Quote from: o_e_l_e_o on November 20, 2018, 01:14:38 AM

Institutional investors. Wall Street bonuses. ETFs. Chinese New Year. Thanksgiving. Black Friday. Christmas. We've heard nonsense like this pretty much on a weekly basis all year.

We've also seen charts comparing bitcoin to bitcoin in 2014, to gold, to dotcom, to whatever you like. Past performance does not predict future results, and past performance of something completely different to bitcoin like gold or dotcom definitely does not predict future results.

I'm completely bullish long-term for crypto, but posts like this are really getting old.

Seems we're reaching despair level.
It's like falling in a ravine with your car and cheering up when you're hitting the bottom since you won't fall anymore Grin

Over the last months, I've seen thousands of potential saviors of bitcoin, the ones you mentioned, bakkt, adoption in Venezuela, Nigeria, Iran and so on, but the truth is that we're deep in bear territory and wishful thinking won't change much.

The "cheap coins" stuff is so yesterday!!!

Quote from: NeuroticFish on November 20, 2018, 08:08:15 AM

I agree, but still I think that OP may be somewhat correct.
The dump is too big, too steep, it smells like somebody wants to achieve something, not somebody that cash in some gains or has to get liquidity.

It's steep percentage wise but in terms of $ lost per coin price we've seen worse. After all, this is just (lol!) a 2000 drop, in January we dropped 6000 in a week.