Bitcoin Breaks Below $50K as Market Sell-Off Continues

[YanBitMoney]

Up to the present time, Bitcoin only 50k; this is a very rapid decline in the current exciting time. JP Morgan has also confirmed that if it cannot return to 60k soon, Bitcoin will be in danger of breaking down. I don't think the situation is that bad, but it could even drop to $ 30k. I think I should swap to USDT on SnapBots for more safety. What do you think? Someone experienced, please give advice!

https://www.coindesk.com/bitcoin-breaks-below-50k-as-market-sell-off-continues

[lannister2k]

Up to the present time, Bitcoin only 50k; this is a very rapid decline in the current exciting time. JP Morgan has also confirmed that if it cannot return to 60k soon, Bitcoin will be in danger of breaking down. I don't think the situation is that bad, but it could even drop to $ 30k. I think I should swap to USDT on SnapBots for more safety. What do you think? Someone experienced, please give advice!

https://www.coindesk.com/bitcoin-breaks-below-50k-as-market-sell-off-continues

You can play it cool by swapping to USDT, buy some bitcoins when the price declines more, wait for the spike.

[btc-room101]

Up to the present time, Bitcoin only 50k; this is a very rapid decline in the current exciting time. JP Morgan has also confirmed that if it cannot return to 60k soon, Bitcoin will be in danger of breaking down. I don't think the situation is that bad, but it could even drop to $ 30k. I think I should swap to USDT on SnapBots for more safety. What do you think? Someone experienced, please give advice!

https://www.coindesk.com/bitcoin-breaks-below-50k-as-market-sell-off-continues

$49k right now, if it nears $42k where MUSK bought in then expect a 100% haircut and quick. The big boyz cannot accept losses, and they DON'T HODL

It will revert to $20k for sure, the real question, is will it revert to $6k?

I was thinking today, if it reverts to $2k, it will have the same CAP as DOGECOIN. Think about that

In 2018 when we had the last 90% breakdown the mod's were deleting any post that mentioned this subject, expect heavy censorship very soon.

It's amazing,these people pump&dump, but when it hits a freefall they expect everybody to remain mute.

It's not like people use only this site,

https://coinmarketcap.com/

Post's this stuff live.

Like I have said for weeks here, MUSK and all his idiot CEO's MUST cash out, now or otherwise TSLA is BANKRUPT.

Everybody was counting on easy fake profits to make their balance-sheets golden, now everybody who HODL, risks destroying their companys.

Expect a total blood-bath,

On a closing thought had you invested two weeks ago in DOGECOIN for $1k, you would have $50k today, and bought ONE BTC, you wait, and in a few weeks you can buy 2-3 BITCOIN, but seriously, if you took that $50k and bought the 3 best alt-privacy coins, you would be a mllionaire in a year.

All the while BITCOIN is down 30% in the last two weeks, good alts have risen 25%/day, chew on that BITCOIN scammers, hustlers, and promoters.

[Kong Hey Pakboy]

It's not a really bad situation, if you have the money, you can probably buy some bitcoin right now and hodl it until the prices go up again, if the decline continues then you should probably buy more to hodl more bitcoin because in the long-term, you are going to get more bitcoin.

[btc-room101]

It's not a really bad situation, if you have the money, you can probably buy some bitcoin right now and hodl it until the prices go up again, if the decline continues then you should probably buy more to hodl more bitcoin because in the long-term, you are going to get more bitcoin.

If  you have some money, and you MUST buy BITCOIN you wait until it hits a prior solid bottom.

Right now BTC is in a free-fall

People who buy right now, are what we call "Catching a falling knife", a game only played by morons, and fools that want to lose all their wealth.

This is not personal, the FAT-CATS like MUSK that ran BTC up from $30k, have no choice but to sell, they borrowed the money to buy BTC, which means in essence they're subject to a margin call, which already started days ago. Now the calls are cascading all over the world

This is what brought all the hedge funds down last month, this is what brought gold down the last two months, Bitcoin was the last man standing, and now its collapsing.

Funny thing is that ETH, and other good alts are doing just fine. Lot's the good privacy alt's are still up 400% and holding solid.

...

Never fall in love with an investment. Had you bought DOGECOIN two weeks ago for $1k, you would have $50k today.
Had you bought BITCOIN two weeks ago, you  would have a $12,000 loss per coin today.

Smart people make money fools lose money. The only people right now that HODL BTC are fools, or people who got it for free, or people who paid $100 for each BTC, all other smart people have taken their profits.

Fools love to HODL, and fools hate smart people. Go figure.

All I know is that BTC is DOWN, and going down more, and the good-alts are going to the moon.

If you have a good team, and a good story why not HODL?

BITCOIN doesn't have a good story, and it doesn't have a good team, and its over-priced. Worse of all the robin-hood stimmy-check generation think that BITCOIN is for geriatric idiots, the robinhood people don't HODL, they make money.

[btc-room101]

It's not a really bad situation, if you have the money, you can probably buy some bitcoin right now

BINGO, its not a bad situation, never been a better time to piss away your wealth. A fool and his money are always departed.


