For those of you who believe we won't go BELOW $5,000-$6,000, what are your reason(s)...

How would that initiate panic, when only a year ago btc was at 2k~

there are bitcoin futures trading, a future has to have 100b mcap, therefore bitcoin should not go below 5800

i'm having a hard time imagining someone being rich and panic buying a rapidly declining high-risk investment

The whales are gone and they ain't coming back.

You must be a newfag to crypto if you think going to 5,000$ is a problem. Fuck it was stuck at around 500$ around 1.5 years ago for about a year before exploding to 20,000$. Who gives a fuck at the end of the day destination is moon.

20k was the final bull trap in the biggest % ponzi of our generation

the entire run from 2015 to present was artificial so smart money could dump their $300 bags at a premium

once 5k breaks the whales will panic and start market dumping into oblivion. its going back to sub $1k, its fair value as an unscalable shitcoin.

maybe if it didnt take 6 hours to confirm and have $50 fees in december the ponzi could have continued. but everyone directly experienced the fact it has no future as a currency

You should work on your reading comprehension skills

Cute, anons using their critical thinking skills to try to guess the next manipulation move of Bitgoy.

I don't know if any of you were around...5 months ago or so. But for the Newfags, i am... the real shot caller of biz. The only true Bear back when Bitcoin had crashed and moving 'up' again. Was pretty funny reking perma bulls every day back then, even tho i would get 99% of biz shit talking me saying we will never be below 10k etc.

I unironically know BTC's very near future move :^)

Attached: Bearfag 2.png (1050x763, 122K)

I honestly doubt that whales are still accumulating this shit; it's been 6 months, and we've been at this price range multiple times for extended periods. Especially with respect to alts, whales are clearly actually dumping, not accumulating.

>I unironically know BTC's very near future move :^)

go ahead, King Bobo.

Attached: 763576345745.jpg (847x793, 162K)

who cares
the lower we go, the more miners will refuse to sell because they'd lose money, and the more likely institutions will swoop in and buy as much btc as they can before the price soars
do not let them control the bulk of btc

selling now is too risky, it can't go that much further down, you may miss the boat

(((they))) gonna print Tether and TrueUSD like cray

so what's the bottom going to be? 3k?

There is a thing called OTC

King Bobo..... kek
I like that

I'm wondering if I should offer info after all the back lash and hate i received back in Jan, the delusion was insane.
hmmm

Attached: Desktop Screenshot 2018.02.28 - 17.25.57.43.png (2560x1440, 230K)

its going to flash crash to 1500 or so.

floor 2K

Silbert says 2019, and you user?
I was of a mind that the next bull will be around 2021...now I'm not so sure.
For now, I'm guessing we are going down so some Chinks can get more of the control of BTC but how much? Share if you don't mind.

Tease posting is the height of faggotry.
No one cares about you. You are not important. Nothing you say matters.

Is this true? source?
Even if true, I don't see how CME would be able to strong arm it from falling

This

>unscalable shitcoin
being this stupid lol, bitcoin has the most advanced working model on 2nd layer scale-ability

everyone I talked to recently on bitcoin's future is the complete opposite of what they were 6-7 months ago
the technology only matured and became stronger
I don't think it'll go much lower but it could
I'm looking at buying back in soon with the money I cashed out

I think that the bitcoin market is liked by whales because they can manipulate the market since it's unregulated. Since it's an easy way to make money they won't let bitcoin dip too low to where new money won't come into it. I predict more up and down cycles until we get regulation.

it's definitely not true
maybe if CME traders are making money through manipulation they have incentive to keep it going
but nothing is stopping a complete crash if major ASIC warehouses went rouge or there was a flaw in SHA-256 (which is extremely unlikely)

To the people that want to decouple Bitcoin from alts. What is the reason behind this? The only thing that will do is deflate all of my shitcoins -90% in value

fuuuuuuck do you even just? I mean a causal trawl through btc talk or and historical site will show the doom talk
...never past 1c 1$ 100$ 1000$ 10000$ etc etc...... hows that worked out for perma bears.....? basically they have been exponetially wiped out, by perma hodl. Perma Bear = some one who cannot understand how rigged and broken the fiat system is. Basically slavery 2.0 / feudalism 2.0. The revolutionary nature of btc is being an unsiezable, cant be turned off, telportable gold....is something new and probally the single biggest invention of mankind to date. Think it through....what else has thier been before or since that is so game changeing. the next inventions to on a similar scale will be limited imortality near C space travel, true ai, mind transfer and nano machines...the scale and impact of btc tech is hard to even express. it basically redefines the entire working of human existance endevour production and social interaction. Ai / nano will probally have to use a crypto protocol to opperate as well!

Why didn't you just say IOTA?

Fucken sick and tired of seeing IOTA misrepresented on this board. This will change next year.

Spoiler Alert: Qubic

because bitcoin is the best

Attached: bog.png (503x746, 576K)

Bitcoin surpassed everyone's expectations on the way up and I am nearly positive it will do so on the way down

I think that people are just as delusional this year as last.

When this shit gets marked down from joke to junk status I think it will be messing with three digits

if this comment is supposed to get people to sell, it's doing a good job

No it's not.

> Transactions cost money
> Written in binary
> Bitcoin is best

you haven't used LN have you

False. This was a clear attempt to get people in the mindset that Bitcoin will do all the things IOTA does. I've been noticing this on the Internet and newspapers lately.

No. I will never use binary "LN" becuase I am too caught up in trinary "T" (Tangle)

I'm into stuff that works and has been tested with billions of dollars on the line

not shitcoins with memewords

Feel $3500 will be the botto. Called this about a week ago and still hold true. I'm a wallstreet fag but I'm looking at crypto and the more I analyze the use of bitcoin ( only bitcoin ) - the more I see the value. Think about it. If crypto fails - it's nothing. You either have bitcoin or you don't. The unique situation compared to wallstreet is that bitcoin is the only focus on crypto ( not alt coins ) - and that if there is a use for blockchain ( which there seems to be as more businesses accept it as payment ) - so the value of a coin needs to be high. Like - higher than 25k high. The bits of the coin are what will be the dollars to spend for normies. As the bitcoin itself is limited in what exists - I'm pretty sure it won't fail as again - you either have bitcoin or you don't and it's nothing. I doubt it'll be nothing. I'm waiting to buy in. I'm not a hype man and could be wrong but given the dips here and there with those who's perspective is negative because they bought at the high - think of it as a unjustified dip. Yesterday Netflix dipped -$20+ - I saw that as stupid and bought it. Today it went back up. Think of this dip as the same with bitcoin but the difference being that there are people with lots of interest in wealth who want to dominate the 90% of the market with this coin and have the normies settle for scraps.

Pic related. One day of gains.

Attached: IMG_4183.jpg (750x1334, 107K)

According to meme chart.... we are on our way to the 3rd dump / 'bottom'. We should ,best case scenario have a lot of sideways action / accumulation for months to come. Forming into an uptrend.... then media shilling, mass attention, followed by parabolic meme.....

Sometime tells me since everyone is expecting that, they are gonna switch it up. Just like when we found out about the 6th of the month market change..... they changed it on us.

I'll leave you with this, our ~5.4k area support better fucking hold. Because I can see a ~3.3k bottom based on the Bitcoin Chart.

Attached: memechart.png (1200x820, 1.1M)

What’s the move senpai

Bitcoin can't handle high volume with the pitiful tx/s. Lightning has to be integrated into major exchanges before a bullrun is even possible

otc trading institutional buyers
accumulation phase
sage

aight lads how long does bitcoin need to stay flat for to be seen as viable currency/ pay. 8 month at even 2k ?

this stupid meme keeps getting posted which means we are now 100% guranteed to dip below 5800 now so bitmexnigger can liquidate all you retards going long with liquidation at 5799

Wrong for so many reasons.

>I'm into stuff that works and has been tested with billions of dollars on the line
>Stuff that works
>LN

ROFL

Doing a few test runs on a low traffic test network doesn't count as working.

Because there would be way too much opportunity if it went that low. BTC would be cheap and most alts would be ATL by then. It wont be a whales game anymore at that point as anyone could basically be a whale by stocking up on certain alts at their ATL.

I'm not saying it won't go below it, but 5.5K is obviously a major support if TA is worth anything

Attached: 43137393125011.png (1137x561, 40K)

5800$ = 100bil mcap = limit for futures in fatland.
It's also around where mining is not profitable anymore.
You also have a huge amount of vested interests to not let bitcoin die, literal billions have been invested in physical infrastructure.
And finally, but that one is more long-term, there's a literal infinite amount of fiat to prop bitcoin up while there's only 13millions bitcoins so far ( 17 millions mined but study revealed 4 millions have been lost forever already, and it won't stop there ).

That's right, the 21btc club meme is wrong already.
It should be the 17btc club.
And as fags dying without tellling anyone their key keep happening, your btc just will get more and more valuable.
>inb4 just buy gold
Not only can more gold be mined from the soil, or filtered from the oceans, but asteroid mining is about to kick in high gear.

Bitcoin is literally unprecedented, and calling it digital gold is completely retarded.
It's gold that should be called something like "approximate bitcoin".

this
this
possibly this

In that case, what do you think is the bottom then? From where do we finally start going up?

>It's also around where mining is not profitable anymore.
why do retards keep saying this?
difficulty adjustment
google it

i mean what the fuck
bitcoin 101...
why does noone here actually know even the most basic shit?

fuck

thx just bought 100k satoshis

No idea.
5800.
Not a physical bottom, after all miners tend to not care that much for short-term fluctuations ( the last 6 months qualify as short-term ), so they may not prop it up, but wall-streets will no doubt prop it up.
Bitcoin is global, so 5800 will be broken without a doubt since chinks for example don't really give a fuck, but it won't go much lower.

Please note that i do wish to be wrong, i'm about to have a big payout so the lower bitcoin is, the more i can get.
... Mmh, i should stop spreading anti-FUD.

I'm not using margin so i don't really care in the end tbf, i just think in five years intervals.

Fag in canada, 4mil mining farm online, in the process of transforming 58 investments into mining infrastructure.
Nips, huge farm getting online in increments.
Ruskies, preparing to enter the farm game, more like a rumor but seems smart due to siberia. Then again, ruskies so who knows.

Hash won't go down in a significant way anymore.

rationalize it any way you want you stupid fuck
difficulty adjustment means it's profitable (for someone) at literally any price point

tell us more

Attached: 2cyq6c.jpg (620x421, 83K)

Difficulty adjust down only if the hash lowers.
It won't.
It's not rocket engneering.

Take your own advice and google it you worthless subhuman.

true but hash must go down and it wont cause people are holding when mining at loss instead of selling / shutting down their rigs. Difficulty keeps rising -> btc will pump sooner than later

The fact of the matter is, bitcoin has been around for a long time, has been established as a store of value and there are a finite number of them (so overall the number of bitcoins will plateau and then decrease as they are lost/deleted). Thus it doesn't matter what the price is right now because in ten years bitcoin will still be around. If you have any sense in your mind you will be accumulating and holding.

Or Bitcoin could just end up dying because it's not a physical resource in addition to having no real world use or function and therefore lacks the intrinsic value of things like gold.
It's just as likely that BTC will literally cease to have any value and be completely abandoned as it is that it's value will increase based on scarcity.

Also, Asteroid mining won't be happening on any larger scale for decades and gold isn't what most companies will be mining for even when it does get going. Gold's value remains safe for probably at least 15 more years.

i dont know i just find all the bears annoying so i really wish they all get burned

>has been established as a store of value
kek

this chart is why.

Attached: 0k6s33mnk8311.jpg (1062x654, 250K)

(You)

>5800$ = 100bil mcap = limit for futures in fatland.
This is not true and never has been.