It is not the right time to invest on BTC for newbie. Price of BTC is continuously falling. So I think we need to take some times to invest on BTC.
There is blood in the streets. It's the perfect time to buy. |
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Possible?
It's possible 1 BTC could be worth $2,000 by the end of tonight. All things are possible.
The question you should be asking, is how probable is it?
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Wall Street Journal, so take it with a grain of salt. They love blaming the rising dragon for all problems.
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How do you convince mainstream adopters of that when they don't know anything about Satoshi? I don't convince anyone of anything. I don't care what others do with their money, I know everyone will come to Bitcoin in their own time and on their own terms. They have no choice in the matter, it will only be a question of how much wealth they're willing to sacrifice before they ditch their rapidly depreciating fiat. Anyway, how exactly are you defining "mainstream adopter"? Bitcoin will be mainstream when it is mainstream, and it will be marginal until that time. Or were you just using "mainstream" as code for "wealthy white people"?   The US dollar (and all national fiat scrip) is backed by two things: deception and violence. Neither is going to perform as well in the information age as it did in the industrial age, when it was much easier to control the flow of information. Remove the foundation of violence & deception, and what do you think will happen to the currency?  |
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Illuminati, freemason, skull and bones, lizard man, satan worshipper and a baby eater too.
Terrorist. You forgot terrorist. Y'all mean terr'ist DEY TUK ARR JOBS! |
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Bitcoin is the truth, and it is money. That's a very dangerous combination to the establishment, it's far more threatening to the establishment than the internet was. It is therefore only natural that it is being met with much greater resistance than the internet was. Nations states are only just warming up...
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He has over 500 million in BTC. If he was going to sell, why wouldn't he have already started?
I don't think Satoshi will ever trade his BTC for fiat scrip. I think he - like many of us - believes in Bitcoin's power to make a better, more peaceful, more just world.
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Sooner or later, all continuous sellers run out of BTC. Think about the long game here, don't be made a fool of. Whatever artificial downward pressure is being applied here, if any, it will be reabsorbed on the way up when someone runs out. The only way to get Bitcoin to lose value against fiat forever is to move backwards through time. Move forwards through time, it gains forever until the day fiat ceases to exist. This is an immutable, self-evident, mathematical truth. Two technologies fulfilling the same purpose usually do not coexist for very long, in historical terms. The old way dies, naturally, as the new grows to take it's place.  Bitcoin is on the right side of the chart. The surviving side. Fiat money is not. That's the big picture, folks. |
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The way I think about fiat exchange value for Bitcoin, it is essentially the world examining this new entity for the first time, sizing it up, figuring out what it's worth might be to us. That's why it's so volatile. Most people aren't sure. Most people don't know enough about it. In the end, one thing is for sure. I mean honestly, how long do any of you think this shit is sustainable, even without crypto in the picture?  That is a drawing of a plane crashing into a cliff. All your dollar wealth is on that plane. Seriously though, it's mortally wounded. |
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The one saving grace about all things China (for anyone thinking long term, at least): their economy is destined to crash, hard. This is true and a matter of when for every national fiat currency on Earth. No civilization in history has lasted forever. |
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Bitcoin goes up and down. This is nothing new.
+1 Welcome to the club noobcakes. Nut up or shut up. |
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Probably bought another 100 or so coins in the last 12 hours... You are very fortunate to have so much disposable fiat currency wealth. |
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LOL I had never seen that before. Anyway, here's some perspective from a life savings divestor from FIAT:  |
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Does bitcoin needs a savior? No. Bitcoin needs only time, and you need only patience. |
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And, of course, enjoy the ride. Indeed. Back to the good old days!  |
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Anyone can shed any light on why the price is going down? Is it Russians trying to dump?
Who cares? All this downward movement falls perfectly well within normal price action for Bitcoin. 420 is the floor. Patience is rewarded in this game, just relax. |
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No. You don't. Deserve? LOL. What we deserve isn't relevant. This is mathematics playing itself out, child. |
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I boutght at 1050$, is enough drama?
I had a friend buy his first 4 BTC at around the same price. I won't let him sell until 10k now. Bitcoin rewards patience. |
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