Latest posts of: pitiflin

Quote from: muenze on September 14, 2017, 06:21:09 PM

it will only go up. She bought at $4200 Sad

How soon can we REALISTICALLY see $4200 again and upwards?

Oh god,why did you buy at such a high price,thats a mistake that a newbie does,if bitcoin's price doesnt go above like 6000$ ,you will get a bad profit ,know this for sure,when you invest in something,you have to look in its history and you invest in it only when price drops,other wise the whole point of you investing will be in vain,and the price of bitcoin should probably recover in a week or two.

Quote from: cryptocoinplay on September 15, 2017, 07:21:40 AM

Since yesterday Lost more than $2000+ and I couldn't carry this any more. I had 1.22 BTC and exchanged to Perfect Money now. The peoples here telling this crush/fall has been happened for Manupulate peoples and will be up Soon, they are false

Listen the truth: Here in this forum 70% of the people will tell you to hold coins while they have already exchanged them. But you guys know that in this forum maximum if you count total people may have 500 bitcoins for example. But, the businesses in china is so big and they closed everything.

Do you remember the days of 1 BTC = $400 ? I hope yes! & Then pumped to $2500 & then $5000 !! Okay!
But, while king left the kingdom nothing can't do soldiers like us.

Bitcoin is now in very high risk, prepare for more big falls in next few days friends, up-trend is not going to happen dude.
This is not price correction or else, this is Fundamental situation for this currency.

Be Safe! See you bitcoin in 1 = 400 Grin

JP Morgan Chase CEO also said bitcoin will blow up,but ill assure you that bitcoin will recover,and all those who say bitcoin will go down or bull shit like that will all go in vain.All you care about is you getting some profit and nothing else.
I do agree that a lot of people have sold their bitcoin and they say other people to hold because they just want to act normal,unfortunately.

Quote from: TexasHuck on August 15, 2017, 03:09:13 AM

Which country would be the first to eliminate fiat and convert to crypto fully? My guess is China...

China may not eliminate fiat but there is a possibility of China legalising bitcoin in the near future or maybe they are just trying to give preference to their own cryptos ,and trying to eliminate the scammers involved in the society as well. I dont see any other country making any move against crypto currency ,so its hard to say which country would even think about eliminating fiat because I dont see a reason why any country would eliminate their own currency.

Quote from: Lmaooo on September 14, 2017, 11:16:58 PM

I don't know why people got panic so easily. People are currently dumping massive coins in the market because of China's action to regulate Bitcoin. What do you think people should do instead of dumping their coins just like that in the market that lead to damage the value of bitcoin?

Most of the people state that they will hold their bitcoin in case a crash occurs, but most of them turn out to be liars and they panic for shit and sell whatever coins they have and they claim that they use the buy and sell theory, agreed that will be profitable but it's not good for bitcoin's market to be honest.

Now that the price has dropped from around 4000$ to some 3100$,you can probably but now or if in case the price goes even down, you can buy at that time but the the price can also recover any time soon, so you never know what is going to happen. But now is the time I would say for you may not get a chance like this once again.

Quote from: hotmetaldobermans on September 15, 2017, 02:00:49 AM

Hey all. New to the game. Just got in. Bought a few hundred worth a couple days ago, to put on the exchanges and dip my toes in the water at $4,300.

With this recent crash, I've been thinking about investing $1,000 or so later tonight. Not only will this lower my loss to the initial purchase, it seems like a good idea.

What should I be eyeing here? Should I put it all into BTC?

Buy a few Ethereum?

Grip some alt-coins like Monero?

A question I can't seem to wrap my head around, is if Ethereum will always be "tied" to Bitcoin's price. Are they tethered so when BTC goes down, so does ETH?
Will it ever separate?

Would love your thoughts.

Not too worried about the $1,000 as if a VERY hard dip comes, I can always buy in more. I'm gonna HODL.

Best,

J

I think XMR's and LTC's price will go up to like 1000$ or even more in the future, but I would bitcoin always because I have always liked bitcoin, if you don't you can buy btc, eth, xmr, ltc in different units. This recent crash is going to give opportunity to a lot of people to invest in crypto currency ,so don't miss it is what my ssuggestion would be.

Quote from: muenze on September 14, 2017, 06:17:22 PM

Is there any positive outlook that its going up again fast to $4500 and more?

There is a positive outlook on the recent crash or whatever people want to call it,all I know ,if you are a trader or a investor you will consider this as an opportunity for you to get profits,you instead of dumping bitcoin will hold and buy more rather which will make the market more stable if the numbers are more,but then people dont act like they say and when something bad happens they forget what they say and dump all their cryptos immediately.

Quote from: very_452001 on September 13, 2017, 08:54:37 AM

Has the china ban been confirmed yet by its government as I can't see anything?

These rumour tweets should be banned by Twitter as they can be false or incorrect.

When will this china ban FUD fade away?

If there really is a china ban then how long does it take for the chinese government to pass and implement this law?

Just to confirm its chinese exchanges only? Mostly all exchanges are online so does that mean chinese exchanges can bypass this ban law by moving their websites out of chinese servers onto western servers where the ban does not apply?

China is not going to ban exchanges or bitcoin, it's just some random people who are trying to get some profit by spreading rumors and another case that has a possible reason for the price of bitcoin going down is that this CEO of JP Morgan Chase, one of the largest banks in US said that bitcoin is a fraud and will blow up and a lot more bull shit for him to add, all this caused panic amongst people and boom the price is going down now.

Quote from: lentzaj on August 29, 2017, 06:37:34 PM

I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?

