What is your opinion as per Warren buffet statement, he is a wealthy giant globally he told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won't end well. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,"
Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.
What the hell does WF has to do with crypto? He is against it so what do you expect? I suggest you guys just stop for a day and took a day off. To much negativity will really affect your mind and your health. If you are scared and worried then just get the hell out of the market right now. That's why we always hear members saying "weak hands are shaken". You are the definitive description of a weak hands. You can just wait this crash and not panic because this is just temporary. But if you want to incurred loses instead of profit in the long run, then sell everything. |
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Agree. Its been a hard and really tough month to go through this January. We have seen it corrected itself and now we are below 5 digits and its seems that we can't go pass this hurdle and reach our goal of $20K. But then again, this bearish trend will not go and last forever. Sooner or later the price will rally at some point and all crypto will bounce back. Not only bitcoin suffers here, but all of the market is on a sea or red. So the best thing to do is just to hold and patience. February is coming. Let's be optimistic that sooner everything will be back to normal. |
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I dont normally pay attention to intra-day trading details however today i happen to be watching the fall and looking like 8000 was going to collapse (Gdax went all the way down to ~7500). But then...
Around 12:45-12:50 GMT the markets reverse. And i dont just mean Bitcoin, everything reversed for 15-30min, with double-quadruple the volume of the previous 15m period. It was like a switch was turned on and everything just went from sell or sideways to buy, buy, buy. That isnt very normal, not without an event and even then you expect a ripple through the different markets as one rises and sentiment cascades across. Or is the market that irrational, was there some news I have seen, i'm open to conspiracy theory too.
Anyone know?
I speculate that someone is on the buying mode at that time.  The prices of all crypto are really cheap. It only makes sense to get while its still at a discount price and just hold. So it make sense that maybe a casual or even whales sees this big opportunity to grab more cryptos in their portfolio. Everything is based on speculation, if they heard or see news around that convince them to get it now then its all good. This has been the behavior of investors, irrational but it really brings positive vibes to the market and other follows. We hope that this is sustainable in the next couple of days so that we can all breath a sigh of relief. |
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Guys,
Stop selling bitcoin, you are being tricked into a loss. Learn to hold and wait, sell when it gets higher. Stop bringing down
the market.
Thanks for reminding the community. But it seems that everyone is really dumping their coins because they are afraid that the price could go down deep and they can't recover their investment. But I say that's bullshit. We all should learn lessons from the past. Bitcoin always recovered from any crash and even go further. It doesn't make sense to sell your bitcoin when the price is going down. Unfortunately, all those who have been selling it has decided that its time to quit. lol. This is the perfect time to enter the market because the price is really cheap. We have been preaching this every time, however, they really panic and just push the sell button. |
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There are some reasons due to which i think BTC is dropping,its being manipulated by some whales which are only 40% BTC,there unexpected move cause BTC value to move up & down.Also there are some rumors that its being centralized by govt,causing its value to down,temporary ban in china and south korea also affecting its value.Also there are are some investors who bought BTC recently at some high price and now observing its downward behavoir,they are withdrawing their investments to avoid further loss,basically BTC is long term investment,due to high supply in market demand is low pushing price to go downward.Another healthy change is expected in 2018 around $20k-$25k.Lets see.
I believe that the South Korean ban issue has already been resolved but the price is still going down, I am thinking that facebook ICO advertising ban is contributing to this massive in prices. I have to disagree with the Facebook banning of ICO that contributed to this massive dumping. But you are correct about the South Korean ban, its been resolved already more than a week ago and we even see the price recovered after that fake news. There was a news today that in Indian budget they are planning to ban Cryptos etc. This FUD may cause this dumping...
But again, all credit card bans, then FUD one after another, dropping BTC all can't be coincidence. Somewhere something bad is really being planned against BTC.
I think the news coming from India added fuel to the fire. But I'm still not sold on it. There are really big reasons about this crash that is not clear to all of us as of the moment. If I'm a whale, I wouldn't do a coordinate dump with others. I would rather hold. It doesn't make any sense at all to do that. |
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I take this situation calmly. I understand that the market is now on the correction. After correction, prices will start to rise. There is no constant price increase. And there is no constant drop in prices. The market is undulating.
