Why $13,000 was unsustainable. - page 3.

The Sceptical Chymist

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Quote from: xhomerx10 on July 10, 2019, 04:26:49 PM

Sometimes people swear as a matter of self-expression. WinslowIII is probably cussing for emphasis.

All cussing aside, I don't buy OP's argument as to why $13k was not sustainable--it can and will be as long as the price doesn't get there too quickly and speculators don't cash out at the top, which is probably what happened.

Bitcoin is below $10k right now, but the bull market is still on and bitcoin is just taking a breather. I suspect that the price will get back to $13k and above within a relatively short period of time, and none of the mining stuff matters. OP's argument just does not ring true to me. Bitcoin's price is heavily influenced by demand, and when the traders start buying again you'll see what happens.

Mahanton

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Quote from: nydiacaskey01 on July 25, 2019, 06:22:22 PM

Quote from: cocoadreamboy on July 25, 2019, 05:37:47 PM

Quote from: sheenaedago on July 25, 2019, 05:29:10 PM

It's sustainable due to wasn't able to stabilized at that certain value, that suddenly collapse after panic sellers dumped their holdings. Nobody options to wait for another price increase, that's why price declination continued to occur sophisticatedly.

So you choose to ignore the 1800 bitcoin created per day? That is a fact and a reality.

There is natural downward pressure due to the miners creating new coins.

Aaron

https://www.amsinger.org

First of all, your signature is enough to promote your site, no need to include that site every time you make a post.

$13,000 is sustainable, if you are seeing now price of Bitcoin below $10,000 it might be because of market correction after the bull run a few weeks ago and this is not new, we have seen market corrections over and over again. Price will recover again and go back to $13,000 or higher eventually.

People do really love to make some analysis if the price didn't able to break that $14k resistance and sustaining on 13k price,without even thinking that
there would always be a profit sell-off in which would result into correction.I don't know why people do still got shook when they do saw price dumps and suddenly
telling their own views and analysis blah blah and everything.

slaman29

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Quote from: deisik on July 26, 2019, 04:33:28 AM

Quote from: cocoadreamboy on July 10, 2019, 03:33:04 PM

P.S. Come on trolls, I am ready for you. Only a troll sees someone using facts and data and sprays cuss words and insults. Intelligent people ask questions or make logical statements, they do not yell at numbers

Not a good start if you ask me

Still, you don't know exactly how much of the miners daily reward gets dumped on exchanges, so your whole idea goes straight out the window until you have strong evidence proving your premises. So much for the "facts and data". And as others have already said, your approach doesn't explain the change in price as it could be used to account for any significant price drop due to excessive supply, and technically, you would even be correct as it all eventually comes down to the balance of supply and demand

Not to mention that even before anything starts you're already calling out the trolls. And assuming that only trolls use insults. Smart people do too.

But anyway yeah, I can agree 13k was unsustainable but any amount is when you're talking about such a short period of time. Averages are easier to understand against timeframes and those are the sustainable lines we should be looking at.

deisik

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Quote from: cocoadreamboy on July 10, 2019, 03:33:04 PM

P.S. Come on trolls, I am ready for you. Only a troll sees someone using facts and data and sprays cuss words and insults. Intelligent people ask questions or make logical statements, they do not yell at numbers

Not a good start if you ask me

Still, you don't know exactly how much of the miners daily reward gets dumped on exchanges, so your whole idea goes straight out the window until you have strong evidence proving your premises. So much for the "facts and data". And as others have already said, your approach doesn't explain the change in price as it could be used to account for any significant price drop due to excessive supply, and technically, you would even be correct as it all eventually comes down to the balance of supply and demand

virasog

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Quote from: sheenaedago on July 25, 2019, 05:29:10 PM

It's sustainable due to wasn't able to stabilized at that certain value, that suddenly collapse after panic sellers dumped their holdings. Nobody options to wait for another price increase, that's why price declination continued to occur sophisticatedly.

The bitcoin price went up quickly from 4000$ to 13000$. This movement was not natural one and after this parabolic movement, the bitcoin was expected to dump heavily.

Reid

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You mean you are basing it in history.
That is all I see from all the numbers that you are using.

What if there is no basis at all?
How could you still get this numbers?
I dont think there is one who is really accurate enough to tell where it will go. 20k is not expected and so is the fall to 3k. Is that still laughable if there are people who loss a lot of money from that event?

nydiacaskey01

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Quote from: cocoadreamboy on July 25, 2019, 05:37:47 PM

Quote from: sheenaedago on July 25, 2019, 05:29:10 PM

It's sustainable due to wasn't able to stabilized at that certain value, that suddenly collapse after panic sellers dumped their holdings. Nobody options to wait for another price increase, that's why price declination continued to occur sophisticatedly.

So you choose to ignore the 1800 bitcoin created per day? That is a fact and a reality.

There is natural downward pressure due to the miners creating new coins.

Aaron

https://www.amsinger.org

First of all, your signature is enough to promote your site, no need to include that site every time you make a post.

$13,000 is sustainable, if you are seeing now price of Bitcoin below $10,000 it might be because of market correction after the bull run a few weeks ago and this is not new, we have seen market corrections over and over again. Price will recover again and go back to $13,000 or higher eventually.

cocoadreamboy

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Quote from: sheenaedago on July 25, 2019, 05:29:10 PM

It's sustainable due to wasn't able to stabilized at that certain value, that suddenly collapse after panic sellers dumped their holdings. Nobody options to wait for another price increase, that's why price declination continued to occur sophisticatedly.

So you choose to ignore the 1800 bitcoin created per day? That is a fact and a reality.

