Tanic
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January 12, 2017, 01:02:57 AM |
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It's not the bubble yet. But to many of bitcoin users today's fast drop can looks so. Bitcoin is just in the beginning of it's history and it's waited more rises and fails. I believe that bitcoin will rise back again soon.
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kwukduck
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January 12, 2017, 01:26:26 AM |
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It's not the bubble yet. But to many of bitcoin users today's fast drop can looks so. Bitcoin is just in the beginning of it's history and it's waited more rises and fails. I believe that bitcoin will rise back again soon.
I doubt it will ever rise this much again. We are at a 3 month low and people are more and more aware of Bitcoons inherent flaws and quickly looking for alternatives that DO provide what they promise. Bitcoin is old tech. Smart investors and whales are moving assets into blockchain 2.0 technology. There is no coming back from that.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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maker88
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January 12, 2017, 02:25:07 AM |
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Lol and then theres this moron^
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kwukduck
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January 12, 2017, 02:20:33 PM |
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Lol and then theres this moron^
Sure call me a moron when you run out of arguments. Still waiting for valid arguments why bitcoin is so great compared to crypto 2.0
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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maker88
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January 17, 2017, 03:03:35 AM |
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Lol and then theres this moron^
Sure call me a moron when you run out of arguments. Still waiting for valid arguments why bitcoin is so great compared to crypto 2.0 its known. its being adopted. it has any market cap at all. whatever crypto 2.0 youre talking about is its a totally unknown thing to pretty much everyone in the entire world, except people who are way too into tech. bitcoin on the other hand, is pretty much a house hold word at this point. theres a whole bunch of reasons. another reason is you dont like it, and have never been correct, ever, so thats a pretty good contrarian indicator.
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Huge Black Woman
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January 17, 2017, 03:39:56 AM |
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Lordy! As ahm lookin' at the price rite now, we at $840, which ain't bad. We gettin' back ta where we was, slowly butt shirley. When you all expect ta git ta $1200 agin? I say inna month o' so. I'mma hodlin onta evverthan I gots. I'mma gonna log my ass up tomorra, den I'm gonna be earnin' mo' money!!!!
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tabnloz
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January 17, 2017, 05:27:47 AM |
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After the massive Bitfinex scam, managers of serious capital, even capital set aside for high risk ventures, realise that they cannot take the risk of trading Bitcoin,
Most managers of serious capital would have known this way before finex was hacked. How many exchanges would actually pass muster when taken the the board of a big investment company? I suppose this is the reason why so many people crave the ETF. If indeed there is serious money looking to get in, I guess its OTC, not through an exchange. Both AMD and NVidia for example have outperformed Bitcoin in the past year. The gains to be had in Bitcoin just aren't that special anymore to serious high risk traders.
I thought it would be hard to bust through the $266 barrier. Many before that thought it would never pierce $100, $50, $32. Clearly no one knows. I know I am not smart enough, but I also know that my downside is defined and my upside has massive potential. Leave out any personal biases & anger and imagine Bitcoin in a magic scenario where it is a major success. A place where you think 'holy shit, I was completely fucking wrong on this one' Eg, somehow takes 1% of gold, 1% of remittances or something similar. 95% chance it never does but the risk/reward is certainly worth it when you know your losses are limited (and you are young enough to earn the loss back relatively quickly).
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600watt
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January 17, 2017, 09:00:53 AM |
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the day will come and we will all recognize that sgbett has been right all along. if 560k ever come true i will buy a brewery and invite him for some beer. make that a vineyard if he happens to prefer wine. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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hgmichna
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January 17, 2017, 10:36:53 AM |
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Please remind me, where do these "$560k" come from?
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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January 17, 2017, 11:25:11 AM |
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Good post, the media coverage has indeed been relatively muted. Bodes well for a significant upside still to be seen.
Just look at USD exchange volume. There is no interest in Bitcoin compared with before. I think its shaping up a bit like oct 2013, volume is comparable factoring in organic growth. If I was an EW guy id say this looks like the first wave up. (its had its own mini 5 count). Reckon we are due for a correction - possible retest the 780-800 that we bounced off in june and then broke through in october. Then starts wave 3 where we hit maybe 2x all time high. Followed by another pullback Then we'll see the vertical of this rally 5-10k? Each bubble has played out over a longer timescale than the last, so wouldnt be surprised if it takes 6-12 months. The shakeout to ~800 will be an epic beartrap imho. The spartans will of course HODL ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Impressive prediction, holding up nicely so far!
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It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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lottery248
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beware of your keys.
