Hope its not some stupid shit chinese are pulling
Leave DNM currency alone yo chinatown mother fuckers
Almost $500 drop in the last 1 week. Think imma have to go out of the game for a while
FML
Wtf is up with BTC price lately? Its tanked to $750!!
Hope its not some stupid shit chinese are pulling
Leave DNM currency alone yo chinatown mother fuckers
Almost $500 drop in the last 1 week. Think imma have to go out of the game for a while
FML
[65 Points] xanax_xombie:
[45 Points] Borax:
What do you mean "lately"? This is Bitcoin gentlemon
[38 Points] AutoModerator:
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[24 Points] None:
Fuck boys, I lost 3.27$. But for real, that's why I don't hold coin
[22 Points] BarForBar:
Think imma have to go out of the game for a while
Why? Haha
Only buy BTC when you need it, transfer it to the market and buy your drugs. No need to hold onto your BTC =)
[13 Points] None:
[deleted]
[11 Points] disposable43436879:
PUMP AND DUMP, BIOTCHES!!! It got pumped, then dumped, and you got humped.
[5 Points] SketchyyG:
I feel your pain took a fat L myself. Definitely never holding coins again
[4 Points] None:
[removed]
[4 Points] CuntMaster16:
Use this opportunity to buy, it will eventually go back up and then you'll make money off your money. The fact that is is volatile like this but still retains its average value makes it amazing for trading. All be it risky
[2 Points] None:
[2 Points] jarxlots:
It got too close to a particular commodity value.
So it's being smacked down.
Then that commodity will rise in value and so will BTC.
[2 Points] Elisa-Yamaha:
the Yuan got more stable/trust in Yuan returned, all chinese stopped investing in bitcoin/stopped exchanging their Yuan for Dollars through btc, price goes down. 1% change in Yuan caused for a 20% change in BTC...
[2 Points] Xerxero:
People need to understand that this rises and drops are horrible for business.
[1 Points] 55gog:
The UK price has doubled in the past couple of months.
[1 Points] dnwhat:
I only shop with vendors I trust as of now, so once the BTC started to tank again last night, I just finalized everything that was marked "shipped."
I'd rather take the (tiny)risk that a pack may not show up than lose my trusted vendors because of BTC fluctuation.
[1 Points] throwoutofwindowplz:
Act as if Price is rising
[1 Points] Thoughtsofamaniac:
What happened is that the whales have come and gone. There are some people out there who hold huge amounts of BTC (whales) but they don't like to sell when the price isn't very advantageous for them. There is some debate about whether these whales actually influence the price for their own benefit or not, but one thing is known: When the price goes up, they tend to come in, dump as much BTC as possible, and go back to the shadows. That is what happened again this time. The price started rising steadily, and I noticed it actually shot up quite high when it was announced that someone in Trump's cabinet was a major backer of bitcoin. They waited until price hit the $1000 mark and above, again, and then sold huge amounts of btc. As in any market, once people start seeing a lot of sell volume they will instinctively want to sell too because they figure that there must be a reason, the price will once more go down. That is what we are seeing. Once they started selling massive amounts of BTC to offload it, the price tumbled, and the whales happily made off with their huge payoffs while some other suckers got stuck with lower value coin.
[1 Points] Imgodnigga:
Welcome to the sub
[1 Points] mystriddlery:
So I'm kind of a lurker here, but doesn't this mean it's a good time to buy btc (assuming it stops dropping, or you wait for the drop to hit its peak) sorry if this is obviously wrong, genuinely interested.
[1 Points] thegassypanda:
you didn't think that rally was seriously sustainable did you? It was so over bought.
[1 Points] gmoney910:
The Chinese are investigating exchanges
[1 Points] None:
[deleted]
[1 Points] TDarkKnight:
Maybe scammers r cashing out.
[1 Points] PierreDeLaCroix:
As the President-Elect would say:
"Chyna".
China has personal limits on currency exchange holdings (maybe 50k? Not sure) and the Bitcoin market is pretty much untraceable at this point from a government tax collecting/regulation enforcing perspective. A savvy Chinese entrepreneur could sink two million yuan (~275k USD) into BTC and just let it sit. The Chinese Yuan is depreciating and that trend may continue, so the stability + anonymity + inherent appreciability of BTC make it a great investment over there.
Basically it's what happened to Vancouver's real estate market a few years ago just replace properties with BTC.
[1 Points] Kingofhash:
I'm glad it's going back down. BTc has gone up way to much in the past years
[1 Points] hypnagoggle:
post-holiday correction?
Also, r/btc
[1 Points] throw_me_far_awayyy:
tfw 2 dollars short and my last 3 transactions took over 90 minutes for some goddamn reason
[1 Points] xmr_is_private:
XMR is private.
Do you really want to risk it?
[1 Points] nugymmer:
BTC has always been volatile, as has been pretty much every single cryptocurrency in existence as of today.
Get used to it. Stop complaining. If you bought at the top, you should have waited.
[1 Points] xmr_is_private:
Diversify into alternatives which offer more upside potential.
[0 Points] unique_tyrant:
The price will drop to 690€ soon. Just after that will rise up slowly.
[-1 Points] Limpnick991:
loooool justice is served fuckers i sold my BTC at $750 a few weeks ago and now its back down haha take that bitches
[-2 Points] Blow-that-Doge:
XMR is stable has fungibility and anonymity.... wont hurt you to at least try it out!
If it hits that ~300 dollar mark again I am grabbing up a lot of btc, I am not letting that opportunity pass by again.