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It ain't stopping. This has to be some kind of ploy to manipulate ahead of the halving.
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big volume, wonder if its those plustokens everyone is on about.
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<snip>
For chancers and morons? well, I like to be one of them if it makes me earn money. The fact is that I have been trading already for 2 decades, and I can guarantee you that I made most of my profits trading instead of holding. Much more profitable after i shifted from traditional markets to crypto in 2011, because there is so high volatility (aka manipulation..)
Halvening will occur, market will rise, but not before another really BIG dump. By the way, I don't think BTC will never ever get close to last ATH.. then people wil start realizing money doesn't grow in trees.
We already know that money does not grow in trees. Money is something you print when you want which is backed by debt. I [the gov] can fake the debt and ask FED to print more money when I need. You want to know the future of your so called money? Here is the picture:  We really do not need money by the way.
2 decades of trading experience and your understanding of money is still not even close to my 13 months old girl.Hope your 13 months old girl didn't went long on BTC BY the way, I am still waiting for that 3.5k-5k BTC, while btc maximalists wait for 100K halving.. let's see what happens Why I claim this? reminder. https://bitcointalk.org/index.php?topic=5216737.0That’s the only thing we and all the rest of the world can do.... wait in see how it plays out, hope you don’t get toast, but I will not sell a single coin to buy 2 back at 3.4K.... All markets are dumping hard, but now I don't hear that propaganda about digital gold or safe haven anymore. The question is, why? According to this BTC should be rising in price but it is dumping really hard. I won't sell any single coin today, I am just shorting it and and then i will go long. As said before, there is no Satoshi Spirit about financial freedom or social inclusion anymore.. it is a shitty game played by whales and exchanges. Everyone can hold or sell, taking his own decisions and assuming the consequences. Ps: I don't endorse also fiat at all.. the fact is that world economies are near to collapse and we are all on same boat and fucked. Bitcoin is a long-term game. If you haven't worked that out all ready there is no point for anyone to try and explain it to you. |
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- Actor Tom Hanks says he and his wife have tested positive for coronavirus.
Don't want to make fun of this situation but dude is survivor. 1994- Vietnam war 2000- Island 2013- Pirates 2016- Plane-landing in River You forgot Cast Away  You know what he didn't survive though, a virus in the movie Philadelphia. |
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$7395 foooark. Flashing another $10k @ $6500.
10k is my entry. finishes the H&S and matches up with a few other indicators |
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The fear is real! Corona eating us and the markets alive! Hard time to buy RN  but happy for the discount. RSI below 30 on daily and just over 30 hourly. Observing $74xx Floor around $6500 I presume. I'm thinking the same. Edit: observing 7300s, damn panic sellers |
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This pretty accurate to what I'm thinking. Yes the price of Bitcoin is going down at the moment, but my biggest concern right now is with my other investments. I am starting to get very concerned about counter party risk. Something I don't have to worry about with bitcoin. Genuine concern, Can understand that.... I consider myself lucky as my IQ level is under 70, so i never get in other investment other than Bitcoin and Land/Property. You'll be very thankful for that in the next few years. |
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This pretty accurate to what I'm thinking. Yes the price of Bitcoin is going down at the moment, but my biggest concern right now is with my other investments. I am starting to get very concerned about counter party risk. Something I don't have to worry about with bitcoin. |
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The 5% combined order book looks pretty impressive in favour of the bulls, esp. on Bitfinex. This should be the end of the bear cycle.
That is good, looking bullish. Thanks for posting. I've been trying to look at that for the past 2 days but the page wasn't working for me. Is now though. |
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It's funny, some of the stock markets have almost lost as much as bitcoin.
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https://twitter.com/realDonaldTrump/status/1236778368533700609Trump dropped a big cryptic hint about an unstoppable surprise coming. This was tweeted right after the dow futures opened and tanked. Most likely he is on the phone with the Plunge Protection Team and the Fed and there is some massive money printing on the way. Anyone who thinks Trump isnt going to attack these market sell offs with everything at his disposal is underestimating his ego and desire to be elected again. 62 days to the Halvening and all fundamentals are well and bullish. Can't argue with that assessment. |
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incoming selling wave? time will tell....
BTC very correlated with the share markets right now. I don't like this, but a bounce may be in order if FED comes out all guns blazing tonight. |
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Are we really gonna see an international market crash because of the virus?
It seems kinda fishy.
As I said above the virus is not relevant any more, it has just exposed all the shit out there in the market. The shit being all the crap central banks have fucked up since 2008 in an attempt to kick the can further. All these issues were here well before the virus, the virus has just been the catalyst this time around. |
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No need to act like panicking stock boyz who cry like babies at a 5 percent drop, Bitcoiners were built for big swings. Its all just noise on the way to 100k.
