MahaRamana
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December 22, 2016, 08:08:00 PM |
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Hello guys ! I hope someone will answer my question, I try my luck.. 1/ What's your sentiment about the future price of the bitcoin ? These days the pump is insane... 2/ Last, the bitcoin price is depending about what ? Thank you ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 1. Down, up, down, up, up, up 2. Supply and demand.
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spud21
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December 22, 2016, 08:11:32 PM |
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Previous resistance $800?
I was considering the 24 hour resistance at roughly $840 to $847, but the mood is so bullish I don't think it will go back down. The earlier attempt to dump and keep it below that resistance didn't work.
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V1saya
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December 22, 2016, 08:17:48 PM |
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Previous resistance $800?
I was considering the 24 hour resistance at roughly $840 to $847, but the mood is so bullish I don't think it will go back down. The earlier attempt to dump and keep it below that resistance didn't work. Oh man every time I go to bed I am thinking if the bulls are done running and when will they take their rest and maybe I should just sell it. All ends up with a decision to just hold it and I guess the same will happen tonight. Up up up!
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 22, 2016, 08:25:07 PM |
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Looks like open highway to $900. Will have to see if the Jews try to implode it and form a double top in the $1000s or if they want to force people into bitcoin instead of gold and silver and thus allow it to keep going to the moon. Silver market is not much bigger than bitcoin so at some point they're either coming after bitcoin too, or they'll want everyone in bitcoin instead since it's easier to regulate and tax.
Yes but in order to control bitcoin, they first need a ETF/derivatives market for bitcoin so they can inflate the crap out of it and gain control of all the levers. But no real such market for bitcoin really exists yet. So the best they can do is slow down the growth of bitcoin. And the best way to do that? Pump it to the moon, then crash it. Makes people stay away for a while. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That is partly reasonable and partly crazy. The first half seems reasonable, but the crazy part is paraphrased from you as: "the best way to slow down bitcoin's growth is pumping it to the moon, then crashing it"... hm? does that sound reasonable to you or conspiratorial fantasy land crazy? And you don't think that's exactly what they did with Gold since 2008? Just look at that 10 yr chart... which is why no one is really all that excited about the Gold market right now even though Gold is supposedly seen as a "safe haven". There's actually fear in the Gold market, when right now it should be the exact opposite. I am not really grappling with all of the particulars of your arguments because you make decent points about some of the historical happenings and manipulations that take place and that can take place through the introduction of various kinds of investment vehicles. Therefore, I am not really disputing your assertion that various markets are highly manipulated through various instruments, including gold. You already concede that Bitcoin is quite a different animal and it does not have these tools and it is immature etcetera, etcetera.... so you conclude from that since they do not have the tools, the solution is to pump bitcoin.. makes little sense.... There may be a pump of bitcoin, but i doubt that it is coming from any of the folks who are hostile to bitcoin.. , and if bitcoin gets pumped up considerably, those who are hostile to bitcoin can attempt to be prepared to step in when it is experiencing a lul in pumping.. but they are likely more advantaged to attempt to prevent it from pumping, if they can... and they kind of already lost that battle in the past year and a half.. and they had been unsuccessfully attempting to get it to go below $200 and then once it started going up.. the momentum has become more and more difficult... .who knows what resources are being put in to attempting to keep bitcoin down.. it is likely inadequate.. as kind of demonstrated by the ongoing upwards movements in price.
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PoolMinor
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XXXVII Fnord is toast without bread
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December 22, 2016, 08:30:20 PM |
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Fight!! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi65.tinypic.com%2F169q4bs.jpg&t=665&c=mKUfwHH44uf70w)
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Globb0
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Free spirit
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December 22, 2016, 10:07:32 PM |
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julian071
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December 22, 2016, 10:09:56 PM |
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Fight!! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi65.tinypic.com%2F169q4bs.jpg&t=665&c=mKUfwHH44uf70w) Heihachi Mishima wins!!
