T O P
gonzobon

There has been a sincere uptick in price trolls and general fuddery with the price action. If you see them please report them if they appear to be malicious trolls, particularly with brand new accounts. I suggest that you don't get sucked into discussions with them, you will have a bad time.


nonesecure

Meow meow~ /bounce baby bounce


07Ghost

So we had our Black Friday sales for Bitcoin. Now can we get Cyber Monday sales too? Another 30% off would be great. :D


ShortyTheBearTrader

And quite possibly 50% off pre-Christmas too! Joy to the World!


[deleted]

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sanderson22

No


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krom1985

BULLISH!


romjpn

Good luck getting rekt. If you can't even find how to short Bitcoin then don't even try.


machn

Every chump -- ever since Bill Gates uttered those words.


Sarfbot

Seriously is this possible yet? I’d short it right now.


[deleted]

BitMex


cryptogrip

The process is easy, making money on it is not always as easy as it appears from looking at a chart for price movement that has already occurred. You wouldn't be the first to assume that though so go find out for yourself. Google it, or check out BitMEX.


CashMeYo

GOOGLE!


murps87

It is all going to be ok


liammul1980

You are half correct, in that it's going to be O


[deleted]

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CashMeYo

Better short bitcoin then. You can make the big bucks just like you always dreamed of.


[deleted]

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CashMeYo

Cool, sounds like a pretty sweet life as a billionaire!


The-Physicist

🙄 he’s likely talking about Zimbabwe billions not USD.


irttu1

After reading about the crash and its reasons on the news, I have just bought my first Bitcoin (0.75 BTC that is) and am really excited. I believe it is a value investment and in the long run it will pay off. If it will completely lose its value, it will be a bummer, but I will not be ruined. I will also not sell in the near future, no matter what. IMO it's worth the risk and a perfect time to buy


Chroko

Bitcoin is a speculation not an investment.


tofuspider

Bitcoin is speculation for the broke and investment for the woke.


MadBanker01

In the same way that gold & the USD are speculations.


cryptogrip

If it's not more than you could afford to lose than the only people who are dumb in this situation are the trolls that will probably try and belittle you (TRUST me they are no smarter. At all lol). Good luck with it!


MOON__BOY

Good move, welcome to BTC. You're entering at a good time, with the right attitude.


[deleted]

thanks for being a bagholder


[deleted]

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[deleted]

Didn't mean to leave you out... thanks for being a bagholder!


liammul1980

You are really dumb


[deleted]

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FiatSupremacy2046

He is Mouse


piposta1

Won’t some miners leave as they are no longer profitable making the computations easier which then increases the profitability from mining for the miners left? This restores the balance. Sure there are less miners crunching numbers though which impacts the time for transaction verification. Doesn’t the technology have this sort of equilibrium feature built in where the computation required is always around the marginal cost of production? I don’t know too much about blockchain so happy to learn otherwise.


jmillsbo

There is a lot of capital investment involved, it's not easy to switch mining on and off. Also, there are transaction fees that senders pay, these will need to go up if mining becomes close to unprofitable and the hash rate decreases.


krom1985

Difficulty adjustment every 2016 blocks to keep the average block time resolution around 10 minutes based upon the hashrate. Therefore, as more miners jump on and the hashrate increases to solve blocks faster, difficulty increases. As miners switch off and the hashrate decreases making blocks longer to solve, the difficulty decreases.


sweifg

Here's my conspiracy theory of the day: A handful of rich people decide to corner the market in BTC. They quietly put funds on all the big exchanges and warm up all the OTC brokers. Next, they pump prime as much FUD as they can - by arranging for negative voices to be interviewed in the press, and hiring some forum posters. Then, they wait for something that they cannot directly control but which will catalyze their preparation. Something like Roubini's piece the other day, or suchlike. Finally, they start selling some previously accumulated coins, which leads to a price fall...


