Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!) - page 45.

pereira4

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Quote from: LFC_Bitcoin on December 07, 2017, 08:55:47 AM

Quote from: sgbett on December 07, 2017, 08:07:24 AM

Quote from: Bitcoinaire on December 07, 2017, 08:04:05 AM

The $3,000-$4,000 low will come in the blink of an eye. But first we retest $10,000 and maybe have a double top.

Yes it wont happen overnight, the $3700 bottom could be months/years if it follows the same pattern as before. I'm kinda sceptical it will as I am just as caught up in the euphoria as the next person. (despite being all in BCH, I have some Bitcoin ETF exposure in my pension)

could just keep going up!

See bold - Butthurt OP with no bitcoin’s, trying to influence weak hands & noobs. Nothing to see here. $3700 lol, how can you base any kind of prediction on the Gox debacle which caused that crash.

Try harder next time Grin

Convert some of that Ver shitcoin into bitcoin.

Good catch.. another altcoin bagholder attempting to get in at a cheaper price. Im sorry for your loss OP. We are not going to retest $3500 ever again, there are way too many people waiting to get in at higher prices, we have seen predicted dip prices to never be hit because people always get in before the predicted number is tested (because the market thinks other people will do the same, and this drives resistance points higher than expected).

Ektra

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Quote from: thecodebear on December 07, 2017, 10:01:49 AM

I really think you guys just aren't seeing that we've been having the crashes same as they always came in years past, but they are just recovering much quicker than they used to because Bitcoin is getting mainstream adoption, which means millions of people are coming in with new money, whereas in crashes from years ago when it crashed there wasn't much new money to come in to prop it back up so it would take maybe half a year to recover from a crash. We already saw this speeding up in the Spring when the big crash only lasted a month and a half. We saw it again in September when the crash lasted also maybe a month and a half. Ever since futures were announced there has been mass hype this past month and a half so we've even had two crashes that just looked more like quick corrections in november because the money coming into bitcoin is unprecedented so these crashes (no different then in years past) are now on the timescale of days or weeks instead of ~half a year (MtGox crash was obviously a whole different beast and tied to one specific traumatic event for the bitcoin community so the length of that crash is of no relevance).

Oh you sweet summer child... Wink

Labrader

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Aparently we've just experienced some sort of a lightning-fast correction, when the price dropped to some 14500 on several exchanges.

gatti

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Quote from: sgbett on December 07, 2017, 12:15:57 PM

Still watching bitcoinity like....

Me too bro.The price of Bitcoin is cross 16600$.I was doubt at whether I was in day dream.But it not show.I had just checked in coinbase wallet.This is the best time to hold and sell when the price stated to fall in huge manner.

sgbett

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Still watching bitcoinity like....

sgbett

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You could be right but as RyN said... be careful!

bocyaj

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Quote from: sgbett on December 07, 2017, 10:39:47 AM

Quote from: Labrader on December 07, 2017, 10:27:38 AM

Now it's almost 16300 on coinmarketcap and over 19000 on Coinone. So I wonder how the title of this topic is holding.

Still ok, we got $15.5 on regular exchanges. GDAX is being a bit weird. We'll see - very soon by the looks of it!

Now the price crossed 15.8 k$,waiting to reach 16,500$. Are you think it's very high .Not at all,I think within the end of the day the price move to the 16,000$.Happiest news for the all holder,it will reach more than this 16500$ expectation.My suggestion for all of you is to hold till this christmas.

sgbett

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Quote from: RyNinDaCleM on December 07, 2017, 09:48:49 AM

Funny how this forum (and people in general) repeats the same mistakes over and over again. A big (and I mean fucking BIG) crash will come. Most gains will be returned, and the euphoria will die. Nothing simply 100x's and doesn't suffer a bear market after. Bitcoin doesn't only go up and wallstreet doesn't come to pump everyone's pockets full. OP may have gone full retard with BCH but that doesn't change the fact that inevitable crashes are inevitable. What I find most concerning is the other guys who have been here through a few major bear markets still think it can't happen to Bitcoin.
It will rise again, but it can't just keep going forever. It must rest sometimes. In fact, until this bull run, Bitcoin spent more time correcting than rising. This was a sustainable rally until very recently. Now it is starting to get out of hand again.

