OP: So when did you sell your BTC? 2k? 3k?
Sounds like someone is salty that the value is now high and rising.
The old adage goes, "a bubble is a bull market you don't have a position in."
The same as we always see in a bubble - those who are in it will stop at nothing to make excuses to delude themselves into why it is not a bubble. |
|
|
|
|
Many say that Bitcoin is the safest way to hold value because Bitcoin cannot be hacked. But for many users that is not true.
It depends on how you look at it. Think about this first:
I sell you a door with a lock that genuinely cannot be opened by a thief. I now say that no-one can rob your house.
Of course it is true that no-one can open your door, but it is not true that the house cannot be robbed. The thief can smash the window, pick your pocket when you are on the street, trick his way into your house and so on and so on.
In Bitcoin many believe that because the Bitcoin ledger itself cannot be hacked, their money is safe. That is why they say Bitcoin cannot be hacked.
But it is actually quite easy to steal people's Bitcoin by hacking their wallets, stealing their passwords, hacking into exchanges and so on and so forth. We see it every day.
When you hear "Bitcoin cannot be hacked", many take this to mean that their Bitcoin cannot be stolen.
They are not technically knowledgeable so when they hear the words "cannot be hacked" they believe it menas their money is safe. For them "Bitcoin" is the whole collection of the ledger, the wallet, the exchange, their own computer
Many have their Bitcoin stolen, and therefore for many people they have to stop believeing that Bitcoin cannot be hacked.
For most non-technically knowledable people, the true phrasing is that Bitcoin can be hacked, and is being hacked on a daily basis.
|
|
|
|
but I sincerely think that it is the safest place for bet and trading that we currently have.
Why do you think that? In the housing bubble, at least there was a lower limit to the drop because there was a physical asset (the house and land) to stop the drop in value In the dotcom bubble, at least there was a lower limit to the drop because there were companies actually providing goods or services to stop the drop in value In the Bitcoin bubble there is ..... nothing...... |
|
|
|
This story has been always posted to create FUD. apparently Bitcoin is always been moving up and down, dipping and pumping, attacked many times and currently dragging down by other forces yet still it is recovering. Bitcoin is a bubble. It is always been a bubble BUT it can recover back to bubble. BURST then RECOVER.
I won't call it as a bubble. Instead it is the dynamics of the bitcoin market which has now become the heaven for the speculators. Because of this fluctuations and the dynamic nature of the bitcoin market, people from around the world is investing heavily in trading. The dynamic nature actually gives more trading opportunity than a stable market. So it is not a bubble, it's just the nature of the market. Also I believe the entire bubble thing is pre-planned attack to bring down the morale of the crypto community and to create FUD. Don't be surprised, if we find out some big bankers names behind this bubble story in future. We just need to start ignoring such news for our own well being. So your basic philosophy it to ignore any information you do not like and call if FUD. Clearly you are an ostrich, burying your head in the sand believing that will make you safe |
|
|
|
|
"It is not a bubble" is what we hear every time from people invested in an asset hoping it will make them rich.
Before the dotcom bubble burst, dotcom shares were not a bubble said the people investing in shares. It can only go up they said. NASDAQ is going to the moon and will reach 100.000. They said. And then they lost.
Before the housing price bubble burst, house prices were not a bubble said people who were borrowing more and more money. It can only go up they said, because there will never be more land. They said. And then they lost.
It is so predictable that it is sad.
|
|
|
|
The number of transactions increased ,the bitcoin price increased as well so it`s normal for the transaction fees to increase.Anyway,this chart doesn`t explain anything.What is this 68 USD cost per transaction? Is this the cost to send 1 bitcoin to some other address for a set amount of confirmation time? If yes,then 70$ is less then one 1% of the bitcoin price,which is quite normal. That is still much more expensive than what I pay at my normal bank now for larger transactions |
|
|
|
Satoshi Nakamoto never really existed. It was a cover name by the Bilderberg Group who wants to install world domination.
The proof is in the fact that Satoshi Nakamoto is an anagram. Actually the letters spell: I Shook Satan Atom. They want to invoke the smallest unit of evil and make it spread. That is the meaning of 1 satoshi. 1 unit.
Hello. Dear user of the forum, I did not understand a single word of all. I would like to ask you to properly state your topic. And I completely agree with "fleex1528". Then you clearly need to educate yourself to the facts - you are being misled |
|
|
|
Satoshi Nakamoto never really existed. It was a cover name by the Bilderberg Group who wants to install world domination.
The proff is in the fact that Satoshi Nakamoto is an anagram. Actually the letters spell: I Shook Satan Atom. The want to invoke the smallest unit of evil and make it spread. That is the meaning of 1 satoshi. 1 unit.
