Looks like the BITCOIN crash is a good indicator of stock market health

[mce]

It's beginning to appear like BTC is a good forecast indicator for the US economy.

Just look at the decline of BTC and the DJIA

Another indicator, falling oil prices

[celandina]

I will consider BTC crashed when it gets close to par with USD,where it was in 2009. Anything more is just a speculation

[CaptainHowdy]

The guy that cashed out at 16k is a bitcoin hero . . .

[onwebcam]

It's a good (or bad) indicator that Wall St was more into it than they admitted..

[Busty2]

Originally Posted by mce

It's beginning to appear like BTC is a good forecast indicator for the US economy.

Just look at the decline of BTC and the DJIA

Another indicator, falling oil prices

Yes gas prices here in Maine have dropped considerably over the last few months @ around $2.10 a gallon its the lowest i can remember recently!

[bloggerz]

I'm not complaining that gas here in Texas is less than $2/gal

[Ferus]

Originally Posted by CaptainHowdy

The guy that cashed out at 16k is a bitcoin hero . . .

Thanks. I am forever greatfull for the way my life turned out.

[mce]

Originally Posted by onwebcam

It's a good (or bad) indicator that Wall St was more into it than they admitted..

Aren't there Crypto ETF?

[pimpmaster9000]

the chart below is silver...10 years silver = 1 year crypto...

[adultchatpay]

Bitcoin at $3,400 + - and dropping fast.

[mce]

Originally Posted by adultchatpay

Bitcoin at $3,400 + - and dropping fast.

3000 is within sight...

[Hurzfurz]

What is a bitcoin ?

[magneto664]

Originally Posted by mce

Another indicator, falling oil prices

Lets look
OIL - you need it for A to Z. to produce a food to going to the crematorium with a coffin.
BTC - Name one one thing to where BTC is necessary

[onwebcam]

Originally Posted by mce

Aren't there Crypto ETF?

Of course there's been some and/or even pools of Walls St all along.. But when everyone and their mother on Wall St jumped on board is pretty obvious. If the market is crashing, crypto is going to crash because Wall St is going to liquidate their crypto assets and pump it into cheap buys in the market. Ride that wave back up and "possibly" put that money back into crypto... Possibly not... Crypto has a disadvantage when it comes to crashes.... There's no "plunge protection team." And that might keep Wall St from coming back like they did a year ago... That is outside of the Wall St gamblers who are in it for manipulation and/or a quick buck.

[mce]

Originally Posted by onwebcam

Of course there's been some and/or even pools of Walls St all along.. But when everyone and their mother on Wall St jumped on board is pretty obvious. If the market is crashing, crypto is going to crash because Wall St is going to liquidate their crypto assets and pump it into cheap buys in the market. Ride that wave back up and "possibly" put that money back into crypto... Possibly not... Crypto has a disadvantage when it comes to crashes.... There's no "plunge protection team." And that might keep Wall St from coming back like they did a year ago... That is outside of the Wall St gamblers who are in it for manipulation and/or a quick buck.

I suppose BTC options didn't help?

[klinton]

Originally Posted by magneto664

BTC - Name one one thing to where BTC is necessary

to buy other alt coins
to send money over internet in one hour or less
to buy products

[CrazyMartin]

Bitcoin is useless, nobody needs this thing

ponzi piramid


gold, food, gas, stocks have any real value, but no bitcoin

go to $100 or less

you can buy everything with stable dollar!
why you have to buy by bitcoin??? useless!

you can use many payment systems, like paypal
every solid normal company uses dollars as payments!
why i should use so unstable and slow paying bitcoin??

remember, useless
nobody need this thing

only poor and stupid people believe that this have any potential and use in future

blockchain is future, maybe
but no bitcoin

[jscott]

so many Bitcoin experts here are unaware of the history of Bitcoin

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

[jscott]

Originally Posted by CrazyMartin

Bitcoin is useless, nobody needs this thing

ponzi piramid


gold, food, gas, stocks have any real value, but no bitcoin

go to $100 or less

you can buy everything with stable dollar!
why you have to buy by bitcoin??? useless!

you can use many payment systems, like paypal
every solid normal company uses dollars as payments!
why i should use so unstable and slow paying bitcoin??

