Charts are only representation and reflection of real market events.
Don't fell into a trap of comparing price charts and look for similarities expecting them to become a trend, they are usually are purely coincidental.
I agree but the reason that technical analysis works is precisely because of the psychological expectation that other people think it's going to work. It's just a hivemind thing were the majority of market participants think a certain figure is about to form so they all act alike thus creating the figure, like a self fulfilling propercy. In this case, yes, we may see $100,000 per BTC if the exponential growth continues. Of course, we always have external factors that can destroy those TA thoughts. |
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Past performance doesn't guarantee future performance, but it can help trying to guess what's going to happen. Then again, no amount of technical analysis can predict something like what we saw recently (chinese government regulating exchanges or whatever other news that can cause a random ass super flash crash). So we can't predict anything, at the end of the day is a gamble so good luck. What's sure is, bitcoin is a great invention and will never disappear, price is another different story tho. |
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Below 500 is smart buy Shakes head... This particular board seems to be a filter for all of the dumbest members of bitcoin.talk. Sorry, I don't mean to pick on you, but this comment is particularly foolish. Yes, right now $500 seems like a great buy... because the price is way over $500! If you can find anyone to sell you btc @$500 then of course it's a good buy. The current price factors in the situation right now. Some would say that the price *is* an accurate summary of the situation now. Now if there were a bunch of reasons, or a big reason for the price to drop to $500, then $500 wouldn't be a good buy to most people. By definition it would be a good sell for around half. Those are the kind of people that always see a good buy 100 or 200 dollars below whatever current price it may be, and if we were at 30 dollars, they would see 5 dollars as current price. Those are the guys that missed the boat since day one, they can't never decide so that's why they never take action, and the only way to remain the same as you are now is to not take action. |
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I am holding the coins since it was $450, but that doesn't mean I am not selling them.
I sell the only part that I need in extra to add some more fun to my life, the other part that I have been saving for future, is the part that I am not going to sell until I see the best price for it.
$450 was a good entry point, it's not going to get that low. It will probably stay within the 600-900 range for a long time... after all the chinese fuckery ends, I expect we will climb FAST again since the fears of a fake chinese huge market will be vanished. |
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If Bitcoin will also grow rapidly as it did in 2016, it is likely that in a few years it will be used everywhere.
I agree to that. More and more people are liking the advantages bitcoin has over traditional fiat currency and are accepting it on their business. Moreover many poor countries have been using it and less of fiat. However it does need more acceptance and spreading. Once the acceptance grows the prices are bound to increase and then traders can happily trade of large volumes as well. Entirely false. Poor countries don't even have any establishment to buy from using their bitcoins. Even if they do have bitcoins because they work online or whatever, they would still have to convert it to fiat first so they can use it. This is the same case even for first world country people. The bitcoin community is much smaller than you think it is and the number of people using it doesn't increase that much too. To start establishments and an economy you need a currency, bitcoin can be a viable currency for the countries that don't have stable governments, since bitcoin doesn't depend on governments, of course, until we get a solid LN working, we can't even fathom the idea of a nation using bitcoin without LN since we can't deal with the amount of traffic capacity that would be needed for that. |
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What do you mean 'segwit has stalled' ?
That's not my understanding at all .. seems like SegWit will be rolled out very soon. Just a few technical hurdles to overcome
How tho? it seems like it's stuck to me: http://bitcoin.sipa.be/versions.htmlWe are going back to 25%... looks like Litecoin will have segwit before Bitcoin will. Sad to see. The miners that aren't signaling for segwit right now should be ashamed of themselves. Fucking retards don't know shit about bitcoin, they thing they are a big deal just because they got in the mining game early and stacked up mining farms. I despise the miners. |
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Are you kidding? FBI has been doing it for a long time now. Very easy to do. Very hard to undo.
