4600 is the new 6400. Who would have thought after so many months there we will dream of this price so soon.  Anyway, this is a loss for the weak hands and bonus for the hodlers who can endure such drops and buy more. When the train starts again, I am sure all these people will wait until its too late to enter again. Imagine how weak hands are 'making money': They buy at 15k$ and above because the charts looked so hot and sexy and their analysis shows it will stay that way. Now at 4K they sell because the chart looks horrible. They assure themselves that they will enter again when they are certain the bull run is on. But when - at 6k? No, not confident. At 12K- no, its too much of a price. But the Bitcoin will not stop at 16K, 20K... and finally after 30-40K they decide to enter again... Just before the next drop to 20K when they panic sell again... This is the explanation why there are people never profiting, while others are making huge money. I am gloating with the anticipitation of the next bull run when all these noobs will bite their tongues for selling at 4K, while the price goes above 40K! Mark my words! That's true.... or you can hodl whatever shit happens. It also depends on your situation, since I bought at 6k I don't see a dramatic change right now, I guess it could drop more. That would be an interesting moment to buy more  |
|
|
|
ATH vs NOW  Yeah, that's quite impressive. |
|
|
|
|
Today we have a support but I don't think it's finished.
However, besides speculations, now we are suffering the slow curve of adoption, institutions that want to take over the crypto world which means denaturalizing the decentralized system of BTC and so on.
We must see all the big picture...
For those reasons, I think we won't have a skyrocketing trend soon.
|
|
|
|
|
So... which price will be the bottom?
Interestingly, it's almost like at the BTC/BCH fork happened more than 1 year ago.
|
|
|
|
5k will be broken, no doubt about it
For sure. It's a very delicate moment for the crypto world. Institutions are trying to put their hands on them in some way that means we are facing uncertain times. The strongest coins will remain but institutions could change the rules of the game. Keep the eyes open. Would you buy if BTC goes around 2k? That's the point, because I am not sure the price will skyrocket again as it did in 2017. |
|
|
|
Ethereum is literally collapsing. The market cap has lost about half of its value. Shitcoins will reveal themselves for what they are. Until now, BTC still has a strong wall support, it doesn't go under 6k$. From December the downtrend is getting milder, I would expect a bull run for the end of year Considering also the uncertainty of the current financial system, it's possible the price will go up more than expected. We are facing a stormy period. |
|
|
|
There is certainly a wall that keeps the price not going under 5500 USD but this period has been pretty flat. This could be a good moment to buy but I still expect a bearish trend until the end of September, maybe more. I am actually waiting for a lower price  That's a speculation but this end of the year won't be as much bullish as 2017 was. |
|
|
|
^ What is that arbitrary yellow line on the bottom.
This correction will not be like 2013 or 2014. Why? Because it's 2018. The rise was different, the correction will be different too. Its easy to try to trace and outline the future using the past, but its just an exercise for fun. Its relatively useless. My best guess is this correction will be a somewhere in the middle of the two based on severity (%) dip, but will last longer than both. But even if my best guess is wrong, I will be right about one thing - this correction will be its own animal. Good logic. Feels about right to me. The bad news is the length of time of the correction : The good news is that most of the price fall from ATH has already happened. If we holdled in a 13k price fall, then another ~3k is easy, no ? ( or 2k or 4k , meh) To me, maybe 3k is excessive but 2k can definitely happen. I think we still have a couple of months of sustained dips. |
|
|
|
 (saw this on Twitter. made me laugh) Hahahaha!! Some meme of this thread are just epic !! |
|
|
|
|
Looking at charts it seems a classic bull trap.
True that the price couldn't drop too much on Sunday!
|
|
|
|
After all the current scenario is relatively reasonable. I think the price will drop between 3k and 5k. 3k is a price in which common investors can get into the market, some bull runs until August with a bit of dumps. October-November the next big pump. July could be a great moment to buy, well I actually did the same 1yrs ago. Coincidences?  |
|
|
|
Well, at least somebody is trying to hold "The bottom" up... . (Mic post some good pic) Confirmed. Bottom is being held up.  Sometimes I feel like my biggest contribution to this thread is butt pictures, but I guess that's good enough. We are really in the bottom indeed! i like what's on the inner side loool XD. really looking forward to see Bitcoin back again at it's 10k mark atleast. That's interesting... I mean not only the image  How would you say that we have already reached the bottom? Just look at the picture. No, really, after staring at it for a while, you will understand we have surely found THE bottom. The more I look, the more I understand  |
|
|
|
Well, at least somebody is trying to hold "The bottom" up... . (Mic post some good pic) Confirmed. Bottom is being held up. Sometimes I feel like my biggest contribution to this thread is butt pictures, but I guess that's good enough. We are really in the bottom indeed! i like what's on the inner side loool XD. really looking forward to see Bitcoin back again at it's 10k mark atleast. That's interesting... I mean not only the image How would you say that we have already reached the bottom? |
|
|
|
No, Bitcoin Won't Use Up All The World's EnergyBitcoin using too much energy is thus pure FUD as it originates in the sectors that will lose more or be
disrupted most by the blockchain, the latest being the Bank for International Settlements (BIS), a core
piece of the global banking infrastructure. Bitcoin and other cryptocurrencies also potentially replace gold as an international asset of last resort and it is
said the energy expended raping the earth for the precious gold monetary relic is five times that expended on
