Bitcoins are officially donkdown

[big dick]

It will rebound


you fucking faggots

[sonatine]

you fucking faggots

[Gordman]

At least the stock market is doing well today

IMO the market was due for a correction like this, in fact i think there might be more room for it to drop more or possibly remain stagnant for a short period of time. Even a quick chart with SMA's kind of reveals this.
(On a side note, look at that volume for 2017 compared to before that...)

[Charham]

hmm fingers crossed. I have a BTC withdrawal pending, glad they didn't process it yesterday! I am going to turn it to cash as fast as a I can. Maybe get lucky and see a pop.

got lucky, I just hit before this pop, pop covered my fees and I am out.

[chinamaniac]

There is about a .00001 % chance I lose money in Crypto before I am out.

Prob a better chance of me becoming a lifetime losing poker player and that is virtually impossible.

[Avon Barksdale]

There is about a .00001 % chance I lose money in Crypto before I am out.

Prob a better chance of me becoming a lifetime losing poker player and that is virtually impossible.

Heart attack or stroke is what you got to watch out for...💯💯💯

[chinamaniac]

There is about a .00001 % chance I lose money in Crypto before I am out.

Prob a better chance of me becoming a lifetime losing poker player and that is virtually impossible.

Heart attack or stroke is what you got to watch out for...

Obv that is most likely to kill me

[Sheesfaced]

There is about a .00001 % chance I lose money in Crypto before I am out.

Prob a better chance of me becoming a lifetime losing poker player and that is virtually impossible.

With this logic if you bought at 20 and watched it go to 20,000 and hodl all the way back down to 200 before getting out you'd have still made 1000%.

But you'd be a freaking moron.

[snake_in_the_ass]

There is about a .00001 % chance I lose money in Crypto before I am out.

Prob a better chance of me becoming a lifetime losing poker player and that is virtually impossible.

With this logic if you bought at 20 and watched it go to 20,000 and hodl all the way back down to 200 before getting out you'd have still made 1000%.

But you'd be a freaking moron.

I had a mining stock go from 7 cents to $8.00 and I didn't sell. I didn't have an exit strategy. I ended up selling it at 30-40 cents after it tanked. Druff was right about most folks not having an exit strategy and that is why they are doomed to lose. You need to come up with a plan like....sell 25% @ $1000, sell 25% @ $5000 etc or otherwise you will most likely never sell. Or you can do what I did, wait for a fucking mush like Sonatine to scare you out of your position.

[chinamaniac]

There is about a .00001 % chance I lose money in Crypto before I am out.

Prob a better chance of me becoming a lifetime losing poker player and that is virtually impossible.

With this logic if you bought at 20 and watched it go to 20,000 and hodl all the way back down to 200 before getting out you'd have still made 1000%.

But you'd be a freaking moron.

I understand your point, but it has nothing to do with me. 2 completely different things.

So you saying "with my logic" is very illogical because you have 0 idea of my current situation/thread

Crypto to the MOON

[snake_in_the_ass]

You know what I love? These crypto bashers never realized that if BTC goes donkdown, stocks would go down too. So they missed the entire crypto bull market and now getting raped in stocks. Sonatine made $0.00 in crypto and lost 10% in a few days in stocks (401k). More devastating losses later on, probably 50%+.

So be careful what you wish for!

[Dan Druff]

I have to admit I was wrong.

I posted that today's new normal would be the 7000s.

Turned out to be incorrect.

Welcome to the 6000s.

[snake_in_the_ass]

I have to admit I was wrong.

I posted that today's new normal would be the 7000s.

Turned out to be incorrect.

Welcome to the 6000s.

Did you short any? Or still on the sidelines wishing you did? Wishing doesn't pay the bills.

[Dan Druff]

I just mentioned shorting earlier today.

No, I haven't yet. Still looking into the best way to do it.

But I truly believe it's going to be on a long term downswing.

