Bitcoin Price Thread

Pekelo said:
Adoption is disappearing due to fees and slow txs. But let's say BTC was still fast and cheap fees, nobody is adopting because everybody is hording it. It could still grow without HFs, after all it went up 19 times YTD. So I don't see it as a necessity for growth. but usability is, and right now BTC isn't usable as a currency. And there is no quick solution in sight, while the other altcoins are just working fine.

Time jump ship, because this coin jumped the shark.
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I've been surprised by its resilience to be honest....Plus it's about the only one of two other coins into other cryptos so it's got that monopolized in the mean time. Also a fanatical user base almost guarantees a pull back. It's losing ground no doubt (seen the bch and ltc charts today?), but not ready to write it off just yet. My holdings are pretty diversified right now...which is funny since I wished I wasn't as much on the last .btc/segwit rally.

As far as adoption and horders....isn't that easily fixable by sending a fraction of a coin?
 
The irony of all this is the mempool is filled with a lot of transactions trying to get to the nearest exchange to sell before price drops more. Just like the network being sluggish because of small blocks, the crash is also sluggish.
 
Here4money said:
Also a fanatical user base almost guarantees a pull back.
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Tx fees are over $25, nobody is buying anything, unless it is a car or sending my millions to my bank.

Let's repeat it, you buy a $5 coffee at Starbucks and you get charged $30. There is no fanatic userbase who will still use it like that... Oh yes, and it might take 2 hours before it confirms.

It is broken Jerry, broken... Just hitting 14K, right now.
 
Panic selling going off now. Litecoin in freefall mode 260 and dumping. It was at 400 2 days ago. Mentioned the 290 support busted. Bitcoin tumbling. Almost under 14K. Who called 13,700 when it was at 19K? Expert!!! I'm the only one. Retail fools clueless!!! I told you when the KING falls the minions follow. The other cryptos are bigger ponzi schemes than Bitcoin. Listen Bitcoin has a future just not at the inflated levels it was at. The rest of them will lose 99% of their value like all penny stock frauds.
 
Did I say this only 3 days ago?: :)

Pekelo said:
I think the safe bet here is to cash out and put a buy order in at 12K. I expect a 40-50% sell off in the next 10 weeks.
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14K is a 30% drop already. Did I say 10 weeks? I meant 10 days! :)
 
WallStWhizKid said:
...Listen Bitcoin has a future just not at the inflated levels it was at. The rest of them will lose 99% of their value like all penny stock frauds.
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Bitcoin doesn't have a future for acceptance. It never did. Just chill and think of it man. Expand your mind.
 
Mining has no future. Newest coins have no mining and they have LOW energy needs.

Price is going to bounce from here (buy 13-13.5K ) for 2-3 days, then return to the scheduled sell off.
 
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