Im holding. I sold a small fraction of a bitcoin back in December and it was a trading disaster. Fortunatelly I recovered it, but the timing was bad, if I had waited a few weeks I would have made some profit (in btc, mind you, not in fiat).

Im just horrible at trading, so Im going hodler with btc. Too risky to short, you cant predict it.

I voted $4000. Dont want it, but we need to be realistic.

Market is being manipulated. They want your coins. Who are they? It can be anything: the old whales, the funds betting on futures, the banksters. But they just want it. They dont want bitcoin to succeed as a currency, only to turn rich at the expense of others.

The good thing is that this will pass. Every january the market crashes. And the recovery is always around march and april. They will run out of coins sooner or later.

We will be back on track. If you are long-term, theres no need to panic.

Its a crash, OP. It can go anywhere. TA dont work with bitcoin.

I hope you didnt go all-in, because its risky. 10% of users control 90% of supply, and they are doing a bloodbath right now.

Just lock your bitcoins safely and hold the line.

Im going to hold it, OP.

If we will really have this insanity of going from 20k to 4k in a matter of weeks, then it is not worth selling, as the opposite might also happen, at any minute and without warning.

Thanks for the warning, duck, but we already know it will rise to 25k by march.

Well, theres a feel of "hybernation" in the air, seems the price is freezing and theres lower highs and a slow fall. Thats why I assumed we were in a bear market already, and the price would go full irrational to even 4k.

But you are implying theres a second bubble, in the opposite direction, a bear trap. Theres a lot of resistance and selling orders are quickly fulfilled, the whales cant short to where they want the price to be, hence this desperate FUD about a subpoena to Bitfinex from 6 december, timed exactly with CME settlement date. Thats why I believe we have a short bear trend, that it will last perhaps some weeks. When LN is released to the public, this trend might be over and price will go up again.

Thats because CME/CBOE were to "tame" bitcoin, and they cant do it with Bitfinex issuing tethers which, supposedly, would be pumping the price of bitcoin.

They want the price of bitcoin down. They want it to be 1k. That what futures is all about, to crash it so that Wall Street can buy it cheap, and then turn it into a institutional game, like stocks and PMs. A game were they always win and the average Joe always lose.

How can they do that if theres no FUD campaign to bring it down? So they close one of the main exchanges, ban tether, say it was a fraud and hence, ban all crypto-currencies, but only temporary so that people sell it to them, then unban it and turn their game on. Then you will have Dimons and Buffets saying they were right the whole time, or saying that now bitcoin is a "safe investment" like stocks and PMs.

But then it would not be 500 billion anymore.

See the point? Its the same with tether and any other speculative asset.

People are looking to bitcoin as a way to increase their fiat money, not as a way to get rid of it, with a new system of value. Thats why they panic sell, theres not enough adoption.

For bitcoin and the other cryptos to really value 500 billion, people should not sell it, but use it in place of fiat. So, its a technical problem, the fees and scalability.

However, people dont pay attention when this is fixed, when the mempool is cleared and you can send it with a lower fee, they only pay attention to the media FUD. I paid 29 satoshis per byte to send 0.01 some days ago, and it was fast, was confirmed in less than one hour. When the network is not spammed, it really works.

Lets suppose a scenario where everybody wanted to cash out bitcoin and every other crypto-currency, to sell it for fiat, all at the same time, every single holder.

So, 500 billion dollars would be withdraw in a single day.

Do you think the exchanges would have that amount of fiat money?

Same thing with tethers, or with derivatives. Theres not enough money on Earth to cover all derivatives contracts at the same time. And thats how modern finance works. If they work that way, why bitcoin could not?

Bitcoin is a new system of value. What about we invert the relationship?

Instead of bitcoin, fiat will be the speculative asset, and bitcoin the currency. What about it? Would you invest in fiat state-sponsored money? Hey, bears, I just found the market for you, its fiat currencies. Its always going down.

This is recycled FUD.

Bears are running out of ideas.

Thats the consequence of thinking in fiat terms. They short it and get squeezed, because fiat is always depreciating.

Do you think theres enough fiat on the exchanges to cover 500 billion?

Do you think theres enough fiat in the entire world to cover the 1.2 quadrillion derivatives markets?

Tether is only 2.3 billion in a market of more than 500 billion.

Think about it for a minute.

Actually they will spam it everytime they feel the price will be rising.

The mining cartel have a lot of bitcoin at their disposal. They can dump it anytime, to provoke a massive sell-off.

But when it wont work, they just spam the network to increase the fees, so the price wont go too high.

Now, looking at the last chart published by masterluc, where he shows some waves, we can see a pattern forming where bitcoin is going increasingly sidelined.

Maybe the intention is to stabilize the price, so that when LN is fully implemented, bitcoin can de facto become a currency. Who knows, I think its too early for that, bitcoin will still be a speculative asset for at least a couple of years.

Diga isso para eles.

https://99bitcoins.com/bitcoinobituaries/

Todos os dias sai "notícia" dizendo que o bitcoin vai morrer, que vai cair pra 1000 dólares, que é uma bolha, que todos vão perder dinheiro, etc.

E quem diz isso? O tal mercado tradicional. São eles que atacam o bitcoin constantemente na mídia.

Veja este monte de lixo aqui: https://www.express.co.uk/finance/city/911293/Bitcoin-price-crash-cryptocurrency-tether-Bitfinex-dollars-market-investors-value-latest

Um crash no tether só prejudicaria quem tem tethers, da mesma forma que um crash no ethereum só prejudica quem tem ethereum. Mas ficam espalhando medo por causa da Bitfinex.

Inventaram esta teoria que eles estão imprimindo tether do nada para compras falsas de bitcoin, o que não é verdade, pois o tether é usado como substituto ao dólar na Bitfinex. A Bitfinex teve problemas com os bancos, por isso inventou o tether.

Mas não é o que esta merda de tablóide diz. Agora, quem paga estas matérias? Os grandes banqueiros, os especuladores do mercado tradicional.

São eles que fazem a guerra. Nós só nos defendemos.

Well, if 10% of bitcoin holders control 90% of the supply, we can guess a sideways move for two years would distribute bitcoin more evenly. Any whale selling now would not be able to buyback, as the price wont go down any more.

We just need to spread the HODL cult for the newcomers. The more people holding bitcoin, the more it will succeed.

What about up?

Everytime some whale try to push it down, people go there and buy it, and the price goes up again.

Then they try it again, and people buy once more.

That's why it will go sideways.

Two things can happen now: either we go sideways until the end of february, or we go sideways for two years.

Market is in hybernation. We just dont know for how long.

Bitcoin already dropped 60%, from 20k to near 8k.

A drop of 80% from here would result in a drop of 92% since previous ATH. This would break all support levels, and price would be around 1k, a prediction usually made by banksters.

Not gonna happen.

This site is a tabloid, is sensacionalist. This is just another bitcoin obituary, another article paid by the likes of Soros and Buffet.

Very toxic. It already dropped 60%. If it drops 80%, we would have a 92% drop since december.

That breaks all support levels. It would break 8k, 5k, even 3k. We would be at 1k.

Not even the bears take this seriously.

Fact is, the big banks, the big finance, they are pissed. They thought the pump and dump from november to january would break bitcoin. They thought futures would dump the price. But it still holds above 10k.

Was XEM price affected by that hack? It had a pump yesterday.