Yes we are definitely going to 100k and this current global rout will probably even increase the speed that we get there. Money printing on the way. Maybe global pandemic and a lot of the hoopla and hype about that can allow for the economy to correct, to some extent without having to engage in money printing? If the global economy goes through a major correction, then it is merely blamed on a pandemic, and at the same time, there is an ability to reign in bullshit irresponsibilities in regards to various fiats, no? Why does global pandemic automatically result in more currency printing when allowing a crash can actually accomplish similar kinds of corrective mechanisms that are actually needed in terms of allowing bubbles to play themselves out in free market kinds of ways, no? I am not saying that bitcoin still would not do well in this situation, but I doubt that such a situation of a major correction in the fiat market (which seems to be far over due) automatically results in more printing, especially if there are many BIG players that realize that the overexuberance in money printing is way out of hand, anyhow. It is not like everyone in the regular fiat world is stupid in terms of engaging in various strategies to attempt to continue to prop matters up and to allow some corrections to play themselves out, especially if such corrections are merely born by poor people, even though the status quo power players might get stuck in policies that are hard to get out of on a quite frequent basis. For central banks, a correction is fine so long as credit (debt) is still being created by the private banks. If credit shrinks instead and hence the money supply with it, then we have deflation and that can not be tolerated for long. Deflation will destroy the modern monetary system and, governments and the institutions with it. Therefore, the CBs have to do what ever it takes to prevent this, and if they see credit creation decrease and even look like it is going negative they will print big time (and direct that printing where ever necessary) to try and get credit/debt going again. To understand why a decrease in credit creation is so deadly is to understand how money is created. Hint, the CBs don't create most of the money (only the cash component) they instead generally create cash reserves. It is the private banks who expand our money supply (97% of supply is private bank money. Also peasants are only allowed to use CB money in form of cash not electronic). In short if private bank money is not being created (through new debt) nobody will be able to pay the interest component because there is not enough money in the system to do so. So, this pandemic is a deflationary event, either through illness or panic, doesn't matter which. Therefore the CBs need to start printing those reserves up pronto to counter any deflation (contraction in private credit). We can agree to disagree. I just don't see the obvious link that continued outrageous levels of money printing is an automatic result of this, and I do see an economic slowdown as a possibility to reign matters in a bit. Sure, I am not saying that the powers that be, CB et al are NOT going to completely stop acting irresponsibly and even giving money away to the rich, but seems to me that global events (such as a pandemic crisis) can also create corrective opportunities that are more responsible than what the CBs et al would otherwise attempt to cause regular peeps and even the chinese to bear costs of the various earlier irresponsible of the money printers. Fair enough. All I'm saying is that I think the reason you can't see is because you probably don't know what money we actually use and how it is actually created. |
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These misleading mortality fake news stats have caused school girl hysteria for the feint of heart.
Case fatality(percent of cases confirmed by tests that die) is a silly stat when you arent testing most people. Infection fatality(what percent of all infections lead to death) is the true mortality rate.
Little school girls and old women have been alarmed bc they couldnt process the difference between case fatality rate in an environment where govs purposely dont test everyone, and infection fatality rate which as shown by the Diamond Princess is low even for people 20 years older than the average person.
The true percent of all people who get infected that die is much less than 1 percent. Probably just double or triple a bad flu season.
King Bitcoin isnt for the weak, the foolish, the soft, or the naive. Shorters who dont cover at this peak of silly panic will be rekt.
At this point the virus is no longer that relevant. In traditional markets, this initial virus sell off has now exposed all the band-aid fixes, and can kicks that CBs have been doing for the last 11 years. Today's (Asia's today) sell off is about these can kicks now coming undone. The virus was just the trigger, that's all, this thing has now morphed into another financial crisis just like 2008, and once again it is deflation that is scaring them. |
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No need to act like panicking stock boyz who cry like babies at a 5 percent drop, Bitcoiners were built for big swings. Its all just noise on the way to 100k.
Yes we are definitely going to 100k and this current global rout will probably even increase the speed that we get there. Money printing on the way. Maybe global pandemic and a lot of the hoopla and hype about that can allow for the economy to correct, to some extent without having to engage in money printing? If the global economy goes through a major correction, then it is merely blamed on a pandemic, and at the same time, there is an ability to reign in bullshit irresponsibilities in regards to various fiats, no? Why does global pandemic automatically result in more currency printing when allowing a crash can actually accomplish similar kinds of corrective mechanisms that are actually needed in terms of allowing bubbles to play themselves out in free market kinds of ways, no? I am not saying that bitcoin still would not do well in this situation, but I doubt that such a situation of a major correction in the fiat market (which seems to be far over due) automatically results in more printing, especially if there are many BIG players that realize that the overexuberance in money printing is way out of hand, anyhow. It is not like everyone in the regular fiat world is stupid in terms of engaging in various strategies to attempt to continue to prop matters up and to allow some corrections to play themselves out, especially if such corrections are merely born by poor people, even though the status quo power players might get stuck in policies that are hard to get out of on a quite frequent basis. For central banks, a correction is fine so long as credit (debt) is still being created by the private banks. If credit shrinks instead and hence the money supply with it, then we have deflation and that can not be tolerated for long. Deflation will destroy the modern monetary system and, governments and the institutions with it. Therefore, the CBs have to do what ever it takes to prevent this, and if they see credit creation decrease and even look like it is going negative they will print big time (and direct that printing where ever necessary) to try and get credit/debt going again. To understand why a decrease in credit creation is so deadly is to understand how money is created. Hint, the CBs don't create most of the money (only the cash component) they instead generally create cash reserves. It is the private banks who expand our money supply (97% of supply is private bank money. Also peasants are only allowed to use CB money in form of cash not electronic). In short if private bank money is not being created (through new debt) nobody will be able to pay the interest component because there is not enough money in the system to do so. So, this pandemic is a deflationary event, either through illness or panic, doesn't matter which. Therefore the CBs need to start printing those reserves up pronto to counter any deflation (contraction in private credit). |
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No need to act like panicking stock boyz who cry like babies at a 5 percent drop, Bitcoiners were built for big swings. Its all just noise on the way to 100k.
Yes we are definitely going to 100k and this current global rout will probably even increase the speed that we get there. Money printing on the way. |
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I am buying here some. I don't care if it goes lower. I can keep my sanity till it its $3k.
Why am I buying? Because I know for sure it will be back above $9k again. Might be tomorrow, might be next year but it will happen.
Vegeta will make a comeback.
Just think of all the printing the CBs will need to do to fix this mess. Next year we could easily be at 100k. |
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$7839 How much fucking lower are we going?  Whatever it is, it ain't going to be good. I reckon 6500. Which is really not that bad considering last years low. |
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