The main 2 problems are the fact that people indeed come without any knowledge of why bitcoin matters in the long term, and why this price noise means nothing. If they really knew about bitcoin and had that "aha moment", then they would develop a strenght to hold during price corrections or even legit crashes as we saw in 2013. I was there in 2013, watching it crash, and I didn't care, I knew in the long term I would be ok because I knew the vision of decentralized money was intact with or without MtGox.


The second problem is newbies look at the linear chart instead of the logarithmic chart, this is insane because the linear chart has been looking like a bubble since $2000. Nobody uses the linear chart anymore to chart bitcoin, all big hands are using log charts, and judging by log chart we are not overbought by any means.

I've been hearing this for the past few days and I still haven't seen any news of hardforks in here whatsoever:

https://www.reddit.com/r/ethereum/

The price is also not caring about any of that. I think nothing has happened.

This is all that i've found:

http://www.bitguru.co.uk/news/metropolis-ethereum-upgrade-what-is-it-and-when-can-you-expect-to-see-it

So I don't see any date on this happening. Why is people talking about ETH hardfork if nothing happened yet?

This double bottom is looking good so far. First bottom was $4001, second bottom has been $4010, now we just need to keep climbing and break $4685, then we are on track to $5000 easy.

Looks like more weak hands will continue to keep getting shaken during the weekend. These whales never rest when it comes to stealing BTC from the newbies.

Dana White must be so angry at the current events. Borg being out and then ruining the main card is an issue already, but he has been forced to go against his own words and put Amanda Nunes on the main card. He said Amanda Nunes would never be in a main card again, and now here we are.

The UFC is being a disaster. I can't no longer count how many main cards have been ruined so far. Jon Bones Jones vs DC has been ruined a million times, Tony Fergusson vs Khabib, Amanda vs Valentina was cancelled too, Bisping GSP was cancelled too.. it never ends.

Here is more vizualization:

http://image.ibb.co/jX5b9F/bitcoin_log.png

Looking at the algorithmic chart, we are prone for a real bubble (not what we've seen thus far) that would kick us somewhere around $10,000-$15,000. That would be 2013 levels of bullish pressure, and that is perfectly possible this year-early 2018 if we avoid the segwit2x nonsense.

Unfortunately, if the idiots involved in segwit2x continue with their plan, the market will crash and we will have 3 different bitcoins and a lot of confusion, and it will take a while until Segwit2xCoin dies out and becomes irrelevant along with Bitcoin Trash, we will go months or even a year behind of where we could be if there was no segwit2x drama long the way.

Let's hope for the best, and the best would be, no segwit2x, peak of $15,000+, new floor in $10,000 and we never see 4 figures ever again.

I lost money too in Cryptsy, about 0.28 BTC... that was the first and only lesson I needed to never, ever let money again in exchanges unless it was strictly necessary to trade.

I also lost about 1.4 BTC that I could have made from Auroracoin because I didn't sell, I got too greedy. It was all mined, and I saw myself breaking the 1 BTC goal (that was my initial goal at the time). I was so happy to finally hit 1 BTC, but I didn't sell the damn altcoin, and I woke up with Auroracoin crashing and no longer having 1+ BTC. I finally sold my AUR for a couple bucks. This was to lesson to learn to not get too greedy with altcoin trading and get my BTC profits before its too late.

You must keep going, there is no stopping in the hustle for BTC. I would get a job and buy some each month at whatever price. I would try to get on a sig campaign to get a small extra at the end of the month, but unless you are Hero-Legendary you aren't going to get much more than a couple extra bucks, but every satoshi counts and you will learn along the way as you become Hero-Legendary.

Altcoins will recover too, specially when China has said that the ban is temporary, and not final on all these ICOs. So the ICO bubble will continue. Still plenty of chances to pick the right ICO and get very rich, which is the reason why the coins will recover, people is greedy for easy BTC (because make no mistake, all these gains will be sold for BTC sooner or later, BTC is king, sure some may sell some BTC for fiat, but long term storage in BTC is becoming a cultural thing specially among the millennial that have understood the importance of BTC and see it as a safe bet to get rich long term, unlike trying to win the altcoin lottery)

it works in a chain reaction type of event. Panic sellers think "omg, look at these news rewarding whatever regulation or ban regarding bitcoin or any other crypto, I must sell bitcoin right now because the rest of the people will too!!"

There are big amounts of people that think the next guy will sell too. Until all of these market participants aren't cleared out (and again, this may take up to 48 hours due it being a global market) the price doesn't start fully recovering, but once everyone that had to sell sells, bull pressure resumes and the price keeps going up.

China obviously shorted the market with these news, using insider information. They scared everyone in dumping their coins, then they come back and say "woops, this is only temporary or under a certain criteria that the ICO would need to be approved" and what not, then they stop their shorts and watch the market pump back.

These guys can go fuck themselves for all I know. Im tired of all the shitcoins that have no actual real life application. I hope everyone made a lot of money from it anyway, but im pissed at the noobs that sold their BTC in the midst of the storm. But oh well, at the end of the day only the smart will hold the most BTC. I hope a lesson is learned and noobs learn to not panic sell their BTC next time.

