I'm being serious. This drop is different. The number of people involved is enormous (e.g. cryptomoms). Bitcoin (and ultimately all cryptos) will not recover from this one. Too many people will be burned here for the market to sustain itself. We're finally (finally!) at the beginning of the end. I've confirmed this with multiple sources.
Proudhon strikes back, fantastic  The proudhon indicator is an excellent one to start considering buying back in. He has a perfect record of always breing wrong since Bitcoin was invented. Of course. The big whales have sold everything (creator of bitcoin.com, creator of litecoin etc). Hedgefunds are short and are going to drive this down. Japanese margin traders will get autosold and a general sense of reason is entering the media, that a coin with $50 fee per transaction and only 7 transactions per second might not be the coin of the future, LOL.
Bitcoin as a store of value is still unmatched. Bitcoin as a fast payment solution will be here when lightning network is operating at big scale. Doubters will pay. |
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$11,000 may have been the bottom of this dip/crash. The selling is getting out of hand. It could still go lower, but it's starting to look stupid. Bitcoin Cash being added in Coinbase was what mostly triggered the panic selling, thanks to Roger Ver's manipulation on CNBC. He should go to jail for insider trading and false claims.
The mempool is obviously spammed too. They will run out of money eventually.
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Bitcoin's price is still up ~50% from the 20th of November and yet everyone is panicking, why? Here's the chart:  This clearly shows that Bitcoin was about $8.2K 30 days ago. Current price is still 13K. From now on even if the price drops to a whopping 10% of the current price, a 90% drop that is, it would still be higher than the price at the beginning of the year. A lot, a LOT of people that has bough bitcoin during the past month are people that saw it on the news for the first time and got into the hype train. The outcome was predictable once the panic-selling would begin. This is indeed nothing for the seasoned bitcoiner. We've been through worse crashes. Anyone scared at this must have been here after 2013's crash. |
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Hi, thank you all for your valuable comments. Participants who leave the campaign we wish you good luck thanking you for participation. Setting a rate in dollars is the only way not to change your post rates every month with current BTC price changes. Our rates are currently higher than the initial rates for your posts. Are there any more confusions that I could answer? Thank you.
In any case, a little bump for Legendary members would be appreciated. In other campaigns such as Coinpayments, legendary members are making 700 bucks a month. I will stay here because betcoin.ag has paid me every month for years now, but consider the fact that the competition out there is delivering very tempting deals. |
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Most people here and reddit will defend bitcoin no matter what instead of looking at the problems. Every time someone comments something about the speed or transaction fees they will just yell ''FUD'' or ''Another attack on bitcoin'' but it's not always that. I have been a strong supporter of bitcoin myself but we have to face it, it's not in a good position right now, sure the price is great but what else? Insane fees that are not getting solved any time soon? I know the demand is high but the ones that are buying are just buying to sell eventually not to support bitcoin, not to use it. The demand will eventually fade away and what do we have left? An outdated bitcoin that won't be able to compete with better coins.
It's ok to point at bitcoin's problems, but it's NOT ok to sell your altcoin as the solution to bitcoin's problems, when your altcoin is not a solution but a scam making false promises. There's not a single altcoin that scales anywhere without ending up with the same problems. Tall these POS and tangle coins are nothing but scams. LN will solve the scaling problem, just give it time for it to be properly released and implemented in websites all over the world. |
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https://coinmarketcap.com/currencies/ripple/Look at the green line, look at the orange line, and then understand how there are huge divergences between USD valuations and BTC valuations. If you are going to trade against BTC, then focus on BTC valuation. I would hold BTC, maybe this is the end of the dip.
