Topic: India's btc price speculation thread !! - page 2. (Read 2144 times)
i think human psychology is also playing a large role here.. most of the gpu miners have started mining alt coins. ASICS delivery have started and are driving difficulty exponentially.. DDOS attacks are less publicised now.. people have brains and understand pump and dump schemes as they happen.. even gox is trying to get better and hopefully better exchanges are coming up in the near future.. but every body is still looking for a major correction and drop of prices below 100 so that they can buy in.. maybe thats why the volumes are low and the reason prices are getting stable.. Future seems bullish but right now i think the bears are winning..
I dont think the coinbase had any major effect.. also the china hype failed to drive the prices up.. i think the era of volatility base on news and hypes is nearing end.. only the pump and dump seems to be working.. supernodes now control the market and thats just sad..
Coinbase has not yet announced a project outcome from the funding. I am sure that 5mil funding will cause a market cap increase of atleast 50 - 500 mil.
LTC may survive, but the rest are dooooomed. lol
Or...
Once the difficulty of alt cryptos drops because miners leave, others may jump in and start promoting their alt coin investment.
I dont think the coinbase had any major effect.. also the china hype failed to drive the prices up.. i think the era of volatility base on news and hypes is nearing end.. only the pump and dump seems to be working.. supernodes now control the market and thats just sad..
Markets have such low volumes.. i think bitcoin is getting stable now.. although this week was the week of international bank holidays across the world.. come Monday and we might just see the volatility back on.. i seriosly hope the much awaited dump comes and it rains cheap coins again..
I have not yet seen the impact from the Coinbase funding and the GYFT announcement.
I assume that will be seen this coming week.
Markets have such low volumes.. i think bitcoin is getting stable now.. although this week was the week of international bank holidays across the world.. come Monday and we might just see the volatility back on.. i seriosly hope the much awaited dump comes and it rains cheap coins again..
IMHO Bitcoin is just a bit overpriced at the moment and its due for a small correction.
BUT
Such inactivity and low volume generally tends to a strong, slow long term rally. But this is speculation and you know that.
I dont think Bitcoin is some special currency or magic. It is also bound to demand and supply rules of economics. The tricky part is almost everyone is convinced that Bitcoin value will be high and high and high due to the limited supply and value it offers. This adds a real new perspective to existing economics view. Most of people who can afford to hoard will hoard bitcoins and will keep collecting them.
The only strategy that should work is buying at regular intervals to average out your investment price. In long term it should go high and in short term it will be volatile. Day trade only if you know what you are doing
Cheers
BUT
Such inactivity and low volume generally tends to a strong, slow long term rally. But this is speculation and you know that.
I dont think Bitcoin is some special currency or magic. It is also bound to demand and supply rules of economics. The tricky part is almost everyone is convinced that Bitcoin value will be high and high and high due to the limited supply and value it offers. This adds a real new perspective to existing economics view. Most of people who can afford to hoard will hoard bitcoins and will keep collecting them.
The only strategy that should work is buying at regular intervals to average out your investment price. In long term it should go high and in short term it will be volatile. Day trade only if you know what you are doing
Cheers
Prices have seen almost no movement for 2 days.
Some big move is coming.
Bearish maybe, not sure ?
Some big move is coming.
Bearish maybe, not sure ?
Coinbase funding did not seem to do much to prices.
Looks like this may stay stable or drop until the Coinlab issues are sorted out.
That is speculation of course.
Unless FB does an implement, we know that they have been attending conferences, etc.
Or something else that comes into the picture, selling something that people really need.
Prices have seen almost no movement for 2 days.
Some big move is coming.
Bearish maybe, not sure ?
Some big move is coming.
Bearish maybe, not sure ?
So what do Indian miners , sellers , buyers etc. feel about the recent slump in price . Where is the price headed too ? Was the $250 the peak that bitcoin achieved ?
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