krcoolsongss
High RollerHigh Roller
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2582
Thanks given: 1856
Thanks received: 1278
9 March 2020 - 3:13pm

Bitcoin dropping

24 replies • Last post

Wow, BTC is dropping quickly.

All the stock markets seem to be down big time.

BTC is probably not an alternative asset to regular stock market, since both tend to be fluctuate in the same direction.

sharpe

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 9059
Thanks given: 5005
Thanks received: 4496
9 March 2020 - 11:41pm
#1

Yep oil prices and the stock market and everything else is plummeting too. Probably a good time to buy if you have spare cash lying around.

sharpe

Always play it safe! Consult our list of rogue casinos and warnings before depositing at a new casino.
Post in our forums to earn CLchips which can be used to buy real prizes in our CLchips shop.

eeBitcasino.io
Casino RepCasino Rep
Joined: 14 Dec 2018
Posts: 4
Thanks given: 1
Thanks received: 3
10 March 2020 - 11:22am
#2

Hi guys!

In fact, analysts expect the cryptocurrency market to benefit from the potential impact of the coronavirus outbreak. So they suggest that it’s a good time to invest in different cryptocurrencies.

Ed's note: link spam removed.

Your comments and thoughts are highly appreciated.

Cheers,
Karl
Bitcasino.io

2 sharpe, coolsongss

Representative of Bitcasino.io, blacklisted for running pirated games.

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7194
Thanks given: 3796
Thanks received: 1047
10 March 2020 - 5:04pm
#3

It's back at 8k+ today so not exactly that huge of a drop I guess..2-3 months back (or maybe even sooner)it was at 7.5 all the time.

What's the wallets or platforms you guys have been using to store or trade your coins?

I've used Coinbase before but I'm struggling to authenticate and link my bank account there so not exactly very functional for me, and the fees for purchasing coins through a debit card are quite high compared to other sites I guess.

My bank also doesn't stimulate to say the least trading bitcoins (don't know what their problem is to be honest cause they charge fees for the transactions anyway).

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7194
Thanks given: 3796
Thanks received: 1047
10 March 2020 - 5:11pm
#4

Thanks for the tip Karl, I'll make sure to check that out, could be a useful info IMO.

Bitcasino.io

usAcewins casino
NewbieNewbie
Acewins casino's picture
Joined: 10 Mar 2020
Posts: 2
Thanks given: 0
Thanks received: 1
10 March 2020 - 5:44pm
#5

It is only a good time to buy more BTC and I see that it is correcting. I will advise to make smaller investment in times like this and not investing more than you can afford to lose as the dip may further to what you may not like to see.

sharpe

usbarbadosslim93
Forum AngelForum Angel
barbadosslim93's picture
Location: Michigan
Joined: 28 Jan 2011
Posts: 11552
Thanks given: 676
Thanks received: 1553
10 March 2020 - 6:15pm
#6

Bitcoin is more volatile than my brother-in-law when his drugs run out. I respect the hell out of people that invest in it, but I don't have the guts to do it.

2 sharpe, coolsongss

krcoolsongss
High RollerHigh Roller
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2582
Thanks given: 1856
Thanks received: 1278
11 March 2020 - 1:26pm
#7

I visited and opened my account there.
Do you require verification for BTC withdrawals?
How long usually do withdrawal take, with mins, hours, 1 day, or 2~3 days, etc.?

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7194
Thanks given: 3796
Thanks received: 1047
11 March 2020 - 8:21pm
#8
barbadosslim93 wrote:

Bitcoin is more volatile than my brother-in-law when his drugs run out.

Wow, That's quite an example slim, so it's that bad...!?

auMatthew
GamblerGambler
Matthew's picture
Location: Australia
Joined: 20 Sep 2019
Posts: 86
Thanks given: 60
Thanks received: 62
12 March 2020 - 6:35am
#9

Thankfully I cashed out 95% of my Bitcoin at peak. I moved the remaining 5% to Ignition Casino to "protect" against price fluctuations after the initial drop.

However, the price could have gone either direction and that's important to remember...you can't make the perfect decision every single time with a volatile asset like Bitcoin.

sharpe

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7194
Thanks given: 3796
Thanks received: 1047
12 March 2020 - 12:06pm
#10

It's really dropping now...under 6k! Didn't see that coming to be honest.

eeBitcasino.io
Casino RepCasino Rep
Joined: 14 Dec 2018
Posts: 4
Thanks given: 1
Thanks received: 3
12 March 2020 - 2:27pm
#11
coolsongss wrote:

I visited and opened my account there.
Do you require verification for BTC withdrawals?
How long usually do withdrawal take, with mins, hours, 1 day, or 2~3 days, etc.?

Hi!
And thank you for joining us. Take a look around and we hope you enjoy your stay 🙂

About verification for BTC withdrawals. Well, we can be flexible on withdrawals, but we do have the right to carry out KYC verification procedures and access to your account may be blocked or closed if we determine that you have supplied false or misleading information.

We also reserve the right to carry out additional KYC verification procedures for any withdrawals exceeding the equivalent of 1 Bitcoin or €2000 as regulated by our gaming license.

If you have any other questions, feel free to contact me.
I am happy to help anytime 🙂

Cheers,
Karl
Bitcasino.io

Representative of Bitcasino.io, blacklisted for running pirated games.

eeBitcasino.io
Casino RepCasino Rep
Joined: 14 Dec 2018
Posts: 4
Thanks given: 1
Thanks received: 3
12 March 2020 - 2:37pm
#12

Forgot to mention that withdrawal takes under 2 minutes 😉

Cheers,
Karl

coolsongss

Representative of Bitcasino.io, blacklisted for running pirated games.

krcoolsongss
High RollerHigh Roller
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2582
Thanks given: 1856
Thanks received: 1278
12 March 2020 - 5:04pm
#13

OK, that is great. Thanks for the answer.

