Be careful. (Newbies and others ...) - page 2.

arbitrage

hero member

Activity: 560

Merit: 500

Quote from: Slow death on October 20, 2017, 12:28:45 PM

Quote from: alyssa85 on October 20, 2017, 07:21:36 AM

...no exchange uis going to list bitcoingold.

already exists exchange for bitcoin gold, yobit already announced this:

" Yobit.Net‏ @YobitExchange 2 hhá 2 horas

Bitcoin Gold balances will be added in 68 hrs (23 oct, monday), timer: https://yobit.net/en/bitcoingold/timer …
BTC deps/wds will be disabled in 65 hrs. "

Quote from: alyssa85 on October 20, 2017, 07:21:36 AM

As for the segwit2x thing - if there is a genuine consensus am, there won't be two chains, it will simply switch to 2x.

this is impossible

Beware of Bitcoin's possible incompatibility with some major services
11 Octob

I hope I do not see $1000 again.

Yobit will do it again just it was case with Lisk. If you remember they have started trade LISK which still was not delivered to its investors. This is wrong, and they are preparing to do this again, but this time this is much more dangerous, and they know that they will get more money. They are no longer in list of my favorite places..This speculative trade is hazardous and promoting BTC demise, purposely or not this is wrong and whales groups which supporting this new coin will make damage to us all.

Bram 666

jr. member

Activity: 55

Merit: 10

After bitcoin price break 6,000$ all will buy more from it

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: alyssa85 on October 20, 2017, 07:21:36 AM

...no exchange uis going to list bitcoingold.

already exists exchange for bitcoin gold, yobit already announced this:

" Yobit.Net‏ @YobitExchange 2 hhá 2 horas

Bitcoin Gold balances will be added in 68 hrs (23 oct, monday), timer: https://yobit.net/en/bitcoingold/timer …
BTC deps/wds will be disabled in 65 hrs. "

Quote from: alyssa85 on October 20, 2017, 07:21:36 AM

As for the segwit2x thing - if there is a genuine consensus am, there won't be two chains, it will simply switch to 2x.

this is impossible

Beware of Bitcoin's possible incompatibility with some major services
11 Octob

I hope I do not see $1000 again.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

There might be some profit taking after October 25th, when people realise that no exchange uis going to list bitcoingold.

As for the segwit2x thing - if there is a genuine consensus am, there won't be two chains, it will simply switch to 2x.

STEVEN 888

newbie

Activity: 33

Merit: 0

most of posts now turned into say price may be rise more than 6,000$ this will engage newbie

ekoice

hero member

Activity: 742

Merit: 500

I think that you are taking the situation a little bit more serious.I do agree that we have been in bullish trend for more time continuously,despite of china's actions against bitcoin.I don't understand how you give that much importance to bitcoin gold hard fork when it does not have miners support and no exchanges or wallets have till now extended their support to it.It would have very little significance when compared to bitcoin cash which was supported by mining pools and bittrex exchange.So definitely,it would have a very small impact on bitcoin's price.

But i too have to agree with your prediction about segwit 2x activation that it may create big negative effects in the bitcoin environment.Even though F2Pool and two other pools have withdrawn support for segwit 2x,still it has 85% of miners support and that's an alarming signal about bitcoin's price drop at that time.So,bitcoin investors would have to be very careful at that time.

arbitrage

hero member

Activity: 560

Merit: 500

From the start BTC was surrounded with speculations and this is perfectly normal. Whatever happens until the end of the year, but I hope BTC won't fall down like OP said, but more likely we will see 10k. When you see all those attacks on BTC you can feel how BTC becoming dangerous and they are starting to believe more than we do. BTC is evil actually and can destroy their order.

franco123

full member

Activity: 252

Merit: 100

Quote from: d5000 on September 07, 2017, 03:45:35 AM

After reading a lot of perma-bullish postings in this speculation forum, I only want to issue a little warning. Not as a professional trader, but a guy that has been here since 2013.

