Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL
Topic: Dead cat bounce, dreams shattered again. (Read 2778 times)
Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL
one of the things that can ruin bitcoin is the transaction queue size. It's growing rapidly, and the backend developers are not doing anything to fix it!
"Backend developers"? Not doing anything about it? You know nothing of Bitcoin and please avoid posting your useless and ignorant comments here. You should research on Bitcoin more to avoid looking dumb. Read up on Segwit and Bitcoin Unlimited and know what is going on in this holy war on the Bitcoin scaling debate.
He must be getting paid by or is a creator of some shitty altcoin that's going down the drain. I simply can't find another reason for his behaviour.
with the new forum feature in profiles the "started topics" is no longer a secret link like before, anybody can now click on it from kwukduck's profile and have a good laugh about it.
my favorite topics are those from last year and him saying price goes down to $200 every other week
my favorite topics are those from last year and him saying price goes down to $200 every other week
Lol good catch. He has so many "dead cat bounce" threads:
"The crash continues, dead cat bounce."
https://bitcointalksearch.org/topic/m.10086490
"Who bought this latest dead cat?"
https://bitcointalksearch.org/topic/m.10434758
"return of the dead cat"
https://bitcointalksearch.org/topic/m.10211279
"wow dead cat bounce. surprise!"
https://bitcointalksearch.org/topic/m.12844148
"SURPRISE! Dead cat bounce."
https://bitcointalksearch.org/topic/m.11281894
This guy is a broken record
with the new forum feature in profiles the "started topics" is no longer a secret link like before, anybody can now click on it from kwukduck's profile and have a good laugh about it.
my favorite topics are those from last year and him saying price goes down to $200 every other week
It is no secret that he is ultimate pessimistic individual bitcoinwise. I am wondering whether he is feels some kind of pleasure by neg talking bitcoin.my favorite topics are those from last year and him saying price goes down to $200 every other week
Or maybe he is secretly big whale or a trader who uses this FUD to lower price of BTC and then buy it cheaper?
Anyway, nothing he said so far turned out to be true, so we should be safe this time around.
with the new forum feature in profiles the "started topics" is no longer a secret link like before, anybody can now click on it from kwukduck's profile and have a good laugh about it.
my favorite topics are those from last year and him saying price goes down to $200 every other week
my favorite topics are those from last year and him saying price goes down to $200 every other week
It might be Schrodinger's cat
Lol, that's a good one.
The price floor for Bitcoin is 0
I don't know why this point can ever be challenged since the price floor of any asset (e.g. fiat currency or shares) which has no inherent (direct use) value is and has always been zero. This is high-school economics. Those who are claiming otherwise either don't know what they are talking about or are pursuing their own ends (e.g. attempting to persuade someone in or into something). Ultimately, I don't care if anyone disagrees, I'm just saying that this approach can be and often is fatal in trading (namely, thinking that the price can't go lower than some arbitrary "floor")
At one point in time price of gold was 0! Then civilizations accepted gold as payment and all other goods got paired with gold. Now we can say floor for gold is 0 also by this analogy, but not in our lives! Bitcoin will continue to rise over time, and it is very hard to espect price consolidate and find rest in near future..I don't know why this point can ever be challenged since the price floor of any asset (e.g. fiat currency or shares) which has no inherent (direct use) value is and has always been zero. This is high-school economics. Those who are claiming otherwise either don't know what they are talking about or are pursuing their own ends (e.g. attempting to persuade someone in or into something). Ultimately, I don't care if anyone disagrees, I'm just saying that this approach can be and often is fatal in trading (namely, thinking that the price can't go lower than some arbitrary "floor")
We can't say that
Price floor of gold is determined by its direct use. This includes but not limited to such uses of gold as in, for example, electronics and medicine (e.g. dental restorations and gold nanoparticles for malaria tests). I would also include jewelry here. In other words, if gold loses its shine as a financial asset (as a speculative vehicle as well as a store of value), it will still have a lot of uses. In fact, if we discover a gold asteroid Manhattan sized, the price of gold would likely collapse but its use will expand tremendously for its unique properties
How many times have you seen a dead cat bounce, then get back up again? The cat has to be dead to get a dead cat bounce. Stock die, sometimes bonds die. But bitcoin does not need your money and does not die
It might be Schrodinger's cat
How many times have you seen a dead cat bounce, then get back up again? The cat has to be dead to get a dead cat bounce. Stock die, sometimes bonds die. But bitcoin does not need your money and does not die.
