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Scared about Bitcoin crashing? See this...
 

So Bitcoin value is dropping like crazy, and most weak hands are letting go of their bitcoin because they see themselves losing money.

But if you look at the value/chart of bitcoin properly (as per the graph below), you'll actually see it's a healthy decline, bringing the value of bitcoin back to a realistic figure.

I feel like the spike towards the end of 2017 was all caused by too much media hype, and bitcoin wasn't ready for it. But as uncertainty irons out over the use cases of bitcoin, it should gain traction again.

Maybe it won't increase in value overnight, or this week, or this month, but gradually we should see it hitting new highs again.

I just cannot see us ending 2018 without seeing Bitcoin hit $30k, and that's not unrealistic seeing as it ended 2017 at around $20k.

To conclude, fear not.


https://i.redd.it/qgyrdbuf8gd01.jpg

The graph shows what Bitcoin value would be right now, without the spike it had, and the value seems to be roughly on par. But most importantly, its going up, that's what matters most!

Re: Scared about Bitcoin crashing? See this...
 

G20 meeting will be on march and they will discuss about cryptos... most likely they will deal on serious restrictions or even worse. so guys, be realistic, there is no future for BTC :)

Re: Scared about Bitcoin crashing? See this...
 

I can't disagree that there is a minute possibility of bitcoin being banned in some dominant countries. But there are many countries that are already permitting its use.

*But* lets assume you're right, Bitcoin is not the only crypto. There's others, with other use cases. I can't see Ethereum for example being restricted in anyway, simply because of its use case being so different to BTC for example.

So to conclude, I don't think Bitcoin will disappear post G20. Perhaps restricted in some form, but not going anywhere.

Re: Scared about Bitcoin crashing? See this...
 

Wrong.
Being restricted and being regulated are two very different situations.
I dont have any issue with regulating Bitcoin and other cryptos and paying your taxes if you were to make a profit on them - same as any other investment/asset/income you own.
As long as the governments get their cut and have general knowledge of whats going on they wont have a reason to 'ban' it - even if they could (which if China is any example - they cannot).

Re: Scared about Bitcoin crashing? See this...
 

The issue is that cryto is good stuff for money laundering, stealing, hiding transactions and other illegal activity - thats "core value" that cryto gives to market.. so I'm sure government's wont tolerate it ant they will require for transparency.. and "core value" will be lost. game over :)

Re: Scared about Bitcoin crashing? See this...
 

Which is why it needs to be REGULATED. And everything you just mentioned can be easily accomplished already and is already being done using fiat currency.
So no - not game over. Not by a long shot. But nice that you keep on talking in such absolute terms without knowing what it is youre even preaching.

Re: Scared about Bitcoin crashing? See this...
 

Just an FYI, the legal use of bitcoin has surpassed the illegal use of bitcoin, and legal use is ascending.

Given that fact, in time it will be just like any other currency. Some use it for bad, some use it for good.

Same can be said for £, $ etc.

Re: Scared about Bitcoin crashing? See this...
 

^^What are on of the legal uses for BTC again?

Re: Scared about Bitcoin crashing? See this...
 

For example when the currency in Zimbabwe lost its worth, and people were turning to bitcoins.

Any financial collapse, I see people turning to Gold and Bitcoin.

The recession that's looming, I can see people turning to Bitcoin (as well as Gold).

On a side note - You bash bitcoin a lot, instead of holding it like a hypocrite to make returns, why don't you short it. Put your money where your mouth is.

Re: Scared about Bitcoin crashing? See this...
 

Support level is 7-8k, when it goes to 5k it's way way oversold, sell your houses to buy BTC at this level....
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Re: Scared about Bitcoin crashing? See this...
 

The way youre selling yours?
Tell us oh wise one - how many Bitcoin will you be buying at that level?
Are you ever going to stop it with these useless posts...?

Re: Scared about Bitcoin crashing? See this...
 

Hah slokor - always on point.

Will be interesting if it goes does to 5k

Re: Scared about Bitcoin crashing? See this...
 

You will manage with your one bitcoin.

:bird:

Re: Scared about Bitcoin crashing? See this...
 

The empire leader speaks from his backside not mouth.

:attention:

Re: Scared about Bitcoin crashing? See this...
 

BTC at 8k, mass exit is going on....
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Re: Scared about Bitcoin crashing? See this...
 

we all know you bought higher than mount everest

Re: Scared about Bitcoin crashing? See this...
 

I trash talk it because I've come to realize over the past couple months that it's good for nothing and is being used mainly to scam people via "ICO's". I am "holding like a hypocrite" 10BTC purchased around $3k but I've been thinking about selling those off. According to some forum members BTC was supposed to have passed $50k by now.

No hard feelings. Just spicing up the thread lol.

Re: Scared about Bitcoin crashing? See this...
 

No matter what way the BTC price goes there are numerous folk on here that always seem to know that it was going to happen. :rolleyes:

I worked in the financial services industry many years ago and a term that was banded about then would seem relevant here:-

"Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up".

Re: Scared about Bitcoin crashing? See this...
 

In other words, Speculation... You make it more harder than it is...
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Re: Scared about Bitcoin crashing? See this...
 

1. I've always steered clear of ICOs, their too scam orientated. Most media reports bashing Bitcoin subtly refer to ICOs. But the average person doesn't know the difference between BTC and an ICO. So I'd advise anyone to stay away from them.

2. Don't listen to anyone who gives you a price prediction. I've predicted prices before, some were correct, some weren't, in the end I realised nobody actually knows the price for certain - only time tells.

Re: Scared about Bitcoin crashing? See this...
 

The correction/crash was a self fulfilled prophecy...

Problems I could surmise:

1. FUD
2. Exchanges not adding new meat (long waits)
3. Insider trading
4. ASIA banning currency (At least threat of it)
5. Alt-coins - Paradox of Choice
6. Bitconncet
7. Hacking, theft
8. New US regulations for taxation

Re: Scared about Bitcoin crashing? See this...
 

100% on the money! :faint:

I should also add...

9. Biased media coverage.

I think when the aforementioned points are rectified, it will push prices up again. If that is the case, then this dip would be the time to buy in.

Re: Scared about Bitcoin crashing? See this...
 

I have a whole other theory about media... Its more conspiracy theory...

I believe BIG BIG whales control most media and play us for BIG BIG money....
They buy in.... Spread all this news about people getting rich on bitcoin. Small fish buy in.... Then media whales send out news about bubble and crash after they cash out.

Rinse and repeat... We are in process of going low again so BIG whales can buy in again lows....

Re: Scared about Bitcoin crashing? See this...
 

It's called DUMB money...
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Re: Scared about Bitcoin crashing? See this...
 

good time to buy guys! :D

https://s14.postimg.org/5lchkxgv5/zbcaf1n1mhd01.jpg

Re: Scared about Bitcoin crashing? See this...
 

I liked how so many media units said that India was banning all types of coins when in reality thing that was said they their treasure guy wanted to regulate all coins in India.
Huge difference between banning and regulating.

Re: Scared about Bitcoin crashing? See this...
 

I have been pretty heavily involved in bitcoin the past year,

Honestly, the only way I can see cryptocurrency ever going to 5 trillion in market cap, is if it is widely adopted throughout every single country and that every single store and business accepts it in their daily activities.

In the future, is that possible? maybe......this is like the beginning of internet.....we are at dialup speeds with bitcoin.....their are a lot of problems and shortcomings that need to be ironed out.

Will bitcoin and cryptocurrency be around for another 5-10 years......of course......the price though i cannot speak for.....

I wouldn't be spending too much time looking at the PRICE, you have to look to the future....3, 5, 10, 20 years from now where will cryptocurrencies be and if its realistic......

I can probably detail about 100s of problems that I have against cryptocurrencies thats why I have a hard time being a believer of it in the super long term.....

Re: Scared about Bitcoin crashing? See this...
 

Apple - Market Cap - 824B
Amazon - Market Cap - 707B
Google - Market Cap - 773B
Gold - Market Cap - 7.8 Trillion

The common characteristics between these brands/commodities is that,

1. Every country accepts them and is considered 100% legal.
2. No country outright banned them
3. They continue to thrive in the world expanding to different sectors


Bitcoin and cryptocurrency as you can tell.........is the opposite of the three things I just described. That is why Bitcoin and cryptocurrency market cap is in free fall right now......