There is natural downward pressure due to the miners creating new coins.

Aaron

https://www.amsinger.org

cocoadreamboy

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Quote from: logicgate on July 25, 2019, 02:45:38 PM

Well I can tell you that the price rise was so sudden and had been so revitalizing that people did invested when it was around $13,000. However such things do happen due to fear of missing out the gains that many already in the market could earn. But this is a weak approach and it is always the best approach to invest in the coins when the market value is down.

You have no way of knowing what is actually down unless you know the creation cost. Anything above that point is speculation.

https://www.amsinger.org

sheenaedago

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It's sustainable due to wasn't able to stabilized at that certain value, that suddenly collapse after panic sellers dumped their holdings. Nobody options to wait for another price increase, that's why price declination continued to occur sophisticatedly.

logicgate

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Quote from: cocoadreamboy on July 25, 2019, 12:21:42 PM

This post was accurate, due to the logic of the financial thinking. I hope no one bought at $13,800 when they could have waited a month and now bought at 10k.

I monitor what the whales do based on creation cost and cash flow like this. It is the only way to properly understand bitcoin fundamentally.

https://www.amsinger.org

It is always better to get more clever and aware. It sucks to lose money.

Aaron

Well I can tell you that the price rise was so sudden and had been so revitalizing that people did invested when it was around $13,000. However such things do happen due to fear of missing out the gains that many already in the market could earn. But this is a weak approach and it is always the best approach to invest in the coins when the market value is down.

cocoadreamboy

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Activity: 378

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This post was accurate, due to the logic of the financial thinking. I hope no one bought at $13,800 when they could have waited a month and now bought at 10k.

I monitor what the whales do based on creation cost and cash flow like this. It is the only way to properly understand bitcoin fundamentally.

https://www.amsinger.org

It is always better to get more clever and aware. It sucks to lose money.

Aaron

samcrypto

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Quote from: LeGaulois on July 10, 2019, 05:47:02 PM

What about this? https://whale-alert.io/transaction/ethereum/fd83697b1dd34a08de1ea8b86a1330bba6512ea0eed92ed3b742de1f3177977e
I haven't seen someone talking about it, could it the reason for the slap we got today? I wish it is because Bitcoin will surely come back to $13,000 this week... just another Panic Day...

Maybe yes but we still don’t know, the price of BTC is down again and also with ETH which is more down compare to bitcoin, this is indeed a panic day for all the hodlers. Well, we are still hoping for the price of Bitcoin and Altcoins to recover, let’s help the market to comeback from a good price stop panicking and don’t sell for a loss.

cocoadreamboy

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Quote from: UnDerDoG81 on July 11, 2019, 04:10:54 PM

If you would have a clou about bitcoin you would not try to sell your scam but would enjoy your billionaire life that you would have through trading. It's the same shit with these online marketing gurus. They teach you how to make money but themselves make money with selling you their scam courses.

I don't sell courses. I just tell people the financial information that is important to know if you are trading, holding, or thinking of investing in.

Thanks man!

https://www.amsinger.org

UnDerDoG81

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If you would have a clue about bitcoin you would not try to sell your scam but would enjoy your billionaire life that you would have through trading. It's the same shit with these online marketing gurus. They teach you how to make money but themselves make money with selling you their scam courses.

cocoadreamboy

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As it continues to drain due to natural market conditions, I would like to stress the importance of understanding bitcoin before you throw money into it. I didn't have data when I started. I got lucky. But now I publish this data for everyone, and now I am not surprised.

https://www.amsinger.org

cocoadreamboy

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Quote from: WinslowIII on July 10, 2019, 07:50:31 PM

You have shown you are a scammer. You have some moronic ideas of where the price is going and you are looking for idiots to pay you for your "knowledge." This is why I find you annoying. The truth is you have no idea what gives bitcoin value.

You have show that you are vulgar, and lack any sort of insight lol

Thanks troll!

WinslowIII

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Quote from: cocoadreamboy on July 10, 2019, 05:59:52 PM

Quote from: WinslowIII on July 10, 2019, 05:23:19 PM

I'm not a post whore, do you see some stupid shit in my signature?

"If you want true bitcoin data and research checkout my site:
https://www.amsinger.org"

Who's the post whore, bitch?

Thank you for cussing! Thank you for showing who you are!

You have shown you are a scammer. You have some moronic ideas of where the price is going and you are looking for idiots to pay you for your "knowledge." This is why I find you annoying. The truth is you have no idea what gives bitcoin value.

xhomerx10

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Quote from: cocoadreamboy on July 10, 2019, 04:29:11 PM

Quote from: xhomerx10 on July 10, 2019, 04:26:49 PM

Sometimes people swear as a matter of self-expression. WinslowIII is probably cussing for emphasis.

Not appropriate on this board. Read the rules.

I've read the rules a couple of times. It's fine.

peter0425

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Quote from: LeGaulois on July 10, 2019, 05:47:02 PM

What about this? https://whale-alert.io/transaction/ethereum/fd83697b1dd34a08de1ea8b86a1330bba6512ea0eed92ed3b742de1f3177977e
I haven't seen someone talking about it, could it the reason for the slap we got today? I wish it is because Bitcoin will surely come back to $13,000 this week... just another Panic Day...

Right, we just barely touches $13k and then boom, in a snap the price suddenly go back to $12k. It was a flash crush, so someone from behind is easily manipulating it. Oh well, I'm sure everyone knows that whales can do that, so we need to wait and see next time if we can at least sustained it for a day, lol.

Topic: Why $13,000 was unsustainable. - page 3. (Read 6815 times)