crypto currency discussion

[Crusherrr]

Don't invest into crypto yet until it stops crashing. It's still crashing. Give it a few more days.

I agree but doesnt mean it wont recover at all before continuing to crash.

[puckk]

chinese new yr is on feb 16

[bigtymer56]

The tulip bubble mania is bursting again.

Bursting for anybody who got in after Thanksgiving at this point.

[Arky]

Unprecedented, eh? Volatile? You bet, but I knew that going in....

One things for sure, it's (the market) going to level out eventually, even if it has to flat line on $0.00....

Just a shame that the alt-coins suffer so badly when the Big 4 are getting beat up...

[Crusherrr]

Unprecedented, eh? Volatile? You bet, but I knew that going in....

One things for sure, it's (the market) going to level out eventually, even if it has to flat line on $0.00....

Just a shame that the alt-coins suffer so badly when the Big 4 are getting beat up...

There are just too many coins at this point. Money getting spread out too much.

[jayc88]

Back over 10000, get your money in now , this is going to hit 20000 during Asian session

[Arky]

Bursting for anybody who got in after Thanksgiving at this point.

True. I think we may look back and say that December was "the bubble". Wouldn't be surprised to see things level out to pre-Thanksgiving prices.... (like this forum needs another Nostradamus)...

[shocka1212]

to see something pump 1000% and not expect some pull back is reckless

I bet I'll lose some more "credibility" for this too... moron

[The Kraken]

You lose as much credibility as I did a few days ago when I said the entire market is currently overvalued

Turns out Charlie Lee and Vitalyik Buterin know what they're talking about

[JAKEPEAVY21]

what a brutal few days guys...

so funny how all the scum of the Earth comes out of the woodwork to rub it in our face during a brutal downswing but you have to expect that..

I'm just trying to maintain composure and ride this out...hopefully we are near the end of it and it either starts ticking back or or at the very minimum stabilizes.

hang in there

[ans61201]

what a brutal few days guys...

so funny how all the scum of the Earth comes out of the woodwork to rub it in our face during a brutal downswing but you have to expect that..

I'm just trying to maintain composure and ride this out...hopefully we are near the end of it and it either starts ticking back or or at the very minimum stabilizes.

hang in there

You too bud. The people cheering for these only do for 2 reasons, don’t pay them any mind. Good luck.

[JAKEPEAVY21]

You too bud. The people cheering for these only do for 2 reasons, don’t pay them any mind. Good luck.

people showing their true colors, it comes with the territory I suppose...

holding on for dear life but you have to think there will be a nice rebound in the next few weeks and it would be foolish to jump ship now...I don't even know what to think anymore to be honest.

[Bucketwah]

people showing their true colors, it comes with the territory I suppose...

holding on for dear life but you have to think there will be a nice rebound in the next few weeks and it would be foolish to jump ship now...I don't even know what to think anymore to be honest.

Crypto.... think the unthinkable. But im with you... im holding everything and letting the storm pass through. It will rebound. Theres too many countries, people, and most importantly money invested in this for it not to rebound.

[eidolon]

I'm wondering if Korean exchanges will get shut down? if so, should I get my coins/money out of those ASAP?

[Bucketwah]

what a brutal few days guys...

so funny how all the scum of the Earth comes out of the woodwork to rub it in our face during a brutal downswing but you have to expect that..

I'm just trying to maintain composure and ride this out...hopefully we are near the end of it and it either starts ticking back or or at the very minimum stabilizes.

hang in there

These past two hours or so has been the most stable btc has been in the last 48 hours. Its a small sample size but looking promising

[ace7550]

I know a guy who bought bitcoin years ago but he bought it when the first major bubble happened in the end of 2013. He bought around $1,000 and then bitcoin crashed to $500 only days afterwards. He said he was sick about it but just said fuk it and left his money in. That sure worked out well in the long run.
Hang in there boys.

[ChuckyTheGoat]

I know a guy who bought bitcoin years ago but he bought it when the first major bubble happened in the end of 2013. He bought around $1,000 and then bitcoin crashed to $500 only days afterwards. He said he was sick about it but just said fuk it and left his money in. That sure worked out well in the long run.
Hang in there boys.

I hear u. It's the catch-22 on investing. So ez to evaluate on the day after.

Would like people to chime in w/ substance views on what Bitcoin's REAL value is.

[ChuckyTheGoat]

BTW, BtC has made a +3% gain in last few minutes.

I really think the "big-boys" operate in 3% increments. Gain 3%...sell-off. Lose 3%...time to buy.

[Bucketwah]

BTW, BtC has made a +3% gain in last few minutes.

