As you can see, price started a correction immediately after hitting 16.5K later today, do you think BTC will break above such level soon or it will do it later after gaining enough momentum? Feel free to share your comments below.
As usual, analysis from Kuang Ren for today:
BTC:
As mentioned in my previous analysis, the key $16,500 level will be the major resistance, coincidentally, pressure caused by dumping chips emerged after the highest price just hit that level later today.
Volumes on daily chart shrank, which made it less likely for BTC to break above such level. Overall, strength from bears is weakening, meaning that BTC will exchange time for space around $16,500 and continue the oscillating move around those 2 lines as marked.
Altcoins:
XRP started another wave of upward move this morning, a lack of momentum seemed obvious during the rally, meaning that current strength of momentum can’t set all locked positions at the high level free.
Even if price sets another new all-time high, it could be a fake break, which makes it inappropriate to chase high from current level. For XRP holders, however, reducing your positions at high level is recommended.
NEO Price has moved up to around former major resistance with decreasing volumes after going live on huobi.pro, which makes it unsuitable for speculative operations for now, let’s wait and see.
The oscillating move of BTC price will create chances for altcoins, you should guard yourself from the impulse to chase high.
Altcoins being strong during previous sessions can be our targets for short-term and quick operations once chances for short-term rally emerge.
Also, altcoins remaining in consolidating patterns at low level and showing signals for being under the control of main funds will launch their independent upward moves sooner or later.
Original by Kuang Ren, translated and posted by AICoin Jami.
I think it's interesting how the drop/correction after hitting that point of resistance was pretty small in comparison to the recent corrections we've been seeing. We dropped around 10-13% and then started seeing some rise back up to the 15,000 area. I think after this drop, we'll see a strength in BTC and watch it bypass that first level of resistance and maybe hit one at around 18k. |
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Some people are saying that just because the price pattern is similar to that in the past (2013), where there was a large rise and a crypto winter following, that a similar thing must happen now.
Basically, they are very certain that the price of BTC will hit some highs (maybe 40k, let's say, or even 19k?), and then plummet to the ground (like 2k or 4k or something).
On what basis other than "Deja Vu" from TA can they make this prediction with any certainty?
What about the fact that nowadays BTC circulation is very different than in 2013?
Remember that nothing is ever "due" to happen. Saying that something is bound to happen or that something will happen in the future based on previous patterns is a load of extrapolation. There's no way of knowing what will be happening in the next few days of bitcoin. Those people who are claiming that this must happen now are clearly unable to justify what they said. Instead, just stick with what you see in your own research about the coin. If you have ample evidence to believe that it will go up, then buy some. Don't listen to others. |
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So.. what's your source? Do you have a magical crystal ball?
Exactly. This is what I find wrong about posts like these. If he's going to make a load of claims, at least he can have some logic backing it up. OP why do you believe that Bitcoin will be the stronger coin than both BCH and LTC? It may seem obvious to you but I'm sure there's at least a few people asking the same question. Furthermore, why is your projection for bitcoin so high? Exponential growth is never sustainable in the long term, and here I think there will eventually be an ultimate downfall for bitcoin. |
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You can test this yourself by using a virtual machine. You should try to get one installed if you're trying to try out new software and stuff. Either that or maybe invest into a hardware wallet so that your coins stay offline instead of having them in a different wallet. I guess you could keep your money in an exchange site, but that is pretty shady considering how bittrex has been treating their own users more recently. |
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I have recently been looking to purchase a miner. I started using the Bitcoin Miner software on my windows 10 computer to see how things worked. Since my computer is extremely slow (300 KH/s), I have been looking at the r4 (for home) or a s9 (for work) to use. I am not concerned about 220V because I can have it installed in my home. My work already has 220V available.
I have been watching shop.bitmain.com for awhile but I do not see either units coming in stock. So it appears my options are ebay, alibaba, google search, or message boards. I have not been quick to jump in to buying one because of all the red flags. (Super low price, brand new domain, etc.)
One thing I see happening is that sellers will only accept bitcoin/bitcoincash/eth. Is this another red flag? My concern about not using paypal is that I am unable to get money back if I am scammed. Would a legitimate seller refuse paypal? What are the other things to watch out for?
Thank you!
My one piece of advice I have for you in terms of mining is that if you have the opportunity to make money off some other way other than mining, take that over this. Mining can be very unprofitable at times and a lot of people have been claiming that it just has started to not make sense. You should look to purchase some bitcoin with paypal and then buy off of a trusted site. Either that or you could just buy off of someone on the computer hardware section of this forum. |
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BTC can be $1 or $1M. I'm leaning towards the latter, though. I have NO faith in the USD...
