Bitcoin Top?

syswizard · Dec 10, 2017

Wild action in BTCUSD tonite....now up 884 (6.04%).....
Can't even log into the CBOE website....it's locked-up....

syswizard · Dec 10, 2017

syswizard said:
Wild action in BTCUSD tonite....now up 884 (6.04%).....
Can't even log into the CBOE website....it's locked-up....

Wait....now up 1154 (7.90%).

Cuddles · Dec 10, 2017

calling 1800 by midnight

johnarb · Dec 10, 2017

Pekelo, good entry point on your short? Come and get it

Cuddles · Dec 10, 2017

johnarb said:
Pekelo, good entry point on your short? Come and get it

No joke, we need some ET talent to get some skin in this game...

Pekelo · Dec 10, 2017

johnarb said:
Pekelo, good entry point on your short? Come and get it

Come on, I saw the giant symmetrical triangle on the 5 mins chart, that means continuation.

I know how to read a chart...

Illini Trader · Dec 10, 2017

truetype said:
View attachment 180183

You just made the absolutely perfect case to buy Bitcoin. WOW did you nail it. If the cost of a Big Mac goes from 1500 USD to 4 Million USD from the time it takes to drive from the order window to the payment window, I wonder what Bitcoin will be worth. Congratulations on a beautiful post!!

Illini Trader · Dec 10, 2017

Peter10 said:
bitoin going up forever is impossible, the vast majority the bitcoin buyers are just speculators and remember that speculators buy to sell in the future. It is just very difficult to identify the peak price.

The USD is designed by the Fed to go down in value forever at 2% per year so why is it unreasonable to believe that Bitcoin with a fixed supply will not go up forever?

Overnight · Dec 10, 2017

Illini Trader said:
The USD is designed by the Fed to go down in value forever at 2% per year so why is it unreasonable to believe that Bitcoin with a fixed supply will not go up forever?

Douglas Adams addressed this stuff 40 years ago, man.

https://ftalphaville.ft.com/2017/11/02/2195470/the-hitchhikers-guide-to-cryptocurrencies/

syswizard · Dec 11, 2017

Pekelo said:
There must be some kind of "sector rotation" in cryptoland, because BTC has dropped in the last 3 days and LTC is up 50%!!

BTCUSD up 13% on the first day of futures trading. However, the CBOE shows that GXBT contract only up a fraction of that...WTF ? Can anyone explain ?