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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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  #23  
Old 03-22-2020
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

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Originally Posted by phaz0rz View Post
The majority of bitcoin moving revolves around drugs.
The majority of bitcoin moving revolves around trading. You could watch whale alerts to see where the coins go instead of guessing. 99% of exchanges have KYC for withdrawing $10k (ie: 2 BTC per day) or larger transactions no matter what country your in. If a cartel was using Bitcoin to move money around... They should find a new CTO. Bitcoin is NOT anonymous.

The reason BTC had this price drop was from asset managers limiting their clients risk. Although bitcoiners look at bitcoin as a low risk asset long term, asset managers do not. In order to move their portfolios into low risk assets they closed their BTC positions which had a domino effect when price dropped closing others positions that were leveraged. Couple that with the average person scared to spend liquidity not knowing if they were going to have income coming in next month and miners selling to pay for power.
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Last edited by nate; 03-22-2020 at 11:51 AM.
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  #24  
Old 03-22-2020
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

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Originally Posted by agent006140 View Post
There is a cash shortage out there,most businesses are drawing,have drawn or expected to draw down their line of credit with their banks,Uber,Lyft,UAL,Carnival Cruise,Boeing ,practically every corporation !
And this will go to bitcoin how?
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  #25  
Old 03-28-2020
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

I think there is a probability that the value of usd goes down to help US economy , what do u think about bitcoin if it happens ?
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  #26  
Old 03-28-2020
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

I just read gold coins,gold bars are sold out?
A 83 years old gold trader said in his 50 years career trading gold,he is noT surprised,the fact that it is out of stock,people just want more,like TOILET PAPER.
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  #27  
Old 04-03-2020
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Tether Issues More than 1.5 billion new USDT this Month !
https://7bitcoins.com/tether-issues-...dt-this-month/

Is this injection that will help Bitcoin break $7000 and go back between $8000 and 9000?

This is definitely a positive thing for bulls.
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  #28  
Old 04-03-2020
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

There has to be some good reason to turn to crytocurrency in time like this-?
that touching,hoarding gold,coins and bills could give your the virus,that stores only accept cryto currency/or we are so weak,we have no strength to carry physical store of value,we have become delirious.insane and couldnot recognise or recall where we put.
them.
or it is just not safe to have them amid all the physical crimes.
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Old 04-11-2020
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Large holders of over 1000 btc have been increasing every week since late 2018. Few of these holders actually dumped any btc during the 8k to 4k drop on March 11/12.
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Old 04-11-2020
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Managed to get some at $5k
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