Regardless of your faith in the USD, you would need to have some MAJOR faith in bitcoin if you're going to claim that bitcoin can be 1 million usd. While I do believe bitcoin is very influencial and unique in the sense that it was the first original cryptocurrency, I don't think it has enough power to reach such levels. The only time I'd see something like that happening would probably be in the next 2 decades, which even then is probably going to end up with some newer crypto taking the place of BTC as the face of all cryptocurrencies. |
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So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?
We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.
The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.
Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?
I highly doubt that this was the case. So many people would have to pull out for this to be the case. It's possible that it's the reason that the entire downfall started, but I don't think it's a major reason. If anything, it's mostly people who are nervous after they see BTC drop by a couple of hundred. Regardless, we're on the come up again, as we always have been after drops like these, and I don't think we'll be affected too much by this drop in the future. |
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As always, not a single reply. I don't think anyone wants to even know anything about Bitcoin taxes. Just sitting there like an ostrish with your head in the sand, pretending that no one told you Bitcoin is taxable is most people's strategy. They still think it's 'anonymous' haha try to cash out in an exchange you got to give more id than you can imagine then they limit you to a lousy 50K a week so if you made a big hit, it would take years to withdraw yet the irs wants taxes on it as soon as the exchange sells it and the main exchanges know who you really are so 1. it's not anonymous when you exit 2. the exchanges are a trap for big exits, they won't let you take out huge wins the more you look at all crypto the more you see big brother sure when it's in a wallet you can't use it is anonymous try to spend it, impossible so you sell it have big wallet in cash in exchange then you can't move much out haha so no one is really talking about what is the end game all it did is trap you into the coin with no real hope of exiting mega millions even if you made them now, they want to instantly collect on gains when you just move into a new coin so forget about coinbase, they will soon be feeding the irs every account holders info then bitcoin gains will pay off the debt There are ways to cash out smaller amounts without even having to go through an exchange. You can do peer to peer transactions and even then, you can actually use bitcoin as a currency. You're looking at the coin as if it were just an investment, not also a currency. If more services start accepting bitcoin, not only will the price change, but that holding of bitcoin that you have will be a more than valid form of payment. Also, you can just transact peer to peer and avoid any exchanges at all. That's one way to keep it anonymous. |
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just read about a possible Bitcoin God as a result of the so called fork
if this happens
would this BTC god start at a really low number? and easy to buy into?
Bitcoin god is just another copycat and it is much worst compared to bitcoin gold and bitcoin cash. But if you are a trader it is also to keep and hold such coins since traders are not aiming for anything else but profit. But also do so research before investing since we do not know if this coin really will really give us profit. Yeah, it seems like this new currency coming up is just another poor attempt to copy bitcoin. It's likely not going to be worth much if anything when it releases. People will probably just attempt their best to hoard bitcoin, sell the forked coin and then put that money back into bitcoin if that's the case with this fork. I highly doubt Bitcoin god will be profitable or even a valid currency to consider investing into. |
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At present, the best exchanges trusted by many users are Binance, Cryptopia, and Kraken. You can create account in these exchanges. I don't have much idea about deposit and withdrawal of these exchanges.
These are great options for now. It seems like other trading services are having issues as well. Bittrex was one of my tops but they have really started messing up their system. OP, these are good ones. For now, stay away from Bittrex. They're scamming people and ignoring their tickets when they post them. The one way people were able to get their tickets reopened is when a thread went viral on Reddit. This is just not the way to operate an exchange. |
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Laws and regulations in Lation America can be quite complex, especially for those dealing with Forex. I just hope that the government will not create any problems for the normal operations of this new exchange. And most importantly, I hope that the owners will remain as trustworthy and honest people, rather than running away with their users' coins.
