This is getting a bit out of hand....

Questat

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Quote from: Lawrenzoo on May 17, 2019, 04:29:21 AM

Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

The pull back is here, now its time for everyone to buy and increase the price back to $8000

We will certainly reach that price again, the pull back is healthy despite it reach at 11% dump today.
Bitcoin pump more than that percent in the last few days, so it's just time to see some pull back but we should not panic at this situation.

We've seen this many times already.

Man, let's hold.

michellee

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Quote from: LeGaulois on May 17, 2019, 04:49:34 AM

Quote from: buwaytress on May 17, 2019, 04:37:11 AM

Talk about a pullback. Woke up to 7200 thinking wow 10% only to find out it had sunk as far as 6.3k in Asian trading.

I sold my regular bill paying portion at 7k so was hoping it would stay a little longer at 8k but gains are gains and we were expecting this weren't we?

Bulls should be pleased even massive sell offs is only making this dent.

Yeah, but we were hoping to see it lasting a little longer, not much, a week or so. I'm like @1Referee, always the same story, you wake up and discover you're late, the mountains collapsed Cheesy

. I wanted to wait for $8,5k but decided to not, I could feel the correction coming and I sold a few bitcoins for $8k this week.

But you can set the alarm, so you are not late but nevermind, it already happens Grin

People who can buy bitcoin at $6k will be happy because now the price is back to $7k and soon, the price will be back to $8k and fly away to the higher price. But for many people who cannot buy at that lowest price, you could still buy right now or in anytime because you are not too late at all.

TheHas

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Quote from: jonahjonah on May 14, 2019, 12:08:17 PM

Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

I think we'll see a bigger pull back around 10K and then rally up to 20 Tongue

I think we've just had a main pullback. Will bounce back to 8.5k, then pull back to 6.5k or thereabouts, then push to 12k in august.

Obviously that's a total guess but that's what I'm predicting. Also think alts will improve but not uniformly. Only alts with working product or something innovative will ride some of the wave.

LeGaulois

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Quote from: buwaytress on May 17, 2019, 04:37:11 AM

Talk about a pullback. Woke up to 7200 thinking wow 10% only to find out it had sunk as far as 6.3k in Asian trading.

I sold my regular bill paying portion at 7k so was hoping it would stay a little longer at 8k but gains are gains and we were expecting this weren't we?

Bulls should be pleased even massive sell offs is only making this dent.

Yeah, but we were hoping to see it lasting a little longer, not much, a week or so. I'm like @1Referee, always the same story, you wake up and discover you're late, the mountains collapsed Cheesy

. I wanted to wait for $8,5k but decided to not, I could feel the correction coming and I sold a few bitcoins for $8k this week.

buwaytress

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Talk about a pullback. Woke up to 7200 thinking wow 10% only to find out it had sunk as far as 6.3k in Asian trading.

I sold my regular bill paying portion at 7k so was hoping it would stay a little longer at 8k but gains are gains and we were expecting this weren't we?

Bulls should be pleased even massive sell offs is only making this dent.

Lawrenzoo

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Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

The pull back is here, now its time for everyone to buy and increase the price back to $8000

n0ne

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Quote from: Leyss on May 17, 2019, 02:06:55 AM

Already several times the price of Bitcoin was falling back for correction, and this is absolutely normal for him and a sign that he is able to continue to grow further in price. It would be much worse if it continued to grow in price without departing for a correction. Then he would have fallen very long. Therefore, we can say that the situation is still controlled, in the near future we expect Bitcoin to rise again in price above $ 8,000 and take a course of $ 10,000.

Those were small fluctuations, where the price used to reach around $8150 and then suddenly falls low to $8010 and from that to $7900. What we see now is a deep fall in value. Probably this will get growing soon when the corrective measures were over. Most of the users weren't in the mood of accepting the growth and once after the correction people will believe it is true growth and nothing manipulated.

1Referee

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Quote from: raven7886 on May 16, 2019, 01:43:19 AM

Quote from: tomahawk9 on May 14, 2019, 10:06:57 AM

Quote from: justspare on May 14, 2019, 06:45:55 AM

I am still expecting a correction of $6000, and I am very optimistic about that always

LOL sounds like someone missed the train Grin

You caught him right there, because that is what we exactly do when we have missed the wonderful train, especially some of us that are taking quick profit. We don’t want bitcoin to continue spiking without having a retrace so that we can join the train again.

