Let's put this shit in perspective kids. BTC was at $6,400 on Nov 1 and by Dec 1 it was nearing $3,700. It hit an all time low of about $3,200. Now that it's pumped $800 you think the bear market is officially over? This shit is still far from over. Unless you're swing trading, don't buy until the next time it snowballs to a new low.
You've been warned.
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make the bull run happen
no, everybody is just making fun of the people that literally waited 12 months into a bear market to sell
Too many people are still bullish. True capitulation has not even come close to happening yet.
Yes, the bear market is over. But that doesn't mean the bull market has started. We'll be bouncing up and down for the next 6 months or so.
>all time low of $3200
Uhh
Sounds like you're coping with the fact that you didn't buy the bottom. You're desperately praying that there will be another huge dip. Perhaps it will happen, perhaps it won't, but I don't see any reason to listen to advice from someone who missed the most obvious (local) bottom ever.
we're gonna party on without you bear fuckers.
>all time low of $3200
Only brainlets double down on mistakes.
people wishing that they made it during the height of the ponzi arent going to make it ath again, kid
perhaps youre trolling
Then perhaps they should've stopped doubling down when they lost 25% and not when they lost 25% 7 times kek.
>the absolute state of retards
I don't think you understand what trolling means.
I'm shocked it bounced this high. Truly baffling when there's only so much time to break those GOX hands.
what are the parameters of those indicators?
That's where you are wrong user, absolutely wrong.
I half agree with this sentiment but at the same time if you look at almost all previous examples there was never a full recovery like this before. Most of the time you get a recovery and it meanders up and down and often goes even lower for a bit.
This feels like its just a repeat of past events. It would be super insane if suddenly the market goes full bull just like that.
buying a week ago would have been fine. Right now we are no longer at the bottom. If you buy right now you are throwing 25% of your money in the garbage can. We are going to spend like an entire year on the bottom. You dont have to fomo or panic buy.
Yeah this makes the most sense to me. Like imagine what it would be like if suddenly this shit just keeps going up and up.. That would be absolutely fucking insane and counter to any market movements in the past.
At that point it barely matters when you buy in, you will be rich as fuck anyway.
Now this is how people SHOULD analyze this meme market.
capitulation has already happened 5 times or so this bear market.
we are unironically at the bottom. Do you really think it can go lower after a 85% drop in 12 months? Maybe a little but not significantly so.
It traded
I agree. I don't at all expect us to shoot back to 20k (or even 10k). No one can predict when/if the real bottom is in. If you're a long term believer in crypto/BTC then it's pretty retarded to try to time the bottom. Just DCA.
it's a little irrational to believe the market must move in a traditional way, given how low liquidity and volume is. It could very easily randomly bull run to 10k now.
You’re adorable
They've had 12 months, why would they suddenly liquidate now? In fact they've had more like 24 months if you're talking about people who bought at sub 1k.
no worries though. we're clearly in euphoria right now. dark wojaks will be flying in a couple weeks max.
>It could very easily randomly bull run to 10k now.
Yeah sure liquidity is there for this to happen but most people are not going to want to risk their money like that.
January and February has almost always been a dump to some kind of V bottom. This is consistent as hell outside of 2014 where it dumped in December but even then it still went a lot lower.
20 and 200 period moving average on weekly candles
I got most of my fills below 3500. At the same time, looking back now, accumulating in any part of that 200-300 dollar range was an amazing price, why squabble over pennies now when most people buying today believe it will eventually surpass ATH?
For what it's worth i've been saying this for a while now, so it feels good to be proven right.
you're referring to the fabled 'golden bull' which just happened less than a year ago. its not happening again for a few years if ever. still no real world adoption. no killer "dapps". crypto is still nothing but speculation and blatant market manipulation. all the normies got absolutely rekt in january so you can forget about them buying back in.
I've been using the 20 and 200 weekly period MA's for years now. If you identified that the 20wk was strong support you could've bought literally every dip along the bull run and made a decision to cash out once that line was invalidated. Since breached it's been massive resistance.
What do you class as real world adoption? Are various states and countries adopting Bitcoin as a means to pay tax not adoption? Is the influx of Bitcoin ATM machines around the world not adoption? Does the listing of BTC and other various coins by some of the largest stock exchanges in the world not count as adoption? Does the fact that the number of BTC transactions is at an all time high not count as an increase in adoption?
based 200ma user
very impressive sir
>still no real world adoption. no killer "dapps".
Uh wrong and wrong. You need to be keeping up on research on this shit if you intend to have any ability to not get rekt. RIght now social media and gaming is stepping in to be a major use case for crypto and there are already killer dapps in the works. Some of them are already functional and just need a little push before they gain traction.
