Bitcoin successfully bounced back AGAIN - that means the correction is over! BUY

bitcoinvamp

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Activity: 182

Merit: 100

Quote from: Enjel on January 17, 2018, 07:34:36 AM

Bitcoin successfully bounced from 10k again - that means that it will now recover. I'm forecasting a 12k soon, and stabilizing around that.

This crash was no different from the drops that always happen on the 2nd-3rd week of January, in Bitcoin's history, it turns out!

This has been a very tough week, but the bounceback AGAIN confirms that Bitcoin will now fully recover, and the alts will see some relief, and we will stabilize around a low, but pretty good level.

All the "crash" talk has been refuted.

Everyone BUY NOW! Or you will miss the train.

Yeah even i took it as good sign as this crash will stabilize the market and even the recovery is meant to happen . Even i am gonna buy some bitcoins and would see when the price hikes again.

potpockets

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Activity: 255

Merit: 10

It's still early to determine if the bitcoin will start a recovery climb, but it's still very unstable. Any negotiation is more by luck than by analysis at that time.

ChinkyEyes

sr. member

Activity: 687

Merit: 301

Quote from: gentlemand on January 17, 2018, 10:12:33 AM

Fun's over for now.

What intrigues me is the sheer amount of fresh meat in the market who've never seen behaviour like this before. If there are exponentially more of them does that mean beariness is going to last for longer as the amount of mindlessness is higher or for less time as they're outweighed by more serious pockets looking to relieve them of their losses?

Interesting thought... only time will tell I guess.

ClutchThese

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Activity: 448

Merit: 250

Quote from: stompix on January 17, 2018, 10:51:09 AM

Quote from: ktabb on January 17, 2018, 10:08:40 AM

Quote from: stompix on January 17, 2018, 09:59:09 AM

Would you be so kind and present, not a myriad, but at least 400 of those reasons?

Hahaha no I would not be so kind as to sit here and type out 400 reasons. How about I present you with one, and you can go learn the rest on your own. The transaction fees and times for bitcoin make it unusable as a currency, which render it near worthless. Its intrinsic value should be less than 1% of what it is now, and the only reason it would not be zero would be the hope that they somehow solve all of bitcoin's scaling issues such that it can handle transactions on the scale of Visa or Mastercard (about 200x as many transactions per second as it gets now).

Less than 1% would make it roughly 100$.
So, can you please let me know if there were any troubles with the fees while bitcoin was at 100$ and at 1000$?
Of course not.

Now, how did you come to this number? Arbitrary and just to toss an impressive apocalyptic percentage, right?

But, since of course I was joking with the 400 reasons, apart from the typical fee problem, do you have some others?
Because ... you see.. BCH and DOGE and all the other 1400 altcoins are dropping and they don't have a fee problem.
Would you please enlighten this poor noob with an explanation? (I don't require a 400 words essay on it)

They're all dropping because they're all tied to BTC... you should already know this.

I have to agree with the argument that BTC is super inflated. There are just too many problems with BTC for it to be a working solution for the world to adapt.

The biggest problem I have is that less than 100 people own more than 40% of the coins. How does this make it decentralized? Those individuals can manipulate the entire market at will.

Enjel

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Activity: 70

Merit: 21

Quote from: ClutchThese on January 17, 2018, 10:59:44 AM

Quote from: Enjel on January 17, 2018, 10:34:00 AM

If you're in here for the long-term, like I am, just hold.

Stop thinking so much.

And I agree that total idiots in the market who will sell out for any price are the reason for the drop.

Sorry, but the "total idiots" are the exact same people who helped it climb to it's all time high price.

Yeah, that's true. But you'd think that they'd hold, seeing historical trends.

At the very worst (historically speaking), they'd get back 500% return within 2 years, beating virtually every other market in existence.

If they sell, then the stress is on them to reallocate, since fiat is guaranteed to head to 0 value.

Why do they sell? Do they think that out of all the times BTC has crashed, that "finally" this is the end? How can they have so little faith?

ClutchThese

sr. member

Activity: 448

Merit: 250

Quote from: Enjel on January 17, 2018, 10:34:00 AM

If you're in here for the long-term, like I am, just hold.

Stop thinking so much.

And I agree that total idiots in the market who will sell out for any price are the reason for the drop.

Sorry, but the "total idiots" are the exact same people who helped it climb to it's all time high price.

