I think maybe. How do we know what is the real price.
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I think Banks are afraid of Bitcoin because it means less profit for them. And less chance of keeping people's money and paying them hardly any interest. So they get rich on their customers money. So if Bitcoin is a scam then they are bigger ones.
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I won't be buying any more Bitcoin till I see what is happening. I haven't got money to lose because I need it to live on. It's a shame if I lose out by doing this but I don't want my money to go down a drain. Why do more people need to buy Bitcoin when lots of people have bought it already and some have already lost money. I don't really get it.
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I don't see how the 21million cap can possibly be kept to. If people want Bitcoin to be the main crypto currency then it would be impossible. There will be a few people controlling the whole global economy. Though maybe there is now. So it will be the same only with different people. I don't think Bitcoin can survive unless it changes drastically. But nobody can say for sure.
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I think it will be up down up down for a while now. If it went down to 5k then it would be good to buy as it would probably go up quite a lot from that. I don't think I will buy at 11k which it is now in case it will go down again from there or not go up very much before it goes down again.
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I don't think I want my investments to be at the mercy of some dictator making laws in Korea. Next week it might be a different story from some other country that decides to ban Bitcoin.
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Maybe because not enough people are buying. People should wait till the price is less before buying. Whales got in for a few cents at the beginning. They should bow out and take their profit and leave others to have a chance of cheap Bitcoin.
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I don't think there's any chance it will be £20k by the end of the month. The most people can hope for is that it doesn't fall much below 8k. If it goes down to 7k that's quite bad. People should be very cautious at times like this. It's not the time to go charging in with your life savings. If you think the price is low then by a smaller amount then if it drops more you won't have lost much. These billionaires whales can afford to lose a lot on a gamble. Ordinary folk can't.
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I think anybody sitting on a profit should get out at least half of it this minute. Because there will be a chance to buy back later if price goes down a more. I
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I think this would be a very bad idea. Because new coins give people a chance to get in at the beginning and make lots of money if they missed out on Bitcoin at the start. And then in gives people more choice of coins.
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I hope you didn't go ahead with the sale of your house to buy bitcoin. And common sense won the day.
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Maybe. But I think a fall is coming in the next few hours. That's my prediction. But who knows.
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It's difficult to say at the moment. But if I had to guess I think the price will dip again till at least the end of January. But it's all guesswork. Nobody knows. I wouldn't buy in now but will wait till it drops.
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I think it looks like there will be a bigger dip in the next few days. So it will be a chance to buy in cheaper. So I'm going to wait for a while and hope to get another chance to get cheaper.
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But if Bitcoin holds steady at the price it is now why would people put money into it. They only put money it because they think they will be able to take out more than they put it. No point in putting in 10k this year to get out 10k in a year's time.
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Bitcoin is not creating money out of thin air. Money in money out. Losers and winners. Not everyone can be a winner. Everyone must be careful and make sure they're not a loser. For every cent lost is somebody else's cent gained. No more can be taken out that is put in.
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I can see why some people think it is a Ponzi scheme. Because it doesn't pay interest like shares. It can only rise if people pay money in. And nobody can take more money out than they put in unless it's other people's money. So everybody's profit in someone else's loss. Or else it wouldn't work. Not everyone can profit. Although some people think everybody can profit. Well they can't.
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It could also lose you money while you sleep. Because one person's gain is somebody else's loss. Not everyone is gaining. It's important not to forget this.
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No I don't think it will rocket. It might reach !3k but no more. That's my opinion. I wouldn't buy now to try and make a quick profit.
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I'd say there will be no meteoric rise. It's these tales of meteoric rises that caused it to go up high and then fall to earth with a bang. What is wrong with holding steady. If Bitcoin is to be trusted then it should hold steady. And not huge rise only to crash.
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