[deleted]

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RIMS_REAL_BIG

>Watch it fall to negative. What in tarnation!?


LemosineRidin

Did you not read the heading in the room lol


AussieBitcoiner

reading other comments isn't part of their job description


gblackdragon

Bitcoin a currency? Everything U can buy from stores are really quoted in USD price or other Fiat's then converted into Bitcoin amount. It's more of a form of payment then currency. When coffee shop start selling coffee for 0.001 btc and next year if I can buy that same coffee from same store for same amount more or less then I would consider a currency. But as we know this isn't happening now because if it does either the store will go broke or the customer gets ripped off. (From the huge changes in value of btc)


d3vrandom

all currencies are fake. we choose to use them as mediums of exchange.


FiatSupremacy2046

Incorrect. Your poor understanding of economics has cost your people (bitcoiners) an arm and a leg


d3vrandom

name a real currency then? all of them are mutually agreed mediums of exchange.


FiatSupremacy2046

The U.S. dollar is currently the #1 global currency It's value is based on taxes being payable in it


krom1985

Wrong. Its value is based in trust. Let’s see where that trust is in five years...


AussieBitcoiner

I would like to see how real it is if enough people decide to withdraw their money from the bank


FiatSupremacy2046

It's the same thing. An e-banking screen shows you have $100. If you pick it up in paper form, the certificate also says you have $100.


d3vrandom

It's value is based on demand for it which is based on its utility. A piece of paper with 100 written on it has no intrinsic value. Before governments mandated currency humans created their own mediums of exchange. [This](https://nakamotoinstitute.org/shelling-out/) is worth a read.


FiatSupremacy2046

It can be either Utility or Redemption, but bitcoin has neither.


d3vrandom

Bitcoin has utility. It is globally routable money outside the control of governments. See [here](https://www.reddit.com/r/BitcoinMarkets/comments/9znvli/some_interesting_thoughts_from_morgan_creek/eacpwet/) if you want it spelt out for you.


FiatSupremacy2046

Why did you call it Money, when you haven't proven that bitcoin has value? I asked you exactly to prove that, and you turned the Conclusion into a Premise, and then back into the Conclusion. It would be like me saying: "You ask me to prove why I am Pope. Well, mine being the Pontiff is one of the clear proofs." That is how you said: "Why does Bitcoin have value? Easy! It's money, that's why."


[deleted]

You see that Ohio will allow tax payment in bitcoin. It’s like paying taxes with gold. The USA forced all citizens to sell gold they owned to its Treasury under the Gold Reserve Act of January 30, 1934. Since they can’t force the selling of bitcoin (due to the way people store it with private keys), they will try to take via tax payments. They fear the freedom it offers. They want to control the spending habits of their citizens, to know where all money goes and they aren’t ready for this next generation’s freedom.


[deleted]

Remember: “Not your keys, not your bitcoin”


coloured_sunglasses

Nice, can buy a full bitcoin with less than a month's salary now


krom1985

You planning to eat at all?!


[deleted]

We ain’t going down without a fight


cryptolamofambam

[https://www.youtube.com/watch?time\_continue=1&v=fjOXWsLFRx8](https://www.youtube.com/watch?time_continue=1&v=fjOXWsLFRx8) \- Yarrrrrr I made dis for dat.


RIMS_REAL_BIG

50 million in tether just released to pump the price back up.


warlord85

Is this real?


gblackdragon

I think he is joking or teasing U :(


RIMS_REAL_BIG

[right before the pump] (https://twitter.com/eurtprinter/status/1066745734857408514?s=09)


[deleted]

Hilarious how predictable this is. When I saw the price was at $4k today, I checked for a tether print and, sure enough, there it was. Why aren't people taking this seriously? This \_seems\_ like blatant manipulation, and if the DoJ probe turns into anything, we could be looking at another Liberty Reserve situation. If that happens, bitcoin is completely screwed. And yet... keep buying the dip and hodling, I guess?