All they can do is to try to link wallets created within exchanges to real people. Other than that, how are they ever going to know what some random address contains? it's not possible. They would need to get the address that is directly attached to a real person, and they can only do this by asking exchanges, and some people use VPN/TOR and don't give personal data (don't use fiat). Then it still remains impossible to trace them. |
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When you decide to sell, be it today or tomorrow or whenever, chances are you will sell at the bottom. This will cause you massive depression, way worse than not selling at the peak to rebuy cheaper.
Buy and hold, or risk selling at the bottom and losing your position. After this dip stabilizes, we are going $2000.
Hear Hear! These are cheap coins, everybody should buy whilst they can still afford to. I agree, but most people act on strong emotions only. The people that don't buy now will not buy because they have a strong feeling of fear. "Oh no, bitcoin is crashing, it's dead!!" Once we start climbing back to $1000, this same people will go like "oh no, I need to buy quick, it's going to the moon". Then when they finally pull the trigger and buy they will buy at the $3000 peak and cry. |
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We have all seen that the slightest rumours, cause massive ripples in the Bitcoin markets. China is one of the latest examples : The People's
Bank of China (PBOC) is visiting with the top three Chinese exchanges and assessing the company's operations. This sparked a panic frenzy
amounts Chinese people, who bought Bitcoin and they started dumping coins by the dozens.
How do we turn a bad situation into a good situation? Well this should be obvious by now, but let me explain to the people who do not get it.
A lot of people are saying China is monopolizing Bitcoin, either through mining or by owning the majority of the bitcoins being mined. So it
should be clear by now, what the simple solution to that must be. BUY MORE COINS.
After most of these mini dumps, we see a dramatic drop in the price and then later a correction, after things cooled down. Why should we not
buy back these coins at a discounted price, when they become availlable? If we really believe that prices will go to the Moon, then these
cheaper coins should be plucked out of circulation at all cost.
One day, we will look back at these opportunities to buy cheap coins, and we will kick ourselves for not seizing the opportunity to buy them.
Everytime there has been a dip and I bought, I always ended up making money. But for this to keep happening, we need constant growth. Thus far this is the case, as long as the price sits above around 500 and stabilizes there, we are good to go if we keep growing. Of course the question is: what would happen if china bans bitcoin for real? |
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Much of the debate surrounding bitcoin's scaling problem seems to stem from two different visions of what bitcoin should be right now: a store of value or a peer-to-peer digital cash system. Both sides agree that in the long run both of these properties should be met, but the question is: Will bitcoin hold value even if TX throughput does not scale soon or do we risk losing our first mover advantage if bitcoin is not able to fulfil its promises as a peer-to-peer cash system soon.
I would love to hear some arguments from both sides of this debate
The irony is that in order to be peer to peer CASH you cannot have big blocks, and in order to have fast onchain transactions you would need HUGE blocks, which means the coin is no longer cash, it's just peer to peer payments... So you have to choose: 1) Big blocks with centralized network and fast and cheap big volume onchain payments 2) Conservative blocks with decentralized network with second layer on top for the fast and cheap big volume payments Option 2 is the common sense one: you dont want to centralize the network. THERE ARE NO OTHER MAGIC SOLUTIONS. |
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these days traders are so fragile and FUDsters are using this to their advantage. someone in China sneezes and they start spreading FUD that bitcoin is dead  i just want this period passes because i am really sick and tired of opening bitcointalk, reddit,... and see another topic about price and China. All of the oficial chinese statements from the government are always used by fudsters to make rumors out of it. So no matter what they say there will always be people that make tons of rumors out of it and turn good news into terrible fud news like we have been seeing lately. Some people have interests in making bitcoin a mess so they can short, its as simple as that. |
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Imagine that you tell people to not talk about the united states in a forum about oil... it doesn't make sense.
Some countries will always have a bigger role in currencies, this seems to be the case in a currency that is not from any country officially, but monopolies always happen unfortunately.
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In western democracies inspections and regulations they ARE good things.
