BTC OMG, is it over?
 

oh my, it´s dropping out from below the shit storm, who´s bailing, who´s sold today?


Is it going to rise again, have we just got to hold on or is this where we lose?


It´s down to 9k about the same as it was back in November last year!

I'd wait it out. The tether subpoena probably isn't helping the situation.

I believe that people that are selling now are those who just wanted to profit extremely on the current hype. They are not the ones really into cryptocurrency. They are panicking. It is an orchestrated attack on cryptocurrencies from multiple sides. Banks and states can't just stand and watch what is going on

What other people are there? Those who truly believed that one day you will buy a cup of coffee with bitcoins? Let's be real, those account for maybe 1% of bitcoin "investors".

The brave statement about those 1%. Bitcoin is not the only currency, there are many great and even better things. it takes some time to learn and understand possibilities and effects of cryptocurrencies in the modern world. Once you do, you will clearly see why so many people would love to see it doomed.

When you want to puke in your shoes it's time to buy.

oh...should BTC not be at 100 k meanwhile ?????

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

it has to level out like any other currency after all the hype i would say $100 range :2 cents::2 cents:

I sold it all over a week ago Pretty good timing. I'm waiting for it to bottom out and will buy a bunch again.

hold it ...
it will goes up again

Time to buy buy buy!!!

Girlfriend? :1orglaugh

This is worth a watch:

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

I cashed out like an absolute boss about a week ago waiting for 2 events:

the 26th when everybody thought the futures contracts would expite
the 31st when the futures contracts actually expired

as things stand I am hesitant to enter the market again because I think the dip is not over...the fucking weekend is coming and I doubt the dip will be over by tomorrow...will have to wait until monday to enter the market again because my faggot exchanger does not work on the weekends...

in any case I will do some sweeeeet shopping at discounted prices when the shit settles...

Just out of curiosity, what did you guys buy your coins for vs. what you sold them for weeks ago during the recent decline?

Me personally, not having a huge stake in crypto at the moment (a few k invested into btc @ 889$ per coin that ive just been sitting on ever since) I am just going to wait it out... Either way my return on the original $2000 spent is considerable, unless god forbid the bubble bursts back down to pennies on the dollar...

If you have the extra cash to invest, I would say get some coin now while its cheap & hopefully cash in on another wind up :)

This is all very disheartening for a guy who just got into crypto. I'm going to ride it out.

Looking back at the Ferus cashing out thread.
https://gfy.com/fucking-around-and-pr...-15-000-a.html

It was pretty obvious it was a bubble.
Did you all not see my posts from 1k to over 15k

Anyone with a brain would realise that shit wasn't normal behavior.
Sure there were a lot of people rubbing there hands together thinking they were going to be rich and some of the sensible ones actually sold before it went under 12k

I got in around new years I do not remember when exactly but I got in to do arbitrage and day trading, I think crypto is fart-in-a-jar but good short term profits if you know what you are doing...I doubled my money with daytrading and made maybe 20x with arbitrage but I got really really lucky with the arbitrage I found a coin with 10-20% difference depending on what day at 2 shitty exchanges and traded the fuck out of it from 10 accounts absolutely crushing daily withdraw limits...I will be going ALL in once the dip is over...I plan to do some ballsy ICO and penny stock shit...page 10 and lower shit on coinmarketcap...super high risk but I do not care its all free money as far as I am concerned...

You and I should definitely speak further on this... I have been killing it in the penny stock racket for the past 3 months now engaging in the highest volatility stocks out there... but great risk = greater reward and I have a similar plan for a handful of altcoins as well. My biggest arbitrage in alt by far was 2.3 million in Colossus Coin 4 years ago, paid I think $5-10 bucks total for the 2.3 million, as of 4 months ago (and 2 years after the conversion of the old COL coins into the COLXT or whatever) i sold the lot @ $11,667 :thumbsup

And yes, i could not agree more with you, if done right, and you do your research, you can make some serious cash backing BTC against alt & merging that with your strategy behind the penny stocks

Well said my friend

BTC is on course to 2k$. Simple technical move.

we bought most of ours in November, so was about 9k, although, had bought a lot when it was down at 800. Also earning some, given for business at 11k, so now, really wondering what´s best...

what a fucking head ache! :2 cents:

I'm glad that most of my investments were in a coin that was of low value to start with so it cannot drop too much. What I did have of bitcoin, I can handle the loss or just wait and see if it goes up again anytime soon..

that's not arbitrage lol

Yes it's such a disaster, last year it wasn't even $1000, the rise in one year is now only 900%, the sky is falling!!1! :1orglaugh:1orglaugh:1orglaugh

its going to go up and down duh its a crypto coin thats what it does

DigixDAO seems better than cash out...backed by physical gold...will have to research this BECAUSE I AM GETTING HARD! H A R D! <--- what I am getting...