Not so fast boys, the price took a massive massive dump from $7700 to $6200 so the person you guys are making fun of has actually been right.

I have said it multiple times already and will say it again; Bitcoin has always been generous offering a second opportunity to buy lower. Not sure if this was the last opportunity, but it definitely was a great one to buy into. Too bad for me as European that most of the action happens just before we wake up so I missed it, but humans do need to sleep so I can't blame myself for that. Cheesy

This high volume dump is exactly what the market needed, and if you think logically, you can't expect the price to show 5-10% gains every single day. In the end, we are still well above $6000 which is a good thing, so is there a reason to complain? I certainly don't think so.

Leyss

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Already several times the price of Bitcoin was falling back for correction, and this is absolutely normal for him and a sign that he is able to continue to grow further in price. It would be much worse if it continued to grow in price without departing for a correction. Then he would have fallen very long. Therefore, we can say that the situation is still controlled, in the near future we expect Bitcoin to rise again in price above $ 8,000 and take a course of $ 10,000.

raven7886

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Quote from: tomahawk9 on May 14, 2019, 10:06:57 AM

Quote from: justspare on May 14, 2019, 06:45:55 AM

I am still expecting a correction of $6000, and I am very optimistic about that always

LOL sounds like someone missed the train Grin

You caught him right there, because that is what we exactly do when we have missed the wonderful train, especially some of us that are taking quick profit. We don’t want bitcoin to continue spiking without having a retrace so that we can join the train again.

If we don’t allow our fear to overcome us, we might not see a dump anytime soon, because fear destroys market faster that it makes it. Fear of dumping, is what makes people to start to panic sell, why fear of missing out is what makes people to start panic buying, I think for now, we should be consumed with the fear of missing out and buying more.

Kemarit

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Quote from: South Park on May 15, 2019, 11:53:16 AM

Quote from: ryzaadit on May 12, 2019, 12:59:12 PM

We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition. Just only PUMP & DUMP scheme, right now we are still on bullish i already predicted we going to correction between $6500-$6800 or $6000-$6500.

If the mempool is any indication I do not see the price going down dramatically during the next days, there is simply too many transactions which indicate a huge interest in bitcoin and if that is the case then the most likely outcome is that we are going to see the price increasing during the next days and weeks, I would like to see a slow and constant growth but I do not get to choose the way bitcoin and the markets move in general.

Nah, we shouldn't consider mempool a good indication, remember that Segwit is already gaining ground as well, there's no more choking, although it will clogged but it will clear up. Of course, everyone wanted to see the price going to 5 digits. But we all know that it won't be healthy for us in the long run. We should be more concern about the negative news coming out. We all know that when the price is going up, someone has the habit of releasing statements against bitcoin. So we should all prepared for that and not to be affected.

asche

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Quote from: South Park on May 15, 2019, 11:53:16 AM

If the mempool is any indication I do not see the price going down dramatically during the next days, there is simply too many transactions which indicate a huge interest in bitcoin

I don't see the logic sorry.

Any price fluctuatin will generate transactions. That doesn't mean it will increase demande.

let's say bitcoin bottoms again, you will have even more transaction coming from people wanting to panic sell.

Or if the price stay high, some strong hands might use bitcoin to buy stuff. Again I don't see this correlated with the price at all.

South Park

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Quote from: ryzaadit on May 12, 2019, 12:59:12 PM

We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition. Just only PUMP & DUMP scheme, right now we are still on bullish i already predicted we going to correction between $6500-$6800 or $6000-$6500.

If the mempool is any indication I do not see the price going down dramatically during the next days, there is simply too many transactions which indicate a huge interest in bitcoin and if that is the case then the most likely outcome is that we are going to see the price increasing during the next days and weeks, I would like to see a slow and constant growth but I do not get to choose the way bitcoin and the markets move in general.

jonahjonah

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Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

I think we'll see a bigger pull back around 10K and then rally up to 20 Tongue

el kaka22

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Going high is not really a problem to be honest with you. Not going low is the real problem. If we go high too fast then there is a chance we can go down as well. That is why as long as we are safe (which we are so far) there is no reason to be afraid of going up.

