The future of Crypto

Trallod posted:
IT's not very bright anyway so people may want to get back on you really and completely and you may do the same for them. How will you plan to prolong your doings here? I do not assume that much. Thanks for that matter anyway.

No idea what are you talking about :)

Trallod posted:
IT's not very bright anyway so people may want to get back on you really and completely and you may do the same for them. How will you plan to prolong your doings here? I do not assume that much. Thanks for that matter anyway.

Hello? Are you talking about crypto or anything else?

So guys we are back to $10,000 for one BTC.
I suppose we will get close to $30,000 during this year

Is that a joke? $30,000 for BTC is a fantasy. BTC is still volatile but gone are the days of the bitcoin craze and massive price increases

Right now BTC is around $8,729.4
My guess: it will touch 10,000 soon again

BTCUSD is not the only pair, there are hundreds of coins.
But if we focus on that pair how can anybody say it is not profitable?
Buying JAN 17 for $1000 selling JAN 2020 for $10,000
Buying JAN 18 - no propfit/loss
Buing JAN 19 for $3000 selling JAN 2020 for $10,000
Not talking about buying JAN 17 for 1000 selling DEC 17 for 20,000

The only mmnt it was not worth it is DEC17/JAN18 for that 20,000
But these are just 2 months all other months it should be worth it.

togr posted:
BTCUSD is not the only pair, there are hundreds of coins.
But if we focus on that pair how can anybody say it is not profitable?
Buying JAN 17 for $1000 selling JAN 2020 for $10,000
Buying JAN 18 - no propfit/loss
Buing JAN 19 for $3000 selling JAN 2020 for $10,000
Not talking about buying JAN 17 for 1000 selling DEC 17 for 20,000

The only mmnt it was not worth it is DEC17/JAN18 for that 20,000
But these are just 2 months all other months it should be worth it.

Hindsight trading is very easy but in a live market it is almost impossible to get in at the bottom and out at the top

Crypto will definitely become in demand but it's developing and spreading too slow.

What does suprise me is current situation.
Fiat money are showing its weaknesses nowadays when people are afraid even touch them.
Not talking about politics and their crazy plan to figh virus and yet not kill the economy.
In such conditions I would expect BTC attacking at least $20,000, not 8,000.
But perhaps it will move that way soon

togr posted:
BTCUSD is not the only pair, there are hundreds of coins.
But if we focus on that pair how can anybody say it is not profitable?
Buying JAN 17 for $1000 selling JAN 2020 for $10,000
Buying JAN 18 - no propfit/loss
Buing JAN 19 for $3000 selling JAN 2020 for $10,000
Not talking about buying JAN 17 for 1000 selling DEC 17 for 20,000

The only mmnt it was not worth it is DEC17/JAN18 for that 20,000
But these are just 2 months all other months it should be worth it.

So we touch $5,000
Is it end of crypto or temporary drop until people realize the weakness of FIAT money which will be printed now in massive amounts to fight economy affected by Corona?

I still believe BTC will rise from the ashes.

I Think that this is just a temporary phenomenon the fall of bitcoin, when the exchange stops rocking it can rise even higher than it was . Stability will come sooner or later. A person strives for stability.

Marcus71076 posted:
I Think that this is just a temporary phenomenon the fall of bitcoin, when the exchange stops rocking it can rise even higher than it was . Stability will come sooner or later. A person strives for stability.

Yeah it should be that way

Here's what happened in the cryptocurrency , and many claimed that it is indestructible.

Ralf4654747 posted:
Here's what happened in the cryptocurrency , and many claimed that it is indestructible.

It's not a big deal . Everything will get better I promise you

Genrih45465 posted:

Ralf4654747 posted:
Here's what happened in the cryptocurrency , and many claimed that it is indestructible.

It's not a big deal . Everything will get better I promise you

It seems there is Bitmex internal trades behind the drop
https://www.coindesk.com/bitcoins-crash-triggers-over-700m-in-liquidations-on-bitmex

People are scarred and everyone is dumping risk assets. BTC is a speculative product and very risky. The price will fall and fall until we have stability again and risk appetite increases

accelerator1 posted:
People are scarred and everyone is dumping risk assets. BTC is a speculative product and very risky. The price will fall and fall until we have stability again and risk appetite increases

So far it has stabilized around $5,000

Artteri434er posted:
Many experts believe that soon bitcoin will rise in price above its maximum.

Many experts are often wrong. Bitcoin is risky. It may rise, it may fall but the truth is no one knows. This is why it is a high risk asset

Assuming whole epidemy now and that BTC appeared something like 10 years ago I wouldn't say it's super cool or safe to say that it's entirely cool for everyone else to be there on the verge of it. I predict it will fall to around $5000 or lower at least.