Tweebeenvis
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Just broke 5k on CMC..... wheeeeeeeeeeeeeeeeeeeeeeeeeeeeee
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Bitcoin Thread
- Thread starter Dan C
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SaiyanZ
Executive Member
Crypto market still getting wrekt today. Zoomed out it doesn't look too bad though considering the moves we went through several times this year. Patience is key now. We are now in a potential area where it could bottom out to end the bear market ($4500 to $4900) and start a new trend upwards. Even if it's not the end of the bear market we should still see some bounce from this area to $5700 at some point. The only thing worse than losing a few Rands is selling at the bottom.
Tweebeenvis
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Thanks for the info xD where is your Luno buy order set? xD Looking @ 68k
SaiyanZ
Executive Member
I already bought. Luno order book is too thin for my liking to trade now. As soon as the USD price jumps, someone will buy 10btc and the Luno price will jump a few thousand Rands. Then the buy walls will come up, whilst people take down their sell orders and it will be pretty easy to miss the train here.
phly
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If you have held so long it’s pointless to sell now. You will sell and it will sky rocket and you will get in with your diminished funds at a much higher premium. We are almost at the bottom and word on the street is we will just rubberband up. We did break a very key level. Patience.
Iamnotageek
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I write articles for the blockchain, and get paid in BTC. This friggen drop is going to make me eat noodles until Jan 2018.
Friggen BS.
Friggen BS.
SaiyanZ
Executive Member
Well, if its in storage and you're just going to lose cash by selling, then whats the point? But, if you're trading to accumulate, then do so, but just watch out, I'm expecting some large spikes sooner than later, don't get stuck holding the fiats when the bch dick swinging ego wars are over and the peeps move back to the btc
phly
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when the markets are in panic thats when you get greedy and buy. I happened to visit coinmarketcap - havent done so in ages - and I was shocked to see how cheap the alt coins are, Neo, Qtum and alike, nano back at like $, Eth at all time lows. If I had cash I would have used this opportunity to create a decent portfolio. Then let it sit 2 to 3 years just adding to it as time goes.
phly
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Not financial advice but if you are just an investor then layer down/ladder your buys as we are still dipping with no bottom in sight for BTC which will obviously drag the rest down as well. I reckon we may see ETH at 110USD but thats just my own opinion. Atleast you wont have any regrets at buying it at 130 bucks while it drops down further.
Kloofvreter
Honorary Master
The news articles pushed out by crypto sites are once again deplorably pathetic. From pure speculation to obvious attempts of FUD and hype. LMAO
Much speculation at this point. Even the mybb article quoting someone as putting BTC at $15k year end, based on nothing but multiplying the break even point for mining by 2.2.
Err... the Western miners are long gone. Actually they haven't been mining for ages since the Asians pushed them out. The break even is now closer to $5000 and it's only those with free electricity still mining at this point. Don't see what the price of mining have to do with the price of BTC in any case. The two have no correlation.
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