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Author Topic: January 31st, the Downfall of Bitcoin  (Read 12717 times)
BurtW
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January 26, 2014, 08:35:52 PM
 #21

THANKS!!!  Based on your post I just sold all my BTC.  I sure hope you are right.  If not, I am sure going to be pissed at you.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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January 26, 2014, 08:42:22 PM
 #22

bitcoinlitcoinbtcltc, I agree with your analysis, and I'm grateful for your service.  I have confirmed you as a verified and trustworthy bad news source.  

Also, please contribute to the confirmed bad news thread, so people can see all the confirmed bad news in one place.  Thank you, again.


I think it will go down to around $350-400 like the last crash. Maybe even a little bit lower.

Remember people, last year it crashed from 266 to 50. It went down 82%.
It could go down to $150 just as easily (same percentage).

because it went down EXACTLY 82% it WILL go down EXACTLY 82% from last ATH, so clearly anyone buying over (.18xATH) is doomed. also, in this scientific and prooven maths formula WILL hold true on all future price gains, forever, unchangingly.

if price falls only 20%, 30% hell even 80%, we have not seen the bottem. 82% is the ticket people...

even Jesus Christ told of the powers of the 82%, because he lost 82% of his weight after dying, only to return to All Time Highs in heaven (da moon)
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January 26, 2014, 08:48:39 PM
 #23

Poor bitcoin, it downfailed so many times Sad

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January 26, 2014, 08:53:10 PM
 #24

Thanks Op for your input

but methinks you trying to hard to be serious Grin
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January 26, 2014, 08:56:05 PM
 #25

THANKS!!!  Based on your post I just sold all my BTC.  I sure hope you are right.  If not, I am sure going to be pissed at you.
Not to worry.  I'm sure he will stand by his words and guarantee to make you whole for any future rise in bitcoin above the current price.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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January 26, 2014, 09:01:16 PM
 #26

price will explode after 31. because nothing will happen in china.


Before 31. , some manipulators like this will try to crash the price.


very interesting days incoming.
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January 26, 2014, 09:03:02 PM
 #27

Quote
Remember people, last year it crashed from 266 to 50. It went down 82%.
And i thought it went form $13.55 to $815 last year, ah well...

Quote
Insert Quote
price will explode after 31. because nothing will happen in china.
Before 31. , some manipulators like this will try to crash the price.
very interesting days incoming.
+1
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January 26, 2014, 09:28:47 PM
 #28

January 31st, the Downfall of Bitcoin
On January 31st, a new law will be effective in China: third party Bitcoin payment processors will no longer be allowed to trade bitcoins. This means that the Chinese can no longer trade-in their bitcoins for fiat money (regular currency), or withdraw their money from the crypto-currency exchanges.

'Bitcoin' was a fun ride, and many people have made a nice profit out of crypto-currencies, but this will come to an end. Governments and established banks will not allow this threat to spread.

Overstock & TigerDirect have started accepting bitcoin. But is this really great news, or relevant to the value/adaption of bitcoin? These companies will probably sell their bitcoins as soon as there is a sign of a major threat. They will leave the small traders and miners out in the cold with their worthless bitcoins.

Let's say this is not about a law implemented by the Chinese government, but a law enforced by the European Union. After January 31st, crypto-currency exchanges in Europe are no longer allowed to deal in bitcoins. After this date, traders can not withdraw their money from European exchanges anymore.

The question we must ask ourselves is: What will the majority of the traders do on, or before January 31st? Will they sit tight and hold on to their bitcoins, or will they trade-in their bitcoins before everyone else does?

One can dream about the possibilities and future value of bitcoins, but these will remain dreams. The reality tells us that after January 31st, bitcoins and fiat money in Chinese exchanges will be as valuable as Monopoly money.

Read more at http://www.liveleak.com/view?i=21a_1390679748#qDSE3sRb5T4ElVDH.99



Gotta say: troll. Ignore.
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January 26, 2014, 09:38:49 PM
 #29

January 31st, the Downfall of Bitcoin
On January 31st, a new law will be effective in China: third party Bitcoin payment processors will no longer be allowed to trade bitcoins. This means that the Chinese can no longer trade-in their bitcoins for fiat money (regular currency), or withdraw their money from the crypto-currency exchanges.

'Bitcoin' was a fun ride, and many people have made a nice profit out of crypto-currencies, but this will come to an end. Governments and established banks will not allow this threat to spread.

Overstock & TigerDirect have started accepting bitcoin. But is this really great news, or relevant to the value/adaption of bitcoin? These companies will probably sell their bitcoins as soon as there is a sign of a major threat. They will leave the small traders and miners out in the cold with their worthless bitcoins.

Let's say this is not about a law implemented by the Chinese government, but a law enforced by the European Union. After January 31st, crypto-currency exchanges in Europe are no longer allowed to deal in bitcoins. After this date, traders can not withdraw their money from European exchanges anymore.

The question we must ask ourselves is: What will the majority of the traders do on, or before January 31st? Will they sit tight and hold on to their bitcoins, or will they trade-in their bitcoins before everyone else does?