Just be careful out there!

Wise words.

sgbett

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Quote from: Labrader on December 07, 2017, 10:27:38 AM

Now it's almost 16300 on coinmarketcap and over 19000 on Coinone. So I wonder how the title of this topic is holding.

Still ok, we got $15.5 on regular exchanges. GDAX is being a bit weird. We'll see - very soon by the looks of it!

Denker

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Quote from: sgbett on December 07, 2017, 08:54:01 AM

Quote from: Torque on December 07, 2017, 08:47:12 AM

Quote from: sgbett on December 07, 2017, 08:33:11 AM

Quote from: Torque on December 07, 2017, 08:29:25 AM

We have broad userbase support at ~$8k, and below that mining ROI support around $5-6k and climbing.

And with all the W$ money coming in, I highly doubt sub $10k coins wouldn't get snapped up in a heartbeat.

Yeah agreed and would tie in with what fabiourum is saying.

Maybe what is different this time around is that Bitcoin has so much momentum now that it cant do a full hype correction like it has in the past, so it might just do a first correction to 7-8k but then resume upwards instead of the long drawn out recovery with lower lows.

Well, I believe a big short would definitely be a shake out attempt and not a full on crash and burn. The biggest whales playing in the new futures markets want to exert their market dominance early on. It's all about control. Plus they want all the n00bs to shit their pants and panic sell, lol.

Yes, for sure crypto isn't going away. I do have an uneasy feeling about wall street coming. There is a huge assumption that they are just going to pump pump pump. I'm not sure that's how it works. I think there is an opportunity here for them to capitalise, they have deep pockets so they can short it all the way down to where they want to buy back in, then acquire.

Why would they pay todays prices?

Really? This is what you read?
All I read all the time is they gonna short short short Bitcoin to DEATH!
So what is it?
I tell you what. It's both bullshit!

Labrader

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Now it's almost 16300 on coinmarketcap and over 19000 on Coinone. So I wonder how the title of this topic is holding.

Koro-Sensei

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Quote from: sgbett on December 07, 2017, 07:34:39 AM

Hello,

Its been a while.

Imagine for a second that we are nearing the blow off top, I'm looking out for where we might ultimately form a new baseline (background)

I'm going to say ~$3700 looks good

As you all know, this run up started around $200

$200 to $3700 is $3500 increase. If we do a fib retrace of 78.6%, working the math we end up with that $3500 representing 12.4% of the overall expected gain before it corrects. That gives 3500/0.124 => $16300 gain.

$16,300 + starting point of $200 = $16,500

For now bitcoin has a burning value because it hit the $15000 mark before even the second or third week of december im not so good in numbers but i do commend your efforts.

thecodebear

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Quote from: RyNinDaCleM on December 07, 2017, 09:48:49 AM

Funny how this forum (and people in general) repeats the same mistakes over and over again. A big (and I mean fucking BIG) crash will come. Most gains will be returned, and the euphoria will die. Nothing simply 100x's and doesn't suffer a bear market after. Bitcoin doesn't only go up and wallstreet doesn't come to pump everyone's pockets full. OP may have gone full retard with BCH but that doesn't change the fact that inevitable crashes are inevitable. What I find most concerning is the other guys who have been here through a few major bear markets still think it can't happen to Bitcoin.
It will rise again, but it can't just keep going forever. It must rest sometimes. In fact, until this bull run, Bitcoin spent more time correcting than rising. This was a sustainable rally until very recently. Now it is starting to get out of hand again.

Just be careful out there!

