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Re: Woah BTC
 

This pullback was very healthy for bitcoin, it now sets the base figure at around $14k/$15k.

The only way is up I'd say. Might be another dip, but I don't see it lasting too long.

Re: Woah BTC
 

I wouldn't be so quick to say that. In bitcoins entire history it has NEVER corrected (Pulled Back) more that 30% within any given year this pull back bottomed out yesterday (12/22) at nearly 50% from its high of nearly 20,000.

This was an Epic pull back. Now combine that with the start of trading of Bitcoin Cash and the founder of Litecoin selling all of his litecoin could potentially add up to a fundamental shift in the cryptocurrency markets AWAY from bit coin and potentially towards other cryptocurrencies.

Bitcoin can very easily be looking for a new bottom or base figure as you put it. My sentiments at this time are Caution and to keep an eye on large block trades of bitcoin to see if a "sense" of where the "big" or "smart" money is going at this point.

Re: Woah BTC
 

Yes it might have been an epic pullback but it followed on the heels of a far more epic climb from $6k in mid November to $20k in Mid December.
In other words - Im not worried about it. Then again Im a long term type of investor looking at 2-3 years from now.

Re: Woah BTC
 

Dont loose faith in Bitcoin now, its the same Bitcoin as it was last month when it went to 20k. Look at the people working on Bitcoin compared to the people working on Bitcoin Cash... For one everything surrounding Bitcoin Cash was creep. They left the miner boost bug in the code, The main people behind and probably funding the project are huge mining groups in China. The larger blocks are only a temp fix. Bitcoin Cash obviously has a shady deal going with Coinbase. Coinbase refused to add segwit2x which is when Bitcoin Cash tried to do the flippening the 1st time. Then Coinbase held all the Bcash so it couldnt flood the market, then when they finely did release it look what they did. You would have to be blind not to see all the shady sh1t going on...

Bitcoin has no big news right now... They are working on stuff, lightning network and cross chain atomic swaps. Layering the network. Bitcoin is too big for the Dev's to be playing around with updates they dont know for-sure will work or not.

Bitcoin isn't going anywhere. Roger Ver bcash spokesman has most of his money in bitcoin. now with high transaction fees it wasnt working out for him to spend it so he had to come up with something else and a new plan.

If your only looking to make quick trades then do your thing. But I'm keep the majority of my portfolio in BTC.

Re: Woah BTC
 

Have to ask how much of this pull back was orchestrated by the unholy Trinity with their tweets of what they were selling and buying?

Following slokor’s hopes. Long term and buying when I can.

:thumb:

Re: Woah BTC
 

Where are you getting your facts from?

It has dropped more than 30% on countless occasions.

One example - 2013, where it went from $233 to $67 overnight! That’s a 71% drop.

As of recent, mid-2017, we saw a 39% correction.

None the less, the point is, when it rises, it breaks records, again, and again, and again. #HODL

Re: Woah BTC
 

Buying back @ 5k, this ship is going down hard...

Re: Woah BTC
 

Wow you just dont give up with your garbage...
How many times you going to post the same absurd line?

Re: Woah BTC
 

Makes up for an empty Christmas stocking.

Gets nothing.

Says nothing.

:FF:

Re: Woah BTC
 

Found a localbitcoin just 10 miles away.

Fortunate finding, for sure.

:thumb:

Re: Woah BTC
 

You are going to want to listen to this debate between Roger Ver and Jameson. BCash vs. Bitcoin on a technical level. It was just posted mins ago.

https://youtu.be/tw_2Ek0RsyM

Re: Woah BTC
 

South Korea and India are now denouncing the use of Bitcoin by their respective citizens, that and the federal reserve saying that they are looking into their own crypto currency is Not good. Looks like Bitcoin is in a little bit of trouble

Re: Woah BTC
 

China sort of said the same a few months back. The Bitcoin "sale" was short lived. I can only assume the same would happen here.

Re: Woah BTC
 

Anything the Feds will come up with will still be a part of the institution.
Bitcoin was established to bypass that institution and I find it very difficult to believe it will be replaced by such a currency - itll be replacing one disease for another.
And for a currency that started the year at $1000 and is currently sitting pretty at $13000 I dont see any trouble. If anyone would have said that the year would have ended at $13k back in January you would have 'slapped' them silly.

