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Wow. Bitcoin is almost $1,500

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A few minutes ago.
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https://www.investing.com/charts/cryptocurrency-charts (live cryptocurrency chart).
 
The less greater fools available to buy the faster it goes down. Banning of creditcard purchase just cuts a chunk of degenerate gamblers who were big fools trying to borrow money at 28% in the hopes of getting massive returns. not looking good for the greedy folks who had good returns and chose not to cash in that winning lotto ticket. I see it crossing 5000 by next week.
 
AdamK47 said:
Vanguard index funds are looking pretty sweet right about now. Buy on the dip and ride it out long term.
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I wonder if real estate investors take the same smug approach stock investors do to crypto investors. If they don't now, they certainly did before the stock market matured with more regulations and investment vehicles like index funds.
 
Crono said:
I wonder if real estate investors take the same smug approach stock investors do to crypto investors. If they don't now, they certainly did before the stock market matured with index funds.
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*snicker*

Buying near ATHs after massive rallies is a risky proposition at best. For any investment or asset.
 
Hugo Drax said:
Updated my price target I see bitcoin 3800 or less in 10 days
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My pure guess is and has been for a few months now is ~$6,500 as the more realistic value of 1 BTC. This year is just going to continue to be chock full of regulations, security breaches, and corrections, and we won't see cryptocurrencies back on slow rise until summer. There are a lot of developments in terms of actual improvements to blockchain tech, enterprise deployment, etc, but regulatory and security issues as well as hype-fueled overinvestment by all the new people entering the market means this rough patch was inevitable.
 
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Crono said:
I wonder if real estate investors take the same smug approach stock investors do to crypto investors. If they don't now, they certainly did before the stock market matured with more regulations and investment vehicles like index funds.
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Anyone deserving to be smug should absolutely exercise their right at being smug.
 
So no one is buying here? $7k. If I was playing the crypto market, this is where I would try to catch the falling knife for a dead cat bounce trade.
 
ponyo said:
So no one is buying here? $7k. If I was playing the crypto market, this is where I would try to catch the falling knife for a dead cat bounce trade.
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$7000 is still a lot of money for a digital beanie baby. Lots of room to fall before it's a dead cat

The credit card bans are going to really hurt crypto maniacal increases. Buying on margin makes sense when a market is increasing like it was. China news is bad.

This could just be the beginning of a death spiral https://www.forbes.com/sites/kenrap...hina-have-all-turned-on-bitcoin/#4a7d91f695ca
 
Charlie Lee of Litecoin might be the Mark Cuban of the cryptomania. Dude timed his cash out exit pretty well like Cuban.
 
preslove said:
$7000 is still a lot of money for a digital beanie baby. Lots of room to fall before it's a dead cat

The credit card bans are going to really hurt crypto maniacal increases. Buying on margin makes sense when a market is increasing like it was. China news is bad.

This could just be the beginning of a death spiral https://www.forbes.com/sites/kenrap...hina-have-all-turned-on-bitcoin/#4a7d91f695ca
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This decline is still pretty orderly. We haven't had full blown panic yet. It's going to get real ugly in a panic and I don't see how people will be able to get out once that happens. Nothing drops down to death in straight line. There are still too many bitcoin and crypto believers out there for it to die overnight. There's still too much money to be taken for it to die straight death. Most vicious rallies occur in context of bear market. The type that will bite your head off. It's going to bounce and it's going to bounce hard somewhere. The fun is trying predict and catch that bounce before the next leg down.

Red Storm said:
I may get more VEN if it drops low enough. No interest in trading BTC.
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So at what price level is VEN low enough? Just curious
 
ponyo said:
This decline is still pretty orderly. We haven't had full blown panic yet. It's going to get real ugly in a panic and I don't see how people will be able to get out once that happens. Nothing drops down to death in straight line. There are still too many bitcoin and crypto believers out there for it to die overnight. There's still too much money to be taken for it to die straight death. Most vicious rallies occur in context of bear market. The type that will bite your head off. It's going to bounce and it's going to bounce hard somewhere. The fun is trying predict and catch that bounce before the next leg down.


So at what price level is VEN low enough? Just curious
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I get what you're saying, but most assets don't suddenly get banned from being traded by the 2nd largest economy in the world and a big source of capital (credit cards) on the same day. The senate hearings on crypto are coming soon, too. The bounce could take a while to come, and it could be small.
 
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