Bitcoin Price Holds Above $9k

[daarul50]

Let's see if they could attract investors on there crowdsale.

They have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.

poeple start comparing how this profitable how that profitable bla bla bla

aramco well known as the most valueable and profitable company recently eventhough it is still debatable. crazy rich arabian , they are rich by nature less hardwork , hate to say this but that is the truth unfortunately yeah.
wondering if there is any of us here interested to join in the ipo? moving your precious bitcoin and swap it for the one time chance biggest ipo? that should be the safest investment with high probability to get a profit with all those status.

will you? cause i am not doin that especially if i have to cash the bitcoin out, no thanks.

I can do that, I don't only hold btc for my long term investment, if I see some project with great potential, I will always try to risk on it.
BTC is not the only profitable in the market, though its the safest investment but are we really here to play safe all the time? I am not, I am here to explore and take some calculated risk if I want to.

well that is your choice , but what i mean is by exchanging your bitcoin for this aramco IPO seriously?

you want to do that? i know how to manage investment portofolio but moving one investment to another just like what you gonna do is not something wise action especially holding stocks require a strong commitment , at least you need to hold it for 5 years -my estimation- to get best investment performance , in crypto? you can get unexpected growth in just few months, that is the difference.
even though we are in tough position now try to hold the support at $8000 to not fall further away , bitcoin as a long term investment is still relevant.

comparing this to aramco IPO that is not relevant .

[fantasticromantic]

Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.

[exstasie]

Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.

The $3,000s were depressing times too. So were the $7,000s last month before that pump over $10K. I would be a lot more worried if people were bullish. Instead, they are fearful and pessimistic which is a sign that we're close to the bottom.

According to Tim West's TAM model, the daily downtrend triggered November 7th is running out of time. The daily is also oversold. We may be looking at a falling wedge:

[JL0]

Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.

The $3,000s were depressing times too. So were the $7,000s last month before that pump over $10K. I would be a lot more worried if people were bullish. Instead, they are fearful and pessimistic which is a sign that we're close to the bottom.

According to Tim West's TAM model, the daily downtrend triggered November 7th is running out of time. The daily is also oversold. We may be looking at a falling wedge:

Falling Wedge = Upside breakout ? If yes in the coming days then ?

[redsun114]

Nobody likes that, its adding insult to injury because altcoins have already suffered a lot and yet there was no sign of recovery yet.
We can't do about it if people loss their confidence on altcoins because in general the market is really struggling,  just like in the past, this will be over sooner or later and the market will begin to look green again.

There might be really a need for these to happen, as too high price may lead to imbalance of the market, the dropping of price for correction is reasonable but having it for like 2 years especially if you'd put a lot more investment is irritating somehow  but when we believed in what we hold is worth waiting like bitcoin.

You are being realistic here mate and your thinking is different from everyone’s own that is always thinking that bitcoin should just be increasing as if it is only buy that we will be having in the bitcoin market and there are no people selling their coin and even exchanging it to fiat again.

Sometimes if I see the way that bitcoin fluctuates in price, it even encourages me more that people are using it and not just accumulating it to keep, because it is when they use it that demand will increase and as demand increases, it will continue to shorten the supply of bitcoin that we have which the more the supply reduced, the more that it will start getting scare till it gets to that point where it will become so scarce and this will be the turning point for a continues value appreciation.

[Wexlike]

Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.

The $3,000s were depressing times too. So were the $7,000s last month before that pump over $10K. I would be a lot more worried if people were bullish. Instead, they are fearful and pessimistic which is a sign that we're close to the bottom.

According to Tim West's TAM model, the daily downtrend triggered November 7th is running out of time. The daily is also oversold. We may be looking at a falling wedge:

Falling Wedge = Upside breakout ? If yes in the coming days then ?

The Bitcoin halving is not that far away anymore. Curious how we will hold ourself until then. Still awaiting a rally up to $16k at some point.

[STT]

Halvening is a month by month consideration and we're not there yet, I consider it long term because its an event that takes time to sink into the price.   So to speculation will not suddenly spring up like its news when its always been there.
   The falling wedge idea is great though, that could well fit into BTC price staying above about 8000.   I think thats where we need to hold above to maintain ourselves above a previous negative trend and if it does that then the bears can reverse to find us bullish upto about 9600 I guess.  Thats just the fast movement, after that requires more jet fuel and other considerations over days.



Little chart because I think too much spaghetti scares people, weekly and monthly averages are roughly in the same place so in something of a crossroads right now perhaps

[barabarian1]

in my opinion we can't compare bitcoin with big companies like saudi aramco. both have far different characteristics and markets. bitcoin which is very volatile can provide advantages and disadvantages but not to the effect on the global economy. But if something happens with Saudi Aramco it will have an impact on world oil prices and the world economy.
for the price of bitcoin I am optimistic that the price of bitcoin at the end of this year can reach $ 10,000 even though the price of bitcoin is currently down $ 8500 I'm sure bitcoin can pump again.