Do we consider this landmark reached?
I certainly do. Now it's just a question of leaving it behind. Well, average has crossed a few times, but both Kraken and Stamp not yet. So for me, the landmark is not reached yet.
Seems it's still open for debate. One thing's for sure... we Canadians can celebrate reaching the $15kCAD milestone. Coffee's tasting mighty good, working too. I't's far too early for booze for me but maybe by the time it passes 10kEUR on all the major exchanges, I'll be ready to offer you a toast as we celebrate our milestones. Cheers. |
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A late good morning Bitcoinland.
Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).
Old coins total $13637USD/$17319CAD) each (Coinmarketcap).
We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.
Go Bitcoin go.
You overestimate the value of the € Jimbo... .  Maybe he has a large leverage on Euro trades.  Sorry, typo. Fixed. Still groggy, should have got a coffee into me before posting. _____ I just checked Coinmarketcap and they say it's over 10kEUR. Bitcoinaverage, whom I trust more, say it's only 9990EUR. Do we consider this landmark reached? |
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A late good morning Bitcoinland.
Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).
Old coins total $13637USD/$17319CAD) each (Coinmarketcap).
We may be taking a long time to get to $12kUSD/10kEUR but that's fine with me. Slow and steady wins the race.
Go Bitcoin go.
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I swear my bladder is an ATH indicator.
It always wakes me up just in time for another leg up.
Go Bitcoin go.
I've gotta go back to bed. I don't keep farmer's hours.
We're not farmers we're Europeans. I didn't mean that. I meant that here it's 9:00AM and to me that's farmer's hours.  ____ And with that we had the obligatory post-ATH dump. See y'all at the crack o' noon. |
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I swear my bladder is an ATH indicator.
It always wakes me up just in time for another leg up.
Go Bitcoin go.
I've gotta go back to bed. I don't keep farmer's hours.
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Shame about bgodl. Not exactly a crypto-windfall that one.
I'm not bitchin'. I was gifted far more than most people earn from a year of job slavery.  |
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ATHs everywhere...
Amazing!
Go BTC go!
Everywhere? We're still a little shy at Stamp and Finex. |
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Good morning Bitcoinland.
Still digesting yesterday's action, I see... currently $11387USD/$14441CAD (Bitcoinaverage).
Old coins total $13235USD/$16786CAD (Coinmarketcap).
We'll probably have to wait another day or two for an ATH.
No sweat. Go Bitcoin go.
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I remember seeing a similar time-lapse set-to-music video of the epic "man-bear-whale" battle in 2014 where a 30k askwall was eaten. It was also right around the $200 mark.
I wonder if it's still available.
Reedit: It was actually around $300.
Found it. https://www.youtube.com/watch?v=-uX_bB_4VJk |
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Never say never. Edit: I just watched the video. Thanx for posting. I remember seeing a similar time-lapse set-to-music video of the epic "man-bear-whale" battle in 2014 where a 30k askwall was eaten. It was also right around the $200 mark. I wonder if it's still available. Reedit: It was actually around $300. |
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Correct me if I'm wrong, by all means, but with a spread like 50 bucks, couldn't a bot just continuously buy and sell and clean up like mad?
Someone's probably working on it right now. Intra-mural arbitrage?  |
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Gotta love this. It corrects down by $1.3k and bounces right back up by $1.15k all within a few short hours. Less than a year ago we were only dreaming of reaching 4 figures. Now a grand is a couple of hours' swing. A year ago, $50 was a "leg up". Now it's the spread between a high bid and a low ask. It's a whole new ball game. Pity the luddites and dinosaurs who are stuck in 2013 thinking and TA. They're just wallowing deeper into the tar pits. Keep up or get left behind. Youre right that now $50 is the slippage on Bitstamp. But one year ago we were already at 4 figures. Actually we reached 4 figures 4 years ago. Of course. I should have said "dreaming of reaching 4 figures again. A lot has changed in 4 years. Both the 2011 and the autumn 2013 bubble pops (and the spring 2013 to some degree) were directly attributable to MtGox. In 2011 and early 2013 Gox was the only show in town. Other exchanges were starting to be felt by late 2013 but it was still primarily the Karpeles/Willybot show. Now there are dozens (hundreds?) of exchanges including multiple local exchanges in many countries. Localbitcoins is a major force worldwide, and BTC ATMs are popping up everywhere. According to Coinatmradar, there are 106 in Toronto alone. The times they are a-changin'. |
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Gotta love this. It corrects down by $1.3k and bounces right back up by $1.15k all within a few short hours. Less than a year ago we were only dreaming of reaching 4 figures. Now a grand is a couple of hours' swing. A year ago, $50 was a "leg up". Now it's the spread between a high bid and a low ask. It's a whole new ball game. Pity the luddites and dinosaurs who are stuck in 2013 thinking and TA. They're just wallowing deeper into the tar pits. Keep up or get left behind. |
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Another jackpot, a couple more milestones... 8k GBP and 1.2m JPY.
Also, on a side note, for us Euroguys "It's over 9.000!" Oops, typo. Just fixed it.  |
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Trying to force-fit technical analysis onto Bitcoin has never really been successful. A lot of people predicted that the price would drop after crossing $8000 because it formed some pattern in Eliot's waves. We all saw that it reached $11,000+ before catching its breath. So just focus on its potential and keep your belief that its price will eventually reach there.
Amen. Even with traditional markets like stocks and commodities, TA is pseudo-science at best. With Bitcoin it simply doesn't work. Just ask Matthecat or Afrikoin. |
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I do think a large retracement is on the cards in the not-so-distant future. Bitcoin has exhibited a fractally repeating pattern, do we bet against another iteration?
Indeed that fractally repeating pattern is happening as we speak. It's all a matter of where we are in the pattern. This is why I like to see regular corrections as we go. As long as it's a steady line on the log chart we're OK. It's when it veers upward too quickly as it did in June 2011 or late March/early April or late November 2013 that it becomes a bubble and is destined to crash. If we can keep the rise steady like in winter/early spring of 2011, or winter or mid-autumn of 2013, we could see some longer-lasting gains. So far since early springtime, 2017 has been nice and steady, correcting whenever it's gotten close to running away:  Eventually it will almost surely move up to quickly and crash. Last year I thought that it would make it to $6k-$8k and crash to maybe $2k. We've already passed that and we're still going relatively smoothly. If we can keep from bubbling up, we might make it to $50k-$60k before crashing to somewhere higher than we are now. Just my 2 satoshis. |
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We even had a nice little correction to prove we're not in a bubble.
Is this science?  Simple common sense. ____ Moderating the ongoing bullish trend as we go is a good thing. We don't want it to run away into bubble territory. Slow and steady wins the race. ____ Too bad we didn't get a deep enough dip to be a good buying opportunity but we had one of those just a few days ago. I'd be happy to keep climbing up fairly steadily with modest ATHs daily or close to daily. My condolences to those who sold below $1.1k. |
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Another day done (UTC). Another ATH, another green daily candle.  We even had a nice little correction to prove we're not in a bubble. All in all, an excellent day. Go Bitcoin go. |
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no news,
Oh. Just weaklings being relieved of their coins. |
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