Thread: OMG BTC WTF.

Originally Posted by Olympia Labs

I'm loosing my ass but i think it will go back up

Hope it turns up better. I know a lot of guys got a shit load in their wallets and it's frightening to see you lose money overnight especially since it's something you have no control over. Best of luck O!

Originally Posted by kubes

It’s time to buy more!

You're right! Scared money won't make money! Buy and invest!

Luckily I'm not the gambling type. Plus my financial situation is not great at the moment.

I really do hope it does go up though... Theres a lot of speculation on a lot of investment gurus saying it could go either way since it's dropped below the equilibrium price.

Originally Posted by leftkz

Bitcoin is taking a fat dump right now. Price fell almost 2k in the past week. It was holding stable above 6k for awhile.

Hope this doesn't screw a lot of guys over. Personally I don't buy BTC until the very moment I need it. It's really annoying to try to buy something and then the dollar value drops and you gotta buy more to compensate.

Yea it did the same for me. I dunno!

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It’s all bad. That fork messed everything up.

Originally Posted by TDog

It’s all bad. That fork messed everything up.

Indeed it did. Things are unpredictable now

There is no reason to "own" this commodity right now. Fools were crowing back in February about what a great investment, it was pure speculation and then all the dumb asses showed up and invested. When you start hearing everyone talking about owning an investment, it is usually lights out. Wouldn't be surprised to see this sit around and bumble and fumble for 5 years just like GOLD. Unless there is going to be market destabilization with currencies , commodities and world wars, there is no reason to be in this garbage product. It's fine for what it was created for, moving money discreetly. Take a look at the history of the product....it sat in its own pile of poop for 3 years until January of 2017 and then took off for 10 months. Hmmmm Trump is going to end the world....well it didn't quite work out that way and the need for a new bullett proof currency faded. And the common investor is now down 65% in less then a year.

Damn brexit! I’m watched my account dwindle down quick! And the worst part is current money is on hold!
does anyone else think this may be a long term thing? Or even their last?

Originally Posted by TDog

Damn brexit! I’m watched my account dwindle down quick! And the worst part is current money is on hold!
does anyone else think this may be a long term thing? Or even their last?

its hard to say, things are looking quiet unpredictable right now