Relax, its just a hard market reset - page 4.

b3j0

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Quote from: Taki on January 20, 2019, 04:34:16 PM

The point is that the number of micro amount holders is big and such massive cashing out can shake the market seriously.
We all hope this year will be green for bitcoin, but I'm not so optimistic and getting ready to hold for long.

the feeling of optimism slowly began to disappear because the market conditions did not improve, many investors felt disappointed and frustrated because of this condition.

Caladonian

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Quote from: goaldigger on January 20, 2019, 05:39:20 PM

Quote from: Dreamchaser21 on January 20, 2019, 09:27:15 AM

Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

More time before we finally recover and this is indeed an opportunity to accumulate strong coins. We should not panic and instead believe that this is just a big correction that will reverse in the future. 2019 is still not sure for cryptomarket to pump, just hope for the best this year.

One way of promoting buy low sell high strategy together with a cup of hope for everybody. Bitcoin will continue to exist so dont be to stressed to think about its extinction. Buy some until its low instead. Once it goes up, the opportunity doesnt that good anymore. Buy now or regret later.

Make a good position while the price still down, this resets gives good opportunities for every person who wanted to have a long term investment, as we seen that the value still flat no clear pattern to indicate what can be the next run, but experience will dictates to those who able to catch up few years ago, this scene already been there before, believing that it will continue the sway and after the downtrend it will followed by the uptrend, who knows how strong bull can be after being awaking from this long bearish,.

STT

legendary

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Quote from: Taki on January 20, 2019, 04:34:16 PM

The point is that the number of micro amount holders is big and such massive cashing out can shake the market seriously.
We all hope this year will be green for bitcoin, but I'm not so optimistic and getting ready to hold for long.

I'm very bullish on Bitcoin so long as it remains a currency of the people not large industry. So long as its about the bits and the micro amount holders as you call it, this is a solid base to draw from.

The wider a project has in its population, the greater the natural and justified growth it can realise. I'd apply this to anything but think of any company and its biggest attempts to draw people into using its product. Its a massive deal to increase your users and especially just raise awareness of your product and its advantages.

Bitcoin whatever people want to label it as, has advanced in its number of users and without ever spending giant amounts like Coke has to we have established a brandname in peoples minds. Thats invaluable and its an ongoing effects. If bitcoin ever loses that trend of raising its profile then I will be less bullish long term. The price is all secondary to this and not a reason for people not to use the product, no other product is less used because price falls tbh

1Referee

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Quote from: figmentofmyass on January 20, 2019, 04:42:32 PM

i expect to plunge below the 200wma but i'm also expecting a fast recovery, same as 2015. consecutive weekly closes below the 200wma and i'd be shitting pants myself. that would indicate a stronger downtrend than ever before. a very temporary loss of support followed by a v-shaped recovery would be the ideal---that would be characteristic of a bear market ending.

The main difference is that at current levels there is much more buy support needed to keep the price at certain levels, while that was less of a problem years ago with prices hovering at levels less than a tenth of the current price. There is very little dept in the books as we speak, while there was no shortage of support during the hype of 2017.

I really expected things to be different after nearly a decade of existence, but we're experiencing the exact same pump and dump cycles unfortunately. My fault I guess.

goaldigger

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Quote from: Dreamchaser21 on January 20, 2019, 09:27:15 AM

Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

More time before we finally recover and this is indeed an opportunity to accumulate strong coins. We should not panic and instead believe that this is just a big correction that will reverse in the future. 2019 is still not sure for cryptomarket to pump, just hope for the best this year.

One way of promoting buy low sell high strategy together with a cup of hope for everybody. Bitcoin will continue to exist so dont be to stressed to think about its extinction. Buy some until its low instead. Once it goes up, the opportunity doesnt that good anymore. Buy now or regret later.

figmentofmyass

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Quote from: 1Referee on January 20, 2019, 04:31:10 PM

I'm fairly certain that the most persistent weak hands are still in. If you want to tempt them to dump, have the price touch $2xxx levels, and you can be sure that we'll see a high volume selloff. People have too much faith in the 200 wma which seems to be holding the price up, but breaking it would make even the more senior hodlers out here poop their pants.

i expect to plunge below the 200wma but i'm also expecting a fast recovery, same as 2015. consecutive weekly closes below the 200wma and i'd be shitting pants myself. that would indicate a stronger downtrend than ever before. a very temporary loss of support followed by a v-shaped recovery would be the ideal---that would be characteristic of a bear market ending.

Taki

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The point is that the number of micro amount holders is big and such massive cashing out can shake the market seriously.
We all hope this year will be green for bitcoin, but I'm not so optimistic and getting ready to hold for long.

1Referee

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Quote from: exstasie on January 20, 2019, 02:07:54 PM

How do you know? If we had seen a classic capitulation (in the technical sense) I'd be more likely to agree. Since there was none, and because sentiment is still a mixed bag between "hope" and "despair" I really doubt all the weak hands are gone yet.

I'm fairly certain that the most persistent weak hands are still in. If you want to tempt them to dump, have the price touch $2xxx levels, and you can be sure that we'll see a high volume selloff. People have too much faith in the 200 wma which seems to be holding the price up, but breaking it would make even the more senior hodlers out here poop their pants.

If you look at 2017, then you can see how there was enough time (7 months to be precise) for people to buy coins between $1000 and $3000, so there might still be a large number of weak hands to get rid of. I hope it won't happen of course, but if it happens anyway, then it happens. I'll happily buy more coins below $3000 if the opportunity presented itself.

bitcoin31

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Thanks for the motivation that you given to us to continue our journey here in crypto world. Because other people don't have trust to cryptocurrency becaude they already lost more money to cryptocurrency. Let's get back again the people trust to cryptocurrency to earn more money. I don't like reset turn back to what value in the year 2009.

Oceat

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People should be thinking this way to stop stressing too much on themselves because they won't see the bull run for a little while. It could be a hard reset since the price is way too cheaper compared to the last ATH but it is still expensive if we prefer it to the previous longest declined in history.

exstasie

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Quote from: thecodebear on January 20, 2019, 05:48:12 AM

I would agree the market has been cleansed of weak hands.

How do you know? If we had seen a classic capitulation (in the technical sense) I'd be more likely to agree. Since there was none, and because sentiment is still a mixed bag between "hope" and "despair" I really doubt all the weak hands are gone yet.

BrewMaster

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Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

i wouldn't call it "simple" correction though!
we already had about 85% drop which took more than a year and the trend is not yet reversed. nothing about this is "simple". a simple correction would have been a normal bear market that lasted 6 months with about 30% correction (or worst case 50% since this is still a small market) followed by a month or two of accumulation and then slow rise.
what we had was mostly like a year of shoring and then manipulating the market to get those shorts filled.

Rub3n

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Thank god for market resets, more cheap coins to buy! Grin

khufuking

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I think the panic seller is already gone from a long time, and these market conditions are forcing the true believer to make some moves to obtain some liquidity, you forget that the true believers are all-in when it comes to Crypto whether trading, investing, holding, mining, and so on. When a mining farm closes down due to not be able to cover their expenses for more than 1 year and not only that but they in fact in a huge loss, we can't really say they are unworthy investors. There are real worthy investors that forced to make some liquidation due to market condition.

The only good thing that this downtrend achieved is filtering scam and bad ICO, I feel that investors are making a lot of effort now when researching the projects they are investing in, I hope that this an awareness filtering and not just a thing that will void once the market starts to go up again.

Dreamchaser21

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Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

More time before we finally recover and this is indeed an opportunity to accumulate strong coins. We should not panic and instead believe that this is just a big correction that will reverse in the future. 2019 is still not sure for cryptomarket to pump, just hope for the best this year.

sunsilk

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Quote from: buwaytress on January 20, 2019, 07:38:50 AM

Thought I'd seen all the terms already used but we keep finding new ways to put our emotions in play, I guess!

I'm done thinking that 2018 was the shaking of the weak hands and we've used this term for so many times. We're really looking for a reason to think that everything's okay and to keep us encourage.

I'm still thinking of other things to encourage myself and I've been firm that I really believe that this is just the gateway and entry for a better market. We're not yet full so there's more to come for bitcoin, the fact that we're still in bear market still plays on most minds.

buwaytress

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Thought I'd seen all the terms already used but we keep finding new ways to put our emotions in play, I guess!

I could agree with the hard reset analogy, if we see back to past cycles of boom and decline, definitely makes sense and easy to see that hard resets were behind the past declines. But if we do agree with that, then surely 2019 is too soon? Stagnating reset periods have gotten longer and longer. 2020 would be the earliest.

thecodebear

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I would agree the market has been cleansed of weak hands. There are still plenty of people though that think the price will fall, which is why prices will stay in this bottom range for a while, because while there is lots of buying there are just as many people who sell in the 3000s because they think the bottom isn't in yet and it'll crash to the 2000s or even the 1000s this year. The longer it stays in the 3000 range the fewer people who are still in the market will attempt to short it trying to get lucky on a lower price.

I wouldn't expect too much for 2019 though. The bottoming out phase of the last cycle lasted some 9 months. If we say this one started two months ago when it dropped into the 3000s then it could easily be Summer or maybe even Fall before the price finally moves bottom range and starts moving up for good. Good advice is treat this year as an accumulation year (especially the first half of the year) and don't expect solid gains until next year. I don't think we'll see $10k again until probably early 2020.

dodgrad

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Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

Will we call it a reset, or the correction it is about the same. The market was full of investors who do not know what Bitcoin is for and only invested in the fact that their neighbor advised. It ended how it ended. Probably everyone of them sold at a loss and we start the game from the beginning.

DeathAngel

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It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

Topic: Relax, its just a hard market reset - page 4. (Read 19527 times)