I am not too sure which ones will get in later in the year but I think all of them are already getting into this right now.
Any smart investor would know that the correct price for bitcoin is not these levels, definitely can't be sustained here, the miners would be destroyed and than the amount of miners will get less which would make others get into mining which would cause the mining to go back up for a full circle which means this price is not sustainable, it will definitely go back up. So, as any smart investor would do they are buying as much as they can afford, look at the volume right now, they are obviously getting as much as they possible could while Craig and others are selling.
Craig is basically explaining everyone why he doesn't think the buying/selling part of bitcoin is wrong which shows he is the one selling. For short, there is a crazy person selling a lot of bitcoin and dropping the price, and institutional investors are already buying as much as they can afford.
Topic: Price dip a sign Institutional Investors are ready? - page 2. (Read 526 times)
Think about it, big investor ready to put in billions, you slowly buy, buy, buy, a little bit but their definition, then dump it all at once, just enough to get it below support and freak everyone out. Then dump, then you buy in big time and pump. Any evidence of this? Any evidence of who started the sale to cause this?
Another thought, this looks to me a lot like Nasdaq in 2008:
http://news.bbc.co.uk/2/hi/business/8558257.stm
It's just that because the internet has sped everything up, we've had ten years worth of growth compressed into one year. Amazing how similar people are behaving in this situation.
Anyway, I'm bullish.. thoughts?
Another thought, this looks to me a lot like Nasdaq in 2008:
http://news.bbc.co.uk/2/hi/business/8558257.stm
It's just that because the internet has sped everything up, we've had ten years worth of growth compressed into one year. Amazing how similar people are behaving in this situation.
Anyway, I'm bullish.. thoughts?
Sigh. You sound pretty hopeful.
Based on conventional trading wisdom, this will probably go deeper. There's a lot of bagholding buyers pressuring price down. Since the downtrend just started last week, and the previous range took months to establish, it'll probably be several weeks at least before we see a major bottom.
Short term bounces aside, I think we're going to see the $3,000s.
But what matters most is the small investors like us,will never leave bitcoin and will continue to hold even many are selling
I'm buying 100 Bitcoins at $200 if it comes to that. I regret I didn't do it 3 years ago, so if I get another chance, I'll take it.
Until then: I'm neither buying nor selling.
Until then: I'm neither buying nor selling.
I'm in a similar camp. I have as much financial exposure to crypto as I am comfortable with. Crypto makes up only a small proportion of my overall portfolio, and I am not planning to change that anytime soon. If bitcoin prices become ridiculously cheap, in the absence of something catastrophic happening, then I would consider cashing out some bonds or stocks and increasing the crypto proportion of my portfolio by a few percentage points.
Until that happens, I am doing nothing. It it crashes to zero I'll be bummed out, but my quality of life and future financial plans won't be affected.
Why is Bitcoin so stable in price after a big drop? back in September:
What is causing this?
My guess is this is manipulation, and my next guess is someone is waiting for order books to be filled before placing another big sell (or buy) order which will cause the next price jump.
This stable price more or less continued until a few days ago, when the big price drop started.My guess is this is manipulation, and my next guess is someone is waiting for order books to be filled before placing another big sell (or buy) order which will cause the next price jump.
well first of all this is bitcoin we are talking about, you don't need to wait for the order book to fill up, it fills up in half a day, or in 24 hours tops and doesn't change that much afterwards.
the stability lasted a lot longer than that.
secondly when price becomes stable, traders leave the market. and their leaving means they take their money out of the market. and that means less bids in the order book so if someone was really doing that, they were clearly seeing order books thinning instead of filling up.
The price of Bitcoin at the moment can be said to be at a low point and this can be an opportunity to buy Bitcoin at a cheap price.
Cool story. Please tell me: how many Bitcoins did you buy today? 
The "cheap coins" stuff is so yesterday!!!
I'm buying 100 Bitcoins at $200 if it comes to that. I regret I didn't do it 3 years ago, so if I get another chance, I'll take it.Until then: I'm neither buying nor selling.
