Woah BTC

[slokor]

Its interesting that all the top cryptos seem to be falling. Usually a drop in one means the others go up due to the flow from one to the other.
Im looking at coinmarketcap and Im seeing that pretty much ALL the cryptos are in the red at the moment.

[duffrageous]

Originally Posted by slokor

Its interesting that all the top cryptos seem to be falling. Usually a drop in one means the others go up due to the flow from one to the other.
Im looking at coinmarketcap and Im seeing that pretty much ALL the cryptos are in the red at the moment.

I don't think coinmarketcap tracks USDT transactions or every country's exchange has their local tethered currency coin that coinmarketcap doesn't track(not likely). Because if the numbers are right, it means people are actually withdrawing their money from the exchanges when the bitcoin price goes down. But they're not doing that because money returns to the market cap, and most of that is from existing users. I just don't understand where the money goes when it leaves the market cap and then comes back in if new users aren't accounting for the recovery and increase in market cap.

[rsot]

13.8k at this very moment - what a drop.

[vogeltron]

Still in accumulation mode. Less than 1/2 of 1% of the world owns anything. The user growth and account creation is skyrocketing the exchanges can't keep up with it. Increasing user demand chasing after limited supplies = major growth.

I think some of the Precious Metals bugs who might own some BTC are freaked out by the futures contracts. This will pass. If you want to go leveraged on Bitcoin you better be doing coke.

[funnymacaco]

I wish I knew that.
Don't know if buy now or wait to see the futures impact.
Above 14k once again.

[slapped]

Originally Posted by slokor

On the 10th the Cboe Options Exchange will begin Bitcoin based futures trading.
A week later on the 18th is when CME will join that game.
This in essence is the first step - and a major one - for mainstream acceptance by financial institutions. It will allow pretty much all investors to have access to Bitcoin.
Theres a LOT of money waiting to come into the market in the next 3 weeks so watch out for a lot more action before the end of the year.

The other just as important fact is that financial institutions can also begin to SHORT bit coin as well, which could also destroy bit coins price. Keep in mind the VAST majority of financial analysts have either a negative or avoid view of bitcoin.

Alternative coins might be a smart play here

[funnymacaco]

Almost 15k.
Just when I was waiting for it to reach 13k to buy in.
You go lunch, when you finnish the world is already different.

[funnymacaco]

16000
Wtf is happening

[newjerseymax]

happy to see that adding to my position on the dip worked out well. I guess my experience on market helped a bit.

I’m watching football in my fantasy playoffs, watching crypto currency and waiting on my legal cannabis delivery on Sunday. It’s a pretty good day. Lol

[slokor]

Bitcoin on the rise again. $16.4k and climbing.
Guessing that the launch of the CBOE futures trading - and the subsequent immediate crash of the website within minutes of it being launched due to heavy traffic might have something to do with that:
https://cointelegraph.com/news/cboe-...iately-crashes

[rsot]

Goes up - comes down a bit - then goes up even more - dips...patterns forming

[GreenBean]

Originally Posted by slokor

Bitcoin on the rise again. $16.4k and climbing.
Guessing that the launch of the CBOE futures trading - and the subsequent immediate crash of the website within minutes of it being launched due to heavy traffic might have something to do with that:
https://cointelegraph.com/news/cboe-...iately-crashes

Watching this with interest,for sure.

And holding! Tight, for dear life.

[slapped]

Bitcoin is doing well this morning after the CBOE started trading. I officially jumped into this madness by purchasing Litecoin last week, so far its looking like a good play, it is performing better than bitcoin so far today. Lets see what happens

[newjerseymax]

Watching and learning crypto is much more interesting when money involved.

It seems by brain is keeping much more information this way.... LOL!

[slapped]

Litecoin has BLOWN up,,,,

[newjerseymax]

Originally Posted by slapped

Litecoin has BLOWN up,,,,

Yes I noticed that this morning! Hope to the moon it is!

[nate]

Fox Business News reported this morning that the FCC or some other Gov Bull Sh1t agency warned that Bitcoin whales are pulling out of Bitcoin to leave the new investors holding the bags.

Funny thing is I don't see any big red candles on the chart and the price of BTC keeps slowly going up....

Sounds like FOMO to me....

There's also reports yesterday that Gold is down 2% for the first time as yields on bonds decreased. An event that is extremely rare. Could investors dump gold for BTC? Wouldn't that piss some people off....


@newjerseymax I know your having fun. You made some good choices last week spreading out your investment the way you did. I'm down $100+ on my ETH/BTC trade. Not worried though... Not even a little bit.

[empirestate]

Fox Business News is where you watch your financial news? ROFL..what a joke...they are worst than ****..

[aspkin]

Originally Posted by slapped

Litecoin has BLOWN up,,,,

Bitcoin...

[WEI]

IT will go down at 13K by the end of the week. Panic buying here we come!

[slapped]

Originally Posted by WEI

IT will go down at 13K by the end of the week. Panic buying here we come!

Nostradamus,,,,,

[slapped]

Originally Posted by aspkin

Bitcoin...

It may be the chosen one, but it seems to lagging behind Ethereum and Litecoin as of late