Bitcoin

[meheez]

Ahh the human psyche, always attributes the good results to personal skill while blaming others for bad outcomes...

You cant time markets perfectly without being lucky, no one can. Its foolish to take pride is such things.

[Zan15]

awww how cute, I remember my first crypto crash. How much money did your mom let you invest? 100$ There are always crashes...and then there is always the retrace. This dude said RIPERONI, lmao

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This is 235rd time Bitcoin has "died" https://99bitcoins.com/obituary-stats/ crashses always happen, and always will, part of the game. OP is just a kid who must have learned about/got into crypto very recently...

So based on that web site anyone whom invested after Nov 30th call of death is now in the RED if they did not sell....

lol

people called for the dot com burst almost a year before it actually happen, but it did in fact happen.....as expected and predicted.

[chazus]

absolutely not in any way a pyramid scheme

It's not. So stop saying it is.

[Bathory]

Who the hell are you even talking to OP? Did you just feel like making a rambling stroke job?

Rise and fall happens. This isn't news unless you're new here.

[Zelk]

It's not. So stop saying it is.

I didn't say it was. That thought popped into your head even though I said the opposite. Weird, isn't it?

[chazus]

So based on that web site anyone whom invested after Nov 30th call of death is now in the RED if they did not sell....

lol

people called for the dot com burst almost a year before it actually happen, but it did in fact happen.....as expected and predicted.

Actually, that's not true. At least reasons. This isn't a 'bubble bursting'. This is a known market change.

It's like saying you have $10, and your friend saying you lose money all the time for silly reasons, and then you say you're going to go grab some food, and your friend is like "Hah! I knew he'd lose his money!" .. well.. no. We knew that was going to happen. It wasn't some chance thing or anything...

[Molis]

It is as unpredictable as the housing market crash
Nobody believes it will happen, but it will. People will commit sucicide, life will go on

All good things, what goes up must come down etc etc

[Tommi]

Only fools would buy bitcoin. Altcoins are where the real money is at. Knowing when to buy those coins and dump them is key.

Protip: If it's in mainstream media, it's too late.

[chazus]

It is as unpredictable as the housing market crash
Nobody believes it will happen, but it will. People will commit sucicide, life will go on

All good things, what goes up must come down etc etc

Except that's not what happened. It's not 'crashing'. It's only crashing to people who don't know what's going on. It's like walking by a building being demolished, and saying "omg that building just randomly collapsed!"

It was entirely predictable. Those who pay attention moved things elsewhere (or may stick it out). Those who don't go 'omg it crashed randomly'

[suprep]

Let me get this straight, we are back to what we started on about 10 days ago and now it's the end of the world? If you can't handle seeing this volatility then you really ought not to be in cryptocurrencies. It's a reason why some people made it well off and the others just panic sell and move on. I don't personally trust Bitcoin at least (Ethereum believer here), so I hold no BTC.

Been here for almost 2 years and still holding strong, today's dip saw me lose over almost half a million dollars but I'm not worried at all. These things have happened in the past quite a lot of times, just remember to take profit on the way.

On another good news, Bitconnect is gone!

[Ealyssa]

I only bought a 100$ of them when it was priced a bit lower than 2$. Because I'm a nerd and liked the idea of nerd moneyz.

Still remember years ago when a coffee shop in Canada (or maybe the us ?) allowed tiping with BTC and it made the news on the world geek web

[Doctor Amadeus]

So is this the mandatory daily crypocurrency thread?

As long as their are those trying to pitch this thing and safe face when this market uh "Corrects itself"

[Grapemask]

Bitcoin and other cryptos will probably go back up. This same thing happened the last time crypto went big in the news - huge surge, a couple months later, it all came crashing down for about a year. Although in that case, it was also aided by a major exchange getting shut down, but we're also seeing that the market is so volatile that the media frenzy drove a massive spike.

Come back this time next year and you'll probably double your money, if not more, from whatever you invested now. That's just how crypto goes. Don't get me wrong, I want most of this stuff to burst and go away too, but realistically, nothing actually occurred that would cause it. We're just seeing a slow decline that turned into a rapid sell-off, amplified by the ridiculous volatility of the market, causing more rapid sell-off. Yet the properties of crypto that formed the market to begin with are all still there - unlike all of the bubble bursts of other markets, where some real event ended their tyranny.

[Blobfish]

I hope Coin Daddy & his homies have not taken to much of a hit.

https://www.businessinsider.com.au/b...uary-16-2018-1


Declining Japanese and South Korean trading volumes have been blamed for spooking cryptocurrency markets this weekend.

The CEO of the oldest bitcoin exchange says all platforms are struggling with ‘the massive amount of new users’

There’s a bitcoin rapper called CoinDaddy, and he’s just one of the fantastic characters in San Francisco’s bizarre crypto culture.

Canada could become the world’s bitcoin mining capital as China cracks down, since regions like Quebec have excess power capacity.
Other countries like Kazakhstan and Venezuela are also said to be courting miners.

Finally, there’s a Japanese pop group getting paid in bitcoin to sing about cryptocurrencies.

[Mormolyce]

So where do you guys go to track the value of bitcoins anyway?

Here?

https://charts.bitcoin.com/chart/price

oh FFS bitcoin has dies 8 times already. It's fine.

And it'll continue to be fine, unless suddenly it isn't.

That's how highly volatile speculative investments work.

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It's not. So stop saying it is.

I mean, no it isn't, but it IS an investment that is almost entirely driven by speculation rather than intrinsic value.

[Minikin]

another thread. perhaps we need a sub forum to keep all these in?

btw if anyone is actually interested in this, dont just look at bitcoin. bitcoin is a dinosaur. the blockchain tech is important and will stick around. there are other coins out there, specifically ethereum.

[lokithor]

So where do you guys go to track the value of bitcoins anyway?

Here?

https://charts.bitcoin.com/chart/price



And it'll continue to be fine, unless suddenly it isn't.

That's how highly volatile speculative investments work.

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I mean, no it isn't, but it IS an investment that is almost entirely driven by speculation rather than intrinsic value.

I actually just use coinbase for the most part. I'm small time and do it for fun. I haven't invested anything I cant afford to lose.

I mainly mine though, and if shit hits the fan I can sell off my hardware and come close to breaking even.

[chazus]

I mean, no it isn't, but it IS an investment that is almost entirely driven by speculation rather than intrinsic value.

Oh, certainly.

I'm just saying, don't call it a thing that it isn't. A pyramid scheme isn't 'anything driven by speculation'

[Minikin]

So where do you guys go to track the value of bitcoins anyway?

Here?

https://charts.bitcoin.com/chart/price



And it'll continue to be fine, unless suddenly it isn't.

That's how highly volatile speculative investments work.

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I mean, no it isn't, but it IS an investment that is almost entirely driven by speculation rather than intrinsic value.

mormolyce, keep an eye on east asian news, specifically china, south korea as that is a huge market. Coin Market Cap is usually the go to one. Unlike the general market crypto currency exchanges do not stop trading. You could go to bed with 1 obscure coin being $0.01, wake up and its worth $2.00. It is EXTREMELY volatile. This is China's 3rd smack at it.

I wont say to invest or not to. You are the best judge of your finances.

[dwarven]