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Seriously..Do you actually believe Bitcoin will take over the banks? The only tangible asset is Gold,Silver and things humans need to survive. As one post I have read..All its takes is one verifiable terrorist funded attack through Bitcoin for the feds to squash this in an instant. I hope not but we have to have our thinking caps on as we are dealing with penny stocks now..Not regulated so anything goes..But when the shit hits the fan watch out. |
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Basically there are no one who know about what will happen in the future include the bitcoin's price in the future, we just can make analysis fundamental of the bitcoin, in my personal analysis based on the good news and analysis fundamental of bitcoin from another users, bitcoin's price will be hit around $10.000/ BTC because many bugs fixing on the bitcoin's network, many new digital coins exchangers be built, they will makes transaction of bitcoin more be easy and other great news of the bitcoin. So it is up trend for long. What analysis did you do to come up with that $10,000 figure exactly? Some people are saying it will go above $20,000 so I am curious why you think that the peak will be $10,000 and what calculations you did to reach that conclusion. In my opinion, I think a crash is coming soon anyways because a market can only rise exponentially for so long before it runs out of buying power and ultimately crashes. True.. At this time..What is Bitcoin offering to the investor to be worth 10k? its not a Google or a Youtube at this time. What is it doing except storing funds for a speculative hope? There are 1000 cryptos out there with better fees and technology on the blockchain. What people are buying into now is the "Brand" and the hope of not missing the boat. All bitcoin is now is a store of money speculating to rise up.But what value is it giving to the investor now as to its market usability? Google is a multi billion dollar company employing thousands and making billions..Bitcoin has what 300k transactions per day? And 10 times the value of Google's share price .Investors are gonna be hurt buying in now. It's all an emotional buy now. And like they say, when trading don't use emotions just facts. |
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I've noticed something alarming about this BCH influenced BTC crash/correction
Has anyone noticed that the very rapid drop and resultant rebound didn't get the chance to actually test support at $5k? I can't help but think that this might be a deliberate attempt of Roger Ver and co, to ensure that Bitcoin then carries on up to new all time highs, having not tested support since $1300. They'll back off now, and let the BTC community think that BCH has failed, ensuring that $5k doesn't get properly tested.
This might result in an inevitable retrace/crash back to $1300, which would be when he could pump BCH again to cause a real 'flipenning'.
So basically, PLEASE SELL!!
Cool story bro. But no, there are other forces now involved in Bitcoin that are bigger than Roger Ver and Jihan Wu. I def think those forces are connected to the criminal underground who are falling in love in cryptocurrencies. This is a money laundering playground for them. So there isn't really any other direction for BTC but up. "Spoofy" or "Fontas"? |
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Bitcoin will be shorted down to very little to cause panic and then the buy in will be made buy the futures. All traders I speak to say its a huge bubble. Not sustainable with the current fees and lag time..But when it does sink then the buyers will rush in..Just like in the dot com bubble..Domains fell to next to nothing and then skyrocketed. Ask Frank Shilling.
"You may be right
I may be crazy
But it just may be a lunatic you're looking for
Turn out the light
Don't try to save me
You may be wrong for all I know
But you may be right"
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Pump and dump bro..Nothing has changed
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Nice playground for big blockers. I wonder how many people will be slaughtered.
The crash of 2013 is on again.Saw it coming a mile away. |
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Its funny..Everyone saying how Bitcoin is to replace the current money ruled by the government. But the only reason Bitcoin is traded to gain the money everyone was so against. No offence. Bitcoin is a brand to sell, because there is a bunch of other crypto's that are much better than this coin..Most are glorifying this coin for their own personal gain. I like Bitcoin, but this bubble is absurd. It could hurt many investors. There are approx 1000 wallets that hold the majority of Bitcoin. If the price was reasonable we could see more investors jumping in. Now its starting to look like a scary investment because no commodity jumps up this high so fast without a correction..Especially that this is unregulated and with the money invested in it it should be now..Who wants to invest thousands of $$ in a commodity that has no safe guards to prevent theft.
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Its funny..Everyone saying how Bitcoin is to replace the current money ruled by the government. But the only reason Bitcoin is traded to gain the money everyone was so against. No offence. Bitcoin is a brand to sell, because there is a bunch of other crypto's that are much better than this coin..Most are glorifying this coin for their own personal gain. I like Bitcoin, but this bubble is absurd. It could hurt many investors. There are approx 1000 wallets that hold the majority of Bitcoin. If the price was reasonable we could see more investors jumping in. Now its starting to look like a scary investment because no commodity jumps up this high so fast without a correction..Especially that this is unregulated and with the money invested in it it should be now..Who wants to invest thousands of $$ in a commodity that has no safe guards to prevent theft.
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Who knows what the future holds. Such as Pad or Ipad. Ipad is an internet based technology. But pad is a just what it is just a pad. But "I" meaning "we" use the pad collectively.
So "I" or "we" use Bitcoins collectively
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