It's looking like game over for Bitcoin

asheland · February 5, 2018 10:17AM

It's just dropped and dropped lately... Down to $7322.01 last time I checked.
I hope people are getting out before it gets worse.

Coinstartled · February 5, 2018 10:30AM

Getting out makes it get worse. The great tulip bulb conundrum.

asheland · February 5, 2018 10:51AM

I've never understood the appeal from day one, but it's certainly been interesting to watch!

derryb · February 5, 2018 11:33AM

BitVIX is the new game in town

RedneckHB · February 5, 2018 11:34AM

I think we were told to look for Easter eggs and candles and to revisit this in a few weeks.

asheland · February 5, 2018 11:51AM

$6952.99 now. It just keeps dropping.

guitarwes · February 5, 2018 1:41PM

@cohodk said:
I think we were told to look for Easter eggs and candles and to revisit this in a few weeks.

Easter and April fools are on the same day this year. Some will find prizes, some will look like fools. 'Tis wait until then and see big guy.

grote15 · February 5, 2018 1:47PM

@guitarwes said:

@cohodk said:
I think we were told to look for Easter eggs and candles and to revisit this in a few weeks.

Easter and April fools are on the same day this year. Some will find prizes, some will look like fools. 'Tis wait until then and see big guy.

The band kept playing when the Titanic went down, too.

carew4me · February 5, 2018 1:52PM

and you know someone here sold PMs and jumped in to some extent.
saw many, many sale threads on another very busy board with "selling PM for BTC, ETH!" etc

time for my "2 kinds of stacker" talk...

MilesWaits · February 5, 2018 1:55PM

I knew I shouldn't have leveraged my home, emptied my 401 and the little one's college funds!
Oh well, my dog still loves me.

ChrisRx · February 5, 2018 1:59PM

RIP @guitarwes

blitzdude · February 5, 2018 2:11PM

Last one out turn off the lights lulz

ricko · February 5, 2018 2:53PM

Well... bitcoin down, stocks down... PM's holding....interesting.....Cheers, RickO

derryb · February 5, 2018 3:39PM

@carew4me said:
and you know someone here sold PMs and jumped in to some extent.

I confess, I sold off my hoard of 2017 W MS70 AGEs at a 60% gain and placed a big bet last week against Wall St.

Timbuk3 · February 5, 2018 3:49PM

I never understood it, or was I a proponent of it !!!

jmski52 · February 5, 2018 7:57PM

BC = $6,568.00 on Monday night.

RedneckHB · February 5, 2018 8:37PM

@jmski52 said:
BC = $6,568.00 on Monday night.

Have no fear, for the Easter Bunny will soon be here.

ChrisRx · February 5, 2018 9:00PM

@ricko said:
Well... bitcoin down, stocks down... PM's holding....interesting.....Cheers, RickO

No worries, the stock market will eventually come back. Bitcoin... lol.

ChrisRx · February 5, 2018 9:02PM

Your bitcoin is just about to enter 5k land (long drop from that 19k just a few months ago.) Some people made plenty of money on that gimmick, others... bagholding it still it seems going for that 100k!!!

BobSav · February 6, 2018 8:00AM

I feel sorry for the poor ( stupid ) saps who put their money in at the beginning of the year.
Bob

mt_msla · February 6, 2018 8:15AM

Gonna be a class-action after it's all gone - was totally a pyramid scheme from the very start.

metalmeister · February 6, 2018 8:55AM

Research after the dust is settling has found that 2 traders ran bitcoin from $90 to $1000. Then the uninformed media buzz took over and the rest is history....

ChrisRx · February 6, 2018 8:57AM

Manipulation, ponzi scheme, unregulated... sign me up!

guitarwes · February 6, 2018 9:12AM

@ChrisRx said:
RIP @guitarwes

Thanks. Still here.........and will be.
Bit off a bit more BTC last night at the low. Wow, already up $1200 in less than 12 hours. Not a bad 3 minutes work.

My first sale of BTC when it was at 14,800. I was in it at 2400. Been sitting tight since waiting for a drop so I could pounce on more. I wasn't expecting a drop this low (was expecting it to find a floor at 7500 or so), but I'm sure glad it took a dump so I could add to the stack (and to use it to purchase other tokens with).

ChrisRx · February 6, 2018 10:30AM

@guitarwes said:

@ChrisRx said:
RIP @guitarwes

Thanks. Still here.........and will be.
Bit off a bit more BTC last night at the low. Wow, already up $1200 in less than 12 hours. Not a bad 3 minutes work.

My first sale of BTC when it was at 14,800. I was in it at 2400. Been sitting tight since waiting for a drop so I could pounce on more. I wasn't expecting a drop this low (was expecting it to find a floor at 7500 or so), but I'm sure glad it took a dump so I could add to the stack (and to use it to purchase other tokens with).

Sounds like buying a falling knife.

rcmb3220 · February 6, 2018 8:48PM

@guitarwes said:

@ChrisRx said:
RIP @guitarwes

Thanks. Still here.........and will be.
Bit off a bit more BTC last night at the low. Wow, already up $1200 in less than 12 hours. Not a bad 3 minutes work.