Enjel

member

Activity: 70

Merit: 21

Quote from: stompix on January 17, 2018, 10:51:09 AM

Quote from: ktabb on January 17, 2018, 10:08:40 AM

Quote from: stompix on January 17, 2018, 09:59:09 AM

Would you be so kind and present, not a myriad, but at least 400 of those reasons?

Hahaha no I would not be so kind as to sit here and type out 400 reasons. How about I present you with one, and you can go learn the rest on your own. The transaction fees and times for bitcoin make it unusable as a currency, which render it near worthless. Its intrinsic value should be less than 1% of what it is now, and the only reason it would not be zero would be the hope that they somehow solve all of bitcoin's scaling issues such that it can handle transactions on the scale of Visa or Mastercard (about 200x as many transactions per second as it gets now).

Less than 1% would make it roughly 100$.
So, can you please let me know if there were any troubles with the fees while bitcoin was at 100$ and at 1000$?
Of course not.

Now, how did you come to this number? Arbitrary and just to toss an impressive apocalyptic percentage, right?

But, since of course I was joking with the 400 reasons, apart from the typical fee problem, do you have some others?
Because ... you see.. BCH and DOGE and all the other 1400 altcoins are dropping and they don't have a fee problem.
Would you please enlighten this poor noob with an explanation? (I don't require a 400 words essay on it)

Of course it's not the fees. The fees are why it's not skyrocketing and taking off right now, but the fact is that BTC markets are how the alts are traded, and so if BTC suffers, all the others do too. It's a market thing, has nothing to do with fees.

Tiny-fee XRP is crashing the worst out of all the top alts.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: ktabb on January 17, 2018, 10:08:40 AM

Quote from: stompix on January 17, 2018, 09:59:09 AM

Would you be so kind and present, not a myriad, but at least 400 of those reasons?

Hahaha no I would not be so kind as to sit here and type out 400 reasons. How about I present you with one, and you can go learn the rest on your own. The transaction fees and times for bitcoin make it unusable as a currency, which render it near worthless. Its intrinsic value should be less than 1% of what it is now, and the only reason it would not be zero would be the hope that they somehow solve all of bitcoin's scaling issues such that it can handle transactions on the scale of Visa or Mastercard (about 200x as many transactions per second as it gets now).

Less than 1% would make it roughly 100$.
So, can you please let me know if there were any troubles with the fees while bitcoin was at 100$ and at 1000$?
Of course not.

Now, how did you come to this number? Arbitrary and just to toss an impressive apocalyptic percentage, right?

But, since of course I was joking with the 400 reasons, apart from the typical fee problem, do you have some others?
Because ... you see.. BCH and DOGE and all the other 1400 altcoins are dropping and they don't have a fee problem.
Would you please enlighten this poor noob with an explanation? (I don't require a 400 words essay on it)

Enjel

member

Activity: 70

Merit: 21

If you're in here for the long-term, like I am, just hold.

Stop thinking so much.

And I agree that total idiots in the market who will sell out for any price are the reason for the drop.

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

I can't see any bump in the price it is just falling and falling,bitcoin investors are going crazy what to do now.Hold or sell?

But I don't want to sell any of my bitcoins just want to hold If I sell it now then I will lose more money because I bought bitcoins for higher price than the current price.But I am invested for long term so I will pretend to be don't care about the current downfall in bitcoin price.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Fun's over for now.

What intrigues me is the sheer amount of fresh meat in the market who've never seen behaviour like this before. If there are exponentially more of them does that mean beariness is going to last for longer as the amount of mindlessness is higher or for less time as they're outweighed by more serious pockets looking to relieve them of their losses?

ktabb

full member

Activity: 266

Merit: 103

Quote from: stompix on January 17, 2018, 09:59:09 AM

Would you be so kind and present, not a myriad, but at least 400 of those reasons?

Hahaha no I would not be so kind as to sit here and type out 400 reasons. How about I present you with one, and you can go learn the rest on your own. The transaction fees and times for bitcoin make it unusable as a currency, which render it near worthless. Its intrinsic value should be less than 1% of what it is now, and the only reason it would not be zero would be the hope that they somehow solve all of bitcoin's scaling issues such that it can handle transactions on the scale of Visa or Mastercard (about 200x as many transactions per second as it gets now).

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Enjel on January 17, 2018, 07:34:36 AM

Bitcoin successfully bounced from 10k again - that means that it will now recover. I'm forecasting a 12k soon, and stabilizing around that.

You know, it's pretty hard for people to take your "forecats' seriously when you proved to be wrong in less than 4 hours.

Quote from: VitaminC on January 17, 2018, 07:39:11 AM

Oh man... could you make it a little less obvious that you just bought in and are now hoping to rally others to do the same?

Sorry, but do you think that there is even 1% around this forum that doesn't pray for a rally?
It fairly obvious that almost everybody here would want the price to go back to 15k or 20k.

This guy is just trying his best at opening the 100002323th thread hoping for a miracle.

Quote from: ktabb on January 17, 2018, 08:18:27 AM

Did you ever consider that maybe there are a myriad of very logical reasons that bitcoin does not warrant a price anywhere near as high as it currently is?

Would you be so kind and present, not a myriad, but at least 400 of those reasons?

Enjel

member

Activity: 70

Merit: 21

Quote from: ktabb on January 17, 2018, 08:18:27 AM

Quote from: Enjel on January 17, 2018, 07:40:31 AM

Quote from: VitaminC on January 17, 2018, 07:39:11 AM

Oh man... could you make it a little less obvious that you just bought in and are now hoping to rally others to do the same? It doesn't work that way you know... even if you could manage to convince 50-100 people on this forum to do what you are suggesting, it will only be a drop in the ocean in regards to where this train is going. Kindly HODL and STFU.

Do you say the same things to the people who are doing BS FUD (this Vladimir guy and the "Elliot Wave" person) to try to drag down the prices because they sold?

Did you ever consider that maybe there are a myriad of very logical reasons that bitcoin does not warrant a price anywhere near as high as it currently is?

What about the reasons that it should be 100K? How about that if Bitcoin (or other cryptos) become mainstream, they will require a valuation that high?

How about the fact that if it is a store of value, then its name brand may give it almost any value?

Bears will always start talking when a downturn comes.

ktabb

full member

Activity: 266

Merit: 103

Quote from: Enjel on January 17, 2018, 07:40:31 AM

Quote from: VitaminC on January 17, 2018, 07:39:11 AM

Oh man... could you make it a little less obvious that you just bought in and are now hoping to rally others to do the same? It doesn't work that way you know... even if you could manage to convince 50-100 people on this forum to do what you are suggesting, it will only be a drop in the ocean in regards to where this train is going. Kindly HODL and STFU.

Do you say the same things to the people who are doing BS FUD (this Vladimir guy and the "Elliot Wave" person) to try to drag down the prices because they sold?

Did you ever consider that maybe there are a myriad of very logical reasons that bitcoin does not warrant a price anywhere near as high as it currently is?

Enjel

member

Activity: 70

Merit: 21

Quote from: VitaminC on January 17, 2018, 07:39:11 AM

Oh man... could you make it a little less obvious that you just bought in and are now hoping to rally others to do the same? It doesn't work that way you know... even if you could manage to convince 50-100 people on this forum to do what you are suggesting, it will only be a drop in the ocean in regards to where this train is going. Kindly HODL and STFU.

Do you say the same things to the people who are doing BS FUD (this Vladimir guy and the "Elliot Wave" person) to try to drag down the prices because they sold?

VitaminC

newbie

Activity: 26

Merit: 10

Oh man... could you make it a little less obvious that you just bought in and are now hoping to rally others to do the same? It doesn't work that way you know... even if you could manage to convince 50-100 people on this forum to do what you are suggesting, it will only be a drop in the ocean in regards to where this train is going. Kindly HODL and STFU.

Enjel

member

Activity: 70

Merit: 21

Bitcoin successfully bounced from 10k again - that means that it will now recover. I'm forecasting a 12k soon, and stabilizing around that.

This crash was no different from the drops that always happen on the 2nd-3rd week of January, in Bitcoin's history, it turns out!

This has been a very tough week, but the bounceback AGAIN confirms that Bitcoin will now fully recover, and the alts will see some relief, and we will stabilize around a low, but pretty good level.

All the "crash" talk has been refuted.

Everyone BUY NOW! Or you will miss the train.

Topic: Bitcoin successfully bounced back AGAIN - that means the correction is over! BUY (Read 313 times)