Bitcoin Thread

Status
Not open for further replies.
up down up down. I can't handle this, wake me up when it gets some direction.
 
I think we at that stage again where people think it won't go up much more. Like when it hit $100 or $1000. A lot of people who had been sitting with large amounts on the side probably sold a portion of their holdings back then and are selling now because $10k is a nice round number.
 
Last edited:
whats clear now is the 'demand' that people speak of returning is not there.

i mean why would there be demand for something that has rekt 1000's upon 1000's of people.

also why would there be demand for something that has been a very brilliant idea for many years, but yet it is not gaining traction in mainstream adoption.

when this changes ---> maybe 'demand' will return.
 
Because the demand was driven entirely by greed - get rich quick.
As soon as some fear set in, that's all she wrote. People are seeing bitcon for what it is. A crypto-currency. Not a magic money making machine.
 
Sinbad said:
Because the demand was driven entirely by greed - get rich quick.
As soon as some fear set in, that's all she wrote. People are seeing bitcon for what it is. A crypto-currency. Not a magic money making machine.
Click to expand...

well this is not all true -- shorting it makes its a magic money machine:D
 
I think as soon as it goes on a decent run again it will be all over the news again and even those who got Rekt before will come back
 
SaiyanZ said:
I think we at that stage again where people think it won't go up much more. Like when it hit $100 or $1000. A lot of people who had been sitting with large amounts on the side probably sold a portion of their holdings back then and are selling now because $10k is a nice round number.
Click to expand...

Agree! $12k is now as elusive as $20k once was. Will we see $20k....I do think so, eventually. Lots of ups and downs before then.

For most people, profit now lies in selling in the $11k-$12k range, and buying for sub $10k.

What I do think is happening is that the biggest of big whales now want in on BTC....and they want it cheap. Even $8k aint gonna cut it! TA’s seems to indicate we going to $4k, although I’m not convinced of such a low. Time will tell.

So I do think we going down a lot more from where we are, before we see any significant movement up beyond $11k-$12k.

Just my opinion....
 
gripen5221 said:
Agree! $12k is now as elusive as $20k once was. Will we see $20k....I do think so, eventually. Lots of ups and downs before then.

For most people, profit now lies in selling in the $11k-$12k range, and buying for sub $10k.

What I do think is happening is that the biggest of big whales now want in on BTC....and they want it cheap. Even $8k aint gonna cut it! TA’s seems to indicate we going to $4k, although I’m not convinced of such a low. Time will tell.

So I do think we going down a lot more from where we are, before we see any significant movement up beyond $11k-$12k.

Just my opinion....
Click to expand...

Agree with this, but one correction --- > fact is that its no longer 11-12k, its no longer a key level -- the longer we fall the lower that resistance is on the long term chart. so price will keep pushing down. more in the 9-10k range now. will be difficult to pass that. (weekend rallys dont count)
 
gripen5221 said:
Agree! $12k is now as elusive as $20k once was. Will we see $20k....I do think so, eventually. Lots of ups and downs before then.

For most people, profit now lies in selling in the $11k-$12k range, and buying for sub $10k.

What I do think is happening is that the biggest of big whales now want in on BTC....and they want it cheap. Even $8k aint gonna cut it! TA’s seems to indicate we going to $4k, although I’m not convinced of such a low. Time will tell.

So I do think we going down a lot more from where we are, before we see any significant movement up beyond $11k-$12k.

Just my opinion....
Click to expand...

Yeah back then a guy paid 10000BTC for 2 pizzas. Now that's worth $90 million. There's probably not many people left with that much BTC except for long term investors or big whale traders but even just 1000BTC now is worth almost $10 million. There's plenty of people with that much who will cash out now like that guy did for 2 pizzas.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X