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freightjoe (OP)
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November 20, 2017, 09:00:16 AM |
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Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) when the bubble bursts:
- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.
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Mi5h0
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November 20, 2017, 09:08:48 AM |
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Kind of stupid speculations without any arguments. You'd better get out right now while you still can!  |
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freightjoe (OP)
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November 20, 2017, 09:10:41 AM |
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Kind of stupid speculations without any arguments. You'd better get out right now while you still can! Seems you are gonna be one of the ones with your savings being lost. Good luck with that. |
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Mi5h0
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November 20, 2017, 02:07:44 PM |
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Kind of stupid speculations without any arguments. You'd better get out right now while you still can! Seems you are gonna be one of the ones with your savings being lost. Good luck with that. Maybe I will be. That's not your problem  But, your spamming the forum will not save anyone from that path, that's for sure. |
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p3ppymon
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November 20, 2017, 02:17:32 PM |
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Kind of stupid speculations without any arguments. You'd better get out right now while you still can! Seems you are gonna be one of the ones with your savings being lost. Good luck with that. Maybe I will be. That's not your problem But, your spamming the forum will not save anyone from that path, that's for sure. Perhaps, the only spam in the forum is your one. Op, you listed a few very true points (miners fee, tx costs...) but lack of support and reference for many other points (sharp drop - do you know when? Please clarify, game over???). I'd suggest to do better reviews supported by links and news rather than fire blindly some silly speculative speeches which are senseless. |
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freightjoe (OP)
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November 20, 2017, 02:23:22 PM |
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you listed a few very true points (miners fee, tx costs...) but lack of support and reference for many other points (sharp drop - do you know when? Please clarify, game over???).
I'd suggest to do better reviews supported by links and news rather than fire blindly some silly speculative speeches which are senseless.
The drop will come, everyone knows that. Right now market dynamic is purely driven by greed and everyone thinking that they can sell at the top. But that is not possible, because when the turn happens there will not be the transaction capacity to do all those trades - and then, as I have laid out, many will be left with frozen Bitcoin that cannot profitably be converted back into fiat |
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Mi5h0
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November 20, 2017, 04:56:47 PM |
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Kind of stupid speculations without any arguments. You'd better get out right now while you still can! Seems you are gonna be one of the ones with your savings being lost. Good luck with that. Maybe I will be. That's not your problem But, your spamming the forum will not save anyone from that path, that's for sure. Perhaps, the only spam in the forum is your one. Seriously? Please give me at least one example where my posts can be considered as spam? Read the forum rules and research a bit before you accuse someone without arguments. Op has literally published identical post on a dozen different threads and that IS SPAM. |
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scottykarate
Member
 Offline
Activity: 70
Merit: 10
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November 21, 2017, 04:09:44 PM |
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Kind of stupid speculations without any arguments. You'd better get out right now while you still can! Seems you are gonna be one of the ones with your savings being lost. Good luck with that. Maybe I will be. That's not your problem But, your spamming the forum will not save anyone from that path, that's for sure. Perhaps, the only spam in the forum is your one. Seriously? Please give me at least one example where my posts can be considered as spam? Read the forum rules and research a bit before you accuse someone without arguments. Op has literally published identical post on a dozen different threads and that IS SPAM. Completely and utterly agree. Spammer and FUD. Nothing else. Nothing but regurgitation and probably a shill for something. |
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Siren
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November 21, 2017, 04:18:30 PM
Last edit: November 24, 2017, 01:54:32 AM by Siren |
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Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) when the bubble bursts:
- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.
Too early to create another FUD here. It this is another start of bitcoin cash proponents because they are envy that the bitcoin price is skyrocketing? LOL, you have your time, but you didn't succeed, its time you give up. While you type your long post, bitcoin is reaching $8300. As I have said, instead of writing this long post with all your effort, just buy bitcoin now because $10000 is the next test. |
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_Dawid_
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November 21, 2017, 04:25:09 PM |
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I can't agree with you, but i also cann't say that we haven't got a bubble currently. Why? Because I see both sides and it is very hard to say at the moment how will it end? Some ideas and visions are very usefull and blockchain technology introduce many good things in such projects. But the current price seems to be very high. But crypto is unique investment, and as usual investment = risk, more profits higer risk. Everyone should be aware of this. So we should not reject neither crypto success nor crypto defeat.(everyone should know why(if not read some articles from different sources)).
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reflector
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November 21, 2017, 05:04:57 PM |
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I do not know why you here to troll the bitcoin users and investors. If you want to make any shit posts you can find the many off topic in many sections like economics, btc discussion and off topic section.
