Dash is doing well too. Zcash,NEM,TenX,QTUM and Litecoin are also good. New people buying maybe at risk now but people who before and can buy on the pullbacks.
Hmm, not seeing any real catalyst, without one its just another dip. When drops 8000 in one hour, then we get to shout TIMBERRRRRRRRRRRRRR!
If you say so - I think maybe you missed a bunch of headlines out this week (theft, insider trading of other cryptos) and the start of CME Bitcoin futures. 5k is more than a "dip". All in my humble opinion of course. I even pegged much of this in a Facebook post yesterday afternoon. Looking for that 12,800 - 13,000 to get re-tested. If it doesn't hold say bye bye all the way down to previous VAH @ 8k. Blue = verified volume profile distribution before breakout Green = developing volume profile distribution after breakout
I agree with the 8k level, but there is every opportunity here to tank and all the sells get absorbed so far. If it happens, it happens overnight US time.
Enjoyed the dips. Acclimated a bit in my long, and then did an hour in and out at 13900, out at 14900. You in crypto Rock?
word of the day: pan·ic1 ˈpanik/ noun 1. sudden uncontrollable fear or anxiety, often causing wildly unthinking behavior. "she hit him in panic" synonyms: alarm, anxiety, nervousness, fear, fright, trepidation, dread, terror, agitation, hysteria, consternation, perturbation, dismay, apprehension; More
Im not sure they are panicked, so many of them are perfectly comfortable holding it when its down -40% because in the past it has always rebounded. Panic usually occurs when it hits levels so low that nobody wants to touch it in fear of it going to zero.
This past summer it was trading at $2000, what has changed between then and now that adds value to the price of a coin besides more media coverage? Bitcoin is not meant to be an investment vehicle, its meant to be a fast and efficient token of exchange, which it is not anymore!
What's up bud! Nah, I'm not in. I knew I missed the ride, so it wasn't worth it to me to try and chase it up anywhere above 8k. Was a ticking time bomb and I heard about the murderous transaction times and exchanges having technical issues - in fact right now Coinbase supposedly is taking 5 days. I like the tech behind it - but I can't trade in such highly speculative markets like this. Just not my brand of Whiskey.
The public panicked. They realized they were sold virtual shit. HODL'ers can hold Bitcoin if they want to, but they face the major issue of it not being proprietary and now the publics' ass is collectively burned so hard that they'll be wary.