I feel like this may be the case but I don't know how far and how well they'll be able to go to regulate those rules. For the most part, it seems like at the beginning points of these rules regardless of country, they won't be able to regulate every bit of it right off the bat. That's why I think it'll take a while for Bitcoin to be completely integrated into countries in my opinion. |
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This year was crazy in terms of the price rise. Who would have thought that bitcoin, litecoin, and eth would put on so much money? There were many people being optimistic but they had few facts to back themselves up at the beginning of the year. If you told me that bitcoin was going to be at around 15k at the end of this year, I would have thought you were crazy. Along with that, we've seen some insane volatility. I genuinely believed that Bitcoin could be over with the China FUD, even though I held on to some of what I owned (which ended up making me a lot of money now). I've learned a lot about investors and the crypto market this year. |
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I'll buy some coins, My idea Prices may increase in 2018...Want to know your opinion, I do not think there will be a loss..My previous purchase was something Their prices are much lower now
You should definitely buy as soon as you can. Bitcoin has been on the verge of a strong rise once again, and I doubt we'll be seeing sub 13000 in the next few days again. If you do have the opening on that price window, make sure you take it asap. If you're looking to purchase, just go for it now and don't think twice. If you get scared somewhere in the middle, just hold and tell yourself that you'll sell when you see the profit window open. Many people bought at around 18k and ended up selling at 13k. Bitcoin is currently sitting at 15.5k. That's an extra 2,500 USD that they missed out on. |
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Bitcoin breaking it’s high-price again and again, multiple purposes rather than payment system and future investment.
All this make bitcoin a perfect gift for your love, wife, and family.
1. your gift for Christmas will be a bitcoin?.
2. your ways to gift bitcoins "Hardware wallet, bitcoin gifts, paper wallet, Physical Coins, Donate"?.
Bitcoin as a gift will certainly seem strange, if the people we love still do not know what Bitcoin is, for now I only give physical things such as shoes and clothes to the people I love as a gift Christmas Merry Christmas The value of bitcoin is so high right now, maybe only a special person can give and receive a gift from bitcoin, because bitcoin is a very special Christmas present and that person must be very surprised when receiving it. I'd actually say that Bitcoin is a pretty shitty gift in terms of Christmas. When you think of Christmas, you should be thinking of very well thought out gifts; something that actually appeals to the person for sure. If someone just gives you cash as a gift, it makes it seem as if they did not put much thought into it. Bitcoin is cool as an asset and a currency, but it's not really a good gift. It's too volatile, you introduce people into this new world that they may know practically nothing about, and they could add to the long list of FUD'ers and fake investors. |
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I'm seeing a lot of very specific price predictions from some users.
Is there a record of past predictions by users on these threads? This would be very helpful to everyone, since you can know who has made 5/5 correct price predictions in the past, and who has gotten everything wrong.
I doubt such a thing exists, but still..
I also doubt something like this exists because the number of users on this forum has clearly gone up significantly as well. With that you get a lot of users who are putting in their own predictions, and obviously most of them will be wrong. If there was some kind of list, it would constantly be added to. I guess if you're looking for a way to know what you should look forward to in the future in terms of btc and whatnot, maybe take a look at explanations behind predictions rather than the prediction numbers themselves. You'll be able to educate yourself and eventually make your own predictions as well. |
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So I decided to do a little test yesterday and send a BTC transaction and a BCH transaction at the same time. Just to make it interesting and give BCH an unfair advantage I decided to set the BTC fee at half the reccomended amount, at around 500 sat/byte. The estimated time for confirmation was 25 BLOCKS or more than 14 hours. Guess how long the low-fee BTC transaction took??? ONLY 22 MINUTES!!!  Which means that the high fees listed and the unconfirmed transactions (made up of spam from the tiny cabal of Chinese BCH backers) is PURE FUD! Bitcoin still does fast and cheap transactions and works like a charm. So then I was waiting for the BCH transaction I sent, WITH THE FULL RECCOMENDED FEE... I was waiting.... and waiting.... and waiting...... and waiting....... ahahaha I almost gave up but it eventually got there. AFTER 3 LONG HOURS! What a joke. Cheap, instant transactions? HA! BCH has a tiny, crappy network and a hacked virus-filled "Electron" client that will send your BTC address directly to you-know-who if you don't empty it first. Oh well. At least we can all dump this Chinese knockoff BCH and get a nice free profit from those suckers trying to pump it up. Yet another alt-coin fail, bye bye BCH(inese). How much of a fee did you put with each of the currencies? I know that more recently, bitcoin was having a lot of slowdowns in terms of transactions and whatnot. The average confirmation time became pretty bad, meaning the fees to put in for a confirmed transaction also increased. There's tons of proof of this in the services section with all of the transaction acceleration threads blowing up. Could you put the tx id here or something? |
