this is a bear trap and we will go to 10k - page 2.

cpfreeplz

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Quote from: BrewMaster on January 06, 2017, 12:49:07 PM

Quote from: BitcoinBarrel on January 06, 2017, 12:19:06 PM

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

saying things like 10K price and 1500% ROI (which is $12800) is as worthless as saying bitcoin is going to crash to $50

this is speculation topic and it has turned into a place for people to say random stuff and some others spam FUD...

Thank you! Ya, 10k won't be happening over night. Some day for sure because 16b market cap is very small (or whatever we're at right now. Something between 14 and 18 lol). It's volatile but not that volatile anymore. Gone are the days of 1500% ROI in a matter of days/weeks.

BrewMaster

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There is trouble abrewing

Quote from: BitcoinBarrel on January 06, 2017, 12:19:06 PM

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

saying things like 10K price and 1500% ROI (which is $12800) is as worthless as saying bitcoin is going to crash to $50

this is speculation topic and it has turned into a place for people to say random stuff and some others spam FUD...

btcmerich

sr. member

Activity: 339

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10k??? it did struggle at 1k-1.3k range. maybe in 5 years time we will see 10k but i doubt it . Stop dreaming and make money now as much as you can do not sit on your money and dream about what can be

Wilhelm

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Quote from: BitcoinBarrel on January 06, 2017, 12:19:06 PM

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

1500% ROI I would put my feet back on the planet Wink

The halving was long coming and has been calculated in before we hit the halving.
So I don't think the halving has much to do with this.

If you bought at $1100 in 2013 you might be happy just getting your money back.
If you bought many BTC at $1 you might cash out and live a rich life.

But then again I think this might just be a healthy correction due to the steep rise we just encountered.

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

Wilhelm

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Activity: 1652

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Looking at the 30m bitstamp charts you can see BTC crawling to the upper side of the bollinger bands.
Every time it gets there somebody dumps coins and it hits the bottom band (doesn't move there, it gets slammed there).

So in my opinion this is bullish. BTC wants to go up but is held back.

We are probably just pushing through the people (who bought into the last ATH) getting their money back or early adopters cashing out.
Once we get through the dumpers we will start moving upwards again.

cpfreeplz

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Quote from: MANCRYPTOS on January 06, 2017, 11:39:37 AM

Quote from: DefendKebab on January 06, 2017, 11:08:39 AM

600 dollar is more likely.

Yes agree but for whom, 600$ is good? Of course for me it is good, because I need to catch low price to buy them and then hold, but who bought it when the price was 1100$ is very bad

If you bought at $1100 you were way late to the game anyways so way to go lol. $600, I doubt it. Maybe if we have a huge huge panic, but I really doubt that's going to happen. This correction was inevitable because the price skyrocketed up but the rises before this were very steady. We'll probably be fairly stable around this price now.

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

I bought more btc at $800 before the spike, could have cashed out and made a small 20-30% ROI.

But like I've said before, I'm not in this for small returns. Will buy more as it bottoms out. This Bear trap will catch many of the non-believers.

Kprawn

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Give it some time, people from China are not stupid. They will soon realize what is going on, and then they will re-invest again. We see this

every time when the price goes up. This time it was the Chinese rumors and the rumors about Coinbase being hacked that triggered this.

We will soon see a bounce back, when people start to calm down again after the panic sell. I estimate that we could have a average price of

$1000+ for the duration of the first quarter of 2017. Wink

talkbitcoin

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All I know is that I know nothing.

Quote from: ridery99 on January 06, 2017, 08:10:35 AM

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

eventually yeah. but for now they are clinging to anything they can to push the price down.
- the spam bot of this board is at full capacity posting the same crap again and again.
- the shill known as kwukduck is active again
- the lies about China banning blah blah started up again.
- so much more FUD

in my experience when this situation is the hottest, there is a rise on the way and they are trying to fill their pockets more with cheap coins of weak hands.

MANCRYPTOS

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Quote from: DefendKebab on January 06, 2017, 11:08:39 AM

600 dollar is more likely.

Yes agree but for whom, 600$ is good? Of course for me it is good, because I need to catch low price to buy them and then hold, but who bought it when the price was 1100$ is very bad

DefendKebab

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Hassan Al-Kebab

600 dollar is more likely.

amacar2

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Quote from: ridery99 on January 06, 2017, 08:10:35 AM

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

This dump is just a correction which went worse after Yuan got stronger but as we all know yuan may follow same downward trend like last year, so this is just temporary.

Price will soon find floor at $1000 level and we may see next big surge pushing price beyond $1500 easily. Grin

leopard2

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could be

or it was a double top

this analysis is pretty good

http://www.onvista.de/news/bitcoin-preisexplosion-ueber-1-000-sie-wussten-bescheid-51475983

so around 800is, then back up....or back into sub 700 for another 4 years? unlikely.

ridery99

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I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

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