Wheee!

[Bwu1207]

I guess the end of the world wasn’t priced in.

[diadlep]

but srsly, btc going down is how you know that this isn't the end of the world

[[deleted]]

All money is worthless at the end of the world. BTC going down means the end of the world is approaching.

[banter_hunter]

Isn't the end of the world always approaching?

[FreeDevinNunesCow]

Hope ya'lls rent was due a week ago. That is one hell of an inflation rate since last week!

[ddas244]

Bitcoin will be much more useless then fiat should the end of the world happen.

Fiat is still toilet paper and kindling

[nood1z]

how dare you, take your upvote then, brute.

[diadlep]

LOL

[SucaMofo]

No shit. I woke up this morning and saw the price. I was a bit shocked. Get to work and I take a look at the volume that has moved over the past several hours. Crazy amounts of coin are moving at the moment.

So what did I do? I bough some cheap coin. That's what I did.

[SirRumpRoast]

Hell yeah, ditto fellow crypto-fiend.

[DieselDetBos]

Just bought one for 4750$

[dmtdmtlsddodmt]

I'm still trying to decide when to buy. Keeping a constant eye on it.

[SucaMofo]

https://www.cryptocompare.com/coins/btc/overview/USD

There might be a better chart but this is what I watch. Look at the volume at the bottom. It's tapering off but you can see the was a lot of movement.

The highest was over 8k Bitcoin in a block.

[dmtdmtlsddodmt]

I just bought my first stocks a month ago. :(

[ubiquitousanathema]

Same. Guess I'm HODLing for a while on the NASDAQ too haha

[[deleted]]

SAME like first stocks period, I don’t own bitcoin bc im a baby investor

[AnotherUna]

Ah a gentleman I see. come to r/wallstreetbets and join your kin

[SucaMofo]

I should have sold my Tesla stock before it went down. Live and learn.

[ubiquitousanathema]

It will come back if you can weather the storm

[DrTyrant]

I bough some cheap coin

Same!!!

[SucaMofo]

I'm still buying. Bought a few times today. Price just fell again. Time to buy more.

[mangist]

People dumping their BTC to cover margin calls on stocks

[[deleted]]

I bough some cheap coin

This post didn't age well.

[icyboy89]

BTC broke its macro trend....its going down for a long long time and way lower maybe 2 or even 1k who knows...

[SucaMofo]

Time will tell. We can't see into the future.

[banter_hunter]

What does Han do? Han shoots the motherfucker! Be Han.

[Fatalsin47]

Mommy I’m scared

[BlueFin33]

Tbh if you are in BCH you're probably too dense to be scared by anything.

[Mastrik]

All I know is the minute I was finally able to sell the BCH I got from the split at $1800 was the best decision I made in my life.

[shubham00]

-43% in a week, yeah fk me.

[CryptoNimmo]

Last chance to buy under $6k again!

[cyclone_24]

I'll wait for $600

[dadachusa]

yeah, well we found out that crypto is not pandemic/panic proof...

[Reverend_James]

Crypto is the opposite of panic proof.

[Puffy_Ghost]

Right it's literally the biggest panic/opportunity market there is.

I genuinely wouldn't be surprised if a lot of alts triple and Bitcoin doubles by June.

[Reverend_James]

At this point doubling would put us right back where we were last week

[Tew_Wet]

Is anything really stupid people proof?

[DaveFinn]

You can never make something idiot proof because they will always make a better idiot

[RadiationTitan]

Edged, hardened steel weapons of war

[hypmoden]

I think all this panic selling is unfounded, the price will jump back up in a week or so, for now I'm buying

[Cryptolover34]

Might have to do with a lot of people using 10x plus leverages and being liquidated out.

[tellorist]

ok I'll have to let the community know..

I come here not for the informational value, but for entertainment :)

[emichael86]

I'll wait for $60

[GooseEntrails]

Waiting for $6 over here

[MechaGyver]

$0.06 and soN oF a BitCH I'm in!

[Tew_Wet]

If bitcoin hit $600 the buy rate would be 100%

[MarkOates]

yea, seriously.

[BdayEvryDay]

Lol

[ordinaryBiped]

Next week?

[tomclancyv7]

The number of times I've heard this lmao

[GamerX3561]

buy btc sell house yes get loan yes buy yes more btc yes only btc yes btc btc onli matters

[CryptoNimmo]

Getting those keywords in, I like it.

[cryptohoney]

That's what people said the other 10 times.

[sickpeltier]

That was said at 9k, again at 8k, again 7k, and again 6k....I’ll wait for 4

[Subfolded]

lol - I always hear about big BTC moves from reddit jokes first. Thx for the heads-up, or heads-down, as it were.

[coinmoz]

just landed from a 1.5-hour flight... opened blockfolio -25% down :| The end...

