Bitcoin Price Tracking & Discussion -- 2020

**Optional** · 03-16-20, 09:35 AM

Originally posted by Wrongside

Another Free-fall... As much as BTC makes no sense, is is getting somewhat predictable to this amateur here. Dow futures are down, so BTC is going to be in free-fall....And when the Dow Jumps up 2k, BTC is real comfortable not mirroring that...

It's called being an "on risk" currency. Canadian and Aussie dollars are the same. Basically follow the highs and lows of the market indexes.

It's actually considered a useful thing. Holding your assets in an on risk currency whilst earning income in a base currency like Euros or US$ in the bad times.

Imagine how awesome this would be for you if your assets were all bitcoin and every time you got paid in US$ at work, it was converted to bitcoin each time. Your income would be nearly double what it was last year... in the same moment everyone else's buying power has gone down.

**mrpapageorgio** · 03-16-20, 11:48 AM

Bitcoin mempool has around 50,000 pending transactions as of this post. Adjust your fees accordingly.

**raiders72001** · 03-16-20, 05:45 PM

Day trading coin eosDAC.

**asiagambler** · 03-16-20, 05:48 PM

Capitulation?

**Yulia74** · 03-17-20, 01:07 AM

it's pretty clear we are looking at somewhat of a prolonged bear market

**icon** · 03-17-20, 01:08 AM

$5300

**Hman** · 03-17-20, 09:07 AM

How low will it go?

But now or wait?

**Optional** · 03-17-20, 09:22 AM

Originally posted by Hman

How low will it go?

But now or wait?

Wait for the share market to make a clear upward trend, at least.

Personally I think you would be more sure to make money with less risk if you moved all your cash assets into Canadian or AUssie dollars for now. With a plan to return them to US$ once the markets hit a new high next time.

I could see you making 30%/pa on that over the next year or so.

**asiagambler** · 03-17-20, 11:10 AM

Starting to decouple from stocks

US currency debasement soon to follow after the Fed's hail mary

This coronavirus shakeout is actually looking good for bitcoin long term

**Optional** · 03-17-20, 01:13 PM

She is trying hard to bounce back today

**louisvillekid** · 03-17-20, 04:57 PM

Just other day it dropped down to barely over 4000(might went below briefly) and then within the day, or half day it was back at 5800+(might even got to 5900, but i don't think it broke 6k).
But had me thinking of the big money traders/gamblers out there that probably bought in around 4k and was dumping between 5500-5800.

A 12k risk could've scored someone 4.5k to possibly 5.4k minus fees.

I turned my coinbase and wallet alerts off. I ain't got enough in each to keep knowing every time it jumps up or down a +5% move. Knowing i lost or gained $5-6 in one, or $10-11 in the other got annoying. Sometimes there be 3 alerts in under 15 minutes.

**bitcoinLuke** · 03-17-20, 05:57 PM

Originally posted by asiagambler

Starting to decouple from stocks

US currency debasement soon to follow after the Fed's hail mary

This coronavirus shakeout is actually looking good for bitcoin long term

Its not decoupling from anything. The dow was up over 1000 points today, bitcoin went up. The dow was down 2000 yesterday, bitcoin went down

**asiagambler** · 03-17-20, 06:44 PM

Originally posted by bitcoinLuke

Its not decoupling from anything. The dow was up over 1000 points today, bitcoin went up. The dow was down 2000 yesterday, bitcoin went down

What the hell does "It's not decoupling from anything" mean?

It's correlated to every single market???

Look at their charts superimposed and look at more than just the last 2 days

Also Bitcoin dropped a little yesterday while the Dow had the 2nd biggest drop in history. That's not really a comparison

**raiders72001** · 03-17-20, 06:54 PM

Because of this coronavirus, all bets are off. In the past there hasn't been a correlation between the US economy and the price of bitcoin. The Chinese economy played a bigger role.

**asiagambler** · 03-17-20, 07:05 PM

Originally posted by raiders72001

Because of this coronavirus, all bets are off. In the past there hasn't been a correlation between the US economy and the price of bitcoin. The Chinese economy played a bigger role.

