damn, so much price action over the weekend. such a big gap for cme futures. like $1000?! damn, rip. although everyone always likes to say "gaps are always filled".. so will be interesting to see what happenssome volume was highest ever, higher than 2017 even. bitmex had an insane amount of volume - over $10bn. think how much they make in fees!wonder what will happen when binance open up their wallets again (tuesday). alt season? hope so, alts are so rekt
It's the re-valuation of crypto and we are going to find out just how much Tether/Bitfinex inflated all those altcoin prices.
To what extent do you think Tether/Bitfinex could have inflated bitcoin? More immune than alts to overvaluation would you say?
Most alts have been falling like that, true, but a very few have not. Would you touch those? I mean, is there anything worth buying now?
If you were in btc in 2016 then now is already really big. 800% higher. Also each person should try to get 1 bitcoin while they can and hodl till it's 1 mill.
Quote from: HappyPlanetAbuser on June 12, 2019, 01:04:49 pmIf you were in btc in 2016 then now is already really big. 800% higher. Also each person should try to get 1 bitcoin while they can and hodl till it's 1 mill.Your maths isn't very good. If you bought BTC in 2016 - let's say the average price in that year is 600 (the high in 2016 was about 750 and the low was 420). Today's price is about $8,000 so that's an increase of about 1300%.But what if you had sold your 1 BTC at $17,000 and bought back in at $4,000, then you would currently have 4.25 BTC which would be worth $34,000 today which would have been an increase of over 5500%. Notice I didn't pick the absolute top and bottoms in that example, instead those were areas where you could see the volatility coming back in and possible reversal patterns forming.Sadly most people buy when the crypto "experts" (shillers) tell them to ("it's going to the moon"), and hodl until they have lost a significant chunk of their capital. Then they sell for a loss when the experts tell them it's going to zero.