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1
Posted on 2/5/18 at 4:49 pm to Deactived
Do all of the various crypto-currencies generally move the same way?
Posted on 2/5/18 at 4:52 pm to Rebel
i would say yes on average. with this crash, everything is down big time.
it was much needed and very much expected.
sucks for the people that got in during the holidays. theyve been absolutely destroyed.
it was much needed and very much expected.
sucks for the people that got in during the holidays. theyve been absolutely destroyed.
Posted on 2/5/18 at 5:06 pm to Deactived
quote:
it was much needed and very much expected
Was it? Where is the floor?
Posted on 2/5/18 at 5:07 pm to Deactived
Yea. I think everyone knew we were on a big bubble.
Posted on 2/5/18 at 5:14 pm to slackster
quote:
Was it? Where is the floor?
We've reached the floor when my mom stops asking what I think about it.
Posted on 2/5/18 at 5:15 pm to slackster
go look at the marketcap charts
Nov 12=200 billion
Dec 25=500 billion
This is where people went to holiday gatherings and heard other people talking about BTC. They signed up and started putting money in.
Jan 1=600 billion
Jan 7=830 billion
In less than 2 months, the market increased over 4x. The increase in the week after New Years is completely ridiculous. The daily RSI was through the roof. shite was so inflated that this was inevitable. People buying in over the holidays got wrecked and are selling like crazy. Sucks for them but they were dumb money anyway
Nov 12=200 billion
Dec 25=500 billion
This is where people went to holiday gatherings and heard other people talking about BTC. They signed up and started putting money in.
Jan 1=600 billion
Jan 7=830 billion
In less than 2 months, the market increased over 4x. The increase in the week after New Years is completely ridiculous. The daily RSI was through the roof. shite was so inflated that this was inevitable. People buying in over the holidays got wrecked and are selling like crazy. Sucks for them but they were dumb money anyway
Posted on 2/5/18 at 5:17 pm to Deactived
quote:
Go look at the top BTC accounts in the world. The biggest is over 1 trillion USD. Thats a government agency owning that
Isnt the entire crypto currency market cap just a fraction of that?
CMC has market cap of bitcoin at $116,782,128,532 so if they were holding 1 trillion USD they're down big frickin time!
At least that would mean there is going to be one hell of a bounce back
Posted on 2/5/18 at 5:18 pm to txbd
quote:
Great time to buy
Well some people say the intrinsic value of bitcoin is zero dollars.
But hey, what do they know? They only predicted this massive drop weeks ago.
Posted on 2/5/18 at 5:21 pm to slackster
And it's unsecured.
Posted on 2/5/18 at 5:22 pm to Deactived
But it's not like the holidays were a tipping point considering the run up all year.
Also, it's hard to knock dumb money. Dumb money is what got you here.
Also, it's hard to knock dumb money. Dumb money is what got you here.
Posted on 2/5/18 at 5:22 pm to kywildcatfanone
Hey jealousy
Posted on 2/5/18 at 5:27 pm to slackster
im not saying it was a tipping point. 200 to 830 billion is out of control regardless of what time of the year it is. i mentioned the holidays because thats when plenty of people gather and talk about shite that they might not talk about ever. it was also plastered all over the news and internet.
the last 3 months of 2017 were looney tunes numbers
the last 3 months of 2017 were looney tunes numbers
Posted on 2/5/18 at 5:34 pm to Deactived
Yeah, they were, but it was a crazy year altogether for crypto. Calling a bubble isn't difficult, but calling the floor is.
Posted on 2/5/18 at 5:36 pm to slackster
quote:
Bitcoin down more than 60% in the last month
That extra $1.50/paycheck I'm getting will keep my Costco membership in good standing.
Posted on 2/5/18 at 5:42 pm to KamaCausey_LSU
Almost pulled what I had in last month. Very foolish move not to take it out at the end of 2017. The rest would have been gravy .......
Posted on 2/5/18 at 5:50 pm to slackster
Like a casino, no one will admit to losing money. They will have some strange math where they broke even or something.
Posted on 2/5/18 at 5:53 pm to fightin tigers
oh plenty of people have lost money. people were buying coins left and right at all time highs. no one in the money board thread will admit it though
the telegram group is full of people admitting they are down. whether they sell for a loss is another story, but plenty put themselves in very bad situations
the telegram group is full of people admitting they are down. whether they sell for a loss is another story, but plenty put themselves in very bad situations
Posted on 2/5/18 at 5:53 pm to PrivatePublic
quote:
They only predicted this massive drop weeks ago.
Those same people have been predicting drops almost daily for years. Not surprising they were sorta right 1 time out 1000.
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