But the Chinese govt rules are extremely opaque, which is why the exchanges are nervous. Some new rule could be pulled out of someone's backside and they could be found in breach of it. There is no accountability in their system. That's why the price fell.
Regulations should be a good thing, but I don't think it's only because it's the chinese government and not other governments. As far as I know, everytime any government talks about "regulation" whatever it might be, price crashes. The other day the chinese government talked about how bitcoin as volatile, and that caused the crash itself. Every statement by governments create an opportunity for whales to try to short and get the rest following the lead by panic selling. Now whales have made a lot of money with this short and people that sold at the bottom will lose it since we are going up again. |
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Can we just sticky this? There is one every few days...  Nice Call and now we move on.  Except that the OP was being sarcastic, and actually denied the possibility of a large drop. So far, Huobi and BTCChina are still MIA, while OKCoin dumped much harder than expected. Is there some bearish news from China, like the two exchanges being in difficulty somehow? Yeah, OP was being sarcastic but I think the guy that posted that image was also being sarcastic... it's too hard to read sarcasm on the internet sometimes. Anyway, no way to know where is the bottom. Kwuduck of course always aims 300 dollars lower. If we hit 500, he will say 200 is the bottom, if we hit 200, he will say 100... The thing is, this may have been the bottom before we rise again. |
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It's not worth it, just stick to buying and holding, if you believe in bitcoin long term, it's the only way to make solid gains. Look at what happened today, it's like someone cut the graph with a knife, 90 degree freefall out of nowhere, only because of chinese shenanigans. You can't predict those, day traders can lose a lot of money in situations like this, if you had a long position you got fucked hard today, theres no other way to put it.
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In principle this is good since it will clear if there is something shady going on with the chinese mining business, but this panic sell is so fucking stupid. Whales sell the rumors and then panic sellers follow. Everytime something like this happens the price drops. |
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The good news for bitcoin is that bitcoin acts as a nation-less catalyst which means an hedge against all national currencies at once. Once governments remove physical cash then the party it's own. They will release their digital closed source e-fiat scams, and then the time for bitcoin to shine will finally arrive at a mainstream level. By then we must have a bitcoin that is as strong, decentralized and private as possible.
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Good that the price didn't drop under 800$. I also noticed that the price is seems frozen on the point of 900$ for days. This situation remind me the same moment when the price was frozen on the point of 600$ for a month around of September. Hope it's not going to be repeated again.
Looks like it's perfectly stable at 900... it's amazing how it has survived that massive selloff, I think it's clear that we are now going to keep smooth sailing around that area and then eventually we'll take off again for new heights, let's see how long that takes. |
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My friend is a day trader and he spends watching the bitstamp graph all day waiting for dips to buy and then waiting for price increase to sell, he makes money from those small market fluctuations. I tell him that it's going to eventually go to the moon again and he may get caught in the wrong side (holding fiat). He doesnt care and is confident he will make money on the big uprise too... on the other hand i choose to just hold.
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Seems like we are recovering quickly from this last shakeout of the weak hands. But why are those periodic with nearly exact time intervals?  screen shot pcWell I'm not sure about a parabolic rise. The reasons come down to the very technical problems of bitcoin. I made a transaction 3 days ago and mempool was so full it took 14h to complete. Oh my fees maybe weren't the best but they were clearly not non-existent, I paid 30 cents for a transaction that took 14h... So there can't be a parabolic rise without a massive adoption and there can't be a massive adoption with such important problems! But I agree, you have to be completely crazy to see anything else but and upper trend in this... Wrong, there CAN be a parabolic rise without massive adoption... it would only take the big whales of the fiat, gold and stocks gold to move small percentages of their wealth into bitcoin to drive the price to 6 figures a coin, but of course, we ideally want massive adoption too, but the thing is, without segwit + lightning network we will never have massive adoption. The devs are doing a good job, they already got segwit, now it's miner's turn to hurry the fuck up and activate it already. Blame it on them. |
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