I cringe whenever someone talks about profit taking in regards to exchanging bitcoin for fiat. Bitcoin is not a stock. I don't know how people sleep at night with their money in fiat.

I thought you quit trading for good, due to the not sleeping part.  Good that you've found a balance you can work with!

Love this song

How the hell can bitcoin climb so much! Unbelievable...

This graph seems to fit in the theory about the market manipulations by the "Tether Gang"
https://news.bitcoin.com/tether-coin-may-be-a-precarious-us-dollar-peg/

I have some feeling like as long as the Tetherbubble does not bother the US treasury or they get some cash-out problems by a falling bitcoin price.
The second is easy to prevent with unlimited funds (though it might get implausible if they exaggerate it) but they also get in the way of the plans of the "Bitcoin Cash Gang" to crash BTC.

I can already imagine Hollywood making a movie about this all ...  

Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural?

Dunno Tera.  Community attitudes have really changed.

Are you the original TERA?

$2000 isn't going to be filled. The gap at $30 was not filled after $266.

How's it going?

someone should make an app that generates original humorous BTC memes
for every $1000 increase... payment in BTC only.
They'd be millionaires by next year...

I just hope that savvy BTC holders this Xmas will think about their family and friends and gift a little BTC around.

A good time to get even more new people into it.

Loaded is officially a billionaire. Needs to change his signature.

Coinbase usually trades for a little higher. Probably because the process of getting verified and actually buying BTC with them is easier than on other exchanges.

is bitcoin dead again?

Urgh. Can't believe we're back where we were 6 hours ago.

some fucker is posting more shit in a bitcoin speculation subforum in the last 24 hours than...

Which coin is this? Bitstamp is number 10 in volume with $80 million.  

Kraken BTCJPY 1,000,000 !

I don't even know if that CME futures trading will be positive, negative or neutral for Bitcoin price... so who cares if they do open in december or not?

I was under the impression that CME futures did not touch Bitcoin directly at any moment during the entire process. It's USD all the way. Am I wrong?

This is correct. Cash settled.
could you explain the arb angle though?

TERA - you are like the original bear. I hope you didn't wait for those $99 coins and got back in before $9k

Ok I have been out for a run and feel better now.  It is now acceptable for the price to continue to rise in a slow and orderly fashion.

If you zoom in to the 1 minute chart it looks much better

I wonder how many bitcoin hodlers will have an extra fun time while going to work today/tomorrow. this is nothing short of historic, and every hodler will walk with pride because every hodler was damn right all along.

so the hodlers will be very confident and on the the other hand very distracted with that strong urge to check the charts.

bosses will not like that. especially the non-hodling bosses (=majority)

imagining the following scenarios:

boss sees you checking the charts, and once and for all has enough of this shit, yells at you and wants to fire you. now, before you react, check your stash:

<100 btc: smile, say you are sorry and try to keep the job for another year or so. at most.
100-1000 btc: tell your boss that you wanted to quit anyway, shake hands, farewell & goodbye.
>1000 btc: tell your boss you will buy the fucking company and take his seat.

Some inspiration from a long time bitcoin face for youse. https://www.reddit.com/r/Bitcoin/comments/7fyhbw/the_great_bitcoin_bull_market_of_2017_by_trace/

Nice observation Tera, now what does the next bearish movement hold! Does it loom as you suggest with near completion of our ~10x gain pre/post destruction of the old gox ATH.

I was not here in 2013, did people think that the run-up was the beginning of mass adoption then? Currently, I see the visibility of BTC so high, and the $$$ invested so great that it feels like we are going to be ramping up farther to the inflection of an adoption S-curve. Or maybe  the public's attention is polar and fickle, and this is just another classic example of cultish optimism seen in all around the crypto world.

Anyway, ride or die with BTC. And jam on Jimbo!

If kids held BTC they wouldn't need to dabble in illegal activities to make money.

Whoever's got that wall on stamp trying to make $2m, do yourself a favour, drop it and come back at $20k, thanks.

"Double your money in two weeks with this secret trick that economists hate!"

.
.
.

