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The effect of a stock market correction/crash on cryptos? 4 replies

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Is Bitcoin about to crash?

  • #201
  • Feb 2, 2018 2:32pm Feb 2, 2018 2:32pm
I don't trade crypts so I have no bias on this. Bitcoin isn't going to crash. Bitcoin is a great thing IMHO, but its hard to believe banks and governments will let it thrive. The big drop was expected, you didn't think it would keep moving up exponentially did you? lol. I think this is just a correction. Don't expect to move up like it did before though. I think it will be a gradual thing.
Luck Favors the Bold
  • #202
  • Feb 2, 2018 4:13pm Feb 2, 2018 4:13pm
Quoting Callitradar
I don't trade crypts so I have no bias on this. Bitcoin isn't going to crash. Bitcoin is a great thing IMHO, but its hard to believe banks and governments will let it thrive. The big drop was expected, you didn't think it would keep moving up exponentially did you? lol. I think this is just a correction. Don't expect to move up like it did before though. I think it will be a gradual thing.
you are right...sort of...
bitcoin isnt going to crash.
it has crashed!!

seriously, down like 60% from the high, but you dont want to call it a crash.
so what is a crash then???

if EurUsd would suddenly go from 1.24 to 1.90....would you say the Usd crashed? of would that be just normal course of action to you?
after all it would only be a mere 6600 pips, right?
only asking, because that is the volumen of BTCs crash...
there is always, always another trade!!
  • #203
  • Feb 2, 2018 4:28pm Feb 2, 2018 4:28pm
Quoting profitfarmer
{quote} you are right...sort of... bitcoin isnt going to crash. it has crashed!! seriously, down like 60% from the high, but you dont want to call it a crash. so what is a crash then??? if EurUsd would suddenly go from 1.24 to 1.90....would you say the Usd crashed? of would that be just normal course of action to you? after all it would only be a mere 6600 pips, right? only asking, because that is the volumen of BTCs crash...
I don't think this thin has finished crashing. We need more panic for that.

If any of the global critical markets moved as much as crypto coins the global economy/financial structure/fiat currency as we know it would have collapsed in a day. For a financial entity to loos more then half of base value in a month, usually results in chapter 11.
  • #204
  • Feb 2, 2018 4:38pm Feb 2, 2018 4:38pm
Quoting Montrealer
{quote} I've got more expeience since then More ICO crap is on the way, capital will flow into new criptos, so Bitcoin will be literally annihilated (Sub 1000$ and sub 100$ eventually). New real boomers are coming.
Good for you.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #205
  • Feb 2, 2018 5:06pm Feb 2, 2018 5:06pm
Quoting profitfarmer
{quote} you are right...sort of... bitcoin isnt going to crash. it has crashed!! seriously, down like 60% from the high, but you dont want to call it a crash. so what is a crash then??? if EurUsd would suddenly go from 1.24 to 1.90....would you say the Usd crashed? of would that be just normal course of action to you? after all it would only be a mere 6600 pips, right? only asking, because that is the volumen of BTCs crash...
Well you cant really make that comparison. How many countries and big businesses use currencies for their exchange of goods and investments? That would be indeed a crash and therefore a big issue. BitCoin "crash" has no impact in people's lives. It affected the traders, but thats about it. Again, do you think that BitCoin could have kept moving exponentially up the way it was? Of course it was a bubble. People that bought at the bottom started to take their profits after the newbs jumped on the hype. Most of those people that are now losing money, can't evaluate and/or don't understand anything about trading are holding their pants. (Im not talking about the scalpers). Anyway, its not a crash when its to be expected. The last batch of people that jumped in had only one purpose: to be slaughter. They helped to bring the price to its peak so the people that did evaluate BitCoin correctly right from the beginning could close their trades. Lets face it, this drop is not due to mickey mouse investment. I guess they didnt learn anything from Mr. Rothchild and the crash of 1814.
Luck Favors the Bold
  • #206
  • Feb 2, 2018 8:40pm Feb 2, 2018 8:40pm
Quoting Callitradar
{quote} Well you cant really make that comparison. How many countries and big businesses use currencies for their exchange of goods and investments? That would be indeed a crash and therefore a big issue. BitCoin "crash" has no impact in people's lives. It affected the traders, but thats about it.
Hundreds of billions $$$ "infested" into scriptos, how come it has no impact on peoples' lives? Banks don't trade their own money - those are mostly people's money. It is a bubble because BScoin's real value is a 0 + few cents. Unlike USD and Euro that are backed up by UNLIMITED government fiscal means - taxes and CBs' rates.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #207
  • Feb 2, 2018 11:10pm Feb 2, 2018 11:10pm
Quoting Callitradar
{quote} Well you cant really make that comparison. How many countries and big businesses use currencies for their exchange of goods and investments? That would be indeed a crash and therefore a big issue. BitCoin "crash" has no impact in people's lives. It affected the traders, but thats about it. Again, do you think that BitCoin could have kept moving exponentially up the way it was? Of course it was a bubble. People that bought at the bottom started to take their profits after the newbs jumped on the hype. Most of those people that are now losing...
In the proposed crypto utopia, ( and I don't want to go there what it is backing all those crypto vs any fiat currencies, really), where more ppl use bitcoin...or satoshi, or whatever the smaller than that, after all there is 7.5 billion ppl supposed to be almost fairly sharing some point 21 million BTC....yeah, right. So what would be the difference to not have 100$, or not have 0.00001 bitcoin in the ewallet?,........ a 60% change in month or so, or a 20% change in a day would effect people life, and not in a small way.

