TA works like that too.

Keep drawing lines on a chart and sooner or later it will tell you what you want to hear.

Paper wallet users unaffected.

Not your keys, not your coins.

Good morn Bitcoinland.
One nine two two eight dollars
(Bitcoinaverage).

Up from yesterday,
The battle for twenty grand
Is long from over.

Maybe by year's end
We'll be ready to move on
To much greater heights.

Time is running out
To buy as much as we can
At bargain prices.

Sub- twenty thousand
Is like under nine hundred
Was four years ago.

So get your cheap coins
While we still have rock bottom
Prices while they last.

Good morning Bitcoinland.

Up about a grand after yesterday's low... currently $18596USD/$23750CAD (Bitcoinaverage).

Back over $19k soon? $20k before Xmas?

Go Bitcoin go.

People who buy fiat during an ATH aren't hodlers. They're members of the Cult of Tard.

Real hodlers keep their profits in Bitcoin and only buy fiat when absolutely necessary.

Don't confuse hodlers/investors with tarders/gamblers.

Tarders buy and sell willy-nilly according to the price. Hodlers steadfastly maintain their positions because they see the long-term potential of Bitcoin.

That's a big difference between Bitcoin and Crypto. Bitcoin has many investors who actually hodl. Crypto mainly appeals to gamblers addicted to buying and selling, seeking fiat "profits".

You have to develop a good working relationship.

My first OTC buys were from a miner I met through Localbitcoins while Mtgox was in the process of imploding. I guess he paid Localbitcoins that first time but we simply exchanged phone numbers so there were no middlemen after that. I paid him the current buy rate in CAD based on Cavirtex. He was happy to be able to sell enough coins to pay mining expenses without paying fees. He lived in a high-rise condo building a 10 minute streetcar ride from my home. We met and transacted in a glassed-in lobby under the watchful eyes of armed uniformed security. Because I carried only public keys, I wasn't worried about getting mugged on my way home. He was hoping to be retired before age 35. I don't think he had to wait that long. Last time I spoke to him was at the original Decentral the night Vitalik Buterin first announced his plans to develop his sleazecoin. Early January 2014, before Mtgox went down.
____

I met my current number one dealer first through Coinatmradar while I was still using ATMs. They had fairly low fees compared to most ATMs at that time, something like 4-5%. I recognized the address as being a local-family owned foreign currency exchange with whom I'd had good experiences, who consistently had the best rates on USD and MXN.

Turns out the owner is a Bitcoin enthusiast who organized meet-ups etc., and we hit it off immediately.  I paid 3% that first time and had to wait for a confirmation before getting the cash. After that I was paid as soon as the TX showed on the network. Before long I was paying 2% (or no fee!) and we usually chatted about current market conditions, Bitcoin politics etc.

Once before a trip to Mexico, I inquired about amounts exceeding the government anonymity limits. No problem. Just give a day or two's notice. Eventually I was sending coin to the exchange from the Mexican jungle with my brother in Toronto picking up the cash to deposit to my credit card so I could withdraw cash from an ATM in Mexico. Aaah, the joys of not having a bank account.
_____

Before that I met OTC dealers when I could. One of the first was a gold dealer I also met through Coinatmradar. The second time I went, their Lamassu ATM had broken down so they sold me some coin OTC. I don't think they ever did actually get the ATM fixed. It was always OTC after that but eventually I found cheaper places. They were also too far to walk to.

I also met several ATM operators because of machine failures who ended up dealing OTC with me. They were quick to cut out the shopkeepers to keep my fees down.

Not all the middlemen were cut out though. One met me in the bar where his ATM was located because he was undercapitalized and didn't have enough cash in the ATM. He met me 2 days later after raising the cash and bought me a couple of Hendricks martinis while we transacted phone-to-phone and cash hand-to-hand all under the watchful eyes of the bar owner who was the ATM owner's friend. When I commented about the large gentleman loitering on the sidewalk out front, they said he was a friend making sure I didn't try anything funny. On the way out we exchanged smiles. As it is, the bar owner agreed with the ATM dude to a lower fee to woo my business. It was the beginning of a good relationship. I guess she was happy to sell us 4 expensive martinis. He was happy to be a step closer to buying his second ATM.

We never used last names in any of these cases.
___

Ultimately it comes down to actually getting out and meeting real people and developing friendships.

Thank gawd I haven't had to use an online exchange since Mtgox.

It's faster, easier, cheaper, safer, and fully anonymous dealing face-to-face with an honest neighborhood dealer behind closed doors.

Hopefully you were long before Bitcoin.

Bitcoin just makes it easier.

Go Bawb go!

Good morning Bitcoinland.

Still bouncing along in the $18xxx range... currently $18083USD/$23118CAD (Bitcoinaverage).

Coiling, coiling.


There have been dozens like that over the years... Kwukduck (sp?), Proudhon (just a joker... not serious), Notlambchop (paid anti-Bitcoin shill), Fonzie... the list goes on and on.

Some are bitter no-coiners and some are just people trying to keep the price down to accumulate more. Ignore them. Don't feed them.


Nonsense. There are many of us who won't part with any of our coins except for selling a tiny amount every month to maintain out lifestyles.

Our main discrepancy is the projected top of the coming bubble.

You call for only 5 digits. I see over a quarter million before the big correction.

I guess we'll have to wait and see.

Dude. Love yourself. (*nomasto)

What you sold for $16.2k was for a good reason.

Continuing to accumulate is a good thing. Take advantage of these bargain basement prices.

Don't feel bad.

Good morning Bitcoinland.

Bouncing along in the $18xxx range (with a very short-lived dip under $18k)... currently $18447USD/$23615CAD (Bitcoinaverage).

Ready to resume the ongoing battle for $19k. $20k before year's end? Let's wait and see.

Go Bitcoin go.


Actually we're fairly close in our projections.

I've always pointed out that what has been happening these last few months is comparable to what happened in late 2016 not to what happened in 2017, must a month or two later.  

When we finally broke the old ATH in January 2017, we quickly had a massive correction from just over $1100 to just under $800. This was equivalent to the massive correction from almost $20k down to barely over $16k this year.

When it took over a month to reach another ATH before correcting again, naive bears kept waiting for $800 again like it was the holy grail. Needless to say it never made it that low again, barely reaching as low as $900 briefly in March before starting its long exponential growth up to almost $20k.

I'm not saying $20k will necessarily be broken this month or next, but it very easily could be. It's far more likely than going as low as $16k ever again. Talk of $14k is just wishful thinking on the part of foolish bears who made the mistake of selling and are dreaming of buying back at a lower price.

I was just taking exception to your saying that the "price can not go over 20k for months". It most certainly can and probably will.

Big downtrend? LOL.



Dump it?

Dump your fiat.

Why not?

2017 history? You mean when the year started just shy of the previous ATH and the price increased 20-fold?

Buying at $19k now is like buying at $9xx 4 years ago... a splendid investment opportunity.

If 2017 history repeats itself, anyone not all-in with Bitcoin would feel REKT.

OMG. JPY is is actually higher ranked than CAD.

Who'da thunk it?

At least we're all still top 10.

Good morning Bitcoinland.

Still fighting for $19k... currently $18885USD/$26190CAD (Bitcoinaverage).

Coiling, coiling, coiling... getting ready to go surging past $20k and on to new heights.

Buy while the coins are still cheap.


ftfy

Good morning Bitcoinland.

The battle for $19k continues... currently $19043USD/$23345CAD (Bitcoinaverage).

Coiling, coiling, coiling. Loading up the trebouchet.


https://www.snopes.com/fact-check/chuck-e-cheese-bitcoin/