HUUUGE CRASH COMING

[acostaja]

I've a different theory, a Bitcoin crash will skyrocket Alt-Coins, specially ETH & XMR.

Bitcooin has a 2big issue: mining & Chinese miners, as collateral Bitcoin transaction cost has become unpopular driving users to Altcoins.

ETH isn't see now as a failed experiment, but as a resilent coin will be the one winning the most CAP from bitcoin stampeede.

[jetson111]

Do you think that fiat is safer with current inflation rates and unpredictable financial system that can crash any time?

Honestly ?  Yes.   Crypto has much higher inflation rates (if you count all new alt coins) ; politics will not let the financial system crash - they will steal people of all their assets (including bitcoin) before they allow that to happen.  Suppose that the financial system crashes.  What are you going to do with your bitcoin in the supermarket ?  Blocs are full.  Your transactions will need weeks to get through if you think that bitcoin is going to be a hedge.  By the time everything is back to normal (7 years later or so), you starved to death with your private keys on your USB stick.
What you need in those times are simple goods.  They cannot be obtained against bitcoin, ethereum or dash.  The guy selling food doesn't know these things exist, and if he would those systems would be entirely saturated.  

I don't agree with you. Why do you need to buy goods with crypto if you can do this with cash? Crypto aren't designed for everyday buy and sell operations primarily. For that purposes we are spending fiat. But the problem with fiat is if you try to save it for the future generations. For example, my parents worked about 45 years and what they saved now are worth a few thousand EUR. That is weird and that is because they saved in fiat and inflation ate almost everything. Ok, if you don't like crypto, go with precious metals, artworks etc. But I like crypto and I think it is a start of huge transformation of financial system and in humanity itself.

p.s. about inflation rates of fiat and crypto. Just looks at some charts of statistics and you will be surprised.

I like crypto as well. I am one of those who think we are in the Wild West of crypto still. Am I in the minority when it comes to thinking that Bitcoin will eventually lose dominance at the least and at worst it will go to the museum like an antique in a few years.

[dinofelis]

But the problem with fiat is if you try to save it for the future generations. For example, my parents worked about 45 years and what they saved now are worth a few thousand EUR.

Fiat is not meant to be a long term store of value, but a fluid means of payment.  
But if you think crypto is going to be a long term store of value, "for future generations", you are out of your mind.  
If you buy crypto so that it rises, it means you're counting on someone paying MORE for it than you did: a greater fool.  If most of the people buying crypto do this for that reason, this is a greater fool game, that stops when you run out of greater fools.  No expectation of greater fool any more, no incentive to buy.  No incentive to buy, no more price rise.  Big crash.  

Crypto is still new, there's a lot of greater fools to get to the game before you run out of it. So you can still hope not to be in the last layer.  But hoping that your grand children will still find greater fools, is crazy.

My only interest in crypto resides in the fact that it can serve as subversive payment system, hidden from state to give economic liberty to those wanting it (from exchanging goods and labor without the state stealing taxes on it, over dark markets to financing activities the state wants to avoid).

[dinofelis]

I like crypto as well. I am one of those who think we are in the Wild West of crypto still. Am I in the minority when it comes to thinking that Bitcoin will eventually lose dominance at the least and at worst it will go to the museum like an antique in a few years.

I think so too.  But not immediately.  It will still last.  It may even last for a very long time, if it finds its niche as reserve currency for big players. 

[Cashew]

I've a different theory, a Bitcoin crash will skyrocket Alt-Coins, specially ETH & XMR.

Bitcooin has a 2big issue: mining & Chinese miners, as collateral Bitcoin transaction cost has become unpopular driving users to Altcoins.

ETH isn't see now as a failed experiment, but as a resilent coin will be the one winning the most CAP from bitcoin stampeede.

This could be what a reasonablemind could say, but think about this : altcoins have no purpose. Absolutely no altcoin can permit you to buy food or car or hardware. So this reason must be taken outside of the debate. Chinese miners are not a problem, as there is no proof they are located in China (majority of the miners, not the Chinese miners). A Bitcoin transaction is not very expensive. If you can not even pay a 0,1 mBTC fee, you have greatest problems than Bitcoin.

[dinofelis]

I've a different theory, a Bitcoin crash will skyrocket Alt-Coins, specially ETH & XMR.

Bitcooin has a 2big issue: mining & Chinese miners, as collateral Bitcoin transaction cost has become unpopular driving users to Altcoins.

ETH isn't see now as a failed experiment, but as a resilent coin will be the one winning the most CAP from bitcoin stampeede.

DASH is near 1 billion.  Close to where ETH was not so long ago.  Spoetnik, where  are you when you need to shill ?

[dinofelis]

This could be what a reasonablemind could say, but think about this : altcoins have no purpose. Absolutely no altcoin can permit you to buy food or car or hardware.

