Wow. What a weak bear move - page 2.

J. Cooper

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Quote from: alani123 on January 21, 2018, 04:21:08 PM

Why would you say that its weak? We're talking about billions in trading volumes in the last 24 hours and the market is still unable to make a return. 10k USD might break soon under such a market sentiment. Bitcoin's price has been dropping almost steadily after the peak.

Perhaps we will touch down to $9k again but I don't think $8k Bitcoin is going to be very likely to happen. If we can maintain a position of $10k and above, I'm confident we will be in bullish ways very soon.

Quote from: alani123 on January 21, 2018, 04:21:08 PM

Bitcoin's price has been dropping almost steadily after the peak.

And rightfully so. We went up too fast too quickly.

Enjel

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Quote from: alani123 on January 21, 2018, 04:21:08 PM

Why would you say that its weak? We're talking about billions in trading volumes in the last 24 hours and the market is still unable to make a return. 10k USD might break soon under such a market sentiment. Bitcoin's price has been dropping almost steadily after the peak.

Well, the reason is because I predicted, a few days ago, a bear wave (final one, then going back up) from ~10k - 11k down to test $8k - $9k, and instead the price just went from $9k to $13k.

So based on expectations of one more test at the support level ($8k - $9k), the current move seems very very weak.

If the price goes under $10k, which it might, it's nothing to worry about, in my opinion. It's only if $8k is breached - in that case I'm selling on the bounce. Anything higher than that, and it's buying time.

alani123

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Why would you say that its weak? We're talking about billions in trading volumes in the last 24 hours and the market is still unable to make a return. 10k USD might break soon under such a market sentiment. Bitcoin's price has been dropping almost steadily after the peak.

Enjel

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As for cocaine.. I despise all drugs, but alcohol was once illegal, and so was weed. The former is fully legal and regulated, while the second will become legalized fully in the future (and heavily taxed!).

*What competitor? The US has made many rulings on Bitcoin, and all of them have been positive, on the side of regulation

The US has shown that it supports Bitcoin, as long as it's regulated and it can extract taxes from it.

If you personally believe the US will ban Bitcoin, I guess your moves will be pretty easy.

sjefdeklerk

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Quote from: Enjel on January 21, 2018, 04:09:23 PM

Quote from: sjefdeklerk on January 21, 2018, 04:07:16 PM

Quote from: Enjel on January 21, 2018, 04:03:48 PM

US will never ban Bitcoin, because Uncle Sam's pockets are getting lined too well

Haha so you think the USA will sit there and watch how some crypto currency, a currency they can not control, take over their fiat currency? Haha that's funny.

I would not call the current situation "take over" by any means. Bitcoin would have to grow 10x before that even comes close. $200 billion market cap (and most of that is thin air) is absolutely nothing, which is why the only way to go (in the long term) is up.

Right now a few institutions can buy up all the Bitcoins available on the market without any trouble.

There's NO WAY the USA will sit back and do nothing once they really fear BTC to become a competitor. Obviously they currently don't think it can happen. But if it becomes too big, they'll destroy it.

Enjel

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Quote from: sjefdeklerk on January 21, 2018, 04:07:16 PM

Quote from: Enjel on January 21, 2018, 04:03:48 PM

US will never ban Bitcoin, because Uncle Sam's pockets are getting lined too well

Haha so you think the USA will sit there and watch how some crypto currency, a currency they can not control, take over their fiat currency? Haha that's funny.

I would not call the current situation "take over" by any means. Bitcoin would have to grow 10x before that even comes close. $200 billion market cap (and most of that is thin air) is absolutely nothing, which is why the only way to go (in the long term) is up.

Right now a few institutions can buy up all the Bitcoins available on the market without any trouble.

sjefdeklerk

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Quote from: Enjel on January 21, 2018, 04:03:48 PM

US will never ban Bitcoin, because Uncle Sam's pockets are getting lined too well

Haha so you think the USA will sit there and watch how some crypto currency, a currency they can not control, take over their fiat currency? Haha that's funny. I'm sure that will happen on the same day supermarkets start selling uranium and cocaine.

Enjel

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But the question is never "who cares" but "does the market care?"

If support from $8k - $9k breaks, then the answer is yes - otherwise it is no.

If that breaks, I'm selling my BTCs when the price bounces up one more time, since that's pretty indicative. If not, we are going to $20k.

Bitcoin Wanga seems to think we are going to $40k soon, and his predictions have been not too bad overall (stunningly accurate).

Enjel

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Quote from: sjefdeklerk on January 21, 2018, 03:13:17 PM

Quote from: Enjel on January 21, 2018, 02:49:26 PM

Support is at $9k, so any movement above that is normal, and nothing to fear or anything.

India banned Bitcoin? I didn't hear about that, but I doubt anyone cares...

