He was right after all.  OP must have a Crystal Ball check out the, volume and MACD trends.Volume is dipping very very rapidly .....its over guys... get out while you can ....  two weeks have gone by and your prediction has been confirmed, sad to see the price drop so much, but it was expected that the price would stop, there is no demand, honestly I do not know what will be next year, I still read an article today that said if BAKKT does not match the expectations, and we see this price of $5000 until the end of next year I bet everything will be back and even stronger after the Bakkt platform from NYSE; the the coming of institutional investors and fresh cash. Buy today or be poor in the future, your choice. if Bakkt is not successful we will be lost Lies, it wasn't expected and he didn't predict shit. Shorts on Bitfinex were almost at an all time low, obviously no one was expecting this. |
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Damn this was a badly timed thread, wasn't it? However it did seem that the bearish trend was over, the low volatility with sideways trading was definitely not a bad sign, shorts on bitfinex were really low as well, no one really expected this crash, even now the shorts aren't too high. Unfortunately this crash was only due to a few people, as usual, this market is still to reactive to stupid stuff. (Although in this case I guess it isn't too stupid, hashrate and other attacks) Lol - crypto has a way of making predictions eat crow. I get so tired of crypto twitter and "charting experts". Fact is, if anyone was actually really good at it, they wouldn't be posting about it. But you know, the more predictions you make, the more often you can seem right. This has really been a brutal time. I took out my initial investment so I've said time and time that I'm riding this to zero or life changing money. As naive as it might seem, I really thought at this point I'd have enough to really consider selling some off, now I see what little I have left getting smaller and smaller and there is a nagging part of me that wants to sell everything and just take what I have - but I'm too stubborn to do that, lol. Indeed, there are a lot of charlatans. You can make some educated guesses short term but there is definitely no way to know for sure what it's going to happen in 1 month, year, etc from now. People who ''predict'' bitcoin is going to be 50k exactly in 120 days are just morons. |
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Like 2 weeks after? This wasn't due to any Technical Analysis prediction. This was mostly due to the BCH Split, it's sad that this market is still sensitive to all kinds of news, FUD, etc.
If this market is sensitive to news then it would be better to make use of that to our advantage. We can have a news base trading wherein every time there is news-major news for that matter, you can trade base on it whether it would be positive or negative. When it's positive then you can make use of that as a bullish sign and then when the news is negative then you can treat is a bearish news and maybe short it. That's already happening, it's basically a loop now. There are thousands of bots programmed to do that exact thing, buying or selling when good/bad news happen. |
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Well. Looks like we actually did get a sizable dip today. Thoughts ?
Like 2 weeks after? This wasn't due to any Technical Analysis prediction. This was mostly due to the BCH Split, it's sad that this market is still sensitive to all kinds of news, FUD, etc. |
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Damn this was a badly timed thread, wasn't it? However it did seem that the bearish trend was over, the low volatility with sideways trading was definitely not a bad sign, shorts on bitfinex were really low as well, no one really expected this crash, even now the shorts aren't too high. Unfortunately this crash was only due to a few people, as usual, this market is still to reactive to stupid stuff. (Although in this case I guess it isn't too stupid, hashrate and other attacks) |
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The hype started when Bitcoin was reaching the 1.2k mark again, after that it ''slowly'' climbed up to 3-4k. The next wave happened because of the upcoming fork which absolutely pumped the price even further, it pumped so hard that even though the fork didn't even happen, the price was high enough for some insane FOMO from regular people which is what pushed the price even further to crazy levels.
We need normal investors and FOMO if we want to break the 20k mark.
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Decentralized exchanges, while great are certainly not ideal for day or short term trading since you need liquidity and fast trades. Something like binance would be much much better, it has liquidity and pretty much instant trades.
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Well, I wouldn't call it a ''highly volatile'' market now, it has been a pretty quiet market for months now. In my opinion this is not really good, the only way to attract people and investors again would be high volatility, because let's be honest, no one is going to use bitcoin as a day to day currency anyways, not even now that is somewhat stable.
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There's no positive sign that the bear market is over, but I don't think it's going to fall below this level. If we wait a little longer, we'll be able to see some good days ahead.
If you don't think it's going to fall below this level, that's a positive sign and a sign that the bear market is over, bitcoin has been able to hold the 6000$ level for months now, bulls have showed up every time the 6000$ level was in danger, I would say that's a bullish sign long term, right now we are in a sideways market more than a bear market. |
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Well you could say it's over, it is basically a stable market right now which is a bullish sign in my opinion. Basically the calm before the storm, although you never know, we could head into a bigger downtrend but so far the 6000$ support has been really strong for bitcoin.