I really think you guys just aren't seeing that we've been having the crashes same as they always came in years past, but they are just recovering much quicker than they used to because Bitcoin is getting mainstream adoption, which means millions of people are coming in with new money, whereas in crashes from years ago when it crashed there wasn't much new money to come in to prop it back up so it would take maybe half a year to recover from a crash. We already saw this speeding up in the Spring when the big crash only lasted a month and a half. We saw it again in September when the crash lasted also maybe a month and a half. Ever since futures were announced there has been mass hype this past month and a half so we've even had two crashes that just looked more like quick corrections in november because the money coming into bitcoin is unprecedented so these crashes (no different then in years past) are now on the timescale of days or weeks instead of ~half a year (MtGox crash was obviously a whole different beast and tied to one specific traumatic event for the bitcoin community so the length of that crash is of no relevance).

RyNinDaCleM

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Legen -wait for it- dary

Funny how this forum (and people in general) repeats the same mistakes over and over again. A big (and I mean fucking BIG) crash will come. Most gains will be returned, and the euphoria will die. Nothing simply 100x's and doesn't suffer a bear market after. Bitcoin doesn't only go up and wallstreet doesn't come to pump everyone's pockets full. OP may have gone full retard with BCH but that doesn't change the fact that inevitable crashes are inevitable. What I find most concerning is the other guys who have been here through a few major bear markets still think it can't happen to Bitcoin.
It will rise again, but it can't just keep going forever. It must rest sometimes. In fact, until this bull run, Bitcoin spent more time correcting than rising. This was a sustainable rally until very recently. Now it is starting to get out of hand again.

Just be careful out there!

sgbett

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Activity: 2576

Merit: 1087

Quote from: fabiorem on December 07, 2017, 08:35:43 AM

$16500 seems to coincide with sunday, which is the opening of CBOE futures.

I don't know what you are trying to suggest Wink

fabiorem

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Quote from: sgbett on December 07, 2017, 08:54:01 AM

Quote from: Torque on December 07, 2017, 08:47:12 AM

Quote from: sgbett on December 07, 2017, 08:33:11 AM

Quote from: Torque on December 07, 2017, 08:29:25 AM

We have broad userbase support at ~$8k, and below that mining ROI support around $5-6k and climbing.

And with all the W$ money coming in, I highly doubt sub $10k coins wouldn't get snapped up in a heartbeat.

Yeah agreed and would tie in with what fabiourum is saying.

Maybe what is different this time around is that Bitcoin has so much momentum now that it cant do a full hype correction like it has in the past, so it might just do a first correction to 7-8k but then resume upwards instead of the long drawn out recovery with lower lows.

Well, I believe a big short would definitely be a shake out attempt and not a full on crash and burn. The biggest whales playing in the new futures markets want to exert their market dominance early on. It's all about control. Plus they want all the n00bs to shit their pants and panic sell, lol.

Yes, for sure crypto isn't going away. I do have an uneasy feeling about wall street coming. There is a huge assumption that they are just going to pump pump pump. I'm not sure that's how it works. I think there is an opportunity here for them to capitalise, they have deep pockets so they can short it all the way down to where they want to buy back in, then acquire.

Why would they pay todays prices?

Well, for the self-fulfilling "prophecies" to work, they need to hold some thousands of bitcoins, and act like whales.

They just buy all the positions, which pump the price, then make a future contract speculating a fall to half the price. They use 10x leverage for the contract, then come back to the bitcoin exchange, dump all their coins by half of what they paid, and if they hit it, they receive 5x of what they spend. If they hit it, of course, if not they lose the bet. At least this is what I understood of it.

thecodebear

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Quote from: sgbett on December 07, 2017, 08:01:50 AM

Quote from: thecodebear on December 07, 2017, 07:47:04 AM

Well a correction is obviously incoming after the past few days. But obviously it's not going to go down that low haha. I expect just as all the other crashes this year it will go back to the base price of the current boom - $11k-$12k. It will recover back up to the ATH in a matter of days or weeks and we'll be over $20k not too long from now.

