29xx suddenly pump back 33xx 

Damn it Todd !     

29xx suddenly pump back 33xx 

Damn it Todd !     

I think I now know who you are. : lol:

if you refer to the whatsapp group, I'm not the one sharing the pics    but maybe you notice me from other clue    shhhh . . . .

Im calling BTC to hit rock bottom in Sept at 3000 +-100, will peak back to 4500 by Dec

Hodl and dont panic

dude it's so obvious. 

The title for this thread is Bitcoin and other Cryptocurrencies so I guess my post should be valid.
Well I think I am going to sound harsh here.
Currently BTC price is 3,046.82.
I find that people here are so deluded. I actually see comments whereby bitcions are being said to be cheap right now. If bitcoins are cheap right now, then what about 1 year ago?
How do you actually assign value to a bitcoin in the first place? How do you justify to others that bitcoin is actually worth say 10k like most of you are saying right now. I mean consider this. If I create my own coin with the exact technology like bitcoin, can I sell that coin for 10k?

What really justify the price of bitcoin? The idea? The infrastructure? Etc? Have you guys actually done a survey and check it out. Compare bitcoin with say Amazon AWS? I mean let's not take the "mining" cost into consideration. After all. Does mining add to the actual value?

I mean is bitcoin really a evolutionary concept? After all, for example. Someone say that bitcoin transaction is fast. But then, so is paypal, etc. People say that there is no centrality in bitcoin. But then 95% of bitcoin is being held by a few entities. So what gives.

Let's compare a bitcoin with say even your own laptop. Can you say that complexity wise , your bitcoin is actually more complex then say your laptop or even your phone?

It's just incredible that everything under the sun is being used to justify bitcoin. Showing how naive people really are.

I guess people really do not know that prices can be manipulated.

Putting money into something that is really not backed up by anything, do not have any income generating potential accept for capital gains,is just a more complex version to say gaming money, is pathetic. I mean if say bitcoin go to zero, how are you going to justify that you made a calculated judgement in the first place? I mean are you going to say that this coin is providing me with interest? Are you going to say that this coin is something tangible that I can use for my daily life. What is the physical manifestation of this. I mean come on even email which cost nothing has more utility then bitcoin.

Bitcoin is nothing then just electric ledgers being passed around with people assigning value to it after all. No different actually from say somekind of medium money whereby if say I happen to hold this money, I will be blessed from the gods. It's no different from fiat actually. But at least with fiat, the money is "based" on the economy of that nation. What is bitcoin based on?

Cannot help but write this because i am getting irritated by the comments here. Just need to let my steam out.
And yes I created an account for this because I know people with no balls here will definitely ask the moderators to actually suspend my main account.

To be honest I had the same questions as he did before I gotten into this whole space, with a bit lesser of the malice (since if shit tons of very intelligent people are looking into something, there must be a good reason).

Gotten my answers and now I am way in too deep.

Drop till 12k earlier... then tup tup bounce back to 15k, now at 14k.
No wonder they say trading not for the faint hearted. Imagine those who sold at 12k then 5s later jump to 13k then 10mins jump to 15k.

would ppl even sold at that kinda low price ?

I'm sure a lot of people have the same questions. Me included. For many, bitcoin and cryptos defies logic but in this crazy world, who says logic is important?

It went to 14,100 and 14,800 for a while.. i bought 0.2 at low and sell high till they they change again... did like 5 times trade in minutes. Then rest for a while before buying and it hit 15k, then sell and right now its at 14.3k.

Dangerous though, earlier i sold at 13k then it jump to 15k ._.

In the end after all that, i manage to recover my capital from the drop + some small profit.

Edit: Also it depends whether its dropping or not.

If the previous situation was 14,000 and 14,001 then it breaks to 15,000.. ppl will buy like mad and some ppl would want to cash it immediately before it drops again.

If it was 14,999 and 15,000 then drop to 14,000... 70% would panic sell.

In this case it was going up but after being in 12k area the last 30mins, most ppl would panic sell as well (locking in whatever 'gains' the have before it goes down again.

Ahaha. Yea human emotions are irrational.

On the other hand software development is logical, so logic is important!

(sometimes I wonder why did I choose this instead of trading  )

but i thought when u sale or buy any btc they charge u small fee (luno)

isn't the fee already exceeded the profit margin ?

(sorry i am still learning here  )

but i thought when u sale or buy any btc they charge u small fee (luno)

isn't the fee already exceeded the profit margin ?

(sorry i am still learning here  )