Eclair Wallet, our ⚡️ Lightning wallet for Android, is now available on Google Play (https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet).

I hope you guys remember to sell on the weekend pump. My guess is that the top will be at around 7100-7200$

Nah, that's just the feeling that every inexperienced trader gets in the start. They trade on emotion as the majority, so they lose together with this majority. This makes it seem like the market is specially after you. It's not after you, it's after the majority, what you can do is keep yourself distanced from that majority who is destined to lose.
And don't trade in single trades. Start selling a little piece at a time to lower the risk.

I've been inspired by the sombre, somewhat-reflective mood of the day.

La balsa Bitcoin de la Medusa


full-sized image available on request

Why do I have this awful feeling like we're going below $9k again...

I blame Bill Gates.

Asshole.

Any wall street involvement with public cryptos is a ploy to get inside and take them down, like with the futures.

It is funny watching how after each bullish post,  the bear trolls post in a matter of seconds maid up shit posts. Epecially Terra and her multiple newbie accounts praising her own wisdom   Sure, Wall Street buying thousands of Bitcoins is a bear news, why not, if you say so.

Getting real tired of seeing this kinda shit.

How about we find stability at $10k first, for the love of FSM.

You sound like Trump or Bush Jr trying to give a purposefully dumbed down speech to appeal to the lowest common denominator and manipulate them into believing something that isn't true.

Fact:  It's 100% impossible to create a decentralized cryptocurrency because transaction validators are always designed to centralize through compound interest, economy of scale, foundry capital requirements, the fact adversarial mining is more effective against opponents with less hashpower, and numerous other variables.

Fact:  Since transaction validators are ALWAYS designed to centralize, bitcoin has zero fundamentals, and thus zero value because it's just a non-fungible, completely centralized, permissioned ledger prison system in the endgame, kind of like the digital banking system that already exists.

There is no reason to support this garbage whatsoever over physical silver or gold, which is a far superior settlement system and dual use currency at the same time.

+  a few more months would fit a little better. If the chart is to be validated, taking this as a short wave,  expect a resuming uptrend before the end of 2018. If the present trend is turning into a long bowl formation, then a low of =/- $3k, and a return to ath by 2021 still keeps the log trend intact.

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.

Maybe you just look down on those who attempt to engage in self-improvement BTC trading practices?  I try to share tips with folks, and yeah, I understand that it can be a bit overwhelming to attempt to employ something like I do, or some variation or even some variation that you attempt to tailor to your own situation.

I thought that most peeps here understand my methodology.

In brief, largely I am an incrementalist.  I buy on the way down, and I also dollar cost average buy, and I sell a small amount of the way up.  I sell between about 1% and 1.5% of my bitcoin stash for every 10% that the BTC price goes up, and I use a decent amount of the sales proceeds to buy back, in the event that the BTC price goes down.

I have been engaged in such incrementalism for almost 3 years.  In other words,  before October 2015, I was largely accumulating and dollar cost average buying... I also was establishing my initial BTC stake in 2014, and in a kind of maintenance during 2015, so if I ever sold any BTC for any reason, I would replace such BTC (and a bit more) quite quickly thereafter.

Currently, largely, I do not really change my practice by BIG price moves or make any BIG moves of my own.. so I am constantly selling on the way up and constantly buying as the price goes... I do tend to play around with the increments and the amounts based on how the BTC price is moving, but the amount that I authorize to buy or to sell is based on ongoing similar percentages that I authorize for myself and only tweak in small ways.  Regarding the actual price points of $8,000 and $5,800, yes I was buying all the way down.  Actually, I sold all the way up to $19666 and then I bought all the way back down and was largely prepared to keep buying , even if BTC prices were to go below $1k (which surely seems unlikely, currently).  Largely also I had been selling all the way up through the $6000s until reaching our $8000 of today.. so if the price goes above $8k I will continue to sell, and if the price goes below $7700 or something like that I will resume buying..

Seems like I have been saying this for a quite a long while - but probably Jimmy said it better... hahahahahhaa   

Guys, I'm scared. It's still under $10k.

 

Going all-in at $4300-$4750  

Selling pressure slowing down, we're going to get a big green candle soon™.

Volume and postcount are looking extremely bullish.

Approaching support zone

I'm buying all the way down too.

I'd like to buy right at the very bottom, then hodl them until an exponential price rise.

hey MAN



the story continuous

I concur!

?? These hats are more unique than a Bitcoin address.

]A fucking full node cost like $60 to run.

What do people here think drives the price of BTC (either direction) the most?

1. Adoption
2. Use methods
3. Scarcity
4. Technology
5. News
6. Rumors
7. This thread
8. Whales

 They don't get any more unique than this (unique might not be the right word here)

Evidently Calvin Ayre hired people with Achondroplasia (dwarfs) to entertain him for "Coingeekweek" and to celebrate BCHSV.


This cant get any more disgusting.  I see a "snow white" hooker was also hired.  Evidently he either is the seventh dwarf himself... "Sleazy", or he could only afford six since he is propping up the BCASH SV price with his money.

Hopefully jbreher wakes up eventually.  And I mean that with all sincerity.