Right now, it is really hard for us to go back down to under 5 thousand, it is technically possible but it is not really that much of a definite problem right now and unlikely, so as long as we keep that level up as we go up for example 9 thousand but 6 thousand bottom, 10 thousand but 7 thousand bottom like that and it follows then there is no problem, however if it goes to 12 thousand but bottom is still 5 thousand then it will be a problem. As long as we do not allow that to happen with high buy orders around those levels then we are fine.

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Quote from: justspare on May 14, 2019, 06:45:55 AM

I am still expecting a correction of $6000, and I am very optimistic about that always

LOL sounds like someone missed the train Grin

Quote from: Mpamaegbu on May 14, 2019, 07:10:36 AM

Are we already scared there could be a dump, even after several months of this voim taking a severe beating? What can ever satisfy mankind? Soon, lots of people will start a fresh round of fudding and calling others to quickly cash out.

Yeah, it feels like there's a new round of negativity and doubt among some people, it's like they're afraid of the current bull run? Everyone was expecting a new rally, but now that it's here, it is somehow a "sketchy" rally? I think some people can't get over the fact that analysts, experts, youtubers, or tradingview prophets with their 'fibonacci MA 1W line ascending convergence 0.88 xbt time paradox' TA charts, were unable to predict such massive surge in the price so, to them, this uptrend is odd...Meh, good thing they're the minority Cheesy

Reid

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Quote from: ryzaadit on May 12, 2019, 12:59:12 PM

We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition. Just only PUMP & DUMP scheme, right now we are still on bullish i already predicted we going to correction between $6500-$6800 or $6000-$6500.

I very much agree with this. There might be some people out there that are getting higher expectations again. Better get it right before it gets out of hand again.
Although the correction might also start a FUD it will be better to stay low than be the apple of the eye once again.

Some are rejoicing while others are in panic and some are worried. We are the worried ones. Grin

6k is not a bad number. If this keeps on theh will be riding the boat again and a sudden fall might happen again which will question the bitcoin market for the last time.

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Quote from: ryzaadit on May 12, 2019, 12:59:12 PM

We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition. Just only PUMP & DUMP scheme, right now we are still on bullish i already predicted we going to correction between $6500-$6800 or $6000-$6500.

Are we already scared there could be a dump, even after several months of this voim taking a severe beating? What can ever satisfy mankind? Soon, lots of people will start a fresh round of fudding and calling others to quickly cash out. Can't we just enjoy this bliss, even if it's for a few weeks? Notably, I do believe there should be speed bumps (in form or retracements) as price soars but that won't take us back to the $3k region no matter what.

fabiorem

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Looking at the price right now, Im starting to doubt we will see a correction at 8k. It looks like its trying to break 8k in a upwards swing. If it breaks we could easily be at 10k in a matter of hours.

If OTC is lacking sellers, institutions can only buy in the exchanges, which is one more reason to go up.

jubalix

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Quote from: Gozie51 on May 12, 2019, 03:06:28 PM

Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

I'm surprised you are asking for a pull back rather than a continuous bull. The market is green and the ride is good for people who bought earlier. I'm guessing you want to buy and expecting price to drop back Grin

Well I just feel you can have a longer bull run, and higher floor on the bear when you have a good few pull backs.

I am a perma bull and hodl.

justspare

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Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

You must be a selfish one mate, this is a prayer or wish of a selfish cryptonian like me, I also want a pull back so I can pick another dip for the one I have sold and taken profit on. There has been some few pull back though, but it’s not enough, every time those tiny pull back comes, all we see again is a forceful push up.

I am still expecting a correction of $6000, and I am very optimistic about that always, because from that dip pull back is when we will have a very high surge in the price of bitcoin and other altcoins that are responding to bitcoin movement, bitcoin might even shoot as high as $15,000 after this pull back.

FanEagle

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Quote from: Jating on May 13, 2019, 03:36:58 AM

Quote from: Gozie51 on May 12, 2019, 03:06:28 PM

Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

I'm surprised you are asking for a pull back rather than a continuous bull. The market is green and the ride is good for people who bought earlier. I'm guessing you want to buy and expecting price to drop back Grin

It's normal, we don't have to see parabolic rise, most of the time we need some healthy pullback so that investors who wants to invest can get it again when it dip.

