Let's talk about Bitcoins BG, We're doomed!!! The Sky is Falling!!!!!

**Anoat** · 2017-12-20 11:41

Always be weary of any currency that doesn't have legit backing from an established government. Sooner or later the bubble bursts, especially with it becoming "main stream" for lack of a better term.

**Salodin** · 2017-12-20 11:50

Archie on suicide watch.

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**TummieGaruda** · 2017-12-20 11:58

Bitcoin Cash is probably going to go up by a lot once it is re-enabled on coinbase at 9am pacific because people are wanting to get in and there is a FOMO aspect to this coin especially after seeing what it did in just 24 hours. People have been unloading their Bitcoin in order to get in on the Bitcoin Cash ride for a quick profit and then sell off and re-invest back into Bitcoin.

**BaneTheBrawler** · 2017-12-20 11:58

ALWAYS WEARY

**Fondue** · 2017-12-20 12:02

Can I call my bank and tell them not to do an ach transfer?

**Zetanio** · 2017-12-20 12:07

Fiat currency is the best best currency.

**Fondue** · 2017-12-20 12:09

I only have 400 in lolcoins but I'm already over this and I don't want to pay to transfer my usd wallet on coinbase back to my bank lel

**Salodin** · 2017-12-20 12:17

Fucking 9am pst and I can't buy bch still. I'm about to flip a table.

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**BerenTebogo** · 2017-12-20 12:56

I'm willing to accept Tummie's version of things that people who are better at this than I am are going to turn a quick profit on cash and then reinvest back into BTC.

Worst case I get impatient and dump all my BTC in microcoins like I was planning to do while it was near $19k. It's currently at ~roughly what I bought all my BTC at so I'm break even or so at the moment.

**thetruepandagod** · 2017-12-20 19:03

Originally Posted by SathFenrir

What is the take from the more seasoned crypto investors here? I know we just said that have to take the long view, but I can't gain much insight from the past year worth of data because there aren't really analogues to this event that I can see.

BTC always goes up again, not bothered at all. When BTC goes down jump into alts. Up 50% in SC and 35% in DGB today, missed out on buying XMR though even though I knew it would be the next of the bigger coins to pump all well. Dash caught me off guard though. Really wish LSK would dip again so I could buy back in for safe flip.

**BerenTebogo** · 2017-12-20 20:41

I'm thinking of going in pretty big on TRX tonight. Thoughts?

Edit: Specifically, planning to just go in hard on ADA, TRX, and XRP and call it a day on this for a while. Sit back and take a more removed position. I'm not sure I can be bothered to keep up at a daily level.

Edit 2: And I'm gonna throw in a little bit ( ~ $100 ) on white rabbit ICO just because.

**archibaldcrane** · 2017-12-20 21:35

Originally Posted by Salodin

Archie on suicide watch.

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I've actually been heartened by the resiliency, even though it's at a level 12-15% below where I bought.

Can't do shit about it anyway for another week, but I've calmed down a bit.

The way that BTC/ETH/LTC charts mirror each other is...

Let's just say this market feels really fucking immature. Maybe it will always be that way since nobody is buying this stuff for the technology behind it anymore.

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**Daydreamer** · 2017-12-20 22:30

Decided to try day trading. My xvg skyrocketed overnight then started to drop. I sold half high and was going to buy again low. Didn't work. It kept going up. Took the money from what I sold and invested in Poe which has now gone up more than the xvg. So that worked out.

**thetruepandagod** · 2017-12-21 04:33

God everything is green every day over and over, shit is making it hard to flip anything.

**Daydreamer** · 2017-12-21 10:11

If anyone is wanting to be crazy enough to day trade seriously I have noticed a tend where prices spike in early morning then slowly fall back down, then spike again at night when the Chinese market wakes up and again, trickles back down.

Good luck!

**TummieGaruda** · 2017-12-21 10:27

Most coins are red this morning as I assume people are pulling some of their coins out to pay for Christmas presents.

**Fondue** · 2017-12-21 10:31

Originally Posted by TummieGaruda

Most coins are red this morning as I assume people are pulling some of their coins out to pay for Christmas presents.

do chinamen celebrate christmas?

**Fondue** · 2017-12-21 10:32

I know this is kinda random but I'm one of those people that can never pee freely at a urinal when there's someone else standing near me. But ever since getting into crypto I've discovered a neat little trick: when I need to pee in a urinal and can't get it going, I imagine my portfolio crashing to $0. Within seconds, a full stream of pee comes out. I swear, this works every time. I encourage anyone of you facing a similar problem to try this, it works.

**BerenTebogo** · 2017-12-21 10:58

One major thing I don't understand:

How does the value of an alt coin go up wrt BTC but down wrt USD at the same time?

**Fondue** · 2017-12-21 10:59

Originally Posted by SathFenrir

One major thing I don't understand:

How does the value of an alt coin go up wrt BTC but down wrt USD at the same time?

because btc is tanking lol

Thread: Let's talk about Bitcoins BG, We're doomed!!! The Sky is Falling!!!!!

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