JayJuanGee
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Activity: 4200
Merit: 12838
Self-Custody is a right. Say no to "non-custodial"
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December 13, 2016, 01:42:27 AM |
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it can go up or down, either way am ready
still i have this idea that it will christmas dump cause everybody expect it to explode like 2013
then 2017 is moon
I think that there is some decent potential for the prediction that you are making; however, your prediction is coming off as a bit jaded - as if you have been traumatized by the last 3 years (I mean getting dumped on over and over and over). Sure, each of us, who has been invested in bitcoin for some time, are likely feeling various levels of anxiety and trauma from the various unexpected bull run quenching dumps of the past three years. |
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ImI
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Activity: 1946
Merit: 1019
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December 13, 2016, 01:52:50 AM |
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Have you noticed that since the beginning of this rally we have seen ZERO choo-choo-pics? It seems like the lesser choo-choo-pics the more up we go. So NO choo-choo-pics, except you are short..
edit: btw ccmf
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 13, 2016, 01:55:48 AM |
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$780 on Stamp.
Highest price in around 3 years.
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ImI
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Activity: 1946
Merit: 1019
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December 13, 2016, 01:56:51 AM |
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media incoming
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ImI
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Activity: 1946
Merit: 1019
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December 13, 2016, 02:02:19 AM |
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very good sign that SO FAR we have no buying-panic at all. everything goes smooth as f
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abstract1
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Merit: 0
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December 13, 2016, 02:04:28 AM |
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ImI
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Activity: 1946
Merit: 1019
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December 13, 2016, 02:05:53 AM |
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JayJuanGee
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Activity: 4200
Merit: 12838
Self-Custody is a right. Say no to "non-custodial"
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December 13, 2016, 02:09:01 AM |
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it can go up or down, either way am ready
still i have this idea that it will christmas dump cause everybody expect it to explode like 2013
then 2017 is moon
as long as we get no doom-news like a hacked exchange, a hardfork or similar shit, there will be the stuff that Rampion wrote about. Definitely at a pivotal point IMHO...the high of June 2016 sets the stage !!! Personally I think if we make a spike higher with considerable volume we might see a new all time high within 3 months... Of course the composite operator loves random chaos within the parameters which includes all of the above mentioned by IMI  DIsclaimer:I just had a triple shot so take that with a grain of salt...  Yes... have to take it with a LARGE fucking grain of salt. One scenario is new ATH in three months..... another scenario is 3 days, and there are variations in between and even on the outskirts of that. Sometimes when a pump goes into affect, the pumpers have little to no patience, and they want to see high numbers quickly, in order that they can cash out in a timely manner... maybe before the new year (even though such scenario makes little sense for tax purposes)... |
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Chef Ramsay
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December 13, 2016, 02:12:23 AM |
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Interesting prices are interesting. |
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Fakhoury
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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December 13, 2016, 02:14:55 AM |
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 13, 2016, 02:16:58 AM |
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Fakhoury
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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December 13, 2016, 02:17:12 AM |
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AZwarel
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December 13, 2016, 02:19:36 AM |
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800
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PoolMinor
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Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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December 13, 2016, 02:21:37 AM |
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Moar please!  |
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elux
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Activity: 1458
Merit: 1006
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December 13, 2016, 02:22:34 AM |
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Waiting for a breakout:  |
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PoolMinor
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Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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December 13, 2016, 02:28:51 AM |
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My money wont be in till Friday, need this thing to chill!
Has been ~18 months to get yer money in........ |
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Alley
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Activity: 910
Merit: 1000
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December 13, 2016, 02:29:03 AM |
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But I thought circle said bitcoin never caught on?
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Fakhoury
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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December 13, 2016, 02:32:38 AM |
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But I thought circle said bitcoin never caught on?
By the way, most probably they are using Bitcoin but "Behind the scenes", in order to be mainstream, they must do this, at least for now. |
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JayJuanGee
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Activity: 4200
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Self-Custody is a right. Say no to "non-custodial"
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December 13, 2016, 02:33:02 AM |
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There has really been no big news (real or not) that would get people to enthusiastically rush to buy, thus causing a huge spike in price.
There is certainly upward pressure and optimism which is necessary for that but that is just one part.
I would say that the current upward momentum is due to the upward direction over the past year and the hopes that something big can push it higher. If the price were slowly falling over the past year there would not be this type of optimism. Even at this price.
Although I would love the price to jump to $3,000, I would rather have a solid price of $900-$1200 backed by adoption as opposed to short term speculation. If the price jumped to $3,000-$5,000 most people would be wanting to cash out into fiat at a huge profit. I would even consider doing so at such a high price. But then what do I have...a bunch of lousy fiat. I would rather have a solid decentralized cryptocurrency that I can spend in more places than being a fiat millionaire.
Markets do not work like the way you are wishing them to work. Sure it would be nice to experience a nice gradual price rise, but markets are violent, and we cannot change that aspect of speculation in such a bitcoin market that has already been created (and allows for a lot of crazy speculation, in both directions, as you already indicated). |
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Elwar
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Viva Ut Vivas
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December 13, 2016, 03:07:20 AM |
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Markets do not work like the way you are wishing them to work.
Sure it would be nice to experience a nice gradual price rise, but markets are violent, and we cannot change that aspect of speculation in such a bitcoin market that has already been created (and allows for a lot of crazy speculation, in both directions, as you already indicated).
A mature currency should eventually become less violent. In all reality the price is a lot more steady. While previous swings would be 50% of the price when it was under $5 to swings of 20% in the $100s...today 2-3% is significant. I used to day trade when the price was jumping around from $3 to $7. I was definitely not an expert. I learned my lesson then. |
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