I'm keeping mine for at least another 10 years. Just in case it shoots up astronomically over that time. Who knows what it could be worth in 2027.
My fuckin God. Good luck with that. A correction to 5,800 is expected now. But I have people in this thread who admit it is gonna drop big and they still say don't sell. lol.
Summary:
- Bitcoin broke below the $7,000 support level and ultimately completed a Wyckoff Distribution phase.
- Prior to the breakdown in price, the market rejected the historic resistance line, which has signaled a strong reversal point throughout the market's history.
- We are currently finding support on the 23% retracement values, but ultimately the stronger support will be found on the 38% values in the $5,800s.
http://www.nasdaq.com/article/bitco...et-correction-could-see-lows-of-5800-cm875808
Analysts say the surge is down to developers abandoning plans for SegWit2x, a planned upgrade to the software underpinning regular bitcoin that was designed to improve the speed of transactions on the network.
Joshua Raymond, a director at the foreign-exchange and CFD broker XTB, told Business Insider: "The delay to Segwit2x has damaged confidence amongst bitcoin investors concerning the much-needed resolution to speed up bitcoin's slow processing speed.
"Everyone was hoping the Segwit2x would address this but unfortunately, the delay due to a lack of consensus on the mechanics has affected confidence. Confidence on transaction speed in Bitcoin has deteriorated significantly in recent months. As Bitcoin Cash enjoys much faster transaction speeds, we have started to see a recycling of positions out of Bitcoin into Bitcoin Cash as a consequence."
http://www.businessinsider.com/bitcoin-cash-price-jumps-bitcoin-falls-november-10-2017-11
Bitcoin cash has a better future.
But in the last few days, a previous fork of Bitcoin (BTC) called Bitcoin Cash (BCH) that was launched in August and immediately dismissed by many Bitcoiners and the wider crypto world alike, has skyrocketed in value. After languishing in the $300 range for a while and jumping up to the $600 range in November, it has now nearly quadrupled to around $2,500 a coin as of press time -- it had traded as low as $650 on Friday.
Meanwhile, Bitcoin, which was trading at an all-time high of around $7,800 on Wednesday, is now down to around $6,000 as of press time but had dipped as low as about $5,500.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I own some Bitcoin and Ether.]
^^that is good fuckin advice. that person gets it.
https://www.forbes.com/sites/lauras...ce-drops-as-civil-war-continues/#72162df835b5
This is what bitcoin is imo. It isn't real. You can make money selling them now but for long. It is like a game of musical chairs. You guys pass around this money and make it climb but it is gonna fall. The music will stop and somebody won't have a seat to sit in. Somebody is getting fucked here eventually. People who are talking about holding bitcoin for years. lol. You people are gonna be the one without chairs when the music stops. Then you got all these forks. Bitcoin Gold. Bitcoin cash.
And like it I said it can become a self-fullfilling prophecy. The opinions of these major publications alone could scare people off bitcoin and make their prediction come true. It is actually more likely to come true when they say it. Forecasting the weather can change it.
I can't wait to bump bitcoin threads in the future. You guys are talking spans of years, even decades. It is going down long before that. You guys are YOLOing on this shit.