Bitcoin Price Smashed Back to $800 Level!
8 years ago in #bitcoin by hilarski (76)
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Fear has no place anywhere. It's irrational.
Yet, the majority of folks live their lives guided by it. Such a sad state of affairs in the world.
Fear is rational, it is an aversion to something potentially damaging. The actions people take when dealing with fear can be irrational.
Good points in this post. Same mindset here. The current total market cap of all cryptos might seem high but blockchain is here to stay and will involve all our lives. I do see a bright future for everyone that's hold's their coins with a long term vision. An interesting website I found: https://www.coincheckup.com Supposingly they researched every crypto coin in the scene based on: the team, the product, advisors, community, the business and the business model. They even score the coins stengths. See: https://www.coincheckup.com/coins/Bitcoin#analysis For the Bitcoin Indepth analysis.
Previous resistance now becomes support? Or does it? ;)
All I know is that I know nothing. ; )
Trading... the most humbling endeavor on the planet! ;)
It sure is!
Tweeted on @RandyHilarski
Waiting until it drops to USD500 :)
Wow, we will see. I hope so, I would like to buy some more at that point.
I can't believe it's hanging there at around 750$. I can't believe it won't be back to around 850$ in less than 24 hours.
No miners have unplugged yet a lot are mining at a loss if the price stay there.
https://bitcoinwisdom.com/bitcoin/difficulty
I tried to tell everyone a couple of weeks ago that the price rise wasn't sustainable and that it would come back down to the $750 - $800 level. Did anyone listen to little ol' me?
I did, put my shorts in and then freaking closed them after waiting for hours. Maddening.
I dont know enough about it to get involved. I am trying to train my old brain its just not coping well lol :)
Buying Bitcoin and holding it long term is always a good strategy.
Its knowing what I am holding onto that baffles me
Follow and upvoted. :)
Bitcoin is so volatile right now. I am curious to see if it will stabilize back at the $800 mark.
I suspect that $700 will be the new floor.
i hope it drops more :) I want to invest on btc :) tnx for sharing
upvoted and followed!
Me too, I think $700 is fair. Followed.
I went to bed with a sell order of $918 and a buy order of $870. I was quite surprised to wake up and find them both filled. :)
So volatile! It really needs to calm down for folks to gain confidence. Great for traders, not so great for regular folks.
Looks like the Chinese are cashing out.
I believe it is the FUD being generated in China.
Doesn't change any of my automatic buys ;)
Just set the buy orders ridiculously low and who knows, they might fill.
Good blog @hilarski as usual my friend
Chris video is to the point , this man is talented in market analysis ( Stock and crypto ) , i saw him make some prediction come true
I like the idea about trader group , didn't do that before , if you find any trusted group please let me know
I singed to Bitmex from your link , look fine so far but i don't think i will buy any BTC before some stabilization , thank God i traded half of my BTC with Altcoin , it has some losses too but at least i saved my stomach from Nausea , it was a blood bath .
Good to see you ready to fight BTC bear again