^ My theory is that there was a bonafide intention to create that new forum software but the development never reached a satisfactory result. Probably many of those initial 6000BTC (is this a completely confirmed exact amount btw?) were spent along the path at price WAY lower than todays.

Which is actually a bit of a problem...
I've always found GA to be a little obscure on how to retrieve your infos if you lost your phone or it suddenly stops working.

But don't really see the point of 2FA on the forum though Oo
Not like there is BTC stored here. And hacking an account has 0 value as it would soon be tagged as stolen.

Guys, guys... What are you talking about no backup for GA 2FA?

You can fucking write down the "seed", store it in a safe place, and recover from it if needed..

Also, another option is using FIDO 2FA which everyone with a hardware wallet could use. It would be really easy to implement too. And it makes sense, because... crypto, you know.

I would feel fucked up if I didn't have a backup. #DYOR

Chart data supports our view that a bottom in crypto markets is near. However, it is difficult to pinpoint the lowest price range. Therefore, investors and traders should start building positions on dips to the $3,000–$3,500 area.
BTC/USD

Bitcoin is attempting to stage a recovery from the Dec. 7 low of $3,329.05. Currently, the pullback is facing resistance at $3,387.33. The bulls haven’t even managed to reach the 20-day EMA after breaking down of the $5,900 line in mid-November. This shows that the sellers are in a hurry to establish short positions on every small pullback.


Both moving averages are sloping down, and the RSI is near the oversold levels, confirming a strong downtrend. The only silver lining is that a positive divergence is developing on the RSI.

After a two-day pullback, the bears might attempt to resume the downtrend. A break down of $3,329.05 can result in a fall to $3,000, which is an important support. Below this level, the next support is at $2,416.52.

However, we believe that the $3,000–$3,500 zone will offer a strong support. If the $3,329.05 level holds, the BTC/USD pair can rise to the 20-day EMA, close to $4,100.

The next fall — if the price holds above $3,329.05 — can be a buying opportunity. We recommend going long with 50 percent of the usual position size in the $3,000–$3,500 zone. We shall suggest increasing the position after the pair moves in our favor.

https://cointelegraph.com/news/bitcoin-ripple-ethereum-stellar-bitcoin-cash-bitcoin-sv-eos-litecoin-tron-cardano-price-analysis-dec-10

$6245 is over $5000

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

Did you do the same at $20,000?

Cos that was ever so slightly a better time to do it.

Hi

I would be interested to know more.  Can you tell us whether you have sold some previously since the peak, and your thinking?

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.


Edit: What if it goes down to $1? It was $1 before, I could sell one Bitcoin and make 3500 Bitcoins! (fat chance)

Edit2: Invest some money in a book on investing and balancing portfolios. Read it, study it. Everything you post cements the fact that you're just gambling based on emotions. Emotions that traders use to take your money and make profits.

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

Mid thirties is still a good age for a person to live his life, bang chicks. 

-

First and foremost, when the time comes take some fucking profits.

Simple solution. Take, say, 10% of your "new" profit on the way up.


Say you have 1000 as a baseline, you go up to 2000, you take out (2000-1000)*0.1 = 100.

Now you go from 1900 to 3900, and take out (3900-1900)*0.1 = 200.

For the idiots high on hopium:


Past Performance Is No Guarantee of Future Results

Past Performance Is No Guarantee of Future Results

Past Performance Is No Guarantee of Future Results

Tried that many years ago, didn't work then, wont work now. Their loss.

Gerald.

Already been left here
 

But still its a Nice post and good perspective

Next 24h are critical

To be fair, the gold doesn’t belong to Maduro and the West should not assist him stealing it while Venezuela burns.

I’m sure the goldbugs are going conspiratard over it tho.

Trading is certainly not my style, I am more focused on long term investing.
Recently I read a few pages of a nice book, Fooled by Randomness.

The author mentions some interesting statistics, which I will try to somehow summarize in a few lines :
He mentions that in the last 40 years, SP500 raised about 12% a year. (Average)

If you look at charts once a year, about 90% of the years the sp500 index was green, and 10% in red.
However, the more you look, the worst it is: if you look the charts every quarter , you will have about 70% green and 30% red.
If you look the charts daily, you will see 54% green and 46% red.

Additionally, our generation is now looking the charts every hour or even every minute. This is so crazy. If you do that, probably you will see 50% -50% , even if the long term is green.

This is how you are Fooled by Randomness.

After reading that I got more relaxed about charts..

I didn't expect it to climb $100k instantly anyway. It'll probably happen after the halving when the supply starts to dry out.

minor upgrade while I make a new model. 

at the mean time I don't mind if people co-wear the Vegeta with me and XhomerX, to shoot into 9k's up to 5-dig

I guess there will be two moments in which they will start covering Bitcoin again, one when it raises over $10K and big time when it breaks past ATH. Other than that it is not as much mainstream "news".

Of course someone is scared this Libra thing could actually work after all:

re: My desire to take some profits during this volatility. I'll do 10 corns @ 10k USD regardless, to take a bit of "pressure" off. Sorry for the hmming-and-hawwing back-and-forth on pondering decisions, out-loud.