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This tank was to be expected. Because of christmas people are out of money. That's why
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Exactly. Buy from the big guys. You are smarter. You know something they do not know: BITCOIN WILL ALWAYS GO UP !!!
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But these are good prices to buy a bit.
Haven't you guys been saying that since the first dip back to $19.000? It's all I've been reading here, day in, day out "it's a great price to buy some more now!" And now we're at frikking $6750 |
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I think this is a very good question and I'm glad you asked. No, it's not possible that it will never rebound. Bitcoin will ALWAYS go up!
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Actually, the right decision in this total decrease is to buy, hold, and invest a large amounts of Bitcoin and other currencies but before that we should read the events of the market in a good way, especially in this duration which are difficult then must be purchased in medium quantities of various currencies in each event of every period.
On the other hand, for every trader this is the best period to ensure the financial profit in a long term because this crisis is temporary and after that many currencies will progress in a fast way.
BBBBBBBBUUUUUUUUUUUUUUUUUUUUUUUYYYYYYYYYYYYYYYYYYYY |
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 What kind of fool is actually prepared to sell at these prices? I know I'm not  Exactly DO. NOT.SELL.EVER.AT.A.LOSS !!! Bitcoin will ALWAYS GO UP!!! HODL!! HODL!! HODL THE DOOR !! |
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Look at the sun. It's golden. It's a circle. It looks likes a bitcoin. The sun ALWAYS goes up! So bitcoin will too!
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Right now, holding seems like the only option
Exactly. Because bitcoin will ALWAYS go up. That's a FACT. A guarantee. A certainty. Nature's law. It can NOT go wrong at all! |
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Coin supply vs demand  once you have to hold reserves and are frequently audited that you comply there is less fractional reserve trading going on. Kraken is one such exchange that had audits to prove BTC balances were 1 to 1. Here ends today's master class session   Have to hold reserves? An exchange holds its members coins, no reserves. |
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The market players exchanges will though, when Robinhood launches crypto we will see a premium on there I'm sure until enough supply moves over to there, pulling from other exchanges. When others see how many people are trading on Robinhood (a company the others are already stressing about) they'll have discussions of their own cryptocurrency exchanges. This doesn't just power supply on each exchange but it increases standard market investors ease of buying and sure will increase demand.
How does an exchange have impact on a price? |
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The more coins these funds will contain, the lower the number of available on-exchange coins will be
But that's what I just said: these etf's will NOT be coins based, they will NOT acquire coins, but futures instead. So the impact on the market is 0. |
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The meeting is next week it says in your link. Anyway I doubt a future based ETF will have any impact at all. If it was coin based, sure, it would be a big thing. But the SEC already said they don't like coin based. |
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How does that 'put bitcoin to the test' ? It's a future ETF, not a bitcoin ETF. |
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Ok let me give you the standard answers:
* It's a great time to buy more! If you have some money left, buy more here!
* This tank was to be expected
* It's only FUD
* It's because of Christmas !!
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Hi,
I fell for the fud today and I sold most of my bitcoin around the 6800 - 6600 EUR mark. It got pretty scary for me as I've not been around for the past mass dumps and i've usually had my bottom so far from the top that any dips have been nothing. So I was really tried and tested today.
I'm looking to get back in and I wondered if anyone had any experience with this and could give me any advice. Should I look to buy back in at a loss just now or do you reckon to wait for another dip?
I know no-one can see the future, but just from past experience has anyone wished they'd bought back in asap or waited?
So did you buy back? We're now trading 6300 EUR, quite a bit lower than were you sold it. So you did good. Don't listen to those idiots in this thread, they've only lost money. |
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Please stop spreading fud continuously. This is just boring. Plus, listing "facts" in the post you linked, without any source, won't help anyone.
