Well, have to say it bitcoin is Appreciating like an alt

hiscall

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Quote from: jubalix on December 06, 2017, 06:11:01 PM

Its been a long time since I saw a BTC up swing 18% in 24 hrs on CMC.......

its like 2013 in here.

Caution I have always seen btc fall a lot faster than in appreciates, at this point it could do 40% in a day and then dead cat bounce, the question remains fall from what 50K? to 20K? or some such.

it’s looks like a game from big players [ Big bump == sell with high price] then make supply more than demand [price down] [Big crash == buy more cheap bitcoin]

just let’s wait and know what’s will happen

DaMut

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i think we made another swing for more than 18% a few months ago right ?
even a years ago we made that kind of move,
cryptocurreny is a decentralized thing which mean the community itself can decide how much the price it will be,
no matter what Bitcoin or an altcoin,it will never can avoid pump and dump scheme because it's part of the game.
fall from where and to where ?
we have no idea how far it will go in the future,
but based on our current rumour if nothing goes wrong we should see this kind of movement until Q1 2018 later,
i do not really care about how much it will go and how far it will go,
because in my opinion Bitcoin can not be meassured by a common sense and i am waiting for a global implementation.
i only hope Bitcoin can be used in reality and people openly accept it wholly

cindygirl

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Quote from: PanicAtTheFork on December 06, 2017, 11:51:03 PM

Quote from: jubalix on December 06, 2017, 06:11:01 PM

Its been a long time since I saw a BTC up swing 18% in 24 hrs on CMC.......

its like 2013 in here.

Caution I have always seen btc fall a lot faster than in appreciates, at this point it could do 40% in a day and then dead cat bounce, the question remains fall from what 50K? to 20K? or some such.

It may never bounce as there are people in control of the full market, that's what is happening now

There are definitely not people who control the full market, that's simply not possible. OP is right in that it seems to be a question of when the market falls back to. If it's from 50k to 20k then that'll be great for all of us. In some way a little bear market wouldn't be too bad as it could temper expectations a little.

PanicAtTheFork

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Quote from: jubalix on December 06, 2017, 06:11:01 PM

Its been a long time since I saw a BTC up swing 18% in 24 hrs on CMC.......

its like 2013 in here.

Caution I have always seen btc fall a lot faster than in appreciates, at this point it could do 40% in a day and then dead cat bounce, the question remains fall from what 50K? to 20K? or some such.

It may never bounce as there are people in control of the full market, that's what is happening now

pooya87

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Quote from: jubalix on December 06, 2017, 06:11:01 PM

Caution I have always seen btc fall a lot faster than in appreciates, at this point it could do 40% in a day and then dead cat bounce, the question remains fall from what 50K? to 20K? or some such.

my hope is that the drop, dump or panic sell starts now. if it does happen now, it will be a big dump like it always is. going down, 30% at most. which will have $9500-$10000 as its bottom and we can then establish a nice support level there before any further rise.

but if it continues on this path reaching higher price in a month or two like reaching $50k, then it will officially be 2013 all over again. and we may see the follow up long bear market too.

jubalix

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Quote from: gentlemand on December 06, 2017, 07:07:23 PM

Quote from: EcoChavCrypto on December 06, 2017, 06:59:11 PM

it is not going to happen it again, just becaus of that. The whole market is prepared to face that situation, and if it drops a twenty or thirty percent, there is nothing to be worried about, because the price was 40 percent lower a few weeks ago (one or so)

It's easy to feel that way when it's firing off in every direction.

Who knows? Maybe this has barely started to truly warm up, but there are two phrases that should never go unnoticed - 'this time it's different' and 'new paradigm'.

In certain ways it's just as primed for a giant plunge, perhaps even more so. Professional money wants in and they have enough handle on their psychology to buy with both hands when it's in the shitter. There are enough excitable noobs to feed them all the coins they want if they're sufficiently spooked.

true true, though strong hands have be selected for since th 2011, 2013 and other dumps.....so you have an unusually strong cohort of hodlers.....versus a normal asset.

