Bitcoin could loose 90% of its value

[dangwapo311]

If I have a dollar for everytime someone say that bitcoin will loose its value I would be rich right now. Many times these critics said that already but look at where bitcoin is now still going strong.

[BennyOnions]

This is the same as someone predicting that the price will be 100,000 in 2018.  Truth is no one knows.  BTC could help itself by fixing its transaction fees and transaction time issues.  Once that is fixed the obstacles are adoption and surviving through government regulations.  More and more regulations are coming. 

[Cryptoshops]

This is the same as someone predicting that the price will be 100,000 in 2018.  Truth is no one knows.  BTC could help itself by fixing its transaction fees and transaction time issues.  Once that is fixed the obstacles are adoption and surviving through government regulations.  More and more regulations are coming. 

Yep regulations are creeping in from all different countries now. Crypto will never really be decentralized as it is so fixed to Fiat money

If people cant sell it for Fiat money it becomes worthless

[Targusluxe]

Well again its just a pridiction there are also experts that predicts the bitcoin price will sky rocket. The only best thing we could do right now is hold and wait. Always set your cut loss so if the worst thing happen were ready. 

[tegarp90]

famous people keep againts bitcoin and said negatively about bitcoin. i'm sure someone pay them or themself want to buy his own bitcoin with low price

[tomahawk9]

I stopped reading after "Wall Street veteran".
Such statements shouldn't be taken seriously, not only because it comes from someone in Wall Street, someone who has no idea how the cryptocurrency market works, someone who is clearly trying to shake up the market, as well as trying to scare people off from Bitcoin, but because it is such an extreme view on the crypto market, it really makes no sensen at all.

Also, this "wall street veteran" only uses the word "bubble" to back up his predictions, how many times have we read the same old story? overall, this guy was probably forced to say this bullcrap to try to push the price down so that his wall street friends can buy the dip.

Oh, and what a surprise, the news comes from CNBC, one of the leading news networks when it comes to spreading clickbait FUD articles 24/7 about Bitcoin.

[hotcoin1234]

I totally agree to what he say bitcoin will lose 90% of its value, if you take a deeper look there are many different upcoming coins with better technology and stuff which will make bitcoin obsolete in the long run... the only few advantages to make it standing is some merchants only choose to accept bitcoin and this make them still in popularity and when bitcoin is not greatly supported by merchants the price will be down by a substantial amount i believe.

[rommelzkie]

FIAT has no value. it is only a paper printed with country heroes or anything.
If there is a war FIAT will be useless while Gold and digital currency will be more valuable.

Don't read the News because it only generates FUD and hides the true potential or truth about bitcoin.

 

[Roboabhishek]

Don't you think we have seen so many news like that before?  And I do think that this news is to panic the traders forcing them mentally to sell the coins before it goes to 1000-3000 K USD.
But the way he represented his thoughts in a technical way and was more convincing.

[zhuiyongliang8]

People have been saying this because bitcoin is in the public eye. It's not that he's saying it or it's not true, he doesn't know if it's going to happen. Because of recent Asian government attacks on bitcoin, bitcoin can actually relax 90 percent of its value.

[Yokonaumiyaki000]

That’s a “make me a hero” prediction. If it happens he’s the big hero. If it doesn’t happen no one will remember he said it. If they do remember he can just say it might take a little longer do to bla bla bla.

When people do this usually they're the one with ulterior motive. They'll be the first to hog the items. But in my opinion he may be partially right and partially wrong. Since bitcoin will eventually lose its value, but what contradicts it is that bitcoin always recover. And even pop its value.

[blueteam09]

Wall Street veteran Peter Boockvar warns that Bitcoin could loose 90% of its value

Wall Street veteran Peter Boockvar predicts an epic crash will hit the cryptocurrency market.

He isn't sure if it'll come to a grinding halt or be a slow and steady drop — but he says it's coming.

Boockvar, chief investment officer at Bleakley Advisory Group, is certain crypto is in a giant bubble, and the air is already coming out.

"When something goes parabolic like this has, it typically ends up to where that parabola began," he said on CNBC's "Futures Now."

Boockvar, a CNBC contributor, contends bitcoin is in danger of dropping 90 percent from current levels. He calls it a classic bubble.

"I wouldn't be surprised if over the next year it's down to $1,000 to $3,000," he added.

Once the cryptocurrency market cracks, he contends, investor attitudes toward risk assets will change. According to Boockvar, the stock market could see collateral damage, but it would all be based on psychology — not on anything that's fundamentally wrong with the economy.

https://www.cnbc.com/2018/01/19/bitcoin-could-lose-90-percent-of-its-value-wall-st-veteran-boockvar-warns.html

I do not think Bitcoin can lose 90% of its value because many investors are trying to stifle its, so movement that does not mean it will drop to 90%. Many whales are trying to create bad news about Bitcoin that scare Bitcoiner and sell it for a price dump. They can take advantage of this fear to make a profit.

[Sall-Mo]

Hope these forecasts will not come true, if Bitcoin releases 90% of the value, then it will greatly hit the confidence of investors, resulting in long-term downturn in the BTC.This is a serious blow to BTC and cryptocurrency.

[bisnisali01]

Something that will not perish without a clear cause. Which determines the bitcoin price is down or not it is we who determine it, if we use well then bitcoin will be glorious, if we stay bitcoin then bitcoin price will also fall.

[WalkinRobbie]

NEVER NEVER NEVER,  I mean even if it did drop to 1k,  it would only last a few minutes, as everyone would be buying it up,  WE have all seen dec, and those of us who didnt benefit from it,  want to get on that up ride.   

[yluna88]

Another lame attempt at creating FUD and panic selling. Whales are waiting to swallow the disposed BTCs  

[Dapper]

Why do people keep trying to make 'whales' the enemy?   Whales just do what they do.   Plankton just do what they do.

[jseverson]

I saw this on another thread and it's just so relevant:

https://99bitcoins.com/bitcoinobituaries/

Basically, various experts on the subject has incorrectly predicted that Bitcoin is dead or dying a whopping 245 times. It's certainly possible for Bitcoin to lose 90% of its value, the same way its value could easily double, but Peter Boockvar doesn't really add anything new to the table. You'd think they'd be more conservative in declaring Bitcoin's death by now, but whatever. They're free to believe what they want to believe anyway.

[First77]

Bitcoin, altcoin, dogecoin, oilcoin and many more.. crypto currencies are giant HYIPs (High yield investment programs)

[Ilegendph]

This is might actually happen because of regulations of existing cryptocurrency and banning of ICOs in every country. But it is always on the hands of the investors if they will make the market go up and down since they are the direct influencer of it.