Quote from: sidehack on August 11, 2018, 02:51:54 PM

The opportunistic market jackoffs buying in would be the only ones to benefit, and the rest of us who actually work for a living will keep getting screwed. I'd like to see it back above about $8k and actually hold steady for a while, but stability will only happen when bitcoins are used more as a currency than as a stock. Margin sale profiteers love that volatility for their short-sighted gains, but that cripples confidence in reliable spending power necessary for the long-term economy.

Couldn't agree more than you, since I'm self-employed and practically earning 100% crypto now. I generally don't lose or gain much, since I earn and have to sell regularly/periodically. Last year I'd almost always be selling at some profit from the Bitcoin I'd gain from payments, but this year, I'm almost always selling for a loss. Three consecutive invoices now worth 5-15% less by the time I received payment and are able to use them to pay bills, buy stuff or sell for cash. Don't want to do the numbers but I suspect I might now be approaching net loss.

Not really stopping me from spending BTC, I still believe the economy needs to move, but it is a bit of a bigger wince each time I'm paying for that weekly pizza (figuratively and literally).

Quote from: sidehack on August 11, 2018, 06:09:34 AM

I'll let y'all know when to buy in at the bottom.

Cool. I'm saving a couple of big invoices but can't realistically hold them too long so yeah floor anytime this month would be neat Wink

Need to eat and stuff.

Quote from: philipma1957 on August 14, 2018, 03:27:53 AM

Maybe it should drop to 3500.

That should knock most miners out.

That might even tempt me to revisit some alts I ignored last year.