Topic: The bottom is in. (Read 3256 times)
Price was manipulated so that whales can get in on the cheap, then manipulated again to go up so whales can cash out on the high. Whales can and will do that that's how they make money. Actually that's how anyone makes money. Buy low sell high. But for anyone to make money another one has to lose money. And for anyone losing money another one will be making money. So simple, yet so hard to get across some people.
Gentlemen, this is the stage where we do not listen to trolls. Their dump-job is done, now they are contrary indicators.
Will I still be able to buy next week or will the price go up too much?
I don't get paid til next Wednesday
I am supposed to be back at 350 but I will gamble my profits that it WILL go below 320 this weekend.
i gotta be honest the slip to 270 made me nervous enough to just hold and not buy any. i was thinking 266 would be too hard to break, but if it did there could be serious slippage, so i waited. foolish of me. should have bought one with my 'fuck it' money but i bought a bunch of silver instead...i can make the silver into jewelry and and easily sell it for 500% of my purchase price, so thats nice, but a lot more work than btc lol
Seem like the bottom is really over now, time to buy...
The bottom might be really but there's nothing pointing to a trend reversal. Price can hover to 320-360 for a loooong time now.
I have 0 faith that we will see >450 this year.
We are at 370 now.
Gentlemen, this is the stage where we do not listen to trolls. Their dump-job is done, now they are contrary indicators.
Will I still be able to buy next week or will the price go up too much?
I don't get paid til next Wednesday
I am supposed to be back at 350 but I will gamble my profits that it WILL go below 320 this weekend.
So this is my interpretation of recent events.
....
The next step is to slowly pump the price, making it look organic, until momentum eventually takes over and others pump the price to the next ATH.
It's up from here.
....
The next step is to slowly pump the price, making it look organic, until momentum eventually takes over and others pump the price to the next ATH.
It's up from here.
Furthermore the $10m on bitstamp isn't for cashing out, it's for nudging the price up past any resistance... Have you seen how weirdly this thing is going up considering the doom and gloom just a few weeks ago!?
Down trend has reversed.
Tighten your seat belt, moon phase has begun.
Tighten your seat belt, moon phase has begun.
Gentlemen, this is the stage where we do not listen to trolls.
I missed the stage where anybody cared what they had to say
They just provided the entertainment which was needed while the price was slowly creeping down. Just like all the TDM threads which start popping when the price moves up 2%
Nobody actually believes in the moon predictions, just that little foolishness is always funny
Now I'm sure the price is no bottom
Gentlemen, this is the stage where we do not listen to trolls.
I missed the stage where anybody cared what they had to say
OP, thanks for sharing your vision.
Please explain your point of view, instead of just making an empy statement. I am intested in your arguments though.
I can translate what he said:The most stupid theory I've ever heard.
Like I've said previously, the dead cat will now bounce to 370-380, before crashing to sub 250. All of this will happen in less than a fortnight.
Like I've said previously, the dead cat will now bounce to 370-380, before crashing to sub 250. All of this will happen in less than a fortnight.
Please explain your point of view, instead of just making an empy statement. I am intested in your arguments though.
"Now I am invested in bitcoin, but, in a less than a fortnight, I plan to short my position."
Gentlemen, this is the stage where we do not listen to trolls.
I missed the stage where anybody cared what they had to say
Gentlemen, this is the stage where we do not listen to trolls. Their dump-job is done, now they are contrary indicators.
Will I still be able to buy next week or will the price go up too much?
I don't get paid til next Wednesday
Gentlemen, this is the stage where we do not listen to trolls. Their dump-job is done, now they are contrary indicators.
So let me get this straight: your narrative is of bitcoin inexplicably crashing to single digits - allowing you to buy hundreds of course - before soaring back into the stratosphere and enriching you beyond your wildest dreams?
Nope. I'm not buying more coins when we hit double or single digits, if we ever get that low.
The best case scenario now is some horizontal trading in the 300-350 range. But it's unlikely. Too much sell pressure.
The most stupid theory I've ever heard.
Like I've said previously, the dead cat will now bounce to 370-380, before crashing to sub 250. All of this will happen in less than a fortnight.
Like I've said previously, the dead cat will now bounce to 370-380, before crashing to sub 250. All of this will happen in less than a fortnight.
So a dead cat bounce of 37%?
So let me get this straight: your narrative is of bitcoin inexplicably crashing to single digits - allowing you to buy hundreds of course - before soaring back into the stratosphere and enriching you beyond your wildest dreams?
Exo, I am afraid your own theory sounds a little farfetched.
I don't think we enter now a full on bubble mode back - but the volume that we experienced will not be repeated soon and we'll probably climb quite a bit.
So this is my interpretation of recent events.
It seems obvious that most trading happens outside exchanges, given the actual transfers on the blockchain vs the volume on exchanges. Likewise that most weak hands were gone months ago. So what happened was that someone with a lot of money pushed the price down on exchanges and bought back outside of them. This would result in an increasing number of coins at little to no expense. This theory is reinforced by the fact that the top 100 btc addresses is increasing over time.
With the price approaching both psychological limits (previous ATH) and the cost of actually producing a coin in electricity, this had to stop eventually. But market sentiment was bad due to the ever-decreasing price so something was needed to regain confidence in the market. That's what the huge wall on stamp that got eaten in hours was for. Whoever was dumping the price is the same person or group who put up the wall, and who bought back the majority of it. The entire point of that exercise was to give the idea that there was huge demand that had just been waiting for the right time. The costs involved were likely to be insignificant in the grand scheme, and in any case necessary. The cost of doing business.
The next step is to slowly pump the price, making it look organic, until momentum eventually takes over and others pump the price to the next ATH.
It's up from here.
It seems obvious that most trading happens outside exchanges, given the actual transfers on the blockchain vs the volume on exchanges. Likewise that most weak hands were gone months ago. So what happened was that someone with a lot of money pushed the price down on exchanges and bought back outside of them. This would result in an increasing number of coins at little to no expense. This theory is reinforced by the fact that the top 100 btc addresses is increasing over time.
With the price approaching both psychological limits (previous ATH) and the cost of actually producing a coin in electricity, this had to stop eventually. But market sentiment was bad due to the ever-decreasing price so something was needed to regain confidence in the market. That's what the huge wall on stamp that got eaten in hours was for. Whoever was dumping the price is the same person or group who put up the wall, and who bought back the majority of it. The entire point of that exercise was to give the idea that there was huge demand that had just been waiting for the right time. The costs involved were likely to be insignificant in the grand scheme, and in any case necessary. The cost of doing business.
The next step is to slowly pump the price, making it look organic, until momentum eventually takes over and others pump the price to the next ATH.
It's up from here.
Sorry Ibian, but you can't predict the unknown just like all the other TA clowns in these boards. NO ONE knows where we are headed, we don't even know for sure if the Wallstreet investments and Wrinkelvii ETFs are happening... we don't know how many other whales are willing to dump their coins.
I don't buy the idea that whoever dumped the recent 30k coins did it as a favor to bitcoin, to make it look like there was huge demand... he did it because he simply wanted fiat instead, it could have even been stolen coins... who knows? But he didn't do any favors, he broke a lot of confidence and caused panic.... no wallstreet investor will want to touch this when whales keep reminding everyone that they have the power to sink the market
I am with the OP. We seem to be in the take-off phase. We will probably get a few bears taking an unsuccesfull dump and then we get a 30day move to the ATH 
No more <$500 after 6 months from now.
No more <$500 after 6 months from now.
OP, thanks for sharing your vision.
Please explain your point of view, instead of just making an empy statement. I am intested in your arguments though.
The most stupid theory I've ever heard.
Like I've said previously, the dead cat will now bounce to 370-380, before crashing to sub 250. All of this will happen in less than a fortnight.
Like I've said previously, the dead cat will now bounce to 370-380, before crashing to sub 250. All of this will happen in less than a fortnight.
Please explain your point of view, instead of just making an empy statement. I am intested in your arguments though.
Nothing has changed about the fundamentals. Miners still have to sell coins to cover their expenses. 3600 coins are still created daily. That's a lot of sell pressure. Meanwhile, Average Joes still stay far away, due to the complexity, unsafety and lack of utility of BTC. Average Joes have
And that's why Bitcoin will continue towards double digits, as soon as this particular dead cat bounce is over.
Please remember that every previous Bitcoin bubble was fueled by Willy, Markus and other Gox bots. Those bots are long gone, so there won't be any more rallies.
I corrected something that was wrong re safe and cheap.
I got at least three warnings lately: Target, Walmart, Home Depot
Chase break-they don't even talking about the extent of it.
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