I got in yesterday, if I only waited one more day.

iirc, you were in here thinking the same around late 2014. you've watched the 20x-er while waiting for a couple years, so in your mind, whats different now?

Entirely fair point. But I never in a million years hold 20x. I'm not sure I would have held 5x.

The difference of course now, is what I know. There was a lot we didn't know in 2014. Some of you did, and naturally I tip my cap to those people.

Ran out of suckers I guess, tulip bulbs 2.0

A few things occur to me :

Any asset class, which can drop 10%+, becos an industry figure, calls it a fraud, has issues.

The meteoric rise, has been met with China disruptions before, but, its never been openly called a Ponzi scheme/fraud, at such a prominent level. Apart from Jamie Dimon, other Nobel eceonomists, have recently said similar.

It will no doubt find a bottom, and it could easily be $1k or less .. few can really know, as I dont know what the intrinsic value, of any crypto currency is.

Currently $3370 .. down 13% on the day.

It's probably tulip bulbs 20.0+. These phenomenans have happened many times. Doesn't necessarily mean money can't be made though. Just don't be the last person to leave the party.

Was that the FLUSH or do we have one more to $2,800ish?

This is the key difference in calling it tulips 20.0 or whatever. It's not falling on it's own merit.

Google would be nearly dead if everyone else banned them too.

"industry figures" - totally meaningless. The only people listening to jamie dimon and some nobel prize winner are people who are trying to make themselves feel better for missing the huge upswing. No one who has any understanding of the technology cares about these people.

bitcoin bulls spike the football on the meteoric rise

bitcoin bears spike the football on the crashes

big YAWN to anyone who has been in the game for years.

Most people just have way too short of a timeframe.

ya, I mean it is still a ****ing coin and it's over 3k. I anticipate it leveling off here soon and then pry full steam ahead, could be awhile for that though. My memory is not serving me too short on this matter, it's still a $3,300 coin. I like the blockchain tech and I anticipate sunny skies long term for btc

Anyone getting into Bitcoin should know it's not gonna be a gentle ride.

No one gives a crap what Jamie Dimon said. The drop is only because of China.

It's been bashed hard by prominent financial figures in the past. Buffett to name one. Think this drop has little to do with Dimon, and almost all to do with China and general volatility/corrections.

Also you way overuse commas in your writing and it makes it confusing to read. FYI

If you're planning on holding for the long-term then why are you asking for advice?

Couldn't you anticipate how you would feel if sh*t hit the fan after you invested what appears to be a good chunk of your roll?

The market doesn't give a fu*K that you have FOMO and nobody here can tell you what's going to happen.

These desperate posts are seriously embarrassing and just serve as another qualitative anecdote for the wise posters to look down at BTC speculators and say to themselves "Yep, Tulip Bubble".

How many people buying/holding BTC know Jamie Dimon, or even listen to him? And if they do, how many will be "oh yeah, if JD says it's a scam, i better sell".
He said somth similar a few years back, what else are you gonna say in his position anyways. I'd argue that those who have BTC and know him, are below 1% on his sid

70% China, 30% it can't double every day forever.

To people worried, you haven't seen much. Lots of loose hands, let's enjoy the ride! I view it more like a throwing a cigarette into a dry california forrest. At 5k levels, pumped up markets, weak speculators, small issues can cause big fires. China certainly was a bomb, but nothing we haven't seen before.

Anyone anxiously watching/waiting to load up more btc and other coins?

Just trying to determine when its actually at its total low... which is like shooting fish in a barrel obviously but you get my point. But its been hovering around the 3300-3400 area for a while now

How do gamblers sell their bitcoin for USD?

I am not going to use coinbase even through an intermediary wallet because there are still risks. So what do you guys use? Maybe I can be convinced if that's the only way.

Also, I want to sell my bitcoin and jump back in when it starts rising again. What's that called in investing?

Coinbase.

punting

lool, buttmad nocoiners ITT

There are still so many countries that will be legally regarding BTC as a currency in the coming years. As they do the price will rise again.

Would not be surprised if Russia jumped on the back of this and made BTC an official currency. Price would skyrocket.

I have a serious question: Why would any country make BTC an "official currency". It's not like any country is particularly interested in its citizens moving money from its legal tender to some crypto just for control and tax reasons alone. Isn't it the greatest fear of all (national) banks that they can't create and manage their own currency? That just seems highly unlikely to me in a world where states do everything to get as much information as possible on financial transactions.

I've been casually following it and am downright alarmed at what's happening right now. The entire thing never sat right with me (because I didn't understand it). I almost jumped in a few weeks ago to screw around but I'm glad I didn't, and I don't think I will.

It's really interesting to watch/read what's going on, along with this threads opinions.

Anxious to see whether OKcoin and Houbi can cover customer balances