Right now bTC is losing $1k an hour.

Buy now lose as much as you wish, at 2% loss per hour, you can decide up front how much you want to lose. BUY High, Sell Low; It's the secret sauce of fools.

HODL on Garth

https://coinmarketcap.com/

[NeverSop]

Up to the present time, Bitcoin only 50k; this is a very rapid decline in the current exciting time. JP Morgan has also confirmed that if it cannot return to 60k soon, Bitcoin will be in danger of breaking down. I don't think the situation is that bad, but it could even drop to $ 30k. I think I should swap to USDT on SnapBots for more safety. What do you think? Someone experienced, please give advice!

https://www.coindesk.com/bitcoin-breaks-below-50k-as-market-sell-off-continues

Because I live in poverty, I admire the bitcoin owners who are my colleagues when they boast that it has made a fortune of 65 thousand dollars.  Though, I don't have a lot of experience with this market.  But it looks like the space adjusting to a bit of a crack.  I will pledge my apartment to buy bitcoin today.  There is no better chance!  1 or 3 years later I hope to have a lambo and a mansion!  My big dream - bitcoin has come.

[Natalim]

Always do the right thing, don't just look at the price dumping, swapping your btc to usdt is the right thing to do while you continuesly monitor the market and just buy right away once you feel the market will start to recover. We have experience a huge drop, actually we are now below $50k, so there's really a panic happening here.

[aoluain]

PANIC AT THE DISCO

President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.

Big sell off because of this news which provides the rest of us who are looking
long term to BUY cheaper Bitcoin - Dollar Cost Averaging

[xceltoken_plus]

If you have a money then you should to wait Bitcoin grow again..Speculation from crypto analysts and industry experts suggests that Bitcoin's long term value could reach over $100,000 to as much as one million dollars per BTC in the future.

[Poker Player]

JP Morgan has also confirmed that if it cannot return to 60k soon, Bitcoin will be in danger of breaking down.

JP Morgan are morons who have no credibility in their claims about Bitcoin and when it comes to price speculation they confirm nothing. If anything they say what they think according to their models, or, better yet, what suits them.

PANIC AT THE DISCO

President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.

Big sell off because of this news which provides the rest of us who are looking
long term to BUY cheaper Bitcoin - Dollar Cost Averaging

Yes, it affected the stock market as well. I am not worried about it.

[MrcMrc]

As of the time of this post, Bitcoin price is $49,400, not too bad a correction, the entire stock market is down today and I guess the Bitcoin situation will re-bounce sooner than we expect.

[Lorence.xD]

As of the time of this post, Bitcoin price is $49,400, not too bad a correction, the entire stock market is down today and I guess the Bitcoin situation will re-bounce sooner than we expect.

Well, either way is good, if the prices go down then so be it, the people who wants to buy bitcoin at lower price is finally able to buy that bitcoin at lower price. If it goes up then good because that means that we can reach a new ATH again. The only time that you should feel bad is when you don't have bitcoin at any point in time.

[btc-room101]

As of the time of this post, Bitcoin price is $49,400, not too bad a correction, the entire stock market is down today and I guess the Bitcoin situation will re-bounce sooner than we expect.

Well to answer all the above speculations.

It's 2pm in ASIA, the big selloff start 6 hours ago ( BTC broke below $50k, 24% loss); thus the sell-off don't have anything to do with the USA, hell they ain't even 5% of the worlds population, get over big-guys

The sell-off of BTC is obviously happening in ASIA.

The talk of 'Bidens tax' is just talk for right now, fear-mongering. Most legacy investments in USA are fearful about Biden doubling the capital-gain tax.

As we all know most legacy investment houses, Vanguard, Fidelity are not exposed to Bitcoin; where most of the 401k money is held

COINBASE is major down, 5% just like BTC-ETF's in Canada

RIOT is down 11%, there HODL'ers buy RIOT if you want to lose $$$

( SEEMS like BTC stocks are the Marijuana stocks of 2021 )

...

I agree there is a sell-off today across all crypto-space, everything is getting hit, this could also be a pullback from Crypto period. Gold is up, COIN down 5%. Sounds about right. Coinbase has lost 25% since the IPO, expect it to lose more, its the "Shit-Exchange-House" of Crypto. How this company ever took over BTC, is just proof that PTB in WASH-DC is running the BTC-CORE.

We will not know for another 8 hours, when the USA markets open how they treat the crypto-carnage.

Seems to be a lot of automated buying at $49k, as everytime it dips to $48k, it comes back  up.

Remember the book 'Hitchhikers guide to the Galaxy", the answer is 42

$42K is what MUSK paid for his BTC, expect to see utter devastation if & when BTC near $42K ( 36% btc decline, which is nothing in the history of btc routs ). Every house will be calling the CEO on Margin call's.

In summary, given a 25% loss in BTC, this should force a ton of margin-calls, given that most of the traders are on leverage, this rout should also take out a lot of the exchanges.

