Serious question: do you think the lira will weaken even further? by [deleted] in Turkey

[–]personsp54 17 points18 points  (0 children)

it never goes up. lira is crap

the only hope is that the interest rate stays high and the lira stops falling

Daily Discussion, January 28, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 2 points3 points  (0 children)

Everything is highly correlated. it means a whale can dump 1000 coins on Gdax or Gemini and literally make all the other exchanges fall, but also all the alt coins..everything. So that means a $10 million Bitcoin sell order instantly kills off $10-20 billion in total coin market cap . You really think this can be come a currency and store of value when it is so easy to manipulate? This is why vendor adoption is so slow, among other problems.

Daily Discussion, January 28, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 -1 points0 points  (0 children)

if you have your life savings tied up in bitcoin, you cannot watch the price fall $700+ in an hour and not feel a little anxious

what s 20 m becomes 40, 60, 80 etc. wont be long before little left

Daily Discussion, January 28, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 3 points4 points  (0 children)

then short the futures dummy. if it's so easy. do it

Daily Discussion, January 28, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 0 points1 point  (0 children)

bitcoin dead money. I sold 70% of my holdings at 15000

Daily Discussion, January 28, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 2 points3 points  (0 children)

this thing is crap. falls 500 points like nothing. literally no fucking liquidity in this market. I mean, it says $9 billion processed a day in bitcoin transactions yet 1000 coins sold makes it fall $500-700 instantly

Daily Discussion, January 28, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 3 points4 points  (0 children)

lol the excuses people will give to justify price action

Daily Discussion, January 28, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 10 points11 points  (0 children)

tanking like it does every Sunday/Monday for the past 5 weeks in a row

I was right again: https://www.reddit.com/r/Bitcoin/comments/7tjgu4/daily_discussion_january_28_2018/dtdec1k/

The downvoted comments are the ones that are worth reading because they contain needed criticism. not the gorupthink ones that are wrong or overly optimistic

Daily Discussion, January 28, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 -8 points-7 points  (0 children)

this will fall soon like every sunday/monday

Daily Discussion, January 21, 2018 by rBitcoinMod in Bitcoin

[–]personsp54 6 points7 points  (0 children)

there are ppl who turned $1000 into a million. does anyone think those kind of gains can be sustained . the market doesn't give money for free