"Step 1: Buy bitcoins."
"Step 2: Wait two weeks."
"Step 3: Sell bitcoins!"

If I where you I would sell at 2x the actual price.  ... Just because off-exchange transaction from my opinion and perspective should be at least 50%+ higher than the exchange price!  

Then you need a look at XLM damn

Of course it is... and just think what would that mean if we had another rise like this year. Or better not to think about that and just cellebrate

i can not process the mind set of people selling at 10k

Just using an example here. Facebook is a company whose product exists solely in the virtual. Whose stock is traded solely in the virtual. With currency that exists almost completely in the virtual. By people who live in the virtual at least 60% of their lives on their smartphones and laptops.

And the same naysayers will say that Bitcoin has no value in comparison?

The gaslighting is real.

If you trade any of your cryptos for crypto, fiat, or even goods, you're creating a taxable event on which you get a tax break in the case of losses and a tax bill in the case of gains. Doesn't really matter if it's Bitcoin, an altcoins or any other asset.

Apparently there are like-kind exchanges in the US which allow tax deferals, but I'm not at all familiar with how those work. If you could just flip BTCs and alts and defer taxes indefinitely that would be a pretty major thing.

Pretty sure it was well below that over the last couple days.

Sure it is.  Exhale occasionally.  Take a clean breath at $8200, and then hold it again if you like  

Individual governments can only regulate exchanges, payment processors, etc.

They can't regulate Bitcoin.

bands are going crazy lately what the hell

this thing is getting too wild... is anyone expecting another correction soon?

Someone is throwing up big bid walls

Stop being a bear. Just buy bitcoin. Hodl and chill. Best decision you will ever make.

Hey Tera out of curiousity did you get out at 11400 or have slippage?

Thanks - deleted my prior post because I screwed up the formatting.  Did you pick 11,400 as resistance point for the stop?

Looks like a good time to buy bitcoin??

Says the man who sold their bitcoins accidentally  

Yeah, no doubt you had a good rebuy opportunity, even right now. But calling 3k after it was weird

Gotta love this. It corrects down by $1.3k and bounces right back up by $1.15k all within a few short hours.

Less than a year ago we were only dreaming of reaching 4 figures. Now  a grand is a couple of hours' swing.

A year ago, $50 was a "leg up". Now it's the spread between a high bid and a low ask.

It's a whole new ball game. Pity the luddites and dinosaurs who are stuck in 2013 thinking and TA. They're just wallowing deeper into the tar pits.

Keep  up or get left behind.  

how is your dogecoin doing?

Whoah whoah whoah you get 0.09 BTC per share of GBTC.  That’s fucking broken. Oh my god please tell me my math is wrong. That’s an implied value of something like $200k BTC.

I want to know that sooner or later you are going to be correct in your desperate predictions of DOWN....

Maybe after we get to $40k, you are going to be correct that bitcoin prices come crashing down.. perhaps greatly, even spikes of 80%, perhaps.. that would still be a crash to about $8k-ish, no?...

0.05. I can feel it down in my plums.

I like these small dips. It shows that the current Bitcoin growth is healthy and not a bubble. Nice & steady. I'm hoping for at least 15000 €/BTC by the end of the year.

Go BTC go!

Hey Tera

Remind me, what was the bottom before that rally?

New lows?  

Stamp was under $1.5k just 6 hours ago.

On other news... The chikun has arisen

let us bet. 0.5 btc that it will not close below $10k on stamp by midnight.

Gbtc is not a contract that you can deliver on.  Buy 5btc from an exchange at 16K and sell a cboe contract at 18K.  You made 10K.  If price falls, buy cheaper btc and deliver those to the contract.  If price rises above 18K, well - your gain is fixed at 10K but people do a lot more work for less money.

This will push all exchange prices to track the futures price.  If there is a discrepancy in the cost of the real market vs the futures market, bots will arb it out.

Futures don't move the Bitcoin, Bitcoin moves the future.

