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. |
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How far do you guys see the price pulling back from 10k?
When you get to the end-game, it will be below 1000 |
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you listed a few very true points (miners fee, tx costs...) but lack of support and reference for many other points (sharp drop - do you know when? Please clarify, game over???).
I'd suggest to do better reviews supported by links and news rather than fire blindly some silly speculative speeches which are senseless.
The drop will come, everyone knows that. Right now market dynamic is purely driven by greed and everyone thinking that they can sell at the top. But that is not possible, because when the turn happens there will not be the transaction capacity to do all those trades - and then, as I have laid out, many will be left with frozen Bitcoin that cannot profitably be converted back into fiat |
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I personally discovered it from my sibling. Then I started studying in here. Sometimes when I just read, I can not comprehend. I personally use Search engines when things like that happen. I believe that it will be easier to know with various resources.
Studying in here, is like one blind mand being happy that another blind mand has offered to help him cross the highway.... |
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Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) :
- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.
and then you woke up wet? I saw this BS posted already in a couple of thread, what's the meaning of this? why are you spreading this crap over and over? Do you really believe in what you wrote? To me you looks like somebody who lost the train and it's trying to convince the community to give up, throw everything away and stop caring about BTC? I think you are in the wrong forum mate and the charts are saying the opposite, just don't listen to this crap guys. You will be one of those crying when you have lost everything, not knowing what hit you. You might be in that category where you are so ignorant of what little you actually know that you genuinely believe you are an expert. |
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Well what in tarnations are you talking about? How dare you, do you even know how good bitcoin is? It has put food on my table many nights. No more waiting for bank transaction delays or waiting to see if my clients checks bounce. Bitcoin's technology is what gives it value.
Well you can also come home lucky from the Casino one evening having won at Roulette and put food on your table. But longer-term you are surely going to lose |
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There`s no proof,just a bunch or posts from newbie users.
Poor people can`t pump the bitcoin price that much.The real forces that pump the bitcoin price are coming from the big whales ,who buy large amounts of btc and also hold large amounts to limit the market supply of btc.The other big force behind nowadays bitcoin price is the massive cryptocurrency/bitcoin gambling industry.There are lot`s of newbies mwho believe that bitcoin is a goldmine for "easy money",but that doesn`t mean that btc is get rich quick scheme.
I think this is the best information what I got here... Thank you So you mean the "best information" = "fake information" ? OK. |
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There`s no proof,just a bunch or posts from newbie users.
Poor people can`t pump the bitcoin price that much.The real forces that pump the bitcoin price are coming from the big whales ,who buy large amounts of btc and also hold large amounts to limit the market supply of btc.The other big force behind nowadays bitcoin price is the massive cryptocurrency/bitcoin gambling industry.There are lot`s of newbies mwho believe that bitcoin is a goldmine for "easy money",but that doesn`t mean that btc is get rich quick scheme.
Not true. One of the ones quoted here is a "Hero Member" the other a "Full Member". Hence this does not just reflect newbies. Now you also add that gambling is driving it. Wonderful - even more of reason to conclude that this has nothing to do with investment at all, but is purely gambling your savings. |
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Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) :
- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.
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Here is proof of what is really driving Bitcoin valuation. Bits posted on this forum: Bitcoin is the only currency that generates massive money just by holding it.
The biggest advantages of bitcoin was able to give more money or making you money double or triple its price through time passes by.
Bitcoin is indeed really a matter of life for many people. So many people are earning their livelihood through these digital currencies specially bitcoin. Bitcoin is the best method for making money when you are jobless.
In other words, a get-rich-quick scheme paid for by poor people who have no idea what they are doing. |
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That is precisely my point. I create "Bitcoin2" by forking. Then I create "Bitcoin3" and so on and so on. In reality what I am doing is issuing more Bitcoin. That I call it a different name does not change the reality.
BTC is not the same currency as BCH or Bitcoin Gold... they are derived from BTC. BTC has a limit of 21m. BCH and BCG have their own limits Do you understand the nature of fungible assets? BTC and BCH aren't fungible with regard to one another. That's why they have different values. Clearly, there is a steep learning curve in cryptocurrencies. Anyone buying into Bcash based on fundamentals (or because they believe that BTC=BCH) is in for a world of hurt once they realize that the rest of the world isn't buying into Bitmain and Roger Ver's bullshit. Bcash supporters are depending on greater fools right now that are buying into your logic, and maybe that can sustain their pump-and-dump scheme for a while. At some point, even the newbies will start to realize that copying Bitcoin's UTXO set =/= issuing new BTC. Have you noticed how nobody is even using Bcash or Bgold? USD also does not equal Indian Rupees, but they are still fungible. You don't get it. |
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The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies ) Th forking (or absence of it) does not effect Bitcoin's supply. At best, you can consider it as a "gift" to all bitcoin holders, which will increase the overall worth. It in no way impacts the overall supply of 21 Mn, which is set in stone. That is precisely my point. I create "Bitcoin2" by forking. Then I create "Bitcoin3" and so on and so on. In reality what I am doing is issuing more Bitcoin. That I call it a different name does not change the reality. BTC is not the same currency as BCH or Bitcoin Gold... they are derived from BTC. BTC has a limit of 21m. BCH and BCG have their own limits Do you understand the nature of fungible assets? |
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How very wrong 1. Autonomy – An individual could literally send and received cryptocurrency free from the independent and private company or government.
