Correction?

[Anonymous No.13998389]

Fuck. Something feels wrong. Everyone is waiting for a BTC correction to 6-4k, we saw already 2 dips. "Oh just wait for the dip" I already took profits at 8700. But something is not right this time around, ppl are too confident about this and I have a feeling within me that BTC will just do exact the opposite.

[Anonymous No.13998604]

>>13998389
you know how I know it won't go to $3k or even $6k?
because everyone is saying they are waiting to buy in at that price

[Anonymous No.13998614]

>>13998389

Order books on several exchanges are 1200 bitcoin away from 13k while there are plenty of buys all the way down. Just don't sell cheap and you win.

[Anonymous No.13998635]

>>13998604

Ya but nobody actually believes that. It’s simple cope for when everyone’s gains are completely erased in the next month. They will look back as say “oh yes we knew this was coming, no problem”. Meanwhile link wojaks litter this board for another 5 years of bear.

[Anonymous No.13998637]

>>13998389
what do you think will happen then? A less abrupt correction? 6-7k? then slow movement back upwards

[Anonymous No.13998801]

>>13998635
link performed really well in the bear market
made a killing on linkpool shares as well
actually have about $18,000 in cash ready to buy up some more but will wait to see where we settle, I don't think we're done dipping but I don't realistically see it dropping back to $3,000

I figure we have another few months left to accumulate before things really start popping off. I could be wrong though but there are several indicators signaling that I'm not

[Anonymous No.13998823]

>>13998801
look up MVRV ratio
>pic related

[Anonymous No.13998917]

I think the pull back wont be dramatic but it's the only way for BTC to reach a new ATH.

[Anonymous No.13999014]

>>13998604
This. Enough people got burned hard enough in bear mkt that theyll now pump this shit out of it with no survivors until the last standoff finally caves and FOMOs his entire home equity and then WHAMMO FUCKO

[Anonymous No.13999044]

>>13998823
Something to do with mining and price enlighten me

[Anonymous No.13999224]

>>13999044
https://web.archive.org/web/20181217123729/https://medium.com/@Awe_andWonder/introducing-the-bitcoin-mvrv-z-score-metric-that-predicts-market-tops-with-90-accuracy-89d90df043d7

lol they deleted the article but here's the archive
wonder why they would delete the article
hmmm...really gives me a big think
hahahaha

[Anonymous No.13999267]

>>13999224
https://medium.com/adaptivecapital/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee
some more info for those interested

[Anonymous No.13999282]

i havent seen ppl talk about this, but do you guys think when binance and coinbase start enabling margin trading, that we are going to see WAY more barts up and down (since those 2 exchanges basically control the market and they want to liquidate everyone).

[Anonymous No.14000160]

>>13999282
to be honest, can't wait until these exchanges are gone for good
they don't operate like real exchanges at all and are actively trading and manipulating the market
exchanges should make their money through lots of people using their services, not by trading and manipulating the prices of the assets themselves
total scamcity and it will come to an end sooner than people think

[Anonymous No.14000291]

>>14000160
do you think having decentralized exange would prevent this manipulated shit to take place?

[Anonymous No.14000351]

That was the bottom you fools

Literally your last chance to EVER buy bitcoin under 8000 again

[Anonymous No.14000406]

>>14000160
>can't wait until these exchanges are gone for good
coinbase is the oldest crypto exchange at this point to not get hacked or lose users funds, and you want them gone for good?

[Anonymous No.14000481]

>>14000406
>and you want them gone for good?
no I just don't appreciate an exchange also dealing and manipulating the assets themselves
does anyone here remember the BCH fiasco that happened when coinbase first listed it on the exchange?
open manipulation and insider trading from exchange employees
absolute disgrace

[Anonymous No.14000512]

>>14000291
I like the idea of DEX and I also like how link is actually going about obtaining a fair market value for ETH, this is the future and how I see it going
I don't see a long term future in the binance/coinbase manipulation scams, their backs will need to be broken and I actually think DEX will be the way it is done

[Anonymous No.14000762]

>>14000512
why can not a DEX control the price? It would be able to see where is the order flow?

[Anonymous No.14000862]

>>14000762
price manipulation can still occur, however it would be a lot more difficult if the price was aggregated from a variety of sources similar to how link aggregates the price of ETH at the moment, here is an excerpt for what I'm thinking:

Reliable market prices, and specifically cryptocurrency prices, will be one of the first decentralized oracle networks made available on Ethereum. Market prices are commonly used in the traditional financial industry to determine outcomes for trillions of dollars in lending, derivatives, and other financial products. As these financial products migrate on-chain via the increasingly popular decentralized finance (DeFi) movement, they will also need to consume market price changes “on-chain” as a reliable triggering mechanism, to determine their appropriate outcome. Since many of today’s decentralized finance products focus on the cryptocurrency community as early adopters, the need for reliable cryptocurrency prices on-chain, around which these on-chain financial products are built, is especially acute/necessary.

We’re starting out with widely useful price data like the ETH to USD conversion rate, which we will provide in a fully decentralized manner at both the data source and the blockchain middleware/oracle levels. All smart contracts/Dapps in the Ethereum mainnet are welcome to start using our market reference data contracts here, and anyone can see the contract being updated here.
>pic related
now this is what I'm thinking is possible and would be a potential work around from this manipulated shitscam that is currently coinbase/binance

[Anonymous No.14000941]

>>14000291
Seems like they should, since everyone trades from their own wallet, as opposed to one big wallet on any centralized exchange -- those are impossible to really track. Places like Binance can basically make up fake trades since those trades are handled with an internal ledger tracking everyone's coins. Since that's not blockchain they can just make up whatever they want.

Having said that, whales will still be able to manipulate things until actual regulation comes into place. But even then, people trading from weird countries without those regulations would still attempt manipulation. I'd guess at that point heavy hitting institutions with high-frequency mega bots would come along and those whales, out of reach of regulation, would become targets of the heavy hitters -- they would likely be far away from exchange centers, data would take longer to get to them and the heavy hitters would have even more money than they do.

Would be curious to see if anyone has better insight into this.