I find this odd. Banks are always trying to trap people into more debt. I get deluged with CC offers with 18-month, 0% interest in the mail almost every day. You would think that they wouldn't care about public risk. |
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It’s indeed time to call the bottom
1500 By Friday. Confirmed. Or perhaps even within the next 10 minutes. It's a toss up. |
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I´ve lost so much, that i dont care to lose the rest.. FU bears!
That happens when you throw your money in a pyramid scheme in the hope to get-rich-quick Somebody has to hold the bags for the "early investors" How did you earn so many merits with your stupidity? Did you make accounts just to give some to yourself? |
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$1500 in 1 week incoming.
lol bcash lovers..you can spot them from miles away. If Bitcoin were to hit $1500 again, I shudder to imagine what bcash and all the other shitcoins will be at. -$1 Indeed, I was just going to post something along those lines. By the rate many altcoins are dropping in relation to BTC they would have to turn negative it seems. If you do believe in a huge upturn soon amongst all crypto there is perhaps an opportunity to get into an alt and flip it back to increase your BTC stash. But it is always risky. There are so many pre-mined shitcoins out there in the hands of devs and greedy investors/traders, that wouldn't hesitate to dump them all in a skinny minute if they thought the market was going to tank this whole year. And with no mining operattus to support those coins from an ROI cost of mining perspective.... so no floor per se. |
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$1500 in 1 week incoming.
lol bcash lovers..you can spot them from miles away. If Bitcoin were to hit $1500 again, I shudder to imagine what bcash and all the other shitcoins will be at. |
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Well, today is shaping up to be quite the bloodbath so far.
Logged into my various institutions, and all my portfolios are down about 1.65% on pre-market activity so far.
Don't worry BobLawblaw, the PPT (*cough* repatriated corp funds *cough*) have got your back.  |
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To counter "financial risks" lol |
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Their printed paper will always rule sadly.
Until the day it doesn't. |
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Ok, thanks. This may finally be the correction that traders have been anticipating. Although my bet is that this will end up just a 10-20% correction, and then the plunge protection team will step in with their unlimited amounts of cash. I'd be surprised if this is the beginning of a U.S. stock market year long bear market. I could be proven wrong though. I´m a bit concerned about all the newcomers burnt that will never touch btc again.. Chances lost for making new adopters. This kind of fluctuations scare people. This "correction" is not healthy anymore. It poisons btc as currency.
But that's EXACTLY what people were saying in 2014. And looked at what happened these past years. Bitcoin always rises like the Phoenix to make new ATHs. |
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DOW JONES falling like a stone in the water. Global economy is falling down. WTF is going on?
Market fell only 2.5% on Friday. And the market today isn't even open yet. Too soon? |
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This seems different than previous times though where there was more of a flash crash followed by a strong reversal.
Last time (2013-2014) was a little different in that there was lot of leverage being applied by Chinese whale traders on their exchanges, often 100X or more. So there were these wild swings of +/- 30-50%, in some cases 75% with very little volume. IMO the whale shorts are still shorting here and running the stops, looking for a temporary bottom. Does anyone really think that bringing down the price of bitcoin is going to end bitcoin in some way I don’t think so...
No. |
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You'll know you are a true Bitcoin vet when you start to regard downturns as quite boring. Where's the Mt. Gox implosion level FUD of the good old days? I'm sure they can pull something out of their butt if they try real hard. C'mon bear raiders, impress us!  |
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Bitcoin is a fundamental threat to Paul Krugman’s identity. He identifies with the beneficent guiding hand of the central bank. Bitcoin attacks his ideals and therefore is a direct attack on him.
Assholes like him don't realize that for Bitcoin to succeed, only a tiny bit of btc needs to find it's way into the hands of each and every person on the planet. From there it can grow into a P2P barter network that cuts out the middleman. It doesn't have to be about a speculation bull/bear market at all. I remember reading an article back in 2013 that talked about the early "Bretton Woods" project where bitcoiners would take their goods to a tree in secret park and trade them for bitcoin. That was really cool. Wonder if it is still going on. |
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Long time follower, first post.
I'm not going to say much.
8000 will hold
10k by Monday.
ATH April 12th.
is there news on april 12th or is it based on some tradingview retard prediction ? Wow. First post. Make a prediction - - - - > get called a retard. I guess I had it coming. Should have realised that I actually have to KNOW what will happen next to post. Yes. Just my retard prediction. And no. There is no news I'm aware about then. It just happens to be about 70 days from now. I figure that is enough for the winds change significantly. Again... Just a retard prediction though. Welcome to WO! Just ignore some of the grumpies here, and yes predictions are always welcome.  |
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If I needed a currency pegged to gold, I'd just buy the gold. Well I do occasionally anyway... |
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“Gold has probably had an argument that it’s been a store of value for 6,000 years, bitcoin’s a bit younger and the future of bitcoin is uncertain.”
btw, I hate this now. Flint has probably had an argument that it's been a good fire-starter for 60,000 years, lighters are a bit younger and blabla
Haha, that's fkn hilarious.  |
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Sub $10,000 again.
**Sigh**
Hey look, it's that same shitty movie we watched yesterday.... just with less volume. |
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This constant downward compression we've had since 1/17 really feels like an attempt to wring out every last bit of weak hands.
Mission accomplished?
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