That it was expected or not, secondary to the fact that such change in price falls in the category of "crash".

As a side note:
Personally, I don't care too much.
That bitconnect ponzi was still not enough for the idiots, and mind you same schemes coming out near daily, is not surprising one way.
If ppl want to believe that 1% a day interest is possible and easy just because some website with a " white paper" says so, they are free to lose whatever they want.
Only wish to see that online scammers and knowing promoters go to jail same like Madoff, and others from the 'real world'
there is always, always another trade!!
  • #208
  • Feb 5, 2018 1:41pm Feb 5, 2018 1:41pm
As I wrote earlier Bitcoin is approaching 1000$ level and eventually sub 100$. That's it for the biggest Ponzi in human history.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #209
  • Feb 22, 2018 1:34pm Feb 22, 2018 1:34pm
In almost exactly the same way:

Bitcoin Mania = Tulip Mania
  • #210
  • Feb 23, 2018 5:24am Feb 23, 2018 5:24am
Quoting alphadude
In almost exactly the same way: Bitcoin Mania = Tulip Mania
No way! You can't dice Bitcoin and softly fry it in a little butter.....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #211
  • May 6, 2018 3:17pm May 6, 2018 3:17pm
Quoting Exodus
{quote} No way! You can't dice Bitcoin and softly fry it in a little butter.....
lol; at least you can grow tulip in your garden, bitcoin? good luck


The rise of Tulip CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

the funny thing is the Trade Explorer, looks just like that, a crash of Tulip price, and a crash of Bitcoin

Attached Image (click to enlarge)
Click to Enlarge Name: sc_20180506-201833.png Size: 49 KB


Now who is the crybaby!
Attached Image (click to enlarge)
Click to Enlarge Name: tulip,bitcoin1.png Size: 880 KB
Attached Image
  • #212
  • May 14, 2018 1:41am May 14, 2018 1:41am
Quoting cat
{quote} No I wasn't. I have been posting on ff for seven years, and I have had run ins with many arrogant smart asses who think it is clever to patronize others with their self-appointed wisdom... " I have seen this many times...relax ". He wasn't discussing or sharing thoughts, he was attempting to demonstrate, after the event, how smart he is. I should respect that should I? You can, I don't. Last week's 45% fall was predictable was it? Show me then just where you predicted it here on ff during the past couple of weeks, and I will show more respect...
Hi.
Mr. Not-KPMG is not here for the moment.
But he told me that he thinks some people here are quite justta big mouth and if not affraid to talk with smart person, go to here:
https://www.forexfactory.com/showthr...5#post11054335
and discuss past and future of crypto and predictions."

