Bitcoin price suddenly surges to 3-year high

Space Lynx · May 19, 2021

Hardcore Games said:
Hard to say where the supply/demand is reached by with Musk selling, wonder who is next?

Musk sold his Bitcoin do you have a news article to prove this? I searched it and don't see that anywhere. He stopped accepting Bitcoin, but he never sold his to my knowledge. If he did, I wouldn't be surprised to see Bitcoin have another dip down to 30k range or so.

Tomgang · May 19, 2021

Oh bitcoin is down to below 40K now. Is this what I and other gamers are waiting for. The crash of bitcoin. I hope so. It's really frustrating not to be alble to get a rtx card.

But it has been seen before it rising right up again. It just need a good news of something and bitcoin can sky rocket again.

Well time will tell if this is the end or bitcoin will surge again. Please crash, seriously. Just crash.

sepheronx · May 19, 2021

Not just that, A massive purchase of bitcoin was made by MicroStrategy and Saylor.

ETH on the other hand may go proof of stake in a few months. Much earlier than previously claimed.

Outback Bronze · May 19, 2021

trog100 said:
seems to be over

Looks like you were wrong pal.. Could even be more blood on the streets.

64K · May 19, 2021

Could be headed for a panic sell. From the coindesk site:

Final_Fighter · May 19, 2021

64K said:
Could be headed for a panic sell. From the coindesk site:

View attachment 200896

it looks that way. i pulled my stacks and will hold it in stables right now. ill enter back when the market stabilizes. this is 2018 all over again and ill let things play out. should wipe away a lot of coins and let us see witch ones are worth getting back into.

Vya Domus · May 19, 2021

Tomgang said:
Oh bitcoin is down to below 40K now. Is this what I and other gamers are waiting for. The crash of bitcoin. I hope so.

You are barking at the wrong tree, will people ever figure this out ? It's not bitcoin that's making you unable to buy a GPU, it's ETH and it's still doing pretty good. Enough to be profitable, anyway.

trog100 · May 19, 2021

Outback Bronze said:
Looks like you were wrong pal.. Could even be more blood on the streets.

yep you could be right.. he he

40K is definitely a panic sell trigger.. i thought it would hold at 42K but it looks like i was wrong.. i will keep mining hold and see what happens.. it would be a shame i if 2018 does repeat.. kind of boring..

trog

ps.. some crystal ball talk.. now if i had of sold back in 2018 at 18k bought back in at 3k and sold again at 60K and kept mining through the slump period.. hmm..

Vya Domus · May 19, 2021

I don't think this is a classic "bitcoin bubble crash", because we didn't really have a bubble as such, the circumstances for that do not align at the moment (at least according to past occurrences). BTC price was actually tracking predicted models pretty well, there was nothing out of the ordinary. So there is something else happening, I don't think it's all just panic selling either.

I am suspicious and skeptic by nature, I think the global ATH for this year is yet to come, there could something intentional about what's happening right now.

Tomgang · May 19, 2021

Vya Domus said:
You are barking at the wrong tree, will people ever figure this out ? It's not bitcoin that's making you unable to buy a GPU, it's ETH and it's still doing pretty good. Enough to be profitable, anyway.

Oh so it's ETH. I have hornestly not spent much time on what ETH is and how it works. But it's saddens me that it's still doing well.

I just hope for a crast and that ETH doesn't recover again as we have seen before it does. It's so frustrating not be able to get a decent gpu these days. Specially as I exspext next month I can finish my new build and just need gpu for it. Well a better gpu. Does have a gtx 1660 super, but i want rtx 3080 or maybe TI.

Space Lynx · May 19, 2021

I bet the Board of Directors at Tesla going to be mad if Elon doesn't sell his lot soon...

Will lose their only net income profit year they had in company history... LOL

Vya Domus · May 19, 2021

lynx29 said:
Will lose their only net income profit year they had in company history... LOL

I think they also posted profits last year, still, Tesla is a joke of a company in my opinion.

trog100 · May 19, 2021

the thing is.. has it all topped and will it keep going down or will it bottom at some whale determined point and start going up again.. as yet its still an unknown..

it has just had a little bounce and is still above 40K..

trog

64K · May 19, 2021

A panic sell isn't necessarily a bad thing. It could be a serious warning or it could be a good buying opportunity. Warren Buffett once said:

"Be fearful when others are greedy. Be greedy when others are fearful.”

Be Fearful When Others Are Greedy - Arbor Asset Allocation Model Portfolio (AAAMP) Value Blog

It's up to the investor to understand the risks and the investment and decide accordingly.

phill · May 19, 2021

Seen it had all gone a little pear shaped this morning... Kind of a shame but meh

Still way over what it was, so grateful for that

Going down further now, Eth about the 2800 marker, bitcoin a little under 39000.... That what if I had sold comes into it again don't you think @trog100 ??

