Bitcoin will probably go down now

pvaspecialist said:
Everything have different reaction. Bitcoin also same I seen both Bitcoin action and reaction. Bitcoin value only depends on people demand it has no face value so if peoples value down Bitcoin value like Zero as warren buffet said.
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The issue is demand and supply. Face value is irrelevant. If 78% of all bitcoin are illiquid, and more and more pmbig buyers want some bitcoin and there are only 4million of them to go round, what do you expect?

PayPal is in them market to buy some, several others too. I will be surprised if it does not hit $100k in a month or two.
 
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Everything is going up.. even stocks generally worldwide. I begin to get the feeling it's the frenzy before a major catastrophe worse than 2008 occurs. For now, go with the flow and make some money.
 
You could have bought using my wallet address.. because whenever I buy something its price goes up only :D
 
Brickbat1 said:
Everything is going up.. even stocks generally worldwide. I begin to get the feeling it's the frenzy before a major catastrophe worse than 2008 occurs. For now, go with the flow and make some money.
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Exactly stock market will crash soon but you will loss money only if you sell at that time.. must of the retail investors do this mistake
 
When do you guys think the big drop is coming? I thought it was yesterday.... But it still seems to be flying
 
Mxty said:
When do you guys think the big drop is coming? I thought it was yesterday.... But it still seems to be flying
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47,000 was a major point which is tied to the last bull run in 2017. I'm guessing it's coming down now pretty considerably. Maybe will go back up and touch 46,000/47,000 then dump, or just keep selling down now for a while.

Something like this (the last candle hasn't happened yet):

 
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I have also been getting my feet wet lol. I don't invest large sum due to the risks. However, I have been able to double my money on one platform; and increase about 30% in the other platform (if only could I not chicken out, and invest a larger sum lol).

I follow this basic funda..
1) Keep an eye on the coinmarketcaps website, and find the coins that have less than 2% increment (but more than 0%) in last 24hrs and less than 10% increment (but more than 2%) in the last 7 days.
2) Check the coins individually, and shortlist the ones that have decent market cap and volume.
3) Buy the coins.
4) Let it increase till 24hr volume is not more than 8% and sell them.

I have seen this working most of the time. How scientific is it? I guess it's not scientific atall, but it seems to work for me. :p

Hope this helps another fellow BHW member trying to get his/her feet wet.

Remember though, this is coming from a crypto noob. Take my advice with a grain of salt. Don't invest money that you cannot afford to lose.
 
Mxty said:
When do you guys think the big drop is coming? I thought it was yesterday.... But it still seems to be flying
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Now there is Tesla news. It will move up for some weeks.
 
I bought etherium once. It plummeted. Then a year later, I had a chance to get half my money back and I took it.

Then etherium shot up to 500% of what I invested less than 3 weeks later.

FML. I feel your pain.
 
About two weeks ago was nearly $30k/each, today "cheap" as $47k+...... Where is the problem guys?!
 
davids355 said:
Sorry guys I just bought some Bitcoin and any time I bet on anything, the opposite happens so I may just have caused a Bitcoin plummet. If so, sorry in advance lol.
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I feel the same damn way when I invest into certain cryptos
 
Brickbat1 said:
The issue is demand and supply. Face value is irrelevant. If 78% of all bitcoin are illiquid, and more and more pmbig buyers want some bitcoin and there are only 4million of them to go round, what do you expect?

PayPal is in them market to buy some, several others too. I will be surprised if it does not hit $100k in a month or two.
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PayPal added because they know how to get more money.
Do you know how much PayPal charges for bitcoin buy or sell?

They charge 20% also use third party to this exchange.
So think about it if a company added bitcoin they will added only for profit they did not hold any single penny of bitcoin.
if bitcoin value even zero they will not lose anything.
 
pvaspecialist said:
PayPal added because they know how to get more money.
Do you know how much PayPal charges for bitcoin buy or sell?

They charge 20% also use third party to this exchange.
So think about it if a company added bitcoin they will added only for profit they did not hold any single penny of bitcoin.
if bitcoin value even zero they will not lose anything.
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Hmm i did not know that.. and newbies will tiptoe into crypto by buying at that crazy price. Smart of Paypal, never really holding any crypto but profiting immensely from it.
 
Brickbat1 said:
Hmm i did not know that.. and newbies will tiptoe into crypto by buying at that crazy price. Smart of Paypal, never really holding any crypto but profiting immensely from it.
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Always the smartest way, making money off the craze but avoiding all of the risks.
 
FriendlyPufferfish said:
its a trap guys. he wants us to sell to rebuy the dip, but if we do it will go to 50k because bitcoin just fucks us all.
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REALLY......YOU DONT ACTUALLY BELIEVE THAT ONE DUDE WILL START A BIG SHORT???? LOOK AT THE CHARTS..ALWAYS DROP AFTER A BIG RUN.....SO SELL AND WAIT..TILL DROPS BUY ..MAKE MORE PROFIT...TRADING DIPS..MY FRIEND....LOL..technical analysis ....might be a good start...especially since BTC has no fundamentals......aha..
 
So many idiots on BHW claiming they know how the crypto market works.
 
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