Saw this on Plebbit.

https://twitter.com/BitmexRekt/

A bot that shows people getting rekt on their trades.

https://twitter.com/BitmexRekt/status/939993657121431554

"Liquidated short on XBTUSD: Buy 2,344,883 @ 15239 💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯🔥⚡ ~ BEYOND GODLIKE x13"

So for an exponential growing network you still use linear chart??! Oh boy!

O.k.    Seems like I am receiving training regarding the anatomy of a bubble, and bubble trouble.


What do you call it when a Tera Bera calls a bubble since around $2.5k... ?




hahahahaha


I am giving Tera Beara some benefit of the doubt because she was absent for over a year, so she was not calling a btc bubble between about $250 and $2.5k like a lot of the other various chicken littles, who seemed to end up being wrong.

So possibly part of the less on is that you cannot really know what is a bubble, until it pops, right, and not until quite a while after the fact.  So, surely, if you keep calling a bubble, sooner or later you are going to be correct; however, you don't really become a smartie pants, just because you ended up getting it right.. because as long as you keep calling it, you are gonna be right at some point, whether that is now in the $16k to $17k territory or whether that is in the $35k territory, or the $100k territory - yet if it pops at $100k, then at some point prior to $100k, you are not really very convincing if you have been calling it since $250 or $2,500.

amirite?

Good time for bitcoin that has only gained 120% in a modest grwoth rally.

Terrible time for Ethereum that is up 5,000% in a crazy bubble.

These guys get it too:

http://www.news.com.au/finance/money/investing/winklevoss-twins-say-bitcoin-will-increase-another-20-times-amid-growing-warnings-of-crypto-mania/news-story/5516952c91834dc785cf6e7ccdbad403

anybody know why the bitcoin is still in region 16k?? only side not up and down?!

Is this from confirmed sources?

I repeat: Greatest...Wealth...Transfer...Ever


A good portion of the economy is going fully digital. Be part of that wave.

transfering btc is for the riches  

no because there was no real break out yet. real break out after 20k straight to 50k.

Tera what do you consider to be the closest to negatively correlated with BTC?  

I have been looking at ETH, XMR and BCH but all seem to have some degree of positive correlation in a crash.

You are assuming you will be able to exit at the top.... how?

I hope you have had some sleep because we could easily be hitting our heads against 20k for 24 hours.  If anything I expect the next few hours to be relatively quiet *touch wood*.

That would be a good reasoning/bet.... IF there were the same probabilities for the price to go to $25K than to go to $5K.

Bitcoin doesn't dip anymore 

TERA every post you make reeks of some kind of bitterness? How many bitcoin's have you got? I’m going to guess less than 10 & you’re upset/angry/depressed about having the opportunity to be rich AF as you were in & around bitcoin early enough but sadly made the wrong decisions, sold early etc.

HODLERS who make shit loads of money don’t need to sell/trade constantly.

What’s your situation?

You have actively come into this thread since about $7k and saying the same fucking thing, and now the price is about 3x higher, and you still saying the same nonsense.....

Yeah, sure, sooner or later you are going to be correct... but your repetition of the same cyclical bitcoin price gonna crash nonsense, does not mean that you have any actual insight.

And because I want to add some vinegar to the open wound, I'd like to remember that a 60% crash means roughly 10k (which is what most of us expect I guess), VS the 'at least 3k' predicted initially

you are really devolving into fantastical thinking that is probably has less than a .5% chance of happening, even though you are presenting such scenario as if it has some kind of meaningful odds... wishful thinking and perhaps some desperation, too.  

Trading BTC on technicals is like juggling chainsaws.  You will decapitate yourself.

See what I meant? This dip would have triggered a stop loss @ 18500 (and even one at 18000) which is now less than current price.

Unless you mean that once 18500 was already broken down this is just a dead cat bounce and we are all doomed.

Donno, but I see everything fine atm.

I had never seen anything like it.  Probably a good thing everything was jammed up and all you could do was watch

Some time ago, I traded a large percentage of my BTC for BCH. Since then, my BCH is up 12x. From that time, my BTC is up too. By a whole 6x.

Stupid indeed.

I'd ask you to do the math, but you may be too busy calling others stupid to be able to compute 6 into 12.

