to much optimism in the poll

Looks like a good time to buy bitcoin??

Eyes still closed, honey badger sniffs the morning air.

12.5k within 16 hours

it's a upward correction!

$14600. Two options in the next 2 months, huge correction, or massive adoption and +50k.

Never really works for me....I have a 'knack" for buying just before the dump

On the other hand, bears on here may have MORE success on the futures markets their playing their 'it is gonna dip' games....might be a more level playing field

I know zip, from what I've read, this seems to be so

I'll eat some popcorn if BTC reaches 16k next week.

it will reach 16k within 3 hours

maybe within 15 minutes

Either big institutions are buying on GDAX (too short later) or Average Joy is just too dumb to use another exchange, price premium ~10%  

So let me get this straight. There's no stopping this train. Is this a fair assessment of the situation?

But don't you think it's the traditional financial fucks as you call them -- are the ones that largely have driven the price from 8k to 16k, in an effort to have a supply on side to hedge against the Big Short that will come?

Don't you think their plan was to accumulate as much as they could before futures go live?

If it was a coiled spring ready to burst upwards, wouldn't they be sitting on their cash right now and our price would be $8,500?

I hate to say it but I'm betting on downward pressure first.  Maybe not right away but I think it hits $12k before it hits $20k

20k confirmed

I feel like we are in a bubble that is getting ready to pop. I can't believe that 2000%+ growth is reasonable or able to be sustained. I don't believe this is exponential part of the S curve, I've heard that in 2013 and 2014. We are well before exponential growth. I think the only reason we haven't popped is the futures.

Id argue the opposite, if bitcoin is overvalued why would you buy btc? wouldn't you buy something not (as) overvalued?

How so? Not that I disagree...

And what does that mean?

Why on earth would they do that?

I fail to see how alts ties in.

This link is probably the biggest red flag ever to tell you you should be rushing to the door to take profits:

http://thesoundingline.com/bitcoin-now-worth-more-than-all-uk-pound-banknotes-coins-in-circulation/

I have been watching these patterns for years now, too.  and for the first two years, during 2014 and 2015, there was a tendency to break down after sideways; however, the past two years (2016 and 2017), there has been a tendency to break up, after sideways. 

So you seem to be suggesting that we are reverting to the 2014-2015 pattern?  Seems way too early to call that kind of reversion, no?

$40k incoming.

Why such a large gap between 20K and 50K?

50k in march 2018?

Fuck me.  ATH broken on Gdax.  

Why not $1 trillon per coin then?  It's not as if enough real world goods to be purchased by said quantity of money actually need to exist...oh wait.

Shorting in craptocurrency is mostly pointless because the following fraud:

If the dollar experiences hyperinflation, $1 trillion per BTC would be no problem at all. $1 trillion dollar loaves of bread would be no problem at all either.

If what you are saying is true Roach then you may as well accept it and ride it. 

I elaborated further on how this market works so you can see how big of a fraud it is.  The leverage market exists as nothing more than a tool to add liquidity for the con artist whales so they can try and cash out on the general public:

If you claim bitcoin is going to crash to $3k, I do not see bcash going to the moon in said event lol.

TERA, why do you get so triggered when people talk trash about you & your positions? I mean we are in the irrational exuberance phase of an exponential run-up of the biggest bull market in history - what do you expect? People are going to get emotional about claims of crashes and corrections. They will think you a traitor. Why waste your time? Especially if you're going to be upset about it (as it seems to me from your posts)

For what it's worth I agree with your assessment: there will be a big correction eventually. But when? I have no idea. I tried shorting a bit around 10K but look how that worked out. I think I'll stick to mostly hodling.

Have you ever noticed bitcoin con artists always try to portray bitcoin as gold in visualization to pretend it has value?  Sorry, real gold and silver are far superior in fundamentals.

What's with the sharp dip? Did anything come out?

Everything above $16k is still nice and firmly in bull territory

Futures have accounted for less than 1% of BTC's actual volume, plus it's not BTC volume.

It goes to show how weak minded many are. They're looking for authority to defer to when all of the power remains in their hands.

Masterluc said we should test $10.000 in order to go to $100.000 by summer'18. So... wake me up when we hit 100K

where do you guys find out about his predictions? does he have a twitter account or something?

