TERA2
Full Member
 Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
|
 |
January 19, 2018, 07:21:45 PM |
|
I see no reversal pattern on the daily chart and flat series of lines at the bottom of the candle body of last drop. Then last night we had that huge attempted breakout where it went up $600 in a second with a good follow through, only for me to wake up today and see it went back down. The volume that was driving the bounce has been gone for a while now. So this isn't going anywhere until it goes back down and catches support again. I'm not saying it has to drop a whole lot further. It might just be a little like to $8K or it might even be within the shadow of the last drop.
|
|
|
|
|
|
|
|
The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
serveria.com
Legendary
Offline
Activity: 1890
Merit: 1120
Balls of steel. This time is different.
|
|
January 19, 2018, 07:22:53 PM |
|
2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/
I don't think so What do you base that on? Do you guys think a government shutdown would be beneficial for the crypto markets right now? If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn? |
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2128
Merit: 1531
$120000 by end of 2023 confirmed . Slava Ukraini
|
|
January 19, 2018, 07:24:50 PM |
|
2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/
I don't think so What do you base that on? Do you guys think a government shutdown would be beneficial for the crypto markets right now? based on nothing but my belief in bitcoin . Oh and the inevertability chart says so. $20000 by 29th Feb $40000 by March 28th et cetera |
|
|
|
|
|
BTCMILLIONAIRE
|
|
January 19, 2018, 07:26:05 PM |
|
2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/
I don't think so What do you base that on? Do you guys think a government shutdown would be beneficial for the crypto markets right now? If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn? Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective. |
|
|
|
|
Elix9
Newbie
Offline
Activity: 56
Merit: 0
|
|
January 19, 2018, 07:28:26 PM |
|
2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/
I don't think so What do you base that on? Do you guys think a government shutdown would be beneficial for the crypto markets right now? If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn? Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective. I wasn't talking about government regulations, I was referring to the possibility of a temporary US Federal Gov. shutdown that has been in the news lately. |
|
|
|
|
jojo69
Legendary
Offline
Activity: 2828
Merit: 3941
1/21000000 , the only math you need to know
|
|
January 19, 2018, 07:30:19 PM |
|
What do you base that on?
Do you guys think a government shutdown would be beneficial for the crypto markets right now?
what...on earth...would that non-event have to do with anything?? |
|
|
|
|
|
BTCMILLIONAIRE
|
|
January 19, 2018, 07:31:06 PM |
|
I wasn't talking about government regulations, I was referring to the possibility of a temporary US Federal Gov. shutdown that has been in the news lately.
Ah, I see. In that case I'm not sure why crypto would benefit from that. Doesn't really have any relevance that I could think of spontaneously. |
|
|
|
|
Elix9
Newbie
Offline
Activity: 56
Merit: 0
|
|
January 19, 2018, 07:31:29 PM |
|
What do you base that on?
Do you guys think a government shutdown would be beneficial for the crypto markets right now?
what...on earth...would that non-event have to do with anything?? People lose more faith in the established system and gain a little more faith in crypto, a possibility. |
|
|
|
|
TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
|
|
January 19, 2018, 07:31:37 PM |
|
Clearly his analysis was based on TA and not events. Sometimes the event is just a whale trying to dump.
|
|
|
|
|
serveria.com
Legendary
Offline
Activity: 1890
Merit: 1120
Balls of steel. This time is different.
|
|
January 19, 2018, 07:35:41 PM |
|
2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/
I don't think so What do you base that on? Do you guys think a government shutdown would be beneficial for the crypto markets right now? If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn? Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective. Exactly, it's like trying to ban internet...  You can attempt doing it but you risk being isolated and lag behind... |
|
|
|
|
|
BTCMILLIONAIRE
|
|
January 19, 2018, 07:36:08 PM |
|
what...on earth...would that non-event have to do with anything??
People lose more faith in the established system and gain a little more faith in crypto, a possibility. Government shutdowns are not a rare event at all, so I don't see why it would sway public opinion in such a way. If it was the first time the government has been shut down that could potentially be a possibility though. |
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 3654
Merit: 3489
You're never too old to be young.
|
|
January 19, 2018, 07:40:42 PM |
|
Have you found any bitcoin ATMs in Mexico you can use to buy the dip yet? I found twelve in Mexico from a google.
