DAILY REMINDER

>the patterns
dude, do you even TA (without further/real information)??

I'm guessing elliot waves, there's been 5 on the uptrend, time for a downtrend
super subjective, but it checks out

i did not say this moment is the reversal

i said the trend will get exhausted and reverse at some point.. who knows how high it goes until then?

200sma. if the price of btc breaks under 200day SMA and hits a lower high below it, followed by a lower low, say hello bear market

Be honest with yourself. A bubble is not defined by the knowledge of it, but is defined by the value ascribed to it and whether that holds up with the intrinsic value.

How you you know it's a real downtrend TA fag?
Hold on, how do you know BEFORE looking at the charts 2 hours later?

All in comfy alts with real world uses. The cat is already out of the bag when it comes to blockchain tech. Big player now realize the potential to save money and make better products.

...

>intrinsic value

hard to say how much the cumulative electricity bills of all bitcoins ever mined costs, but thats approximatly their intrinsic value

never has a bubble been a bubble thats been touted a bubble by the majority. a major characteristic of the bubble is most people actually believing in the price of the asset and the few bubble touters brushed off as lunatics

Yes, well. Ok. Thanks for the info.

for reference

>YOURE ALL HOPING FOR A CRASH TO "BUY THE DIP"
i don't think anyone(aside from fiatmarines) is wants a real crash, as it will take too much time to recover from.
>BTC
i hope this fagcoin dies already

it grows until people don't expect the value to raise much further and right now we are luring normies in, giving them the expectations that it is worth taking debts for this infinitely growing "product"

no doubt about your argument and we seem to be in the last phase of the pyramide

normies that got at thanksgivin will probably cash out for christmas
most will have lost money

>sma
Just looked it up. Smooth moving average. Cool. So the trick is to set up two sma indicators, a shorter (e.g. 15) and a longer one (e.g. 50). And as long as the shorter sma is above the longer one, it indicates an uptrend? If so, this is still the case, but the distance is diminishing, so it might turn any second now?

Give me one example of a supposed "bubble" that was not a bubble

All this effort being put out to get a couple neets to drive the market with their pocket change is hilarious

basically shorter term moving averages above the longer term ones are bullish. IE a9 day above a 20 day above a 50 above a 100 day is quite a bullish trend. the same is for the bear trend but the short term ones below the long term ones. the 200day is the long term trend. and the SMA i was thinking is simple moving avg. you can also use EMAs if youre trading very short term

google, or amazon, or... Or weren't they part of the dotcom bubble too?

Thanks for the clarification. So.. what are your favorite, or most used indicators? So far I (somewhat) understand the relative strength indicator (RSI) and SMA. Anything else that is important?

this guy called amazon stock a bubble in 2016, many were. seekingalpha.com/article/3963258-amazon-definition-asset-bubble
netflix stock, in canada dollarama stock, in dominos pizza stock. yes they havent exploded like btc but people still tout em bubbles.

im not saying btc isnt a bubble, its frothy af, im JS that peak bubbles that burst hard, not slow bleed, but burst bad are rarely realised as bubbles. thats why its so bad, no one saw it comin

i'm worried about the fact, that experienced investors tend to leave the markets whenever it reaches the mainstream, but i'm deluded enough to hope for a higher price in the long run

normies are too greedy to sell.
we are jewing each other about bubbles, but for a matter of fact it got from few cents to 10000 dollars, so I completely agree with the concerns
no matter how awesome the technology is

you wanna trade like a pro learn about ichimoku and use it when markets have momentum and are trending. i also like williams %r as well as macd but ichimokus great

Yes, this is just like all the other times but this time "bleeding out" means 7k bottom and then we get another fomo bubble up to 50k in 1-2 years which bleeds down to 20k.

>think anyone knew we were in a bubble in 2000? in 2007?

