FOMO's are getting fomo'ed, simply put, blood bath all the way down to 20K
Bitcoin sold off about $5000 in minutes...
- Thread starter TimtheEnchanter
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On point, the wind catches the chaff from the wheat...
Which clogs up your engine's air intake, and the plane crashes into the mountain!
Not if you're in a helium hot balloon basket..
If it had truly zero fundamentals, how is it 11yrs old with fresh ATH’s?
it is surprising to me that bitcoin still has so much hate during a time where the united states is 26 trillion in debt, and hasn't made a principle payment on such debt since 2013. putting a small percentage of your capitol into bitcoin is not a horrible idea. I dont see bitcoin collapsing. The blockchain tech is quite clearly here to stay. big institutions are getting involved. Whether we hit 100k or not, who knows.
What I do know, is that bitcoin has an awful lot of manipulation in its price due to it not be regulated. Exchanges such a coinbase shut down when price is making extreme moves. "whales" start a sell off so their buddies can buy the dip. Its not exactly an instrument I would recommend DCAing. Put enough money in there u can afford to lose, and see what happens
What I do know, is that bitcoin has an awful lot of manipulation in its price due to it not be regulated. Exchanges such a coinbase shut down when price is making extreme moves. "whales" start a sell off so their buddies can buy the dip. Its not exactly an instrument I would recommend DCAing. Put enough money in there u can afford to lose, and see what happens
Based on what? The current hashrate and electricity costs? I think that it self adjusts every 10 days or so. So when the price drops too low and mining it becomes too expensive, the calculations become easier down the road. So the cost to mine is, as far as I know, self-adjusting.
Can't believe the level of trader incompetence here on ET calling for a crash to $20K (especially from someone who was celebrating when it dipped from 28K to 26K and I said buy the fucking dip, and again celebrating when bitcoin dipped from 34K to 26K and was nowhere to be seen when bitcoin passed $35K, that person knows who he/she is)
Listen up, in a bull market, you buy the f*cking dip. In a bear market, you sell the rallies.
Simple as that. bitcoin should be back above $40K this coming week, imho. Not Financial advice. I have long position on bitcoin , 13 bitcoins, so I actually have skin in the game.
Some other guys, they just like to talk shit but can't put their $ where their mouth is.
Listen up, in a bull market, you buy the f*cking dip. In a bear market, you sell the rallies.
Simple as that. bitcoin should be back above $40K this coming week, imho. Not Financial advice. I have long position on bitcoin , 13 bitcoins, so I actually have skin in the game.
Some other guys, they just like to talk shit but can't put their $ where their mouth is.
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