Bitcoin Crashing

[Bitcoin god No.3580220]

Anyone know why the price is going down?

[Anonymous No.3580225]

>>3580220
because I bought some at 3800.

[Anonymous No.3580230]

because it's not going up

[Anonymous No.3580235]

Because its a cripplecurrency what did you expect

[Anonymous No.3580240]

Chinks + Kikes

[Anonymous No.3580241]

Youll know why in 10hours

[Anonymous No.3580247]

>>3580220
https://www.youtube.com/watch?v=RDrfE9I8_hs

[Anonymous No.3580252]

>>3580220
Same as last week the chink news is not fake and they hold most of the btc and mine the most you do the math. shit will be going 22-25 I forsee

[Anonymous No.3580259]

>>3580220

read the charts...


It needs to go down to $2200 to get rid of it's loose ends.

If it doesn't do it now when it's $100000+ one day it will have to crash all the way down to $2000.

[Anonymous No.3580261]

Because its a test

[Anonymous No.3580274]

because it was $800 at the beginning of the year

[Anonymous No.3580317]

>>3580220
It's the coin we all know about and think we understand. It keeps our gains firmly on the ground and our world circling the blockchain.

Yet look a little closer, and the certainties start to float away, revealing bitcoin as the most puzzling and least understood of the new paradigm.

So far, our best explanation comes from satoshi theory, the leading candidate for a “theory of everything bitcoin”. Satoshi theory requires that the universe has more than the three spatial dimensions that we experience, and possibly as many as 10. According to satoshi theorists’ best ideas, bitcoin leaks in and out of these extra dimensions. We only get to experience a dribble of the true strength of the blockchain.

Hope this helps OP.

[Anonymous No.3580965]

Here's some thoughts on today. It's by no means crashing. There has never been a market in existence that didn't have a correction after parabolic buying. If you're bullish longterm it's still in a nice pullback area for adding on.

[Anonymous No.3580975]

It's up 250% since January 1. This is a healthy correction before the moon mission resumes.

[Anonymous No.3581228]

>>3580220
because it's a fraud

[Anonymous No.3581775]

>>3581228
Go to bed, Jamie.

[Anonymous No.3581804]

>>3580259
I've seen you repeat this in multiple threads now. What exactly do you mean be "loose ends"

[Anonymous No.3581847]

>>3580220
Because its not widely adopted yet....

[Anonymous No.3582191]

>>3580240
At the most fundamental level it's all kikes

[Anonymous No.3582197]

>>3580220
>crashing

[Anonymous No.3582364]

>>3580220
China

[Anonymous No.3582399]

>>3581228
Get rich quick schemes only work if you're the mastermind

[Anonymous No.3582408]

>>3580220

I just want it to stop.

[Anonymous No.3582418]

>>3581804
It means he has a loose end from taking too much nigger pipe.

[Anonymous No.3582423]

>>3582408
Aww it'll be over soon, sweetheart.

[Anonymous No.3582425]

>>3580220
Real talk it is because I touched myself last night.

[Anonymous No.3582434]

holding bitcoin 2 options:
You think it will rise in value over time: hodl, dont fear dipps.

innit 4 quick buck:
buy more now, sell when you made profit, repeat untill rich. eventually your 3.8k buys will be turned into profit

[Anonymous No.3582436]

>>3582408

>He doesnt want cheap btc

[Anonymous No.3582503]

Sell BTC, buy JPY. Then yen is about to go up.

[Anonymous No.3582525]

>>3580220
>buying an asset that everyone on the soverign/regulatory/economic research side realizes is used by 90% of buyers as a temporary position used to circumvent laws

>being surprised when said regulators crack down on it, and when chinese asset holders sell for actual money/take advantage of other loopholes, and skip the crypto markets.

You coinbros are way too dense, and its going to wipe most of you out

[Anonymous No.3582529]

>>3580220
Bitcoin is about to die because its tech is inferior and can't solve the oracle problem.

[Anonymous No.3582619]

>>3581804

On charts.. upside down red candles with wicks hanging out.


