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Question of the Day: Which is the most hair-raising South African mountain pass you've driven?
Bitcoin Thread
- Thread starter Dan C
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rvZA
Honorary Master
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I would not touch BC right away. Over and above current market conditions and losses, Russia is now too considering a total ban on Crypto, which, if this happens, will lead to further losses, possibly into the mid $20k range.
Also worth you while will be to follow the 3 major indices in the US, the S&P500, Nasdaq and Dow. Many thought that Crypto operated independently, but the past year have proven that it actually narrowly correlate with these markets. If this is indeed the case, the US is now poised for losses for at least the next 3 years and Crypto may suffer the same fate.
AirWolf
Honorary Master
Repossessed
AirWolf
Honorary Master
Any idea when the current downturn will end?
MidnightZA
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Anyone's guess. My 2c likely 20k to 25k
AirWolf
Honorary Master
Just say you don't own any.
Or just holding dips don't phase me
Not yet. Waiting patiently.
All pretty well guesswork, but I doubt much, if any, lower than 30k. That's about where I will sell the wife's wedding ring and the silver heirloom candlesticks! Probably change the dogs' food to Woof from Ekunuba.
AirWolf
Honorary Master
Ekunuba is flipping expensive.All pretty well guesswork, but I doubt much, if any, lower than 30k. That's about where I will sell the wife's wedding ring and the silver heirloom candlesticks! Probably change the dogs' food to Woof from Ekunuba.
zerocool2009
Honorary Master
I am waiting!!!
That it is! That's why it will be a case of Eukanuba for the dogs or money for bitcoin!
This is the behaviour of a liquid speculative asset - normal and in the long run beneficial to the market.Bitcoin BELIEVERS aren't hassled at all. In fact they can increase hodlings at bargain prices. It is only speculators who have gone short or anyone who bought bitcoin to make a quick buck to pay expenses who are hurt. For the me it is just a matter of hanging in and buying more when I can.
netstrider
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I bought it twice the last week. Will check it weekly and buy in the more it falls.
rvZA
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Likely not any time soon.
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