As long as she is always in the mood for some action... 

Do you guys think we'll see another dip before next week or it's just going up from now?

It was just a warm-up stretch for a new ATH  

I started shorting Bitcoin. Kinda weird to say but I hope BTC dies.  Take profit target at $3k.

Good thing I hedged my shorts. Very suspicious how it hovered around $4k for an hour. Then a $100 pump in 15 minutes. Bitcoin is such a wild animal. I'd lose my shit daytrading it.

Play with fire and you get burned sometimes I guess...
The GS prediction makes me feel less bad that I have an open hedged short position from back in the day when BTC was $3960.

@Mrpumperitis: Are you saying shit is about to hit the fan? When big money is at stake I trust nobody's opinion, only the facts count.

I do intend to catch that movement though if it actually DOES happen. We are not close to $4800 though. It might turn into a self-fulfilling prophecy if everyone gets scared as we approach it.

Now I understand why you would condone that +5% BTC drop...you are invested in BCH. I can give you my humble opinion. It looks like a squashed bug between two pages of a heavy book called Bitcoin.

Profit taking? Today one year ago Bitcoin was $580. That's 8X your money.

I just thought about all the whales and if a big shot decides to liquidate his positions. But then again I don't know what the consequences would be.

What was that in January? Did the Chinese sell their Bitcoins because it was the new year? That was a ~30% correction and I was in the middle of it. If something like this happens again we have our impending doom moment.

Flying above €4000 now! 

Where's the bottom?

Edit: It went down to $4760 and is now moving back up. I think this is what the Goldman Sachs fuss was all about. They were wrong imho and Bitcoin is now moving to $5k. Loaded up on a few coins (trading) but you really start hating yourself when you lose 600 bucks because you click the wrong button on a fucking trading platform.

Totally. When your balance shows zero the brain goes in overdrive: "Did I get hacked? Did one of my positions without a stop-loss go bust? SOMEBODY NEEDS TO DO SOMETHING!". Usually you're just logged into a guest account or something. Or the data didn't load. But when you can make money at the click of a button you can also lose money at the click of a button, too.

Another erection takes Bitcoin above $4900. We barely had any time to get to know $4800 and now it's already time to say goodbye.

I totally agree. What an ignorant comment. Not everyone has a $30 million annual salary that they can just "not care" about Bitcoin. Such arrogance in his uneducated opinion.

So cringy to read. And then add sources to make it look like a legitimate article. There is no real I/we in science. It's objective.

That's so fucking deep. Bitcoin is not becoming expensive, fiat is simply becoming its bitch and it's bringing the power from the banks back to the people. Hallelujah!

Price hovering around $7000. Good entry point, almost 10% down from ATH. I'm waiting for lower lows. With the imminent uncertainty I'm sure we'll get some more buying opportunities.  

Stocked up on that bounce.

On board the 8k CHOOCHOO now.
Fiat = Deer in headlights 

Same thoughts here. If only I could take up a credit of a couple hundred thousand dollars.

$9300. Only $700 to go. Piece of cake for Bitcoin 

That's a perfectly valid thought you are having. If I had a house I'd sleep in a tent for a while while, sell the house and through the magic of Bitcoin wake up in a mansion a while later.

Certainly not selling a single Satoshi at this point. Even if debt collectors punch my door in.

We are already seeing the effects of post 10k growth. One Bitcoin hiccup = $100+

I bought Bitcoin 2 days ago at €7000/BTC, now it's almost at €7800+/BTC. That's 10%+ gain in 2 days.
As a millenial I will never understand traditional investors who talk about a "good" rate at 6-9% annually and thanks to Bitcoin I probably never have to. 

I'd also rather be a miner but don't have the infrastructure to that. Go big or go home. Buying Bitcoins is the second best thing I can think of. Of course the increased difficulty and lower rewards will give you less and less Bitcoins but the price keeps increasing so that makes up for it. But there is a centralization effect happening with Bitcoin in the sense that big miners are forcing their smaller competitors out of the marketplace by constantly reinvesting in better infrastructure (mining gear) - which the average Joe can't keep up with and therefore his mining power keeps decreasing. So in the end there will be a few top dogs and a few "hobby miners" I guess.


That's the reason why these mongrels are scared of Bitcoin. They are becoming irrelevant.

Just saw it too. 15k by Christmas?

That's quite a mouth full.

This might be off-topic but do some of you more experienced guys recommend mining to the average guy who can‘t get more than 10 miners or should we just stick to buying and holding BTC?
I don‘t know what I‘d enjoy more. The noise of S9‘s mining in my apartment or just watching BTC grow.

Ugh, that‘s really nasty. S9‘s are cheaper now though, 1.4k but it doesn‘t leave much room for error. If the price of BTC drops bagholding isn‘t much fun and having headaches with those miners neither. I guess I‘ll pass



Then I stick to buying BTC  

Thanks for the heads up.

And he deserves it! Such repetitive humming noise can be very meditative. He deserves a peace nobel prize.

EDIT: Back on-topic. We may soon be aiming for new ATH. Get the champagne ready if you aren‘t still drunk from the last bull run. At 15k I‘ll pop a bottle and drink a glass for everyone who wants to join in. Wish you all an enjoyable Christmas season.

