Bitcoin: Get ready for Christmas pump and dump

[Stable Genius]

Every day I'm HODLing....

 

[Beeboom]

I bought btc last year when it was at peak and just next day it started dropping.

 

[Kambaggo]

 

[BassTrackerBoats]

Maybe just a dump?

Bitcoin prices collapse during holiday season​

There are some serious things I want to cover without ruining the holiday season.

The price of bitcoin collapsed down to around $6,700 a coin this week. Why? Because bitcoin and other digital currencies are a confidence game. And confidence in its value is eroding.

Also, Boston Federal Reserve head Eric Rosengren was yapping Tuesday after a speech to the Forecasters Club in New York, expressing concerns that the Fed’s interest rate cuts were causing high asset prices and excessive risk-taking.

Back in the late 1990s, people couldn’t understand why Fed head Alan Greenspan was so worried about inflation because they weren’t looking — as he was — at “asset inflation.” Then the stock market collapsed after the dot.com bubble and they understood.

I promise to dig deeper into these rich veins — after I lose the holiday spirit.

https://nypost.com/2019/12/18/bitcoin-prices-collapse-during-holiday-season/

 

[Deleted member 1333509]

Maybe just a dump?

Bitcoin prices collapse during holiday season​

There are some serious things I want to cover without ruining the holiday season.

The price of bitcoin collapsed down to around $6,700 a coin this week. Why? Because bitcoin and other digital currencies are a confidence game. And confidence in its value is eroding.

Also, Boston Federal Reserve head Eric Rosengren was yapping Tuesday after a speech to the Forecasters Club in New York, expressing concerns that the Fed’s interest rate cuts were causing high asset prices and excessive risk-taking.

Back in the late 1990s, people couldn’t understand why Fed head Alan Greenspan was so worried about inflation because they weren’t looking — as he was — at “asset inflation.” Then the stock market collapsed after the dot.com bubble and they understood.

I promise to dig deeper into these rich veins — after I lose the holiday spirit.

https://nypost.com/2019/12/18/bitcoin-prices-collapse-during-holiday-season/

The greater the consensus that a large upwards move is coming, the more chance that whales will pull downwards.. because it's logical. The more positive sentiment is, the more inexperienced traders will hodl even when it starts to erode, the more revenue whales are able to make from bringing it down.

IMO there's significantly more chance that Bitcoin is going to continue downwards throughout the next 6 - 9 months than there is that it's just about to recover.

 

[Coastline17]

Booted up my Ledger nano, for this. It's been a while. About 5 updates old lol.

 

[SearchEnginers]

I already invest bitcoin for last 3 months ago. Let's hope to increase the rate.

 

[Leroux]

Everyone's expecting the pattern to repeat, which usually causes the inverse. While everyone is waiting for the dump to buy in, the price suddenly jumps instead of crashing.

nicely said.

let's see if history repeats itself or not.

 

[bartosimpsonio]

nicely said.

let's see if history repeats itself or not.

And it did repeat.

Everyone thought it'd dump 30%, it suddenly shot up.

A LOT of folks are waiting to buy. Look at the book depth on popular exchanges.

Although skeptical of cryptos, I might jump in for a quick profit.

 

[serveria]

And it did repeat.

Although skeptical of cryptos, I might jump in for a quick profit.

Bitcoin is not like other cryptos. Bitcoin is the king.

 

[bartosimpsonio]

Bitcoin is not like other cryptos. Bitcoin is the king.

But wasn't BTC supposed to be worth like 100k by now? Someone said they'd eat their own D if it wasn't.

 

[dichotom]

I had transferred Btc on 17th December at INR rate 470k to my PayPal and the next day it was 500k above. Straight 6% up. I feel like what the fuck. Anything can happen at bitcoin. Though some people were saying that it will get some jump during Christmas time and it did. Don't know it is because of Christmas or any other factor.
The amount was 34k INR so its 6% is around 2k rupees. I have done it because anything can happen to bitcoin price. So despite i was feeling tired that night I woke up just to do it. The next day I saw the price omg. Anyways the amount was still decent for me. But as i said anything can happen at bitcoin rate.

 

[WatchMaker]

But wasn't BTC supposed to be worth like 100k by now? Someone said they'd eat their own D if it wasn't.

Lol, Mr. McAfee is a douchebag! He's full of shit

I once listened to him and lost big on Docademic (MTC)

 

[bartosimpsonio]

Lol, Mr. McAfee is a douchebag! He's full of shit

I once listened to him and lost big on Docademic (MTC)

Would you say that to his face, in person?

 

[Unrealworld]

I remember myself back in 2015 when the price was 200$ and I earned 3 bitcoins from faucet sites. Then I did the biggest mistake, I sell them. Now I regret it. Anyway I don't think anymore about bitcoin pumps cuz now is already popular and many people invested in it and waiting for pumps. Only if most of you will sell it can expect pumps.

 

[serveria]

But wasn't BTC supposed to be worth like 100k by now? Someone said they'd eat their own D if it wasn't.

No, stop spreading fake info. He actually predicted 100k by the end of 2020, later he changed his prediction to 1m by December 31, 2020. So D eating will happen in a year (if will happen at all).

 

[bartosimpsonio]

No, stop spreading fake info. He actually predicted 100k by the end of 2020, later he changed his prediction to 1m by December 31, 2020. So D eating will happen in a year (if will happen at all).

Where did I spread fake info?

To make it to 1 million in 2020 it should be at 120k right now IIRC.

 

[serveria]

Where did I spread fake info?

To make it to 1 million in 2020 it should be at 120k right now IIRC.

Where? Right here:

But wasn't BTC supposed to be worth like 100k by now? Someone said they'd eat their own D if it wasn't.

No, it wasn't. Bitcoin growth is not linear. Haven't you heard about Bitcoin's parabolic moves during the previous cycles? It can be 7k today and 70k in a week's time. And for D eating there's only one condition: if they price is below or over 1m on December 31, 2020.

 

[serveria]

I remember myself back in 2015 when the price was 200$ and I earned 3 bitcoins from faucet sites. Then I did the biggest mistake, I sell them. Now I regret it. Anyway I don't think anymore about bitcoin pumps cuz now is already popular and many people invested in it and waiting for pumps. Only if most of you will sell it can expect pumps.

Everybody and his cat was saying exactly the same during the previous cycles. Bitcoin is $600 (for example) now it can't grow and many people invested bla bla bla... still somehow BTC manages to ignite another parabolic bullrun every time.

 

[scalli]

Just wait for 180 days for BTC halving, Invest now! While you can and you will gain a lot of money in this year!

Don't you think the halvening is already calculated in the current price?