becoin
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August 31, 2017, 11:41:48 AM |
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New ATH! Damn! I have still some BCH to sell.
Interesting to note that, this time, as BTC just made a new ATH, the altcoins in general did not suffer considerably. Is this the starting leg for a new monster altcoin rally? It is always more of the same. Suppose you've sold your bitcoins at $4000 in anticipation of "imminent and unavoidable" correction. And you wait and wait and wait.... But bitcoin tops $4500. What will you do when you lose patience and start panic for being fiat bagholder? Buying at $4500 is a disaster and unacceptable from psychological point of view. People don't like to confess they've made a mistake. So, they throw all their fiat at the altcoins and hope that the altcoin they've chosen will catch up with bitcoin appreciation. That is all. It is really simple. People prefer to own 5 units of something than 0.000045 units of something else even if the latter is something more stable and more valuable.
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Denker
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August 31, 2017, 11:54:38 AM |
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$10k estimates for this run will prove too low.
Well that needs to be seen. Let's go for 5k first and then see how the market reacts. 5000 is some psychological number where I definitely expect some strong resistance and profit taking. This could be the range for another correction/bigger dip and then it will get pretty interesting if the market still has balls to continue moving upwards.
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empowering
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August 31, 2017, 11:57:58 AM |
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New ATH! Damn! I have still some BCH to sell.
Interesting to note that, this time, as BTC just made a new ATH, the altcoins in general did not suffer considerably. Is this the starting leg for a new monster altcoin rally? It is always more of the same. Suppose you've sold your bitcoins at $4000 in anticipation of "imminent and unavoidable" correction. And you wait and wait and wait.... But bitcoin tops $4500. What will you do when you lose patience and start panic for being fiat bagholder? Buying at $4500 is a disaster and unacceptable from psychological point of view. People don't like to confess they've made a mistake. So, they throw all their fiat at the altcoins and hope that the altcoin they've chosen will catch up with bitcoin appreciation. That is all. It is really simple. People prefer to own 5 units of something than 0.000045 units of something else even if the latter is something more stable and more valuable. Hmmm... that is one type of alt investor. There are others... some people never sell their BTC and throw fresh fiat at alts Or day trade for profits using BTC or whatever is hot and throw that at alts. Some will be throwing $ at BTC and alts - the market is growing,and arguably maturing, some of the chaff has been cut - or at least this is the perception.. alts that service niches and that are maturing on their roadmaps - that have somewhat proven themselves- are now more of a thing than before. I think we will see "large-cap" and "small-cap"coins be a thing Of course...many speculators in alts are trying to earn more BTC ultimately. I am expecting 1 trillion overall marketcap within 1-1.5 years... and making that up will be many of the current top 10+top 20 and no doubt some new comers... It is going to be interesting to see the coins and the communities and the businesses within the ecosystems - mature and deploy marketing and start REALLY getting footholds in legacy markets... Rising tides.
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empowering
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August 31, 2017, 11:59:22 AM |
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"apparently" doesn't mean jack until BTC has a larger marketcap than gold- til then its just talk.. Lets get to 1% of the gold market first
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rjclarke2000
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August 31, 2017, 12:08:19 PM |
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ATH and no one really gives a shit. Got to laugh at this.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 31, 2017, 12:09:03 PM |
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$10k estimates for this run will prove too low.
Well that needs to be seen. Let's go for 5k first and then see how the market reacts. 5000 is some psychological number where I definitely expect some strong resistance and profit taking. This could be the range for another correction/bigger dip and then it will get pretty interesting if the market still has balls to continue moving upwards. Based on recent corrections and reactions and seemingly ongoing upwards price pressures, I doubt that there is going to be considerable resistance at $5k. more likely to witness stronger resistance at $5400 and then at $7k... But sure, we could have a correction or a mini correction at any time that falls a bit short of either $5400 or $7k that causes additional pauses in upwards BTC price movements.
