Phil_S
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Merit: 1521
We choose to go to the moon
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July 24, 2018, 10:39:17 AM |
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hello $8100 at this point, micgoossens, you should disqualify everyone from the game whose bet is 4-digits, haha. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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soullyG
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July 24, 2018, 10:58:46 AM |
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Is that a dildo in your pocket or are you just happy to see me?
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LFC_Bitcoin
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Activity: 3654
Merit: 10142
#1 VIP Crypto Casino
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July 24, 2018, 11:00:44 AM |
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Seems a lot happier in here. Long may it continue. Where are the $2000 - $4000 predictions now hey? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia0.giphy.com%2Fmedia%2F2IsUUBEO7q704%2Fgiphy.gif&t=665&c=HT-DDCtJtHe7tA)
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somac.
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Activity: 2104
Merit: 1237
Never selling
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July 24, 2018, 11:07:40 AM |
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It looks like Bitcoin is doing a bit better, we have been down to the 5000s twice and bounced, and another time at 6400 and bounced. So, it does seem like that price area could be a (hopefully the) bottom. This last bounce seems a little different to me though then the previous 2, the reason I'm thinking it is different is the Yuan.
When I look back at the 2015/16 charts I wonder why did the price start going up at that time frame. I'm guessing because most of the panic sellers had left and only the true believers remained, also the upcoming halving, and a few other things. But, what sparked the interest from the new buyers? I'm thinking it might of been the devaluation in the Yuan that started substantially in 2015/16.
If this is the case, we could be seeing the same thing now. If you haven't been watching the value of Yuan lately it has been taking, somewhat of a dump, and during this time Bitcoin bottomed for a third time and is now back up to 8000.
Does anyone here think that Bitcoin is still having a large influence from the Chinese?
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BitcoinBunny
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Activity: 1540
Merit: 2766
Far, Far, Far Right Thug
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July 24, 2018, 11:12:13 AM |
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Good to see a leg up. It's been a while it seems. I think the second half of the year, much like last year will be mostly bullish. Perhaps a new ATH. We will see.
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mymenace
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Activity: 1596
Merit: 1061
Smile
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July 24, 2018, 11:20:55 AM Last edit: July 24, 2018, 11:33:15 AM by mymenace |
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It looks like Bitcoin is doing a bit better, we have been down to the 5000s twice and bounced, and another time at 6400 and bounced. So, it does seem like that price area could be a (hopefully the) bottom. This last bounce seems a little different to me though then the previous 2, the reason I'm thinking it is different is the Yuan.
When I look back at the 2015/16 charts I wonder why did the price start going up at that time frame. I'm guessing because most of the panic sellers had left and only the true believers remained, also the upcoming halving, and a few other things. But, what sparked the interest from the new buyers? I'm thinking it might of been the devaluation in the Yuan that started substantially in 2015/16.
If this is the case, we could be seeing the same thing now. If you haven't been watching the value of Yuan lately it has been taking, somewhat of a dump, and during this time Bitcoin bottomed for a third time and is now back up to 8000.
Does anyone here think that Bitcoin is still having a large influence from the Chinese?
Nope not really Nor the multiple other times it was debated actually ever since 2013 bitcoin looks like this for me ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.redd.it%2Fku4604ll40tz.gif&t=665&c=AnS-EhEUG4IOYg) Would you believe me if I told you it was Gavin, Craig and Roger, paid shills and associates selling of coins in that 2014/2015 bear market and their new projects started up in 2015/16. Roger knows Mark who knows the Japanese Finance minister who knows Jamie Dimon https://www.reddit.com/r/btc/comments/71xpzg/roger_ver_makes_jamie_dimon_an_offer_he_cant/not yet
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vapourminer
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Activity: 4452
Merit: 3924
what is this "brake pedal" you speak of?
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July 24, 2018, 11:30:08 AM |
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interesting article. thanks. so i may have the option of taking tax money that otherwise would be paid to the government and more or less wasted and instead pick my own areas and technologies to invest it in instead. and it helps the little guys. im in. although it sounds too good to be true to be honest. and its new and untested. never had a problem with new and untested things before, as long as i can figure risk/reward ratios fairly well.
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bitcoinPsycho
Legendary
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Activity: 2590
Merit: 2322
$120000 in 2024 Confirmed
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July 24, 2018, 11:37:46 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FsNx8pfN.gif&t=665&c=wOm4xMSyebvzVg) we progress
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bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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July 24, 2018, 11:40:20 AM |
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Dude has decided he's going to ragequit his job if/when BTC hits $20k USD.
Dude, WTF?!?!!? Oh relax. Nothing wrong with some healthy skepticism. Can't go losing our heads yet over a nice couple day run. When it hits $20k, you can spam my mailbox all day with "Neeneer Neener Told you so !!!", mkay ? ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif) Deal ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
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somac.