The price floor for Bitcoin is 0
I don't know why this point can ever be challenged since the price floor of any asset (e.g. fiat currency or shares) which has no inherent (direct use) value is and has always been zero. This is high-school economics. Those who are claiming otherwise either don't know what they are talking about or are pursuing their own ends (e.g. attempting to persuade someone in or into something). Ultimately, I don't care if anyone disagrees, I'm just saying that this approach can be and often is fatal in trading (namely, thinking that the price can't go lower than some arbitrary "floor")
At one point in time price of gold was 0! Then civilizations accepted gold as payment and all other goods got paired with gold. Now we can say floor for gold is 0 also by this analogy, but not in our lives! Bitcoin will continue to rise over time, and it is very hard to espect price consolidate and find rest in near future.. I don't know why this point can ever be challenged since the price floor of any asset (e.g. fiat currency or shares) which has no inherent (direct use) value is and has always been zero. This is high-school economics. Those who are claiming otherwise either don't know what they are talking about or are pursuing their own ends (e.g. attempting to persuade someone in or into something). Ultimately, I don't care if anyone disagrees, I'm just saying that this approach can be and often is fatal in trading (namely, thinking that the price can't go lower than some arbitrary "floor")
one of the things that can ruin bitcoin is the transaction queue size. It's growing rapidly, and the backend developers are not doing anything to fix it!
How many people here waiting 500$ as another chance in Life? How devastating fud or bad news must be for this to happen? We must all agree that floor was 750$, so everything between 750$ and 1050$ is normal now.
I don't think we should all agree to that
Though you personally may think as you please. The floor is evidently at 0, and everyone should remember that, period. But that's not my point. Whenever you start thinking along these lines, i.e. you expect the price to floor at some figure (e.g. at 750 dollars) and top at another figure (e.g. at 1,050 dollars), you inadvertently expose yourself to the risk and danger of being fooled by the market since your chances of being right are basically equal to the chances of a broken clock being right at any arbitrary moment of the day, i.e. purely random, but that would still negatively affect your trading decisions. Obviously, this is a wrong approach since you'll be proven wrong more often than not
well the floor is where you are standing/sitting on.
in economy (or finance) we call a price floor when the price of that commodity can not go lower than that price or even if tried to it becomes very hard because of the big ressistance.
and you don't expect that price, you find that price by looking at the behavior of the market. aka looking at the charts.
and currently for bitcoin i'd say a price between $750 and $820 is a pretty solid assumption for the floor.
The price floor for Bitcoin is 0
I don't know why this point can ever be challenged since the price floor of any asset (e.g. fiat currency or shares) which has no inherent (direct use) value is and has always been zero. This is high-school economics. Those who are claiming otherwise either don't know what they are talking about or are pursuing their own ends (e.g. attempting to persuade someone in or into something). Ultimately, I don't care if anyone disagrees, I'm just saying that this approach can be and often is fatal in trading (namely, thinking that the price can't go lower than some arbitrary "floor")
Yes it can hit back to 500$, what is the big deal? You will wait for a while and will collect your profits from 1000$ just like everybody else did.
I wouldn't be sad if we ever see 500$ again, Instead, It would make me very happy.
The only thing bothers me is that the resistance above 1000-1100$. This is the second time we are coming back from that point and that means the sell resistance there is super strong. Regular hypes and China news aint enough to break that resistance at this point. We need more time i guess.
