If most trade is done in Yuan on a global basis, its surprising we dont even mention briefly the price level for that currency only the dollar counts. Maybe even Euro is relevant as it is the second largest currency in the world.
$1000 should be mostly a psychological level to beat or to stay above, that is partly why Im bullish. I think most people are waiting for some significance just due to three digits becoming four and there really is nothing special about his area.
Dollar itself has varied in its true value since bitcoin was last 1000, FED operates QE every day and the amount of dollars circulated increases far more then bitcoin gives out new coins (QE stops circulation also since FED is in effect another arm of government, but like headline and effective inflation operate without direct link I think dollar becomes weaker from QE)
Topic: New down trend. $1000 definitively broken. - page 2. (Read 3225 times)
My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.
Shorts are building up rapidly.
Let's take a trip down memory lane (2011)...
So what if bitcoins become expensive? it won't be at all like giving all your money to the early adopters, you give some early adopter 1000$ he gives you a bitcoin, you purchase goods or services worth 1000$ using that bitcoin or trade it back whenever you see fit... you don't lose anything by it and early adapters gain some wealth, a very few maybe a lot, so what, nothing compared to govt institutions...
Price is $1010 currently.
Today we've permanently broken the $1000 barrier and are staying under it.
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permanently in kwukduck language means less than 24 hours!
as i am writing this price is $1017 on bitfinex.
things are going to be this way for a while and there is no permanently neither for rising nor for dropping. after this has ended, we will see $1100 but it may take a couple of weeks at least.
There is only good things coming in the foreseeable future for the US atleast.
I do not know about China though.
Things don't look to good for their economic view with their Yuan and even bitcoin is looking bad investment for them for their exchanges are getting audited and taxed the hell out of them by their government for all the years they weren't collect on them. Now they are collecting at a prorated amount for it which will sink the bitcoin ship for them there.
the Chinese trading volumes are still pretty high. i can even say it is even higher than before, they are doing their trades through other channels mostly OTC trading. go check localbitcoins for China and see the huge volume change and the price on localbitcoins is always much higher.
My prediction was wrong, ~
i can't believe that i lived to see these words coming out of kwukduck ! and that is after all these years of saying "price will crash to $200"
was kwukduck account hacked
Just a feeling. When xxx people think about rocket rise, i'm preparing $$$ for opposite of scenario.
It's not that low, just 10% of the curent price. In Crypto world, it's nothing.
It's not that low, just 10% of the curent price. In Crypto world, it's nothing.
+1.
I have some dollars on exchange and i will probably wait for price drop during March but before ETF.
For now, say $880-900 is my target.
I have some dollars on exchange and i will probably wait for price drop during March but before ETF.
For now, say $880-900 is my target.
You think it's going to drop that low? Just a feeling or you have any indications it might drop that low?
+1.
I have some dollars on exchange and i will probably wait for price drop during March but before ETF.
For now, say $880-900 is my target.
I have some dollars on exchange and i will probably wait for price drop during March but before ETF.
For now, say $880-900 is my target.
I'm just going to hold/accumulate Bitcoin right now, too uncertain to do anything else. The small amount of volatility is not worth people besides day traders doing short or long margin calls, in my opinion. I definitely think lower prices are going to be retested, in anticipation for the ETF.
My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.
Shorts are building up rapidly.
I do agree with this but only if the ETF doesn't happen. Then I think it'll be bad news.
Even though ETF not approved by SEC, does not mean the end of bitcoin, just another obstacle. But, bitcoiners still hoping they will accept it, hopefully.
I agree Bitcoin is doing fine atm at 1000 USD, and if ever ETF is approved, we can see another rally and spike of price. Possible a new bubble will form, but if ETF is rejected somehow the price will be affected and maybe it will go back to sub $1000 but will recover fast.
My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.
Shorts are building up rapidly.
I do agree with this but only if the ETF doesn't happen. Then I think it'll be bad news.
Even though ETF not approved by SEC, does not mean the end of bitcoin, just another obstacle. But, bitcoiners still hoping they will accept it, hopefully.
My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.
Shorts are building up rapidly.
I do agree with this but only if the ETF doesn't happen. Then I think it'll be bad news.
My prediction was wrong, but be careful with your dismisal. This only means the manipulation is bigger than i expected and the fall will only be harder when it comes.
Shorts are building up rapidly.
Shorts are building up rapidly.