remember, useless
nobody need this thing

these same dumb minds thought the internet was stupid

[CrazyMartin]

Originally Posted by jscott

these same dumb minds thought the internet was stupid

so give me one, one advantage
i never had single bitcoin

why do i need bitcoin??

if you find such purpose, maybe someone will need this and it will grow

ok, criminals needs it, but this is not reason to grow to such high levels


exit fast, with any value before it will go to 0

[pimpmaster9000]

Originally Posted by CrazyMartin

so give me one, one advantage
i never had single bitcoin

why do i need bitcoin??

if you find such purpose, maybe someone will need this and it will grow

ok, criminals needs it, but this is not reason to grow to such high levels


exit fast, with any value before it will go to 0

I am actually developing a product based on crypto that could never function with the current payment systems available...it relies on non refundable transactions and the open nature of all transactions and 100% way to verify that a payment happened make it perfect...phase 2 of the product will involve smart contracts...

truth be told, all crypto deposits would be turned in to USD pegged coins right away, I think crypto for storage of value is the equivalent of a casino table...but just for my project crypto has 3 distinct advantages that make the whole business idea possible in the first place...nothing like this has ever existed...I do not care about BTC/XRP/litecoins etc etc but I will be happy to accept them and convert to something stable in less than a second...I would be also happy to take payment in truffles, silver bars, scrap metal, plastic bottle caps etc...sheeet ill even accept a blow job from a semi pretty woman as payment

[mce]

Broke through the 3500 floor repeatedly.... 3K next resistance?

[VRPdommy]

Like a stock, when you have more sellers than buyers, the price goes down.

How do you get a real feel without knowing true volume and number of outstanding shares.

I might suggest that the 'lack of activity' driving the downward valuation is just the fact no big boys are trying to move dirty money.
OR
have just moved it into other currency.
OR
It has been manipulated by some very large players working together.
OR
all the above

[thommy]

Originally Posted by VRPdommy

I might suggest that the 'lack of activity' driving the downward valuation is just the fact no big boys are trying to move dirty money.

correct - it is now much harder because

a. it is more controlled
b. it dropped already too much and nobody will hold it for a long time and wait that it will
go up. the time between buy and sell is not a questions of weeks it is a question of seconds.

OR
have just moved it into other currency.

a few trillion are clean already - no reason to risk.

OR
It has been manipulated by some very large players working together.

yes - there a many big mafiosi in the world that would help each other washing the money. but this was the first time in history when cleaning money did not cost it made them profit.

OR
all the above

simply YES

and possibly things like that will happen again but I doubt that it will be in this dimension anymore.

[ilnjscb]

Unless civilization collapses we'll all move to digital currency. It just won't be BTC. Keep your eye out though, it'll be here in 15 years I'd guess.

[thommy]

Originally Posted by ilnjscb

Unless civilization collapses we'll all move to digital currency. It just won't be BTC. Keep your eye out though, it'll be here in 15 years I'd guess.

for sure - and than we gave up ALL the little rest of our financial freedom

[jscott]

Originally Posted by CrazyMartin

so give me one, one advantage
i never had single bitcoin

why do i need bitcoin??

if you find such purpose, maybe someone will need this and it will grow

ok, criminals needs it, but this is not reason to grow to such high levels

exit fast, with any value before it will go to 0

Well, i'm not going to hold your hand through your learning of crypto, but i think before publicizing your opinions on it, you really should go learn first what the definition of "ponzi" is. While you're at it, please research "blockchain" also.

i can totally understand if you dislike Bitcoin because:

- the news/government told you to dislike it
- it's slow
- you didn't get in early and missed the boat (surely a great reason to dislike Bitcoin, as a nocoiner)
- you are heavily invested in Gold, and now feel threatened by Bitcoin

as for criminals using Bitcoin you are also spreading wrong information, every single bitcoin transaction can be seen on a public ledger, do you think criminals want every single transaction of theirs open to public? Do you even know what a public blockchain is? Maybe your attempt at spreading FUD is intended towards private coins like Monero? pls try to get it right dude

[jscott]

Originally Posted by VRPdommy

How do you get a real feel without knowing true volume and number of outstanding shares.

