Bitcoin moves to under $4k

[MickeyMan]

hopefully you realize that funds are going to continue to liquidate before year end... for tax loss purposes, and also because no financial advisor wants to send out a statement to a client showing any holding even partly related to cryptos

why should bitcoin be worth $60 billion? there are no assets, no barrier to entry, etc etc... if facebook or amazon wanted to kill every crypto they could just invent their own

buying something for 3000 on the way up = smart
buying something for 3000 on the way down = stupid

Fukkkkkk I already put in a buy order for $3000

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hopefully you realize that funds are going to continue to liquidate before year end... for tax loss purposes, and also because no financial advisor wants to send out a statement to a client showing any holding even partly related to cryptos

why should bitcoin be worth $60 billion? there are no assets, no barrier to entry, etc etc... if facebook or amazon wanted to kill every crypto they could just invent their own

buying something for 3000 on the way up = smart
buying something for 3000 on the way down = stupid

I'm starting to think the guys that keep promoting/pumping bitcoin or other shitcoins are just trolling.
It seems so obvious that bitcoins best days are far behind it.

[milwaukee mike]

I'm starting to think the guys that keep promoting/pumping bitcoin or other shitcoins are just trolling.
It seems so obvious that bitcoins best days are far behind it.

bitcoin is still usable for money transfers, but as an actual widespread means of exchange/store of wealth/investment/etc, you're right... the fad of it was over when the calendar turned to 2018... at christmas parties last year people wanted to know about bitcoin, now they would call you a fool if you have any crypto

[ddittie]

ppl were pushing crypto so we buy and bring the price up so they can sell.

[The Giant]

We are in an Elliott wave.

This should be the last wave, and then we are going to skyrocket.

It's going to keep going down, until around 2500-3000, and then it's going to BOOM.

If it gets below 2000, there might be some trouble.

[icon]

We are in an Elliott wave.

This should be the last wave, and then we are going to skyrocket.

It's going to keep going down, until around 2500-3000, and then it's going to BOOM.

If it gets below 2000, there might be some trouble.

Bitcoin requires a confident market in order to flourish.

I can't see how this recent massive price drop could create anything but more doubt and fear.
Most sane investors will avoid bitcoin like the plague.
I'd say chances are slim to none that bitcoin bounces back.

[ChuckyTheGoat]

We are in an Elliott wave.

This should be the last wave, and then we are going to skyrocket.

It's going to keep going down, until around 2500-3000, and then it's going to BOOM.

If it gets below 2000, there might be some trouble.

G, do u believe that? Or are u trying to sell ice to an eskimo?

[The Giant]

G, do u believe that? Or are u trying to sell ice to an eskimo?

I'm holding and hoping for the best, Chucky.

If it doesn't pan out, I won't be broke. I've already written it off.

[mngambler]

hopefully you realize that funds are going to continue to liquidate before year end... for tax loss purposes, and also because no financial advisor wants to send out a statement to a client showing any holding even partly related to cryptos

why should bitcoin be worth $60 billion? there are no assets, no barrier to entry, etc etc... if facebook or amazon wanted to kill every crypto they could just invent their own

buying something for 3000 on the way up = smart
buying something for 3000 on the way down = stupid

people in this thread need to stick to their day job, case in point right here "if facebook or amazon wanted to kill every crypto they could just invent their own" going to invent their own crypto? dude do you even know what a blockchain is or how it works?

[bhoor]

people in this thread need to stick to their day job, case in point right here "if facebook or amazon wanted to kill every crypto they could just invent their own" going to invent their own crypto? dude do you even know what a blockchain is or how it works?

Can you tell us how blockchain works just for educational purpose?

[GimpedMaster]

A very intelligent guy who I've been following for some time has some great analysis for those getting spooked. Bitcoin has gone through multiple, multiple cycles. It's a constant roller coaster and it's usefulness is at its highest point, and its more widely accepted commercially now than ever before. Historically we have seen a bounce near the end of the year almost every year in Bitcoins existence. Now is not the time to sell.

https://www.youtube.com/watch?v=6-tR8Bd4gPk

[GimpedMaster]

Can you tell us how blockchain works just for educational purpose?

https://www.youtube.com/watch?v=SSo_EIwHSd4

[ThaWoj]

I can't sell now. I've been on a massive winning streak at nitrogen almost 70x my initial investment...I cashed out a chunk (but did not convert to fiat)right before the initial crash sub 6k...I've lost almost half my profit...if this thing can get back up to 6k I will insta sell... otherwise I'm riding my winnings and nitro balance into the ground.

[ApricotSinner32]

Bitcoin is going to continue to go down. I expect $300 soon.

[jjgold]

Its real value probably around 500

The boom is looooooooooooooooooooooong gone

Most exchanges bankrupt

[ThaWoj]

We need some lines on btc and alt futures in the sbr book, or maybe some kind of contest

[milwaukee mike]

people in this thread need to stick to their day job, case in point right here "if facebook or amazon wanted to kill every crypto they could just invent their own" going to invent their own crypto? dude do you even know what a blockchain is or how it works?

well kodak came out with their own kodak coin and SO DID AMAZON, they just didn't market it
if nobody can come up with their own cryptocurrency, why are there over 2000?

[raiders72001]

As I posted in another thread, the Bitcoin Cash war has ended. The miners were losing a lot of money. There's too much money in play for the price to keep falling.

[Snowball]

it went right where i told you guys the chart says it would settle a while
at 37-3800 -- how long it waffles here we don't know yet
if this level doesn't hold it will fall to the low 2s.
better to see if it can break over 4200 and buy on strength
than pay 37 and watch it fall to the 2's.

[Sam Odom]

As I posted in another thread, the Bitcoin Cash war has ended.

BCH was FREE $$$

Damndest thing Sammy has seen in his life

[raiders72001]

BCH was FREE $$$

Damndest thing Sammy has seen in his life

[milwaukee mike]

BCH was FREE $$$

Damndest thing Sammy has seen in his life

there have been 99 different forks/air drops from bitcoin... proving you can create something out of nothing

someone that took advantage of all of them would have a whole lot of random coins like bitcoin god/gold/diamond/etc

[milwaukee mike]

A very intelligent guy who I've been following for some time has some great analysis for those getting spooked. Bitcoin has gone through multiple, multiple cycles. It's a constant roller coaster and it's usefulness is at its highest point, and its more widely accepted commercially now than ever before. Historically we have seen a bounce near the end of the year almost every year in Bitcoins existence. Now is not the time to sell.

https://www.youtube.com/watch?v=6-tR8Bd4gPk

yeah it's still useful for gambling, buying guns, and money laundering... same as it ever was

how do you get to being widely accepted? you can't decentralize a ledger of any size without storage capacity, and you can't keep using up all the world's electricity to mine/store cryptos

"hey let's all wait 30 minutes for our transactions to confirm while we check out at the grocery store" oh wait the lightning network will fix that and nothing can go wrong

[jjgold]

It’s over

[thechaoz]

yeah but when it was going up like crazy, people would put up with the process

how in the world are any new investors going to be interested in bitcoin after watching it fall from 20k to 3k... crypto market was always like beanie babies, except that beanie babies are cute and are at least worth SOMETHING, 10 years from now nobody is gonna give you anything for 1 eos or xrp

I agree completely. I know they want to remain "anonymous", but btc itself has said it's not "truly anonymous". That's why some turned to Monero. If they could somehow make it more easy and accessible to the common user, and also 3rd parties provide secure back ups instead of user having too, it may get more traction

[povis]

real value around $0.002

[Snowball]

3700 support has breached.

low 2's are the next strong support. watch closely. today being Sunday
and with BTC being played by financial markets, tomorrow will confirm.
it may hang around here but if it goes under 36 and fails to print over 37
tomorrow it is going to the 2's

[convick]

Lots of hot takes in this thread, from both sides. Let’s bump this in 6 months and see which side can point and laugh at the other.

