It went up to fast and is correcting now.
Expect a big retrace soon to about 15k.
i was talking about the same thing earlier i believe the correction is between 12-14k We are now at 12.6k and still dropping..... |
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This could very well be the bursting of the bubble - especially with a lot of stories coming from strong bitcoin fans in here that they have also now sold out
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It went up to fast and is correcting now.
Expect a big retrace soon to about 15k.
Wishful thinking. The Mt. Gox collapse then lead to a continued long decline where in total the price dropped 80% I think it's hard to compare this to the Mt. Gox collapse. That crash was a genuine fear that the industry was unsafe and was not going to survive. This just feels like the market got carried away with speculation and a correction was overdue. It is exactly the correct comparison. The extremely long confirmation times and high transaction fees show lethal problems with scaleability, and therefore a well-founded fear that Bitcoin will not survive |
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It went up to fast and is correcting now.
Expect a big retrace soon to about 15k.
Wishful thinking. The Mt. Gox collapse then lead to a continued long decline where in total the price dropped 80% |
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Right now the Bitcoin price is down 33% from the peak only 5 days ago
The largest previous impact was the Mt. Gox collapse in 2014. As per wikipedia: "From 1 February 2014 until the end of March, during the period of Mt. Gox problems, the value of bitcoin declined by 36% "
So this means the crash today - which is still ongoing with prices declining - is as big an impact, but has happened in only 5 days versus 2 months for Mt. Gox.
...and the price is still going down....
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Hi there, first I want to say this (because I think many people that feel bad will read this as well) : I think it that the price of BTC will go up again.. I cannot be sure, noone can, but it will probably be ok again. But....I sold everything... My cryptocurrency that is  The reason is that I can not grasp the reason of the cause behind the value changing so much whenever it happens. "ooooh now it went up a lot"... "aaaaah now it went down a lot" Then you google and google and wonder....WHY? Why did it go up a lot. Why did it go down a lot. Sometimes you can find out about some guy with influence that said something on a conference on the other side of the World. Sometimes it is because a site like coinbase made a mistake or introduced something new.. If lots of people buy, it goes up. If lots of people sell, it goes down. I understand... But if I look at the big picture, it is still a mystery So..while I still had a little bit of profit I sold everything. I did not put in my life savings, but still enough to make me feel bad if the bitcoin would go down a lot more. I also have to think about taxes (I hate doing taxes!). Here in Scandinavia I have to write down everything. All the order numbers, the amounts,,.... I will take me hours of looking up how to do it properly. And then I have to pay 30% taxes over the profit because they validate the bitcoin like a lottery here (and I see the resemblance as well!) I also bought it from websites from other countries and then the amounts are of course in the wrong valuta... .....horrible....  I wish all of you "bitcoiners" a very happy 2018. May all of you have profits!! (I feel like a ferengi all of a sudden) And ehh...I probably will be back again. Just like a lottery, it is a bit of a "kick" one can get out of having a profit. Demesmaeker Wise decision |
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At the peak, Myspace had a value of 12 billion $. Once the users no longer felt it provided value to them the value dropped to 35 million $.
Bitcoin has now stopped giving value. We even see many supporters in this forum express disgust at what Bitcoin has now become - extremely long transaction times, extremely high transaction costs, it clearly does not work as a practical currency.
Bitcoin could therefore see the same drop in value as Myspace - and this means a drop from 19000$ down to 55$
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Coinbase is a major exchange, they make money on volume not by scamming. Follow up with customer service, I suspect they will be willing to help.
Also, just a note, you might be surprised at how easy it is to make money if you just buy when everyone is selling, and sell when everyone is buying. These markets are massively volatile, and change every day.
NEVER, under any circumstances, make investment decisions when you are feeling emotional. This pretty much guarantees you will lose money.
Never put more than you are willing to lose in to any investment.