The "cheap coins" stuff is so yesterday!!!
I'm buying 100 Bitcoins at $200 if it comes to that. I regret I didn't do it 3 years ago, so if I get another chance, I'll take it.Until then: I'm neither buying nor selling.
Slowly and quietly putting buy orders at 200.78
Short term bounces aside, I think we're going to see the $3,000s.
If that is going to happen then we may lost huge reputation of bitcoin which was built up for last 10 years will be gone with the name of bubbles.Hopefully it won't go that much far because we already can see the market and investors looks helpless other than with the hope of price will increase in this new year.What if that not happens?Maybe the funeral of cryptos 
The "reputation" you are talking about has nothing to do with the bitcoin price.
Bitcoin/blockchain is still rock solid and it's reputation won't be damaged by a price crash.
The BTC price is determined by hype and investor's expectations about future profits.When all this is gone,the price just goes down.
The "cheap coins" stuff is so yesterday!!!
I'm buying 100 Bitcoins at $200 if it comes to that. I regret I didn't do it 3 years ago, so if I get another chance, I'll take it.Until then: I'm neither buying nor selling.
Institutional investors. Wall Street bonuses. ETFs. Chinese New Year. Thanksgiving. Black Friday. Christmas. We've heard nonsense like this pretty much on a weekly basis all year.
We've also seen charts comparing bitcoin to bitcoin in 2014, to gold, to dotcom, to whatever you like. Past performance does not predict future results, and past performance of something completely different to bitcoin like gold or dotcom definitely does not predict future results.
I'm completely bullish long-term for crypto, but posts like this are really getting old.
We've also seen charts comparing bitcoin to bitcoin in 2014, to gold, to dotcom, to whatever you like. Past performance does not predict future results, and past performance of something completely different to bitcoin like gold or dotcom definitely does not predict future results.
I'm completely bullish long-term for crypto, but posts like this are really getting old.
Seems we're reaching despair level.
It's like falling in a ravine with your car and cheering up when you're hitting the bottom since you won't fall anymore
Over the last months, I've seen thousands of potential saviors of bitcoin, the ones you mentioned, bakkt, adoption in Venezuela, Nigeria, Iran and so on, but the truth is that we're deep in bear territory and wishful thinking won't change much.
The "cheap coins" stuff is so yesterday!!!
I agree, but still I think that OP may be somewhat correct.
The dump is too big, too steep, it smells like somebody wants to achieve something, not somebody that cash in some gains or has to get liquidity.
The dump is too big, too steep, it smells like somebody wants to achieve something, not somebody that cash in some gains or has to get liquidity.
It's steep percentage wise but in terms of $ lost per coin price we've seen worse. After all, this is just (lol!) a 2000 drop, in January we dropped 6000 in a week.
This could be the rigth moment for institutional investors to join the game.
Honestly, at first I didn't think that the price will go below 5000$ in this dip but on the other hand it makes sense.
The upcoming week and situation on the market will give us answers. Still I don't believe that some big conspiracy theory is standing behind current price correction.
Honestly, at first I didn't think that the price will go below 5000$ in this dip but on the other hand it makes sense.
The upcoming week and situation on the market will give us answers. Still I don't believe that some big conspiracy theory is standing behind current price correction.
The dump is too big, too steep, it smells like somebody wants to achieve something, not somebody that cash in some gains or has to get liquidity.
Not only that, it could be a long-term plan. I created Why is Bitcoin so stable in price after a big drop? back in September:What is causing this?
My guess is this is manipulation, and my next guess is someone is waiting for order books to be filled before placing another big sell (or buy) order which will cause the next price jump.
