The BTC Road to Double Digits Thread

[tokeweed]

Bitfinex




Bitstamp




BTCe



I will update the charts as much as I can.

[mrhelpful]

Yeah, and then we`ll hopefully see some type of re-course right?

And then it`ll head back to a support of three digits again instead of the double digits being a temporary phase.

[tokeweed]

Yeah, and then we`ll hopefully see some type of re-course right?

And then it`ll head back to a support of three digits again instead of the double digits being a temporary phase.

Of course...  We have to accept that this is the market.  It goes up, down and sideways without bias.  We should follow it without bias too then get rid of the emotional stress that comes with it in the process.  That way, you can hedge your positions and at least maintain the value you hold (or even profit).

As they say, never put all your eggs in one basket.

 

[bigtimespaghetti]

As they say, never put all your eggs in one basket.

 

I thought I learnt this the hard way selling at a higher price, turns out it was a good decision. You need to be long term for sure and not get caught up in the emotion.

I have some financial commitments coming up so I'm simply sitting this volatility out. Well, if waiting for another major low can be considered sitting it out

[Amph]

in the worst case it will return to 60-90 dollars, the previous price that started the 1200 peak(maybe willy bot is waiting that to start his manipulation again), who are hoping for trollish numbers like $1-2 is just a delusional falllllling fanboy

[Xiaoxiao]

[tokeweed]

in the worst case it will return to 60-90 dollars, the previous price that started the 1200 peak(maybe willy bot is waiting that to start his manipulation again), who are hoping for trollish numbers like $1-2 is just a delusional falllllling fanboy

Nah...  The Willybot was more than a simple pump and dump.  I don't think it's coming back.

Read the theories about it here...  https://willyreport.wordpress.com

[Xiaoxiao]

[Amph]

in the worst case it will return to 60-90 dollars, the previous price that started the 1200 peak(maybe willy bot is waiting that to start his manipulation again), who are hoping for trollish numbers like $1-2 is just a delusional falllllling fanboy

Nah...  The Willybot was more than a simple pump and dump.  I don't think it's coming back.

Read the theories about it here...  https://willyreport.wordpress.com

that's interesting, i didn't know the full story behind it, this is also a confirmation that the 1200 peak was not reached only by the bot, because 10.-20 every 5-10 min, for just one month, result in "only" 150k btc, they are not enough to rise the price at 1200

i was mistaken they are 270k btc apparently

[professor bitcorn]

in the worst case it will return to 60-90 dollars, the previous price that started the 1200 peak(maybe willy bot is waiting that to start his manipulation again), who are hoping for trollish numbers like $1-2 is just a delusional falllllling fanboy

Bitcorn will definitely return to $10

[ensurance982]

Just look at the people predicting sub-$2 prices back in 2011! Everyone was waiting for that to happen. Things were looking really scary back then. In retrospect not a very big deal, but the price tanked just like it did post 2013! Just make sure not to get too greedy with all your shorting!

[BTCat]

Double digits, never again.

[srgkrgkj]

As they say, never put all your eggs in one basket.

 

I thought I learnt this the hard way selling at a higher price, turns out it was a good decision. You need to be long term for sure and not get caught up in the emotion.

I have some financial commitments coming up so I'm simply sitting this volatility out. Well, if waiting for another major low can be considered sitting it out

Emotions and finance go way back personally im in it for the long term so this volatility isnt hurting me lol 1 bitcoin is still worth 1 bitcoin to me xD

[bigtimespaghetti]

As they say, never put all your eggs in one basket.

 

I thought I learnt this the hard way selling at a higher price, turns out it was a good decision. You need to be long term for sure and not get caught up in the emotion.

I have some financial commitments coming up so I'm simply sitting this volatility out. Well, if waiting for another major low can be considered sitting it out

Emotions and finance go way back personally im in it for the long term so this volatility isnt hurting me lol 1 bitcoin is still worth 1 bitcoin to me xD

One thing I find hard to imagine is all those that bought in $260+. I'm not really an early adopter myself, I was just familiar with bitcoin enough to see the makings of a bubble when the craziness began, so I got some 'cheap' (less than $100). But if I had bought in higher, in the quantities and amounts consummate with financial mania... Makes me feel like we still need a seriously big washout for the real capitulation.

I have no idea where that may be, but it is looking to me to be at least close to $160 at this point, just thinking out loud though. All the technical analysis I've been reading has been incredibly mixed and confused lately.

[JayCoDon]

I think the price is important to you depending on how long out you're thinking. I was paid bitcoin for work that I did at an average cost of approximately $240/coin. Therefore, every time it goes lower, I am "losing money." However, I don't really view it that way because I'm not looking to sell it. It's just "paper" losses. For me, I'm looking at this as a 10-year hold. If the coin is valued at $240/coin then, I've made a poor decision to hold bitcoin as an investment.

I would be perfectly comfortable if the coin dropped to $60 because then when I got paid in bitcoin, I would get more actual coins, which supports my long-term investment goal. Further, if it drops to $60, I average down my investment.

If I was holding for 6-months, I agree that it going to $60 would be absolutely petrifying. But as a long-term holder, I just don't care. That being said, I think it'll hit a support of $180 (maybe $170) and then begin a rally again (still more blood to take from this). However, I am curious to see what happens if it does rally after hitting that support, but can't break the $300 resistance. Will the support get weaker each time?

[gentlemand]

One thing I find hard to imagine is all those that bought in $260+. I'm not really an early adopter myself, I was just familiar with bitcoin enough to see the makings of a bubble when the craziness began, so I got some 'cheap' (less than $100). But if I had bought in higher, in the quantities and amounts consummate with financial mania... Makes me feel like we still need a seriously big washout for the real capitulation.

I have no idea where that may be, but it is looking to me to be at least close to $160 at this point, just thinking out loud though. All the technical analysis I've been reading has been incredibly mixed and confused lately.

Would $160 truly break any spirits by now though? If you're still here after the fall from the tippy top you'll be pretty immune to capitulating. People are either in it for the long haul or it's an overwhelming 'fuck it, let's see where it goes'. 160 is a piddling percentage down compared to the overall fall.

[bigtimespaghetti]

One thing I find hard to imagine is all those that bought in $260+. I'm not really an early adopter myself, I was just familiar with bitcoin enough to see the makings of a bubble when the craziness began, so I got some 'cheap' (less than $100). But if I had bought in higher, in the quantities and amounts consummate with financial mania... Makes me feel like we still need a seriously big washout for the real capitulation.

I have no idea where that may be, but it is looking to me to be at least close to $160 at this point, just thinking out loud though. All the technical analysis I've been reading has been incredibly mixed and confused lately.

Would $160 truly break any spirits by now though? If you're still here after the fall from the tippy top you'll be pretty immune to capitulating. People are either in it for the long haul or it's an overwhelming 'fuck it, let's see where it goes'. 160 is a piddling percentage down compared to the overall fall.

I agree, perhaps the bag holders are simply disgusted or just hodling. Which only leaves whales and day traders circle jerking the price around. Either of these is not conducive to a stable or steadily rising price. And factoring in mining coins? I'm not sure it's a rosy picture despite the huge decline.

[tokeweed]

All time high of shorts at Bitfinex.  Does some big whale know something?

[stonerider]

It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.

[jjacob]

Double digits?
This road will soon hit a dead end, my friend.