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yonton
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December 22, 2017, 07:27:59 AM |
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The rally in spring 2013 peaked at $262 and then briefly dropped as low as $50. If this is the beginning of a "Real Bitcoin Crash" there may be great opportunities to scoop up coins below $5000.
The thing is that all other coins are down, so its not just a BTC-crash alone, but something else in the environment too. Or I may be entirely wrong. It's pretty common for the entire crypto market to fall in unison during "Real Bitcoin Crashes." That said, I'm still not sure if this will become one. We're not even at 1/2 the peak price. Serious crashes fall to 1/4 to 1/10th of the peak (so $2,000 to $5,000 in our case). It's not 2013 anymore guys. This is a much different market than it was years ago. |
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orpington
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December 22, 2017, 07:32:27 AM |
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well that was completely fucked.
is it over?
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somac.
Legendary
 Offline
Activity: 2122
Merit: 1256
Never selling
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December 22, 2017, 07:33:14 AM |
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It's pretty common for the entire crypto market to fall in unison during "Real Bitcoin Crashes."
That said, I'm still not sure if this will become one. We're not even at 1/2 the peak price. Serious crashes fall to 1/4 to 1/10th of the peak (so $2,000 to $5,000 in our case).
It could just be a bit slower to get down there this time. Though I hope that the market is more mature now and it doesn't get there at all. |
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Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
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December 22, 2017, 07:34:42 AM |
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well that was completely fucked.
is it over?
Not sure. Normally you see higher volume at the bottom of each wave down. This wave is slightly higher volume on Bitfinex so I'd say 50% chance it goes lower very quickly before bouncing again from the $10ks or the $11ks. |
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somac.
Legendary
Offline
Activity: 2122
Merit: 1256
Never selling
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December 22, 2017, 07:34:44 AM |
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well that was completely fucked.
is it over?
probably not, but, lets hope so |
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mike4001
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December 22, 2017, 07:34:52 AM |
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well that was completely fucked.
is it over?
This is not the Christmas present I wanted :-/ Then again ... We are still up 50% from 30 days ago ... |
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alexeft
Legendary
Offline
Activity: 854
Merit: 1000
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December 22, 2017, 07:35:13 AM |
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well that was completely fucked.
is it over?
No. It goes like this: - Bitcoin is too high, let's dump and kill it! - It went down, but didn't die, let's buy some. - New ATH, several times higher than the previous one. - Go to step one.  The whole thing looks like a dead cat bounce, only inversed, shall we call it an "alive cat jump that grows bigger and becomes a tiger"!  |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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December 22, 2017, 07:35:43 AM |
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The only regret I have is not having fiat available to buy more.
Transferring value over the Internet is not going away. Quite to the contrary.
If you cannot stand Bitcoin ‘correcting’, turn off your PC and login tomorrow again.
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yonton
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December 22, 2017, 07:38:10 AM |
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Who the fuck orchestrates these dumps. It can only happen with many large holders working together.
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
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December 22, 2017, 07:38:40 AM |
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the question I have is this
mine LTC....pay my income tax on this...say 25% of what was mined....sell on coinbase....and pay (if less than a year) 40% capital gains tax
but
If I mine LTC and pay income tax on this ...again 25% but xfer the LTC to BTC I am hit with another 40% capital gains because in 2018 it is gonna act like cash
and no like kind?
or did I miss something
(if above is correct now I know why BTC and cypto's are crashing)
in USA
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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December 22, 2017, 07:38:45 AM |
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The only regret I have is not having fiat available to buy more.
Transferring value over the Internet is not going away. Quite to the contrary.
If you cannot stand Bitcoin ‘correcting’, turn off your PC and login tomorrow again.
Breaks my heart... Logging off. |
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orpington
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December 22, 2017, 07:38:50 AM |
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The only regret I have is not having fiat available to buy more.
Transferring value over the Internet is not going away. Quite to the contrary.
If you cannot stand Bitcoin ‘correcting’, turn off your PC and login tomorrow again.
Just when I thought it was safe to buy that lambo... shit... |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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December 22, 2017, 07:41:33 AM |
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Is bitfinex the new gox?
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yonton
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December 22, 2017, 07:41:41 AM |
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the question I have is this
mine LTC....pay my income tax on this...say 25% of what was mined....sell on coinbase....and pay (if less than a year) 40% capital gains tax
but
If I mine LTC and pay income tax on this ...again 25% but xfer the LTC to BTC I am hit with another 40% capital gains because in 2018 it is gonna act like cash
and no like kind?
or did I miss something
(if above is correct now I know why BTC and cypto's are crashing)
in USA
Few people pay tax from there bitcoin holdings. And no it doesn't work that way either. |
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CristiTCM
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December 22, 2017, 07:41:49 AM |
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I hope Lightning Network will be implemented in bitcoin. Then the price will skyrocket  . What do you guys think? |
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orpington
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December 22, 2017, 07:42:45 AM |
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nothing wrong with a good thrashing once in a while right?
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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December 22, 2017, 07:43:02 AM |
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am calling bottom and we pump, we'll see
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jojo69
Legendary
Offline
Activity: 3346
Merit: 4621
diamond-handed zealot
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December 22, 2017, 07:44:26 AM |
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nope
1 more
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yonton
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December 22, 2017, 07:45:00 AM |
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The dump we had in the summer dropped from 3k to 1.8k. So this is similar in percentage.
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ViciousWarlock29
Newbie
Offline
Activity: 98
Merit: 0
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December 22, 2017, 07:45:12 AM |
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I think the light network is really needed right now. Or bitcoin will fall and will be back to start. Investors are rushing in right now.
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