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Is anyone else starting to become a bit worried? mod note in first post

Autochange

Bear markets
Fud
Regulation
Wall Street manipulation
The supposed tether ticking time bomb

What are your thoughts? Have you cashed out? Have you been buying the dips?

MOD NOTE:
Its good to see healthy debate and discussion taking place and I am sure every supporter of cryptocurrency and blockchain can agree that the contrarian viewpoint is worthwhile reading, if only to act as an anchor and help prevent investors from getting carried away in an echo chamber of "everything is wonderful, just keep going"

However, there have been a few reported posts recently which I did not action as I wanted to see the thread level out itself rather than start forcing viewpoints and I have been in two minds about that decision.

I'm not going to single any posters out but I'm going to ask that all posters read the forum charter and I want to point out that it was established years ago in the Television forum, that dropping in on a forum to tell the followers of that forums topic (in that case a particular tv show) that it was all crap and only idiots watched it etc etc was the exact definition of being a dick and attempting to troll. I know this because I was the mod of the forum at the time. Now look at the forum charter again.

There is pretty much one rule on this forum : if you cannot discuss in a civil manner, and I mean discuss, not soapbox or attack, then you have absolutely no business posting here and I have no qualms about removing your ability to do so.

This forum is for people that have in interest in cryptocurrencies, blockchain and their application to financial investments. that can be positive or negative but if you really feel the need to start pulling out memes / hiding insults in imaginary hashtags / attacking personalities or just generally being a dick there are other forums you can post in where I will let the local mods determine if it is within the scope of allowable behaviour. Here, it is not.

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Larbre34

Get out of it lads, I'm told by a broker friend (traditional broker) that an undercurrent on messaging at Davos was that crypto is to be targeted and torpedoed.

Those in political power are concerned that attractiveness+volatility is not a formula they wish to tolerate in an already uncertain era. They don't want bigger commercial entities becoming involved and exposed, so they want to kill it.

drunkmonkey

Larbre34 wrote: »

Get out of it lads, I'm told by a broker friend (traditional broker) that an undercurrent on messaging at Davos was that crypto is to be targeted and torpedoed.

Those in political power are concerned that attractiveness+volatility is not a formula they wish to tolerate in an already uncertain era. They don't want bigger commercial entities becoming involved and exposed, so they want to kill it.

Of course they want to kill it, blockchain has major impacts for their business model. I'm invested in a company making Etherum and one of the biggest brokerages in the world has upped there stake 3 times over the last few months. There even paying their employees in crypto. So I'd take your mate in Davos advice with a pinch of salt when you look at what Fidelity are up to.

lawred2

pro_gnostic_8 wrote: »

Give you a break? Nobody, nor me, is going medieval on your ass. Don't shoot the messenger; take from the news whatever you may. The Indian bitcoin market is diving downwards as we speak.
I will add in response to your second sentence quoted above that the market as a whole is smarter than you or me or any other individual on here.

don't be so sensitive - that wasn't aimed at you

seannash

Larbre34 wrote: »

Get out of it lads, I'm told by a broker friend (traditional broker) that an undercurrent on messaging at Davos was that crypto is to be targeted and torpedoed.

Those in political power are concerned that attractiveness+volatility is not a formula they wish to tolerate in an already uncertain era. They don't want bigger commercial entities becoming involved and exposed, so they want to kill it.

This presents traditional investors their biggest opportunities. An unregulated market that they can manipulate and you think they want to bury it?

Blockchain tech will reduce overhead for financial institutions as well so their bottom line will be improved.
Traditional investors who fear change want to bury it but I'd wager modern investors are all over this.

Tinder Surprise

I think most people agree that when the market cap was ~$800+ billion that most coins were at least 50% over priced (give or take) so I have my own theory that the market wont settle til around the $400billion cap which leaves us a bit more to fall.

I'm thinking the weak hands will soon be all gone, and the majority of folk remaining will see that its makes no sense to sell when the look at the state of their portfolios.

giving it til this day next week to gauge things better (hopefully) and at that point will make some decisions.

