The more I look at the charts ... 6, 3, 6, 9, 12, 9, 6, 3, ... the more I consider this dip, as an epic bear trap. Careful of the bull virus guys, aka BOV21. Deepthroat edition:  This picture represents someone that went 100x leveraged long on bitcoin just before the dip  |
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Corona isn't here to stay. China's weather will soon warm up for Spring and COVID19 doesn't survive in warm weather. The spread will slow down giving experts time to develop a vaccine for it so hold your horses. Its not doomsday, you'd be homeless if you sell your real estate properties today.
This corona virus will force countries to also go cashless and will probably adopt cryptocurrency, it will speed up the adoption but may not make the price moon all of a sudden.
Wishful thinking 1. Corona is here to stay. We need to manage it. 2. Weather argument is fake news. In Australia and Africa it is spreading and it is hot. 3. A vaccine will help prevent future spread. Natural immunity needs to be built up. 4. Bitcoin has the anarchy of cash. Countries will go cashless but never 100% bitcoin. 5. 100% germ free will kill you. So getting sick is part of normal life and gives immunity. Bitcoin is the honey badger of money and doesn't give a shit about corona  |
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I think we will go to 2800$-$1800
#corona
Not going to happen....  |
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I'll survive the pandemic  Let’s hope, though it’s not written in stone.... if not the disease, still watch out for crazy peeps in need for your TP I live in the Netherlands so most people are sane here, and TP is still in the shelves amidst the outbreak. And my focus is on staying safe. Got my surgical grade hand sanitizer. Food for 2 weeks if I get sick, etc. Everyone should stay safe |
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Speculative financial assets never perform well in a falling market. This is the first bear market Bitcoin has seen and I think it’s performing exactly as expected.
Good point but I was expecting something else, maybe I was delusional but I was really thinking that bitcoin will grow in times like this, but now I am convince that its too early, bitcoin is not that strong in worst market situation like what we are witnessing now, its too risky, maybe in the future? In these times people look to what they need. - TP - Canned food - Fuel - Water - Medicine - Hygienic products - Clothing You simply cannot eat bitcoin or dollar bills... |
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I'll survive the pandemic |
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Visuals are irrelevant, words are not..
A picture speaks a thousand words... so they are relevant Agreed but what hurts or motivates most.. picture or words? Depends on what I was doing when the pic was made |
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Visuals are irrelevant, words are not..
A picture speaks a thousand words... so they are relevant |
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People usually elaborate minor issues and create unnecessary panic when there is none. With all that is going on, I'm not surprised to see the price of Bitcoin go this way. And with it recent price, I still believe it's doing good. I was actually thinking the price will go below what we have now.
Nevertheless, I believe the price will soon rise again but then, many won't be able to purchase it then.
It's the "AAAHHHH ITS THE END OF THE WORLD.... THE APOCALYPSE !!!!!" people that want to protect all their material possessions. They are by definition the weak hands, and are more focused on having enough TP to last to the end of times. The strong hands have been buying Bitcoin or other crypto. I think I got some at a good price. In about 6 months this will pay off big IMO. (Or we all died from corona, but you can't take money with you into death) I strongly believe that once corona has died down any investment (ANY INVESTMENT) should yield atleast 100% profit. Current market is pure mortal fear.... Is this hedging against a pandemic? No this is just taking advantage of a good stock market swing |
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I'm actually impressed as hell, that after today and such that we are at $8,100.00 USD BTC as I type this.
You must either be a future traveler or a traveller of the past, Searing. Alternatively, you might need to refresh your page or reboot your computer. Just for the record: In the past three hours, BTC prices have largely bounced between $5,200 and $5,400.... There have been no significant or meaningful BTC price movements or spikes outside of that price range... so far. Can ONLY wish.. maybe in a week or two, best case scenario, and a year or so, worser-case scenario (I won't mention the actual worst-case scenario, we already have enough depressing news in actual reality and also coming through the keyboards of certain doom and gloom bear-leaning BTC price prognosticators).Trying to re-live my 'big balls' 2013 newbie past, when I dumped 1/4 of my take-home income on a KNC Jupiter BTC miner. Man the BTC/Crypto kool-aid was strong back then... I'm probably gonna 'wimp' out but I'm trying! Damn, I was an 'impressive' newbie...I miss the stupid and dumb luck stuff I used to just do and be correct...and take it as a given... ah..the BTC/Crypto 'cult' was strong in my heart then. The days that mining 0.02 BTC a day on a video card was considered a loss.... Risking $1500 to buy 5btc.... those were the days   |
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This was one of the comments:  To da m00n!!! |
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OP forgot to put a point in the price.
