Dow Jones crash, down over 1000 pts in 2 days

[MRivera42]

good thing im not in the markets geez louise

[MinnesotaFats]

This is tied to bitcoin

Everyone saying its interest rate fears but this volatility is following bitcoins demise

Lots of margin money dumped into market

[MRivera42]

This is tied to bitcoin

Everyone saying its interest rate fears but this volatility is following bitcoins demise

Lots of margin money dumped into market

unreal, i was weary of bitcoin even when it was at what like 20,000?

[MinnesotaFats]

I know people that asked to borrow money against their BTC holdings to put in market.

If it happened at my payday loan stores it happened at others

I think thousands and thousands of indivuduals tried to make a quick score here on borrowed money

[MRivera42]

I know people that asked to borrow money against their BTC holdings to put in market.

If it happened at my payday loan stores it happened at others

I think thousands and thousands of indivuduals tried to make a quick score here on borrowed money

so they thought bitcoin was the real deal basically and would endlessly go up? I dont quite understand

[grease lightnin]

Some believed that a crash in BTC could lead to a market correction

I thought that was silly, but the movements between the stock indices and BTC seem to be positively correlated today.

[MRivera42]

Some believed that a crash in BTC could lead to a market correction

I thought that was silly, but the movements between the stock indices and BTC seem to be positively correlated today.

but why is BTC down so much, I see the correlation

[grease lightnin]

but why is BTC down so much, I see the correlation

Not a crypto expert.

Would be interested to hear one chime in though.

I cashed out of a book into some btc on Saturday and am down 15% or so, wondering if I should hold it or sell it.

[RudyRuetigger]

Not a crypto expert.

Would be interested to hear one chime in though.

I cashed out of a book into some btc on Saturday and am down 15% or so, wondering if I should hold it or sell it.

100 bitcoin experts here when it is going up

would love to see 1 now

[Forearm Shiver]

The market drop the past two days has NOTHING to do with Bitcoin. The percentage of people who own, or have owned Bitcoin, is microscopic. A complete non factor with the S & P.

[grease lightnin]

The market drop the past two days has NOTHING to do with Bitcoin. The percentage of people who own, or have owned Bitcoin, is microscopic. A complete non factor with the S & P.

Yea I agree with you, but the correlation is pretty lock step today. Weird.

[jtoler]

No Trump messengers to be found in this thread.

[King Mayan]

Just like every other trump business... run shit to the ground

[MRivera42]

it will get back to even by 4pm

[MRivera42]

Just like every other trump business... run shit to the ground

you cant just print out benjamins all day it's backed by nothing the debt will catch up ahhhhhh

[hotcross]

I'm not an expert in anything....some of you understand the wisdom in that statement alone

Bitcoin - since it was asked about will just give a quick, factual reply without getting too detailed. China government announced they will ban offshore cryptocurrency exchanges....a big deal item because perhaps more than 50% of bitcoin trading occurs in Asia.

Bitcoin / crypto market was overbought and/or manipulated to the point where just one year ago the price was $1000. Three months ago in November it was $6000, soon peaking to an unbelievable $19,000, and although bitcoin price has ALWAYS been extremely volatile, this run-up in such a short-time had shot its load and needs time to rest, irregardless of any news.

Another point is the addition of bitcoin futures trading at the CBOT and CME, leading to the possible exploitation by elites.

The story of bitcoin is NOT over.

[grease lightnin]

I'm not an expert in anything....some of you understand the wisdom in that statement alone

Bitcoin - since it was asked about will just give a quick, factual reply without getting too detailed. China government announced they will ban offshore cryptocurrency exchanges....a big deal item because perhaps more than 50% of bitcoin trading occurs in Asia.

Bitcoin / crypto market was overbought and/or manipulated to the point where just one year ago the price was $1000. Three months ago in November it was $6000, soon peaking to an unbelievable $19,000, and although bitcoin price has ALWAYS been extremely volatile, this run-up in such a short-time had shot its load and needs time to rest, irregardless of any news.

Another point is the addition of bitcoin futures trading at the CBOT and CME, leading to the possible exploitation by elites.

The story of bitcoin is NOT over.

So..... I was thinking of using these funds for a trip....


Don’t have to pay the balance until June.


If you were me would you hold or sell????

[hotcross]

6k was my target price (posted that previously a couple times).

So if I were you I'd hold them and pay for the trip with other money. Honest advice, but could be wrong.

[grease lightnin]

6k was my target price (posted that previously a couple times).

So if I were you I'd hold them and pay for the trip with other money. Honest advice, but could be wrong.

Your target price to buy or sell, or that’s what you think it will be by a certain date?

I can hold forever, really. Just planned to use these fund for a trip so i can say it's free. Lol

[hotcross]

I meant thought it would fall to 6k, so that would be a buying price for somebody waiting on the sidelines with cash.

Bitcoin will rise again in my opinion. So if you can hold for a long time, that's my advice to you. No sense selling it now since we could be getting close to the near-term bottom. (of course if it keeps going down to 2k or 1k then in hindsight that would look foolish)

And a man of your means can hold while paying for the trip with your regular income.

[grease lightnin]

I meant thought it would fall to 6k, so that would be a buying price for somebody waiting on the sidelines with cash.

Bitcoin will rise again in my opinion. So if you can hold for a long time, that's my advice to you. No sense selling it now since we could be getting close to the near-term bottom. (of course if it keeps going down to 2k or 1k then in hindsight that would look foolish)

And a man of your means can hold while paying for the trip with your regular income.

Yeah. It’s really just I have been busy, procrastinated to transfer and sell it, and by the time I looked up it was down 15% and I am like hmmm...

[hotcross]

it could take a much longer time for bitcoin to rise high in price again, in other words not expecting a quick run-up again like we already saw

sounds like you don't want to be in it for the long-term

[grease lightnin]

it could take a much longer time for bitcoin to rise high in price again, in other words not expecting a quick run-up again like we already saw

sounds like you don't want to be in it for the long-term

I don’t know. It is less than $3k so not a big deal either way.

[hotcross]

agree. Just hold it and pay for your trip by other means. Set it and Forget it.

You frequently post about trips you take. Enjoy. I'm not a traveler beyond the borders of our great nation.

[grease lightnin]

agree. Just hold it and pay for your trip by other means. Set it and Forget it.

You frequently post about trips you take. Enjoy. I'm not a traveler beyond the borders of our great nation.

Haha. Yeah, this one is a summer vacay in Northern Michigan.

Wanted to go to Spain, but my wife won’t leave the little ones yet, so maybe next year.

People who live in Cali don’t need to travel as much as those of us in the Midwest.

[hotcross]

how do you know Cali? I've never disclosed details

don't answer that

[grease lightnin]

how do you know Cali? I've never disclosed details

don't answer that

Oh, fuk.


I totally thought you were a different poster. Similar avatar. My bad.

[JIBBBY]

[Plaza23]

A 1,000 point move on the Dow means nothing when Dow is about 26,000.

If you aren't happy with 20% growth per year, then I don't know what to say.

[jjgold]

Bitcoin is all finished

big declines daily
People losing everything