Be careful! I think we are near the top of a bubble. Don't invest what you cannot afford to lose.

That is valid for Bitcoin and most altcoins at the same time. I think we have overheated - mostly due to the speculation on the Segwit activation - and now we must go down a bit. Probably the rest of the year will be bearish or a sideways market.

What doesn't that "warning" mean?
- It doesn't mean that Bitcoin will go instantly to zero. My prediction is that it will go to $3000, until late October but then, depending on the news, we can go lower (in a worst case scenario, to about $1000).
- It doesn't even mean that $4970 was the top (although I consider it likely). There could be another bullish "leg". But it will most likely be the last one of the year, and I don't think it will reach $10.000.
- It does not mean that "Bitcoin is a bubble". Bitcoin is useful and a great project. But it cannot increase permanently in price. Sometimes there is profit taking, or also a little bit of panic.

Why do I think that the "bubble" ended?
- Bitcoin's price has increased about 30 times in this bullish cycle which started in late 2014 at $135. That is HUGE.
- Adoption by retailers and other real world shops has not increased according to the price increase (in fact, I think we're at the same level than in 2013/14).
- China has strongly restricted ICOs a few days ago. That will lower the demand a bit, although it's not catastrophic, maybe.
- In November, there could be a dangerous hard fork, separating the main development team (Bitcoin Core) from a large part of the Bitcoin economy (miners, Bitpay, Coinbase) on different chains.

Draw your own conclusions. I'm a bit in bearish mood now. I'm still a long term bull

I couldn't agree more. Everything in today's time affects all the other investments. And Bitcoin is one of the volatile investment considering that it is not yet totally acceptable by the government.

One thing to remember is the price ceiling concept. As sir said, there may come a time that a bubble might pop and everyone will panic sellin on Bitcoins. This will happen usually when the price ceiling will hit and the price can only go low then.

pearlmen

sr. member

Activity: 322

Merit: 250

At this time, its very much OK to start exercising some element of skepticism as to what will happen to either price or bitcoin itself. From my point of view, I see some restrictions being happening between $5000+ but if the impending fork becomes a success, we can then see a further breakthrough beyond the $6000 mark.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

However user keeps him active, one cannot easily get rid of or minimize the loss, because the price moves happen in a short without any prior notification. So need to try making the profit out of it, but the same when doesn't give success just focus on holding and use the right opportunity in future. Some sells suddenly without thinking anything which is not good decision.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Bitcoin has finally reached another bullish "leg" - so there was no bounce. I think it was caused by the expectation of "free money" having two forks lying ahead of us.

But nevertheless, I want to renew my call for "carefulness". It would really be "too good to be true" if Bitcoin went now straight into the 8K-10K zone. My guess is that $6000 are possible, $7000 are already unlikely, and $8000 almost impossible - in 2017, and maybe also 2018.

I would even not be surprised if we saw major price turbulences (and a possible crash) in November near the Segwit2x fork date. Reason.

sicparvismagna

member

Activity: 98

Merit: 10

Yeah before we make our own judgement into something we do not rush and make hasty decision investing is a learning process you study what is present in the environment make an analysis and if the observation is positive then that will the only time I make a decision. I don't take immediate if you invest make a necessary precautious step first to mitigate risk and make a valuable decision you would not regret.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

As things are developing mostly like I expected (even the $4000+ bounce), I want to reiterate my warning.

It isn't at all sure that we will continue the bull ride! It is very likely that we are in a dead cat bounce / bull trap.

I think it's already too late to ride this wave. If price really reaches a new all time high over $5000, then we can expect another bullish "leg". Otherwise, I would consider investing in BTC at this moment be essentially "gambling". At least you should observe the price carefully or set a stop-loss (limit) order if you want to buy now.

In the 2013/14 bubble and subsequent crash, there was a similar upswing in January 2014 which surpassed $1000 again. It only lasted for a week or so. We're still inside of this time frame.

