Bitcoin Price Tracking & Discussion -- 2019

[ChuckyTheGoat]

Had a little bit of a dip earlier today but it's bounced off resistance at about $11100. I'm going to go out on a limb and say we trade sideways between $11,000 and $12,500 for awhile.

Getting crippled right now. $10,760.

[Weems2k]

It's been all over the place since peaking at almost 14K just a few days ago.

[ChuckyTheGoat]

It's been all over the place since peaking at almost 14K just a few days ago.

Yep, the volatility is insane. Back up 4% now.

[TheMoneyShot]

Don't know how you could even trust a PO from a book??? You might get it on a severe downswing.

This is why books need more consistency when paying out Bitcoin. Can't watch your damn wallet 24/7 when you need to work and sleep. Ridiculous.

[Sam Odom]

$10,599.32

Up 22.6% last 30 days

[Sam Odom]

Can't watch your damn wallet 24/7 when you need to work and sleep.

Sometimes you do

Being a Pro aint easy ... Thats why Sammy is semi retired

[BeatTheJerk]

It's about to go under 10k any moment now. I'm thinking about buying back @ around 9.6k

[BeatTheJerk]

Buying back in @ 10.4k fuk it.

[BeatTheJerk]

Bitcoin in stagnant water, not a bad place to be.

[icon]

Don't know how you could even trust a PO from a book??? You might get it on a severe downswing.

This is why books need more consistency when paying out Bitcoin. Can't watch your damn wallet 24/7 when you need to work and sleep. Ridiculous.

Price volatility is another valid reason why bitcoin is not ready for mainstream use.

Most people are risk averse - unlike posters here that are hard core gamblers.

[hotcross]

Don't know how you could even trust a PO from a book??? You might get it on a severe downswing.

This is why books need more consistency when paying out Bitcoin. Can't watch your damn wallet 24/7 when you need to work and sleep. Ridiculous.

Need patience, meaning don't NEED to cash-out until the price stabilizes

If you got funds sitting in a book, wait for bitcoin price to settle in somewhere....it always does, eventually

Assuming you just want dollars for dollars and don't care about holding coins, then it means you don't care what the price of bitcoin is when you cashout...you just want the price to be stable

Then request your payout and get it to whatever account you have to convert it to dollars as quickly as possible

Right now you see the wild price volatility. So just wait for it to settle in sideways price action.

[Sam Odom]

$11,783

Up 51% last 30 days

[hotcross]

One Month ago on June 14, price was on the uptrend at 8700

Reached high point 13,887 on June 26

Low touched 9600 on July 2

Wild swings in these past 30 days, with today July 14 bouncing off 10,275 at one point

[Hman]

One Month ago on June 14, price was on the uptrend at 8700

Wow

Sure seems like it's been longer than a month since that price

[ChuckyTheGoat]

Wow

Sure seems like it's been longer than a month since that price

The volatility on this stuff is not of this world. Unlike anything else. You're right, a price like that seems like MOONS ago.

[Sam Odom]

last 3 month

low : 4950

high : 13840

current : 10440

Up 102%

[ChuckyTheGoat]

last 3 month

low : 4950

high : 13840

current : 10440

Up 102%

Good update, Sam. Sam is the man of reason.

One truth about this volatility. There's surely at least one more BAD dip coming. Can a mortal man endure it?

[Sam Odom]

a short term 'bad dip' could very well come after an up turn ... but who knows

[ChuckyTheGoat]

a short term 'bad dip' could very well come after an up turn ... but who knows

"All we are is dust in the wind."

[ChuckyTheGoat]

last 3 month

low : 4950

high : 13840

current : 10440

Up 102%

BtC +3% since your post, Sam. Show me another class that behaves like that.

I will say that BtC rebounds very well to dips. Doesn't stay down too long.

[Sam Odom]

may test 14000 again

[TheMoneyShot]

I remember the train wreck from 18.5 all the way down to 11.8 and I had to get out. Then we went under 10k.... and then well... we know the story.

If it can hold above 10k. You'd consider the coin to be solid this time around.

If it can't hold.... don't know how you could estimate this coin to be anywhere above 20k+ ever?

The popularity should be RIGHT NOW. Definitely shouldn't be decreased... at all.

Let's see if it can hold around the 10k marker.

[hotcross]

well, I think it will definitely breach below 10k here soon....have my sights on 9500 zone....for now

[ChuckyTheGoat]

I remember the train wreck from 18.5 all the way down to 11.8 and I had to get out. Then we went under 10k.... and then well... we know the story.

