ragnar0k
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November 26, 2017, 05:03:13 PM |
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Look at monthly RSI, it's well over 93%.
Only 3 times so far we got over 95. Each and every time we were into a bubble just about to burst.
You're not wrong to be cautious here. But let me ask you a question. Suppose those hedge funds planning to invest in futures through the CME, and even Wallstreet whale traders, know for a fact that the Bitcoin price will soar higher in the coming years want to get out in front of it by buying loads of Bitcoin directly now. Would they be able to disguise that market buying pressure? I think not. Is that what we are seeing with this rally then? Possibly. Could we still see a big short once the CME thing gets going? Possibly. Could we instead see no pullback at all? Possibly. Prepare accordingly. I agree, except "no pullback" is not an option imho. We may debate whether a correction may start from here, 10000, 12000 or whatever, but we'll get a huge correction afterwards ( 40% ? 60% ? ). Morevover usually when the bubble bursts all you get is a huge price spike that you'll hardly catch. Personally i trust that monthly indicator and from here i'll follow the simple advice: "sell greed". Still liquidating along the rise. The question here I think is not whether it will fall (I believe it will, but I am crap @ predictions), but how long it will stay down! Lately crashes do not seem to last, I think the behavior of BTC is still the same, but demand is spiking, and with holiday family discussions you bet more users will join. The minimum I can do for BTC is to hodl during a fall to 6 or 5k, given that it was the price of a few weeks ago
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BitcoinBunny
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Far, Far, Far Right Thug
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November 26, 2017, 05:05:34 PM |
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Ibian
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November 26, 2017, 05:08:45 PM |
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Meuh6879
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November 26, 2017, 05:09:12 PM |
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How does it feel to be rich? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg923%2F927%2FTGO0p7.gif&t=665&c=lxJuK0In5KfO_Q)
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BitcoinBunny
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Far, Far, Far Right Thug
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November 26, 2017, 05:10:49 PM |
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You are too distracted to notice the plus symbol.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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November 26, 2017, 05:11:08 PM |
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$9300. Now I'm looking around and thinking "I could tear my house down and build another one exactly like it, but with that window 3 feet to the left".....
Amazing. What happens once it blows past 10,000? Does it just start going up in 10k increments?
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True Myth
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November 26, 2017, 05:13:02 PM |
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GDAX is on a roll just blew past $9,400 USD with good momentum.
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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November 26, 2017, 05:13:45 PM |
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We are approaching the 9500$ target masterluc set a year or so ago as the top of this wave. Now I'm not sure if he has revised this (I think he has) but I would not be surprised to see a big correction at these levels.
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TheJuice
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November 26, 2017, 05:14:31 PM |
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We could see 10k today, boys. That is the MOON. It's what I've been dreaming of since 2011 and my $2 coins. Congrats to all. Today is a wonderful day.
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True Myth
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November 26, 2017, 05:14:46 PM |
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GDAX is on a roll just blew past $9,400 USD with good momentum.
In 2 hours today alone price has gone from 9k to almost 9.5k.
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Higher Altitude
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November 26, 2017, 05:18:39 PM |
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$9300. Now I'm looking around and thinking "I could tear my house down and build another one exactly like it, but with that window 3 feet to the left".....
Amazing. What happens once it blows past 10,000? Does it just start going up in 10k increments?
That's a perfectly valid thought you are having. If I had a house I'd sleep in a tent for a while while, sell the house and through the magic of Bitcoin wake up in a mansion a while later. Certainly not selling a single Satoshi at this point. Even if debt collectors punch my door in. We are already seeing the effects of post 10k growth. One Bitcoin hiccup = $100+
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AlcoHoDL
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Addicted to HoDLing!
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November 26, 2017, 05:21:36 PM |
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I suggest we start posting when there's NOT an ATH.
OMG WTF?
Green vertical @ Kraken!
7750 € !!!
RSI has hit 96+%
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TheJuice
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November 26, 2017, 05:24:11 PM |
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There is a decent wall at 9500. Let's see how long that lasts.
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flynn
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November 26, 2017, 05:25:33 PM |
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I suggest we start posting when there's NOT an ATH.
OMG WTF?
Green vertical @ Kraken!
7750 € !!!
RSI has hit 96+%
Panic buy in progress
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BitcoinBunny
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Far, Far, Far Right Thug
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November 26, 2017, 05:31:19 PM |
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Who knows. Maybe John McAfee can safely bin his barber's razor blade. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Higher Altitude
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November 26, 2017, 05:39:55 PM |
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I bought Bitcoin 2 days ago at €7000/BTC, now it's almost at €7800+/BTC. That's 10%+ gain in 2 days. As a millenial I will never understand traditional investors who talk about a "good" rate at 6-9% annually and thanks to Bitcoin I probably never have to. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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November 26, 2017, 05:43:47 PM |
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That's a perfectly valid thought you are having. If I had a house I'd sleep in a tent for a while while, sell the house and through the magic of Bitcoin wake up in a mansion a while later.
Certainly not selling a single Satoshi at this point. Even if debt collectors punch my door in.
We are already seeing the effects of post 10k growth. One Bitcoin hiccup = $100+
I'm still not buying bitcoins with fiat, continuing to work for them. I just feel so Ragnar Danneskjöld about the whole thing. But it is to note that my damn work keeps getting me less and less bitcoin (although these days I quote in litecoin due to the lower fees) Had to sell a few litecoins a few days ago at 70 or so to pay off some test mining gear. Not a biggie, need the stuff to be able to continue to fix things....
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600watt
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November 26, 2017, 05:49:12 PM |
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I bought Bitcoin 2 days ago at €7000/BTC, now it's almost at €7800+/BTC. That's 10%+ gain in 2 days. As a millenial I will never understand traditional investors who talk about a "good" rate at 6-9% annually and thanks to Bitcoin I probably never have to. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) my bank advertises interest rates between 0.1 and 0.2% P fuckingA
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TERA2
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Deb Rah Von Doom
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November 26, 2017, 05:53:49 PM |
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A $30M coin has done more volume in the last 24 hours than Bitstamp.
some fucker is posting more shit in a bitcoin speculation subforum in the last 24 hours than... I'm complaining about this exchange, not making a speculation. Also my stolen account has thousands of posts.
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gentlemand
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Welt Am Draht
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November 26, 2017, 05:56:15 PM |
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I'm complaining about this exchange, not making a speculation.
Which coin is this? Bitstamp is number 10 in volume with $80 million.
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