If you do not feel confidant enough to hold an investment long term, whether or not it drops in price, you should not buy it to begin with unless you have significant knowledge and experience with short term trading. Generally 90% of people who trade short term lose. Are you good enough to be in the top 10% of traders? Most likely not.
Investing is a tremendous amount of work. If you don't put in the time, you will lose.
Because I want to be specific and hopefully prevent people from losing everything, I will give a specific example. The most recent price I paid for bitcoins was ~3100$. But very shortly after I bought, the price went as low as 1800. However I kept an eye on events, and I decided that the drop was only a short term blip due to certain events (it was FUD). So I held because I was confidant that I wanted to hold those coins long term. I am still holding. Ok it was only 1k usd worth but still, the point is that I knew what was going on and was comfortable that long term bitcoin was a solid asset. If you can not make this sort of assessment, then do not buy. You are only putting money in to the pockets of those 10% who know how to play the markets.
How stupid can you be? OP is clearly being fleeced by the exchange and your reaction is to moralize that he shouldn't have sold to start with. One might think you are working for a scamming exchange to address the problem in this way |
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Hi,
Tonight at 10.20pm Easter time, I panicked and sold everything LTC ETH BTC. When I clicked to sell, the exchange rate was OK, but on my email I got completely different rates or confirmation. Even on the history graph of today, the lower amount are not so low :
LTC sold at $254, email confirmation is $210 only
BTC sold at $13800, email confirmation $12791 only
ETH sold at $676, email $660
I got a lot of bugs on the screen when I tried to sell, I have tried maybe 3 times average for each value to sell, it was not working.
The difference between the real rate and the email confirmation is $1130 (I got back my $15,000 invested).
I opened a ticket on the support, just got an answer about Coinbase fees, completely automatised.
Thanks for your help.
Nobody should be surprised about this. Bitcoin (and altcoins) is an unregulated market. This means that the rules that protect you in normal exchanges do not apply in crypto. Therefore a lot of manipulation takes place in crypto and you will not discover it before it is too late |
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The extreme escalation in transaction times is there to ensure the whales can cash out but that smaller investors cannot.
Whales can make large transactions, the fees do not mean as much to them.
At the same time the small investors cannot cash out because their investment is quite small compared to the fees.
The result is the following:
- Whales are cashing out, converting to fiat
- Newbies are buying from the whales in the hope of continues increases
- Existing smaller investors do not want to sell now (despite possible large profits) because of the high fees is you only have a small investment (Today another bitcoiner on this forum has to pay a 20$ fee for a 50$ transaction).
When the whales have completed the sell-off, smaller bitcoin investors can finally begin to sell and that will be the trigger for a complete collapse in the price.
What evidence do you have that the whales are cashing out? If many real whales were cashing out then the hurt bitcoin would feel would be much greater, maybe some people holding decent holdings, 50-100 BTC might be cashing out but the true whales I don't think so. The whales know how to do this. They don't just put up 50.000BTC for sale in one big dump. They do it small pieces at a time, keeping the price artificially propped up as long as they can. |
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Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.
The whales are now cashing in. It is the end game. GTHO (Get The Hell Out) |
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Bullshit, true believers will not smack talk the technology. They will look a bit deeper and understand why things are the way it is.
Believers - yes you are correct. Clever investors - no. Investors will not only look at the technology, they will also neutrally look at whether the price has any reasonable match with the product. And clearly we are now seeing just how poorly Bitcoin handles scaling, how poorly it acts as a store of value and how useless it is as a form of payment. Believers will HODL, while investors with GTHO (Get The Hell Out). |
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It's a good job I'm a Gemini, I can understand the concept of using more than one crypto coin. It's pretty obvious that Bitcoin has become a store of wealth, and it will take a lot to shake it off that perch. Thankfully there are other coins around to deal with the minor chores like buying hamburgers.
