BitCoin is down in DEATH SPIRAL and now under 4000 USD

Why yes I cannot believe it’s being sustained above $3,000. I like Floyd MAYweather but the SEC came down hard on him for the BS hype. Charlie tells me it’s tulip turds

Suck the TRUTH through a garden hose wrote:

From Death Spiral to Resurrection Rainbow wrote:

Well BTC has held firm at the 4000 USD level for yet another time, so by now you have to wonder where the upper resistance will come from when the momentum heads north. The 5000 USD level wasn't too robust going the other way, so you have to think it could zoom right through, with really no other limitations in sight.

honestly, you are fuucking retarded.

It will be closer to $400 than $4000 within the next year

Does that sound like it might be a little bit uncomfortable for you?

For example:

I am sorry about that.

Stocks are closed today but the bitcoin is always trading

Suck the TRUTH through a garden hose wrote:

It will be closer to $400 than $4000 within the next year

And how much cold, hard cash are you willing to bet on that?

eurodonkey wrote:

Suck the TRUTH through a garden hose wrote:

It will be closer to $400 than $4000 within the next year

And how much cold, hard cash are you willing to bet on that?

I choose not to gamble on worthless artificial gold turds

Can someone please explain to me why bitcoin is worth anything? What exactly does it do for people?

MadNman wrote:

Can someone please explain to me why bitcoin is worth anything? What exactly does it do for people?

Idea was to by-pass central banks. It would have (death of bit coin is a matter of time) shifted power from those who have huge equity positions in large banks to those who have huge positions in bit coin. The bit coin buyers thought they were going to be the future Bank of America, Citibank and JP Morgan gals and guys.

BTC down to 3600 USD, ... *BUT*, Satoshi Vision BTC's (BSV) up +12%.

You just had to pick the right brand, to be a winner.

1 Bitcoin $63,372,594,289 $3,640.02 -4.37%

5 Bitcoin Cash $2,028,457,005 $115.94 -14.57%

8 Bitcoin SV $1,754,984,303 $100.41 +12.40%

22 Bitcoin Gold $249,128,418 $14.33 -8.11%

37 Bitcoin Diamond $123,334,504 $0.802140 -9.60%

81 Bitcoin Private $38,410,403 $1.87 -10.88%

Fools + Horses wrote:

https://medium.com/@omid.malekan/rumors-of-the-decline-of-the-blockchain-industry-have-been-greatly-exaggerated-3b897ace508f

Wow! A business writer and an admitted investor in bit coin and bit coin related nonsense does not want bit coin or related trading entities to go down, so he says bit coin and related nonsense will not go down.

GULP. Down to 3400 USD!

I guess only the Satoshi Vision Bit-Coins are sailing high....

1 Bitcoin $59,299,621,344 $3,405.94 -9.45%

5 Bitcoin SV $1,933,918,887 $110.65 +24.00%

7 Bitcoin Cash$1,759,229,867 $100.55 -20.88%

eurodonkey wrote:

Suck the TRUTH through a garden hose wrote:

It will be closer to $400 than $4000 within the next year

And how much cold, hard cash are you willing to bet on that?

zero.....why would I? anyone who pretends it's any more than blind drunken speculation is fooling themselves.

ok i'll live dangerously....I will sell you one bit coin in one year for $4,000.......you in?

I wouldn't be surprised if this "sudden" downfall isn't a planned psy-op from some Naked Short Sellers looking to price-manipulate for their own ill-found gain. It's been done before. Or it could be like the Circular Gold Trading between bullion banks (usually with unbacked Paper), aimed to keep the price down (or inversely, the fiat value up).

Know it When I See it wrote:

I wouldn't be surprised if this "sudden" downfall isn't a planned psy-op from some Naked Short Sellers looking to price-manipulate for their own ill-found gain. It's been done before.

This doesn't work in big markets. Too many people might see it as a buying opportunity. It could work in a small company (this is what pump and dump strategies do - see Boiler Room and Wolf of Wall Street).

Bitcoin has been falling for one year though, so it's not sudden.

Know it When I See it wrote:

I wouldn't be surprised if this "sudden" downfall isn't a planned psy-op from some Naked Short Sellers looking to price-manipulate for their own ill-found gain. It's been done before. Or it could be like the Circular Gold Trading between bullion banks (usually with unbacked Paper), aimed to keep the price down (or inversely, the fiat value up).

The pessimistic sentiment around bitcoin prices saw the number of shorts hit a six-week high on Thursday.

At press time, BTC/USD short positions on the cryptocurrency exchange Bitfinex jumped to 37,891 – the highest level since Oct. 15 – and were last seen at 36,996. Notably, shorts have risen by 95 percent in the last three weeks, accompanying BTC’s recent drop to 14-month lows near $3,500.

More importantly, the short positions remained elevated above 35,000 during BTC’s oversold bounce from $3,500 to $4,400 and climbed to fresh multi-week highs on Thursday. Further, the long-short ratio of 0.73 is biased toward the bears.

The price of ether (ETH) fell to 19-month lows just over $80 today and is now down 94% from its January peak. Ether’s dollar-denominated exchange rate (ETH/USD) slipped to $81.30 at 02:15 UTC.

Notably, ETH/USD short positions on cryptocurrency exchange Bitfinex rose to a record high above 340,000 soon before press time – up 183 percent in the last three weeks. Meanwhile, long positions have dropped to the lowest since Sept. 12, as seen in the chart above.

"Such extreme positioning is usually a sign of oversold conditions and presages market bottoms."

Morgan Creek Digital, an institutional manager focused on cryptocurrencies and digital assets, wants to bet $1 million that such assets will outperform the S&P 500 during the next 10 years. The asset manager is challenging any professional investor or firm that believes cryptocurrencies are “worthless” or that public equities are a better bet to prove their belief with a long-term bet against the Digital Asset Index Fund, a crypto index fund managed by Bitwise Asset Management. The bet will begin on Jan. 1, 2019 and conclude in 2029 – should any investors take Morgan Creek up on their proposition.

The bet will be structured like the famous Warren Buffett bet, which began in 2008 when the billionaire investor wagered $1 million that investing in a S&P 500 index fund would see a greater result than investing in hedge funds.

Buffett won his bet earlier this year.

Buffett Bettor wrote:

Morgan Creek Digital, an institutional manager focused on cryptocurrencies and digital assets, wants to bet $1 million that such assets will outperform the S&P 500 during the next 10 years.

The asset manager is challenging any professional investor or firm that believes cryptocurrencies are “worthless” or that public equities are a better bet to prove their belief with a long-term bet against the Digital Asset Index Fund, a crypto index fund managed by Bitwise Asset Management.

The bet will begin on Jan. 1, 2019 and conclude in 2029 – should any investors take Morgan Creek up on their proposition.

The bet will be structured like the famous Warren Buffett bet, which began in 2008 when the billionaire investor wagered $1 million that investing in a S&P 500 index fund would see a greater result than investing in hedge funds.

Buffett won his bet earlier this year.

Why does he only want to bet $1m?