Think of the candles in charts like building blocks of a skyscraper. If you have a loose end the whole thing can collapse on itself somewhere down the line. To prevent that... retraces need to happen.

[Anonymous No.3582636]

THIS
IS
THE
FLIPPENING

[Anonymous No.3582638]

see the upside down red candle wicks...

that's a 'loose end'

[Anonymous No.3582646]

>>3582619
Fuck off with that Jap candle bullshit. It's proven to be horseshit like the rest of TA

[Anonymous No.3582658]

>>3582638
can you show this with 3 second candles please?

[Anonymous No.3582747]

>>3582658

no but I know....

BTC will go down to $3475-$3500
ETH will go down to $241-254

within the next hour or two

I'm not sure if it will shoot up from there or have to go down further...

BTC has loose ends at $1700 & $2200-2500.
ETH has loose ends at $13 & $130.

If they don't retrace and get covered by another candle down the line they will have a negative impact on both of their growth. A huge crash.

[Anonymous No.3582764]

>loose ends

[Anonymous No.3582776]

>>3580220

newfag here

what the fuck is a candle wick? is there a website with terms and explanations?

[Anonymous No.3582882]

>>3582525
>buying an asset
>an asset
>asset
Assets are things that make you money, not lose you money. Subtle distinction

[Anonymous No.3582886]

>>3582776
Fucking google it my man. Its very simple to figure this shit out on your own without being spoonfed

[Anonymous No.3583041]

https://www.amazon.com/dp/B075VGYVYM

[Anonymous No.3583127]

>>3582646

Okay then fuck off and use a line chart and have no clue about what happened per each timestamp, MORAN

Though I agree about the dude's candlestick advice. It's buttfuck retarded.

[Anonymous No.3583294]

It's a dip, you dip

[Anonymous No.3583404]

>>3583294

imo its a trend, we're going to head below 3k over the next week or so, possibly down to (((2200)))

[Anonymous No.3583420]

>>3580230

[Anonymous No.3583512]

>tfw you were going to ride some waves this weekend but your bank transfer didn't go through in time.

REEEEEEEEEE

[Anonymous No.3583597]

>>3583404

Still a bull measuring gap at 3k area. Until that is crossed, on daily we are objectively in an overall bull trend. Bears are trying to move through that price, and any rally will be a breakout pullback short.

[Anonymous No.3583618]

>>3583597

Attached is what I mean by measuring gap. Financial traders look at this stuff and many algos are programmed to look at it.

[Anonymous No.3583619]

hey listen to me fagget


youre a fucking cunt

fagget


suck my balls nigger
im the boss

yes

.,... just money bitches and anything else im the master
of trap music (yes)


hashtag)

everyday i start money on pussy on without trouble
yes

no trouble at all
really not problem wiehth pamaking money every single
second of my lifeee (yes) money onnn bitchess
im a god yes cant beatme fucking ngigersss

[Anonymous No.3583626]

>>3582747
>>3582638
>>3582764
>>loose ends
What did you guys mean by this?

[Anonymous No.3583642]

>>3583618

Another for those interested.

[Anonymous No.3583663]

Only 1% of the world population knows
about bitcoin, if we can get 2-5%
aware we're all billionaires

[Anonymous No.3583684]

>>3583642

And finally... tada

Anyone making absolutist bets - bull or bear, don't understand the balances going on. Neither side is currently that good at making things happen, therefore most likely more trading range price action.

[Anonymous No.3583716]

>>3582425
You son of a bitch.

[Anonymous No.3583748]

>>3583127
All I use is line charts anymore.

[Anonymous No.3583766]

HOW AM I GOING TO PAY MY LOAN SHARK

[Anonymous No.3583936]

>>3583766
Legs or fingers

[Anonymous No.3583948]

>>3582886
>>3582619
So I googled this and it sounds like it just means lower price was tested, rejected and lead into an uptick. How is it a "loose end" ? Isn't the wick just indicative of 'testing' resistance in that direction, and if resistance is present then you have the wick remaining, and if no resistance is present you'll see the candle form? Or am I wrong there?