If it can hold above 10k. You'd consider the coin to be solid this time around.

If it can't hold.... don't know how you could estimate this coin to be anywhere above 20k+ ever?

The popularity should be RIGHT NOW. Definitely shouldn't be decreased... at all.

Let's see if it can hold around the 10k marker.

Shot, I think you're spot-on. BtC is too well-known by the fringes now. The rebound on the dips is pretty strong.

I really don't think it will dip below $10k any time soon.

[d2bets]

Downward since Trump Tweet Trash last week. Trump may try to ban bitcoin.

[ChuckyTheGoat]

I may have spoken too soon. Dipped under $10,200.

[Hman]

I've read that alt coins will strive when Bitcoin rises, and I've heard the opposite that Bitcoin has no bearing on alt prices.

When Bitcoin rose from $8,000 to $13,000 recently, so did just about everything else.

But even with Bitcoin holding somewhat steady, the alts and others are falling heavily.

So which is it???

[TheMoneyShot]

I've read that alt coins will strive when Bitcoin rises, and I've heard the opposite that Bitcoin has no bearing on alt prices.

When Bitcoin rose from $8,000 to $13,000 recently, so did just about everything else.

But even with Bitcoin holding somewhat steady, the alts and others are falling heavily.

So which is it???

I find it odd as well Hman. I'm not a trader at all... probably don't even know any angles.... but I can conclusively say... it doesn't make sense when Bitcoin climbs.... so does other ALT coins. When Bitcoin falls... other ALT coins do as well. But it's evident.

It's hard to distinguish which ALT coin would do well on it's own... that's why when I do invest... it's only in Bitcoin. Everything is a hunch.

Bitcoin would be the only coin to survive on a total collapse. Again... just my opinion.

[jjgold]

Bitcoin goes up
And Down

[lotuspod]

I've read that alt coins will strive when Bitcoin rises, and I've heard the opposite that Bitcoin has no bearing on alt prices.

When Bitcoin rose from $8,000 to $13,000 recently, so did just about everything else.

But even with Bitcoin holding somewhat steady, the alts and others are falling heavily.

So which is it???

It depends a lot on if you value alts in usd or in sats. IMO nearly everyone should value alts sat-wise, with the main reasoning being that you are weighing your trades against the opportunity cost of simply leaving that value in bitcoin. Once you look at it that way, you'll see that alts generally perform poorly sat-wise during high btc volatility either up or down...and they tend to perform best when btc is on an extended stable usd price range.

It's not 100% of the time or anything, it just tends to be this way more often than not - probably due to a myriad of different reasons. One major exception for many alts though has been the dec/jan ATHs for bitcoin, but that isn't exactly a very common situation lol.

[Bsims]

A little over a year ago I wanted to convince myself that I should focus on bitcoins only . Following is from a blog I was writing at the time, April 10, 2018.

Crypto: 25 growth rates over 3 periods

In my previous post I looked at growth rates for the top 25 crypto currencies by using liner regression on their closing prices for the previous year. My intent was to justify my feeling that one ought to focus on bitcoin (BTC) only and ignore the other alternative coins. Unfortunately, that wasn’t supported by the growth rates over the past year. However, looking at the graph for BTC and VEN (Vechain) one can see both coins were dormant over the 1^st six months of the year followed by rapid growth in the last quarter of 2017 and a rapid fall in the 1^st quarter of 2018. I decided to do the same growth analysis for the last 2 quarters and the 1^st quarter of 2018. The following link is to a chart containing the growth rates.

https://drive.google.com/file/d/1rZ9WGs4QocqPr164GnjLnlxTz_UjeJF4/view?usp=sharing

The coins with a growth rate greater than BTC in each period are shaded in yellow. The coin identifiers that are shaded in yellow are those with growth rates exceeding BTC in all 3 periods.

The fact that 5 of the 25 coins had growth rates better than BTC causes me to pause. I think I’ll need to take a more detailed look at these.

Ironically, I'm in the process of updating the studies again with data since then. I hope I can justify focusing on BTC only. We'll see.

[ChuckyTheGoat]

Very tricky, Bsims. Who knows about the future in a new market?

[jjgold]

No need to look at it every day like a jerk off

[BeatTheJerk]

Dippy Do now 9,755 thanks Bitcoin you c o c k s u c k e r !!!

[Sam Odom]

BTJ

buying opportunity soon