[bettilimbroke999]

Ppl talking about supports and shit are clearly delusional...2/3 of its value lost from december to nov 14 as ppl realize its not being accepted by virtually anyone outside the crime world...in the past 11 days its dropped 2600 from 6300 to 3700...this idea of supports and shit doesn't work when something is inherently worthless and in free fall...supports work in the stock market bc companies have inherent value (unless the company is utterly worthless which is why u see moviepass go from like 2000 to 2 cents) bitcoin has 0 inherent value as a currency in that its not a recognized currency by any govt and is accepted for payment by virtually no one...its value is derived completely from demand and speculation and as you've seen in the last year and in the last 11 days that demand is getting lower by the day...shedding an average of $250 a day from a crypto worth $3700 will have it worthless in 15 days. If you made a ton last year as it was pumped up allover the place in mainstream media and got out great...if youve got money in bitcoin today get out NOW and save yourself some cash..."investing" in bitcoin right now is retarded

[k13]

Ppl talking about supports and shit are clearly delusional...2/3 of its value lost from december to nov 14 as ppl realize its not being accepted by virtually anyone outside the crime world...in the past 11 days its dropped 2600 from 6300 to 3700...this idea of supports and shit doesn't work when something is inherently worthless and in free fall...supports work in the stock market bc companies have inherent value (unless the company is utterly worthless which is why u see moviepass go from like 2000 to 2 cents) bitcoin has 0 inherent value as a currency in that its not a recognized currency by any govt and is accepted for payment by virtually no one...its value is derived completely from demand and speculation and as you've seen in the last year and in the last 11 days that demand is getting lower by the day...shedding an average of $250 a day from a crypto worth $3700 will have it worthless in 15 days. If you made a ton last year as it was pumped up allover the place in mainstream media and got out great...if youve got money in bitcoin today get out NOW and save yourself some cash..."investing" in bitcoin right now is retarded

https://techcrunch.com/2018/11/25/ohio-becomes-the-first-state-to-accept-bitcoin-for-tax-payments/

Your money does not exist in a bank either. If everyone went to cash out they could not.
Everything is a big ponzi scheme.

I agree about support levels, that stuff is a joke. It does not really exist.
Support levels....

[raiders72001]

Ppl talking about supports and shit are clearly delusional...2/3 of its value lost from december to nov 14 as ppl realize its not being accepted by virtually anyone outside the crime world...in the past 11 days its dropped 2600 from 6300 to 3700...this idea of supports and shit doesn't work when something is inherently worthless and in free fall...supports work in the stock market bc companies have inherent value (unless the company is utterly worthless which is why u see moviepass go from like 2000 to 2 cents) bitcoin has 0 inherent value as a currency in that its not a recognized currency by any govt and is accepted for payment by virtually no one...its value is derived completely from demand and speculation and as you've seen in the last year and in the last 11 days that demand is getting lower by the day...shedding an average of $250 a day from a crypto worth $3700 will have it worthless in 15 days. If you made a ton last year as it was pumped up allover the place in mainstream media and got out great...if youve got money in bitcoin today get out NOW and save yourself some cash..."investing" in bitcoin right now is retarded

Bitcoin ATMs are popping up throughout the world. When there's a crisis in a country such as Greece or Venezuela, people turn to bitcoin.

[raiders72001]

You can use bitcoin to pay for everything if you have a Bitpay debit card. Use it as any other debit card. Go to almost any ATM to convert to cash.

[icon]

You can use bitcoin to pay for everything if you have a Bitpay debit card. Use it as any other debit card. Go to almost any ATM to convert to cash.

Or you could use your regular credit/debit card and avoid the hassle of using bitcoin.

[icon]

https://techcrunch.com/2018/11/25/oh...-tax-payments/

Your money does not exist in a bank either. If everyone went to cash out they could not.
Everything is a big ponzi scheme.

I agree about support levels, that stuff is a joke. It does not really exist.
Support levels....

Comparing banks and the banking system is a real stretch. Supporters of bitcoin can go on hyping it but most people realize its not worth much if anything at all. It was a fun ride but all good things must end.

Bitcoin is no solution to the problems Greece and venezuela are facing. They have much bigger problems and bitcoin will not help at all.

[raiders72001]

Or you could use your regular credit/debit card and avoid the hassle of using bitcoin.

What hassle? You can withdraw 24/7 multiple times per day from a sportsbook and have your money in 15 minutes.