We could see one more leg down to 2300. Or not.
I think this might have been a good call? Hmmm... |
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As bitcoin's price goes higher over time, the volatility will decrease. They said.
The % volatility will decrease, they said. Riiiight.
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by da fruking drip
beuy dis farakin deip reet naw |
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Sooner or later there will be a healthy Fibonacci 23.6% correction. At current ATH of 2760 that would be 2145.
No prob, the whales will gladly textbook paint that tape for ya.  |
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We could see one more leg down to 2300. Or not.
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Down and sideways for a few months would be an awesome sign actually.
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It depends on incentives. When women can leave and take half your shit for no better reason than they feel like it, then some women are going to do that. As it turns out, a lot of them.
Women like getting married, but they don't like BEING married. Who knew.
+1, have an upvote for what every married man will eventually find out the hard way. Usually when their marriage reaches the 7-year mark, or when their children reach 7-10 yrs of age. Whichever comes first. Until then it's all blissful ignorance and denial, lol. |
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When everyone is expecting the market to repeat past experience, it will shock everyone by not repeating it.
That's the way of it.
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I just want to say one thing: We will never see 400 $ again. Oh the memories  Yep, and I was buying 'em at that time too. While this forum was a virtual ghost town sledge pool, with trolls either yelling "cheap coinz!" or "it's going lower bro" or "bitcoin is done, finished". Tim Draper was buying too. And all the other U.S. Marshall auction winners. Hopefully some of the newbs will learn a lesson from this. But somehow I doubt it. |
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I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.
Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more. It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more. Everyone talks about "healthy growth" But there is something I don't understand... Healthy growth on a product, whatever it is, means that the growth is backed by a growing demand and/or a diminishing supply. In general it will be backed by an increasing use. Correct me if I'm wrong of course, but what exactly is explaining the btc doubling its price in a month? Did we double btc use? Btc demand? I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect". If you are thinking of "healthy growth" as in droves of people are rushing to buy some bitcoin right now so they can turn around and buy a coffee with it, then you haven't really been paying attention to what is happening in the world lately. More like "I trust Bitcoin as a store of value" more than "I trust PMs as a store of value". (Hint: One of the two is heavily controlled and naked shorted by unscrupulous central banks. The other isn't.) |
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So what happens when the exchanges run out of bitcoin, low liquidity, then the Altcoin bubble bursts and all the alt-loving newbs frantically run for the trade back to btc? $30B trying to get back into btc all at once?  |
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I see another ATH after an $80 correction.
I love this kind of growth.
I see $2300 soon. In the top 100 coins on coinmarketcap, I see 98 of them getting pumped right now. Absolutely insane.  |
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Does anyone else feel like this is all just the pre-game runup to something much bigger??
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oh look a new ATH how nice.
yeah. great. I s'pose. We are so jaded.... TBH, we are now just getting to a price level that I thought we'd be at in late 2014. I'm sure other longs feel the same. We long term hodlers have always known bitcoin was WAYYYY undervalued. It just took the rest of the world 4 years to catch up. What took them so long? And I don't even think 99.9999% of people with bank account access have even signed up to buy some yet. We are still very early adopters. |
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I'm going to laugh my ass off when someday ETC catches up to and surpasses ETH. Lol. Continuing to prove how hard forks can go wrong.
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Never fails. New articles up on CNBC, CNN, BusinessInsider, and Fortune today. Then a dump.
Every time media prints something about Bitcoin, it dumps soon after.
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