Bitcoin Cracks $5000

[devil21]

The $5760 low today was the lowest since before the Dec run-up.

 

[dannno]

Do you think it is a good idea to invest in Bitcoin or maybe look for some opportunities with some altcoins?

I recommend you have some of both, whether it's 95% alt coin and 5% bitcoin or 95% bitcoin and 5% alt coin, or somewhere in the middle, some diversity is usually a good idea. Depends on whether you think bitcoin will continue to be the dominate coin and if it will have significant gains like it has in the past. Lightning network is still in testing phase, some say it is going well, others are saying there are issues - but that study that came out the other day saying there are issues actually hit the upper bounds of some artificial limits that have been put in place on the test network and those in the know say it is working just fine. Alt coins will probably do very well in the future as well, but it can be harder to predict which ones might do the best and which ones will be duds.

 

[Zippyjuan]

Do you think it is a good idea to invest in Bitcoin or maybe look for some opportunities with some altcoins?

Like anything speculative, don't put in any more money than you can afford to lose. You should first have about a year's worth of expenses money put away first to cover things should you find yourself unemployed for whatever reason so you can pay your bills while looking for a new job.

 

[devil21]

https://www.zerohedge.com/news/2018...nce-shutdown-fears-bitcoin-tests-4-week-highs

The exchange also says it has rolled back all the irregular trades, and offers anyone who was negatively affected by trading during the rising SYS prices a zero-free [sic- fee] trading regime from July 5 through July 14.

All other Binance users will be given a 70-percent rebate on trading fees throughout the same period, paid out in the platform’s native token, Binance Coin (BNB).

The way you can tell that all of these crypto exchanges are run by the usual banker suspects is that their "mistakes" take your earned money and then to "fix" the mistake they give you "credits" back. Credits that the exchanges (or brokerages, if drawing comparison to stock markets) create at will. You lose your earned money. They give you created crap.

 

[MaryJanet]

[h=1]Bitcoin Analysis - Getting bumped higher, but stepping pattern could gas out. $6707[/h]

 

[Kennethtrainor]

Bitcoin price declined sharply and broke the $8,060 support level against the US Dollar.

 

[dannno]

LOL

 

[dannno]

https://www.ccn.com/irans-bitcoin-volume-soars-as-rial-value-enters-death-spiral/


[h=2]Iran’s Bitcoin Volume Soars as Rial Value Enters ‘Death Spiral’[/h]

Iran’s national currency has crashed to its record low against the U.S. Dollar as the country prepares to face economic sanctions imposed by the Trump administration.


The Iranian Rial, which was just beginning to gain momentum after years of depreciation, set a new low on Monday, trading on an average at 100,000 Rials on the black market. Many Iranians are now agitated that their economy will collapse. The sentiment has furthered because of Iranian authorities’ decision to impose restrictions on foreign currency transactions. The authorities have also started a crackdown on those attempting to circumvent restrictions by purchasing gold coins in the black market.


Stuck between a depreciating national currency and strict law enforcement agencies, some Iranians are reportedly turning to bitcoin and similar decentralized assets to elude sanctions. Since May 2018, when the U.S. announced its sanctions against Tehran, bitcoin trading volume within the country has experienced a marked uptick, though it is still far below the all-time high it set last December. Around the same time, local media had claimed that Iranians had sent over $2.5 billion out of their land to purchase bitcoin and other digital currencies.

One Iranian, who wished to remain anonymous, confirmed that she has been purchasing some bitcoins every month out of her salary as a protective measure against U.S. sanctions.


“I started purchasing Bitcoin, and even Ethereum, thinking Iranian central bank will not be able to resolve the poor economic situation,” she told CCN. “I had read many reports about Chinese and Venezuelan people doing the same at the time of their economic crisis.”


She has also confirmed that Rial price dropped heavily against bitcoin in the underground market, stating she was asked the equivalent of as much as $20,000 to purchase 1 BTC by the same dealer who was selling it for $10,000 only the last month.


In international markets, the bitcoin price against USD is around $8,130 at press time.


National Cryptocurrency a Solution?

Iran, despite banning bitcoin and similar digital currencies in April this year, had announced that it will launch its own national cryptocurrency. Just very recently, the Iranian government confirmed that they have created a national encryption key which would employ blockchain technology.


Nevertheless, U.S. believes that efforts to bypass their sanctions will be in vain, for they apply to people and organizations, not assets. The Trump administration has made clear that those who would form business ties with Iran would be enmeshed by sanctions.


A similar attempt made by Venezuela by launching an oil- and mineral reserves-backed cryptocurrency, the Petro, has not gone too well. It has dropped from its initial sale price of $60 to the current price of $16.50, with minimal demand from global markets.

 

[juleswin]

Bitcoin back in the 5 ks. How low would it go?

 

[Mordan]

BTC 6150 USD

Altcoins are DYING

 

[devil21]

LOL

How did your head not explode? It's all "but but but Hillary!" in Trump threads but promoting Bill in a Bitcoin thread? Bill Clinton is a fan of your beloved cryptocurrencies?

The cognitive dissonance is strong.

 

[dannno]

How did your head not explode? It's all "but but but Hillary!" in Trump threads but promoting Bill in a Bitcoin thread? Bill Clinton is a fan of your beloved cryptocurrencies?

The cognitive dissonance is strong.

Your ignorance is strong.

Ripple is not a decentralized crypto currency like bitcoin or almost all alt coins..

It is "owned" and controlled and promoted by a central company/controller. Some people call it the "banker coin", I thought you already knew about it since you promote the idea that a decentralized crypto is a banker coin..

