The $3,000-$4,000 low will come in the blink of an eye. But first we retest $10,000 and maybe have a double top.
Yes it wont happen overnight, the $3700 bottom could be months/years if it follows the same pattern as before. I'm kinda sceptical it will as I am just as caught up in the euphoria as the next person. ( despite being all in BCH, I have some Bitcoin ETF exposure in my pension) could just keep going up! See bold - Butthurt OP with no bitcoin’s, trying to influence weak hands & noobs. Nothing to see here. $3700 lol, how can you base any kind of prediction on the Gox debacle which caused that crash. Try harder next time  Convert some of that Ver shitcoin into bitcoin. Oh please. A bitcoin talk post is going to move markets? People were saying the same shit in 2011 and it was pure nonsense back then. Now it's a testament to just how stupid some people can be. Maybe you could read my post a bit harder - *I have BTC exposure*. It's right there next to the bit you bolded. Maybe take a step back and realise its not all about BTC vs BCH rah rah rage. Try to keep on topic, was a reasonably decent discussion til you piped up. |
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Still watching bitcoinity like....  |
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I sold at $10 for the "crash" waiting to re buy................. so... ya.... I will never sell it all though.
Haha, I feel you. Taking profits at $2 cos you just doubled! Getting zhoutonged for 300 bitcoins! Wiring money into gox as its exploding so you can buy goxcoins for $100! Happy days  |
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You could be right but as RyN said... be careful!  |
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So legends. Such 'member. Wow. |
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Funny how this forum (and people in general) repeats the same mistakes over and over again. A big (and I mean fucking BIG) crash will come. Most gains will be returned, and the euphoria will die. Nothing simply 100x's and doesn't suffer a bear market after. Bitcoin doesn't only go up and wallstreet doesn't come to pump everyone's pockets full. OP may have gone full retard with BCH but that doesn't change the fact that inevitable crashes are inevitable. What I find most concerning is the other guys who have been here through a few major bear markets still think it can't happen to Bitcoin.
It will rise again, but it can't just keep going forever. It must rest sometimes. In fact, until this bull run, Bitcoin spent more time correcting than rising. This was a sustainable rally until very recently. Now it is starting to get out of hand again.
Just be careful out there!
Wise words. |
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Now it's almost 16300 on coinmarketcap and over 19000 on Coinone. So I wonder how the title of this topic is holding.
Still ok, we got $15.5 on regular exchanges. GDAX is being a bit weird. We'll see - very soon by the looks of it! |
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$16500 seems to coincide with sunday, which is the opening of CBOE futures.
I don't know what you are trying to suggest  |
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Then it becomes all tears...
I see you are feeling it too. Old timers know Yeah, old timers 'member. But when you live through one of these crazy bull cycles before, you realize that in the grander scheme of things it doesn't really matter. I mean, who really cares if it were to crash back to $5-7k now, when well all know full well it'll likely be up to $50k+ in 3-4 years? Or even by the end of 2018? The longer term horizon is all that matters. Hodl. And buy the dips. Well it matter's to me if the bottom is gonna be 5-7k? or 3-4k? cos last time I started buying back in at $800. Should really have been a little more patient |
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We have broad userbase support at ~$8k, and below that mining ROI support around $5-6k and climbing.
And with all the W$ money coming in, I highly doubt sub $10k coins wouldn't get snapped up in a heartbeat.
Yeah agreed and would tie in with what fabiourum is saying. Maybe what is different this time around is that Bitcoin has so much momentum now that it cant do a full hype correction like it has in the past, so it might just do a first correction to 7-8k but then resume upwards instead of the long drawn out recovery with lower lows. Well, I believe a big short would definitely be a shake out attempt and not a full on crash and burn. The biggest whales playing in the new futures markets want to exert their market dominance early on. It's all about control. Plus they want all the n00bs to shit their pants and panic sell, lol. Yes, for sure crypto isn't going away. I do have an uneasy feeling about wall street coming. There is a huge assumption that they are just going to pump pump pump. I'm not sure that's how it works. I think there is an opportunity here for them to capitalise, they have deep pockets so they can short it all the way down to where they want to buy back in, then acquire. Why would they pay todays prices? |
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We have broad userbase support at ~$8k, and below that mining ROI support around $5-6k and climbing.
And with all the W$ money coming in, I highly doubt sub $10k coins wouldn't get snapped up in a heartbeat.
Yeah agreed and would tie in with what fabiourum is saying. Maybe what is different this time around is that Bitcoin has so much momentum now that it cant do a full hype correction like it has in the past, so it might just do a first correction to 7-8k but then resume upwards instead of the long drawn out recovery with lower lows. |
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here is a colourful fellow illustrating the above...  Shouldnt the correction be to 0.618 level? At least this is what it looks like historically: https://www.youtube.com/watch?v=1J19gwjumJ8The 0.618 level in your retracement is between 6k and 7k. Also, notice theres only one red candle above it, which can point out to institutional investors joining the market. That would probably be more likely and in fact was staring me in the face. Lol. Still, I like bold predictions that go against the group - makes for better discussion! |
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The $3,000-$4,000 low will come in the blink of an eye. But first we retest $10,000 and maybe have a double top.
Yes it wont happen overnight, the $3700 bottom could be months/years if it follows the same pattern as before. I'm kinda sceptical it will as I am just as caught up in the euphoria as the next person. (despite being all in BCH, I have some Bitcoin ETF exposure in my pension) could just keep going up! |
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Well a correction is obviously incoming after the past few days. But obviously it's not going to go down that low haha. I expect just as all the other crashes this year it will go back to the base price of the current boom - $11k-$12k. It will recover back up to the ATH in a matter of days or weeks and we'll be over $20k not too long from now.
Bitcoin has not experienced a major correction (crash) this year. Everything to date has been pretty tame. Look at the $60-$1200 runup, lots of up and down along the way. Then you get the *real* correction. |
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I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.
I've been thinking $3k for a while, but today I was feeling an uncanny deja-vu and so I started to have a more thorough look. I decided $3k was just a bit low - looked to me like there was a lot of price action in the $3.7-4k region. So I went from there. I find it hilarious that 2 posts in and you were already being called a troll, simply for pointing out what seems fairly logical. This time could be different sure, but I doubt it. |
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Then it becomes all tears...
I see you are feeling it too. Old timers know |
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here is a colourful fellow illustrating the above... |
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Hello, Its been a while. Imagine for a second that we are nearing the blow off top, I'm looking out for where we might ultimately form a new baseline ( background) I'm going to say ~$3700 looks good  As you all know, this run up started around $200 $200 to $3700 is $3500 increase. If we do a fib retrace of 78.6%, working the math we end up with that $3500 representing 12.4% of the overall expected gain before it corrects. That gives 3500/ 0.1240.214 => $16300 gain. $16,300 + starting point of $200 = $16,500 Edit: fixed transposition of numbers 0.124 should be 0.214 Edit: added link to " guess the price Feb 19th" post |
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We are going back to sub 7,000 as we speak. Possibly a bear market for 2 years like last time.
hmm current price 10,000, that's not close to sub 7000 haha. 2 years hahaha, good one. I'm assuming you're just trolling to get responses though. No. j753k is right. We're in a long term down trend now, clearly. In fact, this will be the longest term down trend -- the final one. Sorry. Confirmer General confirming this news is from reliable sources, that are foreign and news. |
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When you lose the bet, but still win... |
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