While we are back to above $1000, shorts are reaching record highs on Bitfinex, which certainly doesn't instill confidence. I don't think anything will come out of it unless some sort of catalyst triggers a movement.
Today we've permanently broken the $1000 barrier and are staying under it.
~
~
permanently in kwukduck language means less than 24 hours!
as i am writing this price is $1017 on bitfinex.
things are going to be this way for a while and there is no permanently neither for rising nor for dropping. after this has ended, we will see $1100 but it may take a couple of weeks at least.
There is only good things coming in the foreseeable future for the US atleast.
I do not know about China though.
Things don't look to good for their economic view with their Yuan and even bitcoin is looking bad investment for them for their exchanges are getting audited and taxed the hell out of them by their government for all the years they weren't collect on them. Now they are collecting at a prorated amount for it which will sink the bitcoin ship for them there.
People still have to be patient and waiting for regulations about exchanges and all of issues finished in some countries, on the other hand, we have Japan, US, UK and Europe support bitcoin environment and keep it stable for now, just be ready for ETF.
Today we've permanently broken the $1000 barrier and are staying under it.
It seems a new down trend has been set for the foreseeable
It seems a new down trend has been set for the foreseeable
Permanently lol. How many coins you wanna bet were back at 1001 within a week?
Guess I was too cautious with that bet, back to 1000 within 24 hours lol. If it walks like a duck and quacks like a duck, it's probably as dumb as a duck and can't give sound financial advice.
Kwukduck never fails to deliver. The guy is a comedy genius. He keeps getting proven wrong by bitcoin within hours but he keeps trying. "I'll keep trying until I get it right then consider myself a visionary". That's what he is doing.
Meanwhile, bitcoin is back to $1010 dollars, another big fail for the duck.
Today we've permanently broken the $1000 barrier and are staying under it.
It seems a new down trend has been set for the foreseeable
It seems a new down trend has been set for the foreseeable
Permanently lol. How many coins you wanna bet were back at 1001 within a week?
Guess I was too cautious with that bet, back to 1000 within 24 hours lol. If it walks like a duck and quacks like a duck, it's probably as dumb as a duck and can't give sound financial advice.
Today we've permanently broken the $1000 barrier and are staying under it.
~
~
permanently in kwukduck language means less than 24 hours!
as i am writing this price is $1017 on bitfinex.
things are going to be this way for a while and there is no permanently neither for rising nor for dropping. after this has ended, we will see $1100 but it may take a couple of weeks at least.
There is only good things coming in the foreseeable future for the US atleast.
I do not know about China though.
Things don't look to good for their economic view with their Yuan and even bitcoin is looking bad investment for them for their exchanges are getting audited and taxed the hell out of them by their government for all the years they weren't collect on them. Now they are collecting at a prorated amount for it which will sink the bitcoin ship for them there.
I too felt that bitcoin would experience a down trend in the price as the price gradually moved towards $990. But in a short it has gained back resistance and sticking above $1000. This gives hope that the price could be stable above $1000 for a long time period.
If I think that bitcoin is not on the down trend because the price are still stable, every price drops definitely be back to normal again. That fluctuation is still reasonable I think. The down trend was sure to happen and it is normal in the market, but I do not think any time soon and it is still very long. 
I too felt that bitcoin would experience a down trend in the price as the price gradually moved towards $990. But in a short it has gained back resistance and sticking above $1000. This gives hope that the price could be stable above $1000 for a long time period.
Shit!
I finally gave in to kwukduck's pressure and have sodled all my bitcoins below $1000, which was never to be broken upwards again. I know this is only temporary and I'm hodling my $$$ with strong hands, waiting to buy back at $200 in the coming weeks, or even days.
Thank you duck, I don't know what I would've done if it wasn't for your precious advising!
I finally gave in to kwukduck's pressure and have sodled all my bitcoins below $1000, which was never to be broken upwards again. I know this is only temporary and I'm hodling my $$$ with strong hands, waiting to buy back at $200 in the coming weeks, or even days.
Thank you duck, I don't know what I would've done if it wasn't for your precious advising!
Today we've permanently broken the $1000 barrier and are staying under it.
~
~
permanently in kwukduck language means less than 24 hours!
as i am writing this price is $1017 on bitfinex.
things are going to be this way for a while and there is no permanently neither for rising nor for dropping. after this has ended, we will see $1100 but it may take a couple of weeks at least.
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