Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL
Topic: Dead cat bounce, dreams shattered again. (Read 2791 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.
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.
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.
Stop trying to predict the future kwukduck. You're wrong way too often. If you said there would be $100 dip based on anything going on in the market currently maybe we could take you seriously. We know about the segwit problem. We know about the block size issue. Yet the price is where it is. Maybe if these issues get fixed we'll see $1500! Ever think of it that way?
Bitcoin in the $900's
Dreams shattered again.
How will we ever pick ourselves up?
Posting gold.
Dreams shattered again.
How will we ever pick ourselves up?
Posting gold.
I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Can you explain to us how you think the "fundamentals" are flawed? You keep posting here and fail to explain why you keep saying Bitcoin will fall. So you are really wasting your time because everyone will start to ignore you soon.
Is this you in disguise posting some bullshit again?
Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL
I don't know about you, but to me this cat looks pretty much alive
Though this doesn't mean of course that it will be able to make it "to the moon". Regarding flawed "fundamentals", I think the OP refers mainly to the lack of progress in Bitcoin development and delayed introduction of new features like SegWit and Lightning Network. But since he doesn't seem to be going to explain what he actually meant to say, these are all wild guesses, anyway. Most likely, though, he is just a troll and should get banned
I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Dreams shattered? You're talking about yourself, right? Because the price didn't tank further yesterday, but instead, it recovered nicely. Ok, according to you, Bitcoin's fundamentals are flawed and not being fixed, then what makes you constantly waste your time here? If people were to believe you months ago, the price wouldn't touch the $1000 level again, ever. But it did.
Yet again you and your shitty bots creating nonsense threads haven't had any effect. I almost feel sorry for you... NOT! 
Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL
I notice that each time there's a price increase you are here to say something about it, and if the price is falling you are also here to bring more scare to many... But anyway, care to share what kind of solution do you have to solve this problems that you are mention, or do you have something in mind that you know that you want to share to us? Anyway, $1000 is not expected by many to happen instantly after 800+ few weeks ago... 
Unless another pump is going to start soon
Though it is unlikely just after the recent pump and dump. People are scared and on alert right now, so whenever the price tries to massively rebound folks are starting to sell no less massively. There is no strong foundation for a new price surge in the range of hundreds dollars today. The December pump (as well as the dump that followed) was perfectly timed, and we may have to wait for a few months till the dust settles and the sun shines again. My own "prophecy" is that we may see the real rise only closer to summer, when people forget about their fears
I notice that each time there's a price increase you are here to say something about it, and if the price is falling you are also here to bring more scare to many... But anyway, care to share what kind of solution do you have to solve this problems that you are mention, or do you have something in mind that you know that you want to share to us? Anyway, $1000 is not expected by many to happen instantly after 800+ few weeks ago...
See you at $500.
new year, new price for kookoo's FUD speculations
last year it was $200 and further back it was $10 and now he upped his price to $500, haha keep making us laugh.
One [cat] Flew Over the KucKoo's Nest
LOL. Yeah, it's because he wants to be famous for his wild guesses that is why he keeps on posting this kind of shit. He's just waiting for one big hit so he can brag. I don't know what he'll get from it, maybe just fame but nothing really special or profitable.
See you at $500.
new year, new price for kookoo's FUD speculations
last year it was $200 and further back it was $10 and now he upped his price to $500, haha keep making us laugh.
One [cat] Flew Over the KucKoo's Nest
Another prophet of bitcoin here. Just blurting out some theories just waiting for it to realize. When it does happen (which most likely will not), he'll be rubbing it all in are faces and saying "I told you so." But if it does not happen, expect silence. A long and deep silence.
I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Can you explain to us how you think the "fundamentals" are flawed? You keep posting here and fail to explain why you keep saying Bitcoin will fall. So you are really wasting your time because everyone will start to ignore you soon.
Omg ... why are you here? Are you not going to do something about bitcoin's code yourself? If you have the answers then typing like a keyboard warrior on bitcointalk wont do anything at all for you.
I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Nice trolling dude, are you high?
I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL
Well, even if we're heading to $500 instead of climb to $1000, that is a great time to buy and we'll have another pump to reach $1000 again. I think, we may stay at this fluctuations for a while and see an amazing increases in March.
I love the image of the cat, look like it alive
trying to reach the moon. 
I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
We are headed back to $1000. If you thought that it would be achieved in a few days, then it would be greedy.
Just because Bitcoin has declined by 1% yesterday doesn't make the rebound a dead cat bounce.
It's possible we will follow the way of April to September 2013.
Then, the Bitcoin price first dropped from 266 to 50 in few days. But rapidly it recovered to a stable price of 120-130. It went down again once more, but then definitively recovered and started the well-known November '13 rally.