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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December 22, 2016, 10:28:59 PM |
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Fight!! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi65.tinypic.com%2F169q4bs.jpg&t=665&c=mKUfwHH44uf70w) Heihachi Mishima wins!! Nah, Eddy Gordo, any noob could win by bashing the "kick" buttons ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) .
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jbreher
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lose: unfind ... loose: untight
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December 22, 2016, 10:36:21 PM |
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possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,
Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity? The trick is to transfer to thy trusted Trezor to truly thwart the thieves. 'zackly. I would expect the whales to keep the bulk of their holdings off such external points of failure. (sorry - I initially wrote that in natural language, then noticed some natural alliteration. So I rewrote it to maximize the alliteration. Of course, I was already into the sauce, as they say.)
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Jumanji7
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December 22, 2016, 10:47:19 PM |
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So are we refueling? ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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protokol
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December 22, 2016, 10:53:08 PM |
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Fight!! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi65.tinypic.com%2F169q4bs.jpg&t=665&c=mKUfwHH44uf70w) Heihachi Mishima wins!! Nah, Eddy Gordo, any noob could win by bashing the "kick" buttons ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Ling Xiaoyu with her 10 hit combos begs to differ... A metaphor for China leading this rally perhaps? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ytimg.com%2Fvi%2F3tudXSDVE_g%2Fhqdefault.jpg&t=665&c=GtJsfHnhNUf8tA)
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jbreher
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lose: unfind ... loose: untight
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December 22, 2016, 11:09:39 PM |
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And you don't think that's exactly what they did with Gold since 2008? Just look at that 10 yr chart... which is why no one is really all that excited about the Gold market right now even though Gold is supposedly seen as a "safe haven".
I am not really disputing your assertion that various markets are highly manipulated through various instruments, including gold. You already concede that Bitcoin is quite a different animal and it does not have these tools and it is immature etcetera, etcetera.... so you conclude from that since they do not have the tools, the solution is to pump bitcoin.. makes little sense.... I gotta agree with JJG here (!). Unless you can explain to me how pumping the pump then causing a dump leads to anything other than a net higher value. I mean, just look at end of 2013. Sure the crash was ugly, but when we hit bottom, we were at about twice the pre-pump level. If TPTB were actively trying to kill Bitcoin, I would expect them to make and popularize some sort of legalistic 'paper Bitcoin' in the same manner that they are successfully using to kill the gold price.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 22, 2016, 11:12:58 PM |
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possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,
Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity? The trick is to transfer to thy trusted Trezor to truly thwart the thieves. 'zackly. I would expect the whales to keep the bulk of their holdings off such external points of failure. (sorry - I initially wrote that in natural language, then noticed some natural alliteration. So I rewrote it to maximize the alliteration. Of course, I was already into the sauce, as they say.) Overall, you guys are still changing the subject. We already know that there are several folks who suggest that neither fiat nor bitcoin should be kept on exchanges, and that seems to be a stupid-ass pie in the sky idea - especially if you are considering the reality of the current situation or if you are interested in the health of bitcoin in terms of liquidity, price determination etc. Sure, on an individual level, you may want to protect yourself and your assets from third party risk; however, if we are talking about the real world reality about what causes BTC prices to change, and why one exchange may have higher or lower prices or higher or lower liquidity, then those are two separate questions (even though related) I gotta agree with JJG here (!).
Hhahahahahahahaha Makes me want to take back anything negative that I had ever said or thought about you, jbreher. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Elwar
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Viva Ut Vivas
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December 22, 2016, 11:49:39 PM |
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Just jumping in here before I fly off to Kuwait for another stint in Afghanistan. Would have preferred the bitcoin price be like last year while I make AF money but it's all good. Glad I put the sale of my house into bitcoin back in June.
