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Author Topic: My opinion on bitcoin, what's yours?  (Read 455 times)
darkywis (OP)
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February 12, 2018, 01:45:16 PM
 #1

Bitcoin reach almost 20k last year and gone down to 6k this beginning of 2018. People are panicking because of some countries are banning bitcoin and so called experts causing a fuzz that bitcoin will not survive this. But guess what, every year bitcoin falls hard and shoots like a moon. I think we are lucky for this year because bitcoin started small and I believe it will pump hard at the end of the year.

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February 12, 2018, 03:44:33 PM
 #2

I have same opinion with you, we are lucky with this conditions, the price of cryptocurrency going down or going hight that's is normal thing, depending of us react and I think this is good time to buy Bitcoin, because bitcoin price will definitely go up in a few years later, so we can get the profit later when the price back to normal again, this is good for long investment.
For everyone who already buy bitcoin in hight price I sugest to hold it, don't do panic sell when you hear some country banned bitcoin, as we know bitcoin is bigest cryptocurrency in the world, so they will not lets bitcoin down for long time, they will looking for another way to make bitcoin price back to normal again. Thank you
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February 12, 2018, 04:02:50 PM
 #3

Bitcoin reach almost 20k last year and gone down to 6k this beginning of 2018. People are panicking because of some countries are banning bitcoin and so called experts causing a fuzz that bitcoin will not survive this. But guess what, every year bitcoin falls hard and shoots like a moon. I think we are lucky for this year because bitcoin started small and I believe it will pump hard at the end of the year.

dont forget it started from 0.008 $ in 2009 and touched 20k in 2017. Its currently showing strong resistance at 8k and hopes are it will go more up in days to come. dont panic just HODL if you have BTC

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February 12, 2018, 04:09:53 PM
 #4

In my opinion, btc should not be underestimated. I think the price will rise dramatically in the next few months as soon as the shock has been dealt with and the coin is stable again.
As you already wrote correctly, the same thing has happened in the last 4 years. The price then stabilized again in the later months and has increased considerably again.
So we can look forward to seeing how the price will develop this year.  Grin

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February 12, 2018, 04:24:45 PM
Last edit: February 12, 2018, 04:34:49 PM by Slark
 #5

Bitcoin reach almost 20k last year and gone down to 6k this beginning of 2018.
People panicked because of some random FUD - this is the reason price declined, but I gotta admit, this price spike has been too sudden IMO.
Some sort of correction meant to happen sooner or later.

People are panicking because of some countries are banning bitcoin and so-called experts causing a fuzz that bitcoin will not survive this.
Who is exactly banning bitcoin? Korea is fine with it, India said that they will monitor the situation of illegal use of BTC and Russia is insignificant here.

I think we are lucky for this year because bitcoin started small and I believe it will pump hard at the end of the year.
Historically, usually the beginning of the new year was bad for bitcoin, the price was always low, due to many reasons i.e. Chinese lunar year.
I believe this time will be exactly the same - just wait for it, BTW this is amazingly good time to actually buy more coins!
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February 12, 2018, 04:29:55 PM
 #6

In my opinion, btc should not be underestimated. I think the price will rise dramatically in the next few months as soon as the shock has been dealt with and the coin is stable again.
As you already wrote correctly, the same thing has happened in the last 4 years. The price then stabilized again in the later months and has increased considerably again.
So we can look forward to seeing how the price will develop this year.  Grin
The only thing that set bitcoins back are the investors who don’t know anything about it and are very quick to sell whenever they hear bad rumors about Bitcoin and this drops the value.
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February 12, 2018, 04:32:11 PM
 #7

Bitcoin reach almost 20k last year and gone down to 6k this beginning of 2018. People are panicking because of some countries are banning bitcoin and so called experts causing a fuzz that bitcoin will not survive this.

are events that contributed a lot to drop the price, but we have to see that some people in the crypto world are contributing so that certain governments do not like bitcoins and altcoins ... the amount of money that a scammer steals in an ICO is absurd. the scammers even steals more than $400,000, this is not little money and see this:

Mining Malware Tsunami Continues: ‘5000’ High-Profile UK Websites Hit By Tainted Plugin

and according to what I read:

IMF Chief Christine Lagarde Says International Crypto Regulation Is ‘Inevitable’ And Necessary

the problems will not end so soon, so I see that the price will not have the great increase that had last year



But guess what, every year bitcoin falls hard and shoots like a moon. I think we are lucky for this year because bitcoin started small and I believe it will pump hard at the end of the year.

