Searing
Copper Member
Legendary
 Offline
Activity: 2870
Merit: 1442
Clueless!
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February 06, 2018, 05:37:24 AM |
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I wanna know whats going through the mind of someone selling here. Do they think this is their last chance of selling at 6K?
They realize that we're probably entering a bear market that could potentially last a couple years or more and want to take a small profit or cut their losses while they can. Only if tether explodes alongside with bitfinex. yep...but the silence on this ...could drag this down quite a bit...even if eventually it all comes to naught ah hell, I'm kinda an ass anyway, I'd be more so if BTC was still at 18k........probably for the best..... I still have the suspicion that it is in fact Bitfinex/Tether who are selling their massive crypto reserves to have the $2 Billion USD in Tether fully backed. If we would just know how much selling they still need to do for that... yeah that is what I meant.....unclear...but it is sell/sell/sell time at bitfinex and tether right now to get their tether to usd relationship back to parity my guess anyway, would make sense...that is what pumped the bubble..if they took all the air and went home..that would deflate it in the same manner |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 06, 2018, 05:41:13 AM |
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Here is the bounce off $6k. Will it go anywhere ? Everyone is holding their breath. Volume is too weak. Looks like not.
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Bitcoinaire
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February 06, 2018, 05:45:00 AM |
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Have we hit despair or is it yet to come?
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 06, 2018, 05:47:03 AM |
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Have we hit despair or is it yet to come?
I have not seen a single media report that Bitcoin is dead. |
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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February 06, 2018, 05:48:25 AM |
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its funny when bitcoin was at 20K I always see these ads on the sidebar of 'wisdom saying 'DONT BUY BITCOIN'. I guess it was right for once.
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Toxic2040
Legendary
Offline
Activity: 1624
Merit: 3654
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February 06, 2018, 05:53:08 AM |
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yeehaw
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RoomBot
Legendary
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Activity: 2072
Merit: 1115
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February 06, 2018, 05:54:04 AM |
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$6000 bottom.
UP WE GO!
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jojo69
Legendary
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Activity: 2758
Merit: 3871
1/21000000 , the only math you need to know
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February 06, 2018, 05:55:26 AM |
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nope
just more stairstep down
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Bitcoinaire
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February 06, 2018, 05:56:51 AM |
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Have we hit despair or is it yet to come?
I have not seen a single media report that Bitcoin is dead. Nouriel has been flappin' his gums lately. https://twitter.com/Nouriel/status/960743853748883456 Nouriel Roubini As expected Bitcoin now crashes below $6000. Now the $5K handle is reached. And the US Congressional Hearing on Crypto-Scams is still a day away. HODL nuts will hold their melting Bitcoins all the way down to ZERO while scammers and whales dump and run... |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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 Look at the volume. Look at it. |
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RoomBot
Legendary
Offline
Activity: 2072
Merit: 1115
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February 06, 2018, 06:03:11 AM |
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nope
just more stairstep down
$6300 ATM Today BTC took a 23% hit BCash lost 26.35% value ETH dropped 28.34% and LTC lost 24.21% value Wall Street lost 1000 points |
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Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
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February 06, 2018, 06:03:19 AM |
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Look at the volume. Look at it.
It looks pitiful. But is that your point? |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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February 06, 2018, 06:05:35 AM |
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Look at the volume. Look at it.
It looks pitiful. But is that your point? Beacuse it's eclipsing everything else in the chart? |
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zazzbg
Jr. Member
Offline
Activity: 54
Merit: 1
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February 06, 2018, 06:06:15 AM |
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EtherCoin
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February 06, 2018, 06:06:43 AM |
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Have we hit despair or is it yet to come?
I have not seen a single media report that Bitcoin is dead. Nouriel has been flappin' his gums lately. https://twitter.com/Nouriel/status/960743853748883456 Nouriel Roubini As expected Bitcoin now crashes below $6000. Now the $5K handle is reached. And the US Congressional Hearing on Crypto-Scams is still a day away. HODL nuts will hold their melting Bitcoins all the way down to ZERO while scammers and whales dump and run... Isn't this the guy that keeps saying that bitcoin is dead since $100? Eth. |
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Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
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February 06, 2018, 06:07:52 AM |
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Look at the volume. Look at it.
It looks pitiful. But is that your point? Beacuse it's eclipsing everything else in the chart? I dunno. Doesn't look like that much volume:  |
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somac.
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February 06, 2018, 06:09:24 AM |
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Look at the volume. Look at it.
It looks pitiful. But is that your point? Beacuse it's eclipsing everything else in the chart? So bearish? bullish? |
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EtherCoin
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February 06, 2018, 06:09:59 AM |
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Look at the volume. Look at it.
It looks pitiful. But is that your point? Beacuse it's eclipsing everything else in the chart? I dunno. Doesn't look like that much volume: I think that he means the volume needed to keep the downwards movement has had to increase, therefore meeting more (hopefully organic) resistance. Eth. |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 06, 2018, 06:13:20 AM |
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Look at the volume. Look at it.
You cannot sum the sell volume and the buy volume. Of course the macro red candles are huge. You have to look at the micro green candles after the first bounce. They die away and then the price turns down again. By the way, I think this is a very healthy discussion that we are having. I have already modified my trading in light of your feedback to acknowledge the possibility of a large bounce. |
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FractalUniverse
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February 06, 2018, 06:17:29 AM |
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good bitcoin party hangover morning.  Got filled on my massive {relatively} buy order of 0.14BTC overnight. +im still keeping some ammunition for new lows, in case this tethers pump continues during the week. |
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