RayX12
|
|
December 19, 2017, 11:59:48 AM |
|
The sad part is that Wall Street is (temporarily) driving this bull now. What appears to be happening is that the futures market is being used by the Wall Street players as a forecaster of prices and the bulk of other bitcoin traders are following suit. Sad but true, as predicted the legendary Bitcoiners are loosing control of this market. Watch this video by a pro trader that i have been following for about a year. "SPECIAL REPORT: Bitcoin Price Falls As CME Futures Exchange Bids Lower. By Gregory Mannarino" https://www.youtube.com/watch?v=xSRal9NQZi0&t=40sThe judge is still out, but this event may or may not affect the future prices of Bitcoin on the long term. We all know many heavy hitters in Wall Street do not believe in Bitcoin and they are going to short this market whenever possible to protect their inflationary assets like cash, gold, silver, stocks, etc. That is why it is called the futures market, because is typically used to predict the FUTURE, although it has been proven that they do not predict it but rather manipulate it! Is Bitcoin DEAD? No, I dont think so, not by a long shot! The true value of this asset has not changed, its deflationary model has not changed, its security model has not changed, its destiny has not changed, nothing has changed except that the big boys BETTING-CLUB is now wanting to take some profits out of this bull run. The big boys betting-club has been doing this for a long time and dont want to miss the adrenaline and the gains ($$$) of this market. Some of the Banksters that participate in this club also have to protect their inflationary assets and they will be betting against while other fund managers will be betting for the continuation of this run. Should I buy the DIP? Absolutely! This market volatility is going to increase and if the price is pushed down too much it will rebound when the bitcoin believers take control. In this case the believers participating in the futures market will also help push BTC to much higher adding to the rebound. Can Wall Street stop Bitcoin now? This is still a free market and its forces will take BTC much higher since the true value of this asset that is now worth $306 Billion dollars is intact. Wall Street with its huge financial backing can kick BTC around but it wont be long before the underlying market forces will take control away from Wall Street.
|
|
|
|
|
|
|
The forum was founded in 2009 by Satoshi and Sirius. It replaced a
SourceForge forum.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
d_eddie
Legendary
Offline
Activity: 2492
Merit: 2940
|
|
December 19, 2017, 12:01:30 PM |
|
Edit: bounced off of $17,800 (talking about Stamp), and now back to $18,300..... Bottom is in, perhaps?
It is no bottom until the official "Who sold at the bottom?" post.
|
|
|
|
Phil_S
Legendary
Offline
Activity: 2091
Merit: 1461
We choose to go to the moon
|
|
December 19, 2017, 12:02:53 PM |
|
I would like to freak out a little bit...
|
|
|
|
Torque
Legendary
Offline
Activity: 3556
Merit: 5041
|
|
December 19, 2017, 12:05:24 PM |
|
Honestly that was the most pitiful short attack I've ever seen.
That's all they got?
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
December 19, 2017, 12:07:44 PM |
|
The sad part is that Wall Street is (temporarily) driving this bull now. What appears to be happening is that the futures market is being used by the Wall Street players as a forecaster of prices and the bulk of other bitcoin traders are following suit. Sad but true, as predicted the legendary Bitcoiners are loosing control of this market.
Futures have accounted for less than 1% of BTC's actual volume, plus it's not BTC volume. It goes to show how weak minded many are. They're looking for authority to defer to when all of the power remains in their hands.
|
|
|
|
404Revolution
Full Member
Offline
Activity: 252
Merit: 107
Not Found
|
|
December 19, 2017, 12:08:00 PM |
|
bears vs bull trading blows
Hot
|
|
|
|
milkshock100
Member
Offline
Activity: 242
Merit: 14
|
|
December 19, 2017, 12:09:04 PM |
|
The sad part is that Wall Street is (temporarily) driving this bull now. What appears to be happening is that the futures market is being used by the Wall Street players as a forecaster of prices and the bulk of other bitcoin traders are following suit. Sad but true, as predicted the legendary Bitcoiners are loosing control of this market.