Yes the Austrians

to move money around (which can be done better with ethereum)
normies never travel, like, wtf? where are they moving their money to?
what are they paying for with bitcoin?
the tech is AMAZING but the use people are giving this is purely speculative
everyone buying to sell higher
what happens when people start seeing th eprice go down and down and down? like most people, they sell
buy high sell low
smart investors already bought low, now they're selling

it is very likely we will see above 1 Trillion total concurrency market cap by 2018

OP is doom porn

Does this chart take inflation into account?

This isnt a trend, and this isnt a commodity you stupid fuck. This is a new form of currency, and people are talking it seriously. This is like a revolution from feudalism to democracy or an upgrade from a apt to a home. Its a natural progression, an evolution of the way we conduct business. You cant compare it to the one dimensional, retarded shit they taught you in econ 101. You fuck.

bitcoin is to cryptocurrency as myspace was to social media

or as AOL was to internet

>implying investors give a fuck what it is
an un-regulated market it is, the techa rgument and new currency and all that can only be taken seriously if people are USING it, people are just speculating over it, like any other market

fibonacci curves never lie

IT'S OGRE

>you wanna trade like a pro
well, I'm certainly not eager to remain totally ignorant/clueless
>ichimoku
cool. will look into it. Again, thanks for the heads up.

this is also my understanding. BTC?
>sell, sell, sell

I dont think bitcoin is going to reign supreme permanently. Too many things are wrong with it.
I've already seen houses listed in my area where bitcoin was advertised as an acceptable payment method. I see bitcoin atm's here and there. Theres cards I can load up with cryptos and use as fiat anywhere I fucking please. You're implying far to hard here bud. I gotta wonder why the fuck you're even on this board if you're that against cryptos. What a sad fucking life you must lead if the bulk of your day is spent roaming threads in this forum spreading fudd against cryptos.

Reminder, a little over two weeks ago bitcoin lost 16% of it's value and it remained that way for 4 days before recovering. The same thing is going to happen now. it will lose roughly 15% of its value from the 11 high and recover again within a week or two.

This is because people are pulling out once they get enough of a profit from holding. What that percentage return is is unknown, but it is probably a whole number like 20% for simplicity's sake, which is insanely good for a one week time period.

Either way, the currency will recover as it has before, if you bought at 11 don't pull out the lead yet, it's not like the currency is going anywhere or getting replaced any time soon.

>I dont think bitcoin is going to reign supreme permanently. Too many things are wrong with it.

I have also thought this for the past year and everyday i'm proved wrong. Btc is a whole other beast

It's a dinosaur for what it does
The fees are astronomical for what it is
Slow af

The last year's been normies flooding in more and more. Once the normies hype wears off it will be a dead coin, you're too soon. Most of the people who have been buying it up, responsible for this run up, probably couldn't tell you what a distributed ledger even is or what the difference between Bitcoin and ethereum is

I'm not against crypto, not even against BTC, I do think it needs to correct, rather sooner than later

If mesozoiccoin goes down to 5 cents it sure is not going back up.

>rather sooner than later
it's going down again, and dangerously close to the 200 day SMA.
or what do you think with your ichimoku fengshui?

pic. related

how low will it go?
I'm thinking anywhere from 5k to 7k, the later being most probable IMHO

I used to think this but I'm starting to think it will be more like ipv4. Superior tech doesn't always win out, sometimes it has to be patched around because too much has already been invested in it to back out and redo everything. Btc will be the backbone asset ledger for when reliable decentralized security is the priority, slow moving tech but with the most trust in part because development doesn't move too fast.

youre wrong as fuck. i can tell you have literally no clue about the inner going ons of cryto andprobably a branlet from pol. there is alot of big money that have a fuck ton ivested in this and it is not just gonna poof into obscurity

Fuck off, moron.

Adoption is not even that high either. Its barely scratching the level of gold. If Bitcoin ever gets up to 5% of the population using it confirmation times are going to become agonizingly slow and the upkeep for each coin is going to become prohibitive. Even Ether is fucked and cant scale properly. Blocks could hit 1tb in size. Something else will take over eventually. Im sure of it.

Or. Or, maybe the suspected institutional money will never show up since any business application of a blockchain database/token could be executed better by a specific solution or a separate coin and the only reason to use bitcoin is to pay for early adopter's moon tickets.