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Activity: 2104
Merit: 1237
Never selling
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July 24, 2018, 11:45:54 AM Merited by JayJuanGee (1) |
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Well I believe Roger and Craig are fuckwits, so they could of contributed, but that was a big bubble so no doubt the bear market had a lot of contributors. Why do you rule the Chinese out as buyers though? I am not saying they are solely responsible and I know that the Chinese control the market is pure bullshit. But, that doesn't mean they can't contribute to these things. The Chinese obviously have a lot of money and if you look at the worlds housing markets you can see that they are very keen to get their money out of China. Despite the capital controls they are still able to do this with ease I might add. So, why wouldn't they be trying to escape a devaluing currency? that's what I'm doing with Bitcoin.
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mymenace
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Smile
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July 24, 2018, 11:52:44 AM |
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Well I believe Roger and Craig are fuckwits, so they could of contributed, but that was a big bubble so no doubt the bear market had a lot of contributors. Why do you rule the Chinese out as buyers though? I am not saying they are solely responsible and I know that the Chinese control the market is pure bullshit. But, that doesn't mean they can't contribute to these things. The Chinese obviously have a lot of money and if you look at the worlds housing markets you can see that they are very keen to get their money out of China. Despite the capital controls they are still able to do this with ease I might add. So, why wouldn't they be trying to escape a devaluing currency? that's what I'm doing with Bitcoin. The Chinese work as decentralized large nodes competing against each other great for bitcoin Everybody confuses it with One entity, whereas though I am sure the state gets something Whats scary is when you start hearing of miners being paid off and corrupted to switch bitcoin to BCH, but thats only a rumour
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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July 24, 2018, 11:52:53 AM |
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Oh cock.
When you haven’t looked at the price for an hour and you open your phone and it’s gone up by $200.
I remember that feeling.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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July 24, 2018, 11:56:48 AM |
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Indeed. I woke up early this morning, watched the buy/sell right around 8,000 (with a 8 coin wall to boot) then fell asleep. Open my eyes again, more money!
I like this.
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fragout
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July 24, 2018, 12:02:14 PM |
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A few hundred more and then a pullback to $8K + would be ok right now.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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July 24, 2018, 12:06:21 PM |
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Next resistance point is around $8500 from memory.
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Torque
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July 24, 2018, 12:11:05 PM |
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Well I believe Roger and Craig are fuckwits, so they could of contributed, but that was a big bubble so no doubt the bear market had a lot of contributors. Why do you rule the Chinese out as buyers though? I am not saying they are solely responsible and I know that the Chinese control the market is pure bullshit. But, that doesn't mean they can't contribute to these things. The Chinese obviously have a lot of money and if you look at the worlds housing markets you can see that they are very keen to get their money out of China. Despite the capital controls they are still able to do this with ease I might add. So, why wouldn't they be trying to escape a devaluing currency? that's what I'm doing with Bitcoin. The 2013 bubble run ups happened almost exclusively due to the Chinese exchanges driving it, they had a super small market to work with, thin float (low liquidity), and massive amounts of leverage (X1000) going on at the time. That's why the volatility was so high. The massive leverage was the key, and a lot of that leverage was likely naked long/short. All fingers point to the Chinese exchange owners themselves and their super rich whale trader friends running the game. Who else could back that shit but the insider traders themselves? Of course they had to have accounts on Mt. Gox and some other exchanges as well to help control things. But it's clear the game was largely over for the Chinese when the PBoC first shut down leverage, demanded transparent accounts and reporting, and then shut down the exchanges. That kind of out of control volatility wouldn't happen the same today (without Bitcoin derivatives that is) because the Bitcoin market is so big now, so many exchanges now so the loss of control, and that kind of massive leverage just not available anymore.
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LFC_Bitcoin
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July 24, 2018, 12:12:52 PM |
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Forgot what this feels like. Green dildos everywhere ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fimage.ibb.co%2FihTkR8%2F0006_D9_FC_8_F8_F_4557_B26_A_247_DA6_F1_BB48.jpg&t=665&c=1X7w9htO4HvA0A)
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somac.
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Never selling
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July 24, 2018, 12:13:59 PM |
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Forgot what this feels like. Green dildos everywhere ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fimage.ibb.co%2FihTkR8%2F0006_D9_FC_8_F8_F_4557_B26_A_247_DA6_F1_BB48.jpg&t=665&c=1X7w9htO4HvA0A) yeah bit of FOMO going on I think.
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bitserve
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Self made HODLER ✓
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July 24, 2018, 12:14:10 PM |
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Fine... but we are still poor.
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bitserve
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Self made HODLER ✓
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July 24, 2018, 12:16:41 PM |
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