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gustav (OP)
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August 24, 2017, 04:27:33 AM
 #1

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?
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August 24, 2017, 04:50:23 AM
 #2

sorry bra the correction has already happened down to $3600 and the "hammer" of Thor is also visible after it Wink



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August 24, 2017, 05:17:52 AM
 #3

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

Well, this is just a natural cycle for Bitcoin. In fact, a lot of people are actually wishing that Bitcoin can dip a little so they can get in cheaper. Price corrections are a way for Bitcoin to avoid a big bubble which is not healthy at all. The market can always find anything that can be the reason why the value can go down but we have seen Bitcoin getting resilient all the time. Just hold on to your Bitcoin and you would be fine as the train is moving up.
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August 24, 2017, 05:42:37 AM
 #4

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

Right now, some people are worried about a fork with Segwit 2x. If that doesn't happen, the price could start rising again. We could say that with respect to Bitcoin, the market believes that no news is good news.  Grin
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August 24, 2017, 06:07:42 AM
 #5

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

Well, this is just a natural cycle for Bitcoin. In fact, a lot of people are actually wishing that Bitcoin can dip a little so they can get in cheaper. Price corrections are a way for Bitcoin to avoid a big bubble which is not healthy at all. The market can always find anything that can be the reason why the value can go down but we have seen Bitcoin getting resilient all the time. Just hold on to your Bitcoin and you would be fine as the train is moving up.

Yup, correction had happened when it went down to $3600 but now it has rebounded to $4100 so I think the Segwit activation is already price in. But let see, if  the steam will continue to the next stop of $4500. I also surmise that there are still new faces who want to enter whether if there is a dip or not. So likely that the price could go along the line of $4500-$5000.

I'm going to hold on I much as I can. I don't want to sell and regret it later when I see the price goes up. But sometimes its really hard when you see that your initial investment has already tripled or quadrupled.
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August 24, 2017, 06:08:40 AM
 #6

I also waited for a dump on the news. Never mind, it is nice seeing BTC rising strong but I guess there will be a minor down trend... when the excitement has worn off.

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August 24, 2017, 06:22:38 AM
 #7

The real question here is how long before Bitcoin can't be stopped on its exponential way high? Billions of fiat money found their way into crypto and we should already be over 10k per BTC.
I understand how they control the Gold market but I don't think they could do the same with bitcoin for long.

Time will tell
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August 24, 2017, 06:35:35 AM
 #8

The real question here is how long before Bitcoin can't be stopped on its exponential way high? Billions of fiat money found their way into crypto and we should already be over 10k per BTC.
I understand how they control the Gold market but I don't think they could do the same with bitcoin for long.

Time will tell

The same cartels that are manipulating the Gold price, might shift some of their Gold investments into Bitcoin and as Bitcoin whales, they could manipulate it's price too. This can be done with any commodity, if you dump enough fiat into it. The super rich can manipulate what they want, when they want to, if the market is small enough.

This might already be the case, because most Bitcoin owners are early investors and those coins are not in circulation. So the available bitcoins that shift market prices, can easily be manipulated on several exchanges.

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August 24, 2017, 07:17:02 AM
 #9

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

The thing that will fuel the hypetrain next is BTC staying strongly above 4k USD. I guess a lot of people sold on the way down from 4.4k USD in the hopes of a drop and buying back in later. Should no major drop happen those people will try to beat each other to the hypetrain before it's leaving again.

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August 24, 2017, 07:31:35 AM
 #10

it is probably already too late Wink
it usually is, the news always makes its effect when it comes out not when it actually happens and news came out a while ago and now it is the "due date" of that news. which means any kind of dump the news has already priced in and we are back to normal.

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August 24, 2017, 07:40:47 AM
 #11

I think we are safe now correction was at 3600, and someone tried to push price down, couple times without success, we can expect now uptrend. Why not, now when everything went fine and when Bitcoin showing strength. Crash didn't happen, as it was expected.  Grin   5000 here we comes!
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August 24, 2017, 08:24:48 AM
 #12

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

With crypto you just never know what's going to happen next. People thought that $2,000 is too high and were waiting for correction to buy the dip, than we suddenly got $3,000 after August 1st and people again wondered if it's the top, now we are at $4,000 and as always no one knows what will happen next. If you want to make educated guesses, you need to gather some information about upcoming events from miners, developers, major services.

