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  • Bitcoin, Ethereum and almost every other cryptocurrency is plunging

    From techcrunch.com

    Look away now if you own bitcoin or other cryptocurrencies. This won’t be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages. The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing. The price drop is having a huge impact. According to Coinmarketcap.com, a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isn’t in ... (full story)

Bitcoin surely will below $10.000
No sweat, just the normal ebb and flow of a market. Price action usually sticks to the script! A imminent buying opportunity approaching.
Don't wait for the wind, take to the oars.
The €uro is also down one euro-cent today (EurUsd).
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Quoting Pleiadian
No sweat, just the normal ebb and flow of a market. Price action usually sticks to the script! A imminent buying opportunity approaching.
You should sweat if more and more countries follow after South Korea's example.
Quoting XuMar
Bitcoin surely will below $10.000
Is that $10K or $10? I'll jump in if the latter.
Quoting Pleiadian
No sweat, just the normal ebb and flow of a market. Price action usually sticks to the script! A imminent buying opportunity approaching.
that's if the novice traders don't panic sell
So what do the chart patterns look like? Where's the BitCoin support level? LOL
Quoting Micc23
So what do the chart patterns look like? Where's the BitCoin support level? LOL
5000$
  •  Guest
  • | IP XX.XX.161.168
Its like buying Visa or Amex transactions. Why would you buy that? If i want to do a purchase via bitcoin or other crypto currency why would i want to be exposed to fluctuations? I want to transact and be done.
Quoting frontier
{quote} 5000$
I'd go further.
It's at $10,000 now. LOL
at what price will the banks start buying?
Look at the stochastics!!! Buy, buy, buy...
Attached Image (click to enlarge)
Click to Enlarge Name: Bitcoin (USD)_20180116_22.52.png Size: 98 KB
Quoting Micc23
So what do the chart patterns look like? Where's the BitCoin support level? LOL
If you don't know those basics what are you doing trading ? If you are trading!
Don't wait for the wind, take to the oars.
Quoting Guest
Its like buying Visa or Amex transactions. Why would you buy that? If i want to do a purchase via bitcoin or other crypto currency why would i want to be exposed to fluctuations? I want to transact and be done.
This is the early days of cryptocurrencies the development stage. You can expect 90% of cryptocurrencies will fail and likewise you can expect high volatility. If you cannot handle high volatility stay out. Also don't bet the farm as you will probably lose it. It is just like the early days during the development of the internet. It will be 2,3 or 4 years before cryptos are firmly established.
Don't wait for the wind, take to the oars.
Quoting raklian
It's at $10,000 now. LOL
Yep, some heavy buying at $10k, good luck to all the buyers
Quoting frontier
{quote} Yep, some heavy buying at $10k, good luck to all the buyers
HMMM........Bit premature, the daily candle has not closed yet!
Don't wait for the wind, take to the oars.
Statistically there are a number of differences between forex investors and crypto investors. Firstly there is almost zero use of leverage in crypto as oppsed to forex where up to 95% of retail forex investors make use of levereage. These are interesting figures as 95% is about the same percentage of forex traders that lose. This is consistent with the fact that leverage is the most exploited tool used in forex trading and also the biggest cause of failure.

Secondly, the average investment in crypto is less that $8344 USD and comes from 1st world countries, far less than the average forex bet. This would tend to indicate that if the investment was completely lost it would not devistate the holder.

Thirdly, it has been observered and proven that the new, so called inexperienced crypto investors exhibit far better practices than their older counterparts. ie they steer clear of leverage, they only invest what they can afford to lose and they hold (Hodl) for the longer term.

Rather interesting?
When bit coin hits $15000, they said it will surely go up and reach $20000, now when it down.. they said bitcoin is a scam..

You can never know who to trust ...
  •  Guest
  • | IP XXX.XXX.245.33
Trader know how to trade buy and sell for profit, non-trader who are looking for Cryptocurrencies noly want to HODL! what a logic here if you dealing with money, not a good idea to hold something that unpredictable.
  •  Guest
  • | IP XX.XXX.120.210
Message to guest above, HODL is a great strategy and anyone in the Crypto space from 2012,13,14,15 has made a fortune deploying it. Under you're logic Lewis Hamilton would not adapt his driving style around the car he is driving and the English would not have fought every war they have fought since 1066. The ability to succeed is to a great part the ability to adapt to changing circumstance i.e. mental dexterity , this can be learned , but it requires an open mind. Best of luck with you're system , if only trading were that simple ....
Well the evidence seems to be that most traders have no idea how to trade as 95% of them fail miserably. You can put all the spin in the world on it but at the end of the day neither forex or crypto constitute investing and are in fact more aligned with gambling.
Quoting antgal23
at what price will the banks start buying?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
buying on dip is always a dangerous thing... it might be a tsunami of sellers
Quoting Guest
i cant understand whats wrong with bitcoin. yesterday its fall down 35% and today is already fall down 12%
Why don't you understand whats wrong with bitcoin rise up 1000% before
10k is just a psychological support level. No real support until 6k.
Who bought at 20k$? (don't hit me! )
Invest in alarm clocks
Quoting Tony112
Who bought at 20k$? (don't hit me! )
I sold tiny 19000

I DID ADVISE people to wait until January credit card pay horrors are finished....

So buy next month 😀


When BTC goes to 50000 the crowd will cheer you up.
Add 10000, 7000
Beware of robber banks (RB), bad advisors.
Buy High, Sell Low
Quoting Nick.
Look at the stochastics!!! Buy, buy, buy... {image}
Don't rely on stochastics, it tells you nothing in isolation.
The institutional traders are counting on you little guys to buy.
$10k has failed
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Buying opportunity at hand again.
Quoting Huntpips
Buying opportunity at hand again.
Not for me! Many thousands of pips to go.
Don't wait for the wind, take to the oars.
Bitcoin better hit $1million by 2020. His dick is on the line.

https://www.theinquirer.net/inquirer...-usd1m-by-2020
Be like water go with the flow
https://youtu.be/6mWdTAXgFI0


I did an analysis of BITCOIN the other day and I posted it on youtube.
Quoting hjkl185
Well the evidence seems to be that most traders have no idea how to trade as 95% of them fail miserably. You can put all the spin in the world on it but at the end of the day neither forex or crypto constitute investing and are in fact more aligned with gambling.
If 95% fail miserable as you say, and that figure may be accurate, I don't know, but certainly more fail than win, you have to ask yourself why. As you seem to think that trading is no different to gambling, then for you this is the simple explanation. However, were you a profitable trader, you would know that trading and gambling, the latter always with the odds against you or at the very best, even, are very different. If you do not know why, then I am not going to be the one to tell you - you must find out for yourself if you are able.
Currently, Bitcoin has been trading at $6500 and the support level suggests it may reach to $6400.
It is still very volatile, but consider the crypto market, only Bitcoin has a real value for now which any other currency has not shown.

I still see possible growth in the future. You can check out the bitcoin price here.

Apart from Bitcoin i really think Ripple price would shoot up along with verge .

You can read the Ripple price prediction here.
I wonder when it will goes back up to USD 6000 again.
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  • Posted: Jan 16, 2018 8:45am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 39  /  Views: 18,256