Topic: capitulation. (Read 4778 times)
Now this is a necropost…
Bitcoin will go back up. If you look at the trade volume in dollars it is remarkably high even with the lower price. I do not think the trade volume will go down. Once the volatility simmers down a bit, I think the base price of bitcoins will increase. So just wait. This is my prediction... take it or leave it.
Take it! I agree. What goes straigth up. Reminescent of the '99 tech boom. Not the attitude on the way up, that was too fast. But all the sadness now that we've lost, oh, $20 in a couple days!! Understandable.
Dead cat bounce loometh!!!
It's approaching 30 again, think it might pass tomorrow. Damn those slow banks, wanted to buy at below 20...
OP don't tell me you are that guy who said he was going to put his life savings into Bitcoin?
I used to play poker before the OTHER black Friday and I plowed my whole bankroll into Bitcoin. I still have other assets, but bitcoin is my largest holding.
Who are you addressing?
The original poster. I completely agree with your post, and I love the volatility! If you want something less crazy go buy CDs!Ha! Right, Certificates of Depreciation.....!!
"God favors the bold"!!
Who are you addressing?
The original poster. I completely agree with your post, and I love the volatility! If you want something less crazy go buy CDs! Jesus, no need to be so dramatic. The price fluctuates, it's a thinly traded market, calm down.
Who are you addressing?
Jesus, no need to be so dramatic. The price fluctuates, it's a thinly traded market, calm down.
When someone with 150k can move the entire market to 1.5x or 2/3 the price if they wanted, I wouldn't take it so seriously... it could swing in any direction.
These swings happen like they do because the liquidity is so thin. As more bitcoins enter the market and other types of trade (options, etc) enter the fray the volatility should simmer down.
Professional traders will love this volatility in the meantime. Wait for the tactics these guys start using: disinformation, pump-n-dump, email campaigns.....
When someone with 150k can move the entire market to 1.5x or 2/3 the price if they wanted, I wouldn't take it so seriously... it could swing in any direction.
Yep. It's just like any thinly traded penny stock. A single VC or bored trader can skyrocket or tank the value.
When someone with 150k can move the entire market to 1.5x or 2/3 the price if they wanted, I wouldn't take it so seriously... it could swing in any direction.
Well,
1. Big money and bank transfers are asleep on weekends. Bitcoin always dips.
2. Bitcoin has always been a thin, highly volatile market. After a huge rise amid "200,000% increase!" headlines on the front of Yahoo! Finance, you can expect huge drops.
1. Big money and bank transfers are asleep on weekends. Bitcoin always dips.
2. Bitcoin has always been a thin, highly volatile market. After a huge rise amid "200,000% increase!" headlines on the front of Yahoo! Finance, you can expect huge drops.
calm down bro, even if you bought at the absolute peak, as long as you don't sell you have not lost a penny. Just wait.
It's not a loss until you sell at a loss.
Meanwhile, it's all unrealized.
I believe there is a future for Bitcoins. Right now, this is just someone f*ing with us.
Meanwhile, it's all unrealized.
I believe there is a future for Bitcoins. Right now, this is just someone f*ing with us.
Bitcoin will go back up. If you look at the trade volume in dollars it is remarkably high even with the lower price. I do not think the trade volume will go down. Once the volatility simmers down a bit, I think the base price of bitcoins will increase. So just wait. This is my prediction... take it or leave it.
All that means is that miners are dumping bitcoins as soon as they mine them. Trade volume should be low if miners mined and then held which would indicate bullish sentiment. The question is whether or not miners are the smart money or merely mercenaries.
This is true, however I think the trade volume in dollars will be consistently high in the next month. People aren't going to just forget about Bitcoin so soon. People want to be dealing in Bitcoins, whether it's buying or selling.
OP don't tell me you are that guy who said he was going to put his life savings into Bitcoin?
Bitcoin will go back up. If you look at the trade volume in dollars it is remarkably high even with the lower price. I do not think the trade volume will go down. Once the volatility simmers down a bit, I think the base price of bitcoins will increase. So just wait. This is my prediction... take it or leave it.
All that means is that miners are dumping bitcoins as soon as they mine them. Trade volume should be low if miners mined and then held which would indicate bullish sentiment. The question is whether or not miners are the smart money or merely mercenaries.
I think miners want their ROI first before they hold for the long term....
Bitcoin will go back up. If you look at the trade volume in dollars it is remarkably high even with the lower price. I do not think the trade volume will go down. Once the volatility simmers down a bit, I think the base price of bitcoins will increase. So just wait. This is my prediction... take it or leave it.
All that means is that miners are dumping bitcoins as soon as they mine them. Trade volume should be low if miners mined and then held which would indicate bullish sentiment. The question is whether or not miners are the smart money or merely mercenaries.
Bitcoin will go back up. If you look at the trade volume in dollars it is remarkably high even with the lower price. I do not think the trade volume will go down. Once the volatility simmers down a bit, I think the base price of bitcoins will increase. So just wait. This is my prediction... take it or leave it.
Take it! I agree. What goes straigth up. Reminescent of the '99 tech boom. Not the attitude on the way up, that was too fast. But all the sadness now that we've lost, oh, $20 in a couple days!! Understandable.
Dead cat bounce loometh!!!
Bitcoin will go back up. If you look at the trade volume in dollars it is remarkably high even with the lower price. I do not think the trade volume will go down. Once the volatility simmers down a bit, I think the base price of bitcoins will increase. So just wait. This is my prediction... take it or leave it.
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