Right. Will everyone just calm the fuck down. This is getting way too personal.
I am very clam. Offtopic: Why is Bitcorn dying? The doom winds are blowing. That's all we know. Have you been talking to Rosewater? If you zoom out and look at the 1 week and 1 month chart, everything is fine. (no doom) |
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Good morning Bitcoinland.
I see we've held last night's gains and we're still over $9k... currently $9288USD/$11733CAD (Bitcoinaverage).
It was just a year ago we were trying to get back up to 4 digits after a winter (northern hemisphere) dip down to 3 digits. Now we're looking at getting back to 5 digits after a winter dip down to 4.
Last year we had to wait until March to finally leave 3 digits behind for good. Will we be able to get it done earlier this year?
4 digits is getting boring. C'mon spring, don't be late.
Jimbo. I sent you my last spendable Merit for always being cheerful. See what happened when you left for a holiday... all hell broke loose. I’m glad you’re back. |
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Is that it? Correction over?
Q1 stock RSUs vest tomorrow, and become available for sale early next week. Additionally, Q1 bonuses are paid out early March. Expect buying pressure next week. EDIT: accuracy stuff Does this mean it’s safe for me to leave my crypto bunker? I had resigned myself to a repeat of 2014... (shudder) |
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Is that it? Correction over?
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Bullshit headline. "I started in September 2017 with about $41,000 invested and it gradually hit almost $600,000 around Christmas, which was awesome. But now it's $160,000.
"I'm not worried about losing all my money. It won't vanish into thin air, it will have its peaks and troughs, there is going to be mass influxes and mass exoduses of money."
First of all, that fucker is up 120k+ still and at what point did he go to the papers when Bitcoin was less than $5300 and still give them time to print a story with a very misleading headline? Made up story with convenient anonymous fuck. I hadn’t thought about that, but you make a very valid point! Fake News! |
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"bitcoin is a bubble"... Not is not, global economy going down hard like never before.  Historic dump on wallstreet. That will be from the banks stopping printing money for bail outs. And people complain bitcoin is volatile!. Dow has just bounce back 800 points. |
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This thread doesn’t have enough panic. It’s hard to gauge when this will reverse because no one here gives a damn!
Come on people!! Start panicking!! I want to see... Fear... Uncertainty.... Doubt! And lots of it! Now!
C’mon! Let’s get a proper crash going! This is just an apparent namby pamby correction.
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So am I right in assuming that crypto is really done this time.....?
You ever see that movie "Romancing the Stone" ? Bitcorn is Michael Douglas right now. He just got a shot square in the nuts, but it ended up hitting a huge concealed emerald that is now slowly making its way down his pant-leg. When the gem finally appears - resting on his boot - people will be momentarily dazzled. It will then get kicked up in the air, and then all unholy hell is going to break out, and then God-only-knows where we end up. I'm guessing somewhere back around $10k by end of February, but that's taking a wild guess. I’m a sucker for punishment. I keep sending fiat to Bitstamp! |
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So am I right in assuming that crypto is really done this time.....?
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Has anyone else gone through an obscene amount of alcohol in the last seven days or is it just me?
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...
Excellent, logical and positive post! Would have +1’d but I ran out of spendable merit! ** If you need 2 merits to get one sMerit, will everyone eventually run out of sMerit? |
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Haha! That brings back memories! A lot has happened in 5 years. |
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I think the idea of "Guvs" and big banks was to buy up all know bitcoin in sight during the last 8 months of 2017, drive the price up to kingdom come and then slam the market into the ground in attempt to destroy confidence in bitcoin as an asset.
They had to do that to avoid the worldwide debt bubble being "pricked" by bitcoin.
May or may not work.
I also think this would account for some of the bizarre dumpfests... Ie.. ‘Hey look! Bitcoin is recovering and seems to be gaining momentum and may end this month/week on a high ... let’s dump the shit out of it... so it doesn’t end the month/week on a high an I can maximise my...er....losses!!’ Yep. That seems legit! |
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This user is currently ignored.
WTF has this this got to do with bitcoin? Consider yourself permanently ignored, dickhead. You won't regret it! I put him on ignore a few weeks ago and find the forum a much better place without him! |
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I raise a toast to all my fellow holders! - There's nothing quite like seeing your wealth cut in half in a matter of days! If it carries on dropping at $1500 a day, they should be completely free by this time next week with noobs even paying us to take their Bitcoins!  |
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At times like this I wish I had some spare money |
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The problem is, the correction's just far to sharp and deep for it to be the start of a long term bear market. What's happened is it got overheated in December, then the bubble popped. Then shorters took control and it gets oversold. Then the short bubble pops and it generally ends up halfway up the retrace where it stabilises. So that would be around $13,800 if it spikes down to, say $8800.
If it really was the start of a long term bear, what usually happens is you get a bubble popping to, say 30%, 40% retrace, then a slow build up over a couple of months, then lower highs from there on for 6 months to a year. This isn't like that. It's a perfect bitcoin overheat retrace type correction (IMHO that is).
Lets see what happens when the shorts close and re-assess as we're getting into oversold territory at increasingly long ranges now. RSI is confidently oversold at all ranges up to the 6 hour already, 12 hour is just entering and 1, 3 day are not far off.
I agree. I mean, just look at the 1d chart on Stamp. The short/sell volume has been falling ever since the ATH. Right now in comparison to previous legs down, it's pathetic. If you watch Bitstamp on Bitcoinity, there are multiple sells of 0.02 and 0.01 BTC followed by buys of 10 BTC. |
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