The Bitcoin Thread

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BTC recovered quickly from last nights slight dip. The signs all point to another few hundred dollar dip to around $11k.
 
SaiyanZ said:
BTC recovered quickly from last nights slight dip. The signs all point to another few hundred dollar dip to around $11k.
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Agreed, maybe even lower. Sold at 09:50 at R171K. Lets see what happens.
 
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Whats your guys views, get in now before the 18th or wait for it to freak out after?
 
poffle said:
Whats your guys views, get in now before the 18th or wait for it to freak out after?
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No matter the 'freakout' after, it won't drop to current or below... say it hits $15k, it may drop back to 13k or 14k but not back to 10k
 
Temujin said:
No matter the 'freakout' after, it won't drop to current or below... say it hits $15k, it may drop back to 13k or 14k but not back to 10k
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Famous last words. BTC has dropped by more than 50% several times in its history
 
Temujin said:
Indeed, but 18th and then nasdaq next year... not going to happen again anytime soon
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I don't think that is accurate. If futures bring stability to the market, what do you think will happen to the traders who are making good returns on the volatility of BTC? They may move to other coins, which may mean a huge sell off of BTC and a buy in somewhere else. Could, maybe, possibly, but certainly not the absolutes you're dealing in. Anything can still happen
 
Archer said:
Famous last words. BTC has dropped by more than 50% several times in its history
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IMO, much more stable nowadays. Yes it lost about $2k in a few hours last week but quickly climbed back up! Also when it went from about $2.2k to $4.4k earlier this year...never really went down back to $2.2k. Floated in the mid $3k range before it's recent huge bull run.
 
Agree 100% with Archer. None of us know what will happen. We can speculate and have an opinion, but if it was predictable, we'd all be in the money. Bottom line is it's still way overvalued right now - driven purely by speculation. While the value proposition may catch up a bit, the hype is not going to last. Make sure you're not going to lose your life savings, that's all.
 
Archer said:
I don't think that is accurate. If futures bring stability to the market, what do you think will happen to the traders who are making good returns on the volatility of BTC? They may move to other coins, which may mean a huge sell off of BTC and a buy in somewhere else. Could, maybe, possibly, but certainly not the absolutes you're dealing in. Anything can still happen
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Not dealing with absolutes, its my opinion. No, nobody know 100% what can happen, hell, may crash to 0 tomorrow. But, I look see futures bringing in loads of growth on btc. You disagree, thats fine. Poffle ask for 'whats your guys views', I gave mine. Next year is going to be big(again, just my opinion), making these last 6 months laughable
 
Archer said:
I don't think that is accurate. If futures bring stability to the market, what do you think will happen to the traders who are making good returns on the volatility of BTC? They may move to other coins, which may mean a huge sell off of BTC and a buy in somewhere else. Could, maybe, possibly, but certainly not the absolutes you're dealing in. Anything can still happen
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I fully agree with you and it is actually great news. Stable BTC would act as an excellent reserve market for all altcoins.

CME market will likely reduce the bitcoin volatility after a short while. I still see BTC having a general uptrend but likely at a much slower pace. When BTC move sideways, start focusing on a diverse altcoin portfolio to continue reaping profits.
 
As Archer says, ANYTHING can happen. To safeguard yourself, dont spend any money on crypto that you cant afford to lose.

Personally I think BTC will continue to rise in December due to:

1. People having FOMO
2. People having more disposable income on hand, and more free time (Thanksgiving case and point)
3. BTC futures launch

Come Jan2018, bills will be due & the euphoria of the 1st time buyer will be long over.

I think we will see a possible correction then (but who knows to where?)

Something that is important to note is that the BTC market cap is still a drop in die ocean compared to other traditional currencies, investments etc. Literally every month is unchartered waters. Only time will tell if its really overvalued as some has stated, or if this is only the beginning.
 
Tman* said:
As Archer says, ANYTHING can happen. To safeguard yourself, dont spend any money on crypto that you cant afford to lose.

Personally I think BTC will continue to rise in December due to:

1. People having FOMO
2. People having more disposable income on hand, and more free time (Thanksgiving case and point)
3. BTC futures launch

Come Jan2018, bills will be due & the euphoria of the 1st time buyer will be long over.

I think we will see a possible correction then (but who knows to where?)

Something that is important to note is that the BTC market cap is still a drop in die ocean compared to other traditional currencies, investments etc. Literally every month is unchartered waters. Only time will tell if its really overvalued as some has stated, or if this is only the beginning.
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Indeed, too much spending over holidays etc, going to be withdraws over that hellishly long Jan
 
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