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Asrael999
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June 15, 2017, 06:00:04 AM |
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and this is why crypto is not a "store of value"
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eXpl0sive
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June 15, 2017, 06:04:09 AM |
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who the f didn't sell at 3000 ?  Me. But I didn't sell at 2800, 2600, 2400 either for that matter.... |
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TeeBone
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June 15, 2017, 06:07:28 AM |
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BitmainCoin will be toast. Roger Ver, you scumbag rat cocksucker, get rekt.
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Asrael999
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June 15, 2017, 06:08:57 AM |
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BitmainCoin will be toast. Roger Ver, you scumbag rat cocksucker, get rekt.
maybe but they will also have the hashpower so.... |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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June 15, 2017, 06:13:42 AM |
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So the maths happened.. parabolic has to complete its cycle before.. moving upward.. it will surely cross 3000 usd level but after completing this parabolic cycle... and it has to come down to anywhere between 1300 to 1500 usd level... which is 61.8% to 78.8% retracement of this parabolic move ... over 8 weeks.  I like your chart, but it's never hitting $1500. Ever. You know what they say, never say never, Finex longs are around $70MM all time high, shorts are down to BTC15K more than half from all time high in April. If longs will start getting squeezed it won't be pretty  In that case, that is exactly what will happen. Gonna sleep on it, see where the price is a bit later. |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1011
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June 15, 2017, 06:16:04 AM |
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Bubble has most probably popped. Get ready for a global crypto bear market.
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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June 15, 2017, 06:20:41 AM |
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and congratz for who sold at 3000 enjoy the holidays
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TeeBone
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June 15, 2017, 06:25:30 AM |
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and congratz for who sold at 3000 enjoy the holidays
Actually, congrats to those buying this dip, we may never see 2K again. |
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NUFCrichard
Legendary
Offline
Activity: 1218
Merit: 1003
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June 15, 2017, 06:28:04 AM |
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and congratz for who sold at 3000 enjoy the holidays
The way things seem to go right now, I think the price will recover over the next few days. It is obviously a joke that the price can fall 25% for no reason so frequently, but c'est la vie! I didn't sell at $3000, though I have been looking to sell a very small amount. I keep waiting, then waiting but I am too afraid to miss out should the price continue to rise. Let's see how it goes from here, even $2000 is a very high price historically. |
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FractalUniverse
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June 15, 2017, 06:28:27 AM |
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bought few around 2200, will buy more if it gets lower
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Holliday
Legendary
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Activity: 1120
Merit: 1012
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June 15, 2017, 06:29:30 AM |
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Bubble has most probably popped. Get ready for a global crypto bear market.
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kludzins
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June 15, 2017, 06:32:26 AM |
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Bubble has most probably popped. Get ready for a global crypto bear market.
Yeah so BIG bitcoin bubble  It's all about perspective  |
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adaseb
Legendary
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Activity: 3962
Merit: 1741
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June 15, 2017, 06:39:19 AM |
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Scalping here. Tight stop, already went down alot today.  Covered here. Pretty sure it won't go much lower, at least for today. |
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adaseb
Legendary
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Activity: 3962
Merit: 1741
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June 15, 2017, 06:45:52 AM |
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So the maths happened.. parabolic has to complete its cycle before.. moving upward.. it will surely cross 3000 usd level but after completing this parabolic cycle... and it has to come down to anywhere between 1300 to 1500 usd level... which is 61.8% to 78.8% retracement of this parabolic move ... over 8 weeks. This is a good analysis if you are looking for a long term long at around the ~$1200 level or so. However its too early to tell if we will be getting any mid-term bearish action. Shorting based on this is not a good indicator. Tomorrow, all of todays moves could easily be reversed as it was in the past. We are still in a strong bull market. |
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starmman
Legendary
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Activity: 1484
Merit: 1029
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June 15, 2017, 06:50:32 AM |
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Bubble has most probably popped. Get ready for a global crypto bear market.
Sounds about right - we've been in bull for a while - nice to get some bearish sentiment for a while - then back on the train to 3000+ in a couple of months time =) |
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Pente
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June 15, 2017, 06:54:11 AM |
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This seemed like a small bubble in our fractal growth. If it rhymes with an earlier one, maybe we will see another around the end of this year:  http://imgur.com/a/f3ZQy |
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FractalUniverse
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June 15, 2017, 07:00:43 AM |
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looks good, strong rebound.
pity it didnt fill my second order at 2020
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User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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June 15, 2017, 07:06:19 AM |
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This news is irrelevant as merchants don't keep any BTC and simply contribute to the volatility. |
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FractalUniverse
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June 15, 2017, 07:09:47 AM |
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why should it contribute to volatility? imo its actualy positive as more retail BTC transactions are making bitcoin more viable and stronger in the long run. Only setback now is limited amount of transactions in 10 minute block window, and high fee
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