Prepare for the wave

[mixan]

You DO know this is a "Speculation" forum???

Yes i know, but speculation doesn't mean you have to base yourself on nothing. Speculation can be made through logic and arguments, not just what "you felt while drinking your coffee and that big revelation you had while you slept"! 

Unfortunately, Bitcoin very often defies logic! So not to crush your analysis and reasoning, you can use all the logic of this world, but Bitcoin will still do its own thing and that will most often be what you haven't expected.

This summarizes all of my attempts to predict Bitcoin movements by using logic and analysis!

BTC is a beast of it's own virtues. That is why it is spelt with a capital B.

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[flagpara]

More on Bfxdata -> buy when BTC price trend is up after decrease in Flash Return rate (FRR). It means more users are funding margin call accounts to satisfy demand for leveraging (i.e. sentiment become bullish).

Thanks a lot for all those informations, but personnally i don't understand a thing 

[flagpara]

Bfxdata are Bitfinex data. This exchange gives users the possibility to fund margin account at a give rate. To summarize you are paid to lend your money to others users who want leverage.

https://www.bitfinex.com/pages/features

Wow! I didn't know it existed... But isn't it a bit strange? I mean what is the point? If you lend your coins for somebody else to trade, you're the one taking the risk (it's your coins they're betting) but you'll only get parts of the profit. So why going with that solution?

[mcplums]

Ok i know there are already lots of thread about how btc is going to go 400 or 1000$ in next weeks, but most of the time it's just people coming saying "it will" or "it won't".

Well i'm not an economist so i won't say i know, but i wish this thread will be used for people with facts and arguments, not just opinions.

No one knows what the price will do over the next few weeks op, economists included.

The only exception are those with insider information. If I had $1bn that I was planning on buying bitcoin with tomorrow I would have a pretty good idea of what would happen to the price.

[Hugroll]

Ok i know there are already lots of thread about how btc is going to go 400 or 1000$ in next weeks, but most of the time it's just people coming saying "it will" or "it won't".

Well i'm not an economist so i won't say i know, but i wish this thread will be used for people with facts and arguments, not just opinions.

I firmly believe in a near btc price rise, because of the coming halving and the black friday trend (more than 1000$ last year) and i saw something strange on cex.io:


As you see the market depht is closing, a week before there was much more sell order than buy orders, now it's 830btc buy order vs 710 btc sell order.

It means more people want to buy than to sell, logically the prise will go up.

i also think that the price is going to go up around black friday, just like the time it went upto $1000. However i believe that hitting 1k this year mighe be tough, i was kinda expecting it to go upto around 500-600. and i think the reason the buy orders went up is cuz of black friday, people are stacking up on btc incase they find something on sale to buy lol.

[notaek]

The Bitcoin Black Friday tradition started as a way to entice new merchants to sign up with processors. When companies like NewEgg, Microsoft and Gyft started to accept bitcoin and promote deals, the press coverage drove price up until Black Friday. Price soared to record highs of $1,163.
The 5 weeks following November 29, 2013 still haunts early Bitcoiners. As consumers continued to spend bitcoins, price plunged almost 50% until Christmas Eve.





In 2015, we don’t expect a price plunge post Black Friday because consumers have options to shop on open marketplaces. Rational consumers will shop where they find the best value, so if open marketplaces can provide better value than Bitcoin selling merchants, we shouldn’t expect another price plunge. On open marketplaces, merchants receive bitcoins instead of bank deposits drastically reducing sell pressure. Higher efficiency can then be translated to better value for both consumers and merchants.

[98problems]

the price is fluctuating a lot right now because of the black friday though im afraid that the price can go down a lot after a few days after this event i dont know if i should sell my btc

[AndySt]

the price is fluctuating a lot right now because of the black friday though im afraid that the price can go down a lot after a few days after this event i dont know if i should sell my btc

Price volatility in the next few days may allow you to earn good money in the coming days on the correctly chosen strategy. You only need to define an expected range of volatility.

[Rufsilf]

the price is fluctuating a lot right now because of the black friday though im afraid that the price can go down a lot after a few days after this event i dont know if i should sell my btc

I do not see volume increase so far. So the Black Friday is American effect. The American are still sleepin.

[Sictalfia]

the price is fluctuating a lot right now because of the black friday though im afraid that the price can go down a lot after a few days after this event i dont know if i should sell my btc

The price did not go down at all. It is just between $340 to $360. So there is not much effect of black friday.

[manis]

the price is fluctuating a lot right now because of the black friday though im afraid that the price can go down a lot after a few days after this event i dont know if i should sell my btc

Price volatility in the next few days may allow you to earn good money in the coming days on the correctly chosen strategy. You only need to define an expected range of volatility.

And you may incur huge losses if there is a breakout in either direction.
Trading is always risky. Better to have a hold strategy, if you are a long-term bull.

[maokoto]

When there is a wavering in price, everybody is speculating of it going even much higher. But none foresees the wavering in the first place 

Maybe it will go to 500, but I think it will go down again based on previous experiences only.

[Amph]

the price is fluctuating a lot right now because of the black friday though im afraid that the price can go down a lot after a few days after this event i dont know if i should sell my btc

The price did not go down at all. It is just between $340 to $360. So there is not much effect of black friday.

it work like that, big manipultor increase the price --> waiting for average joe to enter, if they do not enter in the market, they will stop, you get the current type of pump

otherwise they will continue for the next wave of average joe, then, they dump at random and take the few coins of the average joe

this is certainly sure for small exchange with low volume

[ThunderThomas]

It was interesting to read what everyone on here said before black friday and what people have to say after.

It did go up a bit around black friday but not by much as many here suspected.

[Rufsilf]

It was interesting to read what everyone on here said before black friday and what people have to say after.

It did go up a bit around black friday but not by much as many here suspected.

The Black Friday has little effect on the bitcoin price. The price is very stable recently.

[defaultking]

Ha ha thanks op. I just commented last night that I wish more speculation topics had moremeat and not just it's going to crash or to the moon. With that said I think bitcoin will drop a little this week if Chinese markets stabilize Monday due to people moving there money back into the market.

[bitlancr]

I'm just hoping for bitcoin to continue to rise. I know that bitcoin eventually will come down a bit after it rises, but I hope it won't crash all the way down to nearing $100. Halving is coming up so I'm pretty excited about that as well. Let's just wait and see what 2016 has in store for bitcoin.

[MaxTax]

There is a waving coming, but i expect it to go down, instead of going up it is going down.

Too bad we will not see a 500 USD spike.

[pissedoff]

There is a waving coming, but i expect it to go down, instead of going up it is going down.

Too bad we will not see a 500 USD spike.

There is only a upward wave coming. We might see $500 by the end of this month or next month.

[flagpara]

There is a waving coming, but i expect it to go down, instead of going up it is going down.

Too bad we will not see a 500 USD spike.

Hope you're saying right friend! But don't hope too much, It smells like it's going crazy upward those days :/