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1. if you deposit a large amount, they will disable your account and never reply. 2. if you contact their support they will not rely. 3. if you try to log in they will change your desk login details and then you are not allowed to reset your password. 4. You can not take your money back either! 5. Their verifications don't work on top of it, you are stuck in limbo. They stole all of my money, took me for everything and I have never used them even once. They are truly the lowest form of scum on this planet. This is a warning to all to PULL OUT your money now as they are going to take you all for everything you have. 1. bullshit auto response that makes absolutely no sense https://postimg.org/image/hpsrl3sg1/2. https://postimg.org/image/se13xorsx/ - look my account is disabled on my first ever try, well I better go verify my phone number and promptly resolve this issue 3. https://postimg.org/image/g0o9qs24h/- This is 100% without question the code. I am not going to take a picture of me looking at the phone writing this down. Guess I can't verify, oh well how about fuck them and I'll simply take my money back 4. https://gyazo.com/1bc9e156c0a30211ec5f88b596f3501d Well fuck me again, how about I read about the disabled accounts on their page to find out why a month busting my ass in two jobs is being held up 5. https://bittrex.zendesk.com/hc/en-us/articles/115000240791 Nothing, what about that? Shall I keep going? I am so so angry at this that my head hurts, i'll take a rest but I will dig more evidence later. Let this be a lesson to you all, if they are selectively scamming the little guy, imagine how badly they are going to fuck up a few of the big ones. To everyone who's having issues with this, it seems as if this is a pretty wide scale problem. However, one way that it was fixed to have it go viral on reddit as seen here: https://www.reddit.com/r/Bitcoin/comments/7jaf2r/bittrex_has_stolen_my_money/The OP was in a similar spot as many responses on this thread and after this post gained hundred of upvotes, the OP updated the post stating that Bittrex had unfroze his account. These guys are really fishy, and it's probably best to stay away from them, but maybe commenting on the reddit post will help chances of your case being seen. I have no clue how Bittrex is operating like this... |
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Prices have already recovered to $15k according to preev. So, is it possible for bitcoin prices to return to its $19k peak by year eand if we follow current trend. The prices were at about $13k yesterday and today its risen by $2k. If it rises like this everyday until the end of the year, we might even exceed the bitcoin peak.
One thing is clear though, all the doomsayers who claimed the bubble was popping are wrong. The recovery is clear and that drop was nothing short of a miscalculation by investors, who now realise their mistakes and are buying back bitcoins.
I'm not sure if we'll get back to the 19k we were at originally by the end of this year, but you're very correct when talking about the recovery. People were too encapsulated in the drop that they didn't even follow up on the price while it was recovering due to the support of those who were trying to buy while the coin dropped. I don't see why people are unable to understand that this is simply a cycle -- Bitcoin drops and then recovers time and time again. I predict that we'll get to 17-18k, come very close to the 19k, but not hit it until January of next year. Just my prediction. |
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Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF
its price increased by 20 dollars while taking a screenshot LOL
Think about what you just said, though. The reason it's accepted is because for the most part, we've been seeing gains of that same caliber. After all, this is the reason there are so many people invested in bitcoin right now. Of course, it's very volatile and that makes it tough to use as a currency, but always remember that bitcoin is beyond a currency and it's beyond an asset at the same time. It's a unique form that people haven't really seen in the past, so don't get the investors and the users jumbled. I understand where you're coming from, but I think there's a long way to go in terms of bitcoin and we'll see some improvements (hopefully) in the coming year. |
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We have recently seen a increase of threads that are trying to influence people to abandon Bitcoin for the REAL Bitcoin. Have we considered for ourselves, what the REAL Bitcoin is for us and not what the REAL Bitcoin is according to other people?
~ Is Bitcoin the REAL Bitcoin because Roger Ver says so?
~ Is Bitcoin the REAL Bitcoin because Coinbase says so?
~ Is Bitcoin the REAL Bitcoin because the Lightning Network is the ultimate scaling solution?
~ Is Bitcoin the REAL Bitcoin because your local exchange accept it?
~ Is Bitcoin the REAL Bitcoin because the majority of some forum says so?
~ Is Bitcoin the REAL Bitcoin because it is more useful to you now?
~ Is Bitcoin the REAL Bitcoin because Block sizes are the only TRUE method to scale Bitcoin?
You must decide this on your own, without other people telling you what you must believe.
I will tell you WHY I believe in Bitcoin, because I am passionate about one or more aspects of the technology, but you might differ from me. I will tell you why I differ from you and things might become heated, but it is still up to you.
Decide for yourself, what is your REAL Bitcoin and respect other people's opinion on what they think their REAL Bitcoin is.
If you're passionate about one or more aspects of the technology, then I would understand why you believe in the blockchain system but not really why you believe in bitcoin. Altcoins can be created off the same system as bitcoin. I don't think I have any other reason other than that it's the most known coin as well as that it has the highest market cap. There's a good amount of supply and demand for the coin which makes it a keeper for me. If I see the support severely dwindling down, then I will consider a different coin. |
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