Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15039.

cofefeGandalf

member

Activity: 96

Merit: 14

Quote from: Azazel333 on January 16, 2018, 11:07:47 PM

Quote from: MinermanNC on January 16, 2018, 10:56:38 PM

I think the winners will be the ones that owed BTC, and the losers are the ones still owed Grin

Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways.

I think everyone involved in bitconnect lended to the platform itself which guaranteed huge returns (which is what made it a Ponzi). They sold the story as having an amazing trading bot that generated huge profits which is why they could guarantee such large returns.....LOL

Whoever created Bitconnect clearly was going to run off as soon as outgoing money surpassed incoming money which it makes perfect sense that would be about now.

Jup, and as always the hordes of stupid didn't hesitate to lose their precious coins on it.

RoomBot

legendary

Activity: 2338

Merit: 1130

Quote from: Elwar on January 16, 2018, 06:45:05 PM

Sold it all at $9940. Bitcoin is a fraud and if anyone working for me buys any they are fired.

JAMIE DIMON I knew it was you!

Azazel333

full member

Activity: 406

Merit: 100

Quote from: MinermanNC on January 16, 2018, 10:56:38 PM

I think the winners will be the ones that owed BTC, and the losers are the ones still owed Grin

Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways.

I think everyone involved in bitconnect lended to the platform itself which guaranteed huge returns (which is what made it a Ponzi). They sold the story as having an amazing trading bot that generated huge profits which is why they could guarantee such large returns.....LOL

Whoever created Bitconnect clearly was going to run off as soon as outgoing money surpassed incoming money which it makes perfect sense that would be about now.

Elix9

newbie

Activity: 56

Merit: 0

Quote from: MinermanNC on January 16, 2018, 10:56:38 PM

I think the winners will be the ones that owed BTC, and the losers are the ones still owed Grin

Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways.

I agree, and think the BCC news will slow down the recovery unfortunately.

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Quote from: Sitarow on January 16, 2018, 10:02:47 PM

Quote from: Icygreen on January 16, 2018, 08:41:23 PM

Not only has Vietnam taken measures to make Bitcoin transactions illegal but we can add the bank of Indonesia now.
https://www.newsbtc.com/2018/01/15/bank-indonesia-team-police-clampdown-bali-bitcoin-transactions/

First they laugh and deny, then they fight. Who's ready for the WIN!

Just buy the dips and sell the peaks and then profit.

FTFY

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: jojo69 on January 16, 2018, 10:56:20 PM

hey Peter, did you see your MtGox thread is active again?

Haha cool! Thanks for letting me know. I should read that paper. The Mt Gox story is quite fascinating.

adaseb

legendary

Activity: 3808

Merit: 1723

Seems like scalping right off $10K on GDAX and Bitfinex was a classical technical analysis trade.

Was under $10K probably for less than a minute.

Tons of stop losses under... but many buy-limits under also

MinermanNC

legendary

Activity: 2198

Merit: 1000

I think the winners will be the ones that owed BTC, and the losers are the ones still owed Grin

Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

hey Peter, did you see your MtGox thread is active again?

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: Higher Altitude on January 16, 2018, 10:39:38 PM

Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.

$18k -> $3k (6x) wouldn't be unprecedented. In 2011, we fell from $30 -> $2 (15x), in early 2013 from $250 -> $50 (5x), and in late 2013 from $1200 -> $200 (6x).

If we get away with a low of $9k (2x) I'd hardly even call that a crash!

Here are projected lows compared to historical crashes:

2x: $9,000
3x: $6,000
4x: $4,500
5x (early 2013): $3,600
6x (late 2013): $3,000
10x: $1,800
15x (2011): $1,200

OWZ1337

member

Activity: 140

Merit: 17

BITCOIN===>THE DISRUPTIVE CYBERCURRENCY

Quote from: Higher Altitude on January 16, 2018, 10:39:38 PM

Quote from: OWZ1337 on January 16, 2018, 10:32:25 PM

Quote from: lightfoot on January 16, 2018, 10:30:41 PM

Quote from: bonipper on January 16, 2018, 10:18:29 PM

Quote from: Higher Altitude on January 16, 2018, 10:13:17 PM

Quote from: muadib83 on January 16, 2018, 10:10:36 PM

I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Tongue

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping.

Oh is that what blew up the price? A Ponzi scheme collapsing?

