This morning, Bitcoin crashed violently yet again after a horrible day yesterday, reaching as low as $9k at the time of recording this and currently hovering around $10k. Looks like we have some heavy support at over 9k memes. In all seriousness, I bought some Bitcoin at $9.8k (which was rough because previously Bitcoin dipped to $9.9k then went back up to $12k in a few hours) and am ready to buy a lot more at $8.3k.
$8,000 seems to be a level that many technical analyst agree on, regardless of metric. Whether it's basic support and resistance, channel support and resistance, simple moving averages, Fibonacci retracements or Elliot wave analysis, everyone seems to hone in on this one level. Furthermore, media outlets are beginning to mention this level to so it has become somewhat of a "Trinity" level.
Given the fact that so many charts line up to this level, plus it's a nice psychological level, I suspect we'll find substantial support here and potentially a bounce. As a result, I will be investing heavily at this level if we reach it. As always, it is possible that Bitcoin declines even further past this level. However, I have more confidence here than anywhere else so I see it as a healthy "probability" bet.
If you're not calm right now, then it likely means you didn't scale your position in Bitcoin correctly - You have too much. Most newer investors have limited experience with understanding their own risk profiles, so this might be a good learning experience and I encourage you to take note so you can sleep better in the future.
Lastly, you know the drill already but... I prefer Bitcoin over altcoins and still suspect dominance to rise to 45 - 50%. Something I forgot to mention in the video is I am watching a few altcoins closely and am prepared to buy if they crash down to certain levels relative to Bitcoin.
What are your thoughts on this volatile market? For once we consolidated and broke out to the downside - been a while since we've seen that. Hope you're all having as much fun as I am!
someone said the 1st BTC futures contracts are about to expire these days :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Deffinantly suspect those futures have some influence on the current state of the crypto market.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not directly, since they dont actually trade bitcoins, but contracts over Future prices.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They do ahve an effect, as i do see a corolation with pump and dum patterns in relation to when futures is bought and sold. But not anywhere close to what we see happen now.
From what ive seen lookin at them now and then, they have been buying and selling at sertain intervals within 1 contract periode.
But yes, cboe futures for January ends today.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A future contract is an "agreement" between two parties that one will buy an asset (be it BTC, gold, or whatever) and other will sell it at the contract established price, no matter what is the price in the future. One of the parties will end up in a loss.
Futures trading contracts like the CBOE one is where a bunch of people buy or sell a contract that have an expiration date.
At the expiration date, the contract is settled, and whoever have the contract in the hand will have to make the settlement (is a bit more complicated than that, but its the basic idea)
When you buy a future contract, you dont buy the asset. Only the agreement that you will buy/sell the asset at the contract price. CBOE futures contract end today, but there is already a new one open.
The price of the future contract is different from the price of the asset (higher or lower) because it is not the asset. It is and price established on by the exchange following specific rules.
Every day, there is an adjustment on the contract price, that puts it closer to the asset price. At the expiration date, the price is the same of the asset, and the contract is settled. A new contract is created, and the cicle restart.
No BTC ever exchanges hands.
The movements on the price is related to the price of the asset, because people trade these contracts based on what price they expect it to be on the future. It is not exactly the same, but they are alike.
Before the expiration date, anyone is free to buy or sell the contract, usually with leverage (less money to buy more contracts, but higher risk) provided by the exchange, wich make it a lot easier to trade on higher volumes. And they can buy a short position, betting on the price falling.
But no trades that happen on the future contract exchange only have effect on the price of THE FUTURE CONTRACT. There is no effect on the price of the asset. NO ASSET CHANGE HANDS.
But here comes the catch...
In a small market with no regulations (in money volume) like cryptos, it is pretty possible for someone with enough cash and intelligence to manipulate the asset market, and have its reflection on the Futures Market.
THERE IS NO DIRECT EFFECT. Only a possibility of market manipulation.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A very large possiblity I would say. If the futures are a leveraged bet, someone heavily short the futures and holding large amounts of BTC would have a large incentive to sell the btc hard to win on the contract and then buy back the BTC lower. With large selling comes stop runs and panic selling so thier selling facilitates much greater selling at certain price points. With computers and algorithyms available to only rich investors, this becomes a pretty doable arbitrage.