This stable price more or less continued until a few days ago, when the big price drop started. My guess is this is manipulation, and my next guess is someone is waiting for order books to be filled before placing another big sell (or buy) order which will cause the next price jump.
interesting theory but this is not a new thing so I don't think any new entity is doing it. for years we have had whales in the market which we can all "opportunists" who have been performing things like what you explained: dumping enough to cause panic and break resistances then buy cheaper and accumulate. rinse and repeat to increase their size as a whale.
and right now with all the shitcoin fork drama that is going on over in the altcoin market bitcoin whales are taking that as an opportunity to do the same as they always do: buy cheaper coins.
and right now with all the shitcoin fork drama that is going on over in the altcoin market bitcoin whales are taking that as an opportunity to do the same as they always do: buy cheaper coins.
I'm completely bullish long-term for crypto, but posts like this are really getting old.
I agree, but still I think that OP may be somewhat correct.
The dump is too big, too steep, it smells like somebody wants to achieve something, not somebody that cash in some gains or has to get liquidity.
Short term bounces aside, I think we're going to see the $3,000s.
If that is going to happen then we may lost huge reputation of bitcoin which was built up for last 10 years will be gone with the name of bubbles.Hopefully it won't go that much far because we already can see the market and investors looks helpless other than with the hope of price will increase in this new year.What if that not happens?Maybe the funeral of cryptos Think about it, big investor ready to put in billions, you slowly buy, buy, buy, a little bit but their definition, then dump it all at once, just enough to get it below support and freak everyone out. Then dump, then you buy in big time and pump. Any evidence of this? Any evidence of who started the sale to cause this?
Another thought, this looks to me a lot like Nasdaq in 2008:
http://news.bbc.co.uk/2/hi/business/8558257.stm
It's just that because the internet has sped everything up, we've had ten years worth of growth compressed into one year. Amazing how similar people are behaving in this situation.
Anyway, I'm bullish.. thoughts?
Another thought, this looks to me a lot like Nasdaq in 2008:
http://news.bbc.co.uk/2/hi/business/8558257.stm
It's just that because the internet has sped everything up, we've had ten years worth of growth compressed into one year. Amazing how similar people are behaving in this situation.
Anyway, I'm bullish.. thoughts?
Sigh. You sound pretty hopeful.
Based on conventional trading wisdom, this will probably go deeper. There's a lot of bagholding buyers pressuring price down. Since the downtrend just started last week, and the previous range took months to establish, it'll probably be several weeks at least before we see a major bottom.
Short term bounces aside, I think we're going to see the $3,000s.
Institutional investors. Wall Street bonuses. ETFs. Chinese New Year. Thanksgiving. Black Friday. Christmas. We've heard nonsense like this pretty much on a weekly basis all year.
We've also seen charts comparing bitcoin to bitcoin in 2014, to gold, to dotcom, to whatever you like. Past performance does not predict future results, and past performance of something completely different to bitcoin like gold or dotcom definitely does not predict future results.
I'm completely bullish long-term for crypto, but posts like this are really getting old.
We've also seen charts comparing bitcoin to bitcoin in 2014, to gold, to dotcom, to whatever you like. Past performance does not predict future results, and past performance of something completely different to bitcoin like gold or dotcom definitely does not predict future results.
I'm completely bullish long-term for crypto, but posts like this are really getting old.
completely agreed! big-shots are already playing in the market and in this dip they will buy more. Just like stock market games.
Think about it, big investor ready to put in billions, you slowly buy, buy, buy, a little bit but their definition, then dump it all at once, just enough to get it below support and freak everyone out. Then dump, then you buy in big time and pump. Any evidence of this? Any evidence of who started the sale to cause this?
Another thought, this looks to me a lot like Nasdaq in 2008:
http://news.bbc.co.uk/2/hi/business/8558257.stm
It's just that because the internet has sped everything up, we've had ten years worth of growth compressed into one year. Amazing how similar people are behaving in this situation.
Anyway, I'm bullish.. thoughts?
Another thought, this looks to me a lot like Nasdaq in 2008:
http://news.bbc.co.uk/2/hi/business/8558257.stm
It's just that because the internet has sped everything up, we've had ten years worth of growth compressed into one year. Amazing how similar people are behaving in this situation.
Anyway, I'm bullish.. thoughts?
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