What's funny is people talking about past dips in relation to this chart, specifically 2013 / 2014 where prices shot up and dipped, when there's evidence the 2013 / 2014 price spike was a result of one person or group of people running a pair of bots to boost trading volume and artificially prop up the price of bitcoin when Mt Gox was hacked. And the dip hit when that chitshow came crashing down, with the Bitcoin chart resembling the one above that we've all seen a million times.

So now it's likely the recent price spike is a result of Bitfinex / Tether printing imaginary money to purchase bitcoin and prop up the price. And again the Bitcoin chart resembles the one we'd seen a million times previously.

It's the same story twice over. In reality, you can't even say the phases of that chart apply, because the increase both times has seemingly been a direct result of price manipulation. The media attention, enthusiasm, etc are a result of the manipulation, and the dip is a result of the manipulation coming to an end.


If you're betting on another spike and dip like 2013 / 2014 or the one we're experiencing now, you're probably betting on some other exchange coming up with a scheme to manipulate the price. And if you're buying into that as a speculative investment, you're really just riding the wave of the manipulation

If you're not investing more than you can afford to lose, then panic selling everytime the price dips is retarded.

Crypto goes up and down. You crypto haters just sit on the sidelines and pretend to be oracles everytime the price dips, but can never seem to call a bull rally.

I'm calling the next one:

https://mobile.twitter.com/tetherprinter?lang=en

ICOs raised billions of dollars last year and will raise billions of dollars this year. Fortune 500 companies, instutional investors and governments are all taking interest. Many crypto projects are working on things more innovative and interesting than the current tech giants. Yet, the whole industry relies on fake tether. You guys really don't know what the **** you're talking about.

actually i think that's very possible in an unregulated market ran by thieves.

Once the legit projects distance themselves from bitcoin and the restof this illegal/immoral chit there may be real growth.

I mean the crypto market is indeed the wild wild west, but the majority of the extreme pessimism towards crypto comes from people who are taking an extremely shallow analysis of the crypto space...not any particular in depth analysis. There's scams, ponzis and pump and dumps in crypto, but there is also a ton of developers, entreprenuers and investors who are really looking to do things that are totally legit and game changing.

People who hate crypto just use every downturn to pretend as if they know the future of crypto when they never predict a bull run, they never put their money where their mouth is by shorting bitcoin, nor do they pay any attention to the legit projects and applications.

man i was interested in getting in but my funds cleared just after the alt boom and right around when btc fell from 16k to 13k.

The more and more time i spent in the market the more jaded i got with how everything behaves, it's essentially like one big penny stock market. The moves are not natural, everything is manipulated and i really think tether played a huge role in 2017s run up.

I think it's a dangerous place to be right now.

That's where dollar cost averaging comes into place. As it is difficult to tell where the very top or very bottom is... pushing in all of your funds at one time is how people get rekt. However, if you only invest in the projects you believe and that have long term viability and put in some money in during the ups and downs... then provided that the market doesn't dissappear (which I think is highly unlikely), then it becomes more of an investment rather than a gamble.

People who just run into the market and pay top dollar to buy coins or tokens they haven't even researched and then dump as soon as the market turns negative are partially responsible for the extreme volatility, we can't just blame the whales and manipulators.

This man knows what's up. Dollar cost averaging is key, especially if you are a HODLER and not a trader. Never a great idea to shove all in at one particular price point because you're most likely going to pull your hair out checking daily charts and losing you ch1t when you see a giant move in the wrong direction (which is a common occurrence in this space).

If you are indeed the buy and HODL type, you have to make a very strong pact with yourself that you won't fall victim to panic mode if you truly believe in the technology.

BTC was basically stagnant for a good 2 years before the recent price explosion. Think of it like a 401k, but much more volatile and with a higher risk of potentially losing everything or reaping extraordinary gains. But I guarantee you will get rekt if you enter the game and have weak hands or a frantic personality expecting a linear moonshot directly to Uranus.

India is banning crypto

https://in.reuters.com/article/us-in...-idINKBN1FL56T

lol at the nocoincell sitting on sidelines cope.

sure the normies who jumped on the ship 1-2 months ago prob got heavy bagsfor nowbut anyone who got in a minimum 6 months ago and actively traded alts has made bank. stay salty for missing out

perfect buying time boyz

I have just put part of each paycheck towards crypto. have buy in prices from as low as $3k to as high as $16k. Also played the alt market. As of today still up 110%.Decentralized exchanges on the way bro. There's already a couple but they are not user friendly at all. Soon buying and selling while always holding the keys on a smooth decentralized exchange or even an app will be common.
It's only February. Still plenty of time for 50k.

Sure there was a splash of media attention, but most the public hasn't actually bought anything since they don't know how to. This whole market is clunky, hard to navigate, hard to use. Just like using a computer was early on. User friendliness is key. Eventually people will be able to easily buy, sell, transfer wealth while holding their private keys the whole time in such a simple manner even old people will be able to do it.

Market is still tiny as fuk, never even broke $900 billion mcap in a global market lol.

I'll wave at all you nocoiners from the moon!

Btc is volatile?
Its the least volatile currency.
Its also now fast and cheap as its even been to send. Now faster then lightcoin and bitcoin cash.

I keep waiting for a Bitcoin/Crypto currency debacle that has yet to come. I guess I'm not as confident in blockchain as others are.

Fake news:https://techcrunch.com/2018/02/03/ps...ugh-on-crypto/

I think all the warnings are there. It's getting more difficult to put money in, governments are speaking more and more about regulating it.

I see a lot more downside risk than upside at this time.

It's worth15% more than it was yesterday. Half of what it was in December. 10x what it was a year ago.

That's not volatile?

Regulating is what governments do. As it is financially disadvantageous for governments to stand in the way of innovation, I doubt we'll ever see all out bans in any democracy. Making regulations against scam ICOs, money launderers, tax evaders, ponzi schemers, pump and dumpers and obvious criminals seems like the traditional role of governments.

Crypto is still in it's infancy...if/when it becomes worth trillions and accepted by most people, prices on larger cap cryptos will start to stabilize. When a small group of multimillionaires can easily control the price of most coins, volatility is a given.

You do realize that in your growth scenario that small group of multimillionaires becomes a small group of trillionaires?

With every new coin that is born, a new group of whales that can manipulate the price is born with it.

From which coin? It’s not all going to be concentrated in bitcoin. You’re never going to fully eliminate whales from any asset class..but the more money involved, the less likely it is to get targeted by small pump and dump groups. As volatile as bitcoin is, it’s nowhere as volatile and illiquid as small market cap coins.

Well have to agree to disagree on the whole crypto idea. Ive yet to see a case for me that would make it superior to fiat/credit.

There’s a big value in being able to conduct business without a central authority. Not to mention acting as a currency is only one aspect of the cryptosphere. Crypto is also being used to create different application and utilities (Brave Browser, Steemit, IOT, AI, cloud and enterprise applications, etc). As I’ve said, people who dismiss crypto are simply taking a very shallow view of the possibilities and use cases.

There is some interesting stuff outside of the currency aspect, definitely. Like DENT I believe who wants to tokenize cellular data. I don't know if its possible, but if so, very cool. I just don't like how the market is run right now. Whats wrong with bringing this technology through regulated exchanges? Why does it have to be linked with garbage like Bitcoin and tether?

And humor me, where is the value in conducting business without a central authority? Like an easy to understand example.

Actually, lets hear the full blown sell job. I need some real world examples how crypto will be used in our everyday life.

Here's a page from Steemit's wikiEssentially a reputation system on the blockchain. Fantastic.

I'm not looking to shill any specific crypto project, I'm simply stating that there are a large amount of developers working on projects that go beyond crypto just being a casino.I'm sure a large amount of small businesses would like to not have to deal with PayPal and other payment hubs that essentially think it's their right to tell you how to run your business. Also, while I understand why people who have somewhat stable governments are fine with trusting in the Fed, the same isn't true of places high in hyperinflation and corruption.

Paypal isnt perfect, but you do realize the customer confidence in buying from a stranger on the internet that paypal provides actually allows these small businesses to exist, right?

How would you ever dispute a transaction that you used monero to pay with?

"I sent the funds...."

"Ok prove it..."

There are stable assets already to buy where hyperinflation exists...precious metals, even stable currencies such as USD or EUR.

If my currency is losing value against the USD, what's a better hedge against that than actually owning USD?

If I'm worried about USD losing value why not purchase a stronger currency, or store my wealth in traditional safe havens like gold or silver, or even real estate?

I'm not going to sell you on any particular project. The best tech companies are deceivingly simple: Google just a search engine, ******** just a social network, Amazon just an online bookstore, and Netflix just a video player.

What you see right now is akin to the internet in 1995. What you see right now is only the tip of the iceberg when it comes to what crypto will be in 5, 10, 20+ years.

lololol at cryptbros