Australian (ASX) Stock Market Forum

Bitcoin price discussion and analysis

These sort of Gyrations will knock out the gamblers.

Those who are in it for the long haul take advantage of these
massive spikes down.
The foundation is built from those who see the long-term future and stick around.

If your good and you can trade ---- then this sort of Volatility is pure GOLD.
The DAX - on steroids!
 
True point.

Where do you stand on this SQ? Long term upside or merely a punters dream which will crash and burn soon enough?
I believe in the underlying tech. Bitcoin is just... good to trade.
The first web 1.0 companies were not the ones that that lead the final stages of 2000 boom/bust. I believe it will lose its dominance to altcoins sooner or later
Curious to see if we can have a proper bust without big$ institutional ownership...
 
Note the selling volume out of the Asian exchanges on the US holiday and buying volume the next day in the same price range.
Some good reasons for a bounce which happened.
Now it needs to sustain and get up higher tonight. to keep the believers in the 'buying opportunity' on board for a bit longer!!!
Otherwise BTC is going to test 7870-6600 ish soon! ( at which time the rest will make lower lows' and the blood bath will continue with that)
 
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Curious to see if we can have a proper bust without big$ institutional ownership...

A large chunk is held by the first movers and true believers, accumulated back when a simple desktop PC could produce a coin or 2 per day, and a pizza cost 10000 BTC, then there are the kids who threw a lousy couple of hundred at it and have since become true believers.

Can you have a true bust without the institutions and leverage..?
 
Bitcoin back over US$10,000 today after staging an impressive recovery from its low of around US$6,000 eleven days ago.

screenshot-www.coindesk.com-2018-02-16-11-26-07.png
 
Things looking a bit grim for Bitcoin. The cryptocurrency fad starting to wane a little I wonder?

screenshot-www.coindesk.com-2018-04-09-21-49-13.png
 
I think we can easily halve from here. Everyone lost interest for now. And it ain't moving at the current prices.
 
I have contacted Didi, as I have some new tulips to sell, very special, will change the tulip market place and my new tulip breed is based on open source, so in time anyone can copy it, but don't worry about that, it is a new frontier, will change the tulip world.

Not asking much for each unit at the moment, but the upside is massive, just need more people to increase demand and believe that one day they can be rich tooooop.
 
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