Bitocin has not experienced a major correction (crash) this year. Everything to date has been pretty tame. Look at the $60-$1200 sunup, lots of up and down along the way. Then you get the *real* correction.

Sorry buddy. We've had a few major corrections this year. You people hoping for another Mt. Gox will be waiting forever. The major corrections just happen on a much quicker time scale this year than previous years because bitcoin is finally starting to gain mainstream adoption (though obviously still very early in that process).

And yes I love how you cynics like to point at Mt. Gox as the model of Bitcoin crashes and you think that all Bitcoin crashes last for years, but that just isn't the case. That years long crash was due to one specific event.

If you look at the pattern of crashes you'll see that all of the crashes/corrections this year (there have been 4 since Bitcoin started going wild in May) fit the pattern of all the previous crashes, they're just coming at a much quicker period than previously, which makes perfect sense given that Bitcoin is now starting its mainstream adoption phase. The pattern is a significant pull back that goes down to around the previous high before the boom. That exact thing has happened 4 times since May. The big crash you're looking for is never coming, because it has already come 4 times since the spring you just haven't been recognizing them.

DaMut

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in my opinion we may be can see it when that time comes,
but at best it will only hit when the panic begins and the price will be retrace back to around $7000 more or less.
if we're standing at $3700 or around that for the time being,
do you think people will keep mining it while they can mining other coin and get a lot of profit from that.
indeed we're moving from around $700~$3000 this year,
but we can not meassure it by only using it alone.
there're a lot of factors that can determine Bitcoin price,
do not forget about a newly listing that will happen in some places in the near future.
do not forget about the demand that will be increase a lot from time to time,
and lastly do not forget about positive feedback from japanese that allow it in their country.
determining the price with only using chart will only work if the asset already stable.
Bitcoin ? it's far from that thing.

LFC_Bitcoin

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Quote from: sgbett on December 07, 2017, 08:07:24 AM

Quote from: Bitcoinaire on December 07, 2017, 08:04:05 AM

The $3,000-$4,000 low will come in the blink of an eye. But first we retest $10,000 and maybe have a double top.

Yes it wont happen overnight, the $3700 bottom could be months/years if it follows the same pattern as before. I'm kinda sceptical it will as I am just as caught up in the euphoria as the next person. (despite being all in BCH, I have some Bitcoin ETF exposure in my pension)

could just keep going up!

See bold - Butthurt OP with no bitcoin’s, trying to influence weak hands & noobs. Nothing to see here. $3700 lol, how can you base any kind of prediction on the Gox debacle which caused that crash.

Try harder next time Grin

Convert some of that Ver shitcoin into bitcoin.

sgbett

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Quote from: Torque on December 07, 2017, 08:47:12 AM

Quote from: sgbett on December 07, 2017, 08:33:11 AM

Quote from: Torque on December 07, 2017, 08:29:25 AM

We have broad userbase support at ~$8k, and below that mining ROI support around $5-6k and climbing.

And with all the W$ money coming in, I highly doubt sub $10k coins wouldn't get snapped up in a heartbeat.

Yeah agreed and would tie in with what fabiourum is saying.

Maybe what is different this time around is that Bitcoin has so much momentum now that it cant do a full hype correction like it has in the past, so it might just do a first correction to 7-8k but then resume upwards instead of the long drawn out recovery with lower lows.

Well, I believe a big short would definitely be a shake out attempt and not a full on crash and burn. The biggest whales playing in the new futures markets want to exert their market dominance early on. It's all about control. Plus they want all the n00bs to shit their pants and panic sell, lol.

Yes, for sure crypto isn't going away. I do have an uneasy feeling about wall street coming. There is a huge assumption that they are just going to pump pump pump. I'm not sure that's how it works. I think there is an opportunity here for them to capitalise, they have deep pockets so they can short it all the way down to where they want to buy back in, then acquire.

Why would they pay todays prices?

Topic: Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!) - page 45. (Read 24373 times)