I wouldn't be sad if we ever see 500$ again, Instead, It would make me very happy.
The only thing bothers me is that the resistance above 1000-1100$. This is the second time we are coming back from that point and that means the sell resistance there is super strong. Regular hypes and China news aint enough to break that resistance at this point. We need more time i guess.
I would not be surprised if we had a significant drop even to $500. Any kind of bad news or manipulation can start a sell off. We went too high too quickly.
I really doubt we will ever see such price for bitcoin as 500$. Even some new hacking attract on wallets will not be able to drop the price for bitcoin so low.
But I expect to see some new fall in the price in couple of days on Chinese New Year when many people who hold bitcoins will cash some for the celebration.
Well, how about an exchange get hacked?But I expect to see some new fall in the price in couple of days on Chinese New Year when many people who hold bitcoins will cash some for the celebration.
Or China government ban bitcoin? (low chance)
Bad news make people panic and sell off their bitcoin.
But, as long as we're doing so well here, nothing to worry and enjoy the price fluctuate.
$500 seems impossible for now and I doubt it too, but we have to prepare just in case, right.
Wealth diversity is a good option to do, not only going all in and if something happen, we will regret.
How many people here waiting 500$ as another chance in Life? How devastating fud or bad news must be for this to happen? We must all agree that floor was 750$, so everything between 750$ and 1050$ is normal now.
I don't think we should all agree to that
Though you personally may think as you please. The floor is evidently at 0, and everyone should remember that, period. But that's not my point. Whenever you start thinking along these lines, i.e. you expect the price to floor at some figure (e.g. at 750 dollars) and top at another figure (e.g. at 1,050 dollars), you inadvertently expose yourself to the risk and danger of being fooled by the market since your chances of being right are basically equal to the chances of a broken clock being right at any arbitrary moment of the day, i.e. purely random, but that would still negatively affect your trading decisions. Obviously, this is a wrong approach since you'll be proven wrong more often than not
well the floor is where you are standing/sitting on.
in economy (or finance) we call a price floor when the price of that commodity can not go lower than that price or even if tried to it becomes very hard because of the big ressistance.
and you don't expect that price, you find that price by looking at the behavior of the market. aka looking at the charts.
and currently for bitcoin i'd say a price between $750 and $820 is a pretty solid assumption for the floor.
How many people here waiting 500$ as another chance in Life? How devastating fud or bad news must be for this to happen? We must all agree that floor was 750$, so everything between 750$ and 1050$ is normal now.
I don't think we should all agree to that
Though you personally may think as you please. The floor is evidently at 0, and everyone should remember that, period. But that's not my point. Whenever you start thinking along these lines, i.e. you expect the price to floor at some figure (e.g. at 750 dollars) and top at another figure (e.g. at 1,050 dollars), you inadvertently expose yourself to the risk and danger of being fooled by the market since your chances of being right are basically equal to the chances of a broken clock being right at any arbitrary moment of the day, i.e. purely random, but that would still negatively affect your trading decisions. Obviously, this is a wrong approach since you'll be proven wrong more often than not
How many people here waiting 500$ as another chance in Life? How devastating fud or bad news must be for this to happen? We must all agree that floor was 750$, so everything between 750$ and 1050$ is normal now.
What do we expect from kwuckduck. All he did is to make a thread like this which turns out to be very controversial. But anyway, if you read his topic carefully, there is something in what he is saying that looks hanging always. If only he would state what he really wanted us to know in full, then probably this is a good read. Sometimes his threads are like the reverse of what is happening, but it's good, this just strengthen the hold of the community on bitcoin.
But anyway, if you read his topic carefully, there is something in what he is saying that looks hanging always. If only he would state what he really wanted us to know in full, then probably this is a good read. Sometimes his threads are like the reverse of what is happening, but it's good, this just strengthen the hold of the community on bitcoin. 
Actually the price dipping is a good thing now that I've got to stack up on coins again. It's a good opportunity for everyone to buy back in again.
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