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Author Topic: Bitcoin Will Crash Below $3000.  (Read 3547 times)
thinair (OP)
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November 13, 2017, 10:01:14 AM
 #1

Bitcoin Must Crash - $7500 Is The Peak
https://bitcointalk.org/index.php?topic=2380173.0

12 Nov 06:00 - $5600
12 Nov 22:00 - $5680

The market tested the lows within 16 hr. The market is now at around $6350.
   
   
For those who are in profit, locking in the profit is safe.
   For those who are not yet in bitcoin, at the least wait for a month.
   Wait.   
Those who talk about bitcoin going to $10,000 by Christmas is just fantasizing - from pure unadulterated greed.
   It is pure greed believing bitcoin will go to $10,000 by year's end.
Why should bitcoin be worth $10,000? They believe in the talks by the propaganda about how bitcoin is the currency of the future...banks and governments cannot touch bitcoin and therefore there is no way it goes but UP...
   
All time is the correct time buying into bitcoin.
But they forget that bitcoin cannot be a currency, but only as a medium of speculation.
   
Bitcoin's only worth is as a medium of speculation for transfer of wealth from the bottom 95% to the top 5%.
I will not repeat my arguments as I have already explained in my other posts that bitcoin will never bring any real economic benefits to the world.
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November 13, 2017, 10:30:56 AM
 #2

Bitcoin is now doing $6300. It will test $5000 very soon.
   
It is all about buy low, sell high.
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November 13, 2017, 10:41:21 AM
 #3

Very unlikely after the double-bottom at $5700 or alike.

intentionally left blank
Ingoats
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November 13, 2017, 10:42:42 AM
 #4

Bitcoin Must Crash - $7500 Is The Peak
https://bitcointalk.org/index.php?topic=2380173.0

12 Nov 06:00 - $5600
12 Nov 22:00 - $5680

The market tested the lows within 16 hr. The market is now at around $6350.
   
   
For those who are in profit, locking in the profit is safe.
   For those who are not yet in bitcoin, at the least wait for a month.
   Wait.  
Those who talk about bitcoin going to $10,000 by Christmas is just fantasizing - from pure unadulterated greed.
   It is pure greed believing bitcoin will go to $10,000 by year's end.
Why should bitcoin be worth $10,000? They believe in the talks by the propaganda about how bitcoin is the currency of the future...banks and governments cannot touch bitcoin and therefore there is no way it goes but UP...
   
All time is the correct time buying into bitcoin.
But they forget that bitcoin cannot be a currency, but only as a medium of speculation.
   
Bitcoin's only worth is as a medium of speculation for transfer of wealth from the bottom 95% to the top 5%.
I will not repeat my arguments as I have already explained in my other posts that bitcoin will never bring any real economic benefits to the world.

I highly doubt. Bitcoin's market value is probably falling because the segwit2x was cancelled. But at this moment, it is now again climbing its way up. So for its value to fall as that low, I think it is quite impossible.Bitcoin is now priced at 6300$ that is currently rising, from a value recently of 7400$. I don't know, but i do believe that it won't fall that much.
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November 13, 2017, 12:45:05 PM
 #5

I doubt in that. To something like that really happen wheals should to sell the biggest part of their founds, but for now everybody addicted with collecting of coins, cause of prediction about the price are really sky breaking.
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November 13, 2017, 01:48:47 PM
 #6

Nope, it doesn't look like BTC will crash to and below 3000 USD.  And it's really looking like a lot crypto noobs panic sold, when they should be panic buying.  Cheesy

When it comes to Bitcoin, it's a different ball game.  The best strategy for it is the Bizzaro Trading Guide.

R


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thinair (OP)
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November 13, 2017, 02:03:06 PM
 #7

Nope, it doesn't look like BTC will crash to and below 3000 USD.  And it's really looking like a lot crypto noobs panic sold, when they should be panic buying.  Cheesy

When it comes to Bitcoin, it's a different ball game.  The best strategy for it is the Bizzaro Trading Guide.

Bitcoin is now at $6700 back from $5680.

12 Nov 23:00 -  $5680
13 Nov 13:00 -  $6700

Steep rise within 14 hr. This is again an exponential rise that can only come from pumping from very large players - including the exchanges themselves which have complete ease to buy and sell.
   The current rate of rise or pumping is the fasted rate in all recent history!
   The fall will be as fast as its rise.   
   
Ordinary demands cannot push bitcoin up at this rate. This round of pumping will have to stop very soon as there won't be enough of first time buyers waiting to get into bitcoins. Those wanting to transfer bitcoins to the exchanges to sell would find it very difficult because of bitcoin's very large pool of unconfirmed transactions.

I cannot understand where "panic" buying can come from. Roll Eyes

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November 13, 2017, 02:38:13 PM
 #8

Nope, it doesn't look like BTC will crash to and below 3000 USD.  And it's really looking like a lot crypto noobs panic sold, when they should be panic buying.  Cheesy

When it comes to Bitcoin, it's a different ball game.  The best strategy for it is the Bizzaro Trading Guide.

