yefi
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Merit: 1482
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August 05, 2018, 02:27:24 PM |
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When I first heard of bitcoin price was in the $20s not long after it was at $266. That's odd, because the absolute bottom after $266 was $45 on Stamp. Gox only made it to $50 iirc. The selling panic during those few days was intense - more so than anything I've seen since. $100+ blew a lot of minds back then  |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Hueristic
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Activity: 2968
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Doomed to see the future and unable to prevent it
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August 05, 2018, 03:17:52 PM |
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Just to lighten the mood a bit.  https://www.youtube.com/watch?v=cDrhhErxDQY&feature=youtu.beRewind one year and $6000 seemed like moon.
Just don't rewind 6 months ago. Make sure to cherry pick the right timeline. Don't get scared until sub $3000.
$3000 is nonsense. Pass it on. It is even more optimistic to rewind 18 months (to $1000), and the uptrend is still showing as very strong. In fact take any price point more than 10 months ago. My point is that the price can come back to sub $3000 without breaking the long term uptrend. Looking back to the peak price is too discouraging. That´s a bit easy isn't it? Since bitcoin basically startet at 0 USD you can pick any number and see it as an uptrend. Pick 5 USD for instance. If we move down to 5 USD tomorrow going from bitcoins inception we probably doubled each year. I would love to see the true numbers on time, fiat and energy that has already been spent quantified to the true value of one Bitcoin. That would make for some killer mathematicians doctorate thesis I would think. |
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Icygreen
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Activity: 1473
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August 05, 2018, 03:28:23 PM |
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On the daily we've got 7 red candles already and today could make 8. That hasn't happened since last September. And 8 didn't happen last year at all. Can't decide if its officially bear season or a decent gamble to do some day-tarding.
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STT
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4, 8, 15, 16, 23, 42, 108, 324
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August 05, 2018, 03:50:41 PM |
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Bit of a short term bottom is possible, some reaction to a channel. 7200 is a reasonable target and we have the 50 day moving average underneath us also, still rising  In fact take any price point more than 10 months ago. Its nonsense to consider less then 12 months. That view point is fine for traders but anyone drawing a conclusion for BTC on less then a year even is just biased, jumping on a bandwagon. We got glory supporters and we got the opposite of course, doesnt matter overall |
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El duderino_
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Activity: 1666
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Observing No-Coiners.
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August 05, 2018, 03:55:35 PM |
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Aha new special WO page mix of magical “21” and “007” bullish ??  |
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Globb0
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Free spirit
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August 05, 2018, 04:09:16 PM |
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Torque
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August 05, 2018, 05:15:29 PM
Last edit: August 05, 2018, 07:32:36 PM by Torque |
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If you think of the Nov-Dec rally as simply a beacon to the rest of the uninformed world (like "Hey, I'm Bitcoin, something you didn't even know about!") then it did its job.
Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.
What comes next is gonna be epic.
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bones261
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August 05, 2018, 05:52:18 PM |
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If you think of the Nov-Dec rally as simply a beacon to the rest of the uninformed world (like "Hey, I'm Bitcoin, something you didn't even know about!) then it did its job.
Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.
What comes next is gonna be epic.
I'm really don't think Bitcoin being on the radar of the Middle class is really what we should be aiming for. The people in the top two tiers of this pyramid are who needs to be convinced. Unfortunately, most of them already made boatloads of wealth with the status quo. The only benefit of the middle and lower classes becoming involved in Bitcoin is for the rich to have more sardines to consume.  |
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Wekkel
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yes
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August 05, 2018, 05:55:54 PM |
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They will enter if it fits their purposes. With enough ' adoption', this will be inevitable.
Remember what Torque just said. Remember it well.
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bones261
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August 05, 2018, 05:58:27 PM |
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They will enter if it fits their purposes. With enough ' adoption', this will be inevitable.
Remember what Torque just said. Remember it well.
I edited my post. So yeah, when it suits their purpose. The only benefit of the middle and lower classes becoming involved in Bitcoin is for the rich to have more sardines to consume. |
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d_eddie
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August 05, 2018, 07:12:45 PM
Last edit: August 05, 2018, 07:34:03 PM by d_eddie |
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If you think of the Nov-Dec rally as simply a beacon to the rest of the uninformed world (like "Hey, I'm Bitcoin, something you didn't even know about!) then it did its job.
Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.
What comes next is gonna be epic.