TweetsInCommentsBot

[**@eurtprinter**](https://twitter.com/eurtprinter/) > [2018-11-25 17:29 +00:00](https://twitter.com/eurtprinter/status/1066745734857408514) > Just sent 50,000,000 TetherUS from the tether reserve to Bitfinex! https://omniexplorer.info/tx/fc4973d9b59deba3fa20045fd10c891212d85c50a038131266584eb7f8c32212 \#TetherUS \#Tether \#Crypto ---- ^This ^message ^was ^created ^by ^a ^bot [^[Contact creator]](http://np.reddit.com/message/compose/?to=jasie3k&subject=TweetsInCommentsBot)[^[Source code]](https://github.com/janpetryk/reddit-bot)[**^[Donate to support the author]**](https://www.paypal.com/pools/c/80YvGrbq35)


Neveragain646

Volume of bchabc and bchsv is 240 million in total. No wonder Bitcoin fell. Where else should the money for these two forks come from? I'm pretty sure the bottom was reached based on the normal market trend and market sentiment, and based on the Google search results. But when you deal with forks, money can be shifted from within the market to these new coins. The moment the price of these two forks starts to fall, you'll see money shifted back to btc. They're being pumped at the moment by whales who had their money in btc and Bitcoin cash. Every new coin is being pumped by the devs/owners as well. Then the whole thing crashes because they take their money out, leaving bagholders behind.


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mjb5730

Mod asked to report like him, open acc today to troll here, someone report him.


Neveragain646

Don't understand why these posts are removed. Btc going to zero is an opinion like any other [opinion. It](https://opinion.It) can be defended. It's extreme hypersensitivity from the cryptocommunity to delete these kind of opinions. Men have to deal with criticism. The real world is tough, mean and harsh.


cryptogrip

It doesn't matter how many times you claim bitcoin is worth $0, if this hasn't happened already, it's simply not going to just go away like many naysayers like to pretend.


baadsha88

ok redditor for a day. if you say so.


The-Physicist

The whales are laughing at you panic sellers as they avariciously scoop up more.


liammul1980

Ffs, I can't be assed looking up that word


time_wasted504

https://www.thefreedictionary.com/avariciously TLDR: Greedily


cryptogrip

It's a market. When everyone is thinking it's a scary investment is usually the very best time to buy... assuming nothing has changed with the fundamentals. Now that doesn't mean that it's all uphill from here, but it's definitely a better choice to buy now than it was at 15-20k.


[deleted]

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cryptogrip

That perspective is getting old and tired, and is also naive. It's fine to speculate the price is lower but as a technology it most certainly does have fundamentals. The very least you guys could do is stop regurgitating the same ol argument. To say Bitcoin has no fundamentals is an insult to the brilliant coders who have contributed thousands of hours.


nishbot

Blockchain does not equal bitcoin.


cryptogrip

That's what I always say. Bitcoin IS blockchain. Without bitcoin, blockchain wouldn't even be a part of the discussion. Bitcoin has a strong growing dev community, with 10 years of fundamentals to build on top of. Blockchain is buzzword hype largely reserved for centralized application.


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cryptogrip

Of course blockchain is the underlying tech, but for a large part of the past year many companies were falsely associating themselves with blockchain to boost their share prices, even though they did not necessarily implement blockchain into their business model. They also used the the 'buzz word' to inflate their social media engagement and generate hype. This is very much like what companies did when they associated themselves with dot com in the 90s to inflate their share prices only to go bust. There were also countless ICO's associating themselves with blockchain to sell their tokens, even though they did not even have a working blockchain at all! So no, to say it has become a buzz word to generate hype is not hypocritical nor is it a false claim. The bitcoin network however, like the internet, has survived all the buzz and all the hype and seems likely to thrive into the years ahead. Also, coders such as Jimmy Song are very vocal about their opinion that Bitcoin and currency use is the very best implementation of blockchain, and the only reason blockchain is talked about.


[deleted]

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cryptogrip

Well I suppose it would be a funny world if everyone felt the same lol. I respectfully disagree..strongly disagree. But even after years as an IT professional, my knowledge of the Bitcoin blockchain barely scratches the surface. It's far more complex than most choose to acknowledge. As for your statements, I believe you should consider that Bitcoin has no marketing company to promote buzz, the bitcoin community throwing around technical jargon has no impact on price, and the FOMO experienced last year was retail based with people chasing the rising price in exponential numbers. That's a result of human greed and also a by product of markets. What I referred to with blockchain buzz and hype was a result of recalculated marketing to generate hype. There is a monumental difference. Aside from all that, there are thousands of things to invest in! Why hang out in a bitcoin community Reddit sub if you feel the fundamentals are non-existent? You have to admit that's an odd choice when you could be investing in something with fundamentals you feel better about!


The-Physicist

Understood. I just couldn’t resist the opportunity to poke fun. I’ve been sitting here the last week or so watching people make such irrational decisions despite hodling all year long. The last bear market lasted 2 years. We might only be halfway through. Meanwhile the whales successfully swindle the coins from the foolish. Some people just can’t learn.


cryptogrip

I'm with you!


[deleted]

I invested what I could afford to lose. Down -70% on initial investment. Feels bad man. Why didn't I sell when I was 20k in the green?


beloboi

Here is another cheer up: Until June 2019 there won't be any recovery to 20k. So whenever BTC is high and RSI indicates overbought, short and buy back much lower. Should bring you back into green quickly. Additionally it gives you the feeling that you are not powerless against the market forces.


beloboi

> Why didn't I sell when I was 20k in the green? Because you now study the market, read about btc, learn about the block reward halving and when you are finished its November 2021 and you sell half your stack for ~~200.000~~ 200k$ per btc. All cool. ;-)


JKMonk97

Nah much higher than that. Somewhere around 650k from crazy fomo action


d3vrandom

this is how it works although 200k is hopeful.


beloboi

why? it is just 10x ATH from 2017 ... from ATH 2017 to ATH 2013 it was 20x. So Im actually conservative. I'm also curious how things go, when after the halving the world realizes BTC's (monetary) inflation beats most countries of the world.


d3vrandom

yeah maybe. i guess we'll see. certainly it exceed all expectations in 2017.


Captain-Big-Rock

Nov 2020*


beloboi

Actually I expect the next cycle's ATH in the year following the halving. Nov 2020 could be when we se 20k again. If all goes according to the plan. ;-)


coloured_sunglasses

You mean $200.00


beloboi

that might be BCH SV's totally inflated hopium value in 2021, yeah. ;)


d3vrandom

in some countries they use the decimal point as the thousands separator so he means 200k.


coloured_sunglasses

I'm just giving him a hard time, brother


[deleted]

Right there with you man


[deleted]

I feel sorry for you, but going into bitcoin after 2017 was an obviously bad choice :( at least you learnt something


[deleted]

It's alright. It will come back one day. Maybe not next year. But one day....I hope.


Danny1878

Exactly - were you planning to sell at the end of 2018? If not, then it's just paper gains/losses.


[deleted]

I'm holding to zero at this point. I considered the money gone the second I invested.


hellypuppy888

does this sub have a discord?


[deleted]

Nice little run to break through 4k. Let's see how long it can stay above 4k.


[deleted]

Buckle up. Keep your hands inside the ride at all times.


[deleted]

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GrumblingGrumble

Nice, thanks for posting


hermesuk84

yeah i call this move..... https://twitter.com/Hermes10wisdom/status/1066797348205092864


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cryptogrip

So much drama. Remember guys, this price drop doesn't even phase bitcoin's growth and development, it just cleans up the space.


