Momentum remains weak, price will dip again. - page 2.

UnDerDoG81

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Quote from: pereira4 on March 11, 2018, 11:27:04 AM

Quote from: UnDerDoG81 on March 11, 2018, 10:31:23 AM

It wont recover until that MtGox dump situation is cleared. Nobody wants to buy expensive coins so that trustee dick can sell on a higher price.

Well, according to recent developments, somebody is buying in and is buying in bigly:

This huge buy order must be some whale picking up the cheap coins, because most likely the trustee from the MtGox already got told to either stop dumping on the markets or else he'll end up dead. Not worth it to be rich when you are dead isn't it?

Now we are most likely going to see a recovery. There's the possibility that a bunch of idiots still keep panic selling nonetheless until an official statement by the Japanese government about their trustee going OTC is made tho, but you make money when you buy, you can't wait for the news to hit.

Or he crashed the market and buys back to start a bull run to sell further later.

If so, Karpeles would be death long time ago.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

i wouldn't call this weak, it is more like uncertainty than weakness. all thanks to the KobayashiGox FUD that is creating panic. the X and Y banned bitcoin news got old so a new type of FUD surfaced...

Quote from: fabiorem on March 11, 2018, 10:32:56 AM

The market is immature, 1% of the supply can crash it, due to the exchanges not having any control to stop crashes.

1% of supply is nearly 170k BTC which is worth nearly $1.7 billion! if we were at a point where dumping 1% of supply on the market crashed it then it would have been awesome. if such amounts are dumped on the market price will go to $10 area. it may not last there but it will certainly drop that low!

pereira4

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Quote from: UnDerDoG81 on March 11, 2018, 10:31:23 AM

It wont recover until that MtGox dump situation is cleared. Nobody wants to buy expensive coins so that trustee dick can sell on a higher price.

Well, according to recent developments, somebody is buying in and is buying in bigly:

This huge buy order must be some whale picking up the cheap coins, because most likely the trustee from the MtGox already got told to either stop dumping on the markets or else he'll end up dead. Not worth it to be rich when you are dead isn't it?

Now we are most likely going to see a recovery. There's the possibility that a bunch of idiots still keep panic selling nonetheless until an official statement by the Japanese government about their trustee going OTC is made tho, but you make money when you buy, you can't wait for the news to hit.

alyssa85

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CryptoTalk.Org - Get Paid for every Post!

According to the following, it's a good time to buy bitcoin:

https://www.forbes.com/sites/chuckjones/2018/03/10/the-bitcoin-misery-index-bmi-is-flashing-a-buy-signal/#5be3e7a46a22

Quote

Tom Lee, Fundstrat Global Advisors' Head of Research, introduced a Bitcoin Misery Index, or BMI, on Friday. Lee describes the BMI as a proxy for how investors feel about Bitcoin’s “price action.” It is a numerical index that ranges from 0 to 100 and incorporates the win-ratio, or percentage of days that Bitcoin is up, and the upside less downside volatility.

The way to view the BMI is similar to the Relative Strength Index (RSI) or Moving Average Convergence/Divergence (MACD) that equity technicians use to determine if a stock or Index is oversold or overbought. When the reading is low, such as close to or below 30 for the RSI, it tends to show an oversold condition. When the reading is high, close to or above 70 for the RSI, it tends to indicate an overbought condition (see the chart at the end of this note for these indicators as they relate to Bitcoin).

Lee’s trigger points for Bitcoin are 27 for a Buy signal and 67 for a Sell signal. The BMI is currently at 18.8, the lowest point since 16.2 in September 2011 .

gilangIDR

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Quote from: AICoin_Official on March 11, 2018, 09:28:18 AM

Price receives more pressure from MA 5 this time and the momentum supporting price for an uptrend is obviously weakening, which can be seen as the signs bears are using up their bullets as strength of rallies after dips is becoming weaker and weaker. Your idea?‬

It is very difficult to make a decision in these circumstances, bitcoin prices are always changing very quickly. Sometimes it decreases and makes us panic and a few moments later it can increase very quickly. I think we are in a difficult phase, for those who do not want to take risks then I think we should be calm and wait. There are still plenty of opportunities to get a much better chance, remember that we are in the development of digital currency so there are still many opportunities and there are still many opportunities that could happen in the future.

fabiorem

sr. member

Activity: 1400

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Kobayashi didnt end his dumping. Theres 100k coins to go yet.

The market is immature, 1% of the supply can crash it, due to the exchanges not having any control to stop crashes.

Hope for the best, prepare for the worst. Maybe we will be around 10k for the entire year, but we can go to 2k in a couple of weeks too. Go long and dont despair.

UnDerDoG81

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It wont recover until that MtGox dump situation is cleared. Nobody wants to buy expensive coins so that trustee dick can sell on a higher price.

AICoin_Official

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AICoin-Leader of Global Cryptocurrency Tickers APP

Price receives more pressure from MA 5 this time and the momentum supporting price for an uptrend is obviously weakening, which can be seen as the signs bears are using up their bullets as strength of rallies after dips is becoming weaker and weaker. Your idea?‬

Topic: Momentum remains weak, price will dip again. - page 2. (Read 284 times)