BITCOIN TO CRASH on AUG 1st !!

JustAnotherPanel

JustAnotherPanel

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Hello Guys,
A friend of mine working in the Block-chain bus. in NY told me that a system crash is expected on AUG 1st and thats why the prices of all CryptoCoins is going down.
If BTC survives this technical crash on July 31st midnight, its price is expected to go up again and above 3k$. If not, BTC will have no use anymore.

Do you guys have any idea about this ?

I am concerned because I have around 5k$ worth of BTC (2.5BTC), should i sell them now or take the risk ?

and What about other coins like LTC - ETH ? Will they be affected too ?

Thanks
 
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sell sell sell ;)

you could bet on lower prices ...
 
Why is there even a system crash when the mining is done through multiple GPUs? Sound weird to be honest.
 
there is to much capital in btc for it to crash that easy....plus the world needs a fast and simple way to launder money and finance illegal stuff.
 
Everything about cryptocurrency is volatile and unstable. It's a high tech fad because people think it's cool that it's anonymous. The coins that have even the most remote bit of longevity have been plummeting for a while now. It's cool that it spiked up a few months back, but now I think it's time to get real.
 
JustAnotherPanel said:
A friend of mine working in the Block-chain bus. in NY told me that a system crash is expected on AUG 1st
Click to expand...
What is Block-chain bus ?
Who own this system which is going to crash ?
I was thinking bitcoin is decentralized. Isn't it ?
Did it really have such central authority or system which can be crash and can effect btc price ?
 
I've done a little research on btc and I find it all a bit confusing. But I have seen regular increases in price since last year when it was around 600-800 around this time... could be a wise investment, especially if it continues with this general traction.

It would blow to miss out on it while its still somewhat affordable. I may buy a coin or 2 and just hold onto it for a few years to see what happens.
 
laur.laurix said:
there is to much capital in btc for it to crash that easy....plus the world needs a fast and simple way to launder money and finance illegal stuff.
Click to expand...

So losing 25% in a day isn't a crash to you?

Digital currencies, stocks, and bonds will all be recalibrated when the GLOBAL RESET happens - gold and silver will be the only commodity worth owning, which is the way it's been since humans have been around...
 
LOL I just sold all my BTC at $2100 yesterday.

1/August/2017 is MEGA risk for investor.

Nobody like hardfork.

And nobody like bitcoin core too since it have lots of weaknesses.

Solution, bitcoin will die :(

And other permanent power crypto currency will rise up. But, since the pioneer of crypto currency aka bitcoin just dead, other crypto will crash too due too "panic".

Till this trauma have gone, and people start to trust the crypto currency again.

That just my theory and prediction. Basic logic.
 
Funny... The other day I saw a guy on another site saying he was expecting all of the cryptocurrencies to rise in price
 
PinguSpy said:
LOL I just sold all my BTC at $2100 yesterday.
Click to expand...

Bet you wished you'd cashed out a couple of months ago now!

BC has lost a huge amount of its value recently. I don't follow or invest in crypto but I do keep an eye on the market. Couple of months ago and even as recently as a couple of weeks it was hovering around the $2.6-2.9k mark, now it's below $2k again.

It was only a matter of time before the bubble burst.
 
sturose said:
Bet you wished you'd cashed out a couple of months ago now!

BC has lost a huge amount of its value recently. I don't follow or invest in crypto but I do keep an eye on the market. Couple of months ago and even as recently as a couple of weeks it was hovering around the $2.6-2.9k mark, now it's below $2k again.

It was only a matter of time before the bubble burst.
Click to expand...
Because at first I thought there is no hard fork. :(
That's why i postpone to cash out all my bitcoin when the price still at around 2.7-2.8k

But, as yesterday rumor start to spread that the hard fork will still be implement on 1 August. As the result, China start to panicking including me .

Better cash out now, even not much amount of profits compare many weeks ago than nothing.
 
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