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dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: 1Referee on October 19, 2015, 04:52:35 AM

Quote from: RyanLZ on October 19, 2015, 04:46:20 AM

Quote from: Amph on October 19, 2015, 02:39:27 AM

Quote from: anthonycamp on October 18, 2015, 10:43:42 AM

300$ its better than 200$ but its taht soo important? i mean i dont quit BTC even if was at 20$

price is important yes, it what will drive many more people to join in, low price make everyone not investing or using it because they thing it will die soon, it's depressing...

The market capitalization is important. If it is too small, big money cannot come in and price is volatile.

Volatility makes Bitcoin a great investment. Big money can come in whenever it wants, they simply buy up slowly to not leave any marks behind. Or they can enter when there is a coin auction to buy up coins at one price.

Yes, this is where most traders profit from: volatility of the price of a certain commodity. I also have been doing this in the past year and because of price volatility of bitcoin, I am no longer affected of small crashes/rises but instead I focus on one term which could yield me some nice profit if I played the market correctly. Simple concept that others find hard to follow: buy low, sell high. Wink

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: 1Referee on October 19, 2015, 04:52:35 AM

Quote from: RyanLZ on October 19, 2015, 04:46:20 AM

Quote from: Amph on October 19, 2015, 02:39:27 AM

Quote from: anthonycamp on October 18, 2015, 10:43:42 AM

300$ its better than 200$ but its taht soo important? i mean i dont quit BTC even if was at 20$

price is important yes, it what will drive many more people to join in, low price make everyone not investing or using it because they thing it will die soon, it's depressing...

The market capitalization is important. If it is too small, big money cannot come in and price is volatile.

Volatility makes Bitcoin a great investment. Big money can come in whenever it wants, they simply buy up slowly to not leave any marks behind. Or they can enter when there is a coin auction to buy up coins at one price.

Yes but not too much volatility however. We don't need craziness of the price like we had on the past, to lose sometimes even $200 a day. This is what our opponents are using against us, saying that Bitcoin is a speculation tool run by speculators.

Also people are afraid of this volatility. Some people are literally staying away from investing since Bitcoin's price was acting crazy in the past.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: RyanLZ on October 19, 2015, 04:46:20 AM

Quote from: Amph on October 19, 2015, 02:39:27 AM

Quote from: anthonycamp on October 18, 2015, 10:43:42 AM

300$ its better than 200$ but its taht soo important? i mean i dont quit BTC even if was at 20$

price is important yes, it what will drive many more people to join in, low price make everyone not investing or using it because they thing it will die soon, it's depressing...

The market capitalization is important. If it is too small, big money cannot come in and price is volatile.

Volatility makes Bitcoin a great investment. Big money can come in whenever it wants, they simply buy up slowly to not leave any marks behind. Or they can enter when there is a coin auction to buy up coins at one price.

RyanLZ

newbie

Activity: 42

Merit: 0

Quote from: Amph on October 19, 2015, 02:39:27 AM

Quote from: anthonycamp on October 18, 2015, 10:43:42 AM

300$ its better than 200$ but its taht soo important? i mean i dont quit BTC even if was at 20$

price is important yes, it what will drive many more people to join in, low price make everyone not investing or using it because they thing it will die soon, it's depressing...

The market capitalization is important. If it is too small, big money cannot come in and price is volatile.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: anthonycamp on October 18, 2015, 10:43:42 AM

300$ its better than 200$ but its taht soo important? i mean i dont quit BTC even if was at 20$

price is important yes, it what will drive many more people to join in, low price make everyone not investing or using it because they think it will die soon, it's depressing...

jeffthebaker

legendary

Activity: 1526

Merit: 1034

Quote from: Hugroll on October 18, 2015, 11:35:26 AM

Quote from: Fontas Returns on October 16, 2015, 12:48:01 PM

The top is in on this run-up. Time to unload and take profits. Wink

i dont feel like 270 is the top, i feel like bitcoins going to hit around 330 and stay there for around a month and around the halfing next year itll be around 400-500

I highly doubt the price staying at or around $300, even if we do see it. $300 has huge psychological implications, and its a number that plenty of people are looking to cash out at. (See bear wall). It's a hard number to break through and stay above.

However, increases seem to be nullifying, I'm not sure if we will even see the price flirt with the $300 line in this ride.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: Hugroll on October 18, 2015, 11:35:26 AM

Quote from: Fontas Returns on October 16, 2015, 12:48:01 PM

The top is in on this run-up. Time to unload and take profits. Wink

i dont feel like 270 is the top, i feel like bitcoins going to hit around 330 and stay there for around a month and around the halfing next year itll be around 400-500

it's the top for now. if we can manage to stay above $260 for a week, then we might see the price make another attempt to break through the $280.

