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Author Topic: Unlike alts Bitcoin will not crash  (Read 1958 times)
azguard
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May 23, 2017, 09:53:51 AM
 #41

This is something to go on debate real debate. What is that you this is crash, price down or to coin go to 1 satoshi. In both cases we saw that some rise from ash and now are pretty good ones. Ans yes bitcoin cannot crash like any alt one. Some alt controlled by individual or several ones and they can do anything anytime, so when alt crashes you lose lot.



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May 23, 2017, 01:34:15 PM
 #42

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 think the price can get as high as 2400 before going down then take the opportunity and buy now earn good money in just a few weeks or day and then sell and wait for the price reduction and make even more money.
Can make predictions, but there is no assurance of price increase. For this it's good to invest into few altcoins that has signs of pumping high. Right now the price is high, so buying at this price and profiting when price grows higher is more risky than just investing at low price and waiting long for price increase.



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May 23, 2017, 01:59:58 PM
 #43

It looks like none of the major alt coins will have a crash ,we could see minor corrections ,other than that nothing bad is going to happen,look at the rally we had in Zcash and Dash,these kind of rally is not because of a major pump and dump scheme,it is because there are major investments in these coins .
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May 23, 2017, 02:06:53 PM
 #44

As some body already mentioned, indeed we haven't seen the real Bitcoin price yet, Japan was just the start now I'm more interested to see what happens when 50 countries do as Japan did, maybe we see $150,000/BTC?
About alts I must say this:
Imagine yourself with 10 others mostly close friends coworkers, team members launching a "cryptocurrency" and then start mining it for a few years with having 90% of the total hash power.
Then you will go to one or a few of exchanges and start buying and selling from each other, of course a few lucky miners in between see the price increase and dump in the middle and earn their profits no doubting that, while you guys are pumping some greedy traders see the opportunity and start buying pumping the price up high just to sell later and they will sell to others(unsuspected traders)then after a while when a support wall has been built you will start the dumping and other newbies thinking wow some cheap coins and put their money and gladly pick your dump.

Then coinmarketcap shows billions of dollars as your shitcoin marketcap, now you see how these alts can work and deceive people?
And yes as the people move in and invest they will replace you but you just made millions doing nothing but mining for a few years, Bitcoin however is shouting for years to the world and saying come and mine me.
Why don't you go and mine alts instead of investing? that's right most of the pumped alts are not mine-able go figure.

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May 23, 2017, 03:31:30 PM
 #45

Not all alts are for pump and dump shit coins. There are few legit altcoins that in the future may compete with bitcoin. You can buy and hold on some of good altcoins out there. But if a person becomes a bagholder of shit coins, it is his fault that he did not do research or even give an effort to know the shit coin he is buying.

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May 25, 2017, 04:50:48 AM
 #46

I believe you are only one person who are waiting that bitcoin come back to crash. Almost, everyone like and waiting when bitcoin cross $2000 and now people's dream come true. Can i ask Why you think that bitcoin come back?
If i wish bitcoin price come back only one reason that i want to buy a lot of bitcoins in a low price. Otherwise, definitely i will not like that bitcoin price come back.
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