Bitcoin Forum

Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) when the bubble bursts:

- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.

your first step is to prove bitcoin is in a bubble then continue on with your other bullshit to reach game over.

besides I don't get why you are even here, on a bitcoin forum, if you think bitcoin is shit! honestly your post history is filled with crap about bitcoin, how bad it is, how miners are "slavemasters", how everything is going to end, and how bitcoin is going to die, .... and all kinds of crap like that against bitcoin.

why would someone who thinks like this about bitcoin even wastes his time talking about it this much? ;)

Because I have the hope that it will cause at least a few people who cannot afford to lose their savings to pull out before it is too late

aww, you have a good heart. God bless you for worrying about us and our moneyz

Mock all you want - reality is that there are many very naive people in here who really have no clue about the risks and what is about to hit them

How much are you being compensated for your BTC thread assault? As far as I see, you're only spamming Bitcoin forum with your opinion. You keep saying you feel the same about any crypto, but you're posting in the Bitcoin discussion ONLY.
If you were sooooo concerned about the risks of crypto, which you claim to be, why aren't you posting in the altcoins discussion board and saving everyone there from the evils of crypto?

There is a limit as to how much time I have - and with BTC having the largest following (and many who are in altcoins are also in Bitcoin) then this is where I get most efficient reach in relation to time spent.

As I have pointed out earlier, rational logical thought on basic economic matters, including efficient usage of scarce resources, is not a hallmark of the Bitcoin community in here. However, emotional outbursts are common as people's egos apparantely are too frail to grasp the enormity of the risks they are taking upon themselves

You sure seem to have a lot of time. You usually post relatively quickly after I ask you a question... LMAO! Who are you fooling? Certainly not many! Keep it up, though and keep on spamming. I hope it is worth your while!
Surely in the time it takes you to yap at me, you could be saving a few lonely altcoiners instead??!!?? No?
It takes only a couple of minutes. Surely you have that much time to spare.

Who exactly should I be fooling? The only fools are the ones who will lose their savings

there is a lot of risk, this is true.
And i understand that is important to make anyone aware of it...but say that btc is going to die is different.

And you've stated that enough times to have made your point. We get it. You win. You have saved us all. Thanks!

Every investment comes with risks. Agreed?

Put your money where your yapper is and recommend some alternative investment ideas since you're so knowledgeable in the art of investment.
I'll wait.

You clearly do not get it. Most people in here have no idea what investments are - which means in reality they are gambling. If you are not a professional investor - not self-taught from the internet - stay out. Your very question here shows just how deeply amateurish you are

I do get it. You do not. These people are aware of the risks. They can read. They can judge for themselves. Your pontificating doesn't make a single difference in the lives of anyone on this board as far as their tolerance for risk and loss. Everyone has to do their due diligence and that comes down to one's definition of due diligence.

Some of these people don't need a lot of gain to cash out and be happy. Some of them are desperate and hoping for an opportunity that wouldn't be afforded to them in any other way. This gives them some hope. Could it backfire? Potentially. Could they realize their dream? Possibly.

You're making it way too black and white. You're also questioning everyone's intelligence. That's a great way to influence people!!!

As stated, if you really GAF about people on here, offer some suggestions that might actually help people understand instead of brow beating and talking down to people.

People here aren't out day trading. You don't have to be a professional investor to simply hold.

When people were freaking out last week, where were you?  Were you helping out like the other people and telling them to hold? If you weren't, that's way more of a disservice than any help you are now trying to give with your negative, stale, multiple thread doses of "help."

Reading in here very clearly shows this is not the case

In these kinds of get-rich-schemes the middle-class always survives, as they can bear the loss.

The true losers are the poor who really cannot afford it and have been hoping that this would take them out of poverty, instead it will do the exact opposite. And once these people have lost whatever little they had to start with, they will - once again - feel cheated by what they see as the rich people. And we will once again have fueled the fire of more unrest in the world.

For right or wrong, you are literally pissing in the wind on this forum. I may be missing where you've answered my questions and haven't simply restated your original stance and reasoning. Hit the altcoin thread and hammer home your point there as well. ICO speculation, speculation about shitcoins and the hundreds of startups seems to me to be a great opportunity to help. No?

In the time it has taken you to respond to me, don't tell me you couldn't have posted one of your diatribe threads in there. C'mon man.

I don't think so. Some - but clearly not all - will start to doubt the wisdom of their actions and retract. They will never write about it in here, becasue that will mean to lose face in front of this forum. Instead they will quietly slip away with their current profits intact.
 