[Anonymous No.3584009]

>>3583684
Is there good support at 3500 now?

[Anonymous No.3584038]

>>3581775
>$8
well, looks like we got a long way to drop friends

[Anonymous No.3584374]

>>3580220
>Anyone know why the price is going down?
It's utility as a currency has been sabotaged.

>Expensive, slow
>devs scamming to take your money
>devs well-paid by the cabal to sabotage decentralized tx system

Average tx value is over $30k, median is over $500.It isn't being used as a currency and it isn't effective as a currency.

Furthermore it's no longer fungible, anyone who donates to Anglin or Weev (Dailystormer) gets blacklisted on coinbase that I know of and probably other exchanges too, this is happening to a lot of people not just a few.

Meanwhile thymos bans everyone critical of jew-financed blockstream from redit and even BCC guys don't want to talk about fungibility because they have the same issue, so we pretend it doesn't exist and isn't happening regularly right now as we speak.

The product is gone, the team is corrupt.

[Anonymous No.3584403]

>>3584009
3500 seems rather stable at the moment. We will cross it sooner or later nonetheless.

[Anonymous No.3584404]

>>3584374
keep believing jihan ver you contrarian faggot, just know that where there is smoke there's fire
ETH literally just copied the lightning network with raiden and you STILL believe the big block propaganda lmao
money skeleton himself just copied fucking segwit

[Anonymous No.3584443]

>>3584374
So what's the next best option? I'd say Monero maybe, but it sounds like they'll have fungibility issues too if I understand things correctly.

[Anonymous No.3584445]

the loose ends .... looose enddddss

[Anonymous No.3584503]

>>3584404
BCC works, BTC doesn't and neither is fungible.

[Anonymous No.3584514]

Is it a good idea to buy now @3600 or keep waiting for it to drop? What ya guys thing? How low can it go?

[Anonymous No.3584570]

>>3584443
all the problems of BTC are adressed by NXS
>open mining pool so no mining whales
>quantum resistant, nearly instant transactions
>hosted independently in space with decentralised internet so nobody will regulate it, ever

[Anonymous No.3584592]

>>3584443
I can't figure out of the govt niggers buying up Monero is legit, IMO we won't ever know.

If they are and if they're doing so because they can see the IPs for a sec during tx, I don't think this presents fungibility issues but it does bring up others.

I'm hodling BCC long term and dolar pegged crypto until we hit 2800. I'll buy XMR and ETH. I expet at some point BCC will address fungability, not sure if blockstream can fix or implement anything or if it evens wants to.

>>3584514
You might make a few bucks if you buy it now and sell before it starts going down again.

[Anonymous No.3584607]

>>3584570
BTC's become a shitcoin reliant on buzzwords, censorship and deception.

[Anonymous No.3584813]

>>3580220
Chinese sell because they're afraid of the rumours

[Anonymous No.3584950]

Pretty sure will crash hard soon, to many icos and alt coins + new tech, can't be king forever, screen shot this.

[Anonymous No.3585249]

>>3580259
keep dreaming fag

[Anonymous No.3585284]

>>3580220
every time btc gains +$2000 it has a bear market for a month. funny how people can't figure this out and have to come up with all of these "reasons"

[Anonymous No.3585293]

>>3580220
#1: China is slowly exiting the market.

#2: Goldman Sachs said the current floor is $2200. Their calculations might be pure bullshit, but that doesn't stop normies from believing them. It becomes a self-fulfilling prophecy as more and more normies sell in fear of GS being right.

#3: We've had an insane growth these last few months. A ton of normies who aren't crypto-ideologues caught the train late, thinking that BTC is some sort of get-rich-quick scheme. They are the weakest hands, and as they see the price decline because of the above, they sell

Anyone who tells you we're destined for $5000 before we experience another major crash are either delusional ideologues or want the price to increase so that they can dump their bags on you.

[Anonymous No.3585312]

>>3582638
>>3582747

reminder that "loose ends" are fake buzz words and this guy is a kike

[Anonymous No.3585347]

>>3585293

dude, with so many coins around and better services/tech if bitcoin will stay at $50 will be king, was just a bubble

[Anonymous No.3585753]

>>3583948
a jk buddy, a jk

[Anonymous No.3586065]

>>3585347
There's no bubble, crypto is a rapidly growing market with a huge potential demographic: everyone who trades with currency. And in that market, there are very few coins with functional utility.

[Anonymous No.3586096]

>>3586065

partially true, there are one gazillion coins now, who the hell will want the most expensive one when are so many alternatives, that's why will lose ground, and frankly, the bitcoin core wallets are shit

[Anonymous No.3586247]

>>3586065
>There's no bubble, internet businesses is a rapidly growing market with a huge potential demographic: everyone who uses the internet

I'm not saying that cryptocurrencies aren't the future, but to say that we're not currently in a bubble is pants on head retarded. You are one of those delusional ideologues I spoke about earlier.

[$4CHN:CexTgEYPrRVvA1uQ9WAzakJ4(...) No.3586419]

>>3586247

[Anonymous No.3586443]

>>3580220
Well here's the question, what's the benefit of crypto?

[Anonymous No.3586461]

>>3586443
Law breaking, same as everything else crypto-nerds are into. That's basically it.

[Anonymous No.3586609]

>>3580220
second bullflag failed and from there on only bearflags so far.

[Anonymous No.3586632]

>>3586419
It's easy to set up a stock trading account and people have been trading stocks for hundreds of years. To set up a crypto account on an (often somewhat sketchy) exchange they want all sorts of personal info and a selfie of me with shoe on head and sharpie in pooper. Fuck that noise says your typical normie.

[Anonymous No.3586654]

>>3586461
Oddly enough, that's pretty true. Issue is other random methods offer it just as well, and as Bitcoin becomes a more normalized speculative commodity, that one feature fades.

[Anonymous No.3586746]

It's not a matter of whether or not it's a bubble. It obviously is. The matter is how high it'll go before it pops, and that's impossible to know... Hopefully it goes all the way to 100k. Maybe 500k, who dafuq knows, it's a fun ride thats for sure.

[Anonymous No.3586852]

>>3584009

That's where the double bottom bull flag is. If you're a longterm investor looking for a swing it is an okay buy.

Basic day trading math:

If your probabilities are around 40-50% you want to swing for at least 2x what you're risking. If probabilities are 60% or better you can scalp with 1:1 reward risk.

If you're a longterm investor you are buying in this area for a swing. It's okay to buy here but if price goes lower you will probably just want to scale in at strategic spots and obviously not panic sell.

We're in a trading range now. Buy anywhere from here down to 3k and hold long for a long time. If it goes under the measuring gap and 3k then this is not a healthy bull (it's already not that healthy with the sell-off being strong). If we move back up past 4100 there will probably be sellers above scaling in again. If we test up near the all time high the bears will be setting up for a lower high or higher high major trend reversal (google it +al brooks) and that will have to be examined.

[Anonymous No.3586877]

>>3580965

Where can I follow your future analysis anon?

Your chart is the best mixture of minimalism and precise explanation I have ever seen.

[Anonymous No.3586914]

>>3586877

I post here occasionally but you can follow the bitcoin thread I post in on brookspriceaction.com

http://www.brookspriceaction.com/viewtopic.php?t=4198

I only started it last week or so and only 2 of us post in it.

I've been a student of Al Brooks for 3 straight years (2013-2016) - being in his webinars Mon-Fri following ES futures all day. He's my favorite daytrader because he's one of the very few who isn't full of shit and says it like it is and gauges probabilities well, and that's the most difficult and crucial component of the 3 variables: reward, risk, and probability

[Anonymous No.3586924]

>>3582638

There were 4 separate loose ends on that chart, and only one retraced.

Please explain why.

[Anonymous No.3586996]

>>3582646
This, stop using candles, only use lines.
Candles are only for me.