I really think the "big-boys" operate in 3% increments. Gain 3%...sell-off. Lose 3%...time to buy.

Been stable and steady for a few hours. I wouldnt be suprised if its back towards 12k by days end.

[ans61201]

Bitcoin futures for bitcoin just ended 1145 eastern, could’ve been shorted by a few over that, which could create a small run if they get back in

[ChuckyTheGoat]

The tulip bubble mania is bursting again.

Is it bursting? Or coming to fruition? Hard to say.

[ace7550]

I hear u. It's the catch-22 on investing. So ez to evaluate on the day after.

Would like people to chime in w/ substance views on what Bitcoin's REAL value is.

I think it's a hell of a lot higher than 10k. There's maybe 17 million or so bitcoin in existence (I'm subtracting 4 million since this is the estimate for bitcoin with lost private keys) so now 13 million. Of those 13 million more than half are not for sale. Many of these are in cold storage and the owners have no intention of selling. What's being actively traded is maybe 10-20% of what exists.
Think about it this way: If you wanted to buy 1 bitcoin right now it would cost you around 10k. But what if you wanted to buy 500,000 bitcoin...

[Greenline]

Bitcoin futures for bitcoin just ended 1145 eastern, could’ve been shorted by a few over that, which could create a small run if they get back in

First contract is 1pm Pacific, 15 minutes from now. 2nd is in 10 days. Thought is the whales are short on the first, long on the 2nd. Bought all the btc they could since November, ran the price up. Sold it off the last couple of weeks for a profit, will cash in big in about an hour and start rebuying like crazy to hit the 2nd.

[dlowilly]

At least TRX is making a big comeback

[KVB]

I hear u. It's the catch-22 on investing. So ez to evaluate on the day after.

Would like people to chime in w/ substance views on what Bitcoin's REAL value is.

One day governments and exchanges may use cryptos as the blockchain, or something similar, is likely the future of transaction based business.

Bitcoin is an early version and has many obstacles to being the widely used product. It may be popular, but there are more technologically advanced cryptos out there, some still being developed, that will not only increase the overall float, something likely needed for widespread currency type use, but that will also solve other BTC problems like transaction fees and time.

You could compare it too social media evolution. Myspace was a big start, but other products have long since eclipsed it.

The current basket of cryptos are early versions, likely with too many drawbacks to go global.

Make no mistake, the blockchain technology is not going away, it will only expand with wider and wider use. BTC itself is not equipped for that eventual scaling to growth though, and will eventually fall out of favor.

Governments only partially run the show, the direction of business is dictated by corporations. When a large corporation decides to incorporate blockchain, the road will be paved. Think of more announcements like Amazon potentially adopting ripple for use. As these types of announcements become more prominent and concrete, the cryptos of the future will be show themselves.

[compaqDikk]

what happens to Genesis Mining? Mass Exodus?

[The Kraken]

Read that some Russian guy bough a power plant to run a mining farm

[MrSink]

nice comeback. looking healthy

[The Kraken]

I hear u. It's the catch-22 on investing. So ez to evaluate on the day after.

Would like people to chime in w/ substance views on what Bitcoin's REAL value is.

It's impossible to say what btc's real value is for a multitude of reasons

1.) btc doesn't really have much worth of value right now, not in terms of assets or tangible services, they're an idea.
2.) theres not much historical data to pull from but even if there was, go back to #1

The problem is we're trying to use the conventional definition of value and apply it to a non-conventional technology. If crypto tech does grab hold and goes mainstream, then we can evaluate value.

Until then, it's pure speculation. Maybe it's 500,000 and maybe it's 0 if the project can't produce something more efficient and usable than the system in place

And that's not a terrible thing, it leads to volatility but volatility is where traders make $. Once there are heavy regulations, less volatility and the big boys are in the game, all that's left for us are bits and pieces of the left overs

[compaqDikk]

Read that some Russian guy bough a power plant to run a mining farm

set up solar power shop in Iceland. if tron doesn't recover they've left me for dead

[The Kraken]

set up solar power shop in Iceland. if tron doesn't recover they've left me for dead

I love ingenuity and guys that get outside the box, well done

[Outsider626]

No ban in South Korea. Big rebound coming. Already 11.2k.

[Greenline]

No ban in South Korea. Big rebound coming. Already 11.2k.

Futures contracts just paid out, rally is right on time. Pound alts if you didn't load up on BTC this afternoon, I have some listed in the alt thread.

[ace7550]

Up 130 billion since this morning. Crypto is f'n crazy

[Outsider626]

11.6. Rising.