When I first checked the BTC ATM situation in Mexico last year, there were only 3, 2 in Tijuana and one in Mexico City, according to CoinATMradar. Now they're popping up everywhere, however they're still pretty scarce in the Yucatan peninsula. There are none in Quintana Roo where I am but there's one in Merida, a few hours drive away, in case of an emergency. There's little to no chance of me buying a dip like the one a few days ago. I just had to sit back and be grateful I bought my CAD when the price peaked almost 2 weeks ago and congratulate those smart and lucky enough to buy the dip, while pitying the fools who panic sold. I figured I'd only use BTC here in an extreme emergency. Hopefully I'll have enough fiat left when I get home to buy the first dip that comes along. |
|
|
|
|
conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
|
|
January 19, 2018, 07:55:46 PM |
|
Off to bundle-up, hop on a horse, and start makin' muh way around the snowy countryside, lookin' out for them coyotes.
So are we going to break through $12k today or what ?
Imo you could better take several days of holiday hunting coyotes and whatnot. This weekend will be critical to know if the bottom holds. |
|
|
|
|
|
BTCMILLIONAIRE
|
|
January 19, 2018, 07:56:27 PM |
|
How the fuck do exchanges even go insolvent? |
|
|
|
|
Imbatman
Member
Offline
Activity: 80
Merit: 11
|
|
January 19, 2018, 08:01:28 PM |
|
How the fuck do exchanges even go insolvent? Is this "priced in", or are we going to catapult down even further when they do finally go under? Wondering how much of the recent plunge was the futures contracts coming due versus BitConnect. |
|
|
|
|
jbreher
Legendary
Offline
Activity: 2982
Merit: 1596
lose: unfind ... loose: untight
|
|
January 19, 2018, 08:18:08 PM |
|
Thanks. That interview (linked in the transcript) distills down into a concise half-hour the extent of the gulf between popular cultural norms and rationality. |
|
|
|
|
bones261
Legendary
Offline
Activity: 1806
Merit: 1825
|
|
January 19, 2018, 08:26:55 PM |
|
How the fuck do exchanges even go insolvent? Either they got "hacked" or they misappropriated the funds. Bitfinex got "hacked" back in the Summer of 2016. I highly suspect that they have misappropriated funds, though, and the "hack" was a inside job. Even if it was not an inside job, it takes a special kind of stupid to allow some hacker to access the hundreds of private keys that was required for the "hack." It may be really bad for the BTC economy when they finally go under. However, in the end, the cryptocurrency marketplace will be better without them. I absolutely dispise Bitfinex. |
|
|
|
|
conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
|
|
January 19, 2018, 08:27:56 PM |
|
Mentally psyching myself up to sell my next block, next week around $11.5k, if we don't find support at $12.5k.
I need to stay on schedule for end of Q1.
I prefer to change my plans and remain almost all in, betting on a recovery in a month or 2. If I did not sell at 20K why should I sell at 11K? |
|
|
|
|
bitebits
Legendary
Offline
Activity: 2126
Merit: 2727
Flippin' burgers since 1163.
|
|
January 19, 2018, 09:03:41 PM |
|
[...]
- I have goals I am looking to achieve, and will still be HODLing Bitcorn in the end. So the timing sucks right now. Oh well. I can't get greedy.
What kind of goals are you looking to achieve that require a sudden >$500k <$1000k, if I may ask. Wouldn't it otherwise be wise to hang on to a larger part of your bitcoin stash? That is if you are still long term bullish on Bitcoin of course (which you seem to be). |
|
|
|
|
|
BTCMILLIONAIRE
|
|
January 19, 2018, 09:14:37 PM |
|
What kind of goals are you looking to achieve that require a sudden >$500k <$1000k, if I may ask.
Looking to cash out $3M USD worth of Bitcorn before March 1 to have it working for me in a retirement portfolio by end of Q1. Ideally, I'd like to sell higher than lower, but recognize this is a rough season. Is there any particular reason for that date? Seems quite arbitrary given that I'm not aware of any funds that restrict entries based on time. |
|
|
|
|
|
Poll
