Reality is sinking in... We may not see $1200 again. Not in 10(?) years.

[Amph]

As long as the top 1% hold 99.999% of the bitcoins in existence, we will never see $1200. When only the elites, the early adopters and whales, hold the coins, there is no utility to the coins. Just let the coins die. Bitcoin has become millionaire's toy. Even now, they are manipulating the prices, taking coins from the ignorant masses is just like taking candy from a baby.

the problem isn't only that, the problem is that there is also competition with other type of trading, like stocks/gold ecc, so many are forced to hold bitcoin while playing with those others kind of trading

it safer to hold right now even for whales(they are probably playing with little money, notice the small swings...)

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[tokeweed]

As long as the top 1% hold 99.999% of the bitcoins in existence, we will never see $1200. When only the elites, the early adopters and whales, hold the coins, there is no utility to the coins. Just let the coins die. Bitcoin has become millionaire's toy. Even now, they are manipulating the prices, taking coins from the ignorant masses is just like taking candy from a baby.

the problem isn't only that, the problem is that there is also competition with other type of trading, like stocks/gold ecc, so many are forced to hold bitcoin while playing with those others kind of trading

it safer to hold right now even for whales(they are probably playing with little money, notice the small swings...)

On a downtrending market hedging some to fiat is not a bad decision.  If you can borrow some BTC, short it.  But like anything...  keep your losses small.

[Snorek]

If Willy was responsible for the latest surge then Billy the bot will bring us to 10K 

That is exactly my thought. How we are sure that there won't be any other Willy Bots in the future? AFAIK there is nothing that prevents this kind of activity.

[WhatTheGox]

The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

If it were that easy to pump the value of something like that then it will happen again.  Everything moves faster in bitcoin vs traditional markets 10 years is a lifetime.

[Amph]

If Willy was responsible for the latest surge then Billy the bot will bring us to 10K 

That is exactly my thought. How we are sure that there won't be any other Willy Bots in the future? AFAIK there is nothing that prevents this kind of activity.

not really advisable, billi bot was managed by a hacker that has taken the control of the trading in that era, at least this is what that article say, if a rise of 10k happen because of willy 2.0 then expect even a big crash than the last one

[ensurance982]

The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous!

[tokeweed]

The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous!

Maybe...  We'll see.

[ensurance982]

The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous!

Maybe...  We'll see.

Also, keep in mind that we've seen Bitcoin go up 100x before Willy was active You have to take a step back from the timeframes outlined in the Willy report and see that there have been bubbles before our beloved bot began buying as if there's no tomorrow!

[tokeweed]

The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous!

Maybe...  We'll see.

Also, keep in mind that we've seen Bitcoin go up 100x before Willy was active You have to take a step back from the timeframes outlined in the Willy report and see that there have been bubbles before our beloved bot began buying as if there's no tomorrow!

Again...  We'll see.  I'm an open mind.  But looking at the charts right now, it's still trending down.