N12
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June 24, 2017, 03:14:26 PM |
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I kinda took Blitz's advice here, and glad I did. 24 hr volume has fallen to 50% of what it was a few days ago. Failure to break 2750 with any real momentum. Then it flattened sideways at 2700 (always a sign for a sudden move). Technicals signaling a retest of previous levels.
The low volume made the market feel exhausted to me. And if ETH doesn't hold $300, it's going to start a domino effect and it will get very ugly in the altcoin market. I agree, it's wise to watch Ethereum because I believe it to be the biggest bubble of all. And I think everything in the crypto world will move down together, but Bitcoin will fall less than others and regain its dominance during the bear market. |
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JayJuanGee
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How much alt coin diversification is needed? 0%?
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June 24, 2017, 03:23:05 PM |
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Blitz calling another bear market, dang.
This time he was right though  . Of course!!!! If odds are 60/40, then you look like a genius when the 40 plays out to be 100, that is in retrospect vision is 20/20. |
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N12
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June 24, 2017, 03:25:31 PM |
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Blitz calling another bear market, dang.
This time he was right though . Of course!!!! If odds are 60/40, then you look like a genius when the 40 plays out to be 100, that is in retrospect vision is 20/20. Yeah, it's not like human behaviour naturally forms speculative patterns that can be read via technical analysis to identify high probability turns. |
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Denker
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June 24, 2017, 03:26:22 PM |
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Blitz calling another bear market, dang.
This time he was right though . We are not in a bear market! Maybe you should check the definition of what a bear market ist. Jesus Christ! Some people...  Check the long term chart and you will see we're doing good! Extremely good so far. And the support is concrete even if we build lower highs at the moment. |
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becoin
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June 24, 2017, 03:29:06 PM |
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Bear bitcoin market is wishful thinking. There won't be any bear market. Too many people are waiting to buy their first bitcoin. Mainstream adoption has just started couple of months ago. Avalanche can't be stopped at this stage.
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N12
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June 24, 2017, 03:32:49 PM |
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Bear bitcoin market is wishful thinking. There won't be any bear market. Too many people are waiting to buy their first bitcoin. Mainstream adoption has just started couple of months ago. Avalanche can't be stopped at this stage.
Your account was registered in 2011, same as mine. Did you buy the account from its former owner? Because people said the exact same thing in 2013, back when people actually thought that retail adoption would start. Why would it be less of a possibility now? |
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r0ach
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June 24, 2017, 03:42:51 PM |
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Consumer adoption imminent at 3 TPS !
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becoin
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June 24, 2017, 03:49:22 PM |
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Bear bitcoin market is wishful thinking. There won't be any bear market. Too many people are waiting to buy their first bitcoin. Mainstream adoption has just started couple of months ago. Avalanche can't be stopped at this stage.
Your account was registered in 2011, same as mine. Did you buy the account from its former owner? Because people said the exact same thing in 2013, back when people actually thought that retail adoption would start. Why would it be less of a possibility now? Because it is very difficult to hack bitcoin businesses and sell the stolen coins to suppress price now. |
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becoin
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June 24, 2017, 03:52:36 PM |
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Consumer adoption imminent at 3 TPS !
How many TPS do we have in gold coins? |
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N12
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June 24, 2017, 03:54:39 PM |
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Bear bitcoin market is wishful thinking. There won't be any bear market. Too many people are waiting to buy their first bitcoin. Mainstream adoption has just started couple of months ago. Avalanche can't be stopped at this stage.
Your account was registered in 2011, same as mine. Did you buy the account from its former owner? Because people said the exact same thing in 2013, back when people actually thought that retail adoption would start. Why would it be less of a possibility now? Because it is very difficult to hack bitcoin businesses and sell the stolen coins to suppress price now. There was no hack that caused the 2013 bubble to pop in December. |
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sosasnois
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June 24, 2017, 03:59:14 PM |
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If we go above 2690 , bull market will continue I'd say
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European Central Bank
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June 24, 2017, 04:02:16 PM |
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one day the masses will be as interested in an old school bitcoiner's opinion as they are about an atari fan talking about gta v.
things move on and it might be unwise to attribute previous behavior to current behavior. human nature stays fundamentally the same but the number of humans and their options and beliefs changes things with every cycle.
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ft73
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June 24, 2017, 04:07:07 PM |
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About time to resume down move, imho ...
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Dabs
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The Concierge of Crypto
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June 24, 2017, 04:07:29 PM |
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I've been spending bitcoin every month. I've actually not had to buy in a few months, I'm always selling. (But then, I'm making moar btc from all these crazy icos.)
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yefi
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June 24, 2017, 04:10:01 PM |
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Corrected it for you. An oddly synonymous correction. |
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becoin
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June 24, 2017, 04:21:03 PM |
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Corrected it for you. An oddly synonymous correction. Ah I see. Then I agree with you. Technicals is basically Pavlov's dogs play. It's nonsensical for the dogs. |
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JimboToronto
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You're never too old to be young.
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June 24, 2017, 04:28:31 PM |
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Good morning Bitcoinland. Tiny dip earlier this morning and halfway back up, I see... currently $2640USD (Bitcoinaverage). Still going basically sideways. I see no indication of any downtrend yet.  |
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pfrtlpfmpf
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June 24, 2017, 04:42:00 PM |
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ok, maintenance. i have my main stake at polo, earning my living (by lending), i know, bad choice, but still, it earns my living, for now, and i can´t lose anything. Guys do it. Guys do it, do it, You can pull off your bitcoin anytime, just don´t miss it. And no, i don´t work for Polo  are you completely nuts? i've been waiting months and months for poloniex to respond to a ticket. there's absolutely no way i'd trust them with any money above the pocket money level. You must be doing something wrong. I have deposited and withdrawn thousands and thousands. Of course, not more than i could afford to lose . . . |
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European Central Bank
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June 24, 2017, 04:51:20 PM |
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You must be doing something wrong. I have deposited and withdrawn thousands and thousands.
Of course, not more than i could afford to lose . . .
then you're a lucky man. many other people have not been lucky. i think lost what little faith i had in them when they referred to all the shit they trade as blockchain tokens. |
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