Hugroll

hero member

Activity: 756

Merit: 500

Quote from: Fontas Returns on October 16, 2015, 12:48:01 PM

The top is in on this run-up. Time to unload and take profits. Wink

i dont feel like 270 is the top, i feel like bitcoins going to hit around 330 and stay there for around a month and around the halfing next year itll be around 400-500

jaberwock

legendary

Activity: 2660

Merit: 1074

Just weekend effect. People won't load money into exchanges and people won't trade too much, so small flutuactions are possible

Tomorrow the up trend will be retaken

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: btbrae on October 17, 2015, 01:24:52 PM

We'll see. I don't think the last leg down is in yet.

$100 qualifies as more than just a leg down. That's going to put the willies up an awful lot of people if it did happen.

anthonycamp

sr. member

Activity: 322

Merit: 250

300$ its better than 200$ but its taht soo important? i mean i dont quit BTC even if was at 20$

RyanLZ

newbie

Activity: 42

Merit: 0

Quote from: Dilla on October 17, 2015, 09:51:08 AM

$100? Some serious shit would have to go down for that to happen. Not very likely.

If there is no fundamental problem of bitcoin, the price will be above $100. If bitcoin gets used more, the price will be higher.

btbrae

hero member

Activity: 680

Merit: 500

Quote from: Denker on October 17, 2015, 10:02:53 AM

Quote from: btbrae on October 17, 2015, 09:32:16 AM

I think approaching 300 is a good exit. It may surge past for a little while but a lot of people, myself included, are still waiting for $100 before we are confident of a bottom forming.

Are you serious? Waiting for $100 is a waste of time I believe.We've seen that $200-$220 was/is a pretty solid bottom.We had been below that but bounced back pretty fast.

We'll see. I don't think the last leg down is in yet.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: btbrae on October 17, 2015, 09:32:16 AM

I think approaching 300 is a good exit. It may surge past for a little while but a lot of people, myself included, are still waiting for $100 before we are confident of a bottom forming.

Are you serious? Waiting for $100 is a waste of time I believe.We've seen that $200-$220 was/is a pretty solid bottom.We had been below that but bounced back pretty fast.

Dilla

hero member

Activity: 588

Merit: 500

$100? Some serious shit would have to go down for that to happen. Not very likely.

btbrae

hero member

Activity: 680

Merit: 500

I think approaching 300 is a good exit. It may surge past for a little while but a lot of people, myself included, are still waiting for $100 before we are confident of a bottom forming.

emelac

full member

Activity: 184

Merit: 100

Quote from: NorrisK on October 17, 2015, 05:56:12 AM

Quote from: zimmah on October 17, 2015, 05:32:39 AM

Quote from: spiderbrain on October 16, 2015, 07:34:18 PM

Quote from: kwukduck on October 16, 2015, 01:17:20 PM

Quote from: Dilla on October 16, 2015, 01:12:27 PM

we're going to test 300 within the next week, but not without a retrace or two along the way i think.

Lol no. It's just another dead cat. You should know by now... within a week we'll be back down to low 200s

This will be fun to quote later.

i want to be in the quote too, just in case.

He is doing these type of posts every time bitcoin is making a run.

Ofcourse it will go down a bit after a while due to correction, but usually he is quite wrong about the end result (he also predicted sub 200 again).

It's already higher today than it was yesterday. He predicted a small chance of a double top at best, but it's gone up too much today to call it a double top. Nobody can predict what it's going to do with any degree of certainty. There are professional trading sites full of predictions that are frequently wrong.

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: zimmah on October 17, 2015, 05:32:39 AM

Quote from: spiderbrain on October 16, 2015, 07:34:18 PM

Quote from: kwukduck on October 16, 2015, 01:17:20 PM

Quote from: Dilla on October 16, 2015, 01:12:27 PM

we're going to test 300 within the next week, but not without a retrace or two along the way i think.

Lol no. It's just another dead cat. You should know by now... within a week we'll be back down to low 200s

This will be fun to quote later.

i want to be in the quote too, just in case.

He is doing these type of posts every time bitcoin is making a run.

Ofcourse it will go down a bit after a while due to correction, but usually he is quite wrong about the end result (he also predicted sub 200 again).

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: spiderbrain on October 16, 2015, 07:34:18 PM

Quote from: kwukduck on October 16, 2015, 01:17:20 PM

Quote from: Dilla on October 16, 2015, 01:12:27 PM

we're going to test 300 within the next week, but not without a retrace or two along the way i think.

Lol no. It's just another dead cat. You should know by now... within a week we'll be back down to low 200s

This will be fun to quote later.

i want to be in the quote too, just in case.

pooya87

legendary

Activity: 3472

Merit: 10611

it is still early to cash out even for a day trader who looks for short term investment with small profits. price is still going up and the weekend has not yet arrived.

Topic: The top is in (Read 2686 times)