BTC is up $4500 in 30 munites? | Bitcointalksearch.org

buwaytress

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Quote from: beerlover on February 06, 2021, 11:43:45 AM

I think we do make good things if we just spread the good news, that is not really something bad, but we are at a stage where "good news" is already heard and we just need bigger and bigger names involved in order to get more attention. By comparison let me explain it this way, when bitcoin was around 10-50 dollars, only few percent of the world knew what it was, probably under 1% as well, but right now we are at nearly 40k and everyone on the world heard of it, not everyone has bitcoin, there is only a small portion of people still holding bitcoin but everyone at least heard about it.

So, "spreading the good news" may not be something we can really benefit from today as you might imagine. However there are still some ways it can be done, like grayscale going in with 10+ billion dollars is actually good way of spreading news while also buying, if I bought 10+ billion dollars worth of bitcoin it wouldn't be the same. So we can still have those but different ways.

Never said it was bad, but if all people ever did was hold and spread the good news (I'm beginning to guess that's what a lot of people here do) then you don't have utility, and you don't have demand, and you don't have growth in fundamentals.

The biggest educators and proponents used it as much as possible, how else do you get adoption? Getting everyone to have and hold and never use is like... well. Bitconnect.

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Quote from: buwaytress on February 06, 2021, 04:38:42 AM

Didn't really get what I said earlier, I guess. Even Vitalik Buterin claims he had to spend 50% of his BTC in the early days, and he had no second thoughts.

We don't make things happen by "spreading the good news about bitcoin". That's what altcoins do and it gets them nowhere. You give Bitcoin value every time you use it.

I think we do make good things if we just spread the good news, that is not really something bad, but we are at a stage where "good news" is already heard and we just need bigger and bigger names involved in order to get more attention. By comparison let me explain it this way, when bitcoin was around 10-50 dollars, only few percent of the world knew what it was, probably under 1% as well, but right now we are at nearly 40k and everyone on the world heard of it, not everyone has bitcoin, there is only a small portion of people still holding bitcoin but everyone at least heard about it.

So, "spreading the good news" may not be something we can really benefit from today as you might imagine. However there are still some ways it can be done, like grayscale going in with 10+ billion dollars is actually good way of spreading news while also buying, if I bought 10+ billion dollars worth of bitcoin it wouldn't be the same. So we can still have those but different ways.

buwaytress

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Quote from: Japinat on February 04, 2021, 06:05:28 PM

Let the others do the spending, we can help to make it happen if we continue to spread the good news about bitcoin. Me either, I'm limiting my spending, before I used to gamble a lot using bitcoin but I realized in the 2nd bull run that any price is possible and I don't want to miss the next time it will reach to the moon.

1 BTC = 1 million usd, I think it will take time but it will likely happen.

Didn't really get what I said earlier, I guess. Even Vitalik Buterin claims he had to spend 50% of his BTC in the early days, and he had no second thoughts.

We don't make things happen by "spreading the good news about bitcoin". That's what altcoins do and it gets them nowhere. You give Bitcoin value every time you use it.

Janation

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Quote from: sana54210 on February 03, 2021, 01:40:00 PM

Quote from: Janation on February 03, 2021, 04:29:36 AM

I don't even know how that invited more people to invest since just one hashtag made the price pump. I guess we can say that he is really influential and been followed by a lot of people that might be interested in some of his investment ventures the same with investors in his company.

Think of it like a snowball affect because that's what it is. If you stand at the top of a huge mountain all covered in a snow, if you throw in a small snowball and roll it down it will get bigger and bigger and bigger. Obviously that is just Elon musk, he shared something and that was the first snowball that was rolled and it was a small thing but after that everyone started to buy and share and tweet and retweet and hashtag it and so forth for a very very long time and suddenly we look at the price and we see that price increased over 38k. Now that is not entirely thanks to Elon musk because others were part of it, but we could say that Elon musk was the first one to start it.

Yeah, that is true.