We do not have news to boost the price



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February 12, 2018, 04:33:02 PM
 #8

i think its going down now but its very volatile.
if it can go down, it can definitely come up too.
so I'm definitely not loosing hope on bitcoin.
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February 12, 2018, 04:37:52 PM
 #9

Bitcoin reach almost 20k last year and gone down to 6k this beginning of 2018. People are panicking because of some countries are banning bitcoin and so called experts causing a fuzz that bitcoin will not survive this. But guess what, every year bitcoin falls hard and shoots like a moon. I think we are lucky for this year because bitcoin started small and I believe it will pump hard at the end of the year.

I agree with you in terms of that . I also believe that all of tge happenning today in bitcoin will not stop bitcoin from everything. Banning bitcoin in some countries may be on eof the factors why bitcoin dumps but will never be a reason for the failure of bitcoin. Botcoin will survive through all of this. Bitcoin price will surely increase after what happened and we just have to wait for that. We have the advantage because we invest when the price is still low.

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February 12, 2018, 04:39:45 PM
 #10

It looks like this year's fudd almost killed bitcoin,but here we are again,the price has started rising again.Do you think bitcoin will just die like that? Even in those countries that say they have banned bitcoin,am pretty sure that they have very prominent people at the very highest ranks that deal in bitcoin behind doors. Moreover,some people have completely dedicated the rest of their life to do only cryptocurrency trades,what will happen to these people when it ends? Bitcoin has come to stay forever,but even if it will die,not just within a single year or two,it will take even up to a decade to do that,which i believe will never happen.

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February 12, 2018, 04:44:44 PM
 #11

It will definitely raise to the top,it is true that no one can hold anyone mouth to speak and to make predictions,but for such predictions will fail,all of this are just out of jealousy   
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February 12, 2018, 04:45:23 PM
 #12

this is a seasonal event every year, where bitcoin prices fall into and glide up again, and this is a good chance for us all to buy bitcoins and survive for some time to make a big profit in selling bitcoins.
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February 12, 2018, 04:48:30 PM
 #13



We do not have news to boost the price



Yes for now we don't have an information that bitcoin prices will rise higher. But the day continues to change, it is not impossible in a few days or months that come there will be things that greatly affect the price of bitcoin will rise.
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February 12, 2018, 04:48:54 PM
 #14

This seems like a typical pattern - nothing too concerning.  At this rate, I expect 40K - 80K by year end.

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February 12, 2018, 04:54:49 PM
 #15

I also agree with you, if you see the growth of bitcoin 3 years back
almost every year bitcoin experiences this, and as a result, bitcoin can recover.
could even exceed the price of the year before, and I'm not worried about this, this is a common thing. just a matter of time
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February 12, 2018, 05:06:31 PM
 #16

i think its going down now but its very volatile.
if it can go down, it can definitely come up too.
so I'm definitely not loosing hope on bitcoin.
Bitcoin value is very unpredictable sometimes up and down. Bitcoin now is down but I'm optimistic that bitcoin rise again like rocketship up in the sky and give high profit to everyone..........

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February 12, 2018, 05:08:49 PM
 #17

Bitcoin has a scaling problem. SegWit failed to make that any better.

It also has a centralisation problem.

Given that it was the first, I imagine it will probably be replaced by something more sophisticated that can learn from its mistakes, like MySpace.
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February 12, 2018, 05:09:14 PM
 #18

Why do you believe that bitcoin prices will increase by the end of 2018? Experts also predict that bitcoin prices will increase $ 50,000 by the end of 2018. But this is uncertain. Unfounded. Currently, bitcoin adopting countries are adopting more stringent policies with the bitcoin market. India has banned the sale of bitcoin in the country. And according to my predictions in the future will be many countries to block the bitcoin transaction. As such, bitcoin prices will continue to fall.
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February 12, 2018, 05:12:20 PM
 #19

Bitcoin reach almost 20k last year and gone down to 6k this beginning of 2018. People are panicking because of some countries are banning bitcoin and so called experts causing a fuzz that bitcoin will not survive this. But guess what, every year bitcoin falls hard and shoots like a moon. I think we are lucky for this year because bitcoin started small and I believe it will pump hard at the end of the year.

I have the same opinion like yours, in additional of these falls is the FUD and bagging more of whales. Whales can put walls on bitcoin price if they want and once the price drop they can buy more and then sell high and put wall again to bring bitcoin down and buy again. this is the reality of bitcoin but once everything is fine again we can see bitcoin to rocket more. We have seen bitcoin to fall so many times and stand up flying. If you can't take the low fall then you can't be part ot the passenger seat once the rocket launch. Bitcoin has a low amount of supplies, but every day new people are coming to be involved with this phenomenal coin and the more bitcoin stays the more we get demands.
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February 12, 2018, 05:29:11 PM
 #20

I have the same opinion too. We are lucky that Bitcoin start small beginning of this year to allow us to buy more bitcoin before the run to end of 2018.
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