???? I thought 1 btc = 1 dollar.

It doesn't take a genius to do TA and identify support levels. Target has been $7-9k for weeks now. If you didn't short the top, that's your own fault.

there is no expert that can predict how will it go.
just HODL!!!!

BTC has formed the infamous dinosaur pattern...and we all know how dinosaurs ended :2 cents:


https://www.tradingview.com/i/bp1dPXst/
https://m.popkey.co/b07db7/DymEe.gif

The value, or price, is irrelevant. The loss or gain of your investment is solely in percentage terms. If a coin was worth $15,000 and dropped to $7,500 you would have lost 50% of your invested money. If a coin was worth a penny and dropped to half a penny, you would have lost 50% of your investment :2 cents:

I have been telling people for years, Bitcoin was and is a ponzi pyramid scheme. An elaborate one as it was able to last for so long which is impressive. But nonetheless it was just that...a scheme. There was no way it could continue with it's insane spike from last year.

Ask yourself the most basic question, what would makes this currency spike to ungodly values as it has in the last year? The answer is manipulation and falsifying the value of a currency that is theoretically unsustainable when other conventional currencies US dollar/Yen/Sterling/Euro cannot increase in value at the rate that Bitcoin was doing. And those currencies have been around for ages, they are trusted currencies that are traded worldwide. If you can wrap your head around that, you will know that Bitcoin and all these Crytocurrencies are a scheme. And like all schemes, eventually the bubble will burst and you will see a sharp downward spike like you are starting to see with Bitcoin.

All the bitcoin nuthuggers and experts cannot give you a legitimate reason why the currency has taken a tumble because they are either in denial or they are in on the scheme. The whole "everyone was withdrawing money for the holidays" excuse Crytocurrency experts was giving for the devaluation during the christmas/new years holidays doesn't fly because it's still dropping like a brick now. Considering a lot of people are still foolish enough to invest more money into Bitcoin now thinking it will rise again. Shouldn't the Bitcoin be rising in value then from all of the "new" money coming in vs the money that is being withdrawn? Or at the very least, the devaluation should be slower rather than the rapid decline we are seeing now?

Use common sense and you will always see why guys like Jerry Jones, Bill Gates, Larry Ellison, Oprah Winfrey have not poured their networth into Bitcoin. If there is one thing Billionaires love is to make more money yet, they are not foolish enough to buy into the Bitcoin hype...ask yourself why..

my god i recognize that

http://www.reactiongifs.com/wp-conte...07/shivers.gif

yes but the oracle can...

it is mostly a combination of 2 factors...

the first was the obvious skyrocket in price...smart people cash out

the second and more important reason was "institutional money" or larger investors got in around summer to take the money from the "hodlers" with a pump and dump...

the drop in price started around the 20th of december...trump announced the tax cuts around this period and the writing was on the wall: US stocks will make a short term gain and are a safe bet...so they started cashing out while the sheep were like "BTC will hit 50K in january" :1orglaugh:1orglaugh:1orglaugh

the market is designed to take money from the crowds and distribute it to the few...if you do what everybody else is doing you will get what everybody else is getting = fucked...unless you invest in something that has actual intrinsic value, then this will go up and down and up again...

at some point bitcoin will become too cheap to ignore and people will buy in again...8.5K just got breached and the europeans just woke up and they are well known bears...I see a possible 7K by monday but I can not be sure it is so hard to call it right now...sub 400 billion total crypto market cap at the moment...

sweet sweet deals on shitcoins...I want to die for not knowing about digixDAO earlier...mother fucker is up 60%+ in a week...I am not cashing out next time if the DAO keeps kicking ass...

Bloomberg TV just said based on technical analysis, the next stop for Bitcoin is the 7000 handle. Commentary to follow at 6:02am EST.

BTC is currently at $8,165.

VERY TRUE !!!
they also wanted to stone me when i told the at the highest point that this is now the change.

i mean it will not crash completely but it will go back to where a public gambling can be.
5- 10 dollars or something like that.

Nouriel Roubini on Bloomberg TV just said "Bitcoin is the mother of all bubbles.", "Bitcoin is worse than tulip mania." and "Cryptocurrencies are a scam.".

"Bitcoin is the biggest Ponzi scheme in human history."
"All these people are charlatans, swindlers."

https://pbs.twimg.com/media/DVBpY1CX0AAcu3S.jpg:large

Isn't it the time to buy then? It might grow again.

Yes, yes it is although you might want to wait a little longer.