Is anyone else starting to become a bit worried? mod note in first post

Kenny Logins

JohnnyFlash wrote: »

Stupid question I suppose, but does anyone know why there was this sudden spike? Any big or exciting news, a Tether print, Binance opening another exchange etc? Or is it just a pump and dump?

We're back to buying pizza, via the Lightning Network this time. LN seems to be gaining some traction with big names like Jack Dorsey passing the "Lightning Torch".

q85dw7osi4lebg

JohnnyFlash wrote: »

Stupid question I suppose, but does anyone know why there was this sudden spike? Any big or exciting news, a Tether print, Binance opening another exchange etc? Or is it just a pump and dump?

Vitalik has now also been spotted eating dessert.

JJJJNR

Moon time ****ing yes.

grindle

Let's all remain calm. Pour a scotch. Lay back in the jacuzzi. Proceed to FOMO into every shítcoin with a hint of moon.

Nice to see volume increasing, if it hits past $30b I'll be pleasantly surprised. If it goes past $40b it'll be edging past most of 2018's dismal figures (where the high volume was caused by mass sell-offs).

Skeptical brain: false bull

Cryptard brain: This. Is. It.

JJJJNR

If ever there was a time not to be calm it's now. Only joking nice to see a return

Dohnjoe

JohnnyFlash wrote: »

Stupid question I suppose, but does anyone know why there was this sudden spike? Any big or exciting news, a Tether print, Binance opening another exchange etc? Or is it just a pump and dump?

Eth nearing the fork. And general FOMO

I'd put it down to mainly psychology. The further we get from the "big crash" the more "potential" there is in people's minds for another (real) bull. Regardless of what's happened to them in the past, people do not want to miss out on that because in the past it's shown 10x and 100x gains (recently '13, early '17, late '17). Many who got into crypto in 2017/18 (a lot) will see prices as currently "underwater" in comparison

So this current rise will either climb and then fall (generally expected), or it will "step up" (hold most of the value its gained, which is very good) or it will turn into a bit of a frenzy

Could write endlessly about this, so indeed crypto could go to zero, go into a perpetual bear, etc, but basic herd psychology Never changes. I would not be surprised to see another significant bull run, no idea when it's going to happen, but time (and distance from last crash) definitely increases the "probability". That said, personally I feel we are still in the bear, but market is irrational, anything could happen

Even ultra cynics and skeptics will be feeling the "twinge" as they watch prices rising

Edit: and as another poster said, the charts. Whether it's going up or down, the similarities are uncanny. Self-fulfilling prophecies.

Grumpypants

F it, ive sold the kids and bought bitcoin.

Grumpypants

JohnnyFlash wrote: »

Stupid question I suppose, but does anyone know why there was this sudden spike? Any big or exciting news, a Tether print, Binance opening another exchange etc? Or is it just a pump and dump?

It's the charts, lots of people expect it to repeat the last cycle. If you lay the last one on this years the rise is due todayish.

I'm pretty sure that's it. While bitcoin is wild looking and hard to predict. If you lay the charts over each other, It's been scarily accurate in recent weeks.

I haven't seen a better theory.

Pintman Paddy Losty

Who are the next group of people who will rush in to form the next bill run? I don't think there's too many left. Everyone and their mother heard about bitcoin last time. All that's left now is baghodlrs.

q85dw7osi4lebg

Pintman Paddy Losty wrote: »

Who are the next group of people who will rush in to form the next bill run? I don't think there's too many left. Everyone and their mother heard about bitcoin last time. All that's left now is baghodlrs.

People like yourself who will be afraid of missing out when it's at 100k.

JohnnyFlash

Grumpypants wrote: »

It's the charts, lots of people expect it to repeat the last cycle. If you lay the last one on this years the rise is due todayish.

I'm pretty sure that's it. While bitcoin is wild looking and hard to predict. If you lay the charts over each other, It's been scarily accurate in recent weeks.

I haven't seen a better theory.

Technical analysis?

Kev1001

My crpto is worth 42% of what I paid for it (Got caught in the FOMO in 2017 rise, held ever since).

Hope this isn't a false dawn.

JJJJNR

Pintman Paddy Losty wrote: »

Who are the next group of people who will rush in to form the next bill run? I don't think there's too many left. Everyone and their mother heard about bitcoin last time. All that's left now is baghodlrs.

People who want a bit of something special.

Pussyhands

Kev1001 wrote: »

My crpto is worth 42% of what I paid for it (Got caught in the FOMO in 2017 rise, held ever since).

Hope this isn't a false dawn.

I got in then too but I'd guess I'm down 98%

bri007

I’m down 83% of what I paid in

Kev1001 wrote: »

My crpto is worth 42% of what I paid for it (Got caught in the FOMO in 2017 rise, held ever since).

Hope this isn't a false dawn.

JJJJNR

It's all a state of mind lads, you will be laughing in 12 to 18 months. Get back in and accumulate now this year, little bits and bits add up. 1 satoshi = 1 euro.

august12

JJJJNR wrote: »

It's all a state of mind lads, you will be laughing in 12 to 18 months. Get back in and accumulate now this year, little bits and bits add up. 1 satoshi = 1 euro.

That depends on what one bought initially, could also be crying in 12 to 18 months. I think most people who bought at the peak are seeing huge losses if still holding,

JJJJNR

Only if they sell. They are not selling they are holding coin so they have not lost anything. Flip the switch if bitcoin goes to 30k who is laughing.

rapul

Still going, good profit made today on BTT and Ethereum, long may it last, having some fun trading around again!

Grumpypants

Strap in lads we'll all by driving lambos on the moon this time next year !!!

Bob24

We’ll know the concept of crypto is definitly a success when NASA starts making space shuttles in red and with an extra spoiler on top.

Bob24

So ETH seems to be cooling off (stabilised around 130 euros since yesterday afternoon) but XRP could be taking over for now (4% increase in the past hour).

q85dw7osi4lebg

ETH and BTC knocking on door of 150 and 4000 respectively, think it'll cross today. Then it's run time.

GreeBo

Gerald Obedient Manicurist wrote: »

BTC and ETH knocking on door of 150 and 4000 respectively, think it'll cross today. Then it's run time.

"respectively"?
I think you have that backwards chief, no lambo for you.

Tinder Surprise

crazy couple of days in work
missed the upturn
FIAT on exchange now breaking its bollóx out laughing at me
FML

The End.

q85dw7osi4lebg

GreeBo wrote: »

"respectively"?
I think you have that backwards chief, no lambo for you.

Corolla it is :pac:

Gerald Obedient Manicurist

Gerald Obedient Manicurist wrote: »

Corolla it is :pac:

A Fiat punto..

Bob24

[Deleted User] wrote: »

A Fiat punto..

Even your car turns into fiat when you are not a crypto guy?? ;-)

JJJJNR

Anyone know if bitcoin hashrate is posted anywhere or do you need to be a miner to have access to that info.

grindle

https://www.blockchain.com/en/charts/hash-rate