Bitcoin continues to drop in value (December 11, 2018)

MatMackenz

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Yes, I have been slowly grabbing some (imo) cheap BTC and ETH during this downswing.

Bitcoin is like a good poker player.. Always winning in the long-term, but encounters a big downswing from time to time.
 
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Pablo22

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MatMackenz said:
Yes, I have been slowly grabbing some (imo) cheap BTC and ETH during this downswing.

Bitcoin is like a good poker player.. Always winning in the long-term, but encounters a big downswing from time to time.
Click to expand...
What do you think Bitcoin could bottom out at?
 
TudorPithon

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in my opinion crypto it's TRAP....
 
Danoncebay

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Sooner or later, there were price reductions. I already see many in bankruptcy, there are people who have sold all for the BTC :(

 
malakata19

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Now is the best time to invest, the price is going up later in 2019....
 
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kristersb123

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I think it's worth to invest in BTC, because you can get them cheaper now.
A lot of people are saying that it can really blow up so I think yes
Don't sell your BTC guys, be patient and wait
 
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SkorpiosMC

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we will rock you

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so glad i cashed out before it fell out glad i made profit
 
antonis32123

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To tell the truth , watching many so excited with the bitcoins/cryptocurrency , I have not been able to undersand it since the first day . I didn't like it from the beginning , but I hope everything goes better for those that have invested on the cryptocurrency , it's a pity to lose money that way :)
 
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Richardszabo

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Crypto currencies are the future means of payment. I think paper-based payment instruments will disappear completely in the future. Such a price drop is only manipulation, which can not be sustained in the long term. I'm not worried about the drop in crypto.
 
Poker_Mike

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Richardszabo said:
Crypto currencies are the future means of payment. I think paper-based payment instruments will disappear completely in the future. Such a price drop is only manipulation, which can not be sustained in the long term. I'm not worried about the drop in crypto.
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Blockchain is the future of means of payment. Individual cryptocurrencies may or may not be around for the rest of your life.

The price drop is NOT the manipulation. The price spike WAS the manipulation and now that the manipulation has ceased (for now) the price is plummeting because there are no market fundamentals to support it.

Be careful with this stuff.....there is no good reason why bitcoin or etherium should be any particular price. It is priced at whatever the market makers want it to be.

Good luck !
 
KristaK

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so many people say that bitcoin is a scam, i tried to get some but with so many different wallets and all the different bitcoin kinds, i gave it up ... too confusing and scary for me, to get the right one and not be ripped off


I wanted to get some to use to deposit on poker sites
seems they all want them and give the best bonuses if you sure them

I went to a place that has a bitcoin ATM and asked the business owner of the place if he could explain to me .. said he not have a clue, someone pays him monthly to have the machine there.. said has been a lot of trouble with the machine and so often maintenance comes and he hopes people don't lose money - YIKES

please people that use bitcoin to deposit on pokersites .. please what wallet you recommend and why version of bitcoin??
 
Kanetuck

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shells_bells_53 said:
A year ago Bitcoin was valued at $17,399.00 and as of closing yesterday was valued around $3,000.00. With the decline in Bitcoin, would you continue to invest?

Poker Twitter Noticeably Silent as Bitcoin Plunge Continues
Click to expand...
Yes. I believe it will rebound. The idea behind it is sound. I have heard some predictions that after the Bitcoin is mined out it might hit 100,000. So, considering the potential increase along with the ease of use, especially if playing poker, I could definitely see investing in two or three coins if finances permit.
 
VIP_TARIFF

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Bitcoin as it falls, can also grow at any second, bitcoin now, as I know, is unpopular already. If I honestly don’t understand, how does it grow and fall, what does it depend on?
 
LavaStorm

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shells_bells_53 said:
A year ago Bitcoin was valued at $17,399.00 and as of closing yesterday was valued around $3,000.00. With the decline in Bitcoin, would you continue to invest?

Poker Twitter Noticeably Silent as Bitcoin Plunge Continues
Click to expand...
I wouldn't invest now in bitcoin even if it seems to be a great oportunity these days that the price has droped so much, but i beleave that the price will rise up a lot more than the pic of the last time! good luck to everyone!
 
Moshimorov

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Richardszabo said:
Crypto currencies are the future means of payment. I think paper-based payment instruments will disappear completely in the future. Such a price drop is only manipulation, which can not be sustained in the long term. I'm not worried about the drop in crypto.
Click to expand...


I personally think the manipulation was in the inflation. Reminds me of the 'asset backed paper' issue the investment community lost their shirts on, turned out there wasn't really any assets or the assets devalued to the point the investment was below water. Certainly we will go 'cashless' but that dosent mean ' crypto' will survive in its present form.
 
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GameTooHard

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I honestly haven't seen a good argument for putting even marginal capital into crypto. I don't see how the volatility is manageable, especially relative to other investment vehicles.

With that being said if it wants to do something like drop below around $1000 I'd probably buy during the dip of the next recession.
 
Mikica1122

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who sold it in time, that's good. Bitcoin has no future, that's for sure. Do not waste time and money
 
Dmitriy_rus7

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Do not you think that it was a soap bubble that burst? Or financial pyramid
 
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