My first sale of BTC when it was at 14,800. I was in it at 2400. Been sitting tight since waiting for a drop so I could pounce on more. I wasn't expecting a drop this low (was expecting it to find a floor at 7500 or so), but I'm sure glad it took a dump so I could add to the stack (and to use it to purchase other tokens with).

Sounds legit

ernie11 · February 7, 2018 3:00AM

A total scam this was.

carew4me · February 7, 2018 6:09AM

@rcmb3220 said:

@guitarwes said:

@ChrisRx said:
RIP @guitarwes

Thanks. Still here.........and will be.
Bit off a bit more BTC last night at the low. Wow, already up $1200 in less than 12 hours. Not a bad 3 minutes work.

My first sale of BTC when it was at 14,800. I was in it at 2400. Been sitting tight since waiting for a drop so I could pounce on more. I wasn't expecting a drop this low (was expecting it to find a floor at 7500 or so), but I'm sure glad it took a dump so I could add to the stack (and to use it to purchase other tokens with).

Sounds legit

TwoSides2aCoin · February 7, 2018 9:04AM

There’s a floor , somewhere. And then there are bounces, speculators and traders. Don’t count your chickens until...

ShadyDave · February 7, 2018 12:21PM

bitcoin price is currently at $8165.

@mt_msla said:
Gonna be a class-action after it's all gone - was totally a pyramid scheme from the very start.

Who are the lawyers going to go after? Satoshi Nakamoto? HAHA.

Kkathyl · February 7, 2018 1:27PM

Goldman said it is heading to zero and the real action is going to be in block chain. So the music stopped who lost the chair

On a serious note: this is the kind of thing that had traders in Manhatten looking for a bridge. If your in this don't panic but don't be a fool. Exit as safe and as soon as you can. Nothing like sounds Gold & Silver.

carew4me · February 7, 2018 1:31PM

so how it works is...you take a block...add a chain....attach your wallet to the other end...and then....

derryb · February 7, 2018 2:44PM

tulips are still worth 2 for $1

guitarwes · February 8, 2018 10:15AM

I love going against the flow.

ADG · February 8, 2018 11:51AM

@guitarwes said:
I love going against the flow.

Good luck to you.

drei3ree · February 8, 2018 2:06PM

Gambling is not a sound investment paln.

LukeMarshall · February 9, 2018 8:38AM

@Kkathyl said:
Goldman said it is heading to zero and the real action is going to be in block chain. .

Yes, probably! their block chain, a proprietary chain needing their permission to use with Goldman issued "coins" that are fully redeemable at 300 central banks throughout.....

logger7 · February 9, 2018 12:31PM

Wampum spiked for a while as well in the 1640s. Smart people bartered useful things instead of baubles.

Higashiyama · February 9, 2018 12:31PM

@Kkathyl said:
Goldman said it is heading to zero and the real action is going to be in block chain.

The Goldman analysis I saw (interview with Steve Strongin) did not say that Bitcoin was heading to zero. Rather, he said that in a "few winners take most" market, most crypto-currencies would end up at zero. This is an important difference. The key point is whether Bitcoin is or can become a useful medium for facilitating transactions, storing wealth, etc. That is highly unclear. Although I personally wouldn't put my funds there, I can see it maintaining a positive value.

2ndCharter · February 9, 2018 5:48PM

I love going against the flow.

That's what Harry R. Truman said just before Mt. St. Helens blew up.

RedneckHB · February 9, 2018 6:13PM

Good to see you still around these boards Higashiyama. I always appreciate your clear, rational and informed opinions.

logger7 · February 10, 2018 9:51AM

Warren Buffet wanted a basket of cryptocurrencies he could buy a large short on with the five year timespan. I wouldn't forget that Blythe Masters was behind the blockchain business, the woman many believe was in a big way responsible for the 2008 economic crisis with irrational credit default swaps.

Unknown · February 10, 2018 6:59PM

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derryb · February 12, 2018 6:42AM

The real value of bitcoin is in the way it demonstrates how broken our investment markets are.

Unknown · February 12, 2018 9:02AM

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guitarwes · February 15, 2018 7:39AM

Swimming upstream as hard as I can.....................(The little Bitcoin that could).
.

asheland · March 14, 2018 1:44PM

It's low again.

grote15 · March 15, 2018 8:48PM

@guitarwes said:
Swimming upstream as hard as I can.....................(The little Bitcoin that could).
.

Still bullish? It seems like the air was let out of the balloon right after futures trading was launched.

ChrisRx · March 16, 2018 6:19PM

Still see no value in made up currency backed by nothing.

Smittys · March 18, 2018 6:43PM

Bernie madoff couldn't have done a better ponzee scheme

guitarwes · March 19, 2018 12:46PM

@grote15 said:

@guitarwes said:
Swimming upstream as hard as I can.....................(The little Bitcoin that could).
.

Still bullish? It seems like the air was let out of the balloon right after futures trading was launched.

Very. Anytime you get idiots munking with something good you get crazy and unexpected things that happen. The technology is still growing strong and has long legs to go. Will always have bumps with anything new.
I'm still buying.

It's looking like game over for Bitcoin

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