If this Bitcoin slide continues I may need to change my steemit username from coininstant to cinderella because my Bitcoin carriage looks like it is about to turn into a pumpkin, LOL! I thought I was smart investing in Bitcoin, but apparently the world thinks otherwise. I however am very worried, but still cling to some hope of Bitcoin going back up in the future. One thing I am looking forward to is the Bitcoin Private fork coming out in about a month, hopefully these new “free coins” will bring some enthusiasm back into the Bitcoin Markets.
Top 5 Banks Ban using credit cards to Buy Bitcoin - Tell me something I didn’t already know.
So for those of us in the know, we know this is no real news at all. It has been six months since Amazon Chase blocked me from buying bitcoin with my rewards card. It was so sick, I would rack ups all these points for buying bitcoin, and then I would go buy free stuff all day on Amazon! Those were the days! Basically Bitstamp was working for credit cards, and then they were gone. It was no big deal because I adapted to wire transfers, and skirting the hawaii coinbase ban with a california bank account! LOL
So I am glad the Big 5 banks blocked buying Bitcoin by credit card because, who needs them?? Not Bitcoin. The last thing we need is more weak hands borrowing money with their credit cards blowing up accounts against the stock market. In reality this ban effectively makes Bitcoin harder to get and more scares which will increase the price one day.
OMG Why is Steemit Down!
For the past two days steemit.com has gone down right after I post. Luckily we are decentralized so I am most likely posting this from ESTEEM APP! This is really getting under my nerves because with Bitcoin not well at least we have steemit, but all these 504 Gateway timeouts are definitely not good for the new adopters!
Let's see if 5500 support level holds or not. It should hold now because Daily RSI has gone below 25 level and there is no market in the world that just keep rising or keep falling. The same thing will be applied to bitcoin markets. So let's stay positive and things will turn around.
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yeah, always think positive, every negative thing has positive to follow.
so, hold and hope for good.
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Thanks, lucky we got steem!
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I will be more than happy if it recovers towards 15k zone anytime in 2018, because that is my breakeven point. My portfolio is almost one third now.
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Every day it is making lower low. I am afraid...it might reach 2000 in coming months.
Who is going to catch this falling knife.
Steem on.....
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while bitcoin is down, steem in terms of satoshi is not down and quite fair in its value which is around 50k satoshi and we can still find enough motivation to invest our time in steemit.
As far as BTC is concerned, I must say everything in trading goes through cyclic process and BTC is undergoing through that phase.
Thank you and Have a great day.
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Thanks for the information of Bitcoin under attack . very useful.
@coininstant
100% like and resteem
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@coininstant..bro no one plz dont worry about the price drops..if we saw the graph of cryptos in last 3 years every year at the starting of 3 months price will be down due to the tax reasons and some cultural events in big countries like chaina..but this year it drops up to 45 % causes of government restrictions in some big tradings countries..the price will be again come to the normal state with in few days..keep hold coins in yours..thank you for sharing with us..
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Oh I am hodl, I go down with crypto ship!
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sorry yes wrong tap earlier @durgaani
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Magnificent post buddy keep it up :)
@upvoted
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This is great article and very importunate info.thanks for sharing
Thanks /@coininstant
Have a great day.
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tnx for upvote
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@coininstant - Sir I'm little bit worry by this BTC drop, but it'll rise up anytime... Valuable analysis & nice you decided to share your knowledge of trading Sir...
+W+
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Bitcoin under attack, goodbye 50K price target, would be happy if it just stabilized!
By using this topic you entered to the discussion very well. Excellent & very useful market analysis in this red market time.
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nice post
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All cryptocurrency marked crashed now. Only two coins seems green liner today to me. Cryptos down Some centralized banks direct decisions about cryptos. Why steemit down? Haven't any idea for it. All needed to ban cryptos. But I trust steemit and bitcoin anyway.
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@coininstant, I have hope about BTC and steemit. Steemit is decentralized platform so don't mind it will be down. I've got bad gateway message already. But I know It'll solve immediately.
Bitcoin down more and more currently price is under $ 7000. Very bad situation all cryptos. But for me hodl and waiting to see moon.
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hope things will be normal soon :)
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@coininstant,
STEEMIT didn't down for me bro! No idea what's happened! Anyway, this drop makes me buy more crypto at this stage!
Cheers~
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Very nice post, thanks for sharing
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thank you for your information, good afternoon buddy ,,, success someone will succeed with no help of others
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Nice post well it's too simple when someone buy a new car and that car won't run on the road then obviously that person will sell car and buy another one that run smoothly, same case with bitcoin it has so many flaws and once investor's and peoples face problems due to these flaws then they sell bitcoin and try to find the best alternative of bitcoin,
Bitcoin tx are extremely slow and sometime it takes whole day to get confirmed.
Bitcoin tx has extremely high fees and most peoples can't afford such high fees.
Bitcoin mining consumes huge amount of electricity.
Bitcoin has scalability problem and they have no solution of that problem.
so in my opinion right now steem is the perfect alternative of bitcoin and i think steem will be the future bitcoin.
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Yeah but as long as there are only 120 mill cars, even if they don’t run, should be collectors items! lOl o love the analogy!
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Hello @coininstant,
Extraordinary good market review of BTC. Incredible post & well shared.
~@mywhale
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@coininstant sir....
Actualy....Digital money can make us rich to deal with ourselves. I genuinely trust that. Be that as it may, what I additionally accept is that it will influence us to sufficiently fit to serve the penniless also.
It is absolutely difficult for all to give. Every one is battling in their own specific manners. In any case, that is the magnificence of life is it not? One who has seen the intense time will identify towards the one enduring. Such a one when independent can promptly consider helping other people. When I put in endeavors to gain, I should put in little endeavors along to share.
One might be poor out of absence of education, another might be expected life's weight of overwhelming obligations, another might be out of sheer apathy and some might be not able meet the sudden needs of life. In any case, the truth of the matter is same. They all need assistance. From numerous points of view it can be tended to....
Cheers~~~
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Yeah...Steemit down today for me. I don't what;s reason for it. Best hoping post @coininstant. I'm also hoping about BTC.
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BTC drops to drastically. You make a nice market analysis. Very useful content. Thank you~
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Just not bitcoin. Whole crypto market crashed
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finally seems like it found the bottom and moving up good to see its going up right now well above the levels
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Nice information and good update.
For your post propagation.
Upvote/Resteem
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Well it might go little more down but somehow it will be go up as it seems !But who knows time will tell us !
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Itll go back up dont listen to the world if they knew it all dont u think the world would have got rich off bitcoin or apple or microsoft etc???? Sum do trust ur inital feeling of optimisim crypto aint goin anywhere
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Congratulations @coininstant! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
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I agree with you. Bitcoin will go nowhere. Last year in June-July, people were going through the same FUD when almost all the altcoins crashed, but this year, we saw that they increased in value as much as 20%. I also think that bitcoin cash may compete bitcoin.
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thank you for share good information... nice post resteem and upvote done
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Thanks for this post @coininstant i also noticed the Gateway timeout and thought about the connection to the Bitcoin / market/ stock dropped across the board.. but with Steemit yea it would be cool to know what happened that made the gateway timeout... when i first started trying to watch DTube i had some issues when I first joined but all and all i love steemit and the new community here is great. On the block chain.
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yes friend think positive all is well .
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Let's see if 5500 support level holds or not. It should hold now because Daily RSI has gone below 25 level and there is no market in the world that just keep rising or keep falling. The same thing will be applied to bitcoin markets. So let's stay positive and things will turn around.
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Every low has a rise.
So Have faith and pray.
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HOLD HOLD HOLD is what doctor orders me. But the way things are moving we never know what will happen. There is a chance of emerging a alternative coin that can defeat Bitcoin and become the leader. May be this is for temporally. Best thing is not to panic and wait for some time.
Cheers!
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bitcoin crash
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its great for all steemers n thanks for sharing sir @coininstant
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This post has received 50% upvote from @minnowspower thanks to: @theguruasia
MinnowsPower is not a bot, I am a Crowdfunding Hybrid
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This is valuable post.great crypto experience. very helpful info
@coininstant
(((((((Resteem service)))))
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impressive market analysis. bitcoin dropped faster than it grows. but hope for a good future :) nice post @coininstant
@resteemia
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Very useful information and thanks for sharing.
Upvote Resteem
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if anything like this happens, the coins market will lose the trust of the traders, go up 1000%, then down again 1001%, very visible a chaotic market, people will be very afraid to buy. because there is a buy at a very high price, then the price plunges 1000% to the original level, make traders cry, they will see this like a game.
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Wallstreet futures make it worth it for wallstreet to dump and pump real bitcoin because they can get paid on the futures side
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Its is a great for Steemit...thank you sir for share
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Indeed, our concerns occur when something happens against our prediction and our estimates, I'm sure even without foundation, by the end of the month bitcoin prices will jump up again even if it lasts for a short time.
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In december in two weeks we went from 5k to 20k so what would stop bitcoin to do the same?
This fall was great for me to get better positions at a cheaper price :)
Loved it and if it falls more i will buy more :D
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@coininstant yup you have really pointed out a very good point according to me also the price of btc should first get stable after that we can think of 50k.... Loved your content @coininstant
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when fall there must be a word rise sir
which is important we must be patient and always pray
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Bitcoin will definitely go up again.Believe in the technology, be patience and keep hodling that's it !!
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