I think we can say that he can really make these things happen because he's Elon Musk although isn't he the one that benefitted from all of this? I mean it won't be that high in the future and for sure, we will be having some price dumps. Still, thanks to him more and more investors would be putting or investing into Bitcoin or maybe other cryptocurrencies as well since as far as I know, he's also into Doge.

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Quote from: buwaytress on February 04, 2021, 01:25:44 AM

So maybe we've got to end up spending 50% of our stashes. Maybe when Bitcoin goes to $1 million, we miss out on the big pay day but it's all that using and spending and selling that helped get us there, right?

Let the others do the spending, we can help to make it happen if we continue to spread the good news about bitcoin. Me either, I'm limiting my spending, before I used to gamble a lot using bitcoin but I realized in the 2nd bull run that any price is possible and I don't want to miss the next time it will reach to the moon.

1 BTC = 1 million usd, I think it will take time but it will likely happen.

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Quote from: buwaytress on February 04, 2021, 01:25:44 AM

Quote from: doomloop on February 02, 2021, 01:42:35 PM

-snip

Yup! I mean, I love "being in Bitcoin", earning it, using it, whatever, it rocks my boat. But I still try to remember it's still experimental. Looks really successful so far, and long may that continue to be, but at least if it ever goes to zero, spectacular crash, whatever, I'll at least want to look back and say the experiment did me some good. Paid for bills. Holidays. Made me look cool, whatever.

So maybe we've got to end up spending 50% of our stashes. Maybe when Bitcoin goes to $1 million, we miss out on the big pay day but it's all that using and spending and selling that helped get us there, right?

No doubt man, if we miss out we miss out, I already missed out on so many increases and I am totally fine with it, I paid few bills as well and like I said some emergency stuff, but I am really not that bothered by it. I do not buy bitcoin that is my thing, I earn it and that is why I can either spend it if I want or I could keep it if I want, it is all my personal choice and I really do not feel any attachment to it in an emotional sense.

It is experimental like you said and I think I am already hole and can say that I made all I can make from it, if I have to quit work because bitcoin crashed and go work in a regular job I would be fine with it too, obviously I rather keep this one going as long as I can, until I die, but if I can't, I am totally fine with it as well, I just do not see the point in people acting as if everyone has to hold forever.

buwaytress

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Quote from: doomloop on February 02, 2021, 01:42:35 PM

I have always found that a very logical argument for selling. For example my mom had a health scare back in 2018, she was scared to have a heart condition, thankfully nothing came out of it but I had to cash out almost 50% of all my bitcoins during that time, paid all the hospital bills and if I kept that now it would have been about 50k dollars, but at the time it was like 8k or so, I have missed out on 42k profit because of it. However do I feel regret? I certainly do not, because I needed to do that, and knowing that my mom is healthy and doing fine right now (except for a minor hernia which is really nothing compared to heart condition) that is worth more to me than any amount of money.

If you "need" to sell because of a reason, that is fine, and that is what I do, I buy because I think it will go up, and I will only sell if I need the money and not because I believe it would go down.

Yup! I mean, I love "being in Bitcoin", earning it, using it, whatever, it rocks my boat. But I still try to remember it's still experimental. Looks really successful so far, and long may that continue to be, but at least if it ever goes to zero, spectacular crash, whatever, I'll at least want to look back and say the experiment did me some good. Paid for bills. Holidays. Made me look cool, whatever.

So maybe we've got to end up spending 50% of our stashes. Maybe when Bitcoin goes to $1 million, we miss out on the big pay day but it's all that using and spending and selling that helped get us there, right?

sana54210

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Quote from: Janation on February 03, 2021, 04:29:36 AM

I don't even know how that invited more people to invest since just one hashtag made the price pump. I guess we can say that he is really influential and been followed by a lot of people that might be interested in some of his investment ventures the same with investors in his company.

Think of it like a snowball affect because that's what it is. If you stand at the top of a huge mountain all covered in a snow, if you throw in a small snowball and roll it down it will get bigger and bigger and bigger. Obviously that is just Elon musk, he shared something and that was the first snowball that was rolled and it was a small thing but after that everyone started to buy and share and tweet and retweet and hashtag it and so forth for a very very long time and suddenly we look at the price and we see that price increased over 38k. Now that is not entirely thanks to Elon musk because others were part of it, but we could say that Elon musk was the first one to start it.

