Bitcoin....who's gotten into it?

[digitaldeath]

Here comes the hack.

Better airgap your coins

Coinbase down.

[wakefield]

Hey-o! How low can it go?

[4matic]

Using the Coinbase price 38% was $13.3k. 50% is $10k and 68% would be around $7k.

When you have moves of this magnitude fib numbers are sometimes all you have.

[4matic]

I get an active consolidated quote from ICE and they show low at $12.7. Fib support was only breached by a couple % so I’d consider that a wash for now.

[Bromontana]

Goldman to open a crypto desk to exploit, I mean accommodate, client interest.

[whitekingsalmon]

Wowewwwwwwww.... glad I got out late last night of ltc and btc....... wowwwwee

[4matic]

Long holiday weekend followed by another long holiday weekend. New Year’s Day is the only true international holiday when everything is closed. It will be interesting to see how this plays out with exchange derivatives closed.

[Kinnikinnick]

Just a speed bump on the way to $1,000,000,000,000,000,000,000 per BTC

The whole world will be denominated in BTC


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[Dexter Rutecki]

Man, I hope you guys get out in time--like, now. Gonna suck to be left holding the bag--the bag of bitcoins that will be worth less than 1% of their high.

[Kinnikinnick]

Man, I hope you guys get out in time--like, now. Gonna suck to be left holding the bag--the bag of bitcoins that will be worth less than 1% of their high.

No way!!

Software Developers. No central bank. Anonymous. Block chain.


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[wakefield]

Man, I hope you guys get out in time--like, now. Gonna suck to be left holding the bag--the bag of bitcoins that will be worth less than 1% of their high.

This type of swing isn't exactly uncommon with cryptocurrencies.

[digitaldeath]

What about the old fucks with 50%. Of their clients money in btc?

https://www.cnbc.com/amp/2017/12/18/...n-bitcoin.html

[digitaldeath]

I present to you, the GBTC hourly chart

Seems like it needs to hold 1600-1800 region or 800-1000 is next

I've been reluctant to buy this due to the premium (was 80% earlier this week) but, with a selloff like this, it could be worth a small stab

Attachment 219453

Don't you think it's all one big pump and dump ?

[digitaldeath]

The only thing I'm sure of is that I'm confused. Momentum is down so r/r favors downside. Today showed the hedges aren't any good in a sustained selloff (so did other corrections, to be fair). I'm not convinced this is *the* top though. A healthy selloff to shake weak hands is good. I'm concerned that the tech argument underneath core is eroding due to poor transactions and high costs, but that can change with time.

None of that stuff works with bitcoin.

What is known is bitcoin is rigged and the mining is consolidated

[Bobby Stainless]

Early bird specials for buyers this morning.

[reckless toboggan]

Is this the turn?

https://www.theglobeandmail.com/glob...ticle37401401/



http://business.financialpost.com/pm...gs-grow-louder

Hmmm.

I guess it was.

[Dexter Rutecki]

This type of swing isn't exactly uncommon with cryptocurrencies.

I'm not sure it's worthwhile to talk about what's typical for an asset class that literally never existed previously. I think what it typical for this type of thing is a huge run-up (which we've had) and then a sell-off to near zero.

The only thing I'm sure of is that I'm confused. Momentum is down so r/r favors downside. Today showed the hedges aren't any good in a sustained selloff (so did other corrections, to be fair). I'm not convinced this is *the* top though. A healthy selloff to shake weak hands is good. I'm concerned that the tech argument underneath core is eroding due to poor transactions and high costs, but that can change with time.

A key part of trading is to shun emotion, especially when it's most pronounced. It will betray you at every opportunity. BTC is a buy the dip instrument until it isn't, so setting a 10% stop once momentum heals and taking a shot at another 100% runup is the objectively right thing to do.

What is going to happen to the small, individual traders on this is what always happens. You're overthinking this. The tulips analogy is probably quite apt, and there is simply no reason to expect anything different than what always happens with this type of investment play. The reality is that the pros whose only job is to study this don't have any real idea of when the wheels are going to completely fall off, but if you can get out before then I think you should count yourself lucky.

[Bobby Stainless]

Except you can grow more tulips.

[ICantLogIn]

Lambo for sale. Hookers and blow on hold.

[Bobby Stainless]

[Whiteroom_Guardian]

For all the people who got in in the last month and are now freaking out:

https://i.imgur.com/GfJNU68.gifv

[SkiCougar]

For all the people who got in in the last month and are now freaking out:

https://i.imgur.com/GfJNU68.gifv

checking in from the lucky bastard dept.

I did buy this year but given its ride up, I was up big and took all my initial out, so whatever happens now is the house's money. I'm only keeping the rest in just in case bitcoin becomes a universal currency as there will be a digital currency worldwide at some point.

this year, all my gifts will be bought with bitcoin sales profits.

[Whiteroom_Guardian]

It's been tempting for me to cash out in the last month. At 19k I would have been up 1800%. I pretty nice chunk I could use right now. Paying a mortgage + rent + voluntarily leaving a cush to move back out west and take a 60% paycut = yeah. The crypto has been staring me down hard, BUT I always got into this with the mindset of "let it ride for 3 or 4 years".

We have seen many many crazy dips in the past. This one is "different" because peoples grandmas now know what bitcoin is and the current system (see my post before about the whales wanting us normal folk in debt forever) wants to scare us and put all our money in banks and fiat.

I potentially lose roughly $5k or gain a few hundred. It's a risk I am willing to take for now.

[Bobby Stainless]

If there was ever a time to buy...

[4matic]

CME futures could close lock limit down with three days till next Open.