Discussion in 'Bullion Investing' started by Tyler, Apr 1, 2013.
As of 3:53 AM Eastern Time, BTS is now down to $4397.33.
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It appears (for now), $4380 is the 2018 low for bitcoin. Currently rebounding (dead cat bounce?) by going back up to $4491.
The current rebound (dead cat bounce?) continues. Currently at $4500. Up $120 from the new 2018 low of $4380.
Bitcoin currently at $4531.64. Up $151.64 from the 2018 low of $4380. A dead cat bounce? You decide.
When I used to watch these numbers more closely, daily lows frequently occurred during the middle of the night (in USA) and then as the country woke up the price would climb.... Not to say it won't go down again...
This from CNBC.
Bitcoin celebrates Thanksgiving with a new 2018 low. It is currently at $4347.30 (down 5.13%) according to coinmarketcap.com.
If LC is really going to buy at $4200 I think that's a mistake.
This current trend is going to $3000 and below. The fundamentals are not there, the price manipulation is pretty much proven and this is going to go all the way down.
$1000 or below in 2019. The fascination is over the reality is going to set in.
Actually, based on news that I found I think that the 2018 bitcoin low occurred on Tuesday (November 20, 2018) when it $4076.59. Whether $4076 still be the 2018 low or break that level on the downside before 2018 ends remains to be seen.
Yeah I have to agree with that because once it broke the $6300 - $6500 level it just kept going down hitting a 2018 low (so far) of $4076. It is keeps going down and breaks $3000, then I will not be surprised at this point.
My buy did get executed at 42xx sold on bounce at average 4437. Now have small buy at 4077 and large buy at 32xx. Happy trading and happy Thanksgiving.
Edit to add: I remember people saying similar to what you are saying above it was 2013 and bitcoin were 100 usd each.
In regards to BC you can't compare 2013 to 2018. Completely different phenomena, psychology, economic trading platforms, hacking, price manipulation etc. It's not the same thing at all.
As someone who was involved heavily in btc in 2013 and now I disagree with you 100% Same psychology, same price action. Only difference is the price is 40 times higher in usd terms.
Here's my Money Honey song mix from myspace (remember myspace?) - enjoy some tunes while you watch bitcoin go for broke
Yeah, jumping back in to play the volatility makes sense if you have time enough to stay on top of it, but please don't wreck your future banking on another meteoric rise.
It's not the same thing at all.
It's still called Bitcoin. That's the only thing that is the same.
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