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RE: Update for Bitcoin As Wall Street Jumps in!
Hi Sala,
Thank you for sharing your inside information. The end result that's what really matters and counts! I was hodling in with fear and doubt. So I understand that I can whipe away the bleed from the Streets and prepare myself for a party....? That would be a nice beginning of the weekend:-)
Hi, buttercups. I am not a technical analyst myself but we may see bitcoin going even lower, may be below 7K. Just looking at the volume now doesn't make me positive in the short run. I am saying this not to disrespect anyone here, but just to keep you aware of this possibility. The upwards pointing triangles that I see forming now also don't make me any more positive about the price in the next few days. It just doesn't feel like an uptrend has started yet- I guess this is subwave 4 and shortly we will have subwave 5 which should mark the end of this big correction. I hope I am wrong and Salah is right and we go only north from here. I plan to simply hold as I don't have any more cash available for cryptos and will be looking forward to the uptrend that has to start soon. What matters is the long run and I think bitcoin will reach more than 30K before the end of this year. Cheers!
Dear friend @humblestudent hope for best!
Yes, my dear friend @salahuddin2004! This correction too will end (hopefully it already did)!
Hi Humblestudent,
That's a very friendly and welcome advice from you, thank you for that! I am in a sort of the same position as you are. I am hodling in and maybe I invest a litle bit more money. I entered the market in November 2017 and really it felt like I was standing and sleeping under the money tree. That made me a litle bit greedy and I forgot to sale and take some profits. So now I have seen the other side I hope I have learned my lesson. But I think maybe I can use some advice in the future when it is the right time for selling. For example I bought Verge in November at $ 0.006 110.000 coins, and it went up to $ 0.25 in a few weeks....I was thinking "maybe it will be at $ 0.75 in a couple of months so why should I sell... ?".
Have a nice day everybody and maybe talk to you later!
Hi buttercups!
Oh, I was on the verge rocket as well. The same as you, I bought it at 0.006 in November and was quite ecstatic when it was $ 0.25 or maybe even higher for a short moment. I sold about half of my verge though - first at 1000 satoshi, then at about 1400 and bought some more bitshares and steem. However, I am bullish on Verge and believe that this coin has some great potential to get to about 1 usd before the end of this year - let's hope it happens!
I might be tempted to buy a few more coins too if they get cheaper, but not before I see how this Tether and Bitfinex situation unfolds. If bitcoin gets to 7K and there is still uncertainty around Tether, I will wait a bit more cause we can go back to 4K or so. This, of course is the most bearish scenario for me in the short term - my primary is once we reach about 7K (or better - we never reach it again and this correction is already over), the market becomes bullish again.
Enjoy your weekend!
Hi,
I have also read about the Tether and Bitfinex story. I was on twitter with the chief finance of Bitfinex i wrote him a message in my despair :-). He said that everything is oke and that its al fud.
On the other hand I was thinking that one anonymous guy on twitter could be a "wolf of Wall Street" who blows the whole thing out of proportion...to create an excellent moment to enter the market. They must have had there bonus this week i think. And i think that the marketcap of Theter is in the world of the real big money not so big that they cannot find a solution for it...
Time will tell, nice weekend!
Hi!
Sure, everything concerning Tether might be fine. It is just the way they handled the situation that makes me not to trust the CEO and the rest of the staff. Even if Tether blows, the impact on bitcoin and the alts might not be that big - I read this interview with the CEO of TenX (and this is someone who should be proficient at evaluating risk) and he expected about 10-15% decline in bitcoin price if Tether proves to be a fraud. It sounds bad, but it's not the end of the world:)
p.s. I saw in one of your comments that you were coming from the Netherlands. I've been there a few times and have a few friends - it's a very interesting country with friendly and open-minded people! I plan to study Dutch (or actually Flemish) as would like to move to Gent, Belgium this summer. Anyway, I wish you a nice Sunday and huge profits!
Hoi Humblestudent,
Wat leuk om wat van je te horen. Ik denk dat in de wereld van het grote geld ook altijd wel sprake zal zijn van fraude. BTC is immers ontstaan als reactie op de bankencrises.
Wat leuk dat je Nederlands gaat studeren.
Ik wens je veel succes!
Groetjes, Carola
Dag, Carola! Ik ben Alex. Leuk je te ontmoeten!
Mijn Nederlands is heel slecht nu, het spijt me als het moeilijk te verstaan is.
Ik ga akkoord met jouw dat BTC een reactie op de bankencrises is en dat het kan de banken gedateerd maken (misschien niet BTC, omdat het heel langzaam en kostbaar is, maar aan andere alt coin?). Maar dat zal heel moeilijk zijn, omdat de banken en de regeringen houden niet van bitcoin te veel en zij willen meer regulaties te hebben. Ik geloof dat dat zal niet straks gebeuren, omdat dat een andere potentieel probleem voor de prijs is.
Groetjes, Alex
(Hopefully, I did not torture you too much with my attempts at speaking Dutch:)
Dag Alex,
Nice to here from you. I am surprised really the first phrases are not bad at all ! Your attempt to speak Dutch has made me smile. I am not in a very good mood at the moment but I am hodling. I hope for the best, thank you and have a nice evening.
Dear @buttercups Only brave hearts can do that.