What I have seen the last days is that every time we thought there was some kind of bottom, it took not long and the price decreased even more. I don't know what you call that in chart analyzing, but it is similar to a long row of small bull traps. Right now I still see that pattern intact.
It's called shaking out the weak hands  |
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Seems like you called the bottom |
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Let's try 25k-50k this year |
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Me <3 Lambo  |
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Buy High - Sell Low |
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Thought this would be another panic-bitch thread but it's a realistic prediction. I'm hoping for stability and the return to a gentle climb. $1M @ 2021 sounds good |
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F EAR
U NCERTAINTY
D ESPAIR
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The more worrying the better. Blood must flow. People must get burned. Once this happens we have shaken all weak hands and we will shoot up so they don't get in again Basically we are kicking all passengers off the rocket to lighten it up for liftoff |
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Hopefully we will be going sideways for a while, this means the market is stabilizing...
Chances are we will end lower.
I'm hoping we hist $7600 and then go up above $9500, effectively making a W pattern and going back into a slow bull market again.
Would you make a prediction for 12pm tomorrow night (Tuesday)? Compared to $8230? $8230 and I'm not bothered to look up the time difference  ... Sideways is Sideways |
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Is it time to realize that bitcoin's high price principally came from speculative sources and not real world utilization? I know I will get a lot of negative replies by saying it, but a simple look at the market shows that it is true. With the speculatory mania gone, what does the bitcoin market really have?  Richard Jackman, an economist at the London School of Economics, and Savvas Savouri, an economist at Toscafund Asset Management, however, estimate the coin is still trading far higher than it should.
That number, according to Jackman and Savouri, is a mere $20. Here's their logic:
The supply of bitcoin increases only slowly towards its famous fixed limit and is now around 15m. The use of bitcoin as a means of payment is currently around $100m per month, or $1,200m a year. Were bitcoin just like ordinary money each bitcoin would be used around four times a year in making transactions. So we have 60m bitcoin payments supporting $1,200m worth of bitcoin transactions, which requires that each bitcoin is worth $20.
There's always a "but" with such analysis. And the "but" in this case is that bitcoin could be worth its current value, but it would have to see a 1000-fold increase in its use as a form of payment. Read the full article http://www.businessinsider.com/2-economists-just-eviscerated-bitcoin-saying-it-should-be-trading-at-20-2018-2What a load of crap .... OK so a store of value is based on transactions ?!?!?!? Following that logic I can say that a Picasso painting isn't worth anything because no paintings are being sold  Maybe I'm not an "economist" but a store of value should be based on work. But since money is printed at will those "economists" probably forgot the basic principals. If you can create a bitcoin for $20 I'm buying your product |
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Hopefully we will be going sideways for a while, this means the market is stabilizing...
Chances are we will end lower.
I'm hoping we hist $7600 and then go up above $9500, effectively making a W pattern and going back into a slow bull market again.
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no-one knows what is going to happen but there has been 50%+ loss from january and it is still falling. the price of bitcoin is still massively inflated so it should stall further. i am holding altcoins and if bitcoin goes then i hope that some of the alts takeover and moon  I don't think bitcoin is 'massively inflated'. As for altcoins, most of which are falling hard today. The only big one that is green is ethereum. Ethereum is the new Dogecoin....  |
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I think Bitcoin has financially raped enough people ... seem to be going up again. Congrats we survived another dip of Bitcoin. Wouldn't be surprised if we go sideways at 10k for a while.... or get some crazy flashcrashes. On the way up we will get some people leaving at 19k since they want to get out break-even |
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If I didn’t sell my stash at $19,xxx I sure as hell am not going to sell a single satoshi now.
+1 and I'm sitting on quite a wad of $$$ Anyway we seem to be going back to 10k And people the best place for your Bitcoin is offline, also prevents you from panic selling |
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I believe that bitcoins need to be divided from other coins. Meaning in it, if there are much better projects? I do not really like it for the current momnet - you can only earn x 10.
Spoiled mofo .... The only other business you can make 1000% gain is selling crack to kids.... |
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Where's faiiiiilllliing in these desperate times  |
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Money goes from BTC to ETH when there is a bloodbath and back when all is well.
Transfering between crypto is easier than to $.
Meaning ETH will get hit hard once BTC goes back up.
We used to see this same effect between BTC and LTC.
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Can someone explain Why are we again falling down?
Is it beceause of the fud? Panic?
What fud came out? Ore there ja Just a big sell wall??
Stupid money didn't get rich quick |
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title of this thread is WRONG
We are dropping below 9K real quick
9240 now ... where you looking at |
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FUD |
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