Quote from: mfort312 on September 27, 2017, 08:47:59 PM

Quote from: TetraFugolini on September 26, 2017, 10:43:10 PM

We have all witnessed the fall in price on September 14, part due to Jamie Dimon of JP Morgan and part due to rumors around China, the market was bleeding that day. Everybody knows that bitcoin is volatile, but I am sure that you didn't expect waking up that morning and seeing bitcoin down almost 1k$.

Bitcoin has doubled nearly 11 times since Nov 2012, on average every 6 months. That equates to a whopping 160,000% rise.

Do you really consider a 25% drop a "bear market"?

Wake me up when it falls 75%. Even then, Bitcoin would still have doubled 8 or 9 times since 2012. And probably still recover.

https://bitcointalk.org/index.php?topic=2203360.0

That $51xx ($5180 afair) was also my exact projection (when BTC was $2300ish) for the first possible price for the top of this current bull. I had observed a similar ratio pattern. Did we really already reach that top when we nearly hit $5000?

So since Australias securities regulator has now come out and said ICOs are securities, and South Korea now confirming my predictions of ICO bans in major nations, then my question is does the death of ICOs drag proof-of-work issued coins down also, or does everyone sell their ICOs and buy Bitcoin, Litecoin, Bitcoin Cash?

Quote from: Hyperme.sh on September 29, 2017, 03:15:15 AM

Quote from: Nerman on September 29, 2017, 03:13:10 AM

If this is true then we have another opportunity to buy Bitcoin. I really cannot understand do why others are afraid when prices are falling remember what warren buffet said be greedy ehen everybody is scared.

Any one who isnt selling all ICOs (which are illegal securities) on their deadcat bounces and buying proof-of-work issued tokens (which arent even securities), is not paying attention.

Read this.

I would appreciate very much your thoughts?

Some have speculated that after Chinas election in October, then BTC trading will be reinstated in China. Im more pessimistic about ICO issued tokens.

LTCBTC appears to me to be in a bullish triangle (wedge) preparing for a massive breakout to the upside over next months. 0.01 is the resistance of the triangle, which has been rock solid. Wed need to have seen lower lows on LTCBTC in order to be in a bearish mode, but we havent. Our minimum upside was 0.03 BTC which has not been achieved yet.

Also thus far this correction is less severe than the 2013/4 crash. That Mt.Gox driven flash crash caused BTCUSD to decline more than 60% and LTCUSD more than 80%. So far on this correction, BTCUSD only declined 40% and LTCUSD only 60%. So possibly we might have another leg up still or at least rising back to a double-top.

If we still have to see the original predictions of $1500 and $150 for LTC and BCH, then that would put BTC topping out at 0.03 - 0.05 w.r.t. to LTC so BTC reaching no higher than ~$5000. Perhaps BTC will double-top in the $5100s which was my original top price.

BCHUSD and BCHBTC have a similar bullish wedge pattern as LTCBTC (whereas LTCUSD has a similar blowoff topping pattern as BTC). This indicates a possibility that BTC and LTC are moving towards their tops, and then BCH will lag and rise magnificiently. Which coincides with the fanatical theory about BTCSegWit dying a fiery death. If BCH went to $1500 while BTC declined to $3000, that would a 5X gain in BCHBTC.