It will be a better boxing fight, no doubt about that, but will it be as exciting? we will see, im not sure about it being more exciting. I think Mayweather-McGregor was extremely exciting because of the massive buildup, and because of the novelty factor of an MMA guy taking on a boxing guy in the biggest payday of all times.

This is a very exciting fight for boxing fans, but it's not an huge event.

I would like to see another MMA vs boxing fight with a Maliggnaggi vs McGregor event maybe next year. One MMA vs boxing event a year would be cool to have.

I still haven't checked what the hell this one is, but i've seen some serious brands making so called "deals" (whatever these deals are) with OmiseGO. So for example I've heard McDonalds is involved. Im sure all these deals is what driving all that hype and hence price up. I doubt the technology does anywhere revolutionary to justify these prices, it must be more brand hype, just like ETH, NEOS, STRAT and all these smart contract platforms getting big brands on board causing pumps (and dumps).

Indeed... no one ever got poor from taking profits, but no one ever got rich by falling victim of panic selling, let alone by selling at a loss.

You need to take risks if you want to make it. If you believe in Bitcoin, why would one dump because China says they are banning ICOs? I mean let's think and not fall for the FUD. It was clear these fundamentals wouldn't have a negative impact on Bitcoin for long. It was a temporal thing and once the 48-hour period allowed for the global market to absorb the news, the price would recover (given that none other FUD-ish news happened).

It could be that for some reason these traces didn't get metabolized and where still there. The situation is definitely strange, but what was found was really found for whatever reason, irrelevantly of the timming.

Why would you take clomid if it's not because of steroid usage? it's obvious he used something. He's a lanky 6'4'' guy, he put so many lbs of muscle mass and I dont believe in miracles.

I have seen this shit play out again, again, and again since I started years ago. It's always the same damn thing. Look at the price now, we are past $4600, exactly at $4667 right now at Bitstamp prices. Let's see how it crushes the last $4700 peak which is the closest one to cross now. Once we get past that, we will flirt with the last ATH resistance for a while, then we will be sitting at $5000, in no time.

Actually what's funny is, China has said now that they aren't going to ban ICO's, they will just issue licenses to launch ICO's. And the price was recovering before they said that so a ban of ICOs was priced in (for these that thing ICOs are relevant to Bitcoin which they arent)

China once again trolling the markets and shorting it with inside trader information, just like the PBOC announcements trolled everyone back then and scared panic sellers away from their hard earned BTC.

Remember this lesson: Do not fall for government ban FUD of any kind, and do not fall for big blocker hardfork FUD too, or else you will keep getting scared away of your BTC, only to see the price go higher eventually.

The chinese didn't need to have access to said markets. Bitcoin is exposed to the entire world, what im saying is, the panic selling gets triggered by news that come from China, im not saying it's the chinese dumping.

What I don't doubt is, the government and people with insider information foresee these press releases of "PBOC to regulate exchanges", "China banning ICOs"... and so on, so they can set shorts before the news are released and then profit from the dump. This is insider trading and this has been happening since the beginning of the first market to ever get established. It's obvious that Bitcoin's market is not going to be immune to that.

China, once again, has pulled a controlled short and made a lot of BTC from unwary panic sellers whose, for some reason, decided selling BTC because some shitcoin's ICO got banned was a good idea.

Why did so many idiots sell their cheap BTC? Who knows, but what do we know is, this has been another profitable move by China whose is building stacks of BTC from all the newbies and weak hands that just don't know how to hold.

Remember this?



The ICO ban is just the same bullshit all over again, so don't fall for their tactics or you will lose your tickets to the moon.

We need people like Max to make the races more exciting. Sometimes, some tracks get really boring and it just comes to the pilot fighting himself, not doing any mistakes, and keeping it really low on the risk taking.

Drivers like Max or former driver Montoya were always taking risks and believed in impossible things. Sometimes they can do it and the people will remember them. A lot of people still has Montoya as their favorite pilot.

As follow up from the all time highs comming from f2pool dropping off the NYC agreement:

https://bitcointalk.org/index.php?topic=2139187.0

Now that f2pool is out, Bitmain is going full mafia on Wang Chun bribing him to get him back into the agreement:

https://twitter.com/WhalePanda/status/905051845596471296


A nice way to run a cartel indeed.

Lets hope more and more miners and service providers from the segwit2x mess, so we can avoid a crash now that we are recovering after the Chinese ICO ban bullshit.

China is an obvious main player in crypto, with Bitmain having a basically mining monopoly and a ton of other miners ending up on China due the cheap electricity and cheap labour essentially.

This is nothing but more FUD and more insider trading. Look at the PBOC incidents last summer. They were able to dump the market, and the market recovered and we went to an ATH. This is the same all once again. Weak hands will get shaken, strong hands will hold, insider traders will get a ton of BTC from the panic sellers. The same cycle always repeats on all markets.