Key for small players is, hold your bitcoin through contract expiration dates.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was thinking this exact thing and made this post right before I read yours:
https://steemit.com/bitcoin/@lordprime/will-the-cboe-s-bitcoin-futures-always-rise-into-the-close-on-expiration-day
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I ahve read what they are, but this explanation does not explain why ive observed that several times in January that CBOE have had 3000+ contracts listed as active, and over 1000 CME futures contracts, then later say 1 week after, both was listed at 0-200 contracts. For that same mounth of January.
IF your explanation @phgnomo and what is informed about in the futures websites was 100% true, then that whouldnt happen,. Unles there is a vital detail Im missing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Could you point me to the website with this information?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
cboe futures: http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures
CME futures: http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html
Note: CME futures had over 1000 contracts for January earlyer, before cboe futures contracts for january ended.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Everything is manipulated. Even the stock market. Even the USD market. What isn't manipulated? Even politics are manipulated. The key is to play within the manipulated games.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can doesnt mean they are.
The difference here is that is lot harder to manipulate Stocks markets due to the very high volume traded and some regulations that punish manipulation.
On the cryptos have low volume and no regulations, so... A few millions is enough to manipulate price.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wouldn't doubt that the expiration of futures has something to do with the movement as well, but it seems the January effect that has long been eliminated in traditional markets is still present in the cryptoverse.
I hope @cryptovestor gets his big buy order in because I don't believe prices will reach that level. One of the reasons why I don't use the typical moving averages. Thanks to that I was able to sell out of my positions prior to the drop as I wrote and questioned if this was the beginning of the correction.
I used those same charts to get back in at around the current levels and highly encourage others to do the same if they haven't. It's not possible to catch the perfect bottom unless you're extremely lucky, but I believe this is the bottom area.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ftures contracts usually expire in mid March and mid June, so this is not the reason. Also investors usually close their futures positions about 2 weeks before expiration, so and of February would be such time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The BTC is not usual at all!... BTC futures are monthly next influence date is 26-01-2018... Check CME and CBOE .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
8k is just a house number, but since everyone agrees on it, mass psychology will accept it as a support level ;) As to alts, that would mean a further 20% down from here, use the next straight number and better buy BEFORE it goes quite that low.
8000 in Bitcoin is a level that guys like Mike Novogratz have been expecting since before Christmas, so it's where we should expect a few of them levelling in.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Pretty much, the way I see it at least.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you have the faintest idea about technical analysis or even just look at the btc price chart, really, you will have no problem seeing where this "house number" comes from.
Which takes away nothing from the self fulfilling prophecy argument. Technical analysis is basically an exercise in mapping out and anticipating trends in mass psychology. Traders get conditioned to respond to the chart, then the chart responds to the traders -- a self-enforcing feedback loop.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Before Christmas, I tried the Fib and found that 9500 seemed to be the most likely house number because the 0.618 landed there - but once the folks behind hedge funds are openly guessing at 8k in a press release, old Fibonacci will likely for once adapt TA. It would be so disappointing if BTC really bounced at nine, because there's many folks here who found the correction too level so far and were even calling for 6k and lower.
8k might be the final line, so that we could now climb up again and start the new year in earnest.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I knew you would be the excited voice in the paniced crowd!
Hell Yes, this is exciting. I had buy orders in on BTC, ETH, & LTC that got filled while I happen to be watching, the bounce was so hard and fast I sold them all near the top (rare to get this lucky for me), but figured it had to be a bull trap and if not I didn't really need more anyway. I placed more orders below the last lows and woke up to the first being filled (BTC around $9,200) I have more buys below that even below $7k. If it all goes right my lowest orders will not be filled, and that is fine too.
Keep in mind people this whole crash is only in terms of USD pairs, if you don't want USD then it is just a sale to buy on. My portfolio is down 30% in USD (still have some that are going up) but again this is USD valuations (which I could give a shit less about), I have ridden 90% drops, this is nothing! Everytime the masses have screamed "bitcoin is dead" or the newer version "bitcoin bubble has popped" the market has recovered and grown stronger. Fuck wall st! I will not be manipulated out of my crypto, I will hold till zero rather than sell to those fucks!
peace
jax
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ci,
I know there was a gleam in your eye today seeing BTC drop...especially under 10k.
(Heck i used up my reserve fiat to load up my previous positions & actually got more BTC.)
The one thing i do need to get used now...is the panic.
ALOT of people really went apeshit over this & Bitconnect(anyone could have seen that coming)
Makes me wonder...are people really expecting Unicorns & Lambos in this market?
I view it as a new age version of the pink sheets with some of the sham coins in this market.
As many positive things...i see negative ones.
Anyways good to know i wasn't the only guy looking for a solid bargain in this overinflated market.
