bitcoin down down down

in the last week bitcoin still going down

wall street go up

bitocoin go down

any relashionship ?

so you mean its to buy bitcoin and wait for the time it will be BOOM again

makie006 said:

so you mean its to buy bitcoin and wait for the time it will be BOOM again

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i dont know im not expert i have a coibase account with 500$ inside and day by day the amount decreased

POW being replaced is going to take a while now, plus some other things in the Crypto world (I know POW relates to Eth, still affects the industry in general though).

IMHO investing in Bitcoin/Eth is a long term punt. It's going to take a good few years for values to really boom again. What happened before was just a speculative load of nonsense driven by people who didn't understand the technology - a bit like the first .com boom.

Just like the .com boom/bust, the technology was a great idea - it just needed more time to build and grow. I look at Bitcoin, Eth et al in the same way as Amazon or Google stocks in the early 2000's. It took a good decade but eventually alot of people made serious money. I think of things like POS in the same way as Broadband/Fibre - bits of technology/improvement that will ultimately see mainstream adoption.

The technology is good and will eventually become something hugely important to the world economy - just like the internet. It's going to be a long term investment to see a huge return though.

I'm selling it now.. 1BTC less than $9600 ...

I believe the direction is up and significantly up, but for now in the short term it is down.

People panic and sell, which drives the value down further. Its a lot like the stock market that way, but to say the state of the two markets are somehow connected is a stretch.

It's a well known phenomena called market correlation. It happens on a lot of markets all the time. When the $ goes up, stocks go down and vice versa, almost like clockwork.

Crypto market is irrational, as always. I have my doubts that people actually can predict these movements with accuracy. I know I could be reach if I could predict these moves, spending my time o a sunny beach with a beer in my hand....

blue_knight said:

Crypto market is irrational, as always. I have my doubts that people actually can predict these movements with accuracy. I know I could be reach if I could predict these moves, spending my time o a sunny beach with a beer in my hand....

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No market can be predicted. All one can do is make a best guess based on whatever and hope you are right more often than not. Counting cards is easier and will give you better odds and payouts lol.

I think we should focus more on altcoins. Way more profit potential like with ICX.

It's a wonderful rollercoaster

gorillabob1 said:

It's a wonderful rollercoaster

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Wonderful to watch, not so great if you have your savings in it

These ups and downs are quite common in the crypto market. If you believe in these investments then just hold tight and you will get a chance a to sell at a higher price soon or later.

blue_knight said:

Wonderful to watch, not so great if you have your savings in it

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I feel that haha