Dades

Tinder Surprise wrote: »

II'm thinking the weak hands will soon be all gone, and the majority of folk remaining will see that its makes no sense to sell when the look at the state of their portfolios.

giving it til this day next week to gauge things better (hopefully) and at that point will make some decisions.

I have a number in my head that if... when... my portfolio returns to I'm going to take half and run. I'll probably keep small a bunch of coins just to have skin in the game, and for the fun of hoping for a moon-run.

Autochange

Anyone brave enough to be buying this dip? ( If it is a dip)

I'd love to top up my ven but it's just too volatile at the minute. I wonder will another run at the Asian markets take it down further.

Around midnight here is 9 am in Seoul I believe.

seannash

Bitcoin is down near where it was in November now

Shauny2010

I think Bitcoin could fall back as low as $5000, FUD is starting to get a real grip, folks need to be prepaired for that. The Alt coins will not be immune either, infact worse case when they start to fall it will not be as orderly as Bitcoin, expect some of those to do the 80% drops over night.
This looks like it could be abother milestone in the Bitcoin story, hopefully it will loosen the grip the miners have on the network and we get real change and proper adoption instead of speculative investment

Wombatman

Will $9000 $8000 hold?

WhiteMemento9

Wombatman wrote: »

Will $9000 $8000 hold?

Puke. Fell to 9500 before seeing support in the last proper crash. This is around the area that we really need to start seeing support.

Dades

Right now, only ONE of Coinmarketcap's top 100 is showing green for the last 24hrs (a rise of 3.53%).

Mad, Ted.

lawred2

Dades wrote: »

Right now, only ONE of Coinmarketcap's top 100 is showing green for the last 24hrs (a rise of 3.53%).

Mad, Ted.

That's largely because everything bar a handful is ultimately traded against BTC.

NEO is near ath against BTC but because BTC is tanking NEO is in the red.

JohnnyFlash

7000 bitcoins just transferred from a private wallet to an exchange.

https://bitinfocharts.com/de/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

Anthracite

Tinder Surprise wrote: »

I think most people agree that when the market cap was ~$800+ billion that most coins were at least 50% over priced (give or take) so I have my own theory that the market wont settle til around the $400billion cap which leaves us a bit more to fall.

If it was 50% overvalued at 800 billion, then 'fair value' would be 530 billion or so.

Popeleo

JohnnyFlash wrote: »

7000 bitcoins just transferred from a private wallet to an exchange.

https://bitinfocharts.com/de/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

Interesting wallet! A stake of over 1% of all bitcoins, built up since last April.

Made a lot of money earlier but probably regretting buying 60,000 bitcoins at around 13k at the end of the year.

At 9k, those 60k alone are down $240 million in a month and the worth of their total stake is down a billion since New Year. Ouch!

WhiteMemento9

Popeleo wrote: »

Interesting wallet! A stake of over 1% of all bitcoins, built up since last April.

Made a lot of money earlier but probably regretting buying 60,000 bitcoins at around 13k at the end of the year.

At 9k, those 60k alone are down $240 million in a month and the worth of their total stake is down a billion since New Year. Ouch!

It is currently the largest BTC wallet in existence. It is most likely an exchange wallet. I think Binance is probably most likely given the dates involved.

Dohnjoe

pro_gnostic_8 wrote: »

I dunno, I am inclined to think that these governments understand very well the nature of crypto ............. or at least they recognise the potential of crypto to blow away their own established monetary systems. And they -- and their elite bankster cronies -- are scared.

If I was the suspicious type, I would suspect that there is lately a co-ordinated attack on crypto by way of fearmongering, Fud, and outright lies, by governments across the world -- China, E.U., S. Korea, India, etc.

Can we stop with the pseudo Alex Jones conspiracy nonsense

Whether governments or officials understand crypto or not, they have a duty to protect the public from scams, ropey exchanges, fraud, laundering, hacks, ponzi schemes, etc. Tax authorities have to curb tax evasion.