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Obviously casinos want money but you can also profit from them investing or through referrals. Both are great options to get a good amount of money, referrals specially, it's a fairly simple way of getting passive income, as I was saying in another post, I got like 20-30 EOS total with EOSPlay thanks to refs and I'm sure you can earn more
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You can win at gambling, I won a good amount of money playing lottery, I won a lot playing dice but ended up losing. I think I won close to 2 bitcoins with lottery though, I was playing on www.eosplay.com Obviously if you keep playing you will eventually lose but you can always try playing lottery a few times and win and go home with some money. Winning at a lottery is even harder than winning in a dice site. Recently I read that there's like less than 1% chance of winning in a lottery. In a dice game, atleast you get to choose what are the odds of you winning while in lottery, the odds are fixed. I won one time before but I never got the chance to win another. You might be lucky. Of course it's hard to win at a lottery but you can win a lot with very little amount of money and if not you can always get some money through referrals, I got a few EOS on EOSPlay thanks to referrals. |
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You can win at gambling, I won a good amount of money playing lottery, I won a lot playing dice but ended up losing. I think I won close to 2 bitcoins with lottery though, I was playing on www.eosplay.com Obviously if you keep playing you will eventually lose but you can always try playing lottery a few times and win and go home with some money. |
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There is a few good things about online gambling, it's faster (if you want) but it also can be totally fair. You never know what's going on with a physical roulette or a lottery, they could be rigging the numbers and you would never know, crypto made famous the ''provably fair'' system where you can check each bet, ticket, spin. As I was saying in another thread, I tried www.eosplay.com because they have a totally fair system where you can check each roll/number to see if it's truly random. |
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Well, you can find success in gambling or you can play for fun, I don't gamble a lot but I have been trying some EOS casinos lately, I've found EOSPlay ( www.eosplay.com) to be one of the best, good looking and totally fair, I've won a decent amount of money playing the lottery, not saying I have a winning strategy or anything but you can get decent profits gambling if you don't go crazy. |
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I would like to know the rate of cmc is adding alts and the cap of those alts.
its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.
Yeah, would be interesting to see those stats as well but perhaps this is the closest that we can see from them, https://coinmarketcap.com/new/. So someone can take that data and make a graph for us, that will be good.  What's really funny is you can see a lot of shitcoins being pump 100%, LMAO, so they really distorts the total marketcap, however, we all know that marketcap is not a good gauge to look at a pointed out by @cellard. I see top 20 coins with 1m or even less volume in 24 hours, that's pathetic. Also every once in a while you see a coin with like 40k volume going to the top 100. https://coinmarketcap.com/currencies/dentacoin/#chartsThis coin has 75m market cap? Lmao. |
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''previous bear markets'' there was really only 1 previous bear market, bitcoin is too new to look at the past. The space is way too different now than it was back then, more coins, more volume, more exchanges, better exchanges, potential good news, etc etc. There is no reason to think this bear trend will continue for 2 years.
were you around in 2014? "but there's so much good news! this space is nothing like it was in 2011!" new exchanges were launching and the chinese exchanges were flourishing. new merchants were coming online. crowdsales like mastercoin and ethereum were sucking up coin supply. and yet price kept falling. there were also bear markets in the second half of 2011 and 2012, and also in mid-2013. the bear market you're thinking of was just the longest one, the only multi-year bear market. in my observation, the market moves much slower (in both directions) as time goes on, particularly after 2013. the post-bubble bear markets are likely to be more prolonged now as a result. i'd be happy to be proven wrong on this, but there's not much to go on besides historical price action and cycle analysis. Because that was the only true bear market, going downwards for a few months cannot be considered a bear market. The MTgox hack at the time made it much worse for the market to recover after already a huge crash. So obviously the situation is far different now.  |
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Well there are ways to make it easier. Someone who is 20 years old won't immediately know how to use bitcoin even after explaining it to him for a bit. It is not easy to know all the stuff about, wallet, wallet safety, private keys, forks bla bla which is why adoption is hard to achieve. the same thing that happened to them when the world started turning into digital and everything including money started to have a digital form which is used more than the physical form (eg. electronic banking versus cash). they will be left behind and slowly catch up.
Yeah but electronic banking is still far easier to understand and use than bitcoin or other cryptocurrencies. It wasn't hard for older people to start using credit cards, for example, however a bitcoin wallet would be fairly hard. Also considering that you have to be on alert for a lot of things, forks, price, etc etc. |
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You can personally think anything you want, in the end bitcoin has been dropping in price for 10 months straight and people will not care what you personally think when the price has been under 8 thousand for the past 5-6 months. We are in a 10 month bear market and have not seen anything more than 10% price increase for over half a year and that means we are NOT in a bullish market right now. We might be in a dip market where if you purchase right now you will make profit either small or big since its dip anyway but being in a dip market and potential to make profit doesn't mean we are going to be in a bull market.
''we are NOT in a bullish market'' I explained why I'm bullish with facts not feelings. We are in a downtrend currently but downtrends don't last forever. The support level has been held for many times in a row. Looking at it from a bigger perspective, bitcoin is still worth a lot more than previous years. It was barely at 6k on January 2017. |
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