Re: BANED ACROSS THE ST FOR DISSING BITCOIN!
Re: BANED ACROSS THE ST FOR DISSING BITCOIN!
wells fargo credit cards will not work for crypto anymore. It was the last of the big banks that had it. South korea had a massive hacking on crypto the reason for last weeks drop of the coin.
you can still send money to coinbase/Gdax with BofA cards.
As for the generic topic. Bitcoins will recede and then make a run like they have done over and over and over again. People will be kicking themselves in the nuts once theyre 11-12K again in short order. Then they will drop again.
I said it for months and told people to watch when the getting was good. While theyre not an outright scam theyre totally manipulated but you can still make a shitload of money watching and waiting. If you buy them right now youtre 100% not goin got lose money, you may get them for cheaper and you may have to wait awhile to get profits on them but youre not going to lose money on a 6500 BTC.
The money now is tight and reports are that 65-75% of all crypto accts are losing money I am sure it went higher after today.
Its the oldest addage in the book buy low sell high. But as with everything else greed wins.
I would be willing to bet all the so called day traders who were desperate to make money who started in 08 at the bottom of the fall have lost money even though the stock Market is about 4 times what is was then. Ask people who havent made shit despite the stock market going from ~6600 to over 25K how they could possibly lose money. Greed kills people get in cheap then think the more it goes up the more they will make but they either never sell or sell too early or too late. Then they double down on a bad price or a fake out move and it compounds it.
Cryptos arent for people with out brains or degenerates. But those people are exactly the ones that made guys like me and others with brain a shitload of money and will continue to do so. I just dick around now with 40-50K and am still making money. Highest LTC coins I have right now are ~114 bucks 3 days ago I was up about 8-9% ion everything now I am down 1-2% But I have bought more over the past couple days and have a lot of 103-104 coins right now. So all coins need to do now is get to about 108 and I am profitable again. Until those dip below 100 which would mean BTC would need to be under 6K I wont worry because the price will always rebound and rebound hard. If it follows its typical pattern tomorrow will see a massive gain (and then some major profit taking) and then who knows. Coin flip on if it can rebound or if it goes tits up again. But shouldnt matter if you sell off 50-60% on the top or close to it. That top right now though has a huge range anywhere from 119 to 128. If it gets above that and stays above that then youre looking at 137-144. Which is about an 8500 dollar bitcoin price. And until the last week of May BTC was at or well above that price for over a month.
Anyone with a brain can see the monthly pattern going on. Jan ultra high price, first (5th) of Feb complete meltdown, first part of March (4th that month) another high, April (4th and 5th) about where they are now, May (again on the 4th) tickled 10K again, Now June (4th) they seemed to have bottomed out but they took a week or so and did a double dip, but buy the 4th of July theyll be over 9K again I suspect.
Now the double dip might have been a screw you to the 'simplistic' guys who were buying on those specific dates that you could literally watch the calender for and they dipped them a week later, but theyll go bak up.
Thats why I say tomorrow (maybe Wednesday) there will be a major 'correction' upwards and then a small sell off then a steady uptick until the first week of July. Since its a holiday it may see some variation but it will come.
