Early stages of collapse ? Holy cow . how can you say early when we already experienced this down fall for a verry long time already . if im not mistaken , the first crash was started on january 2018 and eventually it do continues up until now . And also , this isnt only the year that cryptos are dumping because cryptos actually dumping ever year and every time because that is thier nature . So do you still think that this collapse is in early stage ? Smart people will now act fast to buy a crypto because this is still the perfect time to do it. Stupid people will still be waiting and they oftenly regret because they dont know how to decide properly . lol  Stupid people will buy bitcoin , when the Bitcoin Miners are Shorting it , and the price will still go down. Because the fucking miners are Shorting it! |
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To all of fanatics that claim , you don't lose anything til you sell. Go tell that bullshit to the guy losing his house and possibility his wife, because his job can't pay the new mortgage. Or the millions that credit is destroyed. It is 7 years to restore bad credit, so expect this crypto winter to be as least 7 years. Does anyone really think BTC can survive a 7 year bear market? BTC Death Spiral in less than 3 years, set your watch.  What proportion of cryptocurrency investors were buying on credit cards or mortgaging their house? I imagine it was pretty small. Do you have any data to support this theory of yours? Anyone who racks up high-interest debt to buy cryptocurrency probably deserves to have their credit destroyed. The portion from BTC $1000 TO BTC $20000, numerous articles discuss credit cards being ban by the banks to buy crypto (Google it) and all you have to do is read these forums to find someone that mortgaged their house without telling their wife.  Those people that you say deserve it are the ones that allowed many in here to earn windfalls. Fact is those people were lied too, when users in these very forums claiming bitcoin could only go up, and they could become rich. The fucking Bitcoin miners are shorting their own coins, which should tell you we are near the end for bitcoin. |
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A store of Value , Holds it Value Relative to Fiat.
Bitcoin is not a store of Value as over 80% can be lost at a moment's notice as the past year has proven.
Things that value is almost fixed are a store of value.
People need to learn the difference.
Bitcoin is a fluctuating medium of exchange, it has never been and never will be a store of value.
It depends, how are you defining store of value ? In a free market, nothing has a fixed price. If you see Gold/USD 50-years chart, it has highs and lows too. Do you think gold is not a store of value ? A store of value is an asset that maintains its value without depreciating. https://www.investopedia.com/terms/s/storeofvalue.aspBTC has 80% losses every 2 or 3 years , a store of value it is not. Gold remains relatively stable , and when it price decreases too much , their are alternative uses in industry for it that eventuality increase it's price. BTC has no other usage except as a payment system, which the miners are now losing money to keep it running. Gold can't die, because a group of miners stop mining , bitcoin can. Find anyone that purchased Bitcoin above $6000 and tell them it is a store of value, don't be surprised when they laugh in your face and ask for their thousands of dollars of value back that evaporated into thin air. |
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A store of Value , Holds it Value Relative to Fiat.
Bitcoin is not a store of Value as over 80% can be lost at a moment's notice as the past year has proven.
Things that value is almost fixed are a store of value.
People need to learn the difference.
Bitcoin is a fluctuating medium of exchange, it has never been and never will be a store of value.
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That was all fake transactions
In bitcoin, there ain't no such thing as a fake transaction. You're being willfully obtuse. Average SV blocks are smaller than BCH blocks, because nobody is using it. All of the top 5 coins are up today. SV is down. Coincidence? I think not. SV will only fall from here. The funny thing is I don't even like BCH but you SVtards are making me fans of it pretty fast.Same here. In my portfolio, the last coin on my list is BCH with only 0.5BCH. I just can't believe all those SV delusioned investors. It's obvious a single person or two (Craig Wright and Calvin Ayre) are pumping this coin while dropping the rest of the market. I'm pretty sure I also saw him say that he is ready to sell all his BTC to win this war. Craig Wright may be receiving 1 million Bitcoins in BTC-Segwit & Bitcoin Cash & Bitcoin SV on Jan 1,2020 . In that case he will have the ultimate economic power over all Bitcoin Networks. In other words, he will be Bitcoin's Daddy whether he is Satoshi or not.  https://bitcoinexchangeguide.com/satoshi-nakamoto-craig-wright-dave-kleiman-phil-wilson-bitcoin-creators-revealed/Looks like the Ozzie, will be able to decide which Bitcoin is the winner by just selling the ones he wants to lose.  Out in the night somewhere, Jihan just pee himself. |
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Many Miners have quit mining, so the delays will just get worse as time passes.
