Has Crypto hit the bottom?

Tableau Batman99
Dec 11, 2018 50 Comments

Is crypto going to see another free fall? Or is the end & it’s going to be dead? Good time to buy some bitcoin? I know HODL group would say go for it & buy as much as you can. But what’s the general consensus?

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TOP 50 Comments
  • Oracle tenuy
    Bitcoins been called dead about 30 times before. Each time it comes back stronger than ever. I think we're almost at the bottom given all the impressive institutional platforms launching early next year. Now may be the last chance to ever get a bitcoin for less than $10k - use the discounted price to your advantage
    Dec 11, 2018 15
    • Citibank / Finance $$>RSU
      @airbus, thanks for the reminder. Wake me up in 2020. Love your handle 😂😂
      Dec 11, 2018
    • Oracle tenuy
      How much I own or what price I purchased at has nothing to do with this discussion on whether bitcoin has merit or not.

      I get paid for a service I provide in crypto, so there's crypto transactions not about buying or selling right there. And I didn't need to set up a bank account, prove identity, etc, to get paid this way. Do you know how many people in the world don't have access to banking services, to participate in the global economy? I'll give you a hint - most of them :). With bitcoin, we can finally bank and transact with the entire world, directly with no middlemen.

      I don't know the percentage of crypto transactions that are about services and goods vs buying and selling. But I do know that $1 billion per day is moved on the bitcoin blockchain, and almost all crypto exchanges don't do their buy/sell transactions directly on the blockchain since the transfers are between customers on their network. So most likely almost all of that money transfer is not around buying or selling. Even if a large portion was, using crypto currency as an on ramp and off ramp to transferring fiat currencies is a real use case that requires buying and selling crypto to do. Remittances are much faster and less expensive with cryptocurrencies for example.
      Dec 11, 2018
    • Citibank / Finance $$>RSU
      Compelling argument on the way up. Realty below. Bitcoin investors, those that have actually purchased bitcoin, disagree with you. Their opinion drives the price of this “currency”. If you’re as confident as you say you’re loading up., but you’re not.
      Dec 11, 2018
    • Oracle tenuy
      Zoom out another year. Up 417% percent from 2 years ago. How's that for investor sentiment?
      Dec 11, 2018
    • Citibank / Finance $$>RSU
      Current investor sentiment? Irrelevant.
      Dec 11, 2018
  • Citibank / Finance $$>RSU
    No. Ask again when the price is zero
    Dec 11, 2018 18
    • Citibank / Finance $$>RSU
      @tenuy, you mention countries that are collectively meaningless. BTW, Venezuela has created a cryptocurrency to bypass sanctions. So much for that theory.

      @stu, the job market is so fucked by the time you graduate. Good luck.
      Dec 11, 2018
    • New stuY17
      Meh, jobs are for the poor
      Dec 11, 2018
    • Oracle tenuy
      RSU, you don't seem to realize you got lucky just being born in America. You did nothing to earn that. If you view saving millions of families from economic and government oppression as meaningless, then yeah I see why you don't see value in bitcoin.

      Venezuela also has cars, electricity, guns, paper currency, and airplanes. Having technologies and being an oppressor doesn't mean the technology doesn't work or isn't valuable.
      Dec 11, 2018
    • Citibank / Finance $$>RSU
      I love America and hate seeing people in misery. Which is why I hate bitcoin as an invest.

      Wow, you may want to change your handle to Ted Kaczynski.
      Dec 11, 2018
    • Coinbase BgQO62
      interesting
      Dec 12, 2018
  • Zendesk Timp
    I’ve been purchasing bitcoin little by little(5% of my income goes to bitcoin). I don’t think it’s hit rock bottom, but it’s definitely not dead. I don’t look at the price too much, I just treat it like another asset
    Dec 11, 2018 3
    • Citibank / Finance $$>RSU
      Manure is either shit or an asset depending on how it’s used. What use does Bitcoin serve. If none then it’s not an asset.
      Dec 11, 2018
    • Zendesk Timp
      Someone seems pretty sour on bitcoin. I was wondering why, then a quick glance at your employer told me why
      Dec 11, 2018
    • Citibank / Finance $$>RSU
      Another ignorant comment from someone who hasn’t any clue how banking works beyond a checking account. Banks are pouring money into blockchain and distributed ledger technology because of its potential. Bitcoin is a scam

      How much do you have invested in crypto and at what average price? Bet you’ve built up a nice loss.
      Dec 11, 2018
  • Amazon / PR jefe_bezos
    Definitely has a hot bottom.
    Dec 11, 2018 0
  • Amazon OvBd68
    Yes. Now is the time to buy. 2019 it’s gonna hit 50k
    Dec 11, 2018 0
  • New bkjt
    Buy buy buy. Buy when everyone is saying don’t. People’s opinion on a new asset class will only change when their bank/money manger starts offering it as part of their portfolio. This is already happening with ICE & Fidelity entering the space. But by the time everyone says buy, it’ll be too late and you’d have missed the boat.
    Dec 21, 2018 0
  • eBay YAgV34
    Whe it hits 0 that’s the bottom. It’ll happen sooner or later for crypto
    Dec 11, 2018 2
    • Microsoft wPJi31
      No more than your ignorance about bitcoin
      Dec 25, 2018
    • eBay YAgV34
      Which is still definitely higher than the return on your bitcoins portfolio, for which you most likely said it had not hit the bottom when it was trading at 8k
      Dec 25, 2018
  • Sprint lxCy58
    There’s no bottom in crypto, it’s value is not pegged to profits like stocks or $ like real currencies.
    Dec 11, 2018 2
    • Microsoft yEfH22
      Dollars aren’t pegged to anything anymore either, BTW
      Dec 11, 2018
    • Amazon JSnowflake
      Dollars are a residual claim on the output of the US economy. And their value is managed to the cost of a certain basket of goods plus an inflationary allowance by the Fed.
      Dec 11, 2018
  • Microsoft oroC00
    Value of the dollar is in its utility - most popular and globally enforced (us military) medium of international trade. It also acts as main currency reserve due to deep and most liquid debt market for us treasuries plus dollars are needed to purchase oil. All of this drives demand for dollar globally. The utility of crypto’s are mostly driven by flight of capital (China, Russia) and shadow markets such as drugs. There will always be need for this type of utility, but the volume is limited compared to international trade. The only reason crypto’s have exploded in price last year was due to speculative demand that fed on itself until this ponzi bubble was exhausted and started reversing
    Dec 11, 2018 0
  • Sprint lxCy58
    Technically correct, however the value of $ can still be derived from dollars in circulation, gdp growth, exchange value to euro and other currencies...
    Dec 11, 2018 0

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