Yes last few days have been encouraging for bitcoin after black Thursday. I thought we were headed for sub 2k but it's managed to hold on at current levels

Bitcoin arose partly because of the financial crisis in 2008 and that's why I think this crisis can actually strengthen its position because of the same public sentiment... (regardless of my personal views)

**raiders72001** · 03-17-20, 07:08 PM

Originally posted by asiagambler

Yes last few days have been encouraging for bitcoin after black Thursday. I thought we were headed for sub 2k but it's managed to hold on at current levels

Bitcoin arose partly because of the financial crisis in 2008 and that's why I think this crisis can actually strengthen its position regardless of my personal views...

I agree that a crisis can help. It helped when the currencies in Venezuela and Greece crashed.

**asiagambler** · 03-17-20, 07:13 PM

Originally posted by raiders72001

I agree that a crisis can help. It helped when the currencies in Venezuela and Greece crashed.

Right, obviously we're not going to see it to that extent but we're almost certainly headed for a recession

**bitcoinLuke** · 03-17-20, 07:16 PM

Originally posted by asiagambler

What the hell does "It's not decoupling from anything" mean?

It's correlated to every single market???

Look at their charts superimposed and look at more than just the last 2 days

Also Bitcoin dropped a little yesterday while the Dow had the 2nd biggest drop in history. That's not really a comparison

Are you stupid or do you even know what decoupling means, or are you just repeating the parrots you see on twitter?

The bitcoin price direction has followed the Dow every day, that's not decoupling. Look at it right now, Dow futures are going down, Bitcoin is dumping. Just because one goes down 5% and the other dumps 10% it isnt decoupling.

**asiagambler** · 03-17-20, 07:37 PM

Originally posted by bitcoinLuke

Are you stupid or do you even know what decoupling means, or are you just repeating the parrots you see on twitter?

The bitcoin price direction has followed the Dow every day, that's not decoupling. Look at it right now, Dow futures are going down, Bitcoin is dumping. Just because one goes down 5% and the other dumps 10% it isnt decoupling.

You have no clue about anything, let alone decoupling

Dow dropped almost THREE THOUSAND POINTS yesterday dumbfuck, not 2000

Do you realize bitcoin would be 1k right now if it had a similar drop??

Bitcoin is dumping????? Show me where??? Where is the liquidity???

You idiot maximalists are all the same. Go learn some new plays from the shill book

You really had the nerve to call me stupid and talk about repeating the parrots (LOL redundancy) on Twitter?

Bonus question: Who am I parroting on Twitter. Find me one person

**bitcoinLuke** · 03-18-20, 01:59 AM

Originally posted by asiagambler

You have no clue about anything, let alone decoupling

Dow dropped almost THREE THOUSAND POINTS yesterday dumbfuck, not 2000

Do you realize bitcoin would be 1k right now if it had a similar drop??

Bitcoin is dumping????? Show me where??? Where is the liquidity???

You idiot maximalists are all the same. Go learn some new plays from the shill book

You really had the nerve to call me stupid and talk about repeating the parrots (LOL redundancy) on Twitter?

Bonus question: Who am I parroting on Twitter. Find me one person

Imagine being this dumb and thinking anything you're saying is correct.

Someone explain to this goof what decoupling means because he obviously doesnt have a clue, and I cant deal with his ignorance .

**asiagambler** · 03-18-20, 11:41 AM

Originally posted by bitcoinLuke

Imagine being this dumb and thinking anything you're saying is correct.

Someone explain to this goof what decoupling means because he obviously doesnt have a clue, and I cant deal with his ignorance .

You waited all this time and that's all you got?

