coins wil lbe worth more in the future rather than turning them off. Nobody is going to be turning off their millions of dollars in miners. They will simply stop selling coins at a loss, then the market dries up and price goes up. This is why it's inevitable price increases afterwards regardless of what happens before. All miners in the world did not stop selling coins 6 months in advance to make the price go up already. It's possible a few did, but I highly doubt the majority of all miners removed all coins from market 6+ months in advance. The price would still be increasing by the day if they did so.
Well - why do you think that this kind of thinking have not influenced the price by now? Many people must have thought along these lines - and some of them acted upon this - and those actions influenced the pricing. This is what 'pricing in' means. |
|
|
|
|
It looks like it is breaking up from the bullish flag/pennant/side trend that started with the spike to 500. Some people are looking for that as a signal to buy - where do you guys put that? Now when it broke through the line connecting 500 and 451 at Bitfinex (and similar one on Bitstamp)? When it breaks similar line on the Chinese exchanges (that is around 2840)? When it breaks the line connecting the 475 peak and 451 (around 435). When we break the previous significat peak - that is 451. Or maybe only when we break 500?
|
|
|
|
You're about to invalidate this thread w/ such a bearish prediction. The MAs are mostly pointing north which indicate green dragon territory. I mean seriously, on the way to a halving and in the midst of a mostly bull run (being mindful of the MAs), you're predicting sub-200 - wut. Terrible forecast bro, and frankly, embarrassing.
I don't know how to interpret the  - but it shows something like an inverse head and shoulder - if we break the neck - not bearish. The previous one shows three scenarios - in the black one the correction is over and we are heading towards the moon, the blue is bearish and the orange is still very bullish in mid term (it shows the intermediate target around 800 - that is much bullish for me). This is not a very helpful prediction - basically another one of 'if we go down then we go down' - but it is not bearish in my view. |
|
|
|
|
I think that MMM was in a big part responsible for the run up to 500 last year - because the new MMM players were buying bitcoins to invest there. But the collapse of MMM is probably already priced in - because first the Chinese branch (which I assume to be the biggest one) already defaulted last year and second during course of the scam people or the Mavrodi accomplices were probably constantly caching out from mavrodis to BTC to cash balancing out the demand created by the new players.
|
|
|
|
|
A good twist for the plot would be if it was Le Roux.
|
|
|
|
|
Show Posts