The rest of the miners have started short selling BTC, don't expect it to maintain a decent price.
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I know that majority will soon regret, sooner the price of bitcoin will escalate. There is no perfect speculator or analyst that I can hold on his or her words to either buy or sell bitcoin. Just be wise.
Guy the miners that make btc work are shorting, who knows more about btc than them. If the miners are shorting then BTC is Fucked, no way to deny that. |
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Forget $1500, there is no bottom if the miners themselves are short selling.
BTC Death Spiral within a year.Chinese Miners Are Shorting Bitcoins, it has no choice but to go lower. If the miners are shorting it , and you are buying it. You are being played for a sucker. https://www.trustnodes.com/2018/12/06/chinese-miners-have-become-the-biggest-crypto-short-sellers-says-local-mediaA Bitmain aligned crypto-news site claims in what appears to be a translation of other local media that
Chinese miners have become the biggest crypto short sellers, margin selling bitcoin or eth as a hedge.
“Everyone is short-seller, we do this for self-defense but that will lead to a further decline in cryptocurrency price…
Without short selling, we will be eliminated ultimately, but if everybody keeps doing this,
we will finally die together, which is quite heroic.” the question of demand can of course lead one to wondering
if the ultimate conclusion is not a price of zero.. BTC Miners 
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Every coin holders ,investors have different strategy, in the world of cryptocurrency, we can advice or force them to that ,because they have their own management , the market which is sufferring from price falldown, is not really collapsing, I believe this will really comeback for crypto is still recovering from this market falldown , so we do not lose hope because this is crypto , it will rise and it will also goes down.
The Miners themselves are short selling BTC, if that does not penetrate your brain, nothing will.It also proves they have no monetary reserves left.  FYI: No Miners, No BTC, sad that has to be spoken and not common knowledge. |
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Forget $1500, there is no bottom if the miners themselves are short selling.
BTC Death Spiral within a year.Chinese Miners Are Shorting Bitcoins, it has no choice but to go lower. If the miners are shorting it , and you are buying it. You are being played for a sucker. https://www.trustnodes.com/2018/12/06/chinese-miners-have-become-the-biggest-crypto-short-sellers-says-local-mediaA Bitmain aligned crypto-news site claims in what appears to be a translation of other local media that
Chinese miners have become the biggest crypto short sellers, margin selling bitcoin or eth as a hedge.
“Everyone is short-seller, we do this for self-defense but that will lead to a further decline in cryptocurrency price…
Without short selling, we will be eliminated ultimately, but if everybody keeps doing this,
we will finally die together, which is quite heroic.” the question of demand can of course lead one to wondering
if the ultimate conclusion is not a price of zero.. BTC Miners FYI: Proof of Stake Coins are unaffected by the Chinese Miners Seppuku. Because their input costs were not insane like PoW coins.
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the market dynamics are about to flip to where its cheaper to buy direct than to mine it. so there is going to be market pressure to buy instead of mine it. thus push the price up
I believe many miners have been doing that already for months, which is why their was a $6000 floor for months. Now those miners have lost their reserves and are declaring bankruptcy or just closing down. I don't believe we really have a price floor at the moment. Next support price is $1500 and that may not even hold. No Miners , No BTC 51% attack becomes a greater possibility by a disenchanted player with every difficulty drop. The pretense that miners have unlimited funds to buy btc at these still overinflated prices is nothing but pretense. |
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I do admire the fact that you lost that amount of money on shitcoins and that you are still interested and supportive of Bitcoin. Most people in your situation would have turned "Buttcoiner" by now and they would have trashed posted this forum. My perception of Bitcoin has not changed, since I bought bitcoins for the first time. I bought bitcoins with the goal being that it would be a long-term investment. <Years, not months> and I follow the 80/20 rule of hoarding 80% of my new coins and using 20% of them as a daily "currency". This has worked out very well for me, because I made a shite load of profits in 2017. Your 2017 profits directly off of the people that used cc debt and took out mortgages and now can't pay them back. You are the winner at their expense. While they became the losers because no greater fools came in behind them. What people forget, is for their to be winners in a trading markets , their also has to be losers. |
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Insane ever growing input cost is one of the Major Flaws of Proof of Work Design. Only Proof of Stake Networks can continue running without fear of insane input costs. Proof of Stake network runs at the same input cost whether the coin is worth 1 penny or worth $100. Energy Efficiency Matters. PoW networks input costs rise and more miners/losers drive up the cost of doing business and the ever decreasing rewards guarantee less coins at each halving. A Custom Design for Suckers to join , a rigged game they are guaranteed to lose. |
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to all panic sellers,
WHO AM I ?
