|
BTC price appears to like W forms lately
|
|
|
|
Didn't realize he's still posting (not so much in here anymore though). Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?). Agreed. It's funny though, that somebody who is the opposite of bitcoin's economical values target audience, and is "extremely sceptical" of it, is arguing to make it into something more of his liking. Such hubris, much faceplant... >somebody who is the opposite of bitcoin's economical values target audience What's "bitcoin's economical values target audience"? For that matter, what's "economical values"? Did you mean "economical" as "like economic, but makes people giggle"? (Think using "tragical" in place of "tragic," e.g. "Bitcoin's tankening to $650 a few minutes ago was quite tragical.") Roughly put, I would say that it is people who like dislike inflationary money. Of course there are other properties of bitcoin that some people might value, but I believe the 21M is the crux. Please spare me the technical "but bitcoin will be inflationary x more years" nitpicking. As far as economical goes, not everybody lives in an English-speaking country Lambsie, but good for you that you can still giggle about something like that. |
|
|
|
Didn't realize he's still posting (not so much in here anymore though). Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?). Agreed. It's funny though, that somebody who is the opposite of bitcoin's economical values target audience, and is "extremely sceptical" of it, is arguing to make it into something more of his liking. Such hubris, much faceplant... |
|
|
|
I don't think it's gonna become a currency ever. It might be used as a medium of exchane but most are gonna keep it as a way to store and transport value.
I think it will, but probably not the coming decade, too much volatility still. But in time I expect the volatility to be equal to or lower than most fiat currencies. |
|
|
|
|
short term looks bullish to me.
|
|
|
|
|
My guess is the halving itself will be quite non-eventful
|
|
|
|
Wow, seems like McCaleb is a sneaky bastard. |
|
|
|
A few thing people here don't seem to understand:
Most buying is done off exchanges and OTC. By a wide margin too.
China is not leading this market.
No fee Chinese exchanges are being used to "control" the market, because bots are linked and people think China is leading the market.
...
The rise to nearly 800 was one entity
...
If you figured this much out, then you probably also figured out that the one entity is not done yet either. If one entity managed to corner BTC already, we have bigger issues Funny how people always try to explain stuff through one hugely powerful entity, the great manipulator. I guess it is easier to imagine a single actor and attribute intentions to this actor than to imagine the net effects of a large number of individuals. |
|
|
|
pretty tame reaction tbh. price hovering around 650$ is quite disappointing after such a gross move. markets are down like 5-10% and bitcoin more or less the same? strange.
I don't see that much reason for a brexit to change the btc price. Might just be me though, I really haven't given the consequences any thought. |
|
|
|
As long as it doesn't turn into a long term bear market where that was the turning point - the final high of bitcoin EVER - and where it drifts down to zero from here, we'll be ok  That would be about the worst outcome, i.e. that this was the next bubble. I'm expecting consolidation now in the 500 to 700 range as a base for the true bubble though, fingers crossed. funny how often you and I think alike. |
|
|
|
|
I think 540-555 might have been the bottom, the only thing bothering me is the fact that BFX longs are still so high...
|
|
|
|
People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.
In a market like this you have to actively be trading both short/long to maintain your $
actually BFX longs havent gone down a lot Can you provide a link for this, because I have not been able to find that information? |
|
|
|
People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.
In a market like this you have to actively be trading both short/long to maintain your $
actually BFX longs havent gone down a lot |
|
|
|
Do you know any reason for the latest sell off of the bticoin? Is that just because it has risen too fast recently?
I think mostly the fast rise yes. Plus the Australian auction of 24k BTC also added some sell pressure I guess. Yeah nothing to do with the ongoing Bitfinex hack. wtf are you talking about? To the best of my knowledge BFX didn't get hacked, they had issues with their servers, and took down the website for a few hours because of that. |
|
|
|
I see a bunch of technical analysis having predicted this, but did they predict the Bitfinex thing? Where does the line between TA and self fulfilling prophecy meet or is it rude to ask this question?
If the market was very bullish, the bitfinex hickup would be forgotten within an hour, and would not have had an impact on the price. |
|
|
|
Wow, this is impressive
My guess is we'll go lower still so crypto is done?  If you call a good buying opportunity 'done', then yes  |
|
|
|
Wow, this is impressive
My guess is we'll go lower still |
|
|
|
Good volume and panic buying - it should have put in the top now.
You mean .0239 or the rebound that is happening from the sell-off just now? .0239  Yeah, I think so too. However, I think another violent selloff of bitcoin is also in the cards right now, not sure what that would do to the ETH/BTC ratio. In the past months an inverse correlation was mostly the case, but sometimes a positive correlation occurred as well. Guess we'll find out. Do you know any reason for the latest sell off of the bticoin? Is that just because it has risen too fast recently? I think mostly the fast rise yes. Plus the Australian auction of 24k BTC also added some sell pressure I guess. |
|
|
|
Good volume and panic buying - it should have put in the top now.
You mean .0239 or the rebound that is happening from the sell-off just now? .0239 Yeah, I think so too. However, I think another violent selloff of bitcoin is also in the cards right now, not sure what that would do to the ETH/BTC ratio. In the past months an inverse correlation was mostly the case, but sometimes a positive correlation occurred as well. Guess we'll find out. |
|
|
|
|
Show Posts