If you don't like what I say, make a counter argument. If you think something is wrong with my arguments why LN will fail, then make that argument. It's much more effective than trying to downplay arguments with simply calling them "FUD". |
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Bitcoin does have its limits and it is know to everyone who invested in it and i am sure the segwit implementation and lightning network will sort majority of the issues it is facing and we will be able to use it as a payment system,we need to enable a merchant system like litecoin recently implemented like litepay which would change everything.
Segwit only improves the situation a little bit and LN will fail for sure: https://bitcointalk.org/index.php?topic=2792933.0 |
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The future of bitcoin just looks SO bad, I honestly really don't understand why some of you guys seem to be so positive?
Or you just fail to understand how GOOD the future looks, and that clearly shows when it comes to your lacking confidence in LN. Another thing is that altcoins aren't any better, and even worse in most cases. The sole reason the majority of the altcoins can still operate with lower fees, comes mainly from the lack of actual usage. If you can't fill up your blocks, there is simply said not enough demand for block space. BCash want to make things even worse by having their block space even further increased, and that while their blocks in current time and day are near empty. In order to have that block space scarcity, Roger is better off massively decreasing their current block space, otherwise they will never have full blocks. And then there's the hacking and fraud which are HUGE problems. If your bank gets hacked and your money stolen, your government will have your back and reimburse you. If your BTC gets hacked, who are you going to call? And I'm not even talking about quantum computing.
Hacking and fraud a huge problem? Simple solution is that you avoid making use of centralized services, and start using one of the available hardware wallets to increase your security. Bitcoin gives people full control over their value, so you are supposed to properly take care of that in the best posible manner. If that's too much responsibility for you, then you have the option to use centralized services. Coinbase offers a bit of insurane, where in case they suffer a loss affecting their hot wallets, you are covered for the entire amount that has been lost. I am however not exactly sure if they will pay you back the digital assets that are lost, or just the value in fiat. If even that isn't enough, then you probably should just remain a slave of your bank. And I'm not even talking about quantum computing. If this succeeds ALL blockchain currencies will instantly be worthless.
Damn, what did crypto do to you? I feel there is a heavy load of bitterness that you try to cover by going all out against it. But this is exactly what I mean. You don't counter my points with even 1 single argument. You only say that I'm bitter and that altcoins aren't better. Ok you do make 1 argument about moving coins to your own wallet, you can indeed increase security that way but still, your own pc can get hacked too, my point was that with banking money you have free insurance, with BTC you have none. When it's gone, it's really gone. Anyway it's interesting that people can post NO argument against my points. And still, there are all these people here that are somehow convinced that HODL is a good strategy. I find that really interesting. |
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Before it failed but with the current situation fees are down again and speed of confirmation as increased so its good as a payment system again.
But that's just because people have stopped using it. The number of transactions have gone big time recently (66% down since december: https://blockchain.info/nl/charts/n-transactions) , that is why it's become faster and cheaper again. But if volume would pick up, we're back to extremely high fees and slow transactions. Technically it's just not possible to have bitcoin do more than 7 transactions/second world wide on chain, THAT is the whole problem here. The decentralization also makes it impossible to have on-chain transactions process very quickly to make it suitable in physical shops (no customer wants to wait longer than even 15 seconds in a physical shop for his confirmation, let alone minutes or hours!). Of course the 'solution' that's being presented is Lightning Network but that's never going to work for reasons I've laid out before: https://bitcointalk.org/index.php?topic=2792933.0The tech is just not suitable as payment system. But even if it was: governments actually are cracking down hard on it because they see it as a possible threat to their own national coin (= power which they will NOT give up). And then there's the hacking and fraud which are HUGE problems. If your bank gets hacked and your money stolen, your government will have your back and reimburse you. If your BTC gets hacked, who are you going to call? And I'm not even talking about quantum computing. If this succeeds ALL blockchain currencies will instantly be worthless. And the big companies are very serious about it and making huge advances: https://www.cbronline.com/news/ibm-google-intel-quantum-computingThe future of bitcoin just looks SO bad, I honestly really don't understand why some of you guys seem to be so positive? |
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