>patching around BTC
yeah, have fun with this
>too much has already been invested in it to back out and redo everything
which is clearly(!) not the case here.

Downtrending as we speak. Hope you sold at 10k

>since any business application of a blockchain database/token could be executed better by a specific solution or a separate coin and the only reason to use bitcoin is to pay for early adopter's moon tickets.
I don't think that's how you get a secure network/token/business, user. Especially not if you do something other than proof-of-work.

> t. buyer at 11k
Why don't you elaborate about the inner going on of crypto. The money invested is only interested to unload onto someone else at a higher price. If they were truly in it for the profound technological implications maybe they'd do a little homework first on actual applicable solutions like eths investors.
Like these issues

Fixing btc problems would be the right course of action, but as the other user said, good luck "patching" it with core going full retarded.
The way I see it, BTC would be like http. At some point will not do and you'll have to switch to https.

Is it just me, or do those graphs look a lot like the weierstrass function ?

Then short it op. Just like making money on btc going up, you can make bank on it going down. A clear bear market is just as good to trade as a clear bull market.

indeed. And really, using it as cash, as in a payment method for the daily (cheap) things in life, is already out of question, due to those retarded network/mining fees. Pic. related. Seriously, WTF.

yeah, but this stuff actually requires some trading knowledge, as opposed to aquire a bunch of funny money and holding it until you've made it.

Most places are just looking to hype something up with a blockchain application, which usually is just a crappy database/private blockchain w/o proof of work so that they can look progressive. Even if you want to use an existing proof of work token, ethereum seems like it's much more versatile in actual applications, even if the only way to denominate smart contracts in usd seems to be USDT. I think my point still stands that the only reason to buy bitcoin at this point is speculation and moon tickets.

Should probably not touch something manipulated so hard by the gooks

If they are going to run centralized shit on their own servers they don't even need a blockchain in the first place. It only serves a purpose when the network is big, i.e public.

DELET

There is no bubble....

Honestly I've seen worse. And expect so see way worse in a few days.

Well, unless you're trying to cash in on a hype train. And the primary point was that bitcoin isn't particularly good at anything other than having the largest market cap and dedicated fanbase.

>blockchain.info/unconfirmed-transactions
you better start patching

>unconfirmed-transactions
What's this? The queue of transactions to be processed that's piling up??

normie detected

It's already back above 10k my dude.

oh, nooo

yes. unconfirmed transaction awaiting to be processed.
checked this morning: 60k, now is around 90k.
'i wish i could invest in unconfirmed transactions'

>blah blah blah
said the neck beard who could not trade himself out of a box
bitcoin is to cryptocurrency as myspace was to social media

or as AOL was to internet

nope
my selfies are making me rich you dumb cunt

you seriously didnt know about this? the netwrok gets bottlenecked hard, this why everyone saying btc is dinosaur piece of garb

normies don't know about this. seriously.

I'm still getting used to all the vocabularity, and wasn't really sure what "unconfirmed" really was refering to. But yes, I'm a newcoinfag and there's still lot's to learn...
>pls don't bully

everyone has to start somewhere/somewhen... the question is if you're willing to learn something along the way.

shut up. ITS GOING TO 100K. It's been decided by forces beyond your comprehension.

okay, okay, normie-test. On a scale from 1 (geek/wizzerd) to 10 (full chad/normie), just how normie am I? I give you a hint: my first investment to play and get used to this stuff included: ETH, MOD, IOTA, and LINK (and some BTC change to test shit with).

10

where, on that scale, is LARPING?

I lost already, just waiting for tf2 servers to be back on line

oh..
but I'm not :(
what?

ah I'm also high, lel

yes

oh man, kek
lmao

just sold everything

I SAID NO BULLY!! REEEEEEEEEEEEE

Me too

Ripple will be king

>mfw when I use advanced quantum predictions and sell right before faggot OP posts thread, and rebuy after normies follow his head.

My smugness is achieving orbital velocity