$ 3,000 seems very difficult, but I think Bitcoin can go for $ 4,500. Bitcoin Cash and Bitcoin Gold will now begin to compete with Bitcoin. If segwit had taken place, Bitcoin could be between $ 3,500- $ 4,500.

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November 13, 2017, 02:51:37 PM
 #9

You shouldn't look only on the legacy chain bitcoin
I think that bitcoin price at the long run should be all it's forks combined+ the legacy chain token prices.

Which means that if in 2 years cash will be worth 4000$, gold will be worth 1000$ and legacy bitcoin will be worth 10000$, it's not like bitcoin worth 10000$, because if you were buying this year you would be getting all those tokens, so your bitcoin actually worth 15000$, so if you bought it this year for 5000$, you made 200% profit, and not 100%
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November 13, 2017, 02:56:55 PM
 #10

Nope, it doesn't look like BTC will crash to and below 3000 USD.  And it's really looking like a lot crypto noobs panic sold, when they should be panic buying.  Cheesy

When it comes to Bitcoin, it's a different ball game.  The best strategy for it is the Bizzaro Trading Guide.

$ 3,000 seems very difficult, but I think Bitcoin can go for $ 4,500. Bitcoin Cash and Bitcoin Gold will now begin to compete with Bitcoin. If segwit had taken place, Bitcoin could be between $ 3,500- $ 4,500.
Not only difficult but that was just another bullshit. There is no real competitor to the bitcoin. bitcoin cash comes with its difficulty adjustment to steal the bitcoin miner's interest. And the bitcoin gold was coming with its pre-mined token for the developer worth over $30 million dollars. Both should be considered as a crap coin. Segwit already happened and what do you mean about the last sentences?
This time the more panic sells just created by FUD.

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November 13, 2017, 03:00:51 PM
 #11

I don't think that $7500 is the Peak. It's not like Bitcoin is collapsing
the segwit2x was cancelled making miners comes with Bitcoin cash, this speculators to reduce holdings Bitcoin and move from Bitcoin to Bitcoin cash

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November 13, 2017, 03:02:42 PM
 #12

Nope, it doesn't look like BTC will crash to and below 3000 USD.  And it's really looking like a lot crypto noobs panic sold, when they should be panic buying.  Cheesy

When it comes to Bitcoin, it's a different ball game.  The best strategy for it is the Bizzaro Trading Guide.

$ 3,000 seems very difficult, but I think Bitcoin can go for $ 4,500. Bitcoin Cash and Bitcoin Gold will now begin to compete with Bitcoin. If segwit had taken place, Bitcoin could be between $ 3,500- $ 4,500.
Not only difficult but that was just another bullshit. There is no real competitor to the bitcoin. bitcoin cash comes with its difficulty adjustment to steal the bitcoin miner's interest. And the bitcoin gold was coming with its pre-mined token for the developer worth over $30 million dollars. Both should be considered as a crap coin. Segwit already happened and what do you mean about the last sentences?
This time the more panic sells just created by FUD.
Bitcoin at $10,000 is only a self-delusion - the logic is inconsistent.

Bitcoin is all about buy-low sell-high - nothing about buying bitcoin (viz other crypto) for its "especial" value and to HODL. Buying bitcoin now to hold and handing them over to your grandsons is not an investment strategy!

You must have bought at lows before you could sell at high. Come bitcoin $10,000.

Why should there be such buyers for bitcoin at $10,000 when you yourself are already off loading.

This logical inconsistency means there never will be a bitcoin $10,000 - there is no bitcoin $10,000 to celebrate this Christmas. Only gloom for those invested in bitcoin above $6000.
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November 13, 2017, 03:33:17 PM
 #13

What are the chances that bitcoin can stabilize above 5k in the near term? If it can stay above these levels, should never return to below 3k levels...
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November 13, 2017, 03:36:03 PM
 #14

Bitcoin Must Crash - $7500 Is The Peak
https://bitcointalk.org/index.php?topic=2380173.0

12 Nov 06:00 - $5600
12 Nov 22:00 - $5680

The market tested the lows within 16 hr. The market is now at around $6350.
   
   
For those who are in profit, locking in the profit is safe.
   For those who are not yet in bitcoin, at the least wait for a month.
   Wait.   
Those who talk about bitcoin going to $10,000 by Christmas is just fantasizing - from pure unadulterated greed.
   It is pure greed believing bitcoin will go to $10,000 by year's end.
Why should bitcoin be worth $10,000? They believe in the talks by the propaganda about how bitcoin is the currency of the future...banks and governments cannot touch bitcoin and therefore there is no way it goes but UP...
   
All time is the correct time buying into bitcoin.
But they forget that bitcoin cannot be a currency, but only as a medium of speculation.
   
Bitcoin's only worth is as a medium of speculation for transfer of wealth from the bottom 95% to the top 5%.
I will not repeat my arguments as I have already explained in my other posts that bitcoin will never bring any real economic benefits to the world.


And it is very clear that a newbie here knows much about this, and has the ability to predict the price of bitcoin without any knowledge about this at all.

