boumalo
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Activity: 1946
Merit: 1019
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December 25, 2016, 02:39:23 PM |
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The FED will have to acknowledged that we are in a recession after the us presidential election then it will probably ease even more so the $ will drop and the bictoin will gain nominal value as well as real value.
The US economic fundamentals are great for Bitcoin : The FED raised interest rates of 0.25 which shows the economy is very weak and can't afford higher interest rates. In years of so called tightening policy it raised interest rates of only 0.5 and they still are at historically low levels. The FED didn't shrink the balance sheet either and is reinvesting interests from maturing bonds. When the sh.it will hit the fan and bubbles will burst, the $ value will likely go down so the Bitcoin value in $ and in real terms will go up. Bitcoin needs more good publicity but it will get it when the price will soars, it needs to be more and more adopted, in what proportion is it the case ? |
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soullyG
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December 25, 2016, 02:42:42 PM |
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Bear trap nearly over, time for some FOMO
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Fakhoury
Legendary
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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December 25, 2016, 02:57:40 PM |
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Bear trap nearly over, time for some FOMO
What made you so sure ? |
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sirazimuth
Legendary
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Activity: 3808
Merit: 4025
born once atheist
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December 25, 2016, 03:05:33 PM |
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Bear trap nearly over, time for some FOMO
What made you so sure ? huh! was just about to post bump some really cool FOMO memes!  |
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Fakhoury
Legendary
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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December 25, 2016, 03:24:47 PM |
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Bear trap nearly over, time for some FOMO
What made you so sure ? huh! was just about to post bump some really cool FOMO memes! I'm not against the up leg for sure, what I've saw a lot of people talking about that today is the most bullishest day in the rally and we will continue so soon. Example  |
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thebitcoingirl
Member
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Activity: 69
Merit: 10
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December 25, 2016, 03:53:20 PM |
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bubble resumed, new bull wave starting..
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12839
Self-Custody is a right. Say no to "non-custodial"
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December 25, 2016, 04:28:49 PM |
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Xmas correction to 860$ and then rocket goes to moon?
Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon  I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.  Bitcoin is sustaining the price of $899-$900 today by the way. The prediction says the price will rise above $1000 next year. So, I think you're a lil late for that. Though the current price is $888 and that because of the Christmas holiday. See, it was $900 yesterday, today it is $867, I still think that it is going to calm down for a day, before even the new year, will go down to somewhat like $800-$825 before January. That'll be the best time to get some more of it. Hope springs eternal. You are saying: "I sure hope it goes down so I can buy some more.. ... " Good luckie with holding out for thatie. We had some decent down... .. hahahahahaha.. and I was buying all the way down... I actually got a little nervous at $860 because accidentally I had filled duplicate orders at $860.... and I was thinking "oh shit I bought more than I expected" but now, it is seeming to have worked out pretty well.. .. and sell orders have already begun triggering.. even though we may be back at $920 in less than a day... could be, no? |
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JimboToronto
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Activity: 4494
Merit: 5813
You're never too old to think young.
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December 25, 2016, 04:40:42 PM
Last edit: December 25, 2016, 04:52:00 PM by JimboToronto |
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Good morning Bitcoinland and a very merry Xmas to all, bulls and bears, holders and traders alike. Happy holidays to those who don't do Xmas.  I see we had a little Xmas eve dip and we're halfway back up already... $886USD/$1200CAD at Bitcoinaverage. If it had been deep enough to consider buyable, I'd be pissed off that everything's closed except a few 24-hour convenience stores with exorbitant BTC ATM fees. As it is, I don't consider a dip worth buying if its ahead of where we were the day before yesterday. Just a minor glitch on low volume. Not a stocking full of goodies but not a lump of coal either. I guess we'll have to make do with friends, family, food and fun. Cheers to all. |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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December 25, 2016, 05:07:27 PM |
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Just remember that anything above 850 is awesome.
