Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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February 05, 2018, 11:27:31 PM |
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The price will probably stick at $6666 for a while.
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RayX12
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February 05, 2018, 11:27:46 PM |
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Who sold at the bottom?
We don't know that yet...  I bet Jaimie Diamond was buying! |
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the artful bodger
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February 05, 2018, 11:28:31 PM |
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pessimist
No, my friend. Realist. When people are telling me their 16 year old nephews are making easy money trading crypto, it means the market is way overbought. On a less depressing note, the bitcoinity all time charts show bitcoin is up by +138258% today. |
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User705
Legendary
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Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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February 05, 2018, 11:29:31 PM |
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I see everyone keeps looking for news or blaming some FUD or the other for bitcoin's price drop.
If this was about something having to do with bitcoin you would see the bitcoin price drop and alts remaining fairly stable.
This is about major market sentiment. A cycle that has been seen throughout history and repeated itself once again. Big money moved in, the price started to climb so everyone and their brother started buying so they could get those sweet 1000% gains that they were promised. Then we topped out and the price started going down. This is not what we were promised!?! I was supposed to be able to retire by buying bitcoins at $10k! What's happening!?! I better get out of this thing I have no clue about quickly! Sell! Sell! Sell!
The weak hands that have no clue will leave. But the big money will stay. They like volatility. We just fed the Wall Street beast the money of a bunch of ignorant n00bs and they will want more. They will play the market. They will get their money.
That is why we hodl. We understand that we cannot time the market. We do not spend every minute of every day watching the patterns and charts and use our hundreds of millions to move the market. We sit back and let others do that for us and we hold out.
All of my friends thought I was smart for buying so early. The smart part was not buying early, but not selling when the market was scary.
This is well said but there’s also something to be said about being smart and trading at major inflection points or when BTC gets significantly above or below fundamentals ie production costs. Above 10k old miners were being turned on. Probably a good time to get some fiat. If we get to low single K miners will start getting turned off. That’s probably a good time to load up. But trying to catch a falling knife now is pretty risky. But buying back coins sold in high teens is probably a good idea now. |
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rafanadal
Member
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Activity: 368
Merit: 31
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February 05, 2018, 11:32:12 PM |
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The price will probably stick at $6666 for a while.
no, maybe at 5000 |
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cmacwuz
Member
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Activity: 66
Merit: 51
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February 05, 2018, 11:33:17 PM |
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So anyone else in the camp thinking this is the final up-down before the bigger bubble cycle (see May 2013)? Since we endured a long bear market, I have a feeling that with greater market inertia, we end up having features that are longer in time.
In any case, I don't see myself regretting holding in 2 years time. Of course I could have timed so as to increase by BTC holdings 5x during this cycle, but after this exposure I don't see a prolonged bear market coming until a major technical/political issue erupts to hurt crypto.
I'm young, fuck the USD, fuck the gov't. Good luck to everyone and may the bottom bounce like a golfball on an ice rink
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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February 05, 2018, 11:38:04 PM |
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I want to know Roger's feeling now.
BitcoinCash = 500$
$875 where I'm tarding |
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Nosk
Member
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Activity: 140
Merit: 35
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February 05, 2018, 11:39:23 PM |
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I think I found the safest way to hodl.  |
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gembitz
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February 05, 2018, 11:40:21 PM |
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I want to know Roger's feeling now.
BitcoinCash = 500$
$875 where I'm tarding 50 cent?  weee |
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Bitcoinaire
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February 05, 2018, 11:50:06 PM |
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The price will probably stick at $6666 for a while.
Dang, just like 2014 but with an extra 6........... |
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greensheep
Member
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Activity: 278
Merit: 44
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February 05, 2018, 11:50:24 PM |
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The price will probably stick at $6666 for a while.
Seems like floating around 6800, trying to go higher, but stable Curious what tomorrow will bring, hope there is some good news from that American governement meetup. |
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lightfoot
Legendary
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Activity: 3108
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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February 05, 2018, 11:52:36 PM |
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I think the meetup has been postponed till the 14th. Bummer.
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User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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February 05, 2018, 11:53:38 PM |
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The price will probably stick at $6666 for a while.
Seems like floating around 6800, trying to go higher, but stable Curious what tomorrow will bring, hope there is some good news from that American governement meetup. Wow sad satate of bitcoin to hope for good news from US gov. |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 05, 2018, 11:53:44 PM |
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The price will probably stick at $6666 for a while.
Seems like floating around 6800, trying to go higher, but stable Curious what tomorrow will bring, hope there is some good news from that American governement meetup. The text of the testimony has been released. It is largely ok. Basically scams need to be stamped on but the securities regulator does not want to stop innovation. |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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February 05, 2018, 11:57:22 PM |
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megadeth
Sr. Member
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Activity: 289
Merit: 252
bagholder since 2013
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February 06, 2018, 12:00:58 AM |
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Multi year bear ?  |
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Nosk
Member
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Activity: 140
Merit: 35
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February 06, 2018, 12:09:24 AM |
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I was just about to push the sell button when suddenly, +200€. Come on, fly again ! ...please !
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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February 06, 2018, 12:11:11 AM |
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The price will probably stick at $6666 for a while.
Dang, just like 2014 but with an extra 6........... 6666 is way to oversold for it to settle there right now. first will have to be a bounce to 12K and then another decline to well below 6K, before it settles at 6666. Keep in mind the ATH in 2013 was 1200, not 2000. |
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fabiorem
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February 06, 2018, 12:14:37 AM |
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6666 is way to oversold for it to settle there right now. first will have to be a bounce to 12K and then another decline to well below 6K, before it settles at 6666. Keep in mind the ATH in 2013 was 1200, not 2000.
So much blood, so much sacrifices... when Karhu will be appeased? |
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RoomBot
Legendary
Offline
Activity: 2268
Merit: 1123
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February 06, 2018, 12:15:09 AM |
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The price will probably stick at $6666 for a while.
Dang, just like 2014 but with an extra 6........... 6666 is way to oversold for it to settle there right now. first will have to be a bounce to 12K and then another decline to well below 6K, before it settles at 6666. Keep in mind the ATH in 2013 was 1200, not 2000. Only at GOX. BTC never went over $1100 in USA / European Exchanges |
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