Why are you even bothering us, when you don't think bitcoin has a future?
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November 13, 2017, 03:54:49 PM
 #15

Bitcoin Must Crash - $7500 Is The Peak
https://bitcointalk.org/index.php?topic=2380173.0

12 Nov 06:00 - $5600
12 Nov 22:00 - $5680

The market tested the lows within 16 hr. The market is now at around $6350.
   
   
For those who are in profit, locking in the profit is safe.
   For those who are not yet in bitcoin, at the least wait for a month.
   Wait.   
Those who talk about bitcoin going to $10,000 by Christmas is just fantasizing - from pure unadulterated greed.
   It is pure greed believing bitcoin will go to $10,000 by year's end.
Why should bitcoin be worth $10,000? They believe in the talks by the propaganda about how bitcoin is the currency of the future...banks and governments cannot touch bitcoin and therefore there is no way it goes but UP...
   
All time is the correct time buying into bitcoin.
But they forget that bitcoin cannot be a currency, but only as a medium of speculation.
   
Bitcoin's only worth is as a medium of speculation for transfer of wealth from the bottom 95% to the top 5%.
I will not repeat my arguments as I have already explained in my other posts that bitcoin will never bring any real economic benefits to the world.


And it is very clear that a newbie here knows much about this, and has the ability to predict the price of bitcoin without any knowledge about this at all.

Why are you even bothering us, when you don't think bitcoin has a future?
Honestly, do you have a degree in economics or finance?

The US Federal Reserve Bank - the Fed - is the central bank for the US dollar monetary system.

Honestly, do you know how a fractional reserve banking system works ?

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November 13, 2017, 03:58:40 PM
Last edit: November 13, 2017, 05:14:33 PM by Denker
 #16

We will see what's going to happen. But I feel you're uber bearish here.
However that's your opinion and I can accept that. Market will fight it out and then we will know what the bottom is.
No reason to freak out or panic. Imo we are going to 5 digits next year anyway.
If you're in for the long hold don't worry and just ignore all the drama.Sit it out.
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November 13, 2017, 03:59:31 PM
 #17

Nope, it doesn't look like BTC will crash to and below 3000 USD.  And it's really looking like a lot crypto noobs panic sold, when they should be panic buying.  Cheesy

When it comes to Bitcoin, it's a different ball game.  The best strategy for it is the Bizzaro Trading Guide.

Bitcoin is now at $6700 back from $5680.

12 Nov 23:00 -  $5680
13 Nov 13:00 -  $6700

Steep rise within 14 hr. This is again an exponential rise that can only come from pumping from very large players - including the exchanges themselves which have complete ease to buy and sell.
   The current rate of rise or pumping is the fasted rate in all recent history!
   The fall will be as fast as its rise.   
   
Ordinary demands cannot push bitcoin up at this rate. This round of pumping will have to stop very soon as there won't be enough of first time buyers waiting to get into bitcoins. Those wanting to transfer bitcoins to the exchanges to sell would find it very difficult because of bitcoin's very large pool of unconfirmed transactions.

I cannot understand where "panic" buying can come from. Roll Eyes



As i have know bitcoin is back at recovering. People who are saying that bitcoin will fall to 3k are the people who don't know that bitcoin actually is. Bitcoin gets nowdays a lot of support.

Bitcoin would no way fall very hard below 3k. Have you guys not seen the potential ? I knew bitcoin would be back my brother was also saying this.
Rickirs
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November 13, 2017, 04:02:11 PM
 #18


Bitcoin at $10,000 is only a self-delusion - the logic is inconsistent.

Bitcoin is all about buy-low sell-high - nothing about buying bitcoin (viz other crypto) for its "especial" value and to HODL. Buying bitcoin now to hold and handing them over to your grandsons is not an investment strategy!

You must have bought at lows before you could sell at high. Come bitcoin $10,000.

Why should there be such buyers for bitcoin at $10,000 when you yourself are already off loading.

This logical inconsistency means there never will be a bitcoin $10,000 - there is no bitcoin $10,000 to celebrate this Christmas. Only gloom for those invested in bitcoin above $6000.


You came up with some nice simple logics point is that , there will be always buyers, if it touches 10k, then there will be speculation of touching 15K, as long as there are speculations, there will be buyers Smiley
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November 13, 2017, 04:10:18 PM
 #19

What are the chances that bitcoin can stabilize above 5k in the near term? If it can stay above these levels, should never return to below 3k levels...
You have to bear in mind that bitcoin now is all gambling. Ask yourself what your chances are against shrewd professional gamblers. The prices before they started to pump up the market was $600. Those very rich funds know how to acquire things at lows and then push them up sky-high - as with the current $7500 peak.

The lows they acquired their large holdings may be around $1000. At any price above $1000, they make a profit. So the actual bottom may well be below $5000.
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November 13, 2017, 04:12:05 PM
 #20

$3000 is way down already, its going to be a big disappointment if it goes that low. i'd lose faith to all these crypto whenever this happen. right now $5k is already cheap for someone who wants to get into. so the moment it will start to touch $5k, people will soon be buying which is why it can't go down that low.

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