Wow look at that drop, straight out the bottom of my pitchfork.  As always zooming out a bit gives a bit of different perspective.  Until I see price conclusively below that lower trendline (currently) at $320 for me bull mode is still on. |
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The venom of the trolling on here makes me wonder if Guy Wonderful is right after all. Some really nasty characters lurking here.
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You're the guy who told me we'll see "Bitcoin goes to 1200-1300 within a month."
That was last June.
I listened to you, and now my kid had to drop out of school (she was going to Vassar) to wash toilets.
Thanks for ruining our lives, asshole.
back in june...., bitcoin was 230.... , wasn't?
feeling bad for your daughter  This is funny for you?! You know what binary options are, asshole? Yeah, I staked everything I had on $1,000 BTC, thought I was playing it extra safe. You know why I'm posting this from a public library? Because shit wifi in the cardboard box where me and my daughter now live. Thanks to you. Asshole. @antonio.hernandez yeah, I was a fool to listen to this huckster, expensive lesson learned. Cant undertand this ever. Every one who bought at mine advice back in june have average %60 profit currently. Douchebag: Thanks for telling me NOW that you don't know shit about trading & don't understand binary options. Had I known back in June, I would have ignored you, and my girl wouldn't have to scrub fucking toilets and do God knows what else to support us. I've already backtraced you and will sue you for your shitty unlicensed financial advice. Yeah, already contacted the SEC and they told me to get server logs from this bulletin board's administrator. Soon as I get them, expect a knock at your door, asshole. Good luck. Send Pm for my address. Nice try, criminal scum. Lie to me via PM regarding your current domicile - server logs from this bulletin board won't. And don't think you're beyond the reach of Justice just because you're from some third-world shithole. They got VJ/POM Thomas Clark, they'll get you. Are you Jamie Dimon ? |
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c'mon, you dont understand GUYS??? It's simple!! IT's just a FLASH CRASH. Price will reach new highs shortly!!!.
Ah You mean a bit like the silk road panic sell off just before price went shooting to the moon over $1000 ? |
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Anyone buying now is a fool. We broke through support and the next support is around $317.
We'll be seeing that very soon.
Buy now and cry later.
Think I'm on similar page, on bitcoin primed thread i said bottom looks to be about $320 |
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You're the guy who told me we'll see "Bitcoin goes to 1200-1300 within a month."
Yeah, thanks to you I couldn't pay for my education anymore and had to start a career as thrashman. never forgetthrashman? |
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Jamie Dimon is one of the top gangsters, oops I mean bankers, in charge of JP Morgan and he is on record of hating bitcoin.
I am sure he would love to be able to manipulate bitcoin the same as gold but he can't. Bitcoin just doesn't have the derivatives that gold does. Also it is much harder to be so opaque in bitcoin as gold because the blockchain is available to all to see. Unlike eg Fort Knox which hasn't been audited since the 1950's I think! (Its empty) Additionally banks dont hold huge reserves of bitcoin as they do gold.
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Double top was a good call. But I don't think trend has changed when looking on weekly timeframe. I expect a fairly short lived bearish phase before bull moves resume
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Down 6% as I write, can't tell on my chart as theres a glitch in tradingview but i think bottom of the bull fork has been breached. Might fall a way further yet over coming weeks. I'm thinking about $320 as absolute floor unless it rebounds before then. Bitcoin primed idea as described on OP still valid though.
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Anyone who wants a chunk of this coin supply better get a move on. It's all going to the reserve market by stealth and the people trading Dash currency market have no clue what's round the corner since migration from currency to reserve does not manifest itself in price until a very late stage in the game.  Nice ! Does anyone have a ballpark figure of how many masternodes is the limit for current amount of coins? obviously the number of masternodes can't go up forever |
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I take it you are joking about governments being good for the economy!  -- Capitalism has to go?! But but... what? We don't have capitalism, we have too big to fails who are draining the life from the economy via bailouts when they should have f***ng failed  That is not capitalism. We have central banks controlling rates and markets. That is not capitalism. Capitalism was got rid of ages ago. We'd have money that is not based on debt so you could save your capital and have some stability in its value. Capitalism is dead. |
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An interesting topic I think.
Without government, would there actually be more theft from the rich?
Just sort of letting my thoughts wander but I tend to think the rich would be unaffected by there being a government or not. At the moment the rich pretty much control governments and banking and use this power to consolidate and accumulate yet more and more wealth. We are living in a world where the rich are the only ones seeing their wealth increasing this is because they have it designed that way. If they don't use a government for this in the future it will probably because they have some even more sinister method planned to replace it.
