jbreher
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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June 26, 2019, 05:52:19 PM |
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This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.
Wa-ha! Wo-ho! Proudhon makes a fateful appearance, telling us we r doing it rong. We can start going up in price now. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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UnDerDoG81
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Activity: 2179
Merit: 1201
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June 26, 2019, 05:58:27 PM |
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+$2000 in 24 hours. Looks like these are the normal jumps we have to get adapdet to. Just when $100-$200 jumps were normal 2-3 years ago.
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VanguardVale
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Activity: 66
Merit: 17
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June 26, 2019, 05:59:24 PM
Last edit: July 03, 2019, 01:44:43 AM by VanguardVale |
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Bitcoin broke the $12,000 level earlier today and has continued surging to trade at $13,252. Bitcoin gained over 16% on the day. Today, Bitcoin's market dominance climbed to over 60% for the first time since April 2017. Its recent rally has caused a stir in the crypto community wherein some of its players have made predictions on its further price dynamics. BTC prices could match its all-time high of $20,000 within the next two weeks and could hit $50,000 or $100,000 by the end of the year.
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El duderino_
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Activity: 2506
Merit: 12076
BTC + Crossfit, living life.
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June 26, 2019, 06:00:57 PM |
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@bitebits, read PM  |
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Raja_MBZ
Legendary
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Activity: 1862
Merit: 1505
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June 26, 2019, 06:03:59 PM |
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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June 26, 2019, 06:05:18 PM |
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I wonder how those who blamed bitcoin's drop in dominance on blocksize will care to explain its resurgence?
The transaction backlog is not yet increasing exponentially. When the FOMO starts in earnest, Blockalypse II will be upon us. We'll talk again at that time. |
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jojo69
Legendary
 Online
Activity: 3164
Merit: 4345
diamond-handed zealot
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June 26, 2019, 06:08:24 PM |
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@bitebits, read PM Have you checked when they last logged on? Not everyone is like us... |
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LFC_Bitcoin
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Activity: 3528
Merit: 9552
#1 VIP Crypto Casino
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June 26, 2019, 06:09:21 PM |
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Dunno if I agree with us being in a bubble. I haven’t seen bitcoin on mainstream news, nobody is talking about it, we’re not close to the ATH. I’m hoping this is going to be ok. |
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serveria.com
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Activity: 2240
Merit: 1172
Privacy Servers. Since 2009.
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June 26, 2019, 06:19:03 PM |
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I refreshed coinmarketcap and see Bitcoin way above $13k....what the heck!!!!!
Seems cool, but it will be below $10k again, and eventually below $1k again. We probably won't ever see the price above $15k, and almost certainly it will never create new ATHs. There are too many confirmed problems with bitcoin as I have verified over the years. China, Russia, and now Facebook, make it a near certainty. Shorting is wise, but not with too much leverage because bitcoin is unstable enough that random and irrational movements can wipe you out, but the downtrend to zero is definitely still on track if you just look at the data. Y lol i want some of what you are smoking!! :-D Cmon gembitz vs proudhon epic fight lol!  |
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FrodoBagHolder
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Activity: 26
Merit: 4
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June 26, 2019, 06:20:13 PM Merited by JayJuanGee (1) |
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Dunno if I agree with us being in a bubble. I haven’t seen bitcoin on mainstream news, nobody is talking about it, we’re not close to the ATH. I’m hoping this is going to be ok. Don't think we're even close to that level of mania we saw in 2017. Haven't heard a peep from people not already paying attention. This is going to be ok. |
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gembitz
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June 26, 2019, 06:21:45 PM |
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I refreshed coinmarketcap and see Bitcoin way above $13k....what the heck!!!!!
Seems cool, but it will be below $10k again, and eventually below $1k again. We probably won't ever see the price above $15k, and almost certainly it will never create new ATHs. There are too many confirmed problems with bitcoin as I have verified over the years. China, Russia, and now Facebook, make it a near certainty. Shorting is wise, but not with too much leverage because bitcoin is unstable enough that random and irrational movements can wipe you out, but the downtrend to zero is definitely still on track if you just look at the data. Y lol i want some of what you are smoking!! :-D Cmon gembitz vs proudhon epic fight lol! bitcoin is instantly heading up to 15K++  weeeeeeee  |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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June 26, 2019, 06:24:49 PM |
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 1 last hurdle at 13880 then the sky's the limit  |
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Biodom
Legendary
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Activity: 3752
Merit: 3869
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June 26, 2019, 06:27:28 PM |
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Ahem...we pierced 61.8 Fib retracement, next stop 78.6%.
Not sure if to calculate from just the top ($19780) or from the prior move (1160 to 19780=18620 points).
If the latter, then it is $15795; if the former, then $15547.
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jojo69
Legendary
Online
Activity: 3164
Merit: 4345
diamond-handed zealot
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June 26, 2019, 06:29:45 PM |
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vertigo sets in  |
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Biodom
Legendary
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Activity: 3752
Merit: 3869
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June 26, 2019, 06:33:45 PM |
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Why btc is going vertical?
Two possibilities:
1. We don't know something important.
2. We are being played.
I worry about the second, hoping for the first.
This is not something usual.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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June 26, 2019, 06:33:56 PM |
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yah yah fibs |
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arklan
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Activity: 1778
Merit: 1008
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June 26, 2019, 06:36:57 PM |
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i haven't been active here in months and only barely watching the crypto space - but the timing of facebook announcing libra and this spike i was really close from what i saw. i just assumed it was that.
have there been any other major news bombs this year? satoshi revealed? sha256 broken? something with quantum computing or other mining hardware news?
man i miss the mining... i wanna get back into it. only have like 50 something gigahash though... yes, giga. it's old stuff.
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jojo69
Legendary
Online
Activity: 3164
Merit: 4345
diamond-handed zealot
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June 26, 2019, 06:40:02 PM |
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man i miss the mining...
welcome back! I miss it too...in the winter in the summer, not so much |
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