Bitcoins - about to hit $5,000 per coin today!

[OneMoreRep]

Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

[polychronopolous]

She's a criminal herself.  Look it up.

He's too lazy.

Much easier to post these 2016 talking points without putting any effort into researching the validity of the article or the person being quoted.

[DooM_]

He's too lazy.

Much easier to post these 2016 talking points without putting any effort into researching the validity of the article or the person being quoted.

above article is from the 13th of january 2021 , lagarde is head of the european central bank . . . so either way what she says has an effect . . .

[DooM_]

[Bindare_Dundat]

Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

No.lots of money can be/is being made here if actively trading. If holding, long term is still very bullish

[epic is back]

That chart looks like my cock in the mornings

[DooM_]

Bitcoin bubble: Can you bank on the cryptocurrency?

Financial crime lawyer Bambos Tsiattalou from Stokoe Partnership Solicitors is sceptical. 'Bitcoin and crypto-currencies alike are destined to fail,' he said.

'The problem with all cryptocurrencies is that they actually have no real intrinsic value – they are actually worthless.'

European Central Bank president Christine Lagarde this week blasted bitcoin for allowing 'funny business' like money laundering, and called for global regulation.

The FCA seems to be taking smaller steps, focusing on how bitcoin investments are advertised to unsuspecting savers. But Tsiattalou is dubious about whether increased regulation will help.

He said: 'The only thing that more stringent regulation will do is make the current speculative demand for crypto-currencies wane, which will ultimately lead to all cryptocurrencies reaching their true monetary value of zero, making it one of the biggest Ponzi schemes in recorded history.'


https://www.thisismoney.co.uk/money/markets/article-9148821/Bitcoin-bubble-hugely-inflated-market-burst.html

[Theoak*]

Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

Aftet 7 years hodling these swings have less of an impact on me. Its the nature of a new market.  Overtime the volatility will decrease.

[OneMoreRep]

Aftet 7 years hodling these swings have less of an impact on me. Its the nature of a new market.  Overtime the volatility will decrease.

Yeah, it's just too risky for my blood. But I know this new breed of traders love to fuck around with just shorting stocks and gambling on margin, so all power to them.

No.lots of money can be/is being made here if actively trading. If holding, long term is still very bullish

But is it more of a pump and dump by these large firms throwing millions of dollars into BTC with the hopes that most "average" people will buy into it, artificially cause the price to rise and then dump BTC for the smaller masses to deal with?

Again, I only invest in the market and do not actively trade in it, so it really has no effect on me. As a fan of economics though, I must say that this new, highly volatile, digital currency does seem like a speculative bubble.

"1"

[Army of One]

Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

No.10 years ago it was a dollar.It has had these fluctuations throughout its whole history.This for example was the late 2016 to late 2017 run from 500 dollars to 19k.Zoom out and look at the big picture and dont get emotional in the moment.Thats really all there is to it now institutions are coming in

[OneMoreRep]

Nope, 10 years ago it was a dollar.It has had these fluctuations throughout its whole history.This for example was the late 2016 to late 2017 run from 500 dollars to 19k.Zoom out and look at the big picture and dont get emotional in the moment.Thats really all there is to it now institutions are coming in

Man, that's a bumpy rollercoaster. I guess at my old age, I don't have the stomach for it.

"1"

[Mayday]

Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

I sold @ 40.5k. I don’t ride the dips because I can’t be 100% sure when it will bounce back. I can make an educated guess with probability but that is still a ‘guess’.

The drop you saw isn’t ‘the drop’. The proper crash just started yesterday

[Mayday]

No.10 years ago it was a dollar.It has had these fluctuations throughout its whole history.This for example was the late 2016 to late 2017 run from 500 dollars to 19k.Zoom out and look at the big picture and dont get emotional in the moment.Thats really all there is to it now institutions are coming in

Don’t forget to show the other side of that chart........

Be careful of the effect the institutions are having on price. We have grayscale, microstrategy and square as the major players. They were all buying back at 10k and have been for many months.

