Bitcoin moves to under $4k

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  • sweep
    SBR Posting Legend
    • 10-09-10
    • 16753

    #1
    Bitcoin moves to under $4k
    $3860 just now...

    Shows over
  • The Giant
    SBR Posting Legend
    • 01-21-12
    • 21480

    #2
    Comment
    • BigOrange
      SBR Hall of Famer
      • 08-13-09
      • 6745

      #3
      I read that if it falls below $3,200, it's really going to sink from there.
      Comment
      • icon
        SBR MVP
        • 01-09-18
        • 3463

        #4
        Originally posted by sweep
        $3860 just now...

        Shows over
        One of the biggest issues with bitcoin is that the price is easily manipulated by whales and big players in the market.

        It was a great ride for those that got in early and rode it to its top but investing in any crypto right now would be crazy.
        Comment
        • sweep
          SBR Posting Legend
          • 10-09-10
          • 16753

          #5
          Originally posted by BigOrange
          I read that if it falls below $3,200, it's really going to sink from there.

          Don't blink, $2900 by morning is my guess
          Comment
          • CWD
            SBR Hall of Famer
            • 01-22-12
            • 7665

            #6


            Rigs are scrap metal now
            Comment
            • bhoor
              SBR MVP
              • 12-17-12
              • 2256

              #7
              Everyone said it won't go down below $6k which is what the cost for every BTC mining. I think this is sinking ship.
              Comment
              • milwaukee mike
                BARRELED IN @ SBR!
                • 08-22-07
                • 26914

                #8
                supply vs demand, story as old as time

                almost all of these alt coins are going to 0... so many originators had 1-year holds on their holdings, when those are up it's sell at any price

                i got lucky and sold what i withdrew today right before a 400 drop
                Comment
                • sweep
                  SBR Posting Legend
                  • 10-09-10
                  • 16753

                  #9
                  lets drop those prices in the sbr store
                  Comment
                  • ArunSh
                    SBR Hall of Famer
                    • 09-24-07
                    • 6801

                    #10
                    Originally posted by sweep
                    lets drop those prices in the sbr store

                    Why would they do that heh, it's same amount of $ at the time, $500 in bitcoin etc. whatever the conversion is, not like the things in the store are buying say 1 coin for a certain price, then that might make sense!

                    That said, I certainly wouldn't mind if they did that Almost glad they didn't have a Black Friday special on buying bitcoin like I think they did last year - I would certainly have taken advantage and within one day, my "investment" would already have lost like 20-25% of its value!
                    Comment
                    • sweep
                      SBR Posting Legend
                      • 10-09-10
                      • 16753

                      #11
                      Originally posted by ArunSh
                      Why would they do that heh, it's same amount of $ at the time, $500 in bitcoin etc. whatever the conversion is, not like the things in the store are buying say 1 coin for a certain price, then that might make sense!

                      That said, I certainly wouldn't mind if they did that Almost glad they didn't have a Black Friday special on buying bitcoin like I think they did last year - I would certainly have taken advantage and within one day, my "investment" would already have lost like 20-25% of its value!
                      i was referring to cyber monday deal on btc....pretty sure thats when they had the special last year
                      Comment
                      • ArunSh
                        SBR Hall of Famer
                        • 09-24-07
                        • 6801

                        #12
                        Originally posted by sweep
                        i was referring to cyber monday deal on btc....pretty sure thats when they had the special last year

                        Ahh ok. Well if that's the case this year too, guess we shall see. Not sure it's worth the risk at this point but who knows if it ever was! But generally the feeling seems to be much more inclined towards doom than it is towards it going way back up. As always though, who really knows!
                        Comment
                        • ArunSh
                          SBR Hall of Famer
                          • 09-24-07
                          • 6801

                          #13
                          Despite the $ I've lost with this crash, I can at least be secure that these SBR Book bets are definitely going to win! Take the small victories where you can find them as they say!


                          Ticket#:3868773
                          Jul 01 12:00 PM
                          Jun 28 12:35 AM TNT BITCOIN (BTC) WILL BE OVER $20,000 USD BY 12/1/18
                          [2] NO -600
                          3000.00 / 500.00
                          Ticket#:3868774
                          Jul 01 12:00 PM
                          Jun 28 12:36 AM TNT BITCOIN (BTC) WILL BE OVER $15,000 USD BY 12/1/18
                          [2] NO -300
                          1200.00 / 400.00
                          Comment
                          • jtoler
                            BARRELED IN @ SBR!
                            • 12-17-13
                            • 30967

                            #14
                            hope nobody still holds coins trying to make money
                            Comment
                            • jjgold
                              SBR Aristocracy
                              • 07-20-05
                              • 388179

                              #15
                              show been over a long time

                              many think under 500 eventually
                              Comment
                              • chico2663
                                BARRELED IN @ SBR!
                                • 09-02-10
                                • 36915

                                #16
                                i just keep buying. The lower just means more. If it comes back it is a win. If it loses well it wouldn't be my first loser.
                                Comment
                                • icon
                                  SBR MVP
                                  • 01-09-18
                                  • 3463

                                  #17
                                  Originally posted by chico2663
                                  i just keep buying. The lower just means more. If it comes back it is a win. If it loses well it wouldn't be my first loser.
                                  I would wager its not coming back to anywhere near what people expect or dream of.
                                  Comment
                                  • chico2663
                                    BARRELED IN @ SBR!
                                    • 09-02-10
                                    • 36915

                                    #18
                                    well you never lose anything until it sells or goes under. I have star war toys from the 70's.
                                    Comment
                                    • chico2663
                                      BARRELED IN @ SBR!
                                      • 09-02-10
                                      • 36915

                                      #19
                                      i see it going up in april.
                                      Comment
                                      • jjgold
                                        SBR Aristocracy
                                        • 07-20-05
                                        • 388179

                                        #20
                                        Chico I will bury you man

                                        where do you live??

                                        Lets fight
                                        Comment
                                        • chico2663
                                          BARRELED IN @ SBR!
                                          • 09-02-10
                                          • 36915

                                          #21
                                          Originally posted by jjgold
                                          Chico I will bury you man

                                          where do you live??

                                          Lets fight
                                          just come to my ncaa thread. make enough money to buy a pro. Get that aggression out. Houston texas is where I live but donk has your pic at both airports with a reward. So i think you should stay safe.
                                          Comment
                                          • bonzaii
                                            SBR Hall of Famer
                                            • 07-07-17
                                            • 5000

                                            #22
                                            Originally posted by jjgold
                                            show been over a long time

                                            many think under 500 eventually
                                            Why stop at 500? Why not 50 bucks?
                                            Comment
                                            • Itsamazing777
                                              SBR Posting Legend
                                              • 11-14-12
                                              • 12602

                                              #23
                                              Funny how people just thought they would keep getting free money.
                                              Comment
                                              • soobv
                                                SBR Hustler
                                                • 05-31-16
                                                • 69

                                                #24
                                                Tulip bubble all over again. When you really think about it, a hundred years from now people will see the Tulip bubble and Bitcoin as very similar. An "asset" with no true utility peaking at some peoples annual salaries.
                                                Comment
                                                • soobv
                                                  SBR Hustler
                                                  • 05-31-16
                                                  • 69

                                                  #25
                                                  I don't see an end in site here. There was a big wave of people who bought between 1,000-4,000 early last year. Many people never sold thinking it would go to 100k. Now that it has done a full 75-80% retracement these long time holders are going to be in a tough situation.

                                                  A) Keep it and take it to the grave (no longer riding with house money)
                                                  B) sell now and lock in a small profit or break even

                                                  Many of those people are choosing option A because there are a lot of weak hands in this market and so many BTC are held by so few people.
                                                  Comment
                                                  • icon
                                                    SBR MVP
                                                    • 01-09-18
                                                    • 3463

                                                    #26
                                                    Originally posted by Itsamazing777
                                                    Funny how people just thought they would keep getting free money.
                                                    There were plenty of people that made a killing on bitcoin but all good things must come to an end.

                                                    Unfortunately there are people that lost a lot of dough on it as well.
                                                    Comment
                                                    • thechaoz
                                                      SBR Posting Legend
                                                      • 10-23-09
                                                      • 12154

                                                      #27
                                                      The thing that truly kills BTC is it's a pain in the ass and confusing to most people.

                                                      I'm very tech savvy but was even like wtf. I had to really grasp the concept so I didn't "lose" my coins somehow. Just trying to understand the safe process of backing up is whole lesson.

                                                      This turns off most people.
                                                      Comment
                                                      • jjgold
                                                        SBR Aristocracy
                                                        • 07-20-05
                                                        • 388179

                                                        #28
                                                        Originally posted by chico2663
                                                        just come to my ncaa thread. make enough money to buy a pro. Get that aggression out. Houston texas is where I live but donk has your pic at both airports with a reward. So i think you should stay safe.

                                                        Comment
                                                        • milwaukee mike
                                                          BARRELED IN @ SBR!
                                                          • 08-22-07
                                                          • 26914

                                                          #29
                                                          Originally posted by thechaoz
                                                          The thing that truly kills BTC is it's a pain in the ass and confusing to most people.

                                                          I'm very tech savvy but was even like wtf. I had to really grasp the concept so I didn't "lose" my coins somehow. Just trying to understand the safe process of backing up is whole lesson.

                                                          This turns off most people.
                                                          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
                                                          Comment
                                                          • ddittie
                                                            SBR Wise Guy
                                                            • 09-15-12
                                                            • 819

                                                            #30
                                                            its over, it was over the second they stopped allowing ppl to buy bitcoins with ************.
                                                            Comment
                                                            • ddittie
                                                              SBR Wise Guy
                                                              • 09-15-12
                                                              • 819

                                                              #31
                                                              credit.... cards can't be typed? lol
                                                              Comment
                                                              • Bluehorseshoe
                                                                SBR Posting Legend
                                                                • 07-13-06
                                                                • 15000

                                                                #32
                                                                Originally posted by icon
                                                                One of the biggest issues with bitcoin is that the price is easily manipulated by whales and big players in the market.

                                                                It was a great ride for those that got in early and rode it to its top but investing in any crypto right now would be crazy.
                                                                Which means it will be manipulated back. Don't buy till Jan.
                                                                Comment
                                                                • bhoor
                                                                  SBR MVP
                                                                  • 12-17-12
                                                                  • 2256

                                                                  #33
                                                                  The big holders are Russians and Chinese. And US banking cartel/Illuminati/CIA wanted BTC gone.
                                                                  Comment
                                                                  • ChuckyTheGoat
                                                                    BARRELED IN @ SBR!
                                                                    • 04-04-11
                                                                    • 37433

                                                                    #34
                                                                    Was BtC a ponzi-scheme all along?
                                                                    Where's the fuckin power box, Carol?
                                                                    Comment
                                                                    • bonzaii
                                                                      SBR Hall of Famer
                                                                      • 07-07-17
                                                                      • 5000

                                                                      #35
                                                                      Originally posted by bhoor
                                                                      The big holders are Russians and Chinese. And US banking cartel/Illuminati/CIA wanted BTC gone.
                                                                      Comment
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