You guys need to relax

[NorrisK]

Look guys. You need to relax and stop going crazy about small time price actions.
...

Do you follow Bitcoin at all? Did you hear about a Core dev quitting & calling Bitcoin "a failed experiment"?
About the impending hard fork looming over us, because, as it turns out, consensus ain't such a sure thing to reach for our conductors, even when our choo choo is chooching into a brick wall?

FLY, YOU FOOLS!

Mainstream media has massively overblown his statement and leaving bitcoin development.

This has caused a dent in the price, which has corrected for more than 50% back to normal already.

Please go ahead and leave bitcoin with him, but don't come crying back later.

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[MatTheCat]

Mainstream media has massively overblown his statement and leaving bitcoin development.

This has caused a dent in the price, which has corrected for more than 50% back to normal already.

Please go ahead and leave bitcoin with him, but don't come crying back later.

And next to getting all excited about whales pumping and dumping BTC all over the charts, in order to wipe out the little guys, is everyone hopping up and down getting excited about the least little bit of BTC related news, in the widespread belief that it really is *news* that drives Bitcoin. If that Mike Hearn *news* came out prior to a whale Pump cycle, then they probs would have ramped on that news, and a positive spin would have been put on the Mike Hearn story to 'explain' the ramp and the little guy would have piled in in his usual FOMO fashion.

BTC is cashcow to Chinese Bitcoin cowboys which they also use to get CNY into USD, i.e. Capital Flight.  Just look at where the last low was $470, right beneath the $475 base for the whole of the last ramp. How many little guy Long Stops do ya think got triggered there? Or what about the break out just above the key $400 resitance? How many Stop Loss Orders do ya think got triggered there? BTC market moves are 90% bullshit.

*Real* organic markets, determined by mass movements of the herd do not behave like this. This is how cornered and totally rigged markets move. Like traders are being asked to bet on mechanical donkeys, whilst the guy who operates the donkeys, ensures that the one with the least bets on it wins, with all the losers bets being swept up by the house.  The key to knowing which way Bitcoin is going to go next, is to look at a big exchanges order books, and see where the most Stops are. Because THAT is where Bitcoin is generally going next........Unless we have genuine Buy-In or Cash Out event, which again, are determined largely by Chinese Bitcoin Cowboys capital flight operations.

[Pab]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

Sure,that small up and  down it just a game,some idiots are leaving btc,in fact good for  btc,people panic
sooner or later btc will  reach  650$ and  lets see

[European Central Bank]

This section would be a ghost town without the panic. I find it kinda funny watching the sentiment swing from despair to euphoria within a handful of dollars. It tells a pro trader that there's a ton of money to be made scaring the people involved in the markets.

[CuntChocula]

Mainstream media has massively overblown his statement and leaving bitcoin development.

This has caused a dent in the price, which has corrected for more than 50% back to normal already.

Please go ahead and leave bitcoin with him, but don't come crying back later.

And next to getting all excited about whales pumping and dumping BTC all over the charts, in order to wipe out the little guys, is everyone hopping up and down getting excited about the least little bit of BTC related news, in the widespread belief that it really is *news* that drives Bitcoin. If that Mike Hearn *news* came out prior to a whale Pump cycle, then they probs would have ramped on that news, and a positive spin would have been put on the Mike Hearn story to 'explain' the ramp and the little guy would have piled in in his usual FOMO fashion.

BTC is cashcow to Chinese Bitcoin cowboys which they also use to get CNY into USD, i.e. Capital Flight.  Just look at where the last low was $470, right beneath the $475 base for the whole of the last ramp. How many little guy Long Stops do ya think got triggered there? Or what about the break out just above the key $400 resitance? How many Stop Loss Orders do ya think got triggered there? BTC market moves are 90% bullshit.

