Bitcoin down to 20,700

[carolinakid]

It look like it going under the 20,000 mark

 

[BobbyFK]

Wow! What a decline

 

[Enikk]

And Coinbase has:
TRADING ACTIVITY
82% buy
18% sell

 

[carolinakid]

i have never got that one with coinbase Enikk and they say the average hold time is like 100 days or something close to it

 

[carolinakid]

If it break the 20,000 i have no idea what will happen @1015 eastern it has bounce back to around 21,300 at this typing

 

[Orbison]

back up to $21.3K

 

[carolinakid]

the last 24 hrs it down about 18%

 

[carolinakid]

Orbison i think we both type that about the same time......

 

[Wagerallsports]

Wow crash city

 

[doofy]

Are you guys buying yet? If not what price will you start?

 

[Wagerallsports]

From what I've read sounds like it could keep dropping based on feds going to be raising interest rates

 

[carolinakid]

it held overnite 21,800 @749 eastern on tuesday

 

[Tanko]

Some analysts identify 17K and 10K as resistance levels.
One analyst said that if it breaks below 20K there might be a "psychological" factor with more selling.

 

[BobbyFK]

CK when will you buy?

 

[Bond Guy]

The average person is now down in bitcoin so the confidence is broken.

 

[Enikk]

I feel it will continue this trend downward until December when most of these exchanges are requiring personal info to be turned in by. I think November and December is when I will reinvest and where we will see our new bottom.

 

[carolinakid]

not sure at this time Bobby just watching it close now

 

[MinnesotaFats]

I don't see how you can buy these crypto assets anymore

They aren't a store of value, they aren't decoupled and they are concentrated in ownership

Bitcoin is a dead & fraudulent concept it appears

 

[carolinakid]

Bitcoin (BTC) is up +6.12% to $22,382.05 in the last 16 hours.

 

[sportsbettor5]

Bitcoin is a dead & fraudulent concept it appears

Only if you considered it as an investment. The creators of bitcoin never promoted it as that.

It's a very useful tool. To pick a not-so-random example, it's great for funding and withdrawing from offshore books.