[Anonymous No.3587026]

>>3586924

What the fuck does he even mean by "loose end"? Just watch how candlesticks form - they are timestamps of the activity that went on at each point and it is really fucking obvious to understand how they form with a 5 min youtube video or just watching them on a lower time-frame chart.

Any beginner 101 trading course will tell you that tails or wicks on the bottom means there was buying that pushed it up before the closing price on the candle. But a single fucking candlestick or a few is a few trees in a forest. It has to be read like a language, like reading a historical scroll, and if you are good enough you will have a better idea about probabilities than some dipfuck with a line chart or kids claiming to know magic candle patterns.

[Anonymous No.3587037]

>>3587026
He's a panicking jew that fears liquidation on his short, probably.

[Anonymous No.3587040]

>no more loose ends

[Anonymous No.3587067]

>>3583597
>>3583618
>>3583642
>>3583684

Where can I follow your trading charts?

[Anonymous No.3587078]

>>3586914

Signing up to brookspriceaction now so that I can follow your analysis. Thankis anon.

[Anonymous No.3587083]

>loose ends

[Anonymous No.3587086]

No fucking loose ends. No fucking half measures. If you're not fully committed with full capital allocation into bitcoin including your 2nd mortgage loan then you're a fucking lamer normy who will be left in the dust.

Those candle loose ends in the pic prove it, give 100% probs, and allow us to mercilessly leave plebs behind with a profound lack of benevolence. We're all fucking multi-millionaires on here and you better not share that fucking info or we'll mow your sorry ass down with out lambos, then feed our 6 figure exotic pet birds with your entrails. CUNT

[Anonymous No.3587140]

>>3587078

Okay but idk how long I'll be consistently posting. I might hibernate on a hodl who knows. But Al Brooks is the god. I am just a copy + paste of his knowledge and sometimes I dislike daytrading for too long because it stresses me out. I swear though, once you understand the underlying logic that *everyone* even institutions *must* follow to be profitable (traders equation - google it and maybe find an Al Brooks article on it), you will understand markets better.

The guy has been trading for 30+ years. Imagine how many days of sitting on your ass in front of charts that is. It's wild. I recommend reading some of his articles (he has a blog and stuff). You can also join his webinar for free for 2-3 days (I think) and watch him on ES.

[Anonymous No.3587161]

>>3587086
You tell 'em girlfriend

[Anonymous No.3587169]

>loose ends

[Anonymous No.3587171]

>>3580241
But I want to know now

[Anonymous No.3587172]

>>3580220
Because it's a scam. Bitcoin is a pyramid scheme. If bought it at the $4k to $5k range, then you got screwed.

[Anonymous No.3587213]

>>3587140

30 years he has been sitting there? Are we sure he's not a cyborg?

I will follow your thread on there and if you stop posting that's ok. But I will follow. My username on there is BrofistAnon.

[Anonymous No.3587237]

>>3586924

They will retrace... it doesn't always happen right away. It can take days or weeks or months.

[Anonymous No.3587238]

>>3587213

Topkek. If you're ever curious about something feel free to post a question in that thread and I'll check it out.

[Anonymous No.3587239]

Look. Crypto is a bubble, as was dotcom 1.0 before it crashed. But that didn’t mean that the dawn of the internet age wasn’t upon us and that the companies that actually represented utility and thus profits didn’t go on to survive. Amazon and Google made it and their investors got rich. Pets.com and a thousand others died on the vine and wiped out millions along with them. Same thing will happen here. Crypto is in its incipient phase and some of them will go on to survive and make some people very rich. The rest will die. It’s possible that since BTC got there first it’s the one that will survive but it’s by no means a certainty. It may very well be one that hasn’t even happened yet. Still I’m accumulating my BTC and Etherium on the dips because if they do become household names like Google and Amazon, they’re going to be huge assets to hold in a diversified portfolio. The ICO’s, however, are an identical phenomenon to the day trading of the early 00’s. Some people will make money but it’s all mostly garbage.

[Anonymous No.3587301]

>>3587238

[Anonymous No.3587329]

>>3584443
DASH.