1. please post data here, how many USD$ is currently in circulation, i'm sure everyone here will be awaiting your reply

2. there will only be 21million bitcoins ever created, this is a mathematical fact

[freecartoonporn]

damn some stupid people in this thread.

[VRPdommy]

Originally Posted by jscott

1. please post data here, how many USD$ is currently in circulation, i'm sure everyone here will be awaiting your reply

2. there will only be 21million bitcoins ever created, this is a mathematical fact

The dollar was not in question here.

So what is the volume of transactions buying and selling and at what price.
If you want to access the future value, you have to be able to look at post data.

Everyone has been investing in these like a stock but you can't do that.
With a stock, I can see when a price drops and there has been no volume in the stock,
it is for very different reasons than if the volume is high. With stock I can see large volume plays from insiders. Even in the currency markets, I can see when a country is shorting their currency to drive the price lower. I might even be able to predict they are about to do that and sell my holding in advance.

Back to more sellers than buyers.
If you want to know the future value, you need to know why the present value and or historic action of price and volume.
You can't achieve that so don't treat it as if it were a stock.

The high speed of transactions allows for manipulation of buy/sell orders without any kind of regulation or even for anyone to notice. This also happens with stocks, but if it gets out of hand, there is someone to answer to.
The money is in the transactions.

If I could, I would want to watch how many individual accounts are holding how many BTC (without name) and charting that. But even that can be spoofed. I could setup multiple accounts and move from one to someone on the outside and back to some other account.

Even our well regulated monetary system is capable of being spoofed and does from time to time.

BTC is a game without rules. Or should I say, only enough rules to make and hold a transaction.

I'm not against cyber currency cause were almost there as it is.
The folks that want it the most right now are those that make money from it and those that it provides a method to break the laws in other areas without being caught.

So it's going to be the subject to wild swings and manipulation. That's all.
Get use to it if you are going to play it as a investment tool. You are working in the blind without protection.

[thommy]

Originally Posted by VRPdommy

The dollar was not in question here.

So what is the volume of transactions buying and selling and at what price.
If you want to access the future value, you have to be able to look at post data.

Everyone has been investing in these like a stock but you can't do that.
With a stock, I can see when a price drops and there has been no volume in the stock,
it is for very different reasons than if the volume is high. With stock I can see large volume plays from insiders. Even in the currency markets, I can see when a country is shorting their currency to drive the price lower. I might even be able to predict they are about to do that and sell my holding in advance.

Back to more sellers than buyers.
If you want to know the future value, you need to know why the present value and or historic action of price and volume.
You can't achieve that so don't treat it as if it were a stock.

The high speed of transactions allows for manipulation of buy/sell orders without any kind of regulation or even for anyone to notice. This also happens with stocks, but if it gets out of hand, there is someone to answer to.
The money is in the transactions.

If I could, I would want to watch how many individual accounts are holding how many BTC (without name) and charting that. But even that can be spoofed. I could setup multiple accounts and move from one to someone on the outside and back to some other account.

Even our well regulated monetary system is capable of being spoofed and does from time to time.

BTC is a game without rules. Or should I say, only enough rules to make and hold a transaction.

I'm not against cyber currency cause were almost there as it is.
The folks that want it the most right now are those that make money from it and those that it provides a method to break the laws in other areas without being caught.

So it's going to be the subject to wild swings and manipulation. That's all.
Get use to it if you are going to play it as a investment tool. You are working in the blind without protection.

i think you can answer this question MUCH easier.

let´s say someone tells you the winning numbers of the next lottery - you would be a big fool to tell it to someone else as you would have to share with all of them.

(and BTW THIS is also the common sense of a ponzi or pyramide game)

the BTC believers HAVE to defend their dream, because if you, me and all others do NOT believe it the bubble will explode. and their BTCs are just very long numbers that are wasting discspace.

now look at the following.
let´s say after the BTC got his highest point NOBODY would buy anymore BTC´s value would be already at ZERO.

but it is NOT on zero because people like jscott told everybody to buy because it will go to 100 k.
and there have been enough idiots who did it.
all this billions are already gone and they are for sure NOT gone into bitcoin as we see.

so the ponzi happend already and it will happen again.

wherever a few very very big winners are is a big big mass of big losers.
take the losers out of the game and you will see the winners losing.

