Lol.bullish? Last april btc jumped 1k usd in a matter of an hour yet that by far isn't a bullish indication. We even went to an all time low for 2018 after that. And i think we're back to 6.5k so not bullish at all
At this stage, anyone who is even smart should be careful of any quick pump in price which could end up being a dead cat bounce. There is nothing bullish about this market even in the short term at least for now. We are still bearish in a huge way and the bulls are not even considering yet if they should be entering the market or not at any point in time now. There is still a huge chance for the market to go lower anytime soon, but I am looking forward to seeing the price action on $5k. |
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I'm pretty sure that the last $5k mark crash id going to be the last of it. It bounces back easily and a few more months, we could see bitcoin going unstoppable on the last quarter. I'll be honest that I panicked a little and I'm sure some of you did too.
I never had a doubt that BTC will come back to 20k again. Watching those curves every day and I still think the same way, BTC will not go down under 6k. Maybe it'll go up to 7-8k and then drop a little but in the end it'll reach 10-15-20k. We'll see soon enough. I do not see any reason why anyone should ever have such a doubt. It might take time to get to see it, but it is not like at some point it would not end up happening. Certainly for now, we are in a bear trend and how long the bear trend is going to end up lasting is best known with time. Nevertheless, this is an opportunity for everyone to start taking advantage of the dips and seeing how they can get to buy at these points. I do have the feelings that in the short term, we may end up hitting around $5k though. |
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Since I started with bitcoin saw the rapid rise and decrease of the price, so as I read the news and other blogs about bitcoin this is the things that constantly alter bitcoin value. 1. Government policies and regulation (sometimes banning of bitcoin), like Russia, India, S. Korea and others. 2. News and media sites ( closing of related bitcoin site and hacking like $60m cryptocurrency hacked https://www.wikitribune.com/story/2017/12/11/technology/nicehash-ceo-speaks-out-after-60m-cryptocurrency-hack/27212/3. Intended market manipulation. Some player buy large amount of bitcoin it causes the bitcoin rise in the market. 4. Limited supply of bitcoin not more than 21M tokens, in high demand. 5 Other policy of central bank. This is few reason why bitcoin alter rapidly. Every news can actually affect the prices in the market either it was a fud or government decisions because investors are always waiting for the speculations so obviously the traders will change their mind depending if it was a good speculation or bad. These days I would not consider news as a factor that actually affects the market than FOMO and FUD. This market is highly speculative in nature and it is not like it is being used by many in real life as a currency which makes us to even remove the real demand and supply out of the equation. As far as I am concerned, manipulations by whales, traders trying to do their thing by spotting the movement, and so on are just the things that are driving the market as it is. |
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As you said, it was a huge correction of the crypto-currency market. I believe you that this is absolutely normal. I still do not lose hope of price recovery.
Good for you that their is no room for losing hope. This is actually normal as the price were have been like this for long. Crypto market will soon realized with more adaptions and more demand that price will recover. Yeah, here we are with the bear market taking the toil on the market. Normally, and like you said, bear market cannot simply be forever and there will always be time for the bulls even if it is a short term move upwards. For this year, the correction is still intact and it all depends though on how everyone is simply seeing it. Time to buy more or time to panic and sell, for someone who is wise enough, I believe the former would be more in their mind than the latter. |
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Blockchain is new revolution for many fields and this is going to bring many new changes in next few years which could be very helpful and give easy to work for common peoples hopefully we will feel more comfortable with this change as its bringing new breakthrough technology
Yeah, the fact that it touches almost every sector of life based on its application makes it very much interesting. Health, legal, banking, engineering, name them all; blockchain technology is going to be bringing a huge evolution into these sectors. For the banking sector, we all know they have always been a necessary evil from the onset, but now that blockchain technology is here, the evil is no longer going to be necessary any more. All that banks ever did was to find a way to keep stealing from us and making sure everyone gets indebted, but this is the freedom. |
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I think because they are well funded companies with values brands. They don’t need to scam their customers with a potentially scammy ICO to raise a few (hundred?) millions ruining their business.