The previous bubbles started with a doubling of the price within a month. Looks like the low hit $787 in the past 3 days. If the price is over $1,500 by January 19-20th then it will be over $3k near the beginning of February and then $6k a week later. (If history is any indicator)
Initially I had thought that there was nothing behind this surge but I think that just like the last bubble was China coming online, this one looks like India is coming aboard. With their government screwing with their monetary system plus the added rumor that they will ban gold (India has a huge amount of gold) the price in Rupees for bitcoin has already shot over $1k and their exchanges are being flooded with new users. The only difference this time is that China was half speculation and partly China actually starting to get involved. India coming onboard does not appear to be hyped, it's just happening.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 23, 2016, 12:21:58 AM |
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Just jumping in here before I fly off to Kuwait for another stint in Afghanistan. Would have preferred the bitcoin price be like last year while I make AF money but it's all good. Glad I put the sale of my house into bitcoin back in June.
The previous bubbles started with a doubling of the price within a month. Looks like the low hit $787 in the past 3 days. If the price is over $1,500 by January 19-20th then it will be over $3k near the beginning of February and then $6k a week later. (If history is any indicator)
Initially I had thought that there was nothing behind this surge but I think that just like the last bubble was China coming online, this one looks like India is coming aboard. With their government screwing with their monetary system plus the added rumor that they will ban gold (India has a huge amount of gold) the price in Rupees for bitcoin has already shot over $1k and their exchanges are being flooded with new users. The only difference this time is that China was half speculation and partly China actually starting to get involved. India coming onboard does not appear to be hyped, it's just happening.
I understand what you are saying regarding China and India; however, the fact of the matter remains that even if there are various incentives and increases in the onboarding of a large number of folks into bitcoin, the onboarding into bitcoin still remains a relatively small portion of either of those populations - which is likely even better for the long term of bitcoin to experience more and more people onboarding bitcoin and more and more reasons for them to do so and more and more channels for them to do so
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Elwar
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Viva Ut Vivas
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December 23, 2016, 12:44:13 AM |
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Just jumping in here before I fly off to Kuwait for another stint in Afghanistan. Would have preferred the bitcoin price be like last year while I make AF money but it's all good. Glad I put the sale of my house into bitcoin back in June.
The previous bubbles started with a doubling of the price within a month. Looks like the low hit $787 in the past 3 days. If the price is over $1,500 by January 19-20th then it will be over $3k near the beginning of February and then $6k a week later. (If history is any indicator)
Initially I had thought that there was nothing behind this surge but I think that just like the last bubble was China coming online, this one looks like India is coming aboard. With their government screwing with their monetary system plus the added rumor that they will ban gold (India has a huge amount of gold) the price in Rupees for bitcoin has already shot over $1k and their exchanges are being flooded with new users. The only difference this time is that China was half speculation and partly China actually starting to get involved. India coming onboard does not appear to be hyped, it's just happening.
I understand what you are saying regarding China and India; however, the fact of the matter remains that even if there are various incentives and increases in the onboarding of a large number of folks into bitcoin, the onboarding into bitcoin still remains a relatively small portion of either of those populations - which is likely even better for the long term of bitcoin to experience more and more people onboarding bitcoin and more and more reasons for them to do so and more and more channels for them to do so It is certainly a small portion of the population just like bitcoin is only owned by a small portion of Americans. Most likely less than .0001%. That's a lot of upside. I read an article that bitcoin is overtaking gold volume in Brazil. Imagine that happening in India. Bitcoin price would be in the tens of thousands.
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JimboToronto
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You're never too old to think young.
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December 23, 2016, 12:56:06 AM |
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The end of another day (UTC) brings another fine green candle. That's 7 in a row. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi664.photobucket.com%2Falbums%2Fvv10%2FJimboToronto%2Fmenorah.jpg&t=665&c=BSIFe3cC6oZkGQ) I hope Roach likes the menorah pic. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Meuh6879
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December 23, 2016, 01:03:45 AM |
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Dead Line, buy or sell. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg923%2F4527%2FIOAFOz.gif&t=665&c=AjAWLsvWFVoskQ) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg924%2F1241%2FxrS6QF.png&t=665&c=Qd0EeqehZn1LLg)
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ImI
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December 23, 2016, 01:30:26 AM |
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abstract1
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December 23, 2016, 01:41:16 AM |
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![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Now I'm starting to get the feeling 1k by or shortly after new years is possible.
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