Crypto Currency Thread

[anonymous-user]

So is the crypto market crashing or is everybody HODL ing because "it will come back, it always does"?

I suspect that 99% of people who piled in over the last 6 weeks will have actually lost money.

As I said earlier, I am calling Kodak coin as peak bubble.

[p1stonhead]

Joey Deacon said:

So is the crypto market crashing or is everybody HODL ing because "it will come back, it always does"?

I suspect that 99% of people who piled in over the last 6 weeks will have actually lost money.

As I said earlier, I am calling Kodak coin as peak bubble.

Bitcoin has nigh on halved in the month. It does it quite regularly IIRC.

Anyone jumping in recently will be hurting indeed.

[anonymous-user]

I doubled my money now back to were I started. In the past any big dip has been followed by a rally. Xrp hasn't done well half value in a week.

Edited by The Spruce goose on Tuesday 16th January 08:36

[anonymous-user]

p1stonhead said:

Joey Deacon said:

So is the crypto market crashing or is everybody HODL ing because "it will come back, it always does"?

I suspect that 99% of people who piled in over the last 6 weeks will have actually lost money.

As I said earlier, I am calling Kodak coin as peak bubble.

Bitcoin has nigh on halved in the month. It does it quite regularly IIRC.

Anyone jumping in recently will be hurting indeed.

I remember back in mid December when Bitcoin went crazy for a day and hit £14,867 on coinbase. It was incredible to watch, people who had never heard of Crypto before were talking about it and everyone wanted in. The exchanges kept going down as they just couldn't keep up with demand and in the space of a month it has lost nearly £6K.

As you say, people who jumped in not knowing what they were doing and expected to double their money will be hurting.

I suspect that a lot of this is newbies cashing out with a loss as they are worried about losing it all.

Edited by anonymous-user on Tuesday 16th January 08:33

[p1stonhead]

People on here were complaining that they could only chuck something like a grand a day at this due to exchange limits. Lunacy.

[anonymous-user]

the problem is the high volatility, even a con like xrp, which was never set up to be so volatile.

[MethylatedSpirit]

p1stonhead said:

People on here were complaining that they could only chuck something like a grand a day at this due to exchange limits. Lunacy.

Only if you're a new user. Which is actually quite sensible.

[anonymous-user]

p1stonhead said:

People on here were complaining that they could only chuck something like a grand a day at this due to exchange limits. Lunacy.

I was one of them at the start, it was only when I transferred my bitcoin to binance and started buying Alt coins I started to think this whole thing was exactly like every bubble in history and got out two weeks ago.

Was up 60% in mid December, when I sold I was 15% down on my initial investment. I think If I had held on I would be lucky to have 50% on my initial investment now.

It was fun, glad I was part of it and I learnt a hell of a lot but I am pleased I only invested £1100.

[Daaaveee]

Another blood bath this morning. I definitely think we're seeing the correction from the December spike now.

[Behemoth]

The Spruce goose said:

Seems like black Monday a lot of red any ideas why?

More China ban fud. Monday's dip could have been down to advance knowledge of this. China is banning use of exchanges home & abroad. The key point about this is being missed. They specifically ban use of centralised exchanges. I totally agree with the National People's Congress on this one They are a huge single point of failure risk and have shown themselves largely unworthy of the trust crypto holders give to them.

But crypto is anti-fragile, BTC in particular. You'll now see P2P exchanges ramp up their user base & technology deployment. Once platforms like bisq.network & technology like atomic swaps are fully in play, few will need to be concerned about exchanges.

https://www.reuters.com/article/us-china-bitcoin/p...

Edited by Behemoth on Tuesday 16th January 09:27

[budgie smuggler]

Anyone else buying?

[Dan_1981]

budgie smuggler said:

Anyone else buying?

Considering ltecoin.

Not been this low for a while.

[limpsfield]

Just when you think things are crazy enough, the ridiculousness gets turned up to 11. Ripple down 60% in two weeks.

Cryptos make AIM shares look like a safe haven.

[PaulDoosly]

I think its a buy time as well, I was in via Hargreaves Lansdowne and the Bitcoin Investment Trust but can't buy anymore.....any suggestions? Just looking at Grayscale ( which seems rather GOT but there you go )

[dimots]

budgie smuggler said:

Anyone else buying?

[essayer]

Ouch, XBT $11500 and dropping.. loads of margin calls

[anonymous-user]

got to be one of the worst days i've seen, xrp lost 12% in an hour.

[Behemoth]

Cheap coins for anyone wanting to enter this market. There are always complainers when it moons, yet these same people are too timid to enter the market when there are bargains to be had. If you're feeling like this right now, crypto probably isn't for you. BTC had its year lows in mid January in 2015, 2016, 2017. Might that be a pattern? Maybe, maybe not, but it's great timing for the city bonus season

[p1stonhead]

Behemoth said:

Cheap coins for anyone wanting to enter this market. There are always complainers when it moons, yet these same people are too timid to enter the market when there are bargains to be had. If you're feeling like this right now, crypto probably isn't for you. BTC had its year lows in mid January in 2015, 2016, 2017. Might that be a pattern? Maybe, maybe not, but it's great timing for the city bonus season

'wouldnt want to be out over the weekend!'

[shibby!]

PaulDoosly said:

I think its a buy time as well, I was in via Hargreaves Lansdowne and the Bitcoin Investment Trust but can't buy anymore.....any suggestions? Just looking at Grayscale ( which seems rather GOT but there you go )

Im through HL too.

Im in XBT Provider AB - Bitcoin & Ethereum.