We are now down 70% and still dropping - page 4.

susuberuang

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Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

seems to see from the existing graph bitcoin will drop to touch the original price or the initial price before the price rises to very high the possibility of the price will return to the price of about $ 5k and will rise again at the end of the year.

oviudiu

newbie

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Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

We are still good, in 2017, in January, it was much lower. I noticed a patter ith the crypto market, it tends to go up like hell and down as much! Keep faith.

dasher797

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Get your share of the future

Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

The drop is not looks normal. May be it just impact of bad news about bitcoin that spread by media. But usually its not for long term. Just like the falling price when CO is banned in China, the impact is so bad but not for long term, even the price reach 20k after that. I hope bitcoin price will rise soon ar atleast stop going down.

Nerman

full member

Activity: 364

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We may see bitcoins price toland over the $4000 area and that is the price i am waiting for. The bears have easily break the $8000 support line. As of now i am just waiting to buy more bitcoins.

Quote from: Scorpion on February 06, 2018, 03:45:11 AM

And I'm not scared because last year Bitcoin was less than $1,000. Since last year no stock has performed that well, people overreact to short term drops and forget to look at the long term charts.

I agree but i can not blame people to be scared. Some people really can not follow the no emotion rule in trading/investing.

Alex_nutis

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Thank you for +Merit

Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

So this is great news, everyone can buy and get positions, if he has a fiat. The prices were estimated at 5000-6000 last year, when bitcoin was 10,000 dollars. In this collapse there is nothing surprising.

Scorpion

hero member

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Bitcoin OG

And I'm not scared because last year Bitcoin was less than $1,000. Since last year no stock has performed that well, people overreact to short term drops and forget to look at the long term charts.

ninche

sr. member

Activity: 610

Merit: 261

Quote from: renggileh on February 06, 2018, 03:42:34 AM

do not lose hope buddy
many believe, this is a very natural thing in this crypto world, maybe this is called the main risk of bitcoin
I myself, had predicted this would happen, when I first jumped, and I was ready with this risk
do not panic then sell, hold your coins, bitcoin will return to normal in a few moments, just need to wait

moments? or months? or maybe years to get back to 20 k again

renggileh

newbie

Activity: 280

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do not lose hope buddy
many believe, this is a very natural thing in this crypto world, maybe this is called the main risk of bitcoin
I myself, had predicted this would happen, when I first jumped, and I was ready with this risk
do not panic then sell, hold your coins, bitcoin will return to normal in a few moments, just need to wait

levvv

member

Activity: 532

Merit: 17

Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

Now is February 2018, lets compare the price from the last year, Feb 2017.
the current price is still above the last year price.
So you cannot say this is a full-on crash.
i think the sign of full crash is, the price is lower than last year price.

freightjoe

full member

Activity: 238

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Quote from: frery on February 06, 2018, 03:20:29 AM

Yes, this is a complete collapse. Even the US stocks are falling. Many people wonder if the financial crisis is coming. But I think this is ridiculous. We need to be calm. If the stock market collapses, it is very normal.

Bitcoin is down 40% in a week - the stock market is down 5%. Do you understand the difference?

Zagitta

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Presale is live!

This is a big crash if it drops more.

frery

member

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Yes, this is a complete collapse. Even the US stocks are falling. Many people wonder if the financial crisis is coming. But I think this is ridiculous. We need to be calm. If the stock market collapses, it is very normal.

jeluhtajem

member

Activity: 252

Merit: 10

if in normal say, yes this is normal
but I'm a little worried about this, I'm also starting to lose hope, right now bitcoin really slumped, and this is a very drastic decline

Ariess

sr. member

Activity: 546

Merit: 250

Quote from: chidrawarster on February 06, 2018, 02:18:47 AM

I see many buyers will come into action if it drops more today and tomorrow. It's all volume based and supply and demand theory. I will wait and see for more how much percent its going to drop today and tomorrow and then I will lock the buy positions based on the observations. I m waiting eagerly to get into some nice position to repair profits in the long run and I m not in hurry.

I agree with you, this decrease makes a lot of members of the panic. but there are times when we have to get around the situation until it reverses with profit. I think the value is still going down, I prepare to buy it too.

