Bitcoin Thread

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Swa said:
How can you say "the trend is surely still bullish up towards new all times highs"? You can't know that. The trend can also be down from an all time high of $19500 never to be repeated. See this is the problem I have with you, you see sureties where there are none so you're in blind fomo mode instead of being objective.
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You get way too triggered and salty. I'm only pointing out that we've got a whole bunch of resistance levels below that will likely hold and bounce up from again and not many above to push through. The path of least resistance is up. Of course anything can happen. I've been following btc charts and commentators and news for close to 3 years now without trading it, which makes me a noob, but hardly susceptible to irrational fomo. Stop trying to gatekeep my right to offer my opinion, and rather just ignore it if it bothers you so much.
 
Swa said:
How can you say "the trend is surely still bullish up towards new all times highs"? You can't know that. The trend can also be down from an all time high of $19500 never to be repeated. See this is the problem I have with you, you see sureties where there are none so you're in blind fomo mode instead of being objective.
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Actually, being objective, bitcoin has been posting successive higher highs over the last 5/6 years. The 19k ATH looks set to be broken, because that's what bitcoin has done to previous long-term ATHs. There's a lot more regulatory, retail and institutional movement and interest in cryptocurrencies now than there was in 2017. I'd say being objective is exactly what makes a lot of people bullish right now.
 
Countcrypto said:
You get way too triggered and salty. I'm only pointing out that we've got a whole bunch of resistance levels below that will likely hold and bounce up from again and not many above to push through. The path of least resistance is up. Of course anything can happen.
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It's not about being "triggered" or "salty" but about you talking things you know nothing about. It has barely tested anything and just ploughed through so it can easily fall to $4k again where the last good support was. There's barely any support below.
 
My BNB (Binance) coins are up 600% since I bought late 2017 :)

I am still holding various alt coins. When (if) they break even again, I will sell into BTC/ETH/NEO and reduce my diversity. I believe most of the alt coins don't hold any value except for the trading that is happening.
 
Swa said:
It's not about being "triggered" or "salty" but about you talking things you know nothing about. It has barely tested anything and just ploughed through so it can easily fall to $4k again where the last good support was. There's barely any support below.
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'We had to break through many points of resistance on our way up. So you're saying all those resistance points we had to break through to here will not act as support ? That's likely ? And I'm being unobjective ?

Honest question. Did you start trading btc only in the bear market via shorting it ? Then you understand the concept. The reason for the bullish sentiment is that it should follow the same principle, just in the opposite direction now.
 
Superman-7 said:
Actually, being objective, bitcoin has been posting successive higher highs over the last 5/6 years. The 19k ATH looks set to be broken, because that's what bitcoin has done to previous long-term ATHs. There's a lot more regulatory, retail and institutional movement and interest in cryptocurrencies now than there was in 2017. I'd say being objective is exactly what makes a lot of people bullish right now.
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The same factors aren't in play. Bitcoin was actually stuck at under $1k from 2014-2016 which is something people seem to forget. It's entirely possible the Dec 2017 event was a one time and that it's actually heading back to $1k in which case the current partial recovery is just a temporary correction before it heads back below the $3k were at a few months ago. Nobody can say and that's what objectivity is about.
 
Countcrypto said:
'We had to break through many points of resistance on our way up. So you're saying all those resistance points we had to break through to here will not act as support ? That's likely ? And I'm being unobjective ?

Honest question. Did you start trading btc only in the bear market via shorting it ? Then you understand the concept. The reason for the bullish sentiment is that it should follow the same principle, just in the opposite direction now.
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Which resistance points? It spent like 60 days above $10k in 2017-2018 and half of that time was going down so no resistance points or support were ever really tested and it's all psychological made up bs.

And no, I got in during the bull trend but nobody told me to get out while still having the maximum gain so I've seen both sides, the fomo and the resultant crash, and know there is no surety in this.
 
I predict R200K before the sun rise again. But no one knows so i'm very objective about my prediction.
 
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Swa said:
The same factors aren't in play. Bitcoin was actually stuck at under $1k from 2014-2016 which is something people seem to forget. It's entirely possible the Dec 2017 event was a one time and that it's actually heading back to $1k in which case the current partial recovery is just a temporary correction before it heads back below the $3k were at a few months ago. Nobody can say and that's what objectivity is about.
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You're right, it could have just been a once-off. Nobody knows. But every big move up has been followed by a < 100% correction, so it seems unlikely we'll go back to 3k.

And a 300% increase in the last few months isn't going to make anyone bearish anytime soon. It seems, again, unlikely that this will just stop and violently reverse. I'm not saying we're definitely going to 20k, I'm not saying we won't ever fall back to 3k again. But 3k and 2017 being once off - objectively - seem unlikely given the current context.
 
This thread is alive!!!... Just like bitcoin... But Im out and need back in... Seems like I'm going to wait a loooooonnnngg long time
 
Superman-7 said:
You're right, it could have just been a once-off. Nobody knows. But every big move up has been followed by a < 100% correction, so it seems unlikely we'll go back to 3k.

And a 300% increase in the last few months isn't going to make anyone bearish anytime soon. It seems, again, unlikely that this will just stop and violently reverse. I'm not saying we're definitely going to 20k, I'm not saying we won't ever fall back to 3k again. But 3k and 2017 being once off - objectively - seem unlikely given the current context.
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Of course unless it reaches $0 "corrections" will always be under 100%. Fact still remains that they've been getting bigger and bigger. Bitcoin's trajectory isn't dissimilar to a lot of stocks which get a hype boost at some point. Some recover and just linger along while others make new highs and others crash. The issue is when someone comes along with words like "surely" when they can't have a clue and are just looking at a small part of one of these charts without knowing which one played out. That's wishful thinking fomo rather than looking at things objectively.
 
Bitfinex down for the next 7hrs or so - with a bitcoin that has rallied for the past 7 days without a single red day. And we all know *uckery happens when these "exchanges" go down for maintenance.
 
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