Bitcoin is Tanking --how low will it go?

[PaidPoints]

I've never heard that saying but I like it.


Was it as bad as you thought it would be?

The saying is true, just not in all situations.

 

[Graybeard]

This is sort of interesting --greed doesn't work in your favor

In terms of mining, it's worth remembering that -- unlike coal or gold -- halving the number of miners would not half the production of Bitcoin. If a large proportion of Bitcoin miners shut down, the puzzle would become easier to solve, and we'd still get a new block every 10 minutes.

What China's Crypto Mining Crackdown Means for Bitcoin Investors

China is getting tough on Bitcoin miners. Find out how mining works and what will happen if lots of miners relocate or shut down their operations.

www.fool.com

That way, you don't have to lose sleep over something said by a government official on the other side of the world.

Good luck to the winners

 

[HJabir]

BTC to $28K by EoM. The bottom may be as low as $17k before the market picks up again and starts heading towatds $100k in a year or 2

 

[Graybeard]

Why? (rhetorical)
There is no intrinsic value in digital currency at all.

• Want gold?
  Buy Sprott PHYS trust shares or horde coin or bullion.
• Want a bag of air tied with a pink ribbon?
  Buy digital currency and depend of the greater fool theory.

If BTC gets down to $28K USD most people lost paper profits -- money in the sky; or in some cases, hard money that could have bought something tangible.

That said, I am trying (so far with no luck) to tie the new Bitcoin (and other digital currencies) price to the price of the miner's and exchange's stocks --then buy options on those stocks and short term speculate on this madness.

In 2012 I was offer bitcoin for under $100 LOL --should have spent a few thousand --opportunity lost I suppose
Good luck to the winners

 

[HJabir]

n 2012 I was offer bitcoin for under $100 LOL --should have spent a few thousand --opportunity lost I suppose
Good luck to the winners

LOL reminds me of 2013 when someone sent me a payment via BTC in 2013. I ended up converting it so I could buy PS3 games FML

 

[T J Tutor]

• Want gold?
  Buy Sprott PHYS trust shares or horde coin or bullion.
• Want a bag of air tied with a pink ribbon?
  Buy digital currency and depend of the greater fool theory.

This has always been my conundrum. As a result, I keep adding precious metals to my vault in California.

 

[Honeybadger]

Iran has just banned BTC
Bloomberg says it's for 4 months
and 3-5% of all BTC transactions are in Iran

 

[Graybeard]

Nothing noticeable so far yet. Does the BTC price have any basis on demand?

I have been reading that one of the causes may have been loans against bitcoin holdings being liquidated (repossession of the collateral)

 

[Graybeard]

Anyone's guess on the future based on this past crash

$42,000 looks optimistic
$15,000 Floor?

R2 = 1.00 perfect

 

[randallf]

Simply move on, there are others cryptocurrencies going up. I got interested by the stuff around Helium recently, seems easy to mining and price had been going up very fast lately.

 

[vinvin]

Simply move on, there are others cryptocurrencies going up. I got interested by the stuff around Helium recently, seems easy to mining and price had been going up very fast lately.

yes and other cryptos are faster in getting back on track. matic seems to be promising. it was almost close to reaching its all-time high yesterday

 

[HJabir]

yes and other cryptos are faster in getting back on track. matic seems to be promising. it was almost close to reaching its all-time high yesterday

I may be a bit of a bear currently, but I honestly recommend converting alts to USDT or BTC as the markets seem to be heading south. If 2017-18 is reoccurring in the markets now, then some altcoins will disappear in the near future.

 

[Qumalyon]

I may be a bit of a bear currently, but I honestly recommend converting alts to USDT or BTC as the markets seem to be heading south. If 2017-18 is reoccurring in the markets now, then some altcoins will disappear in the near future.

It is better to convert to USDT. It is better not to transfer to Bitcoin

 

[Graybeard]

Polkadot USD (DOT1-USD) Price, Value, News & History - Yahoo Finance

Find the latest Polkadot USD (DOT1-USD) price quote, history, news and other vital information to help you with your cryptocurrency trading and investing.

finance.yahoo.com

Wow look at this movement /s

 

[Graybeard]

The bloody weekend for Bitcoin Memorial Day Weekend in the USA

A ‘bloody crypto’ Memorial Day weekend? Some bitcoin bulls are dreading the long U.S. holiday break

The most US Americans will not be active in Bitcoin -- we will see ...

 

[Graybeard]

Bitcoin gained some lost ground the past week

Will it last this time?

 

[HJabir]

Double top at $60,000 followed by a slow crash to $25,000

 

[proinvestmoney]

No matter how he falls, he also rises. And it’s definitely not worth drooping for the fact that he fell.

 

[Rally]

No matter how low it goes, BTC always come strong, so there's no need to worry about BTC tanking. Instead, this should be an opportunity for us to buy more BTC for more profit

 

[Graybeard]

Government v. Bitcoin --place your bets