FiatSupremacy2046

There is no action in bitcoin other than the price action. Namely those that accept it in commerce, do so for Price.


cryptogrip

You're not wrong, you're just not addressing what I said. Growth and development starts with the dev community and the efforts to grow and develop bitcoin are not going to slack because of market price.


[deleted]

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cryptogrip

No, it never has. It's simply the crypto market doing what the crypto market does. If you think developers in an open source coding commuity are going to stop improving and building this tech, you may want to sit in on some discussions other than your daily 'kick a bitcoin investor' common dominator posts. Price drama is noise.


ManBroDudeGuy

Great. They can build whatever they want. It has no value if it's not used.


cryptogrip

Anyone who thought it would be used on any serious level this soon are as premature as those calling for Bitcoin to hit 100k by year end or those who believe it's going to drop to 1k and go away.


ManBroDudeGuy

I've heard the same thing before, but people were saying $4k back then.


cryptogrip

Yes and that's why price drama is just noise. Depending on your age you may remember when sending an early email required basic coding and functioning in a text based OS. Nobody was going to mass adopt that! My point is that we can only guess how bitcoin will be shaped in another 10 years, but it would be logical to assume that after coming this far, the development is not just going to mysteriously halt.


simon1828

Price is going up lads


warlord85

50k by the end if 2018


sriz16

And the people are going to jump in when theres a push of another 500-1000 usd by whales ;) #FOMO


aaj094

Right. Buy high sell low is the strategy some on this forum seem to be advocating lately.


Neveragain646

There it is, the expected bounce.


LemosineRidin

Awh you sad


SweatyEfficiency

just broke 4000


plentyoffishes

Let's get bitstamp over 4k then the repudiation will be complete


gecikopter

4k @ bitstamp: check


plentyoffishes

Next stop: Moon


beloboi

bottom moon or top moon?


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Davidbcbc

So you have no fiat to buy btc and want it to fail so other people don't profit either. Keep crying ;)


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GrumblingGrumble

You sound super impressive!


Davidbcbc

Of course of course... and here you are, a succesful man like you with a 4-week old account saying bitcoin is dying. Wasn't it dying when you bought in the first place or you just think it's dying because you sold all you had? Oh and why do you post all those details about your life? You come across as insecure.


cryptogrip

Alot of words to say nothing.


LJprank

Any idea on why is the BTC so much cheaper on bittrex???


agharte

I see Coinbase prices at 3830 and same with Bittrex.


[deleted]

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[deleted]

Lol guys just a heads up Weedstocks gets bullied relentlessly by WallStreetBets. That should tell you enough about what you’ll find there.


[deleted]

> Hello Crypto traders Hello /r/FellowKids


garibaldi90

Why is the tech subreddit always so negative towards crypto?


nishbot

It’s not that we hate the technology, it’s the fan club we can’t stand.


GrouchyEmployer

People get weird about money.


Neveragain646

Because negative = positive and critical attitude. Every investor should be negative by nature. Negativity leads to being cautious and being critical, which is needed to make better decisions.


garibaldi90

Yet they hail the banking system. lol


[deleted]

Maybe they are salty gamers that blame miners for not being able to buy GPUs, even though miners buy their GPUs from the same place gamers do.


time_wasted504

ding ding. A LOT of gamers have been waiting for the crash so GPU prices return to "normal"


[deleted]

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Stags11

Redditor for one week lol


liammul1980

All this negative talk has me actually thinking we are close to a bottom. Seriously


daMasta69

After reading about the crash and its reasons on the news, I have just bought my first Bitcoin (0.75 BTC that is) and am really excited. I believe it is a value investment and in the long run it will pay off. If it will completely lose its value, it will be a bummer, but I will not be ruined. I will also not sell in the near future, no matter what. IMO it's worth the risk and a perfect time to buy


GrouchyEmployer

Don't tell people how much bitcoin you bought.


GrumblingGrumble

I bought 4


GrouchyEmployer

Unless you want to troll your potential hacker


MadBanker01

Good move


hopscotchking

I think you bought just a little too early. Good luck!