The next target is $1.2k, followed by three-digits and eventually zero. The bouncing up from there will be very slow and it will take 6 years to go back to $10k, and 800 years to reach ATH.
Also miner capitulation is coming. I read the cost of a single bitcoin is around $8k, so anyone who sold it, know that you sold below its real value. Miners will not be able to hold this for much longer. After mining capitulation, price will be cut in half, like happened in november 2018. So we will go from $5k to $2.5k, which will means straight to $1.2k due to leveraged positions in futures trading. From there, the way to zero will be open, through the three-digits area.
#thepriceoffreedom
#coronacircus2020
Spoken like a true nocoiner.... Once the end of corona is in sight it will all snap back and the true believers will be rewarded (yet again) |
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Something occured to me today watching bits of Trump:
I don't think he wants to be President anymore. It's no fun when tens of thousands of people may die because you're a stupid buffoon. And now that he can't shake hands, hold elaborate dinners, and instead is expected to deal with a meltdown it's not the job it used to be....
Interesting.
Karma at it’s best ... |
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Vodafone seems to have taken a huge hit too, I'm down 50% with them.
But everything's down. Tesco and morrisons both had a stock fall and you can't say people haven't been using grocery stores these past few days...
Utility companies are also down, but tha tight be reasonable since there may be issues with sewage in a few days/weeks if people couldn't use toilet rolls and couldnt be bothered to step in the shower.
Everything is a brick. Just hang on, in a month people will start to see light at the end of the tunnel. Stocks are only tanking because people need the money to buy TP |
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Below $3k is as hard to manipulate as above $12k. The $3k mark is the price from 1st August 2017, a historic date for bitcoin, which was when BCH had forked from it. Below $3k is the area from the other bear market, the one from 2013, and the consequent recovery and bull-run.
Those who bought above $3k will likely not sell below it, as it is too cheap.
Those who bought below $3k but didnt suffer the 2013 bear market will also not sell it, as they probably experimented the 2017 bubble and consequent crash.
Those who bought below $3k and did suffer the 2013 bear market have already sold if they wanted to. They are early adopters and if they weren't in DCA the prices from 2018 and 2019 would look high to them.
So its hard to bring the price below $3k. I read that 60 billion dollars were withdrawn from the bitcoin markets in the recent manipulation. The bearwhales will make much less if they dump it to three digits, and might not work after all.
I saw the price touching the $3000s last night, and only lasted a few minutes. People will flock to buy in.
all of your point are true but if economy get worse there's no garrenty price won't fall below 3k. let's all hope btc won't fall anymore since huge amount cash already withdrawn. Scrap it. When I wrote it I still was using some reasoning. But there is no reasoning when there is a derivatives casino operating against bitcoin. Now that the source has been identified, its much more easy to do a prediction. We are going to zero in less than a month. Right now its pointing to sub-$1000. But there is no buy liquidity in that area, people who buy will have difficulty to sell. So it will take two or three weeks to reach the two-digit area, and then its zero. FEAR!!! That means it's time to BUY |
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I don't think ETH will rise like it did again unless you can find another round of ridiculous amount of idiots to get scammed by ICOs again..
ETH rose while facilitating all those disgusting scams..
ETH just made those scams too easy to pull off, and pumped on gas prices..
Percentage wise it seems more interesting than bitcoin. Etherium seems to follow suite on bitcoin. Anyway I have more than enough Bitcoin |
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Bought some etherium at the cheap to diversify my portfolio. Corona is temporary... it will go away eventually... So bitcoin (and etherium) will rise once again |
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If the coronovarius is going to keep warranting serious responses such as limited social contact and going out only to buy food then most worldwide stock markets will keep on crashing (and what we've witnessed in the past week was just the beginning), and they will take Bitcoin with them. Maybe the halving will be a fuel for a little bit of optimism but I'd be prepared for the worst.
Corona is only delaying the growth of bitcoin by a month or two. |
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Biggest nation on Earth is about to be up and running strong again. Nasty flu season is over for them. https://nba.nbcsports.com/2020/03/12/chinese-league-calls-back-american-players/"Since then, China seemingly has gotten control of the outbreak, with decreasing numbers of new cases. Manufacturing and other industries have started up again, people are returning to restaurants and coffee houses, and reportedly life is starting to return to normal. That means the CBA wants to start up again; it has requested players under contract to return to China." " The Chinese Basketball Association has told American players to plan to return as early as this weekend"
So 4 weeks until bitcoin resumes its normal path 🤔 |
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Maybe Ill go to Holland tomorrow.
hmmm
TP enough over here 👍🏻 Soon to be the richest country in the world 🤣🤣🤣🤣 |
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