Torque
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Activity: 3542
Merit: 5039
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January 17, 2018, 12:11:01 PM |
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I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me
I think you'd be surprised how little money from retail investors was the cause of the actual rally during the month of Dec. The whale pump money probably outnumbered Average Joe money like 100:1. Which also means this isn't Average Joe panic selling, it is whale(s) shorting. |
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Every time a block is mined, a certain amount of BTC (called the
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luckygenough56
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Activity: 1526
Merit: 1012
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January 17, 2018, 12:15:04 PM |
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I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me
I think you'd be surprised how little money from retail investors was the cause of the actual rally during the month of Dec. The whale pump money probably outnumbered Average Joe money like 100:1. Which also means this isn't Average Joe panick selling, it is whale(s) shorting. Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces sorry for broken english |
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Torque
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Activity: 3542
Merit: 5039
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January 17, 2018, 12:19:19 PM |
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Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces
sorry for broken english
I disagree, millions of new accounts are being added every month to exchanges around the world. I guess that's tens of millions of people 'not in his right mind'. |
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BitcoinBunny
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Activity: 1442
Merit: 2493
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January 17, 2018, 12:29:16 PM |
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I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me
I think you'd be surprised how little money from retail investors was the cause of the actual rally during the month of Dec. The whale pump money probably outnumbered Average Joe money like 100:1. Which also means this isn't Average Joe panick selling, it is whale(s) shorting. Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces sorry for broken english Supply and demand. Plenty things have gone up in cost astronomically beyond inflation such as housing, tuition, healthcare and many IT stocks have gone up far more than that far quicker. Only precious metals such as gold and silver haven't gone up over the last 50 years when adjusted for inflation. Considering the word's population has doubled over that time that is a shockingly bad performance for something that is supposed to be "precious".  |
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lightfoot
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Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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January 17, 2018, 12:29:47 PM |
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Well transactions per second are down to three from over 140 a second last night. Which is good, should help with stability.
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jonoiv
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January 17, 2018, 12:33:00 PM |
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Is your real name NotLambChop? |
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degxtra1
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Activity: 228
Merit: 46
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January 17, 2018, 12:33:45 PM |
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 Pucker up, get rich quickers. Dear Sir, could you tell me which site is this screenshoot taken? Regards |
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Phil_S
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Activity: 2090
Merit: 1461
We choose to go to the moon
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January 17, 2018, 12:35:00 PM |
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Still going down
https://www.youtube.com/watch?v=MD5PiK14Gd8Seems the only place for me is underground So tomorrow when the sun goes up I'll be going down Going down Going down |
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bitcoinPsycho
Legendary
 Online
Activity: 2464
Merit: 2066
$120000 in 2024 Confirmed
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January 17, 2018, 12:35:48 PM |
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fabiorem
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January 17, 2018, 12:41:15 PM |
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I hope it stops at 8k.
But it can go to 5k, due to the noobs panicking. Just look at the other threads.
Never invest what you cannot lose. Never go all in. Always start with 5-15% of what you have.
Always hold it, until it matches what you want to buy with it, something expensive, like a sports car or a house.
And even when it matches what you want, dont sell it all, only a small part. Plan for dozens of cars or houses, not just one. Plan for a retirement.
Bitcoin critics are buying it at this moment. People like Dimon and Buffet are buying it. They dont need to understand the tech, they have clerks to take care of it.
The problem with these noobs is that they put all their money on it. Everything, their entire wages go to it. That's the recipe for disaster.
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Dotto
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Activity: 981
Merit: 1005
No maps for these territories
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January 17, 2018, 12:42:23 PM |
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Four digits, here we go
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fabiorem
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January 17, 2018, 12:44:31 PM |
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I thought it was 1776
He is celebrating the founding of the Royal Netherlands Navy, which was in 1488. |
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BitcoinBunny
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Activity: 1442
Merit: 2493
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January 17, 2018, 12:46:57 PM |
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I thought it was 1776
He is celebrating the founding of the Royal Netherlands Navy, which was in 1488. Nah he is celebrating the last time people gave a crap about "precious" metals. |
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Gyrsur
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Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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January 17, 2018, 12:50:56 PM |
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Nosk
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Activity: 140
Merit: 35
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January 17, 2018, 12:55:28 PM |
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Hello again 5 digits.
HODL
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Flamaicon
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Activity: 140
Merit: 13
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January 17, 2018, 01:00:11 PM |
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Hold
Hold
Always the same
Big profits coming
Just be patience.
A lot of money are wainting to join this market.
All marketcap down from 800 bilions to 480 bilions in one week, and will Pump to 1 trilion in one month.
Will you lost this oportunity?
Just wait and win $
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kurious
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Activity: 2590
Merit: 1643
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January 17, 2018, 01:00:57 PM |
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Is your real name NotLambChop? Nah, she wasn't a racist, deluded, self-proclaimed nazi. I actually never ignored her, either. I wish people woudln't quote him, it's not even as if it's relevant to the WO. I mean, PMs, really? Maybe a little in one's portfolio, sure - but what has it got to do with Bitcoin, other than a metric of stored value to overtake? |
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Torque
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Activity: 3542
Merit: 5039
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January 17, 2018, 01:09:44 PM
Last edit: January 17, 2018, 01:23:05 PM by Torque |
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Nah, she wasn't a racist, deluded, self-proclaimed nazi. I actually never ignored her, either.
And he wasn't a 'she' either. You guys don't actually believe what these troll accounts say, do you? |
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kurious
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Activity: 2590
Merit: 1643
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January 17, 2018, 01:15:16 PM |
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Nah, she wasn't a racist, deluded, self-proclaimed nazi. I actually never ignored her, either.
And he wasn't a 'she' either. You guys don't actually believe these troll accounts say, do you? I thought she was outed as Isabella Kaminski, a journo who writes for the fringes of the FT - with a negative, but reasonably well-informed stance on crypto. Edit: NLC disappeared immediatley after this accusation was leveled. And to my knowledge she or he never mentioned NLC's gender. So to further answer, no, I do not believe a lot of what I hear on here, a lot of it is ill-informed and baseless. |
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