Yes, we should all be calm right now. This is not the time to panic. We have been in much worse situations but still bitcoin rebounded. This is a test that we can hurdle if we would just hold and not be frustrated. Its really unfortunately that we have slide below $9K-$10K. But I wouldn't be worry because I will buy and accumulate more if it floor at $8K. I'm just surprise how quickly it turns out. The only thing I heard is that Facebook news. But as I go around the forum, some FUD says that India has ban bitcoin but as far as I know, they are still have a neutral stance on crypto. |
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My believe is that those government who're against bitcoin are against it due to it potential and they are scared bitcoin could take over their national currency. But, it will be good if the negative thoughts of the governments is over so we can all benefit wholly the good tidings of the cryptoworld world
Of course they are afraid because they think that it can really disrupt their government. But let's see. This has been a ongoing battle so far and every time that there's a negative news, the price quickly pullback. Right now its just above $9K and its still going down as we speak. Good thing though is that there are also governments around the world who think otherwise. This war will not end but we can still enjoy crypto specially for those who are living in a crypto friendly nation. And no, its not over, this is just another test for the market. |
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After a long time bitcoin gone under 10000$  and crypto market down also.What is the main cause? bitcoin ban facebook ad or other option ?? It could be one reason why we see the price of bitcoin suddenly goes down below and stuck at $9300. We can't say for certain what is the main cause of the sudden drop of today's price. There might be FUD around that I'm not aware of. Its really annoying and frustrating to see the price not making any headway to the direction that we wanted to, the only thing we can do is really wait. My personal view says that around mid-Feb we will on the road to recover. And in this kind of scenario, you better just hold into your bitcoin and don't just panic sells. |
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Answered your survey as honest as I can. I'm a Sushi lover myself. So I'm hoping that this ICO becomes successful if ever you decided to put one in the future. I haven't heard this kind of ICO before its kinda unique packages to begin with. But I don't know if this has far reaching effect. I'm assuming that your target is mostly on Asian region specially Japan where we all know that they love their Sushi's.  Hope you get enough traction from the community though and let us know the results of your survey. |
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after december crypto rally, it's normal to see this correction.
i dont expect market will grow up before mid february. it's a good entry point for newcomers.
And we all know that what follows next is another rally. All our patience will be rewarded anytime soon. I'm also very optimistic that February will be a good month and we can forgot all about this bleeding and crypto winter. Maybe most of us are not here yet when bitcoin has the same pattern in 2016/2017. So just give those newcomers some slack. As they became more adept to the crypto world, I'm sure that they will not panic if another price corrections happen in the future. I agree with almost everyone here. HOLD and buy in this dips. |
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For me its just normal to be worried as far as the price of crypto market is concern. Fortunately, if you do your research, every year in the month of January, the market seems to be bearish. Although I haven't noticed it until I do my own homework. Normal to be worried but you have to face that fact that the market can't go on parabolic, there will be down ward trend. The thing is not to panic sell and just be patience. i am not worried at all about the market drop. if we see past charts (2015,2016,2017) they all looks pretty much the same. It is normal for price to go up and down, and so far, it is still up 1000% from last year, soooo...
This is what I'm saying. The past years shows us that at the start of every year, the market is always down. Lots of factors, but I wouldn't discuss it further. Long term we may see bitcoin touching $50K before the end of the year. |
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It would be a terrible thing if the Bitcoin pattern is the same as in 2013-2015, it could be the end of 2018 is only about 4000 $ -6000 $, as I think if it might happen? Let's look at the pattern in 2013-2015 below:  and this is the pattern from 2016 to the present:  What if it really happened, give your opinion?  With bitcoin's high volatility, its really possible to see those prices. However, it will really take a lot of bad news that will make investors pulled out their funds from the market and crash the market so hard that everyone panics resulting in the price going back to $4K-$6K. The questions is what are those circumstances that will really pull the price to bottom? I don't think that FUD will significantly impact the market to bring the prices to its knees. The only logical choice that I can think of is that if the scalability issues wasn't resolved in the next coming months, investors will lose their trust and faith and maybe one day decided to pull their money and invest it to altcoins. |
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Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month. News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/Do you think now that there is more competition: bitcoin mining equipment will become cheaper? What impact will this have? It will not have any significant impact to the current price of bitcoin mining gear. It says that Samsung will just manufacture it for a Chinese client (I'm assuming its Bitmain). On the contrary, the price will be more expensive because its already outsourced outside of China. Let's see how GMO reacts though. I understand that they are building their own mining hardware to compete with Bitmain but it will probably take a year to mass produce it. Unfortunately, we are still at the mercy of Jihan and his company. |
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I am very happy if there is a country in which there is a culinary company or a restaurant that receives payments with bitcoin, although in the country prohibits bitcoin.
like in bali, there is a restaurant that receives payment with bitcoin, but a few days ago I watched a show on television that the security forces closed the restaurant.
why are the security so evil? they only use it for food payments, not for criminals. or do they equate bitcoin payments as a crime? it's very unreasonable.
what do you think about it ?