Pamadar

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Quote from: Janation on February 03, 2021, 04:29:36 AM

Quote from: Saisher on January 30, 2021, 10:52:42 AM

Quote from: Janation on January 30, 2021, 06:21:30 AM

I don't know if Elon Musk really started this increase.

The price is not at $33K but it reached up to $36K which I thought would straight fall under the $20K price mark. Maybe this is just an increase since we all know how the market move right now but one of the reasons right now is the tweet or hashtag of Elon Musk talked in this thread: https://bitcointalksearch.org/topic/elon-musk-adds-bitcoin-to-his-twitter-bio-5313053

It's not a coincident he really has a part of the pump because it happens hours after his tweet and Elon is not an ordinary investor, he happens to be the richest man now, and what he says will have a big impact on the business industry, I hope we'll have another round of tweet for another round of pump.

Yeah, you are right. I think he really contributed at that pump.

Because of that hashtag, it pumped. I don't even know how that invited more people to invest since just one hashtag made the price pump. I guess we can say that he is really influential and been followed by a lot of people that might be interested in some of his investment ventures the same with investors in his company.

Interest to ride with his fame and we witness the after effect.

Elon Musk just use the hashtag and the price went up instantly, the correction that most of the investors fear to lose money just bounce back and provide another jump, those who manage to hold and buy more while experiencing the downfall are really gaining decent amount of money right now.

barbara44

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Quote from: BuNga_cute on February 01, 2021, 08:56:50 AM

I admit that there is indeed a connection between Elon Musk Twitter bio and the Bitcoin increase that occurred for 30 minutes, although finally
the price of Bitcoin is now down again to a price of $ 34k. But we all know that Elon Musk's influence is big enough to make the Bitcoin price
suddenly go up. Now the Bitcoin price is trying to go up again, because several times the Bitcoin price has tried to get past the $ 34k price.
Hopefully the Bitcoin price can really go up again this week.

Honestly if it was only because of Elon Musk, we wouldn't have gone up that much, just because he wrote that do you really think we have 100+ million dollars worth of followers buying bitcoin from the market? I doubt that honestly. However the price is still above 35k+ and that is the important part here, we should be focusing on that if we want to see what happened.

I do realize that obviously Elon did started it, but just because he started it doesn't mean that all of it was thanks to him, it was only the first few percentage was thanks to his followers and then it became a whole another thing of its own and that is why we are not seeing any drops anymore, we are just focusing on the 35k+ and we are probably going to even see 40k+ while elon is doing nothing. Bitcoin people should realize the power they themselves have and stop giving power to other people.

Janation

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Quote from: Saisher on January 30, 2021, 10:52:42 AM

Quote from: Janation on January 30, 2021, 06:21:30 AM

I don't know if Elon Musk really started this increase.

The price is not at $33K but it reached up to $36K which I thought would straight fall under the $20K price mark. Maybe this is just an increase since we all know how the market move right now but one of the reasons right now is the tweet or hashtag of Elon Musk talked in this thread: https://bitcointalksearch.org/topic/elon-musk-adds-bitcoin-to-his-twitter-bio-5313053

It's not a coincident he really has a part of the pump because it happens hours after his tweet and Elon is not an ordinary investor, he happens to be the richest man now, and what he says will have a big impact on the business industry, I hope we'll have another round of tweet for another round of pump.

Yeah, you are right. I think he really contributed at that pump.

Because of that hashtag, it pumped. I don't even know how that invited more people to invest since just one hashtag made the price pump. I guess we can say that he is really influential and been followed by a lot of people that might be interested in some of his investment ventures the same with investors in his company.

doomloop

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Quote from: buwaytress on February 01, 2021, 05:17:15 AM

Quote from: doomloop on January 31, 2021, 03:18:20 PM

Hell we had bigger increases all for regular increases, nobody or nothing really made us buy it, we just bought it because we thought it would go up, that is the key here and we need that.

