I told you so - many times in here. It was a bubble, and you should get the hell out of BTC.
The responses in here were mainly hysteric screaming of "FUD".
It is now clear from more and more posts in here that people who came late to the bubble-party are in losses on their Bitcoins. Well, told you so.
This is not the time to HODL. The party is over. Your choice is whether to sell now and take a loss, or wait until you have lost everything.
How are you so confident that bitcoin is going to crash? I don't think there is any need for you to make such bold statements,bitcoin always has its up and down and I guess newcomers are not late to the party there is always some room left to make money from btc.I would advice all my crypto lover friends not to panic and don't sell your bitcoin. Then I will sincerely hope that your friends realize that you give them bad advice and do not listen to you |
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Was very busy with my work today, then suddenly i decided to check the price of btc if its starting to rise again. But then, i was shocked when i saw its price which is almost 16,000 usd. What will happen to bitcoin's price tomorrow or the next weeks to come? Will it continue to drop or will increase a little?
Continue to drop. The get-rich-quick dream people have of Bitcoin is over |
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Yes, this is a complete collapse. Even the US stocks are falling. Many people wonder if the financial crisis is coming. But I think this is ridiculous. We need to be calm. If the stock market collapses, it is very normal.
Bitcoin is down 40% in a week - the stock market is down 5%. Do you understand the difference? |
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As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.
"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.
Bitcoin will never be lose. Dropping of price only happens in a month and it will also happen in a month for the price to rise up again. Let's just hope and be patient to wait for the price to rise up again. Bitcoin is too big too lose so don't be discourage if the price is decreasing but instead take this as opportunity to buy additional investments and then hold. Many people have speculated that Bitcoin will rise up too soon and will double the highest price as compared from last year so let's just believe on that and keep calm and don't panic. "Too big to lose" does not exist. And look at reality - Bitcoin is not big. In the global financial world Bitcoin is very small, and nobody would really care whether it lives or dies. The only ones who now care are the small "investors" who were gullible enough to believe to "Bitcoin to the moon" and "HODL" slogans. Some will continue to own and buy/sell Bitcoin, but that is just the same as some people who like to buy and sell old Pokemon cards - there is not much value there really. |
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As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.
"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.
I’m not sure what you’re getting at? This isn’t new info. The greatest minds in finance (I mean people in the real world, not bitcoinland) have been saying for a month that bitcoin is in a huge bubble that is going to pop. These are people with advanced degrees in economics, business administration and finance being published by ages old respected economic reporting agencies. Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review have ALL published articles telling about the impending disaster that’s about to happen when the bubble pops. Everyone has been informed so no one should be surprised unless they live in a total vacuum somewhere above the fucking Arctic circle in an igloo. If the people on this forum want to ignore all of the worldwide brainpower saying the exact same thing, let them. The religious cult - which the Bitcoin followers in here largely are - appear to still be in denial about reality though. |
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Wrong. Now is the time to either hodl or buy more. Why would you sell at a low? We will be green again soon. Blockchain technology can't be "uninvented".
"Buy when there's blood in the streets, even if the blood is your own."
That is what people said when it dropped to 15000. Then they saw the dip to 12000 as a good buying opportunity as there was blood in the streets. Then people like you said to buy at 10000 because that was cheap. Then people like you in here said to buy at 8000 to be prepared for the upturn. Now you say the same at 6000..... Go ahead - pursue your dream of the get-rich-quick scheme, what could possibly go wrong....... |
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I see many buyers will come into action if it drops more today and tomorrow. It's all volume based and supply and demand theory. I will wait and see for more how much percent its going to drop today and tomorrow and then I will lock the buy positions based on the observations. I m waiting eagerly to get into some nice position to repair profits in the long run and I m not in hurry.
That is what people said when it dropped to 15000. Then they saw the dip to 12000 as a good buying opportunity. Then people like you said to buy at 10000 because that was cheap. Then people like you in here said to buy at 8000 to be prepared for the upturn. Now you say the same at 6000..... Go ahead, throw you money away chasing a dream to get-rich-quick. Reality is that the party is over. |
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As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.
"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.
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I told you so - many times in here. It was a bubble, and you should get the hell out of BTC.
The responses in here were mainly hysteric screaming of "FUD".
It is now clear from more and more posts in here that people who came late to the bubble-party are in losses on their Bitcoins. Well, told you so.
This is not the time to HODL. The party is over. Your choice is whether to sell now and take a loss, or wait until you have lost everything.
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Told you so long ago to get the hell out.
People with financial sense have sold long ago - the price is now constantly going ever lower with only the "HODL'ers" being dumb enough to "buy the dip" - but the dips will just continue to get deeper and deeper.
And, yes, in here people are desperately screaming "FUD" at anyone who are not 100% believers in their fantasy crypto money - but at the end of the day, it is only these dreamers who will be owning the fantasy money, and like old pokemon-cards only other collectors might want to buy a few of them at pennies on the dollar.