Futures have accounted for less than 1% of BTC's actual volume, plus it's not BTC volume. It goes to show how weak minded many are. They're looking for authority to defer to when all of the power remains in their hands. Yes
|
|
|
|
ragnar0k
|
|
December 19, 2017, 12:15:28 PM |
|
Let them sell, we are going to have a spectacular bounce when this is over
|
|
|
|
HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
|
|
December 19, 2017, 12:30:58 PM |
|
How I feel observing this thread for the last couple of months: HA! HA HA ! I am clearly the best looking.
|
|
|
|
fabiorem
|
|
December 19, 2017, 12:52:30 PM |
|
Wall Street with its huge financial backing can kick BTC around but it wont be long before the underlying market forces will take control away from Wall Street.
That is why Im "preaching the word" in any forum outside here. The more people in, the more weight against Wall Street. Vires in Numeris.
|
|
|
|
flynn
|
|
December 19, 2017, 01:02:50 PM |
|
What ?
Where is my daily ATH ?
You guys can't be trusted.
|
|
|
|
Torque
Legendary
Offline
Activity: 3556
Merit: 5041
|
|
December 19, 2017, 01:15:51 PM |
|
Honestly this is what I think of when newbs trade their bitcoins for more shitcoins, thinking they can game the markets. Sometimes the only way to learn is to get burned.
|
|
|
|
conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
|
|
December 19, 2017, 01:22:37 PM |
|
Honestly this is what I think of when newbs trade their bitcoins for more shitcoins, thinking they can game the markets.
And even when they win big time, where would they stash their gains?
|
|
|
|
|
Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
|
|
December 19, 2017, 02:28:33 PM |
|
are you ready ?
|
|
|
|
NUFCrichard
Legendary
Offline
Activity: 1218
Merit: 1003
|
|
December 19, 2017, 02:30:07 PM |
|
Yeah I am inconsolable that Bitcoin is 'only' at $17.750 It has been moving sideways for a fey days now, Bitfinex just need to move their new $250mil into the leveraged account and get this show on the road again!
I expect 20k before any big move downwards.
|
|
|
|
ivomm
Legendary
Offline
Activity: 1854
Merit: 2841
All good things to those who wait
|
|
December 19, 2017, 02:43:54 PM Last edit: December 19, 2017, 02:56:23 PM by ivomm |
|
Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. 2. Bitcoin doesn't rise. 3. Some altcoin rises 50-100-300---% in 2-3 days. 4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss. 5. Now let's buy altcoins 1,2, 3,... 6. Yupee, they rise 10%! I'm rich! 7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken! 8. Finally, exchange is working. I'll wait to get back where I bought it. 9. Oh, no! Alts lose another 50-80%!!! 10. Ok, let's sell now! 11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it! 12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum. 13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it! 14. Let's buy now. 14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.
Balance at the end of the year:0
|
|
|
|
Torque
Legendary
Offline
Activity: 3556
Merit: 5041
|
|
December 19, 2017, 02:47:45 PM |
|
^^^^^ Nailed it. Shitcoins are a profit-taking machine.
|
|
|
|
RobSteward
Jr. Member
Offline
Activity: 40
Merit: 3
|
|
December 19, 2017, 02:56:28 PM |
|
Most of the traders are too emotional to make real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. 2. Bitctoin doesn't rise. 3. Some altcoin rises 50-100-300---% in 2-3 days. 4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss. 5. Now let's buy altcoins 1,2, 3,... 6. Yupee, they rise 10%! I'm rich! 7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken! 8. Finaly, exchange is working. I'll wait to get back where I bought it. 9. Oh, no! Alts lose another 50-80%!!! 10. Ok, let's sell now! 11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it! 12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum. 13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it! 14. Let's buy now. 14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.
Balance at the end of the year:0
So much. So many people approaching me asking about altcoins ("it's rising so fast and much better because x,y,z bla") just to come back to me a week later telling me that they bought back into BTC.
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2478
Merit: 2092
$120000 in 2024 Confirmed
|
|
December 19, 2017, 02:58:11 PM |
|
Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this: 1. Buy Bitcoin. 2. Bitcoin doesn't rise. 3. Some altcoin rises 50-100-300---% in 2-3 days. 4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss. 5. Now let's buy altcoins 1,2, 3,... 6. Yupee, they rise 10%! I'm rich! 7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken! 8. Finally, exchange is working. I'll wait to get back where I bought it. 9. Oh, no! Alts lose another 50-80%!!! 10. Ok, let's sell now! 11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it! 12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum. 13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it! 14. Let's buy now. 14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.
Balance at the end of the year:0
thats so true . hold has worked for me so far
|
|
|
|
|