Author Topic: Bitcoin  (Read 110501 times)

Re: Bitcoin
Reply #345 on: December 21, 2017, 14:29:39 PM
Was looking at this classic graph depicting stages of a bubble today:




Then comparing it to bitcoin market cap over the last 12 months. The similarities are pretty scary.





Personally i've been getting all my ducks in order for a quick exit, avoiding USDT where possible.
Formerly sexytw

  • Offline matt5cott

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Re: Bitcoin
Reply #346 on: December 21, 2017, 20:53:01 PM

It's sure taking a beating the last few days.

  • Offline Sam

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Re: Bitcoin
Reply #347 on: December 22, 2017, 07:21:20 AM
I hope Zypder didn't buy in at the ATH.

Where's the bottom going to be Will?

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Re: Bitcoin
Reply #348 on: December 22, 2017, 07:49:47 AM
As soon as I posted it added $1000 lol. I _CREATE_ the bottom.

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Re: Bitcoin
Reply #349 on: December 22, 2017, 15:06:42 PM
I be a lot of people got burned badly, was obviously going to happen sooner or later. As I have said, Bitcoin is too volatile for a currency. There are also a lot of new block chain commodities being created by con artists simply to try to cheat people out of their money.

Block chain still has a long way to go before it can replace the dollar or euro.

http://www.bbc.co.uk/news/business-42457983

Re: Bitcoin
Reply #350 on: December 22, 2017, 18:17:13 PM
How low is it likely to go? Good time to jump on?

Re: Bitcoin
Reply #351 on: December 22, 2017, 21:13:47 PM
I hope Zypder didn't buy in at the ATH.

Where's the bottom going to be Will?

Don't like to call an absolute bottom really. There are several potential bottoms. But a "return to norm" would yield $3000 in 6 months time.

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Re: Bitcoin
Reply #352 on: December 23, 2017, 00:25:37 AM
Drop to $3k ?

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Re: Bitcoin
Reply #353 on: December 23, 2017, 01:17:52 AM
In theory it could drop below $5K, possibly as low as 3. It depends on the buyers and their loss of belief in Bitcoin.

A lot of the problem was caused through 'investment' companies, some would claim rip off merchants, encouraging people to get involved with something they did not understand.

Re: Bitcoin
Reply #354 on: December 23, 2017, 04:22:27 AM
3 / 5 of my las uber drivers have asked me about bitcoin.

Snapchat has adverts by buzzfeed recommending putting $50 into bitcoin using coinbase.

USDT looks increasingly like a scam that will crash with bitcoin and there's a lot of margin trading driving the price up.

I'm out of everything except NEO and Eth for now and what I have in there i'm willing to lose.

I think cryptos are fantastic but I think all corporates are going to setup and use their own proprietary ones. There's no upside in using one they cant control. The oil companies have setup a group to establish a token for commodity trading, the banks have been doing something similar for a while.

I cant see why any of the current coins will maintain much long term value.

Formerly sexytw

Re: Bitcoin
Reply #355 on: December 24, 2017, 09:00:14 AM
Drop to $3k ?

Yes, there is a possibility based on TA. It only takes BTC to enter a proper bear trend like it did in 2014. It might just take a bit of fuel to burn the house down.

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Re: Bitcoin
Reply #356 on: December 25, 2017, 22:15:35 PM
I hope Zypder didn't buy in at the ATH.

Where's the bottom going to be Will?

I'm still waiting for my exchange account to be verified so I'm safe haha.

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Re: Bitcoin
Reply #357 on: December 29, 2017, 17:03:36 PM
Exmo Bitcoin exchange manager Pavel Lerner kidnapped in Kiev

http://www.bbc.co.uk/news/business-42505261

Apparently... "Despite the situation the exchange is working as usual. We also want to stress that nature of Pavel's job at Exmo doesn't assume access either to storages or any personal data of users. All users' funds are absolutely safe."

<presses 'panic now!' button>  :o :panic:  :o :panic:  :yarr:

Re: Bitcoin
Reply #358 on: December 30, 2017, 16:57:05 PM
Was looking at this classic graph depicting stages of a bubble today:




Then comparing it to bitcoin market cap over the last 12 months. The similarities are pretty scary.





Personally i've been getting all my ducks in order for a quick exit, avoiding USDT where possible.

The bull trap happened, looks like Fear is about to come.

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Re: Bitcoin
Reply #359 on: January 10, 2018, 22:50:03 PM
When is the fear going to come on Ether lol

That thing's gone mental.

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