You can't do that with bitcoin any more either.  Transactions don't get confirmed in time.  And once, you couldn't buy stuff with bitcoin either.  Merchants are dropping bitcoin because it is too much hassle.  Honestly, switching to an alt coin is not such a problem. 

Bitcoin's arrogance of thinking it could be the only one is bringing it down. Bitcoin has nothing for it apart from its name.

[Cashew]

This could be what a reasonablemind could say, but think about this : altcoins have no purpose. Absolutely no altcoin can permit you to buy food or car or hardware.

You can't do that with bitcoin any more either.  Transactions don't get confirmed in time.  And once, you couldn't buy stuff with bitcoin either.  Merchants are dropping bitcoin because it is too much hassle.  Honestly, switching to an alt coin is not such a problem. 

Bitcoin's arrogance of thinking it could be the only one is bringing it down. Bitcoin has nothing for it apart from its name.

But where are you getting those informations from, your hat ? No merchant that I use dropped Bitcoin, and not farther from a week ago I bought stuff with it, so please do not make people panic out of nothing !

Bitcoin is the king because no other altcoin have any argument to prove it better. People took lot of time to get used to Bitcoin, so making Foolethdashcoin the pseudo-new king will just kill us all ! So please altcoins, stay at your rank of toy for rich Bitcoin people.

[Arvydas77]

But the problem with fiat is if you try to save it for the future generations. For example, my parents worked about 45 years and what they saved now are worth a few thousand EUR.

Fiat is not meant to be a long term store of value, but a fluid means of payment.  
But if you think crypto is going to be a long term store of value, "for future generations", you are out of your mind.  
If you buy crypto so that it rises, it means you're counting on someone paying MORE for it than you did: a greater fool.  If most of the people buying crypto do this for that reason, this is a greater fool game, that stops when you run out of greater fools.  No expectation of greater fool any more, no incentive to buy.  No incentive to buy, no more price rise.  Big crash.  

Crypto is still new, there's a lot of greater fools to get to the game before you run out of it. So you can still hope not to be in the last layer.  But hoping that your grand children will still find greater fools, is crazy.

Yes, I think that our grandchildren will use crypto as store of value and as a payment method as well. Crypto are designed as inflation resistant, differently from the fiat. I think you don't see the whole picture - we don't need crypto as a payment method. If crypto is only designed as a payment method - it is in any way innovative. The best part of crypto is limited supply. You can't print it to infinity as central banks and governments are doing with fiat.
Speculation is to high today and it will stabilise in the future. You know that 99 (if not 100%) of todays projects will fail but new will arise. Much better than previous.

If you believe that fiat will survive while governments are pumping economy with new printed money (or new emission of digitized fiat) we only can see this as in Germany before WW2.

[Dannysan]

I think there is a real doubt about Bitcoin at the moment, due to the possible hard fork.
If bitcoin forks, why is it any better than the other shitcoins?

That is why people might look objectively at all the alts and decide that ETH or DASH is the way forward, not Bitcoin unlimited or Bitcoin core.

I agree with you though, everything will crash due to lack of confidence, bitcoin is the fallback, if that stutters, crypto stutters.

I agree with you. But what would make it better than the other coins is that it has so much more investments in it, (not saying it is better than any other alt coin out there. it probly isnt) but this would make it way harder to have a major crash atm. With that said, I still believe there is a crash coming, and btc will drag all the alt coins down with it. It will be interesting to see who survives the crash. Interesting times 

[Cashew]

But the problem with fiat is if you try to save it for the future generations. For example, my parents worked about 45 years and what they saved now are worth a few thousand EUR.

Fiat is not meant to be a long term store of value, but a fluid means of payment.  
But if you think crypto is going to be a long term store of value, "for future generations", you are out of your mind.  
If you buy crypto so that it rises, it means you're counting on someone paying MORE for it than you did: a greater fool.  If most of the people buying crypto do this for that reason, this is a greater fool game, that stops when you run out of greater fools.  No expectation of greater fool any more, no incentive to buy.  No incentive to buy, no more price rise.  Big crash.  

Crypto is still new, there's a lot of greater fools to get to the game before you run out of it. So you can still hope not to be in the last layer.  But hoping that your grand children will still find greater fools, is crazy.

Yes, I think that our grandchildren will use crypto as store of value and as a payment method as well. Crypto are designed as inflation resistant, differently from the fiat. I think you don't see the whole picture - we don't need crypto as a payment method. If crypto is only designed as a payment method - it is in any way innovative. The best part of crypto is limited supply. You can't print it to infinity as central banks and governments are doing with fiat.
Speculation is to high today and it will stabilise in the future. You know that 99 (if not 100%) of todays projects will fail but new will arise. Much better than previous.