(don't kill the messenger!) lol
Member
  • #213
  • Edited May 20, 2018 4:13am May 19, 2018 11:19am | Edited May 20, 2018 4:13am
Quoting cat
{quote} No I wasn't. I have been posting on ff for seven years, and I have had run ins with many arrogant smart asses who think it is clever to patronize others with their self-appointed wisdom... " I have seen this many times...relax ". He wasn't discussing or sharing thoughts, he was attempting to demonstrate, after the event, how smart he is. I should respect that should I? You can, I don't. Last week's 45% fall was predictable was it? Show me then just where you predicted it here on ff during the past couple of weeks, and I will show more respect...
Ok, so you're just gonna lay there admitting you're not able to argue with smart people?! Incredible!!! I thought you can do much better

Not-KPMG told me smth. like: "...man, can you belive that?!! Cat, is not a cat ...it's a weasel that can't argue and can't see the truth or the chart even if it hits him"

...ouch!
Member
  • #214
  • May 22, 2018 3:08am May 22, 2018 3:08am
Quoting Callitradar
I don't trade crypts so I have no bias on this. Bitcoin isn't going to crash. Bitcoin is a great thing IMHO, but its hard to believe banks and governments will let it thrive. The big drop was expected, you didn't think it would keep moving up exponentially did you? lol. I think this is just a correction. Don't expect to move up like it did before though. I think it will be a gradual thing.
I think BTC is not appropriate for retail trader, but it’s for the long time investor! Same here, till now I have never opened any single position on BTC/USD.
  • #215
  • May 25, 2018 1:58am May 25, 2018 1:58am
Hi Bitcoiners,

Quick post. BTC looks like it may be in big trouble again. The Daily chart looks set for another push down, maybe to as low as $4000.
  • #216
  • Jun 10, 2018 6:43am Jun 10, 2018 6:43am
Quoting cat
Hi Bitcoiners, Quick post. BTC looks like it may be in big trouble again. The Daily chart looks set for another push down, maybe to as low as $4000.
But I see, many experts are expecting the price will increase in the world cup football 2018 session once again as like the last year.
  • #217
  • Jun 10, 2018 8:33am Jun 10, 2018 8:33am
Quoting MariaEduard
{quote} But I see, many experts are expecting the price will increase in the world cup football 2018 session once again as like the last year.
Just as all the 'experts ' were calling 50,000, 100,000 days before it collapsed. Who knows what effect the World Cup will have on it if any, but one thing's for sure - the 'experts' haven't got a clue.
  • #218
  • Jun 10, 2018 3:07pm Jun 10, 2018 3:07pm
Quoting cat
{quote} Just as all the 'experts ' were calling 50,000, 100,000 days before it collapsed. Who knows what effect the World Cup will have on it if any, but one thing's for sure - the 'experts' haven't got a clue.
Maybe, but I see day by day the popularity of crypto currencies have been increasing gradually.
  • #219
  • Jun 10, 2018 3:16pm Jun 10, 2018 3:16pm
Quoting cat
Hi Bitcoiners, Quick post. BTC looks like it may be in big trouble again. The Daily chart looks set for another push down, maybe to as low as $4000.
$1000 drop today. Its only hope now is a triple bottom, otherwise it's down to $4,500.
  • #220
  • Jun 10, 2018 7:36pm Jun 10, 2018 7:36pm
5000.... is the last support crucial point for current range...according to its bounce before..
Imho...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -803
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