Is bitcoin heading for a bubble at $30 a coin? | Page 7 | Crypto Craft

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Is bitcoin heading for a bubble at $30 a coin?

  • #121
  • Dec 22, 2017 9:25am Dec 22, 2017 9:25am
I am curious if we have the opposite retail effect post-Christmas. Meaning, there were multiple reports that coincidently 100's of thousands of coinbase and other accts were created and then we obviously saw a massive run up as wires came in from brokerage accounts to buy BTC's after Thanksgiving. The question is when the younger generation/gets with the older generation at the dinner table in a few days sharing laughs Bitcoin will be discussed. Let's hope the younger crowd can convince the retiree or recently re-fi'ed my house to buy bitcoin individual will be reassured. Otherwise, I suspect we will see an opposite affect over the next two weeks where it continues lower. It seems to have based now a bit here so the try-hards can stop hitting refresh on their screens and checking pointless tweets about BTC
  • #122
  • Dec 22, 2017 10:30am Dec 22, 2017 10:30am
blockchain is revolution. cutting d middle man. not good for govs but its actual reality. there will be ups and downs until bitcoin finds its fair market value

trading is as usual

nice thread..!
WaBaS Where are Buyers and Sellers
  • #123
  • Dec 22, 2017 10:50am Dec 22, 2017 10:50am
Inserted Video
  • #124
  • Dec 22, 2017 11:39am Dec 22, 2017 11:39am
Marry Chrismas to all who buy bitcoin on the top and happy new year to seller bitcoin on the top, please lock you profit and dont forget forget to buy your bitcoin at 2k.
I believe bitcoin will go to 20k in my dream for 2017.Hahaha sorry i never trade bitcoin.
Happy holiday everyone.
  • #125
  • Dec 22, 2017 12:25pm Dec 22, 2017 12:25pm
Quoting ewebb205
Its going to crash. it's already forming a pump and dump pattern.
See I told you
  • #126
  • Dec 22, 2017 4:24pm Dec 22, 2017 4:24pm
I have been asked this question a lot today as people know I have ten of them and still hold them and will continue to hold them.

But here is the simple truth of why it's crashed from its all time high of just under 20,000

It's a simple law we must all understand;

Very rich people with lots of money put in lots of money, which convinced stupid people with little money to put money in, the value went up, the rich people took out their money and the poor stupid people remain stupid and poor.

This is why the value of bitcoin has plummeted.

Have a great Christmas
The most violent element in society is IGNORANCE
  • #127
  • Edited 5:29pm Dec 22, 2017 4:30pm | Edited 5:29pm
Remember;

"Bitcoin does crash. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back.

Relax and BUY bitcoin.

Get ready and ride the next wave up.

Edited due to my incompetence :-)
The most violent element in society is IGNORANCE
  • #128
  • Dec 22, 2017 11:21pm Dec 22, 2017 11:21pm
Quoting ewebb205
{quote} See I told you
I usually do not answer this kind of posts but....

In September it was 3k..... it went up to 19.7k since then... do you expect something so volatile not to correct....
For the volatility of bitcoin this is not a crash... if you place the fib...is it at 50% of the move it made since September?
50% is not a crash it is called a correction which I mentioned in post 3:

"Do not forget the crypto market at the moment is very volatile... so a correction of up to 35% is normal...a buying opportunity ....to me of course..."

So this is a little more than normal..... and do you really think you are the ONLY one that thought it would pullback after such a parabolic move....

Now if it turns and goes below 8k and closes there... then that would be a crash for me.... and still, it is not even close to the 3k where it started....
it is 400% + higher...

Below is the example you showed us...it went from 4.5 to 1.8 approx....one third of the value.... yes that is a crash... but this bit correction is not
Attached Image (click to enlarge)
Click to Enlarge Name: #BitcoinH4.png Size: 47 KB
Attached Image
  • #129
  • Dec 23, 2017 4:24am Dec 23, 2017 4:24am
Quoting neilgroom
Remember; "Bitcoin does crash. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Relax and BUY bitcoin. Get ready and ride the next wave up. Edited due to my incompetence :-)
How it’s 7 steps forward and 2 steps back? I don’t see any consequence like this.
  • #130
  • Dec 23, 2017 7:47am Dec 23, 2017 7:47am
No offence, but I think Neilgroom is trying to be cool. First off, he tries to insuinate that people who buys BTC are stupid.

Quoting neilgroom
which convinced stupid people with little money to put money in,
An hour later, BTC bounces back, and Neilgroom tries to save himself with

Quoting neilgroom
Relax and BUY bitcoin.
Jesus Christ.

For rookies who want to learn anything, subscribe to me and read my thread here.
  • #131
  • Dec 23, 2017 8:27am Dec 23, 2017 8:27am
Quoting neilgroom
I have been asked this question a lot today as people know I have ten of them and still hold them and will continue to hold them. But here is the simple truth of why it's crashed from its all time high of just under 20,000 It's a simple law we must all understand; Very rich people with lots of money put in lots of money, which convinced stupid people with little money to put money in, the value went up, the rich people took out their money and the poor stupid people remain stupid and poor. This is why the value of bitcoin has plummeted. Have a great...
That's how George Soros used to be in the 90s before crashing the Asia market.
Like, he keep appearing in TV broadcast and newspaper, leading the troops to mass buy on a certain stock, when it reach the peak, Soros crash the price.

For how he crash Thailand, he first borrow say $1 Billion USD worth of Thai Bath from Thailand, and convert them to USD.
Say that time Thai to USD is, 25:1.

