I always knew XRP to be dodgy shit. Their centralization, their held money for the purposes of the company and advertising, their board and their CEO with millions of USD in wages.

I mean, you have a company that has been around for years but has not secured a banking contract. They were supposed to be a bridge currency used by the banking sector but years and 2 CEOs later there are no contracts and the price keeps going down but they're taking huge wages for nothing. The money has to come from somewhere.

Hex is a worthless coin that is supposed to allow Heart to profit on his popularity. What is this guy famous for?

In his own words all he did was:
Invest in Bitcoin early
Try to popularize it
Hold it
Have a few good price calls

That's all he is a holder and a trader, and not even a very rich one. If this was all needed to push your own coin every youtube personality should try it. Oh wait Keiser and McAfee did try it!

I saw his debate with Tone Vays and as much as I don't agree with Tone's predictions I don't get why people thought he lost the debate. Cointelegraph called it a debate of a maximalist vs realist which is already damning because realists are considered smart and open for discussion. The name suggests there's going to be a stubborn guy who's there to do his thing and not listen to any arguments.

Heart's points weren't realism. He focused on hos Bitcoin is bad for the environment and that Bitcoin's 2 critical bugs were much worse than ETH rollback. If that was realism I'm out.

Also Richard says Hex isn't a scam because he's not asking for money. If you buy it you buy it even if you're buying his bag of Hex worth 0.0001 USD each.  

I hope you're making some money in the process and not living a dream of big wins and making money with gambling. It's important to realize if you're good at this or not. If you're lucky or not. Do some statistics, make a spreadsheet. If you're making money that's fine but if not give it a break.

I gamble for the excitement and also to make some money but if it doesn't work out I always know when to stop and exit with very small losses.

Damn, you must be watching another Bitcoin in another timeline. 3 years ago meaning 2017 the lowest price was 700 dollars. If we include November and December of 2017 to make it exactly 3 years it was 600 dollars. Say you meant 4 years then the lowest was 150 and the price barely touched that level and went back to 200.
Last time we were below 100 was in 2013.

Because it's not. This was done years ago but probably nobody cared enough to patent it.

Some people say that it's groundbreaking because it will get those older and less tech savvy people into bitcoin. They know how to send an email but can't understand private and public addresses and all that but why would these people want to send bitcoins in the first place when email transaction takes longer than a bank transfer.

It can be also understood like they don't know what they're talking about. There's no Bitcoin without blockchain and no blockchain without Bitcoin.

It's like they're trying to make people think that investing in bitcoin is wrong.

They are banning all crypto trading without trying to understand which of them are ponzis and which are not. This is a stupid and ignorant approach.

I don't like Heart. There's something off about this guy.

Let's sum this up. Some guy changes his name and starts posing on the Internet as a rich successful investor who wants to give advice to you for free. This always leads to some kind of a scam or advertising project. Just wait until he starts selling shirts and mugs with his face on it.

OP is asking some valid questions and at the same time showing us why we shouldn't panic. Panic comes from uncertainty and even OP doesn't know if Bitcoin is losing market value because of some ponzi dump or miner capitulation. Maybe it's people selling for Christmas and maybe it's tax year ending?

In times like these you should understand that others feel just like you. Don't know what's up and think that maybe it's better to sell because so many things threaten Bitcoin, but nothing really does. Some ponzi selling or people buying gifts is not a threat. It's an opportunity.

Is it really bearish? We were bearish whole 2018 and are now consolidating. We used to be at 6000 before that manipulated drop to 3000 and then we recovered but overshot. We should have recovered to 8-9 thousand not 14 and that's why we had so much uncertainty. Many people read it wrong like it's another big bull market but it was not and the confusion turned into short term panic. If there was no overshot to 14 thousand we'd be at 7-8 thousand anyway because that's where a steady rise from Novembber 2018 would take us.

I don't know why so many people still think we're going to go lower than 5000.

I'm not selling at all. I can by my Christmas gifts with fiat money. Bitcoins are best held in a bear market.

It just looks like a bad idea to sell for 7000 when a month ago Bitcoin was worth 9000 and a month before that close to 10. If it keeps falling I'll never sell. I value more Bitcoin than fiat.

Keep waiting for 3k and you'll be a sad bear.



I think it's a great time to buy because all the selling pressure comes from fear. When selling pressure comes from fundamentals or uncertainties about the project itself it's a time to sell. When all it comes from manipulation or fear it's always a good time to buy.

In a market panic you always feel that pressure to sell and it gets stronger and stronger as you watch red candles pile up. When you sell it gives you a temporary relief like it's finally over and you can rest. And then it jumps back up and you keep lying to yourself that you did good because it's a dead cat bounce and it's going back down but it keeps going higher and higher and you know you've fucked up

Just wow. some people really deserve to be robbed. I'm not saying that because they were rich but rich and careless. We poor people take care of every few dollars and there's no way I'd lose as little as $100 like that. If I had 100k it would be behind multiple levels of protection. Those people had so much and didn't care, kept it all online.

All that idiot bought with the money was watches and gay accessories. What a jerk.

Let's say it does go to 6000, It's a completely fine level that historically held strong. Also, this level is sustainable only until halving because right now most miners have to be above 6000 to remain profitable. Maybe some Chinese miners can go down to 5000, that's it.

So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.

He is crazy but more likely a permabear. For some people the glass is always half empty.

You can see that he's biased by the way he talks about it. It's in a bear market because it had a series of lower highs IN THE RECENT MONTHS.

What about the last few years? Since 2018 we had a clear bear market that reached a stalemate at 6000 and then went into capitulation at 3000 dollars. After that it went into consolidation that many people took for a reversal and another bull market. It created this short overbuy and now price is returning to the mean at 7 thousand. It can become oversold again and go to 6 for a while but that's it.

And what is that supposed to say? Bitcoin is not going straight to 5000 because there will be bounces and  Bitcoin is not going straight to 8k because there will be corrections.

Say somebody dumps 1000 BItcoins? We can see market depth is almost non existent. Even 100 Bitcoins dumped on bitstamp make a big red candle so 1000 could take us down to 6k and then it can be a game of bots.

Yet it sometimes adds up to the whole. If you look at the average ICO that went through the airdrop and bounty distribution it always gets that initial dump right after the trading is opened. You could see that in all the coins that were distributed among current Bitcoin holders like BCH, or Stellar, you could also see it on the BSV chart.
The same happens with coins that have big premine and big bounty distribution. It doesn't mean they can't recover later but at first that 10% is enough to crash the price.

I don't get this part. What is this reason you're talking about?
Do you mean that we should spread the word about the profitability of gambling and risk our wealth at the same time? This is stupid. Maybe if somebody paid me to do it but to openly promote gambling for free? No way! Especially that you can never be 100% anonymous in the Internet.

I hope you understand that this is simply impossible. You have to register a company somewhere and if you don't how are you going to run the servers? The system has to be located somewhere and you will have to be accessing it from somewhere.

Ross Ulbricht also thought he could build something like that and they traced him into a public wifi in a library.