Everyone that was going to see on a 10 fold loss, in a few days has been washed out twice.

gentlemand

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Welt Am Draht

Quote from: EcoChavCrypto on December 06, 2017, 06:59:11 PM

it is not going to happen it again, just becaus of that. The whole market is prepared to face that situation, and if it drops a twenty or thirty percent, there is nothing to be worried about, because the price was 40 percent lower a few weeks ago (one or so)

It's easy to feel that way when it's firing off in every direction.

Who knows? Maybe this has barely started to truly warm up, but there are two phrases that should never go unnoticed - 'this time it's different' and 'new paradigm'.

In certain ways it's just as primed for a giant plunge, perhaps even more so. Professional money wants in and they have enough handle on their psychology to buy with both hands when it's in the shitter. There are enough excitable noobs to feed them all the coins they want if they're sufficiently spooked.

EcoChavCrypto

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I was present during that chaos on 2013, but i just introduced my self on bitcoin (i started buying) lately on 2014.

Quote from: gentlemand on December 06, 2017, 06:36:02 PM

Of course almost every fundamental is now different but human psychology never changes.

The super bearish trend is not going to happen again, just because a lot of millionaires, billionaires, institutions, they all are introduced in bitcoin.

In 2013 the blockchain was just full of normal people that were spending their coins just in videogames or any other bullshit

Now it is different, bitcoin is considered as money, no one is going to lose the opportunity to make more money from that money.

it is not going to happen it again, just becaus of that. The whole market is prepared to face that situation, and if it drops a twenty or thirty percent, there is nothing to be worried about, because the price was 40 percent lower a few weeks ago (one or so)

taiem1407

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btc continues to grow dizzy like this, it will touch some top spot. It will break like experts say it only bubbles when the investment withdraws, it will burst back to the beginning.

gentlemand

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Welt Am Draht

Quote from: jubalix on December 06, 2017, 06:51:35 PM

the blockchain does not care about human psychology, finally we are free of that pseudo science. It rewards low entropic systems and destroys high entropy systems, eg bad tax, funding, financial models

But it's humans who use it and decide its value. And almost all of the humans involved only want to sell it for more than they paid for it.

Eventually enough of them will actually start to appreciate what they're involved in. Until then expect some turbulence.

thekingintheall

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It may look like the 2013 scenario but not down to $ 7k. If btc continues to increase the ability btc can trade as real money in real life.

jubalix

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Quote from: gentlemand on December 06, 2017, 06:36:02 PM

Quote from: namjar on December 06, 2017, 06:29:54 PM

But a new 2013? it is not going to happen.

Not happen in what way? You mean the hyper bear market?

Let's see.

Of course almost every fundamental is now different but human psychology never changes.

the blockchain does not care about human psychology, finally we are free of that pseudo science. It rewards low entropic systems and destroys high entropy systems, eg bad tax, funding, financial models

gentlemand

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Welt Am Draht

Quote from: namjar on December 06, 2017, 06:29:54 PM

But a new 2013? it is not going to happen.

Not happen in what way? You mean the hyper bear market?

Let's see.

Of course almost every fundamental is now different but human psychology never changes.

namjar

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It if keeps going up like this way, it will surely crash, the real question is WHEN will it happen.

Nobody knows when it will exactly be touching a new dip, but the market is really decided to keep going up, and nothing is going to stop that sentiment over the price.

Maybe if the big investors decide to sell, then it will fall to $11 - $12 thousand dollars again, and this will cause a lot of panic on the market.

But a new 2013? it is not going to happen.

jubalix

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Its been a long time since I saw a BTC up swing 18% in 24 hrs on CMC.......

its like 2013 in here.

Caution I have always seen btc fall a lot faster than in appreciates, at this point it could do 40% in a day and then dead cat bounce, the question remains fall from what 50K? to 20K? or some such.

Topic: Well, have to say it bitcoin is Appreciating like an alt (Read 319 times)