That you can't answer a single question just proves my point

By the way, Bitcoin holding steady today while Dow down another 1500 points

bUt i ThOuGHt bITcOiN fOllOWeD tHe dOw eVeRY sInGLe dAY

And here's what I don't get... Why does that upset you? I guess you're too dumb to realize that decoupling would be good for bitcoin? I mean I only spelled it out in my original post. You literally latched onto the most insignificant part of it for what reason I don't know, other than to expose yourself as a giant fool

I'll let you in on something though. People outside crypto may not know any better but JFC you're a know-nothing blowhard so typical of the retarded hodlers that just meme all day about going to the moon! and buying lambos! (Hint: Having 'bitcoin' in your name and a bitcoin pic in your avatar are dead giveaways)

Since you have lots and lots of free time on your hands nowadays, try actually learning something and having an original thought for once instead of parroting some shill/influencer on twitter (nice projection there btw

)

**trytrytry** · 03-19-20, 12:03 PM

some positive bump going on we shall see crzay times

**asiagambler** · 03-19-20, 12:08 PM

Originally posted by trytrytry

some positive bump going on we shall see crzay times

Will hit new ATH this year in my opinion.

**pimike** · 03-19-20, 12:09 PM

Originally posted by trytrytry

some positive bump going on we shall see crzay times

Good!!!

Keep bumping up

**big joe 1212** · 03-19-20, 12:42 PM

Up 20% in 24 hours

**mrpapageorgio** · 03-19-20, 12:58 PM

At $6300 as of this post. Made money withdrawing from the books and leaving it in bitcoin.

**Bsims** · 03-19-20, 01:05 PM

Originally posted by mrpapageorgio

At $6300 as of this post. Made money withdrawing from the books and leaving it in bitcoin.

same here

**pablo222** · 03-19-20, 01:48 PM

I had a Corona induced sell last week. Wish I didnt.

**JoeCool20** · 03-19-20, 03:45 PM

Originally posted by mrpapageorgio

At $6300 as of this post. Made money withdrawing from the books and leaving it in bitcoin.

LOL Yeah as long as you weren't exposed to any of the drop from $10 grand down to $5 grand,

and you only had BTC from $5 grand up to here, then you made money!

**mrpapageorgio** · 03-19-20, 03:53 PM

Originally posted by JoeCool20

LOL Yeah as long as you weren't exposed to any of the drop from $10 grand down to $5 grand,

and you only had BTC from $5 grand up to here, then you made money!

Had no Bitcoin until I withdrew from the books and the price was in the $5k range. I said before on another thread I'll just let the bitcoin price be my gambling using the money I withdrew until sports resumes, no sense for me in leaving it in the book otherwise.

**deadphish** · 03-19-20, 04:14 PM

0 new corona cases "recorded" on Thur in China likely influenced price?

**asiagambler** · 03-19-20, 04:22 PM

Originally posted by deadphish

0 new corona cases "recorded" on Thur in China likely influenced price?

No that was only for Wuhan, not all of China which still had new cases.

**JoeCool20** · 03-19-20, 04:26 PM

Originally posted by mrpapageorgio

Had no Bitcoin until I withdrew from the books and the price was in the $5k range. I said before on another thread I'll just let the bitcoin price be my gambling using the money I withdrew until sports resumes, no sense for me in leaving it in the book otherwise.

I had a BTC store order on here that didn't get filled within 2 days for the first time ever. And the price went from

$10 grand down to 5 grand! So my BTC would have been halved, but I didn't get it until 2 days ago, and now price

is going up! LOL Some very good luck for me! I'll take it.

**deadphish** · 03-19-20, 06:14 PM

Originally posted by asiagambler

No that was only for Wuhan, not all of China which still had new cases.

are you sure?

<<For the first time since the coronavirus outbreak started, China has reported no new domestic transmissions of Covid-19, a major milestone in the country’s fight against the pandemic.>>

China reports no domestic cases of coronavirus for first time since outbreak began

https://www.theguardian.com/world/2020/mar/19/china-reports-no-domestic-cases-of-coronavirus-for-first-time-since-outbreak-began

China’s health commission says all of Wednesday’s new cases were recent overseas arrivals, as Australia and New Zealand close borders to foreign arrivals

**asiagambler** · 03-19-20, 06:18 PM

Originally posted by deadphish

are you sure?

<<For the first time since the coronavirus outbreak started, China has reported no new domestic transmissions of Covid-19, a major milestone in the country’s fight against the pandemic.>>

https://www.theguardian.com/world/20...outbreak-began

Lol, literally right from the article:

"China’s national health commission said on Thursday there were 34 new cases, but all were recent overseas arrivals."