Re: Woah BTC
 

Forum related pun of the year. Congratulations

:clap::clap::clap::clap::clap:

Re: Woah BTC
 

Australian Banks Reportedly Freeze Accounts Of Bitcoin Users

https://www.zerohedge.com/news/2017-...-bitcoin-users

Re: Woah BTC
 

Would love to hear what Greenbean has to say about this situation.

Re: Woah BTC
 

LOTS of pressure on Bitcoin, $7300 and DROPPING, it will be interesting to see where the "Bottom" is,,,

Re: Woah BTC
 

I think this is finally the "crash"... So happy we can get passed it and move on....

Re: Woah BTC
 

I warned Aspkin this crash was coming.....didn't believe me.

Re: Woah BTC
 

If you're in it long term, these crashes are essential and better to have to increase your holdings.

I'm not worried about it

Re: Woah BTC
 

Only buy when it's on 95% discount, fundamentally BTC is strong.
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Re: Woah BTC
 

Right.
The way YOU are.
Dude knock it off with the useless posts.

Re: Woah BTC
 

Can someone Please explain EmpireState to me,,,,Im confused

Re: Woah BTC
 

This is what happens when a market is mostly in weak hands (novice retail investors)... who are more likely to panic sell.

Re: Woah BTC
 

Im Sorry but you could not be more misinformed,,,this is the result of the EMORMOUS pressure being put on crypto currencies from ALL sides,,,,topped of with todays announcement that China will NOT allow Crypto Currency exchanges,,,

The Asian Market is by far the largest market for Crypto Currencies, so this has nothing to do with Weak or Retail investors

Re: Woah BTC
 

He is leader of a cyberland in his mind.

Not sure if you have heard of the disorder Lookatmeitis? I feel he suffers from it in an increasing degree.

Posts here are indicative. Overflow elsewhere too....

https://www.aspkin.com/forums/introd...everybody.html


:faint:

Re: Woah BTC
 

I have a feeling that someone is losing big in this bitcoin game at the moment...............

https://thumbs.gfycat.com/PleasedEdu...restricted.gif


and no its not me........i did not invest a lot of money in bitcoin....just enough for my own personal uses.....:spy:

Re: Woah BTC
 

Actually not losing a dime.
Never spent a penny - it was all in payments I received - which started when bitcoin was at $150.
Unless bitcoin goes down to roughly $600 I am well well well in the green.
But nice of you to make those a$$umptions and make an a$$ of yourself.
What people tend to forget is that on November 12th Bitcoin was worth $5800. That's less than 3 months ago. This was to be expected - and I for once am not surprised.

Re: Woah BTC
 

It would have been nicer if you exited @ 19k then came back in now...woudn't it? :)
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Re: Woah BTC
 

Well I sold a bunch at 16k. Does that count?
The money I currently have in bitcoin is all profit at this point. Has been for over a year actually.
Thank you for caring - Im touched.

Re: Woah BTC
 

The bright side to this bitcoin crash is this........

the bitcoin fees are now about 6 dollar per transaction for bitcoin now.....lol

Re: Woah BTC
 

Still high, it needs to go down to 0.0001 if it wants to go mainstream...
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Re: Woah BTC
 

Said the expert...
You can choose what fees youre paying. Use this site to figure it out:
https://bitcoinfees.earn.com/
The real upside to all this is the fact that most of the speculative money that poured in is now gone.

Re: Woah BTC
 

should've traded all that btc to ripple slokor...........:nono:

technically ripple and litecoin did better than bitcoin last year lol.

Re: Woah BTC
 

Thanks for the tip.
Excellent that you can foresee the past. That's a talent most of us share though.
How about sharing some predictions of the future?
You and Empirestate will get along realy well - plenty of useless dumba$$ comments from the two of you to keep everyone here shaking their heads for months to come Im sure.

Re: Woah BTC
 

You are a true "fountain of wisdom",,,I think it would have been nicer if you never found this forum,,,

Re: Woah BTC
 

The world wide Stock Market Selloff although not technically connected to the crypto currency markets is not doing crypto currencies any favors either

Re: Woah BTC
 

Re: Woah BTC
 

That stock market dip yesterday was punishing indeed... :focus: