Bitcoin's future is DOWN - page 7. | Bitcointalksearch.org

Kimchu kuno

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Quote from: darkangel11 on July 06, 2018, 04:00:45 PM

Quote from: Predict0r on July 06, 2018, 03:27:14 PM

By the most logical thinking:

• There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

No, there's not. If that "strong evidence" is a single paper by some American professor, who at the same time might be shorting BTC knowing that his paper may shake some weak hands, you're not really making a point.

Quote

• IF that is so, then that entire episode actually means nothing, and...

• Bitcoin etc values will decay back to their historical levels prior to pump & dump.

Even if we assume the research was legit, according to it tether was responsible for half of the price increase in late 2017.
If we assume that "late" means November and December, because before that it was a slow and steady rise, we went from 4700 to 20k, so more or less 15k. Half of that would be 7k, so if tether has completely no backing and all of it is fake, it made the price go up by 7,5k. We've already went down by almost the same amount. Even if USDt were to be fake, which it isn't and worst case scenario only a small percentage of its supply is faked, we wouldn't go much lower than we are now.

We don't feels worry in business that's a characteristics accept the fact that sometimes losses and have win or sussess continue or trust.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Predict0r on July 06, 2018, 03:27:14 PM

By the most logical thinking:

• There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

No, there's not. If that "strong evidence" is a single paper by some American professor, who at the same time might be shorting BTC knowing that his paper may shake some weak hands, you're not really making a point.

Quote

• IF that is so, then that entire episode actually means nothing, and...

• Bitcoin etc values will decay back to their historical levels prior to pump & dump.

Even if we assume the research was legit, according to it tether was responsible for half of the price increase in late 2017.
If we assume that "late" means November and December, because before that it was a slow and steady rise, we went from 4700 to 20k, so more or less 15k. Half of that would be 7k, so if tether has completely no backing and all of it is fake, it made the price go up by 7,5k. We've already went down by almost the same amount. Even if USDt were to be fake, which it isn't and worst case scenario only a small percentage of its supply is faked, we wouldn't go much lower than we are now.

nanasei

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It is illogical to assume that since bitcoins has depreciated to this price within the last 6 months, by the next 6 months it will decline to less than 1000 usd. The market don't work that way.

patt0

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Betting Championship betking.io/sports-leaderboard

And what strong evidence is that? Do you care to show "proofs" or at least fundament your theory?
I have no idea where you are getting the facts to fundament your claims, but I think bitcoin fundamentals are intact, even though we are seeing a decline in it's price. I would agree with market manipulation, after big players bought in BTC during futures, and are now manipulating the price in order to keep profiting from it. They will probably try to cycle it back up again, and keep doing it until BTC develops further and get the adoption it deserves because of its potencial. Once that happens, it's liquidity will be to large to allow market manipulation and we will be fine. It will take a while though, but that's my belief.

Ghayoor

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Quote from: Predict0r on July 06, 2018, 03:27:14 PM

By the most logical thinking:

• There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

• IF that is so, then that entire episode actually means nothing, and...

• Bitcoin etc values will decay back to their historical levels prior to pump & dump.

• This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months. It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months. And that's what makes sense - at least, more sense than anything else.

A few brilliant traders will make money getting in and out during the decline, but all the other players here are just rearranging deck chairs on the Titanic. The only "charting" you need is the big picture here.

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

i believe bitcoin have a very bright future because bitcoin is very useful currency in market and its playing avery big role in any country economy.

Predict0r

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By the most logical thinking:

• There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

• IF that is so, then that entire episode actually means nothing, and...

• Bitcoin etc values will decay back to their historical levels prior to pump & dump.

• This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months. It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months. And that's what makes sense - at least, more sense than anything else.

A few brilliant traders will make money getting in and out during the decline, but all the other players here are just rearranging deck chairs on the Titanic. The only "charting" you need is the big picture here:

https://imgur.com/a/QTYOQyL

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

Topic: Bitcoin's future is DOWN - page 7. (Read 857 times)