That's really all there is to it at the end of the day isn't it? We buy because we believe it will go up. Although, I sell because I need the liquidation in cash, not because I believe it will go down. When you think about it, not everyone who sells believes it's going down, more people sell because they have to, than buy because they have to.

I have always found that a very logical argument for selling. For example my mom had a health scare back in 2018, she was scared to have a heart condition, thankfully nothing came out of it but I had to cash out almost 50% of all my bitcoins during that time, paid all the hospital bills and if I kept that now it would have been about 50k dollars, but at the time it was like 8k or so, I have missed out on 42k profit because of it. However do I feel regret? I certainly do not, because I needed to do that, and knowing that my mom is healthy and doing fine right now (except for a minor hernia which is really nothing compared to heart condition) that is worth more to me than any amount of money.

If you "need" to sell because of a reason, that is fine, and that is what I do, I buy because I think it will go up, and I will only sell if I need the money and not because I believe it would go down.

BuNga_cute

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I admit that there is indeed a connection between Elon Musk Twitter bio and the Bitcoin increase that occurred for 30 minutes, although finally
the price of Bitcoin is now down again to a price of $ 34k. But we all know that Elon Musk's influence is big enough to make the Bitcoin price
suddenly go up. Now the Bitcoin price is trying to go up again, because several times the Bitcoin price has tried to get past the $ 34k price.
Hopefully the Bitcoin price can really go up again this week.

buwaytress

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Quote from: doomloop on January 31, 2021, 03:18:20 PM

Hell we had bigger increases all for regular increases, nobody or nothing really made us buy it, we just bought it because we thought it would go up, that is the key here and we need that.

That's really all there is to it at the end of the day isn't it? We buy because we believe it will go up. Although, I sell because I need the liquidation in cash, not because I believe it will go down. When you think about it, not everyone who sells believes it's going down, more people sell because they have to, than buy because they have to.

Quote from: exstasie on January 31, 2021, 06:25:38 PM

I'm also leaning bearish myself. Full retrace from $38K and failure to retake the technically significant $35K level....those are typical bearish signs. To boot, we never saw a high volume capitulation in the $20Ks. Like you said, just weak ass tests. The market may need to truly flush out top longs and weak hands before the bull market can continue. There just isn't excess demand at these price levels, not right now.

Yeah, still early days and it really doesn't take that much for weak hands to reveal themselves. We will need some serious bears to dust themselves off and get serious about forcing Bitcoin to find a floor though. No one's committing anything is why we're not getting any strong signals yet.

Japinat

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Quote from: MyCryptoDomains on January 29, 2021, 04:00:38 AM

What's gong on?

You can't hold the pump nor the dump to come out. That is how the market works and so many factors affecting it. And it is very simple, we have to go along with the flow as we are not in control of it.

From $10k, jump to $20k, $30k, and finally stops at $40k plus. That is very surprising and not all of us are preparing for that. And yet, who knows that by tomorrow we dump at $30k or $20k?
It is very unpredictable, it only makes us crazy if we keep watching on the chart and tried to catch what will happen next.

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Quote from: buwaytress on January 31, 2021, 04:11:32 AM

Quote from: adaseb on January 30, 2021, 01:23:44 AM

The bio change is more relavent because it was minutes apart when the pump happened. This is basically equilvant to the Xi pump back in 2019 however I don't like how the entire pump pretty much retraced. This points to signs of a weak bull market.

This is similar to what happened in Oct 2019 with the Xi pump, it was the largest candle in BTC history however price eventually engulfed the entire move and went lower. And we were trading sideways more months and that $10K resistance was tested twice before it finally broke.

So hopefully we start to go back up from $33.4K area or we will most likely go back down to $30K and this time it will break and we will be in the mid $20k's. I am getting a little bearish at this price action.

Like you, am expecting some blood some time soon. The sub 30k tests we've had already have really been weak ass.