Hell.. i expected BTC to possibly hit the 7.739k support level.
This in itself will teach folks...dont think your "Fillinblank" coin is a guarantee.
No such thing as a guarantee in any financial vehicle.
Only Death & Taxes.
On that note, excellent video as always.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
First, thanks for your amazing controversial videos! Make me feel better in situations like today and seeing every bigger movement as an opertunity to act strong against the market.
One point you are mentioning alot is the bitcoin dominance and that it will bounce back soon.
(I've a mixed portfolio of projects I believe in out of 6 coins in top 10, 6 coins in top 10-100 and 6 coins in top 100-200 market cap -> so altcoin portfolio without alot of trading, more hodling-setup and switching big gains in one coin to other coins out of my portfolio)
I understood your points and was thinking about a possible bounce back of btc too, but didn't change my portfolion early enough (was at 11. of January I guess) and didn't want to change it while mc was "that low". But know the real crash is happen, i've to say, im surprised how good my portfolio works out, only loosing 2 % more then btc today.
Questions:
In your theory and how you presented the btc in your last videos shouldn't the btc be alot stronger than the altcoins?
Don't you think this is a big sign that the btc is compared to the newer coins weaker and will loose more Dominance in the next month without a bounce back to 45 % an higher?
I mean THIS should be the situation where the btc should be ALOT stronger then all the alt's which gain like 3-10x in the last month right?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's a crazy ride and I'm all in until the wheels fall off! I'm hodling all my coins as well as increasing positions as the market drops, it's a roller coaster people, it will have all these crazy drops and lifts.. i sincerely hope the community keeps there heads. Patience is rewarded in the crypto space. Good luck everyone.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Best of luck to you wolf - always be cautious about being "all in" though!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Holding BTC was one of the few safe places to be today unless you care about $ values. Everything else is plummeting versus BTC so it is a great time to be buying alts unless you believe this drop is going to be followed by a massive BTC rally to the exclusion of alts. That does happen, but seems to happen after a first run up and people have already bought into the alts, then if BTC keeps going it cannibalizes the alts as everyone gets FOMO.
Yes, the futures contracts are expiring today so hopefully this is the end of the dive because I've spent most of my BTC reserves on great alt buys.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would not buy any BTC. Better off in something like BCC or LTC since transaction costs are low and transfer times are quick.
Then you can cash out after the next "pop" so you can actually pay bills, buy food, etc.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wouldn't recommend any investment on the basis that you can cash out to pay bills lol.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you are using money you actually need to buy food or pay bills you should think about investing less money. What if the whole market crashes to 0? You'll starve?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Another BCH angel.
I don't know anyone who ever used Bitcoin in a transaction.
It's so easy to change some into ETH or Dash or whatever and use that - or Monero if you want to keep it a secret. Otherwise - hey, why not use your bloody bank account with th Visa ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hashflare, Ledger, Microsoft. Now you know someone.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
And when was that
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The two goons below will be taking their cryptos to the grave with them.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't think the correction is quite over yet although we might see a bit of sideways action over the next week or so I do think after that we are going to dip and test the $7800-$8300 levels as a true bottom (so your note about buying more at $8300 is a good and relatively safe position IMO). We will likley see BTC go back above 14k by the end of Feb, but again I do expect it to dip below the $8500 before making that trip back up to the 14k+ level.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Let's go to 100k. We ready.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We're still going to the moon, but taking a detour via Saturn and Uranus.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think the stronger alts will bounce harder than btc and outperform btc. I like NEO. I'd be happy with btc just stabilizing and trending sensibly higher. Many ico's built on NEO coming out, NEO conference at the end of this month.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
NEO bouncing hard since I posted that...where's the love people? hehe
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very interesting analysis, anyway i think we should keep in mind how much the liquidity and the volume of the market has changed in the last year, meaning the pattern could change significantly
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got this table from the Simpsons? They're the only ones so far with a nicely working time machine....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Fact!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In one of your earlier posts I predicted a similar outcome like what happened with the crash we saw this days. I sad that the pice will fall a lot to around 11000 dollars and that the dominance of Bitcoin will go up a lot.
I sad that that will be the optimal price to buy it for a quick return.
Now when the price is as low as 10000 dollars I am worried that the overpriced Bitcoin bubble might crash down to 5500 dollars?
