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Topic: Welcome back $4xxx bitcoin! - page 2. (Read 1144 times)

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

Quote from: Maveth13 on September 18, 2017, 10:33:30 AM

It's actually surprising that there's still a huge number of people that fell for these FUDs. I don't why they don't understand that if they panic sell they help lower the price more. I guess thanks to them other people could buy at lower prices and help the price increase.

For Chinese bitcoin holders, this was a big deal. If there were serious rumors that you might not be able to trade in your cryptos for your local currency anymore, wouldn't you be concerned?

Additionally, there were a lot of technicals that were pointing to a significant pullback after we made it up to around $5k. The news out of China gave traders a reason to sell.

802529er

full member

Activity: 140

Merit: 100

Ethereum All The Way Baby

I was too late in the dip to do anything other then buying more ETH, XMR & BTC, trading out to USDT when it peaked and buying back in on the dips was good.

Pulling out last night once the 24 hr high and low started closing in on each other.

At one point XMR was sitting at 90 ~ 100 for 24 hour, previous 24 hr was 75 ~ 105.

Pay close attention and if it starts again I’m going to just keep doing the same, move to USDT, drop, buy back more in the dip, profit

SummerBliss

sr. member

Activity: 910

Merit: 254

Quote from: BrewMaster on September 18, 2017, 11:18:38 AM

Quote from: Thedrop82 on September 18, 2017, 11:11:12 AM

Quote from: BrewMaster on September 18, 2017, 10:57:57 AM

Quote from: Thedrop82 on September 18, 2017, 10:50:01 AM

BTC/USD
We expected Bitcoin to pullback ....
.... 50 percent Fibonacci retracement level of the fall ...

if these type of analysis worked then everyone in the world would have learned them and became rich.
if these types of analysis worked on bitcoin then we would have had multi millionaires in less than 6 months around here.

Seems to be working right now, no?

Nothing is ever 100% right - due diligence, research on currently economic climate and various other factors play a KEY part but writing off technical analysis on basis of your theory that 'everyone in the world would have learned them and became rich' is ridiculous. Might as well say everyone who learns politics will become President.

i am not writing off technical analysis. in fact i believe that is a very helpful tool but it is just a tool. which means to make an analysis and say with confidence that it will come to pass is foolish specially in bitcoin that a news like banning "ICOs" which doesn't even remotely relate to bitcoin can cause a dip.

Actually banning ICO by Chinese government wasn't a sole reason for the dip. Price touched $5000 way too fast and indicated a pump. In such circumstances any negative news related to crypto market had the potential to bring a dump. Added to that Bitcoin exchange ban rumor along with Jamie Dimon speech intensified the dump. And yes market is still growing and isn't that mature, distribution isn't fair as there are many bulk holders which drive the price sometimes. So, all these reasons together bought a drop and I am glad that it didn't stay for longer, this shows market is growing and the capacity to recover soon is increasing.

BrewMaster

legendary

Legendary level

Activity: 2114

Merit: 1292

There is trouble abrewing

Quote from: Thedrop82 on September 18, 2017, 11:11:12 AM

Quote from: BrewMaster on September 18, 2017, 10:57:57 AM

Quote from: Thedrop82 on September 18, 2017, 10:50:01 AM

BTC/USD
We expected Bitcoin to pullback ....
.... 50 percent Fibonacci retracement level of the fall ...

if these type of analysis worked then everyone in the world would have learned them and became rich.
if these types of analysis worked on bitcoin then we would have had multi millionaires in less than 6 months around here.

Seems to be working right now, no?

Nothing is ever 100% right - due diligence, research on currently economic climate and various other factors play a KEY part but writing off technical analysis on basis of your theory that 'everyone in the world would have learned them and became rich' is ridiculous. Might as well say everyone who learns politics will become President.

i am not writing off technical analysis. in fact i believe that is a very helpful tool but it is just a tool. which means to make an analysis and say with confidence that it will come to pass is foolish specially in bitcoin that a news like banning "ICOs" which doesn't even remotely relate to bitcoin can cause a dip.

Thedrop82

member

Activity: 97

Merit: 10

Quote from: BrewMaster on September 18, 2017, 10:57:57 AM

Quote from: Thedrop82 on September 18, 2017, 10:50:01 AM

BTC/USD
We expected Bitcoin to pullback ....
.... 50 percent Fibonacci retracement level of the fall ...

if these type of analysis worked then everyone in the world would have learned them and became rich.
if these types of analysis worked on bitcoin then we would have had multi millionaires in less than 6 months around here.