These days, many good casinos provide withdrawals in mins, so no reason to play in casinos with slow withdrawals.

krcoolsongss
High RollerHigh Roller
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2582
Thanks given: 1856
Thanks received: 1278
12 March 2020 - 5:07pm
#14
sharpe wrote:

It's really dropping now...under 6k! Didn't see that coming to be honest.

Yeah, this is crazy again. I changed it into USD at $7,600.
Then, around 4 hours later, it went down at $6,000.

I saw the value staggering around $5,800.

krcoolsongss
High RollerHigh Roller
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2582
Thanks given: 1856
Thanks received: 1278
12 March 2020 - 5:10pm
#15
barbadosslim93 wrote:

Bitcoin is more volatile than my brother-in-law when his drugs run out. I respect the hell out of people that invest in it, but I don't have the guts to do it.

Today was a crazy volatility like 20~25% down.
I could not believe it.

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 9059
Thanks given: 5005
Thanks received: 4496
12 March 2020 - 11:07pm
#16

Your comments and thoughts are highly appreciated.

My first thought is that people from casinos run by companies that have been busted running pirated games are not welcome here. I don't care if all your games are legitimate now, we have zero tolerance for that stuff. It shows a complete lack of professionalism and application of due diligence at best, and a deliberate attempt to rip off players and game developers at worst.

Every time you post your casino name here it links to our blacklist page.

Please don't come back.

coolsongss wrote:

I visited and opened my account there.
Do you require verification for BTC withdrawals?
How long usually do withdrawal take, with mins, hours, 1 day, or 2~3 days, etc.?

Karl's now banned so he won't be back to answer, but I'd highly recommend avoiding their casino coolsonggs as they have a very shady history.

2 coolsongss, Matthew

Always play it safe! Consult our list of rogue casinos and warnings before depositing at a new casino.
Post in our forums to earn CLchips which can be used to buy real prizes in our CLchips shop.

auMatthew
GamblerGambler
Matthew's picture
Location: Australia
Joined: 20 Sep 2019
Posts: 86
Thanks given: 60
Thanks received: 62
13 March 2020 - 4:59am
#17

Stunning drops across the top 10 cryptocurrencies today! It was the highest single-day trading volume in Bitcoin's history.

markets.png

2 sharpe, coolsongss

krcoolsongss
High RollerHigh Roller
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2582
Thanks given: 1856
Thanks received: 1278
13 March 2020 - 6:21am
#18
Matthew wrote:

Stunning drops across the top 10 cryptocurrencies today! It was the highest single-day trading volume in Bitcoin's history.

Yeah, BTC was around $5,600 until 4 hours ago 😂😂🙄😕🔥
This is a crazy situation 🙂

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7194
Thanks given: 3796
Thanks received: 1047
13 March 2020 - 3:06pm
#19
Matthew wrote:

Stunning drops across the top 10 cryptocurrencies today! It was the highest single-day trading volume in Bitcoin's history.

I guess that means that almost everybody were looking to buy?🤔

And should that have the opposite effect and raise the price a bit when the demand is that huge?

lvblck
High RollerHigh Roller
Location: The North
Joined: 6 Apr 2016
Posts: 2710
Thanks given: 139
Thanks received: 784
14 March 2020 - 12:03pm
#20

I don't have spare cash lying around to invest in bitcoin now, but I never really understood bitcoin anyway, it seems too complicated for me and changes drastically all the time.

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 9059
Thanks given: 5005
Thanks received: 4496
16 March 2020 - 12:02am
#21
sharpe wrote:

I guess that means that almost everybody were looking to buy?🤔

And should that have the opposite effect and raise the price a bit when the demand is that huge?

Well no, not everybody was looking to buy and that is why the exchange price crashes. The sellers have to keep lowering their bids to entice someone to buy.

It seems to me that this is the same covid-19 virus panic that has hit the stock markets in the past week. Everything is cratering as people are panicking and converting to cash. Usually this means they lose loads when the markets rebound in a few weeks or months time.

2 sharpe, coolsongss

Always play it safe! Consult our list of rogue casinos and warnings before depositing at a new casino.
Post in our forums to earn CLchips which can be used to buy real prizes in our CLchips shop.

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 9059
Thanks given: 5005
Thanks received: 4496
25 March 2020 - 4:02am
#22

Well its gone back up to over $6500 a coin over the past few days, possibly in response to some dope in the U.S. government who publicly stated that they could print an unlimited amount of cash to stimulate their cratering economy. Hmmm. Maybe the guy should go visit a high school economics class and ask the kids there why that might not be such a good idea before suggesting such stupidity.

sharpe

Always play it safe! Consult our list of rogue casinos and warnings before depositing at a new casino.
Post in our forums to earn CLchips which can be used to buy real prizes in our CLchips shop.

krcoolsongss
High RollerHigh Roller
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2582
Thanks given: 1856
Thanks received: 1278
25 March 2020 - 7:39pm
#23

I still vividly remember BTC dropped over 30% in a few hours day last week 😂😂
Let's see how BTC will move around in the next weeks 🙂

sharpe

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7194
Thanks given: 3796
Thanks received: 1047
26 March 2020 - 6:42pm
#24

Yeah...the rate would probably stabilize a bit...it's not possible to go down whole the time...not that I'm really aware about it but just a common sense I guess.

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.