Bitcoin is crashing hard [surprise....]

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Good for me, I liquidized almost 80% of my stock when the BTC was around $1150, which I purchased for around $500/BTC a few months ago.
 
It's still at 1k as of typing this. I think 1.1k - 1.2k was high but keep in mind it came up from 600 in early Nov

My gut feeling is that it will hold relatively steady in the high hundreds or even very slightly above 1k and then continue to climb in the next one to two years as political turmoil in Europe unfolds, the Euro gets whacky and Trump's policies make currency values go wild in general

We shall see

On a side note it's pretty funny that it hit 1.2kish then started to drop, isn't that what happened last time? Think some sucker bought in at 1.2k both times?
 
datsunguy said:
damn so i guess its been a good week for you.
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Yeah, it's been a really good week for me, and a great beginning of 2017. I had a feeling that the BTC price might reach 4 digit after new year's eve. Some people were buying a lot in the hope that the value might rise even more, sucks to be them I guess.
 
Rynox said:
Some people were buying a lot in the hope that the value might rise even more, sucks to be them I guess.
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Carl-Richards-Sketch-Greed-Buy-Fear-Sell-Repeat-Until-Broke.jpg
 
Thank you for the info! I just found out about this.. Bit Coin tomfoolery and whaaat. Lol but Yea when I do more research on it I'll be keeping in mind this awesome post to watch it as similar to a stock. Forgive my naivety. Hehe
 
bartosimpsonio said:
http://coinmarketcap.com/currencies/bitcoin/

I talked about this with a couple of friends this week. The recent skyrocketing of Bitcoin prices seemed strange. Someone is dumping BTC hard now.
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Botcoin is simple historically. Buying at $400, selling at $800. Anything above $800 is risky. And speaking of digital currency... whatever happened to all those copycat currencies? Remember Dogecoin?

-ThopHayt
 
Jared255 said:
It's still at 1k as of typing this. I think 1.1k - 1.2k was high but keep in mind it came up from 600 in early Nov

My gut feeling is that it will hold relatively steady in the high hundreds or even very slightly above 1k and then continue to climb in the next one to two years as political turmoil in Europe unfolds, the Euro gets whacky and Trump's policies make currency values go wild in general

We shall see

On a side note it's pretty funny that it hit 1.2kish then started to drop, isn't that what happened last time? Think some sucker bought in at 1.2k both times?
Click to expand...

I agree (since my first day of knowing what a bit coin is being an expert now..LMAO. jk-Heh), it would seem the bit coin business isn't something that would be derailed with any sense of permanency .. too many ppl utilize it it seems, and even more so have yet to discover it or capitalize on it. Like everything an ebbing and flowing. Although it's a good thing, why this currency is necessary.. no idea.. lol I guess I'll be finding out. But seems like a definite growth potential goldmine.

P.S. I'm simply posting because I love to post not because I know a dammed thing. And networking. Lol

Peace,

Ben
 
Rynox said:
Good for me, I liquidized almost 80% of my stock when the BTC was around $1150, which I purchased for around $500/BTC a few months ago.
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So. That's a good answer to my question. Why the bit coin. Lol anyway I'm in similar accordance with another poster concerning the trading site you used. If that info is available. Still learning .

Later,

Ben
 
Cashed out at $1137 yesterday. When it increases suddenly, it is going to drop suddenly. Luckily for you guys it appears to be stable at $900+.
 
Actually I know someone for a long time, through a forum (I don't exactly recall the name of that forum at the moment) and I usually sell him bitcoin as he has a huge capital and like to play the market. After our transaction, he said that he is confident that BTC will reach $1500, before going downhill. Unfortunately, this time, his predictions weren't correct. Regardless, it was a blast for me since he practically purchased without any negotiation.
 
Well the latest news from the underworlds is that vendors who sell via BTC are cancelling a shit ton of orders.

No justification is given for the cancellations.

The overnight losses in BTC value are more than several businesses' profit margin. At these rates they are unable to fulfill the orders in U$ dollar as sold by yesterday's Bitcoin value.
 
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