bitcoin. Even if it was a 1:1, the replacement of gold by bitcoin would surely be an environmental good. https://www.forbes.com/sites/investor/2018/06/18/no-bitcoin-wont-use-up-all-the-worlds-energy/ Interesting point here. I was wondering how much the current bank system demands in terms of energy consumption. It's true that the bank system offers a lot of services but do we really need all this stuff? Considering ATMs, servers, offices, premises and so on, I would say running the Bitcoin system is not that bad. It's also interesting the fact associated with the environmental exploitation of metals that are linked with the old system. I wouldn't say Bitcoin system is the final solution to energy problems but, c'mon, the current money system definitely isn't more efficient than the crypto's one. Environmentalists point the finger against Bitcoin while they still use and benefit from the bank system. I mean, the real problem lays at the base, certainly not at the blockchain technology. Has anyone already posted this? https://drive.google.com/file/d/1TIma781rLFjr-dqeJmL2KN06OpoRkSsj/viewIt's 2014 research so some numbers should be adjusted, but still ps it's also the source of this image that is going around lately on social networks and stuff  Thank you for posting this resource. I will check it out. One day I read an article about a pro-environment guy (I have nothing against this) claiming the Bitcoin infrastructure would have been eager of energy, a total waste of resources. Totally wrong or at least unfair considering environmental issues existed even before cryptos and everything nowadays runs on the Internet infrastructure. |
|
|
|
No, Bitcoin Won't Use Up All The World's EnergyBitcoin using too much energy is thus pure FUD as it originates in the sectors that will lose more or be
disrupted most by the blockchain, the latest being the Bank for International Settlements (BIS), a core
piece of the global banking infrastructure. Bitcoin and other cryptocurrencies also potentially replace gold as an international asset of last resort and it is
said the energy expended raping the earth for the precious gold monetary relic is five times that expended on
bitcoin. Even if it was a 1:1, the replacement of gold by bitcoin would surely be an environmental good. https://www.forbes.com/sites/investor/2018/06/18/no-bitcoin-wont-use-up-all-the-worlds-energy/ Interesting point here. I was wondering how much the current bank system demands in terms of energy consumption. It's true that the bank system offers a lot of services but do we really need all this stuff? Considering ATMs, servers, offices, premises and so on, I would say running the Bitcoin system is not that bad. It's also interesting the fact associated with the environmental exploitation of metals that are linked with the old system. I wouldn't say Bitcoin system is the final solution to energy problems but, c'mon, the current money system definitely isn't more efficient than the crypto's one. Environmentalists point the finger against Bitcoin while they still use and benefit from the bank system. I mean, the real problem lays at the base, certainly not at the blockchain technology. |
|
|
|
|
This has been the first steady increase of the price and I expected a dip, but now I'm really interested to see whether is just a correction towards a new bull run or prices will go consistently go down.
|
|
|
|
...BTC is not meant to become the definitive payment method...
That's not true. BTC is not complete if we can't use it as a payment method. BTC had problems because exchanges were spamming the network by not batching their transactions and many of them are only recently upgraded to segwit. If you can't pass your bitcoin to the next person to get something in return, its no better than tulips. To achieve these problems and stay as decentralized as possible, bitcoin/lightning devs created the Lightning Network but its still not fully adopted yet. (because its in beta) So we can expect even more growth in the future. I said "at least for now". The time will tell us whether it will be a reliable payment method or not. At the moment BTC is treated as a store of value or speculative asset, if you want to move a lot of money among cryptos and speculate, you have to trade them and the opposite is true as well. |
|
|
|
It's crazy how people are driven by FUD.
They don't see the big picture.
The only news that seems to have a reason to me are charts and those graphs that picture the adoption, surging, uncertaintment phases of cryptos throughout these years.
We are into an evolution process, the only thing is understanding the timing to invest/make gainz or just hodling, not whether or not leaving. Blockchian is here to stay.
Of course, going all in one crypto could be riskful.
The big picture is that real world adoption of bitcoin seems to be going backwards not forwards. I'm not denying the current state of things but it's because blockchian and BTC has been noticed and attacked by mainstream markets and media after a golden 2017. It's just a bunch of months. We should wait way way more before claiming these catastrophic statements. By the way, BTC is not meant to become the definitive payment method but more a store of value, at least for now, whereas some prominent cryptos could become a reliable payment method. In the meantime there are donzens of startups and services that are switching into the blockchain market. In any case, it's early to say that it's the end. |
|
|
|
Some more bad news to add to the FUD.
Reddit Is No Longer Accepting Bitcoin As Payment For Its ‘Gold’ Membership.
It's crazy how people are driven by FUD. They don't see the big picture. The only news that seems to have a reason to me are charts and those graphs that picture the adoption, surging, uncertaintment phases of cryptos throughout these years. We are into an evolution process, the only thing is understanding the timing to invest/make gainz or just hodling, not whether or not leaving. Blockchian is here to stay. Of course, going all in one crypto could be riskful. |
|
|
|
|
Still hodling.
It will surely go up again.
Just remember we have big investors that are playing a bullish-bearish game while little investors are just confused and scared about fast surges-drops.
This is reasonable if you consider cryptos are a very volatile asset and that there are no strong regulations. People are both curious and scared about fluctuations, so they are driven by huge sentiments.
Actually, after the huge drop in the beginning of the year, I would have waited until now to buy. Instead I bought overpriced cryptos which will take me about several months to convert in reasonable gainz. Fortunately I put some good trades in the past summer, so I made a half mistake but lesson learned and 50-50 probability to make some gainz til the summer with those cheaper cryptos.
As someone said, we can expect some surges in the stock market, then another big surge in the crypto market, probably between the summer and the end of the year, if not in the 2019.
|
|
|
|
|
Show Posts