Going from 10k to 20k with the 3 major players buying took 6 months alongside retail buyers. That is the effect of institutions buying.

 Going from 20k to 40k took 1 month. It isn’t institutions causing the last 20k price rise nor the previous retail buyers.

The spike is the ‘hype’ buyers causing what is more likely a 1.5yr price increase in 1 month. This isn’t institutions, they aren’t this dumb.

The price of 40k is a June 2022 onwards price point.

[FitnessFrenzy]

No.10 years ago it was a dollar.It has had these fluctuations throughout its whole history.This for example was the late 2016 to late 2017 run from 500 dollars to 19k.Zoom out and look at the big picture and dont get emotional in the moment.Thats really all there is to it now institutions are coming in

do you own bitcoin?

[DooM_]

Don’t forget to show the other side of that chart........

Be careful of the effect the institutions are having on price. We have grayscale, microstrategy and square as the major players. They were all buying back at 10k and have been for many months.

Going from 10k to 20k with the 3 major players buying took 6 months alongside retail buyers. That is the effect of institutions buying.

 Going from 20k to 40k took 1 month. It isn’t institutions causing the last 20k price rise nor the previous retail buyers.

The spike is the ‘hype’ buyers causing what is more likely a 1.5yr price increase in 1 month. This isn’t institutions, they aren’t this dumb.

The price of 40k is a June 2022 onwards price point.

what do you think it will drop to . . . ?

[Bindare_Dundat]

https://www.coindesk.com/goldman-sachs-to-enter-crypto-market-soon-with-custody-play-source

Goldman Sachs to Enter Crypto Market ‘Soon’ With Custody Play
Goldman, JPMorgan and Citi are all said to be looking at crypto custody.

U.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank.

When asked about timing, the Goldman source said the bank’s custody plans would be “evident soon.”

Goldman’s digital asset custody RFI was circulated to at least one well-known crypto custody player toward the end 2020.

“Like JPMorgan, we have issued an RFI looking at digital custody. We are broadly exploring digital custody and deciding what the next step is,” said the Goldman source, who asked not to be named. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by The Block.)

[DooM_]

Bitcoin bubble will pop sooner or later

Anatoly Aksakov, a member of the Russian State Duma, has reiterated his negative stance on Bitcoin (BTC) shortly after the cryptocurrency briefly retouched $40,000 on Jan. 14.

“Bitcoin is not backed by anything as a cryptocurrency. This is a private currency, and its value is based on trust of the related data system. In this context Bitcoin provides a basis for a bubble on the crypto market, and I think this bubble should burst sooner or later.”

Aksakov also urged for strict regulations on Bitcoin, hinting that global jurisdictions should probably ban it as a payment method.

Russia has already banned crypto-powered payments effective from Jan. 1, 2021.

Aksakov stated, “It is necessary to cut off all channels for using Bitcoin to finance drug trafficking, terrorist operations, money laundering, corruption schemes, and so on.”

Aksakov is not alone in maintaining that Bitcoin is a bubble. Michael Hartnett, chief investment strategist at Bank of America Securities, argued that Bitcoin looks like “the mother of all bubbles” in early January 2021.

Following Bitcoin’s massive rally driving its price to as high as $42,000 in January, a number of global authorities have expressed criticism of the world’s largest cryptocurrency.[/b] European Central Bank President Christine Lagarde argued on Jan. 13 that Bitcoin is a “highly speculative asset” and a “funny business” contributing to money laundering.

https://cointelegraph.com/news/bitcoin-bubble-will-pop-sooner-or-later-says-famous-russian-btc-critic

[Bindare_Dundat]

what do you think it will drop to . . . ?

A drop to 30,000 would probably see bitcoin go back down to 20,000's quickly. But I dont think we will  see a dip below that, (20,000) in a long, long, long time  (maybe never) At least I hope. lol

[Bindare_Dundat]

Bitcoin bubble will pop sooner or later

Anatoly Aksakov, a member of the Russian State Duma, has reiterated his negative stance on Bitcoin (BTC) shortly after the cryptocurrency briefly retouched $40,000 on Jan. 14.

