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Topic: Morecoin analysis [bitcoin/USD market observations] - page 11. (Read 47531 times)

legendary
Activity: 1456
Merit: 1002
Id start buying when its $150 ish, but thats just me.

But, there are times like this I buy it in increments though so avoids the price loss.

If the trend is most people shorting its better to let the shorting settle then buy, or while its going down.
legendary
Activity: 1358
Merit: 1014
...
We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...

Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting? Cheesy

Yes, people are depressed because of the price decline. But that's not true despair. The current mind set is like: "I can't understand why Bitcoin is valued so low given its great potential.".

People have to question the concept of Bitcoin in its entirety, so they give up on the belief that Bitcoin has any chance to succeed at all. The mind set must become: "What kind of brain damage made me investing in this shitty ponzi scheme? I'm a worthless idiot, gambling away all my money, receiving some virtually generated data created out of thin air. I hate myself.". Grin

ya.ya.yo!

People that get nervous because of the price will Not make it. If you are here looking at the price, if you are of that type of person that looks at bitcoinwisdom 24/7 you have no notions and you'll end up selling.
legendary
Activity: 1806
Merit: 1024
...
We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...

Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting? Cheesy

Yes, people are depressed because of the price decline. But that's not true despair. The current mind set is like: "I can't understand why Bitcoin is valued so low given its great potential.".

People have to question the concept of Bitcoin in its entirety, so they give up on the belief that Bitcoin has any chance to succeed at all. The mind set must become: "What kind of brain damage made me investing in this shitty ponzi scheme? I'm a worthless idiot, gambling away all my money, receiving some virtually generated data created out of thin air. I hate myself.". Grin

ya.ya.yo!
full member
Activity: 318
Merit: 100
Drop, sideways, drop, sideways, drop, sideways, drop...

Bitcoin death march to zero continues.
legendary
Activity: 3248
Merit: 1070
...
We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...

Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting? Cheesy

Its not the shorting that is killing btc it is the fundamentals...market sentiment...unrealistic expectations of the community being rethought, etc

all those things come because of the 1200 -200 dump, not for everything else, criminal/whale/miners/ they helped the dump but in small percentage, the real factor was that monstrous pump,  which brought the price to the current value
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Maybe ¥200(or lower) will become a new normal soon.

I am beginnng to think this.  Sub $100 might be where we're going and stay there for a while.

its mean u want bitcoin under $100 in this week or month?

tokeweed is just fooling around and talking his books  Roll Eyes. So the answer to your question is: when short yes, when long no.
hero member
Activity: 518
Merit: 500
Maybe ¥200(or lower) will become a new normal soon.

I am beginnng to think this.  Sub $100 might be where we're going and stay there for a while.

its mean u want bitcoin under $100 in this week or month?

lol sounds like he really want it happened, support bitcoin with buy it as much as you can with your strategy.
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
...
We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...

Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting? Cheesy

Its not the shorting that is killing btc it is the fundamentals...market sentiment...unrealistic expectations of the community being rethought, etc
hero member
Activity: 518
Merit: 500
Trust me!
...
We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...

Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting? Cheesy
legendary
Activity: 1232
Merit: 1000
My buy orders at $220 went through = successful weekend. Grin

You should wait for another couple of weeks before declaring that.
If Bitcoin goes to $200, you might want to take that back.
legendary
Activity: 2842
Merit: 1511
I really doubt that $215 was the bottom. I'm not even sure that ~$160 was the bottom.

Although sentiment has turned more negative in recent weeks, it's still too positive to think of a bottom. We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.

So the bottom is in, when almost nobody expects it. But maybe there is no bottom... Wink

ya.ya.yo!

If we can't stage a recovery from here and the previous bottom around 160, then my next interest zone would be between 32 and ~70. This, of course, assuming that it isn't surpassed by another crypto, in which case our escapologist might never emerge from its shackled coffin.
full member
Activity: 234
Merit: 100
maybe its good when the btc falls... then he will raise up
legendary
Activity: 2170
Merit: 1427
I really doubt that $215 was the bottom. I'm not even sure that ~$160 was the bottom.

Although sentiment has turned more negative in recent weeks, it's still too positive to think of a bottom. We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.

So the bottom is in, when almost nobody expects it. But maybe there is no bottom... Wink

ya.ya.yo!

At this point from the looks $200 level has decent support, but if it goes below that we might see a tiny flash crash when stop loss orders get activated.

I am happily waiting for a few buy orders to get filled if so. But don't really think it will happen.
legendary
Activity: 1806
Merit: 1024
I really doubt that $215 was the bottom. I'm not even sure that ~$160 was the bottom.

Although sentiment has turned more negative in recent weeks, it's still too positive to think of a bottom. We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.

So the bottom is in, when almost nobody expects it. But maybe there is no bottom... Wink

ya.ya.yo!
hero member
Activity: 854
Merit: 503
Legendary trader
My buy orders at $220 went through = successful weekend. Grin
full member
Activity: 318
Merit: 100
Definitely a bad time to buy. Bitcoin's death march to zero continues.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
It is now the third or forth time BTC reaches this price level. I am not too bullish for now, but I interpret it as a sideway movement with ups and downs. May not be a bad time to buy.
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
We will only see a bottom and reversal after the panic sell...that is how markets work..there is no point fighting it you might as well embrace the coming carnage  Grin

legendary
Activity: 896
Merit: 1000
it seems that whales are trying hard to push this baby under 200, to force bitcoin holders to dump their bag

who will continue to hold now will be the real winner, don't be fooled by the manipulation

If it is below $200, I will buy some.

same here. but i think buy support will maintain $200 if the dumps are not major. but there are always traders who intentionally dump a huge load of coins just to trigger panic reactions.
sr. member
Activity: 406
Merit: 250
it seems that whales are trying hard to push this baby under 200, to force bitcoin holders to dump their bag

who will continue to hold now will be the real winner, don't be fooled by the manipulation

If it is below $200, I will buy some.
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