bitcoin bankruptcy

[coolcoinz]

Even with the bearish market, bitcoin was keeping in the range of $ 6.3k to $ 6.8k. Now with the loss of support of $ 6k and later approaching losing $ 5k support, bitcoin can approach a large support around $ 4.1k and if not respected can take you at prices unimaginable since reached its ATH.

The price is not only about TA. It doesn't always revolve around supports and resistances. We were going flat at a very strong support of 6000 and had 5800 to breach right below it and we went through like a hot knife through butter. It didn't even take 12 hours to break both levels. Was that pure TA? No, it was whales liquidating their positions, future contracts ending, faketoshi threatening to sell his coins, Jihan switching mining from BTC to BCH.

[carlisle1]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

Seeing how bitter you are about the trend of market now,it only means you are here to make a living and not for the technology and future currency
If this attitude you will be having right here,better leave now because this is not your place,this is for strong hands and strong hearts because this market is volatil and anything can happen in a short time

[julius caesar]

If you can't withstand with the bears, if you still can't realize that bitcoin might end up in 1k sooner, and if you only rely your earnings in bitcoin/crypto, then its really hard for you to survive, really hard.

That's true, that's why it is not advisable to rely everything on bitcoin saving for future is must and we can be a ble to save if we have a stable job which can serve as our source of income. Depreciation of this Market must niitbe that big deal for us since we all know Bitcoin really grows in no specific date all we can do is to work harder.

[Hivalley]

Panic is one "demon" in this system,and it could have negative effects,this has been gone over and over again,you and I know what the condition of the market is, it's basically not predictable,and if you really wanna thrive you'll ignore minor dips and look ahead/forward to the bright side...
I'm not losing fate on the bitcoin just yet,i think you should do same

[bitbunnny]

Bitcoin is not for reckless investors and those who are here only for huge profit. And what kind of investment can guarantee profit all the time?
Bitcoin is volatile, don't forget that, and no one has ever said that up is the only way that price will go.
Bitcoin is not for those with bad stomach and panic attacks so if you are in that group better give up because it's too late.

[Ozero]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

In the place of whales, I would at this time begin to deliberately lower the course of Bitcoin, and through it the rest of the cryptocurrency. This is a very good time to squeeze out all those who doubt it from the cryptocurrency market. Now the holders of cryptocurrency, and so in a slight panic, and as the last hope they put it on the last six weeks before the new year. If they also see a sharp drop in the price of bitcoin, they can sell their bitcoins and then it will go down so the whales can buy it at a very low price. It is then after this that the real bull market will begin. Only this time it will grow in small jumps, but for a long time.

[giantrobot]

Do not be so worried, Bitcoin is not so easy to die like that. Actually Bitcoin is a very worthwhile investment, almost everyone wants to own it.
However, with the current market situation, you need to calmly observe the movement of prices in the market. I think with the mentality of those who own a lot of Bitcoin in their hands would be very scared of their money.

[MainIbem]

Bitcoin got to a high of over 170,000% above ICO price. That is enough indication that it is a bubble. The price is really abnormal.

[Huskarls]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

Apparently, bitcoin also needs new innovations, not only as funds, buying, selling, trading. it seems, that in the future, this trick will not work anymore, even bitcoin cannot run at a stable price. all fell into a deepest abyss. mostly and not just bitcoin. the impacts to the new and old projects are also very large.

[trungquoc4622342]

I agree with you that everyone wants to make a profit from Bitcoin but you have to accept the fact that the market is always volatile and can not follow your will. When participating in crypto you need to make sure you are willing to accept the loss.

[BossMacko]

With all the dips happening with Bitcoin, i still believe that it will bounce back up higher than before. I am thinking that this things that happens with Bitcoin is just a plot of whales to accumulate more until the day it will go ahead up again which means profit from them.

[Cryptoshops]

As with any kind of investment ... Never put all your eggs into one basket !!

[BitcoinPanther]

As with any kind of investment ... Never put all your eggs into one basket !!

Agreed!  We must always diversify, part on crypto, part on stocks, and if you can do traditional business, that is even better.  It is always devastating for an investor to invest in one basket since when this investment failed, it means 100% loss for an investor.  But if an investor diversify, if one investment is not performing well, I am sure other business will cover for that losses.  And another thing, Bitcoin is not ending and a possible recovery is on its way we just need to have patience and HODL.

[kudil]

Seeing how bitter you are about the trend of market now,it only means you are here to make a living and not for the technology and future currency
If this attitude you will be having right here,better leave now because this is not your place,this is for strong hands and strong hearts because this market is volatil and anything can happen in a short time

I aggree with you, really, I think we are in the beginning era of blockhain technology, and more popular than the previous year, but sometime we must make a strategy to save our funds (CUT LOSSES) in current situation. After that, think again about technology.

Bitcoin got to a high of over 170,000% above ICO price. That is enough indication that it is a bubble. The price is really abnormal.

Sometime we forget about this, and judge by current situation such Bitcoin Dead etc. So sad..

[osmo]

in my opinion all investments have a risk so don't easily trust anyone except yourself, preferably before choosing an investment study first so you can know the risks. bitcoin is one of the highest risk investments

[JeBro]

Looking at the daily fall of the cryptocurrency market, I have an analogy with last year’s growth. Today, everything happens exactly the opposite. I think the fall will last a few more days, then the swing will start moving in the opposite direction and we all will finally see the growth that we are waiting for.

[izanagi narukami]

We all aware that cryptocurrency still consider as risky investment because it's volatile and today , this week is happening.
No one expect this happening but bitcoin purely depend on supply and demand so when some company or country that don't support crypto anymore, the value will significantly decrease in global scale.

It's purely evil,isn't it ?

[fosco333]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

It is not a bankruptcy, just a collapse of the bitcoin price in the market.
Your money is not gone if you have not sell your coin. The last two months were just a movement of btc price in the market, no sign of bull.
If you think btc price will gone more deeper, you may sell it and buy back it later.

[pucunghul]

bitcoin will not go bankrupt, 4k is still pretty good compared to the price of bitcoin in 2009, and bitcoin fans will not let that happen with bitcoin, you better learn to focus more on being able to read market situations so that you don't go bankrupt.

[Snowflower11]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

There are many people like you who have lost in this market and they leave with empty hands, which is the consequence of the lack of knowledge before investing. We have to accept the risk associated with the profit margin that the market can bring, so if you can not accept the risk you will lose.