Bitcoin Is Over $7,200!

[Non Sequitur]

The bitcoin bunch is quiet.

I don’t have a single cent in Bitcoin, I’m into alt coins and am doing great. But if Bitcoin drops much further I’ll buy in, I won’t miss that ride again.

 

[djd09]

That ride is over.

 

[Non Sequitur]

I seriously doubt the ride is over, but I’m playing with house money now so it’s impossible for me to lose a cent. So my perspective is much different than someone who has real money in the game.

 

[Big ole Boy]

LONDON (Reuters) - Bitcoin, the world’s largest cryptocurrency, skidded almost 10 percent on Thursday to its lowest since late November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors.

https://www.reuters.com/article/us-global-markets-bitcoin/bitcoin-skids-to-two-month-low-after-facebook-ad-ban-unnerves-investors-idUSKBN1FL57N?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/businessNews+(Business+News)&utm_content=Yahoo+Search+Results

The bitcoin bunch is quiet.

Yea, its a good time to think about entry points. I sold a lot a few weeks ago and waiting to get back in.

Can't really get excited about buying assets priced in the old DEBT based system.

Lots of FUD piling up and when it rains it pours. I am sure the regulators will pull the strings to drive the price down as far as possible and all the way down ...... big money will gobble it up.

Rinse and repeat. Last year Ethereum was around 7 dollars ..... o gee, things are crashing .... Ethereum is only 1,000 dollars today.

I don;t know ... the future is here .... just not everybody realizes how assets will be tokenized on the web. Guess, I will have to figure out what to buy, but it wont be debt based assets.

 

[Elliott]

WSJ 2/2/08:
"Bitcoin plunged below $8,000 on Friday, extending its sharp rout since the start of the year in a selloff triggered by a widening regulatory crackdown on cryptocurrencies.

In morning trading in New York, bitcoin had recovered to about $8,900, down 3% on the day after slipping below $7,700 shortly before 8 a.m. That was the lowest level since November.

At its low point, the digital currency had fallen about 60% from a record high of $19,783 in December, according to research site CoinDesk Inc. That marks bitcoin’s third biggest drop over the past five years: It fell 76% in the spring of 2013, and 85% from November 2013 to January 2015."

 

[djd09]

"There’s no question that valuations have really gone up quite a lot in the last year or so. I don’t have a view on the appropriate level of the valuation, of course. From our standpoint cryptocurrencies are something we monitor very carefully. We actually look at blockchain as something that may have significant applications in the wholesale payments part of the economy, something we pay close attention to."

https://dealbreaker.com/2017/11/jerome-powell-too-much-fun-bitcoin-nuts/

They love blockchain tech. They are letting the fools work out all the kinks. Jerome isn't The Dove.

 

[Terrel L. Shields]

Going Down anyone? House of imaginary cards.

 

[timd354]

Yea, its a good time to think about entry points. I sold a lot a few weeks ago and waiting to get back in.

How do you figure out the right entry point on an asset that has zero intrinsic value and whose trading is 100% driven by speculation? I am asking a serious question.

 

[BRCJR]

How do you figure out the right entry point on an asset that has zero intrinsic value and whose trading is 100% driven by speculation? I am asking a serious question.

If you figure that out have your brain donated to science when you depart this ole' world.

 

[Big ole Boy]

How do you figure out the right entry point on an asset that has zero intrinsic value and whose trading is 100% driven by speculation? I am asking a serious question.

I think the right entry point is around 4900 .... and then buy in slowly ready to buy all the way down to 0.

As far as your other question .... what you thought or think you KNOW about value is being determined in the markets .... crypto is the ONLY real market in the world right now IMO.