Naughty, naughty. Good spot peterma 
I take absolutely no pleasure in the roller coaster ride crypto-holders currently have to endure, but this was irresistible
In fairness, todayâs been better, up 5%
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Bitcoin stabilizes after plunge, but downside risks remain
Recent volatility in Bitcoin trading has been nothing short of extreme when placed within the context of traditional financial markets. But in the relatively new world of cryptocurrency trading, the recent wild swings in Bitcoin have only been slightly more vigorous than usual.
The latest plunge for BTC/USD began in earnest earlier in the week when reports surfaced that South Korea and China were considering tighter regulations, and even a potential ban in the case of South Korea, on the trading of Bitcoin and other cryptocurrencies. These reports triggered an avalanche of falling prices for key cryptos, most notably the widely-traded Bitcoin, which fell by well over 30% at one point this week.
As the initial concerns over increased Asian regulation began to wear-off, however, BTC/USD began to stabilize on Wednesday after hitting a low well below the key $10,000 psychological level and establishing a new year-to-date low just above the $9,000 handle. By Thursday afternoon trading, BTC/USD was above $11,000 once again, and tentatively taking a breather after a wild ride.
While Bitcoin traders have calmed down in the latter half of this week, the specter of greater Asian regulation on the cryptocurrency has not gone away. The danger to Bitcoin of any increased regulation or outright bans in Asia, which is home to a great deal of cryptocurrency investment and speculation, should not be underestimated. If such tighter regulation comes into being, the price of Bitcoin could take an even more substantial hit.
From a somewhat limited technical perspective, BTC/USD dropped below a key short-term support level around $12,500 in the process of the recent plunge. If the cryptocurrency is unable to re-take that level, and instead falls back below $10,000 again, the outlook should remain bearish given the still-prevailing pressures on Bitcoin. Any further fall below Wednesdayâs $9,000-area low would exacerbate this bearish outlook. In contrast, a sustained move back above $12,500 should indicate that traders are brushing off the threat of tighter Asian regulation, in which case BTC/USD could potentially be poised for a return towards Januaryâs highs just above $17,000.
Source: FOREX.com
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Another decent for Bitcoin, up over 4%, now over 11, 000
Excerpts from the Finance Magnates article:
"âŚbear with me for a moment, and read about how many brokers failed to time the crypto market."
âThe notion that retail clients are always on the losing side of the trade has been intertwined into broker thinking for decades.â
"Consequently, the confidence that the industry expressed when creating synthetic cryptocurrency CFDs that are extraordinarily difficult to hedge, drove some firms straight into the âgreedâ phase of the bubble."
"Since about the middle of the year, retail brokers have started deploying their Bitcoin and crypto trading offerings en masse, relying on a given fact â that sooner or later, retail traders will lose their deposits. A miscalculation that was shaken by a notoriously annoying, but still funny term: HODL!"
Hodl?
â Hereâs New York Magazineâs explanation of that strange word:
Hodl: The intentionally misspelled word hodl has its roots in a December 2013 post on the Bitcoin Talk forum, âI AM HODLINGâ; when the author, GameKyuubi, couldnât be bothered to fix his typo, the community instantly turned it into a verb: to hodl.
Along with other terms, hodl is an effective litmus test for sussing out newcomers, carpetbaggers, and tourists.
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Another down week for the Cryptos, this Bitcoin chart represents much of the Crypto market, stuck in a downtrend stepping pattern, until we break this pattern and see a higher high followed by a higher low, we could still see lower prices.
Theres some support at 10, 000 and again at 8, 000, but if they dont holdâŚ
iâm eyeing 6,000, just saying
Here is week three update, we now have $300 invested in each of these cryptos and here is where we stand as this market continues to pull back
Bitcoin $ -61.36
Ethereum +12.03
Litecoin -67.26
total $ -116.59
Relieved to see youâve only risked a relatively small amount on crypyoâs
Dollar cost averaging on these pullbacks, that is sound long-term investing
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Green day for the Cryptos. What I want to see now is a rally over several days, followed by a pullback and test of the lows, if they hold and we rally past the previous rally then this mini bear market might be over
Current prices, bitcoin holding onto 11000 for now
Bitcoin (BTC/USD) yesterday was below the July trend line but somehow managed to close above the line for two days in a row, if it failed to do so then price 9224 would come into focus. A break below there could be significant, likely bringing in another wave of selling. Hold here, and rally will bring the 13k area of resistance back into play and will need to be overcome if higher prices are to follow.
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I see Arsenal have become the first Premier League team to sign a sponsorship deal with a cryptocurrency provider, CashBet
The Cryptos had a rather calm week and Ethereum posted a nice gain bringing our Buy Weekly Strategy to near break even, we are now at $400 for each crypto and here is our total profit/loss
Bitcoin $ -60.82
Ethereum +78.14
Litecoin -63.76
Total -46.44
last week -116.59
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Looks like Crypto owners need to keep it to themselves
Keeping a wealth of crypto on your phone and bragging to the world how rich you are is asking for trouble, this is one reason why many of us in the US keep a loaded gun in our home, anyway, lesson to others to take action to protect yourself, and put your Crypto on a thumb drive wallet and lock it in a bank safety deposit box
@ria_rose
You seem very interested in crypto currencies, have you invested yet or are you still considering your options
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