Bitcoin Forum
July 21, 2019, 10:21:27 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 12 (7.6%)
H2 2019 - 16 (10.2%)
H1 2020 - 30 (19.1%)
H2 2020 - 28 (17.8%)
H1 2021 - 12 (7.6%)
H2 2021 - 31 (19.7%)
H1 2022 - 6 (3.8%)
H2 2022 - 4 (2.5%)
H1 2023 - 0 (0%)
H2 2023 - 3 (1.9%)
2024 or Later - 15 (9.6%)
Total Voters: 157

Pages: « 1 ... 16164 16165 16166 16167 16168 16169 16170 16171 16172 16173 16174 16175 16176 16177 16178 16179 16180 16181 16182 16183 16184 16185 16186 16187 16188 16189 16190 16191 16192 16193 16194 16195 16196 16197 16198 16199 16200 16201 16202 16203 16204 16205 16206 16207 16208 16209 16210 16211 16212 16213 [16214] 16215 16216 16217 16218 16219 16220 16221 16222 16223 16224 16225 16226 16227 16228 16229 16230 16231 16232 16233 16234 16235 16236 16237 16238 16239 16240 16241 16242 16243 16244 16245 16246 16247 16248 16249 16250 16251 16252 16253 16254 16255 16256 16257 16258 16259 16260 16261 16262 16263 16264 ... 24611 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21294080 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (102 posts by 19 users deleted.)
PoolMinor
Legendary
*
Offline Offline

Activity: 1666
Merit: 1060


XXXVII Fnord is toast without bread


View Profile
January 08, 2017, 10:45:31 PM



Now people are realizing the China bans bitcoin story was bullshit there's a chance bitcoin might slowly cycle upwards for some time. History tells us bitcoin crashes when rumors of a Chinese bitcoin ban start, then recovers from the crash when people realize the rumors were false and China hasn't banned bitcoin.


[imm]https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84NWYzNDAxOTZhZjgyOWUyZjNiNTE0NDgwNWVkOTkxMi5qcGc=.jpg[/img]

https://cointelegraph.com/news/media-spread-wrong-china-bans-bitcoin-narrative-causing-bitcoin-price-slump

Quote
Recently, the Chinese government and the People’s Bank of China offered reasonable suggestions to Bitcoin exchanges and users, discouraging fake volumes and offline scam-like promotions while asking users to maintain responsibility for their independent actions.

But some media outlets, mostly western-based, used the events to spread panic among Chinese investors, leading the price of Bitcoin down to $830.


I think blaming the media for this correction is far fetched at best. The correction was due. Quit trying to blame someone for it.
1563747687
Hero Member
*
Offline Offline

Posts: 1563747687

View Profile Personal Message (Offline)

Ignore
1563747687
Reply with quote  #2

1563747687
Report to moderator
1563747687
Hero Member
*
Offline Offline

Posts: 1563747687

View Profile Personal Message (Offline)

Ignore
1563747687
Reply with quote  #2

1563747687
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Killerpotleaf
Sr. Member
****
Offline Offline

Activity: 812
Merit: 250


A Blockchain Mobile Operator With Token Rewards


View Profile
January 08, 2017, 10:48:35 PM

all the altcoin are about to appear cheaper but in fact be more expensive.


dump them.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1960
Merit: 1863


How much alt coin diversification is needed? 0%?


View Profile
January 08, 2017, 11:05:29 PM

I haven't sold any in a long time. I think I may sell a few if we can get back to around $1100. Will buy back more if we get into $800s


This.
Why the next pump will fall short. All the peoples that feel they missed out on the last peak will dump as soon as they can.

A couple of days ago -- when we were in the $1100's -- I moved ~1% of my stash to an exchange, setting up a laddered day trading scheme. Some sells executed. First divestiture I made since the great runup of 2013.



.

.

.

.

No, it was not enough to explain the crash. Either time.

::le sigh::

FWIW, I re-bought on the way down.




Only 1%... hahahahahahaha...

You may even be more of a bull than me.    Wink

As you may recall, my sells are staggered, so I am not really selling at the top... even though maybe that would be a better strategy, but I had gotten up to nearly 9% in fiat at one point in the $1100s.. which was making me nervous to have so much of my allocation in fiat and appearing to "not be working" capital.
Tzupy
Legendary
*
Offline Offline

Activity: 1764
Merit: 1052



View Profile
January 08, 2017, 11:07:21 PM

Perhaps everyone here thinks that we are currently replaying October 2013 and haven't even made it to November yet?

Pretty much this^.

Not everyone. I think we could be replaying August 17th 2012.

Yeah, but you're bearish more often than not. I remain convinced that Bitcoin is a long-term successful moonshot. I remain serene in the face of crashes. Is now analogous to Oct 2013? Frankly, I have no idea. But it could be. More importantly, some time in the not-too distant future will be analogous to Oct 2013.

In the meantime, I await -- seated comfortably at my pick-a-nick table -- awaiting mah fine and glorious repast.

If you would think deeper about what I said, you would understand how bullish I am long term. Wink Hint: what price was in August 2012 and what price in October 2013?
keyboard warrior
Sr. Member
****
Offline Offline

Activity: 266
Merit: 251


View Profile
January 08, 2017, 11:08:24 PM



Now people are realizing the China bans bitcoin story was bullshit there's a chance bitcoin might slowly cycle upwards for some time. History tells us bitcoin crashes when rumors of a Chinese bitcoin ban start, then recovers from the crash when people realize the rumors were false and China hasn't banned bitcoin.




https://cointelegraph.com/news/media-spread-wrong-china-bans-bitcoin-narrative-causing-bitcoin-price-slump

Quote
Recently, the Chinese government and the People’s Bank of China offered reasonable suggestions to Bitcoin exchanges and users, discouraging fake volumes and offline scam-like promotions while asking users to maintain responsibility for their independent actions.

But some media outlets, mostly western-based, used the events to spread panic among Chinese investors, leading the price of Bitcoin down to $830.


I think blaming the media for this correction is far fetched at best. The correction was due. Quit trying to blame someone for it.

Despite the fact the correction was due, the media created some China bans bitcoin hysteria at exactly the same time as the correction. It most likely drove the price down further, and for longer than it would have done.

The first time the China bans bitcoin story was published in 2014 it undoubtedly caused a massive crash. This time it might not have caused the crash, but it put people off buying back in until they were sure it was bullshit.
notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1001


View Profile
January 08, 2017, 11:15:51 PM

Despite the fact the correction was due, the media created some China bans bitcoin hysteria at exactly the same time as the correction. It most likely drove the price down further, and for longer than it would have done.

The first time the China bans bitcoin story was published in 2014 it undoubtedly caused a massive crash. This time it might not have caused the crash, but it put people off buying back in until they were sure it was bullshit.

Crashes cause news as people try to rationalize price action.  News doesn't cause crashes.  If price hadn't been falling, people would have taken the time to understand it was BS before they spread it.  But they didn't because it was a narrative that fit what they were seeing in the markets.
K~Ehleyr
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


Ooh, shiny things!!


View Profile
January 08, 2017, 11:25:23 PM

all the altcoin are about to appear cheaper but in fact be more expensive.


dump them.

If you mean the price of Bitcoin is going to rise, I wish it would hurry up about it!
Killerpotleaf
Sr. Member
****
Offline Offline

Activity: 812
Merit: 250


A Blockchain Mobile Operator With Token Rewards


View Profile
January 08, 2017, 11:37:15 PM

uhoh
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500


Circle gets the Square


View Profile
January 08, 2017, 11:43:24 PM

r0ach
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
January 08, 2017, 11:57:35 PM
Last edit: January 09, 2017, 12:10:16 AM by r0ach

I remain convinced that Bitcoin is a long-term successful moonshot.

Yea, that's the problem.  The only way Bitcoin can be a guaranteed moonshot is if the plan of governments is to allow it to grow then co-opt it after and turn it into their cashless society slave system.  They'll create a fixed address, alias system wrapper with your name tag on it to go around Bitcoin and force you to use it or you'll be considered a criminal launderer.  We've already seen hints of this action with things like chain anchor.

Chain anchor was the direct approach and it failed (so far).  Next they'll figure out they don't actually have to modify the Bitcoin client and can just make their own that wraps around Bitcoin and legally force you to use it.  They will then wait until the majority of the population is herded into the system and then use the wrap around client to divorce themselves away from a finite, native Bitcoin unit and just turn it into the same fiat system that already exists except with the added bonus of cash being abolished and all transactions are tracked with your money automatically being stolen or redistributed to wherever they want.

