Topic: Value hanging in there better than I expected, but... (Read 289 times)
I’m watching the price movements with interest today, set a buy order at $4950 so we’ll see what happens.
Actually I see it more like a consolidation phase, before the next bull run begins.
I agree, there was a very high increase last week, we are just consolidating it, we are still above the level of (Today - 7days).
I think we're still in a phase where stability is actually a good thing. Also I could very well imagine the price staying at current levels, only too re-attack the USD 6000s in a few weeks. Even if we can't hold the current levels, I doubt we'll drop much lower than 4900 any time soon. But I agree with your general sentiment that the bullrun is losing its momentum.
Nonetheless I'm still not sure what to make of B2X. The general opinion seems to have turned from a) "upcoming hardfork means less value on each chain" to b) "upcoming hardfork means bullrun and free money". If b) doesn't happen but is expected, the mood could easily flip into the FUD of a). Add to this declining momentum and things could get messy.
Nonetheless I'm still not sure what to make of B2X. The general opinion seems to have turned from a) "upcoming hardfork means less value on each chain" to b) "upcoming hardfork means bullrun and free money". If b) doesn't happen but is expected, the mood could easily flip into the FUD of a). Add to this declining momentum and things could get messy.
i agree that there is a correction/fall or whatever else you want to call it, is in our future. but i do not see any signs of weakening. even with the recent dip, it is just the market so far moving up and down between the two resistances. up and down until one of them is broken and price goes in one direction or the other.
i also disagree with this.
~2 months ago when price went to ATH of $4900+ the $4400-$4700 (or more precisely $4500) seemed more realistic and after the correction price actually went to $4500. (then the FUD about China began and drop became bigger).
now the correction is more realistic at $5000 and worst case at $4900 for a short time before coming back.
anything lower needs the FUDs to start.
Maybe 4400-4700 is more realistic.
i also disagree with this.
~2 months ago when price went to ATH of $4900+ the $4400-$4700 (or more precisely $4500) seemed more realistic and after the correction price actually went to $4500. (then the FUD about China began and drop became bigger).
now the correction is more realistic at $5000 and worst case at $4900 for a short time before coming back.
anything lower needs the FUDs to start.
that thing will happen when we are already splitting the coin and creating another altcoin in the process,
the reason for that flash crash is very simple,
people will liquidate some of their belonging for cash because they want to secure their investment.
a month ago we dropped to that point due to FUD.
but right now it will be totally different,because drama created by chinese goverment and made some people get caught into it,
because of it many people start to 'learn' about FUD and will never believe something like this again 'at the moment'.
so the fudder and shiller will not do that,but after the split they will make some quick move and trigger the holders.
that's more efficient other than spreading the rumour while everybody already regained their confident right now.
my prediction after split is around $4000~$4500,
but it's understandable if we will hit it around sub $4000 or around tha.
at least before split happen we will not see such a thing a believe,but after split ? nobody knows
(everything is possible in the cryptocurrency,because right now it's very easy to get manipulated by peoples)
i agree that there is a correction/fall or whatever else you want to call it, is in our future. but i do not see any signs of weakening. even with the recent dip, it is just the market so far moving up and down between the two resistances. up and down until one of them is broken and price goes in one direction or the other.
i also disagree with this.
~2 months ago when price went to ATH of $4900+ the $4400-$4700 (or more precisely $4500) seemed more realistic and after the correction price actually went to $4500. (then the FUD about China began and drop became bigger).
now the correction is more realistic at $5000 and worst case at $4900 for a short time before coming back.
anything lower needs the FUDs to start.
Maybe 4400-4700 is more realistic.
i also disagree with this.
~2 months ago when price went to ATH of $4900+ the $4400-$4700 (or more precisely $4500) seemed more realistic and after the correction price actually went to $4500. (then the FUD about China began and drop became bigger).
now the correction is more realistic at $5000 and worst case at $4900 for a short time before coming back.
anything lower needs the FUDs to start.
I expected a downturn (I don't take the word "crash" lightly, to me that's severe)... to happen by now. But you can see signs of the weakening. The highs aren't getting as high anymore before it goes down again. It was climbing close to 6K before correcting for awhile there. And then to 5800+. Then to the mid 5700's. Now it's only getting up to 5600 and change before falling back down, and has stabilized right now more than it ever has, hanging around $150 of change, VERY stable. And we've talked before about how stability is a bad thing for BTC. It's at it's best when it's volatile actually. Stability is only a good thing when it has just had a downslide/crash and it has ended... showing a sign that the slide has ended and you can expect a rebound. But when the stability takes place when that hasn't happened it's a sign that a slide like that is about to take place.
