It shows that it is always sensible to buy BTC and HODL it. Of course, it is better to accumulate from the dip. But even buying from this level is okay to me actually. And I feel like we will see a huge increase in the price again before the end of this year and the price may even hit $100k.
I support the strong trust you can place on the future growth of Bitcoin's value. But all of that is just speculation so many people estimate the price of bitcoin by the end of this year could reach $ 100K. If that is the case, then we will see reforestation in 2017, Bitcoin is able to experience a significant increase within one year and could create a new ATH. 
Topic: Looks like BTC about to make its next leg up (Read 321 times)
Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions
I think it is good he is out of it.
I agree. I think it is good he is out of it.
Bitcoin can prove him wrong. It doesn't need his support at all. It is the King of cryptocurrencies and will always be.
The new guy won't understand it at all. He had never supported Bitcoin from the start so he won't feel the same way as our old timers here who had been with ups and down of the Bitcoin market.
Maybe, he should just stay supporting the joke coin and let it rekt him giving away free money for the small traders who had been playing the market of it.
Let it be his contribution for the crypto industry and not his tweets.
It looks like BTC is preparing for its next leg up.
It has been forming a base around 56,000. Also the bollenger bands are flat and growing closer. Look at April for a similar set up.
Another poster mentioned that whales are accumulating below 55,000, a good sign.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
It looks like BTC is preparing for its next leg up.
It has been forming a base around 56,000. Also the bollenger bands are flat and growing closer. Look at April for a similar set up.
Another poster mentioned that whales are accumulating below 55,000, a good sign.
Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions
I think it is good he is out of it.
I agree. I think it is good he is out of it.
Bitcoin can prove him wrong. It doesn't need his support at all. It is the King of cryptocurrencies and will always be.
The new guy won't understand it at all. He had never supported Bitcoin from the start so he won't feel the same way as our old timers here who had been with ups and down of the Bitcoin market.
Maybe, he should just stay supporting the joke coin and let it rekt him giving away free money for the small traders who had been playing the market of it.
Let it be his contribution for the crypto industry and not his tweets.
BTC is moving around 50000$ at this moment and it looks like it's going to jump back to its previous ranges. Also why everyone is jumping around like Elon is gonna sell his Bitcoins..!! He's not gonna, I bet he bought more in the dip and increased his Bitcoin portfolio.
They felt that they were betrayed by someone who doesn't even acknowledge their existence so they are mad at it like Elon was the Anti-Christ of bitcoin market and that if he was to stray away, the market will go down in flames and will never recover. I hope that the prices do really go up but I don't mind if bitcoin stays on this limbo for awhile now since there's still a lot of time for it to go back up. It looks like BTC is preparing for its next leg up.
It has been forming a base around 56,000. Also the bollenger bands are flat and growing closer. Look at April for a similar set up.
Another poster mentioned that whales are accumulating below 55,000, a good sign.
Why do you think or do you know that bitcoin is about to make its next leg up because the price you claim now bitcoin surpasses that before we experience the dump in the market. Bitcoin price will still rise but I don't why it is linked to this particular price you mentioned 56,000.
It's probably the support price for now that's why it is very important to at least maintain it before an imminent break out run that the OP is saying. Regardless though, we have been forming this trend for several weeks now, not going to $60k and every attempt is rejected.
So let's see if TA can 'predict' our next leg up, we still have a week to do so.
You can't only rely upon TA.
https://finance.yahoo.com/news/bitcoin-sinks-after-elon-musk-says-tesla-will-not-accept-the-digital-coin-for-transactions-223139231.html
Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions
I think it is good he is out of it.
Of course, TA is not an exact math, everything is just base on numbers and past historical records. So still a hit or miss specially when there's some kind of negative news like the Elon Musk tweet or his announcement about Tesla not accepting BTC anymore as mode of payment. Now, he lost crypto enthusiast clients. Elon didn't lose anything because he is not selling his bitcoin. The only thing that suffered is his stocks as it goes down as well.
BTC is moving around 50000$ at this moment and it looks like it's going to jump back to its previous ranges. Also why everyone is jumping around like Elon is gonna sell his Bitcoins..!! He's not gonna, I bet he bought more in the dip and increased his Bitcoin portfolio.
We don't know what inside his mind but following his influence from the business side, the possiblities that
he's buying for more is very possible, he knows how the sentiments of most investors and shaken them by
creating some damage to the market will simply make this fall, opportunities for him to buy and hold and
make more money out from this market.
NO.Elon Musk isn't out of Bitcoin,because he didn't sell all his BTC.Tesla sold only a small amount of BTC.
Do you really believe in this? Tesla is Elon. If they sold it's because he told them so. Him saying that it was Tesla, not him is so childish and stupid like he's laughing at us thinking we're idiots or something.
Quote
However,he will continue to create turbulence and panic in the crypto markets with his unpredictable behavior and BS tweets.