The bounce I mean is the first one that is seen here (after the big red crash). If we follow this pattern, then the second, much longer, bounce could drive prices again in the $3500 area, but not to $4000. And the lows will be lower every time, most likely the next one about 2300-2500$, then $1800, and if everything goes wrong we may dip near the 2013 all time high of $1150. A sustainable lower low would surprise me, although unfortunately it's not impossible.

ragnar0k

full member

Activity: 154

Merit: 101

Quote from: d5000 on September 11, 2017, 07:13:22 AM

Well, even if we remained above $4000 but didn't cross $5000, we were technically in a bear market Wink

But I also disagree that Bitcoin is so much in "its infancy". Bitcoin is already 8 years old. It's not ultra-mature still, but it's an internet technology, these are "growing up" faster than "real world" tech. Where was Facebook when it was 8? Or Google? OK, you could say "it's a protocol, not a company". But then let's compare it to "social networks" in general. They appeared in 1997 with SixDegrees. Eight years later MySpace was already a relatively well-known and mature player. So I would say that Bitcoin in 2017 is at a similar level than social networks were in 2004/05 approximately.

Don't understand me wrong: Bitcoin can still grow, and grow a lot. But I'm currently not seeing so much "real world" growth that justifies 300%+ in less than a year. (bold, because permabulls seem not to get the importance of that "little" fact).

So... here is my conspiracy theory:
- BC is based on NSA's S-Box (AES)
- FB is basically NSA
- Since FB has become huge and nobody knows how (wink wink), BC will become huge as well.

Taking out my tin foil hat, that 300% is all the infrastructure that has grown since the last time I tried (and partially failed) to make sense out of bitcoin. It took time, and here I agree with you, will also take time for 'mass adoption'. It can still grow if 'stuff' happens (Russia being forthcoming now is great news), so all in all, I agree that if nothing happens now, we are going bear (hope not 1000$ bear tho). But then again, governments are waking up to bitcoin now, and if more investors start to come in, I can see the infrastructure to bring in people improving exponentially - you never know what is next Cheesy

Digital Mutant

full member

Activity: 420

Merit: 105

beware!

At the moment market cap is $145.515.520.319

A big bubble!

...but I'm sorry....it is not...

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: ragnar0k on September 08, 2017, 06:56:57 AM

Quote from: d5000 on September 07, 2017, 09:35:14 PM

Just curiosity: What would this "detaxing" mean in this context? Do the US have a tax for simple monetary transactions, or would this mean people would not have to pay VAT if they pay with BTC?

My understanding is that you can spend your bitcoin without thinking about taxation on your side up to 600$ per transaction.
Here is an article of our beloved fortune http://fortune.com/2017/09/07/cryptocurrency-bitcoin-tax

Thanks. Now I understand it a bit better, I think. To summarize: if you make a purchase with coins that have increased in value but the transaction is less than $600 you won't be taxed for capital gains. Sounds good. It's even more bitcoin-friendly than the similar German rule (€600 of "profit" per year there are tax-free, or you must hold the BTC for a year. But there the system is a bit different.).

Quote from: omonuyak on September 09, 2017, 11:39:28 AM

I disagree with your view of $4950 likely be the end of a bubble. In My view bitcoin is not yet even in the bubble as we are still at the infancy stage of bitcoin and blockchain technology development. I do expect bitcoin to remain above $4000 for the remaining part of this year and I don't think we have any significant reason why bitcoin should go bearish except the games of media we are seeing playing from China to outrightly control bitcoin prices.

Well, even if we remained above $4000 but didn't cross $5000, we were technically in a bear market Wink

But I also disagree that Bitcoin is so much in "its infancy". Bitcoin is already 8 years old. It's not ultra-mature still, but it's an internet technology, these are "growing up" faster than "real world" tech. Where was Facebook when it was 8? Or Google? OK, you could say "it's a protocol, not a company". But then let's compare it to "social networks" in general. They appeared in 1997 with SixDegrees. Eight years later MySpace was already a relatively well-known and mature player. So I would say that Bitcoin in 2017 is at a similar level than social networks were in 2004/05 approximately.

