The textbook brutal correction is in. Over 20% wiped from the Chinese exchanges within 1 hour.
Burning question now, is whether 'they' power Bitcoin up for one final nosebleed rocket up, or whether she puts in a double top here.
Interesting to watch.
Topic: This pump is not sustainable. - page 2. (Read 3725 times)
I think bitcoin is out of control, because it is really going too fast, I didn't thought, that bitcoin would be cross $1030 within month, and also i have sold my 4 bitcoins at $1000, and i thought, i done very well, but now, i think may be i do wrong.
But i have speculation, that bitcoin suddenly come back, and it will be good time to buy the bitcoins once again, and then hold it, as usual we are doing.
You didn't do specially good or bad. 1000$ is going to be the average price for some times.But i have speculation, that bitcoin suddenly come back, and it will be good time to buy the bitcoins once again, and then hold it, as usual we are doing.
In fact, unless I'm wrong ofc, every halving sees the price mulitplied by ten or something similar. At least the order of magnitude is this one. So for some times the price is going to be rather stable around 1k then is going up again. Of course in the middle of all that the price will fluctuate and probably drop a bit, but that's just a general measure. The real trend will be up simply because of how btc is designed and because new adopters are coming.
Though I don't believe in something like 2k in a month or two. That's a bit too much I'd say ^^
Lmao. This price is nothing. Wake me up at a 100bn market cap.
You can sleep for another 12 months.
Need to pay for some cryogenic freezing for waking up at 100bn.
I think bitcoin is out of control, because it is really going too fast, I didn't thought, that bitcoin would be cross $1030 within month, and also i have sold my 4 bitcoins at $1000, and i thought, i done very well, but now, i think may be i do wrong.
But i have speculation, that bitcoin suddenly come back, and it will be good time to buy the bitcoins once again, and then hold it, as usual we are doing.
But i have speculation, that bitcoin suddenly come back, and it will be good time to buy the bitcoins once again, and then hold it, as usual we are doing.
No it is not sustainable, nothing like this is. But I think we still have a quite a way to go up. (I hold very little BTC btw)
As you can see we are correcting at the moment.
That is good! Let some guys take their profits and give others the chance to buy in.
Over the long run I also believe we will continue moving up.And therefore I don't care when we are breaking the ATH in USD.
Sooner or later it will happen and in all other major currencies we've already achieved that.
No it is not sustainable, nothing like this is. But I think we still have a quite a way to go up. (I hold very little BTC btw)
If the price does not rise to $1200 in the next two weeks and consoidate here, then it is very sustainable.
I am surprised and puzzled to see this high price too. I have no clue on how to make a decision if I should hold or sell the btc I have.But how are you guys not selling, isn't this the perfect price?
Don't waste time waiting and cash out a certain portion of your coins, these prices won't be sustainable for too long. It's a fantastic opportunity. I have cashed out a certain portion as well. I won't be risking having missed a great chance to secure profits at these levels. Ignore the feeling of greed if it makes you wait. If you cash out like 10-20% and save the other part of your coins, then you can still benefit if the price happens to increase further. That's how you should do it. If the price goes down sharp, then you can use the money from the coins you sold to buy back at lower prices. It's a win win situation.
No it is not sustainable, nothing like this is. But I think we still have a quite a way to go up. (I hold very little BTC btw)
I am surprised and puzzled to see this high price too. I have no clue on how to make a decision if I should hold or sell the btc I have.But how are you guys not selling, isn't this the perfect price?
Right now the decision needs to be made by you. The price movement is unpredictable, if someone says to hold and by the next day if price falls, then you can't tolerate. Same if the decision is made on your own, then you can console yourself. Make a research and make the final decision whether to sell or hold.
Lmao. This price is nothing. Wake me up at a 100bn market cap.
You can sleep for another 12 months.
the right time to sell is uncertain, you may get the rightest time or you will selling in regret when the price immediately rising after you just selling your bitcoin, just don't be regretful to what you have done
i do agree with tabnloz that holding is really hard, you will always worried if you late to sell your bitcoin at highest price and on the other hand you want to sell at its highest point of rate
as your question, yes it's the most perfect time to sell if you look at the past statistics and compare it to now
i do agree with tabnloz that holding is really hard, you will always worried if you late to sell your bitcoin at highest price and on the other hand you want to sell at its highest point of rate
as your question, yes it's the most perfect time to sell if you look at the past statistics and compare it to now
Its harder to hodl than sell.
Look at the bitconers who bought in early and sold @32, @100 @266.
The mentality is 'it can't go higher than this, surely'.
Sometimes it can't, for a few years at least.
But it will correct at some stage - question is does the use case change for why you are in bitcoin?