Crypto is an unregulated cesspit. Great fun for greedy speculators and investors like us, but risky and downright dangerous for joe public

4068ac1elhodqr

BTC @8,700 that will surely get a few sweats going.

techteacher

i cashed out but now i wonder how low will it go ? my guess here for tomorrow at midnight is 7800

DANNY2014

Could all this slightly still be Chinese New year as it isn't till Feb 16???

2017 was 28 Jan starts goin up 30 jan 2017

2016 8 Feb starts goin up 12 Feb 2016

2015 19 feb goes up near end of Feb 2015

Or is it all completely bollo*ed...

Id imagine it'll go down more over the next week so time to buy some dips of the dips of the dips...

seannash

DANNY2014 wrote: »

Could all this slightly still be Chinese New year as it isn't till Feb 16???

2017 was 28 Jan starts goin up 30 jan 2017

2016 8 Feb starts goin up 12 Feb 2016

2015 19 feb goes up near end of Feb 2015

Or is it all completely bollo*ed...

Id imagine it'll go down more over the next week so time to buy some dips of the dips of the dips...

I don't think it's Chinese new year. Its a number of things really I think but the main two from yesterday were
India's announcement
Facebook announcing they are banning Crypto adverts

On forums much larger than here you will have people saying its the begining of the end, Zuckerberg knows something etc etc where in reality Facebook probably decided to class crypto as gambling and decided not to promote it.

Could this kick off a much more severe downward spiral? who knows. I reckon a lot of long term investors are taking profit now so not exactly cashing in all their coins but cashing in enough to cover what they put in and then some.

There's been dips before but I don't recall those dips being about regulation (Please correct me if I'm wrong, I hope I am)

MentalMario

seannash wrote: »

I don't think it's Chinese new year. Its a number of things really I think but the main two from yesterday were
India's announcement
Facebook announcing they are banning Crypto adverts

On forums much larger than here you will have people saying its the begining of the end, Zuckerberg knows something etc etc where in reality Facebook probably decided to class crypto as gambling and decided not to promote it.

Could this kick off a much more severe downward spiral? who knows. I reckon a lot of long term investors are taking profit now so not exactly cashing in all their coins but cashing in enough to cover what they put in and then some.

There's been dips before but I don't recall those dips being about regulation (Please correct me if I'm wrong, I hope I am)

It looks like Adwords have banned a lot of crypto related ads too, as have Taboola.

Drumorig

Dohnjoe wrote: »

Can we stop with the pseudo Alex Jones conspiracy nonsense

Whether governments or officials understand crypto or not, they have a duty to protect the public from scams, ropey exchanges, fraud, laundering, hacks, ponzi schemes, etc. Tax authorities have to curb tax evasion.

I don't think it's a conspiracy, it's happening, look at eircoin.net, the banks shut him down, he's a message on his site there.

Unfortunately for the bankers they are too late.

smacl

For all the talk about dips, could it simply be the spike starting at the end of November that we're still in is the anomaly, we'll see correction to levels closer to those and more steady rises afterwards?

DANNY2014

Most the ads were scams though "buy this coin this week 5000X by next week" type a stuff... Is it not a good thing to get rid of all this gunk...?

Most the India scams that call for you to pay them in bitcoin or your windows computer is gonna get infected even though you've a mac are probably cashing out now too...(.")

Pussyhands

Put 1k in december.

Not good, not good at all....

fran426ft

Pussyhands wrote: »

Put 1k in december.

Not good, not good at all....

Unfortunately I wish I only had 1k in since December.

Squozen

fran426ft wrote: »

Unfortunately I wish I only had 1k in since December.

Yep. I’ve eaten the (significant) loss and cashed out. Good luck to the rest of you.

lifeandtimes

Squozen wrote: »

Yep. I’ve eaten the (significant) loss and cashed out. Good luck to the rest of you.

This will come to haunt you.

As everyone says only invest what you can afford to lose.

The way I look at it the money was already gone and the cash out at the moment is so small compared to it there's no reason to not just leave it there and see where it goes but this happens every year for the last 4.

Check out this chart