[jscott]

Originally Posted by thommy

but it is NOT on zero because people like jscott told everybody to buy because it will go to 100 k.
and there have been enough idiots who did it.
all this billions are already gone and they are for sure NOT gone into bitcoin as we see.

I am telling people to buy?

I think it's stupid for people to buy anything they don't understand. And, i have never said I believe it'll go to 100k, now you're just lying, that is a typical strategy used by desperate trolls

[jscott]

Thommy, if you like, lets just clear up this bullshit with a long term bet, with escrow.

That will prove our beliefs. $5000 I say BTC price will touch above $20k within 5 years from today. (note: I am not "telling people to buy" anything, this is just something I am willing to bet on from what I know, learned, and believe)

If I lose, I will deliver $5k to anywhere you'd like, you must agree to the same. (Escrow is a must, ofc since I would not trust you, a confirmed liar)

[klinton]

Originally Posted by jscott

Thommy, if you like, lets just clear up this bullshit with a long term bet, with escrow.

That will prove our beliefs. $5000 I say BTC price will touch above $20k within 5 years from today. (note: I am not "telling people to buy" anything, this is just something I am willing to bet on from what I know, learned, and believe)

was going to say - all these crypto haters go suddently quiet when there is a bull market, when everything goes down - they pop up with their "what did i tell ya".

good luck with the bet !

[thommy]

Originally Posted by jscott

Thommy, if you like, lets just clear up this bullshit with a long term bet, with escrow.

That will prove our beliefs. $5000 I say BTC price will touch above $20k within 5 years from today. (note: I am not "telling people to buy" anything, this is just something I am willing to bet on from what I know, learned, and believe)

If I lose, I will deliver $5k to anywhere you'd like, you must agree to the same. (Escrow is a must, ofc since I would not trust you, a confirmed liar)

i don´t bet - that´s because i do not play with bitcoin or any other of this shit.

out of that i am 62 years old and I will not wait 5 years to make a little money from someone that can not even buy a piece of bread anymore because you would not only lose your bet but also your capital. I make money every day with very logic things
and one of this logic things is to know, that money represents all good and services available in the world. with other words: the value of money can not come from nothing - it get´s it´s value through WORK and not from sit and wait.

actually i must admit that i am not sure if you are really that dumb to believe that BS you are writing or if you are just smart enough to know that you have to defend it for getting your money back that you possibly lost already in the past 12 month.

I think if I would have BTCs I would do the same but that does not change 1000nds of years old rules.

[jscott]

you're right klinton, now they're all speaking out while the price is getting smashed down,

as for the bet, Thommy won't take it, even tho according to him this should be the easiest money ever

I hate to resort to a betting but goddamn i am so annoyed with this guy.

I'd also like to add, this opportunity is for Thommy only, and i would be willing to bet a higher amount if that'll suit you better Thommy

[jscott]

WTF
who cares about the time span? you plan on winning 100% anyways right? why not take free money, you can donate it to charity or give to your family later?

Yes the bet is about Bitcoin but you'd take your winnings in lovely fiat that you so adore.

... btw, you make no sense man.

dunno why this is so complicated for you

Originally Posted by thommy

i don´t bet - that´s because i do not play with bitcoin or any other of this shit.

out of that i am 62 years old and I will not wait 5 years to make a little money from someone that can not even buy a piece of bread anymore because you would not only lose your bet but also your capital. I make money every day with very logic things
and one of this logic things is to know, that money represents all good and services available in the world. with other words: the value of money can not come from nothing - it get´s it´s value through WORK and not from sit and wait.

actually i must admit that i am not sure if you are really that dumb to believe that BS you are writing or if you are just smart enough to know that you have to defend it for getting your money back that you possibly lost already in the past 12 month.

I think if I would have BTCs I would do the same but that does not change 1000nds of years old rules.

[thommy]

Originally Posted by klinton

was going to say - all these crypto haters go suddently quiet when there is a bull market, when everything goes down - they pop up with their "what did i tell ya".

good luck with the bet !

go and search for this thread where someone promised it will go over 100k (I can not find it anymore unfortuantely).

