DOWN WE GO - Market is unstable. It will crash around halving day.

[nururochac]

What a spectacular crash! Down, down, down from a towering $660 $680 to a measly $650 $645.  

Everyone was expecting the price to shoot up. Imagine if on your birthday, instead of getting presents from your friends, they show up and steal your money. Not much, just a tenner each, only $40 total, but still. . .

Everyone who?

Lots of people expected a massive dump because of the end of the manipulative pump.

Looks like the expectations annulled each other and nothing happened

People only expected a dump because they though the halving make it rise the price in value to ridiculous #`s.

But I can see more of the price #`s jump for different reasons that have the worlds financial turmoil events to eye on bitcoin as a temporary position - which can make the price go up.

You wont see a dump unless it gets to greater #`s thats the way I see it.

selling after a big rise is not really a dump that is correction in my opinion. and those who were calling dump a while ago before halving were trying to spread some FUD to create panic so that they could buy cheaper coins and maybe short bitcoin.

That is called grabbing the chance to profit, that's a strategic way and commonly used in trading. Selling your coin so it will give you an assurance for profit doesn't mean you dispose and doesn't believe in bitcoin anymore. That's not the case.

[1713906588]

1713906588

[1713906588]

1713906588

[crairezx20]

What a spectacular crash! Down, down, down from a towering $660 $680 to a measly $650 $645.  

Everyone was expecting the price to shoot up. Imagine if on your birthday, instead of getting presents from your friends, they show up and steal your money. Not much, just a tenner each, only $40 total, but still. . .

I actually thought it would drop to about $600. It seems like so much of the capitalization is in speculation.  I guess the Chinese investors have more of a stomach for it?

Chinese want another currency for to become the global currency as they do not want USD to be the powerful and their currency has not that much potential to become the global currency so they are focusing on bitcoin to make it a global currency, as the want to be the super.

I think its impossible to happen that bitcoin will replace usd its very hard to happen since usd is already publish and use in many countries and many exchanger of every country tat you can convert usd to your country money..
And i think we already use bitcoin widely we dont need to replace usd im satisfied that we can use it here in online but i am expecting that our country will be the same as brazil that has 150 stores accepting bitcoin as payment locally..

[ask]

Opened some more shorts. 

[Tzupy]

Opened some more shorts. 

Bad idea...

[600watt]

Opened some more shorts. 

have fun with your ...

[nururochac]

Opened some more shorts.  

Have any update about the coins you dump? Sure you did a right decision living your life and moving slowly forward . You can always come back and buy some coins before it's too late.

[socks435]

Opened some more shorts.  

Have any update about the coins you dump? Sure you did a right decision living your life and moving slowly forward . You can always come back and buy some coins before it's too late.

Yeah the best we can do now is to buy because the price is gradually increasing again and the price right now is 680 and i think this is the starting that the price will increase and hit to 700 value soon.

[ask]

Everyone is bullish...  Until....

Story repeats...

[markj113]

Chinese want another currency for to become the global currency as they do not want USD to be the powerful and their currency has not that much potential to become the global currency so they are focusing on bitcoin to make it a global currency, as the want to be the super.

You are living in cloud cuckoo land if you think the Chinese are trying to push Bitcoin as a new world currency rather than Yuan.

Why the fuck do you think they are buying so much gold the last year to two - maybe to gold back the Yuan as the next world reserve currency maybe 



Some people on this forum are so bitcoin blinkered its staggering.

[Bokelka]

I think it is quite difficult for the Chinese Yuan to be the world reserve currency like US dollar. They do not have the military power.

[markj113]

I think it is quite difficult for the Chinese Yuan to be the world reserve currency like US dollar. They do not have the military power.

They are already well on the way to achieving that goal - you need to read up more.

The petro dollar is on its last legs with more and more trades taking place completely bypassing it.

[Dajackal]

I think it is quite difficult for the Chinese Yuan to be the world reserve currency like US dollar. They do not have the military power.

They are already well on the way to achieving that goal - you need to read up more.

The petro dollar is on its last legs with more and more trades taking place completely bypassing it.

How long do you thin it will take before the us dollar falls of the list and the Yuan takes its place?
You think we can see that in the next decade?

[dumpida]

I think it is quite difficult for the Chinese Yuan to be the world reserve currency like US dollar. They do not have the military power.

They are already well on the way to achieving that goal - you need to read up more.

The petro dollar is on its last legs with more and more trades taking place completely bypassing it.

How long do you thin it will take before the us dollar falls of the list and the Yuan takes its place?
You think we can see that in the next decade?

The Chinese Yuan will not replace the US dollar as the world reserve currency. China does not have enough military power.

[ASHLIUSZ]

I think it is quite difficult for the Chinese Yuan to be the world reserve currency like US dollar. They do not have the military power.

They are already well on the way to achieving that goal - you need to read up more.

The petro dollar is on its last legs with more and more trades taking place completely bypassing it.

How long do you thin it will take before the us dollar falls of the list and the Yuan takes its place?
You think we can see that in the next decade?

China's Yuan Won't Topple the Dollar even in next decade. Concerns that the dollar's days are numbered lack merit. It was always a ridiculous contention, and it seems even less reasonable now. Not even a year ago, consensus thinking saw China's yuan on the verge of replacing the dollar as the world's premier reserve currency.

[ask]

Opened some more shorts. 

have fun with your ...

Shorts closed with PROFIT (20x leverage)

[markj113]

You think that the USD is going to remain the reserve currency indefinitely?

History tells another story

[Bokelka]

You think that the USD is going to remain the reserve currency indefinitely?

History tells another story

Next one will be the world currency, a digital coin called the Bitcoin. It will be used in every part of life.

[ask]

Unfortunately I closed shorts too soon.  It will go down...

[wikenpp]

The price will go down a little bit but I don't expect it to go under 600 dollars. The market has very solid and stable support near the 600 dollar area.
Looking at the current chart it feels like the whales want to hold 600 dollar, so they can start a new pump at the end of this year.

Sure, it's speculation but, this is likely to happen.

[buyinbtc]

Unfortunately I closed shorts too soon.  It will go down...

the price is definitely not going to go down any time soon in my opinion because a lot of people are still willing to buy bitcoins and make a lot of easy money with it