Bitcoin Forum

For the full story check out my YouTube video : BREAKING NEWS: Bitcoin takes a HUGE dip, Regulation becomes a concern and MUCH MORE! (https://youtu.be/zE3IhsSrAOg)



What do you guys think about the recent events of China, Korea, Coinbase international wires, and bitconnect possibly exit scamming?



Lots of regulation in the news, which is scary in some aspects. However, I believe this is all just FUD and will go back up as it has many different times. It is good to point out ( if you are new to cryptocurrency ) that China has "banned" bitcoin many different times at its peak. Such as $30- 300 etc

Another red day in the market, which will allow first time investors a good way to join.

I believe the bad news are all fuds too. The market seems to recover today so there is nothing much to worry about. The investors seem to be used to the fuds, the dips didn’t last long.

Usually news are used by speculators just as a pretext for pushing the price up or down and make a profit. BTW I would not put Bitcoin and Bitconnect in the same discussion - they are two completely different things.

I believe on bitcoin it will be okay soon :) regardings to some events happening right now I really dont have any idea which news ( i know/think that theres some FUD happening here to make some profit ) i will going to believe :) but i know it will really going to be okay again soon :) If some country dont want bitcoin its up to them now ^_^  also bitconnect already exited as of today :)

Yes of course, this was more of a generalized thread of different things going on.

Yeah, Bitcoin is of another discussion, and I don't think that they really have a significant effect on the price during the crash 2-3 ago. News (Positive or Negative), usually influence the mind of investors and always think that the market is based on speculation. A sudden news will tilt the equilibrium on either direction. As far China and South Korea, those are FUD's, what's concern me though is that when China release a news, it always have a double meaning, you can't really understand if they are going to ban everything related to crypto, or just spreading news that will create a panic and then they will bought bitcoin quietly. Of course, its really hard to proved, but somewhat you can't really think of any excuses as to why they releases such statement. As for South Korea, no definite directions as well. So we really need to be vigilant everyday and update ourselves of the current news so that we can make correct decisions specially during market crash.

Yes, I believe that in every dip is an opportunity to buy some coins and tokens for cheap. This has been the cycle ever since with Bitcoin and cryptocurrency in general. Funny is that when Bitcoin is surging into 20K level, so many so-called experts are warning that the bubble can pop anytime and people will be losing their money as if Bitcoin will be gone for good. And now that we are undergoing the necessary correction, the same experts are telling us that Bitcoin is collapsing and we should not get involved with it because we might be losing money. Weeks from now, when Bitcoin will show some good signs of recovery and will slowly inched its way up, the same experts will be warning us with the same message but maybe said in another way.

Should we continue listening to these experts, we might as well leave cryptocurrency for good and never come back even if Bitcoin is already valued at 100K or even more. People who are afraid should never get into cryptocurrency because certainly there are risks involved. Any kind of market can be risky as there is no real guarantee in this world.

At 20k it isn't a bubble in imo but even if you are going to hold long term, you should try and buy it away from its high. Even investing in these "blue chip" cryptocurrencys you will find high risk which is certainly a misconception that a lot of people have on the market since we have seen huge gains before.

$30,300? When was bitcoin ever at that price? Most of the problem of the last week was simply FUD, crackdowns are obviously damaging but not nearly as much as was suggested in the market. Regulation can be seen as a good thing to prevent any major issues in the long term, it may limit the market slightly but it makes it a much safer and stable market.

Will edit that lol, I meant to say $30 and at $300. As an example of times when china has done this before.

"Bitcoin takes the standard, historically expected January 2nd-3rd week dip, and recovers" would be nicer :)

I read that G20 countries will discuss Bitcoin and crypto-currencies in their meeting @ march.

What do you expect from such discussion? I guess nothing good..

now that it is officially over, you can see as it was expected by many, this dip was nothing more than manipulation of the market so that price goes down and the market makers make some quick profit from this quick but big down and up and increase their wealth a little bit more.

we add another big dip to the history of bitcoin's dips which are hundreds in very similar fashion with similar cause and effects. hopefully we also gain some experience from this and never repeat the same mistakes again.

When was the huge dip? I only saw little squiggles. I guess Ive been in btc too long.

The drop did not seem to last long I think the price is only good for one night and after that, the price of bitcoin is slowly recovering the dip so there's no need to panic. Although the concern here is that influential countries like for example China are seemingly relishing their ban for bitcoin in their place which is why the demand of bitcoin in some place are going down.

The increase in tether might have bailed out the bitcoin. Kinda nervous about it.

wait for end of this year bitcoin will go higher than latest ATH

I do not think so, bitcoin still needs to improve a lot before it can touch a new all time high (more than $20k)
Just wait a little bit more, be patient, and you will see how high bitcoin will go after that the LN gets implemented.

I agree with what you say.
It is deeply regrettable that the newbie in this world will be the victim of their FUD.
the whale buy their losses at a good price
while the newbie are oscillating in this.

obviously from so many FUDs at the beginning of the year like the previous year, this is a very common thing in the world of cryptocurrency.

I'm just sure in a way bitcoin will reach $ 30,000 this year.
HODL IT !!!!

This is just another dip, and it will end at some point, i still can not understand why there is a lot of people always being drowned on their own fear. People, there is no need to be afraid of this, in fact, the price is going up again right now, $12000 just now.

Most of the fear is coming from people that have not been in the market long enough to see that this happens often.