That, and other signs I've pointed out recently lead me to believe I was right that a correction is almost inevitable soon. I do believe that it is slightly over-valued... nowhere near to the degree that some company execs have speculated to, but it's there. Maybe 4400-4700 is more realistic. I also believe that more people are moving their money around now... people that used to hold through thick & thin, than used to be the case. Particularly the ones that got in late and figure it's their only chance of striking it rich in the end like the ones that got in early could... ones that can afford to hold through thick & thin and feel getting a huge payoff in the end is inevitable for them. And this could make the slide worse than usual.
Just saying this to prepare those who do move their money around. Again, I'm here to tell it like it is even if it's something people don't want to hear. To be objective. I believe it's in the best interest of most, and not to just be told what you want to hear and then be unprepared when "it" hits the fan.
That, and other signs I've pointed out recently lead me to believe I was right that a correction is almost inevitable soon. I do believe that it is slightly over-valued... nowhere near to the degree that some company execs have speculated to, but it's there. Maybe 4400-4700 is more realistic. I also believe that more people are moving their money around now... people that used to hold through thick & thin, than used to be the case. Particularly the ones that got in late and figure it's their only chance of striking it rich in the end like the ones that got in early could... ones that can afford to hold through thick & thin and feel getting a huge payoff in the end is inevitable for them. And this could make the slide worse than usual.
Just saying this to prepare those who do move their money around. Again, I'm here to tell it like it is even if it's something people don't want to hear. To be objective. I believe it's in the best interest of most, and not to just be told what you want to hear and then be unprepared when "it" hits the fan.
Absolutely not a bad time for a warning/check in. It seems like during times of bull runs, people often forget that this all can go downhill. However, it seems like the general consensus, at least on bitcointalk, is that this is just a correction period for the next run. I think your opinion isn't too far off though. The price rise was quick, yes, but it wasn't near as much as the previous runs used to be. I'm
Actually I see it more like a consolidation phase, before the next bull run begins. We have had this run up, without any concrete news backing it. Think what will happen when Goldman Sachs actually starts a cryptocurrency desk.
I expected a downturn (I don't take the word "crash" lightly, to me that's severe)... to happen by now. But you can see signs of the weakening. The highs aren't getting as high anymore before it goes down again. It was climbing close to 6K before correcting for awhile there. And then to 5800+. Then to the mid 5700's. Now it's only getting up to 5600 and change before falling back down, and has stabilized right now more than it ever has, hanging around $150 of change, VERY stable. And we've talked before about how stability is a bad thing for BTC. It's at it's best when it's volatile actually. Stability is only a good thing when it has just had a downslide/crash and it has ended... showing a sign that the slide has ended and you can expect a rebound. But when the stability takes place when that hasn't happened it's a sign that a slide like that is about to take place.
That, and other signs I've pointed out recently lead me to believe I was right that a correction is almost inevitable soon. I do believe that it is slightly over-valued... nowhere near to the degree that some company execs have speculated to, but it's there. Maybe 4400-4700 is more realistic. I also believe that more people are moving their money around now... people that used to hold through thick & thin, than used to be the case. Particularly the ones that got in late and figure it's their only chance of striking it rich in the end like the ones that got in early could... ones that can afford to hold through thick & thin and feel getting a huge payoff in the end is inevitable for them. And this could make the slide worse than usual.
Just saying this to prepare those who do move their money around. Again, I'm here to tell it like it is even if it's something people don't want to hear. To be objective. I believe it's in the best interest of most, and not to just be told what you want to hear and then be unprepared when "it" hits the fan.
That, and other signs I've pointed out recently lead me to believe I was right that a correction is almost inevitable soon. I do believe that it is slightly over-valued... nowhere near to the degree that some company execs have speculated to, but it's there. Maybe 4400-4700 is more realistic. I also believe that more people are moving their money around now... people that used to hold through thick & thin, than used to be the case. Particularly the ones that got in late and figure it's their only chance of striking it rich in the end like the ones that got in early could... ones that can afford to hold through thick & thin and feel getting a huge payoff in the end is inevitable for them. And this could make the slide worse than usual.
Just saying this to prepare those who do move their money around. Again, I'm here to tell it like it is even if it's something people don't want to hear. To be objective. I believe it's in the best interest of most, and not to just be told what you want to hear and then be unprepared when "it" hits the fan.
Jump to: