I think people should stop looking for reasons and accept that the demand is gone. If it wasn't the ETF speculation somewhat holding the price up we would be testing newer lows already, and we might still. Instead of focusing on price increases start focusing on spending Bitcoin and using it for a wide variety of other things. Less speculation helps keeping the fees low and should incentivize people transact more. That being said, I'm probably talking to a wall and no one will bother to pay attention anyway since people's hope for a bull run remains relatively strong and won't vanish unless we start tanking....

August 04, 2018


BTC is currently on a slow grind up within the current consolidation zone between $7,500 and $7,250.

We’re currently printing higher lows as we march towards the 0.236 fib level but it would not surprise us to see a bearish retreat and retest of $7,265 level as we could potentially be in a bear flag pattern. 

We would view any break and close below $7,200 as a shorting opportunity to around the $6,860 level.

On the other hand, if we witness some convincing buy volume at the $7,200 mark, we would consider going long with targets as high as $7,800 but more conservatively, would look at possibly exiting at $7740 or even $7,520 depending on the bullish momentum.

There are events in the past or even recently wherein price is going down without such "exact" logical explanation.

I stated a statement like that to changed the mindset of the OP that's it's not all about ETF rejection or whales are dumping. There are lots of factors that can be associated with this price decrease. OP is worried because he did bought during the start of "bull run" thoughts on which Im assume he did his buying at $8,000 or the highest price it reached last week or so.


OP must take note of this.

You are worried so it means you don't fully understand the risks. Instead of worrying, try to make up some strategy how to deal on it. If you are eyeing for long term goals and your purpose is "just to hold" then you can disregard the price movement for now and just sit back and relax.

Anyways there is no exact reason for this price decrease. Removed that ETF thing as one of the main reasons because it's not. Maybe at small percentage but the rejection just stopped the bull hype. Also how come we will know the purpose of those whales why they sold "if ever". There's no proof we can take that they really dumped.

If it will go back to $6,000 then so be it. It's now up to you to make an analyzation on what things should you do, minimize the loss or still hold.

If you bought bitcoin just recently don't ever expect that you can get profit in just short period of time. It's not how things works. Or if you are really worried by now and don't know what to do and let's say Im in the same situation as yours then I will hold. I say this to minimize your worries. Up to you to follow.

you can't find any reason for the drop because a small drop doesn't really need a reason. they happen in any market and they are called fluctuations. going from $8000 to $7300 is just a 8% drop, not a big deal and that took a couple of days. and we have not yet broken any major buy support so that is another reason for this not being a big deal.

These has been always the behaviour of the market for several monthsfor, what's new?

Why you didn't do your homework in understanding the risks the moment you buy bitcoin. As you mentioned you entered because you "thought" that the bull run will now start. Price fall is price of the risks and you must understand that.

We are the one who must to adjust rather than the market will adjust for us.

The deal was made between me and the Bounty manager. I never talked to any of the ICO teams and he process the payment.
Kyc.Legal PM7 had a successful ICO and after that turned out to be scam. I did received the tokens from these two but it never reached any exchange due to the team completely disappearing after getting funds.

I did got paid with the campaigns they ran for MMRS and Icerockmining
And I'm still waiting for payment for the signature I made for Puregold which had a successful ICO

The failed ICO I mentioned is safe.ad


Anyway I'm just asking. And hoping that the ICO teams get negged. I know it isn't the bounty managers fault if an ICO turned out to be a scam but I'm just wishing there is something that can be done to teach them a lesson here that they should do their work properly.

Why do all care about this merit ? I mean its useless and means nothing actually.

You have a very good question there Findingnemo!

It is quite frustrating at times to try explaining what bitcoin is, not only to ordinary people, but even to those professionals and executives with computer background.

And with the news agencies bitter coating bitcoin, the fraudelent impression just keeps tainting the world of this digital cash black in confusion.

Perhaps the best way to introduce bitcoin is treat them to a nice restaurant that accepts bitcoin, announce with bravado to the waiter that you shall be paying with your bitcoin wallet. And once the bill has been paid, i'm sure your friends will ask you what bitcoin is? Then you simply answer, it's a digital cash. Surely, they will understand better. #winks

Okay, you're doing too much. What are you, digaran's bitch? _jk.

On a more serious note, you weren't scammed. Not for 1$ ,and definitely not for 840/960$. Both of the parties involved did questionable things here. You, are twisting words and causing a ruckus here and blackmailed him that you'd open a "Scam Accusation" case against him. Jeremypwr, made a mistake and admitted it. Where he is actually wrong is, him asking you to delete your posts. That is not extortion, he gets nothing from it, not directly at least. Its sort of blackmail. And he should explained why he removed you, it would have made things a little clearer, although he doesn't has to.

The best case scenario here: WaffleMaster gets his money for the last week if he hasn't yet and Jeremypwr and WaffleMaster both apologize to each other for their wrongdoings.

And that sig of yours, that's some next level butthurt trolling.

I can remove you from the Campaign at any time, for whatever reason

Many bitcoin gambling sites will allow you to verify the results so you see that they did not changed the results after the fact, however the most common way in which I have seen casinos to scam their users is by simply not paying what their users won, if you take the time to look at the scam accusations board you will see that is the most common complain among those that complain about casinos, however sometimes the casino is right in not paying their customers since they cheated or violated the terms of service of the casino in which case they are completely justified in not paying the cheating customer.

lol. many people would have been rich if sport betting is easy like this . we don't even know if the game was fixed .


yes you are not involved too much because you are only betting a few times  . i do also agree about the manipulation thing that you have said earlier . some sport gamblings are actually manipulated in order to turn the tides . you cant just choose the best players or team because that will be verry easy for you to win if its not manipulated .

Earning 1% per day is seemingly very easy, but in reality it is not. Actually it can be achieved when you are patient at first but it is really hard to achieve because we are greedy.

unfortunately there is lots of FUD that has misled many people but i still don't believe that the majority of people in the world think that way. i believe that most people already know that bitcoin is not "illegal" or "used by hackers",... but the reason why they are not still getting involved with it is the volatility, the FUD about it "ending bad" and things like that, and the thought that bitcoin is complicated.

you usually can't change the opinion of those who think negative.