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CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

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  #1  
Old 06-12-2017
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Default $3k is the resistance for BTC

Every1 sold @ 3k and the price of BTC just dropped like a bomb
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Old 06-12-2017
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Default Re: $3k is the resistance for BTC

Buy buy buy
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Old 06-12-2017
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Default Re: $3k is the resistance for BTC

Agreed, might be a good buying opportunity..

A lot is happening with crypto currencies.. I'm going to be watching for couple days before taking action.
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Old 06-13-2017
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Default Re: $3k is the resistance for BTC

it's only june...first big pullback after bubble burst fear mongering spreading around. will settle and just start firing again at some point. be ready...
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Old 06-13-2017
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Default Re: $3k is the resistance for BTC

most people analyze BTC as a stock. How many stocks you know drop 30% overnight without major news? How many rise 200% in months without any major news? BTC is not a stock and it 10000% does not behave like one. It does not know the bands or resistence or support lines or triangles like the market. Most people forget what it really is primarily used for and that off the grid payments ie(illegal porn, gambling, ⊗⊗⊗⊗ IDs, drugs, ransomware, scams) this is a bad thing but not for BTC itself. They need a transmitting tool and btc has answered the call.
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Old 06-13-2017
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Default Re: $3k is the resistance for BTC

shady transactions need a payment system and as long as they need something to move funds off the grid and with a limited supply. I cannot imagine where the price stops.
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Old 06-13-2017
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Default Re: $3k is the resistance for BTC

I mean when you think about it, How many people are like me and just hoarding BTC. I mean how much "for transacting" btc is out there really? I dont think there is much at all which I think is what is really driving the values up! The only scary thing to me is the ETH or XPO or whatever XXX that pops up everyday. THe problem with these alt currencies is that most of the countries these shady operators are from dont have a big crypto or regular banking system so they are behind the times on turning ETH into rent money.
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Old 06-13-2017
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Default Re: $3k is the resistance for BTC

How much cash can you really transport across the boarder or how may millions can you stash in a house and how safe would it be? With a globle estimate of around 400 billion a year spent on drugs. Just say 10% of that makes it into the hands of the big players, thats 40 billion and if they have 10% (4 billion) of that invested in crypto. That's only drugs on a per year basis. What about tax evasion? Off shore accounts are a thing of the past. They need this....
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Old 06-13-2017
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Default Re: $3k is the resistance for BTC

Quote:
Originally Posted by danshan View Post
I mean when you think about it, How many people are like me and just hoarding BTC. I mean how much "for transacting" btc is out there really? I dont think there is much at all which I think is what is really driving the values up! The only scary thing to me is the ETH or XPO or whatever XXX that pops up everyday. THe problem with these alt currencies is that most of the countries these shady operators are from dont have a big crypto or regular banking system so they are behind the times on turning ETH into rent money.
The fees for flipping BTC seem high-ish
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Old 06-14-2017
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Default Re: $3k is the resistance for BTC

Quote:
Originally Posted by rsot View Post
The fees for flipping BTC seem high-ish
The fees for ether are going higher also.
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