Re: Scared about Bitcoin crashing? See this...
 

you're right. how do i pay someone in apple, amazon and google

Re: Scared about Bitcoin crashing? See this...
 

I suspect its more to do with certain traders holding huge amounts of the coin and everything being linked. They have been walking it up and down constantly and will continue to do so. Governments will want control over it though as it will become too valuable to ban.

Re: Scared about Bitcoin crashing? See this...
 

Apple pay, Amazon checkout, Google Wallet

:noidea:

Re: Scared about Bitcoin crashing? See this...
 

Completely baffled. :help:

Those are payment services.

The initial post was referring to purchasing stocks/shares in the company. You cannot pay someone in stocks, as most people would not be willing to accept it.

Bitcoin and Gold on the other hand are more liquid, so can be treated as moving money.

Re: Scared about Bitcoin crashing? See this...
 

I was just answering unkowns question, but I don't see how you can say jarsky's original post was about stocks. It was a comparison of traditional billion dollar companies to crypto.

On a broader note though those 3 companies all offer products and services our society considers vital, which ensures their continued success. Crypto doesn't offer anything.

I don't see BTC being very "liquid" in the next ten years.

Re: Scared about Bitcoin crashing? See this...
 

That is where I disagree.

A decentralised financial system is invaluable. Either you get it, or you don't.

Re: Scared about Bitcoin crashing? See this...
 

the problem with bitcoin is that it does not really completely replace gold.

winklevoss claims that bitcoin is deflationary because only 21 million will ever exist.

Charlie Munger said it right when they said they cannot create more bitcoin don't believe them. They can make more.

They have made more...look at all the altcoins......

its not nearly as valuable as Gold where you have to physically go into mines and dig it out.....

Re: Scared about Bitcoin crashing? See this...
 

What I do like about bitcoin is the laundering aspect of it.

Government can't really stop bitcoin p2p movement. Hell they can't even stop piracy........piratebay is still up.....

Instead of trying to figure out how to move millions in physical paper money....you can just move it through a simple email address stored with private keys to your millions sitting in cryptocurrencies...

not gold 2.0.....money laundering 2.0..... ;)

cryptocurrencies will definitely be around for atleast another decade........everybody needs a place to move their dirty money especially since US feds are cracking down on people hiding their assets in swiss banks now.

Re: Scared about Bitcoin crashing? See this...
 

Gold value based on demand in many different markets.. fashion, technology, medicine.. etc. Value based on real usage, not expectations. Stable supply and stable demand.

Comparing it to BTC is dumb thing.. but, in fact, most of people are dumb enough to believe it.

And when you add few words about blockchain technology, this mind-**** works even better.. most on those idiots believe that BTC = blockchain and its a future.. but real fact is that BTC is just dumb program running on perspective "OS".

Re: Scared about Bitcoin crashing? See this...
 

Thank you for more of your nonsense.
You obviously know NOTHING about the topic so why dont you just stop posting on here friend? Youre just proving how ignorant you are of the whole topic.

Re: Scared about Bitcoin crashing? See this...
 

I think the winklevoss twins and tim draper is somewhat full of BS. They go out into the media and say they didn't sell a single bitcoin yet and how they dont plan on selling it because they believe its still 20 times undervalued.......

I bet they have been cashing out quite a bit they just wont tell anybody the entire truth they dont want word to spread for the other 99% of people to start cashing out right away....

They probably pay people to go on reddit and various forums to spread for everyone to "HODL" while they cash out while the price is still red hot.......leaving the little guys with the bag.

The beauty of this entire game, NO SEC OR REAL FEDERAL REGULATION on cryptocurrencies.......all perfectly legal........straight up pump and dump scams, price manipulation and insider trading........

If you were to do this type of stuff on the stock market you would go straight to jail in a heartbeat.

Re: Scared about Bitcoin crashing? See this...
 

I guess you never worked on wall street have you. I worked there for 3 years total, bad timing, insider trading is much more common that anyone figures.