What are your thoughts, is it going to pop or is this a over needed market correction?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't think it is a pop yet as noted in last video or wouldn't be so bullish right now.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No comment on bitconnect fall? What a gentleman
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I might devote a video to that, so not so gentlemanly ... Especially after this tweet: https://twitter.com/Truth_Investor/status/953445785349259264
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So toxic...I love it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
youtube.com/watch?v=3GwjfU…
Disclaimer: I am just a bot trying to be helpful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was hoping he would have done
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sold my car to open up a leveraged position on bitcoin at 8k. Can't wait to be rich.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why not the house too? Or is that why we sold the car to aspire to? For legal protection, this is sarcasm...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I mean i'm laughing... but when you think about it its far from funny.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Broken the 100MA to my surprise but dont think 200MA is in bound just yet. 8000 seems a good bet!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
totally agree. I also set a buy order slightly over 8k. If I can buy I'm happy. If not also, that means price goes back up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would get into crypto investing but GDAX can't verify my F'ing identity so it looks like I'm gonna miss out on a potentially great investment....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well bitfinex opened subscription but you have to invest at least 10000 usd tho...anyway you can deposit them then cash out right after(?????i guess?????)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's pretty amusing when all the things I say to my local group of crytpo -friends in the morning to curb their fear, is confirmed by you in the afternoon, lol
And even though you claim not to like/use technical analysis (and I agree that it shouldn't be the only thing a trader relies on), it was nice to hear you acknowledge the Fib's usefulness.
Speaking of, I realized TradingView had changed some of my ratios somehow so that last chart I posted was out. Heres one I did yesterday and it supports your content today.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for being so pragmatic about this craze. I wrote this article because I think a disruption could be coming to this market. Would like to know your thoughts. https://steemit.com/cryptocurrency/@beeseyeview/apple-pay-blockchain-ico-news
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
what do you think about the new tax bill and how it will affect Crypto traders. I heard that you will be taxed when trading from cryptocurrency to cryptocurrency. They see it as changing from USD to Euros or Pesos etc. which is taxable.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi there,
Thank you very much for your videos and articles - glad to hear the opinion of someone critical, yet also optimistic about crypto.
I wanted to ask which of major cryptos you would think will bounce back the fastest after this bust?
I would argue for Ethereum, however Litecoin seems to have dropped even lower and saw no major boost in January.
Again, thank you for sharing your knowledge and being critical in the face of irrational exuberance.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah I plan on buying in the 8-8.4k range the support is there and I agree that mass psychology will play a big part as well. Its time to watch the buy/sell walls. Happy Trading!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yo, been a while since i interacted.
Good content as always.
I bought some btc at 9.5k too. Waiting for the next support level.
From my understanding, many things driving the price down at the moment. Wont get into all that. But watching the market closely. Some good alts follow the same pattern as btc, so i saw no point in exiting alts, instead swinging them every chance i got.
And also when btc bull runs to 18k to 19k , alts will rally alongwith btc, the good alts, not the crappy ones. But if history is any indication, alts will fall off a cliff, if btc continues to make that run beyond 20k.
That would be the time i would jump back into btc. Just my strategy going forward.
Great video, great content.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your comment and thoughts, glad to have you interact!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm always amazed about people like that guy on twitter at the end of the video. Do they actually follow a YouTube this evangelical? I'm watching these guys like DataDash and CryptoInvest to essentially get a second opinion on things, not to tell me when to buy, when to sell and so on. Think for yourselves sheeple.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My problem isn't emotions. Since entering crypto, I've learned I have the ability to be stoic, disciplined and patient. My biggest question is allocations between BTC and other high quality HODL-type alt coins. There are alt coins out there that are attractive too in periods like this and determining how to allocate among BTC and the higher quality alt coins presents a challenge when capital is limited. Great video and I enjoy your view. You're among the best of the best out there.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
HODL = TO THE MOON
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Let the mokking begin
Watched your last video, I like your style
What about 23K? hehehe
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great video and information.
Bitcoin only correcting itself, market still new and we are only seeing the start.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow what a crazy week, I bought in at 11751 thinking I bought the dip, should have been more aggressive, definitely lesson learned.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
11k for me but a second tranche coming around 9k and 8.5k. these are USD numbers but I trade in EUR on GDAX.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The real question is " WILL U STILL COMMPLAIN ON BITCOIN TRANSFERRING FEE IF IT REACH TO 2-3K" ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I struggle to understand why you will be buying so much BTC at 8k when you state it will still be fundamentally overvalued.