Because he has a reason for it and the reason is money. He wants to pump another coin and show Bitcoin as weak compared to it. I wouldn't be surprised if it was Cardano which is pumping like crazy despite the rest of the market going red.
Quote
It's funny how everyone was positive and optimistic about Bitcoin and after a tweet from Elon Musk,most of the people just freak out and join the FUD.
Can't we just calm down.The crypto markets are getting out of control.
Can't we just calm down.The crypto markets are getting out of control.
We still are, don't be fooled by trolls.
BTC is moving around 50000$ at this moment and it looks like it's going to jump back to its previous ranges. Also why everyone is jumping around like Elon is gonna sell his Bitcoins..!! He's not gonna, I bet he bought more in the dip and increased his Bitcoin portfolio.
Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions
I think it is good he is out of it.
NO.Elon Musk isn't out of Bitcoin,because he didn't sell all his BTC.Tesla sold only a small amount of BTC.
However,he will continue to create turbulence and panic in the crypto markets with his unpredictable behavior and BS tweets.
It's funny how everyone was positive and optimistic about Bitcoin and after a tweet from Elon Musk,most of the people just freak out and join the FUD.
Can't we just calm down.The crypto markets are getting out of control.
Why do you think or do you know that bitcoin is about to make its next leg up because the price you claim now bitcoin surpasses that before we experience the dump in the market. Bitcoin price will still rise but I don't why it is linked to this particular price you mentioned 56,000.
It's probably the support price for now that's why it is very important to at least maintain it before an imminent break out run that the OP is saying. Regardless though, we have been forming this trend for several weeks now, not going to $60k and every attempt is rejected.
So let's see if TA can 'predict' our next leg up, we still have a week to do so.
You can't only rely upon TA.
https://finance.yahoo.com/news/bitcoin-sinks-after-elon-musk-says-tesla-will-not-accept-the-digital-coin-for-transactions-223139231.html
Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions
I think it is good he is out of it.
Yeah for sure.
From a technical analysis perspective BTC does seem to be ready to break out. It has been hovering around the $50k mark for quite a while and forming a really good support level from which to springboard off.
With the massive institutional interest, it's really going to be a matter of time before $60k hits. There's still some caution in the market right now which is the reason why prices are subdued - perfect time to load up.
From a technical analysis perspective BTC does seem to be ready to break out. It has been hovering around the $50k mark for quite a while and forming a really good support level from which to springboard off.
With the massive institutional interest, it's really going to be a matter of time before $60k hits. There's still some caution in the market right now which is the reason why prices are subdued - perfect time to load up.
Looks like an end-times collapsening to me.
Unfortunately, I'm very late to the party and have a high cost basis.
People have been saying they're late to the party since BTC cost less than $100. I still think there is more room for BTC to grow than most people give it credit for. I think we're going to keep climbing in waves for the rest of my life.
As to the link I hope this forum doesn't allow malware. Does it?
I don't think the forum has any means for preventing people from posting suspicious links. It's best to not rely on something like the forum to protect you from navigating to questionable places.
I'm sure it's fine, but I've been in the habit not to click anything.
It looks like BTC is preparing for its next leg up.
It has been forming a base around 56,000. Also the bollenger bands are flat and growing closer. Look at April for a similar set up.
Another poster mentioned that whales are accumulating below 55,000, a good sign.
nice lil pump and dump trick
have a crap tonne of coins
build a wall at $56k
let the minnows put their orders at $56k->$57k(above yours).. sell some of your coin above that. ...
...
then cancel your wall and watch the price dip
then buy more coin using your $57k stash to buy in at $54.. nice easy ~6% profit in one day
It looks like BTC is preparing for its next leg up.
It has been forming a base around 56,000. Also the bollenger bands are flat and growing closer. Look at April for a similar set up.
Another poster mentioned that whales are accumulating below 55,000, a good sign.
Another poster mentioned that whales are accumulating below 55,000, a good sign.
And they now have a chance again as bitcoin goes a bit low this time @ $54k.Another sign that they're going to accumulate again and they're going to get more by this time as it gets a little low.
BTC is gonna grow big this year and I'm surprised some people don't have the hints in their faces already.
It's ok because they're looking at the surges in the altcoins market which can't be ignored. But once bitcoin starts to show how it goes on the top, they'll all be left behind or at least some will also go up with it. Why do you think or do you know that bitcoin is about to make its next leg up because the price you claim now bitcoin surpasses that before we experience the dump in the market. Bitcoin price will still rise but I don't why it is linked to this particular price you mentioned 56,000.
It's probably the support price for now that's why it is very important to at least maintain it before an imminent break out run that the OP is saying. Regardless though, we have been forming this trend for several weeks now, not going to $60k and every attempt is rejected.
So let's see if TA can 'predict' our next leg up, we still have a week to do so.
Jump to: