You should not have put your life savings to anything, there is allways thing called Black Swan. BUT calm down, in a year or two you will have a nice gain like those people who bought at 150$ and had to wait half a year to see 1000$.
no worries, his dad is probably a multi millionaire from the UAE or something. maybe he put his life sAvings into BTC, but it seems like he might be just fine even if it all went down the drain. |
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i rather stick with stunna. he paid me last month, even though BTC tripled in the month october. he's a known quantity, unlike the new guy. i'm well on my way to 1200+ posts btw, which has been exhausting  i don't think i'll even make 500 next month. |
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do you really think people base their decisions on what alan greenspan says? i mean, i'm not even sure if he's that well respected. since when do bitcoiners enshrine federal reserve chairmen? we hate bernanke and him as much as anyone.
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it's called capital gains taxes, and it depends on the price that you bought the bitcoins at. if you bought at say $10, and it jumps to $1000, then you'd have to pay taxes on $990. the % depends on the itemized deductions, and how long you've held on bitcoins (in the US).
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if there's some major catastrophe, i think bitcoin would probably take a fairly big dive as the internet and blockchain won't be in as many households. electricity would be scarce too. if i had an emergency kit, it'd have an ounce or two of gold.
The entire world is not going to fall into oblivion at once. There will still be successfully ran governments around the world. One may need to move, but I assure you electricity and internet will still be available to prosperous countries. it's a major catastrophe, so anything can happen.. from war, famine, a meteor, or a sunspot. |
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what is happening is that most likely baidu stopped accepting BTC just to cause panic and fear in the market, so all of their buddies are cashing out like bosses.
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Since everyone wants to compare this to April...
In April the 3rd day reached the lowest point of the crash - around $50 - that number was never touched again.
This is the 3rd day and the crash reached $650. Will it hold? Certainly it will be tested.
I don't think it will hold. But if we consolidate above $650 for some prolonged time, it will be the most bullish thing that has technically ever happened to Bitcoin.
This is the "crash" everyone has been talking about. This is not a correction. But is this the bottom?
I think we probably go lower than $650. If we do, that's fine, I will rebuy at a more obvious bottom. If we do hold, I'm happy to buy back a little higher too.
Maybe this is the bubblepop, but maybe it's just a flash crash caused by misinterpretation of news. i may sound like a crazy conspiracy theorist, but i think it's more of a manipulation of the game by the chinese. the people behind baidu had to have known that coming out with this news would crash the price on some level. |
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while there may be some legitimate similarities between april and this crash, there are a lot of strikingly unique things about this rally.
it has lasted longer.
the ATH stabilized for a lot longer.
the top was more resistant than the april rally.
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i'm a little bit bearish as to whether it's going to reach back to $1k+, at least until the end of the year. starting in october, it was good news, good news, good news, good news.. now it looks like it's bad news, bad news.. as in it's kind of cascading.
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well, now that bitcoin is on their radar.. we'll just have to see how well it can hold against big interests. it hope it doesn't end well for western union.
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i'll give you a great deal.. $900 for my btc. buy more, and i'll even go down to $850  |
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in a localized catastrophe, you'd probably still have access to your bank accounts anyways. maybe i'm just being a naysayer, but i don't see how BTC is feasible for a situation like that. it couldn't hurt to do it though.
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maybe those who vowed to sell after BTC hit $1k weren't wrong after all. well, at least if they re-buy in.
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if there's some major catastrophe, i think bitcoin would probably take a fairly big dive as the internet and blockchain won't be in as many households. electricity would be scarce too. if i had an emergency kit, it'd have an ounce or two of gold.
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i'm no pro investor, but i am also starting to get a little bearish for the short to mid term. i won't be cashing out though, since my long-term plan is just to sit.
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if BTC crashes to sub $500 any time soon, it'll be 50 cents per mBTC. it might be a bit premature to switch to mBTC at this point, since we don't know exactly what the bottom is.
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yeah, a bear market makes the most sense. the hysteria lasted for a long time, didn't it? i wasn't expecting it to hover around $1k that long. that's not like how most of the rallies in the past have been, so that just makes things more wild and volatile.
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hey there, nice pics you may be more successful if you peruse the /r/girlsgonebitcoin on reddit.. it's a good moneymaker i believe. that's where all the horndogs are see here: http://www.reddit.com/r/GirlsGoneBitcoin/ |
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if anything, i think bitcoin will be destroyed by fear mongers or unrealistic bulls. please fall somewhere in between those two extremes.
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or they could just be really panicky, run-for-the-hills type of investors. on reddit, there was a guy who had a $750,000 inheritance from his parents.. he ended up losing $370k from buying and panic selling.. and the money he spent was half his sisters'.
well, that's if what he is saying is true.
That is terrible. A lot of fresh bitcoin investors might have lost some BTC by bad timing and/or panic selling. I did. And learnt from it a lot. But this guy got burnt bad. No second chance for him, I guess. Some of the users on this forum are actually really inspiring by how they handle panic situations and deal with crash trolls. Some of those ''chill, this troll is just trying to get in your panties'' replies helped me to to find confidence in bitcoin and this community. They saved me a lot of bitcoins. Too bad that the person you are talking about did not stumble upon them. i don't have much of a history with investing.. so i don't pretend like i know a lot. i think most people are in the same boat, so they should probalby do the same. the first thing to learn, at least for me, is not to get too greedy that you are unable to read the signs. |
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