Currently there is strong support around $7k, but who knows, maybe it can still go down to levels we wouldn't thought possible at the current sentiments of the market.

This is the fact that many people don’t know and when we talk about a pull back, they see the speculator as anti bitcoin or an FUD news carrier, but not everyone that says something about bitcoin downtrend has a bad mind.

Just like you said, this pull back is necessary for investors that are yet to invest, and some existing investors that are taking profit shortly, because once they pull out at a certain spot, they need a pull back for them to be able to gain entrance to the market again. We have always been seeing these pull back naturally, probably we have not been paying much attention to it due to time difference.

arpon11

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Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

Sir, with all due respect can you state the reason why it is very important bitcoin or others coins need a pull back before taking off again.
To me bitcoin is in good condition and it is better for it to remain in bullish conditions than bearish conditions at the moment. Many people wish it dead and some want bitcoin as a commodities but we the enthusiast what to make a point and that is bitcoin become the major currency in the world and as such we need it to be strong against other major currency. If we need it as a commodities we would wish it pull back so we can buy cheap and makes profits when it grow but if it is to serve as money then it need to grow to some level and remain stable.

Indrawan77

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Quote from: leowonderful on May 13, 2019, 04:37:55 PM

Crazy. We just busted through $8k like it was nothing coming from the upper $6ks today, already past $8k now on Mex ($8100 currently), still adhering to my trading plans and not trying to alter them as much as possible but I'm also not completely closing my positions just in case things blast through faster than expected, volume has also been rising in the last few days on most exchanges with Bitmex at nearly $9B volume yesterday and 6B today, with the day not over yet. Buying pressure's still not letting off yet as well. Truly surprised momentum's been so strong for so long here.

Its a bit wild I think, the price just keep on going higher without any clear reason, the transaction volume also keep on accumulating, we need to be careful on the pullback, recently there was a minor pullback, but I think there will be more pullback unless there are more clear reason behind this rising, the price is moving up too fast and usually this could end up with fast and deep correction

figmentofmyass

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Quote from: gentlemand on May 13, 2019, 04:29:10 PM

I don't think mom and pop, or your asshole workmate, are in on this.

The whole thing was kicked off by those coordinated monster buys a few weeks back. Either someone somewhere knows something we don't yet, or they want everyone else to believe that. I for one never expected anything like this and it looks like very few others did too.

this definitely isn't mom and pop. they generally don't enter until the later stages of a bubble.

re the monster buys, that was just smart whales who were following the path of least resistance. OTC supply was probably drying up. to big players privy to much better information than us plebs, the upcoming move was probably fairly obvious. they were just capitalizing on it, on bitmex obviously since the buys were coordinated across kraken, bitstamp, and coinbase pro.

leowonderful

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Crazy. We just busted through $8k like it was nothing coming from the upper $6ks today, already past $8k now on Mex ($8100 currently), still adhering to my trading plans and not trying to alter them as much as possible but I'm also not completely closing my positions just in case things blast through faster than expected, volume has also been rising in the last few days on most exchanges with Bitmex at nearly $9B volume yesterday and 6B today, with the day not over yet. Buying pressure's still not letting off yet as well. Truly surprised momentum's been so strong for so long here.

gentlemand

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I don't think mom and pop, or your asshole workmate, are in on this.

The whole thing was kicked off by those coordinated monster buys a few weeks back. Either someone somewhere knows something we don't yet, or they want everyone else to believe that. I for one never expected anything like this and it looks like very few others did too.

$10,000 is the level I'm most interested in considering it got within $10 of it on a blip on the way down and never approached it again until now. If it slices through that something very odd is going on.

Who's your fave candidate for weird conspiracies? You can never, ever go wrong with Btifinex.

BUK2016

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Quote from: Adriano2010 on May 12, 2019, 12:54:52 PM

I don't think the price will drop so much, i think is only some pull back but the price will not drop much more in my opinion even if go a bit down, we are at 6900$ now.

