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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 01-16-2018
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Default $8k - great entry point for BTC

Booya let's make money!
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  #2  
Old 01-16-2018
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Default Re: $8k - great entry point for BTC

You think BTC will go all the way down to 8k?!? Only at 11k now...
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Old 01-16-2018
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Default Re: $8k - great entry point for BTC

It would... However, traders will snap it up at that prices real quick. I bet they are buying as we speak while others with fear are selling...

Lets see how long this "dip" lasts or is it a correction.
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Old 01-16-2018
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Default Re: $8k - great entry point for BTC

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Originally Posted by newjerseymax View Post
It would... However, traders will snap it up at that prices real quick. I bet they are buying as we speak while others with fear are selling...

Lets see how long this "dip" lasts or is it a correction.
Not with all bad news coming ... and a lot of freaked up people will to sell
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Old 01-16-2018
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Default Re: $8k - great entry point for BTC

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Originally Posted by empirestate View Post
Booya let's make money!
And how much will you be buying?
Back on the bitcoin train are we? and for how long?
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  #6  
Old 01-16-2018
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Default Re: $8k - great entry point for BTC

8k is the 200 day moving average. We will be lucky if it gets that low. My magic 8 ball says not a chance in hell. But who knows.

Bad News? You believe what they say? Cardano's Charles Hoskinson says some news is suppose to come out Friday that will really shake things up...

I think China's just throwing FUD out there to get back in the game at a low price.
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Old 01-16-2018
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Default Re: $8k - great entry point for BTC

Might even go down to $5k..........
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

10k already
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

Buying the dip... LOL. :D

Any of you guys hear about Bitconnect? Ponzi has collapsed.



I want to see their subreddit but it's private :(
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

BTC is down $3k in 24 hours. $1k of which was in the past hour. I bet Coinbase won't let me sell off even if I wanted to.
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

Every single time prices have dropped coinbase has had issues preventing me for selling....

They are crooks!
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  #12  
Old 01-17-2018
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Default Re: $8k - great entry point for BTC

^^They absolutely are. They're just straight enough to not be called a scam but their practices are seriously shady. If insider trading laws applied to crypto all of Coinbase would be in jail.

They will probably allow buys right now (since the dip is so serious and buy orders are the only thing that will keep it from dipping further) but I'd bet you can't sell.
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

Quote:
Originally Posted by just_smile View Post
Every single time prices have dropped coinbase has had issues preventing me for selling....

They are crooks!
Why are you using coinbase? the fees are sky high.
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  #14  
Old 01-17-2018
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Default Re: $8k - great entry point for BTC

If new to the crypto, now is great entry time...
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

Quote:
Originally Posted by Imposter View Post
Why are you using coinbase? the fees are sky high.
Im not anymore. Not with their sky high fees and shady business practices.
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

Down another $400 in the past hour. BTC will be $6k or less by the end of today.

I want to be like some of you and believe this is just a "dip" but there are too many factors suggesting this is crash and not a dip.
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

Quote:
Originally Posted by phaz0rz View Post
Down another $400 in the past hour. BTC will be $6k or less by the end of today.

I want to be like some of you and believe this is just a "dip" but there are too many factors suggesting this is crash and not a dip.
I watch mostly Stock Market and if this was going on in the S&P this would be a crash or major correction. However, crypto is a different beast all together. All these previous trends and stats mean nothing.

I still do believe this technology is too good to ignore or be gone forever.
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

On the one day candle chart the 200 day MA is around 8k. There will be strong support there. I it goes below that... Then I might start worrying a little... Maybe...
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

The way I see it is that is had a hockey stick moment late 2017.

Now it's coming back to reality.

What's reality? Well I would say roughly $10k/btc, but given more bad press today it will push it further down.

With a recession looming, I just cannot see something like bitcoin disappearing off the face of the earth.
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  #20  
Old 01-17-2018
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Default Re: $8k - great entry point for BTC

You could power 12 American households for one full day with the amount of electricity it takes to complete a single BTC transaction. Decentralized? To an extent, but it's terribly inefficient.

https://digiconomist.net/bitcoin-energy-consumption
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Old 01-17-2018
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Default Re: $8k - great entry point for BTC

It's beginning to rally, 1500+ in the last 3 hours.

I bought the dip, but not feeling smug just yet.
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  #22  
Old 01-17-2018
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Default Re: $8k - great entry point for BTC

8% in the last 24 hours

If people play their cards well and also have a bit of luck its a very very easy way to make a lot of money very fast these days
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