Ludwig Von
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February 01, 2018, 07:09:48 PM |
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So if we rhyme with 2014 we go to $7k in next two weeks, have a quick rally to 11.5-12k before going back into bear mode and closing the year around $2.5k, from there recovery can begin with potential for New ATH in late 2020. Same multiple increase from 1/15 low to 12/17 high. Would give us a circa $320k high in 12/21 (EDIT). See you all in three years.
We have quite a different set of scenarios than we had in 2014 - so it is a bit more difficult to suggest that currently we are on the path of BTC price performance that is analogous to 2014... you could be correct, but I don't think that the 2014 scenario quite applies to our current BTC situation A more likely scenario that I could see would be that we are in a kind of 2013 scenario, where the first rise in BTC prices is followed by a drop and then another rise in BTC prices. Accordingly, we have achieved our first BTC price rise when prices went from $250 to $19,666. Yet, these kind of analogies do not quite apply with any kind of exactness, so perhaps we would need to project our bouncing upwards point as starting at either $1k in early 2017 or more likely $2,600 starting off in August 2017, because I cannot see reasonable scenarios, in this particular seemingly ongoing Bull market that BTC prices are going below $5k (before we go back up), except perhaps a spike below $5k. If we end up going below $5k for any kind of substantial time (other than a spike), then certainly my tune (and assessment) would change, and I would thereafter consider that we are actually in a bear market as you suggest - but we cannot call a bear market merely because we are in about a 6 week price correction.. that is way too premature, even if you end up being correct about the ultimate playing out of the situation. I will agree with you that if we substantially break $5k this time around, then $2.5k would likely be a next area of support and at that point, we would be in a bear market that is potentially extended out, like the one in 2014. In this case, I think that the more likely scenario is a floor that is $7 or $8k, and perhaps a spike down to $5k or $6k, and we would still remain in a bull market with a decently long price correction. It does seem that a decent amount of support has been broken in the $10k territory, yet I still consider there is going to continue to be support for buying in the 4 digits, so if the price goes down, it is going to have to be on continued and ongoing volume and there is going to continue to be decent levels of support that continues all the way down to $7500. The 8500-7500 USD floor is what also ML seems to think. And I am also going from that as a premisse.
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realr0ach
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February 01, 2018, 07:11:21 PM |
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JayJuanGee, it was all over at this moment. You shoulda just set all your money on fire the second this happened: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FQSb0gYQ.gif&t=665&c=uFhrxibnPisUfg)
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Lopumbo
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February 01, 2018, 07:17:51 PM |
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*boom*
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Nosk
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February 01, 2018, 07:18:38 PM |
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Who the f.ck is selling sub 9k Oo Makes no sense to me
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SidETH
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February 01, 2018, 07:22:55 PM |
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Who the f.ck is selling sub 9k Oo Makes no sense to me
Why not? Makes me feel more comfortable. Bought initially at 2k, sell at 9k. See it dip to 5k. Go all-in again. See rise to 20k. Should have sold at 20k, but ah well. Win some, lose some.
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realr0ach
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February 01, 2018, 07:24:13 PM |
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*boom*
ALL exchanges crumbling with no buy support yet SCAMFINEX IS STILL conjuring infinite money out of thin air to put up big walls. I see nobody wants to address this issue at all, that the most shady exchange in bitcoin that exists magically has infinite amounts of money originating from a single trader. How obvious is Bitfinex going to make this scam?
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JayJuanGee
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February 01, 2018, 07:26:31 PM |
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This might be the last shake. Down to ~8.5k probably.
You going to have any buy orders below $8.5k, just in case? Of course, my just above $9k buy orders have filled, and I have buy orders just above $8k, and further down every thousand dollars. We know that the further down we go, the more possible it becomes that we could go down further, but at that same time, at some point this is going to reverse. Maybe currently my $8k buy orders have around a 50/50 chance of filling? Perhaps? Even though before my $9k buy orders had filled, I would have probably concluded my $8k buy orders of having less than a 50% chance of filling (in other words, the odds for down has certainly gone up, especially as dumps continue to occur). I prefer that prices go up, but I set my Buy orders in such a way that I feel like I am accumulating a decent amount of BTC, so I don't mind doing that in the event that BTC prices keep going down (a bit beyond my expectations, I might repetitiously add).
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Last of the V8s
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Be a bank
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February 01, 2018, 07:27:03 PM |
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Traxo
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February 01, 2018, 07:31:55 PM |
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realr0ach
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February 01, 2018, 07:42:06 PM |
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The only plausible explanation for what's going on at Bitfinex right now (because bid support is far too high compared to other exchanges) is they're either a flat out Gox scam printing infinite money, or someone like the Winklevoss who are sitting on 200,000 illiquid asset coins they can't even sell want to try and prop up the price but they have no intention of spending a cent to try and do so, so they send all their coins to Bitfinex and use it as margin collateral to constantly put up support wall after wall that gets dumped on. Using an illiquid asset you can't even sell without imploding the entire market as collateral would make the whole thing a giant pump and dump scam anyway, though.
Gox scam vs leveraged illiquid asset pump and dump scam. Take your pick.
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podyx
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February 01, 2018, 07:51:16 PM |
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Lopumbo
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February 01, 2018, 07:51:40 PM |
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haha 600 buy wall disappeared ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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toknormal
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February 01, 2018, 07:53:55 PM |
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Gox scam vs leveraged illiquid asset pump and dump scam. Take your pick. I'll take flat out Gox scam. Wouldn't be much point in the Winkies doing that on only 1 exchange.
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FractalUniverse
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February 01, 2018, 07:56:27 PM |
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big volume around 9k on finex. this will be interesting whether it can hold or not
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Lopumbo
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February 01, 2018, 07:57:42 PM |
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big volume around 9k on finex. this will be interesting whether it can hold or not
bs thats likely fraud...you can even buy it on binance cheaper with tether i just watched the exchange and it just haltet at 9000$ with amount: 0
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toknormal
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February 01, 2018, 07:58:55 PM |
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I think the idea of "Guvs" and big banks was to buy up all know bitcoin in sight during the last 8 months of 2017, drive the price up to kingdom come and then slam the market into the ground in attempt to destroy confidence in bitcoin as an asset.
They had to do that to avoid the worldwide debt bubble being "pricked" by bitcoin.
May or may not work.
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FractalUniverse
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February 01, 2018, 08:01:23 PM |
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big volume around 9k on finex. this will be interesting whether it can hold or not
bs thats likely fraud...you can even buy it on binance cheaper with tether i just watched the exchange and it just haltet at 9000$ with amount: 0 the question is which exchange will lead the drop or start of the rally. anyway, the levels im watching besides 9k.: 8800 as even larger support, and ~9250 resistence
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Lopumbo
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February 01, 2018, 08:02:46 PM |
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the real cash exchanges lead the drop GAX and bitstamp: 8700$, kraken: 6900€
but there's likely some arbitrage going on between all of them, look at the tether-bot at kraken, its the biggest scam in crypto ever, and its unfolding
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toknormal
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February 01, 2018, 08:04:48 PM |
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$7500 is the big support level. The bubble started around $8200.
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