Bitcoin Thread

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biometrics said:
Did I forget the ;) ?
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Nah I got it. I was just adding to it. :p

Also I'm not calling any bottoms until we have at least two days of upward movement. I took the opportunity to short that spike like a mofo and it worked out. :cool:
 
It's not just crypto, folks.

The stock markets are in free fall. Nikkei down 1500 points. Biggest drop since 1990. Dow futures pointing to another big NYSE drop today.

The mainstream markets crashing might well ultimately be positive for Bitcoin. After all, 2008 was it's original inspiration. At least having trillions wiped off stock values will tend to wipe the smirk off the faces off the "I-told-you-so" crypto naysers. We're only down billions.

And while they're sweating over trillions down the tube the media and regulators aren't going to be as obsessed about the crypto sideshow so the FUD factory should slow down. And if this turns into a full blown financial crisis expect Bitcoin to start looking quite attractive again.

Just how far down it will go is anyone's guess, but if history repeats the rebound could be epic. Yes it was obviously a bubble, but the difference so far with cryptos is that the bubble repeats with greater and greater amplitudes.
 
Looks like it's primed for liftoff. There were some massive volumes whilst it pulled away from $6k.
 
lets see if $6K levels hold. sell down across most global asset classes. dont panic/remain calm!! :)
 
LOL. Zoom out and see that this is a tiny recovery. SEC hearing on cryptocurrencies will start in the afternoon today. If it's bad news, bye bye to your savings.
 
Please inform people you know that might fall for this. Zip "upgrade" file also attached in the mail
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DarkMultiverse52 said:
LOL. Zoom out and see that this is a tiny recovery. SEC hearing on cryptocurrencies will start in the afternoon today. If it's bad news, bye bye to your savings.
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The chance that there is good news is better. Refer to the article I posted here yesterday. If the regulations are clearly defined after the meting, it will open the door for large institutional investors and EFT's to be listed. And with the traditional markets also bleeding, crypto could make a massive comeback.... It will be interesting, let's see what is the outcome of the SEC meeting...
 
DarkMultiverse52 said:
I know a few who took out some loans to buy some ****coins in last December. Idiots are everywhere.
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Eish :(.
This is gonna be a dark time for many who rushed into the market.
I hope they find their feet, learn their lessons and work hard to get on with life.
 
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