I really enjoy your videos and for future ideas i would not like to see videos like "How to buy BTC for beginners" but essential financial/economic lessons everyone should have a good grasp on.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Jim Rickards said the whales will sell long futures and dump their BTC and then buy it back at the bottom.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wanted to buy, I saved up for this dip, ONLY that coinbase is not letting me buy. I not sure what else I need to do to get fiat in. well well, have to buy the next dip then. =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
All of the ALtcoins did worse than Bitcoin during the last few days. That should tell you something. Even Ripple did lost out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What do you mean "even" Ripple lost out? Of course it did.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I heard but did not see that Ripple wasn't effected. I guess I was wrong.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
These are difficult times but we either believe in cryptocurrency, its use case, and its technological implications for the future of commerce, or not. If you don't believe in that then you shouldnt be in this space. If you do, and I do, then buying this dip is best.
But again, you have to first decide if you are a blockchain believer, or not.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you think the crash is over, you are not paying much attention.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I really appreciate your thoughts on this market.
Don't you think scams like bitconnect/tether and dummy crypto coins damage cryptocurrency credibility to a point of no return? reading some white papers make me laugh at the price action those coins have.
At what point do you sell all your crypto portfolio? im thinking that if it goes bellow 5k ill get out of entirely.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why do altcoins' price fall with bitcoin's price?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We had that bounce at 9000. Wonder if everyone was expecting 8000 so they put their buys a bit higher? Anyways, bitcoin seems just about locked and loaded so we'll see.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Its psychological, I guess everyone is putting their buys a bit higher to actually be able to purchase at that level.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hi...which alts are you watching?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for this post and all your other posts. I find it very useful and give your opinions much more weight than others. So many social media crypto investors do nothing but push bitconnect and or other get rich quick schemes. I would like your opinion on a strategy I am entertaining using. The way I see it steam Maybe the best investment in the crypto space. My logic being that this site is here for the Long Haul and the value of steam has been in a steady upward climb. So investing in Steam may not get you rich quickly but in the long term I feel that it is a safe investment. And the world so desperately needs a replacement for all of it's social media platforms. With all the censorship taking place across all social media, steem provides the answer. Not only is it decentralized and censorship is almost impossible but it is the only platform I know of that pays you to use it.
So these things along with some others make me think that a long-term investment and steem is a good idea.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
in my opinion, 9500-9800 is also a great position to get in. I mean, get in hard!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm also excited when BTC dips like this cause I am still a strong believer that the bullish times are just aorund the corner. Bought in at $10.1k and will sit back and relax for the remaining week. I'm really curious if BTC will actually go down to that magic $8k level or won't even touch it. My train of thought was the same as most people's here in the comments: Ending futures and South Korea + China aftermath are the most likely catalysts for this dip. But I still consider this to be a dip and not a falling knife. But let's see how this ride will continue.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I Agree!
The only way is to buy and buy more on the way down.
$8k is a strong support, however I do believe it goes little beat down, to find support at 200 EMA.
Keep up with the good posting!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What alt-coins are you watching?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
For me its Ether and LTC.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Get in on that juicy sub $1000 bitcoin coming soon.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I personally thing the next boom will be in the platforms we are in a phase were the windows of crypto will be determined will be ada, EOS, stratis , Qtum . I personally see these blood baths more as an opportunity to improve my position or acquire new positions .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm as excited as you are, it's really an incredible situation that tests the investors that we are
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Guess you didn't get to buy in the 8k, at least yet.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
CI, as always, thanks for perfect content! The emotional state is extremely important in that kind of business. Here is one book I would like to advise regarding that topic. The Disciplined Trader. You can find my post about that book behind the link. It is 100% about the psychology behind the trading.
Trading is exciting, risky, profitable, anarchistic (last but not least) but sometimes you just feel sick of these emotions, lose your head, sell low, buy high and so on.
As CI said, if you feel bad with that kind of emotions wait for the next leap, sell on top, but do not quit without reading the book.
Gook luck!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I also have plans to purchase more Bitcoin at the $8K level. However, since everyone is talking about doing the same, it now seems less likely that we will reach that level.