I don't think that the market price of Bitcoin will drop soon to like $6000 or there about in the coming weeks or so. This is because, the rate at which Bitcoin has increased now except if something negative will happen and can influence the market negatively only then we could see a serious downward trend.

exstasie

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Quote from: asche on May 13, 2019, 02:08:53 PM

Quote from: exstasie on May 13, 2019, 10:31:38 AM

I was planning to sell near $8K. Now I'm not so sure.

Classic FOMO.

Define your investment plan and STICK TO IT.

*Not an investment advice.

Not really, classic FOMO would be blindly buying based on hype with no plan. I'm just revising targets higher because momentum is strong. Selling $8K was never a hard plan for me; in fact the original plan was to sell $6K. I don't regret revising my target higher back then either. My trading strategy is to let winners run and cut losers quickly. I've been riding this since the low $3,000s so I've got plenty of wiggle room.

Also, I've been around since 2013 and I will say, it's always good to second guess your plans to sell spot BTC and assess the likelihood that you'll ever be able to recover your coins again.

2chase

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I think that we should not count on the fact that in the next month Bitcoin will roll back down very strongly. All who, by their naivety, sold their coins when it cost 6000, - probably, they can never again to buy Bitcoin cheaper than 6300-6500. In the next six months, I expect Bitcoin to continue to conquer the level of $ 10,000.

El duderino_

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BTC never gets out of hand and isn't made to be controlled ..... It will follow its own pad more and more, btw let the FOMO kick in new strong hands and new idiots that will panic sell @the wrong time.....

asche

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Quote from: exstasie on May 13, 2019, 10:31:38 AM

I was planning to sell near $8K. Now I'm not so sure.

Classic FOMO.

Define your investment plan and STICK TO IT.

*Not an investment advice.

exstasie

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Quote from: fabiorem on May 13, 2019, 10:21:14 AM

My guess is that the price will top 8k in a few days, then drop 15% to $6800, or 30% to $5600. I dont believe we will drop more than 30%. In any case, BTFD.

I was planning to sell near $8K. Now I'm not so sure. I can't remember when I last saw price action so strong. Not since 2017, I think.

If we keep rising with this sort of momentum, we'll definitely see a >30% pullback eventually since we're not establishing any support levels on the way up.....we're just going straight up. During the 2017 bubble, we saw several 33%-40% pullbacks so it would be totally normal.

thecodebear

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damn and it just now popped up a few hundred more to $7800 on coinbase right now! CMC over $7700

BTC marketshare about to hit 60% again for the first time since late 2017!

fabiorem

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My guess is that the price will top 8k in a few days, then drop 15% to $6800, or 30% to $5600. I dont believe we will drop more than 30%. In any case, BTFD.

figmentofmyass

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Quote from: hugeblack on May 13, 2019, 06:27:19 AM

The puzzling question is what is the reason for all this rise ?, Even the best optimists did not expect to return to $ 6,000 levels during this month.

or $7500 levels either! Tongue

the market was obviously much more heavily oversold than we thought. the ask side has been extremely thin during a time when shorts were extremely high. these conditions created a perfect storm as market demand began spiking upwards. strong demand + weak supply = big pumps.

Quote from: hugeblack on May 13, 2019, 06:27:19 AM

The situation now looks stable but remember that there is a historical resistance barrier at $ 6,700 so the scenario is open between $ 6,000 and $ 8,000. I do not expect to settle at 6,000.

i'm in agreement with masterluc---this move is far too strong on the daily/weekly chart to try calling the top here.

thecodebear

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I would assume more of a pullback is coming, but who knows. When it hit $6400 I figured it'd pull back to around $5600-$5800 before moving above $6k for good, but instead it shot up another $1000 very quickly. We got a brief pullback to high $6000s and now its rallying again to mid-7000s. I gotta figure it'll slow down and maybe level out in this level for a bit, or possibly spend some time in the 6000s. I mean it only spent what like a day in the 6000s - just shot straight though it.

If you look at the start of the last bull market, after the initial pop up out of the bottom (like we had on april 1st) it corrected down and then a few weeks later popped up even higher and kept that price. That's essentially what's happened so far. April 1 pop out of the bottom to start the bull market, it didn't really correct from there but just held price basically and slowly gained for a month before we got this next pop. Maybe we'll see this price stabilize around here for a bit before then gradually starting to move up, or maybe it'll do a series of little explosions like this with stabilizing in between for several weeks. Anyone, exciting to see what happens. Fun to watch the net worth shoot up after accumulating at the bottom all winter!