They're already floating this propaganda now that with the "rise of robotics" causing unemployment, a Marxist slave system run by technocrats is required for humans to exist.  The only type of functional collectivist systems to ever exist are ones where people share the same genes like in a family unit or as seen in prisons where people form a bloc for common interests.  Tossing the mass of humanity into a big Marxist system always ends in collapse and mass death.

Don't get me wrong, you will probably be able to make some money on the ride towards this obvious endgame, but I give odds of around 10% that cryptocurrency turns out good in some way for humanity, and 90% chance it ends in the above dystopian scenario, co-opted by government and run by a bunch of people with the last name Goldstein.

I own gold, silver, and Bitcoin, and every time I see Bitcoin go up, it makes me equally happy for increasing purchasing power, and frightened since I already know what the most likely outcome is.
sirazimuth
Legendary
*
Offline Offline

Activity: 1610
Merit: 1148


born once atheist


View Profile
January 09, 2017, 12:07:39 AM

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

I was predicting a price of $750 for January 1 back in 2015.

https://bitcointalk.org/index.php?topic=1309383.0

 Wink


your  post predicting $750 on jan 1st 2017 was dated dec 30 2015, so fer shitz n giggles i looked up price for that day ....$433.00

holy shit man!! youre good!!




then again your spot on prediction as of today could turn out wrong... we got another 3 weeks for price to go haywire... this is bitcoin after all.
though i tend to believe come the 1st of year ..you nailed it dude.

ok so i got one thing right .........the price went haywire...about as impressive as being correct in predicting the suns comin up in the morning...
JimboToronto
Legendary
*
Offline Offline

Activity: 2254
Merit: 1283


You're never too old to be young.


View Profile
January 09, 2017, 12:09:36 AM

Another day done (UTC) and another short green candle.



That's 2 green candles in a row and a pretty good indicator to me that we may be done with our little period of manipulation/correction/profit-taking/panic (or whatever you choose to call it) and we're ready to continue the upward trend, but at a little less frantic pace.

Hopefully everyone stocked up on cheap coins during the buying opportunity.
Killerpotleaf
Sr. Member
****
Offline Offline

Activity: 812
Merit: 250


A Blockchain Mobile Operator With Token Rewards


View Profile
January 09, 2017, 12:12:29 AM

here comes the big one
sirazimuth
Legendary
*
Offline Offline

Activity: 1610
Merit: 1148


born once atheist


View Profile
January 09, 2017, 12:15:34 AM



that went right over my senile head ..but i still got good lol regardless, thanx my friend!

edit.. ok the light just went on...duhhh!
r0ach
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
January 09, 2017, 12:17:35 AM

I remain convinced that Bitcoin is a long-term successful moonshot.

Yea, that's the problem.  The only way Bitcoin can be a guaranteed moonshot is if the plan of governments is to allow it to grow then co-opt it after and turn it into their cashless society slave system.  They'll create a fixed address, alias system wrapper with your name tag on it to go around Bitcoin and force you to use it or you'll be considered a criminal launderer.  We've already seen hints of this action with things like chain anchor.

Chain anchor was the direct approach and it failed (so far).  Next they'll figure out they don't actually have to modify the Bitcoin client and can just make their own that wraps around Bitcoin and legally force you to use it.  They will then wait until the majority of the population is herded into the system and then use the wrap around client to divorce themselves away from a finite, native Bitcoin unit and just turn it into the same fiat system that already exists except with the added bonus of cash being abolished and all transactions are tracked with your money automatically being stolen or redistributed to wherever they want.

They're already floating this propaganda now that with the "rise of robotics" causing unemployment, a Marxist slave system run by technocrats is required for humans to exist.  The only type of functional collectivist systems to ever exist are ones where people share the same genes like in a family unit or as seen in prisons where people form a bloc for common interests.  Tossing the mass of humanity into a big Marxist system always ends in collapse and mass death.

Don't get me wrong, you will probably be able to make some money on the ride towards this obvious endgame, but I give odds of around 10% that cryptocurrency turns out good in some way for humanity, and 90% chance it ends in the above dystopian scenario, co-opted by government and run by a bunch of people with the last name Goldstein.

