Why Bitcoin is Plunging (This Time)

Discussion in 'Crypto Assets' started by ajacobson, Nov 25, 2018.

  1. bone

    bone

    I don't get that sense looking at BTC versus the Dollar Index for 2018.
     
    #21     Nov 26, 2018
  2. yg10

    yg10

    Is your trading basedd on information like this?
     
    #22     Nov 27, 2018
  3. gkishot

    gkishot

    Do you think the stock market will rise next year?
     
    #23     Nov 27, 2018
  4. RedDuke

    RedDuke

    I do not think, I react. Well my algos react.
     
    #24     Nov 27, 2018
    MarkBrown likes this.
  5. Love IT!
    Bitcoin is dead. Why? It's 'only' at $4000 - I mean, wtf?
    Name any other ticker with that kind of increase. So what if it's down 80% from the mania highs? It'll hit bottom, grind around, then start moving up more slowly. Might drop to $1k - oh, geez - starting from less than a penny, still pretty a strong long-term showing.
    It's dropped 80% before, so 'rumors of death are premature.'

    Still - I'm more bullish on ETH long-term. Real functionality, massive programming effort, legitimacy, most usage, highest profile, etc. And it's got Vitalik.
     
    #25     Dec 1, 2018
    MarkBrown likes this.
  6. Cuddles

    Cuddles

    [​IMG]

    This is not the most severe of the bitcoin pops so far (in terms of % drop not cap). I doubt we'll see similar recovery w/the amount of regulation happening and wallstreet shorters jumping into the fray now though.
    https://news.bitcoin.com/look-bitcoin-bubble-will-next-one/
     
    #26     Dec 1, 2018
  7. MarkBrown

    MarkBrown

    started at less than 1 cent now at 4000 - not your daddy's dollar.
     
    #27     Dec 1, 2018
    yg10 likes this.