You seem to be setting yourself up for failure if you are expecting $850 to hold in order for bitcoin to be in a state of "awesome" We gotta also remember that we have not really experienced any kind of meaningful downward price correction since the lower $600s, so we could experience a correction that goes down 15% to 25% or even more (even as far down to lower $600s), and we will still be a decent state with bitcoin and I believe that we would still be in a bull price uptrend as long as prices generally stay above $600.. even if there were a spike below $600. I think that bitcoin is in a state of awesome because it already spiked up to $920, and so far we have had about a 7% correction from the $920 price of the past couple of days... I don't bank on any such spike below $600 (which would be a quite large 50% correction), but certainly, I am currently in a phase of buying bitcoins, and I am buying in small increments all the way down - even if prices were to spike below $600.. In this correction, I have been buying in small increments since $890... because I have no clue regarding how long this correction will last or when it will stop..... which seems quite plausibly below $850.. and I think that we are still in a state of "awesome" because it was quite amazing to go from $790 to $920 in a matter of just a couple of days... We remain awesome. |
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noobtrader
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Activity: 1456
Merit: 1000
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December 25, 2016, 05:09:39 PM |
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Hi everyone... Christmas season is a full of magic, gifts, carols and joyous celebration. Have the best Christmas ever by having BTC price reaching 1000usd.  |
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marcus1986
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December 25, 2016, 05:31:33 PM |
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Hi everyone... Christmas season is a full of magic, gifts, carols and joyous celebration. Have the best Christmas ever by having BTC price reaching 1000usd. Or reaching 9588$ Christmas and New Year magic! |
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savetherainforest
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December 25, 2016, 05:38:43 PM
Last edit: December 25, 2016, 05:58:20 PM by savetherainforest |
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Dafar
Legendary
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Activity: 1330
Merit: 1000
dafar consulting
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December 25, 2016, 05:57:31 PM |
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I already have enough BTC but just bought 6 more.....
highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!
LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!! See you all next year |
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savetherainforest
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December 25, 2016, 06:00:31 PM |
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I already have enough BTC but just bought 6 more.....
highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!
LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!! See you all next year I like it when you beg for cheap coins... |
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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December 25, 2016, 06:05:21 PM |
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I already have enough BTC but just bought 6 more.....
highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!
LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!! See you all next year I like it when you beg for cheap coins... My cost avg is in the 500's.... we're far beyond the cheap phase for now. I'm just annoyed I bought in the $900s like a noob |
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TaurusBit
Full Member
Offline
Activity: 183
Merit: 100
TaurusBit.com Administrator
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December 25, 2016, 06:07:51 PM |
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 Fortunately, we won't need banks anymore in the future. Prediction: the rally is gonna resume pretty soon. |
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savetherainforest
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December 25, 2016, 06:39:23 PM |
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I already have enough BTC but just bought 6 more.....
highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!
LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!! See you all next year I like it when you beg for cheap coins... My cost avg is in the 500's.... we're far beyond the cheap phase for now. I'm just annoyed I bought in the $900s like a noob Well I knew there was going to be a correction in the range of $870 < - > 905$ .. but I assumed or guessed that was common knowledge..  *edit: But don't worry... we ain't coming back! So you bought good... Cuz to be honest selling for less than 200k usd per coin in the next 20 years is just pointless and does not respect the true value. |
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kehtolo
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December 25, 2016, 08:22:46 PM |
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Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.
We'll be back over 900 next week. Could see 1000 fall in 2016 yet!
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energycr
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December 25, 2016, 09:40:01 PM |
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Fortunately, we won't need banks anymore in the future. Prediction: the rally is gonna resume pretty soon. Just noticed it rising up so bought just as it was rising at $883. Glad I did cause it increased my little buy up by $5 in 20 minutes. Easiest money I have ever made. Keep rising little bitcoin keep going higher!  |
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Spaceman_Spiff
Legendary
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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December 25, 2016, 10:23:53 PM |
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Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.
We'll be back over 900 next week. Could see 1000 fall in 2016 yet!
Um, head and shoulders are bearish, no? I am still quite bullish for the upcoming week though. There is greed in the air, but given the long winter, it seems more likely to be spring than the end of summer. |
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