New down trend. $1000 definitively broken.

[maker88]

Today we've permanently broken the $1000 barrier and are staying under it.
It seems a new down trend has been set for the foreseeable

Permanently lol. How many coins you wanna bet were back at 1001 within a week?

Guess I was too cautious with that bet, back to 1000 within 24 hours lol. If it walks like a duck and quacks like a duck, it's probably as dumb as a duck and can't give sound financial advice.

[1714630783]

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[cellard]

Today we've permanently broken the $1000 barrier and are staying under it.
It seems a new down trend has been set for the foreseeable

Permanently lol. How many coins you wanna bet were back at 1001 within a week?

Guess I was too cautious with that bet, back to 1000 within 24 hours lol. If it walks like a duck and quacks like a duck, it's probably as dumb as a duck and can't give sound financial advice.

Kwukduck never fails to deliver. The guy is a comedy genius. He keeps getting proven wrong by bitcoin within hours but he keeps trying. "I'll keep trying until I get it right then consider myself a visionary". That's what he is doing.

Meanwhile, bitcoin is back to $1010 dollars, another big fail for the duck.

[CyberKuro]

Today we've permanently broken the $1000 barrier and are staying under it.
~

permanently in kwukduck language means less than 24 hours!
as i am writing this price is $1017 on bitfinex.

things are going to be this way for a while and there is no permanently neither for rising nor for dropping. after this has ended, we will see $1100 but it may take a couple of weeks at least.

I agree with you. It won't be at $1100 until the end of this month. It is the shortest of the year so it isn't too long now.
There is only good things coming in the foreseeable future for the US atleast.
I do not know about China though.
Things don't look to good for their economic view with their Yuan and even bitcoin is looking bad investment for them for their exchanges are getting audited and taxed the hell out of them by their government for all the years they weren't collect on them. Now they are collecting at a prorated amount for it which will sink the bitcoin ship for them there.

Less than 24 hours ya, bitcoin seems won't move too far from the $1000 level.
People still have to be patient and waiting for regulations about exchanges and all of issues finished in some countries, on the other hand, we have Japan, US, UK and Europe support bitcoin environment and keep it stable for now, just be ready for ETF.

[mtwelve]

While we are back to above $1000, shorts are reaching record highs on Bitfinex, which certainly doesn't instill confidence. I don't think anything will come out of it unless some sort of catalyst triggers a movement.

[kwukduck]

My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.

[rjclarke2000]

My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.

I do agree with this but only if the ETF doesn't happen. Then I think it'll be bad news.

[CyberKuro]

My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.

I do agree with this but only if the ETF doesn't happen. Then I think it'll be bad news.

Nope, we're doing so well until these days without ETF, the price may drop for a while but we will moving forward and bitcoin rise again.
Even though ETF not approved by SEC, does not mean the end of bitcoin, just another obstacle. But, bitcoiners still hoping they will accept it, hopefully.

[cryp24x]

My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.

I do agree with this but only if the ETF doesn't happen. Then I think it'll be bad news.

Nope, we're doing so well until these days without ETF, the price may drop for a while but we will moving forward and bitcoin rise again.
Even though ETF not approved by SEC, does not mean the end of bitcoin, just another obstacle. But, bitcoiners still hoping they will accept it, hopefully.

I agree Bitcoin is doing fine atm at 1000 USD, and if ever ETF is approved, we can see another rally and spike of price.  Possible a new bubble will form, but if ETF is rejected somehow the price will be affected and maybe it will go back to sub $1000 but will  recover fast.

[mtwelve]

I'm just going to hold/accumulate Bitcoin right now, too uncertain to do anything else. The small amount of volatility is not worth people besides day traders doing short or long margin calls, in my opinion. I definitely think lower prices are going to be retested, in anticipation for the ETF.

[Benchman]

+1.

I have some dollars on exchange and i will probably wait for price drop during March but before ETF.

For now, say $880-900 is my target.

[mtwelve]

+1.

I have some dollars on exchange and i will probably wait for price drop during March but before ETF.

For now, say $880-900 is my target.

You think it's going to drop that low? Just a feeling or you have any indications it might drop that low?

[Benchman]

Just a feeling. When xxx people think about rocket rise, i'm preparing $$$ for opposite of scenario.

It's not that low, just 10% of the curent price. In Crypto world, it's nothing.

[pooya87]

Today we've permanently broken the $1000 barrier and are staying under it.
~

permanently in kwukduck language means less than 24 hours!
as i am writing this price is $1017 on bitfinex.

things are going to be this way for a while and there is no permanently neither for rising nor for dropping. after this has ended, we will see $1100 but it may take a couple of weeks at least.

I agree with you. It won't be at $1100 until the end of this month. It is the shortest of the year so it isn't too long now.
There is only good things coming in the foreseeable future for the US atleast.
I do not know about China though.
Things don't look to good for their economic view with their Yuan and even bitcoin is looking bad investment for them for their exchanges are getting audited and taxed the hell out of them by their government for all the years they weren't collect on them. Now they are collecting at a prorated amount for it which will sink the bitcoin ship for them there.

the Chinese trading volumes are still pretty high. i can even say it is even higher than before, they are doing their trades through other channels mostly OTC trading. go check localbitcoins for China and see the huge volume change and the price on localbitcoins is always much higher.

My prediction was wrong, ~

i can't believe that i lived to see these words coming out of kwukduck ! and that is after all these years of saying "price will crash to $200"

was kwukduck account hacked

[smoothie]

My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.

Let's take a trip down memory lane (2011)...

So what if bitcoins become expensive? it won't be at all like giving all your money to the early adopters, you give some early adopter 1000$ he gives you a bitcoin, you purchase goods or services worth 1000$ using that bitcoin or trade it back whenever you see fit... you don't lose anything by it and early adapters gain some wealth, a very few maybe a lot, so what, nothing compared to govt institutions...

Price is $1010 currently.

[STT]

If most trade is done in Yuan on a global basis, its surprising we dont even mention briefly the price level for that currency only the dollar counts.   Maybe even Euro is relevant as it is the second largest currency in the world.  
$1000 should be mostly a psychological level to beat or to stay above, that is partly why Im bullish.  I think most people are waiting for some significance just due to three digits becoming four and there really is nothing special about his area.  

 Dollar itself has varied in its true value since bitcoin was last 1000, FED operates QE every day and the amount of dollars circulated increases far more then bitcoin gives out new coins   (QE stops circulation also since FED is in effect another arm of government, but like headline and effective inflation operate without direct link I think dollar becomes weaker from QE)

[mtwelve]

Just a feeling. When xxx people think about rocket rise, i'm preparing $$$ for opposite of scenario.

It's not that low, just 10% of the curent price. In Crypto world, it's nothing.

10% decrease for Bitcoin is a big deal. Not as catastrophic as the dump from near $1200 to $750, but 10% (~$100) decrease in a short period of time is nothing to scoff at. For smaller altcoins, 10% is considered daily volatility, but is definitely considered a trend reversal in Bitcoin.

[mtwelve]

If most trade is done in Yuan on a global basis, its surprising we dont even mention briefly the price level for that currency only the dollar counts.   Maybe even Euro is relevant as it is the second largest currency in the world.  
$1000 should be mostly a psychological level to beat or to stay above, that is partly why Im bullish.  I think most people are waiting for some significance just due to three digits becoming four and there really is nothing special about his area.  

 Dollar itself has varied in its true value since bitcoin was last 1000, FED operates QE every day and the amount of dollars circulated increases far more then bitcoin gives out new coins   (QE stops circulation also since FED is in effect another arm of government, but like headline and effective inflation operate without direct link I think dollar becomes weaker from QE)

It seems USD volume has overtaken Yuan since the crack down from the PBOC. A lot of money seems to be flowing into JPY also, so I think China's influence on Bitcoin is weakening due to these two factors. I don't think Euro being the "second largest in the world" is relevant, as the size of a currency doesn't really affect Bitcoin. Just if that currency is being used to trade against Bitcoin.

With that being said, it does seem we're holding steady above $1000, and we might retest higher levels, but I still remain cautiously optimistic.

[Zadicar]

Just a feeling. When xxx people think about rocket rise, i'm preparing $$$ for opposite of scenario.

It's not that low, just 10% of the curent price. In Crypto world, it's nothing.

10% decrease for Bitcoin is a big deal. Not as catastrophic as the dump from near $1200 to $750, but 10% (~$100) decrease in a short period of time is nothing to scoff at. For smaller altcoins, 10% is considered daily volatility, but is definitely considered a trend reversal in Bitcoin.

-10% in bitcoin price decrease does really matter because it can be already consider a huge pricedrop on bitcoin price that we don't see on a normal day it doesn't like alts which volatility is very high and now seeing the price of bitcoin it gradually increases again after the sudden price decrease.

[btc-facebook]

At least bitcoin still stay on $ 1000 range , means many investor still hold bitcoin !
It's just a matter of time when bitcoin value getting increase

[mundang]

China has a big influence or part on the price of bitcoin by now. We can say that china can manipulate the price on thier will.
I hope they will drive the price to 2000$ before deciding to go down.