There wasn't much resistance on that 7600 level but it's much stronger on 7000 and will be even stronger if we fall to 6000. Textbook capitulation would be a long wick down that is followed by a move up of equal or higher power making a red and a green candle next to each other.

If you look at 1d the green candle is still forming but looks small and weak which could mean that it's not the low people were waiting for. Anything can happen because 3000 was also not a textbook one.

It's more of the combined effect of Libra being denied, companies that were planning to invest in libra resigning, China that was supposed to open to Bitcoin not really opening up and instead threatening some rogue exchanges. TA was also against us after a big rally to 14 thousand.

I wouldn't blame Trump for it but I remember when he was elected people said that he's going to be open to Bitcoin because he's a businessman and one of his senators was pro bitcoin. You can see how that went.

It would mean that it's dying.

Bitcoin can have only 2 ways to go. Adoption and acceptance and this means price going up or it will be overtaken by something better and go towards 0. It will never reach 0 but it can reach 100 dollars or something like that. If it goes very low like below 1000 dollars you can as well sell because it means people are abandoning this project.

It's not going to happen overnight so don't worry. You're going to have years to exit.

We have Bakkt but it seems bakkt is not backed! They are going to launch cash settled contracts. They were supposed to be the only platform with bitcoin futures but that doesn't work for them so they are going to launch another CME: futures with no backing. It's probably because they aren't making money on their backed contracts.

Bitcoin is falling because of technicals and because of FUD. Great mix as always.

It fell much more than 1000 only today it lost 800 but does it mean anything? We are still going up in the long run and the long term trendline remains at 6 thousand.

Short term price has a meaning only to traders. Many people don't have any coins on exchanges and don't care what the price today is. Next week is going to be different and next year you won't even remember this small panic.

Would you sell the same about gold? Maybe it won't exist in a decade?

You can see that we're capitulating again when people are bashing bullish predictions. I agree that anything can happen but bullish predictions are as viable as bearish ones.
It's very possible that Bitcoin will be worth a lot of money because it's better than gold. The only advantage of gold is that it's much older.

A newbie is trolling and you are all playing his game.

Here's OP's story

Read about Bitcoin millionaires
Bought on exchange when he saw big green candle to 10 thousand
Then it went to 9 but he didn't do anything because it was moon time. 20 thousand in December just like in 2017.
Then it went to 8 he got angry and sold it all
Now it's a ponzi scheme and we are all stupid.

Why would you sell your information for some token that most people don't know and don't care about? There are exchanges and platforms that offer you real money like bitcoin or fiat for KYC and you know how much it will be from the start.

On the site it says:

Sign up and verify your email to get a reward of 1500 UTL
From 01 to 31 December 2019
Sign up and verify your email to get a reward of 1000 UTL
From 01 to 31 January 2020
Sign up and verify your email to get a reward of 800 UTL

Verify your email not KYC
How much are they paying for KYC? I'm not going to do it but all of it is probably going to be worth $5 if you're lucky

Because there's no free fall just like there's no pump without a correction. We went up like crazy to 14 thousand from below 4 and now we're dumping towards 6. It's like a zigzag pattern.

People say bitcoin is bearish and I disagree. We should say as it is bitcoin is bearish short term. This is a good moment to buy or to exit the market and that's what smart money is doing. Not trading trying to buy the bottom but exiting to fiat or stable coins. They will soon come back when the see at least one full green day.

Thank you all for being here and being a part of this great community.

Special cheers for those who were here for the last 10 years and survived all the ups and downs all the hype and all the drama. You're the champions!

I wish you all another 10 years and that we'll all see theymos make another thread in 2029.

1 Bitcoin is the first decentralized currency in the world and the first and only that cannot be artificially inflated.
2 Usually things that are a technological breakthrough are valuable. Think of phones, computers even smaller think of when they added a camera into a phone. Who now has a phone without a camera? Who is going to have a bank account without a crypto wallet as safe storage?
3 Bitcoin offers services to everyone. It doesn't discriminate like banks and paypal.

Technically speaking you can make a similar decentralized service but if you'r asking whether youtube itself can become decentralized the answer is no.

Why would they want that? They want full control and they already have it and are making money through it. They will never willingly decentralize their company because that would mean stepping away and giving it to the users.

Controllable anonymity = fake anonymity. It's like democracy in North Korea where people can vote but the only name on the list is Kim Dzong Un. So you can vote for Kim or not but if you don't vote they'll say you're not fulfilling your responsibilities as citizen and that means labour camp

So Cina will have a fake cryptocurrency that will allow people to think they have a real crypto but they will still have a bank account that will look like a crypto wallet and send transactions through a blockchain.

You're the average investor! Most people think like you and there even diagrams that show how the market follows a circle path and people always overreact and overshoot the target.

Do you remember how when we fell below 5000 USD Tone Vays and some other traders were screaming that it's going to 1000 and it has to go there because technicals demand it and there was no capitulation? They overshot the same way people were later overshooting when we broke 10 thousand that now it's full bull market and we have to go to 20.
The average investor panics, overshoots prices, is too hesitant in a bear market and too sure of himself in bull.

Really? They wanted you to send them a video? This is very rare. I'm using more than 5 different exchanges and none of them wanted a video.

I don't need to circumvent KYC because i'm selling so little every year that I'm fine with the limits exchanges impose on unverified users. Maybe if they all start to demand KYC even if you're withdrawing small amounts then I'll think of something.

Is this a part of this "google is going to hack bitcoin using a supercomputer" FUD?

Maybe this is the reason for the current downtrend? People are scared of things that are so far in the future that you could as well be scared of an alien invasion.

I'm not worried about google collecting my search data and counting my mouse clicks. I'm not a person in their database but only a number. It doesn't concern me that they find out that this number likes to buy in this or that store and pay with crypto. If you're scared don't use any program because most of them including windows and your android phone collect and manage statistical data.

As an Anarchist you are more or less kicked in the ass on every step. Not in Bitcoin but everywhere. You probably don't vote but some people are being chosen against your will and those people make laws that make you obey. You have to pay their taxes file their reports and when one of the alphabet guys marches into your home you have to be compliant or another alphabet guy will beat you up and take your freedom.

Why do you continue to live in such country that doesn't respect your opinion and wants you to pay 50% tax? There are countries who don't tax crypto and give you more freedom. There are countries that don't care about the IRS and FATF.

They do see it. They even have an official account on this forum.
Maybe OP just wanted to find more support for his complaints? Maybe he doesn't want to get banned on yobit and lose the post he's yet to be paid for?
There's always hope.

It's a good move by yobit because once someone makes 50p he'll prefer to make another 50 to get paid for everything than leave with nothing. Smart people. Abusive and shady but smart.

It seems most people who posted and voted here don't get it because there's more than twice as many votes for BTC.

USD peg is just better in every aspect because when the price is in an uptrend you can hold your payments and still profit. The only downside is that you can't convert at the time of payment but wait for a few days or weeks. In a downtrend you can sell after receiving it and always get the same amount despite Bitcoin being worth less every week.

First of all you have to realize that you're already trading because you have a market position. You bought 2 BTC which mean you have a long! This is very important for you because you already are invested whether you like it or not.

The second important thing is realizing that you have a long in a bear market. Bitcoin has lost 10% in the last month so you're down 10% already before you even start trading. Do you really want to exit your long now when we might be at the bottom of this correction? Trading is difficult and newbies get rekt.