I'm also leaning bearish myself. Full retrace from $38K and failure to retake the technically significant $35K level....those are typical bearish signs. To boot, we never saw a high volume capitulation in the $20Ks. Like you said, just weak ass tests. The market may need to truly flush out top longs and weak hands before the bull market can continue. There just isn't excess demand at these price levels, not right now.

doomloop

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Quote from: buwaytress on January 31, 2021, 04:11:32 AM

As much as I haven't really bought the options expiry theory, it's hard to ignore the consistent and consecutive correlations (price rushing to fill the gap especially). In both cases (bio or options expiry) the retrace is usually as heavy and sharp, so no surprise there.

Like you, am expecting some blood some time soon. The sub 30k tests we've had already have really been weak ass.

It wasn't as heavy though, price was around 32k levels and moved to 38k levels and tracked back to 34k levels, same with doge, sure it is a "small increase" in theory but the fact that it didn't dropped as much as it was is the key point here, which means if we could really work hard for something a lot more frequent than this, and end up having these huge increases back to back, like weekly, we could potentially break over 40k in a month.

However this happens very rarely so usually they are null point, so what if price increased, because it does this huge spike and less drop like every 6 months due to someone or something major and that means it is not important. Hell we had bigger increases all for regular increases, nobody or nothing really made us buy it, we just bought it because we thought it would go up, that is the key here and we need that.

buwaytress

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Quote from: adaseb on January 30, 2021, 01:23:44 AM

It was either the options expiry which happened right before or the Elon Musk bio change. The bio change is more relavent because it was minutes apart when the pump happened. This is basically equilvant to the Xi pump back in 2019 however I don't like how the entire pump pretty much retraced. This points to signs of a weak bull market.

This is similar to what happened in Oct 2019 with the Xi pump, it was the largest candle in BTC history however price eventually engulfed the entire move and went lower. And we were trading sideways more months and that $10K resistance was tested twice before it finally broke.

So hopefully we start to go back up from $33.4K area or we will most likely go back down to $30K and this time it will break and we will be in the mid $20k's. I am getting a little bearish at this price action.

As much as I haven't really bought the options expiry theory, it's hard to ignore the consistent and consecutive correlations (price rushing to fill the gap especially). In both cases (bio or options expiry) the retrace is usually as heavy and sharp, so no surprise there.

Like you, am expecting some blood some time soon. The sub 30k tests we've had already have really been weak ass.

XCANA

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Quote from: MyCryptoDomains on January 29, 2021, 04:00:38 AM

What's gong on?

Nothing much went on, bitcoin has always be what it was meant to be from history, we have seen similar situations like this when the said bitcoin will rise and go down but this time the social media attributed this pump to Elon Musk. Although he tried in dogecoin but can't see reason why he's be accorded the reason for bitcoin 30minutes pump.

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Quote from: Saisher on January 30, 2021, 10:52:42 AM

Quote from: Janation on January 30, 2021, 06:21:30 AM

I don't know if Elon Musk really started this increase.

The price is not at $33K but it reached up to $36K which I thought would straight fall under the $20K price mark. Maybe this is just an increase since we all know how the market move right now but one of the reasons right now is the tweet or hashtag of Elon Musk talked in this thread: https://bitcointalksearch.org/topic/elon-musk-adds-bitcoin-to-his-twitter-bio-5313053

It's not a coincident he really has a part of the pump because it happens hours after his tweet and Elon is not an ordinary investor, he happens to be the richest man now, and what he says will have a big impact on the business industry, I hope we'll have another round of tweet for another round of pump.

Significant or not but since it do able to react when he made out that tweet then it does shows that this market is really reactive on what those big personalities do really say off.
We cant deny that this man is a rich man and capable of investing into something and if he shows up interest in bitcoin then that would really be a probably a sign that this
market will really be dragged on to new heights if he would invest and that way people do really react first and wont really be tending out to missed out the train.
Typical market reaction specially for people who do always look out for fundamentals but overall speaking of movement on 4k+ in under 30 minutes isnt something
rare that you an see into this market.

Topic: BTC is up $4500 in 30 munites? (Read 594 times)