Governments wont make it illegal because crypto-currencies have a huge market capital ,this wont be good for any economy that has high amount of crypto-currency users like China,US ,UK or just any other country . Central Banks are studying on crypto currency is what I came across,I dont know whether its a rumour or if its for real. But what ever happens countries wont make such a move against cryptos especially bitcoin.

Quote from: erickkyut on October 09, 2016, 09:58:28 AM

Hi guys

May I know what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business?

I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you?

Well, first I save up bitcoin for a few years, and then sell it for a higher price. After I have the necessary capital with me, I'll probably start a business with a good vision of making the world a better place to live in, at least in smaller terms if not big, but something at least, and finally make my family proud.

Quote from: RawDog on September 08, 2017, 03:05:15 PM

Why don't we just ban China?

Because China plays a key role in the world of crypto currencies ,especially China has a large number of miners and investors who put millions of dollars in crypto currencies, so it's one of the main reasons why bitcoin has reached to this place, and China banned ICOs because from a nation's point of view, it's just not good for any economy, the national income gets affected because of this. And China is not banning crypto currency exchanges as of the moment.

Quote from: iamTom123 on August 10, 2017, 05:39:27 PM

Okay, I am just making that headline short and sweet. What I mean is: What is one big dream that you want to realized out of your Bitcoin income? No matter how small or big it is, please share it with us here.

As for me, I have a big dream of having my own 10-hectare farm somewhere here in my locality and I want to stuff that area with all the fruits I can find here and with my main products which are cacao and coffee.

I guess I have this special connection with the soil and the land that is giving us the food and sustenance daily. And who knows maybe years from now I can be able to issue tokens out of that farm...something like AgriTokens or AgriCoins.

Please share your dreams!

My dream is to save bitcoin and get a ton of profit after a few years, use the buy low and sell less theory Till the price equals to that of a fortune or at least near to that ,common that's what most of us want . After I cash out my money, I will probably start my own business and if possible go in the field of crypto currencies but I am still not assure on whether or not I want to go in that field or not, where ever fate takes me, I'll go for all I know.

Quote from: valucash on September 13, 2017, 08:01:28 PM

Bitcoin 'is a fraud' that will 'blow up,' says JPMorgan Chase CEO Jamie Dimon
Is this a fact or he is just creating another FUD?

See the two sides below
"Speaking at a bank investor conference in New York, Dimon said, 'The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.'

"Dimon predicted big losses for bitcoin buyers. 'Don't ask me to short it. It could be at $20,000 before this happens, but it will eventually blow up.' he said. 'Honestly, I am just shocked that anyone can't see it for what it is.'

'Like it or not, people want exposure to bitcoin,' Edward Tilly, chairman and CEO of exchange group CBOE Holdings Inc., said at the same conference.

Any good trade is started with a difference of opinion, Tilly added. 'So Jamie can be on the short side and the issuers and those trading in physical can be on the long side, and it sounds like we have a great trade.'

Bitcoin is decentralized and banks are centralized, with bitcoin's price that has increased from more than it ever has, banks now see it as a threat and JP Morgan being the largest bank in the US ,the CEO is trying to fool people by saying that bitcoin is a fraud . So that people will deposit money in his bank and not in bitcoin or altcoins.

Quote from: Fievel on September 13, 2017, 08:02:11 AM

Hey guys, new member here

I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.

I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.

Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.

Any words of encouragement? Grin

I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?

You have bought bitcoin, but just not at the right moment. Now the question to ask yourself is will that money that you spent on bitcoin ,won't cause you any trouble financially Like for compensating your expenses, if not I would suggest you to keep bitcoin for a few years from now don't worry about it at all. The price will go up and down because of many factors, but at the end of the day you don't have to worry.

Quote from: Naster on August 10, 2017, 02:35:29 PM

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

The thing what brought bitcoin till here,is that bitcoin is the very first crypto currency and people were like yeah we can go for it as the price wasn't much in the beginning, agreed it had some technical issues but that was also solved and the features of bitcoin was quite appealing to people, so they thought even if it's a fail, what loss will we get and they had very less to lose and the more people joined and this forum also contributed a lot for bitcoin's success. And now here we are with bitcoin 's price revolving around 4000$-5000$.

There are a couple of reasons why bitcoin is falling at the moment:-
1. JP Morgan told that some random bull shit like bitcoin is a fraud and will blow up.
2. Media reports that china might ban crypto-currency exchanges,but OKcoin did say that they didnt get any such information from Chinese officials.

Quote from: russelluk on September 09, 2017, 06:35:52 AM

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

China has been playing a major role in crypto currency along with Japan and Korea ,it will drastically affect crypto currency if China makes a major move against crypto currency, and all the prices will start to drop which is not a good sign. China should be there for the present and future just like it has been there in the past for crypto currency, otherwise God knows what will happen.

Quote from: jag1969 on June 12, 2017, 02:25:22 AM

i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?

A lot of people and media have named bitcoin as the new gold and there is a possibility of bitcoin being replaced by any altcoin but it's not likely to happen any sooner. It will take years to do so and bitcoin will remain in power for a few years at least.

Quote from: Beerwizzard on September 08, 2017, 06:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

Not only you, a lot of people get mental barriers which avoids them to do what they want to do which makes them regret later on in their life. Speaking of regret, the thing that comes in my mind is that media also fills people's mind with all possible bull shit available and try to stop people to do things they want to do or misguide them.

Quote from: lordquanta on September 11, 2017, 10:51:21 AM

Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect bitcoin world and bitcoin price in negative way or positive way? Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.

[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11

This is going to be terrible ,if China makes such a move it will affect a big amount of bitcoiners, trading will be traders for Chinese and non Chinese people. A large amount of bitcoiners belong to China and the price of bitcoin and other crypto currency might be affected. Individual miners and miner firms may also be affected by this. God knows what China is up to and what they might end up doing in the future.