You are instead completely dependent on the miners - which means you are not independent of private company, and as the Chinese are controlling many mining farms you are also not independent from government 2. Anonymity – Private information about the sender and the receiver could be hidden thus making it a payment method of those who prefer not to be named like for example in donation and illicit activities.
The only true thing Bitcoin is useful for - illegal activities. Which is also why governments will shut it down eventually. 3. Affordability – Most of the payment processor, wallet and the like have a lower service charge, or some even are free of charge compared to bank and remittance centers.
Look at what happened in the last civil war with Bitcoin Cash - when there is trouble the miners will increse fees astronomically. It will happen more and more and transactions will become very expensive |
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Put your money where your yapper is and recommend some alternative investment ideas since you're so knowledgeable in the art of investment.
I'll wait.
You clearly do not get it. Most people in here have no idea what investments are - which means in reality they are gambling. If you are not a professional investor - not self-taught from the internet - stay out. Your very question here shows just how deeply amateurish you are |
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Kind of stupid speculations without any arguments. You'd better get out right now while you still can!  Seems you are gonna be one of the ones with your savings being lost. Good luck with that. |
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your first step is to prove bitcoin is in a bubble then continue on with your other bullshit to reach game over. besides I don't get why you are even here, on a bitcoin forum, if you think bitcoin is shit! honestly your post history is filled with crap about bitcoin, how bad it is, how miners are "slavemasters", how everything is going to end, and how bitcoin is going to die, .... and all kinds of crap like that against bitcoin. why would someone who thinks like this about bitcoin even wastes his time talking about it this much?  Because I have the hope that it will cause at least a few people who cannot afford to lose their savings to pull out before it is too late aww, you have a good heart. God bless you for worrying about us and our moneyz Mock all you want - reality is that there are many very naive people in here who really have no clue about the risks and what is about to hit them How much are you being compensated for your BTC thread assault? As far as I see, you're only spamming Bitcoin forum with your opinion. You keep saying you feel the same about any crypto, but you're posting in the Bitcoin discussion ONLY. If you were sooooo concerned about the risks of crypto, which you claim to be, why aren't you posting in the altcoins discussion board and saving everyone there from the evils of crypto? There is a limit as to how much time I have - and with BTC having the largest following (and many who are in altcoins are also in Bitcoin) then this is where I get most efficient reach in relation to time spent. As I have pointed out earlier, rational logical thought on basic economic matters, including efficient usage of scarce resources, is not a hallmark of the Bitcoin community in here. However, emotional outbursts are common as people's egos apparantely are too frail to grasp the enormity of the risks they are taking upon themselves You sure seem to have a lot of time. You usually post relatively quickly after I ask you a question... LMAO! Who are you fooling? Certainly not many! Keep it up, though and keep on spamming. I hope it is worth your while! Who exactly should I be fooling? The only fools are the ones who will lose their savings |
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your first step is to prove bitcoin is in a bubble then continue on with your other bullshit to reach game over. besides I don't get why you are even here, on a bitcoin forum, if you think bitcoin is shit! honestly your post history is filled with crap about bitcoin, how bad it is, how miners are "slavemasters", how everything is going to end, and how bitcoin is going to die, .... and all kinds of crap like that against bitcoin. why would someone who thinks like this about bitcoin even wastes his time talking about it this much? Because I have the hope that it will cause at least a few people who cannot afford to lose their savings to pull out before it is too late aww, you have a good heart. God bless you for worrying about us and our moneyz Mock all you want - reality is that there are many very naive people in here who really have no clue about the risks and what is about to hit them How much are you being compensated for your BTC thread assault? As far as I see, you're only spamming Bitcoin forum with your opinion. You keep saying you feel the same about any crypto, but you're posting in the Bitcoin discussion ONLY. If you were sooooo concerned about the risks of crypto, which you claim to be, why aren't you posting in the altcoins discussion board and saving everyone there from the evils of crypto? There is a limit as to how much time I have - and with BTC having the largest following (and many who are in altcoins are also in Bitcoin) then this is where I get most efficient reach in relation to time spent. As I have pointed out earlier, rational logical thought on basic economic matters, including efficient usage of scarce resources, is not a hallmark of the Bitcoin community in here. However, emotional outbursts are common as people's egos apparantely are too frail to grasp the enormity of the risks they are taking upon themselves |
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Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) when the bubble bursts:
- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.
|
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Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) :
- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.
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