Bitcoin Growing Pains Even More Pronounced as Price Takes a Dive

[88m3]

Bitcoin has tumbled as much as 42 percent over the past four days to $10,776, posting the biggest decline over such a span since 2013. Still, it’s now just trading where it was three weeks ago. That kind of volatility, problems with exchanges and periodic headlines about one digital wallet or another getting hacked, come as Wall Street is slowly opening its doors to the cryptocurrency market. Institutions might help solve these issues, or they might spook them away.

Coinbase, one of the world’s largest cryptocurrency exchanges, said all buying and selling was temporarily disabled during today’s rout, after having delays in processing wire transfers and verifying new customers for the past week due to higher traffic. Bitcoin transaction volume jumped more than 30 percent on Coinbase’s GDAX exchange, while fees to approve and record the transactions on the blockchain surged to a record $55, according to Bit Info Charts.


Bitcoin Growing Pains Even More Pronounced as Price Takes a Dive



@ogc163

 

[ogc163]

@88m3 Damn kid when you gonna pop in on the main thread You know them nikkas ain't feeling you right? You got beef all across the boards and still in the green

 

[Dr. Acula]

I love dips and crashes.

It just means that it’s a sale on crypto.

These stories are typically written in a vacuum, with that vacuum being the new attention on crypto currency while not being cognizant of he fact there have been crashes and “corrections” bigger than the one we are seeing now. There was a time where bitcoin had 94% decline. The one occurring now is mild.

But now you have people who would have been shytting on it back then due to pessimism and being haters kicking themselves when they saw that shyt hit 20k and not buying any back during that 94% dip.

This shyt will crash even worse than what is happening now in the future no doubt. Anyone in the game does not expect constant wins and growth. But while weak hands are selling right now, smart folks realize that all this is is a Christmas sale.

If you’re smart you’re loading up on shyt now.

 

[Dr. Acula]

Spreadsheet of past declines.

 

[jerniebert]

I love dips and crashes.

It just means that it’s a sale on crypto.

These stories are typically written in a vacuum, with that vacuum being the new attention on crypto currency while not being cognizant of he fact there have been crashes and “corrections” bigger than the one we are seeing now. There was a time where bitcoin had 94% decline. The one occurring now is mild.

But now you have people who would have been shytting on it back then due to pessimism and being haters kicking themselves when they saw that shyt hit 20k and not buying any back during that 94% dip.

This shyt will crash even worse than what is happening now in the future no doubt. Anyone in the game does not expect constant wins and growth. But while weak hands are selling right now, smart folks realize that all this is is a Christmas sale.

If you’re smart you’re loading up on shyt now.

The naysayers don't want to hear this and will brush over this. I barely started investing about 3 weeks ago and even after the bloodbath last night I'm still double my initial investment. If I had kept listening to all the naysayers then I wouldn't be in the position I'm now. People have been predicting it's doom over and over. Right now is the best time to get in, but only get in with what you are willing to lose. If it fails and it bottomed out right now then I'd be out less then a trip to the casino for most gamblers. At least here I feel like I have a chance to win. I've lost more playing fantasy football and buying squares then I have investing in Crypto Currency. This is the ground level right now. Everything starts somewhere.

 

[88m3]

@88m3 Damn kid when you gonna pop in on the main thread You know them nikkas ain't feeling you right? You got beef all across the boards and still in the green

I actually had just stopped by to drop a petty comment . Yeah, I told them what I think about their MLM scam... I guess if it makes them happy, I just feel bad for everyone getting taken for a ride. It's amusing when they act like it's a lot of money and in reality they're basically buying lottery tickets.

 

[Meta Reign]

Buy the dips. . . Bitcoin will be 100k a coin within the next 10 years at least. You can bet your ass on that. AND the volitilty will end once Wall street gets its teeth fully sunk in.

 

[88m3]

Buy the dips. . . Bitcoin will be 100k a coin within the next 10 years at least. You can bet your ass on that. AND the volitilty will end once Wall street gets its teeth fully sunk in.

You're on of those guys who took out a heloc I take it?

 

[MrPentatonic]

bitcoin gone back to the price it was at about 2 weeks ago now everybody panicking lmao

 

[Meta Reign]

You're on of those guys who took out a heloc I take it?

No, but I wouldnt necessarily call someone stupid for doing so. So long as you dont end up on the street if you lose. Gambling is gambling.

 

[88m3]

No, but I wouldnt necessarily call someone stupid for doing so. So long as you dont end up on the street if you lose. Gambling is gambling.

gotcha

 

[Snoopy Loops]

I love dips and crashes.

It just means that it’s a sale on crypto.

These stories are typically written in a vacuum, with that vacuum being the new attention on crypto currency while not being cognizant of he fact there have been crashes and “corrections” bigger than the one we are seeing now. There was a time where bitcoin had 94% decline. The one occurring now is mild.

But now you have people who would have been shytting on it back then due to pessimism and being haters kicking themselves when they saw that shyt hit 20k and not buying any back during that 94% dip.

This shyt will crash even worse than what is happening now in the future no doubt. Anyone in the game does not expect constant wins and growth. But while weak hands are selling right now, smart folks realize that all this is is a Christmas sale.

If you’re smart you’re loading up on shyt now.

The game is not to be told breh

 

[ExodusNirvana]

I love dips and crashes.

It just means that it’s a sale on crypto.

These stories are typically written in a vacuum, with that vacuum being the new attention on crypto currency while not being cognizant of he fact there have been crashes and “corrections” bigger than the one we are seeing now. There was a time where bitcoin had 94% decline. The one occurring now is mild.

But now you have people who would have been shytting on it back then due to pessimism and being haters kicking themselves when they saw that shyt hit 20k and not buying any back during that 94% dip.

This shyt will crash even worse than what is happening now in the future no doubt. Anyone in the game does not expect constant wins and growth. But while weak hands are selling right now, smart folks realize that all this is is a Christmas sale.

If you’re smart you’re loading up on shyt now.

Breh how do you feel about Ripple/XRP?

 

[Dr. Acula]

Breh how do you feel about Ripple/XRP?

Buy it now. If the rumors are true it will be added to coinbase it will grow.

I will get some more when I have some spare money. Hopefully it’s before a recovery.

 

[Futuristic Eskimo]

The tendency of people to think that what happened in the past is going to keep repeating in the same pattern has the potential to cause a lot of people to lose a lot of money here. There's a whole generational of amateur traders out there who only know to buy the dips. This is extremely dangerous for an asset that has no underlying value and can basically be replicated by anyone.