Too many factors working against it:

1) Lack of practical use -- abandoned as payment by most merchants

2) Too many cryptocurrencies out there, including several which are seen as "cooler" and a greater opportunity to profit than Bitcoin

3) Recent soft attacks on crypto by Facebook and the banking industry

4) Recent attacks on crypto by major foreign governments


These factors combined should be enough to destroy the hype and negate the meteoric rise in value from 2017, which was artificial in the first place.

[Sanlmar]

There is about a .00001 % chance I lose money in Crypto before I am out.

Prob a better chance of me becoming a lifetime losing poker player and that is virtually impossible.

My experience is that some of the best traders were poker players and vice versa.

The HSP Show was a table full of ex traders. I honestly have started to forget the names. Furgeson comes to mind quickly. Somebody tick off the others for me.

They know how to take a loss without tears. They don’t fall in love with hands or positions. It’s all just a long slog. Risk assessment.

Poker players and traders tend to be agnostic. Simple opportunists.

So it strikes me why you are so passionate about Bitcoin.

Why would anyone make a bet on a libertarian philosophy largely populated by crooks. I have enough hate to find it all very appealing intellectually but we are talking about hard earned money.

[Sanlmar]

Who was the Jeopardy kid that was a currency trader and poker player. The unibomber. Etc etc.

So funny how I’ve blocked it all out. Maybe Alzheimer’s

[Dan Druff]

Who was the Jeopardy kid that was a currency trader and poker player. The unibomber. Etc etc.

So funny how I’ve blocked it all out. Maybe Alzheimer’s

You're talking about Alex Jacob, the jeopardy player and currency trader. Very smart (but quiet) guy who is in a dysfunctional relationship/marriage with a girl he's been with since high school.

The Unabomber (poker player) is someone completely different -- Phil Laak. He's a charismatic degenerate who has been in a long relationship with Jennifer Tilly, who is like 13 years his senior.

[thesidedish]

Here is what Micon says. This craze is not going away any time soon. This is MLM, but MLM take years to fizzle. I am staying away, but below is all you need to know, plenty of customers. From two days ago:

@BryanMicon
Jan 15

If you aren't fuckin' with crypto right now I don't know what you are doing.

Still gonna change the world.

Still gonna bank the unbanked.

Still gonna level the playing field.

We are at the start of the greatest wealth transfer in human history.

It's not too late.

sounds like an infomercial salesman


but I just got out becuz of this, FEAR MUCH??

Everyone was posting this graph when btc hit $100..

Everyone was posting this graph when btc hit $1000

So OBV it's relevant now

IDIOT. WHEN I TALK U LISTEN.

[The_Lurker]

sounds like an infomercial salesman


but I just got out becuz of this, FEAR MUCH??

Everyone was posting this graph when btc hit $100..

Everyone was posting this graph when btc hit $1000

So OBV it's relevant now

IDIOT. WHEN I TALK U LISTEN.

Still wrong, when I need a bail bondsman, I will call you for advice.

[Dan Druff]

It just inched back over 7k, from a low of 6600.

This is bad news.

None of the "recoveries" from recent crashes have been very resounding, unlike past recoveries which were swift and steep.

These recoveries all have the feel of a combination of automated orders and "Hey, look, bitcoin just dropped to XXXX, it's gotta be great value at this point, let's buy some", but no one is particularly enthusiastic about it this time.

The resistance points seem quite weak.

This has been the case ever since the last over-10k rebound to 10300, where I mentioned at the time that it looked like a very bad sign (because prior rebounds were to the 11400 range or so, and that one topped out at 10300). Indeed, now we're at 7k a short time later, and not from a rapid dip, but from a few separate crashes.

Every time bitcoin has recovered from crashes, it always started with enthusiastic buying following hitting a resistance point.

This one really has the look of a march down toward early 2017 levels.

Again, if anyone thinks I am full of crap, let's set up some kind of structured bet where we set terms of how much we win/lose based upon its value on June 1. I think it will be fun.