Our grandchildren will not use crypto-currencies but Bitcoin. People are blessing empty promises for Dash and Ethereum, as if they could be game changers, but only now that they have an high price ! This is like election time, people get fooled another time, voting for candidates promises, but at the end, only state name stay the same, and nothing promised happen, and you can start waiting for 5 years to get fooled another time.

[dinofelis]

But the problem with fiat is if you try to save it for the future generations. For example, my parents worked about 45 years and what they saved now are worth a few thousand EUR.

Fiat is not meant to be a long term store of value, but a fluid means of payment.  
But if you think crypto is going to be a long term store of value, "for future generations", you are out of your mind.  
If you buy crypto so that it rises, it means you're counting on someone paying MORE for it than you did: a greater fool.  If most of the people buying crypto do this for that reason, this is a greater fool game, that stops when you run out of greater fools.  No expectation of greater fool any more, no incentive to buy.  No incentive to buy, no more price rise.  Big crash.  

Crypto is still new, there's a lot of greater fools to get to the game before you run out of it. So you can still hope not to be in the last layer.  But hoping that your grand children will still find greater fools, is crazy.

Yes, I think that our grandchildren will use crypto as store of value and as a payment method as well. Crypto are designed as inflation resistant, differently from the fiat. I think you don't see the whole picture - we don't need crypto as a payment method. If crypto is only designed as a payment method - it is in any way innovative. The best part of crypto is limited supply. You can't print it to infinity as central banks and governments are doing with fiat.

Of course you can.  It is sufficient that you change the parameters. Like block size in bitcoin.  The only thing you need for that is an agreement between miners, when it is sufficiently centralized.  And it is unavoidable that it will centralize because of economies of scale, regulation, and I don't know what.  Look, Evan, all by himself, has divided the supply of DASH by 4 once he had made his premine.  If you can lower it, you can increase it as well.  

But that is not the real inflation of crypto.  The real inflation is the creation of extra crypto currencies out of the blue.  New coins.  For instance, all the application tokens on top of ETH are inflationary tokens.  If you allow second tier layers on top of a crypto (the only way to scale a block chain crypto) you will get forms of fractional reserve banking.  

Don't think that there is a finite amount of crypto.  There may be, for the time that it is sufficiently decentralized and immutable, a finite amount of COIN X on its chain.  That doesn't mean that coin X proxies are not created, that the market cap of X is not diminishing (comes down to inflation) and so on.

Speculation is to high today and it will stabilise in the future. You know that 99 (if not 100%) of todays projects will fail but new will arise. Much better than previous.

Exactly.

If you believe that fiat will survive while governments are pumping economy with new printed money (or new emission of digitized fiat) we only can see this as in Germany before WW2.

Of course, but that didn't stop Germany to have the strong German fiat Deutch mark after WW2 until the end of the 20th century, and now it has the Euro, and maybe in the future another fiat.  

Again, I don't see fiat as a store of value.  That's crazy.  But as a payment system.  I think that state fiat will always be a superior payment system than a clunky crypto currency, simply because the state will put everything into work to make it work well.  The centralisation makes that it is easy to deal with.  No crypto hassle.  No block chains.  No shit.

I am not saying that a *specific given fiat* currency is for ever, but neither I think that a specific, given crypto currency is for ever.  It doesn't need to be.  It just needs to be the right payment system for its application, at its time. 

Fiat has been ruling payment systems since at least 2000 years if not more.   Of course we don't use the Roman fiat.  But fiat nevertheless.  Crypto has its place where fiat cannot go. 

[dinofelis]

Our grandchildren will not use crypto-currencies but Bitcoin.

I don't believe that.  I think bitcoin will be long gone by that time.  Like all crypto currencies that exist today.   It is simply too clunky.  Block chain based crypto was a great idea to get started, but way way too naive in its approach. 

[1urker]

This is true, but not entirely. Bitcoin will not go that low, and I think we already are at the bottom, but for altcoins this is true. People, when will you understand that this is just a whale game ? Everyone was spitting on Ethereum a week ago and now that it pumps more than anything reasonable, everyone worship it... Altcoins are just a toy to steal your bitcoins, and you need to understand this if you do not want to make the whales richer. All of these rises, absolutely all of them, will not last very long ! You have been warned !

So you never invest in Altcoins?

[Herbert2020]

I predict everything is going to crash dramatically in the following days and weeks. Crypto has a balance problem with running between absolute bearish and absolute crazy bullish. So we again ran too far too quickly and it's all coming down.

This is the natural way things work, when they get "pumped" they need to get dumped right after so that people can take their money out, so they wait for the top then unload their stash to get the 100%-300% profit and then move on with that money to a newer altcoin and make the same profit there while the last one slowly dies until the next round.