OF course not. Who cares about such a small country. Its GDP is only 2x Russia. WHen Russia banned BTC nobody cared neither

Wake me up with the USA bans bitcoin

I cared about China, and so did Bitcoin (went up a lot after a little bit of panic).

US will never ban Bitcoin, because Uncle Sam's pockets are getting lined too well

sjefdeklerk

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Quote from: Enjel on January 21, 2018, 02:49:26 PM

Support is at $9k, so any movement above that is normal, and nothing to fear or anything.

India banned Bitcoin? I didn't hear about that, but I doubt anyone cares...

OF course not. Who cares about such a small country. Its GDP is only 2x Russia. WHen Russia banned BTC nobody cared neither

Wake me up with the USA bans bitcoin

Enjel

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Support is at $9k, so any movement above that is normal, and nothing to fear or anything.

India banned Bitcoin? I didn't hear about that, but I doubt anyone cares...

The market is the one deciding Bitcoin's worth, not speculations on its quality or utility. It already "crashed" 50% anyways... people are clammoring for a 90% drop from ATH, but it just won't happen.

Don Pedro Dinero

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We reached 20k too fast. What we are seeing now is the normal course of events for the present situation.

Quote from: Murloc on January 21, 2018, 12:06:40 PM

It might not be a bear move but another correction. You shouldn't expect another fast rush to the 20k anymore. At least untill some major event will happan and tbh I do not expect anything (especially positive ones). The fees are still high and no one can tell the exact date of lightning network release or anything else that may help to solve the problem. Untill that BTC will only crawl upside.

This. There is no justification for the price to skyrocket again fast apart from people thinking that this is the coin of the future and that it will be worth $1.000.000 by 2020. There are better coins for small payments now, and people also think they can make a lot of money buying alts.

mostkey

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Quote from: arpon11 on January 21, 2018, 01:16:45 PM

The bear have done poorly this days I was even think based on what I read on the social media that bitcoin is going to dump to $5,000 but that has become the things of the past. I just make some personal predictions that bitcoin is going to get a little corrections toward $10,200 before all time bullish market that might take us close to the December high of $20,000. If that did not hold and the bear take over by next week then bitcoin might fell below $7,500.

I was a little frightened by the decline in bitcoin prices. we can see that price movements are increasingly critical. including altcoin, some of the inveabilities I did partially failed this week. it all happened because the price of altcoin that fell

arpon11

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The bear have done poorly this days I was even think based on what I read on the social media that bitcoin is going to dump to $5,000 but that has become the things of the past. I just make some personal predictions that bitcoin is going to get a little corrections toward $10,200 before all time bullish market that might take us close to the December high of $20,000. If that did not hold and the bear take over by next week then bitcoin might fell below $7,500.

SONG GEET

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I have some buy orders open for bitcoin all the way down to $7k from $9k and waiting all of them to get hit.

Market is still bearish and I don't think it will change to bullish till end of feb. Lots of sell volume coming from south korea which might mean some people have insider information. Wink

ktabb

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Quote from: Enjel on January 21, 2018, 11:49:51 AM

That bear move we just saw was so weak.

I was predicting (a few days ago) that we would see some last death struggles by the bears, which might bring us to retest the critical $9k support levels, or even $10k, before going to the MOON ($20k run).

So what's happening? We've been staying above $11k for the past few days. Are the bears really this weak?

You could make the same argument about bulls not being able to move past $13k, which is still 35% below all time highs, where many people on this forum bought in.

Denker

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Quote from: rafanadal on January 21, 2018, 12:00:38 PM

Dude we lost 1.5k in 12 hours
this could easily go below 10k

Yeah it's definitely not over.
Right now price is around 11300 and looks pretty bad. No signs of strong support at the moment.
Just slowly grinding down.
I even think we could see another attempt to push price down to $8k.
As bad as this sounds I know, I think it's still possible.

NorrisK

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The bears will never run out of gas..

It is even more easy to fuel the fire of evaporating profits then it is to get people to invest in stuff that is going up.

I do think this is the last drop for now and that it is time to fasten our seatbelts again for a big take off.

sjefdeklerk

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I agree, while BTC is trading above $2500 I consider the bears as WEAK too

Once BTC starts tumbling below $2500 I'll say they're not weak. The bulls on the other hand are STROOOONG. I'm dead serious. You have this coin that failed as a payment system, governments are banning (India added last night) without any viable future, and it's STILL trading above $10.000. That's only possible because of strong bulls.

Murloc

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It might not be a bear move but another correction. You shouldn't expect another fast rush to the 20k anymore. At least untill some major event will happan and tbh I do not expect anything (especially positive ones). The fees are still high and no one can tell the exact date of lightning network release or anything else that may help to solve the problem. Untill that BTC will only crawl upside.

Topic: Wow. What a weak bear move - page 2. (Read 569 times)