BITCOIN GETTING MURDERED Tonight

Discussion in 'Bullion Investing' started by goldcollector, Mar 17, 2017.

  1. Clawcoins

    Clawcoins Well-Known Member

    It's interesting because you can overlay the charts from Bitcoin, Ethereum and LiteCoin and they are similar in many regards over certain periods of time.

    Other instances LiteCoin (the least used of the 3) gets hit, then Ether gets hit .. then Bitcoin .. like Dominos.
     
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  3. Lesbian Cow

    Lesbian Cow Member

    Oh my lord guys, bitcoin is getting murdered again...we are all the way down to 1 bitcoin = 8,024 USD....
     
  4. Santinidollar

    Santinidollar Supporter! Supporter

    Lower highs after a dip. Not good.
     
  5. Lesbian Cow

    Lesbian Cow Member

    Depends where you define you highs and lows....

    [​IMG]
     
  6. Lesbian Cow

    Lesbian Cow Member

  7. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    The graph is still the classic “bubble”.
     
  8. Lesbian Cow

    Lesbian Cow Member

    Hi V. Kurt Bellosaur, what you are looking at on that chart are 4 distinct "bubbles".

    The first goes from 2 USD to 32 USD in 2012 and subsequent crash to 5 usd. The second "Bubble" took bitcoin to 252 in Spring of 2013 followed by a crash to the 50's. "Bubble" #3 occurred in the Fall of 2013 taking bitcoin to a high of over 1000 usd each and the bear market which followed went down to 200 USD.

    We just had "Bubble" #4 which got us as high as 19,000 USD.

    These are not bubbles, in my opinion, but waves of new adoption. Very similar pattern to how many new technologies have been adopted by the main stream public. It has been an incredibly fun and profitable ride, have you enjoyed jeering from the sideline?
     
  9. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Well then you're wrong. Simply "Google" "anatomy of an asset bubble"; read, and learn. You sound like someone who got in too late and now is consumed with how to "pump and dump" their Bitcoin, just like all the silver promoters on this site.
     
    Last edited: Apr 15, 2018
  10. Lesbian Cow

    Lesbian Cow Member

    -jeffB likes this.
  11. HawkeEye

    HawkeEye 1881-O VAMmer Supporter

  12. Lesbian Cow

    Lesbian Cow Member

    That is my return, obviously. I just got done, fun check to write actually.

    I have always been happy to pay taxes, I just wish the funds were used a bit differently.

    To keep it coin and silver related, here is a Casascius Silver 1 BTC. There is a private key for 1 BTC under the hologram. https://imgur.com/RAA3Xp3
     
    Last edited: Apr 15, 2018
    -jeffB likes this.
  13. -jeffB

    -jeffB Greshams LEO Supporter

    Hope you don't mind, I pulled a copy of that adoption-curve image to post directly.

    adoption-curves.jpg
    This is an interesting chart. But you know what I'd really like to see on it?

    CB radios.

    VCRs.

    Betamax VCRs.

    Fax machines.

    Film cameras.

    My point: some technologies display bumps on their way to "full" adoption -- but some never get fully adopted, or get fully adopted, then abandoned. The only way to tell the difference between a "dip" and a terminal decline is in hindsight.

    I'm glad I didn't buy Bitcoin at $15K, but I still have very low confidence that it will go to zero (or sub-$1000). In fact, I have very low confidence that it won't surge into six figures.

    But I guess it's part of my nature to have low confidence in things, and to avoid speculating heavily in things I'm not confident about. That means I'm unlikely to Get Rich Quick, and maybe unlikely to get rich at all.

    Oh, and congratulations on your windfall. You should put some of it into a nice coin or two, and post them here! :)
     
  14. Lesbian Cow

    Lesbian Cow Member

    Hi jeffB,

    I agree with all you said above 100%. Bitcoin could be myspace or betamax - but also consider that from myspace and betamax came facebook and all the digital media we have now. Bitcoin may ultimately not be the successful crypto, but I think it has shown crypto currency has a real life use case.

    Back in 2013 I was considering buying a fancy range rover for a car...instead I bought a VW and invested the difference in bitcoin as it was an amount I could afford to lose/waste on a fancy car. So far, so good....

    I have bought some nice coins with some of the proceeds, as well as property and bullion.
     
    asheland likes this.
  15. hchcoin

    hchcoin Member

  16. hotwheelsearl

    hotwheelsearl Cheap B-Tard

    I bought 0.0007 BTC and I’ve already made $1.00!
     
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