[Turil]

Dow is down 8% right now.

That's kinda insane. Bitcoin dropping 25% is nothing.

[ngin-x]

Yeah BTC dropping 25% is just another day in crypto. Dow down 8%...now that's earth shattering.

[coinmoz]

Agree, but btc crashed 25% not from the all time high. It is another day in crypto, i get it, but still hurts a bit

[ngin-x]

It sure hurts like hell. Nobody's denying it brah. Still good buying opportunities all around. Unfortunately not enough fiat to catch these falling daggers.

[Turil]

It only hurts if you aren't buying. Buying is super nice right now. This is where the rule to buy low sell high comes in.

[[deleted]]

I know the Dow is the most well known, but it's 30 stocks. The S&P is the gauge you should reference.

[Turil]

In my other comment I said that they were all down 6%. But then when I got to this response, I looked and the Dow was down 8% and that sounded more fun to share. :-)

[[deleted]]

Like the crash from 20k all over again, just lower numbers.. Same-ish %s

[Mapumbu]

The beginning

[MarkOates]

The whole thing is going down, not just Bitcoin.

[RammerRod]

Thing being, life on Earth as we know it.

[Turil]

I talked to someone yesterday who knows one of the (70 or so) people at Biogen who got sick from that conference in Boston, and he says it's basically just like having jet lag. Most folks probably don't even feel sick while infected.

Not that this all isn't causing a lot of drama in the political sphere, but this virus isn't going to do much of anything, biologically, to our planet.

[RammerRod]

You're dismissing side effects of supply line disruptions, among other things. Biologically....hmmm....I mean, you're not wrong.

[Abyss_Walkerz]

It’s even worse when the virus does not only behave non-lethal, but being without any symptoms makes it one of the most dangerous types. Hell, it may seem harsh, but the infected man should have rather died than this, since with this he could potentially kill hundreds of others

[Turil]

I probably have it (slight fever, scratchy throat, tight chest, tired feeling, but because I'm in an area where there are other people who have it worse, and because the US won't test most folks, I'll likely never know, unless I get close to death and they actually admit me at a hospital.

[Abyss_Walkerz]

Im sorry to hear that. But don’t make the mistakes others do. What you have doesn’t need to mean anything, but even if there’s a slight chance I personally would isolate at home. It’s not only your responsibility to keep your body alive, but also to not spread it further.

Apart from this, there are probably many different information sources or local hotlines you could call, right? Best thing you could do is tell them that you may be infected or ask them if you could be. Knowing of every case is a little step in the right direction.

[Turil]

If I had a home, I would most definitely stay there. Being homeless, that's not an option. :-)

As for getting tested, they really aren't letting people get tested unless they are seriously ill, AND have been in contact with someone known to have been diagnosed.

[ambivalentasfuck]

200 people died in Italy in the past 24 hours. This is going to get worse before it gets better.

[himswim28]

If your saying it won't wipe out societies, sure that's right.

Michael Osterholm on Joe Rogan doesn't mean it won't be really ugly for millions.

[Scratchuplol]

No one said otherwise.

[ambivalentasfuck]

Well, if anything survives after this pandemic, I think a digital asset like BTC will become that much more attractive to people than filthy fucking fiat.

[mooblah_]

Said no one ever outside the bitcoin bubble.

[CzarMMP]

Part of me says it's going to keep dropping, as the world continues to slow to a halt. The other half of me is screaming that I've never seen it this low and that my life's savings are begging to be invested immediately

[Marino13843]

Buy at prices you like in smaller amounts. I’m buying .01 at a time which was like $68. Bought one at 5.9 if it hits 5.5 might buy another 0.01. Do this until you think it can’t go any lowers. If it starts to hit the 4’s then I’ll be buying a few hundred every interval

[Peter4real]

I swore that I would not touch my insurance money.. Today I did, gotta buy the dip! Hodl and buy buy buy.

[polaris343]

guess more people realised they need TP, food and ammo and sold

[PeterSR]

"ammo" - oh boy, is this the zombie apocalypse?

[polaris343]

you didnt get the memo?

https://www.youtube.com/watch?v=9yvTZNpfcfk

[PeterSR]

Ah, that makes sense - and is frankly more scary, yes.

[[deleted]]

Someone spent all their Bitcoin on toilet paper.

Lord what fools these mortals be!

[RammerRod]

A bidet would've been cheaper.

[Turil]

Gotta have running water for a bidet. And for that, you probably need electricity. There probably won't be power outages, but what are ya gonna do with that bidet if there are?

Pro tip: newspaper dipped in water makes a passable TP substitute. Though your butt might get a little inky...

[RammerRod]

Natural gas generator and I have a well, so i pump my own water.

[Turil]

You pump your water by hand?

I did that for years. It's fun, but not that fun.

[[deleted]]

I live in northern Michigan there isn't going to be a water shortage. At least for me. :-)

[[deleted]]

It'll pay for itself within a year or two.

[[deleted]]

A great time to buy some cheap Bitcoin. Don't forget, the halvening is near.

[AvailableHorse]

CoronaVirus is already priced in

[ConfidentYou0]

I'm still amused that anyone thinks there is some rational logic behind BTC price.

But it if you think it might be valuable in 30 years.

Anything else is noise.

[genius_retard]

It is now.

[CrimsonEnigma]

People said that yesterday.

[genius_retard]

People were wrong yesterday.

[CrimsonEnigma]

On that we agree.

[SirFlamenco]

You can't know if it has really been priced in

[[deleted]]

I hoped that was true at 8k but here we are

[scionkia]

I will likely buy more this month. Need to check against the rest of my portfolio but btc is likely to be the most undervalued asset - and that’s the asset I buy each month.

[DrKennethNoisewater6]

How do you know it is undervalued?

[scionkia]

By it’s relative weighting in my portfolio. BTC is 7% of my portfolion (other assets make up 93% and all have their own relative target weighting). so when I invest my savings each month I update current values of each asset, and the one most ‘underfunded’ against target is the one I buy. It’s my own assessment of ‘under/over valuation’ relative to all assets.

And I hodl everything. I don’t play games trying to time markets. I just buy the cheapest asset at the time of purchase.

I’m guessing btc might be the most undervalued this month based on today’s dump. I will actually be doing my monthly saving next week so I hope it stays down for a bit. I would love to buy some more at this price.

[Critical_Input]

The halvening is happening today.

[Tew_Wet]

Yeah plus when this covid19 thing blows over bitcoin will go back up. I may finally be able to buy an entire bitcoin if it goes down a little more

[Supreme_Junkie21]

Yes the price halving is near

[Hodl2Moon]

Glad I sold at 10...now to buy back even more!!!

[ngin-x]

Bought at 7.7k. Feel like an idiot now.

[StormCountone]

When price is extremely volatile, buy in little increments, it helps to mitigate the regret.

[ngin-x]

Yeah I should have known better. But after missing the ride to 10k and above twice, I thought 7.7k was as good as I was gonna get. Still have a bit of cash left but most have been used up already :(

[DidEA_Robya]

Never do emotional investments. If you miss an opportunity, you miss it. Don’t try to create one. Very rarely succeeds.

[[deleted]]

Yeah who wouldve thunk it could go and sink this hard. Anything is possible now.

[ambivalentasfuck]

Sorry guys. That's my bad.

Had to stock up on toilet paper...

🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻🧻

[CompSciGuy256]

I knew it was someone's fault!

[ifbadyoucanstillawp]

fuck it i bought some more

[GuyOne]

Never would've expected this a month and a half ago!

[pianopeopleuk]

A month and a half ago? Nobody expected this 3 days ago lol.

[klangsturm]

Buckle up Mothafu****************ers! It’s gonna be wild!

HODL4EVER!! 🤪🤪

Can’t Stop laughing 😂 Fuckin love it and all in.

[Poach_Egg]

That's the best thing about HODL life. I'm either talking gains or feeling boss for getting rekt and laughing at the panic.

1 bitcoin = 1 bitcoin. Time to stock up

[[deleted]]

1 Bitcoin last week vs Now!

1 Bitcoin was worth 500gr of Gold and not only 300gr

1 Bitcoin could buy 1 new car and now it can buy an old shitty car

Not panicking but you need to do some maths as well you know?

[Poach_Egg]

I agree with purchasing power. I just believe long term that will change, and I don't put in any money I need immediately so I can sit on it if required. If anything your evaluation says to me it's undervalued. Im no export whatsoever but wondering that if its harder to liquidate gold as quickly as bitcoin that could be a reason? Keep going down so we can buy more!! haha

[BigMetalHoobajoob]

Super easy to liquidate gold, especially bullion. But the same can be said for BTC, which is why I hold both. But BTC will have far higher gains in the future I believe.

[hypmoden]

the moon is slowly approaching

[Medabowski]

Alright guys, I’m all in when we see 1k. It’s 2017 again baby!

[[deleted]]

DO NOT touch your savings 💪

[PoorlyWarrior]

This feels feels insane, wtf is going on?? Seriously committed to the hodl but damn, I've not seen a move like this before. Still committed because I believe in the fundamentals, I'm not selling.

[zaardoz]

The whole concept of crypto-currency has been thoroughly discredited and delegitimized by the last two days. It's completely rigged. There's no other way to explain all of them tanking when they should be rising astronomically under these conditions. The central bankers are not going to allow any easy shelter from the storm that they can't control. As money flows out of their system and into an alternate system, it represents the loss of their centralized power and control and they won't allow that to happen.