I own gold, silver, and Bitcoin, and every time I see Bitcoin go up, it makes me equally happy and frightened since I already know what the most likely outcome is.

buy or die

Already up to my eyeballs in coins.  I just think the danger of a digital only currency is higher than possible benefits, so if playing god, I would likely just destroy it and institute physical silver and gold as the currency.  It seems people want to go through the motions and see what happens with this digital currency thing even though it's pretty obvious what's going to happen.  The only way it's not going to happen is if the government magically ceases to exist before they co-opt it, which is possible but not very likely.  The legal system and men with guns always trumps whatever you're doing with this stuff.  

So you then need to examine the applicability of utilizing Bitcoin only in a black market context compared to using metals in the same situation.  It did work on the silk road in the past, but that did not afford it a high market cap and the government would likely clamp down on it at the ISP level or something to prevent it from being anything more.  Meanwhile, it's very difficult for them to stop use of metals no matter what the law is.  So, as I was saying, the easiest way for you to maximize profit in Bitcoin is to hope that it is a government trojan horse, otherwise it will be a rough trip and no "guaranteed moonshot".
jbreher
Legendary
*
Online Online

Activity: 2450
Merit: 1300


lose: unfind ... loose: untight


View Profile
January 09, 2017, 12:29:49 AM

As you may recall, my sells are staggered,

Yes. Likely similar to what I refer to above as 'laddered day trading'. (I'm likely not conversant with trading vernacular - that's just my term).

Quote
so I am not really selling at the top... even though maybe that would be a better strategy

Well, of course selling only at the top would be a better strategy ... if only there were some way to make this strategy realizable. But there ain't. C'est la guerre.
jbreher
Legendary
*
Online Online

Activity: 2450
Merit: 1300


lose: unfind ... loose: untight


View Profile
January 09, 2017, 12:31:59 AM
Last edit: January 09, 2017, 12:43:34 AM by jbreher

Perhaps everyone here thinks that we are currently replaying October 2013 and haven't even made it to November yet?

Pretty much this^.

Not everyone. I think we could be replaying August 17th 2012.

Yeah, but you're bearish more often than not. I remain convinced that Bitcoin is a long-term successful moonshot. I remain serene in the face of crashes. Is now analogous to Oct 2013? Frankly, I have no idea. But it could be. More importantly, some time in the not-too distant future will be analogous to Oct 2013.

In the meantime, I await -- seated comfortably at my pick-a-nick table -- awaiting mah fine and glorious repast.

If you would think deeper about what I said, you would understand how bullish I am long term. Wink Hint: what price was in August 2012 and what price in October 2013?

You mean presaging the runup to $266? OK, then. Mea culpa.
Killerpotleaf
Sr. Member
****
Offline Offline

Activity: 812
Merit: 250


A Blockchain Mobile Operator With Token Rewards


View Profile
January 09, 2017, 12:33:42 AM

jbreher
Legendary
*
Online Online

Activity: 2450
Merit: 1300


lose: unfind ... loose: untight


View Profile
January 09, 2017, 12:37:41 AM

I remain convinced that Bitcoin is a long-term successful moonshot.

...

In understand your assertions. I certainly acknowledge the desire of TPTB to control it all. I just don't think they will be successful. A decade ago, discussing the true nature of partial reserve banking had one labeled as a loon. Now there is a portion of the population that understands. The tighter the grip, the more the resistance.
jbreher
Legendary
*
Online Online

Activity: 2450
Merit: 1300


lose: unfind ... loose: untight


View Profile
January 09, 2017, 12:43:03 AM

Meanwhile, it's very difficult for them to stop use of metals no matter what the law is.

What attribute do you believe monetary metals possess that is not possessed by cryptocurrencies? From my understanding, crypto is the better bet. After all, we can hide an unlimited amount of it in secure fashion.
Pages: « 1 ... 16164 16165 16166 16167 16168 16169 16170 16171 16172 16173 16174 16175 16176 16177 16178 16179 16180 16181 16182 16183 16184 16185 16186 16187 16188 16189 16190 16191 16192 16193 16194 16195 16196 16197 16198 16199 16200 16201 16202 16203 16204 16205 16206 16207 16208 16209 16210 16211 16212 16213 [16214] 16215 16216 16217 16218 16219 16220 16221 16222 16223 16224 16225 16226 16227 16228 16229 16230 16231 16232 16233 16234 16235 16236 16237 16238 16239 16240 16241 16242 16243 16244 16245 16246 16247 16248 16249 16250 16251 16252 16253 16254 16255 16256 16257 16258 16259 16260 16261 16262 16263 16264 ... 24611 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!