luckygenough56
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Activity: 1442
Merit: 1009
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February 05, 2018, 05:37:09 PM |
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DOW JONES falling like a stone in the water. Global economy is falling down. WTF is going on?
ok am buyin tuna cans, meds, water and a bit of godl and silver Don’t forget Some btc’s i prefer to buy real candles, they will be of more use than btc if power goes out |
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Biodom
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Activity: 1988
Merit: 1222
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February 05, 2018, 05:40:16 PM
Last edit: February 05, 2018, 07:27:52 PM by Biodom |
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**Edited: CFTC has rescheduled the date for this event from Feb 6th to Feb 14th, 2017.**
Someone decided that they might need to deal with the plunging stock market instead and leave crypto alone? One would hope, but whatever. It would be "funny" if they wanted to damage crypto and shot themselves in the foot so to speak. It already happened before. A law of unintended consequences. EDIT: Dow is down more than 500 points again. |
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Wolf Rainer
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Activity: 1848
Merit: 1009
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February 05, 2018, 05:42:49 PM |
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markj113
Legendary
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Activity: 2198
Merit: 1041
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February 05, 2018, 05:47:03 PM |
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ok am buyin tuna cans, meds, water and a bit of godl and silver
HODL the GODL? |
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Searing
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Activity: 2128
Merit: 1121
Clueless!
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February 05, 2018, 05:51:17 PM |
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there is a thread in the speculation subforum called "meme speculation" Why was it locked? Went through couple of pages.. it looks fun.. I started a meme link, a while back..went no place....likely, I put it in the wrong area https://bitcointalk.org/index.php?topic=2211133.msg22274105#msg22274105anyway, just an aside |
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rafanadal
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Activity: 371
Merit: 31
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February 05, 2018, 05:57:53 PM |
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6xxx  |
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Enjel
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Activity: 70
Merit: 21
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February 05, 2018, 05:59:04 PM |
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I look at the charts, and I can't help but feel a bit worried, since the trading price is tanking so much.
However, I truly believe that we are still in an early adoption phase. I believe that in 1-2 years, possibly longer, we will look back on this as just another one of those small blips, like we look back on $1000 to $100 drop in 2014 (which I didn't experience personally, but I know that must have been painful for many).
Instead, I feel sad for a different reason.
Personally I'm rather more disappointed in what I caused for my family - my family owns about 2+ Bitcoins, a lot of LTC, ETH, and a wide variety of alts that many old-timers would call "ERC20 shitcoins".
Although I was an early-ish adopter, the large amount of money my parents put in to crypto basically means we are down a lot, overall.
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smracer
Donator
Hero Member
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Activity: 994
Merit: 1002
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February 05, 2018, 06:02:03 PM |
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Why does it take so long for everyone to panic dump? Just do it already.
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markj113
Legendary
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Activity: 2198
Merit: 1041
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February 05, 2018, 06:04:40 PM |
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Just hit $6950 then bounced just over the $7k mark again.
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svdleer
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Activity: 112
Merit: 10
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February 05, 2018, 06:04:49 PM |
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300 BTC @ 7K buy wall pulled @ GDAX
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Dakustaking76
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February 05, 2018, 06:06:27 PM |
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Guys i think this isnt a healthy correction, this is a crash...
We tanked more then 60% in price And still going we had many correctios
When the price was high So Dont Tell me this is a correction.
Banks And the goverments are toying with us And banning crypto
And maybe this Will go on
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torrentco
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February 05, 2018, 06:07:37 PM |
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no support?not a single bit of resistance??
wtf is going on seriously?
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Searing
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Activity: 2128
Merit: 1121
Clueless!
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February 05, 2018, 06:10:24 PM |
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I'm usually a bull, but with the coordinated (as in lets every gov't pile on the dogpile now that BTC is dropping with regs/fud) my current thought is, that IF Tether news comes out as scammy.....BTC will dump below 4k and rebound ...if we are lucky to 8k then a year of sideways hope I am wrong....but I see India...piling on next and copying China FUD and then IF Tether is shown to play games FUD.... We, IMHO are not at the bottom yet.... (HODL, I shall though. I don't need this crypto to live my lovely slick, wrong side of the tracks...suburban trashy lifestyle....I have enough for retirement in the regular USA stock market.... ...ah crap...that is why I got into crypto in 2013...in the first place....damn, I am totally F**KED! indeed)  Oh well, I always secretly knew my retirement would consist of being a 'Wallmart Door Greeter' ... |
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yefi
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Activity: 2086
Merit: 1156
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February 05, 2018, 06:11:53 PM |
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Assuming this mirrors the $2 -> $266 rally, $5000 will probably be a good stopping point.
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sirazimuth
Legendary
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Activity: 1582
Merit: 1139
born once atheist
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February 05, 2018, 06:15:10 PM |
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I hear Tom Petty song playing in background...
FREEEEE...
FREE FALLING!
Free falling. Now I’m free falling....
Free falling....
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rafanadal
Member
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Activity: 371
Merit: 31
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February 05, 2018, 06:17:10 PM |
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No such thing as resistance or support
where was the resistance when it was going up, breaching record after record ?
btc is not your regular stock market.
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FractalUniverse
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February 05, 2018, 06:17:42 PM |
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This is healthy crash. If it gets yet another 1k lower, I'll panic buy with most of my remaining tethers  |
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elg
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February 05, 2018, 06:18:11 PM |
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yes, looking at the 6 month / 1 year chart $5000 looks like the bottom
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Biodom
Legendary
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Activity: 1988
Merit: 1222
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February 05, 2018, 06:18:23 PM |
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Assuming this mirrors the $2 -> $266 rally, $5000 will probably be a good stopping point.
I am getting more interested to know if the Dow is about to go down 20% or more. Something is upsetting the markets as a whole. |
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