Bitcoin Is Over $7,200!

[Elliott]

WSJ 03/30/2018: "Bitcoin posted its second-worst quarter on record in the first quarter of 2018. As of Thursday, bitcoin was down 49% in the quarter, trading around $7,115. That would make the first quarter the worst since the third quarter of 2011, when it fell 68%, and the second-worst quarter since it started trading regularly in 2010. Moreover, it slid 64% from its record of $19,800 set on Dec. 17. It was the first down quarter for bitcoin since the third quarter of 2016, when it fell 9.5%."

 

[Big ole Boy]

Yes, its way down and probably going way down from here .....

.... and then, it will go way back up again ....

 

[Joe Flacco]

Yes, its way down and probably going way down from here .....

.... and then, it will go way back up again ....

You think it goes back to $1200?

 

[Joe Flacco]

They say $6000 is when it starts becoming not feasible for miners.

 

[Joe Flacco]

In a few years if it gets to $1,200 I'm going to buy a lot.

 

[Big ole Boy]

In a few years if it gets to $1,200 I'm going to buy a lot.

Well, sentiment has fallen way towards crypto ... but what has changed? Nothing .... is crypto an investment - not really - the values are meaningless - but one could say this about the price of stocks ...

I will be buying below 4k ..... to 3k then to 2 k then to 1k ..... incrementally ....

really be surprised to see it drop below 3k.

 

[Joe Flacco]

I think it is possible it is doing 2014-2017 but this time over a longer time frame. Maybe going back and test that prior 2013 high area around $1,000-$1,200.

Pretty important level here though if it doesn't double bottom.

 

[Big ole Boy]

Paul Ryan is stepping down in a couple of months .... remember .... he was the deficit hawk?

IN 60 days .... anything is possible ..... (Ryan and the dream of real budgets go with him).

It makes a lot of sense to sit this bottom out in crypto ..... but, .... it is likely we are speeding up .... the 2014 era s may be over with broader market awareness .... the market accumulates knowledge and processes it quickly ...

... I will buy it all the way to 1 dollar.

 

[Non Sequitur]

ETH and ETH based coins are more of my game. During the Jan highs I cashed out enough alt coins to cover my initial investment and a decent profit. Bought more ETH through Feb-March, down 60% but still haven’t lost a cent because I had roughly 7,000 TRST that I didn’t cash out. TRST is down from a high of $1.40 to $0.15 but still enough value to keep my small portfolio at the break even point against the ETH I bought. ETH and ETH based coins are down because a bunch of the ETH based ICOs that hit early to mid last year are cashing out their ETH, and likely going down further if the dumps continue. I’ll wait a little while longer but plan on investing in a few interesting projects. The potentials for 100+ gains are still there. Crypto isn’t going anywhere, we’re still in the early stages.

 

[Joe Flacco]

Paul Ryan is stepping down in a couple of months .... remember .... he was the deficit hawk?

IN 60 days .... anything is possible ..... (Ryan and the dream of real budgets go with him).

It makes a lot of sense to sit this bottom out in crypto ..... but, .... it is likely we are speeding up .... the 2014 era s may be over with broader market awareness .... the market accumulates knowledge and processes it quickly ...

... I will buy it all the way to 1 dollar.

Lol I don't know if I would buy it all the way to $1. Probably run out of money by the time it gets to $1.