Da faq is super bitcoin 

30k ha, how about you make it 50k

Sorry folks. This is hitting all my panic buttons. I can't help it.

I should go back into hiding. I think my nerves are shot.

You're better than that kind of comment Tera , you targeting 6k or 3k to get back in ?

I didn't think bitcoin could be this volatile with the size of market cap it has now. I was wrong.

That only works if the exchanges keep swapping sides.  Normally one is permanently higher than the other.

I think you secretly want that to happen, not Bitcoin

fucking Christ man

my brain...ouch

hold the phone there Tex.

this sphere is finite.  An economy that has to grow to survive is not sustainable.

Do they have a WillBot manipulating the price?
Do they have a single person running the company that can make a run for the door?

Nah, every red candle gets bought back aggresively, so a bullish continuation is likely. Its just a normall downmove, thats all. Bitcoin has made 5 a 6 of such downmoves within this year. Its normall. Gaps between exhanges have been around for years also. Gdax, Bitfinex, Korean exchanges. Those prices have always been a bit different.

Nothing is happening except Xmas.  That’s why all the volume is dead and order books shrinking.


Merry Christmas all !

it doesnt look like floor yet. I'll wait

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

Where's the Tether calls?

It wasn’t a fluke it was a concerted attempt to test the foundations of the market and the market held very firm and hasn’t been anywhere near that point since.

Anything we can do to assist??  

IDK about the rest of you, but on New Years Eve, Imma party like it's 1999!  

 BTC $19,999

U makin shit up?

You read the title?

Does the title say bitcoin?

 

I meant, is there any way to assist you getting out...of here? 

About the chart: I want to see this baby at 100.000 next year.

That's the beauty of Bitcoin. You buy the dips and you profit. No need to sell.

In fact, what's great about Bitcoin is that you just buy anytime you like, and you profit. No need to sell.

One magic word: HoDL.

It is funny to see every time there is a dip, the trolls be like: I put buy offers at 8000 and 1000. Wow, some noob with 0.01 BTC may fall for that and sell   The enemies of BTC failed miserably in their attempt to sabotage BTC hodlers. Even at 14K the gain is 1400% for a year!!!

Oh yeah?

How about this

Bitcoin was a $5-10 billion market at most in late 2013, concentrated on a handful of exchanges, most infamously Mt Gox, which was manipulated by Karpeles' Willie bot followed by the catastrophic loss of Bitcoin and collapse of the whole exchange and fragile ecosystem. You know this, Tera.

Bitcoin is now at least a $200B market cap by itself and has established itself as the trading foundation of an overall crypto market of half a trillion and is even legal tender in Japan of all places, in spite of Mt Gox. There are hundreds of exchanges in dozens of countries and massive infrastructure and overhead now invested in Bitcoin's future. Sure there are many who want to see it fail, mainly governments, regulators and old-school investors, but there are now far too many devoted to seeing it succeed.

I understand the importance of chronic unease and cautious optimism in such a volatile investment. But now it just seems you are just trying to incite doom and gloom, you are trying to instill fear, uncertainty and doubt, you are searching for patterns to corroborate your... hope, is it?? Hope that Bitcoin will continue to fall?  Because it doesn't just seem like fear driving your prognostications. It actually seems like you seriously hoping Bitcoin will stumble and fall into a multi-year bear market and retest old lows. Is this all stemming from regret? Regret that you didn't buy enough to exit this whole game by now and the hope that you can scoop up some more cheap coin?

Rough patches remain ahead, no doubt, but the days of $300 or $3000 coin are Christmas past.

EXACTLY what these predicting folks try to do.  Predict in both directions, and then try to act as if whatever happens was consistent with what they were predicting all along.  The best posters remain those who condition their predictions and remain humble about correct outcomes.  I really doubt that anyone can predict with more than 80% confidence, and even that is quite high, but yeah, I already understand that a large majority of folks do like to predict in terms of absolutes, even though future outcomes do not work like that (until they become historical events).   

So, let's see if I got it all right.