You seriously think bitoconnect would never come back? I highly doubt it. They would be back with another ponzi so, shady and scammy ICO sortish thing.
Bitcoin takes a dip so be happy, you can buy again. Regulation is a concern but don't worry about it for sometime, they still don't figure out on how they plan to implement regulation on crypto.

2018 has been predicted to be good for the growth of bitcoin as well other altcoins. In reality nothing good has happened yet, only thing that has been taking place is red day. Quite often we can see the entire market getting indicated in red, another thing is that the fall too seems to be drastic which users haven't experienced in the past year.

We will certainly see a lot of ICO's that were funded fail in 2018-2019. I am just hoping more projects with actual utility will appear.

Regulations is actually a concern because in the first place bitcoin was not made to be regulated by any governments institutions. Banning bitcoin and others cryptocurrency is not the solutions either! rather it is going to push bitcoin to black market kind of marketing. Bitconnect is a ponzi  project and not a cryptocurrency and it was made to fail from beginning like every other ponzi scheme.

No one cares about the shit of bitconnect.

And this is not a huge dip, this is just a correction, it can not even be compared with a crash, not even with a dip, since it was a decrease of less than 9%.

Please, stop spreading fud, bitconnect was just dust for the marketcap.

Even if you dont invest in bitconnect which I have never suggested anyone should do, it is important to know about it.

This is a big dip, and I am not spreading FUD. I am simply analyzing the news, you clearly didnt watch the video and just read a title and assumed.

ICO's haven't gone crazy yet.. it was getting there but then the smackdowns.   If it is allowed to go full retard then bitcoin hits a few new moons

They have gone crazy in the sense that you can get $100m in funding without having a product.

Lol. Its all about promotion and promises.one would have to make extensive study to land a decent ico with all these icos coming out like mushrooms. And there aren't many people worrying now about red days. Traders have matured and know all too well that this is usually how the year starts in crypto

Looks like Bitconnect is getting a class action lawsuit. Who would have known. Will have a new video tonight.

BitConnect had ponzi written all over it. People walked into it, thinking they can be clever and get out before everything comes crashing down. I doubt if a class action lawsuit will be of any help to those who lost money.

People have always warned about Bitconnect on the forum and youtube looks like the law has finally caught up with them and for the huge dip think in the lines of buy more instead of joining the panic sellers, only smart investors know this strategy

Really just a sad situation. Some people lost live savings, which yeah they should have done more research. However still sad.

Correct, as I have previously, you can smell them from afar, unfortunately noobs are gullible to fall from this trap. The winner here is the early birds and those who have been in the bottom suffer the most. They will reappear believed me, in other forms to continue their fraudulent acts again. Be careful you guys.


Its really hard lessons to learn. They won't listen, red flag already raised, there have been warnings all over the community. There's no one to blame but themselves for being to greedy. Smart investors get out and exited early. Those who are still dreaming that they can get good returns are trap and eventually losing everything when Bitconnect suddenly disappear.

Well we will see, hopefully lendcoin dies right away. It will be the next lending ponzi. I have already seen Trevon James advertise it on his channel.

I agree with your points about ICOs. If you don't have a working product at first and *still* don't have a working product many months after the release of coins, then that's just wrong.

Marketing is what drives up prices, but then they come crashing down when investors eventually realize there's nothing there, and the crash happens.

A lot of alts, including some that I was holding, dropped way more than others - these were the highly hyped coins that didn't necessarily have the tech and product behind them.
If you have those things, at least during rough times you'll have something to believe in. When the hype dies though, if there's nothing else, then people abandon the coin and send it crashing.

If you do have those aims on your mind always on getting rich or earning money without doing nothing hard then most of the time you would really got scammed or do lose up money on any too good to be true investment which you are engage to.Community wont really be blamed on this one since it have been announce or advised that this project is indeed a ponzi which it would turn out to be scam sooner or later but people dont just listed and do neglect those warnings.

People should have been able to tell that it was a ponzi, but still some people lost live savings. Its sad nonetheless. All we can do as members of the community is not promote coins like that, and advise people to the best of our ability to not participate.

Bitconnect is such an unnecessary episode Im glad it ends now rather than later!!

I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I still think it is under evaluated, but that doesnt mean it is at a good price right now. So I do agree with you in that bitcoin can certainly fall back down. Lots of people have posted "it will never go below $10k again" which its way to bold of a statement.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.



If you are reading graphs you are surely getting crushed right now.

The top traders all use graphs successfully. TA is actually a big deal - if you looked at all the holistic factors a few weeks ago, well, that didn't help any coins.

Everyone is getting "crushed" right now, but actually my portfolio is being propped up by PRL, which is actually green in this red.

It's just luck though, at the end...

Well ta probably didn't expect this to happen so soon. More important that knowing how to read ta, you must be aware of what's happening in the crypto world. Bitcoin most of the time just throws ta out the window.

True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.

Perfect reason to not try and read graphs :p

Jumped straight back up?
$6887 at the moment

I expect to see $5k

Trying to pin point is very hard as you can see. Especially for these "graph reading magicians"

They aren't magicians, they are Prophets.

Technically there are about 10,000+ prophets in this forum. They speculate a different price ranges at some point, and when the time comes, one or two will hit current price. If 1/10000 Prophecy was correct, it will debunk all logic that discount graph reading techniques.
Then the lucky prophet among the normal prophets will say "I've seen this coming".

Exactly, they should get a group of 1 million of them to speculate every dollar of bitcoin, so that some day one of them will be right with the peak.