Man no one makes money on those things.

the insiders did i bet :\ meh

Yep. Bitconnect is dead I guess. Everyone who saw videos on Youtube of their conference knew it was a scam. This guy has become a meme now.
The early people certainly made a lot of money there and the general populace got burned. That's why we should sometimes listen to our fellow crypto lovers when they have our best interest at heart.
Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.

to many people just hodl forever and don't USE bitcoin ~ it's a revolutionary type of thing that most n00bs cannot even understand :-D ~anonymous, secure and unregulated digital money.

bonipper

sr. member

Activity: 246

Merit: 250

Quote from: Higher Altitude on January 16, 2018, 10:39:38 PM

Quote from: OWZ1337 on January 16, 2018, 10:32:25 PM

Quote from: lightfoot on January 16, 2018, 10:30:41 PM

Quote from: bonipper on January 16, 2018, 10:18:29 PM

Quote from: Higher Altitude on January 16, 2018, 10:13:17 PM

Quote from: muadib83 on January 16, 2018, 10:10:36 PM

I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Tongue

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping.

Oh is that what blew up the price? A Ponzi scheme collapsing?

Man no one makes money on those things.

the insiders did i bet :\ meh

Yep. Bitconnect is dead I guess. Everyone who saw videos on Youtube of their conference knew it was a scam. This guy has become a meme now.
The early people certainly made a lot of money there and the general populace got burned. That's why we should sometimes listen to our fellow crypto lovers when they have our best interest at heart.
Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.

How many bitcoins were tied up in it?

MinermanNC

legendary

Activity: 2198

Merit: 1000

We're watching our new found fortunes slip away Shocked

Come back BTC! lol (I'm sure it will)

cofefeGandalf

member

Activity: 96

Merit: 14

Another dump incoming? My buy orders are ready. UHWEEEH Grin

Higher Altitude

full member

Activity: 177

Merit: 100

Quote from: OWZ1337 on January 16, 2018, 10:32:25 PM

Quote from: lightfoot on January 16, 2018, 10:30:41 PM

Quote from: bonipper on January 16, 2018, 10:18:29 PM

Quote from: Higher Altitude on January 16, 2018, 10:13:17 PM

Quote from: muadib83 on January 16, 2018, 10:10:36 PM

I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Tongue

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping.

Oh is that what blew up the price? A Ponzi scheme collapsing?

Man no one makes money on those things.

the insiders did i bet :\ meh

Yep. Bitconnect is dead I guess. Everyone who saw videos on Youtube of their conference knew it was a scam. This guy has become a meme now.
The early people certainly made a lot of money there and the general populace got burned. That's why we should sometimes listen to our fellow crypto lovers when they have our best interest at heart.
Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.

OWZ1337

member

Activity: 140

Merit: 17

BITCOIN===>THE DISRUPTIVE CYBERCURRENCY

Quote from: lightfoot on January 16, 2018, 10:30:41 PM

Quote from: bonipper on January 16, 2018, 10:18:29 PM

Quote from: Higher Altitude on January 16, 2018, 10:13:17 PM

Quote from: muadib83 on January 16, 2018, 10:10:36 PM

I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Tongue

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping.

Oh is that what blew up the price? A Ponzi scheme collapsing?

Man no one makes money on those things.

the insiders did i bet :\ meh

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Quote from: bonipper on January 16, 2018, 10:18:29 PM

Quote from: Higher Altitude on January 16, 2018, 10:13:17 PM

Quote from: muadib83 on January 16, 2018, 10:10:36 PM

I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Tongue

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping.

Oh is that what blew up the price? A Ponzi scheme collapsing?

Man no one makes money on those things.

OWZ1337

member

Activity: 140

Merit: 17

BITCOIN===>THE DISRUPTIVE CYBERCURRENCY

Quote from: bonipper on January 16, 2018, 10:18:29 PM

Quote from: Higher Altitude on January 16, 2018, 10:13:17 PM

Quote from: muadib83 on January 16, 2018, 10:10:36 PM

I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Tongue

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping.

\\\v///$5000 possible Cool

weee

bonipper

sr. member

Activity: 246

Merit: 250

Quote from: Higher Altitude on January 16, 2018, 10:13:17 PM

Quote from: muadib83 on January 16, 2018, 10:10:36 PM

I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Tongue

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping.

Higher Altitude

full member

Activity: 177

Merit: 100

Quote from: muadib83 on January 16, 2018, 10:10:36 PM

I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Tongue

Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15039. (Read 26714193 times)