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Day after tomorrow we will hit $600+
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we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?
Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better  Once you go past the tipping point there is no holding back  There are a number of problems with that analogy ..... Yes bitcoin doesn't have magic blue pills for bear markets? |
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we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?
Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better Once you go past the tipping point there is no holding back |
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I hope this is the bear trap, this will mean it might go 5K+ |
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What a crap thread. Well let's all become prostitutes and get payed 100 times a month  . |
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I definitely think it is going up long term but we could be in for a short term bull trap here.
There is always traps and IMO some bump dump happens thanks to big players +1 there will always be people waiting to sell once they finally get to a profit or break even point. If we get to $1000 alot of people will sell since they have been waiting to break even since the last ATH. |
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 Whale |
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I disagree with the OP, knowledge is key to winning. The point is you need to know yourself and not the game. If you can identify your own greed, fear of losing and supress giving a ratsass about what other traders are saying then you can trade like a psycho-sociopath-robot you're going to be rich as hell. Another plus point is you will be able to dump your wife in an instant and get yourself a few 20-year old girls, do drugs and live big without feeling guilty about it. I'm not yet there  Annnnnd then your wife hires a lawyer with your money, files for divorce, is likely entitled to a minimum of half and since she has boobies too, she'll probably get the house so you'll have to figure out where else to go hang out with the 20 year olds, and for the record, if you're over 29, they all see you as that old dude and if you're older than that, that really old dude but you have money so they'll pay attention to you until your wife bankrupts you, then you won't have a wife, a house, half your shit, or a bunch of 20 year old girls. And the only thing you'll have left are the drugs, which you'll probably do too much of and wreck your life cause you got cocky and pissed off a woman  What's wrong with being divorced, having a porsche, a comb-over and a 20 year old chick  P.S. If you took my post seriously then you could probably move all your money to bitcoin well before you get divorced. I also recommend living in some untouchable country. P.S.2. 29 is not old. |
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Buy now, after the next bull run we will never see below $1k anymore.
I think the OP is too late now. He will be fighting for 2100 satoshi 2 years from now |
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The OP prediction looks stupid but is perfectly possible.
Looking at last bubble once it goes viral the price hits it's ATH 15-30days after it goes TO DA M00OO00N!!
We are seeing a moon-startup if it follows through you could see somewhat like a 500% increase at the end of next month.
My BTC0.02
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Invent a polynomial time elyptic curve scalar division algorithm.
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I disagree with the OP, knowledge is key to winning. The point is you need to know yourself and not the game. If you can identify your own greed, fear of losing and supress giving a ratsass about what other traders are saying then you can trade like a psycho-sociopath-robot you're going to be rich as hell. Another plus point is you will be able to dump your wife in an instant and get yourself a few 20-year old girls, do drugs and live big without feeling guilty about it. I'm not yet there |
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To see a real jump we need to pass $666 exactly,or at least 650 $ +1. Once we hit these levels fear of missing the rocket to da moon will sink in and get previous weak hands to come running to get aboard |
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To see a real jump we need to pass $666 |
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stupid people hodl
So true, most rich people are stupid |
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I have considered the seasonal cycle theory as well. I think it has to do with temperature drops and decrease of sunlight in North America. These are known to affect mood and people have experienced a lot more depression during the winter months. This leads to less risky behaviour. You see a peak in the summer corresponding with hope and overcoming winter depression which results in a greater propensity for purchase.
With a seasonal cycle, why would Bitcoin have to adhere to North America. North America isn't the center of the world you know Bitcoin has investors from all over the globe try factoring in - Percentage of active people on the other hemisphere like Australia where summer is winter and visa versa. - Percentage of active people following different year cycles like the Chinese years including their meaning. Maybe Bitcoins seasonal cycles are not yet noticed because they are buried under the hypes and bad news. We might need stability before we can see seasonal cycles. |
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1. Answer A wall is a proportionally big amount of BTC in the orderbook of an exchange. If someone has a 1000BTC sell wall @ $441 someone will have to buy $441000 worth of BTC for the price to go up. Visa versa for buy wall which stops the price going lower. Combined a whale can shake out a profit (or loss ). 5. Answer Yes you can day trade with any amount as long as it is higher than the minimum trade for an exchange. Since most exchanges use percentage fees the absolute value is irrelevant. You should always take fees into account. For example a 0.2% buy fee and 0.3% sell fee will make you break even on a 0.5% increase in value, it is wise to aim for at least 1%. At $441 you need bitcoin to increase $4.41. You should never risk more than 2% of your account. Read about money management, stoploss, taking profit, taking losses, etc. |
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Looking at BTC-e there are a few big buy/sell walls around this price.
Assuming these are real walls some whales are trying to force bitcoin into a narrow price band to make money on small fluctuations.
The sell wall is BTC238 @ $441 and the buy wall is BTC62 @ $439.3
In my opinion it will have to break in the oncoming days. Since I believe bitcoin wants to go up it will take some days to eat away those BTC238.
Really? Now your usual range trading with 100k is a whale wall somehow? That's not even a shark, just somebody making themselves some lunch money. I don't really fully understand your comment. I understood that you are implying that some whale is manipulating the price into a narrow band with a 200 btc order Unless our definition of whale differs, this is just some guy trying to earn hundred dollars on what little volatility there is left. And of course, any real move by a whale whale would be in thousands of coins at once, instantly eating through this little "walls" on all exchanges. Yes you are correct our definition of whale is different. Whale Definition: In sales terminology, a whale is a prospect at least 10 times larger than your average sale. Since the average sale in the current market is <1 BTC I find someone putting up a 200+ BTC wall a whale. |
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Looks like a new government just got elected in India. Apparently the leader Mr. Modi is business and tech friendly. Could be a bullish signal.
India still is a prohibitism and have banned bitcoin by default in the last India bubble. If the new government becomes anything modernish like a democratic or republic it will be bullish. Until that happens don't think that India will ever enter bitcoin unless their government approves bitcoin and explicitly allows it. |
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With the dropping volume, the only chance to avoid another drop would be if some bitcoin salesman get some simpleminded rich person to buy a lot of coins from the market.
The only thing that keeps the price from dropping is the overheated mining bubble. Most don't want to sell this low, and admit that they don't see any ROI with their mining equipment.
But this is not a solid hold, but a desperate and fragile hold. When the first miners will start to think "fck it, I'll cut my losses and move on", then their sells will trigger an avalanche. Most of the miners who are holding are nervous and they will be motivated to cut their losses if it seems like it's best to sell higher now, then lower later.
I think that everyone who are holding bitcoin's at the moment for investment purposes are fools who are taking a needless risk. You could always buy back when there will be any news that give a real reason why bitcoin price should rise. Right now they are betting against the odds, because if nothing important happens, then the volume will continue dropping with the price.
Finally, a sane person here. "Anyone holding bitcoins at the moment for investment purposes are fools" Sounds like you don't hold any then, Mervyn. "Most of the miners who are holding are nervous" Not sure who elected you a spokesman for the mining community! The only conceivable reason you would hang around posting negative tosh on here every day - is the same reason the other newbie account trolls do likewise - you desperately want to buy bitcoins at a lower price than today. Come to think of it: fonzie, cosmofly, igorr et al seem to have gone awfully quiet. You have as much idea of which way the price moves as everyone else simply watching the price on here - that is none. Anyway, good luck in your accumulation! The bears have gone into hybernation |
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