Topic: Nights Watch by Afrikoin - page 192. (Read 303329 times)
Support at 205$ ?
Bitcoin will be mainstream the day this form of referencing changes
Did they mention an time frame in the article ?
I guess in a decade, IoT will be here.
Bitcoin will be mainstream the day this form of referencing changes
chewtoy on /r/BitcoinMArkets
I agree with you on a lot of those points, but the truth is that the market is not at all serious and reasonable and is ABSOLUTELY FUD driven on short time frames.
It's easy to step back and say, "Why are you idiots selling at $227? There's a good chance that Bitcoin will be back to $1,000+ levels within two years." But when you look at the here and now and the price drops from $240 to $227 and you've got the drop from $260 to $200 from a few weeks ago in the back of your mind, it's pretty easy to see why folks might not be too keen on holding.
Technicals and fundamentals are important, but a lot of traders forget that (at the end of the day) the market is ultimately made up of PEOPLE who get scared and dump or FOMO and buy at irrational price points.
I agree with you on a lot of those points, but the truth is that the market is not at all serious and reasonable and is ABSOLUTELY FUD driven on short time frames.
It's easy to step back and say, "Why are you idiots selling at $227? There's a good chance that Bitcoin will be back to $1,000+ levels within two years." But when you look at the here and now and the price drops from $240 to $227 and you've got the drop from $260 to $200 from a few weeks ago in the back of your mind, it's pretty easy to see why folks might not be too keen on holding.
Technicals and fundamentals are important, but a lot of traders forget that (at the end of the day) the market is ultimately made up of PEOPLE who get scared and dump or FOMO and buy at irrational price points.
from Greencheckmark on r/bitcoinmarkets
[img]http://i.imgur.com/Mj3u1qO.png?1
[img]http://i.imgur.com/Mj3u1qO.png?1
I'm dubious of obvious chart patterns. like the cup and handle that the whole market was waiting for a month and a half ago.
By daretobear on /r/BitcoinMarkets
If you take a look at the order books, it seems likely whales have set us up for this drop to absorb cheap coins and panic sellers. The next run is going to induce some panic, as we may easily reach $240, $250 and maybe $260 if enough buyers jump in. The order books are thin on the sell side, so when price moves up it will be dramatic. But again, I have no idea. It does seem that when price falls, coins sell into stronger hands over time.
Bullish for the next 2-3 weeks
Bearish after 4-7 weeks, uncertain after
Bullish after halving obviously
Everybody seems to be picking on the $25-75 range. The conditions for this would have to be just right, and lays on the extreme end of panic whereas $50-100 seems much more reasonable. The right set of circumstances have to be in place for this to materialize. We have to see how the next few weeks go with US / world economic conditions, money velocity of USD and also the world or market events that may unfold. Bitcoin price is highly uncertain at the moment. It's entirely possible BTC could be ramping up for the several thousand dollar run, seeing that order books on the sell (supply) side are so thin. Any significant buy orders can push the price up quickly currently.
Considering volume and order books. Price looks highly manipulated at the moment. Be safe out there traders.
If you take a look at the order books, it seems likely whales have set us up for this drop to absorb cheap coins and panic sellers. The next run is going to induce some panic, as we may easily reach $240, $250 and maybe $260 if enough buyers jump in. The order books are thin on the sell side, so when price moves up it will be dramatic. But again, I have no idea. It does seem that when price falls, coins sell into stronger hands over time.
Bullish for the next 2-3 weeks
Bearish after 4-7 weeks, uncertain after
Bullish after halving obviously
Everybody seems to be picking on the $25-75 range. The conditions for this would have to be just right, and lays on the extreme end of panic whereas $50-100 seems much more reasonable. The right set of circumstances have to be in place for this to materialize. We have to see how the next few weeks go with US / world economic conditions, money velocity of USD and also the world or market events that may unfold. Bitcoin price is highly uncertain at the moment. It's entirely possible BTC could be ramping up for the several thousand dollar run, seeing that order books on the sell (supply) side are so thin. Any significant buy orders can push the price up quickly currently.
Considering volume and order books. Price looks highly manipulated at the moment. Be safe out there traders.
from Greencheckmark on r/bitcoinmarkets
by klee
Just now noticed your thread. Better late than never. 
Gathering wisdom of crowd is good idea. Thanks. Will follow.
Gathering wisdom of crowd is good idea. Thanks. Will follow.
Bitcoin Is Officially a Commodity, According to U.S. Regulator
"In this order, the Commodity Futures Trading Commission (CFTC) for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,"
Virtual money is officially a commodity, just like crude oil, gold or wheat.
http://www.bloomberg.com/news/articles/2015-09-17/bitcoin-is-officially-a-commodity-according-to-u-s-regulator
"In this order, the Commodity Futures Trading Commission (CFTC) for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,"
Virtual money is officially a commodity, just like crude oil, gold or wheat.
http://www.bloomberg.com/news/articles/2015-09-17/bitcoin-is-officially-a-commodity-according-to-u-s-regulator
This one wins it,by far! One of the Smart post I've seen on longcasting BTC price
by Eivind Nag on https://bitcointalk.org/index.php?topic=274613.new;topicseen#new
[Snip]
by Eivind Nag on https://bitcointalk.org/index.php?topic=274613.new;topicseen#new
[Snip]
Thank you in advance
Got it, thank you again my friend
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