Bitcoin @ 7k and dropping bad...

[Auctionking]

Lol ya CNN could tie it to porn stars and Russian in about 5 minutes I'm sure.

[Canadianleaf]

rsot confirmed for russian bot!

[rsot]

Originally Posted by Canadianleaf

rsot confirmed for russian bot!

[GreenBean]

And a thousand hamsters cried.

[rsot]

Originally Posted by GreenBean

And a thousand hamsters cried.

Shhhhh we're filming:



They're already overworked as it is...don't imply the crying necessity

[HurricaneHuntr]

Originally Posted by Auctionking

Ya I rode it up to 3.50 and back down before . Lesson learned. When some one said there in it long term , means the missed the exit point.

Lol, i wish i sold my btc at 20k, i remember looking at it..But, then in hindsight if it went to 50 or 100 k i would be pissed.

[slokor]

Don't say such things to empire. Hes still predicting it going down to $3k and then BUYING BUYING BUYING!!!

[Auctionking]

Litecoin making a run pray it holds

[H4ck]

the problem with believing the 5 trillion market cap........their are 1000s of cryptos.........

they can be created out of thin air.......where as gold is literally labor intensive and precious in nature......

if i dont put my money in bitcoin.....then put my tokens in ripple.....all the same crap at the end of the day in terms of letting it sit in a desktop wallet to spend.......

thats one of my arguments about the 5 trillion market cap being realistic.....

[slokor]

I agree with you that the vast majority of all these crypto coins are junk.
I foresee them all disappearing in the rather short run (relatively speaking) leaving only the established and reputable coins.
And theres nothing wrong with having several dozens cryptocoins in existence (as opposed to thousands of course) - you have several hundred fiat currencies as well.

[vogeltron]

Originally Posted by slokor

I agree with you that the vast majority of all these crypto coins are junk.
I foresee them all disappearing in the rather short run (relatively speaking) leaving only the established and reputable coins.
And theres nothing wrong with having several dozens cryptocoins in existence (as opposed to thousands of course) - you have several hundred fiat currencies as well.

Its hard to kill Cryptos even Bitconnect. Many will survive but the ICO's like 99% are scams right now. Lots of rent will be paid to the HODLers and tokens/teams that actually have competent developers. These ICOs and the most Altcoin pumpers are just mining the market for money.

[slapped]

Originally Posted by vogeltron

Its hard to kill Cryptos even Bitconnect. Many will survive but the ICO's like 99% are scams right now. Lots of rent will be paid to the HODLers and tokens/teams that actually have competent developers. These ICOs and the most Altcoin pumpers are just mining the market for money.

What I suspect will eventually happen is that all of these coins will each have their own specific values based on a variety of common factors like individual market capitalization, acceptance, usage and who knows what else and what will keep them viable will be adherence to a set of parameters that Im certain will be introduced to regulate the exchanges.

Im also sure that some sort of international agency will be created that will be responsible for creating and enforcing the parameters for both Exchanges and Crypto currencies.

I can clearly see such an agency creating a list of Crypto Currencies that MUST be supported by all Exchanges OR possibly naming 1 default Crypto Currency that MUST be accepted by all exchanges to facilitate trading between exchanges.

Such an agency will also probably create some list of criteria that ALL current and future Crypto Currencies MUST adhere to in order to be traded on any exchange.

Something along the lines what I just laid out is coming to the Crypto world I can ASSURE you. Governments and the powers that be will NOT allow Crypto Currencies to go unregulated.

[empirestate]

It can only be regulated on centralized exchanges. Cryptos were designed to be resistant to censorship and centralization. FTW Cryptos!
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[slokor]

Shocked!
An empire post with no price prediction!
Breaking news! Hell has frozen over!

[ebaystealth1974]

Originally Posted by slokor

Shocked!
An empire post with no price prediction!
Breaking news! Hell has frozen over!

He can't read charts, so he doesn't know what the price is.

