You dont need to sell everything. You can sell a small part to buy back at the bottom.

Its the same way when you put 5-10% of your bitcoins in a altcoin exchange, you go there to increase your bitcoins, not because you have faith in some random white paper.

Bitcoin versus Bcash:

http://www.youtube.com/watch?v=m_3t9dORHzY&t=6m17s


The last 3 months in 47 seconds:

https://www.youtube.com/watch?v=TjdkmAArimc

And the bankers were the rats?

It will touch this price, OP, but it will not stay for long there.

16 february is the chinese new year. We have 11 days until there.

Sgbett, you have a crystal ball. Are you competing with masterluc to be a cripto-wizard?

We are really going to $4100. Didnt want to believe it, but now its clear by the charts.

Yes, they are. We are going down to $2500, perhaps to $1000. Some bears are saying we can be back to three digits.

The institutions are mauling it to the ground. Some users, to feel more confortable, are saying it will bounce back in some days, but it will not. I myself have hope it will recover before march and reach a ATH right there.

But I admit, its more hope than a rational understanding, because one fact is very clear here: big money have entered the market. Its not tether, because Ifinex probably already recovered whatever they had used to pump the price (its 2.3 billion against a 100 billion drop). Its not the chinese new year either, because crashes in other years were milder and shorter than this one.

Its simply... death. Thats what big finance did to gold and silver, and they are doing to cryptos right not. They are shaking it very hard, so that when they open the Nasdaq futures, they are in control of it. If you read the news, they are not sure yet if they will open futures in Nasdaq. I guess they will only open if they have dominance of the market.

The situation is scary, we can be close to zero in a matter of weeks, but the fundamentals are still there. Question is, should we sell now to buy back lower? Or are we close to the bottom? When it was 10k, people said it was the bottom. Then theres the user support at 8k. Now we are going to miner support at 5k, and after that, what will be?

Tether is 2.3 billion, market cap was decreased in 100+ billion.

But there is small volume in the exchanges, so yes it is possible to manipulate the price.

Hence why the market cap is not a trustworthy number. They should have a market cap counting only the volume on the exchanges.

Now someone could say to hodlers to put their money there, just to apply pressure, but everytime a exchange get too much volume, it is "hacked" and people lost everything, so nobody is going to do that.

We need a decentralized model for the exchanges, so that people can apply pressure on it and such manipulation might not be possible. A decentralized model that counts all the blockchain volume at once, and can be accessed through the personal wallets.

It was before that, they entered October 30th 2017, when futures got announced. They pumped the price, seduced the sheeple, and now we are going to $2500, if not to $1000...

These people are evil... they're gonna do to bitcoin what they did to gold and silver before. And the sheeple are going to fall for their tricks, as always.

Yes, they started buying when futures was announced in october, and bought even more when CBOE opened. However, they dumped it after CME futures opened for the first time in december. I guess some old whales are involved with it, too.

I think it can go to $2500, but I didn't sell. It can spike up at any moment. You can't predict it, because the market is manipulated (10% of users controls 90% of supply).

I suggest you hold it through the storm, because eventually it will go up, and we will be at $25000 and beyond. The only problem is when, this can last some weeks or months. I think it will go down for some weeks, and it will be back to normal by march, but you never know, it can become another 2014.

25k in march, 50k in july, 100k around november and december.

It will happen. 635% is nothing compared to 1600% in 2017.

Can you deposit and withdraw fiat in Bitfinex? I thought you had to buy tether first, because they had bank problems... I dont use that exchange.

If the institution that control tether dont have all the money they supposedly have, and have been accumulating bitcoin over time, they might be dumping it in other exchanges for real dollar, to back the tether. Maybe this is causing the price to go down, as they need to sell quick. And they can fake those books, if the time is required.

But this is just conjecture, we will never know the extent of it. One thing we know is this tether business is very fishy. If they have been pumping the price artificially all this time, they might be dumping it, and if this is true, it can create a signal for shortings in the future... every time some regulator talks about auditing Bitfinex, we will have a bear signal. This, of course, if everything ends well for all sides. Because in most cases, it dont.

The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.

They need to buy real dollars to show to the coming audit. Only when they have the truck loaded and the audit done that they will print more.

I hope they print 10x more, just to watch r0ach post a dozen of walltexts about ponzi schemes, silver, jews, women, etc.

Seems we stopped at 8k.

There was a period where the price consolidated on that level, in november if Im not mistaken. It stayed one week on there.

It was assumed that money coming after 8k was mostly institutional, coming from Wall Street.

Nobody trusts and listen to economists here.

Economists are like tamed dogs, whereas we hodlers are the wolves. We dont speak the same language.

Eu acho que vai ser o contrário heim.

Did you go all-in, OP? People who go all-in usually make such decisions when the price falls too much.

I would recommend putting only between 10-20% of your savings, even if they are small. Dont go all-in, and go long.

I believe we will be 25k in march, 100k before the year's end.

Bitfinex was probably behind this bear run. With the pressure from the regulators, they dumped their own coins in other exchanges, selling them for real dollars. They could not do that in their own exchange, it would be suspicious. Thats why their prices were higher.

Now I think they had made the money they wanted, to back the tether, and will do the audit. The world will see that tether is backed by real dollars, and tether holders will be safe. And of course, Bitfinex will print even more tether, to pump the price to 100k and beyond, with fake buy walls to spark FOMO.





I dont know why you get mad at it. Stock markets do this everyday.