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Recently, KFC Canada has accepted Bitcoin payments for a short period of time. However, Bitcoin can only be used to place orders online, and only to purchase a new item called "Bitcoin Bucket". And all this special deal will be handled by Bitpay, a fairly common Bitcoin trading tool. Its really interesting news, I wish that I can also buy chicken with Bitcoin in my coutry.  Major (9 Billion USD) payment provider Stripe has just announced today they stop supporting Bitcoin payments - they conclude it because fewer and fewer are using it, and at the same time fees and transaction times makes it useless as a means of payment. You can see the details on their own website: https://stripe.com/blog/ending-bitcoin-support |
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9 Billion USD payment company Stripe which has until now has been a major payment services provider who supported payment with Bitcoin has now firmly dumped Bitcoin. Basically they conclude that fewer and fewer are using it, and as a means of payment it is useless. Citing a decrease in use by both retailers and customers, Stripe said will wind down support for its bitcoin payment application and stop processing bitcoin payments entirely. Read it on their own page under the title "Ending Bitcoin Support" https://stripe.com/blog/ending-bitcoin-support |
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You do have a point because most of these newbies and hodlers are all waiting for the “dip” so they could hoard a couple of bitcoins because of being hopeful that someday or maybe within this year bitcoin would skyrocketing again just like what happened around November and December last year. But I do hope the game isn’t over yet though, a lot could loose their money over this dipping.
Unfortunately a lot will indeed lose their money over this. They were warned multiple times in recent months - but, hey, what can you do when people commit themselves to a cult and leave all sanity at he doorstep in the hope of getting rich quick with no work to put in. Ain't no such thing as a free lunch. |
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The development since late December shows very clearly what is happening.
The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.
It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.
Except on every round the dip gets deeper and deeper.
The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.
Face up to reality, the party is over.
You realize only time whales win is people selling to them. If Hodlers start to outnumber the whales its going to hurt the whales. Everytime the dip happens the hodlers control increase. That literally makes no sense at all |
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The development since late December shows very clearly what is happening.
The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.
It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.
Except on every round the dip gets deeper and deeper.
The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.
Face up to reality, the party is over.
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A very good outline from Kaspersky on the 6 challenges of blockchain and bitcoin. Full link is below, but for the Bitcoiners in this forum have you considered the following: Blockchain is open, and everyone sees everything. Thus, blockchain has no real anonymity. It offers pseudonymity instead. Putting aside the significant issues that crooked users have with that, here’s why pseudonymity is bad for honest users. A simple example: I am transferring a few bitcoins to my mother. Here’s what she can learn:
How much money I have at any given time.
How much I spent and, more important, what I spent it on. She could also find out what I bought, what I gambled on, and what politician I supported “anonymously.”
Alternatively, if I paid back my friend for some lemonade, I would thus let him know everything about my finances. That’s hardly a trifling matter: Would you reveal the financial history of your credit card to everyone you knew? Keep in mind that this would include not only past but also future transactions.read for yourself: https://www.kaspersky.com/blog/bitcoin-blockchain-issues/18019/ |
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you can only prove it IS a bubble, not the other way. until it is so widely adopted - like credit cards
Plain wrong - so far no-one has put forth any solid analysis showing the value should be any different from close to zero |
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Bitcoin is scam, Blockchain.info wallet are rippers and scammers.
I've been using bitcoin since 2011.
2 weeks ago i send 400$, pay normal fee which blockchain ask for, said 1hr confirmation time. It is now 2 weeks later, bitcoin only worth 260$ out of 400 sent, 0 confirmations. Christmas already pass, all my plans ruined.
180000k unconf since 2 weeks, never looking to improve. All the people who paid below 110sat/byte getting ripped off and without any access to their money for months.
Blockchain.info won't acknowledge problem, when it is their wallet that ask for that stupid fee and claim to get confirmed in 1hour, 1 hour is not 2 week co*k suc kers!!!!!!!!!! Blockchain.info won't refund my money, won't cancel the transaction or make it expire so I can send with a higher fee.
All i can do is watch money trapped while bitcoin price going to shit each day, if i had send a big ammount like 20k, i would've lost 10000 USD over these last 2 weeks. Sent at 18700, no conf till 14.2.
So for a meager 0.019 garbage i lose more then one hundred dollars, LMFAO.
bitcoin is a scam network and blockchain.info are rippers, scammers and thiefs who have no fcking clue on how to operate a wallet containing other people's money.
And I expect this thread to be deleted since all of ya are in cahoots praising this piece of shit of a currency and getting others to invest in your POS so that you can get out on a massive profit.
Bitcoin scam, bitcoin ripoff, bitcoin rippers, blockchain scammers, blockchain thiefs, blockchain ripper POS.
Not really surprising. I have been saying this for many months - any smaller investors will find that when the shit hits the fan they will in practice be unable to cash out in time.... |
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Very funny question. You think BTC is a bubble? Market Cap of BTC is $253,408,802,317 ....still you think its bubble? who will invest is bubble such huge amount of money? Today crypto currencies market cap is Market Cap: $573,726,741,543 - 44.2% is BTC dominance. This fact is enough to understand it's not a bubble.
Another post from a standard Bitcoin fan clearly demonstrating an utter lack of any economic understanding. The size of market cap means nothing. What do you think the market cap was of the all the credit given by the banks before the financial crisis? Despite it huge size it was still a bubble. Same with the market cap of the internet companies in the late 1990s. Same with the Dutch tulips. The complete lack of understanding of fundamentals in this forum is astounding - and constantly serves to prove exactly why it is a bubble with price purely driven by the greed of ignorant "investors" |
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Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.
The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.
A bubble is when the price of something is far higher than the fundamental value.
Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights
Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble
I would suggest you read a couple of books about marketing and specifically about branding. Knowing how much a strong brand can cost and what its market value depends on, you will be convinced that the fundamental price of bitcoin is different from zero. Its just for your own personal development. Even the most powerful of brands deliver something of value - presently Bitcoin only delivers hype and talk |
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