1Referee

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Bitmex has done more volume than ever before with +$10 billion in a single day. This is indeed leveraged volume, where as per the average leverage used 8-10x the actual volume is $1 billion at minimum. This is absolutely crazy. The thin spot markets are working in favor of Bitmex with how we're bouncing up and down like $400-$500 as if it is nothing.

People were screaming for a bull run before the price took off, they didn't get it. People right now are screaming for a correction, and they in a similar way might not get it. It would make sense based on the technicals to see the price correct, but the price has done nothing but ignore the technicals in the last few weeks.

Right now I'm just chilling and ejoy looking at the live charts. Cheesy

YuginKadoya

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It can sure pull back anything is possible bitcoin is unpredictable but we can never call it out of hand, Bitcoin is expected to have this kind of movement and that is the bull run, But the unpredictableness of Bitcoin can sure what the traders and investors like about it and even if the price is spiking up it can still go down a bit whenever some whales sell some bitcoin or a bad news might happen to some exchange like what happen to Binance or government that is banning the use of cryptocurrency, Volatileness can sure give cryptocurrency the edge why many like it.

BitcoinHodler

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i wouldn't really call this "getting out of hand" because we have a long way to go before we reach that crazy stage where price shoots up unexpectedly without any reason and we wouldn't be able to explain it in any ways. right now this rise was not only well expected but also anticipated and explainable. not to mention that it isn't that big a rise to begin with. a small 10-15% rise in a couple of days after months of big crazy drops to unexpected lows is just a natural course of the market correcting itself.

hugeblack

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The puzzling question is what is the reason for all this rise ?, Even the best optimists did not expect to return to $ 6,000 levels during this month.
The situation now looks stable but remember that there is a historical resistance barrier at $ 6,700 so the scenario is open between $ 6,000 and $ 8,000. I do not expect to settle at 6,000.

The positive side is that I have started to be very optimistic about bitcoin halving 2020. ----> only 376 Days Grin

Jating

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Quote from: Gozie51 on May 12, 2019, 03:06:28 PM

Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

I'm surprised you are asking for a pull back rather than a continuous bull. The market is green and the ride is good for people who bought earlier. I'm guessing you want to buy and expecting price to drop back Grin

It's normal, we don't have to see parabolic rise, most of the time we need some healthy pullback so that investors who wants to invest can get it again when it dip.

Currently there is strong support around $7k, but who knows, maybe it can still go down to levels we wouldn't thought possible at the current sentiments of the market.

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Quote from: figmentofmyass on May 12, 2019, 12:42:44 PM

we just pulled back > $800/10% in the last 10 hours. it's been a bloody night. enough pullback for you?

vs the uptrend its peanuts. It settled yesterday on a $-231,14 USD (-3,21%) this still can bust or break but worse was expected for the doom thinkers.

Pursuer

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Where is my ring of blades...

lets not forget that the $17000 (85%) drop was the "pull back", not to mention that the last nearly 50% drop from $6k was the biggest and most unexpected pull back that we had. now we are just "correcting" that wrong pull back so the price is expected to rise like this and look out of hand.
but the truth is, there has been a big sum of money waiting on the sidelines to come back in, all those who sold due to the manipulation have been waiting for this rising signal to jump in and now they are doing it with as much speed that they can considering transfer of money from their banks to exchanges and buying takes time.

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Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

I'm surprised you are asking for a pull back rather than a continuous bull. The market is green and the ride is good for people who bought earlier. I'm guessing you want to buy and expecting price to drop back Grin

Bitcoinwaist

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a pullback was inevitable. that was one hell of a run from $4k to $7.5k we are blessed guys.
if I were a trader I would buy this dip. This pump could continue Roll Eyes

mindrust

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I have been DCA'ing for more than a year and I'll continue to do so but I am not buying any big pieces unless we see a good pullback. $6800 was a joke. If it goes up and up and up and up till $50k without giving a decent opportunity to buy, that's fine by me. I already established a decent position.

I am not touching it till I see the lower side of $5k. ($5100-5200) Would make a double purchase from $4.5k. Till that happens, I'll be lowering my DCA amount and sticking to my plan.