The real question is how to stop this situation and make a more fair world? Perhaps bitcoin takes us in the right direction by taking power away from banks.
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I'm not sure price has finished correcting yet, might still see another dip towards $400
When there is such a dip towards or below the $400 mark, the time will be brief. Then the price will resume upwards. Thats along the lines I'm thinking too that there should be strong support on the bottom of that fork. In fact due to slope moving up that support is probably at about $410 now. |
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This piece is titled IMAGINE by afbitcoins  My opinion is no way history repeats itself. THis chart makes assumptions about scalability, risk of hard fork and matters to do with the protocol. You know what they say, history doesn't repeat but it rhymes. Nice to see my chart being shared. Its not really a prediction more an illustration of the kinds of numbers we could be dealing with 'if' bitcoin hits bubble territory again. With a financial crisis in the pipeline, who knows what might happen? I'd say these sort of prices are realistic but I wouldn't like to guess how probable. |
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well the instability of bitcoin is clear, look an entire yearin negative, after a huge positive year and another positive year after that
this year should be positive too, unless you assume a sinusoidal trend, with + and - after it...
It shows how small bitcoin market cap still is. When bitcoin is a few magnitudes bigger it will also be much less volitile. Until then enjoy the rollercoaster ride |
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I would never go for an altcoin since i heard just too many bad things about them.
Most of the developers there are not developers at all, just hiring some guy to make a coin and they make up some graphics.
That's correct. Apart from their bogus marketing plan they can't deliver on anything. There are a few legit coins with good developers but they too can make a coin go downhill very fast by having no time. Why I like Dash, the devs are delivering |
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Thought this was an interesting point of view, not specific to bitcoin but is relevant to bitcoin I think. Don't watch markets too much - its all program trading
Submitted by gldslv on January 9, 2016 - 2:29am.
It must be tough playing markets using traditional trading techniques now a days. Trading against algos is like playing chess with a computer. It moves 100 times faster and given enough market power can create any perception it wants to paint. All the manipulator has to do is tell the computer to move a stock/bond/index prices in a method that paints a image to the trader that becomes financially attractive. Once the money is drawn in they can tell it to go in reverse and clean the house/gather the chips.
Its not the old days, in today's world, perception is managed by a few money centers. Its all algos based in painting an image of market movements. Not reality. 'Falling knives', 'gap filling' are algo responses these days and not traditonal human traders (forget investing) performing the activity. Trading algos do not take into account any long term investment data points that any reasonable human investor instantly understands..
Do the algos adjust/compensate trading patterns on this type of information? Its really hard to quantify and therefore hard to introduce to the algo:
1) Debt/gdp ratios and the rate of debt growth between sovereigns relative to a stable unit of account?
2) rapidly changing geo-political relationships. Can't quantify that until you see an earnings/pricing hit somewhere.
3) The meaning of 'money versus a currency' as it pertains to human purchasing power? Which to humans, I would think, is really important.
4) Undefined black swan events like country X accepting the yuan for trading or better yet announcements that include new markets to sell/buy goods and services, therefore impacting the future earnings power of corporations that do not participate in those markets.
Its important to get the trend right, the algos react to capital and trade movement but I'm convinced that if China attacked Japan on a Monday, human traders would hit the sell button, the markets would drop and by Thursday, by controlling/manipulating the VIX and futures on the indexes, the algos would gap fill right back to almost normal. This type of event is a trend influencer that only humans can quantitatively 'feel' the impact on future market conditions. The algo's lack of understanding for these minor and not so minor non-quantitative events is why we are experiencing more and more shock and awe.
To me this is saying, trade on longer timescales. On day trading you will be cleaned out. |
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I think holding place seems still strong. Price stays strong for long time.
I also guess $700 to $1000s in near future.
The support at the current price is great but we should hope that it remains the same or gets better after the halving. Which will be precedential event, because after every previous halving price of cryptocurrency (either bitcoin or litecoin) went down. Sure we can argue than at that time of previous halving we didn't have such presence, bitcoin was not known, there weren't many investors, adoption or projects etc. This is the reason we should be rather cautious about having positive attitude towards price rise after halving. The price didn't go down after the last bitcoin halving it went up to new all time highs, then it went down, then up to even bigger all time highs then it went down. |
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I'm enjoying this thread and agree with the idea, though wouldn't recommend picking alts to everyone. Idea of only looking at those with big market cap is sensible. Also those that have been around for a while
@SISAR Wondered if you care to name any that have caught your attention ?
Only alt I follow myself is DASH, might also be tempted to look into ETH a bit more though.
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