Bitcoin Cracks $5000

[TheTexan]

Wouldn't that create a selloff and downward pressure on the price?

They need the BTC to be worth more so they are hodling

Until lambos on moon

 

[anaconda]

$19,734

 

[anaconda]

$19,830

 

[ChristianAnarchist]

Ok bitcoin gurus, Karlybee asked me what is the best way to "cash" out bitcoin and I had to say I really don't know. Someone here must have the best way to do it. Please educate us...

 

[kpitcher]

Ok bitcoin gurus, Karlybee asked me what is the best way to "cash" out bitcoin and I had to say I really don't know. Someone here must have the best way to do it. Please educate us...

Do you want cash in hand or something else of value? You can convert to gold and silver if you're a metals person. You can convert to gift cards with gyft.

You can convert right to a bank account with coinbase.

Do you live near any BTC Atms? https://coinatmradar.com/

LocalBitcoins may offer higher cash prices however there may be downsides if the state or feds believe you're violating something.

 

[devil21]

I digress, but why couldn't the market price BTC at $19,000 3 weeks ago when it was $8,000? What continually new and apparently unexpected information is forever failing to be recognized by the speculators? Or is the market highly irrational? Perhaps terribly inefficient in some way?

Or it's just a fraud. Gambling is exciting, isn't it?

Ok bitcoin gurus, Karlybee asked me what is the best way to "cash" out bitcoin and I had to say I really don't know. Someone here must have the best way to do it. Please educate us...

OMG. [MENTION=39306]Carlybee[/MENTION] please keep us updated on how it goes!

 

[Krugminator2]

A lot of people just puked their positions out. Price probably rebounds at least $800. But people have a good reason to start thinking about selling. All the people waiting for 20k fell just short and will start exiting. Price took out yesterdays lows after the third push up. Prices are super overextended from key moving averages. A lot is set up from this to at least be a down week and a trek down to 16k, If price closes strong today and has an up day tomorrow, I give up.

 

[dannno]

Ok bitcoin gurus, Karlybee asked me what is the best way to "cash" out bitcoin and I had to say I really don't know. Someone here must have the best way to do it. Please educate us...

My advice would be to take some profits and cash out a small portion, maybe by buying some gold or silver, and hodl.

 

[Carlybee]

Do you want cash in hand or something else of value? You can convert to gold and silver if you're a metals person. You can convert to gift cards with gyft.

You can convert right to a bank account with coinbase.

Do you live near any BTC Atms? https://coinatmradar.com/

LocalBitcoins may offer higher cash prices however there may be downsides if the state or feds believe you're violating something.

I don’t have much at all. It asks for an address to redeem it to. I don’t know what that means.

 

[kpitcher]

Any guesses on when Crypto currency market caps, according to coinmarketcap.com, hits 1 trillion? 630 billion and climbing fast...

 

[devil21]

I don’t have much at all. It asks for an address to redeem it to. I don’t know what that means.

Surely those posting pics of bitcoin buying Lamborghinis and questions about $1trillion coin market caps have already helped you with your issue, yes?

 

[Carlybee]

Surely those posting pics of bitcoin buying Lamborghinis and questions about $1trillion coin market caps have already helped you with your issue, yes?

Right..haha.

No biggie..really would just like to not be associated in any way with any incarnations of BTC-e now or in the future.

 

[dannno]

Right..haha.

No biggie..really would just like to not be associated in any way with any incarnations of BTC-e now or in the future.

I would suggest creating a blockchain.info wallet, send the bitcoin to that address, then buy gold or silver at apmex or amagi.. but I wouldn't spend it all.

Edit: you probably have some tokens and wex.nz also, at some point those should be redeemable for 100% face value, you might wanna just hold onto those, could bey very valuable some day.

AFAIK btc-e didn't do anything illegal, they just had a customer who did, so I wouldn't worry too much about it but I'm not going to advise against getting your crypto off wex.nz

You also probably have some bitcoin cash that you didn't know about?

 

[Mordan]

Feels like this is headed to the 8-10k range over the next few weeks before you will see price stabilize. That would be a 50% pullback.

lol.

what are your predictions this week?

 

[Mordan]

Any guesses on when Crypto currency market caps, according to coinmarketcap.com, hits 1 trillion? 630 billion and climbing fast...

dunno. people are throwing money left and right on shitcoins. this inflates the market cap.. market cap is stupid anyways. I can create a trillion units coin.. give them all to myself and start selling them at 1 dollar. People buy it... 1 trillion market cap. voila.

 

[Krugminator2]

lol.

what are your predictions this week?

I got that wrong. I owned it when the price action said I was wrong when it traded sideways. I'll be wrong a lot more in the future too. Fortunately, being right isn't very important to making money.

Got the $4k pullback right but was definitely wrong overall. Odds heavily favored it being a top. It is trading super strong. Probably a push to a new highs. This thing hasn't had any aggressive selling in a year. Amazing.

Price probably pulls back to around the 10 week average. That's what growth stocks do after a parabolic run. We'll see if it holds for Bitcoin.

 

[Dark_Horse_Rider]

SEC suspended trading ?

 

[dannno]

SEC suspended trading ?

of CRCW?

 

[Carlybee]

I would suggest creating a blockchain.info wallet, send the bitcoin to that address, then buy gold or silver at apmex or amagi.. but I wouldn't spend it all.

Edit: you probably have some tokens and wex.nz also, at some point those should be redeemable for 100% face value, you might wanna just hold onto those, could bey very valuable some day.

AFAIK btc-e didn't do anything illegal, they just had a customer who did, so I wouldn't worry too much about it but I'm not going to advise against getting your crypto off wex.nz

You also probably have some bitcoin cash that you didn't know about?

I had a wallet elsewhere..it finally let me withdraw the btc..but not the bch..oh well better than nothing but it’s a slow process and frNkly a pita.

 

[anaconda]

$16,185

Crashing.