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cryptoboss2020 (OP)
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May 25, 2021, 10:41:30 PM
 #1

Bitcoin needs  limits.
All Exchangers should have limits it means that there is some limits that btc cant go to Under those prices.
25% correction Will devastate many People Financially.
So markets should have the limits how low the prices Can go then it Will Give some credibility and btc Can be taken seriously.

For example: I bought btc  one month ago so the limits Will assure that there is no lower prices what it was month ago in few days.
So the limits Will be stopping btc to drop down fast so it Can fall down only some price level.

Same thing should be with gold also until then there is no low price and no Higher price the price Can be anything the whales want 
Assets like this are not worthed nothing there is no Security the real Estate is much Better coz it cant fall down with one day  20%... It's a insane.

We cant talk about value but just funny business.
Markets need to be regulated Better ways and not just how the government Will do but Before They going to regulate and place the limit system They ask me otherwise it Will be chaos again becouse I see no any smart People in governments Banks or some kind of instution.
To steal to manipulate to do funny business anyone Can do it but to maintane some good laws and Orders only handful knows how its right.

Right Now It's a mess markets are mess and Bitcoin has no value until the limit system is fixed.
Right Now It's chaos and non organised speculation.

Btc idea is not Bad just the market trading part is not quite right to go with btc same thing with gold.
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May 26, 2021, 12:00:28 AM
 #2

Should they also have an upper limit to prevent losses like they did with Gamestop?

The market decides the price, and many times there will be a correction if the price is spiked too much in a speculative bubble. That is normal.

The only way to prevent losing big is to hedge your investments and not risk more than you can afford to lose. What it sounds like is you are ok with the price going up when you are profiting, but you don't like the price going down when you lose. You can't have it both ways.



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May 26, 2021, 12:36:45 AM
 #3

Bitcoin needs  limits.
All Exchangers should have limits it means that there is some limits that btc cant go to Under those prices.
25% correction Will devastate many People Financially.
So markets should have the limits how low the prices Can go then it Will Give some credibility and btc Can be taken seriously.
(....)
Bitcoin is not created for this. Bitcoin is decentralized, and I believe the market and people decide the price of Bitcoin, based on the buyers and the sellers.

There are a lot of differences between Bitcoin & other cryptocurrencies compare to stock markets. The only downsides here are the whales (those people who got lot of Bitcoins or any money) since for sure they can able somehow make some huge move in prices, especially we are still very low market cap these days.
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May 26, 2021, 12:57:56 AM
 #4

As I've always been thinking, we should be careful what we wish for. We want freedom? This is it. Bitcoin is the epitome of freedom so to speak. Bitcoin is a currency free for all, open 24/7, whose market is the definition of free market.

And now we are suddenly asking for limitations? That would be a feature incompatible with the spirit of freedom, of Bitcoin.

And it's kind of selfish to ask for a limit system that won't allow Bitcoin's price to decrease as high as 25%. How about a 25% increase in a day? Would that be allowed?

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May 26, 2021, 10:31:18 PM
 #5

Bitcoin needs  limits.
All Exchangers should have limits it means that there is some limits that btc cant go to Under those prices.
25% correction Will devastate many People Financially.
<cut>

Why exactly 25%? Why not 20% or 10%? Some people may have invested their entire savings, so 10% may be equally devastating to them.
No, this is a free market. Governments can intervene in different fields, such as externalities, public goods and monopoly power.

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May 27, 2021, 04:49:49 AM
 #6

In fact, these measures will mean that strict regulation of the cryptocurrency market is being established so that the price of cryptocurrency does not fall, but only grows. However, this will no longer be a free market. In the market, the price should be formed freely due to the relationship between supply and demand. This is the main condition for all normal markets. If it is violated, it cannot lead to anything good. Therefore, such a proposal is actually unacceptable for the cryptocurrency market.

