Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 17183. (Read 26609250 times)

Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM

Quote from: becoin on May 24, 2017, 03:48:18 AM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave.

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? Wink

Again with the logic that we should all listen to financial advise from lottery winners? After all they did make a ton of money right, that must mean something right? right Huh

Well, any average Joe reading news these days will think that any of us, who owns bitcoins, are lottery winners...So your argument in general is applicable for the whole cryptocoins world.

NUFCrichard

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Quote from: xslugx on May 24, 2017, 03:39:19 AM

Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone Wink

A lot of people did that and are already hurt.
This is why I take a slight bit of the profit I make and put it in bitcoins.
If you want to diversify your bitcoin holdings put part of it in gold or silver! Putting it in dollars is stupid.

Done already, but I am considering doing a bit more now. I am really enjoying the price rise, but come on, it was looking bubbly at $1250 in January, we are almost double that now without a correction of note for a while, and every day sees another rrise.

It really seems like a bot is constantly buying, like with Mt Gox. But I wonder if that is the case, or it is just general buying pressure from new investors.

I don't want to miss the top, but a few ounces of gold might be looking pretty good in the future if this bitcoin bubble pops (and it always has in the past - but maybe this is the new normal!)

fluidjax

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Quote from: xslugx on May 24, 2017, 03:39:19 AM

Quote from: becoin on May 24, 2017, 03:35:22 AM

Some of us actually are here for the Bitcoin, because we think Bitcoin is better money than dollar or euro.

And you're real heroes Cool

Anyway don't put your eggs in the same baskets.
I mean come on everyone likes euros and dollars too. Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone Wink

This way if it IS a bubble you won't be completely fucked.

There are two ways to make money in life, one is taking money from others and effectively making them poorer, the other is by creating value (utility) and sharing in it's profit.
To me Bitcoin is creating value and being a part of it, many altcoins are more like the former, you know someone is going to get burnt, and just like a ponzi you get in and out earlier than the rest, leaving some with a loss.

No-one can deny that creating value is the better for everyone, but if you only think of your self, well, whatever I say won't make any difference

becoin

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Quote from: xslugx on May 24, 2017, 03:39:19 AM

Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone Wink

A lot of people did that and are already hurt.
This is why I take a slight bit of the profit I make and put it in bitcoins.
If you want to diversify your bitcoin holdings put part of it in gold or silver! Putting it in dollars is stupid.

xslugx

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Activity: 293

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Quote from: becoin on May 24, 2017, 03:35:22 AM

Some of us actually are here for the Bitcoin, because we think Bitcoin is better money than dollar or euro.

And you're real heroes Cool

Anyway don't put your eggs in the same baskets.
I mean come on everyone likes euros and dollars too. Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone Wink

This way if it IS a bubble you won't be completely fucked.

Ted E. Bare

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Bear with me

Exchanges running out of coins.

DaRude

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In order to dump coins one must have coins

Quote from: ShroomsKit_Disgrace on May 24, 2017, 03:19:11 AM

Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM

Quote from: ShroomsKit_Disgrace on May 24, 2017, 03:19:11 AM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave.

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? Wink

Again with the logic that we should all listen to financial advise from lottery winners? After all they did make a ton of money right, that must mean something right? right Huh

becoin

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Activity: 3431

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Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave.

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? Wink

Some of us actually are here for the Bitcoin, because we think Bitcoin is better money than dollar or euro.

ShroomsKit_Disgrace

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Yeah! I hate ShroomsKit!

Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM

Quote from: podyx on May 23, 2017, 09:54:17 PM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave.

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? Wink

600watt

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The crazy thing is... The real craziness hasn't even started yet..

post of the day. damn right.

wonder when it gets really hot. maybe if we rise $ 500 in one day. i guess i will get really nervous when we rise $ 1000 in one day. Cheesy

becoin

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Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave.

craked5

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This is all completely crazy.

I closed everything, I'm done with trying to guess anything.
Closed my last long at 2200 only to see I missed 100$ rise ^^
(won't complain though, still profit)

I got my stack of btc, you can all go as you want. But I stop trading there, too crazy for me Wink

savetherainforest

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Plant 1xTree for each Satoshi earned!

Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM

Quote from: Zicore47 on May 24, 2017, 02:28:32 AM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, if BTC is a bubble and goes down say 30% alts will crash more * used to be the logic *
the old saying

Bitcoin gets a cold, the alts get pneumonia saying....

but hell, this is so much like the pump of 2013 I'm not sure wtf to think

in Oct 2013 I got into mining and BTC was 150 the day I started.....2 days after
thanksgiving I think it was over 1100 usd..then of course the epic crash....into
the next year

So is this a repeat...say 3k btc then a dump back to 1k btc? Or is the bubble gonna
burst at 10k btc and drop down to 5k?

wild stuff, getting to be real damn money hanging out there on my hoard now

pucker time! for holders!

There is no bubble! ... yet... Cheesy

A probable small correction between 2550$ < > 2650$ ... then the pump keeps going I guess!

But the difference now is that back then no one really viewed bitcoin as something that they could hold more precious than the normal fiat fake paper money or ones and zeroes on a screen backed by nothing... I think now people will be more reticent on dumping. So... FOMO INTENSIFIES!!!

kludzins

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Quote from: kludzins on May 24, 2017, 02:06:26 AM

Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM

Quote from: kludzins on May 24, 2017, 02:06:26 AM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, if BTC is a bubble and goes down say 30% alts will crash more * used to be the logic *
the old saying

Bitcoin gets a cold, the alts get pneumonia saying....

but hell, this is so much like the pump of 2013 I'm not sure wtf to think

in Oct 2013 I got into mining and BTC was 150 the day I started.....2 days after
thanksgiving I think it was over 1100 usd..then of course the epic crash....into
the next year

So is this a repeat...say 3k btc then a dump back to 1k btc? Or is the bubble gonna
burst at 10k btc and drop down to 5k?

wild stuff, getting to be real damn money hanging out there on my hoard now

pucker time! for holders!

Problem is that now marketcap is $86 973 303 515
In 2013 in PEAK it was approx 10 times lower..
+ BTC dominace is only 44.7%.
In 2013 it was 90+%.

So this is not like 2013...

Bitcoin dominance is like the weakest criteria for evaluation. When bitcoin rises in value, it's decreasing it's dominance. Why? Because a lot of alts value is coming from bitcoin.

Or maybe fresh money flows straight into Alts? Roll Eyes

Zicore47

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Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM

Quote from: kludzins on May 24, 2017, 02:06:26 AM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, if BTC is a bubble and goes down say 30% alts will crash more * used to be the logic *
the old saying

Bitcoin gets a cold, the alts get pneumonia saying....

but hell, this is so much like the pump of 2013 I'm not sure wtf to think

in Oct 2013 I got into mining and BTC was 150 the day I started.....2 days after
thanksgiving I think it was over 1100 usd..then of course the epic crash....into
the next year

So is this a repeat...say 3k btc then a dump back to 1k btc? Or is the bubble gonna
burst at 10k btc and drop down to 5k?

wild stuff, getting to be real damn money hanging out there on my hoard now

pucker time! for holders!

Problem is that now marketcap is $86 973 303 515
In 2013 in PEAK it was approx 10 times lower..
+ BTC dominace is only 44.7%.
In 2013 it was 90+%.

So this is not like 2013...

Bitcoin dominance is like the weakest criteria for evaluation. When bitcoin rises in value, it's decreasing it's dominance. Why? Because a lot of alts value is coming from bitcoin.

micalith

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Activity: 894

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Quote from: rjclarke2000 on May 24, 2017, 01:44:13 AM