Bitcoin Prices are Falling - Here is what I think
The price of Bitcoin has taken a major dip in the past few hours - is it the sign of a Bitcoin Bubble?
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It's time for Bitcoin to be swept aside in favor of a newer, better solution.....Bitcoin Cash!
I just posted a rant about Bitpay not working with Exodus wallets. Basically, I have to transfer my BTC from Exodus to Electrum ($50 cost) before I can send it out over the BitPay network (yet another transaction fee).
https://steemit.com/bitcoin/@sirstacksalot/bitcoin-payment-protocol-sucks-for-us-exodus-users
I hope BCH stomps the SH#*# out of BTC for that reason alone!
HODL HODL HODL
I bought some more
This is more a correction than a crash in my opinion, since the price movement was not triggered by bad news or any kind of fundemental change
Bitcoin bubble !!! I’m tired of those 2 words . If everyone only invested what they are willing to lose . Things would be very different. But Greed and fear are what cause this spikes and drops. This is new and till the world learns that greed is not healthy it won’t reach its full potential.
good work happy holiday
Thank you O Bitcoin Lord. You have blessed me again today. I bow down in reverence to you. Please give me the strength to buy all future price dips when you wash out the weaklings, non-believers and pussies. Your blessings continue to overflow. Please guide my lost goldbugz friends out of the darkness and into the light that is Bitcoin. I realize they have thick skulls and small dicks, but alas, you have blessed me in both my pocketbook and my nether regions.
I didn't expect the nice gift of buying the bottom of today's dip in price, but your strength and guidance have never failed me. I know you may cast the goldbugz and non-believers upon the rocks and crush them into oblivoin while they cling to the false prophet of shiny metal coins. If that is to be, then so be it. I am honored to be one of your true believers.
retracements are healthy for the market...
I was curious however how was it that all the markets dropped around 30% in less than 12h ..
looks to me like there is still a strong correlation to the btc price , throughout the market , would you agree wiht me on that Michael ?
There is obvious relation of every altcoin to bitcoin because everything is being traded against bitcoin. All of us want to increase our bitcoins so this dump has pushed panic button to sell all we got.
On Binance, you are also able to trade against LTC, ETH, and BNB, which makes it a little more convenient. I beginning to see altcoins as an investment opportunity like the stock market, where you buy low and sell high. So the concept of holding the coins and hoping to make money by just waiting for low periods could prove to be a waste of time. If played well, $500+ could be made easily in about 30 minutes, especially with BTC's fluctuating price right now. What's awesome about this is you can buy and sell altcoins 24/7.
I would agree, although much of it is likely to be psycological.
You inspired me to write this: BTC is dead! Long live BTC!
Great content
Hi Michael, even though your assessment on cryptocurrencies are to be considered as your personal opinion and not to be taken any expert analysis, but your opinion matter to some extent.