Bitcoin Thread

[Swa]

this sideways movement is making me nervous

Something big is brewing. Question is which side is going to lose steam first?

 

[voldoverse]

judging from past experiences ive become negative lol so im thinking it will probably go down

 

[L10Yn]

https://data.bitcoinity.org/markets/books/USD
Nice aggregation of the order book for those who don't know. Seems to be huge buy walls from $6000 to $6200 with people expecting a double bottom. Think I will also take a chance there, with some backup cash in case we get to $4800.

 

[Slootvreter]

I'm seeing a nice middle finger pattern on Luno

 

[*SynergyX*]

I don't agree with you. You can buy in a bear market

of course you can -- didn't say you cant...just said don't
but alas go ahead...let us know how it turns out

/looks at hands all round...been catching falling knives haven't we. Naughty Naughty!!!
just have patience and wait for the trend to change....

 

[Countcrypto]

So what seems obvious (for a while now) is that btc bottoms out at around 5800-5900 and then seems wide scale belief enough shake out has occurred for some meaningful up trend. Whether true or not this perception is widely held and I think that's a good entry point for anyone as a self fulfilling prophecy seem inevitable.

As for altcoins, I think if you entered the 2017, early 2018 madness you better strap in for the long haul or sell now and take your losses. The few coins that will do anything significant will do them years from now it seems.

 

[SaiyanZ]

I don't mind this bear market lasting a while longer as it's great for accumulating more BTC. I now have about 5 times the BTC I had in December. If we only had a bull market I wouldn't know what to do. My main goal is to beat buy and hold which seems to be working.

 

[Countcrypto]

I don't mind this bear market lasting a while longer as it's great for accumulating more BTC. I now have about 5 times the BTC I had in December. If we only had a bull market I wouldn't know what to do. My main goal is to beat buy and hold which seems to be working.

I'm sure it will last a short while longer, but the energy does seem to dissipating. And holding all the bitcoin in the world won't mean a thing if it's worthless.

 

[evilspinach]

I'm seeing a nice middle finger pattern on Luno

Your terminology paints a far more colourful picture than the usual

 

[*SynergyX*]

6000 BTC available at 6600


somebody is playing the game again...

/making mtgox look like chump change the past few days

 

[SaiyanZ]

6000 BTC available at 6600


somebody is playing the game again...

Though we not dropping and instead are edging closer to that mountain. Seems like people are tired of selling. So when he/she removes that sell order in a few minutes we should go up a little.

 

[Swa]

of course you can -- didn't say you cant...just said don't
but alas go ahead...let us know how it turns out

/looks at hands all round...been catching falling knives haven't we. Naughty Naughty!!!
just have patience and wait for the trend to change....

I've been selling and buying during the bear trend, made over 20% of what I have that way. Problem is if someone gets in on a high the price drops 10% and they aren't patient to wait it out.

 

[SaiyanZ]

If you zoom out from the BTC graph for the last 5 months there seems to be a repeating pattern. Two peaks then down over and over. Peaks getting smaller each time.

My twin peak theory says we should touch $7.5k again before going below $6k.

 

[L10Yn]

As for altcoins, I think if you entered the 2017, early 2018 madness you better strap in for the long haul or sell now and take your losses. The few coins that will do anything significant will do them years from now it seems.

Don't agree with this at all, Alt season is closer than you think. They are traded in BTC for the most part so you have to look at their BTC traded charts. When BTC goes on a run again they will all seem like they're on a run but most of them are already near the bottom. If you've already waited it out from the ATH to now you'll be crazy to sell now in my opinion.

 

[L10Yn]

 

[Countcrypto]

Don't agree with this at all, Alt season is closer than you think. They are traded in BTC for the most part so you have to look at their BTC traded charts. When BTC goes on a run again they will all seem like they're on a run but most of them are already near the bottom. If you've already waited it out from the ATH to now you'll be crazy to sell now in my opinion.

I agree you'd be stupid to sell anything that's down from where you bought. I invested money I could afford to lose so I'd rather gamble it may go to nothing than on purpose take a loss. I hope you're right about alts because I have a bunch.

 

[Thor]

/enters

 

[Countcrypto]

/enters

Based on ?

 

[FarligOpptreden]

Based on ?

He’s been away for months! Wondered what became of him and his millions of mining rigs.

 

[voldoverse]

/enters

the pianist in the bitcoin saloon stops playing. Everybody turns around and sees thor back from the dead standing in the saloon entrance. the barman drops a glass, biometrics has his hand over his pistol, SynergyX hides his many children behind him, sayanZ stumbles out the room with his shirt unbuttoned still with the prozzie in tow to see if its really true....