Markets never do what the masses expect them to do. So because of that, imo, it now seems less likely that we will actually get there, unless of course there's some bad news etc. And if the price starts to move up again, then all these people who were waiting to but at $8K will get FOMO and be forced to buy higher, creating a huge rally. Will be very interesting to see what happens. I'm good with either scenario!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
aka crypto investor cashes out of bitcoin. I'm going to comment every video with evil crypto investor cynicism.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting video, but I would suggest investing at least 25% of the amount of money you were reserving for 8k$ per bitcoin. That might not happen if this bounce is steady. We might be at the bottom of this dip, there are already many coins going 20% up in the last 24h.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is what makes the crypto-bubble so different from any other bubble: These constantly repeating temporary bubble-minor-pops are repeatedly washing out the fastmoney-and-not-believers and testing and confirming the increasing general trust in the crypto revolution. Thus I more and more believe, this bubble will never really pop.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sorry to be off topic here, but will/could you make a video or provide me a paragraph with your thoughts on longterm ADA?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why do you say there's "So little fundamental value" to Bitcoin?
without making a very clear case for this (Which I've missed) you sounds like a subtle fudster.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I made a small profit on this correction, it's exhilarating. 🙌
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Here's my take. Current marketcap $579B. When the Wall Street boys got into crypto is was back around $157B or so this summer, and they said look at our new toy. Well they pumped the market cap to nearly $800 B with one purpose in mind. Infiltrate the market with their capital taking major positions in BTC, and alts. Then they cut loose their bots... playing with dropping the market, and we saw $100B disappear seemingly overnight, and creating 20% dips here, 20% runs in alts there. Naturally a bunch of folks took out short positions with the new futures trading and a conglomerate fulfilled those dips in BTC value and collected on their contracts. Can it be put to you more succinctly? Our future is trying to judge future trading, which I believe 80% of those trades will be done by the bots on coins/tokens they target. Our success will be trying to navigate that in the coming years as their capital drives the value of coins/tokens.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks for this, bought in just over 10k and only wish I had more cash on hand to take greater advantage.
Honestly will be hoping for more dips in the short term to strengthen my position.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I like that we broke to the downside and I hope to stay within this 10-11K range for a while. A huge spike to the upside would be unhealthy and just another cause for concern for another tank. When we had that mini flash crash back in December, everyone thought the worst was over and we were going to the moon. Many of my friends are first-time investors and have no idea how price action works. I knew there would be more downside and you even said so yourself in your videos. Now that we hit this huge downside, I do think we will have some new money pouring in that will hopefully get BTC up to 20K and beyond.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just want to thank you for your intelligent contributions to Crypto. You are a beacon of reason amongst a sea of nincompoopery.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Which alt coins are you watching closely? Salt and OMG?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://imgur.com/a/VbBuC#7HqIxan Weekly Chart usually bounces off from Ichimoku's Base Line. And it is repetitive. After which we can see at least for 7 weeks consecutively gains. I bought at the moment price touched the Base Line as on weekly chart this is a very strong support.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm pretty sure bitcoin is gonna bounce back. Love the video :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In the youtube description associated with this video, one of your wallet recommendations is the ledger nano S. I just got a nano S, and the setup of the bitcoin wallet app asks to select between the segwit and legacy blockchains. Do you happen to know if a wallet configured in either mode supports standard bitcoin and what the differences are?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey @crytpovestor, If you have the time, I'd love to hear your thoughts on NAS. I think it has all it needs to be a top 10 coin by March.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@cryptoinvestor futures expiration may not be the main issue. I trade futures and there is an array of different contracts with different expiration times traded at the same time. Also you can close position in expiring futures contract and jump on the other one. So expiration date is not the main driver of the recent marker crash.
BTW great content, I always watch your videos!!!
Please upvote!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@cryptovestor, When I was trading my own FX account for a living, I would not have done so without the Fibonacci Retracements tool. Many FX pairs were prone to deep retracements:- 61.8% was a regular bounce level and even 78.6%. I don’t think Bitcoin will behave very differently. I’m looking at a completed pattern from this time last year to Bitcoin’s high. If the market gives back 78.6% of those gains, then a large number of crypto participants will be in for a shock.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
To all who are panicking, just to comfort, we need to understand that we have invested in a technology. Take any example in past and all new technologies have gone through their ups and downs. those who were able to sustain only remained successful for a long time.
I am sure if you believe in Crypto, this time will pass. There may be more such news FUDs coming in future, which will create panic in market.
I myself feel that even someone who had bought BTC at 18k , if HODLs it for year or so will no repent it.
If you had invested in solid alts, lie ETH, NEO, XMR, PIVX, CVC etc, then even if they fall 80%, you will ne fine. Because these projects will be there untill next 4-5 years and you will get your returns over the course.
One of the things that I like about Cryptovestor channel is that he says things which have to be said. He is among the only few channels who always promote only good Cryptos, unlike others who just sell any crap to get like, views and comments.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit