in a freefall...
Posted 21 December 2017 - 10:26 PM
in a freefall...
Posted 22 December 2017 - 07:03 AM
Average transaction fees for bitcoin has exploded from $20 (Dec 17) to $54 (today) . To exit from this crowded theater, we need to pay $54 now. What a rip off !
Edited by NAV, 22 December 2017 - 07:04 AM.
Posted 22 December 2017 - 07:37 AM
Sell Signal as of 12/21.
Weekly support at $11,000.
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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Posted 22 December 2017 - 08:42 AM
VOLUME SUPPORT 10400 area... then 9800
Posted 22 December 2017 - 08:53 AM
Hope it's going to zero.
It's really a nerd fraud.
Give me a reason to buy a thing that has no value
The blockchain is a revolutionary idea, but bitcoin is only a decentralized ponzi scheme
Posted 22 December 2017 - 09:11 AM
Environmentally toxic...
It will be shunned... eventually, after everyone figures that out.
They will wish they never heard of Distributed Perpetual Archiving...
Posted 22 December 2017 - 09:13 AM
So gold catching a little bid here, perhaps BTC alternative strategy at this point...
Edited by SemiBizz, 22 December 2017 - 09:15 AM.
Posted 22 December 2017 - 09:13 AM
Hope it's going to zero.
It's really a nerd fraud.
Give me a reason to buy a thing that has no value
The blockchain is a revolutionary idea, but bitcoin is only a decentralized ponzi scheme
I don't think it will go to zero. But it will definitely crash. I think the technology will evolve into something which is economically more viable. It may take a few years, but we will get there. In the meantime, bitcoin will keep searching for a bottom. I think the speculative phase is coming to an end. There could be one more huge dead cat bounce, to trap more suckers. Folks are finally getting a taste of what it means to get caught in parabolic moves and how dip buying will turn into panic selling in minutes.
Posted 22 December 2017 - 09:30 AM
Bitcoin did this before, a few years ago on the first primary wave top, 80% decline. I think we get at least the same,
so the target would be 3,900.
Posted 22 December 2017 - 09:39 AM
Forget about Bitcoin.
ICOs are the biggest fraud i have seen in years.
It's incredible folks ! It's criminal that the SEC and others are turning a blind eye to all this. Just like the regulators did during the mortgage crises. The late Terry Laundry used to say that the wall street is one big racket and the folks on CNBC are shills to support that racket. He must be rolling in his grave now, watching all this. Wall street-ers are angels compared to all that is happening in the name of libertarian ideas !
Edited by NAV, 22 December 2017 - 09:42 AM.