I go to the library, (with my clothes on), download the "make your paper wallet" site from the library computer (so the computer can't be traced to me) onto a USB stick. Buy a refurbished poo computer from Ebay, Get naked, take a shower just to be sure, put on a balaclava thats been in the microwave to kill the microcameras that might have been put there by the Chinese who made it, get an enema, make the wallets, preferably in a dark room with loud music, print them on a virgin printer, pour petrol on the printer and computer and burn them, put the wallets in an envelope seal it with wax and my coat of arms, and put it in my box in the bank.

Did I miss anything?

But seriously, thank you all for your input, I know OPSEC is important, and I do get more and more paranoid as the price goes up.

What do you suppose that distribution is now?

People keep talking about manipulation in USD markets but take a look at GDAX BTC/EUR. Who put up this sell wall and why?



It's a 500k EUR sell wall all of a sudden, god dammit. No other market has such a big bump of resistance in its depth chart.

Lee Nak-yeon expressed concerns over Korea’s bitcoin craze, warning  that “young people and students are rushing into virtual currency trading to earn huge profits in just a short period of time,” and that “it is time for the government to take action as it could lead to serious pathological phenomena if left unchecked" forcing young people into illegal activities like drug dealing.

The vast majority of thread participants herein would have never bought such a stupid dumbass centralized manipulated coin,

Can these alt fork coins please just convert my coins to BTC for me and just send them to my current address?

OK? Thank's in advance!

It's not possible to create a decentralized digital currency.  They're all Rube Goldberg machines designed to centralize that the state will then co-opt and use to empower themselves to try and reduce monetary freedom, increase tracking, and eliminate cash.  All digital currency is garbage.  They are not "money", they're IOUs you hope someone will make good on.  The only place wealth can be stored is in the physical world, whether it's gold, silver, oil, wheat, land, or what have you.  

(1) They've been moving in the same direction this entire year, and longer.

(2) More money is flowing into the market; 670 billion is a tiny amount of money. It needs to be trillions before any major losses.

(3) There are multiple roles for coins - they need not directly compete.

Truth is, sometimes they are antagonistic, and sometimes they are not.

You still believe in $5500? How about $8000? Maybe it will happen, but first 20k at least.

Wait, I always have to correct you people here! Tera's target has been consistently increasing by the day. We must stick with his original target of "at least 3000, possibly less"
I must remind this, just in case

If you look at last 4 hours on polo btc/usdt and xrp/btc you will find out they are still pretty antagonistic to each other

Make another failed prediction to make the thread shine again

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

You subsequently painted it as some kind of technical error to be ignored and the fact that the market recovered from that was deemed by you to be irrelevant as it was headed down anyway.

Precisely. That was the bottom of a correction within a bullish trend. Your desired mega correction & bear market will come eventually but I don't think we're there yet. Too much stupid money chasing the FOMO train.

I don't get people buying XRP "coins" especially for this price now...

YOU ARE the GREATEST, TERA bera...



WE love your comments so much, because we are in this BTC WO thread to contemplate the tens of thousands of percents rise of alts... so pull our stupid-ass ostrich heads out of the sand and woke us.


Thank you TEARA Beara, Thank you.  

Nobody was wrong.  The more centralized a coin is, or the bigger a scam it is where they just print coins out of thin air, the more incentive and easier it is for the scammer who controls it to pump.  Especially when you can create coins out of thin air (Ethereum, Ripple, any pre-mine coin) and then send those coins to Poloniex and use as margin collateral.  That's 100% fraud.  The idea a valueless imaginary token can be used as collateral for anything is a joke. Also, if bitcoin wasn't completely centralized the price would probably be lower because there's less incentive for scammers to pump it.

Yup. You've got an everage fluctuation of btc around the double digit. And that's just the bitcoin, most alts can get a +/- 30% in a matter of hours.
Anyone saying they trade on a market like that is just fooling themselves.
Which doesn't mean they can't make profit of course, but just that they aren't really in control.

Besides that they are basically clones?

Double top? You should know, at this time, that such double tops wont work with the honey badger.

That's your inner beara, Tera.