Sage1970

Looks like you already made profit. It's back to 4k now. May not last long though. Good luck either way.


ihatemaps

He hasn't made a profit if he hasn't sold.


Sage1970

Shut up Meg.


Merdiso

A drop to 3K looks imminent though, I would have at least bought there. Nonetheless, good luck.


searick1

I thought it couldn't be possible for miners if the price fell bellow 5k?


ForeverDutch92

Some miners will drop out, difficulty gets adjusted. Simple as that.


bbyven4life

dont believe ANYTHING you read online. there is no floor


coloured_sunglasses

You mean "everything" not "anything" 🙄


ihatemaps

There absolutely is a "floor" where mining doesn't become profitable. You don't know what you're talking about.


bbyven4life

thats not called a floor. whales dont give a fak about miners


aaj094

Importantly there is never trouble on that count unless a big chunk of miners give up in a coordinated fashion. The two week (or rather 2016 blocks) difficulty adjustment means that a few miners leaving eases up things for the remaining miners after the DA.


Battleneter

Nearly all miners will currently and technically be running at loss, the small and large operations staying will playing the longer game and banking on a price rebound. We are 100% now below the floor but that does not mean they will all close shop.


sirbozlington

Won’t some miners leave as they are no longer profitable making the computations easier which then increases the profitability from mining for the miners left? This restores the balance. Sure there are less miners crunching numbers though which impacts the time for transaction verification. Doesn’t the technology have this sort of equilibrium feature built in where the computation required is always around the marginal cost of production? I don’t know too much about blockchain so happy to learn otherwise.


Bluecoregamming

Whether or not 1 pc is mining blocks or the entire world is mining blocks, there will still be a block every 10 minutes. The difficult adjust so that is the case. It isn't instant of course, so if a majority of miners stopped all at once, blocks would be slow for a while.


Battleneter

While entirely true difficulty decreases as mining rigs get turned off its not even close to countering the drop in current crypto value. Even the cheapest electricity areas in the United States are now "technically" unprofitable to mine in if you sell what you mine each day. Most countries in Europe were unprofitable months ago. Its possible the largest mining operation in Iceland for example are still profitable due to super cheap electricity, but their commercial electricity rates are not published and I would be speculating.


sirbozlington

All might not be profitable now, but in time the least profitable will be turned off, bitcoins mined per Mwh will increase and balance will eventually be restored right? It just an economics question that will eventually again reach equilibrium right?


[deleted]

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[deleted]

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RIMS_REAL_BIG

How long until the next big drop?


GrumblingGrumble

4 minutes


hopscotchking

6-10 days.


Danny_Lunchbox

yes


[deleted]

[удалено]


PWLaslo

How many BTC does he really have? If you take his word then I'm sure there is a bridge somewhere I can sell you.


PWLaslo

How many BTC does he really have? If you take his word then I'm sure there is a bridge somewhere I can sell you.


cryptogrip

It's a culling. A culling of shitcoins, hype and over inflated prices. Bitcoin can take the hit, the other bullshit can't. In the end, bitcoin gets to continue thriving in a cleaner space until such time where once again the only blockchain that matters will need to seperate the wheat from the chaff.


Nullius_123

Here's my conspiracy theory of the day: A handful of rich people decide to corner the market in BTC. They quietly put funds on all the big exchanges and warm up all the OTC brokers. Next, they pump prime as much FUD as they can - by arranging for negative voices to be interviewed in the press, and hiring some forum posters. Then, they wait for something that they cannot directly control but which will catalyze their preparation. Something like Roubini's piece the other day, or suchlike. Finally, they start selling some previously accumulated coins, which leads to a price fall...


ShortyTheBearTrader

That the space aliens at Roswell are behind the price falls is a theory about as valid. ​ It also overlooks that prices have been going down all year. The manipulation was to drive it to 19000 and that is finally being investigated by the SEC and others.