*Real* organic markets, determined by mass movements of the herd do not behave like this. This is how cornered and totally rigged markets move. Like traders are being asked to bet on mechanical donkeys, whilst the guy who operates the donkeys, ensures that the one with the least bets on it wins, with all the losers bets being swept up by the house.  The key to knowing which way Bitcoin is going to go next, is to look at a big exchanges order books, and see where the most Stops are. Because THAT is where Bitcoin is generally going next........Unless we have genuine Buy-In or Cash Out event, which again, are determined largely by Chinese Bitcoin Cowboys capital flight operations.

But TA...

[MatTheCat]

Mainstream media has massively overblown his statement and leaving bitcoin development.

This has caused a dent in the price, which has corrected for more than 50% back to normal already.

Please go ahead and leave bitcoin with him, but don't come crying back later.

And next to getting all excited about whales pumping and dumping BTC all over the charts, in order to wipe out the little guys, is everyone hopping up and down getting excited about the least little bit of BTC related news, in the widespread belief that it really is *news* that drives Bitcoin. If that Mike Hearn *news* came out prior to a whale Pump cycle, then they probs would have ramped on that news, and a positive spin would have been put on the Mike Hearn story to 'explain' the ramp and the little guy would have piled in in his usual FOMO fashion.

BTC is cashcow to Chinese Bitcoin cowboys which they also use to get CNY into USD, i.e. Capital Flight.  Just look at where the last low was $470, right beneath the $475 base for the whole of the last ramp. How many little guy Long Stops do ya think got triggered there? Or what about the break out just above the key $400 resitance? How many Stop Loss Orders do ya think got triggered there? BTC market moves are 90% bullshit.

*Real* organic markets, determined by mass movements of the herd do not behave like this. This is how cornered and totally rigged markets move. Like traders are being asked to bet on mechanical donkeys, whilst the guy who operates the donkeys, ensures that the one with the least bets on it wins, with all the losers bets being swept up by the house.  The key to knowing which way Bitcoin is going to go next, is to look at a big exchanges order books, and see where the most Stops are. Because THAT is where Bitcoin is generally going next........Unless we have genuine Buy-In or Cash Out event, which again, are determined largely by Chinese Bitcoin Cowboys capital flight operations.

But TA...

Whale machinations are still TA based. Good TA is still responsive to points in the chart where either selling or buying pressure is exhausted. If it weren't the case, then you wouldn't get folks who have traded BTC recently, despite all the Fuck You moves and the nonsensical ramps, dumps, and yet more ramps n dumps, absolutely killing the market. Beleive me, I know guys who are tanning BTCs arse right now....unfortunately, Mr Scratch Trader here just aint one of them.

[JavaLove]

The problem is, people rely too much on others in order to make a logical investment decision.

If they see the majority panicking and freaking out, saying the price will drop to zero, then they will most likely take that into account. Especially if those users are legendary or hero on this forum and are seemingly more credible, they will listen.

To all newbies: this section is called speculation as it is for speculating on the price. It's not meant to determine your next investment decision. Bitcoin is a commodity that rises and falls every day, but (and here's my speculation, don't take my word for it) the price will be rising soon.

The best thing to do if you want bitcoin, don't invest all your funds in it (AKA don't put all your eggs in one basket). Invest only what you can afford to lose and if the price does drop (even $100) don't sell. It will climb right back up again.

[BellaBitBit]

NOOoo...

The price swings up and down and the emotions swing up and down and that is a big part of what makes crypto so exciting and attractive.

What would it be like if BTC just stopped at $400 and stayed there.. Boring...

I wonder if BTC would have less liquidity if it wasn't so volatile because many people would stop trading it.

Exactly.  The volatility is too fun to watch.  It also means there is significant interest.

[Kevin77]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

Sure,that small up and  down it just a game,some idiots are leaving btc,in fact good for  btc,people panic
sooner or later btc will  reach  650$ and  lets see

Not many users left bitcoins in the recent months as if you check the market graph, January is the month with the maximum number of transactions taking place which means that more users have been using bitcoins now due to the price hike.
For regular users it is not a great thing but the price does matter for many who just trade in BTC. I don't think it may reach $650 soon until halving.

[iv4n]

Im relaxed and this ups ans downs doesn't bother me. I just don't agree about gambling. Its nice thing to earn something and to have fun in the same time.
Viva la bitcoin!