Seems to be working right now, no?

Nothing is ever 100% right - due diligence, research on currently economic climate and various other factors play a KEY part but writing off technical analysis on basis of your theory that 'everyone in the world would have learned them and became rich' is ridiculous. Might as well say everyone who learns politics will become President.

bucciarati

full member

Activity: 700

Merit: 108

Quote from: RoommateAgreement on September 18, 2017, 09:13:01 AM

after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.

i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.

there is nothing normal in cryptoworld :-) or better, what is normal today was crazy only a year ago, don't want to think about 5 years back!
but FUD or not big shakes (bigger) will happen again like... forever or unless a more structured infrastructure of fintech services fill this gap with arb

BrewMaster

legendary

Legendary level

Activity: 2114

Merit: 1292

There is trouble abrewing

Quote from: Thedrop82 on September 18, 2017, 10:50:01 AM

BTC/USD
We expected Bitcoin to pullback ....
.... 50 percent Fibonacci retracement level of the fall ...

if these type of analysis worked then everyone in the world would have learned them and became rich.
if these types of analysis worked on bitcoin then we would have had multi millionaires in less than 6 months around here.

ChainSmoker

full member

Activity: 294

Merit: 100

Week hands will never learn.I kept HODLing my coins and it's good to see the price heading back.I feel bad for some smart people who were waiting for 2K$ to buy.We will not see 2K$ again not possible when many people already bought above 4.5K$.Do they thought those people have week hands like them to dump their coins? Grin

Grin

Thedrop82

member

Activity: 97

Merit: 10

BTC/USD
We expected Bitcoin to pullback to about $3200 levels, but it never dipped below $3500.05. This shows that there is enough buying support at lower levels.

HITBTC

Nevertheless, after the pullback of the past four days, the digital currency has reached the 50 percent Fibonacci retracement level of the fall from $4975 to $2974, which should act as a resistance. Additionally, Bitcoin is likely to face resistance between the $3955 and $4100 levels, from both the moving averages and the downtrend line. We don’t expect the digital currency to climb back to its lifetime highs in a hurry.

We expect some kind of a consolidation or a minor pullback towards the recent lows once again. However, if the price continues to rally and breaks out of both the moving averages and the downtrend line, we will throw in the towel and quit looking for a pullback.

Maveth13

full member

Activity: 336

Merit: 112

It's actually surprising that there's still a huge number of people that fell for these FUDs. I don't why they don't understand that if they panic sell they help lower the price more. I guess thanks to them other people could buy at lower prices and help the price increase.

player514

legendary

Legendary level

Activity: 1414

Merit: 1039

Quote from: DeathAngel on September 18, 2017, 09:24:19 AM

Weak hands getting burnt once again, I don't know why these suckers sell on bad news, it's quite pathetic really to keep falling for the same trick over & over again.

Weak hands will always sell to cut their losses. They must have bought when Bitcoin was up at 4000/5000 and saw a crazy drop and decided to just sell it asap in order to make back whatever they lost. Looking at it rationally, it actually makes a good amount of sense (people trying to cut their losses as soon as possible), but for those who understand Bitcoin, it's much more of a long term thing.

Thedrop82

member

Activity: 97

Merit: 10

Quote from: YuginKadoya on September 18, 2017, 10:13:11 AM

Quote from: Thedrop82 on September 18, 2017, 09:40:43 AM

Won't last long, will be down to about $3800 tonight.

What are the purpose of these topics? It's been what an hour? This month of uncertainty has still got a lot of petrol to burn.

I smell FUD in what are you saying here, and your user name suggesting and wanting a Drop of value badly you don't have a proof on stating it because you only want another drop to occur so you can surely sell and buy again, but the price as we can see it is strong right now and the only movement it is taken was up!

Have you any proof of it going to 5000? or that this isn't merely what is happening before a slight correction to 3700/3800 ? Which looking at the graphs for me show that.

No coin can just shoot up, without falling at some point. Organic growth is key.

Thedrop82

member

Activity: 97

Merit: 10

Quote from: cellard on September 18, 2017, 10:11:34 AM

Quote from: Thedrop82 on September 18, 2017, 09:40:43 AM

Won't last long, will be down to about $3800 tonight.

