Bitcoin Price Tracking & Discussion -- 2019

**Hman** · 09-24-19, 02:07 PM

This is unreal

Since payout 1.5 hours ago I've lost almost $1,000.

Thanks again Coinbase for dragging your feet on approval!

**firedawg** · 09-24-19, 02:08 PM

Originally posted by Hman

This is unreal

Since payout 1.5 hours ago I've lost almost $1,000.

Thanks again Coinbase for dragging your feet on approval!

Damn

**Hman** · 09-24-19, 02:09 PM

Originally posted by MinnesotaFats

https://www.google.com/amp/s/www.new...-weakness/amp/

Guy says 5800 possible again, thou see strong support at 8500...guess we'll see here soon.

Not what I/we wanted to see

**TheMoneyShot** · 09-24-19, 02:40 PM

I can't remember exactly the time line... or how many days went by.... but when it dropped from 19.5k to 11.2k. I felt like I was literally choking....

Same feeling right now if some people were hanging on at 10.5k.... an now it's at 8.6k... when do you sell off?

This time around... there's more attention towards Bitcoin.... and it never even hit 15k???

POS coin

Only people winning are the smart traders....

**Art Vandelay** · 09-24-19, 02:59 PM

Any thoughts on when drop this might bottom out? Might try to buy low...

**bigtymer56** · 09-24-19, 03:04 PM

Originally posted by Art Vandelay

Any thoughts on when drop this might bottom out? Might try to buy low...

No clue. Tried to get a buy order in at $8,100. Couldn't, Coinbase is going crazy.

**bigtymer56** · 09-24-19, 03:05 PM

Lol, just checked again.... at $8700.

**Hman** · 09-24-19, 03:44 PM

Originally posted by Art Vandelay

Any thoughts on when drop this might bottom out? Might try to buy low...

ppl wanting to buy low and ppl like me wondering if they should take the loss today and cash out before it gets worse.

**blankoblanco** · 09-24-19, 03:50 PM

If you somehow think BTC isn't going to get back to 10k+ you haven't been paying attention. Easy buy

**Hman** · 09-24-19, 03:56 PM

Originally posted by blankoblanco

If you somehow think BTC isn't going to get back to 10k+ you haven't been paying attention. Easy buy

Probably but I'm not in it to trade.

I just want to cash out to my bank when i make a withdrawal from my book and coinbase get off of their azzes and approve the transaction before it drops like it does each & every time with me

**themike78** · 09-24-19, 05:07 PM

Originally posted by Art Vandelay

Any thoughts on when drop this might bottom out? Might try to buy low...

Yes. It will be worth about 50 cents by Friday. Garbage product that nobody uses.

**asiagambler** · 09-24-19, 08:25 PM

Originally posted by TheMoneyShot

POS coin

Nope, Bitcoin is a POW coin

**GzaTheGenius** · 09-24-19, 08:27 PM

Was gonna cash out 850 from last week but I guess I'll wait now.. probably lose half of it next week lol

**Sam Odom** · 09-24-19, 11:47 PM

Buying Opportunities if you are a trader

**raiders72001** · 09-25-19, 12:16 AM

Originally posted by Sam Odom

Buying Opportunities if you are a trader

Agree. I'm not sure if I'm buying it but some say the sell off was caused by margin calls at Bitmex.

Some good news is that Bakkt bitcoin futures market opened.

**HAPPY BOY** · 09-25-19, 05:20 AM

used for first time. coinbase took 6 days to clear my funds. lost 15% of my initial purchase value. might be convenient for transfers and to fund offshore books but Im still a cash guy..screw this.

**Poisec** · 09-25-19, 05:42 AM

At least on the stock market you know why a stock goes up or down. here no freaking clue.

**Poisec** · 09-25-19, 05:47 AM

Originally posted by Hman

This is unreal

Since payout 1.5 hours ago I've lost almost $1,000.

Thanks again Coinbase for dragging your feet on approval!

Sorry for your loss, but that's exactly why I hate BTC to do any kind of transaction, unless I feel the market is stable. Just Ethereum for instance is much faster. Executing a high amount BTC transaction makes me stressed.

And it sucks because you would think losses and winnings because of the price movement should even out, but after such bad luck tough to believe you will have an equivalent winning moment in the future.

**BeatTheJerk** · 09-25-19, 05:50 AM

Originally posted by Poisec

At least on the stock market you know why a stock goes up or down. here no freaking clue.

This.

**BeatTheJerk** · 09-25-19, 05:52 AM

Originally posted by HAPPY BOY

used for first time. coinbase took 6 days to clear my funds. lost 15% of my initial purchase value. might be convenient for transfers and to fund offshore books but Im still a cash guy..screw this.

If the market is in a downward spiral I leave my deposit in usd until my funds clear to send to book.

**Hman** · 09-25-19, 06:12 AM

Originally posted by Sam Odom

Buying Opportunities if you are a trader

Keywords "if you are a trader'

For those of us just getting payouts if we wanted to continue to gamble we would just leave it at that specific sports book.

Per the advice of other I'm going to have to start using someone others than Coinbase who has been my major problem

**Poisec** · 09-25-19, 06:16 AM

Originally posted by Hman

Keywords "if you are a trader'

For those of us just getting payouts if we wanted to continue to gamble we would just leave it at that specific sports book.

Per the advice of other I'm going to have to start using someone others than Coinbase who has been my major problem

Try Bitstamp, it's great, if available for your country.

**MrSink** · 09-25-19, 06:19 AM

rough day hman

unlucky

**Hman** · 09-25-19, 08:21 AM

Originally posted by MinnesotaFats

https://www.google.com/amp/s/www.new...-weakness/amp/

Guy says 5800 possible again, thou see strong support at 8500...guess we'll see here soon.

