Bitcoin Plunges Over 20% in Another Sign of Global Market Nerves By Joanna Ossinger 4 December 2021 Bloomberg Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets. The largest digital token fell as low as $42,296 before paring some of the tumble. It was trading at about $47,600 as of 1:50 p.m. in Singapore on Saturday, a drop of about 11%. Continues.... Youch
Just to put things in perspective...I went back to the OP of the thread by liquid hot @Magna just 4 years ago... Boy, those prices were the days, eh?
Just think that a month after that post Bitcoin reached 20K! Videos like this just make me want to cry... You sir were right. I sold before you posted this and very glad I did. I think it's safe to say that we have entered a bear market, or have we?
We need to get above $61K ASAP. The longer we stay below $50K, the longer the bearish sentiment continues If this is another shitty week for bitcoin and cryptos, we don't have too many weeks left
Yes. We should see some kind of breakout within the next 2 days. But who knows where?? The bulls better step their game up
Hackers steal at least $150 million in assets from crypto platform BitMart Published: Dec. 5, 2021 By Mike Murphy https://c.newsnow.com/A/1106885920?-34138:37793 https://www.marketwatch.com/story/h...sets-from-crypto-platform-bitmart-11638753178 Blockchain-security company says losses closer to $200 million Crypto trading platform BitMart confirmed a “large-scale security breach” over the weekend, saying hackers stole about $150 million in assets. “The affected ETH hot wallet and BSC hot wallet carry a small percentage of assets on BitMart and all of our other wallets are secure and unharmed,” BitMart said in a statement Saturday night. “We are now conducting a thorough security review and we will post updates as we progress.” BitMart added it was temporarily suspending withdrawals “until further notice.” However, third-party blockchain-security and data-analytics company PeckShield Inc. — which first called attention to the breach Saturday night — estimated losses at nearly $200 million, and detailed a list of outflows that included about $100 million in losses from various crypto assets on the Ethereum blockchain and $96 million in losses from assets using the Binance Smart Chain. The stolen loot apparently included assets from nearly 50 tokens, including Binance Coin, Safemoon and Shiba Inu. The cyberheist is believed to be one of the largest from a centralized crypto exchange. In August, a hacker stole more than $600 million in crypto assets from DeFi platform Poly Networks, but later returned the entire haul, claiming they had only taken the assets “for fun” and had wanted to point out a security vulnerability.
Everyone is very much looking forward to the next bear market and I'm not gonna lie that includes me I'm good to dump everything now and go to cash (except for 10 btc's, I'm never selling) It's preferable to do it in January so the tax bill for will be due in 2023, but we make the moves when it's right not when it's convenient On chain analysts are saying that this bull market cycle is still not over Anyway, if we get over 85% discount from btc at this price and the other cryptos at over 95% discount, man oh man, it would be some nice entries for the next bull market cycle Everyone on crypto twitter has made so much profits off this bull market, everyone's thinking the same thing, and the market has a way to put the most pain on most people so this bear market may just do something very different, lol
Exactly, but the problem is that nobody knows if we are in a bull or a bear market. And it seems like everyone expects the market to go back up. I've learned over the years that the market does the opposite of what you think it's going to do. Right now there's some bad fundamental news, an entity has moved over 5000 Bitcoin to Coinbase. This is never good, and we also have the smp 500 sinking, and this is affecting Bitcoin because a lot of stock traders dabble with Bitcoin. So I'm still a bear for now just waiting to see what happens. I think we are going to see a lot of manipulation before taking off again. It could be a matter of days, weeks, or even months. I'm probably going to put 60% into Ethereum when I feel we're moving back up. And 20% into Polkadot and 20% Cardano. Analysts are predicting a $190,000 dollar Bitcoin by the end of 2023, which would be beautiful, but not as beautiful as making over 100x on an alt. We're talking fairy tale type gainsAnd I feel that Ethereum is probably the safest alt you can buy. It has been a great 2 years, looking forward to 2023