Don't understand me wrong: Bitcoin can still grow, and grow a lot. But I'm currently not seeing so much "real world" growth that justifies 300%+ in less than a year. (bold, because permabulls seem not to get the importance of that "little" fact).

ChainSmoker

full member

Activity: 294

Merit: 100

I don't agree with OP at all.He is treating this situation as 2013 which is not.Bitcoin is much more stronger now and bitcoin price is no where high.I expect bitcoin to increase more considering the technology it has.We will never see 2000$ price again let alone 1000$.IMHO,we might go to 3000$ and that will be for short time(if that happens).Once we are up 5000$ there's no going back. Roll Eyes

timerland

hero member

Activity: 1526

Merit: 596

Quote from: Denker on September 10, 2017, 04:07:34 AM

Quote from: omonuyak on September 09, 2017, 11:39:28 AM

I disagree with your view of $4950 likely be the end of a bubble. In My view bitcoin is not yet even in the bubble as we are still at the infancy stage of bitcoin and blockchain technology development. I do expect bitcoin to remain above $4000 for the remaining part of this year and I don't think we have any significant reason why bitcoin should go bearish except the games of media we are seeing playing from China to outrightly control bitcoin prices.

I agree with that. We've seen a great run this year but when I look at the weekly chart, zoom out in log scale, we're still far away from being in a bubble. Furthermore I don't understand why people still look at linear chart for a long term view. This is dumb!!
We may take break and consolidate here for a while, maybe dip down to 3500 or so for a short while, but I'm sure the bull run isn't over yet.
Right now there seems to be strong support around 4000. If it holds or we really get the chance to buy more coins below 3800-3900 needs to be seen.

I think that OP is saying that short term we are in a bubble, and i agree with him on that.

Long term, i'm extremely bullish on bitcoin to grow exponentially. There is not even 1% of the world using bitcoin right now and we are alreday at such a high market cap, just think of the potential that bitcoin has when it gains the amount of followers that it needs and becomes accepted by merchants.

However, short term price has risen too much and does not fit the long term growth curve imo. When it grows too much it'll always be followed by a dip, at which point it will overcorrect and presents a good buying opportunity.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: omonuyak on September 09, 2017, 11:39:28 AM

I disagree with your view of $4950 likely be the end of a bubble. In My view bitcoin is not yet even in the bubble as we are still at the infancy stage of bitcoin and blockchain technology development. I do expect bitcoin to remain above $4000 for the remaining part of this year and I don't think we have any significant reason why bitcoin should go bearish except the games of media we are seeing playing from China to outrightly control bitcoin prices.

I agree with that. We've seen a great run this year but when I look at the weekly chart, zoom out in log scale, we're still far away from being in a bubble. Furthermore I don't understand why people still look at linear chart for a long term view. This is dumb!!
We may take break and consolidate here for a while, maybe dip down to 3500 or so for a short while, but I'm sure the bull run isn't over yet.
Right now there seems to be strong support around 4000. If it holds or we really get the chance to buy more coins below 3800-3900 needs to be seen.

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: 802529er on September 09, 2017, 10:50:35 PM

If the price drops to as low as your saying, would you be picking up as much cheap af bitcoin that you can in the hopes that it’ll go back up!

If you are referring to OP's predictions then no, i wouldn't consider buying at $3000 or at least put all of my funds into buying at a $3000 level. If it does go down to $3000 in the first place then i think the trend will continue down to at least $2500, or even $2000.

Just like OP i am bullish in the long term with bitcoin.

Therefore, i think the logical thing to do is to keep buying bitcoin in small increments, regardless of price. That way you are not affected by buying too high, as you have a chance to lower the cost average.

Topic: Be careful. (Newbies and others ...) - page 2. (Read 3054 times)