[richardsNY]

The market is behaving pretty normal to be honest. I am not shocked if the price goes up or down $50 in a day. I have seen this happen already and used that in my advantage to benefit from it. Other people should do so too.

[Gloober]

You're right, buying and holding is the best thing to do right now.
It really doesn't matter if bitcoin goes down a bit, bitcoin will go back up eventually.

[azguard]

relax here is something you need to have.
dont panic when price is changing or something similar, invest in right moment to get more profit
buy if have opportunities for more btc and hold it

[mtnsaa]

Lol, OP speaks the truth, well at least I'm on the same page really. Bought back some months ago at $230 and I'm just holding and growing my share. I don't really care about price fluctuations. Bitcoin has grown every year, but there were always a lot of bumps along the road. So unless you are very good at trading (which in Bitcoin I don't think it's really possible, there are no rules) you should just hold and buy when you see an opportunity.

[voztata]

The market is behaving pretty normal to be honest. I am not shocked if the price goes up or down $50 in a day. I have seen this happen already and used that in my advantage to benefit from it. Other people should do so too.

The market now is really very stable but still there are panic sellers who are willing to sell their coins for a lower price as well. If users don't commit to bitcoins regardless of the price, then bitcoins aren't for them. I bought my coins when they were 500+ and am still holding them and not panicking.

[Razick]

It has very little to do with whales and more to do with no one really knowing exactly what Bitcoin is worth. I agree though, day to day price movements mean nothing. Bitcoin is a high-risk investment. Either hold on for the long run (unless you have what it takes to day trade) or get out. If you are going to freak out every time the price rises or falls $20, Bitcoin is not for you.

[mrhelpful]

Lol, OP speaks the truth, well at least I'm on the same page really. Bought back some months ago at $230 and I'm just holding and growing my share. I don't really care about price fluctuations. Bitcoin has grown every year, but there were always a lot of bumps along the road. So unless you are very good at trading (which in Bitcoin I don't think it's really possible, there are no rules) you should just hold and buy when you see an opportunity.

I`m in the same boat sort of.

I got bitcoin around mid high of $200ish. So just been sitting on it, and you have to really walk away from price swings like you and I did. Dont care about the price, but just continue doing your daily grind and check back a month later which I do.

Its a gamble to some, but I`m willing to hedge time, based on so many VC money pumped to make bitcoin happen.

[Bitcoinbro]

This section would be a ghost town without the panic. I find it kinda funny watching the sentiment swing from despair to euphoria within a handful of dollars. It tells a pro trader that there's a ton of money to be made scaring the people involved in the markets.

I think if you wait a little Bitcoin will grow.
Then we have all profit and can sell it for more money or trade.
So we can relax or just more invest in Bitcoins to get more money.

[Caladonian]

This section would be a ghost town without the panic. I find it kinda funny watching the sentiment swing from despair to euphoria within a handful of dollars. It tells a pro trader that there's a ton of money to be made scaring the people involved in the markets.

I think if you wait a little Bitcoin will grow.
Then we have all profit and can sell it for more money or trade.
So we can relax or just more invest in Bitcoins to get more money.

bitcoin is well established. It is developed constantly. Although the core developer is not keen to release the 2MB block size increase sson, but it will eventually.

[nostal02]

This section would be a ghost town without the panic. I find it kinda funny watching the sentiment swing from despair to euphoria within a handful of dollars. It tells a pro trader that there's a ton of money to be made scaring the people involved in the markets.

I think if you wait a little Bitcoin will grow.
Then we have all profit and can sell it for more money or trade.
So we can relax or just more invest in Bitcoins to get more money.

bitcoin is well established. It is developed constantly. Although the core developer is not keen to release the 2MB block size increase sson, but it will eventually.

It still believe that bitcoin will surely gain again,whats happening right now maybe have something to do with the whales...
As they will gain more from this and eventually be more richer...
The 2mb size will be implemented soon as chinese miners wont allow bitcoin to die...