It sounds like you bought some and sold at a loss because you decided to let the market wrek you. I'm still hodling.
Bitcoin
- Thread starter Ron Resnick
- Start date
i did love the NYC BTC convention a few weeks ago where a bunch of kids in Lambos showed up
Ah, the scam with the Lambos rented for the day? What's not to love? I wonder if the guy from the future is still around.
Is this current rally short-covering? A “dead cat” bounce? Finally exhausted sellers?
There is no way to know.
I do know that it is not possible to predict the price at which the sellers are finally exhausted. BTC has suffered a pretty horrific bear market for six months. But some of this rally surely is short-covering.
If BTC clears about 9,600 I think it likely is a real rally.
There is no way to know.
I do know that it is not possible to predict the price at which the sellers are finally exhausted. BTC has suffered a pretty horrific bear market for six months. But some of this rally surely is short-covering.
If BTC clears about 9,600 I think it likely is a real rally.
Who knows. It might go up to twice and half as much (20,000) only to drop later on to zero? It's a vicious game, very.
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vi·cious
adjective
1.
deliberately cruel or violent.
"a vicious assault"
synonyms: brutal, ferocious, savage, violent, dangerous, ruthless, remorseless, merciless, heartless, callous, cruel, harsh, cold-blooded, inhuman, fierce, barbarous, barbaric, brutish, bloodthirsty, fiendish, sadistic, monstrous, murderous, homicidal; informal smash-mouth
"a vicious killer"
malicious, malevolent, malignant, malign, spiteful, hateful, vindictive, venomous, poisonous, rancorous, mean, cruel, bitter, cutting, acrimonious, hostile, nasty;
defamatory, slanderous;
informal catty
"a vicious hate campaign"
2.
literary
immoral.
"every soul on earth, virtuous or vicious, shall perish"
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• https://bitcoinist.com/andreas-antonopoulos-explain-bitcoin-mom/
___
vi·cious
adjective
1.
deliberately cruel or violent.
"a vicious assault"
synonyms: brutal, ferocious, savage, violent, dangerous, ruthless, remorseless, merciless, heartless, callous, cruel, harsh, cold-blooded, inhuman, fierce, barbarous, barbaric, brutish, bloodthirsty, fiendish, sadistic, monstrous, murderous, homicidal; informal smash-mouth
"a vicious killer"
malicious, malevolent, malignant, malign, spiteful, hateful, vindictive, venomous, poisonous, rancorous, mean, cruel, bitter, cutting, acrimonious, hostile, nasty;
defamatory, slanderous;
informal catty
"a vicious hate campaign"
2.
literary
immoral.
"every soul on earth, virtuous or vicious, shall perish"
___
• https://bitcoinist.com/andreas-antonopoulos-explain-bitcoin-mom/
I have read from someone who is a real trader that he suspect internal re-arrangement before a big rally.
Bitcoin is a bit different prices can shift purely on large changes in other coins. A lot of buying/selling of everything else is done with it. It is kind of what USD would look like if it wasnt at all stabalized by regular use globally.
Bob, other than cryptocurrency hackers, who obviously are criminals, and other than employees at coinbase who bought bitcoin cash on the inside information that coinbase was about to begin supporting it, to which crooks are you referring?
Agreed. Some people, for some reason, feel that bitcoin is a scam, but somehow fail to see that the dollar isn't backed up by anything real. Money is a reference, and only that. Value is determined by demand, which in the case of world currencies is often manipulated by banks or countries. Cryptocurrency may be the least manipulated of all. That's its very purpose for existence.
I think Bob made some bad trades. At this point I relish the thought that he got burned, as I am sick of him littering the forum complaining about Bitcoin. From here on I see no reason for FUD to be posted, the continual beratement; why not not post if you aren't contributing anything.
That's from over a month ago, that quote. In the last six months we have read several articles of hackers, manipulators, thieves, etc., from all over the world.
Nobody sane in their bank accounts want to invest/deal/speculate. ...in an infested world full of charlatans, crooks, greed, corrupt, ...fake financial clowns armed with deception and destruction. The digital currency is not ready, the internet is not ready, there is zero security, the system doesn't work, people are not buying this scheme, this Ponzi scheme, this bitcoin scam.
I'm back to where I was, but it don't matter because other stuff is more important. This is like playing Russian roulette @ the casino.
What do you expect Folsom, what type of contribution? Would you like some links, they won't fit your expectation.
This thread has been stagnant for a good while, and now you are sick of me littering and complaining about bitcoin.
You sure won't get me praising it.
Go ahead, it's an open discussion, I won't bite, I'm not a shark. Lol
And you have no reason to be sick about me, I got nothing to do with bitcoin.
When Bitcoin is down it goes silent. The reality is it was the best time to buy Bitcoin miners and Bitcoin. But anything in the stock market is a risk, so is the crypto market. You didn't hear everyone that wasn't a trader or some thing talking about investing a lot in 2008, but in retrospect it was a great time to invest in a lot of companies.
The Crypto just moves way faster.
The Crypto just moves way faster.
It's still a blown-up bubble. Look at all of them - Nasdaq, China, Oil/Commodities, etc. Crypto *isn't* different. I said on this thread to sell in December once the bubble was toppy. Every buy since then has been a bear-market rally with everybody on CNBC saying to get back in.... before it falls right back down again.
I will say, some constructive price action lately breaking a downtrend line but its likely to take 2 years to turn itself around. BTC can probably rally up to 9200 even, but runs into a brick wall. FYI, BTC traded up to 8500 today before reversing to "close" lower.
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