Bad time to go long

[alani123]

It hit 414 today.  

[1715049391]

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[alani123]

aand it's down

[talks_cheep]

^^^^^^^^^^^^^^^^^^
Absolutely right, we're going down. Hard. The reason for the drop is this:

https://medium.com/@barmstrong/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.w2higxnth

[alani123]

^^^^^^^^^^^^^^^^^^
Absolutely right, we're going down. Hard. The reason for the drop is this:

https://medium.com/@barmstrong/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.w2higxnth

What's funny is that Brian Armstrong is probably expecting some deus ex machina of a developer to save bitcoin.

Long term, we need to form a new team to work on the bitcoin protocol. A team that is welcoming of new developers to the community, willing to make reasonable trade offs, and a team that will help the protocol continue to scale. You’ll be hearing more about this over the next month or two.

Or he's just planning on competing with blockstream when it comes to influencing bitcoin core's roadmap. If the price is falling because if this, I think that people are taking him too seriously. The problems he talk about have existed within the bitcoin space for a long time, the recent block size drama is made to look serious by unnecessary reactions like this.

[nicked]

^^^^^^^^^^^^^^^^^^
Absolutely right, we're going down. Hard. The reason for the drop is this:

https://medium.com/@barmstrong/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.w2higxnth

What's funny is that Brian Armstrong is probably expecting some deus ex machina of a developer to save bitcoin.

Long term, we need to form a new team to work on the bitcoin protocol. A team that is welcoming of new developers to the community, willing to make reasonable trade offs, and a team that will help the protocol continue to scale. You’ll be hearing more about this over the next month or two.

Or he's just planning on competing with blockstream when it comes to influencing bitcoin core's roadmap. If the price is falling because if this, I think that people are taking him too seriously. The problems he talk about have existed within the bitcoin space for a long time, the recent block size drama is made to look serious by unnecessary reactions like this.

The price isn't falling because of what Brian Armstrong said. It's falling because transactions won't go through.

[alani123]

Well maybe now that the price has fallen so much It's less risky to go long, although the market seems pretty bearish atm.

[apriyoni]

The price is hovering around $400 again. Is there any reason for the sudden drop yesterday? I thought it would be over $400 for long term.

[uki]

$415 was broken, and that was valid short term support. Right now I expect the buyers to appear already at $380s. A very solid support (mid-term) from TA perspective is the $350 horizontal line from the early January. That should stop any selling, if at all comes to such a test. 

[Amph]

Well maybe now that the price has fallen so much It's less risky to go long, although the market seems pretty bearish atm.

i'm long for 450, i'm seeing a return there in a few days, like we did fall from 440 1 week ago

it's an endless cycle for accumulation while the market is waiting for the next move

it's not like we have not seen this like one thousand times in the past

[newcoins1978]

ITs not that bad time now. I hope later of course that it will be a better time, and I think that will also happen.
You never know what can happen with a currency, but we all hope that it will rise for a long time so we can sell it with profit.

[panju1]

Well maybe now that the price has fallen so much It's less risky to go long, although the market seems pretty bearish atm.

i'm long for 450, i'm seeing a return there in a few days, like we did fall from 440 1 week ago

it's an endless cycle for accumulation while the market is waiting for the next move

it's not like we have not seen this like one thousand times in the past

450 in what time frame?
Although it may eventually get there, people will lose confidence if there are long periods in which bitcoin's price appears directionless.

[apriyoni]

Well maybe now that the price has fallen so much It's less risky to go long, although the market seems pretty bearish atm.

i'm long for 450, i'm seeing a return there in a few days, like we did fall from 440 1 week ago

it's an endless cycle for accumulation while the market is waiting for the next move

it's not like we have not seen this like one thousand times in the past

450 in what time frame?
Although it may eventually get there, people will lose confidence if there are long periods in which bitcoin's price appears directionless.

The long term price trend will be going higher. That happened in the last 6 years. More and more people are using bitcoin.

[Amph]

Well maybe now that the price has fallen so much It's less risky to go long, although the market seems pretty bearish atm.

i'm long for 450, i'm seeing a return there in a few days, like we did fall from 440 1 week ago

it's an endless cycle for accumulation while the market is waiting for the next move

it's not like we have not seen this like one thousand times in the past

450 in what time frame?
Although it may eventually get there, people will lose confidence if there are long periods in which bitcoin's price appears directionless.

i think this month is a good time frame for returning at 450, it's already heading to 420 first

[uki]

i think this month is a good time frame for returning at 450, it's already heading to 420 first

touching $450, maybe. Keeping it for good, I don't think so. we are still too far from halving, to have its effect this month. a bit more patience guys, the rise will come. However, not yet, and definitely not to $1k.

[romero121]

I feel this to be a good time, because even at the time of decreasing value the price has started increasing without much variation. If such decrease is considered a bad time. Every week bitcoin has to face few bad times.

[alani123]

I feel this to be a good time, because even at the time of decreasing value the price has started increasing without much variation. If such decrease is considered a bad time. Every week bitcoin has to face few bad times.

Right now with $410/BTC, maybe, but when this thread was posted and as evidenced by the recent fall, it wasn't. Still 410 is not that safe as we did see the price go below $400 and even struggle a little to come back.

[LarryHocks]

^^^^^^^^^^^^^^^^^^
Absolutely right, we're going down. Hard. The reason for the drop is this:

https://medium.com/@barmstrong/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.w2higxnth

What's funny is that Brian Armstrong is probably expecting some deus ex machina of a developer to save bitcoin.

Long term, we need to form a new team to work on the bitcoin protocol. A team that is welcoming of new developers to the community, willing to make reasonable trade offs, and a team that will help the protocol continue to scale. You’ll be hearing more about this over the next month or two.

Or he's just planning on competing with blockstream when it comes to influencing bitcoin core's roadmap. If the price is falling because if this, I think that people are taking him too seriously. The problems he talk about have existed within the bitcoin space for a long time, the recent block size drama is made to look serious by unnecessary reactions like this.

The price isn't falling because of what Brian Armstrong said. It's falling because transactions won't go through.

It is not that bad time not. The price is a bit stable so that is very good. I hope that it will change soon.
And that the price will rise in the future. But you dont know when it is going to start or stop and that is the problem.

[ultimatesky]

Well I think the time is good to go for a long term investment, the halving is coming this year but if you think further.
Another halving is coming in 2020 for sure so that will make the price on a long term and let the price jump to a high amount in my opinion.

[n0ne]

No more bad time to go. Bitcoin has been expected for a price jump during the halving. As quoted by above mate bitcoin will grow gradually.

[kingaltcoins]

Although ETH is rising rapidly due to increasing popularity I still do not believe in ETH because overall it is not a sustainable currency unlike bitcoin.
Bitcoin may have some ups and downs but it does not go to its extreme condition even if someone dumps btc in huge amounts.
In case of ETH I fear one day it might go much lower than what it is today due to some greedy dumpers.