Bitcoin takes HUGE dip, Regulation becomes a concern and bitconnect turns in

[btc2mars]

Bitconnect is such an unnecessary episode Im glad it ends now rather than later!!

[ktabb]

I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

[TimtheYoutuber]

I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I still think it is under evaluated, but that doesnt mean it is at a good price right now. So I do agree with you in that bitcoin can certainly fall back down. Lots of people have posted "it will never go below $10k again" which its way to bold of a statement.

[Enjel]

I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

[TimtheYoutuber]

I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.



If you are reading graphs you are surely getting crushed right now.

[Enjel]

I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.

If you are reading graphs you are surely getting crushed right now.

The top traders all use graphs successfully. TA is actually a big deal - if you looked at all the holistic factors a few weeks ago, well, that didn't help any coins.

Everyone is getting "crushed" right now, but actually my portfolio is being propped up by PRL, which is actually green in this red.

It's just luck though, at the end...

[gabmen]

I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.

If you are reading graphs you are surely getting crushed right now.

The top traders all use graphs successfully. TA is actually a big deal - if you looked at all the holistic factors a few weeks ago, well, that didn't help any coins.

Everyone is getting "crushed" right now, but actually my portfolio is being propped up by PRL, which is actually green in this red.

It's just luck though, at the end...

Well ta probably didn't expect this to happen so soon. More important that knowing how to read ta, you must be aware of what's happening in the crypto world. Bitcoin most of the time just throws ta out the window.

[Enjel]

I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.

If you are reading graphs you are surely getting crushed right now.

The top traders all use graphs successfully. TA is actually a big deal - if you looked at all the holistic factors a few weeks ago, well, that didn't help any coins.

Everyone is getting "crushed" right now, but actually my portfolio is being propped up by PRL, which is actually green in this red.

It's just luck though, at the end...

Well ta probably didn't expect this to happen so soon. More important that knowing how to read ta, you must be aware of what's happening in the crypto world. Bitcoin most of the time just throws ta out the window.

True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.

[TimtheYoutuber]

True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.

Perfect reason to not try and read graphs :p

[markj113]

True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.

Jumped straight back up?
$6887 at the moment

I expect to see $5k

[TimtheYoutuber]

True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.

Jumped straight back up?
$6887 at the moment

I expect to see $5k

Trying to pin point is very hard as you can see. Especially for these "graph reading magicians"

[nc50lc]

Trying to pin point is very hard as you can see. Especially for these "graph reading magicians"

They aren't magicians, they are Prophets.

Technically there are about 10,000+ prophets in this forum. They speculate a different price ranges at some point, and when the time comes, one or two will hit current price. If 1/10000 Prophecy was correct, it will debunk all logic that discount graph reading techniques.
Then the lucky prophet among the normal prophets will say "I've seen this coming".

[TimtheYoutuber]

Trying to pin point is very hard as you can see. Especially for these "graph reading magicians"

They aren't magicians, they are Prophets.

Technically there are about 10,000+ prophets in this forum. They speculate a different price ranges at some point, and when the time comes, one or two will hit current price. If 1/10000 Prophecy was correct, it will debunk all logic that discount graph reading techniques.
Then the lucky prophet among the normal prophets will say "I've seen this coming".

Exactly, they should get a group of 1 million of them to speculate every dollar of bitcoin, so that some day one of them will be right with the peak.