Have you dream about it or you got the information that proves bitcoin is not invented by satoshi nakamoto or it is been copyright owned by any person. Some set of people derives that bitcoin is inventor name as Sa- samsung and Toshi- Toshiba dude. We can separate and think that it is been owned by different set of people but bitcoin is completely found with the effort of Satoshi only. It is already a well established fact that it is controlled by the Bilderberg group |
|
|
|
|
Satoshi Nakamoto never really existed. It was a cover name by the Bilderberg Group who wants to install world domination.
The proof is in the fact that Satoshi Nakamoto is an anagram. Actually the letters spell: I Shook Satan Atom. They want to invoke the smallest unit of evil and make it spread. That is the meaning of 1 satoshi. 1 unit.
|
|
|
|
|
Everyone seems excited that Bitcoin is getting recognized by an established player when the CME (Chicago Mercantile Exchange) launches Bitcoin futures by the end of the year.
By why are you excited?
Have you thought through what this means?
Right now, if you are an actual professional large-scale investor, to be into Bitcoin is to buy or sell it. Realistically you cannot play in the derivatives market. Why not? Because of counter-party risk. As a large investor you do not enter into derivatives with small fly-by-wire outfits. If you successfully take the right derivatives position, there is no trust that the counter-party position is adequately covered.
Therefore there is no derivatives trading of a meaningful size right now.
With Bitcoin futures on CME this will change drastically.
With a professional player suddenly stepping up, it will become meaningful for the major players to suddenly take out massive short positions. A, presto, the crash becomes a reality.
|
|
|
|
They really do control have the say at this point. It could get ugly, but remember, they are invested in the long term health of BTC.
That does not have to be the case. If the miners believe Bitcoin will crash, they will engineer it so that they profit a lot from it at the expense of everyone else. |
|
|
|
Bitcoin offers a real alternative to banks, and that suits rich people, because they are now in control of their money, and can get richer by not paying fees, or facing the risk to see their assets confiscated in a blink.
This is not a problem for rich people. Due to their size they get good deals with the banks on fees. Rich people have good lawyers and place their money in locations where they are not confiscated. It also suits merchants, because it offers them a way to operate with less fees, than what is offered by PayPal of Visa (assuming the network is fine, and the scalability problem is solved).
But the problem is still not solved, and therefore it does not suit merchants it does not require the interference of a middle man (banks).
The new middle man is the miner. You will be forced to accept their high fees like we saw recently, or your transaction will take days or not go through at all Bitcoin can fail, but not because it's bad or useless. Bitcoin can fail because people are greedy.
Well, if there is one thing we know for sure in 1000 years of human history it is one thing: People are greedy. Therefore by your own argument, Bitcoin will fail |
|
|
|
|
Saving Bitcoins for your children would be the same as saving casette-player or walkman for your children....
|
|
|
|
It's really a problem. It seems to me that this situation with the miners is a mistake. Originally bitcoins were mined only by the users themselves. It was a decentralized system. Perhaps this is a topic for thought for the developers. They have become a target for the miners this month. Perhaps they will draw conclusions from this attack.
We have only seen a small sample of the miners' power, this will get worse when people realize that the miners are in a perfect position to do front-running |
|
|
|
NEVER INVEST IN AN OFFER THAT LOOKS ENTICING!.
Exactly - stay away from Bitcoin and all the other altcoins |
|
|
|
Bitcoin wont go down so soon buddy as it has many more achievements to be accomplished.
Apart from a mass-psychosis where everyone is over-bidding each other on the suggested valuation, nothing real has actually been accomplished. |
|
|
|
Right, current profits intact. Profits they wouldn't have realized without Bitcoin. Simple as that. Their risk paid off. If they had listened to you, they'd have none.
Spoken like a lucky man leaving the casino having won at the roulette. That does not make gambling in the casino into an activity that can be recommended for profits. |
|
|
|
These people are aware of the risks.
Reading in here very clearly shows this is not the case In these kinds of get-rich-schemes the middle-class always survives, as they can bear the loss. The true losers are the poor who really cannot afford it and have been hoping that this would take them out of poverty, instead it will do the exact opposite. And once these people have lost whatever little they had to start with, they will - once again - feel cheated by what they see as the rich people. And we will once again have fueled the fire of more unrest in the world. For right or wrong, you are literally pissing in the wind on this forum. I don't think so. Some - but clearly not all - will start to doubt the wisdom of their actions and retract. They will never write about it in here, becasue that will mean to lose face in front of this forum. Instead they will quietly slip away with their current profits intact. |
|
|
|
|
Show Posts
