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Topic: Bitcoin takes HUGE dip, Regulation becomes a concern and bitconnect turns in (Read 926 times)

full member
Activity: 1708
Merit: 125
www.positivebetting.com
Trying to pin point is very hard as you can see. Especially for these "graph reading magicians"
They aren't magicians, they are Prophets.

Technically there are about 10,000+ prophets in this forum. They speculate a different price ranges at some point, and when the time comes, one or two will hit current price. If 1/10000 Prophecy was correct, it will debunk all logic that discount graph reading techniques.
Then the lucky prophet among the normal prophets will say "I've seen this coming".

Exactly, they should get a group of 1 million of them to speculate every dollar of bitcoin, so that some day one of them will be right with the peak.
legendary
Activity: 2534
Merit: 6080
Self-proclaimed Genius
Trying to pin point is very hard as you can see. Especially for these "graph reading magicians"
They aren't magicians, they are Prophets.

Technically there are about 10,000+ prophets in this forum. They speculate a different price ranges at some point, and when the time comes, one or two will hit current price. If 1/10000 Prophecy was correct, it will debunk all logic that discount graph reading techniques.
Then the lucky prophet among the normal prophets will say "I've seen this coming".
full member
Activity: 1708
Merit: 125
www.positivebetting.com
True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.

Jumped straight back up?
$6887 at the moment

I expect to see $5k

Trying to pin point is very hard as you can see. Especially for these "graph reading magicians"
legendary
Activity: 2254
Merit: 1043
True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.

Jumped straight back up?
$6887 at the moment

I expect to see $5k
full member
Activity: 1708
Merit: 125
www.positivebetting.com


True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.

Perfect reason to not try and read graphs :p
member
Activity: 70
Merit: 21
I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.

If you are reading graphs you are surely getting crushed right now.

The top traders all use graphs successfully. TA is actually a big deal - if you looked at all the holistic factors a few weeks ago, well, that didn't help any coins.

Everyone is getting "crushed" right now, but actually my portfolio is being propped up by PRL, which is actually green in this red.

It's just luck though, at the end...

Well ta probably didn't expect this to happen so soon. More important that knowing how to read ta, you must be aware of what's happening in the crypto world. Bitcoin most of the time just throws ta out the window.

True. Although I did say if 7.7k was broken, then we'd be in huge trouble.

Well it was broken.. but then jumped right back up. So I think things are fine for now.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.

If you are reading graphs you are surely getting crushed right now.

The top traders all use graphs successfully. TA is actually a big deal - if you looked at all the holistic factors a few weeks ago, well, that didn't help any coins.

Everyone is getting "crushed" right now, but actually my portfolio is being propped up by PRL, which is actually green in this red.

It's just luck though, at the end...

Well ta probably didn't expect this to happen so soon. More important that knowing how to read ta, you must be aware of what's happening in the crypto world. Bitcoin most of the time just throws ta out the window.
member
Activity: 70
Merit: 21
I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.

If you are reading graphs you are surely getting crushed right now.

The top traders all use graphs successfully. TA is actually a big deal - if you looked at all the holistic factors a few weeks ago, well, that didn't help any coins.

Everyone is getting "crushed" right now, but actually my portfolio is being propped up by PRL, which is actually green in this red.

It's just luck though, at the end...
full member
Activity: 1708
Merit: 125
www.positivebetting.com
I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.

Stop trying to read graphs, most of the drawings are crap. The news, updates, community,developers are much more important to look at to understand the price. Look at the values and benefits that the coin has.



If you are reading graphs you are surely getting crushed right now.
member
Activity: 70
Merit: 21
I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I doubt that. Pretty sure 9k was the bottom. The price fell way way too fast for this to be considered a bear market. Just one major correction on the way to 30k.

It's just like when alts fell 80% in July 2018 - it was still full on bull market, and price recovered right away.
full member
Activity: 1708
Merit: 125
www.positivebetting.com
I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.

I still think it is under evaluated, but that doesnt mean it is at a good price right now. So I do agree with you in that bitcoin can certainly fall back down. Lots of people have posted "it will never go below $10k again" which its way to bold of a statement.
full member
Activity: 266
Merit: 103
I've said on this forum many times that government crackdowns are a major threat to crypto. The massive, unwarranted rally of bitcoin did not take into account ANY possibility of gov regulation, and as a result, we see irrational bitcoin investors losing a LOT of money.

Make no mistake, there is a LOT of room left for this to keep falling.
member
Activity: 108
Merit: 10
Bitconnect is such an unnecessary episode Im glad it ends now rather than later!!
full member
Activity: 1708
Merit: 125
www.positivebetting.com

If you do have those aims on your mind always on getting rich or earning money without doing nothing hard then most of the time you would really got scammed or do lose up money on any too good to be true investment which you are engage to.Community wont really be blamed on this one since it have been announce or advised that this project is indeed a ponzi which it would turn out to be scam sooner or later but people dont just listed and do neglect those warnings.

