The Rasputin of crypto.

15k.

Also, remember theres the CME contract to expire yet.

If $4100 and $16500 were fixed values, we would be trading and multiplying our coins. We could buy four bitcoins at the bottom for one sold at the top.

Unfortunatelly, it is not.

Again.

Não.

Less than 0.5% of the world population have bitcoins.

There's more space to go up, than to go down.

Everybody is. Bitcoin is money, if its value drops, then you are losing money.

I was thinking in 8k, but after I got a closer look to the charts, I guess it will be 5k.

10k being tested, four and five digits from one second to the next.

October was actually 4-5k, I checked it. I was confusing the numbers.



So we have these two floors, around 8k and 4k. These are the most stable positions, the others are like steep mountain walls.

Yes, but this year is more intense, due to Wall Street interference.

8k was sidelined for a week, back in November. That's why we consider a strong support.

Most of the rise was on December, right before the opening of futures.

And the leverage, how it plays into that?

From my (little) understanding, they use the leverage to worsen the effects of a big short.

Its showing 435k satoshis per kb here, for 6 blocks confirmation. Last time I checked was around 300k.

Your answer is in Venezuela.

It is not a matter of beliefs, but of facts.

He is celebrating the founding of the Royal Netherlands Navy, which was in 1488.

I hope it stops at 8k.

But it can go to 5k, due to the noobs panicking. Just look at the other threads.

Never invest what you cannot lose. Never go all in. Always start with 5-15% of what you have.

Always hold it, until it matches what you want to buy with it, something expensive, like a sports car or a house.

And even when it matches what you want, dont sell it all, only a small part. Plan for dozens of cars or houses, not just one. Plan for a retirement.

Bitcoin critics are buying it at this moment. People like Dimon and Buffet are buying it. They dont need to understand the tech, they have clerks to take care of it.

The problem with these noobs is that they put all their money on it. Everything, their entire wages go to it. That's the recipe for disaster.

This crash happens every year, always in January.

This year is more intense, because of futures markets. They opened in December because they studied the charts, and noticed the usual crash in January.

Most of the pump starting in November was done by millionaires associated with hedge funds. This was after futures was announced by the end of October.

When futures opened in December, they bet on shorts, and using leverage, sold contracts by 10x the price. They sold contracts without having it, taking loans from the house.

Then they go back to the bitcoin exchanges and short it. They dont do it alone, but in groups, so it is all coordinated, like they did with gold and silver before. The short provokes a panic, the price matches the contract, and then they cash it out, with 10x the price stipulated in it. That is, if he shorted 1000 bitcoins, he got 10000 bitcoins, but with the value in cash.

What he will do with all this cash? He will buy more bitcoins and pump the price again, this time even higher because of the leverage. Rinse and repeat, and a lot of people will suffer from it.

It will become worse when it opens in Nasdaq, probably by April or May. Probably bitcoin will be "tamed" in a couple years, like they did with gold and silver. We just dont know at what price it will stay, as some of these millionaires are bulls and will bet on longs.

Now, someone will say that if you hold your bitcoins in cold storage, we might get safe due to smaller supply. But what dictate the price is what is being traded on the exchanges, so they can do the same thing with a low volume.

But nothing of this is possible if there is no panic.

The return to the mean in Eliott's Wave is between 5k and 8k. It should be 8k, if we count only those institutional pumps, but theres the panicked noobs, and they will drive the price even lower, to around 5k.

Bears will say the mean is between $200 and $800, but most of these bears are shilling for BCash, and wants the flippening to happen. However, every altcoin is going down with bitcoin, due to the panic. Notice that theres no future markets for altcoins, only for bitcoins, so the real driving force on this crash are the noobs selling it at a loss.

Around 30k if follows the patterns of 2015 and 2016, and around 200k if follows the pattern of 2017.

Just add a zero to his numbers. The bottom will be between $8000 and $40000.

Really? Who do you think was buying thousands of bitcoins in November and first half of December, after futures got announced? The same guys who are now betting for shorts. They pumped the price, and now they are dumping it. Then they claim the cash from their bets, and use it to buy more bitcoins, recovering what they lost dumping it. They use a leverage of 10x in their bets, so they win 10 times what they dumped. These are big players, they have millions of dollars at their disposal. We cant do anything against them, as anyone can buy criptos, even governments.

If there was no futures, we would be stationed around 10-11k by mid-December and falling to 7-8k due to the January dip (see charts from previous years). But what we had was a steep rise to 20k and now we are falling back to October levels.