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I'm having a hard time confirming your math, but it looks like you're confirming a significant downtrend into the short, medium, and long term scientific future, which I can also confirm. Yes my math is as follows. $351b minus five billon bushels of BS that is about to turn NEG. = Stephen Hawking / Elvis |
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After selling at 13050 on the july 10 peak after following the advice of a few tradingview commentators, I thought about buying back but noticed the same thing happening as the june 26 and july 10 peaks.
The alt coins have started to dump in the last couple of hours and bitcoin stays level, kept fed because all the alts are paired to the bitcoin. selling off of the alt coins keeping bitcoin high for now. Would not supprise me if bitcoin in turn drop again at the daily close or maybe tomorrow. Looks very foolish from my view to buy here no matter what happens this week.
Yeah. It surely would be foolish for you to buy back in, and surely a 35% price drop was not enough, especially given how far BTC had come up in only 3 months (3.5x). You gotta at minimum wait for 45% to 50% drop, and perhaps even more. Surely you are doing the right thing. I am quite confident that bitcoin does not punish traders like you. Bitcoin is a cryptocurrency not a person or organization, do you think the traders like to punish people or make profits? The seller walls and buyer walls you are just a nobody. |
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After selling at 13050 on the july 10 peak after following the advice of a few tradingview commentators, I thought about buying back but noticed the same thing happening as the june 26 and july 10 peaks.
The alt coins have started to dump in the last couple of hours and bitcoin stays level, kept fed because all the alts are paired to the bitcoin. selling off of the alt coins keeping bitcoin high for now. Would not supprise me if bitcoin in turn drop again at the daily close or maybe tomorrow. Looks very foolish from my view to buy here no matter what happens this week.
How do you figure that? BTC largely traded in USD, you think those markets are just going to sit there and not move because someone shitcoin lost a bit of value  Bitcin is traded in USD, but as alt coins fall in value they are paired to bitcoin in most cases so the buying of bitcoin with alt coins keeps it artifically inflated, because there is less liquidity on the USD market because those coins are not being sold for USD. That keeps the price inflated. And it's not not just some shitcoin, it's most of the alt coins combined some 30%-40% of the total market cap of crypto. They will drop, bitcoin will go sideways, (while it is really deflating) then the big BTC will no longer be supported by these alt coins and a sell off will occur as the amount of bitcoin in bearish hands increases. It has happened many times before, and looks like it is happening again. |
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After selling at 13050 on the july 10 peak after following the advice of a few tradingview commentators, I thought about buying back but noticed the same thing happening as the june 26 and july 10 peaks.
The alt coins have started to dump in the last couple of hours and bitcoin stays level, kept fed because all the alts are paired to the bitcoin. selling off of the alt coins keeping bitcoin high for now. Would not supprise me if bitcoin in turn drop again at the daily close or maybe tomorrow. Looks very foolish from my view to buy here no matter what happens this week.
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Sold 90%, I hope it's the correct choice. I can't see it hitting over 12500 again in July at the very least. The traders on trading view mainly suggesting drops to mid 10's 9's or 8's this month before a temporary pullback. Could be a bad week from here on in.
You sold the dip? Noobs. Sigh. my average sell price was 13057. I was expecting a sell off, the alt coins were dumping and i figured this was keeping bitcoin price artificailly high as they are mostly paired to bitcoin. Decided to sell most of my stash. Could be a wrong choice but, I will look at it again next week just think this needs time to cool off a little. |
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Sold 90%, I hope it's the correct choice. I can't see it hitting over 12500 again in July at the very least. The traders on trading view mainly suggesting drops to mid 10's 9's or 8's this month before a temporary pullback. Could be a bad week from here on in.
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I must say, I am very happy with bitcoin's market share growing again. Currently at 66.93% on openmarketcap.com, Going to be nice when it is sitting on 70.
We need more of that shitcoin apocalypse (shitcoinlypse?)  Bitcoin goes up altcoins go down. Bitcoin goes down altcoins go down. I though that meant an incoming dump? what do you think? very terrifying here. |
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A pleasant good morning Bitcoinland.
I see the slow creep upwards has continued past $13k... currently $13024USD/$17090CAD (Bitcoinaverage).
Shouldn't be too long before we see our first new AYH in 2 weeks, maybe even by this weekend, almost surely this month.
Go Bitcoin go.