People should have been able to tell that it was a ponzi, but still some people lost live savings. Its sad nonetheless. All we can do as members of the community is not promote coins like that, and advise people to the best of our ability to not participate.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
Looks like Bitconnect is getting a class action lawsuit. Who would have known. Will have a new video tonight.

BitConnect had ponzi written all over it. People walked into it, thinking they can be clever and get out before everything comes crashing down. I doubt if a class action lawsuit will be of any help to those who lost money.

Correct, as I have previously, you can smell them from afar, unfortunately noobs are gullible to fall from this trap. The winner here is the early birds and those who have been in the bottom suffer the most. They will reappear believed me, in other forms to continue their fraudulent acts again. Be careful you guys.

Looks like Bitconnect is getting a class action lawsuit. Who would have known. Will have a new video tonight.
People have always warned about Bitconnect on the forum and youtube looks like the law has finally caught up with them and for the huge dip think in the lines of buy more instead of joining the panic sellers, only smart investors know this strategy

Really just a sad situation. Some people lost live savings, which yeah they should have done more research. However still sad.

Its really hard lessons to learn. They won't listen, red flag already raised, there have been warnings all over the community. There's no one to blame but themselves for being to greedy. Smart investors get out and exited early. Those who are still dreaming that they can get good returns are trap and eventually losing everything when Bitconnect suddenly disappear.
If you do have those aims on your mind always on getting rich or earning money without doing nothing hard then most of the time you would really got scammed or do lose up money on any too good to be true investment which you are engage to.Community wont really be blamed on this one since it have been announce or advised that this project is indeed a ponzi which it would turn out to be scam sooner or later but people dont just listed and do neglect those warnings.
member
Activity: 70
Merit: 21
I agree with your points about ICOs. If you don't have a working product at first and *still* don't have a working product many months after the release of coins, then that's just wrong.

Marketing is what drives up prices, but then they come crashing down when investors eventually realize there's nothing there, and the crash happens.

A lot of alts, including some that I was holding, dropped way more than others - these were the highly hyped coins that didn't necessarily have the tech and product behind them.
If you have those things, at least during rough times you'll have something to believe in. When the hype dies though, if there's nothing else, then people abandon the coin and send it crashing.
full member
Activity: 1708
Merit: 125
www.positivebetting.com
snip

Well we will see, hopefully lendcoin dies right away. It will be the next lending ponzi. I have already seen Trevon James advertise it on his channel.
legendary
Activity: 3080
Merit: 1353
Looks like Bitconnect is getting a class action lawsuit. Who would have known. Will have a new video tonight.

BitConnect had ponzi written all over it. People walked into it, thinking they can be clever and get out before everything comes crashing down. I doubt if a class action lawsuit will be of any help to those who lost money.

Correct, as I have previously, you can smell them from afar, unfortunately noobs are gullible to fall from this trap. The winner here is the early birds and those who have been in the bottom suffer the most. They will reappear believed me, in other forms to continue their fraudulent acts again. Be careful you guys.

Looks like Bitconnect is getting a class action lawsuit. Who would have known. Will have a new video tonight.
People have always warned about Bitconnect on the forum and youtube looks like the law has finally caught up with them and for the huge dip think in the lines of buy more instead of joining the panic sellers, only smart investors know this strategy

Really just a sad situation. Some people lost live savings, which yeah they should have done more research. However still sad.

Its really hard lessons to learn. They won't listen, red flag already raised, there have been warnings all over the community. There's no one to blame but themselves for being to greedy. Smart investors get out and exited early. Those who are still dreaming that they can get good returns are trap and eventually losing everything when Bitconnect suddenly disappear.
full member
Activity: 1708
Merit: 125
www.positivebetting.com
Looks like Bitconnect is getting a class action lawsuit. Who would have known. Will have a new video tonight.
People have always warned about Bitconnect on the forum and youtube looks like the law has finally caught up with them and for the huge dip think in the lines of buy more instead of joining the panic sellers, only smart investors know this strategy

Really just a sad situation. Some people lost live savings, which yeah they should have done more research. However still sad.
hero member
Activity: 686
Merit: 521
Looks like Bitconnect is getting a class action lawsuit. Who would have known. Will have a new video tonight.
People have always warned about Bitconnect on the forum and youtube looks like the law has finally caught up with them and for the huge dip think in the lines of buy more instead of joining the panic sellers, only smart investors know this strategy
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