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becoin
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August 31, 2017, 12:23:01 PM |
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ATH and no one really gives a shit. Got to laugh at this.
Well, it's business as usual. Nothing to see here.
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xhomerx10
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August 31, 2017, 12:24:13 PM |
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Six of the world’s biggest banks have joined a project to create a new form of digital cash that they hope to launch next year for clearing and settling financial transactions over blockchain, the technology underpinning bitcoin. https://www.ft.com/content/20c10d58-8d9c-11e7-a352-e46f43c5825dSuch innovation!Such wow! So evil ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIxMBG0f.jpg&t=665&c=Qkf9CKYmVdHlTQ)
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xhomerx10
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August 31, 2017, 12:26:03 PM |
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ATH and no one really gives a shit. Got to laugh at this.
I haven't stopped celebrating since $4000!
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600watt
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August 31, 2017, 12:26:48 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.energia.ru%2Fru%2Fhistory%2Fsystems%2Fimages%2Frockets.jpg&t=665&c=jeIQ0LMNpYlOxA) we have a P 7 here!
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empowering
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August 31, 2017, 12:40:57 PM |
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Total Cryptocurrency Market Cap: $170,494,886,346
Tick-tock
(blink)
(1 Trillion $)
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Meuh6879
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August 31, 2017, 12:42:03 PM |
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You can't resist. You don't want ... ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg924%2F8402%2FQnR39V.gif&t=665&c=U2x8hnFXS-bdgw) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg924%2F7627%2FjepvPJ.png&t=665&c=i7IhTtA1XC65fg) You simply watch ... the battle ... ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg923%2F4527%2FIOAFOz.gif&t=665&c=AjAWLsvWFVoskQ)
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Meuh6879
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August 31, 2017, 12:45:25 PM |
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So evil
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg923%2F186%2FAaxr2g.gif&t=665&c=6xWsRq0nlKY5fQ) or not ...
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Meuh6879
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August 31, 2017, 12:48:17 PM |
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"Apparently, Bitcoin is more popular than gold among investors, as a hedge against rising global uncertainties. Growing mistrust of national currencies, following dubious government policies, has pushed people into Bitcoin"
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg907%2F7189%2FrM2FEo.png&t=665&c=SnXx9cyQ4lbFjg) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg923%2F5751%2F5VAnAy.jpg&t=665&c=gXT5lwXW_esOPQ)
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TaurusBit
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TaurusBit.com Administrator
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August 31, 2017, 12:56:21 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi0.kym-cdn.com%2Fphotos%2Fimages%2Foriginal%2F000%2F727%2F825%2Fb48.gif&t=665&c=mLNN04Tt3PUrhA) Are you ready?
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xhomerx10
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August 31, 2017, 01:07:46 PM |
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So evil
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg923%2F186%2FAaxr2g.gif&t=665&c=6xWsRq0nlKY5fQ) or not ... No doubt it's science and we all know that science is never used to evil ends. I completely trust a proprietary and private distrubted leger the major banks will collude, conspire, connive, damn I can't find the right word... oh, AGREE to use. It will allow them to gouge, scam settle accounts at the speed of lightning. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FMpVaJfE.jpg&t=665&c=S6z2IDBBiyB2Lw) Much trust.
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Meuh6879
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August 31, 2017, 01:10:02 PM |
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So true, my friend. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg924%2F7173%2FTNu9o1.jpg&t=665&c=6sygX9zXXcU9BQ) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg922%2F407%2Fc4uKYa.jpg&t=665&c=9ENviLOSKjN-wA)
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yefi
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August 31, 2017, 01:11:04 PM |
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Yeah, I'm back baby. My thanks to Cyrus! If you haven't already, make sure to stake your address. Best thing you can do to protect your account. And $4700? Today is a good day.
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Wekkel
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yes
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August 31, 2017, 01:21:23 PM |
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ATH and no one really gives a shit. Got to laugh at this.
Wake me up at $15k .... seriously...
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