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 ) |
|
|
|
You can say the same thing about any stock, share, gold, silver, precious metals, gemstones, etc, etc. If someone is buying, someone is selling. Is everything a bubble? Obviously not.
If you for example see shares in a company going up in value when the large investors and owners are selling out to small ignorant new investors, then yes that is a clear sign of a bubble |
|
|
|
Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
First of all, Bitcoin and yahoo are two different things. Yahoo is a social media platforn while Bitcoin is a digital currency. They are just similar for being used online but since Bitcoin is a currency is has a higher tendency to be more used by people so their future could be different. So as long as there are lots of people who are using it, it won't end up like yahoo. You are really misguided. Even today, after Yahoo has dropped so much, they have many many more users than Bitcoin. They have 1 billion monthly active users ( https://expandedramblings.com/index.php/yahoo-statistics/ ) Even after the crash Yahoo is much much more used than Bitcoin - which is exactly the opposite of what you are saying. So by your logic the conclusion must be that Bitcoin could develop even worse than Yahoo |
|
|
|
Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
For me Bitcoin will not ending up like yahoo in the future. I think that will not happened because there are so many people who like bitcoin. Very bad argument. So many people liked Myspace - but they are left quickly when Facebook came. In the online world, including cryptos, the new reality is that a very large amount of people can leave very quickly causing a crash. The crash is so fast that there is no time to get out of the investment because transaction times becomes very long like we saw last week. |
|
|
|
Bitcoin is not a bubble, those centralized banker's have been saying this to avoid people to put their money in Bitcoins, if you're not aware it's crossed the value gold, Nike, it's searched more than how to buy gold. If you're already not in, you should get in now and make sure you benefit before the rally starts again, don't believe for other's see for yourself, get in now.
Wow - you are literally showing exactly why it is a bubble being fueled by extremely naive people So, what is the point of this thread/your agenda? Very simple - if you truly value your hard-earned money (and hence savings) get the hell out while you still can. The only thing driving the price is this religious frenzy that Bitcoin can only go up, and that party will eventually come to an end Annnnd, in what would you suggest people invest? You should not invest in anything in the world of crypto currencies or ICOs. Like Bitcoin Ruthenium? Certainly not that one - and neither any other one. That is another indication that many so-called investors on this forum are desperate ignorants. Many are simply incapable of seeing even obvious spoofs such as Ruthenium and are for sure being ripped off by criminals out there. Most people in this forum would do themselves a great favor by getting out before they lose their shirts. |
|
|
|
Well, the same thing is happening all the time (an equal amount of BTC is being bought as the amount that's sold). It's hardly a relevant observation. All we know is that right now, the market regards 1 BTC to be worth about $7,750. Whether or not you think that's justified is another matter (actually, I agree that it's not justified) but don't just use the existence of supply and demand to try and justify it, because that always applies. Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.
I'm not. Supply and demand is not the relevant question. The relevant part is WHO is buying and selling. And when you see the amateur-investors, which this forum is filled with, taking the buy side in a naive vision that Bitcoin can only go up - and the clever larger investors slowly selling their Bitcoin - you know the party is about to end. |
|
|
|
Topics like this should not be made. Some only panic reading ideas like bitcoin is going down. No need to broadcast it here in the forum.
Also, it may be considered as spam thread.
You know there is a big problem when you want to eliminate critical voices. Clearly the Bitcoin market is now so shaky that you are afraid that a few words alone will destroy your investment. Yet another solid sign that the bubble is nearing its end. |
|
|
|
|
Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
|
|
|
|
Bitcoin is not a bubble, those centralized banker's have been saying this to avoid people to put their money in Bitcoins, if you're not aware it's crossed the value gold, Nike, it's searched more than how to buy gold. If you're already not in, you should get in now and make sure you benefit before the rally starts again, don't believe for other's see for yourself, get in now.
Wow - you are literally showing exactly why it is a bubble being fueled by extremely naive people So, what is the point of this thread/your agenda? Very simple - if you truly value your hard-earned money (and hence savings) get the hell out while you still can. The only thing driving the price is this religious frenzy that Bitcoin can only go up, and that party will eventually come to an end Annnnd, in what would you suggest people invest? You should not invest in anything in the world of crypto currencies or ICOs. |
|
|
|
Bitcoin is not a bubble, those centralized banker's have been saying this to avoid people to put their money in Bitcoins, if you're not aware it's crossed the value gold, Nike, it's searched more than how to buy gold. If you're already not in, you should get in now and make sure you benefit before the rally starts again, don't believe for other's see for yourself, get in now.
Wow - you are literally showing exactly why it is a bubble being fueled by extremely naive people So, what is the point of this thread/your agenda? Very simple - if you truly value your hard-earned money (and hence savings) get the hell out while you still can. The only thing driving the price is this religious frenzy that Bitcoin can only go up, and that party will eventually come to an end |
|
|
|
|
The only ones not investing in Bitcoin are the knowledgeable people.
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
|
|
|
|
Bitcoin is not a bubble, those centralized banker's have been saying this to avoid people to put their money in Bitcoins, if you're not aware it's crossed the value gold, Nike, it's searched more than how to buy gold. If you're already not in, you should get in now and make sure you benefit before the rally starts again, don't believe for other's see for yourself, get in now.
Wow - you are literally showing exactly why it is a bubble being fueled by extremely naive people |
|
|
|
Of course we can compare any cases with current situation at criprocurrency market. However, it seems to me that BTC cap will be increased in several times at least and considering mining costs for 1 BTC (more than 1k $) the BTC price can not be less than 1-1.5 k $
This is precisely where you are wrong. When the price of BTC falls below the cost to mine, miners will simply stop their operations. This means that anyone having Bitcoin will not be able to sell them or do anything with them. This in reality will mean their value becomes zero when you are not able to sell or buy at all. |
|
|
|
is there any confirmation of this information or is it some kind of joke
Has been confirmed on slack |
|
|
|
Well, this is a FUD post if I ever saw one! This isn't a bunch of small companies going belly up. The strong ones with something established seem to have survived. This is not a market. The altcoins that fail will have people more their money into more solid alts or Bitcoin.
The word "Solid" clearly does not work in the same sentence as "alts" and "Bitcoin" |
|
|
|
The value goes down when people like you panic.
They sell bitcoins when the price is exceptionally very high and then due..to.. Dumping a lots of bitcoins the value of bitcoins goes down..and yes if people follow your senario then its at that time that it can loose its value from 7700 to 770 and the way to confront it is to.. keep holding bitcoins and believe in them.. Don't cash out when you panic..do when you are actually in the need to..
.... and many of the bitcoin owners will need to sell when they have to pay the rent for their housing, food, school tuition and so on, and that will cause the crash to continue and make itself decline even faster |
|
|
|
|
Anyone able to help with promoting this on reddit? can provide up to 100.000 BTR for the help
|
|
|
|
bitcoin price is not determined by big banks and government are not holding large chunk of bitcoin right now so the only dump we can get on market is from some big holders.
exactly, so when bitcoin crashes there will be no one out there to stop the drop and help the people who cannot afford to lose everything |
|
|
|
|
Show Posts
