Wall Street veteran Peter Boockvar warns that Bitcoin could loose 90% of its value Wall Street veteran Peter Boockvar predicts an epic crash will hit the cryptocurrency market. He isn't sure if it'll come to a grinding halt or be a slow and steady drop — but he says it's coming. Boockvar, chief investment officer at Bleakley Advisory Group, is certain crypto is in a giant bubble, and the air is already coming out. "When something goes parabolic like this has, it typically ends up to where that parabola began," he said on CNBC's "Futures Now." Boockvar, a CNBC contributor, contends bitcoin is in danger of dropping 90 percent from current levels. He calls it a classic bubble. "I wouldn't be surprised if over the next year it's down to $1,000 to $3,000," he added. Once the cryptocurrency market cracks, he contends, investor attitudes toward risk assets will change. According to Boockvar, the stock market could see collateral damage, but it would all be based on psychology — not on anything that's fundamentally wrong with the economy. https://www.cnbc.com/2018/01/19/bitcoin-could-lose-90-percent-of-its-value-wall-st-veteran-boockvar-warns.htmlCurrently, negative assumptions have 'hit' bitcoin, in various media such as newspapers (both online and offline) to attack bitcoins. Fud has torn the bitcoin with (false) negative predictions as recently done by Tether. But we must be heartened and be patient in facing this problem, we must hold on to our belief that bitcoin will not fall to 90%. |
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Good news. Hopefully this is true, and based on their own conciousness, although the cryptocurrency he integrates, amounts to very little.
With there is this good news, at least it can give spirit and hope to the holder of crypto.
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With the new system of ranking up and another person giving you credit for a quality post, the process of ranking up really became interesting. Just how does this merit system works in actuality? Are these merits transferred?
I don`t know, I've never click sMerit to anyone. Your Merit will not be affected when you transferred smerit to user/s, everyone has spendable smerit (you can see your available smerit to spend once you try to give others). smerit should only be given to quality posts and threads. A new rank system has been implemented, every rank needs a required number of merits to rank up.
I like it this way, let's just say it is an achievement, for one's success in creating quality threads. But suspicions arise, what if someone log in with another account, and did click sMerit, to his other personal account. |
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Will Ripple comes to 2 dollar by end of Feb 2018? Please give us your comments and analysis.
Ripple is a banking community coin, their technology is almost identical to Ethereum. Previously, Ripple ever be in 2nd place after bitcoin, and ethereum at number 3rd. After a negative issue about the Ripple struck, Ripple lost trust and Ripple shifted to its original position, which is 3rd, and ethereum came back in the 2nd. With the existence of such evidence, not difficult for Ripple to overtake ethereum for the 2nd time. That means, the price of Ripple will be above $ 2 by the end of February. |
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Of course.
As i know, after the incident last week in south korea, their government has made a new rule for the local crypto exchange market, to do no crypto transaction except the crypto they support, one of which is NEO, NEO is rumored as Coin Pro Government, so it's very reasonable, if the number of coins they integrate very little.
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What you say is true, according to the facts.
Everything goes back to the government itself, how they handle it.
If the government assumes (many criminals used virtual currency as a tool for money laundering) this charge is a big mistake. In fact, fiat money is the most widely used as a tool for money laundering. With such accusations, we can judge that they are incapable of controlling fiat money.
If they can`t afford control the fiat money, there is no way they can control the crypto.
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Lots of potential in your potfolio, their potential varies 5% to 200% in the 2nd quarter, 300% to 400% in the 4th quarter, and you should hold them at least until the 2nd quarter.
I feel convident that your portfolio will have a good future.
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Which do you think is better and why?
Of course ETH, ETH has proven to be the winner among other altcoin, ETH has been widely adopted for various ICO projects to be their TOKEN, call it ' Lunyr.com'. Lunyr.com is an Ethereum-based decentralized world knowledge base which rewards users with app tokens for peer-reviewing and contributing information. |
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Lunar year is on 16 feb, will the market start rising on this date?
Or do you guys think it will rise earlier or later.
Lunar New Year, Christmas Day, and New Year, 'all the same' as in previous years, always bringing bad effects on bitcoin prices, according to the prediction bitcoin will rise, maybe 1 week or 2 weeks after Lunar New Year. |
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This is true, there has been a decrease although not significant. 2 day ago i sold my bitcoin with a transaction fee of 0.0011 or about $ 12.94, and today i sell my bitcoin with transaction fee of 0.001 or about $ 11.76. |
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Yeah right as you say. I think if both competition. the ripple will win.