Stop saying this no adoption bullshit. It is not impossible that we might just go right back into a parabolic movement within the next 6 months.
>cope
They already have, dude. The question is how many bag holders are gonna finally give up. Smart money left crypto in the dirt at the peak. Also lol at $800 being a “pump”. No, that’s called fomo. Someone post the chart.
>Silk Road dead for years
>no adoption anywhere by anyone
>all upswings driven by economic recovery and speculation
>economy and stock slowing down now, with less liquidity and more cynicism than ever
>”bull run soon guys bears a shit!”
I've heard this at least 5 times this year
>Lol bro it already dropped 30, 40, 50, 60, 70% you really think it can go lower?
You must concede that either the price will go to zero, or at some point there will be a bottom. Bear markets are always constructed via a series of lower lows, but just because there have been a bunch of lower lows previously does not mean it will continue to zero.
RSI?
>At some point there will be a bottom?
Ok? No one is arguing against this. But to say the bottom must be at 4k is laughable. There's literally nothing stopping it from going back to 1k.
Remember the ironclad support at the cost of mining? Or was it at the delisting cost of the imaginary etf? I ‘member
Fair price is around 5.3k, though it's typical for the price of an asset to undershoot fair price in a bear market (just as it's likely for an asset to overshoot fair price in a bull market).
The Establishment hate BITCOIN
youtu.be
I'm sorry but I can rattle off a bunch of dapps. One of them is the new crypto based Patreon that Jordan is setting up.
You are the one in denial. And denial is a form of
C
O
P
E
Its to help you feel better for losing arguments on the internet.
I think you meant to target someone else.
>I think you meant to target someone else.
yeah wtf, I got the wrong person on that whoops. Now watch this no use case mongrel use that as his crutch.
> HAHA you targeted the wrong person thus dapps don't exist!
These chart patterns will eventually cease because continuing the pattern would imply the price of a single bitcoin hitting ridiculous levels. This pattern will most likely not repeat again.
>this time it's different!
Say what Satan?
Wow what a fucking useless illustration
>oh youre doing a procedure on the eyesocket? Here's some tongue details
>These chart patterns will eventually cease because continuing the pattern would imply the price of a single bitcoin hitting ridiculous levels.
BTC hitting a dollar each was pretty ridiculous honestly. The crux of this situation lays more on incentives.
Are there incentives to continue to push the value higher? Then the pattern will continue until those incentives are no longer there. Bitcoin is a value virus in that respect.
Excuse me, is this the bear cope thread?
Pulling value of 5.3k straight out of your ass
Do you not know what a lobotomy is?
Serious. Gambling apps alone would do it. Unstoppable fair gambling optimized towards addiction will eat the world
It's based on common sense.
Read the comment again, you dumbass
NO. ENOUGH OF THIS BOOMER MENALITY. zoomer accelerationism is only allowed onwards. we'll move on without u dumb fucks.
Yep, and they are already getting pretty insane. Now imagine when the gambling is fused with more predatory systems. Loot boxes in highly addicting games.
based bitcoinwisdom poster
Ok then it doesn't matter when I buy in. Ill be a millionaire by 2020 fuck it. Ill wait another month fuck it.
It's a cross-section, they're not exactly going to leave stuff unlabelled.
No no no, buy now or be priced out forever. The next five minutes are critical. It’s like you want to be poor.
this is pure cope
>there are already killer dapps in the works
yeah and they have been since the start of 2017 and yet here we are almost 2 years later and still ZERO demand for "dapps"
name ONE that you actually use today and why it is better than a comparable centralized app.
yeah Funfair worked out great didn't it? late adopter cope central
Dude if this shit goes up forever then nothing matters. Buy now or buy 3 months from now is just another shade of unlimited money.
Ohhhh sweet child...
BUY BUY BUY
>yeah and they have been since the start of 2017 and yet here we are almost 2 years later and still ZERO demand for "dapps"
>Facebook instantly had billions of active users within the first year
> name ONE that you actually use today and why it is better than a comparable centralized app.
Dai
Novusphere
DTube
Steemit
EOSKnights
Bancor
Steem Monsters
Memo
I also cant wait for the crypto based patreon coming soon. I plan to use that as soon as it comes out! Its so important that we get a Patreon that is not trustless. Hey can anone else mention some games on LOOM? I know there are some cool card games on there.
Hows dat ass of yours? Is it butt hurt yet? Pretty sure its butt hurt. People in denial like this make me laugh hahahaha
I have never used any of or even heard of all but one of those, but by all means please continue to devote all of your free time and mental energy to the pursuit of your dream.
dai and steemit are the only two anyone actually uses, and dai is just a place to not be in crypto while you are still in crypto. Its not actually useful as a cryptocurrency itself. Even steemit is very niche.