“Bitcoin is not backed by anything as a cryptocurrency. This is a private currency, and its value is based on trust of the related data system. In this context Bitcoin provides a basis for a bubble on the crypto market, and I think this bubble should burst sooner or later.”

Aksakov also urged for strict regulations on Bitcoin, hinting that global jurisdictions should probably ban it as a payment method.

Russia has already banned crypto-powered payments effective from Jan. 1, 2021.

Aksakov stated, “It is necessary to cut off all channels for using Bitcoin to finance drug trafficking, terrorist operations, money laundering, corruption schemes, and so on.”

Aksakov is not alone in maintaining that Bitcoin is a bubble. Michael Hartnett, chief investment strategist at Bank of America Securities, argued that Bitcoin looks like “the mother of all bubbles” in early January 2021.

Following Bitcoin’s massive rally driving its price to as high as $42,000 in January, a number of global authorities have expressed criticism of the world’s largest cryptocurrency.[/b] European Central Bank President Christine Lagarde argued on Jan. 13 that Bitcoin is a “highly speculative asset” and a “funny business” contributing to money laundering.

https://cointelegraph.com/news/bitcoin-bubble-will-pop-sooner-or-later-says-famous-russian-btc-critic

Cause fiat money doesnt fund illegal activities?

[Army of One]

Don’t forget to show the other side of that chart........

The other side of the chart where it dropped to 3500 dollars but now is 35000+ dollars?again zoom out and dont get emotional.Nothing matters unless you sell.

[Theoak*]

The drop you saw isn’t ‘the drop’. The proper crash just started yesterday

this is an extremely radical view of the situation, normally you're not far off the money but guess we'll see how this plays out in the next 0-15 days ...

[Mayday]

this is an extremely radical view of the situation, normally you're not far off the money but guess we'll see how this plays out in the next 0-15 days ...

Cheers for the compliment.

It’s only brief, don’t worry. It goes well past 40k on it’s next ramp.

What we saw was the hype train full steam ahead hit 40k. It rolled back 18% in 4 days scaring the living shit out of everybody.

 It gathered enough troops to give it a second shot. Rallied to 40k and stumbled again. Now the troops are Real scared and running away harder than the first time. It’s already tapped 34k which means the 37k resistance didn’t holdup. I’d expect it to blow through to low 30s and hang out there for a bit and then dip into the 20s briefly before rallying hard.

[Bindare_Dundat]

Cheers for the compliment.

It’s only brief, don’t worry. It goes well past 40k on it’s next ramp.

What we saw was the hype train full steam ahead hit 40k. It rolled back 18% in 4 days scaring the living shit out of everybody.

 It gathered enough troops to give it a second shot. Rallied to 40k and stumbled again. Now the troops are Real scared and running away harder than the first time. It’s already tapped 34k which means the 37k resistance didn’t holdup. I’d expect it to blow through to low 30s and hang out there for a bit and then dip into the 20s briefly before rallying hard.

Appreciate your posts as well 

I took profit at the time I called for a pull back a few posts back. Still hanging to.my ethereum but I agree with you.

I think if you haven't gotten into bitcoin yet, you actually might do better with ethereum for a period of time. I'm roughly 70/30 btc/eth and its been holding well as of this post. Could change on a dime. Lol

[Mayday]

Appreciate your posts as well 
I think if you haven't gotten into bitcoin yet, you actually might do better with ethereum for a period of time. I'm roughly 70/30 btc/eth and its been holding well as of this post. Could change on a dime. Lol

I’m not holding anything right now.

I am entering 100% ETH in my next move. Just waiting for the current situation to settle down.

[Bindare_Dundat]

I’m not holding anything right now.

I am entering 100% ETH in my next move. Just waiting for the current situation to settle down.

Yes, I remember from one of your previous posts.
Just thought it might be a good idea to let anyone on the fence now, to maybe start consideing going in as its much more affordable to most with greater returns.