I have read these pages for many years but rarely post. Just wanted to point out that your thinking on 06/30/2014? You thought it was a bear trap and in fact it was the start of a long and damaging downtreand. I have noticed after reading this thread for a long time, it does seems to be home to many hardcore bulls. Many traders on Trading view are predicting a drop to 10 then - 9.5 the 8.5 as a large correction. What makes you think the price will keep creeping up without any major correction? |
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Say "No" to shitcoinery. Can not agree more with this,  On most exchanges all the other alts are usually paired with bitcoin. hence keeping bitcoin afloat while the masses run from the alts, once that process is over isn't it expected bitcoin will dump quite a lot? |
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altcoins are feeding bitcoin at the moment, the complacency stage is underway. Bitcoin will seem boyant while people cash out of altcoins into bitcoin then they will start to cash out of bitcoin for fiat and the crash will happen.
No idea where the bottom will be but i don't think it looks too good, even if so many people are still positive. This tends to happen when everyone is positive, they already brought and are holding but no new buyers, the ultra bulls won't sell untill it's too late and the ultra bears won't buy no matter what from here.
I think it's going to be a big crash soon.
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hello bitcoin people I have a question. A lot of people talk about EMA or MA, I have found these options on Cryptowatch charts and bitcoinwisdom charts. But how to i see the 20 or 50 day version of the trend. hope some people can help me. |
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 what if the real manipulation was not on USDT exchanges? A Bullish Crab is close to forming on all the tether exchanges. Makes me wonder a little bit, why do we trust the non tether exchanges, they can manipulate just as easy? Maybe the tether exchanges are more close to an honest price. Or am i not understanding something? My post will allow your earlier linked image to be seen (above ) ( Edit - although Ludwig Von beat me to it.. hahahahaha). Maybe you should explain a bit more about what you are getting at, exactly, because for several months there had been decent BTC price variance (premium) on USD tether based exchanges ranging between $50 and $250. Currently that premium is in the $200 area, but a day or two ago it had gotten below $100 for a while.. so I still don't seem to understand your point, exactly? How much do we really care about "true" BTC price anyhow? We have some folks taking advantage of arbitrage opportunities, and we have FUD thrown around about tether, and surely the introduction of "stable coins" is not going to really resolve any of this any time soon, is it? Surely, an additional factor is that a lot of folks tend to use Bitstamp as our price reference point for other reasons as well, including that bitstamp does not engaged in margin trading... sorry for my english. i am happy you chose the example of bitstamp. I try to explain harmonic patterns appear on USDT exchanges much more regularly than on a place similar to bitstamp.additionally bitstamp is lower price than a bitcoin live sell exchance such as cex.io. how can this be? if harmonics are the purest form of Fibonacci numbers in trading then this suggests that tether trades fit a more natural organic pattern. bitstamp for my experice is a good example. it is higher in bull times, and lower in bear times, suggesting the manipulation is there not with usdt. When harmonic patterns show on tether echanges, especaily bitstamp will behave almost opersite to the expected result of fibbonacci harmonic patterns. this is why the price flutuates between supposed usd and usdt, and additionally why bitstamp is lower than cex.io. I believe that bitstamp especally is price manipulating, either a alorthim program, the exchange or one or many traders. you can also see the bitstam orderbook is not behaving normally. |
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what if the real manipulation was not on USDT exchanges? A Bullish Crab is close to forming on all the tether exchanges. Makes me wonder a little bit, why do we trust the non tether exchanges, they can manipulate just as easy? Maybe the tether exchanges are more close to an honest price. Or am i not understanding something? |
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i wonder because scrytp2 algo seems the same (identical) as 11x bungle hashes, can anyone confirm this?
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warren buffet eat my gfx card
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I sold all of my Siacoin earlier this year, but now with the recent pumps enough money was made. So I am back holding Sia, I believe this is a sleeping giant. We have seen this year that coins with a billion+ coins can make really huge growths. Sia has a working product and definitely a useful idea which will be great in the future. Going to keep on buying Sia the next few weeks because it is so cheap.
As many high supply coins showed, the total amount doesn't matter. The good thing with big supply coins is that is not as volatile as a coin with let's say 5M total supply. In crypto sky is the limit, and sia will have a bright future. HODL I certainly hope that you are right with this assumption! Im definitely hodling my SIA as Im still in a pretty big loss, so it would be stupid to sell now. Looking forward to the next steps and to seeing SIA perform great in 2018. Let the hodlers be rewarded! Sia and Digibyte are just one of those good coins that are yet to hit back to their previous prices. Second half of this year is a disaster on most altcoins. I think early 2018 is a good bounce. well, even doge hit and beat it ath. warren buffet is probably buying this stuff. |
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