Then Soros making use of leverage from forex market crash the Thai market, making the conversion now 50:1.
Suppose, he owe Thai $1 Billion USD, now he owed only $500 Million USD. He made $500 Million USD there, he then attack Philippines, Malaysia, Indonesia, Brunei.....
Odd numbers are odd.
  • #132
  • Dec 23, 2017 8:28am Dec 23, 2017 8:28am
But I believe when bank and country acknowledge the existance of Bitcoin.
$13,000 is still a low price to enter, tho I'm not a fan of Crypto.
Odd numbers are odd.
  • #133
  • Dec 23, 2017 9:47am Dec 23, 2017 9:47am
Simply put, all things that go up must sooner or later come down.
All joking aside, now is probably the time to enter new longs if one trades Bitcoin.
  • #134
  • Dec 23, 2017 11:56am Dec 23, 2017 11:56am
How bad was this correction?
Well, let's see and compare it to past bitcoin corrections....

Here we have a daily chart with some prior corrections, we see the highlighted boxes that the price did break the 20 donchian
channel in the past and the DPO went below 0 before if continued higher, in this correction it did not break the 20 donchian and the DPO
is above 0
So here we can see how strong this correction was
Is it so strong that it will fly higher or the correction is not over and still has another leg down like in the past ?

If I do not post again Happy Holidays to All!!

May Santa bring you more Bitcoins!!!

4x
Attached Image (click to enlarge)
Click to Enlarge Name: bit2.png Size: 63 KB
  • #135
  • Dec 23, 2017 12:18pm Dec 23, 2017 12:18pm
Quoting 4xPIPAHOLIC
{quote} I usually do not answer this kind of posts but.... In September it was 3k..... it went up to 19.7k since then... do you expect something so volatile not to correct.... For the volatility of bitcoin this is not a crash... if you place the fib...is it at 50% of the move it made since September? 50% is not a crash it is called a correction which I mentioned in post 3: "Do not forget the crypto market at the moment is very volatile... so a correction of up to 35% is normal...a buying opportunity ....to me of course..." So this is a little more...
Trust me I didn't mean to seem arrogant believe me the news caught me by surprise at work and that's the way I reacted due to the fact that I told someone Saturday that it will significantly pullback since a double top was forming at the time. But a correction that results in 40 to 60% loss is considered a crash and the time it takes to recover will verify. But hopefully it will bounce back because still want to short it
  • #136
  • Dec 23, 2017 12:23pm Dec 23, 2017 12:23pm
Quoting 4xPIPAHOLIC
How bad was this correction? Well, let's see and compare it to past bitcoin corrections.... Here we have a daily chart with some prior corrections, we see the highlighted boxes that the price did break the 20 donchian channel in the past and the DPO went below 0 before if continued higher, in this correction it did not break the 20 donchian and the DPO is above 0 So here we can see how strong this correction was Is it so strong that it will fly higher or the correction is not over and still has another leg down like in the past ? If I do not post...
That is the biggest correction that Bitcoin has ever had and sometimes that's just the first phase. Analyze any pump and dump chart thats out there
  • #137
  • Edited 1:27pm Dec 23, 2017 12:24pm | Edited 1:27pm
Quoting ewebb205
{quote} Trust me I didn't mean to seem arrogant believe me the news caught me by surprise at work and that's the way I reacted due to the fact that I told someone Saturday that it will significantly pullback since a double top was forming at the time. But a correction that results in 40 to 60% loss is considered a crash and the time it takes to recover will verify. But hopefully it will bounce back because still want to short it
I would love to see your trade explorer while you are shorting it even if it is on demo
(common just for fun)

I will make you a deal... I will put one only trading long if you put up one only trading short...
  • #138
  • Dec 23, 2017 8:10pm Dec 23, 2017 8:10pm
Quoting ewebb205
{quote} That is the biggest correction that Bitcoin has ever had and sometimes that's just the first phase. Analyze any pump and dump chart thats out there
Not really the biggest correction. The biggest correction was at the end of 2013 when it fell from ~$1200 to $380 in a couple of days. Thats a 68.3% loss. We don't know if the pump is over yet, but we are now at "only" a 43.0% correction, which is within the "normal" range.

Inserted Code
2017-12-17        2017-12-22        19660.0        11205.0        43.0%
2017-11-08        2017-11-12         7788.0         5464.0        29.8%
2017-09-02        2017-09-15         4965.0         2995.5        39.7%
2017-01-05        2017-01-12         1156.9          756.0        34.6%
2016-06-18        2016-08-02          781.1          479.0        38.7%
2015-11-04        2015-11-11          490.0          300.0        38.8%
2015-07-12        2015-08-18          316.0          188.1        40.5%
2013-11-29        2013-12-18         1198.8          380.0        68.3%
...
  • #139
  • Dec 23, 2017 10:55pm Dec 23, 2017 10:55pm
Quoting jplazard
I am curious if we have the opposite retail effect post-Christmas. Meaning, there were multiple reports that coincidently 100's of thousands of coinbase and other accts were created and then we obviously saw a massive run up as wires came in from brokerage accounts to buy BTC's after Thanksgiving. The question is when the younger generation/gets with the older generation at the dinner table in a few days sharing laughs Bitcoin will be discussed. Let's hope the younger crowd can convince the retiree or recently re-fi'ed my house to buy bitcoin individual...
Its bigger than that. Regardless of what you or your friends think. Crypto is a better form of money and will drive out bad fiat money
  • #140
  • Dec 24, 2017 1:23am Dec 24, 2017 1:23am
Quoting TudorIoan
{quote} Obviously, technically $10,000 - $12,000 is a nice spot to buy a growing thing like Bitcoin. Hopefully, we'll see more on the north side next year. Cheers!
Nice bounce for the Crypto overnight!
BTC. Nice support on 12,000, hopefully 14,000 will hold as well
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