Topic: Bulltrap is done (Read 2015 times)

SegWit is cool, and so much more is on the way, but something even more incredible than that is happening. Over the last week, financial analysts all around the world woke up to bitcoin's proposition as a store of value, and as an uncorrelated asset class. Many did this publicly, and droves more without a platform from which to do so. It could still take months, but not much more than that. Billions of dollars of capital will be competing to work its way into Bitcoin, OTC markets are drying up and mining liquidity will be decreasing soon as well.

Just wait a bit. Brexit and slight panic caused by it will soon be done, but something even more groundbreaking is taking place right now.
Developers of Bitcoin added SegWit to the Core code - for now it is only for testing purposes and has no effect on the network. But expect price rise because of this news.

I don't focus on reaching $1000 at the time the block halving takes place. I lowered my target to reaching $800 which I am very happy with if it indeed turns out to go there.

630$.

I told you, next stop will be 600$. You should listen next time, stupid permabulls.

Most of the people on this forum are saying that Chinese are buying and selling in bulk. So by your statement, the chinese are the ones taking advantages and making a lot of profit. I am not sure until when this upward trend will continue. the Chinese must have some other plans than we are all expecting.

yeah, nice steps. and surprise, surprise who agrees with you, the guy who was saying bitcoin will crash to $100 for over a year and we have been rising ever since.


this guy gets it.

You Promise ?

So, if it *doesnt reach $500 later today, we *wont see you ?

*Ever again ? 

Oh damn, no you'll just go quiet only until it drops 5% next time and you spout more BS yet again.. 
oh well, we can hope.

I don't believe anything of the BREXIT nonsense. It's purely the good sentiment of the traders that is lowering. At the moment the price is trying to find a right level to settle at, but traders don't seem very comfortable as they are alert and ready to start selling like there is no tomorrow.

Market is still under manipulation as in last few days 10% up and down is usual movements. The one who can play with this cleaverly are making lots of profit for sure, but i think ultimate price trend will be uptrend before halving.

This prediction goes right along with my thinking and seems the most realistic that I have seen so far on this board. If you take into consideration the daily supply reduction, cost to produce 1 BTC (which for some reason people seem not to), and world financial turmoil, this makes a lot of sense to me.

At some point people will get their collective heads out of their asses and the price will rocket. I see this as the last year for 3 digit BTC.

It's all about manipulation and the attempts of taking influence as many guys have many different interests.

Bitcoin is Darwin money. It is here to stay permanently. The $10T+ market cap is real, most people just don't see it yet. There is massive fundamental utility in the transactions, not just as money, though that is definitely one use case, but also as a public ledger. Data can be coded into the transactions and read by anyone, and that is a valuable thing. Even if most people won't read this data yet, it is timestamped forever, and someday will be upheld by courts as legally binding. There is in fact no where else in the world that you can do this for $0.01.

You see a classic short pattern, but we see a classic Bitcoin moonshot pattern. All of us know that Bitcoins are worth at least $5-8k at this point in fundamental value, and barring some cataclysmic event turning off the lights, that will be $1m value soon enough. There is a lot of money sitting on the sidelines trying to get in slowly enough to not move the needle but still as quickly as they can. These short dips are manipulation tactics to try to shake any weak hands of their coin while they still can, before it's too late. By November this year we will see a run-up on par with November 2013.

I hope that Bitcoin does go to $250, I have some more fiat that I'm hoping to get in before the storm. Bit it won't. That $780 ceiling you saw last time will be completely busted next time. It will hold in the $900-1,200 range for a few months, and then we will see 2k. 3k. ?k.

There are some other factors such as the halving and that it's less regulated. Perhaps these factors offset the normal trends.

people are going to say what they want and keep saying it, all based on whatever bullshit they have in their head, there is no way that anyone knows and no way to predcit, but hey, keep on listening to the blah blah blah

Nahhhh, the bull run has yet to be started--and I'm usually not one to be wildly bullish.  We're at 656 now, and I think we'll probably hit $700 again before we hit $600.  We'll see.  The halving is still next month, and I'm sure people are still anticipating an enormous bull run and are going to be buying in.

Which means no one has fiat, risk and emotion involved? How is it any different except that companies have unknowns that affect price more? Market dynamics are still present

If it was a stock, then this pattern would be a classic pattern to short. But its bitcoin.

Further down to where? 200$?

You are always too optimistic kwukduck but don't worry I doubt it will fall under $600 today even with the actual dump

My holdings are 1% up. Which is nothing to very few of you and unbelievable to most of you. With very little risk involved.