THERE read that i predicted the BTC to end of 2018 on 3000 !!!

and that was on a time when it was on its top.

i am not a BTC hater - i just have brain cells what I am using and those made me more than enough money in my life.

i do not tell you in what you invest. you can spend all your money in BTC and even take a bank loan (unfortunately the also do not believe in it and will not give you a loan).
you can spend your grandmas money and all your friends money - i do not care.
I just blame your missing skills and logic. If you guys would ever got teached what money is you would not try to invite others in a boat that is unable to swim.

[jscott]

Originally Posted by thommy

go and search for this thread where someone promised it will go over 100k (I can not find it anymore unfortuantely).

didn't you just accuse me of promising it'll go to $100k?

[thommy]

Originally Posted by jscott

WTF
who cares about the time span? you plan on winning 100% anyways right? why not take free money, you can donate it to charity or give to your family later?

Yes the bet is about Bitcoin but you'd take your winnings in lovely fiat that you so adore.

... btw, you make no sense man.

dunno why this is so complicated for you

see you proved yourself as a gambler - I am not a gambler - an I am sure that many here aren´t gambling also.

so admit that BTC is a gamble with the highest risk existing.
it hast NOTHING but NOTHING to do with a currency.
it could be a cows fart and you can play the same game with it if you just find enough idiots that believe you.

the only thing sure in that is that at the end one have all and many have nothing.
but I am pretty sure that you will not be the one - you will be the many because you seem to be blind.

[thommy]

Originally Posted by jscott

didn't you just accuse me of promising it'll go to $100k?

nope i did not say that it was you.
but there was even a thread here from last year.
I can not even remember who have opened it.

I am sure none of you will even try to find this thread because it would show now 1 year later who was right and who was a dreamer.

wish I would find it.

[jscott]

Originally Posted by thommy

but it is NOT on zero because people like jscott told everybody to buy because it will go to 100 k

Originally Posted by thommy

nope i did not say that it was you.
but there was even a thread here from last year.
I can not even remember who have opened it.

btw, anyone making their financial decisions based off GFy'ers are idiots already, and probably have no money or will lose it all no matter if stocks, gold, crypto, or accidentally dropping their cash in a paper shredder.

[marlboroack]

The world is fucked right now

[pimpmaster9000]

the blessed oracle wishes to thank all the inferior traders for providing him with liquidity

[mce]

Originally Posted by crucifissio

the blessed oracle wishes to thank all the inferior traders for providing him with liquidity

Is there proof?

[pimpmaster9000]

Originally Posted by mce

Is there proof?

yes in this very thread...it starts somewhere from page 2 or 3...the blessed oracle posted swing trades a day in advance and after like 2 weeks the oracle was up almost 2%/day with wins vs losses at 10:1...and the blessed oracle is not even a swing trader but a day trader!...you can follow the exact time of my announcement and the result of the trade by following the BTCUSDT chart on binance on tradingview...charts do not lie

I am truly thankful to all the inferior traders, I could not have done this without them

[klinton]

Originally Posted by thommy

see you proved yourself as a gambler - I am not a gambler - an I am sure that many here aren´t gambling also.

so admit that BTC is a gamble with the highest risk existing.
it hast NOTHING but NOTHING to do with a currency.
it could be a cows fart and you can play the same game with it if you just find enough idiots that believe you.

the only thing sure in that is that at the end one have all and many have nothing.
but I am pretty sure that you will not be the one - you will be the many because you seem to be blind.

in previous posts u said:

a) bubble bursted, ppl laundered money, crypto boom will never happen again
b) btc is useless, no real value
c) "what did i tell ya"

Seriously - if you are so sure about it, then just take a bet. Why not ? Such easy money !
If you cant take a bet, it means that you may talk and talk and talk, but u cant stand for your own words.
So either you: know that you post/ talk bullshit/ dont believe in your own words, dont have money for the bet or have no self confidence.

This is very logical for me, how about for you ?

[VRPdommy]

For as long as BTC is held in majority of/by investment 'speculators', it's days will be doomed as a currency alternative.

Nobody who would use it as a currency and hold it for use thereof wants to worry from one week/month to the next that it may only buy half as much.

It' a shame. But perhaps time will shake out the greed and allow stability.

[nikki99]

I want my money back

[coffeedude]

I always thought that when the stock market falls oil/energy prices tend to rise, it seems that's not the case this time around.