$6245 is over $5000  I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again. These prices are literally ‘cheap coin’. Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat. It really looks like a good opportunity to buy... But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500... Hi I would be interested to know more. Can you tell us whether you have sold some previously since the peak, and your thinking? |
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Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.
Difficult to predict but I sniff a pump before the 31th December.
Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though. Regardless of small price movements (and that’s what they are atm imo) ......BTFD! thought your range was more in this direction : 6245 LFC_Bitcoinit would be better $6245 is over $5000 I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again. These prices are literally ‘cheap coin’. Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat. I agree but I think we will be in this hole or lower until late 2019. A February recovery is too early for me. I am buying now just to hedge in case I am wrong. i'm a bit curious, lets say it goes how you are saying it .... longterm that major bullish (and for you best work out road for BTC?) as in healthy etc let say theres a recovery much sooner ... february-march-may, and a BIG BULLrun following , would you say its more bad or ? or all the same but just another unexpected road followed by BTC? I think we have gone deep enough that this could be a base for the next bull run (from a technical / charting perspective), especially if we steeply climbed back of our current hole and leveled off at $6k. That would be hugely bullish. I also think it highly unlikely. I don’t think we will see $6k again before 2020. |
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Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.
Difficult to predict but I sniff a pump before the 31th December.
Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though. Regardless of small price movements (and that’s what they are atm imo) ......BTFD! thought your range was more in this direction : 6245 LFC_Bitcoinit would be better $6245 is over $5000 I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again. These prices are literally ‘cheap coin’. Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat. I agree but I think we will be in this hole or lower until late 2019. A February recovery is too early for me. I am buying now just to hedge in case I am wrong. |
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Hmmm in this case I actually drew the lines differently. Nevermind !
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Can anyone explain why the same line drawn on TradingView and Bitcoinwisdom, using the same price inputs, both on logarithmic scale, give quite different outputs?
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Things may possibly get a bit fucked up shortly. Or a nice bounce.  |
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There is an excellent article which I read which explains why odds are stacked against shorts in the long run. Shorting is always a short term play. I am going to try to find it.
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There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.
Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?
(snip)
I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).
The question also deserves a (WO)sMerit. Done |
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No one knows but price is only two dimensional. It can only go up or down.
As a general rule, the price tends go in one direction measured on a monthly basis.
If you are betting that it will go in the same direction it has gone in for the past 3 months, your bet will probably be right.
After that, it only comes down to risk management.
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^ Anyways it would be a short term W if anything. The reality is that no one knows if the price is going to try to break $3000, or bounce to $5000 or both things in sequential order.... No fucking one!
The price might stay flat until Christmas while everyone is guessing which way it will go. Whales like to dump on holidays. Christmas unlikely to be pretty. |
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Ok My understanding is last night's vote was an Australian style attempt to topple the PM. It was called a 'no confidence' vote but really was an internal Tory debate. Hence the 12 month rule which is only an internal Tory rule and does not bind Labour. A real no confidence vote would take place on the floor of Parliament and involve a motion brought by Labour which would have to be supported by Tory dissidents. Presumably political suicide for any Tory MP who supported it, although hard to tell in this day and age. Labour would then be asked to form Parliament, and if they couldn't Parliament woudl be dissolved and a general election called (assuming the Tories subsequently did not form Parliament). https://www.bbc.com/news/uk-politics-39630209My personal take is that a crash out is now the most likely outcome, so you may get your wish. |
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Hope you're using government-approved apps with the requisite backdoors on that there mobile.  Oh. That stings. No smart ass responses to that. Thought you'd come back with Brexit-lol. Approaches/exceeds your govt levels of stupid. So what is your take? - Remainers split and enough of them decide soft Brexit better than hard Brexit?
- Remainers and hard Brexiteers remain united and UK crashes out?
- Labour calls no confidence and wins?
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Hope you're using government-approved apps with the requisite backdoors on that there mobile. Oh. That stings. No smart ass responses to that. |
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Thank you JJG. Fixed. A hazard of posting from mobile.
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Aww man, there's a 1300 buy spoof order on Bitfinex. Looks like we'll drop.  Hate when they do that, it always goes the opposite direction. Except when they put the big sells in then everyone dumps. DOH It’s because walls are made of magnets. |
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Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?
Yes. You need to understand the distinction between absolute scarcity and relative scarcity. https://sfugeog322.wordpress.com/2012/01/19/absolute-and-relative-scarcity/None of the other commodities which are controlled by the futures market have absolute scarcity. Gold can easily be mined, pigs can be bred, marginal cropping land can grow more corn. Many of us, including many on this wall, are now dedicated to slowly, gently buying physical all the way down, no matter how deep it goes or for how long. Holders of last resort will create conditions of absolute scarcity. The reality is that the poor performance of gold and silver markets is a reflection of poor organic demand for precious metals, combined with elastic supply. People like Roach blow this up into a global conspiracy so that they can avoid taking responsibility for their own poor investment decisions. There is undoubtedly short term manipulation in almost all markets, but whales can only push the price in directions that the price already wants to go. For the record I do not think that the current downward price pressure on Bitcoin is a manipulation. I think it is a perfectly natural and organic reaction to a blow off top. |
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If you did not continuously admit to bcash shilling, ...
I have never admitted to 'Bcash shilling'. You need -- once again -- to check your definitions. I have admitted to advocating for Bitcoin Cash. I will admit to advocate for Bitcoin SV. But the universally recognized definition for 'shilling' is predicated upon renumeration for advocacy of some thing that one would not advocate for if the payment was not made. I have never shilled for any crypto. Your insistence in misapplying such charged language only marks you as disingenuous. And is evidence of the actual hostility in this conversation. Rubbish. You constantly talk your book. And you carefully provide misleading information when you do so. Most of the time, what you say may not be technically wrong, but invariably amounts to a misrepresentation in the broader context. And some of the time it is outright fabrication. This discussion is a case in point. You are relying on a historic definition of the term shill. We both know that is not how the word is used in 2018 in the crypto community. But you think yourself marvelously clever for having made the distinction. It would be most accurate to say you are a fraud and petty conman. |
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GGTPI And here I was thinking if you had to ask… |
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