Oh, YOU haven't heard of it... please tell me... who the FUCK are YOU and why do you think so highly of yourself?
I mean... $20k was a little bit too ridiculous for me, and I joined in when it was trading between $900-1200 for MONTHS.
I can't imagine how ridiculous $1000 was for the people who were in for dollars... and there were people back when it was pennies.
Just thinking if it matches gold's $8T marketcap (which I admit is pretty ridiculous), that's around $380k each (if computed from the max 21 million bitcoins).
Pic related.
I’m the guy you’re losing your shit at on the internet.
You're DAMN WELL RIGHT. Conduct yourself appropriately.
That wont be for another 7 to 15 years.
> I have never used any of or even heard of all but one of those
This is actually no bullshit a form of actual cope. Denial is Cope.
Read my post again. Now you know. Someone more informed on the topic informed you pleb. If you do not change you stance on the topic you are officially and undeniably in denial. And those are just the dapps I use. There are tons of other dapps that exist. Gambling is huge on the blockchain.
>dai and steemit are the only two anyone actually uses
> Myspace is the only social media page anyone actually uses. I never heard of twitter or Facebook before so its never going to gain traction.
Its a fucking 14 year old who is probably same fagging up the thread. HAHAHA
You really do seem like you need some help. I’m sure there’s someone out there that you can talk this all out with. You’re not alone.
True... if we follow the chart made here
But then isn't there also the possibility of it doing a 2013-2014 run, where the bear market was shortlived and it did another parabolic run right after the previous one?
I repeat. Who the FUCK do you think you are. Why should anyone take YOUR advice?
What is Dai?
I'm usually on Steemit reading articles, and so these comments made me curious about Dai (if it's somewhere I can hangout like biz and steemit regarding crypto related things), but I can't turn up anything on Google except a coin.
> You’re not alone.
Cool bro. I get to hang out with people using the technology while fags like you can suffer in denial on r/personalfinance . Say high to the nocoiners for us.
>But then isn't there also the possibility of it doing a 2013-2014 run, where the bear market was shortlived and it did another parabolic run right after the previous one?
If a dapp gains mass traction then we may very well see some kind of activity like that. Its a matter of time honestly. It will only take one game, one social media page. That's it.
>What is Dai?
Dai is a really awesome stablecoin on ETH. Think of a version of SBD that is more dependable. Its also a token so its super easy to swap between ETH and Dai with no need for an exchange. So basically you can tether value of ETH any time you want in a few clicks with no KYC or any bullshit.
It was oversold, look at NVT signal
It’ll go into an accumulation phase less than 6k more than 3k for the next year.
No fucker in the game will be buying above that and new money isn’t ready yet.
I'll give you steemit. the rest of those are shitcoins that 99% of even the most deluded crypto bagholders have never heard of and would probably work much better as centralized apps. dai is a fucking stablecoin. the list you provided I will very generously say is worth $500M total. current crypto market cap is $140B. look out below late adopter newfag.
>the list you provided I will very generously say is worth $500M total.
Bancor is ETH and EOS two of the
Memo is BCH
Also all of the dapps I mentioned part of either ETH or EOS. Thats 3 out of the top 5 fucking coins on coin marketcap HAHAHAHAHHAHAHAHAH AAAAAAAHAHAHAHAHAH
And you called me a new fag?? HAHAHAHAHAHA
Damnit this thread got shit up. It just urks me to fucking see the "crypto has no use case" thing because its just BULLSHIT to a point of saying water isn't fucking wet. Its so obviously true that crypto has uses and its obviously superior to its centralized counterparts.
The next bull will very likely be related to dapps. Which scares me a bit because so many traders focus on BTC but ETH may fucking very well lead the next bull run and catch people off guard. We have to realize that just because BTC is still in a bear market at any moment a dapps coin may break free.
Nobody except people on Jow Forums knew what bitcoin was or how to buy it when it was under $1000. The genie is out of the bottle now and there’s no going back.
>all time low of $3200
It is the all time low though for 2018.
The value of ETH, EOS, etc is purely speculative since nobody actually uses them for anything but trading shitcoins. The value of the dapps you listed, which apparently are the most widely used, is practically nothing. Which means ETH EOS and BCH are massively overvalued. And yes, you are clearly a newfag that so badly wants "dapps" to be a thing even though that bubble already popped a year ago. Thousands of ICOs raised billions in dumb money and the best you have to show for it is fucking bancor. Sad
look at the volume in a "dead" bear market. a new set of believers has bought in.
the volume speaks more than just price and momentum is not there. the fud is not real but dont fomo unless it dips to some thing more affordable.