HUGE DROP In BTC And ETH
- Thread starter PowerPath
- Start date
joseph15
Power Member
- Dec 29, 2015
- 718
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I'm not an advocate for bitcoin, but "real value" doesn't really matter; i mean does the US dollar have any real value? It's just a piece of paper after all.
Because that'll only give me a numeric value. I want to determine the intention of the action. Otherwise it would just be my assumption.
For example: Person A and B both sell at the same price after the bubble pops.
Person A gets scared and sells at a loss. But B sells because he already made 10x profit so it was time to sell.
How would I be able to differentiate between the two?
The volume lets me determine the general direction of the market. But I want to know how many newbies vs pros there are.
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I think I might write a bot to scrape data from Polonex.
- Mar 21, 2013
- 24,772
- 31,555
That's the thing with BTC, when it crashes it crashes real hard. Every time.
interkul
Senior Member
- May 21, 2017
- 906
- 95
Guarantee for US dollar is whole US country and it's economy, what is guarantee for btc?
MrChow
Junior Member
- Jul 6, 2016
- 145
- 51
The whole world?
joseph15
Power Member
- Dec 29, 2015
- 718
- 1,020
I mean we weren't talking about which one has a guarantee or is more likely to crash (nothings guaranteed btw). You said the problem with bitcoin is that it has no real value, to which I said that technically you can say the same thing about the US dollar.
drago007mc
Regular Member
- Feb 12, 2017
- 216
- 32
Btc is already at 2,3k but i think that it will hardly go under 2k$. ETH got few hits last few weeks so im not sure about that currency anymore. Dont risk to buy ETH and BTC at the moment. Wait the market to stabilize then but at low... Not expert at all but lets keep it simple>> buy low, sell high
thedude006
Registered Member
- Dec 16, 2009
- 59
- 27
To be clear I am a fan of bitcoin and understand the perception of a currencies value. You can't be serious with this response though? The US national economy is the largest in the world generating trillions of dollars annually.
Bronzesmith
Registered Member
- Apr 15, 2017
- 65
- 21
sell everything now!!!!
Vapys
Power Member
- Aug 17, 2016
- 772
- 512
That's what we're all wondering..
BTC is turning around.
- Apr 4, 2009
- 13,911
- 71,101
Last peak it dropped from about $1000 to just above $200 so this time from $3000 to $600 .. Who know´s, just invest for holding, say 10 years? .. And invest money you can loose only, why not get some ETH and EOS to for the long run, you might be surprised .. =)
Vapys
Power Member
- Aug 17, 2016
- 772
- 512
LocalBitcoins
joseph15
Power Member
- Dec 29, 2015
- 718
- 1,020
Once again, I'm NOT talking about which is more stable or likely to fail. What I'm saying is that a US dollar has no more "real value" than bitcoin.
What I understood from his post was that owning bitcoin is risky because since it doesn't physically exist, it can't have real value. Does having the piece of paper that represents US currency have more "real value" than having a digital bitcoin?