Who can really put their faith in the Bitcoins now this is happening. And not a word said about it anywhere. Things will have to change. Unless this is fake information. But no way of telling whether it is or it isn't/
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Everyone jump in like a lot of lemmings over the cliff like last time at 17k. And then wring your hands in a few days time.
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It is good to see somebody sensible after all these posts yelling buy buy buy. Bitcoin is soaring to the moon. It isn't. I think there is every chance of a much bigger slump in the next few hours or days. People want others to buy so the price goes up and then they can not lose so much money themselves.
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Quote Jump in and don't worry.
How easy it is to part folk with their money. It won't be you losing money it will be them. I'd be much worried if I bought Bitcoin now. It could easily slump much further.
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It went up too quickly. And people thought this was great. it has fallen but not as quickly as it rose and of course people are in a panic. But if it can rise from a few cents to 20k then it can fall again. I don't say it will but it could.
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I read earlier that an expert said there would be a few small rallies and then crash crash crash. I think this is most likely. The whales will make the price ralley then draw in the minnows with their savings and then come and swallow them all up. People should be cautious about buying at this moment because the price could go much lower. But people must believe what they want. Everyone can choose to believe or not believe anybody's predictions. And anyone can be wrong or right.
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No I do not think these mad prices are accurate. I think you will be lucky not to see a giant crash.
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I think do not rush to buy before you see what is happening. It might crash again. Rushing in at 20k last time is what has caused all the problems. And even rushing in at 15k. It might well go lower than it is now.
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It has bounced back in the last half hour. But I won't risk buying. I think it will fall again in a few hours time. Maybe it's just whales putting money in and then taking it out to make the price bump. I am not trusting prices just now since I heard about tethers and other stuff.
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It is hard to predict. I predict it will go down to the lowest it was last year. And then rise from there. So people should sell now and then buy when it crashes and get in at the lowest level. 2-3k. But anybody can be wrong and it could go up. But I don't think so just now.
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The market is dropping because people are taking their profit instead of holding. When the price starts to fall people should take their profit and not be greedy. And hold on day after day wringing their hands while the price crashes. And nobody should buy on a rise.
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I think to get lots and lots of new buyers in now it will need to go to 2-3k. Because that's the price it was before the big rise. On the price over 12 months the price is not low. I think that's where people are making a big mistake. They think because the price went sky high for a few weeks that's the price. It isn't.
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I think there is a bit of truth in this. Because say somebody bought at 10k a while ago and then it rose and rose and then started falling. Well these people could have sold and made a good profit but they didn't they wanted more and more. And now because they did hold the Bitcoins it has now crashed and they won't even get their money back.
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I was thinking about how much a bitcoin miner got paid per coin and how much it costs him to mine it. Is it still worth for those miners to mine? I'm not thinking about becoming one myself I just wondered.
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If I had bought at a lower price than it is today then I would have sold the lot. Because what is the point of holding on and on to end up with nothing. It is a shame for people who bought at a high price because they have lost out if they sell. If they hold it might take years to get back to a good price. Why do people want more money pumped in so people can take more money out. It is getting to look a bit crazy.
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I am puzzled to. Because the price is crashing and still people are saying hold hold and buy more. I think I will try another coin where the price is a lot cheaper and then you can get more coins for your money.
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I think people should stop and think money will flood into Bitcoin. Whose money will this be. There has already been tens of millions of pounds flooding in and still people have lost a lot of money and the price has crashed. Where has this money gone. Why flood in more money so somebody else can take it. No more money should be put in for a while and wait and see what will happen then.
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I agree. Nobody should put their money in. And then the price will fall and fall. And people will get a chance to buy cheap. Maybe even $5.
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If Bitcoin continues to go down I was worried there would not be enough money to pay back people who want to sell their Bitcoin. What would happen then.
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I think people should sell at least part of whatever they hold. Because if they keep holding on they might lose absolutely everything. It is very poor nobody saw this coming and kept predicting big gains and saying the floor was reached.
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