You may find the people like mexxer who can debate the bitcoin related queries.
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Kronos21
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November 21, 2017, 05:22:10 PM |
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Why leave the game which brings a steady income? No it is not profitable. What happens if bitcoin starts to take such shopping sites as Amazon or Aliexpress? Bitcoin will start to stimulate the release of the goods and it is impact on the economy. You talked about the Apocalypse if bitcoin will be used only for retention.
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mrcash02
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November 21, 2017, 05:39:17 PM |
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To complete this fail prediction you should have added at the end: "- People move their funds to Bitcoin Cash".  Your prediction can happen or not, the possibility always exist, we need to be aware about all scenarios, but at this moment this is very unlikely to happen... If Bitcoin start losing price as you say people will buy more and keep holding, then the price will increase again. It's a visible chance of profit and investors, especially big ones aren't fools to lose opportunities like that. |
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freightjoe (OP)
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November 21, 2017, 05:58:40 PM |
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I do not know why you here to troll the bitcoin users and investors. If you want to make any shit posts you can find the many off topic in many sections like economics, btc discussion and off topic section.
You may find the people like mexxer who can debate the bitcoin related queries.
A typical sign just before a bubble bursts. People who are invested become increasingly emotional and angry because deep down they know they are about to lose, but they cannot admit it to themselves because they cannot accept they have made a mistake. |
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scottykarate
Member
Offline
Activity: 70
Merit: 10
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November 21, 2017, 06:04:01 PM |
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I do not know why you here to troll the bitcoin users and investors. If you want to make any shit posts you can find the many off topic in many sections like economics, btc discussion and off topic section.
You may find the people like mexxer who can debate the bitcoin related queries.
A typical sign just before a bubble bursts. People who are invested become increasingly emotional and angry because deep down they know they are about to lose, but they cannot admit it to themselves because they cannot accept they have made a mistake. Boy, you like to cherry pick and dance around legit questions, don't you? What a tool...lol. Why haven't you answered my thread? Prove you're not a shill and spread the wealth of your knowledge to the altcoin forums as i've repeatedly asked you to do. |
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Mi5h0
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November 21, 2017, 06:21:04 PM |
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I do not know why you here to troll the bitcoin users and investors. If you want to make any shit posts you can find the many off topic in many sections like economics, btc discussion and off topic section.
You may find the people like mexxer who can debate the bitcoin related queries.
A typical sign just before a bubble bursts. People who are invested become increasingly emotional and angry because deep down they know they are about to lose, but they cannot admit it to themselves because they cannot accept they have made a mistake. So i'm asking again, what is your deal?! |
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Iranus
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November 21, 2017, 07:58:59 PM |
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- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
This is where your post went wrong. You started off with at least a hint of logic there, and it was perfectly plausible for those previous events to happen. However, by this point you're relying on the misunderstanding that miners "charge" users for transactions. The transaction fees are determined by the amount of demand that users have. If users are only willing to pay 0.00001 BTC in transaction fees, that's what happens. If users wanted to pay less, miners would simply lose revenue. - Nobody want to buy into Bitcoin because of the very high transaction fees
This is relying on the false premise from your previous point. Also, if there is less demand like you are suggesting, the transaction fees which users are willing to pay decrease, so logically it would go the opposite way to what you're suggesting. |
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freightjoe (OP)
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November 22, 2017, 05:57:45 AM |
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Why leave the game which brings a steady income?
So your plan is to go to the casino and bet everything on red. And when you have won 5 times in a row, you actually believe that betting on red is a solid strategy that will bring you steady income??? |
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freightjoe (OP)
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November 22, 2017, 06:32:26 AM |
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I do not know why you here to troll the bitcoin users and investors. If you want to make any shit posts you can find the many off topic in many sections like economics, btc discussion and off topic section.
You may find the people like mexxer who can debate the bitcoin related queries.
A typical sign just before a bubble bursts. People who are invested become increasingly emotional and angry because deep down they know they are about to lose, but they cannot admit it to themselves because they cannot accept they have made a mistake. What a tool. Yes indeed. Psychological models are indeed good tools to understand the dynamics of a bubble. Thank you for agreeing with me on that |
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james23
Newbie
Offline
Activity: 126
Merit: 0
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January 07, 2018, 09:22:55 AM |
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Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) when the bubble bursts:
- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.
You have a better development using bitcoin because bitcoin development your life and future |
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