I'm beginning to have my doubts it will recover anytime soon and this is where it's headed

**Hman** · 09-25-19, 08:22 AM

Originally posted by Poisec

Try Bitstamp, it's great, if available for your country.

Thanks will give it a look.

Already trying CashApp per advice from others here but having difficulties with ID verification

Originally posted by MrSink

rough day hman

unlucky

Definitely and getting worse

Thanks for your condolences

**MrSink** · 09-25-19, 09:36 AM

Originally posted by Hman

Definitely and getting worse

Thanks for your condolences

yeah it sucks . expierienced over 10% swing during withdrawal once as well

**Hman** · 09-25-19, 09:54 AM

Originally posted by MrSink

yeah it sucks . expierienced over 10% swing during withdrawal once as well

It's mostly Coinbase's fault but partially mine.

They wait 1-2 hours to approve the transaction and every time I have been on the wrong side of the price change.

So instead of taking a small loss, I decide to wait thinkin it will go back up enough to get that back, but instead it just keeps falling.

It just furiates me that I bust my azz in the books to win that money, and then i lose it over some lackadaisical company and something I have no control over.

I am wise enough like most of you guys to understand that Bitcoin is the easiest way to move funds these days, but to be honest this discourages me enough to consider taking different forms of payouts in the future.

**milwaukee mike** · 09-25-19, 09:58 AM

Originally posted by Hman

It's mostly Coinbase's fault but partially mine.

They wait 1-2 hours to approve the transaction and every time I have been on the wrong side of the price change.

So instead of taking a small loss, I decide to wait thinkin it will go back up enough to get that back, but instead it just keeps falling.

It just furiates me that I bust my azz in the books to win that money, and then i lose it over some lackadaisical company and something I have no control over.

I am wise enough like most of you guys to understand that Bitcoin is the easiest way to move funds these days, but to be honest this discourages me enough to consider taking different forms of payouts in the future.

i like using kraken instead, unless you're on coinbase pro their fees are crazy

and my suggestion would be take smaller withdrawals, might make sense to take out $1000/day instead of $5k-10k at a time to minimize price fluctuations

**jtoler** · 09-25-19, 10:05 AM

**MrSink** · 09-25-19, 10:25 AM

Originally posted by Hman

It's mostly Coinbase's fault but partially mine.

They wait 1-2 hours to approve the transaction and every time I have been on the wrong side of the price change.

So instead of taking a small loss, I decide to wait thinkin it will go back up enough to get that back, but instead it just keeps falling.

It just furiates me that I bust my azz in the books to win that money, and then i lose it over some lackadaisical company and something I have no control over.

I am wise enough like most of you guys to understand that Bitcoin is the easiest way to move funds these days, but to be honest this discourages me enough to consider taking different forms of payouts in the future.

isnt it the same in other companies that you have to wait until receiving those confirmations from network ? it is arround 1 hour in most cases .

yeah taking smaller withdrawals , more often is great idea

**Hman** · 09-25-19, 10:34 AM

Originally posted by MrSink

isnt it the same in other companies that you have to wait until receiving those confirmations from network ? it is arround 1 hour in most cases .

yeah taking smaller withdrawals , more often is great idea

I've heard from others that it isn't normal.

When I send from Blockchain to Coinbase it's instant.

I sent $10,005 from Block to CB and by the time Coinbase approved it was close to $9,000.

Of course there are times ppl benefit when it's the opposite.

Ive just had extremely bad luck with timing.

Sound advice from you and Milwaukee Mike to send smaller amounts.

**asiagambler** · 09-25-19, 10:59 AM

Originally posted by raiders72001

Agree. I'm not sure if I'm buying it but some say the sell off was caused by margin calls at Bitmex.

Some good news is that Bakkt bitcoin futures market opened.

And you can short bitcoin so is that necessarily a good thing?

Price tumbled hard when CBOE and CME launched bitcoin futures though unlike Bakkt, they were cash settled futures

**milwaukee mike** · 09-25-19, 01:16 PM

Originally posted by Hman

I've heard from others that it isn't normal.

When I send from Blockchain to Coinbase it's instant.

I sent $10,005 from Block to CB and by the time Coinbase approved it was close to $9,000.

Of course there are times ppl benefit when it's the opposite.

Ive just had extremely bad luck with timing.

Sound advice from you and Milwaukee Mike to send smaller amounts.

i've had similar bad luck waiting for confirmations, down way more often than up

i wonder if a small part of the price drops are because sportsbooks are sending out payouts at that time of day, causing selling pressure? i know that's a stretch but sometimes it probably only takes a small amount of bitcoin selling to trigger some more selling by the trading bots.

**TheMoneyShot** · 09-25-19, 01:25 PM

Originally posted by milwaukee mike

i've had similar bad luck waiting for confirmations, down way more often than up

i wonder if a small part of the price drops are because sportsbooks are sending out payouts at that time of day, causing selling pressure? i know that's a stretch but sometimes it probably only takes a small amount of bitcoin selling to trigger some more selling by the trading bots.

Interesting perspective... but remember the PO's are coming from wallets... not exchanges. I don't think that would trigger anything.

Somehow they get the data on rapid buys and rapid sells from exchanges.... that would change the price.

**raiders72001** · 09-25-19, 06:17 PM

Originally posted by TheMoneyShot

Interesting perspective... but remember the PO's are coming from wallets... not exchanges. I don't think that would trigger anything.

Somehow they get the data on rapid buys and rapid sells from exchanges.... that would change the price.

true. That's why the margin calls at Bitmex most likely played a part in the bitcoin price drop.