I share your sentiment on this but if bitcoin goes back to $1000 then people will just lose interest and go all the way down to zero or many will buy into it and will raise the price again. It is almost impossible to stabilize it at $1000 or even at that range anymore.
$1000 will be the right price at the end of 2018. |
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Bitcoin $9950 now.  Looks like Game Over |
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The only unusual thing about this is the debit card part of it, many banks are banning transactions on credit cards as they fear that users will not be able to pay off their debts if cryptocurrencies go bust and also that cryptocurrencies can be easily used for fraudulent activities.
That is taking loans to buy/gamble Bitcoins which went up from $1 to $1000 in 8 years. |
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Why did that man got arrested in USA for selling 10 bitcoins ??
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It's not really greedy people. You need to understand that the price is actually what PEOPLE are willing to buy BTC for.
People buying Bitcoin for $10,000 and thinking of $40,000, what is this ?? Greedy or gambling hub or ponzi scam ?? Last month I got $20 only from online surveys. Worldwide people do $500/month to $1000/month jobs. Working for 8 to 10 hours/day. |
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I share your sentiment on this but if bitcoin goes back to $1000 then people will just lose interest and go all the way down to zero or many will buy into it and will raise the price again. It is almost impossible to stabilize it at $1000 or even at that range anymore.
Bitcoin was $1 in 2009. Greedy People want Bitcoin to reach $100,000 so that they get rich in one year when worldwide people earn $500/month to $2000/month jobs. |
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This is because bitcoin is very volatile and it is normal for crypto traders. sometimes 20% - or + movement per day happens.
11,000 USD is a mojor resistance so we expect a correction from that area on which is happening now. lets all wait again for another bull run
SBI Bank, largest in India has banned use of even debit cards to buy crypto currencies. https://bitcointalk.org/index.php?topic=2955369.0Why Bitcoin is getting banned worldwide. |
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Billionaire and second richest man "Warren Buffet" said "bitcoin will end up badly"
Big names are saying bad things for Bitcoin.
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It wont happen because btc was made to be scarce, everyday we have btcs getting lost, confiscated and wasted, and every day is getting harder to mine them, there's no way for it to return to $1000, for this price it wont be even profitable for miners.
That way, it looks like end of Bitcoin |
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That way, Silver at $17/ounce and found in large quantities in this world should be used to buy or sell goods in normal life such as: coke, KFC, foods etc. a real-life currency.
I say Bitcoin should be $400, if it is not a ponzi scam.
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Such huge sums for trading in the market - it's not very good will affect the Bitcoin.
The trader who bought $400 million Bitcoin this week. $40 million loss  |
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Buying 41000 Bitcoins for 10K and selling them for 12K, that's a huge profit.
41000 x 10000 = $410 million. Buying at $1000 x 55,000 = $55 million. At $10,000, it is sell time for Bitcoin |
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Those 2 people who have 96,000 and 8000 Bitcoins, did they sell them  Bitcoin -10% now at $10,600 |
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Bitcoin -10% now at $10,600
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The answer is No. The FBI testified that the blockchain made it easier for them to track criminals. The darknets are switching to Monero as a result.
But hackers are attracted towards anonymity given by Blockchain. |
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Blockchain isn't helping criminals, it's more of criminals abusing and taking advantage of blockchain's anonymity.
and what about cyber criminal has $800,000,000 Bitcoins ?? |
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When you sell, you get money/cash.  |
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