The better question is, how much longer are the Peter R and Maxwell camp both going to pretend it's actually possible to create a decentralized digital currency in the first place when it's not?  You are doing a disservice to the world by telling them a centralized govt tracking system is somehow going to make their life better when they could be buying physical silver or gold instead.

Still seems sort of dumpy from this angle.

It is being a little too aggressive about challenging that line. it might break and go to a different slower line i didnt I draw.

I agree the daily is ugly.  But it’s also close to breaking the trend.  Whether it goes up or down from here is the $2 question.   Hard to read anything into it - price just seems to be drifting aimlessly for the past 5 hours.

That doesn't make much sense.

How so exactly?

I was watching the tape and it was really wierd. Trades going off in intervals and long periods of virtually no volume, and that huge gap. Almost like gox getting ddosed.

How is he a good poster, he failed every single prediction
At least jbreher doesn't make predictions like that, his posts are far more helpful

So do roach and kwuck tho :p
For those who missed it, we might have an endorsement coming from microsoft soon (an exchange?) vs bch, and that would be hugehttps://www.reddit.com/r/Bitcoin/comments/7lrc0u/did_anybody_else_spot_this_reply_from_head_of/

so every shitcoin is pumping hugely but BTC is only moving slowly. What the fuck, all of a sudden BTC is shit or something.

Ok I have to admit my posts have been super bearish and I'm going to change my ways. So here's how it's going to go. Look, this is going up. It's going straight up. Nobody is ever going to sell again. There will never be another dip, or another retracement, or another crash. A miner might need to sell like 1 satoshi, that's it. We're going to see an increase at a steady rate of, say, 5% per day. A new ATH will appear at least once per week. We will reach $1,000,000 in no time, and then it'll keep going. There will be no limit because all of us will be hoarding everything except 1 coin. The whole world will have to share the single coin in circulation, which comprises all of the world's GDP and currency derivatives, and they will be fighting over satoshis. To the moon. Wow.

I dont put much stock in events. I just read charts. There are many negative events during an uptrend or positive events during a downtrend and they fail to break the underlying trend. Only when the trend is already ready to be reversed and the whales were already there waiting for an excuse to dump or buy will it reverse. Otherwise youll see only a pinbar that goes past the trend but quickly and strongly reverses.

Lets take silk road for example. Terrible news as any. But it was clear on the very first day that it wasnt breaking the uptrend. It didnt turn the daily chart into a mess.

The millions of johns and joes getting on a train dont have a clue what any of these events mean. We simply just started running out of johns and joes.

If it was just one Fluke event on Friday you'd see more volume, a stronger recovery, and a better daily chart.

It doesn't look like it held firm to me. The volume was lower than the past 3 major drops (its supposed to increase) and the recovery over the next 3 days was rather weak compared to previous. Just look at a daily chart to see what I mean.

time to get out

No bounce off 12500 means straight down again

Alts are poised for a boom right now, the only thing that can spoil it is a bull run in BTC price

I want to say something bearish but I cant think of anything at the moment.

When the time is right, you will.

I believe I've made far more correct calls recently than incorrect ones.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

Well it's true that Bitfinex was begin glitchy that day before but that doesn't have much to do with anything else I've said

Not even likely. Ripple is plain simple centralized POS scam, has nothing to do with BTC. It doesn't share the technology, doesn't share the philosophy, it shouldn't even be called the same name "cryptocurrency" as Bitcoin. On the other hand, BCash is real evil attack on Bitcoin.

Its not when the entire cryptomarket cap has more than doubled in that time

So it looks like crypto is dead then, the market seems to be deciding that a non crypto, centralised , distributed ledger is preferable to crypto currency or even smart contracts.

What I want to know is where are all the bankers declaring that ripple is a bubble and will crash and burn?

Bankers don’t know what Ripple is. None of them use it.

If nothing else, this whole alt coin pump is nailing shut the lid on the Bcash coffin.

Are you sure about that?

Im expecting this bull run on XRP will not end before it hits $5

7700?

he talking in rubles or something?

BTC dominance 35.8%.  Grind the shitcoins down. 

are we going to see lower prices soon?

So masterluc was wrong ?

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

6k potential bottom?
time to catch the train?

The sad thing is that the price jump is probably someone with insider knowledge who knows the US is about to start a(nother) full out war.