Well the opposite side is that you don't know what all time high is going to be. If you invested in stock market at ATH at the beginning of 2017, you would have made out very very well. Granted, crypto is not stock market, but you never know what ATH is going to be, and it is possible that in a few years bitcoin will blow through $20K.Boggles the mind people with no knowledge of a given industry, or any industry, would think to invest at All Time Highs is a good idea and expect to make a profit short term...
LOL to see everyone losing faith in BTC. Now it'll take few years to be back at 20K?Well the opposite side is that you don't know what all time high is going to be. If you invested in stock market at ATH at the beginning of 2017, you would have made out very very well. Granted, crypto is not stock market, but you never know what ATH is going to be, and it is possible that in a few years bitcoin will blow through $20K.
Well the opposite side is that you don't know what all time high is going to be. If you invested in stock market at ATH at the beginning of 2017, you would have made out very very well. Granted, crypto is not stock market, but you never know what ATH is going to be, and it is possible that in a few years bitcoin will blow through $20K.
To be honest, I don't think Bitcoin is where the future will be either. I've said it somewhere on this forum before, but in my opinion the likeliest scenario is that bitcoin will end up the AOL or MySpace of dot-com era. Bitcoin has paved the way, it has shown us that blockchain technology is real, valuable, and that it works, but ultimately I think Bitcoin will be replaced by something better. If it's lucky it'll end up like Yahoo, it's still going to be around, but it'll be just a shadow of its former self. Now, I'm no Nostradamus, I have no idea when (or if?) it's going to happen, but I do think this is what's going to happen. To that end I've traded all the BTC/BCH/BTG that I had for alt-coins, and it sucks that in the current crypto downturn BTC is dragging entire market down and the alt coins are crashing even harder than BTC, but in the end, I do believe I've made the correct decision, even if my timing was off.LOL to see everyone losing faith in BTC. Now it'll take few years to be back at 20K?
I'm laughing with you because I don't believe in bitcoin (and own none).
It is a very peculiar coincidence how this crash came right after Bitcoin finally went mainstream with wall-street financed bitcoin ETFs. So many ironies. It would be "funny" if Winklevoss brothers used the wall street fueled FOMO to liquidate their BTC holdings, or if they pushed behind the scenes for wall street to create BTC etfs to fuel the rally so they could cash out. Conspiracies are always fun.Well if an asset is at it's highest price in its history at a given moment, it is at its all time high. You might not know up to where it will go, but if it is still at its highest point at that time, be it 12k or 19k, it is at ATH. This usually triggers FOMO (fear of missing out) which seasoned inverters use to finance their selling.
It is a very peculiar coincidence how this crash came right after Bitcoin finally went mainstream with wall-street financed bitcoin ETFs. So many ironies. It would be "funny" if Winklevoss brothers used the wall street fueled FOMO to liquidate their BTC holdings, or if they pushed behind the scenes for wall street to create BTC etfs to fuel the rally so they could cash out. Conspiracies are always fun.
How is it 22 billion? 2.2b USDT have been created, how is possible that USDT is responsible for 22b in liquidity with only 2.2b?
I got into crypto just 7 weeks ago. Bitcoin did nothing but going down since. Miserable bitcoin holders.
Bitcoin.. thank the fack i got in at 17.7k then quickly left entirely to altcoins upon learning of their existence.
I got into crypto just 7 weeks ago. Bitcoin did nothing but going down since. Miserable bitcoin holders.
I blame NS1 and myself. Once skeptics like ourselves get into the action, Bitcoin was doomed to drop
We all get it, you don't believe in CryptoCurrency. Thanks.ruh roh...
Bitcoin USD 8,701.64 -413.64 -4.54%
Sell. Then diversify into something tangible.....like Beanie Babies.
Over $100 billion was wiped off the global cryptocurrency market in 24 hours on Friday amid concerns over tighter regulation and worries that the bitcoin price was manipulated on a major exchange.
The total market capitalization or value of all cryptocurrencies in circulation stood at $405,241,490,138 at 6:30 a.m. London time (1:30 a.m. ET), according to data from Coinmarketcap.com, which takes into account the prices of digital coins across a number of key exchanges. This was a fall of $112.6 billion of value from a day before.
Another couple of days of this, and we'll be able to buy video cards again!