Space Lynx · May 19, 2021

phill said:
Seen it had all gone a little pear shaped this morning... Kind of a shame but meh Still way over what it was, so grateful for that

Going down further now, Eth about the 2800 marker, bitcoin a little under 39000.... That what if I had sold comes into it again don't you think @trog100 ??

No one ever listens to me. /shrug

phill · May 19, 2021

lynx29 said:
No one ever listens to me. /shrug

Did I miss something @lynx29 ? Apologies, at work and well...

Space Lynx · May 19, 2021

phill said:
Did I miss something @lynx29 ? Apologies, at work and well...

Ask @ZenZimZaliben he knows what I am referring to

my philosophy crap that no one ever listens to me on. @Zach_01 LOL

trog100 · May 19, 2021

phill said:
Seen it had all gone a little pear shaped this morning... Kind of a shame but meh Still way over what it was, so grateful for that

Going down further now, Eth about the 2800 marker, bitcoin a little under 39000.... That what if I had sold comes into it again don't you think @trog100 ??

eth seems to be falling off the most phil.. its a good job i still see it all as monopoly money else losing 20K or so might be painful.. he he

my mining rewards have shot up again though..

trog

moproblems99 · May 19, 2021

Vya Domus said:
I don't think this is a classic "bitcoin bubble crash", because we didn't really have a bubble as such, the circumstances for that do not align at the moment (at least according to past occurrences). BTC price was actually tracking predicted models pretty well, there was nothing out of the ordinary. So there is something else happening, I don't think it's all just panic selling either.

I am suspicious and skeptic by nature, I think the global ATH for this year is yet to come, there could something intentional about what's happening right now.

Anything with crypto is always intentional. The key is figuring out who, why, and what you need to do.

Space Lynx · May 19, 2021

trog100 said:
eth seems to be falling off the most phil.. its a good job i still see it all as monopoly money else losing 20K or so might be painful.. he he

trog

I told you, if you could improve your quality of life by cashing out two weeks ago, then do so.

This crash seems fairly simple to me, China announced major crackdowns on crypto world, more seizing of crypto in China, and since that is where most of the whales are mining crypto... they decided to cash out and flee. Don't blame them. Now the markets are going to crash. I expect 30k BTC and 1800 ETH by midnight tonight. LOL

the little guy in america's and elsewhere got scammed again :roll:

sad

sepheronx · May 19, 2021

lynx29 said:
I told you, if you could improve your quality of life by cashing out two weeks ago, then do so.

This crash seems fairly simple to me, China announced major crackdowns on crypto world, more seizing of crypto in China, and since that is where most of the whales are mining crypto... they decided to cash out and flee. Don't blame them. Now the markets are going to crash. I expect 30k BTC and 1800 ETH by midnight tonight. LOL

the little guy in america's and elsewhere got scammed again sad

Apparently that's incorrect.

At least what some are saying. A lot of fud being passed around so let's wait a few days more. I heard it is so China can force their own gov approved exchange and what not. Will be I retesting times.

phill · May 19, 2021

trog100 said:
eth seems to be falling off the most phil.. its a good job i still see it all as monopoly money else losing 20K or so might be painful.. he he

my mining rewards have shot up again though..

trog

It sure has mate!!

Eth according to the Coindesk page I use, says it's dropped 21% just in 24 hours, lowest it hit was 2430 ish.... Like I said, still way more than than the $100 or so a coin it was back in December !!

trog100 · May 19, 2021

lynx29 said:
I told you, if you could improve your quality of life by cashing out two weeks ago, then do so.

This crash seems fairly simple to me, China announced major crackdowns on crypto world, more seizing of crypto in China, and since that is where most of the whales are mining crypto... they decided to cash out and flee. Don't blame them. Now the markets are going to crash. I expect 30k BTC and 1800 ETH by midnight tonight. LOL

the little guy in america's and elsewhere got scammed again sad

life is fairly simple to you lynx.. lets hope it remains that way..

trog

Space Lynx · May 19, 2021

trog100 said:
life is fairly simple to you lynx.. lets hope it remains that way..

trog

there is a difference between a 10k crash and bounce back a over a week period, and 63k peak less than two months ago now aiming to 30k a coin very probable... that level of volatility is going to scare the big banks away. they though they could control it but they can't. they going to cash out this time and wipe their hands clean of it.

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Bitcoin price suddenly surges to 3-year high

Space Lynx

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