Hey Carola! Goldman Sachs bought Poloniex - this says it all to me. More manipulation is coming for sure! I expect BTC to be pumped and later dumped again with about 60-70%. Could reach even 100K this year, than collapse to 30K, etc. I also believe this might be the year of NEO, Ethereum,EOS, Lisk, Ark, Komodo etc - platforms, generally speaking. We'll see.
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Hi Alex,
Always nice to hear from you!
Do you really think that btc is in the hands of a smaller group and that they can rule this market? Something in me says that btc can actually go to 100k this year. It is a nice list that you mention I have only lisk, 45 pieces bought around € 8, -. I should have taken a 50k profit for the crash and reinvest. But oh well I did not and they went up in smoke :-). So new round of new opportunities.
Greetings
Yeah, I think a few people have many bitcoins:
http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-value-plummet-100-people-cryptocurrency-whales-invest-a8104421.html
What is happening with bitcoin is what has happened to distribution of wealth in general in the world - a small percent of people in possession of a huge part of the pie. After the crash when bitcoin plummeted to about 6K I believe that this small group of 1000 people possess even more bitcoins now. If the price drops to a newer low this year, it will be so that they can buy even more, cheaper bitcoins.
However, I haven't checked on what's the percentage of so called ''true believers'' in bitcoin technology - those guys who won't sell bitcoin even if it hits 100K - those whom I call ''the idealists''. Still, I think the percentage of them is not that big - obviously most people sell in panic as we witnessed this year.
Oh, you are in the Lisk camp then! I am in the Ark camp and there is some animosity between them (I am not part of it though as I find it silly, plus I like both projects). I also don't have many of the above-mentioned coins, but plan to buy more when I make some gains from other coins, or if I get tempted to spend more fiat.
I made the same mistake - did not sell and now have to mostly wait. But there will be a new cycle, it is a matter of time! We can help each other this time and share opinions on when to sell.
Cheers, my friend!
Hoi,
Yes I think your right.
Thats also means that that group of people can then e.g. make big profits by taking out btc futures contracts....
yes let's help each other that's a nice idea.
But I also read a story of a crypto-millionaire his advice was: buy, save and no longer look at the course for a long period ......
greetings
Hey Carola, how are you today?
This crypto-millionaire guy is probably right, but if you can trade the ups and downs you are going to get even richer. Easier said than done though :)
Hey Alex,
How are you?
I am feeling like AAAAAAHHHHH we are going down again
The alts did not recover as well as btc and if btc drops they fall hard again.
Another few of these hits and little remains :-(
Hei Carola. I kind of expected a little dip and I think bitcoin is going even lower today and probably tomorrow. I don't think we are going below 10K though. Bitcoin has to breach 12K soon so that we confirm a bullish trend towards 15K or even higher - I think it will. The alts will probably recover a bit after we cross 13K or more in my opinion - they always lag behind bitcoin. I keep some cash (about 10% of my portfolio) in fiat and am ready to buy if there are more dips - I am keeping an eye on steem and cardano mostly, or I may decide to add a few more Ark, or TRON. Just give it some time and things will get better . I think the next bullish cycle won't start before April - in March may be some modest growth in the alts. I remember last year I bought my first ethereum and litecoins in late July and it was in late November we saw some significant growth. We should be close to the end of the bear market and see the bulls soon! However, if bitcoin falls below 9090, I might start to be worried - just something I keep an eye on.
Hi Alex,
Thank you so much for your reply! Okay, I hope you're right ...
Yesterday I looked at a kind of ta on tradeview. that guy compared the btc crash 2018 with another crash the patterns were pretty much the same. He told us that we are now in the hopeful phase. But that in reality we are still crashing. At the end of the video he told which crash it was on the left image. It was the btc crash of 2014 .... So I was watching a horror film, lol. And maybe I should not tell you now because now I'm making myself guilty of spreading fud, hahaha. Sorry I hope that nobody else reads this, well this is an old post so I do not think so. I really hope that Salah gets right and that we will soon see the $ 20,000,-. I have to go now, bye bye
sorry, film = movie
and besides I also have cardano and i am watching Ark