Disclaimer:
I still have to find s single ICO that is not SCAM.
My two cents,
F1
Usually, the essence of public funding is to generate funds to build a start up with a product and use those funds to get it out there and take it to the top. For products that are already doing great for a very long time now and being used, where the owners are making shitloads from some of them at least, I do not see any reason for ICO. Although, if conducted anyway, I do not know how the investors are going to perceive it, but one way, unless they want to integrate blockchain technology, I really do not see any point. |
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It’s a good question!
Let’s say the price drops at what level would you buy in and HOLD?
Please be realistic?
For me-4500 USD
In the short term, $4500 to $5000 for me is a good buy since there is a very strong psychological support here anyway which could help create a bounce in the market for a little bit of an uptrend. Realistically, breaking below this would mean there is going to be a huge rally to the downside, which I do not expect in the short term anyway. In the long term however, $5000 to $6000 will be a very whooping 'Go-all-in' for me, even if the market wants to decide to go lower which I would not really care than to possibly buy more if I have the cash. |
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this is very risky, most of these coins do not grow, the chance that they will grow very small, you can lose a lot
I want to believe in the crypto space and most especially when it comes to altcoins, everything is risky. However, when it comes to low volume, I will say that depends on the project and no one should be using low volume as just a basis of investment alone, but the product available and the possibility of seeing a demand for it in the long run. That is what matters; otherwise, it would just be more like bag holding a shit coin because it is mostly shit coins that comes with low volume. |
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Now is the right time to buy altcoin, this is because the current market price is in declining condition, so if the market condition returns to normal again, if you want to sell it again, it will bring huge profits for you who have already buy the Altcoin.
Yeah, a lot of those altcoins are actually at the rock bottom right now with so many of them trying to catch the next breath. However, I feel there is still one short term move of bitcoin downward and that should be a very good target for most of the altcoins in this scenario to be able to load up quite a number of them. If things work out well, we should see some good movement upward by July for most of the market. |
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The situation with bitcoin is fishy, to say the least. I have been following the mining costs, and the relation of hashrate to the market price, and what worries me, here, is not the bear market itself, but the fact that bitcoin is way below its mining costs. Not only bitcoin, but litecoin too. A situation like that can lead to a breaking of small mining companies, which would increase centralization in the hands of a few.
You cant say the same about ethereum, which, although also in a bear market, is still profitable to mine.
Knowing that bitmain is the main miner in the bitcoin market, and that the biggest mining companies have joined CME futures, what is the probability that bitcoin cash might jump in the next three weeks?
I have been thinking about buying it, and even researched for some wallet that would not conflict with the Core wallet (the ABC wallet did that).
Those who have been following bitcoin cash, can you give some advice about it? What are the prospects about it?
You mean that shitty coin of Ver? I dont see any coins that would able to surpass Bitcoin and those forked coins are just still considered to be altcoin in the market. Bitcoin do really have flaws but havent you consider that people are still staying? inspite of having those flaws? Bitcoin cash might have edge but im not spending a single cent with this project,not due that it isnt good but i dont like its owner.  I admire and respect your opinion, but i recommend that you do an "out of the box" analysis to understand the real reason for Bitcoin cash, maybe Roger is not wrong. there are dubious technical aspects in Bitcoin Cash and this can soon be solved, to add the market is changing and Bitcoin cash is one of the keys. Well, I see some reason in what you have said, but that still does not change the fact that it is highly manipulated and I do not see any reason how that is going to be changing. Well, maybe when we get to see the real life case in terms of the whole market being used and not just based on speculation, then we can really judge which is the best or not. For now, everything we just do is based on assumption and a lot of promises, and this is one of the reasons why it makes it so easy for the market to be manipulated and with manipulation, I am not just referring to BCH alone. |
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So, I joined one of Bitcoin gambling website last year on September. It was the first time that I played gambling game such as dice and after that I used to play and I couldn't leave the website. Than after some months I found another gambling website called Stake and there also I couldn't levae beacuse there 12 different games. So, till now I'm playing both of these websites. I have been in love to play there because there are a lot of features such as provably fair, Jackpot and free faucet first of all!!! Maybe you are still winning for the mean time, but before your story would start changing, I would advise that you at least start cautioning yourself bit by bit and know how to limit yourself, so that you do not end up getting extremely screwed eventually as things go on. Also, do not be so at peace with the provably fair, as I have never for once trusted any of this. I had my own lessons the wrong way in the past, and I quickly got past it knowing all this is just a sham to get your mind twisted into gambling. |
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The only time I ever found success in gambling is through playing of lottery. The thing is that I really put so little knowing that it is nothing and it is all about luck which I was surprised to see one day that I actually ended up winning a whole lot than I would have imagined.
A lot of people always concentrate on the aspect that they want to win at all cost and because of this they eventually end up losing everything just like you have said, since they decided to stay with the winning impulse and that is where the whole addiction thing starts.
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You need to have a better self control, change your mindset, gambling is not supposed the place for making money and you can't expect to win all the time, if you can't handle the lost then maybe gambling is not for you, if you force yourself to play you will end up more frustrated and even can fall into addiction
That's definitely a rule that everyone should do. In the gambling section, there are a lot of topics that could help you with gambling addiction, and I guess reading it wouldn't help because an action is needed. That could be seen and be read in most of the threads. If you manage to create the action for yourself, you wouldn't be in deep trouble. Where the mistake usually comes from is that, a lot of people always feel relaxed at finding a strategy and believing that is enough to set them up to making good gains from gambling but forgetting that things can change in a minute. I remembered when I started using martingale to gamble on dice and roulette, I got so comfortable with it until I realized no matter what, the house edge will always test your control once in a while and we get to fall for that as we keep betting higher even with the losing streaks until we are totally out. |
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i gave you merit because of the effort although i disagree with what you said  why did you choose 2013-2015 chart to compare with 2017-2018 chart? bitcoin was not created in 2013. it started back in 2009 and there are charts for nearly as far back in time. additionally we have had the same "market cycle" multiple times before 2013. i agree with Tytanowy Janusz about Wyckoff . also i would like to mention that this type of analysis, generally speaking TA has never worked for bitcoin as much as you like it to. I really do not see any problem so far in using history to judge. The only difference I am seeing so far in the 2013 - 2015 chart and 2017 - current chart is just the speed of drop which the pace is faster this year but if we are really to look at the graphical representation of things and the way things are going, it sure looks a lot similar. Yeah, we cannot be so quick to judge yet as the market may want to be so fast at responding to certain things, or sometimes, I may even want to consider the whales trying to deceive to dump and stir up some panic, but in that case, time will tell how things end up. |
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I prefer the hodl method, although that has hurt me very much lately. Day trading does seem like the better route overall, but if requires much more skill and dedication.
HODL method is more like the lazy man's method and truly the easiest for anyone who does not like market noise. Obviously, we cannot all be traders for reasons best known to us, but we can at least all be investors looking forward to the future of our holdings irrespective of what the present condition looks like. Day trading is even a lot more risky than normal trading which to me is far from it, as you are more like the noise of the market and comes with a lot of risk. Mixed of both day trading when the fluctuation are predictable and always holding some bitcoin is the formula, I am following right now. |
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It will not be possible. bitcoin will return value 20k, but it takes time to restore confidence from investors. If it's a long-term investment, it's going to be easier, but with many investors seeing the bitcoin value as a whole, they are already hurt by the psychology and the big swings. wait and be patient ... bitcoin will be safe in the long run.