I share this view wholeheartedly. What we don't know right now is the "when", or what happens before that, or other details such as when the exponential long term curve will start to flatten down into a more or less constant horizontal slope. But whatever happens next to the current phase, it sure is going to be epic. Imagine just a couple of runs in the same league as the latest one to 19k. I suspect ater such an event, a bitcoin stash in the double digits will be enough to be among the wealthy, if not among the rich. |
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Biodom
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August 05, 2018, 07:15:34 PM Merited by buyandhold (1) |
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Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.
What comes next is gonna be epic.
Agree, and that's why I see NYSE/Starbucks as fiat head honchos "counterattack" against bitcoin. They are trying to put a middleman in the middle of bitcoin, especially when Microsoft, known for it's "embrace and extend" credo, is involved. It is threatening to the whole bitcoin appeal, hence an immediate drop in value. I personally think that this story would derail the real btc boom (at least for a while). |
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jonoiv
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August 05, 2018, 07:32:55 PM |
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This how i see August panning out.  It's just a guess, nothing more. |
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El duderino_
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Observing No-Coiners.
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August 05, 2018, 07:36:54 PM |
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This ho i see August panning out. It's just a guess, nothing more. Just like your guess on the list for highest price This year ..... around 7.5K or something  LOL |
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LFC_Bitcoin
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One of the world's leading Bitcoin-powered casinos
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August 05, 2018, 07:40:03 PM |
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This how i see August panning out. It's just a guess, nothing more. Get in the bin! |
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jonoiv
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August 05, 2018, 07:43:20 PM
Last edit: August 05, 2018, 09:07:02 PM by jonoiv |
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Just like your guess on the list for highest price This year ..... around 7.5K or something LOL yer sorry, i got that one wrong. but still made decent profit since 20k peak so im happy. |
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Majormax
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August 05, 2018, 07:47:03 PM |
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That´s a bit easy isn't it?
Since bitcoin basically startet at 0 USD you can pick any number and see it as an uptrend.
Pick 5 USD for instance. If we move down to 5 USD tomorrow going from bitcoins inception we probably doubled each year.
So, the basic question again : Is BTC in an uptrend or a downtrend ? Answer is simple : Medium term (year or two) Downtrend Longterm : Uptrend. Support line here (open to interpretation) is around $2-3k Trends *always* continue until the relevant support/resistance line is broken . Probably any other analysis becomes over-complicated, unless you want to trade frequently, which is usually a sure way to lose. |
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jonoiv
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August 05, 2018, 07:48:46 PM |
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Get in the bin!
Go on then, you fill in the blanks. have your best guess.  |
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d_eddie
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August 05, 2018, 07:50:02 PM |
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Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.
What comes next is gonna be epic.
Agree, and that's why I see NYSE/Starbucks as fiat head honchos "counterattack" against bitcoin. They are trying to put a middleman in the middle of bitcoin, especially when Microsoft, known for it's "embrace and extend" credo, is involved. Granted, Microsoft has been able to "embrace and extend" (corrupt) several things in the past, but I think this time is different. It's not bloated/dangerous HTML mail, or an inferior browser, or a nosy operating system. It's something that looks very much like money. The user's own money. As long as bitcoin works as money, the users will be able to see through all the corporate nonsense - in the worst case, via some smarter friend's eyes. - So you can't spend your Starbucks bitcoins at Amazon? Ah, it's your Microsoft wallet that won't let you. You know, I always instantly redeem all my credit through my own LN node, directly connected to Starbucks. Not my keys, not my money, that's what the geeks taught me... How long before this awareness invades mainstream channels such as Facebook, and everyone and their dogs can see the light? How long can such a scam survive? The hypothetic MS/Starbucks/whatever cartel had better compete by adding real value to their service, like an advantage on exchange rate for funds kept/spent with them, or some kind of fidelity bonus for people who comply with their centralized agenda. That's why I think they could ultimately help more than hinder. |
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JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin
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August 05, 2018, 07:54:17 PM |
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Think of it this way. We are part of the way down wave 4. Wave 4 is a fucking doozy that could last into 2019 but it also leads to the bottom of this bear cycle, in the desert of despair. 2014 - 2015 wave cycle  2018 wave cycle to date  Wide shot showing both 2014 and 2018 cycles  Even if you show similar lines on charts, that does not mean similar things are going to happen. Amirite? Amirite? |
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