What are the purpose of these topics? It's been what an hour? This month of uncertainty has still got a lot of petrol to burn.

The work is already done. We crossed $4000 right after China banned bitcoin. We are going $5000 for sure, and we are going to stop playing around this time, we will blow through $5000.

Some people (like you do) may be looking forward a pullback, but this means everyone is going to buy any possibilities of a sub $4000 BTC because we all know that we are going to go higher, and this time, the usual suspects can't FUD us away from going past $5000, and remember, $5001 is closer to $10000 than it is to $0.

What work? What are you on about?

YuginKadoya

legendary

Legendary level

Activity: 3038

Merit: 1169

Quote from: Thedrop82 on September 18, 2017, 09:40:43 AM

Won't last long, will be down to about $3800 tonight.

What are the purpose of these topics? It's been what an hour? This month of uncertainty has still got a lot of petrol to burn.

I smell FUD in what are you saying here, and your user name suggesting and wanting a Drop of value badly you don't have a proof on stating it because you only want another drop to occur so you can surely sell and buy again, but the price as we can see it is strong right now and the only movement it is taken was up!

cellard

legendary

Legendary level

Activity: 1372

Merit: 1252

Quote from: Thedrop82 on September 18, 2017, 09:40:43 AM

Won't last long, will be down to about $3800 tonight.

What are the purpose of these topics? It's been what an hour? This month of uncertainty has still got a lot of petrol to burn.

The work is already done. We crossed $4000 right after China banned bitcoin. We are going $5000 for sure, and we are going to stop playing around this time, we will blow through $5000.

Some people (like you do) may be looking forward a pullback, but this means everyone is going to buy any possibilities of a sub $4000 BTC because we all know that we are going to go higher, and this time, the usual suspects can't FUD us away from going past $5000, and remember, $5001 is closer to $10000 than it is to $0.

Thedrop82

member

Activity: 97

Merit: 10

Won't last long, will be down to about $3800 tonight.

What are the purpose of these topics? It's been what an hour? This month of uncertainty has still got a lot of petrol to burn.

tulio

jr. member

Activity: 34

Merit: 1

Quote from: DaMut on September 18, 2017, 09:19:14 AM

it was a predictable move by the chinese goverment,
they declared it because they want to make some turn around and quick bucks.
if i remember it correctly it's not their first time doing this right ? back then they also disabling withdrawal and something like that.
cause a panic sell and then huge dump happened.afterwards the price slowly recovering to the current state.
we should see another bullrun for couple days/weeks before the hardfork.
and then another panic sell will happen again,it's like a cycle [fud news > panic > recover][everlasting cycle]
it is not to late to buy it right now and holding it for a few weeks.i believe we can see $4500 again in the next couple days/weeks.

Well, I'm curious... is there any evidence that China bought on the dip? Before reading your comment I was supposing it was the market normal behavior after a dip. Those scared by the mainstream media already sold their BTCs, then traders start buying when it is low to sell when it is high, as well as the BTC community power and consolidation after the past week turbulence.

Eugenar

sr. member

Activity: 1274

Merit: 278

Quote from: RoommateAgreement on September 18, 2017, 09:13:01 AM

after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.

i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.

That's great news for the community and especially to those who hold their Bitcoin during backdrops. We all knew that Bitcoin will still be a successor without China because it has a large community. It is now sloly making its way back to its stat before the dumps and hopefully positive things will all be to Bitcoin. More power!

DeathAngel

legendary

Legendary level

Activity: 3080

Merit: 1593

#1 VIP Crypto Casino

Weak hands getting burnt once again, I don't know why these suckers sell on bad news, it's quite pathetic really to keep falling for the same trick over & over again.

DaMut

sr. member

Activity: 1246

Merit: 263

it was a predictable move by the chinese goverment,
they declared it because they want to make some turn around and quick bucks.
if i remember it correctly it's not their first time doing this right ? back then they also disabling withdrawal and something like that.
cause a panic sell and then huge dump happened.afterwards the price slowly recovering to the current state.
we should see another bullrun for couple days/weeks before the hardfork.
and then another panic sell will happen again,it's like a cycle [fud news > panic > recover][everlasting cycle]
it is not to late to buy it right now and holding it for a few weeks.i believe we can see $4500 again in the next couple days/weeks.

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