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August 24, 2017, 10:18:46 AM
 #13

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

No dump imo. Why? Because weren't going parabolic to 6k+. Everything is priced in, the market knew SegWit was coming and in between the upwards movements which partially had been pretty steep, we saw regularly cool downs.
So imo the actual price is pretty fair and can not see any crazy dumping happening without any siginificant reason. The next thing we need to pay attention to will the 2x/NYA FUD and their coming fork in November. This will definitely influence and shake the market again.
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August 24, 2017, 10:22:48 AM
 #14

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

The actual cool stuff that Segwit is reputed to deliver?
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August 24, 2017, 12:03:46 PM
 #15

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

Well, this is just a natural cycle for Bitcoin. In fact, a lot of people are actually wishing that Bitcoin can dip a little so they can get in cheaper. Price corrections are a way for Bitcoin to avoid a big bubble which is not healthy at all. The market can always find anything that can be the reason why the value can go down but we have seen Bitcoin getting resilient all the time. Just hold on to your Bitcoin and you would be fine as the train is moving up.
Right. But you know what if it happens when there's a bit dip, do you think many people will buy? What would happen if it goes cheaper? As I've noticed it's been increasing every now and then so I guess the best thing to do is you trade your bitcoin first before it dumps to a lower value. Normally, we see bitcoin as a circulating moment it's either on top or at the bottom cycle, it's still goes back to its normal track wherein the value rises and the rest will follow. This will still be useful in any modes of value that it has to offer in the market.

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August 24, 2017, 12:07:58 PM
 #16

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

No dump imo. Why? Because weren't going parabolic to 6k+. Everything is priced in, the market knew SegWit was coming and in between the upwards movements which partially had been pretty steep, we saw regularly cool downs.
So imo the actual price is pretty fair and can not see any crazy dumping happening without any siginificant reason. The next thing we need to pay attention to will the 2x/NYA FUD and their coming fork in November. This will definitely influence and shake the market again.
I already accustomed to such jumps. This year there is certainly a lot, but I always keep calm and after the fall of bitcoin always rewards its supporters by raising prices. People are to blame for the fact that bitcoin has become an object for speculation.
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August 24, 2017, 01:20:51 PM
 #17

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

No dump imo. Why? Because weren't going parabolic to 6k+. Everything is priced in, the market knew SegWit was coming and in between the upwards movements which partially had been pretty steep, we saw regularly cool downs.
So imo the actual price is pretty fair and can not see any crazy dumping happening without any siginificant reason. The next thing we need to pay attention to will the 2x/NYA FUD and their coming fork in November. This will definitely influence and shake the market again.
I already accustomed to such jumps. This year there is certainly a lot, but I always keep calm and after the fall of bitcoin always rewards its supporters by raising prices. People are to blame for the fact that bitcoin has become an object for speculation.

We can surely speculated every movement of bitcoin and many have been very afraid because of the sudden uphill of bitcoin they don't know when it is gonna fall down it is very unpredictable right now, and I think there will be a lot that's gonna surely sell their bitcoin out from fear again but I hope they can think twice before doing it.

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August 24, 2017, 01:25:16 PM
 #18

sorry bra the correction has already happened down to $3600 and the "hammer" of Thor is also visible after it Wink



Basing on this technical analysis it really indicates that the correction do happen since hammer have already appeared and the best time to entry buy orders is on that opening of the next bullish candle but knowing cryptocurrencies technical analysis might work sometimes it wont this is why its really confusing if this would be the right time to buy coins while its still low in price. Somethings coming up on next month or on this year.

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gilangIDR
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August 24, 2017, 02:01:02 PM
 #19

it is probably already too late Wink
it usually is, the news always makes its effect when it comes out not when it actually happens and news came out a while ago and now it is the "due date" of that news. which means any kind of dump the news has already priced in and we are back to normal.
Yes it is just a speculation. Nothing bad happened right now. The fixed bitcoin price has high rates. I hope that there will be price increases in the next few days. There is a trend that will make the bitcoin price increase as the number of bitcoin users demand.
olubams
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August 24, 2017, 02:38:54 PM
 #20

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

Instead of worrying about what "they" will do next, its either you wait for the actual thing to happen because no matter the outcome, you won't be satisfied in the sense that, you either say "they" are pumping or "they" are dumping. So, its high time you acting in the direction you want the price to go either higher or lower then we can classify you too as among the "they".
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