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I don't know who the hell was expecting any anonymity if you were interacting with the legacy banking system? If you are using exchanges to buy bitcoin with fiat, or selling bitcoin for fiat in an exchange, it's common sense that they will profile you and get you on a list, this is not bitcoin's fault. So pay your taxes and stop complaining about it. I have no idea about taxes myself and im learning how it works for when I sell for fiat, but for now im just holding, I don't want to do anything stupid like reporting it the wrong way. Accountants are completely useless because they don't know anything about bitcoin... we are on our own so far, this is why im scare to sell anything. |
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Called it, let it dip and buy it. Bitcoin Cash attack and the natural correction are creating a good opportunity to buy at a discount. Keep buying even if we go to $12,000. Bitcoin will not wait for you when it starts going up again. Beware of the massive amount of FUD in the field. Everything is going according to plan. BCH is done, Lightning Network is coming, all websites in the world will use it, Steam will be back with Bitcoin, buy the dip, last time to buy cheap coins.
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Has kwukduck even been right about anything? I have been here for years, and I am yet to see kwukduck get a prediction right. The last time he called a flippening, the price has more than doubled, and bitcoin cash has done nothing but have a completely erratic behaviour. Overall you have lost money if you didn't sold your BTC for BCH and held your BTC.
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No one honestly really knows, but here's my guess: I personally think the bubble is going to pop soon. We've what? Pretty much tripled in price in a single month? That's really too much. I could really see a sharp drop(though hopefully not lower than $5,000), as we've had alot lot of weak hands from clueless investors (even some guys grandma probably went full FOMO). The huge number of "bitcoin will make me rich!" investors will probably have a sort of domino effect of selling offers after a drop in price, hence making the drop alot bigger.
- just my 2 satoshis
$5,000 is too low, I think $10,000 could be a strong support, there are way too many investors with waaay too much fiat ready to buy, and $10,000 is an attractive entry point now, which may pull enough traction to keep growing from there. $7,500 was the previous highs at the double top before we went parabolic, that's as low as I see it. But this could be the START of the real parabolic move for all we know. Remember that bubbles are impossible to discern in a completely new asset class that's limited in amount forever... good luck with that, id rather not risk my position and just hodl and buy the dip. |
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Hello all, Kind of a long shot but I thought I'd try. I accidentally sent some BTC (0.02473612) to the wrong address on my localbitcoin account, don't ask how I even managed to copy and paste the wrong address. Thoughts on recovering the fund? The address in question is: 19rUMJ2s5MaWP7gxWLTLVctAQQQbVrVyFY (owned by Poloniex.com) I did submit a support ticket into Poloniex over a two months ago, but to no avail. Any help would be greatly appreciated. Thank you! Found the transaction details: https://blockchain.info/tx/5d46c9aa20c76840dce9505e4ea6f9a75e58a1109b1a10cca169be33c9bbafa4It looks like the funds on that address are now 0. They have been moved already to other addresses... it's most likely impossible now that you will ever recover these funds. You would need to contact Poloniex for a confirmation, but im afraid you have very low chances of seeing that money ever again. Always double check that you are copy-pasting the right address next time. Also be aware that some malware makes you paste an attacker's address instead of what you copied. |
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there are many, I like IOTA, XMR, POWR, ADA, KMD, LSK, EOS, NEO, 2 years is a very long time for me to trust any of these coins. IOTA has already shown serious weaknessess in it's technology, the rest don't have anything I would considering interesting enough for one to get rich in 2 years. XMR is probably the only one I would feel "safe" holding 2 years due filling the anon coin niche but it has serious scaling issues too. |
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I like POSW (also known as Poswallet). It's a fantastic idea: to mass stake proof of stake coins in the same interface. Im accumulating this one while it stays on the cheap low 1000 satoshi area. It is a matter of patience. Sooner or later it will pump to all time highs. I think once ETH goes POS, Poswallet will be mature enough to be able to sustain massive amounts of traffic and will end up giving us tons of gains.
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There is nothing "classic" about the way that bitcoin behaves and trying to analyse it like that is a dangerous game. It has been on a long upward trend for a while now, so it could be a retracement or it could be the start of a much deeper plunge. Lots of people still seem interested in it however, so it may be a minor blip.