The idea is to defeat fiats like what they want ripple to become and what the dollar is now with decentralized crypto. That's why you should be on team bitcoin as opposed to team ripple. To see Bill Clinton promoting the banker coin is almost over the top and pretty hilarious.

 

[devil21]

Your ignorance is strong.

Ripple is not a decentralized crypto currency like bitcoin or almost all alt coins..

It is "owned" and controlled and promoted by a central company/controller. Some people call it the "banker coin", I thought you already knew about it since you promote the idea that a decentralized crypto is a banker coin..

The idea is to defeat fiats like what they want ripple to become and what the dollar is now with decentralized crypto. That's why you should be on team bitcoin as opposed to team ripple. To see Bill Clinton promoting the banker coin is almost over the top and pretty hilarious.

Yes, I'm aware of what Ripple is and how it differs from Bitcoin, et al. I asked why you'd promote Bill, not the particulars of the coin. I don't tend to post things that promote people and products I disagree with. ymmv

And yes, they're both banker coins, meant to condition you to the blockchain future that they've been planning for years. If you read nerdy things like years old globalist summit whitepapers you'd already know that.

 

[dannno]

Yes, I'm aware of what Ripple is and how it differs from Bitcoin, et al. I asked why you'd promote Bill, not the particulars of the coin. I don't tend to post things that promote people and products I disagree with. ymmv

Oh ok, I wasn't promoting Bill, I said "LOL" then posted it because it is hilariously transparent that they have Bill Clinton promoting Ripple.

 

[Mordan]

And yes, they're both banker coins, meant to condition you to the blockchain future that they've been planning for years. If you read nerdy things like years old globalist summit whitepapers you'd already know that.

Bitcoin will be the banker's coin, exactly like this economic professor explains in this video in Austria. (Economics)

 

[devil21]

Bitcoin will be the banker's coin, exactly like this economic professor explains in this video in Austria. (Economics)

But but muh decentralization and anonymousness! NOOOOOOOOOOOOOOOOOOOO!!

(I still don't think it's bitcoin though. It'll be some not-yet-unveiled IMF/CB approved crypto with all their tracking bells and whistles built in.)

 

[timosman]

But but muh decentralization and anonymousness! NOOOOOOOOOOOOOOOOOOOO!!

(I still don't think it's bitcoin though. It'll be some not-yet-unveiled IMF/CB approved crypto with all their tracking bells and whistles built in.)

and just like democracy 51% takeover.

 

[Madison320]

What happened today? After being amazingly stable for something like 6 months, bitcoin got hammered. Down about 15% to 5,500.

 

[Zippyjuan]

The thread headline is accurate again as Bitcoin once again reaches the $5,000 mark- this time on the way down. Some blame it on the "fork" while some blame it on people losing interest in bitcoins. Some blame it on too many different coins confusing everyone not hardcore into it.

https://www.bbc.com/news/technology-46263998

Bitcoin falls below $5,000

The value of Bitcoin has fallen below $5,000 (£3,889) for the first time since October 2017.

The fall brought the total value of all Bitcoin in existence to below $87bn.

On Thursday, 15 November, Bitcoin Cash - an offshoot of Bitcoin - split into two different crypto-currencies, which are now in competition with each other.

And some observers have blamed this for creating turmoil in the crypto-currency markets, with many of the digital assets experiencing falls.

Bitcoin exchange Kraken said in a blog post that it regarded one of the two new Bitcoin Cash crypto-currencies - Bitcoin SV - as "an extremely risky investment".

Bitcoin is a notoriously volatile crypto-currency.

At its peak, in November 2017, it briefly hit $19,783 - which means the price has fallen by about 75%.

After the excitements of last year when the price soared to nearly $20,000 and then tumbled, Bitcoin has been rather dull and stable for much of 2018, settling between $6,000 and $7,000.

Sceptics like the economist Nouriel Roubini have predicted its demise, while the "hodlers" - those who promise to hold it come what may - remained confident it was heading "to the moon" where they would drive their "lambos". (That's- Lamborghinis for the uninitiated.)

Now it is tumbling again and while it is never safe to ascribe any one cause to a market movement, bitter rifts in the community around a Bitcoin variant appear to be to blame.

Bitcoin Cash split off from Bitcoin last year after a dispute about its direction and split again a few days ago in another so-called hard fork.

Its value has dropped by almost 50% over the last week. It's confusing but think of the People's Front of Judea versus the Judean People's Front and you will get the picture.

The result is gloom right across the cryptocurrency sector with its many altcoins. We were told that the fact that there was a strict limit of 21 million bitcoins which could be mined guaranteed that this would be a strong and stable currency.

What nobody seemed to reckon with was that if you could start one cryptocurrency you could start dozens and chaos might then ensue.

 

[FSP-Rebel]

The $4500-5k range wasn't properly tested during the last bull cycle, as it was manipulated all the way up to $20k. Here we are in a final capitulation area before the coming trend reversal. It has nothing to do w/ a fork or confusion from other coins or tokens. Institutional money put the last bull market on steroids then deliberately and systematically controlled the demolition on the way down, killing the mom and pops who panic bought on the way up. The last halving took place in July of 2016 so go and look at the charts leading up to that and beyond. Next halving takes place in 2020 and you'll see a repeat of another bull trend leading up to it and beyond. This capitulation area is the new $180-220 range of 2015's bear market. In other words, this range is a great entry point for bitcoin and many of the other coins/tokens. We've been talking cryptos here since before the last bear market and you all had the chance to ride the last wave up. Your next shot is coming.