CNY dasd

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Because in the past there have been such things, so many people are worried about, but we will not be too disappointed, bitcoin prices also rose from this position.

freightjoe

full member

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Quote from: Marrionbitcoin on February 06, 2018, 02:47:34 AM

Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

Bitcoin will never be lose. Dropping of price only happens in a month and it will also happen in a month for the price to rise up again. Let's just hope and be patient to wait for the price to rise up again. Bitcoin is too big too lose so don't be discourage if the price is decreasing but instead take this as opportunity to buy additional investments and then hold. Many people have speculated that Bitcoin will rise up too soon and will double the highest price as compared from last year so let's just believe on that and keep calm and don't panic.

"Too big to lose" does not exist. And look at reality - Bitcoin is not big. In the global financial world Bitcoin is very small, and nobody would really care whether it lives or dies. The only ones who now care are the small "investors" who were gullible enough to believe to "Bitcoin to the moon" and "HODL" slogans. Some will continue to own and buy/sell Bitcoin, but that is just the same as some people who like to buy and sell old Pokemon cards - there is not much value there really.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: freightjoe on February 06, 2018, 02:44:46 AM

Quote from: QuestionAuthority on February 06, 2018, 02:40:45 AM

Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

I’m not sure what you’re getting at? This isn’t new info.

The greatest minds in finance (I mean people in the real world, not bitcoinland) have been saying for a month that bitcoin is in a huge bubble that is going to pop.

These are people with advanced degrees in economics, business administration and finance being published by ages old respected economic reporting agencies. Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review have ALL published articles telling about the impending disaster that’s about to happen when the bubble pops.

Everyone has been informed so no one should be surprised unless they live in a total vacuum somewhere above the fucking Arctic circle in an igloo. If the people on this forum want to ignore all of the worldwide brainpower saying the exact same thing, let them.

The religious cult - which the Bitcoin followers in here largely are - appear to still be in denial about reality though.

So what? That’s my point. If hundreds of people with doctorates in business and finance can’t convince them do you think you have any chance of doing it? Let it go dude.

Marrionbitcoin

member

Activity: 294

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Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

Bitcoin will never be lose. Dropping of price only happens in a month and it will also happen in a month for the price to rise up again. Let's just hope and be patient to wait for the price to rise up again. Bitcoin is too big too lose so don't be discourage if the price is decreasing but instead take this as opportunity to buy additional investments and then hold. Many people have speculated that Bitcoin will rise up too soon and will double the highest price as compared from last year so let's just believe on that and keep calm and don't panic.

freightjoe

full member

Activity: 238

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Quote from: QuestionAuthority on February 06, 2018, 02:40:45 AM

Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

I’m not sure what you’re getting at? This isn’t new info.

The greatest minds in finance (I mean people in the real world, not bitcoinland) have been saying for a month that bitcoin is in a huge bubble that is going to pop.

These are people with advanced degrees in economics, business administration and finance being published by ages old respected economic reporting agencies. Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review have ALL published articles telling about the impending disaster that’s about to happen when the bubble pops.

Everyone has been informed so no one should be surprised unless they live in a total vacuum somewhere above the fucking Arctic circle in an igloo. If the people on this forum want to ignore all of the worldwide brainpower saying the exact same thing, let them.

The religious cult - which the Bitcoin followers in here largely are - appear to still be in denial about reality though.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: freightjoe on February 06, 2018, 02:16:51 AM

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

I’m not sure what you’re getting at? This isn’t new info.

The greatest minds in finance (I mean people in the real world, not bitcoinland) have been saying for a month that bitcoin is in a huge bubble that is going to pop.

These are people with advanced degrees in economics, business administration and finance being published by ages old respected economic reporting agencies. Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review have ALL published articles telling about the impending disaster that’s about to happen when the bubble pops.

Everyone has been informed so no one should be surprised unless they live in a total vacuum somewhere above the fucking Arctic circle in an igloo. If the people on this forum want to ignore all of the worldwide brainpower saying the exact same thing, let them.

Topic: We are now down 70% and still dropping - page 4. (Read 725 times)