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Author Topic: Unlike alts Bitcoin will not crash  (Read 1961 times)
digaran
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May 18, 2017, 10:57:57 AM
#1

After they had their successful pump in a few altcoins one by one their time of dumping is coming and going and idiots will once again buy them in hopes of getting rich.

Now it is Bytecoin turn, go and buy as much as you want and let them dump billions on some poor bastard just like all the ponzi schemes, scammers found a new way which is what we are witnessing in past 2 month in crypto.

Even I was able to mine Bytecoin on a crappy laptop, now imagine some body with 50 GPU-CPU in a basement was able to mine God knows how many.

People wont even look at altcoins infrastructure they just deposit BTC on an exchange and start buying knowing they are participating in a ponzi or just don't know what that is and will enter regardless.

I'm waiting for Bitcoin to crash back to sub 1k but facts are undeniable, more miners are joining the race and I'm speculating another surprise as a price increase who knows maybe to $2400?

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May 18, 2017, 11:34:54 AM
#2

I'm waiting for Bitcoin to crash back to sub 1k but facts are undeniable, more miners are joining the race and I'm speculating another surprise as a price increase who knows maybe to $2400?
i don't get what you mean by this part!
if it is not going to crash then why are you waiting Smiley
and what do miners have to do with anything! it is the free market deciding the price and miners have always been a part of this growing market.














 

 

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May 18, 2017, 02:01:19 PM
#3

I'm waiting for Bitcoin to crash back to sub 1k but facts are undeniable, more miners are joining the race and I'm speculating another surprise as a price increase who knows maybe to $2400?
Bitcoin can't go below 1k any time soon if we don't get any bad news like any trading platform getting hacked or Hard fork. Almost all other alts with very low trading volume are just pump and dump coins.  Grin

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May 18, 2017, 02:21:08 PM
#4

It always surprises me how people have ridiculous thoughts and desires. Some here want for Bitcoin price to crash under 1000$ so they can buy it but and immediately after that they want the price to rise over 2500$ so that they could become rich over night. Bitcoin market is not functioning like this and not listening to someone's desires. Get serious.

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May 18, 2017, 03:14:18 PM
#5

Altcoins are the paradise of gamblers, so it's obvious there's a lot of new money getting in in hopes of finding "the new bitcoin" that will go x1000 on their initial investment. They are complete idiots and are wasting their money since most altcoins will dump and stagnate into oblivion.

Some people will get rich by buying the right amount of some altcoin at the right time, but most will lose their BTC.

BTC is the only coin that has store-of-value characteristics. Everyone is after your BTC, so don't waste them on shitcoins.

Find some good investments. LTC is one of them as long as BTC has no segwit.

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May 18, 2017, 03:48:02 PM
#6

I also used to think like you OP, but my mindset changed after things started getting better for alts once Bitcoins reached these high values because the fee and bigger transactions have gone messy once we saw that block scaling debate due to higher number of unconfirmed transactions. Bitcoin really has potential for going much higher than this in value, but that should not mean that we ignore alts because there are still many genuine altcoins which are in the markets to be used against bitcoins for less fee purposes and quicker confirmation times.

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May 18, 2017, 04:13:37 PM
#7

I'm waiting for Bitcoin to crash back to sub 1k but facts are undeniable, more miners are joining the race and I'm speculating another surprise as a price increase who knows maybe to $2400?
What would be that potential reason of hypothetical bitcoin crash you talk about? Sub $1000 level is so far away, way beyond simple price correction.
This high price of Bitcoin is not an effect of growing mining infrastructure, but it is caused by progress of adoption, more users and due to increase of acceptability of bitcoin in mainstream finance.

But never say never Bitcoin might crash for example if miners will ever try to upgrade network via hostile BU fork.

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May 18, 2017, 04:21:59 PM
#8

the thing you need to know is the fact that bitcoin has the demand necessary for its rise and this demand is not only not going anywhere but also it is increasing day by day.
but for altcoins the demand is temporary and it is only coming from traders wanting some big profit.

also the difference between a correction and a crash is a lot, but most people see any drop as a crash!

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May 18, 2017, 04:49:33 PM
#9

Altcoins have the increased volatility than bitcoin, which is the reason for major dumping of value once after reaching great value growth in a very short time period. In a days time altcoins potentially grow more than 200% and by the next day it might fall mare than 100% in value. Some lack in finding and some lack of development. On the whole as an user stated bitcoin has got a demand which soon can never be achieved by any of the altcoins.

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May 18, 2017, 05:10:29 PM
#10

None of you guys actually care or pay any attention to the hash power behind every coin, 99% of altcoins were mined by a dozen of people some even were mined by less than 10 people and suddenly they go from $0.0001 to $0.5 and that's when all the greedy traders enter to push it further up to $1-2-3-4-5 and it will continue and if I was a bag holder I would've dumped very slowly but steadily, I'm just sad about it because I know most of the people will burn as the wall buy grows thick the bag holder sees the opportunity and dumps millions of coins and easily earns millions of dollars.
And people just stare at their shitcoins sitting on their wallets worth nothing.
At least before investing on an altcoin check out the backbone and the strength of said coin.