1> HODLER
2> Guy who lost 80% + on alt coins [around 130 BTC ]
[ means not only btc price is going down, the amount of bitcoin i hold are going down too]
3> my mining farm is not able to cope even my daily expenses
[ yes i am mining and i will keep mining no matter what]
No you won't, at some point losing money on a consistent basis will Break YOU!
And you will quit mining because the electric company cut power to your ASICS.
Known Design flaw in PoW, ever increasing input costs.Facts :
for every guy selling = there is one guy buying
Actually No, More are Selling than Buying.
If the sellers=buyers the price would be stable, it is going down so the sellers outnumber the buyers.COINS you should trust:
1> minable [POS POW etc etc]
2> not centralized
You're close with this one, but it needs clarification.
Only Trust Coins, that you can mine or stake and if need be : keep the entire network running yourself without help from others.
Any Coin that you can't personally make sure the network stays up (and can afford to do so forever) is just a gamble by you that a 3rd party won't fuck you over. |
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http://www.investmentwatchblog.com/millennials-are-delusional-about-how-rich-theyre-going-to-be/So why do so many think they’ll be rich? They may be “delusional” about “how much money they are able to save and how much they will be able to earn,” explains Agnes Kowalski, a wealth therapist — who adds this can happen with people of all ages. But she explains that millennials in particular “have incredibly powerful new belief systems about not capping how much money can be earned” as “there are so many careers that were non-existent even 10 years ago” — which may help explain why they think seven figures is possible. Interesting enough, you see this in Bitcoin all of the time. People mortgaging a house , (that was already paid for)Using Credit Card Debt to Buy as much Crypto as Possible, (This lead up to the $20000 overpriced BTC, and the blockage by Banks aided the downward collapse of BTC)All thinking it was going to make them Ultra Rich, and the exact opposite has occurred, Prices are Crashing with little incentive for anyone to buy them , as everyone knows the price is going lower. FYI: All those people that purchased BTC with CC Debt , and now can't afford to even pay off that CC Debt. https://www.zerohedge.com/news/2018-12-06/economic-downturn-credit-cards-arent-being-paid-accounts-are-being-closedA new report is shining some light on an indicator that the economy is about to take a major downturn.
Credit card accounts are not being paid and some accounts are being closed in anticipation for an upcoming recession. So the next guy that yells BTC will Moon Again, ask him/her , who is left that is stupid enough to throw their money at it, when it has already wiped out the financial future of millions that believed in it like a false religion. FYI2: To all of fanatics that claim , you don't lose anything til you sell. Go tell that bullshit to the guy losing his house and possibility his wife, because his job can't pay the new mortgage. Or the millions that credit is destroyed. It is 7 years to restore bad credit, so expect this crypto winter to be as least 7 years. Does anyone really think BTC can survive a 7 year bear market? BTC Death Spiral in less than 3 years, set your watch.
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Now that Bitcoin has fallen in price why are we not seeing buy ups. If investors were buying it should push the price back up, but instead it continues to fall. This tells me that investors are no longer buying which is kinda worrying.
Maybe because BTC is still insanely overpriced, and they really don't need it to perform a utility, because other crypto does it faster & cheaper. If you are just transferring money to someone else LTC does it faster and cheaper transaction fees. |
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All price predictions for Bitcoin seem to be very negative at this time. I used to rely on technical analysis and various information to give a article: bitcoin will return $ 1500. It seems that a lot of optimists think that $ 4800 would be the bottom. But after a month, at this moment it seems $ 1500 is absolutely possible. Tell me the price lowest bitcoin you ever thought would be how much $? https://bitcointalk.org/index.php?topic=5071669.0Absolute lowest price is zero!However many point to $1500 as being the next floor to show any stability. So most likely we drop to $1500 for ~ year , and then the Market place decides if BTC dies or pumps. The deciding factor in that choice is : will be is their any real adoption by the populace. FYI: We have already dropped below $3300. |
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