One can dream about the possibilities and future value of bitcoins, but these will remain dreams. The reality tells us that after January 31st, bitcoins and fiat money in Chinese exchanges will be as valuable as Monopoly money.

Read more at http://www.liveleak.com/view?i=21a_1390679748#qDSE3sRb5T4ElVDH.99



Gotta say: troll. Ignore.

If you ignore him, it will be at your financial peril, bitcoin has already failed, as we have confirmed.  I can confirm everything he says and verify him as a trustworthy source. 

Bitcoin Fact: the price of bitcoin will not be greater than $20k for more than 30 consecutive days at any point in the next 5 years
theonewhowaskazu
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January 26, 2014, 09:41:16 PM
 #30

I think this will be sort of interesting.

Can China, one of the most organized central governments who gives the fewest fucks about what its citizens think & what is politically correct, screw over exchanges so badly it prevents most people from buying BTC? If so, the EU & US might have a chance.

But if China can't do it, it seems unlikely that the less-stronghanded governments in the west will do it.

bitcoinlitcoinbtcltc (OP)
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January 26, 2014, 09:42:53 PM
 #31

Bitcoin's final days!

Countdown has already begun!

We are the true voice of the people, but our voice is being oppressed by the bitcoin extremists & the pro-bitcoin propaganda being spread by the Bitcoin Foundation owned media!

We are trying to prevent you from losing money!

SELL YOUR BITCOINS BEFORE THE CRYING HAS BEGUN!
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January 26, 2014, 09:44:09 PM
 #32

Quote
If you ignore him, it will be at your financial peril, bitcoin has already failed, as we have confirmed.  I can confirm everything he says and verify him as a trustworthy source.
You mean u trust yourself  Grin Grin
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January 26, 2014, 09:46:08 PM
 #33

Quote
If you ignore him, it will be at your financial peril, bitcoin has already failed, as we have confirmed.  I can confirm everything he says and verify him as a trustworthy source.
You mean u trust yourself  Grin Grin

Yes.  I have already confirmed myself as a verified source.  You can check my record in the newschain.

Bitcoin Fact: the price of bitcoin will not be greater than $20k for more than 30 consecutive days at any point in the next 5 years
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January 26, 2014, 09:46:46 PM
 #34

Gosh. Will you save me? I think I need to be held right now after reading that.

+1 love it!
 Cheesy

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January 26, 2014, 09:52:43 PM
 #35

A little more rope... He's nearly there Smiley
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January 26, 2014, 09:53:09 PM
 #36

this is a good laugh... Cheesy yesterday had same sort conversation with one friend who has knowledge about bitcoin like pig about clouds... Cheesy same as OP...
bitcoinlitcoinbtcltc (OP)
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January 26, 2014, 10:19:02 PM
 #37


I advice everyone to listen to Vivaldi's 'Four Seasons'.
During the last crash, when I was stubborn and holded my coins, simply because other people told me that was the best thing to do, I lost over $18,000 USD in a matter of hours. The price of bitcoins, or other crypto-currencies, has not recovered since. I needed to calm down. I seriously almost flushed my hamster down the toilet. I feel really bad for even thinking about it. But when I was a kid, my psychiatrist advised my parents to buy me a violin, and to introduce me to classical music, just to calm me down. It really helps. Vivaldi's 'Four Seasons' is one of my most favorite pieces.

Here is a link to this masterpiece. It is true art. Embrace it. Love it. Live it.

http://www.youtube.com/watch?v=GRxofEmo3HA
BurtW
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January 26, 2014, 10:36:05 PM
 #38

... the pro-bitcoin propaganda being spread by the Bitcoin Foundation owned media!
Thanks.  You made my day with that one.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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January 26, 2014, 11:38:55 PM
 #39

Yeah, there might be some bargains on the 31st, but there are lots of things happening in china on the 31st, such as http://money.cnn.com/2014/01/24/investing/icbc-china-default/

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January 27, 2014, 03:13:29 AM
 #40


I've got news for you: 85% of bitcoin users are nerds. They are loners and will avoid any form of conflict in real life. When the governments of their countries start imposing strict laws against bitcoins, they will cash out as soon as possible. Because that's who and how they are; ''law abiding citizens.''

Your misinformation is astounding.  Listen sometime to what Andreas Anotonopoulos has said about his experiences in 3rd world countries, south america, et al, and the revolutionary role Bitcoin is about to play in places where the vast majority of individuals are unbanked, underbanked, or oppressed by corrupt governments.  While Bitcoin may be a neat new payment method in the USA, its becoming matter of life and death to many people around the world.  Those individuals who get dragged out of their homes and tortured for supporting things like Bitcoin.  And yet they still do it.  You truly don't have any idea what is going on around the world right now pertaining to Bitcoin, and what types of people are beginning to look to it for salvation from poverty and oppression.

Quote
I have more news for you: bitcoin might be backed by 'its limited supply', but do you know what is backing the USD?
This is what backs the USD, Yuan, and other powerful currencies:

Here's some more news for you:   The United States and China are not the only countries in the world.

-B-

Bitcoin's true purpose defined in Satoshi's message on the Genesis Block:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
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