Volatility is a bit lower now than 2013 when the hype just began and there was a high degree of manipulation by MtGox. So the 5000 CNY (730-750 USD) region may have been the first bottom, and we're heading now to a stable price around $900. We then in some weeks or even months may go down again to the ~800 USD region . If at this second bottom the volume is high enough I think the way to a rally with a new ATH is open - if there are no fundamental reasons for a further decline.
Then, the Bitcoin price first dropped from 266 to 50 in few days. But rapidly it recovered to a stable price of 120-130. It went down again once more, but then definitively recovered and started the well-known November '13 rally.
Volatility is a bit lower now than 2013 when the hype just began and there was a high degree of manipulation by MtGox. So the 5000 CNY (730-750 USD) region may have been the first bottom, and we're heading now to a stable price around $900. We then in some weeks or even months may go down again to the ~800 USD region . If at this second bottom the volume is high enough I think the way to a rally with a new ATH is open - if there are no fundamental reasons for a further decline.
Kwuk is a permabear because he thinks the protocol is broken. Whether it is or not, that aspect has little to no actual effect on current price movements. So even when the price goes down, he's still wrong.
Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL
I wonder how you feel now the price has bounced back to $920 right now. I have been reading that you sold your coins at $10 back in the days, which perfectly explains why you throw around with hate and fud to get the best of newbies here. Can anyone point me to a thread or something that indeed shows him having said that he sold his coins at such low prices? Btw.... Don't get happy when the price starts heading down again as it's purely normal and expected volatility. Market hasn't been any different lately.
See you at $500.
I am sure that we will faster see another new ATH than bitcoin will drop to $500. There is literally zero indicators that there will be another panic, downward trend or other negative occurrence.
You are just spreading FUD and you can't back it up with anything so you say "situation is bad", yeah for you it is always bad.
Your dream of getting the price of bitcoin at $500 a piece is just too ambitious after the news of Chinese exchanges getting regulated has faded and the price is getting stronger and i would expect that the price of bitcoin would trade between $850 and $950 for some time and it will be a stable growth from now on and it might take a while to break the $1000 resistance.
Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL
See you at $500.
I thought it was double digits or something...
I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Wrong, this is just chinese whales using the chinese regulation news to short and buy cheaper. The overall trend is still up, the china news are increasingly less effective in crushing the price, so they will realize they will make more money going long. Sorry for your loss as you obviously had short positions. See you at 1000$ you punk.
Your ideas are somekinda true about we need lot more to stabilize around $1000.
But I cannot see any reason for it to hit back $500 while lot of people are long in it.
But I cannot see any reason for it to hit back $500 while lot of people are long in it.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
i think is very dificult and long time
is youre prediction bitcoin price can down until reach 500 dollar
maybe never accident bitcoin price down to 500 dollar, before big news and big accident
i am glad to see so many others are realizing the depth of the FUD that kwukduck spreads in this forum every time there is a small price change and he wants his buy orders filled.
and yet he doesn't retire
and yet he doesn't retire
I doubt we will drop that low, but I could definitely see us going back to the $750-800 range in the next week or two.
I think a lot of people expected us to reach a new ATH when we hit the $1100 range and will panic sell every time they see the price drop a few percent.
The next few weeks are going to be interesting. I'm waiting to see what policies Donald Trump will propose regarding trade regulations with China.
This could cause the value of Chinese currency to change. We saw what happened to Bitcoin last time RMB changed a few percent in a day.
I think a lot of people expected us to reach a new ATH when we hit the $1100 range and will panic sell every time they see the price drop a few percent.
The next few weeks are going to be interesting. I'm waiting to see what policies Donald Trump will propose regarding trade regulations with China.
This could cause the value of Chinese currency to change. We saw what happened to Bitcoin last time RMB changed a few percent in a day.
Sudden increase in price happened today, but on the same day the price has started to fall down towards the value from which the price grew. Importantly price has been expected to increase within a short time after stabilizing as the Chinese New year is fast approaching. Can expect a price growth on such special occasion as China has got the largest users of bitcoin.
I doubt we will drop that low, but I could definitely see us going back to the $750-800 range in the next week or two.
I think a lot of people expected us to reach a new ATH when we hit the $1100 range and will panic sell every time they see the price drop a few percent.
The next few weeks are going to be interesting. I'm waiting to see what policies Donald Trump will propose regarding trade regulations with China.
This could cause the value of Chinese currency to change. We saw what happened to Bitcoin last time RMB changed a few percent in a day.
I think a lot of people expected us to reach a new ATH when we hit the $1100 range and will panic sell every time they see the price drop a few percent.
The next few weeks are going to be interesting. I'm waiting to see what policies Donald Trump will propose regarding trade regulations with China.
This could cause the value of Chinese currency to change. We saw what happened to Bitcoin last time RMB changed a few percent in a day.
I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
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