That's a really good story you have put forward while caring for the small investors. Bitcoin wont go down so soon buddy as it has many more achievements to be accomplished. The price has just hit $8000 while Bitcoin has the potential to be at $100k . There is a lot of time now for you to make such a theory. "IF" Bitcoin is accepted as a payment in the leading industry then the time for the bubble to pop would be delayed more and might not pop at all.
P.S: Your title says "guide to know when to invest" while you are revealing how the bubble will be popped. Not appreciated buddy. Atleast put the correct title on.

Right, current profits intact. Profits they wouldn't have realized without Bitcoin. Simple as that. Their risk paid off. If they had listened to you, they'd have none.

When to invest is hard to predict because of how the market is flowing,
I would say the best time to invest is when the coin/token price falls down,
you can earn allot with it goes back up.

Spoken like a lucky man leaving the casino having won at the roulette. That does not make gambling in the casino into an activity that can be recommended for profits.

Apart from a mass-psychosis where everyone is over-bidding each other on the suggested valuation, nothing real has actually been accomplished.

Lose a saving? you are just spouting nonsense about bitcoin and how to invest in it, yes many investors and even the promoters would sure say to you to get on with buying if the price goes down because many is seeing it as an opportunity to get even more profit, I really think you don't get enough yourself or in my opinion you are just saying things that will let the price go down because you yourself can not afford to invest in it because of the price of bitcoin right now.

Well, lets face it. There is a risk involving bitcoin investment and I wont argue with that, but I don't that bitcoin is a bubble, nor that it will burst. Bitcoin offers a real alternative to banks, and that suits rich people, because they are now in control of their money, and can get richer by not paying fees, or facing the risk to see their assets confiscated in a blink. It also suits poor people that don't have access to banks in the first place.
It also suits merchants, because it offers them a way to operate with less fees, than what is offered by PayPal of Visa (assuming the network is fine, and the scalability problem is solved). Finally it's a more convenient way for everyone when it comes to send money to another person, because it's safe, and it does not require the interference of a middle man (banks).
I wont even talk about decentralization here, and how your money is safe from governments failure (see Venezuela, Zimbabwe, etc).

So since bitcoin is not a bubble, and assuming that people will realize it's benefits, then I don't see how it will burst (like everyone starts selling to get their profits). Specially if merchants start accepting it.

As for miners, even if they start leaving, don't forget that the difficulty adjusts to the available hash power, so, it would take a while, but even with less miners, the fees would stabilize eventually for those that stayed.

Bitcoin can fail, but not because it's bad or useless. Bitcoin can fail because people are greedy. I think you would be much more helpful to everyone, if instead of warning people on how bitcoin will fail, you should try to explain them why it is so important for everyone, that we don't cause bitcoin to fail.

Dollar cost averaging is always the safest and least stressful way to go. Ride the highs and lows, with advantages to both. Long term accumulation is your friend.

This is not a problem for rich people. Due to their size they get good deals with the banks on fees. Rich people have good lawyers and place their money in locations where they are not confiscated.


But the problem is still not solved, and therefore it does not suit merchants



The new middle man is the miner. You will be forced to accept their high fees like we saw recently, or your transaction will take days or not go through at all



Well, if there is one thing we know for sure in 1000 years of human history it is one thing: People are greedy.

Therefore by your own argument, Bitcoin will fail

I agree with you, but there are possible solutions that will be implemented in the future. The lightning network is not just in paper, it's already being tested both in BTC and LTC, on a testnet. We already saw an atomic swap with the LN between LTC and BTC. Also don't forget that segwit, although it's already implemented, it's still not being used by all wallets and exchanges. This will help with fees, so I guess that if people are not using it right now, is because they are not that worried with the actual fees.


Again people are not really worried about this apparently, because most of them are not already using segwit, and they could. The LN will again solve this, and is already being tested. Finally if you compare the fees to what you get for international transfers, or even using third party services like Neteller or PayPal or even Visa, you will see that they are not that high (depending on how fast you want your money through). There is a reason why you see some schools and universities already accepting BTC as a payment, and declining Visa.



Yes you are correct about this, but this is not a BTC problem, and everything else is affected by this as well. That's one of the reasons we keep having economic crashes. The thing is, there is not much we can do about that, because we depend on services that are offered by greedy people, even if we are not greedy ourselves. This is actually one of the reasons BTC was created in the first place, so that we have a chance to try to depend on our own choices.