Dropping from 19.600$ to 15.600$ in just 48 hours clear shows Bitcoin is not a store of wealth. That seems more like storing water in a bucket with a hole in it. true but dropping from pennies to over 10k is impressive btc has been declared dead many times, perhaps this is it, or perhaps not. But that is not the point. The poster stated the BTC was a store of wealth - but with the BTC it is extremely clear that this is not the case. |
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You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is.
I won't be reading the whole fuckin book just because you put its link in a post! I just read what is in the page you put its link and its enough to know what the book is about.. You clearly are lying now. Your initial comment to the link was :
Everything the link says is that bitcoin will crash someday
There is nothing in that page even close to what you are saying here. There is no point in discussing this point with you when you are simply flat out lying. But this is also typical of people who are afraid to admit that they are wrong - then they would much rather tell obvious lies than admit they are wrong. It seems that you don't understand what your link is all about. It doesn't have to explicitly say "bitcoin" to be explained the way I explained it.. And by the way you still didn't answer my question so I'm done arguing with you... Jeez... you still haven't read it. I have read the whole bloody book.... |
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It's a good job I'm a Gemini, I can understand the concept of using more than one crypto coin. It's pretty obvious that Bitcoin has become a store of wealth, and it will take a lot to shake it off that perch. Thankfully there are other coins around to deal with the minor chores like buying hamburgers.
Dropping from 19.600$ to 15.600$ in just 48 hours clear shows Bitcoin is not a store of wealth. That seems more like storing water in a bucket with a hole in it. |
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I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?
If you became rich and you are doing the dream life that everyone wants is thanks to Bitcoin, don't let him die.
I think you have misunderstood something. The rich people are rich because they have managed to get people like you to buy their Bitcoins at a high price. That means they are now rich, and you are stuck with a Bitcoin that you can't use for anything and also cannot sell with profit because of the high transaction fees. You have made them rich. They will not help you. |
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You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is.
I won't be reading the whole fuckin book just because you put its link in a post! I just read what is in the page you put its link and its enough to know what the book is about.. You clearly are lying now. Your initial comment to the link was :
Everything the link says is that bitcoin will crash someday
There is nothing in that page even close to what you are saying here. There is no point in discussing this point with you when you are simply flat out lying. But this is also typical of people who are afraid to admit that they are wrong - then they would much rather tell obvious lies than admit they are wrong. |
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It's the same game (zero sum, like all securities/commodities markets all over the world). Sell it down and buy back in.
So you believe the markets are a zero sum game? Sorry to break it to you, but you are quite wrong.... |
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Everything the link says is that bitcoin will crash someday.. It's not saying that it will crash today.. While your original post is just about guessing that it will crash today, like you guessed - and were wrong - last time.. And btw I'm not saying that this time is different.. Actually, you should tell me why this time is different?? why among all the previous falls in bitcoin price it recovered to a much higher price, but this time it's gonna burst?? You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is. |
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No real point in discussing with you as you are clearly incapable of rational analysis. The crash is coming, that is unchanged. That this is a bubble is beyond any doubt. That the bubble is driven by a combination of greed and sheer blind stupidity is also beyond a shadow of a doubt. The whales are in the process of cashing out, leaving the naive to take the fall.
The same reply, again and again.. Every time someone puts you in the corner you say that he is incapable of rational analysis... Just show me one sentence based on rational analysis in the whole quote pyramid in your post! Even your original post is based on stupid speculations and still you come here and talk about rational analysis.. you were wrong last time.. you'll be wrong this time.. and you'll be wrong every next time in the future... Even if bitcoin is a bubble and even if it bursts one day, no one of us will be able to tell that "this drop" is the last one that "this time" is the time bitcoin will collapse.. It didn't burst any time when the price dropped in the past, so why should it burst now? Thus, the best strategy is to act like it's not the last drop because most probably it won't be.. Read this one: https://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691152640 And then tell my that it is not based on rational analysis. And, please, tell me why this time - for the first time in 800 years - it is different. |
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