JP-Morgan story about BTC crash, was almost a week ago, and was just one analyst call, but almost everybody knew this was coming. The Canary in the Coal-Mine was MUSK's $1.5B 'investment' in BITCOIN. Insanity.

Musk is getting slapped hard by China, in a few days they're going to announce pulling his 'visa' and denying entry, the public are calling "TSLA" Death Machines. His bullshit works well in USA, but in ASIA people don't like stupid.

...

Holding $48,500; Just wait until people wake-up and start getting the margin calls.

[btc-room101]

As of the time of this post, Bitcoin price is $49,400, not too bad a correction, the entire stock market is down today and I guess the Bitcoin situation will re-bounce sooner than we expect.

Well, either way is good, if the prices go down then so be it, the people who wants to buy bitcoin at lower price is finally able to buy that bitcoin at lower price. If it goes up then good because that means that we can reach a new ATH again. The only time that you should feel bad is when you don't have bitcoin at any point in time.

BTC is now at $47K, on the way to $42k, then total devestation


Feeling bad?

If you can't afford to lose it all, you shouldn't play crypto.

Seems to be a theme

Sentiment negative - Hater

Sentiment Postitive - Hodl'er ( cult bs )

Feeling Sad - Btc down

Feeling Happy - Btc up

If you have bitcoin in your life, you don't need friends ( insane btc themes )

...

Greed & Fear folks; no emotions required. Real traders never make anything personal, never fall in love with a trade, and never HODL; Buy low, Sell higher

There are no sure things in life, never have been never will be.

It doesn't appear the 'stock market' is down, unless you mean cypto stock which are down and hard,  tech-stocks are getting hit, makes sense, as mining ban, could end the chip shortage,. Baba in china 9988.hk is up, most asian stocks are up, while crypto is being destroyed, I would suggest that people are moving  into tangible value, like GOLD.

All bubbles work out this way boom-bust cycles, until the authority's close it down, unfortunately France, Belgium, England (Missisippi,tulip,south-sea) they didn't shutdown until the economy's were bankrupt, & widows living on the streets

[mindrust]

Few minutes ago it was above 50k and now it is going down again. This certainly smells like the next bear market but who knows. I agree with JPM i don't expect a new ATH soon and if it is not going to go up... well you know... then it must go down.

[iram3130]

Few minutes ago it was above 50k and now it is going down again. This certainly smells like the next bear market but who knows. I agree with JPM i don't expect a new ATH soon and if it is not going to go up... well you know... then it must go down.

I would not mind a healthy correction but the news about taxing on Long term Capital gains is really hitting all of the financial markets. It will be hard for upper middle class and upper class people who are heavily invested in the market. It does look bad right now and bulls are trying harder to keep the 100MA mark. Hopefully, we can see some support soon and bounce back to 50k$+ levels.

[LUCKMCFLY]

I think that the fall or correction of Bitcoin is natural to occur, it is a correction that happens in every market, it also comes from a new ATH, many investors want to buy cheaper, it is very possible that they have lowered the price so that the weak hands fall in panic and sell cheap.

Also, some media take for granted that the price drop is due to the measure that Jhon Biden has taken to increase taxes, this has caused rejection and some fear in some, they think that this has also helped to lower the price, for now has dropped to $48.2k

Despite being hailed as a store of value independent of governments and politics, it is not unusual for Bitcoin to react to real-world news. Curtis Ting, Kraken’s managing director of Europe, told Decrypt, “This won’t be the first time the market has given a knee-jerk response to real-world events, and it certainly won’t be the last.” 

Source: https://decrypt.co/68887/bitcoin-falls-below-50000-a-price-correction-or-a-result-of-bidens-tax-proposal

[fullhdpixel]

Few minutes ago it was above 50k and now it is going down again. This certainly smells like the next bear market but who knows. I agree with JPM i don't expect a new ATH soon and if it is not going to go up... well you know... then it must go down.

I am still seeing it as usual correction but triggered by FUDs. Technically bitcoin just tested 18 week moving average line which is around $48k levels and bitcoin made low up to $47.4k levels. When USA people enter into markets for today, we had another spike which peaked up to $50.7k in some exchanges and I am seeing that as a good sign as market sentiment is still positive but bears dominating for no reason; or probably still listening to FUDs or expecting lower low hence might be booking profits.

I am sure this correction will not sustain for long time hence we can expect market again entering into $55k to $60k within week time.

[proudhon]

Up to the present time, Bitcoin only 50k; this is a very rapid decline in the current exciting time. JP Morgan has also confirmed that if it cannot return to 60k soon, Bitcoin will be in danger of breaking down. I don't think the situation is that bad, but it could even drop to $ 30k. I think I should swap to USDT on SnapBots for more safety. What do you think? Someone experienced, please give advice!

https://www.coindesk.com/bitcoin-breaks-below-50k-as-market-sell-off-continues

JP Morgan's models are not accurate. I have used pure math to know that bitcoin is collapsing right now and will not recover. There will be no new ATH for bitcoin.