It will really take some time before investors could go back to the ecosystem. Not with all the regulations and the FUD and government banning. We need something concrete that will restore their confidence and says that bitcoin is still a good investment. Its really hard to imagine going from $19K to $6K but who knows, maybe next month we will hear something good that will change the attitude of our investors and suddenly pour their cash on the market. Not everything is possible as there are somethings that are not actually realistic. No one should deceive themselves as this can only happen in a case where the trading volume is probably just $100. We are talking about a huge capitalization here and even though it may not be that huge compared to when institutions want to kick, but obviously institutions always look forward to buying at dips and not just buying everything at once all the way squashing the sell walls. Moreover, market will always have a way of playing out and that includes several moves to try to break resistance or hold at a particular support. |
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Thanks for the predictions but i would still stick to what I'm doing. I mean predictions are good and all, but all these speculations just keeps my hopes up then disappointes me in the end. I would much rather see the trend myself and then bet on who i think would be a winner in the end.
Anyone who is even trying to predict this market is totally wrong and except one is simply following trend, you may just end up buying wrongly. The thing is that you may think you are buying at the bottom, but that is indeed not the bottom as the case may be, coupling with how volatile the market can be. As far as I can just relax, be sure the trend is changing, then, I preferably join the trend without forgetting my stop loss, and with that, I have had more winning trades over the years than losing trades instead of gambling the market. |
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The simple answer is No. Bitcoin won't be counted as a safe have for your money or any other cryptocurrency in that matter. Come one guys it is the recession, unemployment is up and profits are down, the only way to compensate their need for money is of course liquidating their assets and cryptocurrencies being more liquid compared to real estate, I think cryptocurrencies is are the first one to fall. I maybe wrong but more liquid assets tends to changes more as they are easily sold unlike real estates and other immovable properties. Bottom line is no asset is safe during the recession, but this could be everyone's opportunity to catch something at a cheap price.
Well, you may have some point there but have you not imagined the fact that since bitcoin is deflationary and which makes it a possibility of the fact that it is a new technology, the institutions may want to take good advantage of it to store up value and once that is done, we all know obviously the value will get driven up and then we get to see others trying to pop in to survive. Looking at the way things have turned out over the years, I feel this look more like something that is more possible than seeing the value of bitcoin get tapped down but like you said, any of us may be wrong until we get to see how things actually turn out. |
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You could try timing that buy perfectly. More likely than not though, you're going to see that you'll try buying in at lower rates thinking that this is not the final correction coming in BTC's way, and miss out on the true bottom and potentially have to buy on the way up.
That risk is something that I personally don't like taking. Which is why I'm holding onto my position because of the fact that prices can't go much lower than it already is (there will be a ton of buying pressure at $3-4k most likely), and also, if I do sell now, I gain pretty much nothing.
Never go with the crowd sentiment. The popular sentiment right now is panic selling, which means that prices are overly dumped and undervalued. If BTC goes lower than it already is, I'd actually be prepared to buy instead of sell.
then go long with 3x margin at bitfinex, dont just talk so loud If you actually get him clearly, it is not like he is trying to give the theory of the value not going down lower, but the thing here is that selling now after holding for long already is pretty much a terrible mistake since there could still be a possibility of a short reversal anyway before we even get to hit the $5k probably. Going long now is not the case, since what we are talking is not leverage but in terms of real asset selling, buying or holding and he sure do have a point. |
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This is a question i kept asking myself & some people if it's possible for bitcoin to go below $5000 because some are predicting below $5k.
I have been buying the fucking dips from $12000 but am fed up.
So sorry you have been buying the dips since $12k but at least if you are doing it with the right ratio, you should still be fine. The thing is the possibility of bitcoin really going below $5k is still there but since you have taken it up as a strategy to keep buying the dips, I would say this time around you chill to see how the trend is going to be playing out and wait for this possibility to happen before even getting in at all. Hopefully, you may get to see $4k to buy if you are lucky and if we do not end up seeing a huge increase in volume and value from here. |
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