[Anonymous No.3587331]

>>3586852
wtf are you doing, the bullflag broke already

[Anonymous No.3587468]

>>3587331

Show it on a chart. I don't think we're talking about the same thing.

[Anonymous No.3587838]

>>3586852
thank you for input

[Anonymous No.3588214]

>>3586632
>they want all sorts of personal info and a selfie of me with shoe on head and sharpie in pooper.

what fucking exchange are you using lol

none of the ones i've used needed anything unreasonable

[Anonymous No.3588266]

>>3588214
I live in Canada ...

[Anonymous No.3588273]

>>3586852
Do you really believe all the bullshit you just posted and made?

There is a reason there isn't a single successful person in finance who thinks anywhere close to you or TA manchidren

[Anonymous No.3588367]

>>3588273

>looking for spots based on areas where the market has a vast history of probability case examples reacting in certain ways, in order to buy and hodl an asset that offers value and solves problems. looking at measured moves which can be plainly seen on any timeframe all over the place. Looking at things many algos take into consideration for trading decisions

[Anonymous No.3588384]

>>3586852
lol, this is all a stupid tea-leaf reading. You can make this say anything.

[Anonymous No.3588494]

>>3583512
>ut your bank transfer didn't go through in time.

[Anonymous No.3588526]

>>3586632
Crypto exchanges are just like the online casinos back in the day.

[Anonymous No.3588858]

>>3582529
What's the oracle problem?

[Anonymous No.3588883]

>>3588858
the problem that suddenly is the biggest problem in the world even if people didnt even know about it before

and mind you smart contracts has been around a long long time no not ethereum smart contracts

[Anonymous No.3588895]

>>3588858
>the oracle problem

Thinking about decentralized crowdfunding, bounty award systems, gambling, prediction markets, and the like, I keep running into one problem that I have trouble seeing a solution to. I think of it as 'The Oracle Problem'. Wondering if anyone knows of planned solutions on the matter.
All of these type of systems require some sort of conditional test. A question must be answered to complete the transaction. In current systems we rely on a centralized system to serve as the Oracle -broadcasting whether or not the conditions were met and triggering the appropriate response.
So these centralized Oracles answer questions like:
Did the required sum get raised to release the funds (crowdfunding)?
Have the terms of the bounty award been met?
Has the prediction come true?
Did the Red Sox win?
Who won this round of Starcraft/LoL?
And so on and so on. To get to a place where we can have decentralized versions we need to have decentralized Oracles, and I have a real hard time conceptualizing how that would work.
Let's say we wanted to build a decentralized crowdfunding app using Bitcoin. We only want the person raising the funds to get the sum if a certain minimal threshold is met. If you raise $2,000 or more you get it all, but otherwise all the payments are returned, for example.
How do we not have a centrally controlled party sitting in the middle that holds the funds and determines whether the sum is large enough to either release or return. How could you commit your bitcoin so that you could not go back on your word if the threshold is met, but without a centralized entity holding the funds? And how do they agree upon what the threshold is without a central system?
In the case of prediction markets or gambling, for example, how does a system without a central oracle determine that the Red Sox won last night?

[Anonymous No.3588950]

>>3588895
it always has been a human problem not a computing problem

even if they slap in elon musks a.i theyll just sue the guys who made the a.i in the first place

[Anonymous No.3589215]

>>3580220
CHINA

[Anonymous No.3589825]

>>3582747
t. JPMoran

[Anonymous No.3590486]

>>3588266
shit man, I feel for you

[Anonymous No.3590589]

will it go down hard way ? or is ok to buy few now at 3000$?

[Anonymous No.3590832]

>>3590589
buy what at 3000

[Anonymous No.3590834]

>>3580220
>bitcoin trash

[Anonymous No.3590947]

Time to buy soon then!

[Anonymous No.3591074]

>>3590832
Is 2.5k not realistic within a few weeks?

[Anonymous No.3591222]

It's all China's fault

[Anonymous No.3591238]

>>3591074
btc? no

[Anonymous No.3591239]

>>3588494
>tfw you count the killer waves your missing