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January 17, 2017, 11:28:33 AM |
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Google does not work in China, but almost all the trading volume is in China.
because the main trading websites in china would charge the people upon the deposits instead of exchanging period, you can see the billions of volume are excluded for probable liquid volume. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded i am not really active for some reason
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NUFCrichard
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January 17, 2017, 12:00:54 PM |
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$880 is a nice recovery price today. It will be interesting to see what happens from here. Taking the bubble out of the equation, the price is about back on the upwards trend curve, so could well move up like it was before Christmas. If a whale dump happens today, then it seems like someone is defermined to keep the price down, then I don't see 4 figures happening again in the near future ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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maku
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January 17, 2017, 12:13:41 PM |
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If a whale dump happens today, then it seems like someone is defermined to keep the price down, then I don't see 4 figures happening again in the near future ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Whale dumps that happned 2 weeks ago was the result of FUD, chinese traded were convinced that exchange regulations will be tougher, to the point of possible bitcoin ban. Nothing like this happened, exchanges were warned, promised to use AML/KYC policies and that was it. I don't see a reason for any long position liquidation now.
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lumeire
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Next-Gen Trade Racing Metaverse
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January 17, 2017, 03:12:52 PM |
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Seeing how fast it recovered from sub-$800, it could either be a trap or this is now the new established baseline. I would like to believe it's the latter though.
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Tmdz
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January 17, 2017, 03:39:52 PM |
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Seeing how fast it recovered from sub-$800, it could either be a trap or this is now the new established baseline. I would like to believe it's the latter though.
My instinct told me to keep the gains and move money to usd and see what happens. Sharp upward moves like this are easy to reverse, Chinese new year is coming which is possible they will safeguard their increases then go party. Price probably won't rise much more, but that's not off the table. If it declines then I get to keep my gains and increase btc holding for the next bull run. IMO 8% gain is pretty nice and it seems there is bigger risk to loose that gain than gain more.
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talikila
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January 17, 2017, 03:56:12 PM |
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No. This rally is not a bubble now. it must increase more than the year of 2013 (maybe it will hit 1,500$ - 2,000$ in this year.) I'm trying hard to buy more bitcoins everytime the price is down deeply. it's a good chance to make more money in the future.
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sgbett (OP)
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November 26, 2017, 09:12:42 PM |
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OK, maybe now we can start to talk about bubbles. I'd originally been thinking we'd shoot up and correct from somewhere in the $9-$12k range. Now I'm wondering if this is actually just the pre-top before the really big one (the ~$260 in April '13, that came before the big $1260 top in 2014) per this postI'd got the correction there in the 3-10k range but looking at the way this parabola is shaping up it could be anywhere in the $10-$25k range (yes they are broad ranges, i'm not trying to trade this thing! Remember I sold all mine for that cheap knock off bitcoin ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) something about some white paper and incentives, but i digress... ) So lets say it corrects at 15 down to somewhere like $3k (there looks to have been a lot of action around that price point when you look at volume). Then we are looking at the real run-up, on that old chart id said 10-500k, I'd give a minimum of 60k now though. All of which is dependant on BTC remaining the dominant crypto in the space. GL folks. Disclaimer: Technically I still have some bitcoin exposure in my pension through an ETF, significantly less than I used to. Gradually trading it for the equivalent ETH tracker as there isn't one for BCH yet.
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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whyrqa
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November 27, 2017, 07:22:01 AM |
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No. This rally is not a bubble now. it must increase more than the year of 2013 (maybe it will hit 1,500$ - 2,000$ in this year.) I'm trying hard to buy more bitcoins everytime the price is down deeply. it's a good chance to make more money in the future.
here I completely agree with you, because it already for several months places when Bitcoin dropped that one and a half thousand here I completely agree with you, because it already for several months places when Bitcoin dropped that one and a half thousand here I completely agree with you, because it already for several months, when Bitcoin went down that friend with half a step, I completely agree with you, because for several months already, when Bitcoin went down to $ 2,500, who before today th day Who bought at this price, became almost 3 times richer.
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#business #forextrader #bitcoinnews #invest
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600watt
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November 27, 2017, 03:25:07 PM |
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It's not the bubble yet. But to many of bitcoin users today's fast drop can looks so. Bitcoin is just in the beginning of it's history and it's waited more rises and fails. I believe that bitcoin will rise back again soon.
I doubt it will ever rise this much again. We are at a 3 month low and people are more and more aware of Bitcoons inherent flaws and quickly looking for alternatives that DO provide what they promise. Bitcoin is old tech. Smart investors and whales are moving assets into blockchain 2.0 technology. There is no coming back from that. spot on. as always. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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