1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Bitcoin is crashing hard [surprise....]

Discussion in 'CryptoCurrency' started by bartosimpsonio, Jan 5, 2017.

  1. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

    Joined:
    Mar 21, 2013
    Messages:
    12,036
    Likes Received:
    10,822
    Occupation:
    WHEREZ MA
    Location:
    BITCOINS AT?
    Home Page:
    • Thanks Thanks x 7
  2. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

    Joined:
    Mar 19, 2010
    Messages:
    3,812
    Likes Received:
    973
    Gender:
    Male
    Home Page:
    Yeah I saw it.. damn lost €100 :D I believe it will get back up again soon..
     
    • Thanks Thanks x 2
  3. Rynox

    Rynox Junior Member

    Joined:
    Dec 9, 2016
    Messages:
    101
    Likes Received:
    24
    Gender:
    Male
    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.
     
    • Thanks Thanks x 1
  4. datsunguy

    datsunguy Supreme Member

    Joined:
    Sep 30, 2016
    Messages:
    1,458
    Likes Received:
    1,068
    Occupation:
    professional duck
    Location:
    a pond near you
    Home Page:
    damn so i guess its been a good week for you.
     
    • Thanks Thanks x 3
  5. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

    Joined:
    May 10, 2009
    Messages:
    2,004
    Likes Received:
    1,902
    Location:
    Boston, MA
    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?
     
    • Thanks Thanks x 7
  6. Rynox

    Rynox Junior Member

    Joined:
    Dec 9, 2016
    Messages:
    101
    Likes Received:
    24
    Gender:
    Male
    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.
     
    • Thanks Thanks x 1
  7. NicholasVegas

    NicholasVegas Regular Member

    Joined:
    Jul 5, 2016
    Messages:
    243
    Likes Received:
    112
    Gender:
    Male
    Occupation:
    Freelancer
    Location:
    45N 21E
    Home Page:
    [​IMG]
     
    • Thanks Thanks x 18
  8. Ding Dong

    Ding Dong Jr. VIP Jr. VIP

    Joined:
    Feb 8, 2015
    Messages:
    1,266
    Likes Received:
    392
    Gender:
    Male
    Occupation:
    ?!?!?!?!?!?!
    Location:
    My Home
    Home Page:
    Yes, Exactly This is what happening around the world.
    If they don't understand how fluctuating marketing prices affect their business.
     
    • Thanks Thanks x 4
  9. asap1

    asap1 BANNED BANNED Jr. VIP

    Joined:
    Mar 25, 2013
    Messages:
    4,961
    Likes Received:
    3,179
    It was me cashing in, sorry. :cool:
     
    • Thanks Thanks x 5
  10. DeathGateNexus

    DeathGateNexus Newbie

    Joined:
    Jan 4, 2017
    Messages:
    6
    Likes Received:
    1
    Gender:
    Male
    Occupation:
    Registered Nurse / Kinda a big deal @ Hogwarts
    Location:
    Chico, CA
    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
     
  11. ThopHayt

    ThopHayt Jr. VIP Jr. VIP Premium Member

    Joined:
    Jul 25, 2011
    Messages:
    6,355
    Likes Received:
    2,300
    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
     
    • Thanks Thanks x 1
  12. DeathGateNexus

    DeathGateNexus Newbie

    Joined:
    Jan 4, 2017
    Messages:
    6
    Likes Received:
    1
    Gender:
    Male
    Occupation:
    Registered Nurse / Kinda a big deal @ Hogwarts
    Location:
    Chico, CA
    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
     
    • Thanks Thanks x 1
  13. NicholasVegas

    NicholasVegas Regular Member

    Joined:
    Jul 5, 2016
    Messages:
    243
    Likes Received:
    112
    Gender:
    Male
    Occupation:
    Freelancer
    Location:
    45N 21E
    Home Page:
    It will drop below 300$ I tell you.
     
  14. Neon

    Neon Jr. VIP Jr. VIP

    Joined:
    Nov 3, 2013
    Messages:
    2,704
    Likes Received:
    6,351
    Gender:
    Male
    Occupation:
    Traveling the world
    Location:
    Berlin
    I'm still keeping them safe.
     
    • Thanks Thanks x 1
  15. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

    Joined:
    Mar 21, 2013
    Messages:
    12,036
    Likes Received:
    10,822
    Occupation:
    WHEREZ MA
    Location:
    BITCOINS AT?
    Home Page:
    What site are you trading on lately?
     
    • Thanks Thanks x 1
  16. Billy_Batts

    Billy_Batts Elite Member

    Joined:
    Dec 16, 2016
    Messages:
    1,927
    Likes Received:
    1,498
    Gender:
    Male
    Occupation:
    ♫♪.ılılıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llılılı.♪♫
    Location:
    ı ̡̡͡|̲̲̲͡͡͡ ̲▫̲͡ ̲̲̲͡͡π̲̲͡͡ ̲̲͡▫̲̲͡͡ ̲|̡̡̡ *
    Home Page:
    I happen to be living in one of the most wealthiest countries in Europe and i can't wait for the euro and that crooked EU mafia to fall!! The sooner, the better!!
     
    • Thanks Thanks x 4
  17. DeathGateNexus

    DeathGateNexus Newbie

    Joined:
    Jan 4, 2017
    Messages:
    6
    Likes Received:
    1
    Gender:
    Male
    Occupation:
    Registered Nurse / Kinda a big deal @ Hogwarts
    Location:
    Chico, CA
    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
     
  18. Anonymously

    Anonymously Jr. VIP Jr. VIP

    Joined:
    Apr 23, 2016
    Messages:
    410
    Likes Received:
    119
    Home Page:
    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+.
     
  19. Rynox

    Rynox Junior Member

    Joined:
    Dec 9, 2016
    Messages:
    101
    Likes Received:
    24
    Gender:
    Male
    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.
     
  20. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

    Joined:
    Mar 21, 2013
    Messages:
    12,036
    Likes Received:
    10,822
    Occupation:
    WHEREZ MA
    Location:
    BITCOINS AT?
    Home Page:
    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.
     
    • Thanks Thanks x 2