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Author Topic: This is Why you Should Worry!  (Read 651 times)
Wicked Sick
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November 28, 2018, 06:22:51 PM
 #41

Of course, nothing can assure us that bitcoin will recover, but if we really believe in the technology and what we can create with the blockchain, we would have no doubt that sooner or later the price will improve, maybe not a rise as in previous years, but I think it will be enough to recover our investment.

Insufficient
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November 28, 2018, 06:27:11 PM
 #42

People who post here that says "dont worry" is not an actual fool. Don't buy anything you don't believe in! Now if in case you believe the technology behind it then don't be afraid. Everyone knows crypto currencies are volatile and as much as we learn to read charts TA and what not prices will vary because that is just the way it is.
evichi
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November 28, 2018, 06:43:55 PM
 #43

There are numerous views to this issue. The initial design of bitcoin is for it to serve as personal banking not necessary for investment. Apparently it is now serving more than this purpose and altcoins have emerged to join the crypto world. Bitcoin have been there for years before altcoins. Basically, bitcoin took the lead and have gained ground. It is rare to see any fiat to crypto / crypto to crypto exchange without bitcoin. The two major scenarios is (1) effect of altcoins on bitcoin, and (2) effect of the community on cryptocurrencies. The second scenario is the most critical. If people are loosing interest in cryptocurrency it will affect bitcoin as well as others. For years to come I don't see altcoins being the reason for the drop in value in bitcoin. In synopsis, so long the community believe in cryptocurrency, bitcoin value will still come up appreciably, but can we have the patience?

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Harlot
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November 28, 2018, 06:50:15 PM
 #44

Don't you think we don't know that already? The ones who are being fooled by now are people who are new to the market where they think they could create easy money without any knowledge on how to trade. You are right what we are doing is not an investment but merely an speculation but the good thing is even if we can't use fundamental analysis in our planning the technical side of Bitcoin is pretty much reliable, so if that is what you mean by self observation then you are right as well. Other than that is just a way of gambling your money without any basis.
DavidTep1987
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November 28, 2018, 06:56:40 PM
 #45

If we are talking about shorting, that train left the station. The ones that placed short, did it way back. There is no need to talk about short positions considering the latest information from the market and the price of bitcoin that is going up according to the last information that I saw. We already passed 4k if I am not mistaken. Why would not this be a perfect moment for the newcomers to start from the beginning and buy now. The price will go up deff. I highly doubt that it will ever reach 20k again but something around 10k is completely reasonable to me in some long time period.
Troysen
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November 28, 2018, 07:12:20 PM
 #46

Because I would worry about something I was waiting for? the best thing that can happen for cryptos is to stop using them as a currency to fatten in value, it is not digital gold, it is simply a currency that should be used for transactions, in the end if the btc reaches $1 it would not matter, as long as it continues to be used for international transactions.
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November 28, 2018, 07:46:26 PM
 #47

Many say don't worry, bitcoin price goes down and always come back up.

In fact, we have to worry mainly about the regulations and these regulations will eventually reach the mining sector and that will be another big problem that we will see in the future. I do not understand about the technical aspects of bitcoin, but it is obvious that in the future governments will not allow mining or miners will have to use more sophisticated equipment and will have to find other sources of electricity that are cleaner and cheaper and will have to dealing with a lot of red tape. I do not know if this mining sector will be profitable in the future and if will be some future

New Factors
BTC Energy Waste is worse than ever, requiring permits from Government Utilities
Miners have multiple forks to choose from, BTC, BCH, BSV , no longer limited to BTC only as in the past.
BTC is seeing less transactions usuage not more.
Other coins are used as offramps into FIAT now, in the past bitcoin was the only one.
Billionaires are fighting over which fork is the real bitcoin, in the past they all supported only BTC.
These variables can have a massive effect on BTC Future.

yes, they are radical changes and deserve all attention, things have changed a lot in the last years and it will be necessary to look carefully at these changes. governments are not reliable

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maianh09
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November 28, 2018, 07:51:54 PM
 #48

Crypto is a venture capital investment, and there are no guarantees for investors to participate. In finance, you control your money, and you make every decision. Although Crypto has a lot of risks, it gives the investor a significant return. Things are not as good as what you know.
cybernetik7
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November 28, 2018, 08:21:00 PM
 #49

If you can't forsee the future, you look back to reach some solutions and figure out what will happen. What's wrong with this. Early patterns of crypto or bitcoin market means a lot for who want to see. Technical analysis was born from this and is based on it.

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serjent05
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November 28, 2018, 08:32:55 PM
 #50

Well, I’m speechless. Everything you said is true. Everyone invests at their own risk so you cannot blame anyone if they encouraged or discouraged you or for brainwashing you. Its all in our own decision. So if we fail we dont blame anyone for our own loses. We are not driven by other people’s opinion and decision, we decide on our own so whether bitcoin lives or dies it is not determined by anyone speculations or assumptions.
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