You're going to regret not buying.

>>1711193
Its over for now. Sorry. Been through this many times.

>>1711207
lol ok senpai

OP you're overly optimistic desu but still I have no doubt that btc will reach 5k+ over the next year, anyone thinking otherwise has a fundamental misunderstanding of either bitcoin or economics. Bitcoin so far has gone up in stages, and right now we're at the beginning of the next. This is the first dip of probably 3 or 4 more which will be either about the same or even greater dips..however it is a dip and only a dip. Unless the price falls below 900 and stays there for a good day or two, we can assume it will begin heading back up, likely with greater momentum

Screencap this

>>1711218
Prepare for another drop soon, coinfags.

Shitcoin is still way up over the last month. A robust price rise needs to be built on a base of long-term users, of which there's no evidence of behind the last month's rise.

It's massively overbought.

Screencap this, bitch

>>1711221
Oh god chill your tits. Thats EXACTLY what this is, thats why it can be expected to be stable far past 1k now. When it rose last time it rose because of memes, not because of actual value. Ironically it needed the memes to get people looking at it, which gives it more value.

You have to realize, bitcoin is *way* more than just a currency. Ethereum and all the other toy shitcoins are exploring the possibilities for bitcoin, but I ***GUARANTEE*** no shitcoin will ever actually come close to rivaling bitcoin because theres absolutely no reason for anything else to exist. You can claim some bullshit about implementation and all but 95% of altcoins are just shitty bitcoin forks, and the few that bring something new and clever and interesting are only sort of prototypes. If they actually present any value, you can guarantee someone will simply figure out how to implement it on top of bitcoin, the original. There has been a massive explosion of ideas and implementations of them which work on top of bitcoin and add immense value, real, productive value. Bitcoin's current actual value is maybe around $2000 a coin, and rising still. Its just a matter of waiting for the world to catch up to that.

>>1711241
>no reason for anything else to exist
same could be said of many things which went down.

>>1711241
>already proven wrong

AHAHAHAHAHA LOOK AT THE PRICE NOW

>>1711218
You do realize there are forums where whales collude to manipulate prices right? These guys each have in excess of 100k BTC and run software that manipulates buy/sells on many exchanges effectively running the price up. It's been well documented.


What you should really be asking yourself is, what has happened recently that bitcoin is now being traded this high. Has the software improved? Has the usage increased? Has the user base expanded? Any breakthrough markets? Etc.


The mere fact that nothing can explain this run-up shows it is in fact manipulation. Ride it while you can but don't delude yourself into thinking it will really go to the moon.

>>1711856
>nothing can explain this run-up
it's fucking china!
the sell of was china too!
jesus christ
read a finance article

>being this ignorant
https://www.bloomberg.com/news/articles/2017-01-05/bitcoin-drops-as-much-as-23-percent-from-wednesday-s-record-high
https://www.bloomberg.com/news/articles/2017-01-06/bitcoin-buyers-eye-beijing-nervously-as-prices-slide-from-record

yuan strenghthened something silly
china's putting up capital controls

china went to cash essentially
that's it

>>1711895
Which is fucking up your fragile shitcoin.

The price is still in freefall and probably will be for days

File: AWOOOOoooo.jpg (53KB, 616x462px) Image search: [Google]

53KB, 616x462px

>>1711193
>tfw just bought two more btc