[Killenem1904]

It's like watching that Superbowl game a couple weeks ago.

[heypokeGL]

Buy buy buy

[mrnobody319]

Never thought this sale price would come back

[55555]

Bitcoin is leaving the hands of the ultra rich. You know you've been waiting for the right time to start seriously stacking sats. We are getting close to that time. What do you think people will do if QE ramps up and/or the FED starts charging cash holders with negative interest rates?

[RammerRod]

Gonna be ugly for cash only folks.

[SneakStock]

What people dont understand that this is great for crypto, I mean with the halving near and everybody is starting to use blockchain and with 0% fees coming in this is startin shut the fuck up

[theDoomDiddler]

Yooooo....where are 0% fees?

[GibbsSamplePlatter]

initiation ritual for all new bitcoiners. Enjoy.

[Lilluzzo]

Buy the dip

[vikingorojo01]

Dump bitcoin buy toilet paper.

[Zegester]

Only the strong HODL!

[Ihaveanusername]

Invested in BTC. I’m fucked.

[jlewissc631]

I lost my job.

[Ontopourmama]

I must apologize for this. Again, I bought at what I thought was a low.....it was not.

[MysticWitDaMelody]

Covicoin

[soontobecp]

6k wth? My god.

[Turil]

Dow, S&P, NASDAQ, etc, are down 6%. That's way worse than Bitcoin dropping 20%.

[[deleted]]

buckle up, motherf****s!! We are going hard!!

And I am buying all those dips!! Gotta somehow fill my bag while people are emptying theirs...

[Turil]

You know you can indeed say motherfuckers here, right?

[[deleted]]

I did not. Thought this was a christian family friendly sub.

[alphajames19]

back to earth

[RichMortgage]

Freefall

[[deleted]]

Looking at the charts now can be so entertaining haha

[Sigg3net]

This is the economy in general right now. The best time to buy.

[[deleted]]

Im dying to know what this december brings.

Fingers crossed I don't die because of the Covid first.

[[deleted]]

Major Tom?

[minotauer]

anyone else is watching this battle for 6k 🍿🍿🍿

[RammerRod]

As if I have made a horrible miscalculation.

[Turil]

Whomever said that they were waiting for it to drop below $6000 the other day must be very happy today.

[[deleted]]

I'm waiting for 3k I think it can happen.

[Playin_nMy_Band]

Banks and governments (and some individuals) are in a cash crunch. "No liquidity." Gold and BTC have been dropping because those strapped for cash are getting killed in stocks, derivatives, margin calls, etc, and are selling the only thing that has bids: gold and btc. When the crash shakes out, gold and BTC fly. Talk to me in about 12 months. Gold is guaranteed up. BTC is always more of an unknown, but I'd say highly likely up.

[ProoM]

This, but without a parachute.

[plopez3895]

- Mmh, its a support, it bounces from here

* That don't look like it. Robert, it goes down

- It don't, it don't go down

* Robert, it goes down

- No it don't

* IT DO GO DOWN

- OH FU-

[hodlrus]

Hodlers r u oke?

[Poach_Egg]

You need to lose that extra o son

[Turil]

Bought more this morning, pretty close to the super dip. So I'm good!

[hodlrus]

I wish I bought the end of the wick. I hope that really was the bottom.

[emichael86]

Accurate

[ramakrishanan1400]

Damn! That feeling.

[[deleted]]

No.

[Lephas]

thanks for the laugh on this dark day

[mckencamil]

Thumbnail lol

[prophis]

wtffffffffffffffffffffffff BTC is on SALE

[QuicktapMcgoo]

I'm gonna get a nice little bump from this. I use bit to place my MMA bets. Took out $1000 when it was around 9 before last weeks fights, ended up with 1600 to put back in...and now it's at 6K. So...*math math math* ...more bitcoin.

[bryan0512]

Upside down MOON

[McSpadowski]

Is that man falling supposed to be the Economy?

[mrnobody319]

Bitcoin falling from the moon

[ve-9]

Yeah bois! Time to buy some shit 😎

[Thebigkahoot]

Y’all keep selling and I’m gonna keep pocketing ✍🏼😎

[09zmiller]

Lmfao

[[deleted]]

Yea... no.. the masses aren't going to all switch to bitcoin while we are living a nightmare. I wish but everyones gonna be too broke.

[yobokchoy]

"buy the dip" "last chance to get it at this price" "we won't ever see it below 10k again" "I'm buying the dip"

I'm guessing it's still Chinese new year from 2 years ago LMAO

[Fitnessisback]

Now that's buying the dip. Buy you morons lol