About me first wishing for a crash I then said that facts are undeniable and as much as I'd like to see it falling back to sub 1K I can see at the same time that it's not going to and some how I was hoping to see if you can tell me whether it will drop so I can get some at current price because I know it will eventually increase.

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May 18, 2017, 05:53:03 PM
#11

Everything crashes eventually, however many here are suffering from the usual scale blindness that seems to blight this place.

Poloniex is probably the world's biggest exchange in terms of volume, not that it really means anything as hardly any of it leaves the exchange, but regardless of that it's currently buckling under the weight of over 40,000 users online right now.

Lets see that figure again - 40,000.

That's the population of modest market town in Belgium or half a football stadium. It could easily add 1-200,000 more without the rest of the world taking any notice. All these bubbles could go up another 10-20x yet. Dumpers might be eaten alive by a wave of newcomers.


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May 18, 2017, 07:07:50 PM
#12

Fundamentally altcoins are not having any supportive news to get pumped. In recent times ripple/steller are heavily pumped for no reasons and I am just watching them to take a blood bath in more quicker time. Pumping without backing reason always ending up in steep fall down.

At the same times, bitcoin found few corrections, regardless of that investors kept their faith so it started its another wave of rally today. This wave may sustain until price reaches $2100 too.

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bitcoindusts
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May 18, 2017, 07:51:46 PM
#13

Altcoin are all hyped, without any demands on them.  They were pumped hard so as expected once the target price is achieved, a dump will follow that will crash the price to oblivion. Bitcoin on the other hand is increasing in value due to the recent event and adoption.

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ImHash
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May 18, 2017, 09:13:12 PM
#14

Who are you talking to bro? most of the people here are either hackers/ scammers/ idiots/ opportunists and very few honest and thoughtful people are here, of course no one will care as long as they can earn their profit, ICOs and ROI, money is the king here, you really expect them to avoid those pumps? it's like throwing meat in front of a cat and expecting her not to eat it.
I'd suggest you not to buy any coins now and wait for the next "bad news" as always which will lower the price.


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DrGuns4Hands
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May 19, 2017, 01:38:55 AM
#15

Altcoins are all hyped. Don't say bitcoin might crash. Bitcoin/cryptocurrency on the other hand is increasing in value. The more people know or used it, the more bitcoin will value. Right now, cryptoworld known in manny countries. So might as well the people may used it for there living. And it help them a lot

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May 19, 2017, 01:49:54 AM
#16

Bitcoin really might rise up to $2400 in the next coming weeks or months if the upward trend continues but it is hard to imagine right now that bitcoin will crash back to sub 1k unless there is a major event that will trigger it to happen. Altcoins really will crash but there are few altcoins that have genuine price as other says and has a lot of potential to increase too so If I were you I won't say all altcoin pumps now are just ponzi schemes but some pumps in some certain altcoins really do look like it is manipulated.

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May 19, 2017, 02:33:00 AM
#17

It is hugely demand in the market and people know about bitcoins from the very beginning.Many people are using bitcoins has stock market and saving it as they want to become rich in the coming years.

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May 19, 2017, 02:40:39 AM
#18

After they had their successful pump in a few altcoins one by one their time of dumping is coming and going and idiots will once again buy them in hopes of getting rich.

Now it is Bytecoin turn, go and buy as much as you want and let them dump billions on some poor bastard just like all the ponzi schemes, scammers found a new way which is what we are witnessing in past 2 month in crypto.

Even I was able to mine Bytecoin on a crappy laptop, now imagine some body with 50 GPU-CPU in a basement was able to mine God knows how many.

People wont even look at altcoins infrastructure they just deposit BTC on an exchange and start buying knowing they are participating in a ponzi or just don't know what that is and will enter regardless.

I'm waiting for Bitcoin to crash back to sub 1k but facts are undeniable, more miners are joining the race and I'm speculating another surprise as a price increase who knows maybe to $2400?

If you asked me 3 - 6 months ago I would say $2400 per Bitcoin would be impossible. I am a person who is stubborn and who is hard to convince. I want to see it happen with my two own eyes and now I think it is happening. Sometimes I wish I blindly bought more instead of waiting for corrections.

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May 19, 2017, 02:43:28 AM
#19

The alts don't seem to be crashing anytime soon. Look at their valuations - they just keep rising.
Bitcoin dominance has crashed below 50% and it looks like it will stay there for some time.

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May 19, 2017, 02:48:42 AM
#20

It is hugely demand in the market and people know about bitcoins from the very beginning.Many people are using bitcoins has stock market and saving it as they want to become rich in the coming years.

but not all people know bitcoin from the very beginning, some of them know bitcoin in this year and they think that they are very late to know bitcoin.

i think bitcoin can crash and i think the crash is only in the price as we know because we've seen the price is up and down too often. and if there are many people still using bitcoin, i think bitcoin will not crash like altcoin.

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