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May 27, 2021, 09:18:19 AM
Last edit: May 27, 2021, 05:15:37 PM by kryptqnick
 #7

Op, you're saying that markets should have limits, but this is precisely something Bitcoin is fighting against. Limits mean that someone has the power of regulating the price or simply closing trading platforms at some points, but this means that this power can also be abused, and there is no financial freedom. Remember how Robinhood restricted trading  GameStop because the big trading guys were losing too much money? It was unfair, and that's a real case of what can happen when the market is regulated.

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May 27, 2021, 09:31:34 AM
 #8

Bitcoin needs  limits.
All Exchangers should have limits it means that there is some limits that btc cant go to Under those prices.
25% correction Will devastate many People Financially.
So markets should have the limits how low the prices Can go then it Will Give some credibility and btc Can be taken seriously.
~
Btc idea is not Bad just the market trading part is not quite right to go with btc same thing with gold.

Your idea is contradicting with Bitcoin's value. So it won't happen. Halting trading is only viable on the regulated stocks market. There is no way it will be implemented on the Bitcoin market. After all, Implementing a limit system on this market will obliterate Bitcoin's idea. And also, technically it is not possible given the state of cryptocurrencies nature.
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May 27, 2021, 09:38:04 AM
 #9

Unregulated and decentralized market, open 20x7x365, so it won't work on bitcoin. This only operates in stocks and other "traditional" market, bitcoin is not that's why you will hear a lot of negativity and attacks and that's why government are hot on it's tall. Investors and traders knows that risk, so if the price plummets more than 50%, then they should have at least know how to mitigate it. So we can say that crypto investor and trading is not for everyone, specially those who can't take the volatility.
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May 27, 2021, 09:44:41 AM
 #10

If there is a limit to the prices, bitcoin will never be considered a hedge for inflation again since the price is already fixed plus even if we want to fix the prices, it can't be done because trades are happening every second of the day and that cause the prices to fluctuate.

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May 27, 2021, 02:06:23 PM
 #11

Bitcoin needs  limits.
All Exchangers should have limits it means that there is some limits that btc cant go to Under those prices.
25% correction Will devastate many People Financially.
So markets should have the limits how low the prices Can go then it Will Give some credibility and btc Can be taken seriously.
Bitcoin is an open source currency, you can make this approach to the bitcoin community but I am very sure this will not be welcomed because you only want to manipulate and centrally bias about some aspects of bitcoin. Nobody controls the price if bitcoin, is that not decentralized enough, before anyone should buy bitcoin, he need to have know the risks and gain involved. Even in normal businesses, if you do not study the risk very well, it can lead to losses, that is why knowing what you are dealing with in depth is very necessary. If you are not okay with bitcoin, you can make your own coin and write down the rules on the white paper, but bitcoin is far better than this.

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May 27, 2021, 08:48:59 PM
 #12

Bitcoin needs  limits.
On your other thread, you don't like bitcoin's supply limit as a currency. Well, there's 50:50 half truth with that but bitcoin was made for it and it is what it is and then the other use just came because of its usage and became more of an investment.

All Exchangers should have limits it means that there is some limits that btc cant go to Under those prices.
Exchanges can't do that. Although bitcoin is decentralized, the market of it can be somehow manipulated by big players and exchanges have no control with it.

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May 29, 2021, 05:05:09 PM
 #13

Bitcoin needs  limits.
All Exchangers should have limits it means that there is some limits that btc cant go to Under those prices.
25% correction Will devastate many People Financially.
So markets should have the limits how low the prices Can go then it Will Give some credibility and btc Can be taken seriously.
You as a person that is investing in cryptocurrency why are you not aware that the cryptocurrency you’re investing your money in can go less than 25% and even more?

This is nothing new, and exchanges can’t set any limit, it’s based on the supply and demand, and when they look at it they will set it at what it is supposed to be. That’s why investors and traders has to be very careful  and invest their money wisely so that they don’t end up losing it in the market. Stop waiting for when exchanges are going to start setting limits to price because that’s never going to happen.

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    $10,000   
BLACKJACK
GIVEAWAY
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