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Author Topic: Bitcoin in going down, is it bad...?  (Read 3424 times)
JohnBitCo
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November 12, 2018, 10:17:45 AM
 #421

Oh, so you manage to get in the rocket. Bought at $3k then sold at $17k, so you only waited not more than a year if i'm not mistaken. You should understand that we won't going to have a new ATH yearly especially the current ATH is quite high. If it will take more than 2 years to have a new ATH, it's fine because it's really worth the wait.
I am afraid that there is last chance (last months) for quick ATH.. I think  lots of money disappear from  market due to incoming financial crisis - There is a hope that bitcoin will work as store of value then - but  I find such scenario unlikely.

It can that people are losing trust in bitcoins for the time being. The Reason we see some high spikes and drop in prices over the time and platforms like Bitmex are to be blamed for this. We need a stable bitcoin price in order for the investors to regain the interest in big investments in digital currency.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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jemarie20
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November 12, 2018, 11:51:53 AM
 #422

Its depends in the situation because if you need to convert your bitcoin to real money to use it to buy your personal belongings its bad because you can loss your money, but its good time for many trader and investors in crypto world because if the price of bitcoin is goes down, that the good time to buy a lot of bitcoin and hold it and wait the good price to earn more money.

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November 15, 2018, 01:21:15 AM
 #423

I'll be very direct I'm kind of nervous for what it's happening, the sudden crash that we saw happening today is very worrying, I'm not thinking about selling my coins because I know that the price is going to recover but to deny that is hard to hold my coins when the price moves in such a way will be a lie.
budiarmed
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November 15, 2018, 04:05:00 PM
 #424

The decline in bitcoin will be bad when we panic and sell low, and it will be a good condition if we buy in a downturn because we can buy cheaply. In each condition can be negative or positive, and that depends on how we determine a choice.

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November 15, 2018, 04:54:23 PM
 #425

Bitcoins is going down and has reach it lowest form since months now it was trading around 6300 to 6900 price range. As it has break into the 5000 zone it is likely to move downward more.

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