They closed it because the Indonesian government has implemented a full ban on bitcoin and cryptos. And it says that Bali has been the center of bitcoin exchanges, well it doesn't surprise me because that's a haven for tourist. And they brought bitcoins with them, exchange it to local fiat. Its really hard to question their intentions. But just like any governments around the world that bans bitcoin, they only look at the bad side of bitcoin (used by criminals). I think that restaurant was closed because of that same (illogical) reason. Really sad to hear it though, but bitcoin is unstoppable. Their will be still trades going underground in Bali or in Indonesia. |
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Well its been trading just around the $10K price so its a bad sign for all of us. Actually it makes us worried and can't pinpoint as to what is happening to the market right now. The price is stalling just above $11K and now another price correction in the last 2 days or so. I think this is a bad thing for me, because right now I have a lot of needs in offline and want to sell, but all the price of cryptos is crash. I do not know, I have to sell but actually I really want to hodl This is enough to frustrate me. Bad timing for me as well. Needed some fiat money so I need to dump some of my stash. However, with the current price, I don't think that I should sell it today. I still have other options though, but if things made it worse in my end, no choice but to dump a few.  |
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Wall sell and wall buy is usually very influential on market activity, because the average coin that always has a big wall then the price increase and the decline will be a little longer or can be said more stable. eg rdd and doge.
Admit it or not, this is one way to influence the market. Newbies who tend to see it panic and follow the sell order. This is one method I'm seeing whales do, specially when their is a price corrections, and in a matter of few hours, we will see a domino effect, crashing the market. So this big buy /sell wall for me is artificial. One thing I've learnt is never to pay attention to these walls.
Most of the time they are pulled. And even if they aren't pulled and they fill it doesn't tell you much.
Basically tells you there was someone who bought ALOT and someone who sold ALOT. But who is correct?
Exactly. Don't pay attention to this because you will be emotionally affected and panic sells. Again this has proved nothing, doesn't tell you anything but some artificial orders trying to intimidate others (noobs). |
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Philippine government is very friendly to bitcoin and crypto. As stated they have local trading exchanges coins.ph who have been in the forefront ever since bitcoin exploded in the country 2017. However, Philippine market is still very small. Only a small percentage know about bitcoin and most of them are in this community. Asia has been in the forefront on crypto and I hope that more countries in Asia will see the benefit of crypto and bitcoin for all their citizens. Indonesia and Bangladesh ban bitcoin recently, and hearing that another country is on the other side of the spectrum is very welcoming indeed. |
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You can hire someone to participate for you. It would be nice if you have a trusted relative which is not a US Citizen and participate on the ICO and probably just pay him after. Just keep all the private keys for yourself. I think you'll have a problem with the KYC and a little problem with converting to fiat money after the ICO although you can join groups that supports person-to-person (p2p) coin exchange so all funds are directed to your bank. Maybe as long as you don't involve a big amount of money in one transaction, I guess everything will be good.
The problem is how to find someone that you can trust outside of the USA. I'm sure that there are a lot of US citizens that doesn't have much relative living outside. And it involves money. And we all know that money can cost a lot of problems. Even husbands and wives fight it over regardless of the amount. As for the consequences, no one can say for sure. We all know that US is very strict implementing their laws. I will advise NOT to engage yourself in ICO if you are a US citizen to avoid the hassle in the future, its not worth it. |
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Recently Bloomberg posted the information that it took hackers less than 10 years to steal over 14% of all existing Bitcoins and Ethereum from the wallets of their holders. The total sum they have stolen is more than $1,2 billion! How to protect yourself from hackers attacks? Are you afraid of this stuff?
To tell you the truth, yes, I'm wary of hackers stealing my hard earn money that's why I took every precaution in the book. Its really up to us how to defend from they cyber punks who's intention to take away money from their unsuspecting victims in every way they can. I always bookmark important trading sites like MEW. 2FA, used strong passwords in my wallet. But I guess they are really one step ahead of us. We need to be very careful not to click on anything we find interesting on the web as it might contain such Trojans or Malwares (keyloggers). If you are a long term bagholder, a hardware wallet is a must. |
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I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
What do you expect? The price of INS will magically increased? This is how trading works, its beyond our control and you will always feel that frustration. But you have to think of it as long term investments and hodl, as your friend advised you, he might be right, who knows. Its fairly common to see those movements, almost all of us witnessed and this is just another part of your journey in the trading world. Its better to wait it out and see how the price goes in the future. I know the feeling, especially when it keeps going dow but long hold always benefits
Yes, you have that itch to sell because you are seeing your money going down the pipe, but you really need to think of your investment long term. So just hold on it as long as you can. |
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