Keep ripple winning when compared to neo. One of the reasons for the ripple is supported by bankers that we know more competent in the investment's world.  Thank you, have answered well, i agree with you Ripple will win, i see it from the position of Ripple who continue to survive in the 3rd position, even ever overtaking ethereum. Between XRP and NEO I think NEO will turn out to be more effective in the long run because it is considered as the ETH of China. It will surely rise more in future as the its charts show us that it has gained more over the last few months. It might cross $500 within this year according to my speculation. XRP on the other hand has a good potential to return more profits but is highly controlled by the so called Bankers. It can return more profit since it is only $2 yet.
That's right, i like your answer. And i`m optimistic with the development of NEO, this china coin is very potential and will be perched at the altitude of $ 500 as you mentioned, even though its users were dominated by china residents, but this coin worth considering to be the best investment in 2018. |
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All coins are going down massively past 2 days.
What is going on?
Correct. For me personally, phases like this are commonplace, i think that this is common in the market, this means the market has shown the function, and the actual performance. |
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22 December 2017 was really a bad day for all right?
But seems all was okay for old players with big holdings didn't matter much at all, well I have heard people saying that it didn't effect them much. But what about new players? I was one of the new investor months back and im still recovering lol... well anyone here wanna share your grief? anyone here in big loss?
Your grief, and my grief are very different. You may call it, my sadness is "planned sadness" or "planned folly" it's all up to you. What is clear, even though it is disadvantageous and sad, but ultimately I feel happy because my family's economy to be good. Three days ago, my family's economy was in trouble, I was forced to sell some of my BTC, because it was the only way to earn money, I knew very well what would happen if I sold BTC at that time. That I would experience loss. Apparently true, I suffered losses almost reached 41% - 43%. I think that's my biggest loss.
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Someone I know wants to meet with me to talk about BTC and crypto.
want to get into it.
What would you recommend be the step 1? for them to approach?
It all depends on their interest, from which side they assess bitcoin. Firt, I would tell him that playing with Cryptos is a bit like gambling and that he should be aware of the risks. He should only invest what he can afford to lose. And before spending a dime, he should really investigate which coins are worth to buy. Also, I would mention that hodling is at least as profitable as trading but it is much easier to handle. All you need for hodl is patience.  Also, I think he should become a member of this forum and read as much as possible to become a "feeling" for the cryto sphere. Crypto is nothing like gambling, a crypto is just a tool or medium you can buy or sell, whereas similar to gambling is an investment business, and in its scheme the investment business is very similar to a gambling called a roulette. |
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Make sur you buy Ripple and NEO, they will ply 20x-30x in the coming months, and both are favored by large groups.
For example :
Ripple, Ripple is one altcoin managed by a bank or banker, so inevitably this coin will be a 'Coin King' among the banking community, and worth competing with other altcoin.
NEO, NEO is a coin supported by china government, so in its development this coin dominated by chinese citizen, as we know china is one of the biggest cryptocurrency users current state, even in previous years.
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As of last year, bitcoin price developments has always been surprising with unexpected prices in the final quarter of 2017. And in this quarter, I`m very optimistic with the development of bitcoin prices, 'that he will recover'. But this time the recovery process will run very slowly like a snail given the hard collision that occurred a few days ago by south korea and india.
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should i keep btc and hodl or buy some alt coins?
That's what you have to do, and it's even better if you buy some of the more btc to add to your existing btc. With the current fall of bitcoin and altcoin prices, purchases are the most effective action, and I think if you do, means you are smart people, because you can take advantage of the situation well. |
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What they say is true.
Honestly, I really like the page design like this, smooth, lightweight and easy to understand. If it`s like this, I can`t suggest you anything else because it`s already 'friendly'. But I have a proposal, don`t stop here "let your site work". As long as cryptocurrency is still survive there.
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Every day or every hour, I did an analysis of crypto prices in various marketcaps.
Although this makes me sluggish, we must be optimistic and believe that they will again increase even with the speed of snails. Right now I can only hope patiently, hold the existing assets, and let it be just like a bank savings.
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According to the history of 'What has happened, it will happen again' and so on (over and over again), doesn`t require a prediction.
Better, don`t overly believe in a 'prediction', control what you do, do something to get maximum results or tangible results.
That's sounds really easy to do if you have the money to do that. Most people here can only speculate on what the price will be. I understand what you mean, but until when a prediction will become an accurate reality. In my opinion, it`s just a waste of time. Try to do something, because it`s better than silence and speculate without doing anything. Here, there is no mention of the price. |
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