[rsot]

Originally Posted by ebaystealth1974

He can't read charts, so he doesn't know what the price is.

Referring to this: http://www.aspkin.com/forums/paypal-...tml#post915731

for other ppl who pass by this thread

[H4ck]

trying to get all my money out of my bank and into bitcoin or ripple......hold all of it until end of year for that 25k figure I believe it will happen.

I bet China will eventually come around in the future and reverse ban on cryptos....

I cant really think of anymore bad news to plague cryptos on a possible ban from anywhere........I think the bad news will just go to individual coins or companies......minor effects.....

I think it will go on the up and up at this point 1 trillion market cap.

I am betting my entire savings for 25k at the end of the year.....its inevitable...if not this year next year......

if the 5 trillion market cap is real.......it will be heavily spread out through 100s of coins like how it is now.......

[H4ck]

I also believe a lot of the cons of crypto are being ironed out with new teams and companies finding ways to make spending cryptocurrency become fixed so volatility won't be a problem.

It looks like they solved the speed issue with bitcoin already........transactions are crazy fast now........

So I believe 2022, Cryptocurrency will be advanced technology where people can hold their money without dealing with banks that is fixed so on a day to day basis we don't have to worry about our money losing value.......and spend it at a lot of stores that will eventually adopt a coin that they believe is good for their business.......its only a matter of time.

Big Businesses like amazon, ebay, paypal, walmart, and a lot of others will probably play along also......

And the police, well.....they will have advanced detection with new tools to try to trace funds across the network.......they will get smarter through time as well.....

In the future, the bank can possibly die out.....but that would take something close to 30-50 years...........its hard to convince old people who are set in their ways with banks.......eventually crypto will have just about all the functions of a bank.........but convincing people to change to new tech.....that will easily take decades.......

[slapped]

I agree 100% with everything you said,, except your price prediction timeline. Regulation is the only thing that will make this change happen, and that is way off. Unless Nations can somehow regulate Cryptos they will NOT allow them to replace conventional currency, plain and simple.

Allow me to give you another perspective on this. Take a look at our last Presidential Election, with all the talk of Russian, Meddling, phony news, ads and whatever else. At the CORE of ANY attempt to influence an election whether it be here or anywhere else in the world is MONEY.

It takes Money and lots of it to influence an election. That is the MAIN reason that there is talk right now of imposing financial sanctions on wealthy Russian individuals. It is because these individuals money was linked to political stories of ads running on Facebook, twitter and wherever else.

Can you imagine the potential effect that individuals or Governments themselves could have if they had the ability to funnel essentially untraceable, unlimited funds into the election process of ANY country? That's only 1 example, now think about Terrorism funding, and the effect Crypto currencies can potentially have in all of these dark areas.

If you think that Governments are going to rely on the possibility that law enforcement will someday develop methods to trace these transactions, your crazy.

These are only a couple of reasons why Governments around the world will keep these Crypto currencies in check

[H4ck]

even if cryptocurrency hits a 5 trillion market cap........thats still a very small percentage compared to how much money flows in this world..............


It wont completely replace traditional currency...........99% of the world still trust in it......cryptocurrency really has only convinced 1 percent of the world.........

I am somewhat a believer that bitcoin can hit 250k per bitcoin in 2022,

90% of the people in the world are fairly mentally slow people......its pretty easy to get them to follow the herd for the bull run.

in the grand scheme of things if you were to just think of 1% of the world into cryptocurrency.......bitcoin will hit 25k by the end of the year.......

[H4ck]

the 5 trillion market cap......is only about a 3-6% stake in the entire worlds supply of money that is circulating.....

from my research, their is roughly 60-75 trillion dollars floating in the world......

tim draper believes their is a 100 trillion dollars floating in the world.

If crypto was to hit 5 trillion roughly the other 94% of the money is still sitting in many other types of investments and regular traditional currencies......

so it will still be relatively small in the big global picture.

[hadihasan]

will BTC go down again to like 7k range?