Holy crap. If the interest stays at that level there will be a Tsunami.
It's most likely because every news covered the fact that Bitcoin bulldozed 10k.

Time dilation happens when you are traveling at the speed of Bitcoin

Took only 5 days. Silly me thought I had time until next year. But no-one took me up on the offer so here's a toast to 15k USD per Bitcoin and congratulations to all the investors.

Haha, yes, it's not real champagne because I don't really drink alcohol. But there are bubbles in the drink.


Cheers!

Paid for with Bitcoin money...so it's free? Still haven't figured it out.



P.S.: YESYES I thought about the bubble joke but it's so cheesy.

Unfortunately my bitcoin holdings are vely vely tiny but if I were the Winklevoss with (how many?) 100k coins I'd start selling now and keep 20% or so. The price is going into the absurd and it's not sustainable. How many billions do you need to live? 1 should be enough, no? You can't really eat money. Or is that just my middle class programming speaking?

I could tell that story right now.  If I had left everything in Bitcoin THIS YEAR I would have made more money than any of my other Altcoin "investments" + trading (where I lost even more money because of high risk). Lesson learned: Never take advice from boneheads. Especially not in the crypto world.
But I think it's really unhealthy to think that way because the moment you make a decision that information is not available to you so beating yourself up for it later is really just as stupid. Just learn from mistakes and move on.

Blood in the streets. Everyone with fiat can get a huge discount now.
But who knows why this is happening? People cashing out for christmas and others selling out of fear? Or is this WS market manipulation in full force now that they have their foot in the door?
I thought the only way was up and don't like to see BTC like that It's gonna be a while until we're at 20k again.

Exactly. I can already smell the slimy, sleezy bankers farting in their chairs. Don't give them your toys.

We all just traveled back into the past to get cheap coins. Don't you know this is supposed to happen? It means our time machine is working!

If you ever talk to a Christian who thinks nobody knows where the devil is hiding you show them Wallstreet on a map.

Will buy sub 10k, won't even flinch right now.

You mean someone sold 111424 BTC in one fell swoop? Sounds awfully close to the amount the Winklevoss have been holding. 

Positive.

It's probably not the reason. And as someone pointed out 1 contract is 100$, not 1BTC so it's not $1.3B. But I think if it was $1.3B it could have a similar effect when there is low volume imho.

I remember last year around the same time the same thing happened and BTC crashed quite hard and took until February to recover. Now looking back at the chart it was just a speedbump.

At least we have front row seats.  And tell stories to our great grandchildren about how we were there.

It's not hope. It's knowing that circumstances don't matter, only state of being matters. This attitude is unconquerable.

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Yep. Bitconnect is dead I guess. Everyone who saw videos on Youtube of their conference knew it was a scam. This guy has become a meme now.
The early people certainly made a lot of money there and the general populace got burned. That's why we should sometimes listen to our fellow crypto lovers when they have our best interest at heart.
Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.

I'm not even saying Bitcoin didn't have worse days because it has certainly been going through a lot and came out on top. This past year has been a gold rush for Bitcoin and if it did crash back down to really low prices I think it would destroy a lot of confidence in the market. People might discard it again.

And I agree on another post that Bitcoin should be USED. It's the closest thing to digital cash I have ever owned. But the transaction fees have been way too high lately. That's why I like Litecoin. 

Might be your lucky day. Bitcoin getting cheaper and cheaper.

Woah, look at all that green! Went to sleep for a couple of hours and BTC is back in the saddle and all but 2 coins in the top 100 are in the green.
Congrats to everyone that bought the dip and shame on every weak hand that thought the sky was falling. If you sold at the bottom you will likely do it again.

No insult intended. Sometimes you gotta pay the bills when timing couldn't be worse - at the low. Knowing full well you just paid twice as much as was needed.

Thank you for your offering to the crypto gods. (Is there a name for it? Maybe honeybadger?). It has been received.

I can always say: "I thought about buying/selling at that price" because often it did cross my mind to buy the bottom or sell the peak but then I never execute. And as valta pointed out, you can buy anywhere right now and will be in the green once Bitcoin starts testing the old ATH.

Let's see if 5k holds.

On a positive note, 1 Bitcoin is still more than 4 times more valuable than 1 ounce of gold.

That article is massively out of whack. Bill Gates appears twice, the sample is way too small and the hypothesis seems forced.
The average income has much more to do with who you surround yourself with than with your IQ.

And I doubt that most homeless people have such low IQs. But if that actually were the case (globally) then we'd have a strong indicator how to prevent homelessness (education).

Oh yea, and blacks are also racist. How you deal with that?

...how I hated quoting that entire thing. Would also rather remain on-topic.

No paper to support my brain fart. But let's just say that rich people would agree. "You are the average of the 5 people you spend the most time with." - Jim Rohn.

I do believe education can improve your IQ. It's an arbitrary scale anyway and if extended exposure to complex subjects forces you to concentrate more you will also score higher on IQ tests. You can definitely train for that shit.
And the assumption that homeless people are less endowed mentally is about as shallow as judging someone by the color of their skin. And I refuse to believe Logan Paul has above average IQ.

Man, now the stars are finally aligning for me again as I have cash on the side and price is dropping. Will step in sub 8k. Maybe it'll crash even harder. The bears are good for something once.