It just went above $7k again, which tells us the bulls haven't given up yet.

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$500 up and then $500 down during the last 24h. Wow, the good old days with high volatility are coming back? Sounds good to me. The price is still about +2% compared to yesterday, nothing to think about a correction, maybe in 6 hours we will BTC/USD $7,500. Let's see if the trend continues next week, also the 24h volume tripled compared to a month ago

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Quote from: asche on May 12, 2019, 01:00:57 PM

I don't see a problem to go back to $6k. I'm not saying I believe it will happen, but I wouldn't be surprised if it would.

I'd rather have a steady slow continious increase than a bubble/burst like candle that will eventually fall even harder.

I thought movements like this are getting less and less frequent with bitcoins increasing liquidity and usage worldwide, but I guess it is still too early.

To be fair this "Burst" is what causes strady rise of bitcoin's price. When we were in stuck in 3k usd, then one burst up to 4k caused steady rise up to 5k. Even in past, that bursts pushed bitcoin to go up to 20k. As I see slow rise/fall only gives us steady price and doesn't benefit in further rise but one big burst somehow makes hope of rise among people.
It was exciting moment when I checked price today and it was over 7k but some hours later I got so dissapointed, bad.

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Quote from: The Sceptical Chymist on May 12, 2019, 01:11:41 PM

That's what I'm talking about. Unfortunately when bitcoin starts to skyrocket, it attracts new money--and not necessarily smart money, either. It would be very easy for the price to blow up to levels that just aren't sustainable, like in 2017.

Good thing is, the higher the market cap, the more bitcoiners, the more money you need to have this effect. So over time things should be stabilizing. It is just a matter of time.

Hell in 10 years gold might have higher volatility than bitcoin!

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Quote from: ryzaadit on May 12, 2019, 12:59:12 PM

We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition.

My thoughts exactly, and I've been saying as much in other threads. Pullbacks/corrections are healthy when the market gets overheated like this. In any crazy bull market, people rush in to buy whatever it is that's on fire and they expect it to keep going up forever--and it never does. I would prefer that bitcoin not get to a price where all the fools rush in, because the rest of the long-term investors would be in trouble.

Bitcoin is at $6928 as I write this, so it's not in bubble territory yet. It would be great if the price could just stay right where it is for a few months and then resume its upward trajectory--and slowly. But of course the market doesn't care what I want and is going to do its own thing.

Quote from: asche on May 12, 2019, 01:00:57 PM

I don't see a problem to go back to $6k. I'm not saying I believe it will happen, but I wouldn't be surprised if it would.

I would not be disappointed in the least if bitcoin fell back to $6000. Hell, it was stuck in a tight range of around $3500 for many months, so you won't hear me complaining about a fall to $6k.

Quote from: asche on May 12, 2019, 01:00:57 PM

I'd rather have a steady slow continious increase than a bubble/burst like candle that will eventually fall even harder.

That's what I'm talking about. Unfortunately when bitcoin starts to skyrocket, it attracts new money--and not necessarily smart money, either. It would be very easy for the price to blow up to levels that just aren't sustainable, like in 2017.

asche

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I forgot more than you will ever know.

I don't see a problem to go back to $6k. I'm not saying I believe it will happen, but I wouldn't be surprised if it would.

I'd rather have a steady slow continious increase than a bubble/burst like candle that will eventually fall even harder.

I thought movements like this are getting less and less frequent with bitcoins increasing liquidity and usage worldwide, but I guess it is still too early.

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We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition. Just only PUMP & DUMP scheme, right now we are still on bullish i already predicted we going to correction between $6500-$6800 or $6000-$6500.

Adriano2010

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I don't think the price will drop so much, i think is only some pull back but the price will not drop much more in my opinion even if go a bit down, we are at 6900$ now.

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Quote from: jubalix on May 11, 2019, 11:52:54 AM

We need a pull back and then, on?

we just pulled back > $800/10% in the last 10 hours. it's been a bloody night. enough pullback for you?

maybe we're just getting started. this guy thinks we've just topped and are dropping back to $4k. he's been pretty on point the last several months: https://bitcointalksearch.org/topic/m.51017295

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We need a pull back and then, on?

Topic: This is getting a bit out of hand.... (Read 818 times)