BTC back to 750 at least.

your mistake is thinking bitcoin has gone up without any reason and also comparing it with altcoins! but bitcoin is the only crypto with real adoption because of its real world usage.

and the ONLY reason why it has dropped down recently is because of FUD and the fear that is stupidly in people's minds thinking bitcoin will split.

Most alts 30-40% drop....probably much more.

try 60% to 80%!
as i said above, when there is a pump there will be a dump. no matter how good or bad that altcoin is, there needs to be a correction. people don't buy altcoins to "use" they buy them to sell on top and make profit and selling means price drops.

[shintosai]

I predict everything is going to crash dramatically in the following days and weeks. Crypto has a balance problem with running between absolute bearish and absolute crazy bullish. So we again ran too far too quickly and it's all coming down.

This is the natural way things work, when they get "pumped" they need to get dumped right after so that people can take their money out, so they wait for the top then unload their stash to get the 100%-300% profit and then move on with that money to a newer altcoin and make the same profit there while the last one slowly dies until the next round.

BTC back to 750 at least.

your mistake is thinking bitcoin has gone up without any reason and also comparing it with altcoins! but bitcoin is the only crypto with real adoption because of its real world usage.

and the ONLY reason why it has dropped down recently is because of FUD and the fear that is stupidly in people's minds thinking bitcoin will split.

Most alts 30-40% drop....probably much more.

try 60% to 80%!
as i said above, when there is a pump there will be a dump. no matter how good or bad that altcoin is, there needs to be a correction. people don't buy altcoins to "use" they buy them to sell on top and make profit and selling means price drops.

yeah the concepts is not for the development or progress of the said project but to risk and try their luck to earn some btc
after they assess correctly and things went to their side its all about trading nothing else. better to review and research
how things works inside trading industry.

[tokeweed]

Could be the case. I've heard stranger things before! 

Exactly this.  I remember watching BTC at Gox years ago staying at 5 USD for a very long time then it started to move.  I was like 'it has to come down sooner or later...'.  The next thing I know it was on 100 USD.  Now I was going 'now it has to come down'.  But no, it went on to 1000 USD.  And guess what, I didn't buy any at 5, 10 or anywhere low like that.  I bought at prices over 100 - 200.  I had the money during that time too.  It was a wasted opportunity.

Again same with Dash.  Missed that one too.

[acostaja]

I predict everything is going to crash dramatically in the following days and weeks. Crypto has a balance problem with running between absolute bearish and absolute crazy bullish. So we again ran too far too quickly and it's all coming down.

BTC back to 750 at least.

Most alts 30-40% drop....probably much more.

Seems you use Marxist analysis, you (as everyone who believe in marx and its economic thought school) are wrong.

You're not even close to what happens to cryptocurrencies.

Cryptocurrency is a phenomena just exploding, the most know is Bitcoin but bitcoin has serious issues about scalability, this will drive money to AltCoins, the most solid (well planned) are ETH,Zcash I bet on ETH, I've 4x mi worth since I decided to bet in eth and it will continue to grow much faster than any other crypto as the 'experimental failure' ghost vanishes .

all cryptocurrencies dont represent more than 0.0001% of the fiat in the world, all we know with the time Cryptocurrencies will be 100% of the money used, this is an prediction for the next 20yr as much long to be verified, on that time Bitcoin will be another cryptocurrency (heavily forked) among the sea.

Current BIP dont really solve the scalability issues bitcoin has, as SegWit only hides it, and B.U. only make it worst(very slow) on the long, bitcoin is ransomed by chinese miners not the community, this is the big problem, and those miners use to be chinese big hogs -mostly-.

The only true Economic though school is the Hungry, efficiency and productivity e.e. are just politics and vanity.

[xtyling]

Could be the case. I've heard stranger things before! 

Exactly this.  I remember watching BTC at Gox years ago staying at 5 USD for a very long time then it started to move.  I was like 'it has to come down sooner or later...'.  The next thing I know it was on 100 USD.  Now I was going 'now it has to come down'.  But no, it went on to 1000 USD.  And guess what, I didn't buy any at 5, 10 or anywhere low like that.  I bought at prices over 100 - 200.  I had the money during that time too.  It was a wasted opportunity.

Again same with Dash.  Missed that one too.

On long term dash is no more better than any other alt. The market adoption is small and there are a lot assuming that a price manipulation is on there.

Yes I also missed the train to make quick bucks 😪

[RentGPU]

I have a question to ask all ppl here are saying that all coins are over priced and that all are shit coins not worth a dollar so...why are you trading them and interested in cryptocurrencies if you think that they are all shit coins , and how do you know they are overpriced because you think all ppl are looking to them the same as you.....just don't get it.