As for China, take Vancouver real estate as an example. In 2014 people thought it was crazy and would stop soon because it was outside their grasp of the bigger geopolitical trends. Certainly outside of mine, but applying that lesson to bitcoin is a good thought experiment. China is so much bigger than you can comprehend.
But this baby is a snowball.
If you trade, beware the water is full of sharks looking to separate you from your coins.
It pays to have a long term perspective.
Have a plan.
Maybe sell to take out your initial investment then ride the rest, stress free?
Look at the bitconers who bought in early and sold @32, @100 @266.
The mentality is 'it can't go higher than this, surely'.
Sometimes it can't, for a few years at least.
But it will correct at some stage - question is does the use case change for why you are in bitcoin?
As for China, take Vancouver real estate as an example. In 2014 people thought it was crazy and would stop soon because it was outside their grasp of the bigger geopolitical trends. Certainly outside of mine, but applying that lesson to bitcoin is a good thought experiment. China is so much bigger than you can comprehend.
But this baby is a snowball.
If you trade, beware the water is full of sharks looking to separate you from your coins.
It pays to have a long term perspective.
Have a plan.
Maybe sell to take out your initial investment then ride the rest, stress free?
Pump LOL, good one 
Just using the word "pump" indicates cluelessness.
This isn't some stock market game. No individual group or person is "pumping" the price up to lure in suckers.
This is natural growth, a correction after prices being artificially low for almost 3 years.
"Pump and dump" is a fraudulent stock promotion scam, nothing to do with what is currently happening to Bitcoin.
I'll accept calling selling "dumping" because an investor can dump his holdings, but merely buying bitcoins doesn't constitute pumping.
Long time holders are so weak, specially bitcoin holders...
? ? ? The weaklings are those who panic and waste their coins buying fiat.
They succumb to fiat FOMO. "OMG, if I don't buy fiat now, I'll miss out."
Idk man, I think you may being a little too optimistic. I agree that this is the kinda growth that bitcoin deserves, but I think it'd be foolish not to admit that the price is being deliberately pushed up. All the signs have been there for the entire year. It just took this long for FOMO to kick in.
Why do you think prices were artificially low for so long? It was being dumped. That's just how it works. They buy all the way up and they sell all the way down and they make fucking way more money than you and I can even imagine. I know it sounds counterintuitive, but I really don't feel like trying to explain it and I'm not even sure I could do so thoroughly. But game theory says this is what happens.
The misguided purists will cry "but we need less volatility for it to be a legitimate currency!" and to them I say, "fuck off!". This is how I make money, this is how they make money, and most of all... this is how bitcoin makes headlines, turns heads, and gets people on board. Even if the majority of them sell for a loss and get turned off forever. Honeybadger don't care... any publicity is good publicity. Embrace it.
It cant continue like this, mostly because I need to buy back in lower then I sold $1000 and also because its charts is just going straight up. This is insane.
i think you can sell you're bitcoin now because the price is now is more than $1000 and you can get a good profit with it. but if you already sell your bitcoin, then i think you only make small profit. but believe me, if there is a pump, then there is a dump too, just believe this and you can see that you are good to hold bitcoin and see the pump is happen again.
Pumping the coin will not work always the more it pumps, soon it will fell down. But right now majority of the members are not all satisfied with pump because nobody don't know when it falls down.
Lmao. This price is nothing. Wake me up at a 100bn market cap.
and it will not till around a year later, because this kind of pump is possibly incessant, then a major dump until it is stable again. then a bubble is up, for higher.The question now is when do we reach a new all time high. Predictions?
Today? Already?
I don't count mtgox high because it was already insolvent. bistamp high was 1155 or something.
GDAX is at $1158 right now.
Well, I do not agree with this, because the pump price of bitcoin will continue up to the $ 1,600 price. I am sure with this, even I have set up some bitcoin for it. I think bitcoin price increase will happen at this time although the increase is happening so fast, maybe someday, bitcoin rise will slow down, and re-stabilized.
Lmao. This price is nothing. Wake me up at a 100bn market cap.
and it will not till around a year later, because this kind of pump is possibly incessant, then a major dump until it is stable again. then a bubble is up, for higher.The question now is when do we reach a new all time high. Predictions?
Lmao. This price is nothing. Wake me up at a 100bn market cap.
and it will not till around a year later, because this kind of pump is possibly incessant, then a major dump until it is stable again. then a bubble is up, for higher. I am surprised and puzzled to see this high price too. I have no clue on how to make a decision if I should hold or sell the btc I have.But how are you guys not selling, isn't this the perfect price?
I'm selling... but only the bitcoins I buy for quick trades. I've been pretty conservative and only made a few trades because I've been busy with the holidays, but my account is up 25% in BTC terms this month. I don't have the balls to trade with more than a small percentage of my hodlings though.
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