We could go back to the previous support trend line at $16,300-ish, or we could bounce back at $18,300-ish to continue an agressive bull run. Either way, the overall trend is still very bullish. I wouldn't consider a bear market to start unless we spent a lot of time under $11,000, or even $7000 Total coins: 21 million. People not buying as many as they can: total idiots. CME: Mindless FUD. Just wall street gamblers and their contracts, has no relevancy to Bitcoin. FIAT: Continues to print insane amounts of money. I don't see a bear market anywhere. Therefore, buy the dip applies. |
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Accumulate Bitcoin as much as you can. And thank me later...  Assuming that you posted this crap yesterday, the price was less than $18,000 at that time Now it is upto $19,500 each bitcoin, and it touched $20,200 today at the morning, i remember it because i was sleeping like a zombie and suddenly i woke up to see coinmarketcap, and yes! the price was over $20,200. This recent pump has been caused only be the CME futures, there is not any other explanation for this. So lets keep hyping it, maybe it can be touching more than $22,000 before the end of the year. Of course there is another explanation... the explanation that the bitcoin asset is limited to 21 million coins forever, which means a constant bull presure irrespective of what news are going on. Only for the collector's value it keeps going up. We will find out soon what CME is all about. I think we could touch $16,000 easily then bounce back, just as we did from $16,000 to $12,000 to bounce back. Im not scared of that, and that could be just normal market ups and downs, and people will think it's CME when it's not. |
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Classic retracement from first attempt to break $20,000. We already saw this before in other round numbers, happens sometime. Dip followed with nonsensical CME shorts FUD will be followed by a new ATH in a couple of days. Buy the dip or cry later, be warned.
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Those prices are not from coinbase, they are from GDAX, they are the same because they are the same company, but coinbase did not put those rates.
And maybe you mean that "gdax" has always had the most expensive rates, but that is true, the last time that bitcoin had an all time high, gdax showed $19,300, while bittrex/polo were at $17,400 if i am not wrong.
You forgot Bithumb which peaked @ $22500 during the insane run. Idk if they even count that as an ATH since it surpassed all the known highs in bitcoin, but then again, it's not a Western exchange so statistics won't probably count it as one. There are other scenarios in which Asian exchanges surpassed Western exchanges in terms of peak price, for example some Indian exchanges outperforms Western exchanges BTC/USD but still they won't consider it as an ATH lol. It seems to me that all the rest of the exchanges are about to catch up with the new $20000+ reality. If an exchange crosses $20k, the rest would follow, and it's finally happening. Bitstamp is about to hit $19k. Usually Bitstamp is the most sloppy one to get prices going. Once Bitstamp crosses the barrier, it will be "official" that Bitcoin has crossed $20k, since once Bitstamp and Bitfinex do it, most have done it already (also a lot of people use Bitcoinwisdom to keep track of prices and these are the 2 big volume exchanges there). |
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The reason these bitcoin forks are so high in coinmarketcap is due the fact that they basically copy-paste the entire holdings of bitcoin users and put them on another blockchain, so they make a ton of people participant of that economy out of nowhere, this tends to create some fake numbers when it comes to marketcap. All of these forks have no reputable people working on them, they range are from experiments to scams. Nobody with a clue would hold long term any of them. Most people simply dump them on sight for free BTC.
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Coinbase is always higher than the rest of the markets for some reason... I think it's because they are incredibly slow in transaction times. Right now it's pretty equal tho, look at current Bitstamp and Coinbase prices. Different technical analysis depending on the exchange is normal, but this figure is indeed very interesting, that wick is very aggressive and made a symmetrical triangle while Bitstamp is forming an ascending one... hard to say, but im bullish. I don't think Coinbase is a market maker, in fact, no exchange is, at this point Bitcoin is too big, too many markets with solid volume. |
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